LRBs0540/1
JK&MES:wlj:jf
May 2000 Special Session
1999 - 2000 LEGISLATURE
ASSEMBLY SUBSTITUTE AMENDMENT 1,
TO SENATE BILL 1
May 4, 2000 - Offered by Representative Gard.
SB1-ASA1,1,2
1An Act to amend 71.07 (9) (b) 1. and 71.07 (9) (b) 4.; and
to create 71.07 (9) (b)
25. of the statutes;
relating to: restoring the school property tax rent credit.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
SB1-ASA1,1,95
71.07
(9) (b) 1. Subject to the limitations under this subsection and except as
6provided in subds. 2.
and, 4.
and 5., a claimant may claim as a credit against, but not
7to exceed the amount of, taxes under s. 71.02, 10% of the first $2,000 of property taxes
8or rent constituting property taxes, or 10% of the first $1,000 of property taxes or rent
9constituting property taxes of a married person filing separately.
SB1-ASA1,2,6
171.07
(9) (b) 4. For taxable years beginning after December 31, 1998
, and
2before January 1, 2000, subject to the limitations under this subsection a claimant
3may claim as a credit against, but not to exceed the amount of, taxes under s. 71.02,
48.4% of the first $0 of property taxes or rent constituting property taxes, or 8.4% of
5the first $0 of property taxes or rent constituting property taxes of a married person
6filing separately.
SB1-ASA1, s. 3
7Section
3. 71.07 (9) (b) 5. of the statutes is created to read:
SB1-ASA1,2,128
71.07
(9) (b) 5. For taxable years beginning after December 31, 1999, subject
9to the limitations under this subsection a claimant may claim as a credit against, but
10not to exceed the amount of, taxes under s. 71.02, 12% of the first $2,500 of property
11taxes or rent constituting property taxes, or 12% of the first $1,250 of property taxes
12or rent constituting property taxes of a married person filing separately.
SB1-ASA1,2,1414
(1) This act first applies to taxable years beginning on January 1, 2000.
