AB140-AA1,1,4
21. Page 1, line 2: after "credit" insert "and revising interest charges on an
3assessment to recover an excessive homestead, farmland preservation, or farmland
4tax relief credit".
AB140-AA1,1,87
71.738
(3) "Last day prescribed by law" means the unextended due date of the
8return
or of the claim made under subch. VIII.
AB140-AA1,2,210
71.82
(1) (c) Any assessment made as a result of the adjustment or disallowance
11of a claim for credit under s. 71.07, 71.28 or 71.47 or subch. VIII or IX, except as
12provided in sub. (2) (c), shall bear interest at 12% per year from the
due date
of on
13which the claim
was filed. A claim that is filed on or before the unextended due date
1for filing an income or franchise tax return for the taxable year to which the claim
2relates shall be considered to have been filed on the unextended due date.
AB140-AA1,2,114
71.82
(2) (c)
Adjustment to credits. Any assessment made as a result of the
5disallowance of a claim for credit made under s. 71.07, 71.28 or 71.47 or subch. VIII
6or IX with fraudulent intent, or of a portion of a claim made under said subchapters
7or sections that was excessive and was negligently prepared, shall bear interest from
8the
due date
of on which the claim
was filed, until refunded or paid, at the rate of 1.5%
9per month.
A claim that is filed on or before the unextended due date for filing an
10income or franchise tax return for the taxable year to which the claim relates shall
11be considered to have been filed on the unextended due date.".
AB140-AA1,2,18
17"(2x) The treatment of sections 71.738 (3) and 71.82 (1) (c) and (2) (c) first
18applies to assessments that are made on the effective date of this subsection.".