LRBb0356LRBb0356/P3
JK:lmk&wlj:jf
2005 - 2006 LEGISLATURE
LFB:......Reinhardt - Sales tax on transactions between affiliated businesses
For 2005-07 Budget -- Not Ready For Introduction
ASSEMBLY AMENDMENT ,
TO 2005 ASSEMBLY BILL 100
At the locations indicated, amend the bill as follows:
1.
Page 817, line 12: after that line insert:
"SECTION 1632m. 77.54 (49) of the statutes is created to read:
77.54 (49) The gross receipts from the sale of and the storage, use, or other consumption of taxable services and tangible personal property that is physically transferred to the purchaser as a necessary part of services that are subject to the taxes imposed under s. 77.52 (2) (a) 7., 10., 11., and 20., if the seller and the purchaser of such services and property are members of the same affiliated group under section 1504 of the Internal Revenue Code and are eligible to file a single consolidated return for federal income tax purposes. For purposes of this subsection, if a seller purchases a taxable service or tangible personal property, as described in the subsection, that is subsequently sold to a member of the seller's affiliated group and the sale is exempt under this subsection from the taxes imposed under this subchapter, the original purchase of the taxable service or tangible personal property by the seller is not considered a sale for resale or exempt under this subsection.".
2.
Page 1131, line 3: after that line insert:
"(7v) TRANSACTIONS BETWEEN AFFILIATED BUSINESSES. The treatment of section 77.54 (49) of the statutes takes effect on the first day of the 2nd month beginning after publication.".
(End)
LRBb0357LRBb0357/1
MES:wlj:pg
2005 - 2006 LEGISLATURE
LFB:......Reinhardt - Exempt from taxation all social security benefits; 5-year phase-in
For 2005-07 Budget -- Not Ready For Introduction
ASSEMBLY AMENDMENT ,
TO 2005 ASSEMBLY BILL 100
At the locations indicated, amend the bill as follows:
1.
Page 630, line 6: after that line insert:
"SECTION 1286g. 71.05 (6) (b) 21. of the statutes is renumbered 71.05 (6) (b) 21. a. and amended to read:
71.05 (6) (b) 21. a. The For taxable years beginning before January 1, 2007, the difference between the amount of social security benefits included in federal adjusted gross income for the current year and the amount calculated under section 86 of the internal revenue code Internal Revenue Code as that section existed on December 31, 1992.
SECTION 1286h. 71.05 (6) (b) 21. b. of the statutes is created to read:
71.05 (6) (b) 21. b. For taxable years beginning after December 31, 2006, and before January 1, 2008, the difference between the amount of social security benefits included in federal adjusted gross income for the current year and 80 percent of the amount calculated under section 86 of the Internal Revenue Code as that section existed on December 31, 1992.
SECTION 1286i. 71.05 (6) (b) 21. c. of the statutes is created to read:
71.05 (6) (b) 21. c. For taxable years beginning after December 31, 2007, and before January 1, 2009, the difference between the amount of social security benefits included in federal adjusted gross income for the current year and 60 percent of the amount calculated under section 86 of the Internal Revenue Code as that section existed on December 31, 1992.
SECTION 1286j. 71.05 (6) (b) 21. d. of the statutes is created to read:
71.05 (6) (b) 21. d. For taxable years beginning after December 31, 2008, and before January 1, 2010, the difference between the amount of social security benefits included in federal adjusted gross income for the current year and 40 percent of the amount calculated under section 86 of the Internal Revenue Code as that section existed on December 31, 1992.
SECTION 1286k. 71.05 (6) (b) 21. e. of the statutes is created to read:
71.05 (6) (b) 21. e. For taxable years beginning after December 31, 2009, and before January 1, 2011, the the difference between the amount of social security benefits included in federal adjusted gross income for the current year and 20 percent of the amount calculated under section 86 of the Internal Revenue Code as that section existed on December 31, 1992.
SECTION 1286L. 71.05 (6) (b) 21. f. of the statutes is created to read:
71.05 (6) (b) 21. f. For taxable years beginning after December 31, 2010, the amount of social security benefits included in federal adjusted gross income under section 86 of the Internal Revenue Code.".
(End)
LRBb0358LRBb0358/P2
JK:lmk:jf
2005 - 2006 LEGISLATURE
LFB:......Reinhardt - Sales tax on services provided by temporary help companies
For 2005-07 Budget -- Not Ready For Introduction
ASSEMBLY AMENDMENT ,
TO 2005 ASSEMBLY BILL 100
At the locations indicated, amend the bill as follows:
1.
Page 817, line 12: after that line insert:
"SECTION 1632n. 77.54 (50) of the statutes is created to read:
77.54 (50) The gross receipts from the sale of taxable services provided by a temporary help company, as defined in s. 108.02 (24m), if the client for whom the services are provided controls the means of performing the services and is responsible for the satisfactory completion of the services.".
2.
Page 1131, line 3: after that line insert:
"(7w) TEMPORARY HELP COMPANY. The treatment of section 77.54 (50) of the statutes takes effect on July 1, 2007.".
(End)
LRBb0359LRBb0359/1
MES:lmk:pg
2005 - 2006 LEGISLATURE
LFB:......Reinhardt - Increase the armed forces member individual income tax credit
For 2005-07 Budget -- Not Ready For Introduction
ASSEMBLY AMENDMENT ,
TO 2005 ASSEMBLY BILL 100
At the locations indicated, amend the bill as follows:
1.
Page 636, line 20: after that line insert:
"SECTION 1311m. 71.07 (6m) (b) of the statutes is renumbered 71.07 (6m) (b) (intro.) and amended to read:
71.07 (6m) (b) Filing claims. (intro.) Subject to the limitations and conditions provided in this subsection, a claimant may claim as a credit against the tax imposed under s. 71.02, up to the amount of those taxes, one of the following amounts:
1. For taxable years beginning before January 1, 2006, an amount up to $200 of military income for services performed by the claimant while he or she is stationed outside of the United States.
SECTION 1311n. 71.07 (6m) (b) 2. of the statutes is created to read:
71.07 (6m) (b) 2. For taxable years beginning after December 31, 2005, an amount up to $300 of military income for services performed by the claimant while he or she is stationed outside of the United States.".
(End)
LRBb0360LRBb0360/P2
JK:cmh:pg
2005 - 2006 LEGISLATURE
LFB:......Reinhardt - Sales tax retailer's discount
For 2005-07 Budget -- Not Ready For Introduction
ASSEMBLY AMENDMENT ,
TO 2005 ASSEMBLY BILL 100
At the locations indicated, amend the bill as follows:
1.
Page 828, line 18: after "of" insert "the first $50,000, and 0.2% of any amount exceeding $50,000, of".
2.
Page 1119, line 3: after that line insert:
"(18n) RETAILER'S DISCOUNT. The treatment of section 77.61 (4) (c) of the statutes first applies to the taxes imposed and collected on January 1, 2006.".
3.
Page 1129, line 4: delete "77.61 (4) (c),".
(End)
LRBb0361LRBb0361/1
JK:cmh:rs
2005 - 2006 LEGISLATURE
LFB:......Reinhardt - Sales tax exemption for clay pigeons
For 2005-07 Budget -- Not Ready For Introduction
ASSEMBLY AMENDMENT ,
TO 2005 ASSEMBLY BILL 100
At the locations indicated, amend the bill as follows:
1.
Page 817, line 6: after that line insert:
"SECTION 1631m. 77.54 (47) of the statutes is renumbered 77.54 (47) (intro.) and amended to read:
77.54 (47) (intro.) The gross receipts from the sale of and the storage, use, or other consumption of live all of the following:
(a) Live game birds, and clay pigeons, that are sold to bird hunting preserves licensed under s. 169.19.
SECTION 1631p. 77.54 (47) (b) of the statutes is created to read:
77.54 (47) (b) Clay pigeons that are sold to a shooting facility, if any of the following applies:
1. The shooting facility is required to pay the tax imposed under s. 77.52 on its gross receipts from charges for shooting at the facility.
2. The shooting facility is a nonprofit organization that charges for shooting at the facility, but is not required to pay the tax imposed under s. 77.52 on its gross receipts from such charges because the charges are for occasional sales, as provided under sub. (7m).".
2.
Page 1118, line 23: after that line insert:
"(17n) GAME BIRDS AND CLAY PIGEONS. The renumbering and amendment of section 77.54 (47) of the statutes and the creation of section 77.54 (47) (b) of the statutes first apply retroactively to sales made on January 1, 2003.".
3.
Page 1130, line 18: after that line insert:
"(6n) GAME BIRDS AND CLAY PIGEONS. The renumbering and amendment of section 77.54 (47) of the statutes and the creation of section 77.54 (47) (b) of the statutes take effect retroactively to January 1, 2003.".
(End)
LRBb0362LRBb0362/P3
JK:cjs:pg
2005 - 2006 LEGISLATURE
LFB:......Reinhardt - Tax credit for health insurance risk-sharing plan assessments
For 2005-07 Budget -- Not Ready For Introduction
ASSEMBLY AMENDMENT ,
TO 2005 ASSEMBLY BILL 100
At the locations indicated, amend the bill as follows:
1.
Page 636, line 20: after that line insert:
"SECTION 1311m. 71.07 (5g) of the statutes is created to read:
71.07 (5g) HEALTH INSURANCE RISK-SHARING PLAN ASSESSMENTS CREDIT. (a) Definitions. In this subsection, "claimant" means a partner, limited liability company member, or tax-option corporation shareholder who files a claim under this subsection and who is a partner, member, or shareholder of an entity that is an insurer, as defined in s. 149.10 (5).
(b) Filing claims. Subject to the limitations provided under this subsection, for taxable years beginning after December 31, 2005, a claimant may claim as a credit against the taxes imposed under s. 71.02 an amount that is equal to a percentage of the amount of the assessment under s. 149.13 that the claimant paid in the taxable year, as determined under par. (c).
(c) Limitations. 1. The department of revenue, in consultation with the office of the commissioner of insurance, shall determine the percentage under par. (b) for each claimant for each taxable year so that the cost of the credit under this subsection and ss. 71.28 (5g), 71.47 (5g), and 76.655 is as close as practicable to $2,000,000 in the 2006-07 fiscal year and $5,000,000 in each fiscal year thereafter.
2. Partnerships, limited liability companies, and tax-option corporations may not claim the credit under this subsection, but the eligibility for, and the amount of, the credit are based on their payment of amounts described under par. (b). A partnership, limited liability company, or tax-option corporation shall compute the amount of credit that each of its partners, members, or shareholders may claim and shall provide that information to each of them. Partners, members of limited liability companies, and shareholders of tax-option corporations may claim the credit in proportion to their ownership interests.
(d) Administration. Section 71.28 (4) (e) to (h), as it applies to the credit under s. 71.28 (4), applies to the credit under this subsection.".
2.
Page 637, line 2: after that line insert:
"SECTION 1312m. 71.10 (4) (cp) of the statutes is created to read:
71.10 (4) (cp) Health insurance risk-sharing plan assessments credit under s. 71.07 (5g).".
3.
Page 641, line 18: after that line insert:
"SECTION 1319m. 71.21 (4) of the statutes is amended to read:
71.21 (4) Credits computed by a partnership under s. 71.07 (2dd), (2de), (2di), (2dj), (2dL), (2dm), (2ds), (2dx), (3g), (3n), (3s), (3t), and (5b), and (5g) and passed through to partners shall be added to the partnership's income.".
4.
Page 672, line 20: after that line insert:
"SECTION 1354m. 71.26 (2) (a) of the statutes is amended to read:
71.26 (2) (a) Corporations in general. The "net income" of a corporation means the gross income as computed under the Internal Revenue Code as modified under sub. (3) minus the amount of recapture under s. 71.28 (1di) plus the amount of credit computed under s. 71.28 (1), (3), (4), and (5) minus, as provided under s. 71.28 (3) (c) 7., the amount of the credit under s. 71.28 (3) that the taxpayer added to income under this paragraph at the time that the taxpayer first claimed the credit plus the amount of the credit computed under s. 71.28 (1dd), (1de), (1di), (1dj), (1dL), (1dm), (1ds), (1dx), (3g), (3n), (3t), and (5b), (5g) and not passed through by a partnership, limited liability company, or tax-option corporation that has added that amount to the partnership's, limited liability company's, or tax-option corporation's income under s. 71.21 (4) or 71.34 (1) (g) plus the amount of losses from the sale or other disposition of assets the gain from which would be wholly exempt income, as defined in sub. (3) (L), if the assets were sold or otherwise disposed of at a gain and minus deductions, as computed under the Internal Revenue Code as modified under sub. (3), plus or minus, as appropriate, an amount equal to the difference between the federal basis and Wisconsin basis of any asset sold, exchanged, abandoned, or otherwise disposed of in a taxable transaction during the taxable year, except as provided in par. (b) and s. 71.45 (2) and (5).".
5.
Page 707, line 10: after that line insert:
