Senate Bill 503

An Act to repeal 20.566 (1) (hn), 71.10 (1m) (b) 1. and 2., 71.30 (2m) (b) 1. and 2., 71.80 (1m) (b) 1. and 2. and 73.03 (28d); to renumber and amend 71.10 (1m) (b) (intro.), 71.30 (2m) (b) (intro.), 71.80 (1m) (b) (intro.) and 77.54 (60) (a); to amend 71.07 (5n) (a) 3., 71.07 (5n) (a) 4., 71.10 (1m) (c), 71.28 (5n) (a) 3., 71.28 (5n) (a) 4., 71.30 (2m) (c), 71.80 (1m) (c), 71.80 (9m) (intro.), 73.16 (3) (b), 77.51 (2), 77.51 (11d), 77.54 (60) (b), 77.54 (60) (c) and 77.61 (19) (intro.); and to create 73.03 (72), 73.03 (73), 77.51 (12t), 77.54 (60) (bm) and 77.54 (60) (d) 2., 3. and 4. of the statutes; Relating to: individual and corporate income and franchise taxes; sales and use taxes; administration of tax laws; providing an exemption from emergency rule procedures; and requiring the exercise of rule-making authority. (FE)