Amendment AA49-ASA1-AB768

LRBb3243/1

MES:jlg:ch

1997 - 1998 LEGISLATURE

ASSEMBLY AMENDMENT 49, TO ASSEMBLY SUBSTITUTE AMENDMENT 1, TO 1997 ASSEMBLY BILL 768

May 6, 1998 - Offered by Representatives Travis and Kunicki.

AB768-ASA1-AA49,1,1 At the locations indicated, amend the substitute amendment as follows:

AB768-ASA1-AA49,1,2 1. Page 16, line 13: delete "lowering the".

AB768-ASA1-AA49,1,3 2. Page 16, line 14: delete "individual income tax rates;".

AB768-ASA1-AA49,1,5 3. Page 16, line 16: after "cities;" insert "increasing the school property tax credit;".

AB768-ASA1-AA49,1,7 4. Page 207, line 15: delete the material beginning with that line and ending with page 208, line 20.

AB768-ASA1-AA49,1,8 5. Page 209, line 13: after that line insert:

AB768-ASA1-AA49,1,9 " Section 284s. 71.07 (9) (b) of the statutes is amended to read:

AB768-ASA1-AA49,2,3 71.07 (9) (b) Subject For taxable years beginning before January 1, 1998, subject to the limitations under this subsection, a claimant may claim as a credit against, but not to exceed the amount of, taxes under s. 71.02, 10% of the first $2,000 of property taxes or rent constituting property taxes, or 10% of the first $1,000 of property taxes or rent constituting property taxes of a married person filing separately.

AB768-ASA1-AA49, s. 284t Section 284t. 71.07 (9) (be) of the statutes is created to read:

AB768-ASA1-AA49,2,10 71.07 (9) (be) For taxable years beginning after December 31, 1997, subject to the limitations under this subsection, a claimant may claim as a credit against, but not to exceed the amount of, taxes imposed under s. 71.02, 11.5% of the first $3,000 of property taxes or rent constituting property taxes, or 11.5% of the first $1,500 of property taxes or rent constituting property taxes of a married person filing separately.".

AB768-ASA1-AA49,2,11 (End)