Amendment OC9 SA3-SSA1-AB1

LRBa1052/1

MES&RAC&JK:wlj:kjf

October 1999 Special Session

1999 - 2000 LEGISLATURE

SENATE AMENDMENT 3, TO SENATE SUBSTITUTE AMENDMENT 1, TO ASSEMBLY BILL 1

November 11, 1999 - Offered by Senator Lazich.

AB1-SSA1-SA3,1,1 At the locations indicated, amend the substitute amendment as follows:

AB1-SSA1-SA3,1,2 1. Page 1, line 8: after that line insert:

AB1-SSA1-SA3,1,3 " Section 1m. 71.07 (9) (b) 1. of the statutes is amended to read:

AB1-SSA1-SA3,1,8 71.07 (9) (b) 1. Subject to the limitations under this subsection and except as provided in subd. subds. 2. and 4., 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.".

AB1-SSA1-SA3,1,9 2. Page 1, line 10: after that line insert:

AB1-SSA1-SA3,1,10 " Section 2m. 71.07 (9) (b) 4. of the statutes is created to read:

AB1-SSA1-SA3,2,4 71.07 (9) (b) 4. For taxable years beginning after December 31, 1998 and before January 1, 2001, 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, 8.4% of the first $2,000 of property taxes or rent constituting property taxes, or 8.4% of the first $1,000 of property taxes or rent constituting property taxes of a married person filing separately.".

AB1-SSA1-SA3,2,5 3. Page 1, line 12: delete that line and substitute: "is repealed.".

AB1-SSA1-SA3,2,6 4. Page 2, line 1: delete lines 1 to 3.

AB1-SSA1-SA3,2,7 5. Page 9, line 14: after that line insert:

AB1-SSA1-SA3,2,9 "(2) Reductions or expenditure reestimates in appropriations for the 1999-2001 biennium.

AB1-SSA1-SA3,2,16 (a) Secretary of administration to report proposed reductions or expenditure reestimates in appropriations. No later than January 1, 2001, the secretary of administration shall propose reductions in sum certain appropriations in any fund or reestimates of expenditures to be made from sum sufficient appropriations from the general fund for the 1999-2001 biennium in an amount equal to $410,000,000 and shall report these proposed reductions or reestimates to the joint committee on finance.

AB1-SSA1-SA3,3,6 (b) Joint committee on finance passive review. If the cochairpersons of the joint committee on finance do not notify the secretary of administration that the committee has scheduled a meeting for the purpose of reviewing the proposed reductions or reestimates reported under paragraph (a) within 14 working days after the date of receiving the report, the secretary of administration shall lapse or transfer the amount of the proposed reductions to the general fund or reestimate the expenditures to be made from the sum sufficient appropriations. If, within 14 working days after the date of receiving the report, the cochairpersons of the committee notify the secretary of administration that the committee has scheduled a meeting for the purpose of reviewing the proposed reductions or reestimates reported under paragraph (a), the secretary of administration shall lapse or transfer to the general fund or reestimate the amounts approved by the committee in a total amount equal to the amount specified in paragraph (a) from the appropriations specified by the committee.".

AB1-SSA1-SA3,3,7 (End)