Amendment AA22-AA2-ASA1-AB133

AB133-ASA1-AA2-AA22,9,19 13. If the claimant is married and files a separate income tax return and if the claimant's income is $75,000 or more in the year to which the claim relates, 10% of the property taxes accrued or rent constituting property taxes accrued or both in that year on the claimant's principal dwelling.

AB133-ASA1-AA2-AA22,9,21 (c) Limitations, general. 1. No credit may be allowed under this subsection unless it is claimed within the time period under s. 71.75 (2).

AB133-ASA1-AA2-AA22,9,23 2. Part-year residents and nonresidents of this state are not eligible to claim the credit under this subsection.

AB133-ASA1-AA2-AA22,9,25 (d) Property taxes accrued limitations. The maximum property taxes accrued, or rent constituting property taxes accrued, or both, that may be used in calculating the credit under par. (b), with respect to any one household, may not exceed $2,000 in 1999 or any subsequent calendar year, except that if the claimant is married and files a separate return the maximum property taxes accrued, or rent constituting property taxes accrued, or both, that may be used in calculating the credit under par. (b), with respect to any one household, may not exceed $1,000.

AB133-ASA1-AA2-AA22,10,10 (e) Administration. The department may enforce the credit under this subsection and may take any action, conduct any proceeding and proceed as it is authorized in respect to taxes under this chapter. The income tax provisions in this chapter relating to assessments, refunds, appeals, collection, interest and penalties apply to the credit under this subsection.".".

AB133-ASA1-AA2-AA22,10,11 17. Page 247, line 2: after that line insert:

AB133-ASA1-AA2-AA22,10,12 "599m. Page 850, line 9: delete "1999" and substitute "1998".

AB133-ASA1-AA2-AA22,10,13 18. Page 247, line 4: after "(6m)" insert ", (7m)".

AB133-ASA1-AA2-AA22,10,14 19. Page 247, line 10: after that line insert:

AB133-ASA1-AA2-AA22,10,15 "603m. Page 851, line 7: after that line insert:

AB133-ASA1-AA2-AA22,10,16 " Section 1719k. 71.10 (4) (cn) of the statutes is created to read:

AB133-ASA1-AA2-AA22,10,18 71.10 (4) (cn) Property tax refund credit under s. 71.07 (7m), to the extent that the credit is nonrefundable.".".

AB133-ASA1-AA2-AA22,10,20 20. Page 250, line 2: after "(2fd)," insert "property tax refund credit under s. 71.07 (7m), to the extent that the credit is refundable,".

AB133-ASA1-AA2-AA22,10,21 21. Page 250, line 4: after that line insert:

AB133-ASA1-AA2-AA22,10,23 "605g. Page 851, line 17: delete the material beginning with that line and ending with page 852, line 2.

AB133-ASA1-AA2-AA22,10,24 605r. Page 853, line 9: delete lines 9 to 13.".

AB133-ASA1-AA2-AA22,11,2 22. Page 255, line 16: delete the material beginning with that line and ending with page 256, line 12.

AB133-ASA1-AA2-AA22,11,4 23. Page 262, line 10: delete the material beginning with that line and ending with page 263, line 6.

AB133-ASA1-AA2-AA22,11,5 24. Page 265, line 10: after that line insert:

AB133-ASA1-AA2-AA22,11,7 "632e. Page 944, line 22: delete the material beginning with that line and ending with page 945, line 13.

AB133-ASA1-AA2-AA22,11,8 632m. Page 945, line 19: after that line insert:

AB133-ASA1-AA2-AA22,11,9 " Section 1764e. 71.55 (11) of the statutes is created to read:

AB133-ASA1-AA2-AA22,11,12 71.55 (11) Sunset. No new claim may be filed under this subchapter for a taxable year that begins after December 31, 1999, based on property taxes accrued in the previous year.".

AB133-ASA1-AA2-AA22,11,14 632s. Page 946, line 4: delete the material beginning with that line and ending with page 947, line 20.".

AB133-ASA1-AA2-AA22,11,16 25. Page 271, line 19: delete the material beginning with that line and ending with page 272, line 22.

AB133-ASA1-AA2-AA22,11,17 26. Page 500, line 3: delete lines 3 to 9.

AB133-ASA1-AA2-AA22,11,18 27. Page 563, line 12: delete lines 12 to 16.

AB133-ASA1-AA2-AA22,11,19 28. Page 570, line 15: delete lines 15 to 20.

AB133-ASA1-AA2-AA22,11,20 29. Page 594, line 19: after that line insert:

AB133-ASA1-AA2-AA22,11,21 "1163m. Page 1598, line 13: after that line insert:

AB133-ASA1-AA2-AA22,12,2 "(14z) Property tax refund credit. The treatment of sections 20.835 (2) (e), 71.07 (7m), 71.08 (1) (intro.) (as it applies to the property tax refund credit) and 71.10 (4) (cn) and (i) of the statutes first applies to taxable years beginning on January 1, 1999.".".

AB133-ASA1-AA2-AA22,12,3 30. Page 596, line 18: delete lines 18 to 22.

AB133-ASA1-AA2-AA22,12,4 (End)