LRBa0425/2
MES:jlg:kjf
1999 - 2000 LEGISLATURE
ASSEMBLY AMENDMENT 2,
TO 1999 ASSEMBLY BILL 354
May 19, 1999 - Offered by Representatives Travis, Krug, Berceau, Bock, Wood,
Schneider, Hebl, Schooff, Waukau, Plouff, Meyer, Balow and Black.
AB354-AA2,1,5
5"
Section 7m. 71.07 (9) (b) 1. of the statutes is amended to read:
AB354-AA2,1,116
71.07
(9) (b) 1.
Subject For taxable years beginning before January 1, 1998,
7subject to the limitations under this subsection
and except as provided in subd. 2.,
8a claimant may claim as a credit against, but not to exceed the amount of, taxes under
9s. 71.02, 10% of the first $2,000 of property taxes or rent constituting property taxes,
10or 10% of the first $1,000 of property taxes or rent constituting property taxes of a
11married person filing separately.
AB354-AA2, s. 7p
12Section 7p. 71.07 (9) (b) 2. of the statutes is amended to read:
AB354-AA2,2,5
171.07
(9) (b) 2.
Subject For taxable years beginning after December 31, 1997,
2and before January 1, 1999, subject to the limitations under this subsection, a
3claimant may claim as a credit against, but not to exceed the amount of, taxes under
4s. 71.02, the amounts specified in the proposal under
1997 Wisconsin Act 237, section
59256 (2c).
AB354-AA2, s. 7r
6Section 7r. 71.07 (9) (b) 3. of the statutes is created to read:
AB354-AA2,2,127
71.07
(9) (b) 3. For taxable years beginning after December 31, 1998, subject
8to the limitations under this subsection, a claimant may claim as a credit against,
9but not to exceed the amount of, taxes under s. 71.02, 11.4% of the first $2,000 of
10property taxes or rent constituting property taxes, or 11.4% of the first $1,000 of
11property taxes or rent constituting property taxes of a married person filing
12separately.".
