Amendment SA1-AA1-SB114

LRBa0486/2

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1999 - 2000 LEGISLATURE

SENATE AMENDMENT 1, TO ASSEMBLY AMENDMENT 1, TO 1999 SENATE BILL 114

June 15, 1999 - Offered by Senators Decker and Erpenbach.

SB114-AA1-SA1,1,1 At the locations indicated, amend the amendment as follows:

SB114-AA1-SA1,1,3 1. Page 1, line 7: on lines 7 and 13, delete "20%" and substitute "a percentage, as determined by the department under subd. 3.,".

SB114-AA1-SA1,1,4 2. Page 1, line 8: delete " $2,000" and substitute "$1,500".

SB114-AA1-SA1,1,5 3. Page 1, line 10: after that line insert:

SB114-AA1-SA1,1,6 " Section 23f. 71.07 (3m) (c) 3. of the statutes is created to read:

SB114-AA1-SA1,1,12 71.07 (3m) (c) 3. The department shall annually adjust the percentage that is used to determine the amount of a claim under subd. 1. based on the estimated number of claims and the amount estimated to be expended from the appropriation under s. 20.835 (2) (q), as determined under s. 79.13. The department shall incorporate the annually adjusted percentage into the income tax forms and instructions.".

SB114-AA1-SA1,2,1 4. Page 2, line 1: on lines 1 and 7, delete "$2,000" and substitute " $1,500".

SB114-AA1-SA1,2,2 5. Page 2, line 3: after that line insert:

SB114-AA1-SA1,2,3 " Section 23p. 71.28 (2m) (c) 3. of the statutes is created to read:

SB114-AA1-SA1,2,9 71.28 (2m) (c) 3. The department shall annually adjust the percentage that is used to determine the amount of a claim under subd. 1. based on the estimated number of claims and the amount estimated to be expended from the appropriation under s. 20.835 (2) (q), as determined under s. 79.13. The department shall incorporate the annually adjusted percentage into the income tax forms and instructions.".

SB114-AA1-SA1,2,11 6. Page 2, line 6: delete " 20%" and substitute "a percentage, as determined by the department under subd. 3.,".

SB114-AA1-SA1,2,12 7. Page 2, line 9: delete that line and substitute "taxes accrued on the farm.

SB114-AA1-SA1, s. 23t Section 23t. 71.47 (2m) (c) 3. of the statutes is created to read:

SB114-AA1-SA1,2,19 71.47 (2m) (c) 3. The department shall annually adjust the percentage that is used to determine the amount of a claim under subd. 1. based on the estimated number of claims and the amount estimated to be expended from the appropriation under s. 20.835 (2) (q), as determined under s. 79.13. The department shall incorporate the annually adjusted percentage into the income tax forms and instructions.".

SB114-AA1-SA1,2,20 1m. Page 14, line 8: after that line insert:

SB114-AA1-SA1,2,21 " Section 38m. 79.13 of the statutes is created to read:

SB114-AA1-SA1,2,24 79.13 Farmland tax relief credit. (1) In the 1999-2000 fiscal year, the amount that is estimated to be expended from the appropriation under s. 20.835 (2) (q) is $15,000,000.

SB114-AA1-SA1,3,6 (2) In the 2000-01 fiscal year, and in each fiscal year thereafter, the amount that is estimated to be expended from the appropriation under s. 20.835 (2) (q) is $15,000,000, plus the amount that is estimated to be expended from the appropriation under s. 20.835 (2) (q) in the previous fiscal year and less the actual amount that is expended from the appropriation under s. 20.835 (2) (q) in the previous fiscal year.".".

SB114-AA1-SA1,3,7 8. Page 2, line 12: delete lines 12 and 13 and substitute:

SB114-AA1-SA1,3,10 "(2e) The treatment of sections 71.07 (3m) (c) 1. and 3., 71.28 (2m) (c) 1. and 3. and 71.47 (2m) (c) 1. and 3. of the statutes first applies to property taxes that are levied in 1999 and that".

SB114-AA1-SA1,3,11 (End)