Amendment AA1-AB105

LRBa0264/1

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2001 - 2002 LEGISLATURE

ASSEMBLY AMENDMENT 1, TO 2001 ASSEMBLY BILL 105

March 7, 2001 - Offered by Committee on Ways and Means.

AB105-AA1,1,1 At the locations indicated, amend the bill as follows:

AB105-AA1,1,2 1. Page 3, line 10: delete lines 10 to 24 and substitute:

AB105-AA1,1,4 " Section 4c. 79.10 (10) (bn) of the statutes is renumbered 79.10 (10) (bn) 1. and amended to read:

AB105-AA1,2,2 79.10 (10) (bn) 1. If a person who owns and uses property as specified under sub. (1) (dm), as of the certification date under par. (a), transfers the property after the certification date, the transferee may apply to the treasurer of the county in which the property is located or, if the property is located in a city that collects taxes under s. 74.87, to the treasurer of the city in which the property is located for the credit under sub. (9) (bm) on a form prescribed by the department of revenue. The transferee shall attest that, to the transferee's knowledge, the transferor used the property in the manner specified under sub. (1) (dm) as of the certification date under par. (a). A claim that is made under this paragraph subdivision is valid for the year in which the property is transferred.

AB105-AA1, s. 4g Section 4g. 79.10 (10) (bn) 2. of the statutes is created to read:

AB105-AA1,2,13 79.10 (10) (bn) 2. A person who is eligible for a credit under subd. 1. but whose property tax bill does not reflect the credit may claim the credit by applying to the treasurer of the taxation district in which the property is located for the credit by January 31 following the issuance of the person's property tax bill. Claims made after January 31, but no later than October 1 following the issuance of the person's property tax bill, shall be made to the department of revenue. Paragraph (bm), as it applies to processing claims made under that paragraph, applies to processing claims made under this subdivision, except that a claim that is made under this subdivision is valid for the year in which the person took possession of the transferred property under subd. 1.".

AB105-AA1,2,14 2. Page 4, line 16: delete lines 16 to 19 and substitute:

AB105-AA1,2,18 "(1) The treatment of section 20.835 (3) (s) of the statutes, the renumbering of section 79.10 (10) (bm) and (bn) of the statutes, and the creation of section 79.10 (10) (bm) 2. and (bn) 2. of the statutes first apply to credits based on the property tax assessments as of January 1, 2001.".

AB105-AA1,2,19 (End)