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2001 - 2002 LEGISLATURE
ASSEMBLY AMENDMENT 11,
TO 2001 ASSEMBLY BILL 579
October 30, 2001 - Offered by Representatives Grothman and Ziegelbauer.
AB579-AA11,1,11 At the locations indicated, amend the bill as follows:
AB579-AA11,1,3 21. Page 1, line 5: after "limitations," insert "qualified distributions of certified
3capital companies,".
AB579-AA11,1,4 42. Page 3, line 1: before that line insert:
AB579-AA11,1,5 5" Section 1f. 560.30 (10) (a) of the statutes is amended to read:
AB579-AA11,1,86 560.30 (10) (a) The costs of forming, and syndicating, managing or operating
7the certified capital company, not to exceed 5% of the certified capital company's total
8certified capital
.
AB579-AA11, s. 1h 9Section 1h. 560.30 (10) (c) of the statutes is amended to read:
AB579-AA11,1,1210 560.30 (10) (c) Reasonable and necessary fees paid for professional services
11related to the operation of the certified capital company, not to exceed 5% of the
12certified capital company's total certified capital unless approved by the department
.
AB579-AA11, s. 1j 13Section 1j. 560.30 (10) (d) of the statutes is amended to read:
AB579-AA11,2,4
1560.30 (10) (d) A projected increase in federal or state taxes, including
2excluding penalties and interest on those taxes, of the equity owners of the certified
3capital company if those amounts are related to the certified capital company's
4ownership, management, or operation.
AB579-AA11, s. 1m 5Section 1m. 560.30 (10) (e) of the statutes is created to read:
AB579-AA11,2,76 560.30 (10) (e) Reasonable costs associated with applying for qualified federal
7funding programs, as determined by the department.".
AB579-AA11,2,8 83. Page 3, line 1: delete " Section 1" and substitute "Section 1x".
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