SB55-ASA1-AA128,2,174
77.76
(3m) From the appropriation under s. 20.835 (4) (gb) the department, for
5the first 2 years of collection, shall distribute 97% of the taxes reported for each local
6professional baseball park district that has imposed taxes under this subchapter,
7minus the district portion of the retailers' discounts, to the local professional baseball
8park district no later than the end of the 3rd month following the end of the calendar
9quarter in which such amounts were reported. From the appropriation under s.
1020.835 (4) (gb) the department, after the first 2 years of collection, shall distribute
1198.5% of the taxes reported for each local professional baseball park district that has
12imposed taxes under this subchapter, minus the district portion of the retailers'
1discount, to the local professional baseball park district no later than the end of the
23rd month following the end of the calendar quarter in which such amounts were
3reported. At the time of distribution the department shall indicate the taxes reported
4by each taxpayer. In this subsection, the " district portion of the retailers' discount"
5is the amount determined by multiplying the total retailers' discount by a fraction
6the numerator of which is the gross local professional baseball park district sales and
7use taxes payable and the denominator of which is the sum of the gross state and local
8professional baseball park district sales and use taxes payable. The local
9professional baseball park district taxes distributed shall be increased or decreased
10to reflect subsequent refunds, audit adjustments and all other adjustments of the
11local professional baseball park district taxes previously distributed. Interest paid
12on refunds of local professional baseball park district sales and use taxes shall be
13paid from the appropriation under s. 20.835 (4) (gb) at the rate paid by this state
14under s. 77.60 (1) (a). Any local professional baseball park district receiving a report
15under this subsection is subject to the duties of confidentiality to which the
16department of revenue is subject under s. 77.61 (5).
This subsection does not apply
17after the effective date of this subsection .... [revisor inserts date].".
SB55-ASA1-AA128,2,2421
121.08
(4) (b) (intro.) The amount of state aid that the school district operating
22under ch. 119 is eligible to be paid from the appropriation under s. 20.255 (2) (ac) shall
23also be reduced by 50% of the
amounts paid under s. 119.23 (4) and (4m) in the
24current school year. amount calculated as follows:
SB55-ASA1-AA128,3,32
121.08
(4) (b) 1. Determine the amounts paid under s. 119.23 (4) and (4m) in
3the current fiscal year.
SB55-ASA1-AA128,3,64
2. Subtract from the result obtained under subd. 1. the amount of taxes
5collected under s. 77.705 in the current fiscal year, as estimated by the department
6of revenue.
SB55-ASA1-AA128,3,118
121.08
(4) (c) 1. Add the amounts paid under s. 119.23 (4) and (4m) in the
9current school year
, subtract from the sum the amount of taxes collected under s.
1077.705 in the current fiscal year, as estimated by the department of revenue, and
11divide the
sum remainder by 2.".
SB55-ASA1-AA128,3,2014
229.75
(3) Bonds issued by the district shall be secured only by the district's
15interest in any baseball park facilities, including any interest in a lease with the
16department of administration under s. 16.82 (7); by income from these facilities;
and 17by proceeds of bonds issued by the district and other amounts placed in a special
18redemption fund and investment earnings on such amounts
; and by the taxes
19imposed by the district under subch. V of ch. 77. The district may not pledge its full
20faith and credit on the bonds and the bonds are not a liability of the district.".
