Amendment AA3-AB413

LRBa0739/1

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2003 - 2004 LEGISLATURE

ASSEMBLY AMENDMENT 3, TO 2003 ASSEMBLY BILL 413

June 24, 2003 - Offered by Representative Berceau.

AB413-AA3,1,1 At the locations indicated, amend the bill as follows:

AB413-AA3,1,2 1. Page 4, line 15: after that line insert:

AB413-AA3,1,3 " Section 6m. 71.04 (4) (f) of the statutes is created to read:

AB413-AA3,1,9 71.04 (4) (f) For taxable years beginning after December 31, 2005, if, in any taxable year, the number of full-time employees employed by a manufacturer whose remaining net income is apportioned as provided under pars. (b) to (d) is less than 90% of the number of full-time employees employed by the manufacturer on the effective date of this paragraph .... [revisor inserts date], the manufacturer shall apportion its remaining net income as provided under par. (a) for that taxable year.".

AB413-AA3,1,10 2. Page 9, line 18: after that line insert:

AB413-AA3,1,11 " Section 19m. 71.25 (6) (f) of the statutes is created to read:

AB413-AA3,2,4 71.25 (6) (f) For taxable years beginning after December 31, 2005, if, in any taxable year, the number of full-time employees employed by a manufacturer whose remaining net income is apportioned as provided under pars. (b) to (d) is less than 90% of the number of full time-employees employed by the manufacturer on the effective date of this paragraph .... [revisor inserts date], the manufacturer shall apportion its remaining net income as provided under par. (a) for that taxable year.".

AB413-AA3,2,5 (End)