Amendment AA1-AB89

LRBa0420/1

JK:wlj:cph

2003 - 2004 LEGISLATURE

ASSEMBLY AMENDMENT 1, TO 2003 ASSEMBLY BILL 89

April 16, 2003 - Offered by Committee on Ways and Means.

AB89-AA1,1,1 At the locations indicated, amend the bill as follows:

AB89-AA1,1,3 1. Page 3, line 8: delete "A municipality" and substitute "Except as provided in par. (bn), a municipality".

AB89-AA1,1,4 2. Page 3, line 17: after that line insert:

AB89-AA1,1,5 " Section 3m. 70.511 (2) (bn) of the statutes is created to read:

AB89-AA1,1,10 70.511 (2) (bn) A municipality that does not satisfy the conditions for paying installments under par. (bm), may pay a refund under par. (b) of the taxes on property that is assessed under s. 70.995 in 5 annual installments, as provided in par. (bm) (intro.), if the municipality is required to pay 3 or more refunds under par. (b) in the same calendar year and if each such refund exceeds $10,000.".

AB89-AA1,1,11 3. Page 3, line 21: after "(bm)" insert "or (bn)".

AB89-AA1,1,12 4. Page 4, line 4: delete " par. (cm)" and substitute "pars. (cm) and (cn)".

AB89-AA1,2,2 5. Page 4, line 7: delete "A municipality" and substitute "Except as provided in par. (cn), a municipality".

AB89-AA1,2,3 6. Page 4, line 16: after that line insert:

AB89-AA1,2,4 " Section 6m. 74.35 (3) (cn) of the statutes is created to read:

AB89-AA1,2,9 74.35 (3) (cn) A municipality that does not satisfy the conditions for paying installments under par. (cm), may pay a refund under par. (c) of the taxes on property that is assessed under s. 70.995 in 5 annual installments, as provided in par. (cm) (intro.), if the municipality is required to pay 3 or more refunds under par. (c) in the same calendar year and if each such refund exceeds $10,000.".

AB89-AA1,2,10 7. Page 4, line 22: delete " par. (cm)" and substitute "pars. (cm) and (cn)".

AB89-AA1,2,12 8. Page 5, line 1: delete "A municipality" and substitute "Except as provided in par. (cn), a municipality".

AB89-AA1,2,13 9. Page 5, line 10: after that line insert:

AB89-AA1,2,14 " Section 8m. 74.37 (3) (cn) of the statutes is created to read:

AB89-AA1,2,19 74.37 (3) (cn) A municipality that does not satisfy the conditions for paying installments under par. (cm), may pay a refund under par. (c) of the taxes on property that is assessed under s. 70.995 in 5 annual installments, as provided in par. (cm) (intro.), if the municipality is required to pay 3 or more refunds under par. (c) in the same calendar year and if each such refund exceeds $10,000.".

AB89-AA1,2,20 10. Page 5, line 12: after "(bm)," insert "(bn),".

AB89-AA1,2,22 11. Page 5, line 13: delete that line and substitute "(c), (cm), and (cn), and 74.37 (3) (c), (cm), and (cn) of the statutes first applies to refunds of taxes".

AB89-AA1,2,23 (End)