Amendment SA7-SSA1-SB197

LRBa0743/1

JK:wlj:rs

2003 - 2004 LEGISLATURE

SENATE AMENDMENT 7, TO SENATE SUBSTITUTE AMENDMENT 1, TO 2003 SENATE BILL 197

June 24, 2003 - Offered by Senators Robson and Erpenbach.

SB197-SSA1-SA7,1,1 At the locations indicated, amend the substitute amendment as follows:

SB197-SSA1-SA7,1,2 1. Page 3, line 20: after that line insert:

SB197-SSA1-SA7,1,3 " Section 6m. 71.04 (4) (f) of the statutes is created to read:

SB197-SSA1-SA7,1,9 71.04 (4) (f) For taxable years beginning after December 31, 2005, if, in any taxable year, the employees of a taxpayer whose remaining net income is apportioned as provided under pars. (b) to (d) participate in a strike against the taxpayer, the taxpayer shall apportion its remaining net income as provided under par. (a) for that taxable year. In this paragraph, "strike" has the meaning provided in 29 USC 142 (2).".

SB197-SSA1-SA7,1,10 2. Page 8, line 25: after that line insert:

SB197-SSA1-SA7,1,11 " Section 19m. 71.25 (6) (f) of the statutes is created to read:

SB197-SSA1-SA7,2,6 71.25 (6) (f) For taxable years beginning after December 31, 2005, if, in any taxable year, the employees of a taxpayer whose remaining net income is apportioned as provided under pars. (b) to (d) participate in a strike against the taxpayer, the taxpayer shall apportion its remaining net income as provided under par. (a) for that taxable year. In this paragraph, "strike" has the meaning provided in 29 USC 142 (2).".

SB197-SSA1-SA7,2,7 3. Page 14, line 13: after that line insert:

SB197-SSA1-SA7,2,12 "(d) For taxable years beginning after December 31, 2005, if, in any taxable year, the employees of a taxpayer whose net income is apportioned as provided under pars. (a) to (c) participate in a strike against the taxpayer, the taxpayer shall apportion its net income as provided under sub. (3) for that taxable year. In this paragraph, "strike" has the meaning provided in 29 USC 142 (2).".

SB197-SSA1-SA7,2,13 (End)