Wisconsin Legislature: Amendment SA1-SSA2-SB261

LRBa1801/1

JK:wlj:rs

2003 - 2004 LEGISLATURE

SENATE AMENDMENT 1,
TO SENATE SUBSTITUTE AMENDMENT 2,
TO 2003 SENATE BILL 261

November 13, 2003 - Offered by Senator Kanavas.

SB261-SSA2-SA1,1,11 At the locations indicated, amend the substitute amendment as follows:

SB261-SSA2-SA1,1,3 21. Page 1, line 6: delete "qualified new business venture" and substitute "angel
3investment".

SB261-SSA2-SA1,1,4 42. Page 1, line 7: after "stage" insert "seed".

SB261-SSA2-SA1,1,5 53. Page 2, line 22: after " stage" insert "seed".

SB261-SSA2-SA1,1,7 64. Page 3, line 6: delete lines 6 and 7 and substitute "of those taxes, 40 percent
7of the claimant's initial".

SB261-SSA2-SA1,1,8 85. Page 3, line 8: after "paid" insert "in the taxable year".

SB261-SSA2-SA1,1,10 96. Page 4, line 1: delete " Qualified new business venture" and substitute
10"Angel investment".

SB261-SSA2-SA1,2,2

17. Page 4, line 4: delete "by the department" and substitute "under s. 560.205
2(3) (d)".

SB261-SSA2-SA1,2,3 38. Page 6, line 1: after "stage" insert "seed".

SB261-SSA2-SA1,2,5 49. Page 6, line 3: delete "Qualified new business venture" and substitute
5"Angel investment".

SB261-SSA2-SA1,2,6 610. Page 6, line 25: after " stage" insert "seed".

SB261-SSA2-SA1,2,8 711. Page 7, line 7: delete lines 7 and 8 and substitute "taxes, 40 percent of the
8claimant's initial investment".

SB261-SSA2-SA1,2,9 912. Page 7, line 9: after "paid" insert "in the taxable year".

SB261-SSA2-SA1,2,10 1013. Page 8, line 1: after "stage" insert "seed".

SB261-SSA2-SA1,2,11 1114. Page 8, line 14: after " stage" insert "seed".

SB261-SSA2-SA1,2,13 1215. Page 8, line 21: delete lines 21 and 22 and substitute: "taxes, 40 percent
13of the claimant's initial investment".

SB261-SSA2-SA1,2,14 1416. Page 8, line 23: after "paid" insert "in the taxable year".

SB261-SSA2-SA1,2,15 1517. Page 9, line 16: after "stage" insert "seed".

SB261-SSA2-SA1,2,16 1618. Page 11, line 1: delete lines 1 to 5.

SB261-SSA2-SA1,2,18 1719. Page 12, line 20: after "section." insert "The rules shall further define
18"bona fide angel investment" for purposes of s. 71.07 (5d) (a) 1.".

SB261-SSA2-SA1,2,19 1920. Page 12, line 23: after "on" insert "or after".

SB261-SSA2-SA1,2,21 2021. Page 12, line 23: delete "January 1, 2007" and substitute "before January
211, 2008".

SB261-SSA2-SA1,3,3

122. Page 12, line 25: after "2016." insert "The rules shall contain a method for
2ensuring that the limit on tax credits specified in ss. 71.07 (5b) (c) 1., 71.28 (5b) (c)
31., and 71.47 (5b) (c) 1. is not exceeded.".

SB261-SSA2-SA1,3,4 423. Page 13, line 1: delete "the".

SB261-SSA2-SA1,3,5 524. Page 13, line 2: delete "under s. 71.07 (5d)".

SB261-SSA2-SA1,3,66 (End)