Amendment SA81-SSA1-SB44

LRBb0632/1

JK:cjs:pg

2003 - 2004 LEGISLATURE

SENATE AMENDMENT 81, TO SENATE SUBSTITUTE AMENDMENT 1, TO 2003 SENATE BILL 44

June 18, 2003 - Offered by Senator Carpenter.

SB44-SSA1-SA81,1,1 At the locations indicated, amend the substitute amendment as follows:

SB44-SSA1-SA81,1,2 1. Page 262, line 3: after that line insert: - See PDF for table

SB44-SSA1-SA81,1,3 2. Page 362, line 19: after that line insert:

SB44-SSA1-SA81,1,4 " Section 667m. 20.835 (2) (fm) of the statutes is created to read:

SB44-SSA1-SA81,1,7 20.835 (2) (fm) Sales and use tax revenues; property tax relief. A sum sufficient equal to the amount determined under s. 77.565 to make payments for property tax relief.".

SB44-SSA1-SA81,1,8 3. Page 693, line 17: after that line insert:

SB44-SSA1-SA81,1,9 " Section 1647n. 77.54 of the statutes is repealed.

SB44-SSA1-SA81, s. 1647ne Section 1647ne. 77.55 of the statutes is repealed.

SB44-SSA1-SA81, s. 1647nf Section 1647nf. 77.56 of the statutes is repealed.

SB44-SSA1-SA81, s. 1647ng Section 1647ng. 77.565 of the statutes is created to read:

SB44-SSA1-SA81,2,7 77.565 Property tax relief. Any increase in sales and use tax revenues collected under this subchapter that results from the repeal, by 2003 Wisconsin Act .... (this act), sections 1647n, 1647ne, and 1647nf, of the exemptions under ss. 77.54, 2001 stats., 77.55, 2001 stats., and 77.56, 2001 stats., shall be used to provide property tax relief.".

SB44-SSA1-SA81,2,8 4. Page 1150, line 13: after that line insert:

SB44-SSA1-SA81,2,10 "(3s) Repealing sales tax and use tax exemptions. The treatment of sections 20.835 (2) (fm), 77.54, 77.55, and 77.56 of the statutes takes effect on July 1, 2005.".

SB44-SSA1-SA81,2,11 (End)