Amendment SA50-AB100

AB100-SA50,18,23 2. For a claimant who is a nonresident or part-year resident of this state and who is a single person, multiply the credit for which the claimant is eligible under par. (b) by a fraction, the numerator of which is the individual's Wisconsin adjusted gross income and the denominator of which is the individual's federal adjusted gross income. If a claimant is married and files a joint return, and if the claimant or the claimant's spouse, or both, are nonresidents or part-year residents of this state, multiply the credit for which the claimant is eligible under par. (b) by a fraction, the numerator of which is the couple's joint Wisconsin adjusted gross income and the denominator of which is the couple's joint federal adjusted gross income.

AB100-SA50,19,3 3. The provisions contained in section 23 of the Internal Revenue Code, to the extent that they apply to the credit under that section, apply to the credit under this subsection, unless this subsection explicitly provides otherwise.

AB100-SA50,19,5 (d) Administration. Subsection (9e) (d), to the extent that it applies to the credit under that subsection, applies to the credit under this subsection.

AB100-SA50,19,11 (e) Carry-forward. If a credit computed under this subsection is not entirely offset against Wisconsin income taxes otherwise due, the unused balance may be carried forward and credited against Wisconsin income taxes otherwise due for the following 5 taxable years to the extent not offset by these taxes otherwise due in all intervening years between the year in which the expense was incurred and the year in which the carry-forward credit is claimed.".

AB100-SA50,19,12 83. Page 582, line 17: after that line insert:

AB100-SA50,19,13 " Section 1311p. 71.07 (8r) of the statutes is created to read:

AB100-SA50,19,15 71.07 (8r) Private school and homeschool tax credit. (a) Definitions. In this subsection:

AB100-SA50,19,17 1. "Claimant" means an individual who claims a pupil as a dependent under section 151 (c) of the Internal Revenue Code on his or her tax return.

AB100-SA50,19,19 2. "Eligible institution" means a private school, as defined in s. 115.001 (3r), or a home-based private educational program, as defined in s. 115.001 (3g).

AB100-SA50,19,22 3. "Pupil" means an individual who is enrolled in kindergarten or grades one to 12 at an eligible institution and who is a dependent of the claimant under section 151 (c) of the Internal Revenue Code.

AB100-SA50,20,5 (b) Filing claims. Subject to the limitations provided in this subsection, a claimant may claim as a credit against the tax imposed under s. 71.02, for each pupil, $100. If the allowable amount of the claim exceeds the income taxes otherwise due on the claimant's income, the amount of the claim not used as an offset against those taxes shall be certified by the department of revenue to the department of administration for payment to the claimant by check, share draft, or other draft from the appropriation under s. 20.835 (2) (eo).

AB100-SA50,20,7 (c) Limitations. 1. No credit may be allowed under this subsection unless it is claimed within the time period under s. 71.75 (2).

AB100-SA50,20,9 2. Part-year residents and nonresidents of this state are not eligible for the credit under this subsection.

AB100-SA50,20,12 3. No credit may be claimed under this subsection for a pupil if the state superintendent of public instruction makes a payment to the private school on behalf of that pupil under s. 119.23.

AB100-SA50,20,14 (d) Administration. Subsection (9e) (d), to the extent that it applies to the credit under that subsection, applies to the credit under this subsection.".

AB100-SA50,20,15 84. Page 583, line 4: after "(6e)," insert "(8r),".

AB100-SA50,20,16 85. Page 583, line 9: after that line insert:

AB100-SA50,20,17 " Section 1312o. 71.10 (4) (ce) of the statutes is created to read:

AB100-SA50,20,18 71.10 (4) (ce) The adoption expenses credit under s. 71.07 (5i).".

AB100-SA50,20,20 86. Page 583, line 17: after "(6e)," insert "private school and homeschool tax credit under s. 71.07 (8r),".

AB100-SA50,20,22 87. Page 714, line 23: delete the material beginning with that line and ending on page 715, line 9.

AB100-SA50,20,23 88. Page 725, line 20: after that line insert:

AB100-SA50,21,2 "(5) A retailer who collects a fee under this subchapter shall identify the fee as a separate item on a receipt the retailer provides to a rental customer.".

AB100-SA50,21,4 89. Page 748, line 13: delete the material beginning with that line and ending with page 749, line 13.

AB100-SA50,21,5 90. Page 749, line 17: before that line insert:

AB100-SA50,21,6 " Section 1826L. 100.53 of the statutes is created to read:

AB100-SA50,21,7 100.53 Vehicle rentals; title and registration fees. (1) In this section:

AB100-SA50,21,8 (a) "Rental company" has the meaning given in s. 344.51 (1) (c).

AB100-SA50,21,10 (b) "Title or registration fee" means a fee charged by a rental company to recover the cost of registering or obtaining a certificate of title.

AB100-SA50,21,14 (2) No rental company may disseminate or make in this state an advertisement or representation that includes a statement of the rental rate for a private passenger vehicle, as defined in s. 344.57 (4), that is available for rent from a location in this state, unless one of the following applies:

AB100-SA50,21,16 (a) The statement of the rental rate includes the amount of any title or registration fee charged by the rental company.

AB100-SA50,21,20 (b) The advertisement or representation includes a statement that the customer must pay a title or registration fee, and the rental company notifies a customer of the amount of the title or registration fee before the customer enters into an agreement with the rental company.".

AB100-SA50,21,22 91. Page 768, line 16: delete ""Shared" and substitute ""Shared Subject to par. (am), "shared".

AB100-SA50,21,23 92. Page 769, line 3: after that line insert:

AB100-SA50,22,2 " Section 1897j. 121.07 (6) (am) of the statutes is repealed and recreated to read:

AB100-SA50,22,9 121.07 (6) (am) In par. (a), for the purpose of calculating state aid paid to a school district in the 2006-07 and 2007-08 school years, "shared cost" excludes any amount expended in the previous school year from the school district's fund balance to pay the school district's unfunded pension liability under the Wisconsin Retirement System or to pay debt service for debt issued to refinance the balance of the unfunded pension liability if the result of excluding such expenditures is an increase in state aid paid to the school district under s. 121.08.".

AB100-SA50,22,10 93. Page 927, line 14: after that line insert:

AB100-SA50,22,12 "(7k) Payment of required employee contributions under the Wisconsin retirement system.

AB100-SA50,22,14 (a) The definitions in section 20.001 of the statutes are applicable in this subsection.

AB100-SA50,22,20 (b) The secretary of administration shall determine for each state agency the amount that the agency is not required to spend during the period that begins on September 1, 2005, and ends on June 30, 2007, as a result of section 40.05 (1) (b) 2. of the statutes, as created by this act, and from each appropriation from which the moneys would have been expended during that period, other than appropriations of federal revenues.

AB100-SA50,23,2 (c) From each sum certain appropriation of general purpose revenue identified in paragraph (b), the secretary of administration shall lapse to the general fund the amount specified in paragraph (b) that would otherwise have been expended from each of the appropriations. After the secretary makes the lapse, each of the sum certain appropriations is decreased by the amount specified in paragraph (b) for that appropriation.

AB100-SA50,23,6 (d) For each sum sufficient appropriation of general purpose revenue identified in paragraph (b), the expenditure estimate for the appropriation during the 2005-07 fiscal biennium is reestimated to subtract the amount specified in paragraph (b) for that appropriation.

AB100-SA50,23,9 (e) Each sum certain program revenues or program revenues-service appropriations is decreased by the amount specified in paragraph (b) for that appropriation.

AB100-SA50,23,18 (f) From each appropriation of segregated fund revenues or segregated fund revenues-service identified in paragraph (b), the secretary of administration shall lapse to the underlying fund the amount specified in paragraph (b) that would otherwise have been expended from each of the appropriations. After the secretary makes the lapse, each of the sum certain segregated revenues or segregated revenues-service appropriations is decreased by the amount specified in paragraph (b) for that appropriation and the expenditure estimate for each of the appropriations that is not a sum certain appropriation is reestimated to subtract the amount specified in paragraph (b) for that appropriation.".

AB100-SA50,23,19 94. Page 1016, line 3: after that line insert:

AB100-SA50,23,21 "(5dv) Supplementation of certain appropriations and reallocation of certain appropriation reductions.

AB100-SA50,23,22 (a) In this subsection:

AB100-SA50,23,24 1. "General purpose revenue" has the meaning given for "general purpose revenues" in section 20.001 (2) (a) of the statutes.

AB100-SA50,24,2 2. "State operations" means all purposes except aids to individuals and organizations and local assistance.

AB100-SA50,24,14 (b) In addition to any other request to the joint committee on finance under section 13.10 of the statutes to supplement an appropriation or make an appropriation transfer, a state agency to which moneys are appropriated in any of the following appropriations may submit a request to supplement an appropriation, from the appropriation under section 20.865 (4) (a) of the statutes, or in the case of a sum sufficient appropriation to reestimate expenditures from the appropriation, in an amount not to exceed the amount specified for that appropriation under this paragraph in that fiscal year or, in the case of a sum certain appropriation, may submit a request to make a transfer to the appropriation in an amount not to exceed the amount specified for that appropriation under this paragraph in that fiscal year from other sum certain appropriations for state operations made to the state agency from general purpose revenue: - See PDF for table - See PDF for table

AB100-SA50,27,2 95. Page 1029, line 3: delete "budget stabilization" and substitute "taxpayer protection".

AB100-SA50,27,4 96. Page 1029, line 4: delete "budget stabilization" and substitute "taxpayer protection".

AB100-SA50,27,5 97. Page 1037, line 2: after that line insert:

AB100-SA50,27,8 "(4k) Adoption expenses credit. The treatment of sections 71.05 (6) (b) 22., 71.07 (5i), and 71.10 (4) (ce) of the statutes first applies to taxable years beginning on January 1, 2006.".

AB100-SA50,27,9 98. Page 1038, line 12: after that line insert:

AB100-SA50,28,3 "(10p) Private school and homeschool tax credit. The treatment of sections 20.835 (2) (eo), 71.07 (8r), 71.08 (1) (intro.) (as it relates to the private school and homeschool tax credit), and 71.10 (4) (i) (as it relates to the private school and homeschool tax credit) of the statutes first applies to taxable years beginning on January 1, 2006.".

AB100-SA50,28,4 99. Page 1039, line 7: delete lines 7 and 8.

AB100-SA50,28,5 100. Page 1042, line 17: delete lines 17 to 19.

AB100-SA50,28,6 101. Page 1043, line 16: after that line insert:

AB100-SA50,28,10 "(1k) Payment of required employee contributions under the Wisconsin retirement system. The renumbering and amendment of section 40.05 (1) (b) of the statutes and the creation of section 40.05 (1) (b) 2. of the statutes take effect on September 1, 2005.".

AB100-SA50,28,13 102. Page 1050, line 21: delete "Transfers to general fund. The repeal of sections 20.855 (4) (v) and" and substitute "Transfer to Medical Assistance trust fund. The repeal of sections 20.855 (4) (v),".

AB100-SA50,28,14 103. Page 1050, line 22: after "27." insert ", and 25.77 (7)".

AB100-SA50,28,15 (End)