LRBa1202/1
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2007 - 2008 LEGISLATURE
SENATE AMENDMENT 1,
TO 2007 SENATE BILL 425
February 26, 2008 - Offered by Committee on Agriculture and Higher Education.
SB425-SA1,1,11 At the locations indicated, amend the bill as follows:
SB425-SA1,1,2 21. Page 2, line 2: after that line insert:
SB425-SA1,1,4 3" Section 1m. 71.05 (6) (a) 15. of the statutes, as affected by 2007 Wisconsin
4Act 20
, is amended to read:
SB425-SA1,1,105 71.05 (6) (a) 15. The amount of the credits computed under s. 71.07 (2dd), (2de),
6(2di), (2dj), (2dL), (2dm), (2dr), (2ds), (2dx), (3g), (3h), (3n), (3p), (3r), (3s), (3t), (3w),
7(5e), (5f), (5h), (5i), (5j), and (5k) and not passed through by a partnership, limited
8liability company, or tax-option corporation that has added that amount to the
9partnership's, company's, or tax-option corporation's income under s. 71.21 (4) or
1071.34 (1) (g).".
SB425-SA1,1,11 112. Page 4, line 16: after that line insert:
SB425-SA1,2,3
1"6. No credit may be allowed under this subsection unless the claimant submits
2with the claimant's return a copy of the claimant's credit certification and allocation
3under s. 560.208.".
SB425-SA1,2,4 43. Page 5, line 21: after that line insert:
SB425-SA1,2,6 5" Section 4m. 71.21 (4) of the statutes, as affected by 2007 Wisconsin Act 20,
6is amended to read:
SB425-SA1,2,107 71.21 (4) Credits computed by a partnership under s. 71.07 (2dd), (2de), (2di),
8(2dj), (2dL), (2dm), (2ds), (2dx), (3g), (3h), (3n), (3p), (3r), (3s), (3t), (3w), (5e), (5f), (5g),
9(5h), (5i), (5j), and (5k) and passed through to partners shall be added to the
10partnership's income.".
SB425-SA1,2,11 114. Page 8, line 9: after that line insert:
SB425-SA1,2,14 12"6. No credit may be allowed under this subsection unless the claimant submits
13with the claimant's return a copy of the claimant's credit certification and allocation
14under s. 560.208.".
SB425-SA1,2,15 155. Page 8, line 24: after that line insert:
SB425-SA1,2,17 16" Section 6d. 71.34 (1) (g) of the statutes, as affected by 2007 Wisconsin Act 20,
17is amended to read:
SB425-SA1,2,2118 71.34 (1) (g) An addition shall be made for credits computed by a tax-option
19corporation under s. 71.28 (1dd), (1de), (1di), (1dj), (1dL), (1dm), (1ds), (1dx), (3), (3g),
20(3h), (3n), (3p), (3r), (3t), (3w), (5e), (5f), (5g), (5h), (5i), (5j), and (5k) and passed
21through to shareholders.
SB425-SA1, s. 6h 22Section 6h. 71.45 (2) (a) 10. of the statutes, as affected by 2007 Wisconsin Act
2320
, is amended to read:
SB425-SA1,3,6
171.45 (2) (a) 10. By adding to federal taxable income the amount of credit
2computed under s. 71.47 (1dd) to (1dx), (3h), (3n), (3p), (3r), (3w), (5e), (5f), (5g), (5h),
3(5i), (5j), and (5k) and not passed through by a partnership, limited liability company,
4or tax-option corporation that has added that amount to the partnership's, limited
5liability company's, or tax-option corporation's income under s. 71.21 (4) or 71.34 (1)
6(g) and the amount of credit computed under s. 71.47 (1), (3), (3t), (4), and (5).".
SB425-SA1,3,7 76. Page 11, line 11: after that line insert:
SB425-SA1,3,10 8"6. No credit may be allowed under this subsection unless the claimant submits
9with the claimant's return a copy of the claimant's credit certification and allocation
10under s. 560.208.".
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