Amendment AA1-AB1

LRBa0305/3

JK:jld:md

2011 - 2012 LEGISLATURE

ASSEMBLY AMENDMENT 1, TO 2011 ASSEMBLY BILL 1

January 26, 2011 - Offered by Representative Williams.

AB1-AA1,1,1 At the locations indicated, amend the bill as follows:

AB1-AA1,1,2 1. Page 1, line 3: before that line insert:

AB1-AA1,1,4 " Section 1b. 20.835 (2) (bb) of the statutes, as created by 2009 Wisconsin Act 28, is amended to read:

AB1-AA1,1,7 20.835 (2) (bb) Jobs tax credit. The amounts in the schedule For taxable years beginning on or after January 1, 2011, a sum sufficient to make the payments under ss. 71.07 (3q) (d) 2., 71.28 (3q) (d) 2., and 71.47 (3q) (d) 2.".

AB1-AA1,1,8 2. Page 1, line 3: delete " Section 1" and substitute "Section 1m".

AB1-AA1,1,10 3. Page 2, line 5: delete " January 1, 2012 June 30, 2011" and substitute "January 1, 2012 2011".

AB1-AA1,1,11 4. Page 2, line 6: delete " July" and substitute "January".

AB1-AA1,2,2 5. Page 2, line 14: delete " January 1, 2012 June 30, 2011" and substitute "January 1, 2012 2011".

AB1-AA1,2,3 6. Page 2, line 15: delete " July" and substitute "January".

AB1-AA1,2,5 7. Page 2, line 23: delete " January 1, 2012 June 30, 2011" and substitute "January 1, 2012 2011".

AB1-AA1,2,6 8. Page 2, line 24: delete " July" and substitute "January".

AB1-AA1,2,7 9. Page 2, line 24: after that line insert:

AB1-AA1,2,8 " Section 3m. 560.2055 (4) (c) of the statutes is amended to read:

AB1-AA1,2,13 560.2055 (4) (c) Subject to a reallocation by the department pursuant to rules promulgated under s. 560.205 (3) (d), the department may allocate up to $5,000,000 in tax benefits under this section in any calendar year, except that beginning on July 1, 2011, the department may allocate up to $10,000,000 in tax benefits under this section in any calendar year.

AB1-AA1, s. 3r Section 3r. 2009 Wisconsin Act 28, section 9443 (11) is repealed.".

AB1-AA1,2,15 (End)