LRBa0511/1
JK:kjf&cjs:rs
2011 - 2012 LEGISLATURE
ASSEMBLY AMENDMENT 3,
TO 2011 ASSEMBLY BILL 5
February 9, 2011 - Offered by Representative Molepske Jr.
AB5-AA3,1,3
3"
Section 3d. 71.07 (3n) (b) 3. of the statutes is created to read:
AB5-AA3,1,134
71.07
(3n) (b) 3. Subject to the limitations provided in this subsection, for
5taxable years that begin after December 31, 2010, and before January 1, 2017, a
6claimant may claim as a credit against the tax imposed under ss. 71.02 and 71.08 an
7amount equal to 10 percent of the amount the claimant paid in the taxable year to
8acquire new irrigation equipment for crop farming, if acquired and placed in service
9in this state during taxable years that begin after December 31, 2010, and before
10January 1, 2017, and if such equipment is used for crop farming to the exclusion of
11all other uses except for use not exceeding 5 percent of total use, except that the
12claimant may claim 20 percent of such amounts for equipment that is placed in
13service before December 31, 2012.".
AB5-AA3,2,2
2"
Section 6d. 71.28 (3n) (b) 3. of the statutes is created to read:
AB5-AA3,2,123
71.28
(3n) (b) 3. Subject to the limitations provided in this subsection, for
4taxable years that begin after December 31, 2010, and before January 1, 2017, a
5claimant may claim as a credit against the tax imposed under s. 71.23 an amount
6equal to 10 percent of the amount the claimant paid in the taxable year to acquire
7new irrigation equipment for crop farming, if acquired and placed in service in this
8state during taxable years that begin after December 31, 2010, and before January
91, 2017, and if such equipment is used for crop farming to the exclusion of all other
10uses except for use not exceeding 5 percent of total use, except that the claimant may
11claim 20 percent of such amounts for equipment that is placed in service before
12December 31, 2012.".
AB5-AA3,2,14
14"
Section 9d. 71.47 (3n) (b) 3. of the statutes is created to read:
AB5-AA3,3,215
71.47
(3n) (b) 3. Subject to the limitations provided in this subsection, for
16taxable years that begin after December 31, 2010, and before January 1, 2017, a
17claimant may claim as a credit against the tax imposed under s. 71.43 an amount
18equal to 10 percent of the amount the claimant paid in the taxable year to acquire
19new irrigation equipment for crop farming, if acquired and placed in service in this
20state during taxable years that begin after December 31, 2010, and before January
211, 2017, and if such equipment is used for crop farming to the exclusion of all other
22uses except for use not exceeding 5 percent of total use, except that the claimant may
1claim 20 percent of such amounts for equipment that is placed in service before
2December 31, 2012.".
