Amendment JR4 ASA1-AB1

LRBs0286/1

PG&JK:all:rs

January 2014 Special Session

2013 - 2014 LEGISLATURE

ASSEMBLY SUBSTITUTE AMENDMENT 1, TO 2013 ASSEMBLY BILL 1

February 11, 2014 - Offered by Representative Hulsey.

AB1-ASA1,1,3 An Act to amend 79.15 of the statutes; relating to: the first dollar property tax credit, general equalization aid to school districts, the budget stabilization aid, and making an appropriation.

The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:

AB1-ASA1,1 Section 1. 79.15 of the statutes is amended to read:

AB1-ASA1,1,9 79.15 Improvements credit. The total amount paid each year to municipalities from the appropriation account under s. 20.835 (3) (b) for the payments under s. 79.10 (5m) is $75,000,000 in 2009, $145,000,000 in 2010, and $150,000,000 in each year beginning in 2011 and ending in 2014, and $567,000,000 in 2015 and in each year thereafter.

AB1-ASA1,9201 Section 9201. Fiscal changes; Administration.

AB1-ASA1,2,3 (1c) Transfer to budget stabilization fund. Notwithstanding the amounts that are required to be transferred from the general fund to the budget stabilization fund during the 2013-15 fiscal biennium under section 16.518 (3) of the statutes, an amount equal to $119,000,000 shall be transferred from the general fund to the budget stabilization fund during the 2013-14 fiscal year.

AB1-ASA1,9234 Section 9234. 1Fiscal changes; Public Instruction.

AB1-ASA1,2,10 (1x) Additional equalization aid. In the schedule under section 20.005 (3) of the statutes for the appropriation to the department of public instruction under section 20.255 (2) (ac) of the statutes, as affected by the acts of 2013, the dollar amount is increased by $375,000,000 for the second fiscal year of the fiscal biennium in which this subsection takes effect for the purpose for which the appropriation is made.

AB1-ASA1,2,11 (End)