Amendment JR4 ASA5-AB1

ASSEMBLY SUBSTITUTE AMENDMENT 5, TO 2013 ASSEMBLY BILL 1

February 11, 2014 - Offered by Representative Hulsey.

AB1-ASA5,1,8 An Act to repeal 71.07 (5f) (d) 3., 71.07 (5h) (d) 3., 71.28 (5f) (d) 3., 71.28 (5h) (d) 3., 71.47 (5f) (d) 3. and 71.47 (5h) (d) 3.; and to amend 71.07 (5f) (c) 1., 71.07 (5f) (c) 5., 71.07 (5h) (c) 4m., 71.28 (5f) (c) 1., 71.28 (5f) (c) 5., 71.28 (5h) (c) 4m., 71.47 (5f) (c) 1., 71.47 (5f) (c) 5., 71.47 (5h) (c) 4m. and 79.15 of the statutes; relating to: increasing funding for the arts and tourism marketing expenses related to bicycling; increasing the first dollar property tax credit; restoring and increasing the film production credit; transfers to the budget stabilization fund; and providing penalties.

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

AB1-ASA5,1 Section 1. 71.07 (5f) (c) 1. of the statutes is amended to read:

AB1-ASA5,1,12 71.07 (5f) (c) 1. A claimant may not claim a credit under this subsection if less than 35 10 percent of the total budget for the accredited production is spent in this state.

AB1-ASA5,2 Section 2. 71.07 (5f) (c) 5. of the statutes is amended to read:

AB1-ASA5,2,4 71.07 (5f) (c) 5. The maximum amount of the credits that may be claimed under this subsection and sub. (5h) and ss. 71.28 (5f) and (5h) and 71.47 (5f) and (5h) in fiscal year is $ 500,000 $5,000,000.

AB1-ASA5,3 Section 3. 71.07 (5f) (d) 3. of the statutes, as created by 2013 Wisconsin Act 20, is repealed.

AB1-ASA5,4 Section 4. 71.07 (5h) (c) 4m. of the statutes is amended to read:

AB1-ASA5,2,10 71.07 (5h) (c) 4m. The maximum amount of the credits that may be claimed under this subsection and sub. (5f) and ss. 71.28 (5f) and (5h) and 71.47 (5f) and (5h) in fiscal year is $500,000 $5,000,000.

AB1-ASA5,5 Section 5. 71.07 (5h) (d) 3. of the statutes, as created by 2013 Wisconsin Act 20, is repealed.

AB1-ASA5,6 Section 6. 71.28 (5f) (c) 1. of the statutes is amended to read:

AB1-ASA5,2,16 71.28 (5f) (c) 1. A claimant may not claim a credit under this subsection if less than 35 10 percent of the total budget for the accredited production is spent in this state.

AB1-ASA5,7 Section 7. 71.28 (5f) (c) 5. of the statutes is amended to read:

AB1-ASA5,2,20 71.28 (5f) (c) 5. The maximum amount of the credits that may be claimed under this subsection and sub. (5h) and ss. 71.07 (5f) and (5h) and 71.47 (5f) and (5h) in fiscal year is $500,000 $5,000,000.

AB1-ASA5,8 Section 8. 71.28 (5f) (d) 3. of the statutes, as created by 2013 Wisconsin Act 20, is repealed.

AB1-ASA5,9 Section 9. 71.28 (5h) (c) 4m. of the statutes is amended to read:

AB1-ASA5,3,3 71.28 (5h) (c) 4m. The maximum amount of the credits that may be claimed under this subsection and sub. (5f) and ss. 71.07 (5f) and (5h) and 71.47 (5f) and (5h) in fiscal year is $500,000 $5,000,000.

AB1-ASA5,10 Section 10. 71.28 (5h) (d) 3. of the statutes, as created by 2013 Wisconsin Act 20, is repealed.

AB1-ASA5,11 Section 11. 71.47 (5f) (c) 1. of the statutes is amended to read:

AB1-ASA5,3,9 71.47 (5f) (c) 1. A claimant may not claim a credit under this subsection if less than 35 10 percent of the total budget for the accredited production is spent in this state.

AB1-ASA5,12 Section 12. 71.47 (5f) (c) 5. of the statutes is amended to read:

AB1-ASA5,3,13 71.47 (5f) (c) 5. The maximum amount of the credits that may be claimed under this subsection and sub. (5h) and ss. 71.07 (5f) and (5h) and 71.28 (5f) and (5h) in fiscal year is $ 500,000 $5,000,000.

AB1-ASA5,13 Section 13. 71.47 (5f) (d) 3. of the statutes, as created by 2013 Wisconsin Act 20, is repealed.

AB1-ASA5,14 Section 14. 71.47 (5h) (c) 4m. of the statutes is amended to read:

AB1-ASA5,3,19 71.47 (5h) (c) 4m. The maximum amount of the credits that may be claimed under this subsection and sub. (5f) and ss. 71.07 (5f) and (5h) and 71.28 (5f) and (5h) in fiscal year is $500,000 $5,000,000.

AB1-ASA5,15 Section 15. 71.47 (5h) (d) 3. of the statutes, as created by 2013 Wisconsin Act 20, is repealed.

AB1-ASA5,16 Section 16. 79.15 of the statutes is amended to read:

AB1-ASA5,4,2 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 $700,000,000 in 2015 and in each year thereafter.

AB1-ASA5,9201 Section 9201. Fiscal changes; Administration.

AB1-ASA5,4,10 (1) 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 $334,000,000 shall be transferred from the general fund to the budget stabilization fund during the 2013-14 fiscal year and an amount equal to $0 shall be transferred from the general fund to the budget stabilization fund during the 2014-15 fiscal year.

AB1-ASA5,9244 Section 9244. Fiscal changes; Tourism.

AB1-ASA5,4,16 (1) State aid for the arts. In the schedule under section 20.005 (3) of the statutes for the appropriation to the department of tourism under section 20.380 (3) (b) of the statutes, as affected by the acts of 2013, the dollar amount is increased by $5,000,000 for the second fiscal year of the fiscal biennium in which this subsection takes effect for the purposes for which the appropriation is made.

AB1-ASA5,4,22 (2) Tourism marketing; bicycling. In the schedule under section 20.005 (3) of the statutes for the appropriation to the department of tourism under section 20.380 (1) (b) of the statutes, as affected by the acts of 2013, the dollar amount is increased by $10,000,000 for the second fiscal year of the fiscal biennium in which this subsection takes effect for tourism marketing service expenses related to marketing bicycling in this state.

AB1-ASA5,9337 Section 9337. Initial applicability; Revenue.

AB1-ASA5,5,2 (1) Film production credits. The treatment of sections 71.07 (5f) (c) 1. and 5. and (d) 3. and (5h) (c) 4m. and (d) 3., 71.28 (5f) (c) 1. and 5. and (d) 3. and (5h) (c) 4m. and (d) 3., and 71.47 (5f) (c) 1. and 5. and (d) 3. and (5h) (c) 4m. and (d) 3. of the statutes first applies to taxable years beginning on January 1, 2014.

AB1-ASA5,5,3 (End)