Amendment OC3 AA1-AB4

October 2013 Special Session

2013 - 2014 LEGISLATURE

ASSEMBLY AMENDMENT 1, TO 2013 ASSEMBLY BILL 4

October 17, 2013 - Offered by Representative Weininger.

AB4-AA1,1,1 At the locations indicated, amend the bill as follows:

AB4-AA1,1,2 1. Page 2, line 3: delete "2013" and substitute "2014".

AB4-AA1,1,5 2. Page 2, line 5: after " percent" insert ", for taxable years beginning before January 1, 2013, or 10 percent, for taxable years beginning after December 31, 2012, and before January 1, 2014,".

AB4-AA1,1,6 3. Page 2, line 10: delete " 2013" and substitute "2014".

AB4-AA1,1,7 4. Page 3, line 2: delete "2012" and substitute "2013".

AB4-AA1,1,8 5. Page 3, line 8: delete "2012" and substitute "2013".

AB4-AA1,1,9 6. Page 3, line 10: delete "2012" and substitute "2013".

AB4-AA1,1,10 7. Page 3, line 17: delete "2012" and substitute "2013".

AB4-AA1,2,3 8. Page 4, line 2: delete " each" and substitute "a copy of the claimant's certification under s. 238.17. For certification purposes under s. 238.17, the claimant shall provide to the Wisconsin Economic Development Corporation all".

AB4-AA1,2,4 9. Page 6, line 7: delete " 2013" and substitute "2014".

AB4-AA1,2,7 10. Page 6, line 9: after " percent" insert ", for taxable years beginning before January 1, 2013, or 10 percent, for taxable years beginning after December 31, 2012, and before January 1, 2014,".

AB4-AA1,2,8 11. Page 6, line 14: delete "2013" and substitute "2014".

AB4-AA1,2,9 12. Page 6, line 18: delete "2012" and substitute "2013".

AB4-AA1,2,10 13. Page 6, line 24: delete "2012" and substitute "2013".

AB4-AA1,2,11 14. Page 7, line 1: delete "2012" and substitute "2013".

AB4-AA1,2,12 15. Page 7, line 8: delete "2012" and substitute "2013".

AB4-AA1,2,15 16. Page 7, line 18: delete "each" and substitute "a copy of the claimant's certification under s. 238.17. For certification purposes under s. 238.17, the claimant shall provide to the Wisconsin Economic Development Corporation all".

AB4-AA1,2,16 17. Page 9, line 12: delete "2013" and substitute "2014".

AB4-AA1,2,19 18. Page 9, line 14: after " percent" insert ", for taxable years beginning before January 1, 2013, or 10 percent, for taxable years beginning after December 31, 2012, and before January 1, 2014,".

AB4-AA1,2,20 19. Page 9, line 19: delete "2013" and substitute "2014".

AB4-AA1,2,21 20. Page 9, line 23: delete "2012" and substitute "2013".

AB4-AA1,2,22 21. Page 10, line 4: delete "2012" and substitute "2013".

AB4-AA1,3,1 22. Page 10, line 6: delete "2012" and substitute "2013".

AB4-AA1,3,2 23. Page 10, line 13: delete "2012" and substitute "2013".

AB4-AA1,3,5 24. Page 10, line 22: delete "each" and substitute "a copy of the claimant's certification under s. 238.17. For certification purposes under s. 238.17, the claimant shall provide to the Wisconsin Economic Development Corporation all".

AB4-AA1,3,6 25. Page 12, line 12: after that line insert:

AB4-AA1,3,7 " Section 26m. 238.17 of the statutes is created to read:

AB4-AA1,3,18 238.17 Historic rehabilitation tax credit. For taxable years beginning after December 31, 2013, the corporation may certify a person to claim a tax credit under s. 71.07 (9m), 71.28 (6), or 71.47 (6), if the corporation determines that the person is conducting an eligible activity under s. 71.07 (9m), 71.28 (6), or 71.47 (6). No person may claim a tax credit under s. 71.07 (9m), 71.28 (6), or 71.47 (6) without first being certified under this section. The corporation shall notify the department of revenue no later than January 15 of each year of the amount of the credits certified under this section and the name, address, and tax identification number of each person certified to claim the credit. The corporation shall notify the department of revenue of any revoked certification no later than 2 months after the revocation date.".

AB4-AA1,3,24 26. Page 12, line 14: after "review." insert "No later than March 1, 2015, the Wisconsin Economic Development Corporation, in conjunction with the department of revenue and the state historical society, shall submit to the joint committee on finance a report indicating the total number and amount of the tax credits certified under sections 71.07 (9m) (a) 2m. and 3., 71.28 (6) (a) 2m. and 3., and 71.47 (6) (a) 2m. and 3. of the statutes as of the date of the report.".

AB4-AA1,4,1 27. Page 12, line 14: delete "2016" and substitute "2017".

AB4-AA1,4,2 28. Page 12, line 23: delete "2016" and substitute "2017".

AB4-AA1,4,3 29. Page 13, line 6: after that line insert:

AB4-AA1,4,4 " Section 27m. Initial applicability.

AB4-AA1,4,6 (1m) The treatment of sections 71.08 (1) (intro.) and 71.10 (4) (dm) of the statutes first applies to taxable years beginning on January 1, 2014.".

AB4-AA1,4,7 (End)