LRBa1780/1
MES:sac:rs
2013 - 2014 LEGISLATURE
ASSEMBLY AMENDMENT 1,
TO ASSEMBLY BILL 598
February 13, 2014 - Offered by Representative Steineke.
AB598-AA1,1,11 At the locations indicated, amend the bill as follows:
AB598-AA1,1,2 21. Page 3, line 9: delete lines 9 to 15 and substitute:
AB598-AA1,1,4 3" Section 3m. 74.35 (4) of the statutes is renumbered 74.35 (4) (intro.) and
4amended to read:
AB598-AA1,1,85 74.35 (4) Interest. (intro.) The amount of a claim filed under sub. (2) or an
6action commenced under sub. (3) may include interest computed from the date of
7filing the claim against the taxation district, at the rate of 0.8% per month. the higher
8of the following rates:
AB598-AA1,3n 9Section 3n. 74.35 (4) (a) of the statutes is created to read:
AB598-AA1,1,1210 74.35 (4) (a) An interest rate that is equal to the average annual discount rate
11determined by the last auction of 6-month U.S. treasury bills that is held before the
12claim is filed under sub. (2) or the action is commenced under sub. (3).
AB598-AA1,3o 13Section 3o. 74.35 (4) (b) of the statutes is created to read:
AB598-AA1,2,2
174.35 (4) (b) The rate of interest the taxation district receives on its time
2deposits, as that term is used in s. 66.0603 (1m) (a) 1.
AB598-AA1,3p 3Section 3p. 74.37 (5) of the statutes is renumbered 74.37 (5) (intro.) and
4amended to read:
AB598-AA1,2,95 74.37 (5) Interest. (intro.) The amount of a claim filed under sub. (2) or an
6action commenced under sub. (3) may include interest at the average annual
7discount rate determined by the last auction of 6-month U.S. treasury bills before
8the objection per day
for the period of time between the time when the tax was due
9and the date that the claim was paid., at the higher of the following rates:
AB598-AA1,3q 10Section 3q. 74.37 (5) (a) of the statutes is created to read:
AB598-AA1,2,1311 74.37 (5) (a) An interest rate that is equal to the average annual discount rate
12determined by the last auction of 6-month U.S. treasury bills that is held before the
13objection is filed.
AB598-AA1,3r 14Section 3r. 74.37 (5) (b) of the statutes is created to read:
AB598-AA1,2,1615 74.37 (5) (b) The rate of interest the taxation district receives on its time
16deposits, as that term is used in s. 66.0603 (1m) (a) 1.".
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