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2017 - 2018 LEGISLATURE
SENATE AMENDMENT 3,
TO SENATE BILL 706
February 16, 2018 - Offered by Senator Testin.
SB706-SA3,1,11 At the locations indicated, amend the bill as follows:
SB706-SA3,1,2 21. Page 3, line 11: after “71.02" insert “or 71.08".
SB706-SA3,1,3 32. Page 4, line 21: after that line insert:
SB706-SA3,1,5 4 Section 1m. 71.08 (1) (intro.) of the statutes, as affected by 2017 Wisconsin
5Act 58
, is amended to read:
SB706-SA3,2,26 71.08 (1) Imposition. (intro.) If the tax imposed on a natural person, married
7couple filing jointly, trust, or estate under s. 71.02, not considering the credits under
8ss. 71.07 (1), (2dx), (2dy), (3m), (3n), (3p), (3q), (3r), (3rm), (3rn), (3s), (3t), (3w),
9(3wm), (3y), (4k), (5b), (5d), (5e), (5f), (5h), (5i), (5j), (5n), (6), (6e), (8b), (8r), (9e), (9m),
10and (9r), 71.28 (1dx), (1dy), (2m), (3), (3n), (3t), (3w), (3wm), and (3y), 71.47 (1dx),
11(1dy), (2m), (3), (3n), (3t), (3w), and (3y), 71.57 to 71.61, and 71.613 and subch. VIII
12and payments to other states under s. 71.07 (7), is less than the tax under this
13section, there is imposed on that natural person, married couple filing jointly, trust

1or estate, instead of the tax under s. 71.02, an alternative minimum tax computed
2as follows:”.
SB706-SA3,2,3 33. Page 4, line 22: delete “(cs)" and substitute “(fb)".
SB706-SA3,2,4 44. Page 4, line 23: delete “(cs)" and substitute “(fb)".
SB706-SA3,2,7 55. Page 13, line 11: after “credit." insert “The allocation certificate shall state
6the amount the authority determines the person is eligible to claim for each year of
7the credit period.".
SB706-SA3,2,11 86. Page 13, line 24: after “plan." insert “If practicable, the authority shall begin
9issuing allocation certificates in conjunction with the authority's implementation of
10its 2018 qualified allocation plan as if the state tax credits were included in that
11plan.".
SB706-SA3,2,17 127. Page 14, line 1: delete the material beginning with “The aggregate" and
13ending with “$42,000,000" on line 3 and substitute “In any calendar year, the
14aggregate amount of all state tax credits for which the authority certifies persons in
15allocation certificates issued under sub. (3) in that year may not exceed $42,000,000,
16including all amounts each person is eligible to claim for each year of the credit
17period”.
SB706-SA3,3,2 188. Page 15, line 3: after “section." insert “The policies and procedures
19established under this subsection shall, to the extent practicable, incorporate the
20authority's policies and procedures for awarding federal low-income housing credits
21under section 42 of the Internal Revenue Code. The authority shall issue allocation
22certificates annually, on a rolling basis, based on eligibility, as determined by the

1authority, except that the authority may develop a competitive process to award
2allocation certificates as a part of its qualified allocation plan.".
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