LRB-5159/2
JS:skg&mkd:ks
1995 - 1996 LEGISLATURE
February 13, 1996 - Introduced by Representatives Reynolds, Seratti, Black and
Ourada, cosponsored by Senators Decker and Breske. Referred to Committee
on Environment and Utilities.
AB880,1,4
1An Act to repeal 15.435 (2), 20.255 (2) (t), 20.370 (5) (cw), 25.17 (1) (ag), 25.28,
270.395 (1) (b) and 70.395 (1m);
to amend 70.375 (6) of the statutes; and
to
3affect 1995 Wisconsin Act 27, section
9248 (2x);
relating to: discontinuing the
4badger board and the badger fund.
Analysis by the Legislative Reference Bureau
Under current law, some of the mining tax revenue is deposited in the badger
fund and then expended for school aids and certain recreational purposes. The
badger board administers the fund. However, on June 30, 1997, the balance in the
badger fund lapses to the general fund. Under this bill, that lapse is to the
investment and local impact fund and occurs on July 1, 1996, or on the effective date
of this bill, whichever is later. The bill also discontinues the badger fund and the
badger board.
For further information see the state and local fiscal estimate, which will be
printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB880, s. 2
7Section
2. 20.255 (2) (t) of the statutes is repealed.
AB880, s. 4
1Section
4. 25.17 (1) (ag) of the statutes is repealed.
AB880, s. 5
2Section
5. 25.28 of the statutes is repealed.
AB880, s. 6
3Section
6. 70.375 (6) of the statutes is amended to read:
AB880,2,144
70.375
(6) Indexing. For calendar year 1983 and corresponding fiscal years and
5thereafter, the The dollar amounts in sub. (5) and s. 70.395 (1)
, (1m) and (2) (d) 1m.
6and 5. a. and (2) (dg) shall be changed to reflect the percentage change between the
7gross national product deflator for June of the current year and the gross national
8product deflator for June of the previous year, as determined by the U.S. department
9of commerce as of December 30 of the year for which the taxes are due, except that
10no annual increase may be more than 10%. The revised amounts shall be rounded
11to the nearest whole number divisible by 100 and shall not be reduced below the
12amounts under sub. (5) on November 28, 1981. Annually, the department shall adopt
13any changes in dollar amounts required under this subsection and incorporate them
14into the appropriate tax forms.
AB880, s. 7
15Section
7. 70.395 (1) (b) of the statutes is repealed.
AB880, s. 8
16Section
8. 70.395 (1m) of the statutes is repealed.
AB880, s. 10
18Section
10.
Nonstatutory provisions; revenue.
AB880,2,21
19(1)
Badger fund lapse. On the effective date of this subsection, there is
20transferred to the fund under section 70.395 (2) of the statutes the balance in the
21fund under section 25.28 of the statutes.
AB880,2,24
23(1)
This act takes effect on July 1, 1996, or on the day after publication,
24whichever is later.