SB7: Bill Text

SB7, s. 74 Section 74. 20.510 (1) (i) of the statutes is created to read:

SB7,43,15 20.510 (1) (i) Electronic filing software. All moneys received from registrants who purchase software to be utilized for electronic filing of campaign finance reports under s. 11.21 (16), for the purpose of providing that software.

SB7, s. 75 Section 75. 20.510 (1) (q) of the statutes is amended to read:

SB7,43,21 20.510 (1) (q) Wisconsin election campaign fund. As a continuing appropriation, from the Wisconsin election campaign fund, the moneys determined under s. 11.50 to provide for payments to eligible candidates whose names are certified under s. 7.08 (2) (c) and (cm) and to provide for public information as authorized under s. 11.50 (2m).

SB7, s. 76 Section 76. 20.923 (6) (h) of the statutes is amended to read:

SB7,43,25 20.923 (6) (h) Legislature: policy research personnel, assistants to legislators, research staff assigned to legislative committees and party caucuses and other persons employed under s. 13.20.

SB7, s. 77 Section 77. 25.42 of the statutes is amended to read:

SB7,44,8 25.42 Wisconsin election campaign fund. All moneys appropriated under s. ss. 20.510 (1) (d) and 20.855 (4) (b) together with all moneys deposited under ss. 8.35 (4) (a), 11.07 (5), 11.12 (2), 11.16 (2), 11.19 (1), (1m) and (6), 11.23 (2) and 11.38 (6), all moneys reverting to the state under s. 11.50 (8) and all gifts, bequests and devises received under s. 11.50 (13) constitute the Wisconsin election campaign fund, to be expended for the purposes of s. 11.50. All moneys in the fund not disbursed by the state treasurer shall continue to accumulate indefinitely.

SB7, s. 78 Section 78. 71.05 (6) (a) 20. of the statutes is created to read:

SB7,44,12 71.05 (6) (a) 20. Any amount deducted under section 162 (e) (1) of the Internal Revenue Code because of the exception contained in section 162 (e) (5) of the Internal Revenue Code.

SB7, s. 79 Section 79. 71.07 (5) (a) 8. of the statutes is created to read:

SB7,44,16 71.07 (5) (a) 8. Expenses under section 162 (e) (1) of the Internal Revenue Code that are deductible because of the exception contained in section 162 (e) (5) of the Internal Revenue Code.

SB7, s. 80 Section 80. 71.10 (3) (a) of the statutes is amended to read:

SB7,44,22 71.10 (3) (a) Every individual filing an income tax return who has a tax liability or is entitled to a tax refund may designate $1 $3 for the Wisconsin election campaign fund for the use of eligible candidates under s. 11.50. If the individuals filing a joint return have a tax liability or are entitled to a tax refund, each individual may make a designation of $1 $3 under this subsection.

SB7, s. 81 Section 81. 71.26 (1) (a) of the statutes is amended to read:

SB7,45,25 71.26 (1) (a) Certain corporations. Income of corporations organized under ch. 185, except income of a cooperative sickness care association organized under s. 185.981, or of a service insurance corporation organized under ch. 613, that is derived from a health maintenance organization as defined in s. 609.01 (2) or a limited service health organization as defined in s. 609.01 (3), or operating under subch. I of ch. 616 which are bona fide cooperatives operated without pecuniary profit to any shareholder or member, or operated on a cooperative plan pursuant to which they determine and distribute their proceeds in substantial compliance with s. 185.45, and the income, except the unrelated business taxable income as defined in section 512 of the internal revenue code and except income that is derived from a health maintenance organization as defined in s. 609.01 (2) or a limited service health organization as defined in s. 609.01 (3), of all religious, scientific, educational, benevolent or other corporations or associations of individuals not organized or conducted for pecuniary profit. In computing unrelated business taxable income for the purposes of this paragraph, the expenses that are deductible under section 162 (e) (1) of the Internal Revenue Code because of the exception contained in section 162 (e) (5) of the Internal Revenue Code may not be deducted. This paragraph does not apply to the income of savings banks, mutual loan corporations or savings and loan associations. This paragraph applies to the income of credit unions except to the income of any credit union that is derived from public deposits for any taxable year in which the credit union is approved as a public depository under ch. 34 and acts as a depository of state or local funds under s. 186.113 (20). For purposes of this paragraph, the income of a credit union that is derived from public deposits is the product of the credit union's gross annual income for the taxable year multiplied by a fraction, the numerator of which is the average monthly balance of public deposits in the credit union during the taxable year, and the denominator of which is the average monthly balance of all deposits in the credit union during the taxable year.

SB7, s. 82 Section 82. 71.26 (2) (b) 1g. of the statutes is created to read:

SB7,46,7 71.26 (2) (b) 1g. In computing the net income under this paragraph of a corporation, conduit or common law trust that qualifies as a regulated investment company, real estate mortgage investment conduit or real estate investment trust, expenses that are deductible under section 162 (e) (1) of the Internal Revenue Code because of the exception contained in section 162 (e) (5) of the Internal Revenue Code may not be deducted.

SB7, s. 83 Section 83. 71.26 (3) (e) 4. of the statutes is created to read:

SB7,46,11 71.26 (3) (e) 4. So that expenses that are deductible under section 162 (e) (1) of the Internal Revenue Code because of the exception contained in section 162 (e) (5) of the Internal Revenue Code may not be deducted.

SB7, s. 84 Section 84. 71.34 (1) (ad) of the statutes is created to read:

SB7,46,15 71.34 (1) (ad) The expenses that are deductible under section 162 (e) (1) of the Internal Revenue Code because of the exception contained in section 162 (e) (5) of the Internal Revenue Code may not be deducted.

SB7, s. 85 Section 85. 71.45 (2) (a) 15. of the statutes is created to read:

SB7,46,19 71.45 (2) (a) 15. By adding to federal taxable income the amount of any expenses that are deductible under section 162 (e) (1) of the Internal Revenue Code because of the exception contained in section 162 (e) (5) of the Internal Revenue Code.

SB7, s. 86 Section 86. 230.08 (2) (f) of the statutes is amended to read:

SB7,46,23 230.08 (2) (f) All legislative officers and, in addition, policy research personnel, assistants to legislators, research staff assigned to legislative committees and party caucuses and other persons employed under s. 13.20.

SB7, s. 87 Section 87. Nonstatutory provisions.

SB7,47,10 (1) Initial terms of office. The members of the elections board who are serving on the effective date of this subsection may continue to hold office until all members of the elections board who are initially appointed under this act are nominated by the governor and with the advice and consent of the senate appointed and qualified, at which time the members who are serving on the effective date of this subsection shall cease to hold office. Notwithstanding section 15.61 of the statutes, as affected by this act, of the members of the elections board who are initially appointed under this act, the governor shall designate 2 members to serve for terms expiring on May 1, 1999, 2 members to serve for terms expiring on May 1, 2001, and 2 members to serve for terms expiring on May 1, 2003.

SB7,47,11 (2) Elimination of partisan caucus staffs.

SB7,47,14 (a) The authorized FTE positions for the assembly, funded from the appropriation under section 20.765 (1) (a) of the statutes, are decreased by 30.0 GPR positions on July 1, 1998, to eliminate staffing of party caucuses.

SB7,47,17 (b) The authorized FTE positions for the senate, funded from the appropriation under section 20.765 (1) (b) of the statutes, are decreased by 24.0 GPR positions on July 1, 1998, to eliminate staffing of party caucuses.

SB7, s. 88 Section 88. Initial applicability.

SB7,47,20 (1) Except as provided in subsections (2) to (4 ), this act first applies to elections held on January 1, 1999.

SB7,47,23 (2) The treatment of sections 11.21 (16) and 20.510 (1) (i) of the statutes first applies with respect to campaign finance reports that are required to be filed after June 30, 1999.

SB7,48,2 (3) The treatment of sections 11.50 (2m) and (6), 71.05 (6) (a) 20., 71.07 (5) (a) 8., 71.10 (3) (a), 71.26 (1) (a), (2) (b) 1g. and (3) (e) 4., 71.34 (1) (ad) and 71.45 (2) (a) 15. of the statutes first applies to tax returns for taxable years beginning on January 1, 1998.

SB7,48,4 (4) The treatment of section 11.31 (9) of the statutes first applies to adjustment of disbursement limitations for the biennium beginning on January 1, 1999.

SB7, s. 89 Section 89. Effective dates. This act takes effect on the day after publication, except as follows:

SB7,48,8 (1) The treatment of sections 13.14 (3), 13.20 (1), 20.923 (6) (h) and 230.08 (2) (f) of the statutes takes effect on July 1, 1998.

SB7,48,10 (2) The treatment of section 20.510 (1) (d) of the statutes takes effect on January 1, 1999.

SB7,48,11 (End)