SB7, s. 74 12Section 74. 20.510 (1) (i) of the statutes is created to read:
SB7,43,1513 20.510 (1) (i) Electronic filing software. All moneys received from registrants
14who purchase software to be utilized for electronic filing of campaign finance reports
15under s. 11.21 (16), for the purpose of providing that software.
SB7, s. 75 16Section 75. 20.510 (1) (q) of the statutes is amended to read:
SB7,43,2117 20.510 (1) (q) Wisconsin election campaign fund. As a continuing
18appropriation, from the Wisconsin election campaign fund, the moneys determined
19under s. 11.50 to provide for payments to eligible candidates whose names are
20certified under s. 7.08 (2) (c) and (cm) and to provide for public information as
21authorized under s. 11.50 (2m)
.
SB7, s. 76 22Section 76. 20.923 (6) (h) of the statutes is amended to read:
SB7,43,2523 20.923 (6) (h) Legislature: policy research personnel, assistants to legislators,
24research staff assigned to legislative committees and party caucuses and other
25persons employed under s. 13.20.
SB7, s. 77
1Section 77. 25.42 of the statutes is amended to read:
SB7,44,8 225.42 Wisconsin election campaign fund. All moneys appropriated under
3s. ss. 20.510 (1) (d) and 20.855 (4) (b) together with all moneys deposited under ss.
48.35 (4) (a), 11.07 (5), 11.12 (2), 11.16 (2), 11.19 (1), (1m) and (6), 11.23 (2) and 11.38
5(6), all moneys
reverting to the state under s. 11.50 (8) and all gifts, bequests and
6devises received under s. 11.50 (13) constitute the Wisconsin election campaign fund,
7to be expended for the purposes of s. 11.50. All moneys in the fund not disbursed by
8the state treasurer shall continue to accumulate indefinitely.
SB7, s. 78 9Section 78. 71.05 (6) (a) 20. of the statutes is created to read:
SB7,44,1210 71.05 (6) (a) 20. Any amount deducted under section 162 (e) (1) of the Internal
11Revenue Code because of the exception contained in section 162 (e) (5) of the Internal
12Revenue Code.
SB7, s. 79 13Section 79. 71.07 (5) (a) 8. of the statutes is created to read:
SB7,44,1614 71.07 (5) (a) 8. Expenses under section 162 (e) (1) of the Internal Revenue Code
15that are deductible because of the exception contained in section 162 (e) (5) of the
16Internal Revenue Code.
SB7, s. 80 17Section 80. 71.10 (3) (a) of the statutes is amended to read:
SB7,44,2218 71.10 (3) (a) Every individual filing an income tax return who has a tax liability
19or is entitled to a tax refund may designate $1 $3 for the Wisconsin election campaign
20fund for the use of eligible candidates under s. 11.50. If the individuals filing a joint
21return have a tax liability or are entitled to a tax refund, each individual may make
22a designation of $1 $3 under this subsection.
SB7, s. 81 23Section 81. 71.26 (1) (a) of the statutes is amended to read:
SB7,45,2524 71.26 (1) (a) Certain corporations. Income of corporations organized under ch.
25185, except income of a cooperative sickness care association organized under s.

1185.981, or of a service insurance corporation organized under ch. 613, that is derived
2from a health maintenance organization as defined in s. 609.01 (2) or a limited
3service health organization as defined in s. 609.01 (3), or operating under subch. I
4of ch. 616 which are bona fide cooperatives operated without pecuniary profit to any
5shareholder or member, or operated on a cooperative plan pursuant to which they
6determine and distribute their proceeds in substantial compliance with s. 185.45,
7and the income, except the unrelated business taxable income as defined in section
8512 of the internal revenue code and except income that is derived from a health
9maintenance organization as defined in s. 609.01 (2) or a limited service health
10organization as defined in s. 609.01 (3), of all religious, scientific, educational,
11benevolent or other corporations or associations of individuals not organized or
12conducted for pecuniary profit. In computing unrelated business taxable income for
13the purposes of this paragraph, the expenses that are deductible under section 162
14(e) (1) of the Internal Revenue Code because of the exception contained in section 162
15(e) (5) of the Internal Revenue Code may not be deducted.
This paragraph does not
16apply to the income of savings banks, mutual loan corporations or savings and loan
17associations. This paragraph applies to the income of credit unions except to the
18income of any credit union that is derived from public deposits for any taxable year
19in which the credit union is approved as a public depository under ch. 34 and acts as
20a depository of state or local funds under s. 186.113 (20). For purposes of this
21paragraph, the income of a credit union that is derived from public deposits is the
22product of the credit union's gross annual income for the taxable year multiplied by
23a fraction, the numerator of which is the average monthly balance of public deposits
24in the credit union during the taxable year, and the denominator of which is the
25average monthly balance of all deposits in the credit union during the taxable year.
SB7, s. 82
1Section 82. 71.26 (2) (b) 1g. of the statutes is created to read:
SB7,46,72 71.26 (2) (b) 1g. In computing the net income under this paragraph of a
3corporation, conduit or common law trust that qualifies as a regulated investment
4company, real estate mortgage investment conduit or real estate investment trust,
5expenses that are deductible under section 162 (e) (1) of the Internal Revenue Code
6because of the exception contained in section 162 (e) (5) of the Internal Revenue Code
7may not be deducted.
SB7, s. 83 8Section 83. 71.26 (3) (e) 4. of the statutes is created to read:
SB7,46,119 71.26 (3) (e) 4. So that expenses that are deductible under section 162 (e) (1)
10of the Internal Revenue Code because of the exception contained in section 162 (e)
11(5) of the Internal Revenue Code may not be deducted.
SB7, s. 84 12Section 84. 71.34 (1) (ad) of the statutes is created to read:
SB7,46,1513 71.34 (1) (ad) The expenses that are deductible under section 162 (e) (1) of the
14Internal Revenue Code because of the exception contained in section 162 (e) (5) of the
15Internal Revenue Code may not be deducted.
SB7, s. 85 16Section 85. 71.45 (2) (a) 15. of the statutes is created to read:
SB7,46,1917 71.45 (2) (a) 15. By adding to federal taxable income the amount of any
18expenses that are deductible under section 162 (e) (1) of the Internal Revenue Code
19because of the exception contained in section 162 (e) (5) of the Internal Revenue Code.
SB7, s. 86 20Section 86. 230.08 (2) (f) of the statutes is amended to read:
SB7,46,2321 230.08 (2) (f) All legislative officers and, in addition, policy research personnel,
22assistants to legislators, research staff assigned to legislative committees and party
23caucuses
and other persons employed under s. 13.20.
SB7, s. 87 24Section 87. Nonstatutory provisions.
SB7,47,10
1(1) Initial terms of office. The members of the elections board who are serving
2on the effective date of this subsection may continue to hold office until all members
3of the elections board who are initially appointed under this act are nominated by the
4governor and with the advice and consent of the senate appointed and qualified, at
5which time the members who are serving on the effective date of this subsection shall
6cease to hold office. Notwithstanding section 15.61 of the statutes, as affected by this
7act, of the members of the elections board who are initially appointed under this act,
8the governor shall designate 2 members to serve for terms expiring on May 1, 1999,
92 members to serve for terms expiring on May 1, 2001, and 2 members to serve for
10terms expiring on May 1, 2003.
SB7,47,1111 (2) Elimination of partisan caucus staffs.
SB7,47,1412 (a) The authorized FTE positions for the assembly, funded from the
13appropriation under section 20.765 (1) (a) of the statutes, are decreased by 30.0 GPR
14positions on July 1, 1998, to eliminate staffing of party caucuses.
SB7,47,1715 (b) The authorized FTE positions for the senate, funded from the appropriation
16under section 20.765 (1) (b) of the statutes, are decreased by 24.0 GPR positions on
17July 1, 1998, to eliminate staffing of party caucuses.
SB7, s. 88 18Section 88. Initial applicability.
SB7,47,2019 (1) Except as provided in subsections (2) to (4 ), this act first applies to elections
20held on January 1, 1999.
SB7,47,2321 (2) The treatment of sections 11.21 (16) and 20.510 (1) (i) of the statutes first
22applies with respect to campaign finance reports that are required to be filed after
23June 30, 1999.
SB7,48,224 (3) The treatment of sections 11.50 (2m) and (6), 71.05 (6) (a) 20., 71.07 (5) (a)
258., 71.10 (3) (a), 71.26 (1) (a), (2) (b) 1g. and (3) (e) 4., 71.34 (1) (ad) and 71.45 (2) (a)

115. of the statutes first applies to tax returns for taxable years beginning on January
21, 1998.
SB7,48,43 (4) The treatment of section 11.31 (9) of the statutes first applies to adjustment
4of disbursement limitations for the biennium beginning on January 1, 1999.
SB7, s. 89 5Section 89. Effective dates. This act takes effect on the day after
6publication, except as follows:
SB7,48,87 (1) The treatment of sections 13.14 (3), 13.20 (1), 20.923 (6) (h) and 230.08 (2)
8(f) of the statutes takes effect on July 1, 1998.
SB7,48,109 (2) The treatment of section 20.510 (1) (d) of the statutes takes effect on
10January 1, 1999.
SB7,48,1111 (End)
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