LRB-4197/1
JK&RAC:kg&cmh:mrc
1999 - 2000 LEGISLATURE
February 1, 2000 - Introduced by Representatives F. Lasee, Ziegelbauer, Stone,
Nass, Boyle, Kreuser, Walker, Gunderson, Wieckert, Hahn, Hebl, Spillner,
Gronemus, Ryba, Plouff, Hasenohrl, Kreibich, Steinbrink, Sykora,
Wasserman, Sinicki, La Fave, Plale, Hoven, Rhoades, Musser, Kelso
and
Lassa, cosponsored by Senators Lazich, Wirch, Darling, Roessler,
Erpenbach, Plache, Rosenzweig
and A. Lasee. Referred to Joint committee on
Finance.
AB696,1,2 1An Act to amend 71.07 (9) (b) 4. of the statutes; relating to: the school property
2tax and rent credit.
Analysis by the Legislative Reference Bureau
Under current law, for taxable years beginning after December 31, 1998, an
individual may not receive a school property tax rent credit for property taxes paid
on the individual's principal dwelling, or rent constituting property taxes paid on the
individual's principal dwelling, during the taxable year for which the credit is
claimed.
Under this bill, for taxable years beginning after December 31, 1999, and before
January 1, 2001, an individual may claim and receive a school property tax rent
credit for property taxes paid on the individual's principal dwelling, or rent
constituting property taxes paid on the individual's principal dwelling, during the
taxable year for which the credit is claimed. Under the bill, the credit, which may
be claimed up to the amount of the individual's tax liability, is 15.4% of the first
$2,500 of property taxes, or rent constituting property taxes, paid or 15.4% of the first
$1,250 of property taxes, or rent constituting property taxes, paid by a married
person filing separately.
The bill also requires that the department of administration propose reductions
in sum certain appropriations, or reestimates of expenditures that are made from
sum sufficient appropriations, from the general fund for the 1999-2001 biennium
and report the proposed reductions or reestimates to the joint committee on finance.
The total amount of the reductions or reestimates must be $410,000,000.

For further information see the state 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:
AB696, s. 1 1Section 1. 71.07 (9) (b) 4. of the statutes, as created by 1999 Wisconsin Act 10,
2is amended to read:
AB696,2,83 71.07 (9) (b) 4. For taxable years beginning after December 31, 1998 1999, and
4before January 1, 2001,
subject to the limitations under this subsection a claimant
5may claim as a credit against, but not to exceed the amount of, taxes under s. 71.02,
68.4% 15.4% of the first $0 $2,500 of property taxes or rent constituting property
7taxes, or 8.4% 15.4% of the first $0 $1,250 of property taxes or rent constituting
8property taxes of a married person filing separately.
AB696, s. 2 9Section 2 . Nonstatutory provisions.
AB696,2,1110 (1) Reductions or expenditure reestimates in appropriations for the 1999-2001
11biennium
.
AB696,2,1812 (a) Secretary of administration to report proposed reductions or expenditure
13reestimates in appropriations.
No later than January 1, 2001, the secretary of
14administration shall propose reductions in sum certain appropriations in any fund
15or reestimates of expenditures to be made from sum sufficient appropriations from
16the general fund for the 1999-2001 biennium in an amount equal to $410,000,000
17and shall report these proposed reductions or reestimates to the joint committee on
18finance.
AB696,3,1119 (b) Joint committee on finance passive review. If the cochairpersons of the joint
20committee on finance do not notify the secretary of administration that the
21committee has scheduled a meeting for the purpose of reviewing the proposed

1reductions or reestimates reported under paragraph (a) within 14 working days after
2the date of receiving the report, the secretary of administration shall lapse or
3transfer the amount of the proposed reductions to the general fund or reestimate the
4expenditures to be made from the sum sufficient appropriations. If, within 14
5working days after the date of receiving the report, the cochairpersons of the
6committee notify the secretary of administration that the committee has scheduled
7a meeting for the purpose of reviewing the proposed reductions or reestimates
8reported under paragraph (a), the secretary of administration shall lapse or transfer
9to the general fund or reestimate the amounts approved by the committee in a total
10amount equal to the amount specified in paragraph (a ) from the appropriations
11specified by the committee.
AB696, s. 3 12Section 3. Initial applicability.
AB696,3,1313 (1) This act first applies to taxable years beginning on January 1, 2000.
AB696,3,1414 (End)
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