SB738,60
10Section 60
. 121.07 (6) (a) (intro.) of the statutes is amended to read:
SB738,18,2111
121.07
(6) (a) (intro.) “Shared cost" is the sum of the net cost of the general fund
12and the net cost of the debt service fund, except that “shared cost" excludes any costs,
13including attorney fees, incurred by a school district as a result of its participation
14in a lawsuit commenced against the state, beginning with such costs incurred in the
15fiscal year in which the lawsuit is commenced, excludes any expenditures from
a
16capital improvement fund created under s. 120.135 or a capital improvement trust
17fund created under s. 120.137, excludes any debt service costs associated with an
18environmental remediation project under s. 67.05 (7) (er), and excludes the costs of
19transporting those transfer pupils for whom the school district operating under ch.
20119 does not receive intradistrict transfer aid under s. 121.85 (6) as a result of s.
21121.85 (6) (am). In this paragraph:
SB738,61
22Section 61
. 121.91 (4) (h) of the statutes is repealed.
SB738,62
23Section
62. 177.01 (7a) of the statutes is created to read:
SB738,19,824
177.01
(7a) “Financial organization loyalty card” means a card or electronic
25record that is given without direct monetary consideration under an award, reward,
1benefit, loyalty, incentive, rebate, or promotional program established by a financial
2organization for purposes of rewarding a relationship with the sponsoring entity and
3that may be redeemed for money or otherwise monetized by the issuer or used to
4obtain goods or services or a discount on goods or services. An annual fee or periodic
5membership fee charged to the cardholder for joining or maintaining membership in
6any such award, reward, benefit, loyalty, incentive, rebate, or promotional program
7shall not be considered direct monetary consideration paid for the financial
8organization loyalty card.
SB738,63
9Section
63. 177.01 (7d) (c) 5. of the statutes is created to read:
SB738,19,1010
177.01
(7d) (c) 5. A financial organization loyalty card.
SB738,64
11Section
64. 177.01 (13b) (c) 8. of the statutes is created to read:
SB738,19,1212
177.01
(13b) (c) 8. A financial organization loyalty card.
SB738,65
13Section
65. 177.01 (14d) (c) 5. of the statutes is created to read:
SB738,19,1414
177.01
(14d) (c) 5. A financial organization loyalty card.
SB738,66
15Section
66. 177.01 (16) (e) of the statutes is created to read:
SB738,19,1616
177.01
(16) (e) A financial organization loyalty card.
SB738,67
17Section
67. 177.0202 (title) of the statutes is amended to read:
SB738,19,19
18177.0202 (title)
When tax-deferred
and tax-exempt retirement account
19accounts presumed abandoned.
SB738,68
20Section
68. 177.0202 (1) (intro.) of the statutes is amended to read:
SB738,19,2421
177.0202
(1) (intro.) Subject to s. 177.0210, property held in a pension account
22or retirement account that qualifies for federal income tax deferral
or tax exemption 23under the U.S. income tax laws is presumed abandoned if it is unclaimed by the
24apparent owner 3 years after the later of:
SB738,69
25Section
69. 177.0210 (1) (intro.) of the statutes is amended to read:
SB738,20,2
1177.0210
(1) (intro.) Property is presumed abandoned from the
earliest later 2of the following:
SB738,70
3Section
70. 177.0607 (3) (d) of the statutes is created to read:
SB738,20,54
177.0607
(3) (d) On property paid to another state under s. 177.0901 or
5177.0902.
SB738,71
6Section
71. 177.0607 (4) of the statutes is amended to read:
SB738,20,167
177.0607
(4) Property received by the administrator before January 2, 2019,
8that was interest-bearing to the
owner, as reported by the holder
, at the time of
9receipt by the administrator or this state shall accrue interest while in possession of
10the administrator or this state at a rate of 6 percent per year or any lesser rate the
11property earned while in the possession of the holder. Interest begins to accrue when
12the property is delivered to the administrator and ceases on the earlier of the date
13on which payment is made to the owner or January 1, 2019. If the property is still
14in the possession of the administrator or this state on January 2, 2019, interest shall
15accrue as described in sub. (2). No interest on interest-bearing property is payable
16for any period before December 31, 1984.
SB738,72
17Section
72. 177.1505 (4) of the statutes is amended to read:
SB738,21,218
177.1505
(4) The administrator shall waive the provisions of s. 177.1204 with
19respect to reporting periods covered by the agreement if an application for voluntary
20disclosure is received by the administrator
between February 1, 2022, and February
2128, 2023, and a voluntary disclosure agreement is executed within 180 days of receipt
22of the application by the administrator. The administrator may enter into an
23agreement with a holder to extend the date upon which the agreement must be
24executed and shall waive the provisions of s. 177.1204 with respect to reporting
25periods covered by an agreement executed under such extension. The administrator
1shall make efforts to provide information to interested parties regarding the
2voluntary disclosure period provided under this subsection.
SB738,73
3Section
73. 565.27 (2) (b) 3. of the statutes is amended to read:
SB738,21,54
565.27
(2) (b) 3. The drawings shall be
recorded on both videotape and
5audiotape documented with a video and audio recording.
SB738,74
6Section
74. 565.28 (1) of the statutes is renumbered 565.28, and 565.28 (2) and
7(3), as renumbered, are amended to read:
SB738,21,108
565.28
(2) A person who chooses to make an election under
par. (a) sub. (1) shall
9make the election no later than 60 days after becoming entitled to the lottery prize.
10An election made under
par. (a) sub. (1) is final and may not be revoked.
SB738,21,13
11(3) If a person eligible to make an election under
par. (a) sub. (1) does not make
12an election within 60 days after becoming entitled to a lottery prize, the
13administrator shall make payment in the form of an annuity.
SB738,75
14Section
75. 565.28 (2) of the statutes is repealed.
SB738,76
15Section
76.
Initial applicability.
SB738,21,1916
(1)
Unclaimed property; general provisions. The treatment of ss. 177.01 (7a),
17(7d) (c) 5., (13b) (c) 8., (14d) (c) 5., and (16) (e), 177.0202 (title) and (1) (intro.),
18177.0210 (1) (intro.), and 177.0607 (3) (d) and (4) first applies to property reportable
19on November 7, 2021.
SB738,21,2220
(2)
Unclaimed property; waiver. The treatment of s. 177.1505 (4) first applies
21to applications received on the first day of the 3rd month beginning after publication,
22regardless of the years in which the property became abandoned and reportable.
SB738,77
23Section
77.
Effective dates. This act takes effect on the day after publication,
24except as follows:
SB738,22,5
1(1)
Tax incremental financing. The treatment of ss. 60.85 (2) (b) 7. and (c), (3)
2(h) 4. and 5. a. and c., and (5) (e) and 66.1105 (2) (f) 1. (intro.), m., and n. and (j), (4)
3(a), (e), and (h) 1., 2., and 4., (4e) (b) 1., (5) (bf), (bj), (c) 1., and (ce) 1., (6) (a) 5. and
49., (am) 2. c., d., e., and f., (d) 1m., (dm), and (e) 1. b. and e., (7) (ak) 2. and 3., (ar), and
5(at), (18) (c) 2., and (19) takes effect on the January 1 after publication.