Amendment AA36-SB62

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2009 - 2010 LEGISLATURE

ASSEMBLY AMENDMENT 36, TO 2009 SENATE BILL 62

February 18, 2009 - Offered by Representative Vukmir.

SB62-AA36,1,1 At the locations indicated, amend the bill as follows:

SB62-AA36,1,2 1. Page 81, line 5: after that line insert:

SB62-AA36,1,9 "(11) Election. Notwithstanding any other provision under this section, a corporation engaged in a unitary business with one or more other corporations may elect to file a combined report under this section or to file returns as provided under subch. IV or subch. VII of this chapter, as appropriate. An election under this subsection is valid for 5 years, at which time it may be renewed. A corporation that elects to file a combined report under this section shall pay tax on the income reported under this section at the rate of 6.75 percent.".

SB62-AA36,1,10 (End)