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2021 - 2022 LEGISLATURE
ASSEMBLY AMENDMENT 3,
TO ASSEMBLY SUBSTITUTE AMENDMENT 3,
TO ASSEMBLY BILL 2
February 16, 2021 - Offered by Representatives Anderson, Andraca, Baldeh,
Billings, Bowen, Brostoff, Cabrera, Conley, Considine, Doyle, Drake,
Emerson, Goyke, Haywood, Hebl, Hesselbein, Hintz, McGuire, B. Meyers,
Milroy, Moore Omokunde, L. Myers, Neubauer, Ohnstad, Ortiz-Velez,
Pope, Riemer, S. Rodriguez, Shankland, Shelton, Sinicki, Snodgrass,
Spreitzer, Stubbs, Subeck, Vining and Vruwink.
AB2-ASA3-AA3,1,11 At the locations indicated, amend the substitute amendment as follows:
AB2-ASA3-AA3,1,2 21. Page 16, line 8: after that line insert:
AB2-ASA3-AA3,1,3 3 Section 26m. 71.05 (1) (hn) of the statutes is created to read:
AB2-ASA3-AA3,1,94 71.05 (1) (hn) Wisconsin grants awarded during and related to the pandemic.
5Income received in the form of a grant issued by a state agency or the Wisconsin
6Economic Development Corporation during and related to the COVID-19 pandemic,
7including grants awarded under the ethnic minority emergency grant program.
8Amounts otherwise deductible under this chapter that are paid directly or indirectly
9with the grant money are deductible.”.
AB2-ASA3-AA3,1,10 102. Page 32, line 22: after that line insert:
AB2-ASA3-AA3,1,11 11 Section 64e. 71.26 (3) (ag) 3. of the statutes is created to read:
AB2-ASA3-AA3,2,5
171.26 (3) (ag) 3. Income received in the form of a grant issued by a state agency
2or the Wisconsin Economic Development Corporation during and related to the
3COVID-19 pandemic, including grants awarded under the ethnic minority
4emergency grant program. Amounts otherwise deductible under this chapter that
5are paid directly or indirectly with the grant money are deductible.”.
AB2-ASA3-AA3,2,6 63. Page 33, line 16: after “2." insert “or 3.".
AB2-ASA3-AA3,2,7 74. Page 38, line 12: after that line insert:
AB2-ASA3-AA3,2,8 8 Section 75m. 71.34 (1k) (ah) of the statutes is created to read:
AB2-ASA3-AA3,2,149 71.34 (1k) (ah) Section 61 of the Internal Revenue Code is modified so that
10income received in the form of a grant issued by a state agency or the Wisconsin
11Economic Development Corporation during and related to the COVID-19 pandemic,
12including grants awarded under the ethnic minority emergency grant program, is
13not taxable income. Amounts otherwise deductible under this chapter that are paid
14directly or indirectly with the grant money are deductible.”.
AB2-ASA3-AA3,2,15 155. Page 42, line 18: after that line insert:
AB2-ASA3-AA3,2,16 16 Section 86m. 71.45 (1) (dm) of the statutes is created to read:
AB2-ASA3-AA3,2,2117 71.45 (1) (dm) Income received in the form of a grant issued by a state agency
18or the Wisconsin Economic Development Corporation during and related to the
19COVID-19 pandemic, including grants awarded under the ethnic minority
20emergency grant program. Amounts otherwise deductible under this chapter that
21are paid directly or indirectly with the grant money are deductible.”.
AB2-ASA3-AA3,2,22 226. Page 43, line 13: after that line insert:
AB2-ASA3-AA3,2,23 23 Section 87n. 71.45 (2) (a) 23. of the statutes is created to read:
AB2-ASA3-AA3,3,6
171.45 (2) (a) 23. By subtracting from federal taxable income, to the extent
2included in federal taxable income, income received in the form of a grant issued by
3a state agency or the Wisconsin Economic Development Corporation during and
4related to the COVID-19 pandemic, including grants awarded under the ethnic
5minority emergency grant program. Amounts otherwise deductible under this
6chapter that are paid directly or indirectly with the grant money are deductible.”.
AB2-ASA3-AA3,3,7 77. Page 59, line 23: after that line insert:
AB2-ASA3-AA3,3,10 8“(6m) Income from grants. The treatment of ss. 71.05 (1) (hn), 71.26 (3) (ag)
93. and (L), 71.34 (1k) (ah), and 71.45 (1) (dm) and (2) (a) 23. first applies to taxable
10years beginning after December 31, 2019.”.
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