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LRBa1076/1
EKL:skw
2019 - 2020 LEGISLATURE
SENATE AMENDMENT 2,
TO SENATE BILL 440
February 5, 2020 - Offered by Senators Larson and Smith.
SB440-SA2,1,11 At the locations indicated, amend the bill as follows:
SB440-SA2,1,3 21. Page 4, line 12: after “year" insert “and that all of the conditions under par.
3(e) are met".
SB440-SA2,1,4 42. Page 4, line 14: after that line insert:
SB440-SA2,1,8 5“(e) A subtraction may not be made under par. (b) unless all of the following
6conditions are met during the taxable year of the Wisconsin qualified opportunity
7fund with respect to the Wisconsin qualified opportunity zone property held by the
8fund:
SB440-SA2,1,139 1. At least 25 of the individuals who perform services in a Wisconsin qualified
10opportunity zone for the construction or development of the Wisconsin qualified
11opportunity zone property or in the conduct of a trade or business described in 26
12USC 1400Z-2
(d) (2) (D) (i) or (3) (A) reside in the Wisconsin qualified opportunity
13zone.
SB440-SA2,2,5
12. No more than 49 percent of the individuals who perform services in a
2Wisconsin qualified opportunity zone for the construction or development of the
3Wisconsin qualified opportunity zone property or in the conduct of a trade or business
4described in 26 USC 1400Z-2 (d) (2) (D) (i) or (3) (A) reside more than 2 miles outside
5the Wisconsin qualified opportunity zone.”.
SB440-SA2,2,7 63. Page 4, line 21: after “years." insert “A modification may not be made under
7this subdivision unless all of the conditions under s. 71.05 (25m) (e) are met.".
SB440-SA2,2,9 84. Page 4, line 24: after “year" insert “and that all of the conditions under s.
971.05 (25m) (e) are met".
SB440-SA2,2,11 105. Page 5, line 6: after “years." insert “A subtraction may not be made under
11this subdivision unless all of the conditions under s. 71.05 (25m) (e) are met.".
SB440-SA2,2,13 126. Page 5, line 10: after “year" insert “and that all of the conditions under s.
1371.05 (25m) (e) are met".
SB440-SA2,2,15 147. Page 5, line 17: after “years." insert “A subtraction may not be made under
15this subdivision unless all of the conditions under s. 71.05 (25m) (e) are met.".
SB440-SA2,2,17 168. Page 5, line 21: after “year" insert “and that all of the conditions under s.
1771.05 (25m) (e) are met".
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