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AB2-ASA2,43,1523 71.76 (1) If for any year the amount of federal net income tax payable, of a credit
24claimed or carried forward, of a net operating loss carried forward or of a capital loss
25carried forward of any taxpayer as reported to the internal revenue service is

1changed or corrected by the internal revenue service or other officer of the United
2States, such taxpayer shall report such changes or corrections to the department
3within 90 180 days after its final determination and shall concede the accuracy of
4such determination or state how the determination is erroneous. Such changes or
5corrections need not be reported unless they affect the amount of net tax payable
6under this chapter, of a credit calculated under this chapter, of a Wisconsin net
7operating loss carried forward, of a Wisconsin net business loss carried forward or
8of a capital loss carried forward under this chapter. Any taxpayer submitting an
9amended return to the internal revenue service, or to another state if there has been
10allowed a credit against Wisconsin taxes for taxes paid to that state, shall also file,
11within 90 180 days of such filing date, an amended return if any information
12contained on the amended return affects the amount of net tax payable under this
13chapter of a credit calculated under this chapter, of a Wisconsin net operating loss
14carried forward, of a Wisconsin net business loss carried forward or of a capital loss
15carried forward under this chapter.
AB2-ASA2,97 16Section 97 . 71.76 (2) of the statutes is created to read:
AB2-ASA2,43,2517 71.76 (2) In the case of any partnership adjustments, as defined under section
186241 of the Internal Revenue Code and including adjustments under section 6225
19of the Internal Revenue Code, the partnership and its partners shall report such
20changes or corrections to the department within 180 days after the final
21determination by the internal revenue service and shall concede the accuracy of such
22determination or state how the determination is erroneous. The partnership and its
23partners shall submit amended returns, as applicable, for each reviewed year, as
24defined under section 6225 of the Internal Revenue Code, to which such partnership
25adjustments relate.
AB2-ASA2,98
1Section 98. 71.77 (7) (b) of the statutes is amended to read:
AB2-ASA2,44,82 71.77 (7) (b) If notice of assessment or refund is given to the taxpayer within
390 180 days of the date on which the department receives a report from the taxpayer
4under s. 71.76 or within such other period specified in a written agreement entered
5into prior to the expiration of such 90 180 days by the taxpayer and the department.
6If the taxpayer does not report to the department as required under s. 71.76, the
7department may make an assessment against the taxpayer or refund to the taxpayer
8within 4 years after discovery by the department.
AB2-ASA2,99 9Section 99 . 71.83 (1) (a) 6. of the statutes is amended to read:
AB2-ASA2,44,1510 71.83 (1) (a) 6. `Retirement plans.' Any natural person who is liable for a
11penalty for federal income tax purposes under section 72 (m) (5), (q), (t), and (v), 4973,
124974, 4975, or 4980A of the Internal Revenue Code is liable for 33 percent of the
13federal penalty unless the income received is exempt from taxation under s. 71.05
14(1) (a) or (ae) (6) (b) 54. The penalties provided under this subdivision shall be
15assessed, levied, and collected in the same manner as income or franchise taxes.
AB2-ASA2,100 16Section 100. 73.0305 of the statutes is amended to read:
AB2-ASA2,44,23 1773.0305 Revenue limits calculations. The department of revenue shall
18annually determine and certify to the state superintendent of public instruction, no
19later than the 4th Monday in June
at the superintendent's request, the allowable
20rate of increase under subch. VII of ch. 121. The allowable rate of increase is the
21percentage change, if not negative, in the consumer price index for all urban
22consumers, U.S. city average, between the preceding March 31 and the 2nd
23preceding March 31, as computed by the federal department of labor.
AB2-ASA2,101 24Section 101. 73.09 (4) (c) of the statutes is amended to read:
AB2-ASA2,45,7
173.09 (4) (c) Recertification is contingent upon submission of an application for
2renewal, at least 60 days before the expiration date of the current certificate,
3attesting to the completion of the requirements specified in par. (b). Persons
4applying for renewal on the basis of attendance at the meetings called by the
5department under s. 73.06 (1) and by meeting continuing education requirements
6shall submit a $20 recertification fee, in an amount determined by the department
7not to exceed $75,
with their applications.
AB2-ASA2,102 8Section 102. 73.09 (5) of the statutes is amended to read:
AB2-ASA2,45,199 73.09 (5) Examinations. As provided in subs. (1) and (2), the department of
10revenue shall prepare and administer examinations for each level of certification.
11A person applying for an examination under this subsection shall submit a $20 an
12examination fee with the person's application. If the department administers and
13grades the examinations, the fee shall be the amount equal to the department's best
14estimate of the actual cost to administer and grade the examinations, but no greater
15than $75. If a test service provider administers and grades the examinations, the fee
16shall be the amount equal to the department's best estimate of the provider's actual
17cost to administer and grade the examinations, but no greater than $75.
The
18department of revenue shall grant certification to each person who passes the
19examination for that level.
AB2-ASA2,103 20Section 103. 73.135 of the statutes is created to read:
AB2-ASA2,46,2 2173.135 Grants to businesses harmed by the pandemic. (1) The
22department of revenue shall establish a program to make grants to businesses in this
23state most affected by the COVID-19 pandemic, as determined by the department,
24including restaurants, taverns, businesses that provide lodging, and small retailers.

1The department shall make the grants from the appropriation account under s.
220.835 (2) (cd).
AB2-ASA2,46,7 3(2) (a) For the purpose of distributing grants under this section, the
4department shall give preference to businesses that did not receive a loan under the
5federal paycheck protection program, have no more than 300 employees, and can
6demonstrate at least a 25 percent reduction in gross receipts between comparable
7calendar quarters in 2019 and 2020.
AB2-ASA2,46,128 (b) Receipt of a loan under the federal paycheck protection program does not
9preclude receiving a grant under this section, but the department shall give
10preference among the businesses that received loans to those who have no more than
11300 employees and can demonstrate at least a 25 percent reduction in gross receipts
12between comparable calendar quarters in 2019 and 2020.
AB2-ASA2,46,1413 (c) A business that does not meet the criteria for a preference under par. (a) or
14(b) is not precluded from receiving a grant under this section.
AB2-ASA2,46,15 15(3) The department shall not award a grant to any of the following:
AB2-ASA2,46,1616 (a) A person that is a licensee, as defined in s. 138.14 (1) (i).
AB2-ASA2,46,1917 (b) A person that used the proceeds from a federal paycheck protection program
18loan to retain employment for work that the person subsequently outsourced to
19another person.
AB2-ASA2,46,2120 (c) A person that committed fraud with regard to obtaining a federal paycheck
21protection program loan or using the proceeds from the loan.
AB2-ASA2,46,24 22(4) If the department determines that a grant recipient committed fraud as
23described in sub. (3) (c), the department shall require repayment of the grant amount
24and take all necessary steps to that end.
AB2-ASA2,104 25Section 104 . 74.315 (1) of the statutes is amended to read:
AB2-ASA2,47,5
174.315 (1) Submission. No later than October 1 of each year, the taxation
2district clerk shall submit to the department of revenue, on a form prescribed by the
3department, a listing of all the omitted taxes under s. 70.44 to be included on the
4taxation district's next tax roll, if the total of all such omitted taxes exceeds $5,000
5for any single description of property are $250 or more.
AB2-ASA2,105 6Section 105 . 74.315 (1m) of the statutes is created to read:
AB2-ASA2,47,127 74.315 (1m) Amount collected from property in a tax incremental district.
8A tax may not be included on a form submitted under sub. (1) if the tax was levied
9on a property within a tax incremental district, as defined in s. 60.85 (1) (n) or 66.1105
10(2) (k), unless the current value of the tax incremental district is lower than the tax
11incremental base, as defined in s. 60.85 (1) (m) or 66.1105 (2) (j), in the assessment
12year for which the tax was collected.
AB2-ASA2,106 13Section 106 . 74.315 (2) of the statutes is amended to read:
AB2-ASA2,47,2214 74.315 (2) Equalized valuation Amount determined. After receiving the form
15under sub. (1), but no later than November 15, the department of revenue shall
16determine the amount of any change in the taxation district's equalized valuation
17that results from considering the valuation represented by the taxes described under
18sub. (1)
taxes to be shared with each taxing jurisdiction for which the taxation district
19collected taxes and determine the amount of taxes collected under s. 70.44 to be
20shared with each taxing jurisdiction for which the taxation district collected taxes
.
21The department's determination under this subsection is subject to review only
22under s. 227.53.
AB2-ASA2,107 23Section 107 . 74.315 (3) of the statutes is amended to read:
AB2-ASA2,48,424 74.315 (3) Notice and distribution. If the department of revenue determines
25under sub. (2) that the taxation district's equalized valuation changed as a result of

1considering the valuation represented by the taxes described under sub. (1), the
The
2department shall notify the taxation district and the taxation district shall distribute
3the resulting collections under ss. 74.23 (1) (a) 5., 74.25 (1) (a) 4m., and 74.30 (1) (dm)
4resulting from the determinations made under sub. (2).
AB2-ASA2,108 5Section 108. 76.04 (1) of the statutes is amended to read:
AB2-ASA2,48,106 76.04 (1) Every company defined in s. 76.02 shall, annually, file a true and
7accurate statement in such manner and form and setting forth such facts as the
8department shall deem necessary to enforce ss. 76.01 to 76.26. The annual reports
9for railroad companies shall be filed on or before April 15 and for conservation and
10regulation companies, air carriers and pipeline companies
on or before May 1.
AB2-ASA2,109 11Section 109. 76.07 (1) of the statutes is amended to read:
AB2-ASA2,48,1712 76.07 (1) Duty of department. The department on or before August 1
13September 15 in each year in the case of railroad companies, and on or before
14September 15 in the case of air carrier companies, conservation and regulation
15companies and pipeline companies,
shall, according to its best knowledge and
16judgment, ascertain and determine the full market value of the property of each
17company within the state.
AB2-ASA2,110 18Section 110. 76.075 of the statutes is amended to read:
AB2-ASA2,49,8 1976.075 Adjustments of assessments. Within 4 years after the due date, or
20extended due date, of the report under s. 76.04, any person subject to taxation under
21this subchapter may request the department to make, or the department may make,
22an adjustment to the data under s. 76.07 (4g) or (4r) submitted by the person. If an
23adjustment under this section results in an increase in the tax due under this
24subchapter, the person shall pay the amount of the tax increase plus interest on that
25amount at the rate of 1 percent per month from the due date or extended due date

1of the report under s. 76.04 until the date of final determination and interest at the
2rate of 1.5 percent per month from the date of final determination until the date of
3payment. If an adjustment under this section results in a decrease in the tax due
4under this subchapter, the department shall refund the appropriate amount plus
5interest at the rate of 0.75 0.25 percent per month from the due date or extended due
6date under s. 76.04 until the date of refund. Sections 71.74 (1) and (2) and 71.75 (6)
7and (7), as they apply to income and franchise tax adjustments, apply to adjustments
8under this section. Review of the adjustments is as stated in s. 76.08.
AB2-ASA2,111 9Section 111. 76.13 (1) of the statutes is amended to read:
AB2-ASA2,49,1910 76.13 (1) The department shall compute and levy a tax upon the property of
11each company defined in s. 76.02, as assessed in the manner specified in ss. 76.07 and
1276.08, at the average net rate of taxation determined under s. 76.126. The amount
13of tax to be paid by each such company shall be extended upon a tax roll opposite the
14description of the property of the respective companies. The tax rolls for all
15companies required to be assessed on or before August 1 in each year under s. 76.07
16(1) shall be completed on or before August 10, and for all companies required to be
17assessed on or before
September 15 in each year under s. 76.07 (1) shall be completed
18on or before October 1; and the department shall thereupon attach to each such roll
19a certificate signed by the secretary of revenue, which shall be as follows:
AB2-ASA2,50,2 20“I hereby certify that the foregoing tax roll includes the property of all railroad
21companies, air carrier companies, conservation and regulation companies or
22pipeline companies, as the case may be, defined in s. 76.02, liable to taxation in this
23state; that the valuation of the property of each company as set down in said tax roll
24is the full market value thereof as assessed by the department of revenue, except as
25changed by court judgment, and that the taxes thereon charged in said tax roll have

1been assessed and levied at the average net rate of taxation in this state, as required
2by law".
AB2-ASA2,112 3Section 112. 76.13 (3) of the statutes is amended to read:
AB2-ASA2,50,154 76.13 (3) If the Dane County circuit court, after such roll is delivered to the
5secretary of administration, increases or decreases the assessment of any company,
6the department shall immediately redetermine the tax of the company on the basis
7of the revised assessment, and shall certify and deliver the revised assessment to the
8secretary of administration as a revision of the tax roll. If the amount of tax upon
9the assessment as determined by the court is less than the amount paid by the
10company, the secretary of administration shall refund the excess to the company with
11interest at the rate of 9 3 percent per year. If the amount of the tax upon the
12assessment as determined by the court is in excess of the amount of the tax as
13determined by the department, interest shall be paid on the additional amount at the
14rate of 12 percent per year from the date of entry of judgment to the date the
15judgment becomes final, and at 1.5 percent per month thereafter until paid.
AB2-ASA2,113 16Section 113. 76.28 (4) (b) of the statutes is amended to read:
AB2-ASA2,50,2517 76.28 (4) (b) In the case of overpayments of license fees by any light, heat and
18power company under par. (a), the department shall certify the overpayments to the
19department of administration, which shall audit the amount of the overpayments
20and the secretary of administration shall pay the amounts determined by means of
21the audit. All refunds of license fees under this subsection shall bear interest at the
22annual rate of 9 3 percent from the date of the original payment to the date when
23the refund is made. The time for making additional levies of license fees or claims
24for refunds of excess license fees paid, in respect to any year, shall be limited to 4
25years after the time the report for such year was filed.
AB2-ASA2,114
1Section 114. 76.28 (11) of the statutes is amended to read:
AB2-ASA2,51,82 76.28 (11) Payment before contesting. No action or proceeding, except a
3petition for redetermination under sub. (4), may be brought by a light, heat or power
4company against this state to contest any assessment of a tax under this section
5unless the taxpayer first pays to this state the amount of tax assessed. If the
6taxpayer prevails in an action or proceeding, this state shall settle with the taxpayer,
7including payment of interest at 9 3 percent per year on the amount of the money
8paid from the date of payment until the date of judgment.
AB2-ASA2,115 9Section 115. 76.39 (4) (d) of the statutes is amended to read:
AB2-ASA2,51,1510 76.39 (4) (d) All refunds shall be certified by the department to the department
11of administration which shall audit the amount of the refunds and the secretary of
12administration shall pay the amount, together with interest at the rate of 9 3 percent
13per year from the date payment was made. All additional taxes shall bear interest
14at the rate of 12 percent per year from the time they should have been paid to the date
15upon which the additional taxes shall become delinquent if unpaid.
AB2-ASA2,116 16Section 116. 76.48 (5) of the statutes is amended to read:
AB2-ASA2,52,217 76.48 (5) Additional assessments may be made, if notice of such assessment is
18given, within 4 years of the date the annual return was filed, but if no return was
19filed, or if the return filed was incorrect and was filed with intent to defeat or evade
20the tax, an additional assessment may be made at any time upon the discovery of
21gross revenues by the department. Refunds may be made if a claim for the refund
22is filed in writing with the department within 4 years of the date the annual return
23was filed. Refunds shall bear interest at the rate of 9 3 percent per year and shall
24be certified by the department to the secretary of administration who shall audit the
25amounts of such overpayments and pay the amount audited. Additional

1assessments shall bear interest at the rate of 12 percent per year from the time they
2should have been paid to the date upon which they shall become delinquent if unpaid.
AB2-ASA2,117 3Section 117. 77.51 (13gm) (a) (intro.) of the statutes is renumbered 77.51
4(13gm) (a) and amended to read:
AB2-ASA2,52,95 77.51 (13gm) (a) “Retailer engaged in business in this state” does not include
6a retailer who has no activities as described in sub. (13g), except for activities
7described in sub. (13g) (c), unless the retailer meets either of the following criteria
8retailer's annual gross sales into this state exceed $100,000 in the previous year or
9current calendar year:.
AB2-ASA2,118 10Section 118. 77.51 (13gm) (a) 1. and 2. of the statutes are repealed.
AB2-ASA2,119 11Section 119. 77.51 (13gm) (b) of the statutes is amended to read:
AB2-ASA2,52,1712 77.51 (13gm) (b) If an out-of-state retailer's annual gross sales into this state
13exceed $100,000 in the previous calendar year or the retailer's annual number of
14separate sales transactions into this state is 200 or more in the previous year
, the
15retailer shall register with the department and collect the taxes administered under
16s. 77.52 or 77.53 on sales sourced to this state under s. 77.522 for the entire current
17calendar year.
AB2-ASA2,120 18Section 120. 77.51 (13gm) (c) of the statutes is amended to read:
AB2-ASA2,53,219 77.51 (13gm) (c) If an out-of-state retailer's annual gross sales into this state
20are $100,000 or less in the previous calendar year and the retailer's annual number
21of separate sales transactions into this state is less than 200 in the previous year
, the
22retailer is not required to register with the department and collect the taxes
23administered under s. 77.52 or 77.53 on sales sourced to this state under s. 77.522
24until the retailer's gross sales or transactions meet the criteria in par. (a) 1. or 2.
25exceed $100,000 for the current calendar year, at which time the retailer shall

1register with the department and collect the tax for the remainder of the current
2calendar year.
AB2-ASA2,121 3Section 121. 77.51 (13gm) (d) 1. of the statutes is repealed.
AB2-ASA2,122 4Section 122. 77.51 (13gm) (d) 2. of the statutes is amended to read:
AB2-ASA2,53,65 77.51 (13gm) (d) 2. The annual amounts described in this subsection include
6“Gross sales” includes both taxable and nontaxable sales.
AB2-ASA2,123 7Section 123. 77.51 (13gm) (d) 3. and 4. of the statutes are repealed.
AB2-ASA2,124 8Section 124. 77.51 (13gm) (d) 5. of the statutes is amended to read:
AB2-ASA2,53,119 77.51 (13gm) (d) 5. An out-of-state retailer's annual amounts gross sales
10include all sales into this state by the retailer on behalf of other persons and all sales
11into this state by another person on the retailer's behalf.
AB2-ASA2,125 12Section 125 . 77.52 (2m) (b) of the statutes is amended to read:
AB2-ASA2,53,2113 77.52 (2m) (b) With respect to the type of services subject to tax under sub. (2)
14(a) 7., 10., 11., and 20. and except as provided in s. 77.54 (60) (b) and (bm) 2., all
15tangible personal property or items, property, or goods under s. 77.52 sub. (1) (b), (c),
16or (d) physically transferred, or transferred electronically, to the customer in
17conjunction with the selling, performing, or furnishing of the service is a sale of
18tangible personal property or items, property, or goods under s. 77.52 sub. (1) (b), (c),
19or (d) separate from the selling, performing, or furnishing of the service, regardless
20of whether the purchaser claims an exemption on its purchase of the service. This
21paragraph does not apply to services provided by veterinarians
.
AB2-ASA2,126 22Section 126 . 77.54 (6) (am) 2. of the statutes is amended to read:
AB2-ASA2,54,623 77.54 (6) (am) 2. Containers, labels, sacks, cans, boxes, drums, bags or other
24packaging and shipping materials for use in packing, packaging or shipping tangible
25personal property or items or property under s. 77.52 (1) (b) or (c), if the containers,

1labels, sacks, cans, boxes, drums, bags, or other packaging and shipping materials
2are used by the purchaser to transfer merchandise to customers or physically
3transferred to the customer in conjunction with the selling, performing, or
4furnishing of the type of services under s. 77.52 (2) (a) 7., 10, 11., or 20. that are
5exempt from or not subject to taxation under this subchapter. This subdivision does
6not apply to services provided by veterinarians
.
AB2-ASA2,127 7Section 127. 77.54 (9a) (f) of the statutes is amended to read:
AB2-ASA2,54,188 77.54 (9a) (f) Any corporation, community chest , fund, or foundation or
9association organized and operated exclusively for religious, charitable, scientific or
10educational purposes, or for the prevention of cruelty to children or animals, except
11hospital service insurance corporations under s. 613.80 (2), no part of the net income
12of which inures to the benefit of any private stockholder, shareholder, member or
13corporation
that is exempt from federal income tax under section 501 (c) (3) of the
14Internal Revenue Code and has received a determination letter from the internal
15revenue service. The exemption under this paragraph applies to churches and
16religious organizations that meet the requirements of section 501 (c) (3) but are not
17required to apply for and obtain tax-exempt status from the internal revenue
18service
.
AB2-ASA2,128 19Section 128 . 77.54 (9m) of the statutes is amended to read:
AB2-ASA2,55,720 77.54 (9m) The sales price from the sale of and the storage, use, or other
21consumption of tangible personal property, or items or property under s. 77.52 (1) (b)
22or (c), sold to a construction contractor that, in fulfillment of a real property
23construction activity, transfers the tangible personal property, or items or property
24under s. 77.52 (1) (b) or (c), to an entity described under sub. (9a) (b), (c), (d), (em),
25(f), or (fc) or (9g), a technical college district, the University of Wisconsin Hospitals

1and Clinics Authority,
the Board of Regents of the University of Wisconsin System,
2an institution, as defined in s. 36.05 (9), a college campus, as defined in s. 36.05 (6m),
3or the University of Wisconsin-Extension, if such tangible personal property, or
4items or property, becomes a component of a facility in this state that is owned by the
5entity. In this subsection, “facility" means any building, shelter, parking lot, parking
6garage, athletic field, athletic park, storm sewer, water supply system, or sewerage
7and waste water treatment facility, but does not include a highway, street, or road.
AB2-ASA2,129 8Section 129. 77.61 (5) (b) 8m. of the statutes is created to read:
AB2-ASA2,55,109 77.61 (5) (b) 8m. The state auditor and the employees of the legislative audit
10bureau to the extent necessary for the bureau to carry out its duties under 13.94.
AB2-ASA2,130 11Section 130. 79.02 (1) of the statutes is amended to read:
AB2-ASA2,55,1512 79.02 (1) The Except as provided in sub. (2) (b), the department of
13administration, upon certification by the department of revenue, shall distribute
14shared revenue payments to each municipality and county on the 4th Monday in July
15and the 3rd Monday in November.
AB2-ASA2,131 16Section 131. 79.02 (2) (b) of the statutes is amended to read:
AB2-ASA2,55,2117 79.02 (2) (b) Subject to ss. 59.605 (4) and 70.995 (14) (b), payments in July shall
18equal 15 percent of the municipality's or county's estimated payments under ss.
1979.035 and 79.04 and 100 percent of the municipality's estimated payments under
20s. 79.05. Upon certification by the department of revenue, the estimated payment
21under s. 79.05 may be distributed before the 4th Monday in July.
AB2-ASA2,132 22Section 132. 79.02 (3) (a) of the statutes is amended to read:
AB2-ASA2,56,223 79.02 (3) (a) Subject to s. 59.605 (4), payments to each municipality and county
24in November shall equal that municipality's or county's entitlement under ss. 79.035,

179.04, and 79.05 for the current year, minus the amount distributed to the
2municipality or county in July under sub. (2) (b).
AB2-ASA2,133 3Section 133. 79.02 (3) (e) of the statutes is amended to read:
AB2-ASA2,56,94 79.02 (3) (e) For the distribution in 2004 and subsequent years, the total
5amount of the November payments to each county and municipality under s. 79.035
6sub. (1) shall be reduced by an amount equal to the amount of supplements paid from
7the appropriation accounts under s. 20.435 (4) (b) and (gm) that the county or
8municipality received for the fiscal year in which a payment is made under this
9section, as determined under s. 49.45 (51).
AB2-ASA2,134 10Section 134. 79.035 (6) of the statutes is amended to read:
AB2-ASA2,56,1511 79.035 (6) Beginning with the distributions in 2016 and ending with the
12distributions in 2035, the annual payment under this section s. 79.02 (1) to a county
13in which a sports and entertainment arena, as defined in s. 229.41 (11e), is located
14shall be the amount otherwise determined for the county under this section, minus
15$4,000,000.
AB2-ASA2,135 16Section 135. 79.035 (7) (b) of the statutes is amended to read:
AB2-ASA2,56,2517 79.035 (7) (b) Beginning with the first payment due under this section s. 79.02
18(1)
after the county or municipality receives a grant under s. 16.047 (4m), the
19department of administration shall apply the reduction determined under par. (a) for
20each county and municipality by reducing 10 consecutive annual payments under
21this section s. 79.02 (1) to the county or municipality by equal amounts. If in any year
22the reduction under this paragraph for a county or municipality exceeds the payment
23under this section for the county or municipality, the department of administration
24shall apply the excess amount of the reduction to the payment to the county or
25municipality under s. 79.04.
AB2-ASA2,136
1Section 136. 79.05 (1) (am) of the statutes is amended to read:
AB2-ASA2,57,62 79.05 (1) (am) “Inflation factor" means a percentage equal to the average
3annual percentage change in the U.S. consumer price index for all urban consumers,
4U.S. city average, as determined by the U.S. department of labor, for the 12 months
5ending on September 30 August 31 of the year before the statement under s. 79.015,
6except that the percentage under this paragraph shall not be less than zero.
AB2-ASA2,137 7Section 137 . 79.05 (2m) of the statutes is amended to read:
AB2-ASA2,57,108 79.05 (2m) Annually, on November October 1, the department of revenue shall
9certify the appropriate percentage change in the consumer price index that is to be
10used in the requirement under sub. (1) (am) to the joint committee on finance.
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