Amendment SA1-AB1023

LRBa1301/1

JK:cjs

2023 - 2024 LEGISLATURE

SENATE AMENDMENT 1, TO ASSEMBLY BILL 1023

February 20, 2024 - Offered by Senators Larson, Hesselbein, Carpenter, L. Johnson, Roys, Smith, Spreitzer, Pfaff, Agard and Wirch.

AB1023-SA1,1,1 At the locations indicated, amend the bill as follows:

AB1023-SA1,1,2 1. Page 1, line 3: after “credit" insert “and making an appropriation".

AB1023-SA1,1,3 2. Page 1, line 4: before that line insert:

AB1023-SA1,1,4 “ Section 1b. 20.835 (2) (cd) of the statutes is created to read:

AB1023-SA1,1,6 20.835 (2) (cd) Additional child and dependent care tax credit. A sum sufficient to make the payments under s. 71.07 (9g) (d) 2.”.

AB1023-SA1,1,7 3. Page 2, line 10: delete “, up to the amount of those taxes,".

AB1023-SA1,1,8 4. Page 2, line 20: after that line insert:

AB1023-SA1,1,9 “ Section 3d. 71.07 (9g) (d) of the statutes is renumbered 71.07 (9g) (d) 1.

AB1023-SA1,3e Section 3e. 71.07 (9g) (d) 2. of the statutes is created to read:

AB1023-SA1,2,3 71.07 (9g) (d) 2. If the allowable amount of the claim under par. (b) 2. exceeds the tax otherwise due under s. 71.02, the amount of the claim not used to offset the tax due shall be certified by the department of revenue to the department of administration for payment by check, share draft, or other draft drawn from the appropriation account under s. 20.835 (2) (cd). Notwithstanding s. 71.82, no interest shall be paid on amounts certified under this subdivision.

AB1023-SA1,3f Section 3f. 71.10 (4) (i) of the statutes is amended to read:

AB1023-SA1,2,14 71.10 (4) (i) The total of claim of right credit under s. 71.07 (1), farmland preservation credit under ss. 71.57 to 71.61, farmland preservation credit, 2010 and beyond under s. 71.613, homestead credit under subch. VIII, jobs tax credit under s. 71.07 (3q), business development credit under s. 71.07 (3y), research credit under s. 71.07 (4k) (e) 2. a., veterans and surviving spouses property tax credit under s. 71.07 (6e), enterprise zone jobs credit under s. 71.07 (3w), electronics and information technology manufacturing zone credit under s. 71.07 (3wm), earned income tax credit under s. 71.07 (9e), additional child and dependent care tax credit under s. 71.07 (9g) (b) 2., estimated tax payments under s. 71.09, and taxes withheld under subch. X.”.

AB1023-SA1,2,15 (End)