Amendment SA1-SB102

LRBa1356/1

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2023 - 2024 LEGISLATURE

SENATE AMENDMENT 1, TO SENATE BILL 102

February 27, 2024 - Offered by Senator Jacque.

SB102-SA1,1,1 At the locations indicated, amend the bill as follows:

SB102-SA1,1,2 1. Page 2, line 18: after that line insert:

SB102-SA1,1,3 “ Section 3d. 71.07 (6e) (c) 5. of the statutes is created to read:

SB102-SA1,1,7 71.07 (6e) (c) 5. For an individual whose service-connected disability rating is less than 100 percent, the amount of the credit claimed under this subsection may not exceed the amount of the property taxes paid on the first $350,000 of the property's assessed value for the taxable year to which the claim relates.

SB102-SA1,3e Section 3e. 71.07 (6e) (c) 6. of the statutes is created to read:

SB102-SA1,1,12 71.07 (6e) (c) 6. No credit may be claimed under this subsection by an individual who is first eligible to claim the credit for taxable years beginning after December 31, 2023, and whose taxable income for the taxable year to which the claim relates exceeds any of the following amounts:

SB102-SA1,1,13 a. For single individuals and heads of households, $100,000.

SB102-SA1,2,3 b. For married persons, $150,000. For purposes of this subd. 6. b. the sum of the taxable income of both persons may not exceed $150,000, regardless of whether the persons file a joint return or separate returns.”.

SB102-SA1,2,4 (End)