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LRBa0334/1
JK:wlj
2019 - 2020 LEGISLATURE
ASSEMBLY AMENDMENT 3,
TO ASSEMBLY SUBSTITUTE AMENDMENT 1,
TO ASSEMBLY BILL 251
June 13, 2019 - Offered by Joint Committee on Finance.
AB251-ASA1-AA3,1,11 At the locations indicated, amend the substitute amendment as follows:
AB251-ASA1-AA3,1,2 21. Page 3, line 19: delete “2nd" and substitute “ 1st and 2nd".
AB251-ASA1-AA3,1,3 32. Page 3, line 20: delete “rates rate" and substitute “rates".
AB251-ASA1-AA3,1,6 43. Page 3, line 23: delete the material beginning with “(a)" and ending with
5calculated" on line 24 and substitute “(a) 1. For purposes of this paragraph, the tax
6rate reductions shall be calculated”.
AB251-ASA1-AA3,1,10 74. Page 4, line 2: delete “1" and substitute “so that 50 percent of the estimation
8under par. (a) 1. is used to reduce the 1st individual income tax rate listed in each
9bracket and the remaining 50 percent is used to reduce the 2nd individual income
10tax rate listed in each bracket
".
AB251-ASA1-AA3,1,11 115. Page 4, line 5: delete “2nd" and substitute “1st and 2nd".
AB251-ASA1-AA3,2,1
16. Page 4, line 5: delete “rate" and substitute “rates".
AB251-ASA1-AA3,2,6 27. Page 4, line 8: after “2." insert “For purposes of this paragraph, the tax rate
3reductions shall be calculated so that 50 percent of the estimation under par. (a) 2.
4is used to reduce the 1st individual income tax rate listed in each bracket and the
5remaining 50 percent is used to reduce the 2nd individual income tax rate listed in
6each bracket.".
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