Amendment AA1-AB532

LRBa0799/1

EKL:skw

2019 - 2020 LEGISLATURE

ASSEMBLY AMENDMENT 1, TO ASSEMBLY BILL 532

January 6, 2020 - Offered by Representative VanderMeer.

AB532-AA1,1,1 At the locations indicated, amend the bill as follows:

AB532-AA1,1,2 1. Page 4, line 3: delete “2018" and substitute “2019".

AB532-AA1,1,4 2. Page 4, line 11: delete “A" and substitute “No later than January 31 of the year following the close of the fund's taxable year, a".

AB532-AA1,1,5 3. Page 4, line 14: after that line insert:

AB532-AA1,1,10 “(e) An individual partner, member, or shareholder may not make a subtraction under par. (b) if the entity of which the individual is a partner, member, or shareholder makes a subtraction under par. (b) when computing net income under s. 71.21 (6) (d) 1. or makes a subtraction under s. 71.34 (1k) (p) when computing net income under s. 71.365 (4m) (d) 1.”.

AB532-AA1,1,11 4. Page 4, line 16: delete “2018" and substitute “2019".

AB532-AA1,2,2 5. Page 4, line 23: delete “A" and substitute “No later than January 31 of the year following the close of the fund's taxable year, a".

AB532-AA1,2,3 6. Page 5, line 1: delete “2018" and substitute “2019".

AB532-AA1,2,5 7. Page 5, line 9: delete “A" and substitute “No later than January 31 of the year following the close of the fund's taxable year, a".

AB532-AA1,2,6 8. Page 5, line 12: delete “2018" and substitute “2019".

AB532-AA1,2,8 9. Page 5, line 20: delete “A" and substitute “No later than January 31 of the year following the close of the fund's taxable year, a".

AB532-AA1,2,9 10. Page 6, line 5: delete “2018" and substitute “2019".

AB532-AA1,2,10 (End)