Amendment SA1-SB67

LRBa0084/1

JK:cjs

2019 - 2020 LEGISLATURE

SENATE AMENDMENT 1, TO SENATE BILL 67

March 12, 2019 - Offered by Senator Wanggaard.

SB67-SA1,1,1 At the locations indicated, amend the bill as follows:

SB67-SA1,1,6 1. Page 2, line 9: after “taxes." insert “Except as provided under s. 77.60 (9), the department of revenue may not issue any assessment nor act on any claim for a refund or any claim for an adjustment under s. 77.585 after the end of the calendar year that is 4 years after the year in which a local professional baseball park district tax has terminated.".

SB67-SA1,1,7 2. Page 2, line 9: after that line insert:

SB67-SA1,1,8 “ Section 1m. 77.76 (3m) of the statutes is amended to read:

SB67-SA1,3,2 77.76 (3m) From the appropriation under s. 20.835 (4) (gb) the department, for the first 2 years of collection, shall distribute 97 percent of the taxes reported for each local professional baseball park district that has imposed taxes under this subchapter, minus the district portion of the retailers' discounts, to the local professional baseball park district no later than the end of the 3rd month following the end of the calendar quarter in which such amounts were reported. From the appropriation under s. 20.835 (4) (gb) the department, after the first 2 years of collection, shall distribute 98.5 percent of the taxes reported for each local professional baseball park district that has imposed taxes under this subchapter, minus the district portion of the retailers' discount, to the local professional baseball park district no later than the end of the 3rd month following the end of the calendar quarter in which such amounts were reported. At the time of distribution the department shall indicate the taxes reported by each taxpayer. In this subsection, the “district portion of the retailers' discount" is the amount determined by multiplying the total retailers' discount by a fraction the numerator of which is the gross local professional baseball park district sales and use taxes payable and the denominator of which is the sum of the gross state and local professional baseball park district sales and use taxes payable. The local professional baseball park district taxes distributed shall be increased or decreased to reflect subsequent refunds, audit adjustments and all other adjustments of the local professional baseball park district taxes previously distributed. Interest paid on refunds of local professional baseball park district sales and use taxes shall be paid from the appropriation under s. 20.835 (4) (gb) at the rate paid by this state under s. 77.60 (1) (a). After receiving notice from the department of revenue, a local professional baseball park district shall reimburse the department for the amount by which any refunds, including interest, of the local professional baseball park district sales and use taxes that the department pays or allows in a reporting period exceeds the amount of the local professional baseball park district's sales and use taxes otherwise payable to the local professional baseball park district under this subsection for the same or subsequent reporting period. Any local professional baseball park district receiving a report under this subsection is subject to the duties of confidentiality to which the department of revenue is subject under s. 77.61 (5) and (6).”.

SB67-SA1,3,3 3. Page 2, line 22: after that line insert:

SB67-SA1,3,4 “ Section 3m. 229.685 (1) of the statutes is amended to read:

SB67-SA1,3,9 229.685 (1) The district board shall maintain a special fund into which it deposits only the revenue received from the department of revenue, that is derived from the taxes imposed under subch. V of ch. 77, and may use this revenue only for purposes related to baseball park facilities and for the purposes specified in s. 77.76 (3m).”.

SB67-SA1,3,10 (End)