Amendment AA2-SB720

LRBa1388/1

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2019 - 2020 LEGISLATURE

ASSEMBLY AMENDMENT 2, TO SENATE BILL 720

February 20, 2020 - Offered by Representative Wittke.

SB720-AA2,1,2 At the locations indicated, amend the bill, as shown by senate substitute amendment 1, as follows:

SB720-AA2,1,3 1. Page 8, line 15: after that line insert:

SB720-AA2,1,4 “ Section 7m. 70.11 (4) (b) 3. of the statutes is created to read:

SB720-AA2,1,8 70.11 (4) (b) 3. Leasing all or part of property described in par. (a) that is owned by a church or religious association or institution to an educational association or institution exempt under par. (a) does not render the property taxable, regardless of how the lessor uses the leasehold income.”.

SB720-AA2,1,10 2. Page 15, line 21: delete the material beginning with that line and ending with page 16, line 25.

SB720-AA2,1,11 3. Page 48, line 25: after that line insert:

SB720-AA2,2,3 “(1m) Leasing tax-exempt property of a church or religious organization. The treatment of s. 70.11 (4) (b) 3. first applies to the property tax assessments as of January 1, 2020.”.

SB720-AA2,2,4 (End)