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LRBa0164/1
JK:amn
2021 - 2022 LEGISLATURE
SENATE AMENDMENT 7,
TO SENATE BILL 2
February 16, 2021 - Offered by Senator Carpenter.
SB2-SA7,1,11 At the locations indicated, amend the bill as follows:
SB2-SA7,1,2 21. Page 15, line 9: after that line insert:
SB2-SA7,1,3 3 Section 25m. 71.05 (6) (a) 30. of the statutes is created to read:
SB2-SA7,1,74 71.05 (6) (a) 30. For taxable years beginning after December 31, 2018, the
5amount of the loans under sections 276 (a) and (b) and 278 (a) of Division N of P.L.
6116-260 forgiven in the taxable year received for the operation of a business owned
7in whole or in part by a Wisconsin state legislator.”.
SB2-SA7,1,8 82. Page 26, line 5: after that line insert:
SB2-SA7,1,9 9 Section 53m. 71.26 (2) (a) 13. of the statutes is created to read:
SB2-SA7,1,1310 71.26 (2) (a) 13. For taxable years beginning after December 31, 2018, plus the
11amount of the loans under sections 276 (a) and (b) and 278 (a) of Division N of P.L.
12116-260 forgiven in the taxable year received for the operation of a business owned
13in whole or in part by a Wisconsin state legislator.”.
SB2-SA7,2,1
13. Page 33, line 21: after that line insert:
SB2-SA7,2,2 2 Section 70m. 71.34 (1k) (q) of the statutes is created to read:
SB2-SA7,2,63 71.34 (1k) (q) For taxable years beginning after December 31, 2018, an addition
4shall be made for the amount of the loans under sections 276 (a) and (b) and 278 (a)
5of Division N of P.L. 116-260 forgiven in the taxable year received for the operation
6of a business owned in whole or in part by a Wisconsin state legislator.” .
SB2-SA7,2,7 74. Page 37, line 3: after that line insert:
SB2-SA7,2,8 8 Section 80m. 71.45 (2) (a) 22. of the statutes is created to read:
SB2-SA7,2,129 71.45 (2) (a) 22. For taxable years beginning after December 31, 2018, by
10adding to federal taxable income the amount of the loans under sections 276 (a) and
11(b) and 278 (a) of Division N of P.L. 116-260 forgiven in the taxable year received for
12the operation of a business owned in whole or in part by a Wisconsin state legislator.”.
SB2-SA7,2,1313 (End)
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