LRBa0164/1
JK:amn
2021 - 2022 LEGISLATURE
SENATE AMENDMENT 7,
TO SENATE BILL 2
February 16, 2021 - Offered by Senator Carpenter.
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-SA7,1,9
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-SA7,2,2
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-SA7,2,8
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.”.
