Wisconsin Legislature: SB690-SA1,1,2

LRBa1009/1

JK:cdc

2021 - 2022 LEGISLATURE

SENATE AMENDMENT 1,
TO SENATE BILL 690

January 10, 2022 - Offered by Senator Roth.

1 At the locations indicated, amend the bill as follows:

21. Page 2, line 2: delete “pursuant to" and substitute “under section 5003 of".

32. Page 2, line 5: after “deductible." insert “Amounts excluded under this
4paragraph by a tax-option corporation or partnership shall be treated as tax-exempt
5income for purposes of sections 705 and 1366 of the Internal Revenue Code.".

63. Page 2, line 8: delete “pursuant to" and substitute “under section 5003 of".

74. Page 2, line 10: after “deductible." insert “Amounts excluded under this
8subdivision by a tax-option corporation or partnership shall be treated as
9tax-exempt income for purposes of sections 705 and 1366 of the Internal Revenue
10Code.".

115. Page 3, line 9: delete “pursuant to" and substitute “under section 5003 of".

16. Page 3, line 11: after “deductible." insert “Amounts excluded under this
2paragraph by a tax-option corporation or partnership shall be treated as tax-exempt
3income for purposes of sections 705 and 1366 of the Internal Revenue Code.".

47. Page 3, line 14: delete “pursuant to" and substitute “under section 5003 of".

58. Page 3, line 16: after “deductible." insert “Amounts excluded under this
6paragraph by a tax-option corporation or partnership shall be treated as tax-exempt
7income for purposes of sections 705 and 1366 of the Internal Revenue Code.".

89. Page 3, line 20: delete “pursuant to" and substitute “under section 5003 of".

910. Page 3, line 22: after “deductible." insert “Amounts excluded under this
10subdivision by a tax-option corporation or partnership shall be treated as
11tax-exempt income for purposes of sections 705 and 1366 of the Internal Revenue
12Code.".

13 (End)