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LRBa0048/1
JK&MDE:amn
2023 - 2024 LEGISLATURE
SENATE AMENDMENT 1,
TO SENATE BILL 40
March 16, 2023 - Offered by Senator Feyen.
SB40-SA1,1,11 At the locations indicated, amend the bill as follows:
SB40-SA1,1,2 21. Page 2, line 1: delete lines 1 to 21 and substitute:
SB40-SA1,1,3 3 Section 1b. 71.07 (8b) (c) 2. of the statutes is amended to read:
SB40-SA1,2,104 71.07 (8b) (c) 2. A partnership, limited liability company, or tax-option
5corporation may not claim the credit under this subsection. The partners of a
6partnership, members of a limited liability company, or shareholders in a tax-option
7corporation may claim the credit under this subsection based on eligible costs
8incurred by the partnership, limited liability company, or tax-option corporation.
9The partnership, limited liability company, or tax-option corporation shall calculate
10the amount of the credit that may be claimed by each partner, member, or
11shareholder and shall provide that information to the partner, member, or
12shareholder. For shareholders of a tax-option corporation, the credit may be
13allocated in proportion to the ownership interest of each shareholder. Credits

1computed by a partnership or limited liability company may be claimed in proportion
2to the ownership interests of the partners or members or allocated to partners or
3members as provided in a written agreement among the partners or members that
4is entered into no later than the last day of the taxable year of the partnership or
5limited liability company, for which the credit is claimed. Any partner or member
6who claims the credit as allocated by a written agreement shall provide a copy of the
7agreement with the tax return on which the credit is claimed. A Except as provided
8in s. 71.745, a
person claiming the credit as provided under this subdivision is solely
9responsible for any tax liability arising from a dispute with the department of
10revenue related to claiming the credit.
SB40-SA1,1d 11Section 1d. 71.28 (8b) (c) 2. of the statutes is amended to read:
SB40-SA1,3,612 71.28 (8b) (c) 2. A partnership, limited liability company, or tax-option
13corporation may not claim the credit under this subsection. The partners of a
14partnership, members of a limited liability company, or shareholders in a tax-option
15corporation may claim the credit under this subsection based on eligible costs
16incurred by the partnership, limited liability company, or tax-option corporation.
17The partnership, limited liability company, or tax-option corporation shall calculate
18the amount of the credit that may be claimed by each partner, member, or
19shareholder and shall provide that information to the partner, member, or
20shareholder. For shareholders of a tax-option corporation, the credit may be
21allocated in proportion to the ownership interest of each shareholder. Credits
22computed by a partnership or limited liability company may be claimed in proportion
23to the ownership interests of the partners or members or allocated to partners or
24members as provided in a written agreement among the partners or members that
25is entered into no later than the last day of the taxable year of the partnership or

1limited liability company, for which the credit is claimed. Any partner or member
2who claims the credit as allocated by a written agreement shall provide a copy of the
3agreement with the tax return on which the credit is claimed. A Except as provided
4in s. 71.745, a
person claiming the credit as provided under this subdivision is solely
5responsible for any tax liability arising from a dispute with the department of
6revenue related to claiming the credit.
SB40-SA1,2d 7Section 2d. 71.47 (8b) (c) 2. of the statutes is amended to read:
SB40-SA1,4,28 71.47 (8b) (c) 2. A partnership, limited liability company, or tax-option
9corporation may not claim the credit under this subsection. The partners of a
10partnership, members of a limited liability company, or shareholders in a tax-option
11corporation may claim the credit under this subsection based on eligible costs
12incurred by the partnership, limited liability company, or tax-option corporation.
13The partnership, limited liability company, or tax-option corporation shall calculate
14the amount of the credit that may be claimed by each partner, member, or
15shareholder and shall provide that information to the partner, member, or
16shareholder. For shareholders of a tax-option corporation, the credit may be
17allocated in proportion to the ownership interest of each shareholder. Credits
18computed by a partnership or limited liability company may be claimed in proportion
19to the ownership interests of the partners or members or allocated to partners or
20members as provided in a written agreement among the partners or members that
21is entered into no later than the last day of the taxable year of the partnership or
22limited liability company, for which the credit is claimed. Any partner or member
23who claims the credit as allocated by a written agreement shall provide a copy of the
24agreement with the tax return on which the credit is claimed. A Except as provided
25in s. 71.745, a
person claiming the credit as provided under this subdivision is solely

1responsible for any tax liability arising from a dispute with the department of
2revenue related to claiming the credit.”.
SB40-SA1,4,4 32. Page 3, line 20: delete the material beginning with that line and ending with
4page 4, line 5.
SB40-SA1,4,55 (End)
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