This is the preview version of the Wisconsin State Legislature site.
Please see http://docs.legis.wisconsin.gov for the production version.
December 21, 2023 - Offered by Senator Feyen.
SB623-SA1,1,11 At the locations indicated, amend the bill as follows:
SB623-SA1,1,2 21. Page 1, line 5: delete “and making an appropriation".
SB623-SA1,1,3 32. Page 2, line 1: delete lines 1 to 3.
SB623-SA1,1,4 43. Page 2, line 14: after that line insert:
SB623-SA1,1,5 5 Section 3m. 71.05 (6) (b) 57. of the statutes is created to read:
SB623-SA1,1,116 71.05 (6) (b) 57. For taxable years beginning after December 31, 2023, the
7amount of any income received in the form of a payment made by an employer
8directly to a child care program that qualifies the employer for a credit under s. 71.07
9(8s) (b) 4., 71.28 (8s) (b) 4., or 71.47 (8s) (b) 4., to the extent the amount is not excluded
10from income under section 129 of the Internal Revenue Code and to the extent the
11amount is not used to claim a credit under section 21 of the Internal Revenue Code.”.
SB623-SA1,1,12 124. Page 2, line 18: after “a program" insert “located in this state".
SB623-SA1,2,1
15. Page 3, line 7: delete “2022," and substitute “2023,".
SB623-SA1,2,3 26. Page 3, line 17: delete the material beginning with “nonprofit" and ending
3with “Code" on line 18 and substitute “child care center licensed under s. 48.65”.
SB623-SA1,2,5 47. Page 3, line 22: delete “expenses" and substitute “direct operating expenses,
5excluding qualifying capital expenditures, reasonably".
SB623-SA1,2,6 68. Page 5, line 1: delete lines 1 to 17 and substitute:
SB623-SA1,2,8 7“(d) Administration. Section 71.28 (4) (e) to (h), as it applies to the credit under
8s. 71.28 (4), applies to the credit under this subsection.
SB623-SA1,4m 9Section 4m. 71.10 (4) (fd) of the statutes is created to read:
SB623-SA1,2,1010 71.10 (4) (fd) Employer child care program credit under s. 71.07 (8s).”.
SB623-SA1,2,11 119. Page 6, line 24: delete “2022," and substitute “2023,".
SB623-SA1,2,13 1210. Page 7, line 9: delete the material beginning with “nonprofit" and ending
13with “Code" on line 10 and substitute “child care center licensed under s. 48.65”.
SB623-SA1,2,15 1411. Page 7, line 14: delete “expenses" and substitute “direct operating
15expenses, excluding qualifying capital expenditures, reasonably".
SB623-SA1,2,17 1612. Page 8, line 19: delete the material beginning with that line and ending
17with page 9, line 7, and substitute:
SB623-SA1,2,19 18“(d) Administration. Subsection (4) (e) to (h), as it applies to the credit under
19sub. (4), applies to the credit under this subsection.
SB623-SA1,10m 20Section 10m. 71.30 (3) (cu) of the statutes is created to read:
SB623-SA1,2,2121 71.30 (3) (cu) Employer child care program credit under s. 71.28 (8s).”.
SB623-SA1,2,22 2213. Page 10, line 8: delete “2022," and substitute “2023,".
SB623-SA1,3,3
114. Page 10, line 18: delete the material beginning with “nonprofit" and
2ending with “Code" on line 19 and substitute “child care center licensed under s.
348.65”.
SB623-SA1,3,5 415. Page 10, line 23: delete “expenses" and substitute “direct operating
5expenses, excluding qualifying capital expenditures, reasonably".
SB623-SA1,3,6 616. Page 12, line 3: delete lines 3 to 15 and substitute:
SB623-SA1,3,8 7“(d) Administration. Section 71.28 (4) (e) to (h), as it applies to the credit under
8s. 71.28 (4), applies to the credit under this subsection.
SB623-SA1,15m 9Section 15m. 71.49 (1) (cu) of the statutes is created to read:
SB623-SA1,3,1010 71.49 (1) (cu) Employer child care program credit under s. 71.47 (8s).”.
Loading...
Loading...