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SB623-SA2,1,3 32. Page 2, line 1: delete lines 1 to 3.
SB623-SA2,1,4 43. Page 2, line 14: after that line insert:
SB623-SA2,1,5 5 Section 3m. 71.05 (6) (b) 57. of the statutes is created to read:
SB623-SA2,1,116 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-SA2,1,12 124. Page 2, line 18: after “a program" insert “located in this state".
SB623-SA2,2,1
15. Page 3, line 1: after “operates" insert “or offers".
SB623-SA2,2,2 26. Page 3, line 7: delete “2022," and substitute “2023,".
SB623-SA2,2,5 37. Page 3, line 17: delete the material beginning with “nonprofit" and ending
4with “Code" on line 18 and substitute “child care center licensed under s. 48.65 or
5child care provider certified under s. 48.651”.
SB623-SA2,2,7 68. Page 3, line 22: delete “expenses" and substitute “direct operating expenses,
7excluding qualifying capital expenditures, reasonably".
SB623-SA2,2,8 89. Page 5, line 1: delete lines 1 to 17 and substitute:
SB623-SA2,2,10 9“(d) Administration. Section 71.28 (4) (e) to (h), as it applies to the credit under
10s. 71.28 (4), applies to the credit under this subsection.
SB623-SA2,4m 11Section 4m. 71.10 (4) (fd) of the statutes is created to read:
SB623-SA2,2,1212 71.10 (4) (fd) Employer child care program credit under s. 71.07 (8s).”.
SB623-SA2,2,13 1310. Page 6, line 20: after “operates" insert “or offers".
SB623-SA2,2,14 1411. Page 6, line 24: delete “2022," and substitute “2023,".
SB623-SA2,2,17 1512. Page 7, line 9: delete the material beginning with “nonprofit" and ending
16with “Code" on line 10 and substitute “child care center licensed under s. 48.65 or
17child care provider certified under s. 48.651”.
SB623-SA2,2,19 1813. Page 7, line 14: delete “expenses" and substitute “direct operating
19expenses, excluding qualifying capital expenditures, reasonably".
SB623-SA2,2,21 2014. Page 8, line 19: delete the material beginning with that line and ending
21with page 9, line 7, and substitute:
SB623-SA2,2,23 22“(d) Administration. Subsection (4) (e) to (h), as it applies to the credit under
23sub. (4), applies to the credit under this subsection.
SB623-SA2,10m
1Section 10m. 71.30 (3) (cu) of the statutes is created to read:
SB623-SA2,3,22 71.30 (3) (cu) Employer child care program credit under s. 71.28 (8s).”.
SB623-SA2,3,3 315. Page 10, line 4: after “operates" insert “or offers".
SB623-SA2,3,4 416. Page 10, line 8: delete “2022," and substitute “2023,".
SB623-SA2,3,7 517. Page 10, line 18: delete the material beginning with “nonprofit" and
6ending with “Code" on line 19 and substitute “child care center licensed under s.
748.65 or child care provider certified under s. 48.651”.
SB623-SA2,3,9 818. Page 10, line 23: delete “expenses" and substitute “direct operating
9expenses, excluding qualifying capital expenditures, reasonably".
SB623-SA2,3,10 1019. Page 12, line 3: delete lines 3 to 15 and substitute:
SB623-SA2,3,12 11“(d) Administration. Section 71.28 (4) (e) to (h), as it applies to the credit under
12s. 71.28 (4), applies to the credit under this subsection.
SB623-SA2,15m 13Section 15m. 71.49 (1) (cu) of the statutes is created to read:
SB623-SA2,3,1414 71.49 (1) (cu) Employer child care program credit under s. 71.47 (8s).”.
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