Amendment SA2-SB623

SENATE AMENDMENT 2, TO SENATE BILL 623

January 19, 2024 - Offered by Senator Feyen.

SB623-SA2,1,1 At the locations indicated, amend the bill as follows:

SB623-SA2,1,2 1. Page 1, line 5: delete “and making an appropriation".

SB623-SA2,1,3 2. Page 2, line 1: delete lines 1 to 3.

SB623-SA2,1,4 3. Page 2, line 14: after that line insert:

SB623-SA2,1,5 “ Section 3m. 71.05 (6) (b) 57. of the statutes is created to read:

SB623-SA2,1,11 71.05 (6) (b) 57. For taxable years beginning after December 31, 2023, the amount of any income received in the form of a payment made by an employer directly to a child care program that qualifies the employer for a credit under s. 71.07 (8s) (b) 4., 71.28 (8s) (b) 4., or 71.47 (8s) (b) 4., to the extent the amount is not excluded from income under section 129 of the Internal Revenue Code and to the extent the amount is not used to claim a credit under section 21 of the Internal Revenue Code.”.

SB623-SA2,1,12 4. Page 2, line 18: after “a program" insert “located in this state".

SB623-SA2,2,1 5. Page 3, line 1: after “operates" insert “or offers".

SB623-SA2,2,2 6. Page 3, line 7: delete “2022," and substitute “2023,".

SB623-SA2,2,5 7. Page 3, line 17: delete the material beginning with “nonprofit" and ending with “Code" on line 18 and substitute “child care center licensed under s. 48.65 or child care provider certified under s. 48.651”.

SB623-SA2,2,7 8. Page 3, line 22: delete “expenses" and substitute “direct operating expenses, excluding qualifying capital expenditures, reasonably".

SB623-SA2,2,8 9. Page 5, line 1: delete lines 1 to 17 and substitute:

SB623-SA2,2,10 “(d) Administration. Section 71.28 (4) (e) to (h), as it applies to the credit under s. 71.28 (4), applies to the credit under this subsection.

SB623-SA2,4m Section 4m. 71.10 (4) (fd) of the statutes is created to read:

SB623-SA2,2,12 71.10 (4) (fd) Employer child care program credit under s. 71.07 (8s).”.

SB623-SA2,2,13 10. Page 6, line 20: after “operates" insert “or offers".

SB623-SA2,2,14 11. Page 6, line 24: delete “2022," and substitute “2023,".

SB623-SA2,2,17 12. Page 7, line 9: delete the material beginning with “nonprofit" and ending with “Code" on line 10 and substitute “child care center licensed under s. 48.65 or child care provider certified under s. 48.651”.

SB623-SA2,2,19 13. Page 7, line 14: delete “expenses" and substitute “direct operating expenses, excluding qualifying capital expenditures, reasonably".

SB623-SA2,2,21 14. Page 8, line 19: delete the material beginning with that line and ending with page 9, line 7, and substitute:

SB623-SA2,2,23 “(d) Administration. Subsection (4) (e) to (h), as it applies to the credit under sub. (4), applies to the credit under this subsection.

SB623-SA2,10m Section 10m. 71.30 (3) (cu) of the statutes is created to read:

SB623-SA2,3,2 71.30 (3) (cu) Employer child care program credit under s. 71.28 (8s).”.

SB623-SA2,3,3 15. Page 10, line 4: after “operates" insert “or offers".

SB623-SA2,3,4 16. Page 10, line 8: delete “2022," and substitute “2023,".

SB623-SA2,3,7 17. Page 10, line 18: delete the material beginning with “nonprofit" and ending with “Code" on line 19 and substitute “child care center licensed under s. 48.65 or child care provider certified under s. 48.651”.

SB623-SA2,3,9 18. Page 10, line 23: delete “expenses" and substitute “direct operating expenses, excluding qualifying capital expenditures, reasonably".

SB623-SA2,3,10 19. Page 12, line 3: delete lines 3 to 15 and substitute:

SB623-SA2,3,12 “(d) Administration. Section 71.28 (4) (e) to (h), as it applies to the credit under s. 71.28 (4), applies to the credit under this subsection.

SB623-SA2,15m Section 15m. 71.49 (1) (cu) of the statutes is created to read:

SB623-SA2,3,14 71.49 (1) (cu) Employer child care program credit under s. 71.47 (8s).”.

SB623-SA2,3,15 (End)