SB720,76
21Section
76. 79.035 (6) of the statutes is amended to read:
SB720,38,222
79.035
(6) Beginning with the distributions in 2016 and ending with the
23distributions in 2035, the annual payment under
this section s. 79.02 (1) to a county
24in which a sports and entertainment arena, as defined in s. 229.41 (11e), is located
1shall be the amount otherwise determined for the county under this section, minus
2$4,000,000.
SB720,77
3Section
77. 79.035 (7) (b) of the statutes is amended to read:
SB720,38,124
79.035
(7) (b) Beginning with the first payment due under
this section s. 79.02
5(1) after the county or municipality receives a grant under s. 16.047 (4m), the
6department of administration shall apply the reduction determined under par. (a) for
7each county and municipality by reducing 10 consecutive annual payments under
8this section s. 79.02 (1) to the county or municipality by equal amounts.
If in any year
9the reduction under this paragraph for a county or municipality exceeds the payment
10under this section for the county or municipality, the department of administration
11shall apply the excess amount of the reduction to the payment to the county or
12municipality under s. 79.04.
SB720,78
13Section 78
. 79.05 (1) (am) of the statutes is amended to read:
SB720,38,1814
79.05
(1) (am) “Inflation factor" means a percentage equal to the average
15annual percentage change in the U.S. consumer price index for all urban consumers,
16U.S. city average, as determined by the U.S. department of labor, for the 12 months
17ending on
September 30 August 31 of the year before the statement under s. 79.015,
18except that the percentage under this paragraph shall not be less than zero.
SB720,79
19Section 79
. 79.05 (2m) of the statutes is amended to read:
SB720,38,2220
79.05
(2m) Annually, on
November
October 1, the department of revenue shall
21certify the appropriate percentage change in the consumer price index that is to be
22used in the requirement under sub. (1) (am) to the joint committee on finance.
SB720,80
23Section
80.
Initial applicability.
SB720,38,2524
(1)
Homestead credit. The treatment of ss. 71.52 (1g) and 71.55 (10) first
25applies to claims filed after December 31, 2019.
SB720,39,3
1(2)
Situs of income by nonresidents. The treatment of ss. 71.04 (1) (a), (b), and
2(c), (3) (b), (4) (intro.), (9), and (9m) and 71.25 (6) (intro.) first applies to taxable years
3beginning after December 31, 2019.
SB720,39,64
(3)
Reductions in shared revenue. The treatment of ss. 48.561 (3) (a) 3. and
5(b), 66.0602 (6) (a) and (b), 66.1105 (6m) (d) 4., 70.855 (4) (b), 70.995 (14) (b), 79.02
6(3) (e), and 79.035 (6) and (7) (b) first applies to the distributions made in 2021.
SB720,81
7Section
81.
Effective dates. This act takes effect on the day after publication,
8except as follows:
SB720,39,109
(1)
Objections to manufacturing assessments. The treatment of s. 70.995 (8)
10(c) 1. and 2. and (d) takes effect on the first January 1 after publication.
SB720,39,1211
(2)
Board of review training. The treatment of s. 70.46 (4) takes effect on the
12first January 1 after publication.
SB720,39,1413
(3)
Omitted property. The treatment of s. 74.315 (1), (1m), (2), and (3) takes
14effect on January 1, 2021.