LRBa2657/1
JK:med&jld:rs
2011 - 2012 LEGISLATURE
SENATE AMENDMENT 3,
TO 2011 SENATE BILL 463
March 6, 2012 - Offered by Senators
Hansen, Taylor, Holperin, C. Larson, King,
Wirch, Risser, Miller, Lassa and Vinehout.
SB463-SA3,1,3
21. Page 1, line 4: after "programs" insert "and eliminating deductions for
3moving expenses for businesses that move out of the state".
SB463-SA3,1,5
5"
Section 1b. 71.05 (6) (a) 25. of the statutes is created to read:
SB463-SA3,1,96
71.05
(6) (a) 25. For taxable years beginning after December 31, 2011, the
7amount deducted under section
162 of the Internal Revenue Code as expenses paid
8or incurred during the taxable year to move the taxpayer's business operation, in
9whole or in part, to a location outside of the state.".
SB463-SA3,1,12
12"
Section 1f. 71.21 (6) of the statutes is created to read:
SB463-SA3,2,4
171.21
(6) For taxable years beginning after December 31, 2011, a deduction
2under section
162 of the Internal Revenue Code for expenses paid or incurred during
3the taxable year to move the taxpayer's business operation, in whole or in part, to a
4location outside of the state is not allowed.
SB463-SA3, s. 1h
5Section 1h. 71.26 (3) (e) 4. of the statutes is created to read:
SB463-SA3,2,96
71.26
(3) (e) 4. For taxable years beginning after December 31, 2011, so that
7expenses paid or incurred during the taxable year to move the taxpayer's business
8operation, in whole or in part, to a location outside of the state may not be deducted
9as provided under section
162 of the Internal Revenue Code.
SB463-SA3, s. 1j
10Section 1j. 71.34 (1k) (m) of the statutes is created to read:
SB463-SA3,2,1411
71.34
(1k) (m) For taxable years beginning after December 31, 2011, an
12addition shall be made for any amount deducted under section
162 of the Internal
13Revenue Code as expenses paid or incurred during the taxable year to move the
14taxpayer's business operation, in whole or in part, to a location outside of the state.
SB463-SA3, s. 1L
15Section 1L. 71.45 (2) (a) 19. of the statutes is created to read:
SB463-SA3,2,2016
71.45
(2) (a) 19. For taxable years beginning after December 31, 2011, by
17adding to federal taxable income any amount deducted under section
162 of the
18Internal Revenue Code as expenses paid or incurred during the taxable year to move
19the taxpayer's business operation, in whole or in part, to a location outside of the
20state.".
