Senate Bill 913 proposes several amendments to existing statutes, primarily aimed at streamlining definitions and tax computations. Notably, the bill eliminates the definition of "relative" in the context of the state lottery and repeals a definition of "relative" in another statute, replacing it with "immediate family member." Additionally, it modifies the definition of taxable property in tax incremental districts by removing references to personal taxable property, thereby focusing solely on real taxable property.

The bill also introduces changes to the order of tax withholdings and deposits in income tax computations, specifically adding provisions for nonresident members of pass-through entities and nonresident entertainers. Furthermore, it eliminates a provision that prorates the economic development surcharge for businesses based on the number of days they operate in Wisconsin during the taxable year. These changes are presented as remedial legislation suggested by the Department of Revenue, aimed at improving clarity and efficiency in tax administration.

Statutes affected:
Bill Text: 77.94(2), 77.94, 565.01(5), 565.01