SB55-ASA1-AA9,1,76
1. "Claimant" means an individual who is eligible for, and claims, the federal
7credit.
SB55-ASA1-AA9,1,108
2. "Federal credit" means the federal tax credit, for expenses for household and
9dependent care services necessary for gainful employment, under section
21 of the
10Internal Revenue Code.
SB55-ASA1-AA9,2,211
(b)
Filing claims. Subject to the limitations provided in this subsection, a
12claimant may claim as a credit against the tax imposed under s. 71.02, up to the
1amount of those taxes, an amount equal to 50% of the amount of the credit claimed
2by the claimant under the federal credit in the year to which the claim relates.
SB55-ASA1-AA9,2,43
(c)
Limitations. 1. No credit may be allowed under this subsection unless it
4is claimed within the time period under s. 71.75 (2).
SB55-ASA1-AA9,2,145
2. For a claimant who is a nonresident or part-year resident of this state and
6who is a single person or a married person filing a separate return, multiply the
7credit for which the claimant is eligible under par. (b) by a fraction the numerator of
8which is the individual's Wisconsin adjusted gross income and the denominator of
9which is the individual's federal adjusted gross income. If a claimant is married and
10files a joint return, and if the claimant or the claimant's spouse, or both, are
11nonresidents or part-year residents of this state, multiply the credit for which the
12claimant is eligible under par. (b) by a fraction the numerator of which is the couple's
13joint Wisconsin adjusted gross income and the denominator of which is the couple's
14joint federal adjusted gross income.
SB55-ASA1-AA9,2,1615
(d)
Administration. Subsection (9e) (d), to the extent that it applies to the credit
16under that subsection, applies to the credit under this subsection.".
SB55-ASA1-AA9,2,2019
71.10
(4) (ce) The child and dependent expenses care credit under s. 71.07
20(6e).".
SB55-ASA1-AA9,3,3
22"(4cc)
Child and dependent care expenses credit. The treatment of sections
2371.07 (6e) and 71.10 (4) (ce) of the statutes first applies to taxable years beginning
24on January 1 of the year in which this subsection takes effect, except that if this
1subsection takes effect after July 31 the treatment of sections 71.07 (6e) and 71.10
2(4) (ce) of the statutes first applies to taxable years beginning on January 1 of the year
3following the year in which this subsection takes effect.".
