AB40-ASA1,715,2320 71.07 (3p) (c) 2m. b. The maximum amount of the credits that may be claimed
21by all claimants, other than members of dairy cooperatives, under this subsection
22and ss. 71.28 (3p) and 71.47 (3p) in fiscal year 2008-09, and in each fiscal year
23thereafter, is $700,000, as allocated under s. 93.535 or s. 560.207, 2009 stats.
AB40-ASA1, s. 1825 24Section 1825. 71.07 (3p) (c) 2m. bm. of the statutes is amended to read:
AB40-ASA1,716,7
171.07 (3p) (c) 2m. bm. The maximum amount of the credits that may be claimed
2by members of dairy cooperatives under this subsection and ss. 71.28 (3p) and 71.47
3(3p) in fiscal year 2009-10 is $600,000, as allocated under s. 560.207, 2009 stats., and
4the maximum amount of the credits that may be claimed by members of dairy
5cooperatives under this subsection and ss. 71.28 (3p) and 71.47 (3p) in fiscal year
62010-11, and in each fiscal year thereafter, is $700,000, as allocated under s. 93.535
7or s.
560.207, 2009 stats.
AB40-ASA1, s. 1826d 8Section 1826d. 71.07 (3p) (c) 4. of the statutes is amended to read:
AB40-ASA1,716,139 71.07 (3p) (c) 4. If 2 or more persons own and operate the a dairy manufacturing
10operation facility, each person may claim a credit under par. (b) in proportion to his
11or her ownership interest, except that the aggregate amount of the credits claimed
12by all persons who own and operate the dairy manufacturing operation facility shall
13not exceed $200,000.
AB40-ASA1, s. 1827 14Section 1827. 71.07 (3p) (c) 6. of the statutes is amended to read:
AB40-ASA1,716,1715 71.07 (3p) (c) 6. No credit may be allowed under this subsection unless the
16claimant submits with the claimant's return a copy of the claimant's credit
17certification and allocation under s. 93.535 or s. 560.207, 2009 stats.
AB40-ASA1, s. 1828 18Section 1828. 71.07 (3q) (a) 1. of the statutes is amended to read:
AB40-ASA1,716,2019 71.07 (3q) (a) 1. "Claimant" means a person certified to receive tax benefits
20under s. 238.16 (2) or s. 560.2055 (2), 2009 stats.
AB40-ASA1, s. 1829 21Section 1829. 71.07 (3q) (a) 2. of the statutes is amended to read:
AB40-ASA1,717,222 71.07 (3q) (a) 2. "Eligible employee" means, for taxable years beginning before
23January 1, 2011,
an eligible employee under s. 560.2055 (1) (b) , 2009 stats., who
24satisfies the wage requirements under s. 560.2055 (3) (a) or (b), 2009 stats., or, for

1taxable years beginning after December 31, 2010, an eligible employee under s.
2238.16 (1) (b) who satisfies the wage requirements under s. 238.16 (3) (a) or (b)
.
AB40-ASA1, s. 1830 3Section 1830. 71.07 (3q) (b) (intro.) of the statutes is amended to read:
AB40-ASA1,717,74 71.07 (3q) (b) Filing claims. (intro.) Subject to the limitations provided in this
5subsection and s. 238.16 or s. 560.2055, 2009 stats., for taxable years beginning after
6December 31, 2009, a claimant may claim as a credit against the taxes imposed under
7ss. 71.02 and 71.08 any of the following.
AB40-ASA1, s. 1831 8Section 1831. 71.07 (3q) (b) 1. of the statutes is amended to read:
AB40-ASA1,717,129 71.07 (3q) (b) 1. The amount of wages that the claimant paid to an eligible
10employee in the taxable year, not to exceed 10 percent of such wages, as determined
11by the Wisconsin Economic Development Corporation under s. 238.16 or the
12department of commerce under s. 560.2055, 2009 stats.
AB40-ASA1, s. 1832 13Section 1832. 71.07 (3q) (b) 2. of the statutes is amended to read:
AB40-ASA1,717,1614 71.07 (3q) (b) 2. The amount of the costs incurred by the claimant in the taxable
15year, as determined under s. 238.16 or s. 560.2055, 2009 stats., to undertake the
16training activities described under s. 238.16 (3) (c) or s. 560.2055 (3) (c), 2009 stats.
AB40-ASA1, s. 1833 17Section 1833. 71.07 (3q) (c) 2. of the statutes is amended to read:
AB40-ASA1,717,2018 71.07 (3q) (c) 2. No credit may be allowed under this subsection unless the
19claimant includes with the claimant's return a copy of the claimant's certification for
20tax benefits under s. 238.16 (2) or s. 560.2055 (2) , 2009 stats.
AB40-ASA1, s. 1834 21Section 1834. 71.07 (3q) (c) 3. of the statutes is amended to read:
AB40-ASA1,717,2522 71.07 (3q) (c) 3. The maximum amount of credits that may be awarded under
23this subsection and ss. 71.28 (3q) and 71.47 (3q) for the period beginning on January
241, 2010, and ending on June 30, 2013, is $14,500,000, not including the amount of
25any credits reallocated under s. 238.15 (3) (d) or s. 560.205 (3) (d), 2009 stats.
AB40-ASA1, s. 1835
1Section 1835. 71.07 (3r) (b) of the statutes is amended to read:
AB40-ASA1,718,82 71.07 (3r) (b) Filing claims. Subject to the limitations provided in this
3subsection and s. 93.545 or s. 560.208, 2009 stats., for taxable years beginning after
4December 31, 2008, and before January 1, 2017, a claimant may claim as a credit
5against the taxes imposed under s. 71.02 or 71.08, up to the amount of the tax, an
6amount equal to 10 percent of the amount the claimant paid in the taxable year for
7meat processing modernization or expansion related to the claimant's meat
8processing operation.
AB40-ASA1, s. 1836 9Section 1836. 71.07 (3r) (c) 3. a. of the statutes is amended to read:
AB40-ASA1,718,1210 71.07 (3r) (c) 3. a. The maximum amount of the credits that may be allocated
11under this subsection and ss. 71.28 (3r) and 71.47 (3r) in fiscal year 2009-10 is
12$300,000, as allocated under s. 560.208, 2009 stats.
AB40-ASA1, s. 1837 13Section 1837. 71.07 (3r) (c) 3. b. of the statutes is amended to read:
AB40-ASA1,718,1714 71.07 (3r) (c) 3. b. The maximum amount of the credits that may be allocated
15under this subsection and ss. 71.28 (3r) and 71.47 (3r) in fiscal year 2010-11, and in
16each fiscal year thereafter, is $700,000, as allocated under s. 93.545 or s. 560.208,
172009 stats
.
AB40-ASA1, s. 1838 18Section 1838. 71.07 (3r) (c) 6. of the statutes is amended to read:
AB40-ASA1,718,2119 71.07 (3r) (c) 6. No credit may be allowed under this subsection unless the
20claimant submits with the claimant's return a copy of the claimant's credit
21certification and allocation under s. 93.545 or s. 560.208, 2009 stats.
AB40-ASA1, s. 1839 22Section 1839. 71.07 (3rm) (b) of the statutes is amended to read:
AB40-ASA1,719,423 71.07 (3rm) (b) Filing claims. Subject to the limitations provided in this
24subsection and s. 93.547 or s. 560.209, 2009 stats., for taxable years beginning after
25December 31, 2009, and before January 1, 2016, a claimant may claim as a credit

1against the taxes imposed under s. 71.02 or 71.08, up to the amount of the tax, an
2amount equal to 10 percent of the amount the claimant paid in the taxable year for
3equipment that is used primarily to harvest or process woody biomass that is used
4as fuel or as a component of fuel.
AB40-ASA1, s. 1840 5Section 1840. 71.07 (3rm) (c) 3. of the statutes is amended to read:
AB40-ASA1,719,86 71.07 (3rm) (c) 3. The maximum amount of the credits that may be claimed
7under this subsection and ss. 71.28 (3rm) and 71.47 (3rm) is $900,000, as allocated
8under s. 93.547 or s. 560.209, 2009 stats.
AB40-ASA1, s. 1841 9Section 1841. 71.07 (3rn) (b) of the statutes is amended to read:
AB40-ASA1,719,1610 71.07 (3rn) (b) Filing claims. Subject to the limitations provided in this
11subsection and s. 506.2056 93.54 or s. 560.2056, 2009 stats., for taxable years
12beginning after December 31, 2009, and before January 1, 2017, a claimant may
13claim as a credit against the tax imposed under ss. 71.02 and 71.08, up to the amount
14of the tax, an amount equal to 10 percent of the amount the claimant paid in the
15taxable year for food processing or food warehousing modernization or expansion
16related to the operation of the claimant's food processing plant or food warehouse.
AB40-ASA1, s. 1842 17Section 1842. 71.07 (3rn) (c) 3. a. of the statutes is amended to read:
AB40-ASA1,719,2018 71.07 (3rn) (c) 3. a. The maximum amount of the credits that may be allocated
19under this subsection and ss. 71.28 (3rn) and 71.47 (3rn) in fiscal year 2009-10 is
20$1,000,000, as allocated under s. 560.2056, 2009 stats.
AB40-ASA1, s. 1843 21Section 1843. 71.07 (3rn) (c) 3. b. of the statutes is amended to read:
AB40-ASA1,719,2422 71.07 (3rn) (c) 3. b. The maximum amount of the credits that may be allocated
23under this subsection and ss. 71.28 (3rn) and 71.47 (3rn) in fiscal year 2010-11 is
24$1,200,000, as allocated under s. 560.2056, 2009 stats.
AB40-ASA1, s. 1844 25Section 1844. 71.07 (3rn) (c) 3. c. of the statutes is amended to read:
AB40-ASA1,720,4
171.07 (3rn) (c) 3. c. The maximum amount of the credits that may be allocated
2under this subsection and ss. 71.28 (3rn) and 71.47 (3rn) in fiscal year 2011-12, and
3in each year thereafter, is $700,000, as allocated under s. 93.54 or s. 560.2056, 2009
4stats
.
AB40-ASA1, s. 1845 5Section 1845. 71.07 (3rn) (c) 6. of the statutes is amended to read:
AB40-ASA1,720,86 71.07 (3rn) (c) 6. No credit may be allowed under this subsection unless the
7claimant submits with the claimant's return a copy of the claimant's credit
8certification and allocation under s. 93.54 or s. 560.2056, 2009 stats.
AB40-ASA1, s. 1846 9Section 1846. 71.07 (3t) (b) of the statutes is amended to read:
AB40-ASA1,720,1510 71.07 (3t) (b) Credit. Subject to the limitations provided in this subsection and
11in s. 560.28, 2009 stats., for taxable years beginning after December 31, 2007, a
12claimant may claim as a credit, amortized over 15 taxable years starting with the
13taxable year beginning after December 31, 2007, against the tax imposed under s.
1471.02 and 71.08, up to the amount of the tax, an amount equal to the claimant's
15unused credits under s. 71.07 (3s).
AB40-ASA1, s. 1847 16Section 1847. 71.07 (3t) (c) 1. of the statutes is amended to read:
AB40-ASA1,720,2317 71.07 (3t) (c) 1. No credit may be claimed under this subsection unless the
18claimant submits with the claimant's return a copy of the claimant's certification by
19the department of commerce under s. 560.28, 2009 stats., except that, with regard
20to credits claimed by partners of a partnership, members of a limited liability
21company, or shareholders of a tax-option corporation, the entity shall provide a copy
22of its certification under s. 560.28, 2009 stats., to the partner, member, or shareholder
23to submit with his or her return.
AB40-ASA1, s. 1848 24Section 1848. 71.07 (3w) (a) 2. of the statutes is amended to read:
AB40-ASA1,721,3
171.07 (3w) (a) 2. "Claimant" means a person who is certified to claim tax
2benefits under s. 238.399 (5) or s. 560.799 (5), 2009 stats., and who files a claim under
3this subsection.
AB40-ASA1, s. 1849 4Section 1849. 71.07 (3w) (a) 3. of the statutes is amended to read:
AB40-ASA1,721,65 71.07 (3w) (a) 3. "Full-time employee" means a full-time employee, as defined
6in s. 238.399 (1) (am) or s. 560.799 (1) (am), 2009 stats.
AB40-ASA1, s. 1850 7Section 1850. 71.07 (3w) (a) 4. of the statutes is amended to read:
AB40-ASA1,721,98 71.07 (3w) (a) 4. "Enterprise zone" means a zone designated under s. 238.399
9or s.
560.799, 2009 stats.
AB40-ASA1, s. 1851 10Section 1851. 71.07 (3w) (a) 5d. of the statutes is amended to read:
AB40-ASA1,721,1311 71.07 (3w) (a) 5d. "Tier I county or municipality" means a tier I county or
12municipality, as determined by the department of commerce under s. 238.399 or s.
13560.799, 2009 stats.
AB40-ASA1, s. 1852 14Section 1852. 71.07 (3w) (a) 5e. of the statutes is amended to read:
AB40-ASA1,721,1715 71.07 (3w) (a) 5e. "Tier II county or municipality" means a tier II county or
16municipality, as determined by the department of commerce under s. 238.399 or s.
17560.799, 2009 stats.
AB40-ASA1, s. 1853 18Section 1853. 71.07 (3w) (b) (intro.) of the statutes is amended to read:
AB40-ASA1,721,2219 71.07 (3w) (b) Filing claims; payroll. (intro.) Subject to the limitations
20provided in this subsection and s. 238.399 or s. 560.799, 2009 stats., a claimant may
21claim as a credit against the tax imposed under s. 71.02 or 71.08 an amount
22calculated as follows:
AB40-ASA1, s. 1854 23Section 1854. 71.07 (3w) (b) 5. of the statutes is amended to read:
AB40-ASA1,722,3
171.07 (3w) (b) 5. Multiply the amount determined under subd. 4. by the
2percentage determined by the department of commerce under s. 238.399 or s.
3560.799, 2009 stats., not to exceed 7 percent.
AB40-ASA1, s. 1855 4Section 1855. 71.07 (3w) (bm) 1. of the statutes is amended to read:
AB40-ASA1,722,155 71.07 (3w) (bm) 1. In addition to the credits under par. (b) and subds. 2., 3., and
64., and subject to the limitations provided in this subsection and s. 238.399 or s.
7560.799, 2009 stats., a claimant may claim as a credit against the tax imposed under
8s. 71.02 or 71.08 an amount equal to a percentage, as determined by the department
9of commerce
under s. 238.399 or s. 560.799, 2009 stats., not to exceed 100 percent,
10of the amount the claimant paid in the taxable year to upgrade or improve the
11job-related skills of any of the claimant's full-time employees, to train any of the
12claimant's full-time employees on the use of job-related new technologies, or to
13provide job-related training to any full-time employee whose employment with the
14claimant represents the employee's first full-time job. This subdivision does not
15apply to employees who do not work in an enterprise zone.
AB40-ASA1, s. 1856 16Section 1856. 71.07 (3w) (bm) 2. of the statutes is amended to read:
AB40-ASA1,723,517 71.07 (3w) (bm) 2. In addition to the credits under par. (b) and subds. 1., 3., and
184., and subject to the limitations provided in this subsection and s. 238.399 or s.
19560.799, 2009 stats., a claimant may claim as a credit against the tax imposed under
20s. 71.02 or 71.08 an amount equal to the percentage, as determined by the
21department of commerce
under s. 238.399 or s. 560.799, 2009 stats., not to exceed 7
22percent, of the claimant's zone payroll paid in the taxable year to all of the claimant's
23full-time employees whose annual wages are greater than $20,000 in a tier I county
24or municipality, not including the wages paid to the employees determined under
25par. (b) 1., or greater than $30,000 in a tier II county or municipality, not including

1the wages paid to the employees determined under par. (b) 1., and who the claimant
2employed in the enterprise zone in the taxable year, if the total number of such
3employees is equal to or greater than the total number of such employees in the base
4year. A claimant may claim a credit under this subdivision for no more than 5
5consecutive taxable years.
AB40-ASA1, s. 1857 6Section 1857. 71.07 (3w) (bm) 3. of the statutes is amended to read:
AB40-ASA1,723,127 71.07 (3w) (bm) 3. In addition to the credits under par. (b) and subds. 1., 2., and
84., and subject to the limitations provided in this subsection and s. 238.399 or s.
9560.799, 2009 stats., for taxable years beginning after December 31, 2008, a claimant
10may claim as a credit against the tax imposed under s. 71.02 or 71.08 up to 10 percent
11of the claimant's significant capital expenditures, as determined by the department
12of commerce
under s. 238.399 (5m) or s. 560.799 (5m), 2009 stats.
AB40-ASA1, s. 1858 13Section 1858. 71.07 (3w) (bm) 4. of the statutes is amended to read:
AB40-ASA1,723,2214 71.07 (3w) (bm) 4. In addition to the credits under par. (b) and subds. 1., 2., and
153., and subject to the limitations provided in this subsection and s. 238.399 or s.
16560.799, 2009 stats., for taxable years beginning after December 31, 2009, a claimant
17may claim as a credit against the tax imposed under s. 71.02 or 71.08, up to 1 percent
18of the amount that the claimant paid in the taxable year to purchase tangible
19personal property, items, property, or goods under s. 77.52 (1) (b), (c), or (d), or
20services from Wisconsin vendors, as determined by the department of commerce
21under s. 238.399 (5) (e) or s. 560.799 (5) (e), 2009 stats., except that the claimant may
22not claim the credit under this subdivision and subd. 3. for the same expenditures.
AB40-ASA1, s. 1859 23Section 1859. 71.07 (3w) (c) 3. of the statutes is amended to read:
AB40-ASA1,724,3
171.07 (3w) (c) 3. No credit may be allowed under this subsection unless the
2claimant includes with the claimant's return a copy of the claimant's certification for
3tax benefits under s. 238.399 (5) or (5m) or s. 560.799 (5) or (5m), 2009 stats.
AB40-ASA1, s. 1860 4Section 1860. 71.07 (3w) (d) of the statutes is amended to read:
AB40-ASA1,724,95 71.07 (3w) (d) Administration. Section 71.28 (4) (g) and (h), as it applies to the
6credit under s. 71.28 (4), applies to the credit under this subsection. Claimants shall
7include with their returns a copy of their certification for tax benefits, and a copy of
8the verification of their expenses, from the department of commerce or the Wisconsin
9Economic Development Corporation
.
AB40-ASA1, s. 1861 10Section 1861. 71.07 (5b) (a) 2. of the statutes is amended to read:
AB40-ASA1,724,1211 71.07 (5b) (a) 2. "Fund manager" means an investment fund manager certified
12under s. 238.15 (2) or s. 560.205 (2), 2009 stats.
AB40-ASA1, s. 1862 13Section 1862. 71.07 (5b) (b) 1. of the statutes is amended to read:
AB40-ASA1,724,1914 71.07 (5b) (b) 1. For taxable years beginning after December 31, 2004, subject
15to the limitations provided under this subsection and s. 238.15 or s. 560.205, 2009
16stats.
, and except as provided in subd. 2., a claimant may claim as a credit against
17the tax imposed under ss. 71.02 and 71.08, up to the amount of those taxes, 25 percent
18of the claimant's investment paid to a fund manager that the fund manager invests
19in a business certified under s. 238.15 (1) or s. 560.205 (1), 2009 stats.
AB40-ASA1, s. 1863 20Section 1863. 71.07 (5b) (b) 2. of the statutes is amended to read:
AB40-ASA1,725,421 71.07 (5b) (b) 2. In the case of a partnership, limited liability company, or
22tax-option corporation, the computation of the 25 percent limitation under subd. 1.
23shall be determined at the entity level rather than the claimant level and may be
24allocated among the claimants who make investments in the manner set forth in the
25entity's organizational documents. The entity shall provide to the department of

1revenue and to the department of commerce or the Wisconsin Economic
2Development Corporation
the names and tax identification numbers of the
3claimants, the amounts of the credits allocated to the claimants, and the
4computation of the allocations.
AB40-ASA1, s. 1864 5Section 1864. 71.07 (5b) (d) 3. of the statutes is amended to read:
AB40-ASA1,725,106 71.07 (5b) (d) 3. For calendar years beginning investments made after
7December 31, 2007, if an investment for which a claimant claims a credit under par.
8(b) is held by the claimant for less than 3 years, the claimant shall pay to the
9department, in the manner prescribed by the department, the amount of the credit
10that the claimant received related to the investment.
AB40-ASA1, s. 1865 11Section 1865. 71.07 (5d) (a) 1. (intro.) of the statutes is amended to read:
AB40-ASA1,725,1412 71.07 (5d) (a) 1. (intro.) "Bona fide angel investment" means a purchase of an
13equity interest, or any other expenditure, as determined by rule under s. 238.15 or
14s.
560.205, 2009 stats., that is made by any of the following:
AB40-ASA1, s. 1866 15Section 1866. 71.07 (5d) (a) 2m. of the statutes is amended to read:
AB40-ASA1,725,1816 71.07 (5d) (a) 2m. "Person" means a partnership or limited liability company
17that is a nonoperating entity, as determined by the department of commerce or the
18Wisconsin Economic Development Corporation
, a natural person, or fiduciary.
AB40-ASA1, s. 1867 19Section 1867. 71.07 (5d) (a) 3. of the statutes is amended to read:
AB40-ASA1,725,2120 71.07 (5d) (a) 3. "Qualified new business venture" means a business that is
21certified under s. 238.15 (1) or s. 560.205 (1), 2009 stats.
AB40-ASA1, s. 1868 22Section 1868. 71.07 (5d) (b) (intro.) of the statutes is amended to read:
AB40-ASA1,726,223 71.07 (5d) (b) Filing claims. (intro.) Subject to the limitations provided in this
24subsection and in s. 238.15 or s. 560.205, 2009 stats., a claimant may claim as a credit

1against the tax imposed under s. 71.02 or 71.08, up to the amount of those taxes, the
2following:
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