SB184, s. 22
23Section
22. 71.28 (3g) (bm) of the statutes is created to read:
SB184,7,524
71.28
(3g) (bm) For credits computed based on amounts paid or incurred in
25taxable years beginning after December 31, 2005, if the allowable amount of the
1claim under this subsection exceeds the income taxes otherwise due on the claimant's
2income, the amount of the claim that is not used to offset those taxes shall be certified
3by the department of revenue to the department of administration for payment by
4check, share draft, or other draft drawn from the appropriation under s. 20.835 (2)
5(dz).
SB184, s. 23
6Section
23. 71.28 (3g) (c) of the statutes is amended to read:
SB184,7,107
71.28
(3g) (c) Subsection (4)
(e), (f), (g)
, and (h), as it applies to the credit under
8sub. (4), applies to the credit under par. (a).
For taxable years beginning before
9January 1, 2006, sub. (4) (e) and (f), as it applies to the credit under sub. (4), applies
10to the credit under par. (a).
SB184, s. 24
11Section
24. 71.30 (3) (eg) of the statutes is repealed.
SB184, s. 25
12Section
25. 71.30 (3) (emb) of the statutes is repealed.
SB184, s. 26
13Section
26. 71.30 (3) (eom) of the statutes is repealed.
SB184, s. 27
14Section
27. 71.30 (3) (eon) of the statutes is repealed.
SB184, s. 28
15Section
28. 71.30 (3) (f) of the statutes is amended to read:
SB184,7,2116
71.30
(3) (f) The total of
development zones investment credit under s. 71.28
17(1di), development zone capital investment credit under s. 71.28 (1dm), development
18zones credit under s. 71.28 (1dx), farmers' drought property tax credit under s. 71.28
19(1fd), farmland preservation credit under subch. IX, farmland tax relief credit under
20s. 71.28 (2m)
, technology zones credit under s. 71.28 (3g), and estimated tax
21payments under s. 71.29.
SB184, s. 29
22Section
29. 71.47 (1di) (c) of the statutes is amended to read:
SB184,8,223
71.47
(1di) (c) Except as provided in par. (b) 2.,
the for taxable years beginning
24before January 1, 2006, the carry-over provisions of sub. (4) (e) and (f) as they relate
1to the credit under that subsection relate to the credit under this subsection and
2apply as if the development zone continued to exist.
SB184, s. 30
3Section
30. 71.47 (1di) (gm) of the statutes is created to read:
SB184,8,104
71.47
(1di) (gm) For credits computed based on amounts paid or incurred in
5taxable years beginning after December 31, 2005, if the allowable amount of the
6claim under this subsection exceeds the income taxes otherwise due on the claimant's
7income, the amount of the claim that is not used to offset those taxes shall be certified
8by the department of revenue to the department of administration for payment by
9check, share draft, or other draft drawn from the appropriation under s. 20.835 (2)
10(dz).
SB184, s. 31
11Section
31. 71.47 (1dm) (gm) of the statutes is created to read:
SB184,8,1812
71.47
(1dm) (gm) For credits computed based on amounts paid or incurred in
13taxable years beginning after December 31, 2005, if the allowable amount of the
14claim under this subsection exceeds the income taxes otherwise due on the claimant's
15income, the amount of the claim that is not used to offset those taxes shall be certified
16by the department of revenue to the department of administration for payment by
17check, share draft, or other draft drawn from the appropriation under s. 20.835 (2)
18(dz).
SB184, s. 32
19Section
32. 71.47 (1dm) (h) of the statutes is amended to read:
SB184,8,2220
71.47
(1dm) (h)
The For taxable years beginning before January 1, 2006, the 21carry-over provisions of s. 71.28 (4) (e) and (f) as they relate to the credit under s.
2271.28 (4) relate to the credit under this subsection.
SB184, s. 33
23Section
33. 71.47 (1dx) (dm) of the statutes is created to read:
SB184,9,524
71.47
(1dx) (dm)
Refunds. For credits computed based on amounts paid or
25incurred in taxable years beginning after December 31, 2005, if the allowable
1amount of the claim under this subsection exceeds the income taxes otherwise due
2on the claimant's income, the amount of the claim that is not used to offset those taxes
3shall be certified by the department of revenue to the department of administration
4for payment by check, share draft, or other draft drawn from the appropriation under
5s. 20.835 (2) (dz).
SB184, s. 34
6Section
34. 71.47 (1dx) (e) of the statutes is amended to read:
SB184,9,147
71.47
(1dx) (e)
Administration. Section 71.28 (4)
(e) to (g) and (h), as it applies
8to the credit under s. 71.28 (4), applies to the credit under this subsection.
For
9taxable years beginning before January 1, 2006, s. 71.28 (4) (e) and (f), as it applies
10to the credit under s. 71.28 (4), applies to the credit under this subsection. Subsection
11(1dj) (c), as it applies to the credit under sub. (1dj), applies to the credit under this
12subsection. Claimants shall include with their returns a copy of their certification for
13tax benefits and a copy of the department of commerce's verification of their
14expenses.
SB184, s. 35
15Section
35. 71.47 (3g) (bm) of the statutes is created to read:
SB184,9,2216
71.47
(3g) (bm) For credits computed based on amounts paid or incurred in
17taxable years beginning after December 31, 2005, if the allowable amount of the
18claim under this subsection exceeds the income taxes otherwise due on the claimant's
19income, the amount of the claim that is not used to offset those taxes shall be certified
20by the department of revenue to the department of administration for payment by
21check, share draft, or other draft drawn from the appropriation under s. 20.835 (2)
22(dz).
SB184, s. 36
23Section
36. 71.47 (3g) (c) of the statutes is amended to read:
SB184,9,2524
71.47
(3g) (c) Section 71.28 (4)
(e), (f), (g)
, and (h), as it applies to the credit
25under s. 71.28 (4), applies to the credit under par. (a).
For taxable years beginning
1before January 1, 2006, s. 71.28 (4) (e) and (f), as it applies to the credit under s. 71.28
2(4), applies to the credit under par. (a).
SB184, s. 37
3Section
37. 71.49 (1) (eg) of the statutes is repealed.
SB184, s. 38
4Section
38. 71.49 (1) (emb) of the statutes is repealed.
SB184, s. 39
5Section
39. 71.49 (1) (eom) of the statutes is repealed.
SB184, s. 40
6Section
40. 71.49 (1) (eon) of the statutes is repealed.
SB184, s. 41
7Section
41. 71.49 (1) (f) of the statutes is amended to read:
SB184,10,138
71.49
(1) (f) The total of
development zones investment credit under s. 71.47
9(1di), development zone capital investment credit under s. 71.47 (1dm), development
10zones credit under s. 71.47 (1dx), farmers' drought property tax credit under s. 71.47
11(1fd), farmland preservation credit under subch. IX, farmland tax relief credit under
12s. 71.47 (2m)
, technology zones credit under s. 71.47 (3g), and estimated tax
13payments under s. 71.48.
SB184,10,1515
(1) This act first applies to taxable years beginning on January 1, 2006.
