JK:jld:jf
2009 - 2010 LEGISLATURE
October 6, 2009 - Introduced by Representatives M. Williams, Zipperer, Nygren,
Petersen, Suder, Davis, Vukmir, Pridemore, Vos, Kaufert, Kramer, Knodl,
Huebsch, LeMahieu, Brooks, Spanbauer, Petrowski, Murtha, Tauchen,
Townsend, Honadel, Stone, Kleefisch, Ripp, Nerison, Kestell, Strachota,
Van Roy, A. Ott, Friske, Nass
and Gunderson, cosponsored by Senators
Hopper, Darling, Kanavas and Leibham. Referred to Joint Committee on
Finance.
AB477,1,4 1An Act to amend 71.07 (3q) (b) (intro.), 71.07 (3q) (c) 3., 71.07 (3q) (d) 2., 71.28
2(3q) (b) (intro.), 71.28 (3q) (c) 3., 71.28 (3q) (d) 2., 71.47 (3q) (b) (intro.), 71.47 (3q)
3(c) 3. and 71.47 (3q) (d) 2. of the statutes; relating to: the effective date of the
4jobs tax credit.
Analysis by the Legislative Reference Bureau
Under current law, an employer may claim tax credits based on the wages paid
to new employees and on the costs incurred by the employer for certain training
activities. Under current law, if the amount of the credits exceeds the employer's tax
liability, the state issues a refund. The credits apply to taxable years beginning on
or after January 1, 2010, but if any employer is owed a refund, the employer will not
receive it until after December 31, 2011. Under this bill, an employer may claim the
credits for taxable years beginning on or after January 1, 2009, and any refunds will
be paid after the employer's return is processed.
For further information see the state fiscal estimate, which will be printed as
an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB477, s. 1 5Section 1. 71.07 (3q) (b) (intro.) of the statutes, as created by 2009 Wisconsin
6Act 28
, is amended to read:
AB477,2,4
171.07 (3q) (b) Filing claims. (intro.) Subject to the limitations provided in this
2subsection and s. 560.2055, for taxable years beginning after December 31, 2009
32008, a claimant may claim as a credit against the taxes imposed under ss. 71.02 and
471.08 any of the following.:
AB477, s. 2 5Section 2. 71.07 (3q) (c) 3. of the statutes, as created by 2009 Wisconsin Act
628
, is amended to read:
AB477,2,97 71.07 (3q) (c) 3. The maximum amount of credits that may be awarded under
8this subsection and ss. 71.28 (3q) and 71.47 (3q) for the period beginning on January
91, 2010 2009, and ending on June 30, 2013, is $14,500,000.
AB477, s. 3 10Section 3. 71.07 (3q) (d) 2. of the statutes, as created by 2009 Wisconsin Act
1128
, is amended to read:
AB477,2,1912 71.07 (3q) (d) 2. If the allowable amount of the claim under par. (b) exceeds the
13tax otherwise due under ss. 71.02 and 71.08, the amount of the claim not used to
14offset the tax due shall be certified by the department of revenue to the department
15of administration for payment by check, share draft, or other draft drawn from the
16appropriation account under s. 20.835 (2) (bb), except that the amounts certified
17under this subdivision for taxable years beginning after December 31, 2009, and
18before January 1, 2012, shall be paid in taxable years beginning after December 31,
192011
.
AB477, s. 4 20Section 4. 71.28 (3q) (b) (intro.) of the statutes, as created by 2009 Wisconsin
21Act 28
, is amended to read:
AB477,2,2522 71.28 (3q) (b) Filing claims. (intro.) Subject to the limitations provided in this
23subsection and s. 560.2055, for taxable years beginning after December 31, 2009
242008, a claimant may claim as a credit against the taxes imposed under s. 71.23 any
25of the following:
AB477, s. 5
1Section 5. 71.28 (3q) (c) 3. of the statutes is amended to read:
AB477,3,42 71.28 (3q) (c) 3. The maximum amount of credits that may be awarded under
3this subsection and ss. 71.07 (3q) and 71.47 (3q) for the period beginning on January
41, 2010 2009, and ending on June 30, 2013, is $14,500,000.
AB477, s. 6 5Section 6. 71.28 (3q) (d) 2. of the statutes, as created by 2009 Wisconsin Act
628
, is amended to read:
AB477,3,147 71.28 (3q) (d) 2. If the allowable amount of the claim under par. (b) exceeds the
8tax otherwise due under s. 71.23, the amount of the claim not used to offset the tax
9due shall be certified by the department of revenue to the department of
10administration for payment by check, share draft, or other draft drawn from the
11appropriation account under s. 20.835 (2) (bb), except that the amounts certified
12under this subdivision for taxable years beginning after December 31, 2009, and
13before January 1, 2012, shall be paid in taxable years beginning after December 31,
142011
.
AB477, s. 7 15Section 7. 71.47 (3q) (b) (intro.) of the statutes, as created by 2009 Wisconsin
16Act 28
, is amended to read:
AB477,3,2017 71.47 (3q) (b) Filing claims. (intro.) Subject to the limitations provided in this
18subsection and s. 560.2055, for taxable years beginning after December 31, 2009
192008, a claimant may claim as a credit against the taxes imposed under s. 71.43 any
20of the following:
AB477, s. 8 21Section 8. 71.47 (3q) (c) 3. of the statutes, as created by 2009 Wisconsin Act
2228
, is amended to read:
AB477,3,2523 71.47 (3q) (c) 3. The maximum amount of credits that may be awarded under
24this subsection and ss. 71.07 (3q) and 71.28 (3q) for the period beginning on January
251, 2010 2009, and ending on June 30, 2013, is $14,500,000.
AB477, s. 9
1Section 9. 71.47 (3q) (d) 2. of the statutes, as created by 2009 Wisconsin Act
228
, is amended to read:
AB477,4,103 71.47 (3q) (d) 2. If the allowable amount of the claim under par. (b) exceeds the
4tax otherwise due under s. 71.43, the amount of the claim not used to offset the tax
5due shall be certified by the department of revenue to the department of
6administration for payment by check, share draft, or other draft drawn from the
7appropriation account under s. 20.835 (2) (bb), except that the amounts certified
8under this subdivision for taxable years beginning after December 31, 2009, and
9before January 1, 2012, shall be paid in taxable years beginning after December 31,
102011
.
AB477,4,1111 (End)
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