Amendment ASA-AB150

AB150-ASA,1111,2 70.375 (4) (r) Administrative fees under s. 70.3965.

AB150-ASA, s. 3364m Section 3364m. 70.385 of the statutes is amended to read:

AB150-ASA,1111,6 70.385 Collection of the tax. All taxes as evidenced by the report under s. 70.38 (1) are due and payable to the department on or before June 15, and shall be deposited by the department with the state treasurer secretary of administration.

AB150-ASA, s. 3365 Section 3365. 70.39 (4) of the statutes is amended to read:

AB150-ASA,1111,25 70.39 (4) Within 5 days after the receipt of the warrant the sheriff shall file a copy of it with the clerk of the circuit court of the county, unless the person makes satisfactory arrangements for payment with the department, in which case, the sheriff shall, at the direction of the department, return the warrant to it. The clerk shall docket the warrant as a delinquent income or franchise tax warrant is docketed under s. 806.11. The clerk shall accept, file and docket the warrant without prepayment of any fee, but shall submit a statement of the proper fees within 30 days to the department of revenue. The fees shall be paid by the state treasurer upon Upon audit by the department secretary of administration on the certificate of the secretary of revenue, the secretary of administration shall pay the fees and the fees shall be charged to the proper appropriation for the department of revenue. The sheriff shall be entitled to the same fees for executing upon the warrant as upon an execution against property issued out of a court of record, to be collected in the same manner. Upon the sale of any real estate the sheriff shall execute a deed of the real estate, and the person may redeem the real estate as from a sale under an execution against property upon a judgment of a court of record. No public official may demand prepayment of any fee for the performance of any official act required in carrying out this section.

AB150-ASA, s. 3366 Section 3366. 70.395 (2) (i) of the statutes is amended to read:

AB150-ASA,1112,7 70.395 (2) (i) The board may require financial audits of all recipients of payments made under pars. (d) to (g). The board shall require that all funds received under pars. (d) to (g) be placed in a segregated account. The financial audit may be conducted as part of a municipality's or county's annual audit, if one is conducted. The cost of the audits shall be paid by the board from the appropriation under s. 20.566 (7) (a) (g).

AB150-ASA, s. 3367 Section 3367. 70.3965 of the statutes is created to read:

AB150-ASA,1112,15 70.3965 Fund administrative fee. There is imposed an investment and local impact fund administrative fee on each person that has gross proceeds. On or before July 31 the department shall calculate the fee imposed on each such person by dividing the person's gross proceeds for the previous year by the total gross proceeds of all persons for that year and by multiplying the resulting fraction by the amount expended under s. 20.566 (7) (g) for the previous fiscal year. Each person who is subject to a fee under this section shall pay that fee on or before August 15.

AB150-ASA, s. 3367d Section 3367d. 70.99 (12) of the statutes, as affected by 1995 Wisconsin Act .... (this act), is repealed.

AB150-ASA, s. 3367g Section 3367g. 70.99 (12) (a) of the statutes is amended to read:

AB150-ASA,1113,3 70.99 (12) (a) Under Except as provided in par. (am), under a county assessor system, the state shall pay the lesser of 75% of the actual cost of the operation of the county assessment system or 75% of the sum of two-tenths of one mill multiplied by the full value of a county and $3.95 multiplied by the total number of all land parcels in the county as reported by the county assessor and reviewed by the department of revenue (but in either case not including any expense of any municipal civil service examination, any examination given by the division of merit recruitment and selection in the department of employment relations, any expense of the municipal board of review or any expense of developing basic computer programs available from the state free of charge).

AB150-ASA, s. 3367r Section 3367r. 70.99 (12) (am) of the statutes is created to read:

AB150-ASA,1113,6 70.99 (12) (am) On July 1, 1996, the state shall pay for the operation of a county assessment system 50% of the amount calculated under par. (a).

AB150-ASA, s. 3369 Section 3369. 70.99 (13) (a) 1. of the statutes is amended to read:

AB150-ASA,1113,15 70.99 (13) (a) 1. The department of revenue shall prescribe the due dates, the blanks and forms and the format of information transmitted by the county assessor to the department as to the assessment of property and such other information as may be needed in its work as well as the forms of assessment rolls, blanks, books and returns required for the assessment and collection of general property taxes by county. The county shall submit material on or before the due dates that the department prescribes and shall use all of the material that the department prescribes.

AB150-ASA, s. 3370 Section 3370. 70.99 (13) (a) 3. of the statutes is repealed.

AB150-ASA, s. 3371 Section 3371. 70.99 (13) (b) of the statutes is amended to read:

AB150-ASA,1113,25 70.99 (13) (b) The department of revenue shall prescribe minimum specifications for assessment maps. Any county whose assessment maps do not meet the department's specifications at the time of converting to the county assessment system shall have 4 years from the first countywide January 1 assessment date to bring its maps in conformance with the department's specifications. If a county fails to bring its maps in conformance with the department's specifications within the 4-year period, or fails to maintain them at that level thereafter, the county shall be ineligible to receive any payment under sub. (12).

AB150-ASA, s. 3372 Section 3372. 70.99 (13) (c) 1. of the statutes is renumbered 70.99 (13) (c) and amended to read:

AB150-ASA,1114,5 70.99 (13) (c) The department of revenue shall determine the minimum number of staff members required for each county assessor's office and the level of certification under sub. (3) required for each position.

AB150-ASA, s. 3373 Section 3373. 70.99 (13) (c) 2. of the statutes is repealed.

AB150-ASA, s. 3373am Section 3373am. 70.99 (14) of the statutes is amended to read:

AB150-ASA,1114,16 70.99 (14) A county may discontinue a county assessor system by passage of a resolution or ordinance by an approving vote of 60% a majority of the entire membership of the county board. The effective date of the resolution or ordinance shall be December 31. A county shall, on or before December 1 October 31 of the year preceding the year when the resolution or ordinance is effective, notify all municipalities in the county of its intent to discontinue its county assessor system. As soon as practicable after the effective date of the resolution or ordinance, the county shall transfer to the proper municipality all assessment records, books, maps, aerial photographs, appraisal cards and other assessment data in its possession.

AB150-ASA, s. 3373b Section 3373b. 71.01 (6) (b) of the statutes is repealed.

AB150-ASA, s. 3373h Section 3373h. 71.01 (6) (h) of the statutes is amended to read:

AB150-ASA,1115,11 71.01 (6) (h) For taxable years that begin after December 31, 1992, and before January 1, 1994, for natural persons and fiduciaries, except fiduciaries of nuclear decommissioning trust or reserve funds, "internal revenue code" means the federal internal revenue code as amended to December 31, 1992, excluding sections 103, 104 and 110 of P.L. 102-227, and as amended by P.L. 103-66, excluding sections 13101 (a) and (c) 1, 13113, 13150, 13171, 13174 and 13203 of P.L. 103-66, and P.L. 103-465 and as indirectly affected by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-280, P.L. 101-508, P.L. 102-90, P.L. 102-227, excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486 and P.L. 103-66, excluding sections 13101 (a) and (c) 1, 13113, 13150, 13171, 13174 and 13203 of P.L. 103-66. The internal revenue code applies for Wisconsin purposes at the same time as for federal purposes. Amendments to the federal internal revenue code enacted after December 31, 1992, do not apply to this paragraph with respect to taxable years beginning after December 31, 1992, and before January 1, 1994, except that changes to the internal revenue code made by P.L. 103-66 and P.L. 103-465 and changes that indirectly affect the provisions applicable to this subchapter made by P.L. 103-66 and P.L. 103-465 apply for Wisconsin purposes at the same time as for federal purposes.

AB150-ASA, s. 3373i Section 3373i. 71.01 (6) (i) of the statutes is amended to read:

AB150-ASA,1116,6 71.01 (6) (i) For taxable years that begin after December 31, 1993, and before January 1, 1995, for natural persons and fiduciaries, except fiduciaries of nuclear decommissioning trust or reserve funds, "internal revenue code" means the federal internal revenue code as amended to December 31, 1993, excluding sections 103, 104 and 110 of P.L. 102-227 and sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d) and 13215 of P.L. 103-66 and as amended by P.L. 103-296, P.L. 103-337 and P.L. 103-465, and as indirectly affected by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-280, P.L. 101-508, P.L. 102-90, P.L. 102-227, excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486 and, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d) and 13215 of P.L. 103-66, P.L. 103-296, P.L. 103-337 and P.L. 103-465. The internal revenue code applies for Wisconsin purposes at the same time as for federal purposes. Amendments to the federal internal revenue code enacted after December 31, 1993, do not apply to this paragraph with respect to taxable years beginning after December 31, 1993, and before January 1, 1995, except that changes to the internal revenue code made by P.L. 103-296, P.L. 103-337 and P.L. 103-465 and changes that indirectly affect the provisions applicable to this subchapter made by P.L. 103-276, P.L. 103-337 and P.L. 103-465 apply for Wisconsin purposes at the same time as for federal purposes.

AB150-ASA, s. 3373j Section 3373j. 71.01 (6) (j) of the statutes is created to read:

AB150-ASA,1116,23 71.01 (6) (j) For taxable years that begin after December 31, 1994, for natural persons and fiduciaries, except fiduciaries of nuclear decommissioning trust or reserve funds, "internal revenue code" means the federal internal revenue code as amended to December 31, 1994, excluding sections 103, 104 and 110 of P.L. 102-227 and sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L. 103-66, and as indirectly affected by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-280, P.L. 101-508, P.L. 102-90, P.L. 102-227, excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486 and P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337 and P.L. 103-465 and "internal revenue code" means amendments to section 162 of the federal internal revenue code made by P.L. 104-7. The internal revenue code applies for Wisconsin purposes at the same time as for federal purposes. Amendments to the federal internal revenue code enacted after December 31, 1994, except amendments to section 162 of the federal internal revenue code made by P.L. 104-7, do not apply to this paragraph with respect to taxable years beginning after December 31, 1994.

AB150-ASA, s. 3373k Section 3373k. 71.01 (7r) of the statutes is amended to read:

AB150-ASA,1117,8 71.01 (7r) Notwithstanding sub. (6), for purposes of computing amortization or depreciation, "internal revenue code" means either the federal internal revenue code as amended to December 31, 1993 1994, or the federal internal revenue code in effect for the taxable year for which the return is filed, except that property that, under s. 71.02 (2) (d) 12., 1985 stats., is required to be depreciated for taxable year 1986 under the internal revenue code as amended to December 31, 1980, shall continue to be depreciated under the internal revenue code as amended to December 31, 1980.

AB150-ASA, s. 3373n Section 3373n. 71.02 (1) of the statutes is amended to read:

AB150-ASA,1118,3 71.02 (1) For the purpose of raising revenue for the state and the counties, cities, villages and towns, there shall be assessed, levied, collected and paid a tax on all net incomes of individuals and fiduciaries, except fiduciaries of nuclear decommissioning trust or reserve funds subject to the tax under s. 71.23 (2), by every natural person residing within the state or by his or her personal representative in case of death, and trusts administered within the state; by every nonresident natural person and trust of this state, upon such income as is derived from property located or business transacted within the state including, but not limited by enumeration, income derived from a limited partner's distributive share of partnership income, income derived from a limited liability company member's distributive share of limited liability company income, the state lottery under ch. 565, any multistate lottery under ch. 565 if the winning lottery ticket or lottery share was purchased from a retailer, as defined in s. 565.01 (6), located in this state or from the gaming commission department and pari-mutuel wager winnings or purses under ch. 562, and also by every nonresident natural person upon such income as is derived from the performance of personal services within the state, except as exempted under s. 71.05 (1) to (3). Every natural person domiciled in the state shall be deemed to be residing within the state for the purposes of determining liability for income taxes and surtaxes.

AB150-ASA, s. 3373r Section 3373r. 71.04 (1) (a) of the statutes is amended to read:

AB150-ASA,1119,6 71.04 (1) (a) All income or loss of resident individuals and resident estates and trusts shall follow the residence of the individual, estate or trust. Income or loss of nonresident individuals and nonresident estates and trusts from business, not requiring apportionment under sub. (4), (10) or (11), shall follow the situs of the business from which derived. All items of income, loss and deductions of nonresident individuals and nonresident estates and trusts derived from a tax-option corporation not requiring apportionment under sub. (9) shall follow the situs of the business of the corporation from which derived. Income or loss of nonresident individuals and nonresident estates and trusts derived from rentals and royalties from real estate or tangible personal property, or from the operation of any farm, mine or quarry, or from the sale of real property or tangible personal property shall follow the situs of the property from which derived. Income from personal services of nonresident individuals, including income from professions, shall follow the situs of the services. A nonresident limited partner's distributive share of partnership income shall follow the situs of the business. A nonresident limited liability company member's distributive share of limited liability company income shall follow the situs of the business. Income of nonresident individuals, estates and trusts from the state lottery under ch. 565 is taxable by this state. Income of nonresident individuals, estates and trusts from any multistate lottery under ch. 565 is taxable by this state, but only if the winning lottery ticket or lottery share was purchased from a retailer, as defined in s. 565.01 (6), located in this state or from the gaming commission department. Income of nonresident individuals, nonresident trusts and nonresident estates from pari-mutuel winnings or purses under ch. 562 is taxable by this state. All other income or loss of nonresident individuals and nonresident estates and trusts, including income or loss derived from land contracts, mortgages, stocks, bonds and securities or from the sale of similar intangible personal property, shall follow the residence of such persons, except as provided in par. (b) and sub. (9).

AB150-ASA, s. 3373s Section 3373s. 71.05 (3) of the statutes is amended to read:

AB150-ASA,1119,24 71.05 (3) Menominee Indian tribe; distribution of assets. No distribution of assets from the United States to the members of the Menominee Indian tribe as defined in s. 49.085 49.385 or their lawful distributees, or to any corporation, or organization, created by the tribe or at its direction pursuant to section 8, P.L. 83-399, as amended, and no issuance of stocks, bonds, certificates of indebtedness, voting trust certificates or other securities by any such corporation or organization, or voting trust, to such members of the tribe or their lawful distributees shall be subject to income taxes under this chapter; provided, that so much of any cash distribution made under said P.L. 83-399 as consists of a share of any interest earned on funds deposited in the treasury of the United States pursuant to the supplemental appropriation act, 1952, (65 Stat. 736, 754) shall not by virtue of this subsection be exempt from the individual income tax of this state in the hands of the recipients for the year in which paid. For the purpose of ascertaining the gain or loss resulting from the sale or other disposition of such assets and stocks, bonds, certificates of indebtedness and other securities under this chapter, the fair market value of such property, on termination date as defined in s. 70.057 (1), 1967 stats., shall be the basis for determining the amount of such gain or loss.

AB150-ASA, s. 3373t Section 3373t. 71.05 (6) (a) 15. of the statutes is amended to read:

AB150-ASA,1120,4 71.05 (6) (a) 15. The amount of the credits computed under s. 71.07 (2dd), (2de), (2di), (2dj), (2dL) and (2ds) and not passed through by a partnership, limited liability company or tax-option corporation that has added that amount to the partnership's, company's or tax-option corporation's income under s. 71.21 (4) or 71.34 (1) (g).

AB150-ASA, s. 3373w Section 3373w. 71.05 (6) (b) 21. of the statutes is created to read:

AB150-ASA,1120,9 71.05 (6) (b) 21. The difference between the amount of social security benefits included in federal adjusted gross income for the current year and the amount calculated under section 86 of the internal revenue code as that section existed on December 31, 1992.

AB150-ASA, s. 3377m Section 3377m. 71.07 (2dd) of the statutes is created to read:

AB150-ASA,1120,11 71.07 (2dd) Development zones day care credit. (a) In this subsection:

AB150-ASA,1120,14 1. "Day care center benefits" means benefits provided at a day care facility that is licensed under s. 48.65 or 48.69 and that for compensation provides care for at least 6 children.

AB150-ASA,1120,18 2. "Employment-related day care expenses" means amounts paid or incurred by a claimant for providing or making day care center benefits available to a qualifying child in order to enable a member of a targeted group to be employed by the claimant.

AB150-ASA,1120,20 3. "Qualifying child" means a child of a member of a targeted group who is employed by a claimant.

AB150-ASA,1120,21 4. "Member of a targeted group" means a person under sub. (2dj) (am) 1.

AB150-ASA,1121,4 (b) Except as provided in s. 73.03 (35), for any taxable year for which that person is certified under s. 560.765 (3) and begins business operations in a zone under s. 560.71 after the effective date of this paragraph .... [revisor inserts date], entitled under s. 560.795 (3) (a) and begins business operations in a zone under s. 560.795 after the effective date of this paragraph .... [revisor inserts date], or certified under s. 560.797 (4) (a) for each zone for which the person is certified or entitled a person may credit against taxes otherwise due under this subchapter employment-related day care expenses, up to $1,200 for each qualifying child.

AB150-ASA,1121,6 (c) Subsection (2di) (b), (d), (f) and (g), as it applies to the credit under sub. (2di), applies to the credit under this subsection.

AB150-ASA,1121,8 (d) Section 71.28 (4) (e) to (h), as it applies to the credit under s. 71.28 (4), applies to the credit under this subsection.

AB150-ASA,1121,14 (e) The credit under this subsection, as it applies to a person certified under s. 560.765 (3), applies to a person who conducts economic activity in a zone under s. 560.795 (1) and who is entitled to tax benefits under s. 560.795 (3), subject to the limits under s. 560.795 (2). A credit under this subsection may be credited using expenses incurred by a claimant on the effective date of this paragraph .... [revisor inserts date].

AB150-ASA, s. 3377r Section 3377r. 71.07 (2de) of the statutes is created to read:

AB150-ASA,1122,2 71.07 (2de) Development zones environmental remediation credit. (a) Except as provided in s. 73.03 (35), for any taxable year for which a person is certified under s. 560.765 (3) and begins business operations in a zone under s. 560.71 after the effective date of this paragraph .... [revisor inserts date], entitled under s. 560.795 (3) (a) and begins business operations in a zone under s. 560.795 after the effective date of this paragraph .... [revisor inserts date], or certified under s. 560.797 (4) (a), for each zone for which the person is certified or entitled the person may claim as a credit against taxes otherwise due under this subchapter an amount equal to 7.5% of the amount that the person expends to remove or contain environmental pollution, as defined in s. 144.01 (3), in the zone or to restore soil or groundwater that is affected by environmental pollution, as defined in s. 144.01 (3), in the zone if the person fulfills all of the following requirements:

AB150-ASA,1122,6 1. Begins the work, other than planning and investigating, for which the credit is claimed after the area that includes the site where the work is done is designated a development zone under s. 560.71, a development opportunity zone under s. 560.795 or an enterprise development zone under s. 560.797.

AB150-ASA,1122,9 2. Completes the project for which the credit is claimed after the claimant is certified under s. 560.765 (3), entitled under s. 560.795 (3) (a) or certified under s. 560.797 (4) (a).

AB150-ASA,1122,11 (b) Subsection (2di), (b), (d), (f) and (g), as it applies to the credit under sub. (2di), applies to the credit under this subsection.

AB150-ASA,1122,13 (c) Section 71.28 (4) (e) to (h), as it applies to the credit under s. 71.28 (4), applies to the credit under this subsection.

AB150-ASA,1122,19 (d) The credit under this subsection, as it applies to a person certified under s. 560.765 (3), applies to a person who conducts economic activity in a zone under s. 560.795 (1) and who is entitled to tax benefits under s. 560.795 (3), subject to the limits under s. 560.795 (2). A credit under this subsection may be credited using expenses incurred by a claimant on the effective date of this paragraph .... [revisor inserts date].

AB150-ASA, s. 3378g Section 3378g. 71.07 (2dj) (am) 4b. of the statutes is created to read:

AB150-ASA,1122,25 71.07 (2dj) (am) 4b. Modify "qualified wages", as defined in section 51 (b) of the internal revenue code, to include up to $2,500 in day care center benefits, as defined in sub. (2dd) (a) 1., if the claimant begins operations in a zone under s. 560.71 or 560.795 after the effective date of this subdivision .... [revisor inserts date], or if the claimant conducts economic activity in a zone under s. 560.797.

AB150-ASA, s. 3378m Section 3378m. 71.07 (2dj) (d) of the statutes is amended to read:

AB150-ASA,1123,7 71.07 (2dj) (d) If the allowable amount of the credit under par. (am) exceeds the taxes otherwise due under this chapter on or measured by the claimant's income, the amount of the credit not used as an offset against those taxes shall be certified to the department of administration for payment to the claimant by check, share draft or other draft unless the claimant does not fulfill the requirements under sub. (2di) (b) 2. and bases the claim on activity in a zone under s. 560.797.

AB150-ASA, s. 3380g Section 3380g. 71.07 (2dj) (f) of the statutes is amended to read:

AB150-ASA,1123,10 71.07 (2dj) (f) The rules under sub. (2di) (b), (f) and (g) as they apply to the credit under that subsection apply to the credit under this subsection.

AB150-ASA, s. 3380r Section 3380r. 71.07 (2ds) (c) of the statutes is amended to read:

AB150-ASA,1123,17 71.07 (2ds) (c) If the allowable amount of the credit under par. (b) exceeds the taxes otherwise due under this chapter on or measured by the claimant's income, the amount of the credit not used as an offset against those taxes shall be certified to the department of administration for payment to the claimant by check, share draft or other draft unless the claimant does not fulfill the requirements under sub. (2di) (b) 2. and bases the claim on activity in a zone under s. 560.797.

AB150-ASA, s. 3381m Section 3381m. 71.07 (2ds) (e) of the statutes is amended to read:

AB150-ASA,1123,20 71.07 (2ds) (e) The rules under sub. (2di) (b), (f) and (g) as they apply to the credit under that subsection apply to the credit under this subsection.

AB150-ASA, s. 3382 Section 3382. 71.07 (9) (b) of the statutes is amended to read:

AB150-ASA,1124,3 71.07 (9) (b) Subject to the limitations under this subsection, a claimant may claim as a credit against, but not to exceed the amount of, taxes under s. 71.02, 10% of a percentage equal to the top marginal tax rate under s. 71.06 multiplied by the first $2,000 of property taxes or rent constituting property taxes, or 10% of a percentage equal to the top marginal tax rate under s. 71.06 multiplied by the first $1,000 of property taxes or rent constituting property taxes of a married person filing separately.

AB150-ASA, s. 3382m Section 3382m. 71.07 (9e) (ac) of the statutes is created to read:

AB150-ASA,1124,9 71.07 (9e) (ac) For taxable years beginning after December 31, 1994, and before January 1, 1996, any natural person may credit against the tax imposed under s. 71.02 an amount equal to one of the following percentages of the federal basic earned income credit for which the person is eligible for the taxable year under section 32 (b) (1) (A) to (C) of the internal revenue code:

AB150-ASA,1124,11 1. If the person has one qualifying child who has the same principal place of abode as the person, 4%.

AB150-ASA,1124,13 2. If the person has 2 qualifying children who have the same principal place of abode as the person, 16%.

AB150-ASA,1124,15 3. If the person has 3 or more qualifying children who have the same principal place of abode as the person, 50%.

AB150-ASA, s. 3383 Section 3383. 71.07 (9e) (ad) (intro.) of the statutes is amended to read:

AB150-ASA,1124,22 71.07 (9e) (ad) (intro.) For taxable years beginning on or after January 1, 1994 after December 31, 1993, and before January 1, 1995, a person who has one qualifying child who has the same principal place of abode as the person may credit against the tax imposed under s. 71.02 an amount equal to the amount calculated by one of the following methods, based on the person's earned income or federal adjusted gross income:

AB150-ASA, s. 3383m Section 3383m. 71.07 (9e) (af) of the statutes is created to read:

AB150-ASA,1125,3 71.07 (9e) (af) For taxable years beginning after December 31, 1995, any natural person may credit against the tax imposed under s. 71.02 an amount equal to one of the following percentages of the federal basic earned income credit for which the person is eligible for the taxable year under section 32 (b) (1) (A) to (C) of the internal revenue code:

AB150-ASA,1125,5 1. If the person has one qualifying child who has the same principal place of abode as the person, 4%.

AB150-ASA,1125,7 2. If the person has 2 qualifying children who have the same principal place of abode as the person, 14%.

AB150-ASA,1125,9 3. If the person has 3 or more qualifying children who have the same principal place of abode as the person, 43%.

AB150-ASA, s. 3384 Section 3384. 71.07 (9e) (ah) (intro.) of the statutes is amended to read:

AB150-ASA,1125,16 71.07 (9e) (ah) (intro.) For taxable years beginning on or after January 1, 1994 after December 31, 1993, and before January 1, 1995, a person who has 2 qualifying children who have the same principal place of abode as the person may credit against the tax imposed under s. 71.02 an amount equal to the amount calculated by one of the following methods, based on the person's earned income or federal adjusted gross income:

AB150-ASA, s. 3388 Section 3388. 71.07 (9e) (ap) (intro.) of the statutes is amended to read:

AB150-ASA,1125,23 71.07 (9e) (ap) (intro.) For taxable years beginning on or after January 1, 1994 after December 31, 1993, and before January 1, 1995, a person who has more than 2 qualifying children who have the same principal place of abode as the person may credit against the tax imposed under s. 71.02 an amount equal to the amount calculated by one of the following methods, based on the person's earned income or federal adjusted gross income:

AB150-ASA, s. 3391 Section 3391. 71.07 (9e) (at) 1. (intro.) of the statutes is amended to read: