361.
Page 1100, line 7: after that line insert:
"SECTION 3362m. 70.337 (7) of the statutes is amended to read:
70.337 (7) This section does not apply to property that is exempt under s. 70.11 (13), (13m), (15), (15m), (21) or (30), property that is exempt under s. 70.11 (18) if a payment in lieu of taxes is made for that property, lake beds owned by the state, state forests under s. 28.03 or 28.035, county forests under s. 28.10, property acquired by the department of transportation under s. 85.08 (2) (L) or 85.09 or highways, as defined in s. 340.01 (22).".
362.
Page 1100, line 12: delete the material beginning with that line and ending with page 1101, line 9.
363.
Page 1101, line 24: after that line insert:
"SECTION 3367c. 70.57 (3) of the statutes is repealed and recreated to read:
70.57 (3) In determining the value of agricultural land under sub. (1), the department shall fulfill the requirements under s. 70.32 (2r).".
364.
Page 1106, line 23: after "upon" insert "pension income to the extent that income is attributable to employment in this state and".
365.
Page 1108, line 13: after that line insert:
"SECTION 3373rm. 71.05 (1) (a) of the statutes is amended to read:
71.05 (1) (a) Retirement systems. All payments received from the U.S. civil service retirement system, the U.S. military employe retirement system, the employe's retirement system of the city of Milwaukee, Milwaukee county employes' retirement system, sheriff's annuity and benefit fund of Milwaukee county, police officer's annuity and benefit fund of Milwaukee, fire fighter's annuity and benefit fund of Milwaukee, or the public employe trust fund as successor to the Milwaukee public school teachers' annuity and retirement fund and to the Wisconsin state teachers retirement system, which are paid on the account of any person who was a member of the paying or predecessor system or fund as of December 31, 1963, or was retired from any of the systems or funds as of December 31, 1963, and who is a resident of this state but such exemption shall not exclude from gross income tax sheltered annuity benefits.".
366.
Page 1109, line 24: delete "child" and substitute "individual".
367.
Page 1110, line 1: delete lines 1 and 2.
368.
Page 1110, line 3: after that line insert:
"5. "Qualifying individual" means a dependent of a member of a targeted group who is employed by a claimant and with respect to whom the member is entitled to a deduction under section 151 (c) of the internal revenue code for federal income tax purposes, a dependent of a member of a targeted group who is employed by a claimant if the dependent is physically or mentally incapable of caring for himself or herself or the spouse of a member of a targeted group who is employed by the claimant if the spouse is physically or mentally incapable of caring for himself or herself.".
369.
Page 1110, line 11: substitute "individual" for "child".
370.
Page 1110, line 12: after the first comma insert "(c),".
371.
Page 1110, line 14: delete "(e) to" and substitute "(g) and".
372.
Page 1111, line 13: before the final period insert: "and 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)".
373.
Page 1111, line 14: delete lines 14 to 16.
374.
Page 1111, line 17: delete the first comma; and after the 2nd comma insert "(c),".
375.
Page 1111, line 19: delete "(e) to" and substitute "(g) and".
376.
Page 1112, line 3: delete lines 3 to 8.
377.
Page 1112, line 16: delete lines 16 to 18 and substitute:
"SECTION 3380gm. 71.07 (2dj) (h) of the statutes is created to read:
71.07 (2dj) (h) For claims based on activity in a zone under s. 560.797, the rules under sub. (2di) (b) and (c) as they apply to the credit under that subsection apply to the credit under this subsection.".
378.
Page 1113, line 1: delete lines 1 to 3 and substitute:
"SECTION 3381mm. 71.07 (2ds) (h) of the statutes is created to read:
71.07 (2ds) (h) For claims based on activity in a zone under s. 560.797, the rules under sub. (2di) (b) and (c) as they apply to the credit under that subsection apply to the credit under this subsection.".
379.
Page 1113, line 4: delete lines 4 to 11.
380.
Page 1116, line 8: after that line insert:
"SECTION 3393w. 71.10 (3) of the statutes, as affected by 1995 Wisconsin Act .... (this act), is repealed.".
381.
Page 1116, line 9: delete lines 9 to 17.
382.
Page 1116, line 18: delete lines 18 to 20 and substitute:
"SECTION 3394mm. 71.10 (4) (gd), (ge), (gs) and (gt) of the statutes are created to read:
71.10 (4) (gd) Development zones jobs credit under s. 71.07 (2dj) if the credit is based on activity in a zone under s. 560.797.
(ge) Development zones sales tax credit under s. 71.07 (2ds) if the credit is based on activity in a zone under s. 560.797.
(gs) Development zones day care credit under s. 71.07 (2dd).
(gt) Development zones environmental remediation credit under s. 71.07 (2de).
SECTION 3394mp. 71.10 (4) (i) of the statutes is amended to read:
71.10 (4) (i) The total of claim of right credit under s. 71.07 (1), farmland preservation credit under subch. IX, homestead credit under subch. VIII, farmland tax relief credit under s. 71.07 (3m), farmers' drought property tax credit under s. 71.07 (2fd), development zones sales tax credit under s. 71.07 (2ds) unless the credit is based on activity in a zone under s. 560.797, development zones jobs credit under s. 71.07 (2dj) unless the credit is based on activity in a zone under s. 560.797, earned income tax credit under s. 71.07 (9e), estimated tax payments under s. 71.09, and taxes withheld under subch. X.".
383.
Page 1116, line 21: delete lines 21 to 24.
384.
Page 1116, line 24: after that line insert:
"SECTION 3395c. 71.10 (5e) of the statutes is created to read:
71.10 (5e) WISCONSIN ELECTION CAMPAIGN FUND. (a) Voluntary payments. 1. 'Designation on return.' Any individual filing an income tax return may designate on the return any amount of additional payment or any amount of a refund due that individual for the Wisconsin election campaign fund.
2. 'Designation added to tax owed.' If the individual owes any tax, the individual shall remit in full the tax due and the amount designated on the return for the Wisconsin election campaign fund when the individual files a tax return.
3. 'Designation deducted from refund.' Except as provided under par. (c) if the individual is owed a refund for that year after crediting under ss. 71.75 (9) and 71.80 (3), the department of revenue shall deduct the amount designated on the return for the Wisconsin election campaign fund from the amount of the refund.
(b) Errors; failure to remit correct amount. If an individual who owes taxes fails to remit an amount equal to or in excess of the total of the actual tax due, after error corrections, and the amount designated on the return for the Wisconsin election campaign fund:
1. The department shall reduce the designation for the Wisconsin election campaign fund program to reflect the amount remitted in excess of the actual tax due, after error corrections, if the individual remitted an amount in excess of the actual tax due, after error corrections, but less than the total of the actual tax due, after error corrections, and the amount originally designated on the return for the Wisconsin election campaign fund.
2. The designation for the Wisconsin election campaign fund is void if the individual remitted an amount equal to or less than the actual tax due, after error corrections.
(c) Errors; insufficient refund. If an individual who is owed a refund which does not equal or exceed the amount designated on the return for the Wisconsin election campaign fund, after crediting under ss. 71.75 (9) and 71.80 (3) and after error corrections, the department shall reduce the designation for the Wisconsin election campaign fund to reflect the actual amount of the refund the individual is otherwise owed, after crediting under ss. 71.75 (9) and 71.80 (3) and after error corrections.
(d) Conditions. If an individual places any conditions on a designation for the Wisconsin election campaign fund, the designation is void.
(e) Void designation. If a designation for the Wisconsin election campaign fund is void, the department of revenue shall disregard the designation and determine amounts due, owed, refunded and received without regard to the void designation.
(f) Tax return. The secretary of revenue shall provide a place for the designations under this subsection on the individual income tax return and the secretary shall highlight that place on the return by a symbol chosen by the department of revenue that relates to elections. The names of persons making designations under this subsection shall be strictly confidential.
(g) Certification of amounts. Annually, on or before August 15, the secretary of revenue shall certify to the elections board and the secretary of administration the total amount received from all designations for the Wisconsin election campaign fund made by taxpayers during the previous fiscal year. Amounts designated for the Wisconsin election campaign fund under this subsection are not subject to refund to the taxpayer unless the taxpayer submits information to the satisfaction of the department within 18 months after the date taxes are due or the date the return is filed, whichever is later, that the amount designated is clearly in error. Any refund granted by the department of revenue under this subdivision shall be deducted from the moneys received under this subsection in the fiscal year that the refund is certified.".
385.
Page 1119, line 15: after that line insert:
"SECTION 3395m. 71.21 (4) of the statutes is amended to read:
71.21 (4) Credits computed by a partnership under s. 71.07 (2dd), (2de), (2di), (2dj), (2dL) and (2ds) and passed through to partners or members shall be added to the partnership's or limited liability company's income.".
386.
Page 1126, line 12: after that line insert:
"SECTION 3399em. 71.26 (1) (g) and (h) of the statutes are repealed.".
387.
Page 1133, line 7: delete "child" and substitute "individual".
388.
Page 1133, line 9: delete lines 9 and 10.
389.
Page 1133, line 10: after that line insert:
"5. "Qualifying individual" means a dependent of a member of a targeted group who is employed by a claimant and with respect to whom the member is entitled to a deduction under section 151 (c) of the internal revenue code for federal income tax purposes, a dependent of a member of a targeted group who is employed by a claimant if the dependent is physically or mentally incapable of caring for himself or herself or the spouse of a member of a targeted group who is employed by the claimant if the spouse is physically or mentally incapable of caring for himself or herself.".
390.
Page 1133, line 19: substitute "individual" for "child".
391.
Page 1133, line 20: after the first comma insert "(c),".
392.
Page 1133, line 22: delete "(e) to" and substitute "(g) and".
393.
Page 1134, line 16: delete the material beginning with "or" and ending with "zone" on line 18.
394.
Page 1134, line 22: before the final period insert "and 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)".
395.
Page 1134, line 23: delete lines 23 to 25.
396.
Page 1135, line 1: after the first comma insert "(c),".
397.
Page 1135, line 3: delete "(e) to" and substitute "(g) and".
398.
Page 1135, line 11: delete lines 11 to 16.
399.
Page 1135, line 24: delete the material beginning with that line and ending with page 1136, line 2, and substitute:
"SECTION 3402mm. 71.28 (1dj) (h) of the statutes is created to read:
71.28 (1dj) (h) For claims based on activity in a zone under s. 560.797, the rules under sub. (1di) (b) and (c) as they apply to the credit under that subsection apply to the credit under this subsection.".
400.
Page 1136, line 10: delete lines 10 to 12 and substitute:
"SECTION 3403mm. 71.28 (1ds) (h) of the statutes is created to read:
71.28 (1ds) (h) For claims based on activity in a zone under s. 560.797, the rules under sub. (1di) (b) and (c) as they apply to the credit under that subsection apply to the credit under this subsection.".
401.
Page 1136, line 21: delete lines 21 to 23 and substitute:
"SECTION 3404cgm. 71.30 (3) (eb) and (ec) of the statutes are created to read:
71.30 (3) (eb) Development zones jobs credit under s. 71.28 (1dj) if the credit is based on activity in a zone under s. 560.797.
(ec) Development zones sales tax credit under s. 71.28 (1ds) if the credit is based on activity in a zone under s. 560.797.
SECTION 3404cgp. 71.30 (3) (f) of the statutes is amended to read:
71.30 (3) (f) The total of farmers' drought property tax credit under s. 71.28 (1fd), farmland preservation credit under subch. IX, farmland tax relief credit under s. 71.28 (2m), the development zones sales tax credit under s. 71.28 (1ds) unless the credit is based on activity in a zone under s. 560.797, the development zones job credit under s. 71.28 (1dj) unless the credit is based on activity in a zone under s. 560.797 and estimated tax payments under s. 71.29.".
402.
Page 1145, line 7: delete "child" and substitute "individual".
403.
Page 1145, line 9: delete lines 9 and 10.
404.
Page 1145, line 11: after that line insert:
"5. "Qualifying individual" means a dependent of a member of a targeted group who is employed by a claimant and with respect to whom the member is entitled to a deduction under section 151 (c) of the internal revenue code for federal income tax purposes, a dependent of a member of a targeted group who is employed by a claimant if the dependent is physically or mentally incapable of caring for himself or herself or the spouse of a member of a targeted group who is employed by the claimant if the spouse is physically or mentally incapable of caring for himself or herself.".
