AB150-engrossed,1127,422
70.99
(13) (b) The department of revenue shall prescribe minimum
23specifications for assessment maps. Any county whose assessment maps do not meet
24the department's specifications at the time of converting to the county assessment
25system shall have 4 years from the first countywide January 1 assessment date to
1bring its maps in conformance with the department's specifications.
If a county fails
2to bring its maps in conformance with the department's specifications within the
34-year period, or fails to maintain them at that level thereafter, the county shall be
4ineligible to receive any payment under sub. (12).
AB150-engrossed, s. 3372
5Section
3372. 70.99 (13) (c) 1. of the statutes is renumbered 70.99 (13) (c) and
6amended to read:
AB150-engrossed,1127,97
70.99
(13) (c) The department of revenue shall determine the minimum
8number of staff
members required for each county assessor's office and the level of
9certification under sub. (3) required for each position.
AB150-engrossed,1127,2012
70.99
(14) A county may discontinue a county assessor system by passage of
13a resolution or ordinance by an approving vote of
60%
a majority of the entire
14membership of the county board. The effective date of the resolution or ordinance
15shall be December 31. A county shall, on or before
December 1 October 31 of the year
16preceding the year when the resolution or ordinance is effective, notify all
17municipalities in the county of its intent to discontinue its county assessor system.
18As soon as practicable after the effective date of the resolution or ordinance, the
19county shall transfer to the proper municipality all assessment records, books, maps,
20aerial photographs, appraisal cards and other assessment data in its possession.
AB150-engrossed,1128,1523
71.01
(6) (h) For taxable years that begin after December 31, 1992, and before
24January 1, 1994, for natural persons and fiduciaries, except fiduciaries of nuclear
25decommissioning trust or reserve funds, "internal revenue code" means the federal
1internal revenue code as amended to December 31, 1992, excluding sections 103, 104
2and 110 of P.L.
102-227, and as amended by P.L.
103-66, excluding sections 13101
3(a) and (c) 1, 13113, 13150, 13171, 13174 and 13203 of P.L.
103-66,
and P.L. 103-465 4and as indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73,
5P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-280, P.L.
101-508, P.L.
102-90,
6P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
7102-486 and P.L.
103-66, excluding sections 13101 (a) and (c) 1, 13113, 13150, 13171,
813174 and 13203 of P.L.
103-66. The internal revenue code applies for Wisconsin
9purposes at the same time as for federal purposes. Amendments to the federal
10internal revenue code enacted after December 31, 1992, do not apply to this
11paragraph with respect to taxable years beginning after December 31, 1992, and
12before January 1, 1994, except that changes to the internal revenue code made by
13P.L.
103-66 and P.L. 103-465 and changes that indirectly affect the provisions
14applicable to this subchapter made by P.L.
103-66 and P.L. 103-465 apply for
15Wisconsin purposes at the same time as for federal purposes.
AB150-engrossed,1129,1017
71.01
(6) (i) For taxable years that begin after December 31, 1993,
and before
18January 1, 1995, for natural persons and fiduciaries, except fiduciaries of nuclear
19decommissioning trust or reserve funds, "internal revenue code" means the federal
20internal revenue code as amended to December 31, 1993, excluding sections 103, 104
21and 110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d)
22and 13215 of P.L.
103-66 and as amended by P.L. 103-296, P.L. 103-337 and P.L.
23103-465, and as indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
24101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-280, P.L.
101-508, P.L.
25102-90, P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
1102-318, P.L.
102-486 and, P.L.
103-66, excluding sections 13113, 13150 (d), 13171
2(d), 13174, 13203 (d) and 13215 of P.L.
103-66, P.L. 103-296, P.L. 103-337 and P.L.
3103-465. The internal revenue code applies for Wisconsin purposes at the same time
4as for federal purposes. Amendments to the federal internal revenue code enacted
5after December 31, 1993, do not apply to this paragraph with respect to taxable years
6beginning after December 31, 1993
, and before January 1, 1995, except that changes
7to the internal revenue code made by P.L. 103-296, P.L. 103-337 and P.L. 103-465
8and changes that indirectly affect the provisions applicable to this subchapter made
9by P.L. 103-276, P.L. 103-337 and P.L. 103-465 apply for Wisconsin purposes at the
10same time as for federal purposes.
AB150-engrossed,1130,212
71.01
(6) (j) For taxable years that begin after December 31, 1994, for natural
13persons and fiduciaries, except fiduciaries of nuclear decommissioning trust or
14reserve funds, "internal revenue code" means the federal internal revenue code as
15amended to December 31, 1994, excluding sections 103, 104 and 110 of P.L.
102-227 16and sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, and as
17indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
18101-140, P.L.
101-179, P.L.
101-239, P.L.
101-280, P.L.
101-508, P.L.
102-90, P.L.
19102-227, excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
20102-486 and P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174 and
2113203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337 and P.L.
103-465 and "internal
22revenue code" means amendments to section 162 of the federal internal revenue code
23made by P.L.
104-7. The internal revenue code applies for Wisconsin purposes at the
24same time as for federal purposes. Amendments to the federal internal revenue code
25enacted after December 31, 1994, except amendments to section 162 of the federal
1internal revenue code made by P.L.
104-7, do not apply to this paragraph with
2respect to taxable years beginning after December 31, 1994.
AB150-engrossed,1130,114
71.01
(7r) Notwithstanding sub. (6), for purposes of computing amortization
5or depreciation, "internal revenue code" means either the federal internal revenue
6code as amended to December 31,
1993 1994, or the federal internal revenue code in
7effect for the taxable year for which the return is filed, except that property that,
8under s. 71.02 (2) (d) 12., 1985 stats., is required to be depreciated for taxable year
91986 under the internal revenue code as amended to December 31, 1980, shall
10continue to be depreciated under the internal revenue code as amended to December
1131, 1980.
AB150-engrossed,1131,713
71.02
(1) For the purpose of raising revenue for the state and the counties,
14cities, villages and towns, there shall be assessed, levied, collected and paid a tax on
15all net incomes of individuals and fiduciaries, except fiduciaries of nuclear
16decommissioning trust or reserve funds subject to the tax under s. 71.23 (2), by every
17natural person residing within the state or by his or her personal representative in
18case of death, and trusts administered within the state; by every nonresident natural
19person and trust of this state, upon
pension income to the extent that income is
20attributable to employment in this state and such income as is derived from property
21located or business transacted within the state including, but not limited by
22enumeration, income derived from a limited partner's distributive share of
23partnership income, income derived from a limited liability company member's
24distributive share of limited liability company income, the state lottery under ch.
25565, any multistate lottery under ch. 565 if the winning lottery ticket or lottery share
1was purchased from a retailer, as defined in s. 565.01 (6), located in this state or from
2the
gaming commission department and pari-mutuel wager winnings or purses
3under ch. 562, and also by every nonresident natural person upon such income as is
4derived from the performance of personal services within the state, except as
5exempted under s. 71.05 (1) to (3). Every natural person domiciled in the state shall
6be deemed to be residing within the state for the purposes of determining liability
7for income taxes and surtaxes.
AB150-engrossed,1132,109
71.04
(1) (a) All income or loss of resident individuals and resident estates and
10trusts shall follow the residence of the individual, estate or trust. Income or loss of
11nonresident individuals and nonresident estates and trusts from business, not
12requiring apportionment under sub. (4), (10) or (11), shall follow the situs of the
13business from which derived. All items of income, loss and deductions of nonresident
14individuals and nonresident estates and trusts derived from a tax-option
15corporation not requiring apportionment under sub. (9) shall follow the situs of the
16business of the corporation from which derived. Income or loss of nonresident
17individuals and nonresident estates and trusts derived from rentals and royalties
18from real estate or tangible personal property, or from the operation of any farm,
19mine or quarry, or from the sale of real property or tangible personal property shall
20follow the situs of the property from which derived. Income from personal services
21of nonresident individuals, including income from professions, shall follow the situs
22of the services. A nonresident limited partner's distributive share of partnership
23income shall follow the situs of the business. A nonresident limited liability company
24member's distributive share of limited liability company income shall follow the situs
25of the business. Income of nonresident individuals, estates and trusts from the state
1lottery under ch. 565 is taxable by this state. Income of nonresident individuals,
2estates and trusts from any multistate lottery under ch. 565 is taxable by this state,
3but only if the winning lottery ticket or lottery share was purchased from a retailer,
4as defined in s. 565.01 (6), located in this state or from the
gaming commission 5department. Income of nonresident individuals, nonresident trusts and nonresident
6estates from pari-mutuel winnings or purses under ch. 562 is taxable by this state.
7All other income or loss of nonresident individuals and nonresident estates and
8trusts, including income or loss derived from land contracts, mortgages, stocks,
9bonds and securities or from the sale of similar intangible personal property, shall
10follow the residence of such persons, except as provided in par. (b) and sub. (9).
AB150-engrossed,1132,2312
71.05
(1) (a)
Retirement systems. All payments received from the U.S. civil
13service retirement system, the U.S. military employe retirement system, the
14employe's retirement system of the city of Milwaukee, Milwaukee county employes'
15retirement system, sheriff's annuity and benefit fund of Milwaukee county, police
16officer's annuity and benefit fund of Milwaukee, fire fighter's annuity and benefit
17fund of Milwaukee, or the public employe trust fund as successor to the Milwaukee
18public school teachers' annuity and retirement fund and to the Wisconsin state
19teachers retirement system, which are paid on the account of any person who was
20a member of the paying or predecessor system or fund as of December 31, 1963, or
21was retired from any of the systems or funds as of December 31, 1963,
and who is a
22resident of this state but such exemption shall not exclude from gross income tax
23sheltered annuity benefits.
AB150-engrossed,1133,17
171.05
(3) Menominee Indian tribe; distribution of assets. No distribution of
2assets from the United States to the members of the Menominee Indian tribe as
3defined in s.
49.085 49.385 or their lawful distributees, or to any corporation, or
4organization, created by the tribe or at its direction pursuant to section 8, P.L.
583-399, as amended, and no issuance of stocks, bonds, certificates of indebtedness,
6voting trust certificates or other securities by any such corporation or organization,
7or voting trust, to such members of the tribe or their lawful distributees shall be
8subject to income taxes under this chapter; provided, that so much of any cash
9distribution made under said P.L.
83-399 as consists of a share of any interest earned
10on funds deposited in the treasury of the United States pursuant to the supplemental
11appropriation act, 1952, (65 Stat. 736, 754) shall not by virtue of this subsection be
12exempt from the individual income tax of this state in the hands of the recipients for
13the year in which paid. For the purpose of ascertaining the gain or loss resulting from
14the sale or other disposition of such assets and stocks, bonds, certificates of
15indebtedness and other securities under this chapter, the fair market value of such
16property, on termination date as defined in s. 70.057 (1), 1967 stats., shall be the basis
17for determining the amount of such gain or loss.
AB150-engrossed,1133,2219
71.05
(6) (a) 15. The amount of the credits computed under s. 71.07
(2dd), (2de), 20(2di), (2dj), (2dL) and (2ds) and not passed through by a partnership, limited liability
21company or tax-option corporation that has added that amount to the partnership's,
22company's or tax-option corporation's income under s. 71.21 (4) or 71.34 (1) (g).
AB150-engrossed,1134,224
71.05
(6) (b) 21. The difference between the amount of social security benefits
25included in federal adjusted gross income for the current year and the amount
1calculated under section
86 of the internal revenue code as that section existed on
2December 31, 1992.
AB150-engrossed,1134,44
71.07
(2dd) Development zones day care credit. (a) In this subsection:
AB150-engrossed,1134,75
1. "Day care center benefits" means benefits provided at a day care facility that
6is licensed under s. 48.65 or 48.69 and that for compensation provides care for at least
76 children.
AB150-engrossed,1134,118
2. "Employment-related day care expenses" means amounts paid or incurred
9by a claimant for providing or making day care center benefits available to a
10qualifying individual in order to enable a member of a targeted group to be employed
11by the claimant.
AB150-engrossed,1134,1212
4. "Member of a targeted group" means a person under sub. (2dj) (am) 1.
AB150-engrossed,1134,2013
5. "Qualifying individual" means a dependent of a member of a targeted group
14who is employed by a claimant and with respect to whom the member is entitled to
15a deduction under section
151 (c) of the internal revenue code for federal income tax
16purposes, a dependent of a member of a targeted group who is employed by a
17claimant if the dependent is physically or mentally incapable of caring for himself
18or herself or the spouse of a member of a targeted group who is employed by the
19claimant if the spouse is physically or mentally incapable of caring for himself or
20herself.
AB150-engrossed,1135,221
(b) Except as provided in s. 73.03 (35), for any taxable year for which that
22person is certified under s. 560.765 (3) and begins business operations in a zone
23under s. 560.71 after the effective date of this paragraph .... [revisor inserts date], or
24certified under s. 560.797 (4) (a) for each zone for which the person is certified or
1entitled a person may credit against taxes otherwise due under this subchapter
2employment-related day care expenses, up to $1,200 for each qualifying individual.
AB150-engrossed,1135,43
(c) Subsection (2di) (b), (c), (d) 1., (f) and (g), as it applies to the credit under sub.
4(2di), applies to the credit under this subsection.
AB150-engrossed,1135,65
(d) Section 71.28 (4) (g) and (h), as it applies to the credit under s. 71.28 (4),
6applies to the credit under this subsection.
AB150-engrossed,1135,97
(dm) No credit may be allowed under this subsection unless the claimant
8includes with the claimant's return a statement from the department of development
9verifying the amount of qualifying employment-related day care expenses.
AB150-engrossed,1135,1510
(e) The credit under this subsection, as it applies to a person certified under s.
11560.765 (3), applies to a person who conducts economic activity in a zone under s.
12560.795 (1) and who is entitled to tax benefits under s. 560.795 (3), subject to the
13limits under s. 560.795 (2). A credit under this subsection may be credited using
14expenses incurred by a claimant on the effective date of this paragraph .... [revisor
15inserts date].
AB150-engrossed,1136,217
71.07
(2de) Development zones environmental remediation credit. (a)
18Except as provided in s. 73.03 (35), for any taxable year for which a person is certified
19under s. 560.765 (3) and begins business operations in a zone under s. 560.71 after
20the effective date of this paragraph .... [revisor inserts date], or certified under s.
21560.797 (4) (a), for each zone for which the person is certified or entitled the person
22may claim as a credit against taxes otherwise due under this subchapter an amount
23equal to 7.5% of the amount that the person expends to remove or contain
24environmental pollution, as defined in s. 144.01 (3), in the zone or to restore soil or
1groundwater that is affected by environmental pollution, as defined in s. 144.01 (3),
2in the zone if the person fulfills all of the following requirements:
AB150-engrossed,1136,83
1. Begins the work, other than planning and investigating, for which the credit
4is claimed after the area that includes the site where the work is done is designated
5a development zone under s. 560.71, a development opportunity zone under s.
6560.795 or an enterprise development zone under s. 560.797 and after the claimant
7is certified under s. 560.765 (3), entitled under s. 560.795 (3) (a) or certified under s.
8560.797 (4) (a).
AB150-engrossed,1136,109
(b) Subsection (2di) (b), (c), (d), (f) and (g), as it applies to the credit under sub.
10(2di), applies to the credit under this subsection.
AB150-engrossed,1136,1211
(c) Section 71.28 (4) (g) and (h), as it applies to the credit under s. 71.28 (4),
12applies to the credit under this subsection.
AB150-engrossed,1136,1813
(d) The credit under this subsection, as it applies to a person certified under s.
14560.765 (3), applies to a person who conducts economic activity in a zone under s.
15560.795 (1) and who is entitled to tax benefits under s. 560.795 (3), subject to the
16limits under s. 560.795 (2). A credit under this subsection may be credited using
17expenses incurred by a claimant on the effective date of this paragraph .... [revisor
18inserts date].
AB150-engrossed,1136,2520
71.07
(2dj) (d) If the allowable amount of the credit under par. (am) exceeds the
21taxes otherwise due under this chapter on or measured by the claimant's income, the
22amount of the credit not used as an offset against those taxes shall be certified to the
23department of administration for payment to the claimant by check, share draft or
24other draft
unless the claimant does not fulfill the requirements under sub. (2di) (b)
252. and bases the claim on activity in a zone under s. 560.797.
AB150-engrossed,1137,42
71.07
(2dj) (h) For claims based on activity in a zone under s. 560.797, the rules
3under sub. (2di) (b) and (c) as they apply to the credit under that subsection apply
4to the credit under this subsection.
AB150-engrossed,1137,116
71.07
(2ds) (c) If the allowable amount of the credit under par. (b) exceeds the
7taxes otherwise due under this chapter on or measured by the claimant's income, the
8amount of the credit not used as an offset against those taxes shall be certified to the
9department of administration for payment to the claimant by check, share draft or
10other draft
unless the claimant does not fulfill the requirements under sub. (2di) (b)
112. and bases the claim on activity in a zone under s. 560.797.
AB150-engrossed,1137,1513
71.07
(2ds) (h) For claims based on activity in a zone under s. 560.797, the rules
14under sub. (2di) (b) and (c) as they apply to the credit under that subsection apply
15to the credit under this subsection.
AB150-engrossed,1137,2117
71.07
(9e) (ac) For taxable years beginning after December 31, 1994, and before
18January 1, 1996, any natural person may credit against the tax imposed under s.
1971.02 an amount equal to one of the following percentages of the federal basic earned
20income credit for which the person is eligible for the taxable year under section
32 21(b) (1) (A) to (C) of the internal revenue code:
AB150-engrossed,1137,2322
1. If the person has one qualifying child who has the same principal place of
23abode as the person, 4%.
AB150-engrossed,1137,2524
2. If the person has 2 qualifying children who have the same principal place of
25abode as the person, 16%.
AB150-engrossed,1138,2
13. If the person has 3 or more qualifying children who have the same principal
2place of abode as the person, 50%.
AB150-engrossed,1138,94
71.07
(9e) (ad) (intro.) For taxable years beginning
on or after January 1, 1994
5after December 31, 1993, and before January 1, 1995, a person who has one
6qualifying child who has the same principal place of abode as the person may credit
7against the tax imposed under s. 71.02 an amount equal to the amount calculated by
8one of the following methods, based on the person's earned income or federal adjusted
9gross income:
AB150-engrossed,1138,1511
71.07
(9e) (af) For taxable years beginning after December 31, 1995, any
12natural person may credit against the tax imposed under s. 71.02 an amount equal
13to one of the following percentages of the federal basic earned income credit for which
14the person is eligible for the taxable year under section
32 (b) (1) (A) to (C) of the
15internal revenue code:
AB150-engrossed,1138,1716
1. If the person has one qualifying child who has the same principal place of
17abode as the person, 4%.
AB150-engrossed,1138,1918
2. If the person has 2 qualifying children who have the same principal place of
19abode as the person, 14%.
AB150-engrossed,1138,2120
3. If the person has 3 or more qualifying children who have the same principal
21place of abode as the person, 43%.
AB150-engrossed,1139,323
71.07
(9e) (ah) (intro.) For taxable years beginning
on or after January 1, 1994 24after December 31, 1993, and before January 1, 1995, a person who has 2 qualifying
25children who have the same principal place of abode as the person may credit against
1the tax imposed under s. 71.02 an amount equal to the amount calculated by one of
2the following methods, based on the person's earned income or federal adjusted gross
3income:
AB150-engrossed,1139,105
71.07
(9e) (ap) (intro.) For taxable years beginning
on or after January 1, 1994
6after December 31, 1993, and before January 1, 1995, a person who has more than
72 qualifying children who have the same principal place of abode as the person may
8credit against the tax imposed under s. 71.02 an amount equal to the amount
9calculated by one of the following methods, based on the person's earned income or
10federal adjusted gross income:
AB150-engrossed,1139,1312
71.07
(9e) (at) 1. (intro.) For taxable years beginning
on or after January 1,
131994, and subject to subd. 2. after December 31, 1993, and before January 1, 1995:
AB150-engrossed,1139,1816
71.07
(9e) (at) 3. (intro.) For taxable years beginning
on or after January 1,
171994 after December 31, 1993, and before January 1, 1995, the maximum credit is
18one of the following amounts:
AB150-engrossed,1140,220
71.07
(9m) (a) Any person may credit against taxes otherwise due under this
21chapter, up to the amount of those taxes, an amount equal to 5% of the costs of
22qualified rehabilitation expenditures, as defined in section
48 (g) (2) 47 (c) (2) of the
23internal revenue code, for certified historic structures on property located in this
24state if the physical work of construction or destruction in preparation for
1construction begins after December 31, 1988, and the rehabilitated property is
2placed in service after June 30, 1989.
AB150-engrossed,1140,114
71.08
(1) Imposition. (intro.) If the tax imposed on a natural person, married
5couple filing jointly, trust or estate under s. 71.02, not considering the credits under
6ss. 71.07 (1),
(2dd), (2de), (2di), (2dj), (2dL), (2ds), (2fd), (3m), (6) and (9e), 71.28
(1dd),
7(1de), (1di), (1dj), (1dL), (1ds), (1fd) and (2m) and 71.47
(1dd), (1de), (1di), (1dj), (1dL),
8(1ds), (1fd) and (2m) and subchs. VIII and IX and payments to other states under s.
971.07 (7), is less than the tax under this section, there is imposed on that natural
10person, married couple filing jointly, trust or estate, instead of the tax under s. 71.02,
11an alternative minimum tax computed as follows:
AB150-engrossed, s. 3393w
12Section 3393w. 71.10 (3) of the statutes, as affected by 1995 Wisconsin Act ....
13(this act), is repealed.
AB150-engrossed,1140,1716
71.10
(4) (gd) Development zones jobs credit under s. 71.07 (2dj) if the credit
17is based on activity in a zone under s. 560.797.
AB150-engrossed,1140,1918
(ge) Development zones sales tax credit under s. 71.07 (2ds) if the credit is
19based on activity in a zone under s. 560.797.
AB150-engrossed,1140,2020
(gs) Development zones day care credit under s. 71.07 (2dd).
AB150-engrossed,1140,2121
(gt) Development zones environmental remediation credit under s. 71.07 (2de).
AB150-engrossed,1141,523
71.10
(4) (i) The total of claim of right credit under s. 71.07 (1), farmland
24preservation credit under subch. IX, homestead credit under subch. VIII, farmland
25tax relief credit under s. 71.07 (3m), farmers' drought property tax credit under s.
171.07 (2fd), development zones sales tax credit under s. 71.07 (2ds)
unless the credit
2is based on activity in a zone under s. 560.797, development zones jobs credit under
3s. 71.07 (2dj)
unless the credit is based on activity in a zone under s. 560.797, earned
4income tax credit under s. 71.07 (9e), estimated tax payments under s. 71.09, and
5taxes withheld under subch. X.
AB150-engrossed,1141,157
71.10
(5) (a) 2. "Endangered resources program" means purchasing or
8improving land or habitats for any native Wisconsin endangered or threatened
9species as defined in s. 29.415 (2)
(a) (am) or (b) or for any nongame species as defined
10in s. 29.01 (10), conducting wildlife and resource research and surveys and providing
11wildlife management services, providing for wildlife damage control or the payment
12of claims for damage associated with endangered or threatened species, repaying the
13general fund for amounts expended under s. 20.370 (1) (fb) in fiscal year 1983-84 and
14the payment of administrative expenses related to the administration of this
15subsection.
AB150-engrossed,1141,2017
71.10
(5e) Wisconsin election campaign fund. (a)
Voluntary payments. 1.
18`Designation on return.' Any individual filing an income tax return may designate
19on the return any amount of additional payment or any amount of a refund due that
20individual for the Wisconsin election campaign fund.