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.
AB150-engrossed,1141,2321
2. `Designation added to tax owed.' If the individual owes any tax, the
22individual shall remit in full the tax due and the amount designated on the return
23for the Wisconsin election campaign fund when the individual files a tax return.
AB150-engrossed,1142,224
3. `Designation deducted from refund.' Except as provided under par. (c) if the
25individual is owed a refund for that year after crediting under ss. 71.75 (9) and 71.80
1(3), the department of revenue shall deduct the amount designated on the return for
2the Wisconsin election campaign fund from the amount of the refund.
AB150-engrossed,1142,63
(b)
Errors; failure to remit correct amount. If an individual who owes taxes fails
4to remit an amount equal to or in excess of the total of the actual tax due, after error
5corrections, and the amount designated on the return for the Wisconsin election
6campaign fund:
AB150-engrossed,1142,127
1. The department shall reduce the designation for the Wisconsin election
8campaign fund program to reflect the amount remitted in excess of the actual tax
9due, after error corrections, if the individual remitted an amount in excess of the
10actual tax due, after error corrections, but less than the total of the actual tax due,
11after error corrections, and the amount originally designated on the return for the
12Wisconsin election campaign fund.
AB150-engrossed,1142,1513
2. The designation for the Wisconsin election campaign fund is void if the
14individual remitted an amount equal to or less than the actual tax due, after error
15corrections.
AB150-engrossed,1142,2116
(c)
Errors; insufficient refund. If an individual who is owed a refund which does
17not equal or exceed the amount designated on the return for the Wisconsin election
18campaign fund, after crediting under ss. 71.75 (9) and 71.80 (3) and after error
19corrections, the department shall reduce the designation for the Wisconsin election
20campaign fund to reflect the actual amount of the refund the individual is otherwise
21owed, after crediting under ss. 71.75 (9) and 71.80 (3) and after error corrections.
AB150-engrossed,1142,2322
(d)
Conditions. If an individual places any conditions on a designation for the
23Wisconsin election campaign fund, the designation is void.
AB150-engrossed,1143,3
1(e)
Void designation. If a designation for the Wisconsin election campaign fund
2is void, the department of revenue shall disregard the designation and determine
3amounts due, owed, refunded and received without regard to the void designation.
AB150-engrossed,1143,84
(f)
Tax return. The secretary of revenue shall provide a place for the
5designations under this subsection on the individual income tax return and the
6secretary shall highlight that place on the return by a symbol chosen by the
7department of revenue that relates to elections. The names of persons making
8designations under this subsection shall be strictly confidential.
AB150-engrossed,1143,199
(g)
Certification of amounts. Annually, on or before August 15, the secretary
10of revenue shall certify to the elections board and the secretary of administration the
11total amount received from all designations for the Wisconsin election campaign
12fund made by taxpayers during the previous fiscal year. Amounts designated for the
13Wisconsin election campaign fund under this subsection are not subject to refund to
14the taxpayer unless the taxpayer submits information to the satisfaction of the
15department within 18 months after the date taxes are due or the date the return is
16filed, whichever is later, that the amount designated is clearly in error. Any refund
17granted by the department of revenue under this subdivision shall be deducted from
18the moneys received under this subsection in the fiscal year that the refund is
19certified.
AB150-engrossed,1143,2321
71.10
(5m) Domestic abuse awareness and prevention. (a)
Definitions. In this
22subsection, "domestic abuse program" means the program described under s. 46.95
23(4).
AB150-engrossed,1144,3
1(b)
Voluntary payments. 1. `Designation on return'. Any individual filing an
2income tax return may designate on the return any amount of additional payment
3or any amount of a refund due that individual for the domestic abuse program.
AB150-engrossed,1144,64
2. `Designation added to tax owed'. If the individual owes any tax, the
5individual shall remit in full the tax due and the amount designated on the return
6for the domestic abuse program when the individual files a tax return.
AB150-engrossed,1144,107
3. `Designation deducted from refund'. Except as provided under par. (d) if the
8individual is owed a refund for that year after crediting under ss. 71.75 (9) and 71.80
9(3), the department of revenue shall deduct the amount designated on the return for
10the domestic abuse program from the amount of the refund.
AB150-engrossed,1144,1411
(c)
Errors; failure to remit correct amount. If an individual who owes taxes fails
12to remit an amount equal to or in excess of the total of the actual tax due, after error
13corrections, and the amount designated on the return for the domestic abuse
14program:
AB150-engrossed,1144,1915
1. The department shall reduce the designation for the domestic abuse program
16to reflect the amount remitted in excess of the actual tax due, after error corrections,
17if the individual remitted an amount in excess of the actual tax due, after error
18corrections, but less than the total of the actual tax due, after error corrections, and
19the amount originally designated on the return for the domestic abuse program.
AB150-engrossed,1144,2120
2. The designation for the domestic abuse program is void if the individual
21remitted an amount equal to or less than the actual tax due, after error corrections.
AB150-engrossed,1145,222
(d)
Errors; insufficient refund. If an individual who is owed a refund which does
23not equal or exceed the amount designated on the return for the domestic abuse
24program, after crediting under ss. 71.75 (9) and 71.80 (3) and after error corrections,
25the department shall reduce the designation for the domestic abuse program to
1reflect the actual amount of the refund the individual is otherwise owed, after
2crediting under ss. 71.75 (9) and 71.80 (3) and after error corrections.
AB150-engrossed,1145,43
(e)
Conditions. If an individual places any conditions on a designation for the
4domestic abuse program, the designation is void.
AB150-engrossed,1145,75
(f)
Void designation. If a designation for the domestic abuse program is void,
6the department of revenue shall disregard the designation and determine amounts
7due, owed, refunded and received without regard to the void designation.
AB150-engrossed,1145,118
(g)
Tax return. The secretary of revenue shall provide a place for the
9designations under this subsection on the individual income tax return and the
10secretary shall highlight that place on the return by a symbol chosen by the
11department of revenue that relates to domestic abuse prevention and awareness.
AB150-engrossed,1145,1512
(h)
Certification of amounts. Annually, on or before September 15, the
13secretary of revenue shall certify to the department of health and social services and
14the secretary of administration, and on or before September 15, 1995, the secretary
15of revenue shall also certify to the state treasurer:
AB150-engrossed,1145,1816
1. The total amount of the administrative costs, including data processing
17costs, incurred by the department of revenue in administering this subsection during
18the previous fiscal year.
AB150-engrossed,1145,2019
2. The total amount received from all designations for the domestic abuse
20program made by taxpayers during the previous fiscal year.
AB150-engrossed,1145,2321
3. The net amount remaining after the administrative costs, including data
22processing costs, under subd. 1. are subtracted from the total received under subd.
232.
AB150-engrossed,1146,324
4. From the moneys received from designations for the domestic abuse
25program, an amount equal to the sum of administrative expenses, including data
1processing costs, certified under subd. 1. shall be deposited in the general fund and
2credited to the appropriation under s. 20.566 (1) (hp), and the net amount remaining
3certified under subd. 3. shall be credited to the appropriation under s. 20.435 (1) (hk).
AB150-engrossed,1146,104
5. Amounts designated for the domestic abuse program under this subsection
5are not subject to refund to the taxpayer unless the taxpayer submits information to
6the satisfaction of the department within 18 months after the date taxes are due or
7the date the return is filed, whichever is later, that the amount designated is clearly
8in error. Any refund granted by the department of revenue under this subdivision
9shall be deducted from the moneys received under this subsection in the fiscal year
10that the refund is certified.
AB150-engrossed,1146,1412
71.21
(4) Credits computed by a partnership under s. 71.07
(2dd), (2de), (2di),
13(2dj), (2dL) and (2ds) and passed through to partners or members shall be added to
14the partnership's or limited liability company's income.
AB150-engrossed,1147,1117
71.22
(4) (h) Except as provided in sub. (4m) and ss. 71.26 (2) (b) and (3), 71.34
18(1g) and 71.42 (2), "internal revenue code", for taxable years that begin after
19December 31, 1992, and before January 1, 1994, means the federal internal revenue
20code as amended to December 31, 1992, excluding sections 103, 104 and 110 of P.L.
21102-227, and as amended by P.L.
103-66, excluding sections 13101 (a) and (c) 1,
2213113, 13150, 13171, 13174 and 13203 of P.L.
103-66,
and P.L. 103-465 and as
23indirectly affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
24100-203, P.L.
100-647 excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821
25(b) (2) and 823 (c) (2) of P.L.
99-514 and section 1008 (g) (5) of P.L.
100-647, P.L.
1101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
2excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486 and, 3P.L.
103-66, excluding sections 13101 (a) and (c) 1, 13113, 13150, 13171, 13174 and
413203 of P.L.
103-66 and P.L. 103-465. The internal revenue code applies for
5Wisconsin purposes at the same time as for federal purposes. Amendments to the
6federal internal revenue code enacted after December 31, 1992, do not apply to this
7paragraph with respect to taxable years beginning after December 31, 1992, and
8before January 1, 1994, except that changes to the internal revenue code made by
9P.L.
103-66 and P.L. 103-465 and changes that indirectly affect the provisions
10applicable to this subchapter made by P.L.
103-66 and P.L. 103-465 apply for
11Wisconsin purposes at the same time as for federal purposes.
AB150-engrossed,1148,813
71.22
(4) (i) Except as provided in sub. (4m) and ss. 71.26 (2) (b) and (3), 71.34
14(1g) and 71.42 (2), "internal revenue code", for taxable years that begin after
15December 31, 1993,
and before January 1, 1995, means the federal internal revenue
16code as amended to December 31, 1993, excluding sections 103, 104 and 110 of P.L.
17102-227 and sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d) and 13215 of P.L.
18103-66,
and as amended by P.L. 103-296, P.L. 103-337 and P.L. 103-465 and as
19indirectly affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
20100-203, P.L.
100-647 excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821
21(b) (2) and 823 (c) (2) of P.L.
99-514 and section 1008 (g) (5) of P.L.
100-647, P.L.
22101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
23excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486 and, 24P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d) and
2513215 of P.L.
103-66 and P.L. 103-296, P.L. 103-337 and P.L. 103-465. The internal
1revenue code applies for Wisconsin purposes at the same time as for federal purposes.
2Amendments to the federal internal revenue code enacted after December 31, 1993,
3do not apply to this paragraph with respect to taxable years beginning after
4December 31, 1993
, and before January 1, 1995, except that changes to the internal
5revenue code made by P.L. 103-296, P.L. 103-337 and P.L. 103-465 and changes that
6indirectly affect the provisions applicable to this subchapter made by P.L. 103-296,
7P.L. 103-337 and P.L. 103-465 apply for Wisconsin purposes at the same time as for
8federal purposes.
AB150-engrossed,1148,2410
71.22
(4) (j) Except as provided in sub. (4m) and ss. 71.26 (2) (b) and (3), 71.34
11(1g) and 71.42 (2), "internal revenue code", for taxable years that begin after
12December 31, 1994, means the federal internal revenue code as amended to
13December 31, 1994, excluding sections 103, 104 and 110 of P.L.
102-227 and sections
1413113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, and as indirectly
15affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203,
16P.L.
100-647 excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2) and
17823 (c) (2) of P.L.
99-514 and section 1008 (g) (5) of P.L.
100-647, P.L.
101-73, P.L.
18101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections
19103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding
20sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66 and P.L.
21103-296, P.L.
103-337 and P.L.
103-465. The internal revenue code applies for
22Wisconsin purposes at the same time as for federal purposes. Amendments to the
23federal internal revenue code enacted after December 31, 1994, do not apply to this
24paragraph with respect to taxable years beginning after December 31, 1994.
AB150-engrossed,1149,18
171.22
(4m) (f) For taxable years that begin after December 31, 1992, and before
2January 1, 1994, "internal revenue code", for corporations that are subject to a tax
3on unrelated business income under s. 71.26 (1) (a), means the federal internal
4revenue code as amended to December 31, 1992, excluding sections 103, 104 and 110
5of P.L.
102-227, and as amended by P.L.
103-66, excluding sections 13101 (a) and (c)
61, 13113, 13150, 13171, 13174 and 13203 of P.L.
103-66,
and P.L. 103-465 and as
7indirectly affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
8100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
9101-508, P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
10102-318, P.L.
102-486 and, P.L.
103-66, excluding sections 13101 (a) and (c) 1,
1113113, 13150, 13171, 13174 and 13203 of P.L.
103-66 and P.L. 103-465. The internal
12revenue code applies for Wisconsin purposes at the same time as for federal purposes.
13Amendments to the internal revenue code enacted after December 31, 1992, do not
14apply to this paragraph with respect to taxable years beginning after December 31,
151992, and before January 1, 1994, except that changes to the internal revenue code
16made by P.L.
103-66 and P.L. 103-465 and changes that indirectly affect the
17provisions applicable to this subchapter made by P.L.
103-66 and P.L. 103-465 apply
18for Wisconsin purposes at the same time as for federal purposes.