AB133-ASA1-CA1,329,72
71.28
(1di) (g) If a person who is
certified under s. 560.765 (3) for entitled under
3s. 560.795 (3) to claim tax benefits ceases business operations in the development
4zone during any of the taxable years that that zone exists, that person may not carry
5over to any taxable year following the year during which operations cease any
6unused credits from the taxable year during which operations cease or from previous
7taxable years.
AB133-ASA1-CA1,329,139
71.28
(1di) (j) No credit may be claimed under this subsection for taxable years
10that begin
on January 1, 1998, or thereafter after December 31, 1997, and end before
11January 1, 2000. Credits under this subsection for taxable years that begin before
12January 1, 1998, may be carried forward to taxable years that begin on January 1,
131998, or thereafter.".
AB133-ASA1-CA1,329,16
14967. Page 912, line 2: delete the material beginning with "certified" and
15ending with "(3)" on line 3 and substitute "
entitled under s. 560.795 (3) to claim tax
16benefits or certified under s. 560.765 (3)
or 560.797 (4)".
AB133-ASA1-CA1,330,419
71.28
(1dx) (c)
Credit precluded. If the certification of a person for tax benefits
20under s. 560.765 (3)
or 560.797 (4) is revoked,
or if the person becomes ineligible for
21tax benefits under s. 560.795 (3), that person may not claim credits under this
22subsection for the taxable year that includes the day on which the certification is
23revoked
; the taxable year that includes the day on which the person becomes
24ineligible for tax benefits; or succeeding taxable years and that person may not carry
1over unused credits from previous years to offset tax under this chapter for the
2taxable year that includes the day on which certification is revoked
; the taxable year
3that includes the day on which the person becomes ineligible for tax benefits; or
4succeeding taxable years.
AB133-ASA1-CA1,330,116
71.28
(1dx) (d)
Carry-over precluded. If a person who is
entitled under s.
7560.795 (3) to claim tax benefits or certified under s. 560.765 (3)
or 560.797 (4) for tax
8benefits ceases business operations in the development zone during any of the
9taxable years that that zone exists, that person may not carry over to any taxable
10year following the year during which operations cease any unused credits from the
11taxable year during which operations cease or from previous taxable years.".
AB133-ASA1-CA1,330,2416
71.28
(2m) (b) 1. a. Subject to the limitations provided in this subsection and
17s. 71.80 (3) and (3m), a claimant may claim as a credit against Wisconsin income or
18franchise taxes otherwise due, the amount derived under par. (c). If the allowable
19amount of claim exceeds the income or franchise taxes otherwise due on or measured
20by the claimant's income or if there are no Wisconsin income or franchise taxes due
21on or measured by the claimant's income, the amount of the claim not used as an
22offset against income or franchise taxes shall be certified to the department of
23administration for payment to the claimant by check, share draft or other draft paid
24from the
appropriation appropriations under s. 20.835 (2)
(q) (dn) and (ka).
AB133-ASA1-CA1, s. 1744be
1Section 1744be. 71.28 (2m) (b) 1. a. of the statutes, as affected by 1999
2Wisconsin Act .... (this act), is repealed and recreated to read:
AB133-ASA1-CA1,331,103
71.28
(2m) (b) 1. a. Subject to the limitations provided in this subsection and
4s. 71.80 (3) and (3m), a claimant may claim as a credit against Wisconsin income
5taxes otherwise due, the amount derived under par. (c). If the allowable amount of
6claim exceeds the income taxes otherwise due on the claimant's income or if there are
7no Wisconsin income taxes due on the claimant's income, the amount of the claim not
8used as an offset against income taxes shall be certified to the department of
9administration for payment to the claimant by check, share draft or other draft paid
10from the appropriations under s. 20.835 (2) (ka) and (q).
AB133-ASA1-CA1,331,1813
71.28
(2m) (c) 3. The department shall annually adjust the percentage that is
14used to determine the amount of a claim under subd. 1. based on the estimated
15number of claims and the amount estimated to be expended from the appropriation
16under s. 20.835 (2)
(q) (dn), as determined under s. 79.13. The department shall
17incorporate the annually adjusted percentage into the income tax forms and
18instructions.
AB133-ASA1-CA1, s. 1744bg
19Section 1744bg. 71.28 (2m) (c) 3. of the statutes, as affected by 1999 Wisconsin
20Act .... (this act), is repealed and recreated to read:
AB133-ASA1-CA1,332,221
71.28
(2m) (c) 3. The department shall annually adjust the percentage that is
22used to determine the amount of a claim under subd. 1. based on the estimated
23number of claims and the amount estimated to be expended from the appropriation
24under s. 20.835 (2) (q), as determined under s. 79.13. The department shall
1incorporate the annually adjusted percentage into the income tax forms and
2instructions.".
AB133-ASA1-CA1,332,105
71.362
(1) All tax-option items of nonresident individuals, nonresident estates
6and nonresident trusts derived from a tax-option corporation not requiring
7apportionment under sub. (2) shall follow the situs of the business of the corporation
8from which they are derived
, except that all income that is realized from the sale of
9or purchase and subsequent sale or redemption of lottery prizes if the winning tickets
10were originally bought in this state shall be allocated to this state.
AB133-ASA1-CA1,332,2412
71.362
(2) Nonresident individuals, nonresident estates and nonresident
13trusts deriving income from a tax-option corporation which is engaged in business
14within and without this state shall be taxed only on the income of the corporation
15derived from business transacted and property located in this state and losses and
16other items of the corporation deductible by such shareholders shall be limited to
17their proportionate share of the Wisconsin loss or other item
, except that all income
18that is realized from the sale of or purchase and subsequent sale or redemption of
19lottery prizes if the winning tickets were originally bought in this state shall be
20allocated to this state. For purposes of this subsection, all intangible income of
21tax-option corporations passed through to shareholders is business income that
22follows the situs of the business
, except that all income that is realized from the sale
23of or purchase and subsequent sale or redemption of lottery prizes if the winning
24tickets were originally bought in this state shall be allocated to this state.".
AB133-ASA1-CA1,334,25
71.43
(2) Franchise tax on corporations. For the privilege of exercising its
6franchise
, buying or selling lottery prizes if the winning tickets were originally
7bought in this state or doing business in this state in a corporate capacity, except as
8provided under s. 71.23 (3), every domestic or foreign corporation, except
9corporations specified in ss. 71.26 (1) and 71.45 (1), shall annually pay a franchise
10tax according to or measured by its entire Wisconsin net income of the preceding
11taxable year at the rates set forth in s. 71.46 (2). In addition, except as provided in
12ss. 71.23 (3), 71.26 (1) and 71.45 (1), a corporation that ceases doing business in this
13state shall pay a special franchise tax according to or measured by its entire
14Wisconsin net income for the taxable year during which the corporation ceases doing
15business in this state at the rate under s. 71.46 (2). Every corporation organized
16under the laws of this state shall be deemed to be residing within this state for the
17purposes of this franchise tax. All provisions of this chapter and ch. 73 relating to
18income taxation of corporations shall apply to franchise taxes imposed under this
19subsection, unless the context requires otherwise. The tax imposed by this
20subsection on insurance companies subject to taxation under this chapter shall be
21based on Wisconsin net income computed under s. 71.45, and no other provision of
22this chapter relating to computation of taxable income for other corporations shall
23apply to such insurance companies. All other provisions of this chapter shall apply
1to insurance companies subject to taxation under this chapter unless the context
2clearly requires otherwise.
AB133-ASA1-CA1,334,224
71.45
(1) Exempt and excludable income. There shall be exempt from taxation
5under this subchapter income of insurers exempt from federal income taxation
6pursuant to section
501 (c) (15) of the internal revenue code, town mutuals organized
7under or subject to ch. 612, foreign insurers, and domestic insurers engaged
8exclusively in life insurance business, domestic insurers insuring against financial
9loss by reason of nonpayment of principal, interest and other sums agreed to be paid
10under the terms of any note or bond or other evidence of indebtedness secured by a
11mortgage, deed of trust or other instrument constituting a lien or charge on real
12estate and corporations organized under ch. 185, but not including income of
13cooperative sickness care associations organized under s. 185.981, or of a service
14insurance corporation organized under ch. 613, that is derived from a health
15maintenance organization as defined in s. 609.01 (2) or a limited service health
16organization as defined in s. 609.01 (3), or operating under subch. I of ch. 616 which
17are bona fide cooperatives operated without pecuniary profit to any shareholder or
18member, or operated on a cooperative plan pursuant to which they determine and
19distribute their proceeds in substantial compliance with s. 185.45.
This subsection
20does not apply to income that is realized from the sale of or purchase and subsequent
21sale or redemption of lottery prizes if the winning tickets were originally bought in
22this state.".
AB133-ASA1-CA1,335,3
171.45
(2) (a) 15. By subtracting from federal taxable income all income that is
2realized from the purchase and subsequent sale or redemption of lottery prizes that
3is treated as nonapportionable income under sub. (3r).".
AB133-ASA1-CA1,335,108
71.45
(3r) Allocation of certain proceeds. All income that is realized from
9the purchase and subsequent sale or redemption of lottery prizes if the winning
10tickets were originally bought in this state shall be allocated to this state.".
AB133-ASA1-CA1,335,2013
71.46
(3) The tax imposed under this subchapter on each domestic insurer on
14or measured by its entire net income attributable to lines of insurance in this state
15may not exceed 2% of the gross premiums, as defined in s. 76.62, received during the
16taxable year by the insurer on all policies on those lines of insurance if the subject
17of that insurance was resident, located or to be performed in this state
plus 7.9% of
18the income that is realized from the sale of or purchase and subsequent sale or
19redemption of lottery prizes if the winning tickets were originally bought in this
20state.".
AB133-ASA1-CA1,336,523
71.47
(1di) (a) (intro.) Except as provided in pars. (dm) and (f) and s. 73.03 (35),
24for any taxable year for which the person is
certified under s. 560.765 (3) for entitled
1under s. 560.795 (3) to claim tax benefits, any person may claim as a credit against
2taxes otherwise due under this chapter 2.5% of the purchase price of depreciable,
3tangible personal property, or 1.75% of the purchase price of depreciable, tangible
4personal property that is expensed under section
179 of the internal revenue code for
5purposes of the taxes under this chapter, except that:
AB133-ASA1-CA1,336,137
71.47
(1di) (a) 1. The investment must be in property that is purchased after
8the person is
certified under s. 560.765 (3) for
entitled under s. 560.795 (3) to claim 9tax benefits and that is used for at least 50% of its use in the conduct of the
person's 10business operations
for which the claimant is certified under s. 560.765 (3) at a
11location in a development zone under subch. VI of ch. 560 or, if the property is mobile,
12the base of operations of the property for at least 50% of its use must be a location
13in a development zone.
AB133-ASA1-CA1,336,1715
71.47
(1di) (d) 1. A copy of
the claimant's certification for a verification from
16the department of commerce that the claimant may claim tax benefits under s.
17560.765 (3) 560.795 (3).
AB133-ASA1-CA1,337,219
71.47
(1di) (f) If
the certification of a person
for who is entitled under s. 560.795
20(3) to claim tax benefits
under s. 560.765 (3) is revoked becomes ineligible for such
21tax benefits, that person may claim no credits under this subsection for the taxable
22year that includes the day on which the
certification is revoked person becomes
23ineligible for tax benefits or succeeding taxable years and that person may carry over
24no unused credits from previous years to offset tax under this chapter for the taxable
1year that includes the day on which
certification is revoked the person becomes
2ineligible for tax benefits or succeeding taxable years.
AB133-ASA1-CA1,337,94
71.47
(1di) (g) If a person who is
certified under s. 560.765 (3) for entitled under
5s. 560.795 (3) to claim tax benefits ceases business operations in the development
6zone during any of the taxable years that that zone exists, that person may not carry
7over to any taxable year following the year during which operations cease any
8unused credits from the taxable year during which operations cease or from previous
9taxable years.
AB133-ASA1-CA1,337,1511
71.47
(1di) (i) No credit may be claimed under this subsection for taxable years
12that begin
on January 1, 1998, or thereafter after December 31, 1997, and end before
13January 1, 2000. Credits under this subsection for taxable years that begin before
14January 1, 1998, may be carried forward to taxable years that begin on January 1,
151998, or thereafter.".
AB133-ASA1-CA1,337,18
16979. Page 942, line 16: delete the material beginning with "certified" and
17ending with "(3)" on line 17 and substitute "
entitled under s. 560.795 (3) to claim tax
18benefits or certified under s. 560.765 (3)
or 560.797 (4)".
AB133-ASA1-CA1,338,621
71.47
(1dx) (c)
Credit precluded. If the certification of a person for tax benefits
22under s. 560.765 (3)
or 560.797 (4) is revoked,
or if the person becomes ineligible for
23tax benefits under s. 560.795 (3), that person may not claim credits under this
24subsection for the taxable year that includes the day on which the certification is
1revoked
; the taxable year that includes the day on which the person becomes
2ineligible for tax benefits; or succeeding taxable years and that person may not carry
3over unused credits from previous years to offset tax under this chapter for the
4taxable year that includes the day on which certification is revoked
; the taxable year
5that includes the day on which the person becomes ineligible for tax benefits; or
6succeeding taxable years.
AB133-ASA1-CA1,338,138
71.47
(1dx) (d)
Carry-over precluded. If a person who is
entitled under s.
9560.795 (3) to claim tax benefits or certified under s. 560.765 (3)
or 560.797 (4) for tax
10benefits ceases business operations in the development zone during any of the
11taxable years that that zone exists, that person may not carry over to any taxable
12year following the year during which operations cease any unused credits from the
13taxable year during which operations cease or from previous taxable years.".
AB133-ASA1-CA1,339,218
71.47
(2m) (b) 1. a. Subject to the limitations provided in this subsection and
19s. 71.80 (3) and (3m), a claimant may claim as a credit against Wisconsin income or
20franchise taxes otherwise due, the amount derived under par. (c). If the allowable
21amount of claim exceeds the income or franchise taxes otherwise due on or measured
22by the claimant's income or if there are no Wisconsin income or franchise taxes due
23on or measured by the claimant's income, the amount of the claim not used as an
24offset against income or franchise taxes shall be certified to the department of
1administration for payment to the claimant by check, share draft or other draft paid
2from the
appropriation appropriations under s. 20.835 (2)
(q) (dn) and (ka).
AB133-ASA1-CA1, s. 1757be
3Section 1757be. 71.47 (2m) (b) 1. a. of the statutes, as affected by 1999
4Wisconsin Act .... (this act), is repealed and recreated to read:
AB133-ASA1-CA1,339,125
71.47
(2m) (b) 1. a. Subject to the limitations provided in this subsection and
6s. 71.80 (3) and (3m), a claimant may claim as a credit against Wisconsin income
7taxes otherwise due, the amount derived under par. (c). If the allowable amount of
8claim exceeds the income taxes otherwise due on the claimant's income or if there are
9no Wisconsin income taxes due on the claimant's income, the amount of the claim not
10used as an offset against income taxes shall be certified to the department of
11administration for payment to the claimant by check, share draft or other draft paid
12from the appropriations under s. 20.835 (2) (ka) and (q).
AB133-ASA1-CA1, s. 1744bf
13Section 1744bf. 71.47 (2m) (c) 3. of the statutes, as created by Wisconsin Act
145, is amended to read:
AB133-ASA1-CA1,339,2015
71.47
(2m) (c) 3. The department shall annually adjust the percentage that is
16used to determine the amount of a claim under subd. 1. based on the estimated
17number of claims and the amount estimated to be expended from the appropriation
18under s. 20.835 (2)
(q) (dn), as determined under s. 79.13. The department shall
19incorporate the annually adjusted percentage into the income tax forms and
20instructions.
AB133-ASA1-CA1, s. 1744bg
21Section 1744bg. 71.47 (2m) (c) 3. of the statutes, as affected by 1999 Wisconsin
22Act .... (this act), is repealed and recreated to read:
AB133-ASA1-CA1,340,323
71.47
(2m) (c) 3. The department shall annually adjust the percentage that is
24used to determine the amount of a claim under subd. 1. based on the estimated
25number of claims and the amount estimated to be expended from the appropriation
1under s. 20.835 (2) (q), as determined under s. 79.13. The department shall
2incorporate the annually adjusted percentage into the income tax forms and
3instructions.".
AB133-ASA1-CA1,340,5
5"71.54
(1) (e)
2000. The amount of any claim filed in 2000".
AB133-ASA1-CA1,340,119
71.54
(1) (f)
2001 and thereafter. The amount of any claim filed in 2001 and
10thereafter and based on property taxes accrued or rent constituting property taxes
11accrued during the previous year is limited as follows:
AB133-ASA1-CA1,340,1412
1. If the household income was $8,000 or less in the year to which the claim
13relates, the claim is limited to 80% of the property taxes accrued or rent constituting
14property taxes accrued or both in that year on the claimant's homestead.
AB133-ASA1-CA1,340,1815
2. If the household income was more than $8,000 in the year to which the claim
16relates, the claim is limited to 80% of the amount by which the property taxes accrued
17or rent constituting property taxes accrued or both in that year on the claimant's
18homestead exceeds 8.788% of the household income exceeding $8,000.
AB133-ASA1-CA1,340,2019
3. No credit may be allowed if the household income of a claimant exceeds
20$24,500.".
AB133-ASA1-CA1,341,4
1988. Page 947, line 11: delete lines 11 and 12 and substitute "by multiplying
2the amount of the prize by the highest rate applicable to
individuals under s. 71.06
3(1) or (1m) to the person who claims the prize. The administrator shall deposit the
4amounts".
AB133-ASA1-CA1,341,97
73.0301
(1) (d) 2. A license issued by the department of health and family
8services under s. 48.66 (1)
(a) to a child welfare agency, group home, shelter care
9facility or day care center, as required by s. 48.60, 48.625, 48.65 or 938.22 (7).".
AB133-ASA1-CA1,341,12
11"
Section 1798r. 73.03 (50) of the statutes is renumbered 73.03 (50) (intro.) and
12amended to read:
AB133-ASA1-CA1,341,1713
73.03
(50) (intro.) With the approval of the joint committee on finance, to
14establish fees for obtaining a business tax registration certificate, which, except as
15provided in s. 73.0302, is valid for 2 years, and for renewing that certificate and,
16except as provided in s. 73.0302, shall issue and renew those certificates if the person
17who wishes to obtain or renew a certificate
applies
does all of the following:
AB133-ASA1-CA1,341,18
18(a) Applies on a form that the department prescribes
; sets.