SB55-ASA1-AA1,620,1916
3. Subsection (4) (e) and (f), as it applies to the credit under sub. (4), applies to
17the credit under this subsection, except that with regard to the carry-over provisions
18in sub. (4) (f) the maximum number of years that the credit under this subsection may
19be carried forward is 10 years.
SB55-ASA1-AA1,621,220
4. Partnerships, limited liability companies, and tax-option corporations may
21not claim the credit under this subsection, but the eligibility for, and the amount of,
22the credit are based on the amount calculated under par. (b). A partnership, limited
23liability company, or tax-option corporation shall compute the amount of credit that
24each of its partners, members, or shareholders may claim and shall provide that
25information to each of them. Partners, members of limited liability companies, and
1shareholders of tax-option corporations may claim the credit in proportion to their
2ownership interest.
SB55-ASA1-AA1,621,73
(d)
Administration. The department of revenue may enforce the credit under
4this subsection and may take any action, conduct any proceeding, and proceed as it
5is authorized in respect to taxes under this chapter. The income tax provisions in this
6chapter relating to assessments, refunds, appeals, collection, interest, and penalties
7apply to the credit under this subsection.
SB55-ASA1-AA1,621,109
71.30
(3) (cs) Conservation land, conservation easement tax credit under s.
1071.28 (5s).".
SB55-ASA1-AA1,621,1613
71.30
(10) (h)
Certification of amounts. (intro.) Annually, on or before
14September 15, the secretary of revenue shall certify to the department of
natural
15resources fish, wildlife, parks, and forestry, the department of administration and
16the state treasurer:".
SB55-ASA1-AA1,625,9
171.34
(1g) (pm) "Internal Revenue Code" for tax-option corporations, for
2taxable years beginning after December 31, 2000, and before January 1, 2002, means
3the federal Internal Revenue Code as amended by sections 411, 412 (a), 611 (a), 635,
4636 (b), 641 to 646, 655, 658, and 701 of P.L.
107-16 and as indirectly affected by
5sections 411, 412 (a), 611 (a), 635, 636 (b), 641 to 646, 655, 658, and 701 of P.L.
107-16.
6The Internal Revenue Code applies for Wisconsin purposes at the same time as for
7federal purposes. Amendments to the federal Internal Revenue Code enacted after
8June 30, 2001, do not apply to this paragraph with respect to taxable years beginning
9after December 31, 2000, and before January 1, 2002.".
SB55-ASA1-AA1,628,1911
71.42
(2) (om) For taxable years beginning after December 31, 2000, and before
12January 1, 2002, "Internal Revenue Code" means the federal Internal Revenue Code
13as amended by sections 411, 412 (a), 611 (a), 635, 636 (b), 641 to 646, 655, 658, and
14701 of P.L.
107-16 and as indirectly affected by sections 411, 412 (a), 611 (a), 635, 636
15(b), 641 to 646, 655, 658, and 701 of P.L.
107-16. The Internal Revenue Code applies
16for Wisconsin purposes at the same time as for federal purposes. Amendments to the
17federal Internal Revenue Code enacted after June 30, 2001, do not apply to this
18paragraph with respect to taxable years beginning after December 31, 2000, and
19before January 1, 2002.".
SB55-ASA1-AA1,629,322
71.45
(2) (a) 10. By adding to federal taxable income the amount of credit
23computed under s. 71.47 (1dd) to (1dx)
and (5r) and not passed through by a
24partnership, limited liability company
, or tax-option corporation that has added that
1amount to the partnership's, limited liability company's
, or tax-option corporation's
2income under s. 71.21 (4) or 71.34 (1) (g) and the amount of credit computed under
3s. 71.47 (1), (3), (4)
, and (5).".
