SB55-SSA1-CA1,398,1918
(d)
Administration. Subsection (9e) (d), to the extent that it applies to the credit
19under that subsection, applies to the credit under this subsection.
SB55-SSA1-CA1,398,2121
71.10
(4) (dg) The artistic endowment credit under s. 71.07 (9t).".
SB55-SSA1-CA1,399,103
71.28
(1di) (b) 1. Except as provided in subd. 2., the credit, including any
4credits carried over, may be offset only against the amount of the tax otherwise due
5under this chapter attributable to income from the business operations of the
6claimant in the development zone
; except that a claimant in a development zone
7under s. 560.795 (1) (e) may offset the credit, including any credits carried over,
8against the amount of the tax otherwise due under this chapter attributable to all
9of the claimant's income; and against the tax attributable to income from directly
10related business operations of the claimant.
SB55-SSA1-CA1,400,412
71.28
(1di) (b) 3. Partnerships, limited liability companies and tax-option
13corporations may not claim the credit under this subsection, but the eligibility for,
14and amount of, that credit shall be determined on the basis of their economic activity,
15not that of their shareholders, partners or members. The corporation, partnership
16or limited liability company shall compute the amount of the credit that may be
17claimed by each of its shareholders, partners or members and shall provide that
18information to each of its shareholders, partners or members. Partners, members
19of limited liability companies and shareholders of tax-option corporations may claim
20the credit based on the partnership's, company's or corporation's activities in
21proportion to their ownership interest and may offset it against the tax attributable
22to their income from the partnership's, company's or corporation's business
23operations in the development zone
; except that partners, members, and
24shareholders in a development zone under s. 560.795 (1) (e) may offset the credit
1against the amount of the tax attributable to their income from all of the
2partnership's, company's, or corporation's business operations; and against the tax
3attributable to their income from the partnership's, company's or corporation's
4directly related business operations.".
SB55-SSA1-CA1,400,16
9"(hm) Credits claimed under this subsection, including any credits carried over,
10may be offset only against the amount of the tax otherwise due under this subchapter
11attributable to income from the business operations of the claimant in the
12development zone; except that a claimant in a development zone under s. 560.795 (1)
13(e) may offset credits, including any credits carried over, against the amount of the
14tax otherwise due under this subchapter attributable to all of the claimant's income;
15and against the tax attributable to income from directly related business operations
16of the claimant.".
SB55-SSA1-CA1,400,20
171042. Page 796, line 17: after "zone" insert "; except that partners, members,
18and shareholders in a development zone under s. 560.795 (1) (e) may offset the credit
19against the amount of the tax attributable to their income from all of the
20partnership's, company's, or corporation's business operations;".
SB55-SSA1-CA1,401,52
71.28
(1dx) (a) 2. "Development zone" means a development zone under s.
3560.70, a development opportunity zone under s. 560.795
or
, an enterprise
4development zone under s. 560.797
, or an agricultural development zone under s.
5560.798.".
SB55-SSA1-CA1,401,178
71.28
(1dx) (c)
Credit precluded. If the certification of a person for tax benefits
9under s. 560.765 (3)
or, 560.797 (4)
or 560.798 (3) is revoked, or if the person becomes
10ineligible for tax benefits under s. 560.795 (3), that person may not claim credits
11under this subsection for the taxable year that includes the day on which the
12certification is revoked; the taxable year that includes the day on which the person
13becomes ineligible for tax benefits; or succeeding taxable years and that person may
14not carry over unused credits from previous years to offset tax under this chapter for
15the taxable year that includes the day on which certification is revoked; the taxable
16year that includes the day on which the person becomes ineligible for tax benefits;
17or succeeding taxable years.
SB55-SSA1-CA1,402,219
71.28
(1dx) (d)
Carry-over precluded. If a person who is entitled under s.
20560.795 (3) to claim tax benefits or certified under s. 560.765 (3)
or, 560.797 (4)
or
21560.798 (3) for tax benefits ceases business operations in the development zone
22during any of the taxable years that that zone exists, that person may not carry over
23to any taxable year following the year during which operations cease any unused
1credits from the taxable year during which operations cease or from previous taxable
2years.".
SB55-SSA1-CA1,402,4
4"
Section 2178k. 71.28 (1dx) (b) (intro.) of the statutes is amended to read:
SB55-SSA1-CA1,402,105
71.28
(1dx) (b)
Credit. (intro.) Except as provided
in pars. (be) and (bg) and 6in s. 73.03 (35)
, and subject to s. 560.785, for any taxable year for which the person
7is entitled under s. 560.795 (3) to claim tax benefits or certified under s. 560.765 (3)
8or, 560.797 (4)
or 560.798 (3), any person may claim as a credit against taxes imposed
9on the person's income from the person's business activities in a development zone
10under this subchapter the following amounts:
SB55-SSA1-CA1,402,1612
71.28
(1dx) (be)
Offset. A claimant in a development zone under s. 560.795 (1)
13(e) may offset any credits claimed under this subsection, including any credits
14carried over, against the amount of the tax otherwise due under this subchapter
15attributable to all of the claimant's income and against the tax attributable to income
16from directly related business operations of the claimant.
SB55-SSA1-CA1,403,718
71.28
(1dx) (bg)
Other entities. For claimants in a development zone under s.
19560.795 (1) (e), partnerships, limited liability companies, and tax-option
20corporations may not claim the credit under this subsection, but the eligibility for,
21and amount of, that credit shall be determined on the basis of their economic activity,
22not that of their shareholders, partners, or members. The corporation, partnership,
23or company shall compute the amount of the credit that may be claimed by each of
24its shareholders, partners, or members and shall provide that information to each
1of its shareholders, partners, or members. Partners, members of limited liability
2companies, and shareholders of tax-option corporations may claim the credit based
3on the partnership's, company's, or corporation's activities in proportion to their
4ownership interest and may offset it against the tax attributable to their income from
5all of the partnership's, company's, or corporation's business operations and against
6the tax attributable to their income from the partnership's, company's, or
7corporation's directly related business operations.".
SB55-SSA1-CA1,403,1110
71.28
(9t) Artistic endowment credit. (a)
Definition. In this subsection,
11"claimant" means a person who files a claim under this subsection.
SB55-SSA1-CA1,403,1612
(b)
Filing claims. For taxable years beginning after December 31, 2002, subject
13to the limitations provided in this subsection, a claimant may claim as a credit
14against the tax imposed under s. 71.23, up to the amount of those taxes, an amount
15equal to 10% of the amount contributed to the artistic endowment fund under s.
1625.78, up to a maximum credit of $500 in a taxable year.
SB55-SSA1-CA1,403,2017
(c)
Limitations and conditions. 1. No new claim may be filed under this
18subsection for a taxable year that begins after December 31 of the year in which the
19department determines that the total amount of revenues received by the
20endowment fund equals $50,150,000.
SB55-SSA1-CA1,403,2221
2. No credit may be allowed under this subsection unless it is claimed within
22the time period under s. 71.75 (2).
SB55-SSA1-CA1,403,2423
(d)
Administration. Subsection (4) (e) and (g), as it applies to the credit under
24sub. (4), applies to the credit under this subsection.
SB55-SSA1-CA1,404,22
71.30
(3) (bm) Artistic endowment credit under s. 71.28 (9t).".
SB55-SSA1-CA1,404,147
71.47
(1di) (b) 1. Except as provided in subd. 2., the credit, including any
8credits carried over, may be offset only against the amount of the tax otherwise due
9under this chapter attributable to income from the business operations of the
10claimant in the development zone
; except that a claimant in a development zone
11under s. 560.795 (1) (e) may offset the credit, including any credits carried over,
12against the amount of the tax otherwise due under this chapter attributable to all
13of the claimant's income; and against the tax attributable to income from directly
14related business operations of the claimant.
SB55-SSA1-CA1,405,716
71.47
(1di) (b) 3. Partnerships, limited liability companies and tax-option
17corporations may not claim the credit under this subsection, but the eligibility for,
18and amount of, that credit shall be determined on the basis of their economic activity,
19not that of their shareholders, partners or members. The corporation, partnership
20or limited liability company shall compute the amount of the credit that may be
21claimed by each of its shareholders, partners or members and shall provide that
22information to each of its shareholders, partners or members. Partners, members
23of limited liability companies and shareholders of tax-option corporations may claim
24the credit based on the partnership's, company's or corporation's activities in
1proportion to their ownership interest and may offset it against the tax attributable
2to their income from the partnership's, company's or corporation's business
3operations in the development zone
; except that a claimant in a development zone
4under s. 560.795 (1) (e) may offset the credit, including any credits carried over,
5against the amount of the tax otherwise due under this chapter attributable to all
6of the claimant's income; and against the tax attributable to their income from the
7partnership's, company's or corporation's directly related business operations.".
SB55-SSA1-CA1,405,19
12"(hm) Credits claimed under this subsection, including any credits carried over,
13may be offset only against the amount of the tax otherwise due under this subchapter
14attributable to income from the business operations of the claimant in the
15development zone; except that a claimant in a development zone under s. 560.795 (1)
16(e) may offset credits, including any credits carried over, against the amount of the
17tax otherwise due under this subchapter attributable to all of the claimant's income;
18and against the tax attributable to income from directly related business operations
19of the claimant.".
SB55-SSA1-CA1,405,23
201055. Page 829, line 12: after "zone" insert "; except that partners, members,
21and shareholders in a development zone under s. 560.795 (1) (e) may offset the credit
22against the amount of the tax attributable to their income from all of the
23partnership's, company's, or corporation's business operations;".
SB55-SSA1-CA1,406,74
71.47
(1dx) (a) 2. "Development zone" means a development zone under s.
5560.70, a development opportunity zone under s. 560.795 or an enterprise
6development zone under s. 560.797
, or an agricultural development zone under s.
7560.798.".
SB55-SSA1-CA1,406,1910
71.47
(1dx) (c)
Credit precluded. If the certification of a person for tax benefits
11under s. 560.765 (3)
or, 560.797 (4)
or 560.798 (3) is revoked, or if the person becomes
12ineligible for tax benefits under s. 560.795 (3), that person may not claim credits
13under this subsection for the taxable year that includes the day on which the
14certification is revoked; the taxable year that includes the day on which the person
15becomes ineligible for tax benefits; or succeeding taxable years and that person may
16not carry over unused credits from previous years to offset tax under this chapter for
17the taxable year that includes the day on which certification is revoked; the taxable
18year that includes the day on which the person becomes ineligible for tax benefits;
19or succeeding taxable years.
SB55-SSA1-CA1,407,321
71.47
(1dx) (d)
Carry-over precluded. If a person who is entitled under s.
22560.795 (3) to claim tax benefits or certified under s. 560.765 (3)
or, 560.797 (4)
or
23560.798 (3) for tax benefits ceases business operations in the development zone
24during any of the taxable years that that zone exists, that person may not carry over
1to any taxable year following the year during which operations cease any unused
2credits from the taxable year during which operations cease or from previous taxable
3years.".
SB55-SSA1-CA1,407,5
5"
Section 2192k. 71.47 (1dx) (b) (intro.) of the statutes is amended to read:
SB55-SSA1-CA1,407,116
71.47
(1dx) (b)
Credit. (intro.) Except or provided
in pars. (be) and (bg) and 7in s. 73.03 (35)
, and subject to s. 560.785, for any taxable year for which the person
8is entitled under s. 560.795 (3) to claim tax benefits or certified under s. 560.765 (3)
9or, 560.797 (4)
or 560.798 (3), any person may claim as a credit against taxes imposed
10on the person's income from the person's business activities in a development zone
11under this subchapter the following amounts:
SB55-SSA1-CA1,407,1713
71.47
(1dx) (be)
Offset. A claimant in a development zone under s. 560.795 (1)
14(e) may offset any credits claimed under this subsection, including any credits
15carried over, against the amount of the tax otherwise due under this subchapter
16attributable to all of the claimant's income and against the tax attributable to income
17from directly related business operations of the claimant.
SB55-SSA1-CA1,408,819
71.47
(1dx) (bg)
Other entities. For claimants in a development zone under s.
20560.795 (1) (e), partnerships, limited liability companies, and tax-option
21corporations may not claim the credit under this subsection, but the eligibility for,
22and amount of, that credit shall be determined on the basis of their economic activity,
23not that of their shareholders, partners, or members. The corporation, partnership,
24or company shall compute the amount of the credit that may be claimed by each of
1its shareholders, partners, or members and shall provide that information to each
2of its shareholders, partners, or members. Partners, members of limited liability
3companies, and shareholders of tax-option corporations may claim the credit based
4on the partnership's, company's, or corporation's activities in proportion to their
5ownership interest and may offset it against the tax attributable to their income from
6all of the partnership's, company's, or corporation's business operations and against
7the tax attributable to their income from the partnership's, company's, or
8corporation's directly related business operations.".
SB55-SSA1-CA1,408,1211
71.47
(9t) Artistic endowment credit. (a)
Definition. In this subsection,
12"claimant" means a person who files a claim under this subsection.
SB55-SSA1-CA1,408,1713
(b)
Filing claims. For taxable years beginning after December 31, 2002, subject
14to the limitations provided in this subsection, a claimant may claim as a credit
15against the tax imposed under s. 71.43, up to the amount of those taxes, an amount
16equal to 10% of the amount contributed to the artistic endowment fund under s.
1725.78, up to a maximum credit of $500 in a taxable year.
SB55-SSA1-CA1,408,2118
(c)
Limitations and conditions. 1. No new claim may be filed under this
19subsection for a taxable year that begins after December 31 of the year in which the
20department determines that the total amount of revenues received by the
21endowment fund equals $50,150,000.
SB55-SSA1-CA1,408,2322
2. No credit may be allowed under this subsection unless it is claimed within
23the time period under s. 71.75 (2).
SB55-SSA1-CA1,409,2
1(d)
Administration. Section 71.28 (4) (e) and (g), as it applies to the credit under
2s. 71.28 (4), applies to the credit under this subsection.
SB55-SSA1-CA1,409,44
71.49
(1) (bm) Artistic endowment credit under s. 71.47 (9t).".
SB55-SSA1-CA1,409,97
71.93
(1) (a) 3. An amount that the department of health and family services
8may recover under s.
49.45 (2) (a) 10. or 49.497, if the department of health and
9family services has certified the amount under s. 49.85.".
SB55-SSA1-CA1,409,1612
71.59
(1m) Permitted uses. The designation by the department of natural
13resources
or by the department of forestry of any farmland in this state, for which
14a claim under this section may be filed, as part of the ice age trail, under s. 23.17, is
15a permitted use under a farmland preservation agreement, or a certificate of a zoning
16authority, under sub. (1) (b).".
SB55-SSA1-CA1,409,24
19"72.01
(11m) "Federal credit" means, for deaths occurring after September 30,
202002, and before January 1, 2008, the federal estate tax credit allowed for state death
21taxes as computed under the federal estate tax law in effect on December 31, 2000,
22and for deaths occurring after December 31, 2007, the federal estate tax credit
23allowed for state death taxes as computed under the federal estate tax law in effect
24on the day of the decedent's death.".
