SB40-ASA1-AA1,236,84
71.05
(1) (c) 8. The Wisconsin Health and Educational Facilities Authority
5under s. 231.03 (6), on or after the effective date of this subdivision .... [revisor inserts
6date], if the proceeds from the bonds or notes that are issued are used by a health
7facility, as defined in s. 231.01 (5), to fund the acquisition of information technology
8hardware or software.".
SB40-ASA1-AA1,237,315
71.05
(6) (b) 28. am. Notwithstanding subd. 28. a., for taxable years beginning
16after December 31, 2006, the department of revenue and the Board of Regents of the
17University of Wisconsin System shall continue making the calculation described
18under subd. 28. a. Notwithstanding subd. 28. a., once this calculation exceeds
19$6,000, the deduction for tuition expenses and mandatory student fees, as described
20in subd. 28. (intro.), shall be based on an amount equal to not more than twice the
21average amount charged by the Board of Regents of the University of Wisconsin
22System at 4-year institutions for resident undergraduate academic fees for the most
23recent fall semester, as determined by the Board of Regents by September 1 of that
24semester, per student for each year to which the claim relates, and the deduction that
1may be claimed under this subd. 28. am. first applies to taxable years beginning on
2the January 1 after the calculation of the Board of Regents, that must occur by
3September 1, exceeds $6,000.
SB40-ASA1-AA1,237,105
71.05
(6) (b) 28. b. From the amount calculated under subd. 28. a.
or am., if the
6claimant is single or married and filing as head of household and his or her federal
7adjusted gross income is more than $50,000 but not more than $60,000, subtract the
8product of the amount calculated under subd. 28. a.
or am. and the value of a fraction,
9the denominator of which is $10,000 and the numerator of which is the difference
10between the claimant's federal adjusted gross income and $50,000.
SB40-ASA1-AA1,237,1812
71.05
(6) (b) 28. c. From the amount calculated under subd. 28. a.
or am., if the
13claimant is married and filing jointly and the claimant's and his or her spouse's
14federal adjusted gross income is more than $80,000 but not more than $100,000,
15subtract the product of the amount calculated under subd. 28. a.
or am. and the value
16of a fraction, the denominator of which is $20,000 and the numerator of which is the
17difference between the claimant's and his or her spouse's federal adjusted gross
18income and $80,000.
SB40-ASA1-AA1,237,2520
71.05
(6) (b) 28. d. From the amount calculated under subd. 28. a.
or am., if the
21claimant is married and filing separately and the claimant's federal adjusted gross
22income is more than $40,000 but not more than $50,000, subtract the product of the
23amount calculated under subd. 28. a.
or am. and the value of a fraction, the
24denominator of which is $10,000 and the numerator of which is the difference
25between the claimant's federal adjusted gross income and $40,000.
SB40-ASA1-AA1,238,132
71.05
(6) (b) 28. e. For an individual who is a nonresident or part-year resident
3of this state, multiply the amount calculated under subd. 28. a.,
am., b., c. or d. by
4a fraction the numerator of which is the individual's wages, salary, tips, unearned
5income and net earnings from a trade or business that are taxable by this state and
6the denominator of which is the individual's total wages, salary, tips, unearned
7income and net earnings from a trade or business. In this subd. 28. e., for married
8persons filing separately "wages, salary, tips, unearned income and net earnings
9from a trade or business" means the separate wages, salary, tips, unearned income
10and net earnings from a trade or business of each spouse, and for married persons
11filing jointly "wages, salary, tips, unearned income and net earnings from a trade or
12business" means the total wages, salary, tips, unearned income and net earnings
13from a trade or business of both spouses.
SB40-ASA1-AA1,238,1715
71.05
(6) (b) 28. f. Reduce the amount calculated under subd. 28. a.,
am., b., c.,
16d. or e. to the individual's aggregate wages, salary, tips, unearned income and net
17earnings from a trade or business that are taxable by this state.".
SB40-ASA1-AA1,238,21
191371. Page 868, line 7: delete "savings account, as described in s. 14.64" and
20substitute "
a college savings account, as described in s. 14.64 any qualified tuition
21program, as that term is defined in 26 USC 529 (b) (1)".
SB40-ASA1-AA1,239,4
171.05
(6) (b) 31. Any increase in value of
a college savings account, as described
2in s. 14.64 any qualified tuition program, as that term is defined in 26 USC 529 (b)
3(1), except that the subtraction under this subdivision may not be claimed by any
4individual who has made a nonqualified withdrawal, as described in s. 14.64 (2) (e).
SB40-ASA1-AA1,239,116
71.05
(6) (b) 32. (intro.) An amount paid into
a college savings account, as
7described in s. 14.64 any qualified tuition program, as that term is defined in 26 USC
8529 (b) (1), if the beneficiary of the account is one of the following: the claimant; the
9claimant's child and the claimant's dependent who is claimed under section
151 (c)
10of the Internal Revenue Code; the claimant's grandchild; the claimant's
11great-grandchild; or the claimant's niece or nephew; calculated as follows:".
SB40-ASA1-AA1,239,1716
71.07
(3h) Workplace wellness program credit. (a)
Definitions. In this
17subsection:
SB40-ASA1-AA1,239,1818
1. "Claimant" means a person who files a claim under this subsection.
SB40-ASA1-AA1,239,2319
2. "Health risk assessment" means a computer-based health-promotion tool
20consisting of a questionnaire; a biometric heath screening to measure vital health
21statistics, including blood pressure, cholesterol, glucose, weight, and height; a
22formula for estimating health risks; an advice database; and a means to generate
23reports.
SB40-ASA1-AA1,240,3
13. "Workplace wellness program" means a health or fitness program, as defined
2by rule under s. 560.207 (4), that is provided with health risk assessments and
3includes the following programs or services:
SB40-ASA1-AA1,240,44
a. Smoking cessation.
SB40-ASA1-AA1,240,55
b. Weight management.
SB40-ASA1-AA1,240,66
c. Stress management.
SB40-ASA1-AA1,240,77
d. Worker injury prevention programs.
SB40-ASA1-AA1,240,88
e. Health screenings.
SB40-ASA1-AA1,240,99
f. Nutrition education.
SB40-ASA1-AA1,240,1010
g. Health or fitness incentive programs.
SB40-ASA1-AA1,240,1711
(b)
Filing claims. Subject to the limitations provided in this subsection and s.
12560.207, for taxable years beginning after December 31, 2008, a claimant may claim
13as a credit against the taxes imposed under s. 71.02, up to the amount of those taxes,
14in each taxable year for 3 years, an amount that is equal to 30 percent of the amount
15that the claimant paid in the taxable year to provide a workplace wellness program
16to any of the claimant's employees who are employed in this state, not including any
17amount paid to acquire, construct, rehabilitate, remodel, or repair real property.
SB40-ASA1-AA1,240,2218
(c)
Limitations. 1. The maximum amount of the credits that may be claimed
19under this subsection and ss. 71.28 (3h) and 71.47 (3h) in any taxable year is
20$2,500,000 for all claimants who employ 50 or fewer employees in the taxable year
21and $2,500,000 for all claimants who employ more than 50 employees in the taxable
22year.
SB40-ASA1-AA1,241,523
2. Partnerships, limited liability companies, and tax-option corporations may
24not claim the credit under this subsection, but the eligibility for, and the amount of,
25the credit are based on their payment of amounts under par. (b). A partnership,
1limited liability company, or tax-option corporation shall compute the amount of
2credit that each of its partners, members, or shareholders may claim and shall
3provide that information to each of them. Partners, members of limited liability
4companies, and shareholders of tax-option corporations may claim the credit in
5proportion to their ownership interests.
SB40-ASA1-AA1,241,76
(d)
Administration. Section 71.28 (4) (e) to (h), as it applies to the credit under
7s. 71.28 (4), applies to the credit under this subsection.".
SB40-ASA1-AA1,241,1110
71.07
(3i) Biodiesel fuel production credit. (a)
Definitions. In this
11subsection:
SB40-ASA1-AA1,241,1212
1. "Biodiesel fuel" has the meaning given in s. 168.14 (2m) (a).
SB40-ASA1-AA1,241,1413
2. "Claimant" means a person who is engaged in the business of producing
14biodiesel fuel in this state and who files a claim under this subsection.
SB40-ASA1-AA1,241,2115
(b)
Filing claims. Subject to the limitations provided in this subsection, for
16taxable years beginning after December 31, 2007, and before January 1, 2011, for a
17claimant who produces at least 2,500,000 gallons of biodiesel fuel in this state in the
18taxable year, a claimant may claim as a credit against the tax imposed under s. 71.02,
19up to the amount of the tax, an amount that is equal to the number of gallons of
20biodiesel fuel produced by the claimant in this state in the taxable year multiplied
21by 10 cents.
SB40-ASA1-AA1,241,2322
(c)
Limitations. 1. The maximum amount of the credit that a claimant may
23claim under this subsection in a taxable year is $1,000,000.
SB40-ASA1-AA1,242,8
12. Partnerships, limited liability companies, and tax-option corporations may
2not claim the credit under this subsection, but the eligibility for, and the amount of,
3the credit are based on their biodiesel fuel production, as described under par. (b).
4A partnership, limited liability company, or tax-option corporation shall compute
5the amount of credit that each of its partners, members, or shareholders may claim
6and shall provide that information to each of them. Partners, members of limited
7liability companies, and shareholders of tax-option corporations may claim the
8credit in proportion to their ownership interests.
SB40-ASA1-AA1,242,109
(d)
Administration. Section 71.28 (4) (e) to (h) as it applies to the credit under
10s. 71.28 (4), applies to the credit under this subsection.".
SB40-ASA1-AA1,242,16
14"2m. a. The maximum amount of the credits that may be claimed under this
15subsection and ss. 71.28 (3p) and 71.47 (3p) in fiscal year 2007-08 is $600,000, as
16allocated under s. 560.208.
SB40-ASA1-AA1,242,1917
b. The maximum amount of the credits that may be claimed under this
18subsection and ss. 71.28 (3p) and 71.47 (3p) in fiscal year 2008-09, and in each fiscal
19year thereafter, is $700,000, as allocated under s. 560.208.".
SB40-ASA1-AA1,242,2424
71.07
(3w) (title)
Enterprise Rural enterprise zone jobs credit.
SB40-ASA1-AA1,243,42
71.07
(3w) (a) 1. "Base year" means the taxable year beginning during the
3calendar year prior to the calendar year in which the
rural enterprise zone in which
4the claimant is located takes effect.
SB40-ASA1-AA1,243,76
71.07
(3w) (a) 4. "
Enterprise
Rural enterprise zone" means a zone designated
7under s. 560.799.".
SB40-ASA1-AA1,243,13
9"2. If the allowable amount of the claim under par. (b) exceeds the tax otherwise
10due under s. 71.02 or 71.08 or no tax is due under s. 71.02 or 71.08, the amount of the
11claim not used to offset the tax due shall be certified by the department of revenue
12to the department of administration for payment by check, share draft, or other draft
13drawn from the appropriation account under s. 20.835 (2) (bn).".
SB40-ASA1-AA1,244,84
71.07
(6e) (a) 2. a. An individual who had served on active duty in the U.S.
5armed forces or in forces incorporated as part of the U.S. armed forces
,; who was a
6resident of this state at the time of entry into that active service
, or who had been a
7resident of this state for any consecutive 5-year period after entry into that active
8duty service; and who, while a resident of this state, died while on active duty.
SB40-ASA1-AA1,244,1910
71.07
(6e) (a) 2. b. An individual who had served on active duty under
11honorable conditions in the U.S. armed forces or in forces incorporated as part of the
12U.S. armed forces; who was a resident of this state at the time of entry into that active
13service
; who was at least 65 years of age at the time of his or her death or would have
14been 65 years of age at the close of the year in which the death occurred or who had
15been a resident of this state for any consecutive 5-year period after entry into that
16active duty service; who was a resident of this state at the time of his or her death;
17and who had
either a service-connected disability rating of 100 percent under
38
18USC 1114 or
1134 or a 100 percent disability rating based on individual
19unemployability.
SB40-ASA1-AA1,245,221
71.07
(6e) (a) 2. c. An individual who had served in the national guard or a
22reserve component of the U.S. armed forces
,; who was a resident of this state at the
23time of entry into that service
, or who had been a resident of this state for any
24consecutive 5-year period after entry into that service; and who, while a resident of
1this state, died in the line of duty while on active or inactive duty for training
2purposes.
SB40-ASA1-AA1,245,64
71.07
(6e) (a) 3. (intro.) "Eligible veteran" means an individual
who is at least
565 years of age and who is verified by the department of veterans affairs as meeting
6all of the following conditions:
