SB40-CSA1,892,109
71.07
(3h) Biodiesel fuel production credit. (a)
Definitions. In this
10subsection:
SB40-CSA1,892,1111
1. "Biodiesel fuel" has the meaning given in s. 168.14 (2m) (a).
SB40-CSA1,892,1312
2. "Claimant" means a person who is engaged in the business of producing
13biodiesel fuel in this state and who files a claim under this subsection.
SB40-CSA1,892,2014
(b)
Filing claims. Subject to the limitations provided in this subsection, for
15taxable years beginning after December 31, 2009, and before January 1, 2013, for a
16claimant who produces at least 2,500,000 gallons of biodiesel fuel in this state in the
17taxable year, a claimant may claim as a credit against the tax imposed under s. 71.02,
18up to the amount of the tax, an amount that is equal to the number of gallons of
19biodiesel fuel produced by the claimant in this state in the taxable year multiplied
20by 10 cents.
SB40-CSA1,892,2221
(c)
Limitations. 1. The maximum amount of the credit that a claimant may
22claim under this subsection in a taxable year is $1,000,000.
SB40-CSA1,893,523
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 biodiesel fuel production, as described under par. (b).
1A partnership, limited liability company, or tax-option corporation shall compute
2the amount of credit that each of its partners, members, or shareholders may claim
3and shall provide that information to each of them. Partners, members of limited
4liability companies, and shareholders of tax-option corporations may claim the
5credit in proportion to their ownership interests.
SB40-CSA1,893,76
(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-CSA1,893,109
71.07
(3p) Dairy manufacturing facility investment credit. (a)
Definitions.
10In this subsection:
SB40-CSA1,893,1111
1. "Claimant" means a person who files a claim under this subsection.
SB40-CSA1,893,1312
2. "Dairy manufacturing" means processing milk into dairy products or
13processing dairy products for sale commercially.
SB40-CSA1,893,1814
3. "Dairy manufacturing modernization or expansion" means constructing,
15improving, or acquiring buildings or facilities, or acquiring equipment, for dairy
16manufacturing, including the following, if used exclusively for dairy manufacturing
17and if acquired and placed in service in this state during taxable years that begin
18after December 31, 2006, and before January 1, 2015:
SB40-CSA1,893,1919
a. Building construction, including storage and warehouse facilities.
SB40-CSA1,893,2020
b. Building additions.
SB40-CSA1,893,2121
c. Upgrades to utilities, including water, electric, heat, and waste facilities.
SB40-CSA1,893,2222
d. Milk intake and storage equipment.
SB40-CSA1,893,2523
e. Processing and manufacturing equipment, including pipes, motors, pumps,
24valves, pasteurizers, homogenizers, vats, evaporators, dryers, concentrators, and
25churns.
SB40-CSA1,894,2
1f. Packaging and handling equipment, including sealing, bagging, boxing,
2labeling, conveying, and product movement equipment.
SB40-CSA1,894,33
g. Warehouse equipment, including storage racks.
SB40-CSA1,894,64
h. Waste treatment and waste management equipment, including tanks,
5blowers, separators, dryers, digesters, and equipment that uses waste to produce
6energy, fuel, or industrial products.
SB40-CSA1,894,97
i. Computer software and hardware used for managing the claimant's dairy
8manufacturing operation, including software and hardware related to logistics,
9inventory management, and production plant controls.
SB40-CSA1,894,1110
4. "Used exclusively" means used to the exclusion of all other uses except for
11use not exceeding 5 percent of total use.
SB40-CSA1,894,1712
(b)
Filing claims. Subject to the limitations provided in this subsection and s.
13560.207, for taxable years beginning after December 31, 2006, and before January
141, 2015, a claimant may claim as a credit against the taxes imposed under s. 71.02
15or 71.08, up to the amount of the tax, an amount equal to 10 percent of the amount
16the claimant paid in the taxable year for dairy manufacturing modernization or
17expansion related to the claimant's dairy manufacturing operation.
SB40-CSA1,894,2018
(c)
Limitations. 1. No credit may be allowed under this subsection for any
19amount that the claimant paid for expenses described under par. (b) that the
20claimant also claimed as a deduction under section
162 of the Internal Revenue Code.
SB40-CSA1,894,2221
2. The aggregate amount of credits that a claimant may claim under this
22subsection is $200,000.
SB40-CSA1,894,2523
2m. a. The maximum amount of the credits that may be claimed under this
24subsection and ss. 71.28 (3p) and 71.47 (3p) in fiscal year 2007-08 is $600,000, as
25allocated under s. 560.207.
SB40-CSA1,895,3
1b. The maximum amount of the credits that may be claimed under this
2subsection and ss. 71.28 (3p) and 71.47 (3p) in fiscal year 2008-09, and in each fiscal
3year thereafter, is $700,000, as allocated under s. 560.207.
SB40-CSA1,895,124
3. Partnerships, limited liability companies, and tax-option corporations may
5not claim the credit under this subsection, but the eligibility for, and the amount of,
6the credit are based on their payment of expenses under par. (b), except that the
7aggregate amount of credits that the entity may compute shall not exceed $200,000.
8A partnership, limited liability company, or tax-option corporation shall compute
9the amount of credit that each of its partners, members, or shareholders may claim
10and shall provide that information to each of them. Partners, members of limited
11liability companies, and shareholders of tax-option corporations may claim the
12credit in proportion to their ownership interest.
SB40-CSA1,895,1613
4. If 2 or more persons own and operate the dairy manufacturing operation,
14each person may claim a credit under par. (b) in proportion to his or her ownership
15interest, except that the aggregate amount of the credits claimed by all persons who
16own and operate the dairy manufacturing operation shall not exceed $200,000.
SB40-CSA1,895,1817
(d)
Administration. 1. Section 71.28 (4) (e), (g), and (h), as it applies to the credit
18under s. 71.28 (4), applies to the credit under this subsection.
SB40-CSA1,895,2319
2. If the allowable amount of the claim under par. (b) exceeds the tax otherwise
20due under s. 71.02 or 71.08 or no tax is due under s. 71.02 or 71.08, the amount of the
21claim not used to offset the tax due shall be certified by the department of revenue
22to the department of administration for payment by check, share draft, or other draft
23drawn from the appropriation account under s. 20.835 (2) (bn).
SB40-CSA1,896,2
171.07
(3w) (a) 5m. "Wages" means wages under section
3306 (b) of the Internal
2Revenue Code, determined without regard to any dollar limitations.
SB40-CSA1,896,84
71.07
(3w) (a) 6. "Zone payroll" means the amount of state payroll that is
5attributable to
compensation wages paid to
individuals full-time employees for
6services that are performed in
a an enterprise zone. "Zone payroll" does not include
7the amount of
compensation wages paid to any
individuals full-time employees that
8exceeds $100,000.
SB40-CSA1, s. 1969
9Section
1969. 71.07 (3w) (b) 1. a. of the statutes is amended to read:
SB40-CSA1,896,1510
71.07
(3w) (b) 1. a. The
claimant's zone payroll in the taxable year, minus the
11claimant's zone payroll number of full-time employees whose annual wages are
12greater than $30,000 and who the claimant employed in the enterprise zone in the
13taxable year, minus the number of full-time employees whose annual wages were
14greater than $30,000 and who the claimant employed in the area that comprises the
15enterprise zone in the base year.
SB40-CSA1, s. 1970
16Section
1970. 71.07 (3w) (b) 1. b. of the statutes is amended to read:
SB40-CSA1,896,2117
71.07
(3w) (b) 1. b. The
claimant's state payroll in the taxable year, minus the
18claimant's state payroll number of full-time employees whose annual wages are
19greater than $30,000 and who the claimant employed in the state in the taxable year,
20minus the number of full-time employees whose annual wages were greater than
21$30,000 and who the claimant employed in the state in the base year.
SB40-CSA1,897,323
71.07
(3w) (b) 2.
Subtract the number of Determine the claimant's average
24zone payroll by dividing total wages for full-time employees
that whose annual
25wages are greater than $30,000 and who the claimant employed in
the area that
1comprises the enterprise zone in the
base
taxable year
from by the number of
2full-time employees
that whose annual wages are greater than $30,000 and who the
3claimant employed in the enterprise zone in the taxable year.
SB40-CSA1,897,65
71.07
(3w) (b) 3.
Multiply Subtract $30,000 from the amount determined under
6subd. 2.
, but not an amount less than zero, by $30,000.
SB40-CSA1,897,98
71.07
(3w) (b) 4.
Subtract Multiply the amount determined under subd. 3.
from 9by the amount determined under subd. 1.
SB40-CSA1, s. 1974
10Section
1974. 71.07 (3w) (bm) (intro.) and 4. of the statutes are consolidated,
11renumbered 71.07 (3w) (bm) and amended to read:
SB40-CSA1,897,2112
71.07
(3w) (bm)
Filing supplemental claims. In addition to the credit under
13par. (b) and subject to the limitations provided in this subsection and s. 560.799, a
14claimant may claim as a credit against the tax imposed under s. 71.02 or 71.08 an
15amount equal to
all of the following: 4. The the amount the claimant paid in the
16taxable year to upgrade or improve the
job-related skills of any of the claimant's
17full-time employees, to train any of the claimant's full-time employees on the use
18of
job-related new technologies, or to
train provide job-related training to any
19full-time employee whose employment with the claimant represents the employee's
20first full-time job. This subdivision does not apply to employees who do not work in
21 a an enterprise zone.
SB40-CSA1,898,224
71.07
(3w) (d)
Administration. Section 71.28 (4) (g) and (h), as it applies to the
25credit under s. 71.28 (4), applies to the credit under this subsection.
Claimants shall
1include with their returns a copy of their certification for tax benefits, and a copy of
2the verification of their expenses, from the department of commerce.
SB40-CSA1,898,94
71.07
(5) (a) 15. The amount claimed as a deduction for medical care insurance
5under section
213 of the Internal Revenue Code that is exempt from taxation under
6s. 71.05 (6) (b) 17. to 20., 35., 36., 37.,
and 38.
, 39., 40., 41., and 42. and the amount
7claimed as a deduction for a long-term care insurance policy under section
213 (d)
8(1) (D) of the Internal Revenue Code, as defined in section
7702B (b) of the Internal
9Revenue Code that is exempt from taxation under s. 71.05 (6) (b) 26.
SB40-CSA1,898,1311
71.07
(5b) (c) 1.
The Except as provided in s. 73.03 (63), the maximum amount
12of the credits that may be claimed under this subsection and ss. 71.28 (5b) and 71.47
13(5b) for all taxable years combined is
$35,000,000
$52,500,000.
SB40-CSA1, s. 1978
14Section
1978. 71.07 (5b) (d) of the statutes is renumbered 71.07 (5b) (d) 1.
SB40-CSA1,898,2116
71.07
(5b) (d) 2. The Wisconsin adjusted basis of any investment for which a
17credit is claimed under par. (b) shall be reduced by the amount of the credit that is
18offset against Wisconsin income taxes. The Wisconsin basis of a partner's interest
19in a partnership, a member's interest in a limited liability company, or stock in a
20tax-option corporation shall be adjusted to reflect adjustments made under this
21subdivision.
SB40-CSA1,898,2523
71.07
(5d) (c) 1.
The Except as provided in s. 73.03 (63), the maximum amount
24of the credits that may be claimed under this subsection for all taxable years
25combined is
$30,000,000 $47,500,000.
SB40-CSA1,899,42
71.07
(5d) (c) 2. The maximum amount of a claimant's investment that may be
3used as the basis for a credit under this subsection is
$500,000 $2,000,000 for each
4investment made directly in a business certified under s. 560.205 (1).
SB40-CSA1,899,86
71.07
(5d) (d) 4. The Wisconsin adjusted basis of any investment for which a
7credit is claimed under par. (b) shall be reduced by the amount of the credit that is
8offset against Wisconsin income taxes.
SB40-CSA1,899,1710
71.07
(5h) (a) 4. "Previously owned property" means real property that the
11claimant or a related person owned during the 2 years prior to doing business in this
12state as a film production company and for which the claimant may not deduct a loss
13from the sale of the property to, or an exchange of the property with, the related
14person under section
267 of the Internal Revenue Code
, except that section 267 of the
15Internal Revenue Code is modified so that if the claimant owns any part of the
16property, rather than 50 percent ownership, the claimant is subject to section 267 of
17the Internal Revenue Code for purposes of this subsection.
SB40-CSA1,899,2319
71.07
(5h) (c) 2. A claimant may claim the credit under par. (b) 2. for an amount
20expended to construct, rehabilitate, remodel, or repair real property, if the claimant
21began the physical work of construction, rehabilitation, remodeling, or repair, or any
22demolition or destruction in preparation for the physical work, after December 31,
232007,
or if and the completed project is placed in service after December 31, 2007.
SB40-CSA1,900,4
171.07
(5h) (c) 3. A claimant may claim the credit under par. (b) 2. for an amount
2expended to acquire real property, if the property is not previously owned property
3and if the claimant acquires the property after December 31, 2007,
or if and the
4completed project is placed in service after December 31, 2007.
SB40-CSA1,900,76
71.07
(5i) Electronic medical records credit. (a)
Definitions. In this
7subsection, "claimant" means a person who files a claim under this subsection.
SB40-CSA1,900,148
(b)
Filing claims. Subject to the limitations provided in this subsection, for
9taxable years beginning after December 31, 2009, a claimant may claim as a credit
10against the taxes imposed under s. 71.02, up to the amount of those taxes, an amount
11equal to 50 percent of the amount the claimant paid in the taxable year for
12information technology hardware or software that is used to maintain medical
13records in electronic form, if the claimant is a health care provider, as defined in s.
14146.81 (1).
SB40-CSA1,900,1715
(c)
Limitations. 1. The maximum amount of the credits that may be claimed
16under this subsection and ss. 71.28 (5i) and 71.47 (5i) in a taxable year is
17$10,000,000, as allocated under s. 560.204.
SB40-CSA1,900,2518
2. Partnerships, limited liability companies, and tax-option corporations may
19not claim the credit under this subsection, but the eligibility for, and the amount of,
20the credit are based on their payment of amounts under par. (b). A partnership,
21limited liability company, or tax-option corporation shall compute the amount of
22credit that each of its partners, members, or shareholders may claim and shall
23provide that information to each of them. Partners, members of limited liability
24companies, and shareholders of tax-option corporations may claim the credit in
25proportion to their ownership interests.
SB40-CSA1,901,2
1(d)
Administration. Section 71.28 (4) (e) to (h), as it applies to the credit under
2s. 71.28 (4), applies to the credit under this subsection.
SB40-CSA1,901,54
71.07
(5j) Ethanol and biodiesel fuel pump credit. (a)
Definitions. In this
5subsection:
SB40-CSA1,901,66
1. "Biodiesel fuel" has the meaning given in s. 168.14 (2m) (a).
SB40-CSA1,901,77
2. "Claimant" means a person who files a claim under this subsection.
SB40-CSA1,901,88
3. "Motor vehicle fuel" has the meaning given in s. 78.005 (13).
SB40-CSA1,901,159
(b)
Filing claims. Subject to the limitations provided in this subsection, for
10taxable years beginning after December 31, 2007, and before January 1, 2018, a
11claimant may claim as a credit against the taxes imposed under s. 71.02, up to the
12amount of the taxes, an amount that is equal to 25 percent of the amount that the
13claimant paid in the taxable year to install or retrofit pumps located in this state that
14dispense motor vehicle fuel consisting of at least 85 percent ethanol or at least 20
15percent biodiesel fuel.
SB40-CSA1,901,1916
(c)
Limitations. 1. The maximum amount of the credit that a claimant may
17claim under this subsection in a taxable year is an amount that is equal to $5,000 for
18each service station for which the claimant has installed or retrofitted pumps as
19described under par. (b).
SB40-CSA1,902,220
2. 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 their payment of amounts under par. (b). A partnership,
23limited liability company, or tax-option corporation shall compute the amount of
24credit that each of its partners, members, or shareholders may claim and shall
25provide that information to each of them. Partners, members of limited liability
1companies, and shareholders of tax-option corporations may claim the credit in
2proportion to their ownership interests.
SB40-CSA1,902,43
(d)
Administration. Section 71.28 (4) (e) to (h), as it applies to the credit under
4s. 71.28 (4), applies to the credit under this subsection.
SB40-CSA1,902,76
71.07
(5k) Community rehabilitation program credit. (a)
Definitions. In this
7subsection:
SB40-CSA1,902,88
1. "Claimant" means a person who files a claim under this subsection.
SB40-CSA1,902,139
2. "Community rehabilitation program" means a nonprofit entity, county,
10municipality, or state or federal agency that directly provides, or facilitates the
11provision of, vocational rehabilitation services to individuals who have disabilities
12to maximize the employment opportunities, including career advancement, of such
13individuals.
SB40-CSA1,902,1514
3. "Vocational rehabilitation services" include education, training,
15employment, counseling, therapy, placement, and case management.