AB886,3,119 1. If the claimant owns at least one qualified truck, but no more than 10
10qualified trucks, in the 12 months immediately preceding the purchase of the
11qualified engine for which a credit is claimed, $1,500.
AB886,3,1412 2. If the claimant owns no less than 11 qualified trucks, but no more than 100
13qualified trucks, in the 12 months immediately preceding the purchase of the
14qualified engine for which a credit is claimed, $1,300.
AB886,3,1715 3. If the claimant owns more than 100 qualified trucks in the 12 months
16immediately preceding the purchase of the qualified engine for which a credit is
17claimed, $1,200.
AB886,3,1918 (c) Limitations. 1. The amount of the credit claimed by any one claimant may
19not exceed $125,000 in the taxable year for which the credit is claimed.
AB886,3,2220 2. The maximum amount of all credits that may be claimed under par. (b) 1. and
212. and ss. 71.28 (3x) (b) 1. and 2. and 71.47 (3x) (b) 1. and 2. is $500,000 in fiscal year
222008-09.
AB886,3,2423 3. The maximum amount of all credits that may be claimed under par. (b) 3. and
24ss. 71.28 (3x) (b) 3. and 71.47 (3x) (b) 3. is $500,000 in fiscal year 2008-09.
AB886,4,5
14. No person may claim a credit under this subsection unless the person first
2applies for the credit with the department, in the manner prescribed by the
3department. The department shall allocate the credits to all eligible applicants in
4the order in which the applications are received and may adjust the amount of any
5credit if the total amount allocated would exceed any limit under subds. 1. to 3.
AB886,4,86 5. No credit may be allowed under this subsection unless the claimant includes
7with the claimant's return a copy of the verification from the department that the
8claimant may claim a credit under this subsection.
AB886,4,169 6. Partnerships, limited liability companies, and tax-option corporations may
10not claim the credit under this subsection, but the eligibility for, and the amount of,
11the credit are based on their payment of amounts under par. (b). A partnership,
12limited liability company, or tax-option corporation shall compute the amount of
13credit that each of its partners, members, or shareholders may claim and shall
14provide that information to each of them. Partners, members of limited liability
15companies, and shareholders of tax-option corporations may claim the credit in
16proportion to their ownership interests.
AB886,4,1817 (d) Administration. Section 71.28 (4) (e) to (h), as it applies to the credit under
18s. 71.28 (4), applies to the credit under this subsection.
AB886, s. 3 19Section 3. 71.10 (4) (cs) of the statutes is created to read:
AB886,4,2020 71.10 (4) (cs) Truck engine credit under s. 71.07 (3x).
AB886, s. 4 21Section 4. 71.21 (4) of the statutes, as affected by 2007 Wisconsin Act 20, is
22amended to read:
AB886,5,223 71.21 (4) Credits computed by a partnership under s. 71.07 (2dd), (2de), (2di),
24(2dj), (2dL), (2dm), (2ds), (2dx), (3g), (3h), (3n), (3p), (3s), (3t), (3w), (3x), (5e), (5f), (5g),

1(5h), (5i), (5j), and (5k) and passed through to partners shall be added to the
2partnership's income.
AB886, s. 5 3Section 5. 71.26 (2) (a) of the statutes, as affected by 2007 Wisconsin Act 20,
4is amended to read:
AB886,5,225 71.26 (2) (a) Corporations in general. The "net income" of a corporation means
6the gross income as computed under the Internal Revenue Code as modified under
7sub. (3) minus the amount of recapture under s. 71.28 (1di) plus the amount of credit
8computed under s. 71.28 (1), (3), (4), and (5) minus, as provided under s. 71.28 (3) (c)
97., the amount of the credit under s. 71.28 (3) that the taxpayer added to income
10under this paragraph at the time that the taxpayer first claimed the credit plus the
11amount of the credit computed under s. 71.28 (1dd), (1de), (1di), (1dj), (1dL), (1dm),
12(1ds), (1dx), (3g), (3h), (3n), (3p), (3t), (3w), (3x), (5e), (5f), (5g), (5h), (5i), (5j), and (5k)
13and not passed through by a partnership, limited liability company, or tax-option
14corporation that has added that amount to the partnership's, limited liability
15company's, or tax-option corporation's income under s. 71.21 (4) or 71.34 (1) (g) plus
16the amount of losses from the sale or other disposition of assets the gain from which
17would be wholly exempt income, as defined in sub. (3) (L), if the assets were sold or
18otherwise disposed of at a gain and minus deductions, as computed under the
19Internal Revenue Code as modified under sub. (3), plus or minus, as appropriate, an
20amount equal to the difference between the federal basis and Wisconsin basis of any
21asset sold, exchanged, abandoned, or otherwise disposed of in a taxable transaction
22during the taxable year, except as provided in par. (b) and s. 71.45 (2) and (5).
AB886, s. 6 23Section 6. 71.28 (3x) of the statutes is created to read:
AB886,5,2424 71.28 (3x) Truck engine credit. (a) Definitions. In this subsection:
AB886,5,2525 1. "Claimant" means a person who files a claim under this subsection.
AB886,6,6
12. "Qualified diesel engine" means a diesel engine that is purchased in this
2state and certified by the federal environmental protection agency as emitting
3nitrogen oxides at a rate that does not exceed 1.1 grams per brake horsepower-hour
4for diesel engines purchased after December 31, 2007, and before January 1, 2010,
5and 0.2 grams per brake horsepower-hour for diesel engines purchased after
6December 31, 2010, and before January 1, 2013.
AB886,6,97 3. "Qualified truck" means a commercial motor vehicle, as defined in s. 340.01
8(8) (a) or (b), that is used exclusively in the claimant's business, if that business has
9its headquarters in this state.
AB886,6,1110 4. "Used exclusively" means used to the exclusion of all other uses except for
11use not exceeding 5 percent of total use.
AB886,6,1712 (b) Filing claims. Subject to the limitations provided in this subsection, for
13taxable years beginning after December 31, 2007, and before January 1, 2013, a
14claimant may claim as a credit against the tax imposed under s. 71.23, up to the
15amount of those taxes, the following amounts for each qualified diesel engine
16purchased by the claimant in the taxable year for use in a qualified truck owned by
17the claimant:
AB886,6,2018 1. If the claimant owns at least one qualified truck, but no more than 10
19qualified trucks, in the 12 months immediately preceding the purchase of the
20qualified engine for which a credit is claimed, $1,500.
AB886,6,2321 2. If the claimant owns no less than 11 qualified trucks, but no more than 100
22qualified trucks, in the 12 months immediately preceding the purchase of the
23qualified engine for which a credit is claimed, $1,300.
AB886,7,3
13. If the claimant owns more than 100 qualified trucks in the 12 months
2immediately preceding the purchase of the qualified engine for which a credit is
3claimed, $1,200.
AB886,7,54 (c) Limitations. 1. The amount of the credit claimed by any one claimant may
5not exceed $125,000 in the taxable year for which the credit is claimed.
AB886,7,86 2. The maximum amount of all credits that may be claimed under par. (b) 1. and
72. and ss. 71.07 (3x) (b) 1. and 2. and 71.47 (3x) (b) 1. and 2. is $500,000 in fiscal year
82008-09.
AB886,7,109 3. The maximum amount of all credits that may be claimed under par. (b) 3. and
10ss. 71.07 (3x) (b) 3. and 71.47 (3x) (b) 3. is $500,000 in fiscal year 2008-09.
AB886,7,1511 4. No person may claim a credit under this subsection unless the person first
12applies for the credit with the department, in the manner prescribed by the
13department. The department shall allocate the credits to all eligible applicants in
14the order in which the applications are received and may adjust the amount of any
15credit if the total amount allocated would exceed any limit under subds. 1. to 3.
AB886,7,1816 5. No credit may be allowed under this subsection unless the claimant includes
17with the claimant's return a copy of the verification from the department that the
18claimant may claim a credit under this subsection.
AB886,8,219 6. Partnerships, limited liability companies, and tax-option corporations may
20not claim the credit under this subsection, but the eligibility for, and the amount of,
21the credit are based on their payment of amounts under par. (b). A partnership,
22limited liability company, or tax-option corporation shall compute the amount of
23credit that each of its partners, members, or shareholders may claim and shall
24provide 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.
AB886,8,43 (d) Administration. Subsection (4) (e) to (h), as it applies to the credit under
4sub. (4), applies to the credit under this subsection.
AB886, s. 7 5Section 7. 71.30 (3) (cs) of the statutes is created to read:
AB886,8,66 71.30 (3) (cs) Truck engine credit under s. 71.28 (3x).
AB886, s. 8 7Section 8. 71.34 (1) (g) of the statutes, as affected by 2007 Wisconsin Act 20,
8is amended to read:
AB886,8,129 71.34 (1) (g) An addition shall be made for credits computed by a tax-option
10corporation under s. 71.28 (1dd), (1de), (1di), (1dj), (1dL), (1dm), (1ds), (1dx), (3), (3g),
11(3h), (3n), (3p), (3t), (3w), (3x), (5e), (5f), (5g), (5h), (5i), (5j), and (5k) and passed
12through to shareholders.
AB886, s. 9 13Section 9. 71.45 (2) (a) 10. of the statutes, as affected by 2007 Wisconsin Act
1420
, is amended to read:
AB886,8,2015 71.45 (2) (a) 10. By adding to federal taxable income the amount of credit
16computed under s. 71.47 (1dd) to (1dx), (3h), (3n), (3p), (3w), (3x), (5e), (5f), (5g), (5h),
17(5i), (5j), and (5k) and not passed through by a partnership, limited liability company,
18or tax-option corporation that has added that amount to the partnership's, limited
19liability company's, or tax-option corporation's income under s. 71.21 (4) or 71.34 (1)
20(g) and the amount of credit computed under s. 71.47 (1), (3), (3t), (4), and (5).
AB886, s. 10 21Section 10. 71.47 (3x) of the statutes is created to read:
AB886,8,2222 71.47 (3x) Truck engine credit. (a) Definitions. In this subsection:
AB886,8,2323 1. "Claimant" means a person who files a claim under this subsection.
AB886,9,424 2. "Qualified diesel engine" means a diesel engine that is purchased in this
25state and certified by the federal environmental protection agency as emitting

1nitrogen oxides at a rate that does not exceed 1.1 grams per brake horsepower-hour
2for diesel engines purchased after December 31, 2007, and before January 1, 2010,
3and 0.2 grams per brake horsepower-hour for diesel engines purchased after
4December 31, 2010, and before January 1, 2013.
AB886,9,75 3. "Qualified truck" means a commercial motor vehicle, as defined in s. 340.01
6(8) (a) or (b), that is used exclusively in the claimant's business, if that business has
7its headquarters in this state.
AB886,9,98 4. "Used exclusively" means used to the exclusion of all other uses except for
9use not exceeding 5 percent of total use.
AB886,9,1510 (b) Filing claims. Subject to the limitations provided in this subsection, for
11taxable years beginning after December 31, 2007, and before January 1, 2013, a
12claimant may claim as a credit against the tax imposed under s. 71.43, up to the
13amount of those taxes, the following amounts for each qualified diesel engine
14purchased by the claimant in the taxable year for use in a qualified truck owned by
15the claimant:
AB886,9,1816 1. If the claimant owns at least one qualified truck, but no more than 10
17qualified trucks, in the 12 months immediately preceding the purchase of the
18qualified engine for which a credit is claimed, $1,500.
AB886,9,2119 2. If the claimant owns no less than 11 qualified trucks, but no more than 100
20qualified trucks, in the 12 months immediately preceding the purchase of the
21qualified engine for which a credit is claimed, $1,300.
AB886,9,2422 3. If the claimant owns more than 100 qualified trucks in the 12 months
23immediately preceding the purchase of the qualified engine for which a credit is
24claimed, $1,200.
AB886,10,2
1(c) Limitations. 1. The amount of the credit claimed by any one claimant may
2not exceed $125,000 in the taxable year for which the credit is claimed.
AB886,10,53 2. The maximum amount of all credits that may be claimed under par. (b) 1. and
42. and ss. 71.28 (3x) (b) 1. and 2. and 71.47 (3x) (b) 1. and 2. is $500,000 in fiscal year
52008-09.
AB886,10,76 3. The maximum amount of all credits that may be claimed under par. (b) 3. and
7ss. 71.28 (3x) (b) 3. and 71.47 (3x) (b) 3. is $500,000 in fiscal year 2008-09.
AB886,10,128 4. No person may claim a credit under this subsection unless the person first
9applies for the credit with the department, in the manner prescribed by the
10department. The department shall allocate the credits to all eligible applicants in
11the order in which the applications are received and may adjust the amount of any
12credit if the total amount allocated would exceed any limit under subds. 1. to 3.
AB886,10,1513 5. No credit may be allowed under this subsection unless the claimant includes
14with the claimant's return a copy of the verification from the department that the
15claimant may claim a credit under this subsection.
AB886,10,2316 6. Partnerships, limited liability companies, and tax-option corporations may
17not claim the credit under this subsection, but the eligibility for, and the amount of,
18the credit are based on their payment of amounts under par. (b). A partnership,
19limited liability company, or tax-option corporation shall compute the amount of
20credit that each of its partners, members, or shareholders may claim and shall
21provide that information to each of them. Partners, members of limited liability
22companies, and shareholders of tax-option corporations may claim the credit in
23proportion to their ownership interests.
AB886,10,2524 (d) Administration. Section 71.28 (4) (e) to (h), as it applies to the credit under
25s. 71.28 (4), applies to the credit under this subsection.
AB886, s. 11
1Section 11. 71.49 (1) (cs) of the statutes is created to read:
AB886,11,22 71.49 (1) (cs) Truck engine credit under s. 71.47 (3x).
AB886, s. 12 3Section 12. 77.92 (4) of the statutes, as affected by 2007 Wisconsin Act 20, is
4amended to read:
AB886,11,205 77.92 (4) "Net business income," with respect to a partnership, means taxable
6income as calculated under section 703 of the Internal Revenue Code; plus the items
7of income and gain under section 702 of the Internal Revenue Code, including taxable
8state and municipal bond interest and excluding nontaxable interest income or
9dividend income from federal government obligations; minus the items of loss and
10deduction under section 702 of the Internal Revenue Code, except items that are not
11deductible under s. 71.21; plus guaranteed payments to partners under section 707
12(c) of the Internal Revenue Code; plus the credits claimed under s. 71.07 (2dd), (2de),
13(2di), (2dj), (2dL), (2dm), (2dr), (2ds), (2dx), (3g), (3h), (3s), (3n), (3p), (3t), (3w), (3x),
14(5e), (5f), (5g), (5h), (5i), (5j), and (5k); and plus or minus, as appropriate, transitional
15adjustments, depreciation differences, and basis differences under s. 71.05 (13), (15),
16(16), (17), and (19); but excluding income, gain, loss, and deductions from farming.
17"Net business income," with respect to a natural person, estate, or trust, means profit
18from a trade or business for federal income tax purposes and includes net income
19derived as an employee as defined in section 3121 (d) (3) of the Internal Revenue
20Code.
AB886, s. 13 21Section 13. 560.7995 (3) (b) of the statutes is amended to read:
AB886,12,322 560.7995 (3) (b) When the department designates an area as an airport
23development zone, the department shall establish a limit, not to exceed $3,000,000,
24for tax benefits applicable to the airport development zone. The total tax benefits
25applicable to all airport development zones may not exceed $9,000,000 $8,000,000.

1The department may, after 48 months from the month of any designation under this
2section, evaluate the area designated as an airport development zone and reallocate
3the amount of available tax benefits.
AB886,12,44 (End)
Loading...
Loading...