SB1,875,1816
71.05
(6) (b) 44. For taxable years beginning after December 31, 2006, the
17amount of any incentive payment received by an individual under s. 23.33 (5r) in the
18taxable year to which the claim relates.
SB1, s. 1961
19Section
1961. 71.07 (2dx) (a) 5. of the statutes is amended to read:
SB1,876,720
71.07
(2dx) (a) 5. "Member of a targeted group" means a person who resides
21in an area designated by the federal government as an economic revitalization area,
22a person who is employed in an unsubsidized job but meets the eligibility
23requirements under s. 49.145 (2) and (3) for a Wisconsin Works employment position,
24a person who is employed in a trial job, as defined in s. 49.141 (1) (n),
or in a real work,
25real pay project position under s. 49.147 (3m), a person who is eligible for child care
1assistance under s. 49.155, a person who is a vocational rehabilitation referral, an
2economically disadvantaged youth, an economically disadvantaged veteran, a
3supplemental security income recipient, a general assistance recipient, an
4economically disadvantaged ex-convict, a qualified summer youth employee, as
5defined in
26 USC 51 (d) (7), a dislocated worker, as defined in
29 USC 2801 (9), or
6a food stamp recipient, if the person has been certified in the manner under sub. (2dj)
7(am) 3. by a designated local agency, as defined in sub. (2dj) (am) 2.
SB1, s. 1962
8Section
1962. 71.07 (2dx) (b) 2. of the statutes is amended to read:
SB1,876,139
71.07
(2dx) (b) 2. The amount determined by multiplying the amount
10determined under s. 560.785 (1) (b) by the number of full-time jobs created in a
11development zone and filled by a member of a targeted group and by then subtracting
12the subsidies paid under s. 49.147 (3) (a)
or the subsidies and reimbursements paid
13under s. 49.147 (3m) (c) for those jobs.
SB1, s. 1963
14Section
1963. 71.07 (2dx) (b) 3. of the statutes is amended to read:
SB1,876,1915
71.07
(2dx) (b) 3. The amount determined by multiplying the amount
16determined under s. 560.785 (1) (c) by the number of full-time jobs created in a
17development zone and not filled by a member of a targeted group and by then
18subtracting the subsidies paid under s. 49.147 (3) (a)
or the subsidies and
19reimbursements paid under s. 49.147 (3m) (c) for those jobs.
SB1, s. 1964
20Section
1964. 71.07 (2dx) (b) 4. of the statutes is amended to read:
SB1,877,221
71.07
(2dx) (b) 4. The amount determined by multiplying the amount
22determined under s. 560.785 (1) (bm) by the number of full-time jobs retained, as
23provided in the rules under s. 560.785, excluding jobs for which a credit has been
24claimed under sub. (2dj), in an enterprise development zone under s. 560.797 and for
25which significant capital investment was made and by then subtracting the
1subsidies paid under s. 49.147 (3) (a)
or the subsidies and reimbursements paid
2under s. 49.147 (3m) (c) for those jobs.
SB1, s. 1965
3Section
1965. 71.07 (2dx) (b) 5. of the statutes is amended to read:
SB1,877,94
71.07
(2dx) (b) 5. The amount determined by multiplying the amount
5determined under s. 560.785 (1) (c) by the number of full-time jobs retained, as
6provided in the rules under s. 560.785, excluding jobs for which a credit has been
7claimed under sub. (2dj), in a development zone and not filled by a member of a
8targeted group and by then subtracting the subsidies paid under s. 49.147 (3) (a)
or
9the subsidies and reimbursements paid under s. 49.147 (3m) (c) for those jobs.
SB1, s. 1965h
10Section 1965h. 71.07 (3h) of the statutes is created to read:
SB1,877,1211
71.07
(3h) Biodiesel fuel production credit. (a)
Definitions. In this
12subsection:
SB1,877,1313
1. "Biodiesel fuel" has the meaning given in s. 168.14 (2m) (a).
SB1,877,1514
2. "Claimant" means a person who is engaged in the business of producing
15biodiesel fuel in this state and who files a claim under this subsection.
SB1,877,2216
(b)
Filing claims. Subject to the limitations provided in this subsection, for
17taxable years beginning after December 31, 2009, and before January 1, 2013, for a
18claimant who produces at least 2,500,000 gallons of biodiesel fuel in this state in the
19taxable year, a claimant may claim as a credit against the tax imposed under s. 71.02,
20up to the amount of the tax, an amount that is equal to the number of gallons of
21biodiesel fuel produced by the claimant in this state in the taxable year multiplied
22by 10 cents.
SB1,877,2423
(c)
Limitations. 1. The maximum amount of the credit that a claimant may
24claim under this subsection in a taxable year is $1,000,000.
SB1,878,8
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.
SB1,878,109
(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.
SB1, s. 1966
11Section
1966. 71.07 (3p) of the statutes is created to read:
SB1,878,1312
71.07
(3p) Dairy manufacturing facility investment credit. (a)
Definitions.
13In this subsection:
SB1,878,1414
1. "Claimant" means a person who files a claim under this subsection.
SB1,878,1615
2. "Dairy manufacturing" means processing milk into dairy products or
16processing dairy products for sale commercially.
SB1,878,2117
3. "Dairy manufacturing modernization or expansion" means constructing,
18improving, or acquiring buildings or facilities, or acquiring equipment, for dairy
19manufacturing, including the following, if used exclusively for dairy manufacturing
20and if acquired and placed in service in this state during taxable years that begin
21after December 31, 2006, and before January 1, 2015:
SB1,878,2222
a. Building construction, including storage and warehouse facilities.
SB1,878,2323
b. Building additions.
SB1,878,2424
c. Upgrades to utilities, including water, electric, heat, and waste facilities.
SB1,878,2525
d. Milk intake and storage equipment.
SB1,879,3
1e. Processing and manufacturing equipment, including pipes, motors, pumps,
2valves, pasteurizers, homogenizers, vats, evaporators, dryers, concentrators, and
3churns.
SB1,879,54
f. Packaging and handling equipment, including sealing, bagging, boxing,
5labeling, conveying, and product movement equipment.
SB1,879,66
g. Warehouse equipment, including storage racks.
SB1,879,97
h. Waste treatment and waste management equipment, including tanks,
8blowers, separators, dryers, digesters, and equipment that uses waste to produce
9energy, fuel, or industrial products.
SB1,879,1210
i. Computer software and hardware used for managing the claimant's dairy
11manufacturing operation, including software and hardware related to logistics,
12inventory management, and production plant controls.
SB1,879,1413
4. "Used exclusively" means used to the exclusion of all other uses except for
14use not exceeding 5 percent of total use.
SB1,879,2015
(b)
Filing claims. Subject to the limitations provided in this subsection and s.
16560.207, for taxable years beginning after December 31, 2006, and before January
171, 2015, a claimant may claim as a credit against the taxes imposed under s. 71.02
18or 71.08, up to the amount of the tax, an amount equal to 10 percent of the amount
19the claimant paid in the taxable year for dairy manufacturing modernization or
20expansion related to the claimant's dairy manufacturing operation.
SB1,879,2321
(c)
Limitations. 1. No credit may be allowed under this subsection for any
22amount that the claimant paid for expenses described under par. (b) that the
23claimant also claimed as a deduction under section
162 of the Internal Revenue Code.
SB1,879,2524
2. The aggregate amount of credits that a claimant may claim under this
25subsection is $200,000.
SB1,880,3
12m. a. 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 2007-08 is $600,000, as
3allocated under s. 560.207.
SB1,880,64
b. The maximum amount of the credits that may be claimed under this
5subsection and ss. 71.28 (3p) and 71.47 (3p) in fiscal year 2008-09, and in each fiscal
6year thereafter, is $700,000, as allocated under s. 560.207.
SB1,880,157
3. Partnerships, limited liability companies, and tax-option corporations may
8not claim the credit under this subsection, but the eligibility for, and the amount of,
9the credit are based on their payment of expenses under par. (b), except that the
10aggregate amount of credits that the entity may compute shall not exceed $200,000.
11A partnership, limited liability company, or tax-option corporation shall compute
12the amount of credit that each of its partners, members, or shareholders may claim
13and shall provide that information to each of them. Partners, members of limited
14liability companies, and shareholders of tax-option corporations may claim the
15credit in proportion to their ownership interest.
SB1,880,1916
4. If 2 or more persons own and operate the dairy manufacturing operation,
17each person may claim a credit under par. (b) in proportion to his or her ownership
18interest, except that the aggregate amount of the credits claimed by all persons who
19own and operate the dairy manufacturing operation shall not exceed $200,000.
SB1,880,2120
(d)
Administration. 1. Section 71.28 (4) (e), (g), and (h), as it applies to the credit
21under s. 71.28 (4), applies to the credit under this subsection.
SB1,881,222
2. If the allowable amount of the claim under par. (b) exceeds the tax otherwise
23due under s. 71.02 or 71.08 or no tax is due under s. 71.02 or 71.08, the amount of the
24claim not used to offset the tax due shall be certified by the department of revenue
1to the department of administration for payment by check, share draft, or other draft
2drawn from the appropriation account under s. 20.835 (2) (bn).
SB1, s. 1967
3Section
1967. 71.07 (3w) (a) 5m. of the statutes is created to read:
SB1,881,54
71.07
(3w) (a) 5m. "Wages" means wages under section
3306 (b) of the Internal
5Revenue Code, determined without regard to any dollar limitations.
SB1, s. 1968
6Section
1968. 71.07 (3w) (a) 6. of the statutes is amended to read:
SB1,881,117
71.07
(3w) (a) 6. "Zone payroll" means the amount of state payroll that is
8attributable to
compensation wages paid to
individuals full-time employees for
9services that are performed in
a an enterprise zone. "Zone payroll" does not include
10the amount of
compensation wages paid to any
individuals full-time employees that
11exceeds $100,000.
SB1, s. 1969
12Section
1969. 71.07 (3w) (b) 1. a. of the statutes is amended to read:
SB1,881,1813
71.07
(3w) (b) 1. a. The
claimant's zone payroll in the taxable year, minus the
14claimant's zone payroll number of full-time employees whose annual wages are
15greater than $30,000 and who the claimant employed in the enterprise zone in the
16taxable year, minus the number of full-time employees whose annual wages were
17greater than $30,000 and who the claimant employed in the area that comprises the
18enterprise zone in the base year.
SB1, s. 1970
19Section
1970. 71.07 (3w) (b) 1. b. of the statutes is amended to read:
SB1,881,2420
71.07
(3w) (b) 1. b. The
claimant's state payroll in the taxable year, minus the
21claimant's state payroll number of full-time employees whose annual wages are
22greater than $30,000 and who the claimant employed in the state in the taxable year,
23minus the number of full-time employees whose annual wages were greater than
24$30,000 and who the claimant employed in the state in the base year.
SB1, s. 1971
25Section
1971. 71.07 (3w) (b) 2. of the statutes is amended to read:
SB1,882,6
171.07
(3w) (b) 2.
Subtract the number of Determine the claimant's average
2zone payroll by dividing total wages for full-time employees
that whose annual
3wages are greater than $30,000 and who the claimant employed in
the area that
4comprises the enterprise zone in the
base taxable year
from by the number of
5full-time employees
that whose annual wages are greater than $30,000 and who the
6claimant employed in the enterprise zone in the taxable year.
SB1, s. 1972
7Section
1972. 71.07 (3w) (b) 3. of the statutes is amended to read:
SB1,882,98
71.07
(3w) (b) 3.
Multiply Subtract $30,000 from the amount determined under
9subd. 2.
, but not an amount less than zero, by $30,000.
SB1, s. 1973
10Section
1973. 71.07 (3w) (b) 4. of the statutes is amended to read:
SB1,882,1211
71.07
(3w) (b) 4.
Subtract Multiply the amount determined under subd. 3.
from 12by the amount determined under subd. 1.
SB1, s. 1974
13Section
1974. 71.07 (3w) (bm) (intro.) and 4. of the statutes are consolidated,
14renumbered 71.07 (3w) (bm) and amended to read:
SB1,882,2415
71.07
(3w) (bm)
Filing supplemental claims. In addition to the credit under
16par. (b) and subject to the limitations provided in this subsection and s. 560.799, a
17claimant may claim as a credit against the tax imposed under s. 71.02 or 71.08 an
18amount equal to
all of the following: 4. The the amount the claimant paid in the
19taxable year to upgrade or improve the
job-related skills of any of the claimant's
20full-time employees, to train any of the claimant's full-time employees on the use
21of
job-related new technologies, or to
train provide job-related training to any
22full-time employee whose employment with the claimant represents the employee's
23first full-time job. This subdivision does not apply to employees who do not work in
24 a an enterprise zone.
SB1, s. 1975
25Section
1975. 71.07 (3w) (bm) 3. of the statutes is repealed.
SB1, s. 1976
1Section
1976. 71.07 (3w) (d) of the statutes is amended to read:
SB1,883,52
71.07
(3w) (d)
Administration. Section 71.28 (4) (g) and (h), as it applies to the
3credit under s. 71.28 (4), applies to the credit under this subsection.
Claimants shall
4include with their returns a copy of their certification for tax benefits, and a copy of
5the verification of their expenses, from the department of commerce.
SB1, s. 1976s
6Section 1976s. 71.07 (5) (a) 15. of the statutes is amended to read:
SB1,883,127
71.07
(5) (a) 15. The amount claimed as a deduction for medical care insurance
8under section
213 of the Internal Revenue Code that is exempt from taxation under
9s. 71.05 (6) (b) 17. to 20., 35., 36., 37.,
and 38.
, 39., 40., 41., and 42. and the amount
10claimed as a deduction for a long-term care insurance policy under section
213 (d)
11(1) (D) of the Internal Revenue Code, as defined in section
7702B (b) of the Internal
12Revenue Code that is exempt from taxation under s. 71.05 (6) (b) 26.
SB1, s. 1977
13Section
1977. 71.07 (5b) (c) 1. of the statutes is amended to read:
SB1,883,1614
71.07
(5b) (c) 1.
The Except as provided in s. 73.03 (63), the maximum amount
15of the credits that may be claimed under this subsection and ss. 71.28 (5b) and 71.47
16(5b) for all taxable years combined is
$35,000,000
$52,500,000.
SB1, s. 1978
17Section
1978. 71.07 (5b) (d) of the statutes is renumbered 71.07 (5b) (d) 1.
SB1, s. 1979
18Section
1979. 71.07 (5b) (d) 2. of the statutes is created to read:
SB1,883,2419
71.07
(5b) (d) 2. The Wisconsin adjusted basis of any investment for which a
20credit is claimed under par. (b) shall be reduced by the amount of the credit that is
21offset against Wisconsin income taxes. The Wisconsin basis of a partner's interest
22in a partnership, a member's interest in a limited liability company, or stock in a
23tax-option corporation shall be adjusted to reflect adjustments made under this
24subdivision.
SB1, s. 1980
25Section
1980. 71.07 (5d) (c) 1. of the statutes is amended to read:
SB1,884,3
171.07
(5d) (c) 1.
The Except as provided in s. 73.03 (63), the maximum amount
2of the credits that may be claimed under this subsection for all taxable years
3combined is
$30,000,000 $47,500,000.
SB1, s. 1981
4Section
1981. 71.07 (5d) (c) 2. of the statutes is amended to read:
SB1,884,75
71.07
(5d) (c) 2. The maximum amount of a claimant's investment that may be
6used as the basis for a credit under this subsection is
$500,000 $2,000,000 for each
7investment made directly in a business certified under s. 560.205 (1).
SB1, s. 1982
8Section
1982. 71.07 (5d) (d) 4. of the statutes is created to read:
SB1,884,119
71.07
(5d) (d) 4. The Wisconsin adjusted basis of any investment for which a
10credit is claimed under par. (b) shall be reduced by the amount of the credit that is
11offset against Wisconsin income taxes.
SB1, s. 1983
12Section
1983. 71.07 (5e) (b) of the statutes is amended to read:
SB1,884,2013
71.07
(5e) (b)
Filing claims. Subject to the limitations provided in this
14subsection and subject to
2005 Wisconsin Act 479, section
17, beginning in the first
15taxable year following the taxable year in which the claimant claims
an exemption 16a deduction under s.
77.54 (48)
77.585 (9), a claimant may claim as a credit against
17the taxes imposed under ss. 71.02 and 71.08, up to the amount of those taxes, in each
18taxable year for 2 years, the amount certified by the department of commerce that
19resulted from the claimant
claimed as an exemption claiming a deduction under s.
2077.54 (48) 77.585 (9).
SB1, s. 1984
21Section
1984. 71.07 (5e) (c) 1. of the statutes is amended to read:
SB1,884,2322
71.07
(5e) (c) 1. No credit may be allowed under this subsection unless the
23claimant satisfies the requirements under s.
77.54 (48) 77.585 (9).
SB1, s. 1985
24Section
1985. 71.07 (5e) (c) 3. of the statutes is amended to read:
SB1,885,4
171.07
(5e) (c) 3. The total amount of the credits and
exemptions the sales and
2use tax resulting from the deductions claimed under s. 77.585 (9) that may be claimed
3by all claimants under this subsection and ss. 71.28 (5e), 71.47 (5e), and
77.54 (48) 477.585 (9) is $7,500,000, as determined by the department of commerce.
SB1, s. 1986
5Section
1986. 71.07 (5h) (a) 4. of the statutes is amended to read:
SB1,885,136
71.07
(5h) (a) 4. "Previously owned property" means real property that the
7claimant or a related person owned during the 2 years prior to doing business in this
8state as a film production company and for which the claimant may not deduct a loss
9from the sale of the property to, or an exchange of the property with, the related
10person under section
267 of the Internal Revenue Code
, except that section 267 of the
11Internal Revenue Code is modified so that if the claimant owns any part of the
12property, rather than 50 percent ownership, the claimant is subject to section 267 of
13the Internal Revenue Code for purposes of this subsection.
SB1, s. 1987
14Section
1987. 71.07 (5h) (c) 2. of the statutes is amended to read:
SB1,885,1915
71.07
(5h) (c) 2. A claimant may claim the credit under par. (b) 2. for an amount
16expended to construct, rehabilitate, remodel, or repair real property, if the claimant
17began the physical work of construction, rehabilitation, remodeling, or repair, or any
18demolition or destruction in preparation for the physical work, after December 31,
192007,
or if and the completed project is placed in service after December 31, 2007.
SB1, s. 1988
20Section
1988. 71.07 (5h) (c) 3. of the statutes is amended to read:
SB1,885,2421
71.07
(5h) (c) 3. A claimant may claim the credit under par. (b) 2. for an amount
22expended to acquire real property, if the property is not previously owned property
23and if the claimant acquires the property after December 31, 2007,
or if and the
24completed project is placed in service after December 31, 2007.
SB1, s. 1989
25Section
1989. 71.07 (5i) of the statutes is created to read:
SB1,886,2
171.07
(5i) Electronic medical records credit. (a)
Definitions. In this
2subsection, "claimant" means a person who files a claim under this subsection.