AB75-SSA1-CA1,95,2221
(c) Leasing a part of the property described in this subsection does not render
22it taxable if the lessor uses the leasehold income only for the following:
AB75-SSA1-CA1,95,2323
1. Maintenance of the leased property.
AB75-SSA1-CA1,95,2424
2. Construction debt retirement of the leased property.
AB75-SSA1-CA1,96,2
13. The purposes for which the exemption under section
501 (c) (3) of the Internal
2Revenue Code is granted to the nonprofit organization that owns the facility.".
AB75-SSA1-CA1,97,149
71.05
(6) (b) 32. (intro.) An amount paid into a college savings account, as
10described in s. 14.64, if the beneficiary of the account is one of the following: the
11claimant; the claimant's child
and the claimant's dependent who is claimed under
12section 151 (c) of the Internal Revenue Code; the claimant's grandchild; the
13claimant's great-grandchild; or the claimant's niece or nephew; calculated as
14follows:
AB75-SSA1-CA1,98,416
71.05
(6) (b) 32. a. An amount equal to not more than $3,000 per beneficiary
, 17by each contributor
, or $1,500 by each contributor who is married and files
18separately, to an account for each year to which the claim relates, except that the total
19amount for which a deduction may be claimed under this subdivision and under
20subd. 33., per beneficiary by any claimant may not exceed $3,000 each year
, or $1,500
21each year by any claimant who is married and files separately. In the case of a
22married couple
filing a joint return, the total deduction under this subdivision and
23under subd. 33., per beneficiary by the married couple may not exceed $3,000 each
24year.
In the case of divorced parents, the total deduction under this subdivision and
1under subd. 33., per beneficiary by the formerly married couple, may not exceed
2$3,000, and the maximum amount that may be deducted by each former spouse is
3$1,500, unless the divorce judgment specifies a different division of the $3,000
4maximum that may be claimed by each former spouse.
AB75-SSA1-CA1,98,116
71.05
(6) (b) 33. (intro.) An amount paid into a college tuition and expenses
7program, as described in s. 14.63, if the beneficiary of the account is one of the
8following: the claimant; the claimant's child
and the claimant's dependent who is
9claimed under section 151 (c) of the Internal Revenue Code; the claimant's
10grandchild; the claimant's great-grandchild; or the claimant's niece or nephew;
11calculated as follows:
AB75-SSA1-CA1,98,2513
71.05
(6) (b) 33. a. An amount equal to not more than $3,000 per beneficiary
, 14by each contributor
, or $1,500 by each contributor who is married and files
15separately, to an account for each year to which the claim relates, except that the total
16amount for which a deduction may be claimed under this subdivision and under
17subd. 32., per beneficiary by any claimant may not exceed $3,000 each year
, or $1,500
18each year by any claimant who is married and files separately. In the case of a
19married couple
filing a joint return, the total deduction under this subdivision and
20under subd. 32., per beneficiary by the married couple may not exceed $3,000 each
21year.
In the case of divorced parents, the total deduction under this subdivision and
22under subd. 32., per beneficiary by the formerly married couple, may not exceed
23$3,000, and the maximum amount that may be deducted by each former spouse is
24$1,500, unless the divorce judgment specifies a different division of the $3,000
25maximum that may be claimed by each former spouse.".
AB75-SSA1-CA1,99,2
2"
Section 1543b. 71.05 (6) (b) 9m. of the statutes is created to read:
AB75-SSA1-CA1,99,133
71.05
(6) (b) 9m. On farm assets held more than one year and on all farm assets
4acquired from a decedent, to the extent that they are not subtracted under subd. 9.
5or 10., 60 percent of the capital gain as computed under the Internal Revenue Code,
6not including capital gains for which the federal tax treatment is determined under
7section 406 of P.L. 99-514; not including amounts treated as ordinary income for
8federal income tax purposes because of the recapture of depreciation or any other
9reason; and not including amounts treated as capital gain for federal income tax
10purposes from the sale or exchange of a lottery prize. In this subdivision, "farm
11assets" means livestock, farm equipment, farm real property, and farm depreciable
12property. For purposes of this subdivision, the capital gains and capital losses for all
13assets shall be netted before application of the percentage.".
AB75-SSA1-CA1,99,2216
71.07
(3h) (b)
Filing claims. Subject to the limitations provided in this
17subsection, for taxable years beginning after December 31,
2009 2011, and before
18January 1,
2013 2015, for a claimant who produces at least 2,500,000 gallons of
19biodiesel fuel in this state in the taxable year, a claimant may claim as a credit
20against the tax imposed under s. 71.02, up to the amount of the tax, an amount that
21is equal to the number of gallons of biodiesel fuel produced by the claimant in this
22state in the taxable year multiplied by 10 cents.".
AB75-SSA1-CA1,100,4
2"3. The maximum amount of credits that may be awarded under this subsection
3and ss. 71.28 (3q) and 71.47 (3q) for the period beginning on January 1, 2010, and
4ending on June 30, 2013, is $14,500,000.".
AB75-SSA1-CA1,100,9
6446. Page 783, line 2: after "(bb)" insert ", except that the amounts certified
7under this subdivision for taxable years beginning after December 31, 2009, and
8before January 1, 2012, shall be paid in taxable years beginning after December 31,
92011".
AB75-SSA1-CA1,100,2213
71.07
(3w) (bm) 1. In addition to the credits under par. (b) and
subd. subds. 2.
14and 3., and subject to the limitations provided in this subsection and s. 560.799, a
15claimant may claim as a credit against the tax imposed under s. 71.02 or 71.08 an
16amount equal to a percentage, as determined by the department of commerce, not
17to exceed 100 percent, of the amount the claimant paid in the taxable year to upgrade
18or improve the job-related skills of any of the claimant's full-time employees, to train
19any of the claimant's full-time employees on the use of job-related new technologies,
20or to provide job-related training to any full-time employee whose employment with
21the claimant represents the employee's first full-time job. This subdivision does not
22apply to employees who do not work in an enterprise zone.
AB75-SSA1-CA1,101,13
171.07
(3w) (bm) 2. In addition to the credits under par. (b) and
subd. subds. 1.
2and 3., and subject to the limitations provided in this subsection and s. 560.799, a
3claimant may claim as a credit against the tax imposed under s. 71.02 or 71.08 an
4amount equal to the percentage, as determined by the department of commerce
5under s. 560.799, not to exceed 7 percent, of the claimant's zone payroll paid in the
6taxable year to all of the claimant's full-time employees whose annual wages are
7greater than $20,000 in a tier I county or municipality, not including the wages paid
8to the employees determined under par. (b) 1., or greater than $30,000 in a tier II
9county or municipality, not including the wages paid to the employees determined
10under par. (b) 1., and who the claimant employed in the enterprise zone in the taxable
11year, if the total number of such employees is equal to or greater than the total
12number of such employees in the base year. A claimant may claim a credit under this
13subdivision for no more than 5 consecutive taxable years.
AB75-SSA1-CA1,101,2015
71.07
(3w) (bm) 3. In addition to the credits under par. (b) and subds. 1. and
162., and subject to the limitations provided in this subsection and s. 560.799, for
17taxable years beginning after December 31, 2008, a claimant may claim as a credit
18against the tax imposed under s. 71.02 or 71.08 up to 10 percent of the claimant's
19significant capital expenditures, as determined by the department of commerce
20under s. 560.799 (5m).
AB75-SSA1-CA1,101,2422
71.07
(3w) (c) 3. No credit may be allowed under this subsection unless the
23claimant includes with the claimant's return a copy of the claimant's certification for
24tax benefits under s. 560.799 (5)
or (5m).".
AB75-SSA1-CA1,102,63
71.07
(9e) (g) 1. If an individual claims the credit under this subsection and
4claims the federal advance earned income tax credit, the individual may request that
5his or her employer add to his or her paycheck an advance payment amount
6calculated under subd. 2.
AB75-SSA1-CA1,102,127
2. The advance payment amount that an individual's employer shall add to the
8individual's paycheck, as described in subd. 1., shall be equal to a percentage of the
9amount that the individual's employer adds to the individual's paycheck as an
10advance earned income tax credit payment under federal law. The percentage shall
11be the same percentage as is specified in par. (af), based on the number of qualifying
12children that the individual has.
AB75-SSA1-CA1,102,1613
3. An employer may deduct from the aggregate amount that the employer
14would otherwise be required to withhold from employee wages and forward to the
15department, under ss. 71.64 and 71.65, the total amount of any advance payments
16the employer makes under subd. 2.
AB75-SSA1-CA1,102,2017
4. The department shall prepare any forms and instructions that may be
18necessary to facilitate the addition of the advance payment amount calculated under
19subd. 2. to an individual's paycheck and any changes to the withholding procedures
20as described under subd. 3.".
AB75-SSA1-CA1,103,2
171.10
(5j) Feeding America; Second Harvest food banks checkoff. (a)
2Definitions. In this subsection:
AB75-SSA1-CA1,103,33
1. "Department" means the department of revenue.
AB75-SSA1-CA1,103,54
2. "Second Harvest" means Second Harvest food banks in Wisconsin that are
5members of Feeding America.
AB75-SSA1-CA1,103,96
(b)
Voluntary payments. 1. `Designation on return.' Every individual filing an
7income tax return who has a tax liability or is entitled to a tax refund may designate
8on the return any amount of additional payment or any amount of a refund due that
9individual for Second Harvest.
AB75-SSA1-CA1,103,1210
2. `Designation added to tax owed.' If the individual owes any tax, the
11individual shall remit in full the tax due and the amount designated on the return
12for Second Harvest when the individual files a tax return.
AB75-SSA1-CA1,103,1613
3. `Designation deducted from refund.' Except as provided in par. (d), if the
14individual is owed a refund for that year after crediting under ss. 71.75 (9) and 71.80
15(3) and (3m), the department shall deduct the amount designated on the return for
16Second Harvest from the amount of the refund.
AB75-SSA1-CA1,103,1917
(c)
Errors; failure to remit correct amount. If an individual who owes taxes fails
18to remit an amount equal to or in excess of the total of the actual tax due, after error
19corrections, and the amount designated on the return for Second Harvest:
AB75-SSA1-CA1,103,2420
1. The department shall reduce the designation for Second Harvest to reflect
21the amount remitted in excess of the actual tax due, after error corrections, if the
22individual remitted an amount in excess of the actual tax due, after error corrections,
23but less than the total of the actual tax due, after error corrections, and the amount
24originally designated on the return for Second Harvest.
AB75-SSA1-CA1,104,2
12. The designation for Second Harvest is void if the individual remitted an
2amount equal to or less than the actual tax due, after error corrections.
AB75-SSA1-CA1,104,83
(d)
Errors; insufficient refund. If an individual is owed a refund that does not
4equal or exceed the amount designated on the return for Second Harvest, after
5crediting under ss. 71.75 (9) and 71.80 (3) and (3m) and after error corrections, the
6department shall reduce the designation for Second Harvest to reflect the actual
7amount of the refund that the individual is otherwise owed, after crediting under ss.
871.75 (9) and 71.80 (3) and (3m) and after error corrections.
AB75-SSA1-CA1,104,109
(e)
Conditions. If an individual places any conditions on a designation for
10Second Harvest, the designation is void.
AB75-SSA1-CA1,104,1311
(f)
Void designation. If a designation for Second Harvest is void, the
12department shall disregard the designation and determine amounts due, owed,
13refunded, and received without regard to the void designation.
AB75-SSA1-CA1,104,1514
(g)
Tax return. The secretary of revenue shall provide a place for the
15designations under this subsection on the individual income tax return.
AB75-SSA1-CA1,104,1816
(h)
Certification of amounts. Annually, on or before September 15, the
17secretary of revenue shall certify to the department of administration and the state
18treasurer all of the following:
AB75-SSA1-CA1,104,2119
1. The total amount of the administrative costs, including data processing
20costs, incurred by the department in administering this subsection during the
21previous fiscal year.
AB75-SSA1-CA1,104,2322
2. The total amount received from all designations for Second Harvest made
23by taxpayers during the previous fiscal year.
AB75-SSA1-CA1,105,3
13. The net amount remaining after the administrative costs, including data
2processing costs, under subd. 1. are subtracted from the total received under subd.
32.
AB75-SSA1-CA1,105,94
(i)
Appropriations. From the moneys received from designations for Second
5Harvest, an amount equal to the sum of administrative expenses, including data
6processing costs, certified under par. (h) 1. shall be deposited in the general fund and
7credited to the appropriation account under s. 20.566 (1) (hp), and the department
8shall annually pay the following percentages of the net amount remaining that is
9certified under par. (h) 3. from the appropriation under s. 20.855 (4) (ge):
AB75-SSA1-CA1,105,1010
1. Sixty-five percent to Second Harvest that is located in the city of Milwaukee.
AB75-SSA1-CA1,105,1111
2. Twenty percent to Second Harvest that is located in the city of Madison.
AB75-SSA1-CA1,105,1212
3. Fifteen percent to Second Harvest that is located in the city of Eau Claire.
AB75-SSA1-CA1,105,1913
(j)
Amounts subject to refund. Amounts designated for Second Harvest under
14this subsection are not subject to refund to the taxpayer unless the taxpayer submits
15information to the satisfaction of the department, within 18 months after the date
16on which the taxes are due or the date on which the return is filed, whichever is later,
17that the amount designated is clearly in error. Any refund granted by the
18department under this paragraph shall be deducted from the moneys received under
19this subsection in the fiscal year for which the refund is certified.".
AB75-SSA1-CA1,105,2322
71.10
(5i) Military family relief fund checkoff. (a)
Definitions. In this
23subsection:
AB75-SSA1-CA1,105,2424
1. "Department" means the department of revenue.
