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SB62-AA42,1,8 83. Page 53, line 2: after that line insert:
SB62-AA42,1,9 9" Section 100d. 71.07 (3rm) of the statutes is created to read:
SB62-AA42,1,1110 71.07 (3rm) Lumber manufacturing facility investment credit. (a)
11Definitions. In this subsection:
SB62-AA42,1,1212 1. "Claimant" means a person who files a claim under this subsection.
SB62-AA42,2,5
12. "Lumber manufacturing modernization or expansion" means constructing,
2improving, or acquiring buildings or facilities, or acquiring equipment for lumber
3manufacturing, if used exclusively for lumber manufacturing and if acquired and
4placed in service in this state during taxable years that begin after December 31,
52008, and before January 1, 2015.
SB62-AA42,2,76 4. "Used exclusively" means used to the exclusion of all other uses except for
7use not exceeding 5 percent of total use.
SB62-AA42,2,138 (b) Filing claims. Subject to the limitations provided in this subsection and s.
9560.209, for taxable years beginning after December 31, 2008, and before January
101, 2015, a claimant may claim as a credit against the taxes imposed under s. 71.02
11or 71.08, up to the amount of the tax, an amount equal to 10 percent of the amount
12the claimant paid in the taxable year for lumber manufacturing modernization or
13expansion.
SB62-AA42,2,1614 (c) Limitations. 1. No credit may be allowed under this subsection for any
15amount that the claimant paid for expenses described under par. (b) that the
16claimant also claimed as a deduction under section 162 of the Internal Revenue Code.
SB62-AA42,2,1817 2. The aggregate amount of credits that a claimant may claim under this
18subsection is $200,000.
SB62-AA42,2,2119 3. a. The maximum amount of the credits that may be claimed under this
20subsection and ss. 71.28 (3rm) and 71.47 (3rm) in fiscal year 2009-10 is $700,000,
21as allocated under s. 560.209.
SB62-AA42,2,2422 b. The maximum amount of the credits that may be claimed under this
23subsection and ss. 71.28 (3rm) and 71.47 (3rm) in fiscal year 2010-11, and in each
24fiscal year thereafter, is $800,000, as allocated under s. 560.209.
SB62-AA42,3,9
14. 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 payment of expenses under par. (b), except that the
4aggregate amount of credits that the entity may compute shall not exceed $200,000.
5A partnership, limited liability company, or tax-option corporation shall compute
6the amount of credit that each of its partners, members, or shareholders may claim
7and shall provide that information to each of them. Partners, members of limited
8liability companies, and shareholders of tax-option corporations may claim the
9credit in proportion to their ownership interest.
SB62-AA42,3,1310 5. If 2 or more persons own and operate the lumber manufacturing operation,
11each person may claim a credit under par. (b) in proportion to his or her ownership
12interest, except that the aggregate amount of the credits claimed by all persons who
13own and operate the operation shall not exceed $200,000.
SB62-AA42,3,1514 (d) Administration. 1. Section 71.28 (4) (e), (g), and (h), as it applies to the
15credit under s. 71.28 (4), applies to the credit under this subsection.
SB62-AA42,3,2016 2. If the allowable amount of the claim under par. (b) exceeds the tax otherwise
17due under s. 71.02 or 71.08, the amount of the claim not used to offset the tax due
18shall be certified by the department of revenue to the department of administration
19for payment by check, share draft, or other draft drawn from the appropriation
20account under s. 20.835 (2) (ba).".
SB62-AA42,3,21 214. Page 54, line 21: after " (3r)," insert "(3rm),".
SB62-AA42,3,23 225. Page 56, line 20: after " (3r)," insert "lumber manufacturing facility
23investment credit under s. 71.07 (3rm),
".
SB62-AA42,3,24 246. Page 57, line 2: after " (3r)," insert "(3rm),".
SB62-AA42,3,25
17. Page 81, line 8: after " (3r)," insert "(3rm),".
SB62-AA42,4,2 28. Page 89, line 7: after that line insert:
SB62-AA42,4,3 3" Section 147d. 71.28 (3rm) of the statutes is created to read:
SB62-AA42,4,54 71.28 (3rm) Lumber manufacturing facility investment credit. (a)
5Definitions. In this subsection:
SB62-AA42,4,66 1. "Claimant" means a person who files a claim under this subsection.
SB62-AA42,4,117 2. "Lumber manufacturing modernization or expansion" means constructing,
8improving, or acquiring buildings or facilities, or acquiring equipment for lumber
9manufacturing, if used exclusively for lumber manufacturing and if acquired and
10placed in service in this state during taxable years that begin after December 31,
112008, and before January 1, 2015.
SB62-AA42,4,1312 4. "Used exclusively" means used to the exclusion of all other uses except for
13use not exceeding 5 percent of total use.
SB62-AA42,4,1914 (b) Filing claims. Subject to the limitations provided in this subsection and s.
15560.209, for taxable years beginning after December 31, 2008, and before January
161, 2015, a claimant may claim as a credit against the taxes imposed under s. 71.23,
17up to the amount of the tax, an amount equal to 10 percent of the amount the
18claimant paid in the taxable year for lumber manufacturing modernization or
19expansion.
SB62-AA42,4,2220 (c) Limitations. 1. No credit may be allowed under this subsection for any
21amount that the claimant paid for expenses described under par. (b) that the
22claimant also claimed as a deduction under section 162 of the Internal Revenue Code.
SB62-AA42,4,2423 2. The aggregate amount of credits that a claimant may claim under this
24subsection is $200,000.
SB62-AA42,5,3
13. a. The maximum amount of the credits that may be claimed under this
2subsection and ss. 71.07 (3rm) and 71.47 (3rm) in fiscal year 2009-10 is $700,000,
3as allocated under s. 560.209.
SB62-AA42,5,64 b. The maximum amount of the credits that may be claimed under this
5subsection and ss. 71.07 (3rm) and 71.47 (3rm) in fiscal year 2010-11, and in each
6fiscal year thereafter, is $800,000, as allocated under s. 560.209.
SB62-AA42,5,157 4. 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.
SB62-AA42,5,1916 5. If 2 or more persons own and operate the lumber 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 operation shall not exceed $200,000.
SB62-AA42,5,2120 (d) Administration. 1. Subsection (4) (e), (g), and (h), as it applies to the credit
21under sub. (4), applies to the credit under this subsection.
SB62-AA42,6,222 2. If the allowable amount of the claim under par. (b) exceeds the tax otherwise
23due under s. 71.23, the amount of the claim not used to offset the tax due shall be
24certified by the department of revenue to the department of administration for

1payment by check, share draft, or other draft drawn from the appropriation account
2under s. 20.835 (2) (ba).".
SB62-AA42,6,4 39. Page 95, line 4: after " (3r)," insert "lumber manufacturing facility
4investment credit under s. 71.28 (3rm),
".
SB62-AA42,6,5 510. Page 96, line 9: after " (3r)," insert "(3rm),".
SB62-AA42,6,6 611. Page 99, line 3: after " (3r)," insert "(3rm),".
SB62-AA42,6,7 712. Page 107, line 2: after that line insert:
SB62-AA42,6,8 8" Section 191d. 71.47 (3rm) of the statutes is created to read:
SB62-AA42,6,109 71.47 (3rm) Lumber manufacturing facility investment credit. (a)
10Definitions. In this subsection:
SB62-AA42,6,1111 1. "Claimant" means a person who files a claim under this subsection.
SB62-AA42,6,1612 2. "Lumber manufacturing modernization or expansion" means constructing,
13improving, or acquiring buildings or facilities, or acquiring equipment for lumber
14manufacturing, if used exclusively for lumber manufacturing and if acquired and
15placed in service in this state during taxable years that begin after December 31,
162008, and before January 1, 2015.
SB62-AA42,6,1817 4. "Used exclusively" means used to the exclusion of all other uses except for
18use not exceeding 5 percent of total use.
SB62-AA42,6,2419 (b) Filing claims. Subject to the limitations provided in this subsection and s.
20560.209, for taxable years beginning after December 31, 2008, and before January
211, 2015, a claimant may claim as a credit against the taxes imposed under s. 71.43,
22up to the amount of the tax, an amount equal to 10 percent of the amount the
23claimant paid in the taxable year for lumber manufacturing modernization or
24expansion.
SB62-AA42,7,3
1(c) Limitations. 1. No credit may be allowed under this subsection for any
2amount that the claimant paid for expenses described under par. (b) that the
3claimant also claimed as a deduction under section 162 of the Internal Revenue Code.
SB62-AA42,7,54 2. The aggregate amount of credits that a claimant may claim under this
5subsection is $200,000.
SB62-AA42,7,86 3. a. The maximum amount of the credits that may be claimed under this
7subsection and ss. 71.07 (3rm) and 71.28 (3rm) in fiscal year 2009-10 is $700,000,
8as allocated under s. 560.209.
SB62-AA42,7,119 b. The maximum amount of the credits that may be claimed under this
10subsection and ss. 71.07 (3rm) and 71.28 (3rm) in fiscal year 2010-11, and in each
11fiscal year thereafter, is $800,000, as allocated under s. 560.209.
SB62-AA42,7,2012 4. Partnerships, limited liability companies, and tax-option corporations may
13not claim the credit under this subsection, but the eligibility for, and the amount of,
14the credit are based on their payment of expenses under par. (b), except that the
15aggregate amount of credits that the entity may compute shall not exceed $200,000.
16A partnership, limited liability company, or tax-option corporation shall compute
17the amount of credit that each of its partners, members, or shareholders may claim
18and shall provide that information to each of them. Partners, members of limited
19liability companies, and shareholders of tax-option corporations may claim the
20credit in proportion to their ownership interest.
SB62-AA42,7,2421 5. If 2 or more persons own and operate the lumber manufacturing operation,
22each person may claim a credit under par. (b) in proportion to his or her ownership
23interest, except that the aggregate amount of the credits claimed by all persons who
24own and operate the operation shall not exceed $200,000.
SB62-AA42,8,2
1(d) Administration. 1. Section 71.28 (4) (e), (g), and (h), as it applies to the
2credit under s. 71.28 (4), applies to the credit under this subsection.
SB62-AA42,8,73 2. If the allowable amount of the claim under par. (b) exceeds the tax otherwise
4due under s. 71.43, the amount of the claim not used to offset the tax due shall be
5certified by the department of revenue to the department of administration for
6payment by check, share draft, or other draft drawn from the appropriation account
7under s. 20.835 (2) (ba).".
SB62-AA42,8,9 813. Page 111, line 17: after "(3r)," insert "lumber manufacturing facility
9investment credit under s. 71.47 (3rm),
".
SB62-AA42,8,10 1014. Page 240, line 9: after "(3r)," insert "(3rm),".
SB62-AA42,8,11 1115. Page 329, line 15: after that line insert:
SB62-AA42,8,12 12" Section 800d. 560.209 of the statutes is created to read:
SB62-AA42,8,16 13560.209 Lumber manufacturing facility investment credit. (1) The
14department of commerce shall implement a program to certify taxpayers as eligible
15for the lumber manufacturing facility investment credit under ss. 71.07 (3rm), 71.28
16(3rm), and 71.47 (3rm).
SB62-AA42,8,22 17(2) If the department of commerce certifies a taxpayer under sub. (1), the
18department of commerce shall determine the amount of credits to allocate to that
19taxpayer. The total amount of lumber manufacturing facility investment credits
20allocated to taxpayers in fiscal year 2009-10 may not exceed $700,000 and the total
21amount of lumber manufacturing facility investment credits allocated to taxpayers
22in fiscal year 2010-11, and in each fiscal year thereafter, may not exceed $800,000.
SB62-AA42,9,3
1(3) The department of commerce shall inform the department of revenue of
2every taxpayer certified under sub. (1) and the amount of credits allocated to the
3taxpayer.
SB62-AA42,9,5 4(4) The department of commerce, in consultation with the department of
5revenue, shall promulgate rules to administer this section.".
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