LRBs0017/2
JK:nwn&wlj&cjs:rs
January 2011 Special Session
2011 - 2012 LEGISLATURE
SENATE SUBSTITUTE AMENDMENT 1,
TO SENATE BILL 7
January 20, 2011 - Offered by
Joint Committee on Finance.
SB7-SSA1,1,3
1An Act to create 71.05 (6) (b) 47., 71.26 (1) (h) and 71.45 (1) (c) of the statutes;
2relating to: a job creation income and franchise tax deduction and granting
3rule-making authority.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
SB7-SSA1, s. 1
4Section
1. 71.05 (6) (b) 47. of the statutes is created to read:
SB7-SSA1,2,125
71.05
(6) (b) 47. An amount equal to the increase in the number of full-time
6equivalent employees employed by the taxpayer in this state during the taxable year,
7multiplied by $4,000 for a business with gross receipts of no greater than $5,000,000
8in the taxable year or $2,000 for a business with gross receipts greater than
9$5,000,000 in the taxable year. For purposes of this subdivision, the increase in the
10number of full-time equivalent employees employed by the taxpayer in this state
11during the taxable year is determined by subtracting from the number of full-time
1equivalent employees employed by the taxpayer in this state during the taxable year,
2as determined by computing the average employee count from the taxpayer's
3quarterly unemployment insurance reports or other information as required by the
4department for the taxable year, the number of full-time equivalent employees
5employed by the taxpayer in this state during the immediately preceding taxable
6year, as determined by computing the average employee count from the taxpayer's
7quarterly unemployment insurance reports or other information as required by the
8department for the immediately preceding taxable year. No person may claim a
9deduction under this subdivision if the person may claim a credit under this
10subchapter based on the person relocating the person's business from another state
11to this state and in an amount equal to the person's tax liability. The department
12shall promulgate rules to administer this subdivision.
SB7-SSA1, s. 2
13Section
2. 71.26 (1) (h) of the statutes is created to read:
SB7-SSA1,3,714
71.26
(1) (h) An amount equal to the increase in the number of full-time
15equivalent employees employed by the taxpayer in this state during the taxable year,
16multiplied by $4,000 for a business with gross receipts of no greater than $5,000,000
17in the taxable year or $2,000 for a business with gross receipts greater than
18$5,000,000 in the taxable year. For purposes of this paragraph, the increase in the
19number of full-time equivalent employees employed by the taxpayer in this state
20during the taxable year is determined by subtracting from the number of full-time
21equivalent employees employed by the taxpayer in this state during the taxable year,
22as determined by computing the average employee count from the taxpayer's
23quarterly unemployment insurance reports or other information as required by the
24department for the taxable year, the number of full-time equivalent employees
25employed by the taxpayer in this state during the immediately preceding taxable
1year, as determined by computing the average employee count from the taxpayer's
2quarterly unemployment insurance reports or other information as required by the
3department for the immediately preceding taxable year. No person may claim a
4deduction under this paragraph if the person may claim a credit under this
5subchapter based on the person relocating the person's business from another state
6to this state and in an amount equal to the person's tax liability. The department
7shall promulgate rules to administer this paragraph.
SB7-SSA1, s. 3
8Section
3. 71.45 (1) (c) of the statutes is created to read:
SB7-SSA1,4,29
71.45
(1) (c) An amount equal to the increase in the number of full-time
10equivalent employees employed by the taxpayer in this state during the taxable year,
11multiplied by $4,000 for a business with gross receipts of no greater than $5,000,000
12in the taxable year or $2,000 for a business with gross receipts greater than
13$5,000,000 in the taxable year. For purposes of this paragraph, the increase in the
14number of full-time equivalent employees employed by the taxpayer in this state
15during the taxable year is determined by subtracting from the number of full-time
16equivalent employees employed by the taxpayer in this state during the taxable year,
17as determined by computing the average employee count from the taxpayer's
18quarterly unemployment insurance reports or other information as required by the
19department for the taxable year, the number of full-time equivalent employees
20employed by the taxpayer in this state during the immediately preceding taxable
21year, as determined by computing the average employee count from the taxpayer's
22quarterly unemployment insurance reports or other information as required by the
23department for the immediately preceding taxable year. No person may claim a
24deduction under this paragraph if the person may claim a credit under this
25subchapter based on the person relocating the person's business from another state
1to this state and in an amount equal to the person's tax liability. The department
2shall promulgate rules to administer this subdivision.
SB7-SSA1,4,54
(1)
Required general fund balance. Section 20.003 (4) of the statutes does not
5apply to the action of the legislature in enacting this act.
SB7-SSA1,4,77
(1)
This act first applies to taxable years beginning on January 1, 2011.
