SB27-SSA1,749,86
71.07
(3rm) (c) 3. The maximum amount of the credits that may be claimed
7under this subsection and ss. 71.28 (3rm) and 71.47 (3rm) is $900,000, as allocated
8under s.
93.547 or s. 560.209
, 2009 stats.
SB27-SSA1,749,1610
71.07
(3rn) (b)
Filing claims. Subject to the limitations provided in this
11subsection and s.
506.2056 93.54 or s. 560.2056, 2009 stats., for taxable years
12beginning after December 31, 2009, and before January 1, 2017, a claimant may
13claim as a credit against the tax imposed under ss. 71.02 and 71.08, up to the amount
14of the tax, an amount equal to 10 percent of the amount the claimant paid in the
15taxable year for food processing or food warehousing modernization or expansion
16related to the operation of the claimant's food processing plant or food warehouse.
SB27-SSA1, s. 1038
17Section
1038. 71.07 (3rn) (c) 3. a. of the statutes is amended to read:
SB27-SSA1,749,2018
71.07
(3rn) (c) 3. a. The maximum amount of the credits that may be allocated
19under this subsection and ss. 71.28 (3rn) and 71.47 (3rn) in fiscal year 2009-10 is
20$1,000,000, as allocated under s. 560.2056
, 2009 stats.
SB27-SSA1, s. 1039
21Section
1039. 71.07 (3rn) (c) 3. b. of the statutes is amended to read:
SB27-SSA1,749,2422
71.07
(3rn) (c) 3. b. The maximum amount of the credits that may be allocated
23under this subsection and ss. 71.28 (3rn) and 71.47 (3rn) in fiscal year 2010-11 is
24$1,200,000, as allocated under s. 560.2056
, 2009 stats.
SB27-SSA1, s. 1040
25Section
1040. 71.07 (3rn) (c) 3. c. of the statutes is amended to read:
SB27-SSA1,750,4
171.07
(3rn) (c) 3. c. The maximum amount of the credits that may be allocated
2under this subsection and ss. 71.28 (3rn) and 71.47 (3rn) in fiscal year 2011-12, and
3in each year thereafter, is $700,000, as allocated under s.
93.54 or s. 560.2056
, 2009
4stats.
SB27-SSA1,750,86
71.07
(3rn) (c) 6. No credit may be allowed under this subsection unless the
7claimant submits with the claimant's return a copy of the claimant's credit
8certification and allocation under s.
93.54 or s. 560.2056
, 2009 stats.
SB27-SSA1,750,1510
71.07
(3t) (b)
Credit. Subject to the limitations provided in this subsection and
11in s. 560.28,
2009 stats., for taxable years beginning after December 31, 2007, a
12claimant may claim as a credit, amortized over 15 taxable years starting with the
13taxable year beginning after December 31, 2007, against the tax imposed under s.
1471.02 and 71.08, up to the amount of the tax, an amount equal to the claimant's
15unused credits under s. 71.07 (3s).
SB27-SSA1,750,2317
71.07
(3t) (c) 1. No credit may be claimed under this subsection unless the
18claimant submits with the claimant's return a copy of the claimant's certification by
19the department of commerce under s. 560.28,
2009 stats., except that, with regard
20to credits claimed by partners of a partnership, members of a limited liability
21company, or shareholders of a tax-option corporation, the entity shall provide a copy
22of its certification under s. 560.28
, 2009 stats., to the partner, member, or shareholder
23to submit with his or her return.
SB27-SSA1,751,3
171.07
(3w) (a) 2. "Claimant" means a person who is certified to claim tax
2benefits under s.
238.399 (5) or s. 560.799 (5)
, 2009 stats., and who files a claim under
3this subsection.
SB27-SSA1,751,65
71.07
(3w) (a) 3. "Full-time employee" means a full-time employee, as defined
6in s.
238.399 (1) (am) or s. 560.799 (1) (am)
, 2009 stats.
SB27-SSA1,751,98
71.07
(3w) (a) 4. "Enterprise zone" means a zone designated under s.
238.399
9or s. 560.799
, 2009 stats.
SB27-SSA1,751,1311
71.07
(3w) (a) 5d. "Tier I county or municipality" means a tier I county or
12municipality, as determined
by the department of commerce under s.
238.399 or s. 13560.799
, 2009 stats.
SB27-SSA1,751,1715
71.07
(3w) (a) 5e. "Tier II county or municipality" means a tier II county or
16municipality, as determined
by the department of commerce under s.
238.399 or s. 17560.799
, 2009 stats.
SB27-SSA1, s. 1049
18Section
1049. 71.07 (3w) (b) (intro.) of the statutes is amended to read:
SB27-SSA1,751,2219
71.07
(3w) (b)
Filing claims; payroll. (intro.) Subject to the limitations
20provided in this subsection and s.
238.399 or s. 560.799
, 2009 stats., a claimant may
21claim as a credit against the tax imposed under s. 71.02 or 71.08 an amount
22calculated as follows:
SB27-SSA1,752,3
171.07
(3w) (b) 5. Multiply the amount determined under subd. 4. by the
2percentage determined by
the department of commerce under s.
238.399 or s. 3560.799
, 2009 stats., not to exceed 7 percent.
SB27-SSA1,752,155
71.07
(3w) (bm) 1. In addition to the credits under par. (b) and subds. 2., 3., and
64., and subject to the limitations provided in this subsection and s.
238.399 or s. 7560.799
, 2009 stats., a claimant may claim as a credit against the tax imposed under
8s. 71.02 or 71.08 an amount equal to a percentage, as determined
by the department
9of commerce under s. 238.399 or s. 560.799, 2009 stats., not to exceed 100 percent,
10of the amount the claimant paid in the taxable year to upgrade or improve the
11job-related skills of any of the claimant's full-time employees, to train any of the
12claimant's full-time employees on the use of job-related new technologies, or to
13provide job-related training to any full-time employee whose employment with the
14claimant represents the employee's first full-time job. This subdivision does not
15apply to employees who do not work in an enterprise zone.
SB27-SSA1,753,517
71.07
(3w) (bm) 2. In addition to the credits under par. (b) and subds. 1., 3., and
184., and subject to the limitations provided in this subsection and s.
238.399 or s. 19560.799
, 2009 stats., a claimant may claim as a credit against the tax imposed under
20s. 71.02 or 71.08 an amount equal to the percentage, as determined
by the
21department of commerce under s.
238.399 or s. 560.799
, 2009 stats., not to exceed 7
22percent, of the claimant's zone payroll paid in the taxable year to all of the claimant's
23full-time employees whose annual wages are greater than $20,000 in a tier I county
24or municipality, not including the wages paid to the employees determined under
25par. (b) 1., or greater than $30,000 in a tier II county or municipality, not including
1the wages paid to the employees determined under par. (b) 1., and who the claimant
2employed in the enterprise zone in the taxable year, if the total number of such
3employees is equal to or greater than the total number of such employees in the base
4year. A claimant may claim a credit under this subdivision for no more than 5
5consecutive taxable years.
SB27-SSA1,753,127
71.07
(3w) (bm) 3. In addition to the credits under par. (b) and subds. 1., 2., and
84., and subject to the limitations provided in this subsection and s.
238.399 or s. 9560.799
, 2009 stats., for taxable years beginning after December 31, 2008, a claimant
10may claim as a credit against the tax imposed under s. 71.02 or 71.08 up to 10 percent
11of the claimant's significant capital expenditures, as determined
by the department
12of commerce under s.
238.399 (5m) or s. 560.799 (5m)
, 2009 stats.
SB27-SSA1,753,2214
71.07
(3w) (bm) 4. In addition to the credits under par. (b) and subds. 1., 2., and
153., and subject to the limitations provided in this subsection and s.
238.399 or s. 16560.799
, 2009 stats., for taxable years beginning after December 31, 2009, a claimant
17may claim as a credit against the tax imposed under s. 71.02 or 71.08, up to 1 percent
18of the amount that the claimant paid in the taxable year to purchase tangible
19personal property, items, property, or goods under s. 77.52 (1) (b), (c), or (d), or
20services from Wisconsin vendors, as determined
by the department of commerce 21under s.
238.399 (5) (e) or s. 560.799 (5) (e),
2009 stats., except that the claimant may
22not claim the credit under this subdivision and subd. 3. for the same expenditures.
SB27-SSA1,754,3
171.07
(3w) (c) 3. No credit may be allowed under this subsection unless the
2claimant includes with the claimant's return a copy of the claimant's certification for
3tax benefits under s.
238.399 (5) or (5m) or s. 560.799 (5) or (5m)
, 2009 stats.
SB27-SSA1,754,95
71.07
(3w) (d)
Administration. Section 71.28 (4) (g) and (h), as it applies to the
6credit under s. 71.28 (4), applies to the credit under this subsection. Claimants shall
7include with their returns a copy of their certification for tax benefits, and a copy of
8the verification of their expenses, from the department of commerce
or the Wisconsin
9Economic Development Corporation.
SB27-SSA1,754,1211
71.07
(5b) (a) 2. "Fund manager" means an investment fund manager certified
12under s.
238.15 (2) or s. 560.205 (2)
, 2009 stats.
SB27-SSA1,754,1914
71.07
(5b) (b) 1. For taxable years beginning after December 31, 2004, subject
15to the limitations provided under this subsection and s.
238.15 or s. 560.205
, 2009
16stats., and except as provided in subd. 2., a claimant may claim as a credit against
17the tax imposed under ss. 71.02 and 71.08, up to the amount of those taxes, 25 percent
18of the claimant's investment paid to a fund manager that the fund manager invests
19in a business certified under s.
238.15 (1) or s. 560.205 (1)
, 2009 stats.
SB27-SSA1,755,421
71.07
(5b) (b) 2. In the case of a partnership, limited liability company, or
22tax-option corporation, the computation of the 25 percent limitation under subd. 1.
23shall be determined at the entity level rather than the claimant level and may be
24allocated among the claimants who make investments in the manner set forth in the
25entity's organizational documents. The entity shall provide to the department of
1revenue and to the department of commerce
or the Wisconsin Economic
2Development Corporation the names and tax identification numbers of the
3claimants, the amounts of the credits allocated to the claimants, and the
4computation of the allocations.
SB27-SSA1,755,106
71.07
(5b) (d) 3. For
calendar years beginning investments made after
7December 31, 2007, if an investment for which a claimant claims a credit under par.
8(b) is held by the claimant for less than 3 years, the claimant shall pay to the
9department, in the manner prescribed by the department, the amount of the credit
10that the claimant received related to the investment.
SB27-SSA1, s. 1061
11Section
1061. 71.07 (5d) (a) 1. (intro.) of the statutes is amended to read:
SB27-SSA1,755,1412
71.07
(5d) (a) 1. (intro.) "Bona fide angel investment" means a purchase of an
13equity interest, or any other expenditure, as determined by rule under s.
238.15 or
14s. 560.205
, 2009 stats., that is made by any of the following:
SB27-SSA1,755,1816
71.07
(5d) (a) 2m. "Person" means a partnership or limited liability company
17that is a nonoperating entity, as determined by the department of commerce
or the
18Wisconsin Economic Development Corporation, a natural person, or fiduciary.
SB27-SSA1,755,2120
71.07
(5d) (a) 3. "Qualified new business venture" means a business that is
21certified under s.
238.15 (1) or s. 560.205 (1)
, 2009 stats.
SB27-SSA1, s. 1064
22Section
1064. 71.07 (5d) (b) (intro.) of the statutes is amended to read:
SB27-SSA1,756,223
71.07
(5d) (b)
Filing claims. (intro.) Subject to the limitations provided in this
24subsection and in s.
238.15 or s. 560.205
, 2009 stats., a claimant may claim as a credit
1against the tax imposed under s. 71.02 or 71.08, up to the amount of those taxes, the
2following:
SB27-SSA1,756,84
71.07
(5d) (b) 1. For taxable years beginning before January 1, 2008, in each
5taxable year for 2 consecutive years, beginning with the taxable year as certified by
6the department of commerce
or the Wisconsin Economic Development Corporation,
7an amount equal to 12.5 percent of the claimant's bona fide angel investment made
8directly in a qualified new business venture.
SB27-SSA1,756,1310
71.07
(5d) (b) 2. For taxable years beginning after December 31, 2007, for the
11taxable year certified by the department of commerce
or the Wisconsin Economic
12Development Corporation, an amount equal to 25 percent of the claimant's bona fide
13angel investment made directly in a qualified new business venture.
SB27-SSA1,756,1815
71.07
(5d) (c) 2. For taxable years beginning before January 1, 2008, the
16maximum amount of a claimant's investment that may be used as the basis for a
17credit under this subsection is $2,000,000 for each investment made directly in a
18business certified under s.
238.15 (1) or s. 560.205 (1)
, 2009 stats.
SB27-SSA1,756,2420
71.07
(5d) (d) 1. For
calendar years beginning investments made after
21December 31, 2007, if an investment for which a claimant claims a credit under par.
22(b) is held by the claimant for less than 3 years, the claimant shall pay to the
23department, in the manner prescribed by the department, the amount of the credit
24that the claimant received related to the investment.
SB27-SSA1, s. 1069
25Section
1069. 71.07 (5f) (a) 1. (intro.) of the statutes is amended to read:
SB27-SSA1,757,11
171.07
(5f) (a) 1. (intro.) "Accredited production" means a film, video, broadcast
2advertisement, or television production, as approved by the department of commerce
3or the department of tourism, for which the aggregate salary and wages included in
4the cost of the production for the period ending 12 months after the month in which
5the principal filming or taping of the production begins exceeds $50,000. "Accredited
6production" also means an electronic game, as approved by the department of
7commerce
or the department of tourism, for which the aggregate salary and wages
8included in the cost of the production for the period ending 36 months after the month
9in which the principal programming, filming, or taping of the production begins
10exceeds $100,000. "Accredited production" does not include any of the following,
11regardless of the production costs:
SB27-SSA1,757,2113
71.07
(5f) (a) 3. "Production expenditures" means any expenditures that are
14incurred in this state and directly used to produce an accredited production,
15including expenditures for set construction and operation, wardrobes, make-up,
16clothing accessories, photography, sound recording, sound synchronization, sound
17mixing, lighting, editing, film processing, film transferring, special effects, visual
18effects, renting or leasing facilities or equipment, renting or leasing motor vehicles,
19food, lodging, and any other similar expenditure as determined by the department
20of commerce
or the department of tourism. "Production expenditures" do not include
21salary, wages, or labor-related contract payments.
SB27-SSA1,758,523
71.07
(5f) (c) 6. No credit may be allowed under this subsection unless the
24claimant files an application with the department of commerce
or the department of
25tourism, at the time and in the manner prescribed by the department of commerce
1or the department of tourism, and the department of commerce
or the department
2of tourism approves the application. The claimant shall submit a fee with the
3application in an amount equal to 2 percent of the claimant's budgeted production
4expenditures or to $5,000, whichever is less. The claimant shall submit a copy of the
5approved application with the claimant's return.
SB27-SSA1,758,117
71.07
(5h) (c) 4. No claim may be allowed under this subsection unless the
8department of commerce
or the department of tourism certifies, in writing, that the
9credits claimed under this subsection are for expenses related to establishing or
10operating a film production company in this state and the claimant submits a copy
11of the certification with the claimant's return.
SB27-SSA1,758,1513
71.07
(5i) (c) 1. The maximum amount of the credits that may be claimed under
14this subsection and ss. 71.28 (5i) and 71.47 (5i) in a taxable year is $10,000,000, as
15allocated under s.
73.15 or s. 560.204
, 2009 stats.
SB27-SSA1,758,2117
71.07
(5j) (a) 2d. "Diesel replacement renewable fuel" includes biodiesel and
18any other fuel derived from a renewable resource that meets all of the applicable
19requirements of the American Society for Testing and Materials for that fuel and that
20the department of commerce
or the department of safety and professional services 21designates by rule as a diesel replacement renewable fuel.
SB27-SSA1,759,223
71.07
(5j) (a) 2m. "Gasoline replacement renewable fuel" includes ethanol and
24any other fuel derived from a renewable resource that meets all of the applicable
25requirements of the American Society for Testing and Materials for that fuel and that
1the department of commerce
or the department of safety and professional services 2designates by rule as a gasoline replacement renewable fuel.
SB27-SSA1,759,94
71.07
(5j) (c) 3. The department of commerce
or the department of safety and
5professional services shall establish standards to adequately prevent, in the
6distribution of conventional fuel to an end user, the inadvertent distribution of fuel
7containing a higher percentage of renewable fuel than the maximum percentage
8established by the federal environmental protection agency for use in
9conventionally-fueled engines.
SB27-SSA1,759,1211
71.07
(5n) Qualified production activities credit. (a)
Definitions. In this
12subsection:2
SB27-SSA1,759,1313
1. "Claimant" means a person who files a claim under this subsection.
SB27-SSA1,759,1714
2. "Eligible qualified production activities income" means qualified production
15activities income that derives from property located in this state that is assessed as
16manufacturing property under s. 70.995 or as agricultural property under s. 70.32
17(2) (a) 4.
SB27-SSA1,759,1918
3. "Qualified production activities income" means qualified production
19activities income as defined in
26 USC 199 (c).
SB27-SSA1,759,2320
(b)
Filing claims. Subject to the limitations provided in this subsection, a
21claimant may claim as a credit against the tax imposed under s. 71.02, up to the
22amount of the tax, an amount equal to one of the following percentages of the
23claimant's eligible qualified production activities income in the taxable year:
SB27-SSA1,759,2524
1. For taxable years beginning after December 31, 2012, and before January
251, 2014, 1.875 percent.
SB27-SSA1,760,2
12. For taxable years beginning after December 31, 2013, and before January
21, 2015, 3.75 percent.