SB94, s. 13 12Section 13. 16.004 (12) (a) of the statutes, as affected by 2011 Wisconsin Act
1310
, is amended to read:
SB94,13,2214 16.004 (12) (a) In this subsection, "state agency" means an association,
15authority, board, department, commission, independent agency, institution, office,
16society, or other body in state government created or authorized to be created by the
17constitution or any law, including the legislature, the office of the governor, and the
18courts, but excluding the University of Wisconsin Hospitals and Clinics Authority,
19the Wisconsin Aerospace Authority, the Health Insurance Risk-Sharing Plan
20Authority, the Lower Fox River Remediation Authority, the Wisconsin Economic
21Development Corporation, the Wisconsin Venture Capital Authority, and the Fox
22River Navigational System Authority.
SB94, s. 14 23Section 14. 16.045 (1) (a) of the statutes, as affected by 2011 Wisconsin Act 10,
24is amended to read:
SB94,14,6
116.045 (1) (a) "Agency" means an office, department, independent agency,
2institution of higher education, association, society, or other body in state
3government created or authorized to be created by the constitution or any law, that
4is entitled to expend moneys appropriated by law, including the legislature and the
5courts, but not including an authority created in subch. II of ch. 114 or subch. III of
6ch. 149 or in ch. 231, 232, 233, 234, 235, 237, 238, 239, or 279.
SB94, s. 15 7Section 15. 16.15 (1) (ab) of the statutes, as affected by 2011 Wisconsin Act 10,
8is amended to read:
SB94,14,139 16.15 (1) (ab) "Authority" has the meaning given under s. 16.70 (2), but
10excludes the University of Wisconsin Hospitals and Clinics Authority, the Lower Fox
11River Remediation Authority, the Wisconsin Economic Development Corporation,
12the Wisconsin Venture Capital Authority, and the Health Insurance Risk-Sharing
13Plan Authority.
SB94, s. 16 14Section 16. 16.41 (4) of the statutes, as affected by 2011 Wisconsin Act 10, is
15amended to read:
SB94,14,1716 16.41 (4) In this section, "authority" means a body created under subch. II of
17ch. 114 or subch. III of ch. 149 or under ch. 231, 233, 234, 237, 238, 239, or 279.
SB94, s. 17 18Section 17 . 16.417 (1) (b) of the statutes, as affected by 2011 Wisconsin Acts
197
and 10, is repealed and recreated to read:
SB94,14,2120 16.417 (1) (b) "Authority" means a body created under subch. II of ch. 114 or
21ch. 231, 232, 233, 234, 235, 237, 239, or 279.
SB94, s. 18 22Section 18 . 16.417 (1) (b) of the statutes, as affected by 2011 Wisconsin Act ....
23(this act), is amended to read:
SB94,14,2524 16.417 (1) (b) "Authority" means a body created under subch. II of ch. 114 or
25ch. 231, 232, 233, 234, 235, 237, 238, 239, or 279.
SB94, s. 19
1Section 19. 16.52 (7) of the statutes, as affected by 2011 Wisconsin Act 10, is
2amended to read:
SB94,15,133 16.52 (7) Petty cash account. With the approval of the secretary, each agency
4that is authorized to maintain a contingent fund under s. 20.920 may establish a
5petty cash account from its contingent fund. The procedure for operation and
6maintenance of petty cash accounts and the character of expenditures therefrom
7shall be prescribed by the secretary. In this subsection, "agency" means an office,
8department, independent agency, institution of higher education, association,
9society, or other body in state government created or authorized to be created by the
10constitution or any law, that is entitled to expend moneys appropriated by law,
11including the legislature and the courts, but not including an authority created in
12subch. II of ch. 114 or subch. III of ch. 149 or in ch. 231, 233, 234, 237, 238, 239, or
13279.
SB94, s. 20 14Section 20. 16.528 (1) (a) of the statutes, as affected by 2011 Wisconsin Act 10,
15is amended to read:
SB94,15,2116 16.528 (1) (a) "Agency" means an office, department, independent agency,
17institution of higher education, association, society, or other body in state
18government created or authorized to be created by the constitution or any law, that
19is entitled to expend moneys appropriated by law, including the legislature and the
20courts, but not including an authority created in subch. II of ch. 114 or subch. III of
21ch. 149 or in ch. 231, 233, 234, 237, 238, 239, or 279.
SB94, s. 21 22Section 21. 16.53 (2) of the statutes, as affected by 2011 Wisconsin Act 10, is
23amended to read:
SB94,16,724 16.53 (2) Improper invoices. If an agency receives an improperly completed
25invoice, the agency shall notify the sender of the invoice within 10 working days after

1it receives the invoice of the reason it is improperly completed. In this subsection,
2"agency" means an office, department, independent agency, institution of higher
3education, association, society, or other body in state government created or
4authorized to be created by the constitution or any law, that is entitled to expend
5moneys appropriated by law, including the legislature and the courts, but not
6including an authority created in subch. II of ch. 114 or subch. III of ch. 149 or in ch.
7231, 233, 234, 237, 238, 239, or 279.
SB94, s. 22 8Section 22. 16.54 (9) (a) 1. of the statutes, as affected by 2011 Wisconsin Act
910
, is amended to read:
SB94,16,1510 16.54 (9) (a) 1. "Agency" means an office, department, independent agency,
11institution of higher education, association, society or other body in state
12government created or authorized to be created by the constitution or any law, which
13is entitled to expend moneys appropriated by law, including the legislature and the
14courts, but not including an authority created in subch. II of ch. 114 or subch. III of
15ch. 149 or in ch. 231, 233, 234, 237, 238, 239, or 279.
SB94, s. 23 16Section 23. 16.765 (1) of the statutes, as affected by 2011 Wisconsin Act 10,
17is amended to read:
SB94,17,418 16.765 (1) Contracting agencies, the University of Wisconsin Hospitals and
19Clinics Authority, the Fox River Navigational System Authority, the Wisconsin
20Aerospace Authority, the Health Insurance Risk-Sharing Plan Authority, the Lower
21Fox River Remediation Authority, the Wisconsin Venture Capital Authority, the
22Wisconsin Economic Development Corporation, and the Bradley Center Sports and
23Entertainment Corporation shall include in all contracts executed by them a
24provision obligating the contractor not to discriminate against any employee or
25applicant for employment because of age, race, religion, color, handicap, sex, physical

1condition, developmental disability as defined in s. 51.01 (5), sexual orientation as
2defined in s. 111.32 (13m), or national origin and, except with respect to sexual
3orientation, obligating the contractor to take affirmative action to ensure equal
4employment opportunities.
SB94, s. 24 5Section 24. 16.765 (2) of the statutes, as affected by 2011 Wisconsin Act 10,
6is amended to read:
SB94,17,247 16.765 (2) Contracting agencies, the University of Wisconsin Hospitals and
8Clinics Authority, the Fox River Navigational System Authority, the Wisconsin
9Aerospace Authority, the Health Insurance Risk-Sharing Plan Authority, the Lower
10Fox River Remediation Authority, the Wisconsin Venture Capital Authority, the
11Wisconsin Economic Development Corporation, and the Bradley Center Sports and
12Entertainment Corporation shall include the following provision in every contract
13executed by them: "In connection with the performance of work under this contract,
14the contractor agrees not to discriminate against any employee or applicant for
15employment because of age, race, religion, color, handicap, sex, physical condition,
16developmental disability as defined in s. 51.01 (5), sexual orientation or national
17origin. This provision shall include, but not be limited to, the following: employment,
18upgrading, demotion or transfer; recruitment or recruitment advertising; layoff or
19termination; rates of pay or other forms of compensation; and selection for training,
20including apprenticeship. Except with respect to sexual orientation, the contractor
21further agrees to take affirmative action to ensure equal employment opportunities.
22The contractor agrees to post in conspicuous places, available for employees and
23applicants for employment, notices to be provided by the contracting officer setting
24forth the provisions of the nondiscrimination clause".
SB94, s. 25
1Section 25. 16.765 (5) of the statutes, as affected by 2011 Wisconsin Act 10,
2is amended to read:
SB94,18,203 16.765 (5) The head of each contracting agency and the boards of directors of
4the University of Wisconsin Hospitals and Clinics Authority, the Fox River
5Navigational System Authority, the Wisconsin Aerospace Authority, the Health
6Insurance Risk-Sharing Plan Authority, the Lower Fox River Remediation
7Authority, the Wisconsin Venture Capital Authority, the Wisconsin Economic
8Development Corporation, and the Bradley Center Sports and Entertainment
9Corporation shall be primarily responsible for obtaining compliance by any
10contractor with the nondiscrimination and affirmative action provisions prescribed
11by this section, according to procedures recommended by the department. The
12department shall make recommendations to the contracting agencies and the boards
13of directors of the University of Wisconsin Hospitals and Clinics Authority, the Fox
14River Navigational System Authority, the Wisconsin Aerospace Authority, the
15Health Insurance Risk-Sharing Plan Authority, the Lower Fox River Remediation
16Authority, the Wisconsin Venture Capital Authority, the Wisconsin Economic
17Development Corporation, and the Bradley Center Sports and Entertainment
18Corporation for improving and making more effective the nondiscrimination and
19affirmative action provisions of contracts. The department shall promulgate such
20rules as may be necessary for the performance of its functions under this section.
SB94, s. 26 21Section 26. 16.765 (6) of the statutes, as affected by 2011 Wisconsin Act 10,
22is amended to read:
SB94,19,723 16.765 (6) The department may receive complaints of alleged violations of the
24nondiscrimination provisions of such contracts. The department shall investigate
25and determine whether a violation of this section has occurred. The department may

1delegate this authority to the contracting agency, the University of Wisconsin
2Hospitals and Clinics Authority, the Fox River Navigational System Authority, the
3Wisconsin Aerospace Authority, the Health Insurance Risk-Sharing Plan Authority,
4the Lower Fox River Remediation Authority, the Wisconsin Venture Capital
5Authority,
the Wisconsin Economic Development Corporation, or the Bradley Center
6Sports and Entertainment Corporation for processing in accordance with the
7department's procedures.
SB94, s. 27 8Section 27. 16.765 (7) (intro.) of the statutes, as affected by 2011 Wisconsin
9Act 10
, is amended to read:
SB94,19,2110 16.765 (7) (intro.) When a violation of this section has been determined by the
11department, the contracting agency, the University of Wisconsin Hospitals and
12Clinics Authority, the Fox River Navigational System Authority, the Wisconsin
13Aerospace Authority, the Health Insurance Risk-Sharing Plan Authority, the Lower
14Fox River Remediation Authority, the Wisconsin Venture Capital Authority, the
15Wisconsin Economic Development Corporation, or the Bradley Center Sports and
16Entertainment Corporation, the contracting agency, the University of Wisconsin
17Hospitals and Clinics Authority, the Fox River Navigational System Authority, the
18Wisconsin Aerospace Authority, the Health Insurance Risk-Sharing Plan Authority,
19the Lower Fox River Remediation Authority, the Wisconsin Venture Capital
20Authority,
the Wisconsin Economic Development Corporation, or the Bradley Center
21Sports and Entertainment Corporation shall:
SB94, s. 28 22Section 28. 16.765 (7) (d) of the statutes, as affected by 2011 Wisconsin Act 10,
23is amended to read:
SB94,20,624 16.765 (7) (d) Direct the violating party to take immediate steps to prevent
25further violations of this section and to report its corrective action to the contracting

1agency, the University of Wisconsin Hospitals and Clinics Authority, the Fox River
2Navigational System Authority, the Wisconsin Aerospace Authority, the Health
3Insurance Risk-Sharing Plan Authority, the Lower Fox River Remediation
4Authority, the Wisconsin Venture Capital Authority, the Wisconsin Economic
5Development Corporation, or the Bradley Center Sports and Entertainment
6Corporation.
SB94, s. 29 7Section 29. 16.765 (8) of the statutes, as affected by 2011 Wisconsin Act 10,
8is amended to read:
SB94,21,39 16.765 (8) If further violations of this section are committed during the term
10of the contract, the contracting agency, the Fox River Navigational System Authority,
11the Wisconsin Aerospace Authority, the Health Insurance Risk-Sharing Plan
12Authority, the Lower Fox River Remediation Authority, the Wisconsin Venture
13Capital Authority,
the Wisconsin Economic Development Corporation, or the
14Bradley Center Sports and Entertainment Corporation may permit the violating
15party to complete the contract, after complying with this section, but thereafter the
16contracting agency, the Fox River Navigational System Authority, the Wisconsin
17Aerospace Authority, the Health Insurance Risk-Sharing Plan Authority, the Lower
18Fox River Remediation Authority, the Wisconsin Venture Capital Authority, the
19Wisconsin Economic Development Corporation, or the Bradley Center Sports and
20Entertainment Corporation shall request the department to place the name of the
21party on the ineligible list for state contracts, or the contracting agency, the Fox River
22Navigational System Authority, the Wisconsin Aerospace Authority, the Health
23Insurance Risk-Sharing Plan Authority, the Lower Fox River Remediation
24Authority, the Wisconsin Venture Capital Authority, the Wisconsin Economic
25Development Corporation, or the Bradley Center Sports and Entertainment

1Corporation may terminate the contract without liability for the uncompleted
2portion or any materials or services purchased or paid for by the contracting party
3for use in completing the contract.
SB94, s. 30 4Section 30. 16.85 (2) of the statutes, as affected by 2011 Wisconsin Act 10, is
5amended to read:
SB94,21,166 16.85 (2) To furnish engineering, architectural, project management, and other
7building construction services whenever requisitions therefor are presented to the
8department by any agency. The department may deposit moneys received from the
9provision of these services in the account under s. 20.505 (1) (kc) or in the general
10fund as general purpose revenue — earned. In this subsection, "agency" means an
11office, department, independent agency, institution of higher education, association,
12society, or other body in state government created or authorized to be created by the
13constitution or any law, which is entitled to expend moneys appropriated by law,
14including the legislature and the courts, but not including an authority created in
15subch. II of ch. 114 or subch. III of ch. 149 or in ch. 231, 233, 234, 237, 238, 239, or
16279.
SB94, s. 31 17Section 31. 16.865 (8) of the statutes, as affected by 2011 Wisconsin Act 10,
18is amended to read:
SB94,22,819 16.865 (8) Annually in each fiscal year, allocate as a charge to each agency a
20proportionate share of the estimated costs attributable to programs administered by
21the agency to be paid from the appropriation under s. 20.505 (2) (k). The department
22may charge premiums to agencies to finance costs under this subsection and pay the
23costs from the appropriation on an actual basis. The department shall deposit all
24collections under this subsection in the appropriation account under s. 20.505 (2) (k).
25Costs assessed under this subsection may include judgments, investigative and

1adjustment fees, data processing and staff support costs, program administration
2costs, litigation costs, and the cost of insurance contracts under sub. (5). In this
3subsection, "agency" means an office, department, independent agency, institution
4of higher education, association, society, or other body in state government created
5or authorized to be created by the constitution or any law, that is entitled to expend
6moneys appropriated by law, including the legislature and the courts, but not
7including an authority created in subch. II of ch. 114 or subch. III of ch. 149 or in ch.
8231, 232, 233, 234, 235, 237, 238, 239, or 279.
SB94, s. 32 9Section 32. 19.42 (10) (t) of the statutes is created to read:
SB94,22,1410 19.42 (10) (t) The executive director of the Wisconsin Venture Capital
11Authority, the members of the authority's board of directors who are appointed by the
12speaker of the assembly and the majority leader of the senate, and the fund manager
13of the badger jobs fund hired by the authority under s. 239.11 (4), including all
14partners, members, officers, or other principals if the fund manager is an entity.
SB94, s. 33 15Section 33. 19.42 (13) (p) of the statutes is created to read:
SB94,22,2016 19.42 (13) (p) The executive director of the Wisconsin Venture Capital
17Authority, the members of the authority's board of directors who are appointed by the
18speaker of the assembly and the majority leader of the senate, and the fund manager
19of the badger jobs fund hired by the authority under s. 239.11 (4), including all
20partners, members, officers, or other principals if the fund manager is an entity.
SB94, s. 34 21Section 34. 20.195 of the statutes is created to read:
SB94,22,23 2220.195 Wisconsin Venture Capital Authority. There is appropriated to the
23Wisconsin Venture Capital Authority for the following program:
SB94,23,3
1(1) Venture capital investment programs. (a) Establishment and operation.
2As a continuing appropriation, the amounts in the schedule for the establishment
3and operation of the Wisconsin Venture Capital Authority.
SB94,23,64 (g) Administration of the badger jobs fund. 1. All moneys received under s.
573.033 (1) (b) and (2) (b), for administration of the badger jobs fund under subch. II
6of ch. 239 and the jobs now fund program under subch. III of ch. 239.
SB94,23,97 2. Notwithstanding s. 20.001 (3) (c), if, at the end of a fiscal year, the authority
8has satisfied 100 percent of its debt with respect to the badger jobs fund, the
9unencumbered balance in this appropriation shall lapse to the general fund.
SB94,23,1110 3. No moneys may be received in this appropriation after the badger jobs fund
11is dissolved under s. 239.11 (3) (a).
SB94, s. 35 12Section 35. 40.02 (54) (n) of the statutes is created to read:
SB94,23,1313 40.02 (54) (n) The Wisconsin Venture Capital Authority.
SB94, s. 36 14Section 36. 70.11 (38v) of the statutes is created to read:
SB94,23,1715 70.11 (38v) Wisconsin Venture Capital Authority. All property owned by the
16Wisconsin Venture Capital Authority, provided that use of the property is primarily
17related to the purposes of the Wisconsin Venture Capital Authority.
SB94, s. 37 18Section 37. 71.05 (6) (a) 15. of the statutes is amended to read:
SB94,23,2419 71.05 (6) (a) 15. The amount of the credits computed under s. 71.07 (2dd), (2de),
20(2di), (2dj), (2dL), (2dm), (2dr), (2ds), (2dx), (2dy), (3g), (3h), (3n), (3p), (3q), (3r),
21(3rm), (3rn), (3s), (3t), (3w), (5e), (5f), (5h), (5i), (5j), (5k), (5r), (5rm), and (8r), and (8s)
22and not passed through by a partnership, limited liability company, or tax-option
23corporation that has added that amount to the partnership's, company's, or
24tax-option corporation's income under s. 71.21 (4) or 71.34 (1k) (g).
SB94, s. 38 25Section 38. 71.05 (6) (a) 25. of the statutes is created to read:
SB94,24,2
171.05 (6) (a) 25. The amount of the credits received under ss. 71.07 (8s) (e),
271.28 (8s) (e), and 71.47 (8s) (e).
SB94, s. 39 3Section 39. 71.05 (6) (a) 26. of the statutes is created to read:
SB94,24,64 71.05 (6) (a) 26. The amount received for the sale or transfer of credits received
5under ss. 71.07 (8s) (e), 71.28 (8s) (e), and 71.47 (8s) (e), including the fair market
6value of property received.
SB94, s. 40 7Section 40. 71.05 (6) (b) 48. of the statutes is created to read:
SB94,24,148 71.05 (6) (b) 48. The amount of the credits sold or transferred to another person
9under s. 71.07 (8s) (e) in the taxable year that has been added to income under par.
10(a) 15. in the taxable year or in a previous taxable year. A partner, member of a
11limited liability company, or shareholder of a tax-option corporation who sells or
12transfers a credit may subtract the amount of the credit sold or transferred to the
13extent that it was included in the partner's, member's, or shareholder's distributive
14share of income.
SB94, s. 41 15Section 41. 71.07 (8s) of the statutes is created to read:
SB94,24,1716 71.07 (8s) Badger jobs fund bonds credit. (a) Definition. In this subsection,
17"claimant" means a person who files a claim under this subsection.
SB94,24,2218 (b) Filing claims. Subject to the limitations provided in this subsection and s.
19239.11, for taxable years beginning after December 31, 2016, a claimant who
20purchases bonds issued under s. 239.11 (2) and who has been awarded a credit under
21s. 239.14, may claim as a credit against the tax imposed under s. 71.02, up to the
22amount of the tax, the amount determined under s. 239.14.
SB94,25,623 (c) Limitations. Partnerships, limited liability companies, and tax-option
24corporations may not claim the credit under this subsection, but the eligibility for,
25and the amount of, the credit are based on their purchase of bonds issued under s.

1239.11 (2) for which a credit has been awarded under s. 239.14. A partnership,
2limited liability company, or tax-option corporation shall compute the amount of
3credit that each of its partners, members, or shareholders may claim and shall
4provide that information to each of them. Partners, members of limited liability
5companies, and shareholders of tax-option corporations may claim the credit in
6proportion to their ownership interests.
SB94,25,127 (d) Carry-forward. 1. If a credit computed under this subsection is not entirely
8offset against Wisconsin income or franchise taxes otherwise due, the unused
9balance may be carried forward and credited against Wisconsin income or franchise
10taxes otherwise due for the following taxable years to the extent not offset by these
11taxes otherwise due in all intervening years between the year in which the expense
12was incurred and the year in which the carry-forward credit is claimed.
SB94,25,1413 2. The amount of the carry-forward computed under subd. 1. shall be reduced
14by the amount of any credit transferred under par. (e).
SB94,25,2215 (e) Sale of credit. A person who is awarded a credit under s. 239.14, or to whom
16a credit is transferred as provided under this paragraph, may sell or otherwise
17transfer the credit to another person who is subject to the tax imposed under s. 71.02,
1871.23, or 71.43 if the person notifies the department of revenue and the Wisconsin
19Venture Capital Authority created under ch. 239 of the transfer and includes with
20the notification a copy of the transfer documents. No credit may be sold or
21transferred under this paragraph until 180 days after the date on which the person
22becomes eligible to claim the credit.
SB94,25,2423 (f) Administration. 1. Section 71.28 (4) (e), (g), and (h), as it applies to the credit
24under s. 71.28 (4), applies to the credit under this subsection.
SB94,25,2525 2. The department shall promulgate rules to administer this subsection.
SB94, s. 42
1Section 42. 71.10 (4) (ds) of the statutes is created to read:
SB94,26,22 71.10 (4) (ds) Badger jobs fund bonds credit under s. 71.07 (8s).
SB94, s. 43 3Section 43. 71.21 (4) of the statutes is amended to read:
SB94,26,74 71.21 (4) Credits computed by a partnership under s. 71.07 (2dd), (2de), (2di),
5(2dj), (2dL), (2dm), (2ds), (2dx), (2dy), (3g), (3h), (3n), (3p), (3q), (3r), (3rm), (3rn), (3s),
6(3t), (3w), (5e), (5f), (5g), (5h), (5i), (5j), (5k), (5r), (5rm), and (8r), and (8s) and passed
7through to partners shall be added to the partnership's income.
SB94, s. 44 8Section 44. 71.26 (1) (be) of the statutes, as affected by 2011 Wisconsin Act 10,
9is amended to read:
SB94,26,1410 71.26 (1) (be) Certain authorities. Income of the University of Wisconsin
11Hospitals and Clinics Authority, of the Health Insurance Risk-Sharing Plan
12Authority, of the Fox River Navigational System Authority, of the Wisconsin
13Economic Development Corporation, of the Wisconsin Venture Capital Authority,
14and of the Wisconsin Aerospace Authority.
SB94, s. 45 15Section 45. 71.26 (2) (a) 4. of the statutes, as affected by 2011 Wisconsin Act
163
, is amended to read:
SB94,26,2317 71.26 (2) (a) 4. Plus the amount of the credit computed under s. 71.28 (1dd),
18(1de), (1di), (1dj), (1dL), (1dm), (1ds), (1dx), (1dy), (3g), (3h), (3n), (3p), (3q), (3r),
19(3rm), (3rn), (3t), (3w), (5e), (5f), (5g), (5h), (5i), (5j), (5k), (5r), (5rm), (8r), (8s), and
20(9s) and not passed through by a partnership, limited liability company, or
21tax-option corporation that has added that amount to the partnership's, limited
22liability company's, or tax-option corporation's income under s. 71.21 (4) or 71.34 (1k)
23(g).
SB94, s. 46 24Section 46. 71.26 (2) (a) 4c. of the statutes is created to read:
SB94,27,2
171.26 (2) (a) 4c. Plus the amount of credits received from another person under
2ss. 71.07 (8s) (e), 71.28 (8s) (e), and 71.47 (8s) (e).
SB94, s. 47 3Section 47. 71.26 (2) (a) 4d. of the statutes is created to read:
SB94,27,64 71.26 (2) (a) 4d. Plus the amount received for the sale or transfer of credits
5under ss. 71.07 (8s) (e), 71.28 (8s) (e), and 71.47 (8s) (e), including the fair market
6value of property received.
SB94, s. 48 7Section 48. 71.26 (2) (a) 4e. of the statutes is created to read:
SB94,27,98 71.26 (2) (a) 4e. Minus the amount of credits sold or transferred under ss. 71.07
9(8s) (e), 71.28 (8s) (e), and 71.47 (8s) (e).
SB94, s. 49 10Section 49. 71.28 (8s) of the statutes is created to read:
SB94,27,1211 71.28 (8s) Badger jobs fund bonds credit. (a) Definition. In this subsection,
12"claimant" means a person who files a claim under this subsection.
SB94,27,1713 (b) Filing claims. Subject to the limitations provided in this subsection and s.
14239.11, for taxable years beginning after December 31, 2016, a claimant who
15purchases bonds issued under s. 239.11 (2) and who has been awarded a credit under
16s. 239.14, may claim as a credit against the tax imposed under s. 71.23, up to the
17amount of the tax, the amount determined under s. 239.14.
SB94,28,218 (c) Limitations. Partnerships, limited liability companies, and tax-option
19corporations may not claim the credit under this subsection, but the eligibility for,
20and the amount of, the credit are based on their purchase of bonds issued under s.
21239.11 (2) for which a credit has been awarded under s. 239.14. A partnership,
22limited liability company, or tax-option corporation shall compute the amount of
23credit that each of its partners, members, or shareholders may claim and shall
24provide that information to each of them. Partners, members of limited liability

1companies, and shareholders of tax-option corporations may claim the credit in
2proportion to their ownership interests.
SB94,28,83 (d) Carry-forward. 1. If a credit computed under this subsection is not entirely
4offset against Wisconsin income or franchise taxes otherwise due, the unused
5balance may be carried forward and credited against Wisconsin income or franchise
6taxes otherwise due for the following taxable years to the extent not offset by these
7taxes otherwise due in all intervening years between the year in which the expense
8was incurred and the year in which the carry-forward credit is claimed.
SB94,28,109 2. The amount of the carry-forward computed under subd. 1. shall be reduced
10by the amount of any credit transferred under par. (e).
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