AB40-ASA1,1338b
1Section 1338b. 71.07 (3h) (b) of the statutes is amended to read:
AB40-ASA1,722,82 71.07 (3h) (b) Filing claims. Subject to the limitations provided in this
3subsection, for taxable years beginning after December 31, 2011, and before January
41, 2015 2014, for a claimant who produces at least 2,500,000 gallons of biodiesel fuel
5in this state in the taxable year, a claimant may claim as a credit against the tax
6imposed under s. 71.02, up to the amount of the tax, an amount that is equal to the
7number of gallons of biodiesel fuel produced by the claimant in this state in the
8taxable year multiplied by 10 cents.
AB40-ASA1,1338c 9Section 1338c. 71.07 (3h) (d) of the statutes is renumbered 71.07 (3h) (d) 1.
AB40-ASA1,1338d 10Section 1338d. 71.07 (3h) (d) 2. of the statutes is created to read:
AB40-ASA1,722,1411 71.07 (3h) (d) 2. No credit may be claimed under this subsection for taxable
12years beginning after December 31, 2013. Credits under this subsection for taxable
13years that begin before January 1, 2014, may be carried forward to taxable years that
14begin after December 31, 2013.
AB40-ASA1,1338e 15Section 1338e. 71.07 (3n) (a) 2. (intro.) of the statutes is amended to read:
AB40-ASA1,722,2116 71.07 (3n) (a) 2. (intro.) "Dairy farm modernization or expansion" means the
17construction, the improvement, or the acquisition of buildings or facilities, or the
18acquisition of equipment, for dairy animal housing, confinement, animal feeding,
19milk production, or waste management, including the following, if used exclusively
20related to dairy animals and if acquired and placed in service in this state during
21taxable years that begin after December 31, 2003, and before January 1, 2017 2014:
AB40-ASA1,1338f 22Section 1338f. 71.07 (3n) (a) 5. (intro.) of the statutes is amended to read:
AB40-ASA1,723,323 71.07 (3n) (a) 5. (intro.) "Livestock farm modernization or expansion" means
24the construction, the improvement, or the acquisition of buildings or facilities, or the
25acquisition of equipment, for livestock housing, confinement, feeding, or waste

1management, including the following, if used exclusively related to livestock and if
2acquired and placed in service in this state during taxable years that begin after
3December 31, 2005, and before January 1, 2017 2014:
AB40-ASA1,1338g 4Section 1338g. 71.07 (3n) (a) 6. b. of the statutes is amended to read:
AB40-ASA1,723,85 71.07 (3n) (a) 6. b. For taxable years that begin after December 31, 2005, and
6before January 1, 2017 2014, "used exclusively," related to livestock, dairy animals,
7or both, means used to the exclusion of all other uses except for use not exceeding 5
8percent of total use.
AB40-ASA1,1338h 9Section 1338h. 71.07 (3n) (b) 1. of the statutes is amended to read:
AB40-ASA1,723,1510 71.07 (3n) (b) 1. Subject to the limitations provided in this subsection, for
11taxable years that begin after December 31, 2003, and before January 1, 2017 2014,
12a claimant may claim as a credit against the tax imposed under ss. 71.02 and 71.08
13an amount equal to 10% of the amount the claimant paid in the taxable year for dairy
14farm modernization or expansion related to the operation of the claimant's dairy
15farm.
AB40-ASA1,1338i 16Section 1338i. 71.07 (3n) (b) 2. of the statutes is amended to read:
AB40-ASA1,723,2217 71.07 (3n) (b) 2. Subject to the limitations provided in this subsection, for
18taxable years that begin after December 31, 2005, and before January 1, 2017 2014,
19a claimant may claim as a credit against the tax imposed under ss. 71.02 and 71.08
20an amount equal to 10 percent of the amount the claimant paid in the taxable year
21for livestock farm modernization or expansion related to the operation of the
22claimant's livestock farm.
AB40-ASA1,1338j 23Section 1338j. 71.07 (3n) (g) of the statutes is created to read:
AB40-ASA1,724,224 71.07 (3n) (g) No credit may be claimed under this subsection for taxable years
25beginning after December 31, 2013. Credits under this subsection for taxable years

1that begin before January 1, 2014, may be carried forward to taxable years that begin
2after December 31, 2013.
AB40-ASA1,1338k 3Section 1338k. 71.07 (3p) (a) 3. (intro.) of the statutes is amended to read:
AB40-ASA1,724,114 71.07 (3p) (a) 3. (intro.) "Dairy manufacturing modernization or expansion"
5means constructing, improving, or acquiring buildings or facilities, or acquiring
6equipment, for dairy manufacturing, including the following, if used exclusively for
7dairy manufacturing and if acquired and placed in service in this state during
8taxable years that begin after December 31, 2006, and before January 1, 2015 2014,
9or, in the case of dairy cooperatives, if acquired and placed in service in this state
10during taxable years that begin after December 31, 2008, and before January 1, 2017
112014:
AB40-ASA1,1338L 12Section 1338L. 71.07 (3p) (b) of the statutes is amended to read:
AB40-ASA1,724,1913 71.07 (3p) (b) Filing claims. Subject to the limitations provided in this
14subsection and s. 93.535 or s. 560.207, 2009 stats., except as provided in par. (c) 5.,
15for taxable years beginning after December 31, 2006, and before January 1, 2015
162014, a claimant may claim as a credit against the taxes imposed under s. 71.02 or
1771.08, up to the amount of the tax, an amount equal to 10 percent of the amount the
18claimant paid in the taxable year for dairy manufacturing modernization or
19expansion related to the claimant's dairy manufacturing operation.
AB40-ASA1,1338m 20Section 1338m. 71.07 (3p) (c) 5. of the statutes is amended to read:
AB40-ASA1,725,421 71.07 (3p) (c) 5. A claimant who is a member of a dairy cooperative may claim
22the credit in the year after the year in which the dairy manufacturing modernization
23or expansion occurs, based on amounts described under par. (b) that are paid by the
24dairy cooperative, for taxable years beginning after December 31, 2008, and before
25January 1, 2018 2014. The amount of the credits computed and not passed through

1by a partnership, limited liability company, or tax-option corporation that has added
2that amount to the partnership's, company's, or tax-option corporation's income
3under s. 71.21 (4) or 71.34 (1k) (g) shall be added to a claimant's income in the year
4in which the cooperative member is allowed to claim the credit.
AB40-ASA1,1338n 5Section 1338n. 71.07 (3p) (d) 4. of the statutes is created to read:
AB40-ASA1,725,76 71.07 (3p) (d) 4. No credit may be claimed under this subsection for taxable
7years beginning after December 31, 2013.
AB40-ASA1,1338p 8Section 1338p. 71.07 (3r) (a) 3. (intro.) of the statutes is amended to read:
AB40-ASA1,725,139 71.07 (3r) (a) 3. (intro.) "Meat processing modernization or expansion" means
10constructing, improving, or acquiring buildings or facilities, or acquiring equipment,
11for meat processing, including the following, if used exclusively for meat processing
12and if acquired and placed in service in this state during taxable years that begin
13after December 31, 2008, and before January 1, 2017 2014:
AB40-ASA1,1338q 14Section 1338q. 71.07 (3r) (b) of the statutes is amended to read:
AB40-ASA1,725,2115 71.07 (3r) (b) Filing claims. Subject to the limitations provided in this
16subsection and s. 93.545 or s. 560.208, 2009 stats., for taxable years beginning after
17December 31, 2008, and before January 1, 2017 2014, a claimant may claim as a
18credit against the taxes imposed under s. 71.02 or 71.08, up to the amount of the tax,
19an amount equal to 10 percent of the amount the claimant paid in the taxable year
20for meat processing modernization or expansion related to the claimant's meat
21processing operation.
AB40-ASA1,1338r 22Section 1338r. 71.07 (3r) (d) 3. of the statutes is created to read:
AB40-ASA1,725,2423 71.07 (3r) (d) 3. No credit may be claimed under this subsection for taxable
24years beginning after December 31, 2013.
AB40-ASA1,1338rb 25Section 1338rb. 71.07 (3rm) (b) of the statutes is amended to read:
AB40-ASA1,726,7
171.07 (3rm) (b) Filing claims. Subject to the limitations provided in this
2subsection and s. 93.547 or s. 560.209, 2009 stats., for taxable years beginning after
3December 31, 2009, and before January 1, 2016 2015, a claimant may claim as a
4credit against the taxes imposed under s. 71.02 or 71.08, up to the amount of the tax,
5an amount equal to 10 percent of the amount the claimant paid in the taxable year
6for equipment that is used primarily to harvest or process woody biomass that is used
7as fuel or as a component of fuel.
AB40-ASA1,1338rc 8Section 1338rc. 71.07 (3rm) (d) 3. of the statutes is created to read:
AB40-ASA1,726,109 71.07 (3rm) (d) 3. No credit may be claimed under this subsection for taxable
10years beginning after December 31, 2014.
AB40-ASA1,1338s 11Section 1338s. 71.07 (3rn) (a) 4. (intro.) of the statutes is amended to read:
AB40-ASA1,726,1712 71.07 (3rn) (a) 4. (intro.) "Food processing plant or food warehouse
13modernization or expansion" means constructing, improving, or acquiring buildings
14or facilities, or acquiring equipment, for food processing or food warehousing,
15including the following, if used exclusively for food processing or food warehousing
16and if acquired and placed in service in this state during taxable years that begin
17after December 31, 2009, and before January 1, 2017 2014:
AB40-ASA1,1338t 18Section 1338t. 71.07 (3rn) (b) of the statutes is amended to read:
AB40-ASA1,726,2519 71.07 (3rn) (b) Filing claims. Subject to the limitations provided in this
20subsection and s. 93.54 or s. 560.2056, 2009 stats., for taxable years beginning after
21December 31, 2009, and before January 1, 2017 2014, a claimant may claim as a
22credit against the tax imposed under ss. 71.02 and 71.08, up to the amount of the tax,
23an amount equal to 10 percent of the amount the claimant paid in the taxable year
24for food processing or food warehousing modernization or expansion related to the
25operation of the claimant's food processing plant or food warehouse.
AB40-ASA1,1338u
1Section 1338u. 71.07 (3rn) (d) 3. of the statutes is created to read:
AB40-ASA1,727,32 71.07 (3rn) (d) 3. No credit may be claimed under this subsection for taxable
3years beginning after December 31, 2013.
AB40-ASA1,1339 4Section 1339. 71.07 (3w) (b) 1. a. of the statutes is amended to read:
AB40-ASA1,727,135 71.07 (3w) (b) 1. a. The number of full-time employees whose annual wages
6are greater than $20,000 the amount determined by multiplying 2,080 by 150
7percent of the federal minimum wage
in a tier I county or municipality or greater
8than $30,000 in a tier II county or municipality and who the claimant employed in
9the enterprise zone in the taxable year, minus the number of full-time employees
10whose annual wages were greater than $20,000 the amount determined by
11multiplying 2,080 by 150 percent of the federal minimum wage
in a tier I county or
12municipality or greater than $30,000 in a tier II county or municipality and who the
13claimant employed in the area that comprises the enterprise zone in the base year.
AB40-ASA1,1340 14Section 1340. 71.07 (3w) (b) 1. b. of the statutes is amended to read:
AB40-ASA1,727,2315 71.07 (3w) (b) 1. b. The number of full-time employees whose annual wages
16are greater than $20,000 the amount determined by multiplying 2,080 by 150
17percent of the federal minimum wage
in a tier I county or municipality or greater
18than $30,000 in a tier II county or municipality and who the claimant employed in
19the state in the taxable year, minus the number of full-time employees whose annual
20wages were greater than $20,000 the amount determined by multiplying 2,080 by
21150 percent of the federal minimum wage
in a tier I county or municipality or greater
22than $30,000 in a tier II county or municipality and who the claimant employed in
23the state in the base year.
AB40-ASA1,1341 24Section 1341. 71.07 (3w) (b) 2. of the statutes is amended to read:
AB40-ASA1,728,10
171.07 (3w) (b) 2. Determine the claimant's average zone payroll by dividing
2total wages for full-time employees whose annual wages are greater than $20,000
3the amount determined by multiplying 2,080 by 150 percent of the federal minimum
4wage
in a tier I county or municipality or greater than $30,000 in a tier II county or
5municipality and who the claimant employed in the enterprise zone in the taxable
6year by the number of full-time employees whose annual wages are greater than
7$20,000 the amount determined by multiplying 2,080 by 150 percent of the federal
8minimum wage
in a tier I county or municipality or greater than $30,000 in a tier II
9county or municipality and who the claimant employed in the enterprise zone in the
10taxable year.
AB40-ASA1,1342 11Section 1342. 71.07 (3w) (b) 3. of the statutes is amended to read:
AB40-ASA1,728,1612 71.07 (3w) (b) 3. For employees in a tier I county or municipality, subtract
13$20,000 the amount determined by multiplying 2,080 by 150 percent of the federal
14minimum wage
from the amount determined under subd. 2. and for employees in a
15tier II county or municipality, subtract $30,000 from the amount determined under
16subd. 2.
AB40-ASA1,1343 17Section 1343. 71.07 (3w) (bm) 2. of the statutes is amended to read:
AB40-ASA1,729,618 71.07 (3w) (bm) 2. In addition to the credits under par. (b) and subds. 1., 3., and
194., and subject to the limitations provided in this subsection and s. 238.399 or s.
20560.799, 2009 stats., a claimant may claim as a credit against the tax imposed under
21s. 71.02 or 71.08 an amount equal to the percentage, as determined under s. 238.399
22or s. 560.799, 2009 stats., not to exceed 7 percent, of the claimant's zone payroll paid
23in the taxable year to all of the claimant's full-time employees whose annual wages
24are greater than $20,000 the amount determined by multiplying 2,080 by 150
25percent of the federal minimum wage
in a tier I county or municipality, not including

1the wages paid to the employees determined under par. (b) 1., or greater than $30,000
2in a tier II county or municipality, not including the wages paid to the employees
3determined under par. (b) 1., and who the claimant employed in the enterprise zone
4in the taxable year, if the total number of such employees is equal to or greater than
5the total number of such employees in the base year. A claimant may claim a credit
6under this subdivision for no more than 5 consecutive taxable years.
AB40-ASA1,1343b 7Section 1343b. 71.07 (4k) of the statutes is created to read:
AB40-ASA1,729,88 71.07 (4k) Research credit. (a) Definitions. In this subsection:
AB40-ASA1,729,99 1. "Frame" includes:
AB40-ASA1,729,1010 a. Every part of a motorcycle, except the tires.
AB40-ASA1,729,1211 b. In the case of a truck, the control system and the fuel and drive train,
12excluding any comfort features located in the cab or the tires.
AB40-ASA1,729,1513 c. In the case of a generator, the control modules, fuel train, fuel scrubbing
14process, fuel mixers, generator, heat exchangers, exhaust train, and similar
15components.
AB40-ASA1,729,1716 2. "Internal combustion engine" includes substitute products such as fuel cell,
17electric, and hybrid drives.
AB40-ASA1,729,2318 3. "Vehicle" means any vehicle or frame, including parts, accessories, and
19component technologies, in which or on which an engine is mounted for use in mobile
20or stationary applications. "Vehicle" includes any truck, tractor, motorcycle,
21snowmobile, all-terrain vehicle, boat, personal watercraft, generator, construction
22equipment, lawn and garden maintenance equipment, automobile, van, sports
23utility vehicle, motor home, bus, or aircraft.
AB40-ASA1,730,1724 (b) Credit. 1. Subject to the limitations provided in this subsection, and except
25as provided in subds. 2. and 3., for taxable years beginning after December 31, 2012,

1an individual, a partner of a partnership, a shareholder of a tax-option corporation,
2or a member of a limited liability company may claim a credit against the tax imposed
3under s. 71.02, as allocated under par. (d), an amount equal to 5 percent of the
4amount obtained by subtracting from the individual's, partnership's, tax-option
5corporation's, or limited liability company's qualified research expenses, as defined
6in section 41 of the Internal Revenue Code, except that "qualified research expenses"
7includes only expenses incurred by the individual, partnership, tax-option
8corporation, or the limited liability company, incurred for research conducted in this
9state for the taxable year, except that a taxpayer may elect the alternative
10computation under section 41 (c) (4) of the Internal Revenue Code and that election
11applies until the department permits its revocation, except as provided in par. (c),
12and except that "qualified research expenses" does not include compensation used
13in computing the credit under subs. (2dj) and (2dx), the entity's base amount, as
14defined in section 41 (c) of the Internal Revenue Code, except that gross receipts used
15in calculating the base amount means gross receipts from sales attributable to
16Wisconsin under ss. 71.04 (7) (b) 1. and 2., (df), (dh), (dj), and (dk). Section 41 (h) of
17the Internal Revenue Code does not apply to the credit under this subdivision.
AB40-ASA1,731,1318 2. For taxable years beginning after December 31, 2012, an individual, a
19partner of a partnership, a shareholder of a tax-option corporation, or a member of
20a limited liability company may claim a credit against the tax imposed under s. 71.02,
21as allocated under par. (d), an amount equal to 10 percent of the amount obtained by
22subtracting from the individual's, partnership's, tax-option corporation's, or limited
23liability company's qualified research expenses, as defined in section 41 of the
24Internal Revenue Code, except that "qualified research expenses" includes only
25expenses incurred by the individual, partnership, tax-option corporation, or limited

1liability company for research related to designing internal combustion engines for
2vehicles, including expenses related to designing vehicles that are powered by such
3engines and improving production processes for such engines and vehicles, incurred
4for research conducted in this state for the taxable year, except that a taxpayer may
5elect the alternative computation under section 41 (c) (4) of the Internal Revenue
6Code and that election applies until the department permits its revocation, except
7as provided in par. (c), and except that "qualified research expenses" does not include
8compensation used in computing the credit under subs. (2dj) and (2dx), the entity's
9base amount, as defined in section 41 (c) of the Internal Revenue Code, except that
10gross receipts used in calculating the base amount means gross receipts from sales
11attributable to Wisconsin under ss. 71.04 (7) (b) 1. and 2., (df), (dh), (dj), and (dk).
12Section 41 (h) of the Internal Revenue Code does not apply to the credit under this
13subdivision.
AB40-ASA1,732,914 3. For taxable years beginning after December 31, 2012, an individual, a
15partner of a partnership, a shareholder of a tax-option corporation, or a member of
16a limited liability company may claim a credit against the tax imposed under s. 71.02,
17as allocated under par. (d), an amount equal to 10 percent of the amount obtained by
18subtracting from the individual's, partnership's, tax-option corporation's, or limited
19liability company's qualified research expenses, as defined in section 41 of the
20Internal Revenue Code, except that "qualified research expenses" includes only
21expenses incurred by the individual, partnership, tax-option corporation, or limited
22liability company for research related to the design and manufacturing of energy
23efficient lighting systems, building automation and control systems, or automotive
24batteries for use in hybrid-electric vehicles, that reduce the demand for natural gas
25or electricity or improve the efficiency of its use, incurred for research conducted in

1this state for the taxable year, except that a taxpayer may elect the alternative
2computation under section 41 (c) (4) of the Internal Revenue Code and that election
3applies until the department permits its revocation, except as provided in par. (c),
4and except that "qualified research expenses" does not include compensation used
5in computing the credit under subs. (2dj) and (2dx), the entity's base amount, as
6defined in section 41 (c) of the Internal Revenue Code, except that gross receipts used
7in calculating the base amount means gross receipts from sales attributable to
8Wisconsin under ss. 71.04 (7) (b) 1. and 2., (df), (dh), (dj), and (dk). Section 41 (h) of
9the Internal Revenue Code does not apply to the credit under this subdivision.
AB40-ASA1,732,1310 (c) Computation. If in any taxable year a person claims a credit under par. (b)
111., 2., or 3., or any combination of those credits, the person may use a different
12computation method to calculate each of the credits and may choose to change the
13computation method once for each credit without the department's approval.
AB40-ASA1,732,2114 (d) Limitations. Partnerships, tax-option corporations, and limited liability
15companies may not claim a credit under this subsection, but the eligibility for, and
16the amount of, the credit are based on their payment of amounts under par. (b). A
17partnership, tax-option corporation, or limited liability company shall compute the
18amount of the credit that each of its partners, shareholders, or members may claim
19and shall provide that information to each of them. Partners of a partnership,
20shareholders of tax-option corporations, and members of limited liability companies
21may claim the credit in proportion to their ownership interest.
AB40-ASA1,732,2322 (e) Administration. Section 71.28 (4) (b) to (h), as it applies to the credit under
23s. 71.28 (4), applies to the credits under this subsection.
AB40-ASA1,1343c 24Section 1343c. 71.07 (4n) of the statutes is created to read:
AB40-ASA1,732,2525 71.07 (4n) Research facilities credit. (a) Definitions. In this subsection:
AB40-ASA1,733,1
11. "Frame" includes:
AB40-ASA1,733,22 a. Every part of a motorcycle, except the tires.
AB40-ASA1,733,43 b. In the case of a truck, the control system and the fuel and drive train,
4excluding any comfort features located in the cab or the tires.
AB40-ASA1,733,75 c. In the case of a generator, the control modules, fuel train, fuel scrubbing
6process, fuel mixers, generator, heat exchangers, exhaust train, and similar
7components.
AB40-ASA1,733,98 2. "Internal combustion engine" includes substitute products such as fuel cell,
9electric, and hybrid drives.
AB40-ASA1,733,1510 3. "Vehicle" means any vehicle or frame, including parts, accessories, and
11component technologies, in which or on which an engine is mounted for use in mobile
12or stationary applications. "Vehicle" includes any truck, tractor, motorcycle,
13snowmobile, all-terrain vehicle, boat, personal watercraft, generator, construction
14equipment, lawn and garden maintenance equipment, automobile, van, sports
15utility vehicle, motor home, bus, or aircraft.
AB40-ASA1,734,216 (b) Credit. 1. Subject to the limitations provided in this subsection, and except
17as provided in subds. 2. and 3., for taxable years beginning after December 31, 2012,
18and before January 1, 2014, an individual, a partner of a partnership, a shareholder
19of a tax-option corporation, or a member of a limited liability company may claim a
20credit against the tax imposed under s. 71.02, as allocated under par. (c), an amount
21equal to 5 percent of the amount paid or incurred by the individual, partnership,
22tax-option corporation, or limited liability company during the taxable year to
23construct and equip new facilities or expand existing facilities used in this state for
24qualified research, as defined in section 41 of the Internal Revenue Code. Eligible

1amounts include only amounts paid or incurred for tangible, depreciable property
2but do not include amounts paid or incurred for replacement property.
AB40-ASA1,734,173 2. For taxable years beginning after December 31, 2012, and before January
41, 2014, an individual, a partner of a partnership, a shareholder of a tax-option
5corporation, or a member of a limited liability company may claim a credit against
6the tax imposed under s. 71.02, as allocated under par. (c), an amount equal to 10
7percent of the amount paid or incurred by the individual, partnership, tax-option
8corporation, or limited liability company during the taxable year to construct and
9equip new facilities or expand existing facilities used in this state for qualified
10research, as defined in section 41 of the Internal Revenue Code, except that
11"qualified research expenses" includes only expenses paid or incurred by the
12individual, partnership, tax-option corporation, or limited liability company for
13research related to designing internal combustion engines for vehicles, including
14expenses related to designing vehicles that are powered by such engines and
15improving production processes for such engines and vehicles. Eligible amounts
16include only amounts paid or incurred for tangible, depreciable property but do not
17include amounts paid or incurred for replacement property.
AB40-ASA1,735,818 3. For taxable years beginning after December 31, 2012, and before January
191, 2014, an individual, a partner of a partnership, a shareholder of a tax-option
20corporation, or a member of a limited liability company may claim a credit against
21the tax imposed under s. 71.02, as allocated under par. (c), an amount equal to 10
22percent of the amount paid or incurred by the individual, partnership, tax-option
23corporation, or limited liability company during the taxable year to construct and
24equip new facilities or expand existing facilities used in this state for qualified
25research, as defined in section 41 of the Internal Revenue Code, except that

1"qualified research expenses" includes only expenses paid or incurred by the
2individual, partnership, tax-option corporation, or limited liability company for
3research related to the design and manufacturing of energy efficient lighting
4systems, building automation and control systems, or automotive batteries for use
5in hybrid-electric vehicles, that reduce the demand for natural gas or electricity or
6improve the efficiency of its use. Eligible amounts include only amounts paid or
7incurred for tangible, depreciable property but do not include amounts paid or
8incurred for replacement property.
AB40-ASA1,735,169 (c) Limitations. Partnerships, tax-option corporations, and limited liability
10companies may not claim a credit under this subsection, but the eligibility for, and
11the amount of, the credit are based on their payment of amounts under par. (b). A
12partnership, tax-option corporation, or limited liability company shall compute the
13amount of the credit that each of its partners, shareholders, or members may claim
14and shall provide that information to each of them. Partners of a partnership,
15shareholders of tax-option corporations, and members of limited liability companies
16may claim the credit in proportion to their ownership interest.
AB40-ASA1,735,1817 (d) Administration. Section 71.28 (4) (b) to (h), as it applies to the credit under
18s. 71.28 (4), applies to the credits under this subsection.
AB40-ASA1,735,2219 (e) Sunset. No credit may be claimed under this subsection for taxable years
20beginning after December 31, 2013. Credits under this subsection for taxable years
21that begin before January 1, 2014, may be carried forward to taxable years that begin
22after December 31, 2013.
AB40-ASA1,1344 23Section 1344. 71.07 (5d) (c) 1. of the statutes is repealed.
AB40-ASA1,1344b 24Section 1344b. 71.07 (5e) (d) of the statutes is renumbered 71.07 (5e) (d) 1.
AB40-ASA1,1344c 25Section 1344c. 71.07 (5e) (d) 2. of the statutes is created to read:
AB40-ASA1,736,4
171.07 (5e) (d) 2. No credit may be claimed under this subsection for taxable
2years beginning after December 31, 2013. Credits under this subsection for taxable
3years that begin before January 1, 2014, may be carried forward to taxable years that
4begin after December 31, 2013.
AB40-ASA1,1344d 5Section 1344d. 71.07 (5f) (d) 3. of the statutes is created to read:
AB40-ASA1,736,76 71.07 (5f) (d) 3. No credit may be claimed under this subsection for taxable
7years beginning after December 31, 2013.
AB40-ASA1,1344df 8Section 1344df. 71.07 (5g) (a) of the statutes is amended to read:
AB40-ASA1,736,129 71.07 (5g) (a) Definitions. In this subsection, "claimant" means a partner,
10limited liability company member, or tax-option corporation shareholder who files
11a claim under this subsection and who is a partner, member, or shareholder of an
12entity that is an insurer, as defined in s. 149.10 (5), 2011 stats.
AB40-ASA1,1344dh 13Section 1344dh. 71.07 (5g) (b) of the statutes is amended to read:
AB40-ASA1,736,1914 71.07 (5g) (b) Filing claims. Subject to the limitations provided under this
15subsection, for taxable years beginning after December 31, 2005, and before January
161, 2014,
a claimant may claim as a credit against the taxes imposed under s. 71.02
17an amount that is equal to the amount of the assessment under s. 149.13 , 2011 stats.,
18that the claimant paid in the claimant's taxable year, multiplied by the percentage
19determined under par. (c) 1.
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