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.
AB40-ASA1,1344e
20Section 1344e. 71.07 (5g) (c) 1. of the statutes is amended to read:
AB40-ASA1,737,521
71.07
(5g) (c) 1. The department of revenue, in consultation with the office of
22the commissioner of insurance, shall determine the percentage under par. (b) for
23each claimant for each taxable year. The percentage shall be equal to $5,000,000
24divided by the aggregate assessment under s. 149.13
, 2011 stats. The office of the
25commissioner of insurance shall provide to each claimant that participates in the
1cost of administering the plan the aggregate assessment at the time that it notifies
2the claimant of the claimant's assessment. The aggregate amount of the credit under
3this subsection and ss. 71.28 (5g), 71.47 (5g), and 76.655 for all claimants
4participating in the cost of administering the plan under ch. 149
, 2011 stats., shall
5not exceed $5,000,000 in each fiscal year.
AB40-ASA1,1344em
6Section 1344em. 71.07 (5g) (d) of the statutes is renumbered 71.07 (5g) (d) 1.
AB40-ASA1,1344f
7Section 1344f. 71.07 (5g) (d) 2. of the statutes is created to read:
AB40-ASA1,737,118
71.07
(5g) (d) 2. No credit may be claimed under this subsection for taxable
9years beginning after December 31, 2013. Credits under this subsection for taxable
10years that begin before January 1, 2014, may be carried forward to taxable years that
11begin after December 31, 2013.
AB40-ASA1,1344g
12Section 1344g. 71.07 (5h) (d) 3. of the statutes is created to read:
AB40-ASA1,737,1413
71.07
(5h) (d) 3. No credit may be claimed under this subsection for taxable
14years beginning after December 31, 2013.
AB40-ASA1,1345
15Section
1345. 71.07 (5i) (b) of the statutes is amended to read:
AB40-ASA1,737,2216
71.07
(5i) (b)
Filing claims. Subject to the limitations provided in this
17subsection, for taxable years beginning after December 31, 2011,
and before January
181, 2014, a claimant may claim as a credit against the taxes imposed under ss. 71.02
19and 71.08, up to the amount of those taxes, an amount equal to 50 percent of the
20amount the claimant paid in the taxable year for information technology hardware
21or software that is used to maintain medical records in electronic form, if the
22claimant is a health care provider, as defined in s. 146.81 (1) (a) to (p).
AB40-ASA1,1345b
23Section 1345b. 71.07 (5j) (b) of the statutes is amended to read:
AB40-ASA1,738,824
71.07
(5j) (b)
Filing claims. Subject to the limitations provided in this
25subsection, for taxable years beginning after December 31, 2007, and before January
11,
2018 2014, a claimant may claim as a credit against the taxes imposed under ss.
271.02 and 71.08, up to the amount of the taxes, an amount that is equal to 25 percent
3of the amount that the claimant paid in the taxable year to install or retrofit pumps
4located in this state that dispense motor vehicle fuel marketed as gasoline and 85
5percent ethanol or a higher percentage of ethanol or motor vehicle fuel marketed as
6diesel fuel and 20 percent biodiesel fuel or that mix fuels from separate storage tanks
7and allow the end user to choose the percentage of gasoline replacement renewable
8fuel or diesel replacement renewable fuel in the motor vehicle fuel dispensed.
AB40-ASA1,1345d
9Section 1345d. 71.07 (5j) (d) of the statutes is renumbered 71.07 (5j) (d) 1.
AB40-ASA1,1345e
10Section 1345e. 71.07 (5j) (d) 2. of the statutes is created to read:
AB40-ASA1,738,1411
71.07
(5j) (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-ASA1,1345g
15Section 1345g. 71.07 (5n) (a) 8. g. of the statutes is created to read:
AB40-ASA1,738,1716
71.07
(5n) (a) 8. g. Income from aging natural cheese on behalf of others, as
17described under s. 70.995 (3) (b).
AB40-ASA1,1345h
18Section 1345h. 71.07 (5n) (a) 9. a. of the statutes is amended to read:
AB40-ASA1,738,2219
71.07
(5n) (a) 9. a. Tangible personal property manufactured in whole or in part
20by the claimant on property that is assessed as manufacturing property under s.
2170.995
, not including natural cheese aged on behalf of others, as described under s.
2270.995 (3) (b).
AB40-ASA1,1345hf
23Section 1345hf. 71.07 (5n) (c) of the statutes is renumbered 71.07 (5n) (c) 1.
AB40-ASA1,1345hm
24Section 1345hm. 71.07 (5n) (c) 2. of the statutes is created to read:
AB40-ASA1,739,3
171.07
(5n) (c) 2. The credit under par. (b), including any credits carried over,
2may be offset only against the amount of the tax imposed upon or measured by the
3business operations of the claimant on which the credit is computed.
AB40-ASA1,1345i
4Section 1345i. 71.07 (5n) (c) 3. of the statutes is created to read:
AB40-ASA1,739,75
71.07
(5n) (c) 3. For shareholders of a tax-option corporation, the credit may
6be offset only against the tax imposed on the shareholder's prorated share of the
7tax-option corporation's income.
AB40-ASA1,1345j
8Section 1345j. 71.07 (5n) (c) 4. of the statutes is created to read:
AB40-ASA1,739,109
71.07
(5n) (c) 4. For partners of a partnership, the credit may be offset only
10against the tax imposed on the partner's distributive share of partnership income.
AB40-ASA1,1345k
11Section 1345k. 71.07 (5n) (c) 5. of the statutes is created to read:
AB40-ASA1,739,1412
71.07
(5n) (c) 5. For members of a limited liability company, the credit may be
13offset only against the tax imposed on the member's distributive share of the limited
14liability company's income.
AB40-ASA1,1347b
15Section 1347b. 71.07 (5r) (d) of the statutes is renumbered 71.07 (5r) (d) 1.
AB40-ASA1,1347c
16Section 1347c. 71.07 (5r) (d) 2. of the statutes is created to read:
AB40-ASA1,739,2017
71.07
(5r) (d) 2. No credit may be claimed under this subsection for taxable
18years beginning after December 31, 2013. Credits under this subsection for taxable
19years that begin before January 1, 2014, may be carried forward to taxable years that
20begin after December 31, 2013.
AB40-ASA1,1347d
21Section 1347d. 71.07 (5rm) (b) (intro.) of the statutes is amended to read:
AB40-ASA1,740,222
71.07
(5rm) (b)
Filing claims. (intro.) Subject to the limitations provided in
23this subsection, for taxable years beginning after December 31, 2009, and before
24January 1,
2020 2014, a claimant may claim as a credit against the tax imposed
25under s. 71.02, up to the amount of the tax, the amount determined as follows, except
1that the maximum amount that a claimant may claim in a taxable year under this
2subsection is $300,000:
AB40-ASA1,1347e
3Section 1347e. 71.07 (5rm) (d) of the statutes is renumbered 71.07 (5rm) (d)
41.
AB40-ASA1,1347f
5Section 1347f. 71.07 (5rm) (d) 2. of the statutes is created to read:
AB40-ASA1,740,96
71.07
(5rm) (d) 2. No credit may be claimed under this subsection for taxable
7years beginning after December 31, 2013. Credits under this subsection for taxable
8years that begin before January 1, 2014, may be carried forward to taxable years that
9begin after December 31, 2013.
AB40-ASA1,1348
10Section
1348. 71.07 (6e) (a) 2. d. of the statutes is created to read:
AB40-ASA1,740,1811
71.07
(6e) (a) 2. d. An individual who had served on active duty under
12honorable conditions in the U.S. armed forces or in forces incorporated as part of the
13U.S. armed forces; who was a resident of this state at the time of entry into that active
14service or who had been a resident of this state for any consecutive 5-year period
15after entry into that active duty service; who was a resident of this state at the time
16of his or her death; and following the individual's death, his or her spouse began to
17receive, and continues to receive, dependency and indemnity compensation, as
18defined in
38 USC 101 (14).
AB40-ASA1,1348b
19Section 1348b. 71.07 (6e) (b) of the statutes is amended to read:
AB40-ASA1,741,220
71.07
(6e) (b)
Filing claims. Subject to the limitations provided in this
21subsection, a claimant may claim as a credit against the tax imposed under s. 71.02
22the an amount
of the claimant's property taxes equal to all or part of the claimant's
23property taxes, as calculated under par. (bm). If the allowable amount of the claim
24exceeds the income taxes otherwise due on the claimant's income, the amount of the
25claim not used as an offset against those taxes shall be certified by the department
1of revenue to the department of administration for payment to the claimant by check,
2share draft, or other draft from the appropriation under s. 20.835 (2) (em).
AB40-ASA1,1348be
3Section 1348be. 71.07 (6e) (bm) of the statutes is created to read:
AB40-ASA1,741,64
71.07
(6e) (bm)
Calculation. 1. If the claimant is single and his or her adjusted
5gross income is less than $50,000 in the year to which the claim relates, the amount
6of the claimant's property taxes.
AB40-ASA1,741,97
2. If the claimant is single and his or her adjusted gross income is at least
8$50,000 but less than $100,000 in the year to which the claim relates, an amount that
9is calculated as follows:
AB40-ASA1,741,1210
a. Calculate the value of a fraction, the denominator of which is $50,000 and
11the numerator of which is the difference between the claimant's adjusted gross
12income and $50,000.
AB40-ASA1,741,1313
b. Subtract from 1.0 the amount that is calculated under subd. 2. a.
AB40-ASA1,741,1514
c. Multiply the amount of the claimant's property taxes by the amount that is
15calculated under subd. 2. b.
AB40-ASA1,741,1816
3. If the claimant is filing as a head of household and his or her adjusted gross
17income is less than $60,000 in the year to which the claim relates, the amount of the
18claimant's property taxes.
AB40-ASA1,741,2119
4. If the claimant is filing as a head of household and his or her adjusted gross
20income is at least $60,000 but less than $120,000 in the year to which the claim
21relates, an amount that is calculated as follows:
AB40-ASA1,741,2422
a. Calculate the value of a fraction, the denominator of which is $60,000 and
23the numerator of which is the difference between the claimant's adjusted gross
24income and $60,000.
AB40-ASA1,741,2525
b. Subtract from 1.0 the amount that is calculated under subd. 4. a.
AB40-ASA1,742,2
1c. Multiply the amount of the claimant's property taxes by the amount that is
2calculated under subd. 4. b.
AB40-ASA1,742,63
5. If the claimant is married and filing jointly and the sum of the claimant's
4adjusted gross income and his or her spouse's adjusted gross income is less than
5$75,000 in the year to which the claim relates, the amount of the claimant's property
6taxes.
AB40-ASA1,742,107
6. If the claimant is married and filing jointly and the sum of the claimant's
8adjusted gross income and his or her spouse's adjusted gross income is at least
9$75,000 but less than $150,000 in the year to which the claim relates, an amount that
10is calculated as follows:
AB40-ASA1,742,1311
a. Calculate the value of a fraction, the denominator of which is $75,000 and
12the numerator of which is the difference between the claimant's adjusted gross
13income and $75,000.
AB40-ASA1,742,1414
b. Subtract from 1.0 the amount that is calculated under subd. 6. a.
AB40-ASA1,742,1615
c. Multiply the amount of the claimant's property taxes by the amount that is
16calculated under subd. 6. b.
AB40-ASA1,742,1917
7. If the claimant is married and filing separately and his or her adjusted gross
18income is less than $37,500 in the year to which the claim relates, the amount of the
19claimant's property taxes.
AB40-ASA1,742,2220
8. If the claimant is married and filing separately and his or her adjusted gross
21income is at least $37,500 but less than $75,000 in the year to which the claim relates,
22an amount that is calculated as follows:
AB40-ASA1,742,2523
a. Calculate the value of a fraction, the denominator of which is $37,500 and
24the numerator of which is the difference between the claimant's adjusted gross
25income and $37,500.
AB40-ASA1,743,1
1b. Subtract from 1.0 the amount that is calculated under subd. 8. a.
AB40-ASA1,743,32
c. Multiply the amount of the claimant's property taxes by the amount that is
3calculated under subd. 8. b.
AB40-ASA1,1348bh
4Section 1348bh. 71.07 (6e) (c) 4. of the statutes is created to read:
AB40-ASA1,743,75
71.07
(6e) (c) 4. In making the calculation under par. (bm), the amount of the
6claimant's property taxes that may be used is the lesser of the actual amount of the
7claimant's property taxes or $2,500.
AB40-ASA1,1348bj
8Section 1348bj. 71.07 (6e) (c) 5. of the statutes is created to read:
AB40-ASA1,743,109
71.07
(6e) (c) 5. A claimant may not claim the credit under this subsection if
10any of the following apply:
AB40-ASA1,743,1211
a. The claimant is single and his or her adjusted gross income in the year to
12which his or her claim would relate is at least $100,000.
AB40-ASA1,743,1413
b. The claimant is filing as a head of household and his or her adjusted gross
14income in the year to which his or her claim would relate is at least $120,000.
AB40-ASA1,743,1715
c. The claimant is married and filing jointly and the sum of the claimant's
16adjusted gross income and his or her spouse's adjusted gross income is at least
17$150,000.
AB40-ASA1,743,1918
d. The claimant is married and filing separately and his or her adjusted gross
19income is at least $75,000.
AB40-ASA1,1348bn
20Section 1348bn. 71.07 (6n) (d) of the statutes is renumbered 71.07 (6n) (d) 1.