LRBs0395/1
JK/MES/PG:eev:rs
January 2014 Special Session
2013 - 2014 LEGISLATURE
ASSEMBLY SUBSTITUTE AMENDMENT 1,
TO 2013 SENATE BILL 1
March 18, 2014 - Offered by Representatives Barca,
Pasch, Mason, Jorgensen,
Zamarripa and Hulsey.
SB1-ASA1,2,4
1An Act to repeal 115.436 (2) (a) and (b);
to renumber 38.41 (1) and (2) and 71.05
2(8) (b);
to renumber and amend 38.41 (3) (a), 38.41 (3) (c), 38.41 (3) (d) and
338.41 (4);
to consolidate, renumber and amend 115.436 (2) (intro.) and (c);
4to amend 20.292 (1) (eh), 20.292 (1) (f), 38.41 (title), 71.05 (6) (b) 47. am., 71.05
5(6) (b) 47. b., 71.05 (6) (b) 47. c., 71.06 (1q) (a), 71.06 (2) (i) 1., 71.06 (2) (j) 1., 71.28
6(9s) (d) 3., 71.47 (9s) (d) 3., 71.52 (6), 77.54 (61) (intro.), (a) and (b), 79.15,
7115.436 (3) (a) and 238.16 (3) (intro.);
to repeal and recreate 38.41 (1m) (c)
81.; and
to create 20.292 (1) (ej), 38.41 (1m) (title), 38.41 (2m), 71.05 (6) (b) 47.
9dm., 71.05 (8) (b) 2., 71.05 (8) (c), 71.07 (5i) (c) 3., 71.28 (5i) (c) 3., 71.47 (5i) (c)
103., 71.64 (9) (b) 3., 77.54 (61) (c) and 115.436 (3) (am) of the statutes;
relating
11to: reducing the lowest individual income tax rate; providing high-demand
12profession grants to technical college districts; increasing the amount of the
13first-dollar credit; the carry-back of net operating losses; reducing the
1authority of the Department of Revenue to adjust the withholding tables; the
2sales and use tax exemption for commercial printing; the jobs tax credit; the
3electronic medical records credit; the relocated business credit; and making
4appropriations.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
SB1-ASA1,1
5Section
1. 20.005 (3) (schedule) of the statutes: at the appropriate place, insert
6the following amounts for the purposes indicated:
-
See PDF for table ![PDF](http://docs.legis.wisconsin.gov/assets/image/file_acrobat.gif)
SB1-ASA1,2
7Section
2. 20.292 (1) (eh) of the statutes is amended to read:
SB1-ASA1,2,98
20.292
(1) (eh)
Training program Business skills training grants. Biennially,
9the amounts in the schedule for grants under s. 38.41
(1m).
SB1-ASA1,3
10Section
3. 20.292 (1) (ej) of the statutes is created to read:
SB1-ASA1,2,1211
20.292
(1) (ej)
High-demand profession grants. As a continuing appropriation,
12the amounts in the schedule for making grants under s. 38.41 (2m).
SB1-ASA1,2,1815
20.292
(1) (f)
Grants to district boards. As a continuing appropriation, the
16amounts in the schedule for aids and grants to technical college districts under ss.
1738.04 (13) (a), (20), (28), and (32) (a), 38.26, 38.27, 38.272, 38.28 (4), 38.29, 38.32,
1838.33, 38.38, 38.40 (4m), and 38.41
(1m).
SB1-ASA1,5
1Section
5. 38.41 (title) of the statutes is amended to read:
SB1-ASA1,3,2
238.41 (title)
Training program grants.
SB1-ASA1,6
3Section
6. 38.41 (1) and (2) of the statutes are renumbered 38.41 (1m) (a) and
4(b).
SB1-ASA1,7
5Section
7. 38.41 (1m) (title) of the statutes is created to read:
SB1-ASA1,3,66
38.41
(1m) (title)
Business skills training.
SB1-ASA1,3,109
38.41
(1m) (c) 1. Amounts awarded under this subsection shall be paid from
10the appropriation under s. 20.292 (1) (f).
SB1-ASA1,9
11Section
9. 38.41 (2m) of the statutes is created to read:
SB1-ASA1,3,1612
38.41
(2m) High-demand professions. From the appropriation under s. 20.292
13(1) (ej), the board shall award grants to district boards for training for high-demand
14professions, as determined by the board. In determining what constitute
15high-demand professions, the board shall consider the determinations regarding
16high-demand fields under s. 38.28 (2) (be) 1. b.
SB1-ASA1,10
17Section
10. 38.41 (3) (a) of the statutes is renumbered 38.41 (1m) (c) 1. and
18amended to read:
SB1-ASA1,3,2019
38.41
(1m) (c) 1. The board shall award grants under this
section subsection 20from the appropriation under s. 20.292 (1) (eh).
SB1-ASA1,11
21Section
11. 38.41 (3) (c) of the statutes is renumbered 38.41 (1m) (c) 2. and
22amended to read:
SB1-ASA1,3,2423
38.41
(1m) (c) 2. The board may award no more than $500,000 in any fiscal year
24under
sub. (2) par. (b).
SB1-ASA1,12
1Section
12. 38.41 (3) (d) of the statutes is renumbered 38.41 (1m) (c) 3. and
2amended to read:
SB1-ASA1,4,63
38.41
(1m) (c) 3. Beginning in the 2008-09 school year, the board shall award
4at least $1,000,000 annually under
sub. (1) par. (a) for training in advanced
5manufacturing skills, and beginning in the 2010-11 school year, the board shall
6award at least $2,000,000 annually under
sub. (1)
par. (a) for such training.
SB1-ASA1,13
7Section
13. 38.41 (4) of the statutes is renumbered 38.41 (1m) (d) and amended
8to read:
SB1-ASA1,4,109
38.41
(1m) (d) The board shall promulgate rules to implement and administer
10this
section subsection.
SB1-ASA1,4,2113
71.05
(6) (b) 47. am. For taxable years beginning after December 31, 2010, and
14before January 1, 2014, for 2 consecutive taxable years beginning with the taxable
15year in which the claimant's business locates to this state from another state or
16another country and begins doing business in this state, as defined in s. 71.22 (1r),
17and subject to the limitations provided under subd. 47. d.
, dm., and e., the profit or
18loss from a trade or business as reported on federal income tax return schedules C
19and F or their equivalents, plus ordinary gain or loss on the sale of business assets,
20as determined under s. 71.01 (6), but not less than zero, multiplied by the
21apportionment fraction determined in s. 71.04 (4) and subject to s. 71.04 (7).
SB1-ASA1,5,1924
71.05
(6) (b) 47. b. With respect to partners and members of limited liability
25companies, for taxable years beginning after December 31, 2010, and before January
11, 2014, for 2 consecutive taxable years beginning with the taxable year in which the
2partnership's or limited liability company's business locates to this state from
3another state or another country and begins doing business in this state, as defined
4in s. 71.22 (1r), and subject to the limitations provided under subd. 47. d.
, dm., and
5e., the partner's or member's distributive share of taxable income as calculated under
6section
703 of the Internal Revenue Code; plus the items of income and gain under
7section
702 of the Internal Revenue Code, including taxable state and municipal
8bond interest and excluding nontaxable interest income or dividend income from
9federal government obligations; minus the items of loss and deduction under section
10756702 702 of the Internal Revenue Code, except items that are not deductible under
11s. 71.21; plus guaranteed payments to partners under section
707 (c) of the Internal
12Revenue Code; plus the credits claimed under s. 71.07 (2dd), (2de), (2di), (2dj), (2dL),
13(2dm), (2dr), (2ds), (2dx), (2dy), (3g), (3h), (3n), (3p), (3q), (3r), (3rm), (3rn), (3s), (3t),
14(3w), (5e), (5f), (5g), (5h), (5i), (5j), (5k), (5r), (5rm), and (8r); and plus or minus, as
15appropriate, transitional adjustments, depreciation differences, and basis
16differences under s. 71.05 (13), (15), (16), (17), and (19), multiplied by the
17apportionment fraction determined in s. 71.04 (4) and subject to s. 71.04 (7) or by
18separate accounting. No amounts subtracted under this subd. 47. b. may be included
19in the modification under par. (b) 9. or 9m.
SB1-ASA1,6,722
71.05
(6) (b) 47. c. With respect to shareholders of a tax-option corporation, for
23taxable years beginning after December 31, 2010, and before January 1, 2014, for 2
24consecutive taxable years beginning with the taxable year in which the tax-option
25corporation's business locates to this state from another state or another country and
1begins doing business in this state, as defined in s. 71.22 (1r), and subject to the
2limitations provided under subd. 47. d.
, dm., and e., the shareholder's distributive
3share of the entity's net income or loss as determined under this chapter, including
4interest income from federal, state, and municipal government obligations,
5multiplied by the apportionment fraction determined in s. 71.25 (6m) and subject to
6s. 71.25 (9) or by separate accounting. No amounts subtracted under this subdivision
7may be included in the modification under par. (b) 9. or 9m.
SB1-ASA1,17
8Section
17. 71.05 (6) (b) 47. dm. of the statutes is created to read:
SB1-ASA1,6,139
71.05
(6) (b) 47. dm. No person may claim a deduction under this subdivision
10for taxable years beginning after December 31, 2013, except that a claimant who is
11first eligible to claim a deduction under this subdivision for a taxable year beginning
12after December 31, 2012, and before January 1, 2014, may claim the deduction the
13following taxable year.
SB1-ASA1,19
16Section
19. 71.05 (8) (b) 2. of the statutes is created to read:
SB1-ASA1,6,2017
71.05
(8) (b) 2. The taxpayer need not make the offset against Wisconsin
18modified taxable income of the 2 years preceding the loss, as provided under subd.
191., if the taxpayer chooses not to carry back the net operating loss to the 2 years
20preceding the loss.
SB1-ASA1,20
21Section
20. 71.05 (8) (c) of the statutes is created to read:
SB1-ASA1,6,2322
71.05
(8) (c) The department shall not pay interest on any overpayment that
23results from the carry-back of a net operating loss.
SB1-ASA1,7,2
171.06
(1q) (a) On all taxable income from $0 to $7,500, 4.40 percent
, except that
2for taxable years beginning after December 31, 2013, 4.0 percent.
SB1-ASA1,7,65
71.06
(2) (i) 1. On all taxable income from $0 to $10,000, 4.40 percent
, except
6that for taxable years beginning after December 31, 2013, 4.0 percent.
SB1-ASA1,7,109
71.06
(2) (j) 1. On all taxable income from $0 to $5,000, 4.40 percent
, except that
10for taxable years beginning after December 31, 2013, 4.0 percent.
SB1-ASA1,24
11Section
24. 71.07 (5i) (c) 3. of the statutes is created to read:
SB1-ASA1,7,1312
71.07
(5i) (c) 3. No credit may be claimed under this subsection based on an
13amount paid under par. (b) after December 31, 2013.
SB1-ASA1,25
14Section
25. 71.28 (5i) (c) 3. of the statutes is created to read:
SB1-ASA1,7,1615
71.28
(5i) (c) 3. No credit may be claimed under this subsection based on an
16amount paid under par. (b) after December 31, 2013.
SB1-ASA1,7,2419
71.28
(9s) (d) 3. No credit may be claimed under this subsection for taxable
20years beginning after December 31, 2013
. Credits under this subsection for taxable
21years that begin before January 1, 2014, may be carried forward to taxable years that
22begin after December 31, 2013, except that a claimant who is first eligible to claim
23a credit under this subsection for taxable years beginning after December 31, 2012,
24and before January 1, 2014, may claim the credit in the following taxable year.
SB1-ASA1,27
25Section
27. 71.47 (5i) (c) 3. of the statutes is created to read:
SB1-ASA1,8,2
171.47
(5i) (c) 3. No credit may be claimed under this subsection based on an
2amount paid under par. (b) after December 31, 2013.
SB1-ASA1,8,105
71.47
(9s) (d) 3. No credit may be claimed under this subsection for taxable
6years beginning after December 31, 2013
. Credits under this subsection for taxable
7years that begin before January 1, 2014, may be carried forward to taxable years that
8begin after December 31, 2013, except that a claimant who is first eligible to claim
9a credit under this subsection for taxable years beginning after December 31, 2012,
10and before January 1, 2014, may claim the credit in the following taxable year.
SB1-ASA1,29
11Section
29. 71.52 (6) of the statutes is amended to read: