AB538: Bill Text

AB538,2,2 71.07 (3q) (a) 3m. "Small business" has the meaning given in s. 227.114 (1).

AB538,2 Section 2. 71.07 (3q) (b) 1. of the statutes is amended to read:

AB538,2,8 71.07 (3q) (b) 1. The Except as provided under subd. 1m., the amount of wages that the claimant paid to an eligible employee in the taxable year, not to exceed 10 percent of such wages, as determined by the Wisconsin Economic Development Corporation under s. 238.16 or the department of commerce under s. 560.2055, 2009 stats.

AB538,3 Section 3. 71.07 (3q) (b) 1m. of the statutes is created to read:

AB538,2,14 71.07 (3q) (b) 1m. For taxable years beginning after December 31, 2013, the amount of wages that the claimant paid in the taxable year to an eligible employee employed at the claimant's small business, not to exceed 15 percent of such wages, as determined by the Wisconsin Economic Development Corporation under s. 238.16.

AB538,4 Section 4. 71.07 (3q) (c) 1m. of the statutes is created to read:

AB538,2,18 71.07 (3q) (c) 1m. A claimant who claims the credit under par. (b) 1m. may not claim the credit under par. (b) 1. for wages paid to the same eligible employee in the same taxable year.

AB538,5 Section 5. 71.28 (3q) (a) 3m. of the statutes is created to read:

AB538,2,20 71.28 (3q) (a) 3m. "Small business" has the meaning given in s. 227.114 (1).

AB538,6 Section 6. 71.28 (3q) (b) 1. of the statutes is amended to read:

AB538,3,3 71.28 (3q) (b) 1. The Except as provided under subd. 1m., the amount of wages that the claimant paid to an eligible employee in the taxable year, not to exceed 10 percent of such wages, as determined under s. 238.16 or s. 560.2055, 2009 stats.

AB538,7 Section 7. 71.28 (3q) (b) 1m. of the statutes is created to read:

AB538,3,9 71.28 (3q) (b) 1m. For taxable years beginning after December 31, 2013, the amount of wages that the claimant paid in the taxable year to an eligible employee employed at the claimant's small business, not to exceed 15 percent of such wages, as determined by the Wisconsin Economic Development Corporation under s. 238.16.

AB538,8 Section 8. 71.28 (3q) (c) 1m. of the statutes is created to read:

AB538,3,13 71.28 (3q) (c) 1m. A claimant who claims the credit under par. (b) 1m. may not claim the credit under par. (b) 1. for wages paid to the same eligible employee in the same taxable year.

AB538,9 Section 9. 71.47 (3q) (a) 3m. of the statutes is created to read:

AB538,3,15 71.47 (3q) (a) 3m. "Small business" has the meaning given in s. 227.114 (1).

AB538,10 Section 10. 71.47 (3q) (b) 1. of the statutes is amended to read:

AB538,3,19 71.47 (3q) (b) 1. The Except as provided under subd. 1m., the amount of wages that the claimant paid to an eligible employee in the taxable year, not to exceed 10 percent of such wages, as determined under s. 238.16 or s. 560.2055, 2009 stats.

AB538,11 Section 11. 71.47 (3q) (b) 1m. of the statutes is created to read:

AB538,3,25 71.47 (3q) (b) 1m. For taxable years beginning after December 31, 2013, the amount of wages that the claimant paid in the taxable year to an eligible employee employed at the claimant's small business, not to exceed 15 percent of such wages, as determined by the Wisconsin Economic Development Corporation under s. 238.16.

AB538,12 Section 12. 71.47 (3q) (c) 1m. of the statutes is created to read:

AB538,4,4 71.47 (3q) (c) 1m. A claimant who claims the credit under par. (b) 1m. may not claim the credit under par. (b) 1. for wages paid to the same eligible employee in the same taxable year.

AB538,13 Section 13. 238.16 (1) (cm) of the statutes is created to read:

AB538,4,6 238.16 (1) (cm) "Small business" has the meaning given in s. 227.114 (1).

AB538,14 Section 14. 238.16 (4) (b) 1. (intro.) of the statutes, as affected by 2013 Wisconsin Act 20, is amended to read:

AB538,4,13 238.16 (4) (b) 1. (intro.) The Except as provided under subd. 1m., the corporation may award to a person certified under sub. (2) tax benefits for each eligible employee in an amount equal to up to 10 percent of the wages paid by the person to that employee or $10,000, whichever is less, if that employee earned wages in the year for which the tax benefit is claimed equal to one of the following:

AB538,15 Section 15. 238.16 (4) (b) 1m. of the statutes is created to read:

AB538,4,19 238.16 (4) (b) 1m. The corporation may award to a person certified under sub. (2) tax benefits for each eligible employee employed at the person's small business in an amount equal to up to 15 percent of the wages paid by the person to that employee or $10,000, whichever is less, if that employee earned wages in the year for which the tax benefit is claimed equal to one of the following:

AB538,4,21 a. In a tier I county or municipality, at least the amount determined by multiplying 2,080 by 150 percent of the federal minimum wage.

AB538,4,22 b. In a tier II county or municipality, at least $30,000.

AB538,16 Section 16. 238.16 (4) (d) of the statutes is created to read:

AB538,5,2 238.16 (4) (d) The corporation may not certify a person to receive benefits under both par. (b) 1. and 1m. for wages paid to the same eligible employee in the same year.

AB538,5,3 (End)