AB912: Bill Text

For further information see the state fiscal estimate, which will be printed as an appendix to this bill.

The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:

AB912,1 Section 1. 71.07 (5f) (c) 1. of the statutes is amended to read:

AB912,2,4 71.07 (5f) (c) 1. A claimant may not claim a credit under this subsection if less than 35 10 percent of the total budget for the accredited production is spent in this state.

AB912,2 Section 2. 71.07 (5f) (c) 5. of the statutes is amended to read:

AB912,2,8 71.07 (5f) (c) 5. The maximum amount of the credits that may be claimed under this subsection and sub. (5h) and ss. 71.28 (5f) and (5h) and 71.47 (5f) and (5h) in fiscal year is $ 500,000 $5,000,000.

AB912,3 Section 3. 71.07 (5f) (d) 3. of the statutes, as created by 2013 Wisconsin Act 20, is repealed.

AB912,4 Section 4. 71.07 (5h) (c) 4m. of the statutes is amended to read:

AB912,2,14 71.07 (5h) (c) 4m. The maximum amount of the credits that may be claimed under this subsection and sub. (5f) and ss. 71.28 (5f) and (5h) and 71.47 (5f) and (5h) in fiscal year is $500,000 $5,000,000.

AB912,5 Section 5. 71.07 (5h) (d) 3. of the statutes, as created by 2013 Wisconsin Act 20, is repealed.

AB912,6 Section 6. 71.28 (5f) (c) 1. of the statutes is amended to read:

AB912,2,20 71.28 (5f) (c) 1. A claimant may not claim a credit under this subsection if less than 35 10 percent of the total budget for the accredited production is spent in this state.

AB912,7 Section 7. 71.28 (5f) (c) 5. of the statutes is amended to read:

AB912,3,3 71.28 (5f) (c) 5. The maximum amount of the credits that may be claimed under this subsection and sub. (5h) and ss. 71.07 (5f) and (5h) and 71.47 (5f) and (5h) in fiscal year is $500,000 $5,000,000.

AB912,8 Section 8. 71.28 (5f) (d) 3. of the statutes, as created by 2013 Wisconsin Act 20, is repealed.

AB912,9 Section 9. 71.28 (5h) (c) 4m. of the statutes is amended to read:

AB912,3,9 71.28 (5h) (c) 4m. The maximum amount of the credits that may be claimed under this subsection and sub. (5f) and ss. 71.07 (5f) and (5h) and 71.47 (5f) and (5h) in fiscal year is $500,000 $5,000,000.

AB912,10 Section 10. 71.28 (5h) (d) 3. of the statutes, as created by 2013 Wisconsin Act 20, is repealed.

AB912,11 Section 11. 71.47 (5f) (c) 1. of the statutes is amended to read:

AB912,3,15 71.47 (5f) (c) 1. A claimant may not claim a credit under this subsection if less than 35 10 percent of the total budget for the accredited production is spent in this state.

AB912,12 Section 12. 71.47 (5f) (c) 5. of the statutes is amended to read:

AB912,3,19 71.47 (5f) (c) 5. The maximum amount of the credits that may be claimed under this subsection and sub. (5h) and ss. 71.07 (5f) and (5h) and 71.28 (5f) and (5h) in fiscal year is $ 500,000 $5,000,000.

AB912,13 Section 13. 71.47 (5f) (d) 3. of the statutes, as created by 2013 Wisconsin Act 20, is repealed.

AB912,14 Section 14. 71.47 (5h) (c) 4m. of the statutes is amended to read:

AB912,3,25 71.47 (5h) (c) 4m. The maximum amount of the credits that may be claimed under this subsection and sub. (5f) and ss. 71.07 (5f) and (5h) and 71.28 (5f) and (5h) in fiscal year is $ 500,000 $5,000,000.

AB912,15 Section 15. 71.47 (5h) (d) 3. of the statutes, as created by 2013 Wisconsin Act 20, is repealed.

AB912,16 Section 16. Initial applicability.

AB912,4,7 (1) The treatment of sections 71.07 (5f) (c) 1. and 5. and (d) 3. and (5h) (c) 4m. and (d) 3., 71.28 (5f) (c) 1. and 5. and (d) 3. and (5h) (c) 4m. and (d) 3., and 71.47 (5f) (c) 1. and 5. and (d) 3. and (5h) (c) 4m. and (d) 3. of the statutes first applies to taxable years beginning on January 1, 2014.

AB912,4,8 (End)