SB21-SSA1,758,99e. Sections 171, 172, and 201 to 221 of P.L.
113-295.
SB21-SSA1,758,1010f. Sections 102, 105, and 207 of division B of P.L.
113-295.
SB21-SSA1,758,1311
4. For purposes of this paragraph, the provisions of federal public laws that
12directly or indirectly affect the Internal Revenue Code, as defined in this paragraph,
13apply for Wisconsin purposes at the same time as for federal purposes.
SB21-SSA1,758,17145. For purposes of this paragraph, section
1366 (f) of the Internal Revenue Code
15(relating to pass-through of items to shareholders) is modified by substituting the
16tax under s. 71.35 for the taxes under sections
1374 and
1375 of the Internal Revenue
17Code.
SB21-SSA1,2352
18Section
2352. 71.34 (1k) (g) of the statutes is amended to read:
SB21-SSA1,758,2219
71.34
(1k) (g) An addition shall be made for credits computed by a tax-option
20corporation under s. 71.28
(1dd), (1de), (1di), (1dj), (1dL), (1dm),
(1ds), (1dx), (1dy),
21(3), (3g), (3h), (3n), (3p), (3q), (3r), (3rm), (3rn), (3t), (3w),
(3y), (4), (5), (5e), (5f), (5g),
22(5h), (5i), (5j), (5k), (5r), (5rm), (6n), and (8r) and passed through to shareholders.
SB21-SSA1,2357
23Section
2357. 71.42 (2) (a) of the statutes is repealed.
SB21-SSA1,2358
24Section
2358. 71.42 (2) (g) of the statutes is amended to read:
SB21-SSA1,761,13
171.42
(2) (g) For taxable years that begin after December 31, 2008, and before
2January 1, 2011, "Internal Revenue Code" means the federal Internal Revenue Code
3as amended to December 31, 2008, excluding sections 103, 104, and 110 of P.L.
4102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66,
5sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, sections 1, 3,
64, and 5 of P.L.
106-519, sections 162 and 165 of P.L.
106-554, P.L.
106-573, section
7431 of P.L.
107-16, sections 101 and 301 (a) of P.L.
107-147, sections 106, 201, and
8202 of P.L.
108-27, section 1201 of P.L.
108-173, sections 306, 308, 316, 401, and 403
9(a) of P.L.
108-311, sections 101, 102, 201, 211, 242, 244, 336, 337, 422, 847, 909, and
10910 of P.L.
108-357, P.L.
109-1, sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,
111326, 1328, 1329, 1348, and 1351 of P.L.
109-58, section 11146 of P.L.
109-59, section
12301 of P.L.
109-73, sections 101, 105, 201 (a) as it relates to section 1400S (a), 402
13(e), 403 (e), (j), and (q), and 405 of P.L.
109-135, sections 101, 207, 209, 503, and 513
14of P.L.
109-222, P.L.
109-432, P.L.
110-28, P.L.
110-140, P.L.
110-141, P.L.
110-142,
15P.L.
110-166, P.L.
110-172, P.L.
110-185, P.L.
110-234, sections 110, 113, and 301 of
16P.L.
110-245, P.L.
110-246, except section 15316 of P.L.
110-246, P.L.
110-289,
17except section 3093 of P.L.
110-289, P.L.
110-317, and P.L.
110-343, except section
18301 of division B and section 313 of division C of P.L.
110-343, and as amended by
19sections 1261, 1262, 1401, 1402, 1521, 1522, 1531, and 1541 of division B of P.L.
20111-5, section 301 of P.L.
111-147, P.L.
111-192, section 1601 of P.L.
111-203, section
21215 of P.L.
111-226, section 2112 of P.L.
111-240,
and P.L.
111-325,
and P.L. 113-168, 22and as indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73,
23P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding
24sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66,
25excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66,
1P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding
2sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
104-191,
3P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277,
4P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554, excluding sections 162 and
5165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
107-16,
6P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding sections 101 and
7301 (a) of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276, P.L.
107-358, P.L.
8108-27, excluding sections 106, 201, and 202 of P.L.
108-27, P.L.
108-121, P.L.
9108-173, excluding section 1201 of P.L.
108-173, P.L.
108-203, P.L.
108-218, P.L.
10108-311, excluding sections 306, 308, 316, 401, and 403 (a) of P.L.
108-311, P.L.
11108-357, excluding sections 101, 102, 201, 211, 242, 244, 336, 337, 422, 847, 909, and
12910 of P.L.
108-357, P.L.
108-375, P.L.
108-476, P.L.
109-7, P.L.
109-58, excluding
13sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351
14of P.L.
109-58, P.L.
109-59, excluding section 11146 of P.L.
109-59, P.L.
109-73,
15excluding section 301 of P.L.
109-73, P.L.
109-135, excluding sections 101, 105, 201
16(a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
17109-135, P.L.
109-151, P.L.
109-222, excluding sections 101, 207, 209, 503, and 513
18of P.L.
109-222, P.L.
109-227, P.L.
109-280, P.L.
110-245, excluding sections 110,
19113, and 301 of P.L.
110-245, section 15316 of P.L.
110-246, section 3093 of P.L.
20110-289, section 301 of division B and section 313 of division C of P.L.
110-343, P.L.
21110-351, P.L.
110-458, sections 1261, 1262, 1401, 1402, 1521, 1522, 1531, and 1541
22of division B of P.L.
111-5, section 301 of P.L.
111-147, P.L.
111-192, section 1601 of
23P.L.
111-203, section 215 of P.L.
111-226, section 2112 of P.L.
111-240,
and P.L.
24111-325,
and P.L. 113-168, except that "Internal Revenue Code" does not include
25section 847 of the federal Internal Revenue Code. The Internal Revenue Code
1applies for Wisconsin purposes at the same time as for federal purposes.
2Amendments to the federal Internal Revenue Code enacted after December 31, 2008,
3do not apply to this paragraph with respect to taxable years beginning after
4December 31, 2008, and before January 1, 2011, except that changes to the Internal
5Revenue Code made by sections 1261, 1262, 1401, 1402, 1521, 1522, 1531, and 1541
6of division B of P.L.
111-5, section 301 of P.L.
111-147, P.L.
111-192, section 1601 of
7P.L.
111-203, section 215 of P.L.
111-226, section 2112 of P.L.
111-240,
and P.L.
8111-325,
and P.L. 113-168, and changes that indirectly affect the provisions
9applicable to this subchapter made by sections 1261, 1262, 1401, 1402, 1521, 1522,
101531, and 1541 of division B of P.L.
111-5, section 301 of P.L.
111-147, P.L.
111-192,
11section 1601 of P.L.
111-203, section 215 of P.L.
111-226, section 2112 of P.L.
111-240,
12and P.L.
111-325,
and P.L. 113-168, apply for Wisconsin purposes at the same time
13as for federal purposes.
SB21-SSA1,2359
14Section
2359. 71.42 (2) (h) of the statutes is amended to read:
SB21-SSA1,764,2315
71.42
(2) (h) For taxable years that begin after December 31, 2010, and before
16January 1, 2013, "Internal Revenue Code" means the federal Internal Revenue Code
17as amended to December 31, 2010, excluding sections 103, 104, and 110 of P.L.
18102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66,
19sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, sections 1, 3,
204, and 5 of P.L.
106-519, sections 162 and 165 of P.L.
106-554, P.L.
106-573, section
21431 of P.L.
107-16, sections 101 and 301 (a) of P.L.
107-147, sections 106, 201, and
22202 of P.L.
108-27, section 1201 of P.L.
108-173, sections 306, 308, 316, 401, and 403
23(a) of P.L.
108-311, sections 101, 102, 201, 211, 242, 244, 336, 337, 422, 847, 909, and
24910 of P.L.
108-357, P.L.
109-1, sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,
251326, 1328, 1329, 1348, and 1351 of P.L.
109-58, section 11146 of P.L.
109-59, section
1301 of P.L.
109-73, sections 101, 105, 201 (a) as it relates to section 1400S (a), 402
2(e), 403 (e), (j), and (q), and 405 of P.L.
109-135, sections 101, 207, 503, and 513 of P.L.
3109-222, P.L.
109-432, except sections 117, 406, 409, 410, 412, 417, 418, 424, and 425
4of division A and section 403 of division C of P.L.
109-432, P.L.
110-28, except
5sections 8215, 8231, 8232, 8234, and 8236 of P.L.
110-28, P.L.
110-140, sections 2,
63, and 5 of P.L.
110-142, P.L.
110-166, sections 3 (b) and 11 (b), (e), and (g) of P.L.
7110-172, P.L.
110-185, P.L.
110-234, section 301 of P.L.
110-245, P.L.
110-246,
8except sections 4, 15312, 15313, 15314, 15316, and 15342 of P.L.
110-246, sections
93071, 3081, and 3082 of P.L.
110-289, section 9 (e) of P.L.
110-317, P.L.
110-343,
10except sections 116, 208, 211, and 301 of division B and sections 313 and 504 of
11division C of P.L.
110-343, P.L.
111-5, except sections 1261, 1262, 1401, 1402, 1521,
121522, 1531, and 1541 of division B of P.L.
111-5, section 201 of P.L.
111-147, P.L.
13111-148, except sections 1322, 1515, 9003, 9021, 9022, 10108, 10908, and 10909 of
14P.L.
111-148, P.L.
111-152, except section 1407 of P.L.
111-152, P.L.
111-203, except
15section 1601 of P.L.
111-203, P.L.
111-226, except sections 215 and 217 of P.L.
16111-226, P.L.
111-240, except sections 2014, 2043, 2111, 2112, and 2113 of P.L.
17111-240, and P.L.
111-312, and as amended by section 902 of P.L.
112-240 and by P.L.
18113-168, and as indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
19101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
20excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
21103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
22103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
23excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
24104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
25105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554, excluding sections
1162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
2107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding sections
3101 and 301 (a) of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276, P.L.
4107-358, P.L.
108-27, excluding sections 106, 201, and 202 of P.L.
108-27, P.L.
5108-121, P.L.
108-173, excluding section 1201 of P.L.
108-173, P.L.
108-203, P.L.
6108-218, P.L.
108-311, excluding sections 306, 308, 316, 401, and 403 (a) of P.L.
7108-311, P.L.
108-357, excluding sections 101, 102, 201, 211, 242, 244, 336, 337, 422,
8847, 909, and 910 of P.L.
108-357, P.L.
108-375, P.L.
108-476, P.L.
109-7, P.L.
9109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
101329, 1348, and 1351 of P.L.
109-58, P.L.
109-59, excluding section 11146 of P.L.
11109-59, P.L.
109-73, excluding section 301 of P.L.
109-73, P.L.
109-135, excluding
12sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and
13(q), and 405 of P.L.
109-135, P.L.
109-151, P.L.
109-222, excluding sections 101, 207,
14503, and 513 of P.L.
109-222, P.L.
109-227, P.L.
109-280, sections 117, 406, 409, 410,
15412, 417, 418, 424, and 425 of division A and section 403 of division C of P.L.
109-432,
16sections 8215, 8231, 8232, 8234, and 8236 of P.L.
110-28, P.L.
110-141, P.L.
110-142,
17excluding sections 2, 3, and 5 of P.L.
110-142, P.L.
110-172, excluding sections 3 (b)
18and 11 (b), (e), and (g) of P.L.
110-172, P.L.
110-245, excluding section 301 of P.L.
19110-245, sections 4, 15312, 15313, 15314, 15316, and 15342 of P.L.
110-246, P.L.
20110-289, excluding sections 3071, 3081, and 3082 of P.L.
110-289, P.L.
110-317,
21excluding section 9 (e) of P.L.
110-317, sections 116, 208, 211, and 301 of division B
22and sections 313 and 504 of division C of P.L.
110-343, P.L.
110-351, P.L.
110-458,
23sections 1261, 1262, 1401, 1402, 1521, 1522, 1531, and 1541 of division B of P.L.
24111-5, P.L.
111-92, P.L.
111-147, excluding section 201 of P.L.
111-147, sections
251322, 1515, 9003, 9021, 9022, 10108, 10908, and 10909 of P.L.
111-148, section 1407
1of P.L.
111-152, P.L.
111-192, section 1601 of P.L.
111-203, sections 215 and 217 of
2P.L.
111-226, sections 2014, 2043, 2111, 2112, and 2113 of P.L.
111-240, P.L.
111-325,
3and section 902 of P.L.
112-240,
and P.L. 113-168, except that "Internal Revenue
4Code" does not include section 847 of the federal Internal Revenue Code. The
5Internal Revenue Code applies for Wisconsin purposes at the same time as for federal
6purposes, except that changes made by section 209 of P.L.
109-222, sections 117, 406,
7409, 410, 412, 417, 418, 424, and 425 of division A and section 403 of division C of P.L.
8109-432, sections 8215, 8231, 8232, 8234, and 8236 of P.L.
110-28, P.L.
110-141, P.L.
9110-142, excluding sections 2, 3, and 5 of P.L.
110-142, P.L.
110-172, excluding
10sections 3 (b) and 11 (b), (e), and (g) of P.L.
110-172, sections 110 and 113 of P.L.
11110-245, sections 15312, 15313, 15314, and 15342 of P.L.
110-246, sections 3031,
123032, 3033, 3041, 3051, 3052, 3061, and 3092 of P.L.
110-289, P.L.
110-317,
13excluding section 9 (e) of P.L.
110-317, sections 116, 208, and 211 of division B and
14section 504 of division C of P.L.
110-343, section 14 of P.L.
111-92, sections 531, 532,
15and 533 of P.L.
111-147, sections 10908 and 10909 of P.L.
111-148, and section 2043
16of P.L.
111-240 do not apply for taxable years beginning before January 1, 2011.
17Amendments to the federal Internal Revenue Code enacted after December 31, 2010,
18do not apply to this paragraph with respect to taxable years beginning after
19December 31, 2010, and before January 1, 2013, except that changes to the Internal
20Revenue Code made by section 902 of P.L.
112-240 and by P.L. 113-168, and changes
21that indirectly affect the provisions applicable to this subchapter made by section
22902 of P.L.
112-240 and by P.L. 113-168, apply for Wisconsin purposes at the same
23time as for federal purposes.
SB21-SSA1,2360
24Section
2360. 71.42 (2) (i) of the statutes is amended to read:
SB21-SSA1,768,11
171.42
(2) (i) For taxable years that begin after December 31, 2012,
and before
2January 1, 2014, "Internal Revenue Code" means the federal Internal Revenue Code
3as amended to December 31, 2010, excluding sections 103, 104, and 110 of P.L.
4102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66,
5sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, sections 1, 3,
64, and 5 of P.L.
106-519, sections 162 and 165 of P.L.
106-554, section 431 of P.L.
7107-16, sections 101 and 301 (a) of P.L.
107-147, sections 106, 201, and 202 of P.L.
8108-27, section 1201 of P.L.
108-173, sections 306, 308, 316, 401, and 403 (a) of P.L.
9108-311, sections 101, 102, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
10108-357, P.L.
109-1, sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
111329, 1348, and 1351 of P.L.
109-58, section 11146 of P.L.
109-59, section 301 of P.L.
12109-73, sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),
13(j), and (q), and 405 of P.L.
109-135, sections 101, 207, 503, and 513 of P.L.
109-222,
14P.L.
109-432, except sections 117, 406, 409, 410, 412, 417, 418, 424, and 425 of
15division A and section 403 of division C of P.L.
109-432, P.L.
110-28, except sections
168215, 8231, 8232, 8234, and 8236 of P.L.
110-28, P.L.
110-140, sections 2, 3, and 5
17of P.L.
110-142, P.L.
110-166, sections 3 (b) and 11 (b), (e), and (g) of P.L.
110-172,
18P.L.
110-185, P.L.
110-234, section 301 of P.L.
110-245, P.L.
110-246, except sections
194, 15312, 15313, 15314, 15316, and 15342 of P.L.
110-246, sections 3071, 3081, and
203082 of P.L.
110-289, section 9 (e) of P.L.
110-317, P.L.
110-343, except sections 116,
21208, 211, and 301 of division B and sections 313 and 504 of division C of P.L.
110-343,
22P.L.
111-5, except sections 1261, 1262, 1401, 1402, 1521, 1522, 1531, and 1541 of
23division B of P.L.
111-5, section 201 of P.L.
111-147, P.L.
111-148, except sections
241322, 1515, 9003, 9004, 9005, 9012, 9013, 9014, 9016, 9021, 9022, 10108, 10902,
2510908, and 10909 of P.L.
111-148, P.L.
111-152, except sections 1403 and 1407 of P.L.
1111-152, P.L.
111-203, except section 1601 of P.L.
111-203, P.L.
111-226, except
2sections 215 and 217 of P.L.
111-226, P.L.
111-240, except sections 2014, 2043, 2111,
32112, and 2113 of P.L.
111-240, and P.L.
111-312, and as amended by section 1858
4of P.L.
112-10, section 1108 of P.L.
112-95, sections 40211, 40241, 40242, and 100121
5of P.L.
112-141,
and sections 101 and 902 of P.L.
112-240,
and P.L. 113-168, and as
6indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
7101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections
8103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding
9sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
10103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections
111123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
12104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
13106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554, excluding sections 162 and 165 of
14P.L.
106-554, P.L.
106-573, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
15107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding sections
16101 and 301 (a) of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276, P.L.
17107-358, P.L.
108-27, excluding sections 106, 201, and 202 of P.L.
108-27, P.L.
18108-121, P.L.
108-173, excluding section 1201 of P.L.
108-173, P.L.
108-203, P.L.
19108-218, P.L.
108-311, excluding sections 306, 308, 316, 401, and 403 (a) of P.L.
20108-311, P.L.
108-357, excluding sections 101, 102, 201, 211, 242, 244, 336, 337, 422,
21847, 909, and 910 of P.L.
108-357, P.L.
108-375, P.L.
108-476, P.L.
109-7, P.L.
22109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
231329, 1348, and 1351 of P.L.
109-58, P.L.
109-59, excluding section 11146 of P.L.
24109-59, P.L.
109-73, excluding section 301 of P.L.
109-73, P.L.
109-135, excluding
25sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and
1(q), and 405 of P.L.
109-135, P.L.
109-151, P.L.
109-222, excluding sections 101, 207,
2503, and 513 of P.L.
109-222, P.L.
109-227, P.L.
109-280, sections 117, 406, 409, 410,
3412, 417, 418, 424, and 425 of division A and section 403 of division C of P.L.
109-432,
4sections 8215, 8231, 8232, 8234, and 8236 of P.L.
110-28, P.L.
110-141, P.L.
110-142,
5excluding sections 2, 3, and 5 of P.L.
110-142, P.L.
110-172, excluding sections 3 (b)
6and 11 (b), (e), and (g) of P.L.
110-172, P.L.
110-245, excluding section 301 of P.L.
7110-245, sections 4, 15312, 15313, 15314, 15316, and 15342 of P.L.
110-246, P.L.
8110-289, excluding sections 3071, 3081, and 3082 of P.L.
110-289, P.L.
110-317,
9excluding section 9 (e) of P.L.
110-317, sections 116, 208, 211, and 301 of division B
10and sections 313 and 504 of division C of P.L.
110-343, P.L.
110-351, P.L.
110-458,
11sections 1261, 1262, 1401, 1402, 1521, 1522, 1531, and 1541 of division B of P.L.
12111-5, P.L.
111-92, P.L.
111-147, excluding section 201 of P.L.
111-147, sections
131322, 1515, 9003, 9004, 9005, 9012, 9013, 9014, 9016, 9021, 9022, 10108, 10902,
1410908, and 10909 of P.L.
111-148, sections 1403 and 1407 of P.L.
111-152, P.L.
15111-192, section 1601 of P.L.
111-203, sections 215 and 217 of P.L.
111-226, sections
162014, 2043, 2111, 2112, and 2113 of P.L.
111-240, P.L.
111-325, section 1858 of P.L.
17112-10, section 1108 of P.L.
112-95, sections 40211, 40241, 40242, and 100121 of P.L.
18112-141,
and sections 101 and 902 of P.L.
112-240,
and P.L. 113-168, except that
19"Internal Revenue Code" does not include section 847 of the federal Internal Revenue
20Code. The Internal Revenue Code applies for Wisconsin purposes at the same time
21as for federal purposes, except that changes made by P.L.
106-573, sections 9004,
229005, 9012, 9013, 9014, 9016, and 10902 of P.L.
111-148, sections 1403 and 1407 of
23P.L.
111-152, section 1858 of P.L.
112-10, section 1108 of P.L.
112-95, and sections
2440211, 40241, 40242, and 100121 of P.L.
112-141 do not apply for taxable years
25beginning before January 1, 2013. Amendments to the federal Internal Revenue
1Code enacted after December 31, 2010, do not apply to this paragraph with respect
2to taxable years beginning after December 31, 2010, except that changes to the
3Internal Revenue Code made by section 1858 of P.L.
112-10, section 1108 of P.L.
4112-95, and sections 40211, 40241, 40242, and 100121 of P.L.
112-141, and changes
5that indirectly affect the provisions applicable to this subchapter made by section
61858 of P.L.
112-10, section 1108 of P.L.
112-95, and sections 40211, 40241, 40242,
7and 100121 of P.L.
112-141, do not apply for taxable years beginning before January
81, 2013, and changes to the Internal Revenue Code made by sections 101 and 902 of
9P.L.
112-240 and by P.L. 113-168, and changes that indirectly affect the provisions
10applicable to this subchapter made by sections 101 and 902 of P.L.
112-240 and by
11P.L. 113-168, apply for Wisconsin purposes at the same time as for federal purposes.
SB21-SSA1,2361
12Section
2361. 71.42 (2) (j) of the statutes is created to read:
SB21-SSA1,768,1513
71.42
(2) (j) 1. For taxable years beginning after December 31, 2013, "Internal
14Revenue Code" means the federal Internal Revenue Code as amended to December
1531, 2013, except as provided in subds. 2. to 4. and subject to subd. 5.
SB21-SSA1,769,316
2. For purposes of this paragraph, "Internal Revenue Code" does not include
17the following provisions of federal public laws for taxable years beginning after
18December 31, 2013: section 13113 of P.L
103-66; sections 1, 3, 4, and 5 of P.L.
19106-519; sections 101, 102, and 422 of P.L
108-357; sections 1310 and 1351 of P.L.
20109-58; section 11146 of P.L.
109-59; section 403 (q) of P.L.
109-135; section 513 of
21P.L.
109-222; sections 104 and 307 of P.L.
109-432; sections 8233 and 8235 of P.L.
22110-28; section 11 (e) and (g) of P.L.
110-172; section 301 of P.L.
110-245; sections
2315303 and 15351 of P.L.
110-246; section 302 of division A, section 401 of division B,
24and sections 312, 322, 502 (c), 707, and 801 of division C of P.L.
110-343; sections
251232, 1241, 1251, 1501, and 1502 of division B of P.L.
111-5; sections 211, 212, 213,
1214, and 216 of P.L.
111-226; sections 2011 and 2122 of P.L.
111-240; sections 753,
2754, and 760 of P.L.
111-312; section 1106 of P.L.
112-95; and sections 104, 318, 322,
3323, 324, 326, 327, and 411 of P.L.
112-240.
SB21-SSA1,769,74
3. For purposes of this paragraph, "Internal Revenue Code" does not include
5amendments to the federal Internal Revenue Code enacted after December 31, 2013,
6except that "Internal Revenue Code" includes the provisions of the following federal
7public laws:
SB21-SSA1,769,1111d. Section 302901 of P.L.
113-287.
SB21-SSA1,769,1212e. Sections 171, 172, and 201 to 221 of P.L.
113-295.
SB21-SSA1,769,1313f. Sections 102, 105, and 207 of division B of P.L.
113-295.
SB21-SSA1,769,1514
4. For purposes of this paragraph, "Internal Revenue Code" does not include
15section 847 of the federal Internal Revenue Code.
SB21-SSA1,769,1816
5. For purposes of this paragraph, the provisions of federal public laws that
17directly or indirectly affect the Internal Revenue Code, as defined in this paragraph,
18apply for Wisconsin purposes at the same time as for federal purposes.
SB21-SSA1,2361m
19Section 2361m. 71.45 (1) (b) of the statutes is amended to read:
SB21-SSA1,769,2320
71.45
(1) (b) For taxable years beginning after December 31, 2006
and ending
21before January 1, 2016, the amount of any incentive payment received by an
22individual under s. 23.33 (5r)
, 2013 stats., in the taxable year to which the claim
23relates.
SB21-SSA1,2366d
24Section 2366d. 71.45 (1) (c) of the statutes is amended to read:
SB21-SSA1,770,20
171.45
(1) (c) An amount equal to the increase in the number of full-time
2equivalent employees employed by the taxpayer in this state during the taxable year,
3multiplied by $4,000 for a business with gross receipts of no greater than $5,000,000
4in the taxable year or $2,000 for a business with gross receipts greater than
5$5,000,000 in the taxable year. For purposes of this paragraph, the increase in the
6number of full-time equivalent employees employed by the taxpayer in this state
7during the taxable year is determined by subtracting from the number of full-time
8equivalent employees employed by the taxpayer in this state during the taxable year,
9as determined by computing the average employee count from the taxpayer's
10quarterly unemployment insurance reports or other information as required by the
11department for the taxable year, the number of full-time equivalent employees
12employed by the taxpayer in this state during the immediately preceding taxable
13year, as determined by computing the average employee count from the taxpayer's
14quarterly unemployment insurance reports or other information as required by the
15department for the immediately preceding taxable year. No person may claim a
16deduction under this paragraph if the person may claim a credit under this
17subchapter based on the person relocating the person's business from another state
18to this state and in an amount equal to the person's tax liability.
No person may claim
19a deduction under this paragraph for taxable years beginning after December 31,
202014. The department shall promulgate rules to administer this paragraph.
SB21-SSA1,2367
21Section
2367. 71.45 (2) (a) 10. of the statutes is amended to read:
SB21-SSA1,771,322
71.45
(2) (a) 10. By adding to federal taxable income the amount of credit
23computed under s. 71.47
(1dd) (1dm) to (1dy), (3g), (3h), (3n), (3p), (3q), (3r), (3rm),
24(3rn), (3w),
(3y), (5e), (5f), (5g), (5h), (5i), (5j), (5k), (5r), (5rm), (6n), (8r), and (9s) and
25not passed through by a partnership, limited liability company, or tax-option
1corporation that has added that amount to the partnership's, limited liability
2company's, or tax-option corporation's income under s. 71.21 (4) or 71.34 (1k) (g) and
3the amount of credit computed under s. 71.47 (1), (3), (3t), (4), (4m), and (5).
SB21-SSA1,2368
4Section
2368. 71.45 (2) (a) 11. of the statutes is repealed.
SB21-SSA1,2370
5Section
2370. 71.47 (1dd) of the statutes is repealed.
SB21-SSA1,2371
6Section
2371. 71.47 (1de) of the statutes is repealed.
SB21-SSA1,2372
7Section
2372. 71.47 (1di) of the statutes is repealed.
SB21-SSA1,2373
8Section
2373. 71.47 (1dj) of the statutes is repealed.
SB21-SSA1,2374
9Section
2374. 71.47 (1dL) of the statutes is repealed.
SB21-SSA1,2384
10Section
2384. 71.47 (1ds) of the statutes is repealed.
SB21-SSA1,2386
11Section
2386. 71.47 (1dx) (a) 3. of the statutes is amended to read:
SB21-SSA1,771,1812
71.47
(1dx) (a) 3. "Environmental remediation" means removal or
13containment of environmental pollution, as defined in s. 299.01 (4), and restoration
14of soil or groundwater that is affected by environmental pollution, as defined in s.
15299.01 (4), in a brownfield if that removal, containment or restoration fulfills the
16requirement under sub. (1de) (a) 1.
, 2013 stats., and investigation unless the
17investigation determines that remediation is required and that remediation is not
18undertaken.
SB21-SSA1,2388
19Section
2388. 71.47 (1dx) (a) 5. of the statutes is amended to read:
SB21-SSA1,772,820
71.47
(1dx) (a) 5. "Member of a targeted group" means a person who resides
21in an area designated by the federal government as an economic revitalization area,
22a person who is employed in an unsubsidized job but meets the eligibility
23requirements under s. 49.145 (2) and (3) for a Wisconsin Works employment position,
24a person who is employed in a trial job, as defined in s. 49.141 (1) (n), 2011 stats., or
25in a trial employment match program job, as defined in s. 49.141 (1) (n), a person who
1is eligible for child care assistance under s. 49.155, a person who is a vocational
2rehabilitation referral, an economically disadvantaged youth, an economically
3disadvantaged veteran, a supplemental security income recipient, a general
4assistance recipient, an economically disadvantaged ex-convict, a qualified summer
5youth employee, as defined in
26 USC 51 (d) (7), a dislocated worker, as defined in
629 USC 2801 (9), or a food stamp recipient, if the person has been certified in the
7manner under sub. (1dj) (am) 3.
, 2013 stats., by a designated local agency, as defined
8in sub. (1dj) (am) 2
., 2013 stats.
SB21-SSA1,2392b
9Section 2392b. 71.47 (1dx) (b) 4. of the statutes is amended to read:
SB21-SSA1,772,1610
71.47
(1dx) (b) 4. The amount determined by multiplying the amount
11determined under s. 238.385 (1) (bm) or s. 560.785 (1) (bm), 2009 stats., by the
12number of full-time jobs retained, as provided in the rules under s. 238.385 or s.
13560.785, 2009 stats.,
excluding jobs for which a credit has been claimed under sub.
14(1dj), in an enterprise development zone under s. 238.397 or s. 560.797, 2009 stats.,
15and for which significant capital investment was made and by then subtracting the
16subsidies paid under s. 49.147 (3) (a) for those jobs.
SB21-SSA1,2393b
17Section 2393b. 71.47 (1dx) (b) 5. of the statutes is amended to read:
SB21-SSA1,772,2318
71.47
(1dx) (b) 5. The amount determined by multiplying the amount
19determined under s. 238.385 (1) (c) or s. 560.785 (1) (c), 2009 stats., by the number
20of full-time jobs retained, as provided in the rules under s. 238.385 or s. 560.785,
212009 stats.,
excluding jobs for which a credit has been claimed under sub. (1dj), in
22a development zone and not filled by a member of a targeted group and by then
23subtracting the subsidies paid under s. 49.147 (3) (a) for those jobs.
SB21-SSA1,2398
24Section
2398. 71.47 (1dx) (e) of the statutes is renumbered 71.47 (1dx) (e) 1.
25and amended to read:
SB21-SSA1,773,5
171.47
(1dx) (e) 1. Section 71.28 (4) (e) to (h), as it applies to the credit under
2s. 71.28 (4), applies to the credit under this subsection.
Subsection (1dj) (c), as it
3applies to the credit under sub. (1dj), applies to the credit under this subsection. 4Claimants shall include with their returns a copy of their certification for tax benefits
5and a copy of the department of commerce's verification of their expenses.
SB21-SSA1,2399
6Section
2399. 71.47 (1dx) (e) 2. of the statutes is created to read:
SB21-SSA1,773,157
71.47
(1dx) (e) 2. The credit under this subsection may not be claimed by
8partnerships, limited liability companies and tax-option corporations but the
9eligibility for, and the amount of, that credit shall be determined on the basis of their
10economic activity, not that of their shareholders, partners or members. The
11corporation, partnership or limited liability company shall compute the amount of
12credit that may be claimed by each of its shareholders, partners or members and
13shall provide that information to each of its shareholders, partners or members.
14That credit may be claimed by partners, members of limited liability companies and
15shareholders of tax-option corporations in proportion to their ownership interests.
SB21-SSA1,2432
16Section
2432. 71.47 (3y) of the statutes is created to read:
SB21-SSA1,773,1717
71.47
(3y) Business development credit. (a)
Definitions. In this subsection:
SB21-SSA1,773,1818
1. "Claimant" means a person certified to receive tax benefits under s. 238.308.
SB21-SSA1,773,1919
2. "Eligible employee" has the meaning given in s. 238.308 (1) (a).
SB21-SSA1,773,2220
(b)
Filing claims. Subject to the limitations provided in this subsection and s.
21238.308, for taxable years beginning after December 31, 2015, a claimant may claim
22as a credit against the tax imposed under s. 71.43 all of the following:
SB21-SSA1,773,2523
1. The amount of wages that the claimant paid to an eligible employee in the
24taxable year, not to exceed 10 percent of such wages, as determined by the Wisconsin
25Economic Development Corporation under s. 238.308.
SB21-SSA1,774,5
12. In addition to any amount claimed for an eligible employee under subd. 1.,
2the amount of wages that the claimant paid to the eligible employee in the taxable
3year, not to exceed 5 percent of such wages, if the eligible employee is employed in
4an economically distressed area, as determined by the Wisconsin Economic
5Development Corporation.
SB21-SSA1,774,86
3. The amount of training costs that the claimant incurred under s. 238.308 (4)
7(a) 3., not to exceed 50 percent of such costs, as determined by the Wisconsin
8Economic Development Corporation.
SB21-SSA1,774,129
4. The amount of the personal property investment, not to exceed 3 percent of
10such investment, and the amount of the real property investment, not to exceed 5
11percent of such investment, in a capital investment project that satisfies s. 238.308
12(4) (a) 4., as determined by the Wisconsin Economic Development Corporation.
SB21-SSA1,774,1913
5. An amount, as determined by the Wisconsin Economic Development
14Corporation under s. 238.308 (4) (a) 5., equal to a percentage of the amount of wages
15that the claimant paid to an eligible employee in the taxable year if the position in
16which the eligible employee was employed was created or retained in connection with
17the claimant's location or retention of the claimant's corporate headquarters in
18Wisconsin and the job duties associated with the eligible employee's position involve
19the performance of corporate headquarters functions.
SB21-SSA1,775,220
(c)
Limitations. 1. Partnerships, limited liability companies, and tax-option
21corporations may not claim the credit under this subsection, but the eligibility for,
22and the amount of, the credit are based on their payment of amounts under par. (b).
23A partnership, limited liability company, or tax-option corporation shall compute
24the amount of credit that each of its partners, members, or shareholders may claim
25and shall provide that information to each of them. Partners, members of limited
1liability companies, and shareholders of tax-option corporations may claim the
2credit in proportion to their ownership interests.
SB21-SSA1,775,53
2. No credit may be allowed under this subsection unless the claimant includes
4with the claimant's return a copy of the claimant's certification for tax benefits under
5s. 238.308.
SB21-SSA1,775,76
(d)
Administration. 1. Section 71.28 (4) (e), (g), and (h), as it applies to the
7credit under s. 71.28 (4), applies to the credit under this subsection.
SB21-SSA1,775,128
2. If the allowable amount of the claim under par. (b) exceeds the tax otherwise
9due under s. 71.43, the amount of the claim not used to offset the tax due shall be
10certified by the department of revenue to the department of administration for
11payment by check, share draft, or other draft drawn from the appropriation account
12under s. 20.835 (2) (bg).
SB21-SSA1,2433
13Section
2433. 71.47 (4) (ad) 1. of the statutes is amended to read:
SB21-SSA1,776,414
71.47
(4) (ad) 1. Except as provided in subds. 2. and 3.,
for taxable years
15beginning before January 1, 2015, any corporation may credit against taxes
16otherwise due under this chapter an amount equal to 5 percent of the amount
17obtained by subtracting from the corporation's qualified research expenses, as
18defined in section
41 of the Internal Revenue Code, except that "qualified research
19expenses" includes only expenses incurred by the claimant, incurred for research
20conducted in this state for the taxable year, except that a taxpayer may elect the
21alternative computation under section
41 (c) (4) of the Internal Revenue Code and
22that election applies until the department permits its revocation, except as provided
23in par. (af), and except that "qualified research expenses" does not include
24compensation used in computing the credit under
subs. (1dj) and sub. (1dx), the
25corporation's base amount, as defined in section
41 (c) of the Internal Revenue Code,
1except that gross receipts used in calculating the base amount means gross receipts
2from sales attributable to Wisconsin under s. 71.25 (9) (b) 1. and 2., (df) 1. and 2., (dh)
31., 2., and 3., (dj), and (dk). Section
41 (h) of the Internal Revenue Code does not apply
4to the credit under this paragraph.
SB21-SSA1,2434
5Section
2434. 71.47 (4) (ad) 2. of the statutes is amended to read:
SB21-SSA1,776,236
71.47
(4) (ad) 2. For taxable years beginning after June 30, 2007,
and before
7January 1, 2015, any corporation may credit against taxes otherwise due under this
8chapter an amount equal to 10 percent of the amount obtained by subtracting from
9the corporation's qualified research expenses, as defined in section
41 of the Internal
10Revenue Code, except that "qualified research expenses" includes only expenses
11incurred by the claimant for research related to designing internal combustion
12engines for vehicles, including expenses related to designing vehicles that are
13powered by such engines and improving production processes for such engines and
14vehicles, incurred for research conducted in this state for the taxable year, except
15that a taxpayer may elect the alternative computation under section
41 (c) (4) of the
16Internal Revenue Code and that election applies until the department permits its
17revocation, except as provided in par. (af), and except that "qualified research
18expenses" does not include compensation used in computing the credit under
subs.
19(1dj) and sub. (1dx), the corporation's base amount, as defined in section
41 (c) of the
20Internal Revenue Code, except that gross receipts used in calculating the base
21amount means gross receipts from sales attributable to Wisconsin under s. 71.25 (9)
22(b) 1. and 2., (df) 1. and 2., (dh) 1., 2., and 3., (dj), and (dk). Section
41 (h) of the
23Internal Revenue Code does not apply to the credit under this paragraph.
SB21-SSA1,2435
24Section
2435. 71.47 (4) (ad) 3. of the statutes is amended to read:
SB21-SSA1,777,19
171.47
(4) (ad) 3. For taxable years beginning after June 30, 2007,
and before
2January 1, 2015, any corporation may credit against taxes otherwise due under this
3chapter an amount equal to 10 percent of the amount obtained by subtracting from
4the corporation's qualified research expenses, as defined in section
41 of the Internal
5Revenue Code, except that "qualified research expenses" includes only expenses
6incurred by the claimant for research related to the design and manufacturing of
7energy efficient lighting systems, building automation and control systems, or
8automotive batteries for use in hybrid-electric vehicles, that reduce the demand for
9natural gas or electricity or improve the efficiency of its use, incurred for research
10conducted in this state for the taxable year, except that a taxpayer may elect the
11alternative computation under section
41 (c) (4) of the Internal Revenue Code and
12that election applies until the department permits its revocation, except as provided
13in par. (af), and except that "qualified research expenses" does not include
14compensation used in computing the credit under
subs. (1dj) and sub. (1dx), the
15corporation's base amount, as defined in section
41 (c) of the Internal Revenue Code,
16except that gross receipts used in calculating the base amount means gross receipts
17from sales attributable to Wisconsin under s. 71.25 (9) (b) 1. and 2., (df) 1. and 2., (dh)
181., 2., and 3., (dj), and (dk). Section
41 (h) of the Internal Revenue Code does not apply
19to the credit under this paragraph.
SB21-SSA1,2435d
20Section 2435d. 71.47 (4) (ad) 4. of the statutes is created to read:
SB21-SSA1,778,621
71.47
(4) (ad) 4. a. Except as provided in subds. 5. and 6., for taxable years
22beginning after December 31, 2014, a corporation may claim a credit against the tax
23imposed under s. 71.43, as allocated under par. (d), an amount equal to 5.75 percent
24of the amount by which the corporation's qualified research expenses for the taxable
25year exceed 50 percent of the average qualified research expenses for the 3 taxable
1years immediately preceding the taxable year for which the claimant claims the
2credit. If the corporation had no qualified research expenses in any of the 3 taxable
3years immediately preceding the taxable year for which the claimant claims the
4credit, the claimant may claim an amount equal to 2.875 percent of the corporation's
5qualified research expenses for the taxable year for which the claimant claims the
6credit.
SB21-SSA1,778,137
b. For purposes of subd. 4. a., "qualified research expenses" means qualified
8research expenses as defined in section
41 of the Internal Revenue Code, except that
9"qualified research expenses" includes only expenses incurred by the claimant,
10incurred for research conducted in this state for the taxable year and does not include
11compensation used in computing the credit under sub. (1dx). Section
41 (f) (1), (2),
12(5), and (6) and (h) of the Internal Revenue Code does not apply to the credit under
13this subdivision.
SB21-SSA1,2435e
14Section 2435e. 71.47 (4) (ad) 5. of the statutes is created to read:
SB21-SSA1,778,2415
71.47
(4) (ad) 5. a. For taxable years beginning after December 31, 2014, a
16corporation may claim a credit against the tax imposed under s. 71.43, as allocated
17under par. (d), an amount equal to 11.5 percent of the amount by which the
18corporation's qualified research expenses for the taxable year exceed 50 percent of
19the average qualified research expenses for the 3 taxable years immediately
20preceding the taxable year for which the claimant claims the credit. If the
21corporation had no qualified research expenses in any of the 3 taxable years
22immediately preceding the taxable year for which the claimant claims the credit, the
23claimant may claim an amount equal to 5.75 percent of the corporation's qualified
24research expenses for the taxable year for which the claimant claims the credit.
SB21-SSA1,779,9
1b. For purposes of subd. 5. a., "qualified research expenses" means qualified
2research expenses as defined in section
41 of the Internal Revenue Code, except that
3"qualified research expenses" includes only expenses incurred by the claimant for
4research related to designing internal combustion engines for vehicles, including
5expenses related to designing vehicles that are powered by such engines and
6improving production processes for such engines and vehicles, incurred for research
7conducted in this state for the taxable year and does not include compensation used
8in computing the credit under sub. (1dx). Section
41 (f) (1), (2), (5), and (6) and (h)
9of the Internal Revenue Code does not apply to the credit under this subdivision.
SB21-SSA1,2435f
10Section 2435f. 71.47 (4) (ad) 6. of the statutes is created to read:
SB21-SSA1,779,2011
71.47
(4) (ad) 6. a. For taxable years beginning after December 31, 2014, a
12corporation may claim a credit against the tax imposed under s. 71.43, as allocated
13under par. (d), an amount equal to 11.5 percent of the amount by which the
14corporation's qualified research expenses for the taxable year exceed 50 percent of
15the average qualified research expenses for the 3 taxable years immediately
16preceding the taxable year for which the claimant claims the credit. If the
17corporation had no qualified research expenses in any of the 3 taxable years
18immediately preceding the taxable year for which the claimant claims the credit, the
19claimant may claim an amount equal to 5.75 percent of the corporation's qualified
20research expenses for the taxable year for which the claimant claims the credit.
SB21-SSA1,780,521
b. For purposes of subd. 6. a., "qualified research expenses" means qualified
22research expenses as defined in section
41 of the Internal Revenue Code, except that
23"qualified research expenses" includes only expenses incurred by the claimant for
24research related to the design and manufacturing of energy efficient lighting
25systems, building automation and control systems, or automotive batteries for use
1in hybrid-electric vehicles, that reduce the demand for natural gas or electricity or
2improve the efficiency of its use, incurred for research conducted in this state for the
3taxable year and does not include compensation used in computing the credit under
4sub. (1dx). Section
41 (f) (1), (2), (5), and (6) and (h) of the Internal Revenue Code does
5not apply to the credit under this subdivision.
SB21-SSA1,2435g
6Section 2435g. 71.47 (4) (af) of the statutes is amended to read:
SB21-SSA1,780,117
71.47
(4) (af)
Computation.
If For taxable years beginning before January 1,
82015, if in any taxable year a corporation claims a credit under par. (ad) 1., 2., or 3.,
9or any combination of those credits, the corporation may use a different computation
10method to calculate each of the credits and may choose to change the computation
11method once for each credit without the department's approval.
SB21-SSA1,2436b
12Section 2436b. 71.47 (4) (am) of the statutes is amended to read:
SB21-SSA1,781,1713
71.47
(4) (am)
Development zone additional research credit. In addition to the
14credit under par. (ad), any corporation may credit against taxes otherwise due under
15this chapter an amount equal to 5 percent of the amount obtained by subtracting
16from the corporation's qualified research expenses, as defined in section
41 of the
17Internal Revenue Code, except that "qualified research expenses" include only
18expenses incurred by the claimant in a development zone under subch. II of ch. 238
19or subch. VI of ch. 560, 2009 stats., except that a taxpayer may elect the alternative
20computation under section
41 (c) (4) of the Internal Revenue Code and that election
21applies until the department permits its revocation and except that "qualified
22research expenses"
do does not include
compensation used in computing the credit
23under sub. (1dj) nor research expenses incurred before the claimant is certified for
24tax benefits under s. 238.365 (3) or s. 560.765 (3), 2009 stats.,
or the corporation's
25base amount, as defined in section
41 (c) of the Internal Revenue Code, in a
1development zone, except that gross receipts used in calculating the base amount
2means gross receipts from sales attributable to Wisconsin under s. 71.25 (9) (b) 1. and
32., (df) 1. and 2., (dh) 1., 2., and 3., (dj), and (dk) and research expenses used in
4calculating the base amount include research expenses incurred before the claimant
5is certified for tax benefits under s. 238.365 (3) or s. 560.765 (3), 2009 stats., in a
6development zone, if the claimant submits with the claimant's return a copy of the
7claimant's certification for tax benefits under s. 238.365 (3) or s. 560.765 (3), 2009
8stats., and a statement from the department of commerce or the Wisconsin Economic
9Development Corporation verifying the claimant's qualified research expenses for
10research conducted exclusively in a development zone. The rules under s. 73.03 (35)
11apply to the credit under this paragraph.
The rules under sub. (1di) (f) and (g) as they
12apply to the credit under that subsection apply to claims under this paragraph. 13Section
41 (h) of the Internal Revenue Code does not apply to the credit under this
14paragraph. No credit may be claimed under this paragraph for taxable years that
15begin on January 1, 1998, or thereafter. Credits under this paragraph for taxable
16years that begin before January 1, 1998, may be carried forward to taxable years that
17begin on January 1, 1998, or thereafter.
SB21-SSA1,2437
18Section
2437. 71.47 (4m) (a) of the statutes is amended to read:
SB21-SSA1,781,2419
71.47
(4m) (a)
Definition. In this subsection, "qualified research expenses"
20means qualified research expenses as defined in section
41 of the Internal Revenue
21Code, except that "qualified research expenses" includes only expenses incurred by
22the claimant for research conducted in this state for the taxable year and except that
23"qualified research expenses"
do does not include compensation used in computing
24the
credits credit under
subs. (1dj) and sub. (1dx).
SB21-SSA1,2445d
25Section 2445d. 71.47 (6) (cn) of the statutes is created to read:
SB21-SSA1,782,3
171.47
(6) (cn) For taxable years beginning after December 31, 2014, the
2Wisconsin Economic Development Corporation shall certify a person to claim a credit
3under par. (a) 3. if all of the following applies:
SB21-SSA1,782,54
1. The corporation previously certified the person to claim a credit under par.
5(a) 3. for any taxable year beginning before January 1, 2015.
SB21-SSA1,782,86
2. The proposed project for which the person wishes to claim a credit under this
7paragraph for any taxable year beginning after December 31, 2014, is located in the
8city of Green Bay.
