AB102: Bill Text

AB102,3,18 71.07 (5d) (d) 2m. For taxable years beginning after December 31, 2014, s. 71.28 (4) (e), (g), and (h), as it applies to the credit under s. 71.28 (4), applies to the credit under this subsection.

AB102,9 Section 9. 71.07 (5d) (d) 5. of the statutes is created to read:

AB102,3,25 71.07 (5d) (d) 5. For taxable years beginning after December 31, 2014, if the allowable amount of the claim under par. (b) exceeds the tax otherwise due under s. 71.02 or 71.08, the amount of the claim not used to offset the tax due shall be certified by the department of revenue to the department of administration for payment by check, share draft, or other draft drawn from the appropriation account under s. 20.835 (2) (ba).

AB102,10 Section 10. 71.10 (4) (gwb) of the statutes is amended to read:

AB102,4,3 71.10 (4) (gwb) Early stage seed investment credit under s. 71.07 (5b), except as provided under par. (i).

AB102,11 Section 11. 71.10 (4) (gx) of the statutes is amended to read:

AB102,4,6 71.10 (4) (gx) Angel investment credit under s. 71.07 (5d), except as provided under par. (i).

AB102,12 Section 12. 71.10 (4) (i) of the statutes is amended to read:

AB102,4,21 71.10 (4) (i) The total of claim of right credit under s. 71.07 (1), farmland preservation credit under ss. 71.57 to 71.61, farmland preservation credit, 2010 and beyond under s. 71.613, homestead credit under subch. VIII, farmland tax relief credit under s. 71.07 (3m), dairy manufacturing facility investment credit under s. 71.07 (3p), jobs tax credit under s. 71.07 (3q), meat processing facility investment credit under s. 71.07 (3r), woody biomass harvesting and processing credit under s. 71.07 (3rm), food processing plant and food warehouse investment credit under s. 71.07 (3rn), early stage seed investment credit under s. 71.07 (5b) (d) 4., angel investment credit under s. 71.07 (5d) (d) 5., film production services credit under s. 71.07 (5f), film production company investment credit under s. 71.07 (5h), veterans and surviving spouses property tax credit under s. 71.07 (6e), enterprise zone jobs credit under s. 71.07 (3w), beginning farmer and farm asset owner tax credit under s. 71.07 (8r), earned income tax credit under s. 71.07 (9e), estimated tax payments under s. 71.09, and taxes withheld under subch. X.

AB102,13 Section 13. 71.28 (5b) (d) 1. of the statutes is amended to read:

AB102,4,25 71.28 (5b) (d) 1. Subsection For taxable years beginning before January 1, 2015, sub. (4) (e) to (h), as it applies to the credit under sub. (4), applies to the credit under this subsection.

AB102,14 Section 14. 71.28 (5b) (d) 1m. of the statutes is created to read:

AB102,5,4 71.28 (5b) (d) 1m. For taxable years beginning after December 31, 2014, sub. (4) (e), (g), and (h), as it applies to the credit under sub. (4), applies to the credit under this subsection.

AB102,15 Section 15. 71.28 (5b) (d) 4. of the statutes is created to read:

AB102,5,11 71.28 (5b) (d) 4. For taxable years beginning after December 31, 2014, if the allowable amount of the claim under par. (b) exceeds the tax otherwise due under s. 71.23, the amount of the claim not used to offset the tax due shall be certified by the department of revenue to the department of administration for payment by check, share draft, or other draft drawn from the appropriation account under s. 20.835 (2) (ba).

AB102,16 Section 16. 71.30 (3) (eop) of the statutes is amended to read:

AB102,5,14 71.30 (3) (eop) Early stage seed investment credit under s. 71.28 (5b), except as provided under par. (f).

AB102,17 Section 17. 71.30 (3) (f) of the statutes is amended to read:

AB102,5,25 71.30 (3) (f) The total of farmland preservation credit under subch. IX, farmland tax relief credit under s. 71.28 (2m), dairy manufacturing facility investment credit under s. 71.28 (3p), jobs credit under s. 71.28 (3q), meat processing facility investment credit under s. 71.28 (3r), woody biomass harvesting and processing credit under s. 71.28 (3rm), food processing plant and food warehouse investment credit under s. 71.28 (3rn), enterprise zone jobs credit under s. 71.28 (3w), early stage seed investment credit under s. 71.28 (5b) (d) 4., film production services credit under s. 71.28 (5f), film production company investment credit under s. 71.28 (5h), beginning farmer and farm asset owner tax credit under s. 71.28 (8r), and estimated tax payments under s. 71.29.

AB102,18 Section 18. 71.47 (5b) (d) 1. of the statutes is amended to read:

AB102,6,4 71.47 (5b) (d) 1. Section For taxable years beginning before January 1, 2015, s. 71.28 (4) (e) to (h), as it applies to the credit under s. 71.28 (4), applies to the credit under this subsection.

AB102,19 Section 19. 71.47 (5b) (d) 1m. of the statutes is created to read:

AB102,6,8 71.47 (5b) (d) 1m. For taxable years beginning after December 31, 2014, s. 71.28 (4) (e), (g), and (h), as it applies to the credit under s. 71.28 (4), applies to the credit under this subsection.

AB102,20 Section 20. 71.47 (5b) (d) 4. of the statutes is created to read:

AB102,6,15 71.47 (5b) (d) 4. For taxable years beginning after December 31, 2014, if the allowable amount of the claim under par. (b) exceeds the tax otherwise due under s. 71.43, the amount of the claim not used to offset the tax due shall be certified by the department of revenue to the department of administration for payment by check, share draft, or other draft drawn from the appropriation account under s. 20.835 (2) (ba).

AB102,21 Section 21. 71.49 (1) (eop) of the statutes is amended to read:

AB102,6,18 71.49 (1) (eop) Early stage seed investment credit under s. 71.47 (5b), except as provided under par. (f).

AB102,22 Section 22. 71.49 (1) (f) of the statutes is amended to read:

AB102,7,4 71.49 (1) (f) The total of farmland preservation credit under subch. IX, farmland tax relief credit under s. 71.47 (2m), dairy manufacturing facility investment credit under s. 71.47 (3p), jobs credit under s. 71.47 (3q), meat processing facility investment credit under s. 71.47 (3r), woody biomass harvesting and processing credit under s. 71.47 (3rm), food processing plant and food warehouse investment credit under s. 71.47 (3rn), enterprise zone jobs credit under s. 71.47 (3w), early stage seed investment credit under s. 71.47 (5b) (d) 4., film production services credit under s. 71.47 (5f), film production company investment credit under s. 71.47 (5h), beginning farmer and farm asset owner tax credit under s. 71.47 (8r), and estimated tax payments under s. 71.48.

AB102,7,5 (End)