SB148,53,1613
71.07
(3q) (b) 2. The amount of the costs incurred by the claimant in the taxable
14year, as determined under
s. 235.16 or s. 238.16
, 2013 stats., or s. 560.2055, 2009
15stats., to undertake the training activities described under
s. 235.16 (3) (c) or s.
16238.16 (3) (c)
, 2013 stats., or s. 560.2055 (3) (c), 2009 stats.
SB148,150
17Section
150. 71.07 (3q) (c) 2. of the statutes is amended to read:
SB148,53,2118
71.07
(3q) (c) 2. No credit may be allowed under this subsection unless the
19claimant includes with the claimant's return a copy of the claimant's certification for
20tax benefits under
s. 235.16 (2) or s. 238.16 (2)
, 2013 stats., or s. 560.2055 (2), 2009
21stats.
SB148,151
22Section
151. 71.07 (3q) (c) 3. of the statutes is amended to read:
SB148,54,223
71.07
(3q) (c) 3. The maximum amount of credits that may be awarded under
24this subsection and ss. 71.28 (3q) and 71.47 (3q) for the period beginning on January
251, 2010, and ending on June 30, 2013, is $14,500,000, not including the amount of
1any credits reallocated under s. 238.15 (3) (d)
, 2013 stats., or s. 560.205 (3) (d), 2009
2stats.
SB148,152
3Section
152. 71.07 (3w) (a) 2. of the statutes is amended to read:
SB148,54,64
71.07
(3w) (a) 2. "Claimant" means a person who is certified to claim tax
5benefits under
s. 235.399 (5) or s. 238.399 (5)
, 2013 stats., or s. 560.799 (5), 2009
6stats., and who files a claim under this subsection.
SB148,153
7Section
153. 71.07 (3w) (a) 3. of the statutes is amended to read:
SB148,54,108
71.07
(3w) (a) 3. "Full-time employee" means a full-time employee, as defined
9in
s. 235.399 (1) (am) or s. 238.399 (1) (am)
, 2013 stats., or s. 560.799 (1) (am), 2009
10stats.
SB148,154
11Section
154. 71.07 (3w) (a) 4. of the statutes is amended to read:
SB148,54,1312
71.07
(3w) (a) 4. "Enterprise zone" means a zone designated under
s. 235.399
13or s. 238.399
, 2013 stats., or s. 560.799, 2009 stats.
SB148,155
14Section
155. 71.07 (3w) (a) 5d. of the statutes is amended to read:
SB148,54,1715
71.07
(3w) (a) 5d. "Tier I county or municipality" means a tier I county or
16municipality, as determined under
s. 235.399 or s. 238.399
, 2013 stats., or s. 560.799,
172009 stats.
SB148,156
18Section
156. 71.07 (3w) (a) 5e. of the statutes is amended to read:
SB148,54,2119
71.07
(3w) (a) 5e. "Tier II county or municipality" means a tier II county or
20municipality, as determined under
s. 235.399 or s. 238.399
, 2013 stats., or s. 560.799,
212009 stats.
SB148,157
22Section
157. 71.07 (3w) (b) (intro.) of the statutes is amended to read:
SB148,55,223
71.07
(3w) (b)
Filing claims; payroll. (intro.) Subject to the limitations
24provided in this subsection and
s. 235.399 or s. 238.399
, 2013 stats., or s. 560.799,
12009 stats., a claimant may claim as a credit against the tax imposed under s. 71.02
2or 71.08 an amount calculated as follows:
SB148,158
3Section
158. 71.07 (3w) (b) 5. of the statutes is amended to read:
SB148,55,64
71.07
(3w) (b) 5. Multiply the amount determined under subd. 4. by the
5percentage determined by under
s. 235.399 or s. 238.399
, 2013 stats., or s. 560.799,
62009 stats., not to exceed 7 percent.
SB148,159
7Section
159. 71.07 (3w) (bm) 1. of the statutes is amended to read:
SB148,55,188
71.07
(3w) (bm) 1. In addition to the credits under par. (b) and subds. 2., 3., and
94., and subject to the limitations provided in this subsection and
s. 235.399 or s.
10238.399
, 2013 stats., or s. 560.799, 2009 stats., a claimant may claim as a credit
11against the tax imposed under s. 71.02 or 71.08 an amount equal to a percentage, as
12determined under
s. 235.399 or s. 238.399
, 2013 stats., or s. 560.799, 2009 stats., not
13to exceed 100 percent, of the amount the claimant paid in the taxable year to upgrade
14or improve the job-related skills of any of the claimant's full-time employees, to train
15any of the claimant's full-time employees on the use of job-related new technologies,
16or to provide job-related training to any full-time employee whose employment with
17the claimant represents the employee's first full-time job. This subdivision does not
18apply to employees who do not work in an enterprise zone.
SB148,160
19Section
160. 71.07 (3w) (bm) 2. of the statutes is amended to read:
SB148,56,920
71.07
(3w) (bm) 2. In addition to the credits under par. (b) and subds. 1., 3., and
214., and subject to the limitations provided in this subsection and
s. 235.399 or s.
22238.399
, 2013 stats., or s. 560.799, 2009 stats., a claimant may claim as a credit
23against the tax imposed under s. 71.02 or 71.08 an amount equal to the percentage,
24as determined under
s. 235.399 or s. 238.399
, 2013 stats., or s. 560.799, 2009 stats.,
25not to exceed 7 percent, of the claimant's zone payroll paid in the taxable year to all
1of the claimant's full-time employees whose annual wages are greater than the
2amount determined by multiplying 2,080 by 150 percent of the federal minimum
3wage in a tier I county or municipality, not including the wages paid to the employees
4determined under par. (b) 1., or greater than $30,000 in a tier II county or
5municipality, not including the wages paid to the employees determined under par.
6(b) 1., and who the claimant employed in the enterprise zone in the taxable year, if
7the total number of such employees is equal to or greater than the total number of
8such employees in the base year. A claimant may claim a credit under this
9subdivision for no more than 5 consecutive taxable years.
SB148,161
10Section
161. 71.07 (3w) (bm) 3. of the statutes is amended to read:
SB148,56,1711
71.07
(3w) (bm) 3. In addition to the credits under par. (b) and subds. 1., 2., and
124., and subject to the limitations provided in this subsection and
s. 235.399 or s.
13238.399
, 2013 stats., or s. 560.799, 2009 stats., for taxable years beginning after
14December 31, 2008, a claimant may claim as a credit against the tax imposed under
15s. 71.02 or 71.08 up to 10 percent of the claimant's significant capital expenditures,
16as determined under
s. 235.399 (5m) or s. 238.399 (5m)
, 2013 stats., or s. 560.799
17(5m), 2009 stats.
SB148,162
18Section
162. 71.07 (3w) (bm) 4. of the statutes is amended to read:
SB148,57,319
71.07
(3w) (bm) 4. In addition to the credits under par. (b) and subds. 1., 2., and
203., and subject to the limitations provided in this subsection and
s. 235.399 or s.
21238.399
, 2013 stats., or s. 560.799, 2009 stats., for taxable years beginning after
22December 31, 2009, a claimant may claim as a credit against the tax imposed under
23s. 71.02 or 71.08, up to 1 percent of the amount that the claimant paid in the taxable
24year to purchase tangible personal property, items, property, or goods under s. 77.52
25(1) (b), (c), or (d), or services from Wisconsin vendors, as determined under
s. 235.399
1(5) (e) or s. 238.399 (5) (e)
, 2013 stats., or s. 560.799 (5) (e), 2009 stats., except that
2the claimant may not claim the credit under this subdivision and subd. 3. for the
3same expenditures.
SB148,163
4Section
163. 71.07 (3w) (c) 3. of the statutes is amended to read:
SB148,57,85
71.07
(3w) (c) 3. No credit may be allowed under this subsection unless the
6claimant includes with the claimant's return a copy of the claimant's certification for
7tax benefits under
s. 235.399 (5) or (5m) or s. 238.399 (5) or (5m)
, 2013 stats., or s.
8560.799 (5) or (5m), 2009 stats.
SB148,164
9Section
164. 71.07 (3w) (d) of the statutes is amended to read:
SB148,57,1510
71.07
(3w) (d)
Administration. Section 71.28 (4) (g) and (h), as it applies to the
11credit under s. 71.28 (4), applies to the credit under this subsection. Claimants shall
12include with their returns a copy of their certification for tax benefits, and a copy of
13the verification of their expenses, from the department of commerce or the Wisconsin
14Economic Development Corporation
or the Forward Wisconsin Development
15Authority.
SB148,165
16Section
165. 71.07 (5b) (a) 2. of the statutes is amended to read:
SB148,57,1817
71.07
(5b) (a) 2. "Fund manager" means an investment fund manager certified
18under
s. 235.15 (2) or s. 238.15 (2)
, 2013 stats., or s. 560.205 (2), 2009 stats.
SB148,166
19Section
166. 71.07 (5b) (b) 1. of the statutes is amended to read:
SB148,58,220
71.07
(5b) (b) 1. For taxable years beginning after December 31, 2004, subject
21to the limitations provided under this subsection and
s. 235.15 or s. 238.15
, 2013
22stats., or s. 560.205, 2009 stats., and except as provided in subd. 2., a claimant may
23claim as a credit against the tax imposed under ss. 71.02 and 71.08, up to the amount
24of those taxes, 25 percent of the claimant's investment paid to a fund manager that
1the fund manager invests in a business certified under
s. 235.15 or s. 238.15 (1)
, 2013
2stats., or s. 560.205 (1), 2009 stats.
SB148,167
3Section
167. 71.07 (5b) (b) 2. of the statutes is amended to read:
SB148,58,124
71.07
(5b) (b) 2. In the case of a partnership, limited liability company, or
5tax-option corporation, the computation of the 25 percent limitation under subd. 1.
6shall be determined at the entity level rather than the claimant level and may be
7allocated among the claimants who make investments in the manner set forth in the
8entity's organizational documents. The entity shall provide to the department of
9revenue and to the
department of commerce or the Wisconsin Economic
10Development Corporation Forward Wisconsin Development Authority the names
11and tax identification numbers of the claimants, the amounts of the credits allocated
12to the claimants, and the computation of the allocations.
SB148,168
13Section
168. 71.07 (5b) (d) 3. of the statutes is amended to read:
SB148,58,1814
71.07
(5b) (d) 3. Except as provided under s.
238.15 235.15 (3) (d) (intro.), for
15investments made after December 31, 2007, if an investment for which a claimant
16claims a credit under par. (b) is held by the claimant for less than 3 years, the
17claimant shall pay to the department, in the manner prescribed by the department,
18the amount of the credit that the claimant received related to the investment.
SB148,169
19Section
169. 71.07 (5d) (a) 1. (intro.) of the statutes is amended to read:
SB148,58,2220
71.07
(5d) (a) 1. (intro.) "Bona fide angel investment" means a purchase of an
21equity interest, or any other expenditure, as determined
by rule under
s. 235.15 or 22s. 238.15
, 2013 stats., or s. 560.205, 2009 stats., that is made by any of the following:
SB148,170
23Section
170. 71.07 (5d) (a) 2m. of the statutes is amended to read:
SB148,59,224
71.07
(5d) (a) 2m. "Person" means a partnership or limited liability company
25that is a nonoperating entity, as determined by the
department of commerce or the
1Wisconsin Economic Development Corporation Forward Wisconsin Development
2Authority, a natural person, or fiduciary.
SB148,171
3Section
171. 71.07 (5d) (a) 3. of the statutes is amended to read:
SB148,59,54
71.07
(5d) (a) 3. "Qualified new business venture" means a business that is
5certified under
s. 235.15 (1) or s. 238.15 (1)
, 2013 stats., or s. 560.205 (1), 2009 stats.
SB148,172
6Section
172. 71.07 (5d) (b) (intro.) of the statutes is amended to read:
SB148,59,107
71.07
(5d) (b)
Filing claims. (intro.) Subject to the limitations provided in this
8subsection and in
s. 235.15 or s. 238.15
, 2013 stats., or s. 560.205, 2009 stats., a
9claimant may claim as a credit against the tax imposed under s. 71.02 or 71.08, up
10to the amount of those taxes, the following:
SB148,173
11Section
173. 71.07 (5d) (b) 1. of the statutes is amended to read:
SB148,59,1712
71.07
(5d) (b) 1. For taxable years beginning before January 1, 2008, in each
13taxable year for 2 consecutive years, beginning with the taxable year as certified by
14the department of commerce
or, the Wisconsin Economic Development Corporation
,
15or the Forward Wisconsin Development Authority, an amount equal to 12.5 percent
16of the claimant's bona fide angel investment made directly in a qualified new
17business venture.
SB148,174
18Section
174. 71.07 (5d) (b) 2. of the statutes is amended to read:
SB148,59,2319
71.07
(5d) (b) 2. For taxable years beginning after December 31, 2007, for the
20taxable year certified by the department of commerce
or
, the Wisconsin Economic
21Development Corporation
, or the Forward Wisconsin Development Authority, an
22amount equal to 25 percent of the claimant's bona fide angel investment made
23directly in a qualified new business venture.
SB148,175
24Section
175. 71.07 (5d) (c) 2. of the statutes is amended to read:
SB148,60,5
171.07
(5d) (c) 2. For taxable years beginning before January 1, 2008, the
2maximum amount of a claimant's investment that may be used as the basis for a
3credit under this subsection is $2,000,000 for each investment made directly in a
4business certified under
s. 235.15 (1) or s. 238.15 (1)
, 2013 stats., or s. 560.205 (1),
52009 stats.
SB148,176
6Section
176. 71.07 (5d) (d) 1. of the statutes is amended to read:
SB148,60,117
71.07
(5d) (d) 1. Except as provided under s.
238.15 235.15 (3) (d) (intro.), for
8investments made after December 31, 2007, if an investment for which a claimant
9claims a credit under par. (b) is held by the claimant for less than 3 years, the
10claimant shall pay to the department, in the manner prescribed by the department,
11the amount of the credit that the claimant received related to the investment.
SB148,177
12Section
177. 71.07 (9m) (c) (intro.) of the statutes is amended to read:
SB148,60,1713
71.07
(9m) (c) (intro.) No person may claim the credit under par. (a) 2m. unless
14the claimant includes with the claimant's return a copy of the claimant's certification
15under s.
238.17 235.17. For certification purposes under s.
238.17 235.17, the
16claimant shall provide to the
Wisconsin Economic Development Corporation 17Forward Wisconsin Development Authority all of the following:
SB148,178
18Section
178. 71.26 (1) (be) of the statutes is amended to read:
SB148,60,2219
71.26
(1) (be)
Certain authorities. Income of the University of Wisconsin
20Hospitals and Clinics Authority, of the Fox River Navigational System Authority, of
21the
Wisconsin Economic Development Corporation Forward Wisconsin
22Development Authority, and of the Wisconsin Aerospace Authority.
SB148,179
23Section
179. 71.26 (1m) (e) of the statutes is amended to read:
SB148,61,3
171.26
(1m) (e) Those issued under s. 234.65
, 2013 stats., to fund an economic
2development loan to finance construction, renovation or development of property
3that would be exempt under s. 70.11 (36).
SB148,180
4Section
180. 71.26 (1m) (em) of the statutes is amended to read:
SB148,61,85
71.26
(1m) (em) Those issued under s. 234.08
, 2013 stats., or
s. 234.61
, 2013
6stats., on or after January 1, 2004,
or the Forward Wisconsin Development Authority
7under s. 235.02 or 235.61, if the obligations are issued to fund multifamily affordable
8housing projects or elderly housing projects.
SB148,181
9Section
181. 71.26 (1m) (k) 1. of the statutes is amended to read:
SB148,61,1410
71.26
(1m) (k) 1. The bonds or notes are used to fund multifamily affordable
11housing projects or elderly housing projects in this state, and the Wisconsin Housing
12and Economic Development Authority
under ch. 234, 2013 stats., or the Forward
13Wisconsin Development Authority has the authority to issue its bonds or notes for
14the project being funded.
SB148,182
15Section
182. 71.26 (1m) (m) of the statutes is amended to read:
SB148,61,1916
71.26
(1m) (m) Those issued by the Wisconsin Housing and Economic
17Development Authority
or the Forward Wisconsin Development Authority to
18provide loans to a public affairs network under
s. 235.75 (4) or s. 234.75 (4)
, 2013
19stats.
SB148,183
20Section
183. 71.28 (1) (a) of the statutes is amended to read:
SB148,62,621
71.28
(1) (a) Any corporation which contributes an amount to the community
22development finance authority under s. 233.03, 1985 stats., or to the housing and
23economic development authority under s. 234.03 (32)
, 2013 stats., or to the Forward
24Wisconsin Development Authority on behalf of the community development finance
25company under s. 235.95 and, in the same year, purchases common stock or
1partnership interests of the community development finance company issued under
2s. 233.05 (2), 1985 stats., or s. 234.95 (2)
, 2013 stats., or 235.95 in an amount no
3greater than the contribution to the authority may credit against taxes otherwise
4due an amount equal to 75% of the purchase price of the stock or partnership
5interests. The credit received under this paragraph may not exceed 75% of the
6contribution
to the community development finance authority.
SB148,184
7Section
184. 71.28 (1dm) (a) 1. of the statutes is amended to read:
SB148,62,128
71.28
(1dm) (a) 1. "Certified" means entitled under
s. 235.395 (3) (a) 4. or s.
9238.395 (3) (a) 4.
, 2013 stats., or s. 560.795 (3) (a) 4., 2009 stats., to claim tax benefits
10or certified under
s. 235.395 (5), 235.398 (3), or 235.3995 (4) or s. 238.395 (5),
2013
11stats., s. 238.398 (3)
, 2013 stats., or
s. 238.3995 (4)
, 2013 stats., or s. 560.795 (5), 2009
12stats., s. 560.798 (3), 2009 stats., or s. 560.7995 (4), 2009 stats.
SB148,185
13Section
185. 71.28 (1dm) (a) 3. of the statutes is amended to read:
SB148,62,1814
71.28
(1dm) (a) 3. "Development zone" means a development opportunity zone
15under
s. 235.395 (1) (e) and (f) or 235.398 or s. 238.395 (1) (e) and (f)
, 2013 stats., or
16s. 238.398
, 2013 stats., or s. 560.795 (1) (e) and (f), 2009 stats., or s. 560.798, 2009
17stats., or an airport development zone under
s. 235.3995 or s. 238.3995
, 2013 stats., 18or s. 560.7995, 2009 stats.
SB148,186
19Section
186. 71.28 (1dm) (a) 4. of the statutes is amended to read:
SB148,63,420
71.28
(1dm) (a) 4. "Previously owned property" means real property that the
21claimant or a related person owned during the 2 years prior to the department of
22commerce or the Wisconsin Economic Development Corporation
or the Forward
23Wisconsin Development Authority designating the place where the property is
24located as a development zone and for which the claimant may not deduct a loss from
25the sale of the property to, or an exchange of the property with, the related person
1under section
267 of the Internal Revenue Code, except that section
267 (b) of the
2Internal Revenue Code is modified so that if the claimant owns any part of the
3property, rather than 50% ownership, the claimant is subject to section
267 (a) (1) of
4the Internal Revenue Code for purposes of this subsection.
SB148,187
5Section
187. 71.28 (1dm) (f) 1. of the statutes is amended to read:
SB148,63,106
71.28
(1dm) (f) 1. A copy of the verification that the claimant may claim tax
7benefits under
s. 235.395 (3) (a) 4. or s. 238.395 (3) (a) 4.
, 2013 stats., or s. 560.795
8(3) (a) 4., 2009 stats., or is certified under
s. 235.395 (5), 235.398 (3), or 235.3995 (4)
9or s. 238.395 (5),
2013 stats., s. 238.398 (3)
, 2013 stats., or
s. 238.3995 (4)
, 2013 stats., 10or s. 560.795 (5), 2009 stats., s. 560.798 (3), 2009 stats., or s. 560.7995 (4), 2009 stats.
SB148,188
11Section
188. 71.28 (1dm) (f) 2. of the statutes is amended to read:
SB148,63,1512
71.28
(1dm) (f) 2. A statement from the department of commerce or the
13Wisconsin Economic Development Corporation
or the Forward Wisconsin
14Development Authority verifying the purchase price of the investment and verifying
15that the investment fulfills the requirements under par. (b).
SB148,189
16Section
189. 71.28 (1dm) (i) of the statutes is amended to read:
SB148,64,617
71.28
(1dm) (i) Partnerships, limited liability companies, and tax-option
18corporations may not claim the credit under this subsection, but the eligibility for,
19and the amount of, that credit shall be determined on the basis of their economic
20activity, not that of their shareholders, partners, or members. The corporation,
21partnership, or limited liability company shall compute the amount of credit that
22may be claimed by each of its shareholders, partners, or members and provide that
23information to its shareholders, partners, or members. Partners, members of limited
24liability companies, and shareholders of tax-option corporations may claim the
25credit based on the partnership's, company's, or corporation's activities in proportion
1to their ownership interest and may offset it against the tax attributable to their
2income from the partnership's, company's, or corporation's business operations in the
3development zone; except that partners, members, and shareholders in a
4development zone under
s. 235.395 (1) (e) or s. 238.395 (1) (e)
, 2013 stats., or s.
5560.795 (1) (e), 2009 stats., may offset the credit against the amount of the tax
6attributable to their income.
SB148,190
7Section
190. 71.28 (1dm) (j) of the statutes is amended to read:
SB148,64,208
71.28
(1dm) (j) If a person who is entitled under
s. 235.395 (3) (a) 4. or s. 238.395
9(3) (a) 4.
, 2013 stats., or s. 560.795 (3) (a) 4., 2009 stats., to claim tax benefits becomes
10ineligible for such tax benefits, or if a person's certification under
s. 235.395 (5),
11235.398 (3), or 235.3995 (4) or s. 238.395 (5),
2013 stats., s. 238.398 (3)
, 2013 stats.,
12or
s. 238.3995 (4)
, 2013 stats., or s. 560.795 (5), 2009 stats., s. 560.798 (3), 2009 stats.,
13or s. 560.7995 (4), 2009 stats., is revoked, that person may claim no credits under this
14subsection for the taxable year that includes the day on which the person becomes
15ineligible for tax benefits, the taxable year that includes the day on which the
16certification is revoked, or succeeding taxable years, and that person may carry over
17no unused credits from previous years to offset tax under this chapter for the taxable
18year that includes the day on which the person becomes ineligible for tax benefits,
19the taxable year that includes the day on which the certification is revoked, or
20succeeding taxable years.
SB148,191
21Section
191. 71.28 (1dm) (k) of the statutes is amended to read:
SB148,65,522
71.28
(1dm) (k) If a person who is entitled under
s. 235.395 (3) (a) 4. or s.
23238.395 (3) (a) 4.
, 2013 stats., or s. 560.795 (3) (a) 4., 2009 stats., to claim tax benefits
24or certified under
s. 235.395 (5), 235.398 (3), or 235.3995 (4) or s. 238.395 (5),
2013
25stats., s. 238.398 (3)
, 2013 stats., or
s. 238.3995 (4)
, 2013 stats., or s. 560.795 (5), 2009
1stats., s. 560.798 (3), 2009 stats., or s. 560.7995 (4), 2009 stats., ceases business
2operations in the development zone during any of the taxable years that that zone
3exists, that person may not carry over to any taxable year following the year during
4which operations cease any unused credits from the taxable year during which
5operations cease or from previous taxable years.
SB148,192
6Section
192. 71.28 (1dx) (a) 2. of the statutes is amended to read:
SB148,65,137
71.28
(1dx) (a) 2. "Development zone" means a development zone under
s.
8235.30 or s. 238.30
, 2013 stats., or s. 560.70, 2009 stats., a development opportunity
9zone under
s. 235.395 or s. 238.395
, 2013 stats., or s. 560.795, 2009 stats., an
10enterprise development zone under
s. 235.397 or s. 238.397
, 2013 stats., or s.
11560.797, 2009 stats., an agricultural development zone under
s. 235.398 or s.
12238.398
, 2013 stats., or s. 560.798, 2009 stats., or an airport development zone under
13s. 235.3995 or s. 238.3995
, 2013 stats., or s. 560.7995, 2009 stats.
SB148,193
14Section
193. 71.28 (1dx) (a) 4. of the statutes is amended to read:
SB148,65,1615
71.28
(1dx) (a) 4. "Full-time job" has the meaning given in s.
238.30 235.30 16(2m).