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).
SB148,194 17Section 194. 71.28 (1dx) (b) (intro.) of the statutes is amended to read:
SB148,66,218 71.28 (1dx) (b) Credit. (intro.) Except as provided in pars. (be) and (bg) and
19in s. 73.03 (35), and subject to s. 235.385 or s. 238.385, 2013 stats., or s. 560.785, 2009
20stats., for any taxable year for which the person is entitled under s. 235.395 (3) or s.
21238.395 (3), 2013 stats., or s. 560.795 (3), 2009 stats., to claim tax benefits or certified
22under s. 235.365 (3), 235.397 (4), 235.398 (3), or 235.3995 (4) or s. 238.365 (3), 2013
23stats., s.
238.397 (4), 2013 stats., s. 238.398 (3), 2013 stats., or s. 238.3995 (4), 2013
24stats.,
or s. 560.765 (3), 2009 stats., s. 560.797 (4), 2009 stats., s. 560.798 (3), 2009

1stats., or s. 560.7995 (4), 2009 stats., any person may claim as a credit against the
2taxes otherwise due under this chapter the following amounts:
SB148,195 3Section 195. 71.28 (1dx) (b) 2. of the statutes is amended to read:
SB148,66,84 71.28 (1dx) (b) 2. The amount determined by multiplying the amount
5determined under s. 235.385 (1) (b) or s. 238.385 (1) (b), 2013 stats., or s. 560.785 (1)
6(b), 2009 stats., by the number of full-time jobs created in a development zone and
7filled by a member of a targeted group and by then subtracting the subsidies paid
8under s. 49.147 (3) (a) for those jobs.
SB148,196 9Section 196. 71.28 (1dx) (b) 3. of the statutes is amended to read:
SB148,66,1410 71.28 (1dx) (b) 3. The amount determined by multiplying the amount
11determined under s. 235.385 (1) (c) or s. 238.385 (1) (c), 2013 stats., or s. 560.785 (1)
12(c), 2009 stats., by the number of full-time jobs created in a development zone and
13not filled by a member of a targeted group and by then subtracting the subsidies paid
14under s. 49.147 (3) (a) for those jobs.
SB148,197 15Section 197. 71.28 (1dx) (b) 4. of the statutes is amended to read:
SB148,66,2316 71.28 (1dx) (b) 4. The amount determined by multiplying the amount
17determined under s. 235.385 (1) (bm) or s. 238.385 (1) (bm), 2013 stats., or s. 560.785
18(1) (bm), 2009 stats., by the number of full-time jobs retained, as provided in the
19rules
under s. 235.385 or s. 238.385, 2013 stats., or s. 560.785, 2009 stats., excluding
20jobs for which a credit has been claimed under sub. (1dj), in an enterprise
21development zone under s. 235.397 or s. 238.397, 2013 stats., or s. 560.797, 2009
22stats., and for which significant capital investment was made and by then
23subtracting the subsidies paid under s. 49.147 (3) (a) for those jobs.
SB148,198 24Section 198. 71.28 (1dx) (b) 5. of the statutes is amended to read:
SB148,67,7
171.28 (1dx) (b) 5. The amount determined by multiplying the amount
2determined under s. 235.385 (1) (c) or s. 238.385 (1) (c), 2013 stats., or s. 560.785 (1)
3(c), 2009 stats., by the number of full-time jobs retained, as provided in the rules
4under s. 235.385 or s. 238.385, 2013 stats., or s. 560.785, 2009 stats., excluding jobs
5for which a credit has been claimed under sub. (1dj), in a development zone and not
6filled by a member of a targeted group and by then subtracting the subsidies paid
7under s. 49.147 (3) (a) for those jobs.
SB148,199 8Section 199. 71.28 (1dx) (be) of the statutes is amended to read:
SB148,67,149 71.28 (1dx) (be) Offset. A claimant in a development zone under s. 235.395 (1)
10(e) or
s. 238.395 (1) (e), 2013 stats., or s. 560.795 (1) (e), 2009 stats., may offset any
11credits claimed under this subsection, including any credits carried over, against the
12amount of the tax otherwise due under this subchapter attributable to all of the
13claimant's income and against the tax attributable to income from directly related
14business operations of the claimant.
SB148,200 15Section 200. 71.28 (1dx) (bg) of the statutes is amended to read:
SB148,68,216 71.28 (1dx) (bg) Other entities. For claimants in a development zone under s.
17235.395 (1) (e) or
s. 238.395 (1) (e), 2013 stats., or s. 560.795 (1) (e), 2009 stats.,
18partnerships, limited liability companies, and tax-option corporations may not
19claim the credit under this subsection, but the eligibility for, and amount of, that
20credit shall be determined on the basis of their economic activity, not that of their
21shareholders, partners, or members. The corporation, partnership, or company shall
22compute the amount of the credit that may be claimed by each of its shareholders,
23partners, or members and shall provide that information to each of its shareholders,
24partners, or members. Partners, members of limited liability companies, and
25shareholders of tax-option corporations may claim the credit based on the

1partnership's, company's, or corporation's activities in proportion to their ownership
2interest and may offset it against the tax attributable to their income.
SB148,201 3Section 201. 71.28 (1dx) (c) of the statutes is amended to read:
SB148,68,164 71.28 (1dx) (c) Credit precluded. If the certification of a person for tax benefits
5under s. 235.365 (3), 235.397 (4), 235.398 (3), or 235.3995 (4) or s. 238.365 (3), 2013
6stats., s.
238.397 (4), 2013 stats., s. 238.398 (3), 2013 stats., or s. 238.3995 (4), 2013
7stats.,
or s. 560.765 (3), 2009 stats., s. 560.797 (4), 2009 stats., s. 560.798 (3), 2009
8stats., or s. 560.7995 (4), 2009 stats., is revoked, or if the person becomes ineligible
9for tax benefits under s. 235.395 (3) or s. 238.395 (3), 2013 stats., or s. 560.795 (3),
102009 stats., that person may not claim credits under this subsection for the taxable
11year that includes the day on which the certification is revoked; the taxable year that
12includes the day on which the person becomes ineligible for tax benefits; or
13succeeding taxable years and that person may not carry over unused credits from
14previous years to offset tax under this chapter for the taxable year that includes the
15day on which certification is revoked; the taxable year that includes the day on which
16the person becomes ineligible for tax benefits; or succeeding taxable years.
SB148,202 17Section 202. 71.28 (1dx) (d) of the statutes is amended to read:
SB148,69,218 71.28 (1dx) (d) Carry-over precluded. If a person who is entitled under s.
19235.395 (3) or
s. 238.395 (3), 2013 stats., or s. 560.795 (3), 2009 stats., to claim tax
20benefits or certified under s. 235.365 (3), 235.397 (4), 235.398 (3), or 235.3995 (4) or
21s. 238.365 (3), 2013 stats., s. 238.397 (4), 2013 stats., s. 238.398 (3), 2013 stats., or
22s. 238.3995 (4), 2013 stats., or s. 560.765 (3), 2009 stats., s. 560.797 (4), 2009 stats.,
23s. 560.798 (3), 2009 stats., or s. 560.7995 (4), 2009 stats., for tax benefits ceases
24business operations in the development zone during any of the taxable years that
25that zone exists, that person may not carry over to any taxable year following the

1year during which operations cease any unused credits from the taxable year during
2which operations cease or from previous taxable years.
SB148,203 3Section 203. 71.28 (1dy) (a) of the statutes is amended to read:
SB148,69,74 71.28 (1dy) (a) Definition. In this subsection, "claimant" means a person who
5files a claim under this subsection and is certified under s. 235.301 (2) or s. 238.301
6(2), 2013 stats., or s. 560.701 (2), 2009 stats., and authorized to claim tax benefits
7under s. 235.303 or s. 238.303, 2013 stats., or s. 560.703, 2009 stats.
SB148,204 8Section 204. 71.28 (1dy) (b) of the statutes is amended to read:
SB148,69,149 71.28 (1dy) (b) Filing claims. Subject to the limitations under this subsection
10and ss. 235.301 to 235.306 or ss. 238.301 to 238.306 , 2013 stats., or s. ss. 560.701 to
11560.706, 2009 stats., for taxable years beginning after December 31, 2008, a claimant
12may claim as a credit against the tax imposed under s. 71.23, up to the amount of the
13tax, the amount authorized for the claimant under s. 235.303 or s. 238.303, 2013
14stats.,
or s. 560.703, 2009 stats.
SB148,205 15Section 205. 71.28 (1dy) (c) 1. of the statutes is amended to read:
SB148,69,2016 71.28 (1dy) (c) 1. No credit may be allowed under this subsection unless the
17claimant includes with the claimant's return a copy of the claimant's certification
18under s. 235.301 (2) or s. 238.301 (2), 2013 stats., or s. 560.701 (2), 2009 stats., and
19a copy of the claimant's notice of eligibility to receive tax benefits under s. 235.303
20(3) or
s. 238.303 (3), 2013 stats., or s. 560.703 (3), 2009 stats.
SB148,206 21Section 206. 71.28 (1dy) (c) 2. of the statutes is amended to read:
SB148,70,522 71.28 (1dy) (c) 2. Partnerships, limited liability companies, and tax-option
23corporations may not claim the credit under this subsection, but the eligibility for,
24and the amount of, the credit are based on their authorization to claim tax benefits
25under s. 235.303 or s. 238.303, 2013 stats., or s. 560.703, 2009 stats. A partnership,

1limited liability company, or tax-option corporation shall compute the amount of
2credit that each of its partners, members, or shareholders may claim and shall
3provide that information to each of them. Partners, members of limited liability
4companies, and shareholders of tax-option corporations may claim the credit in
5proportion to their ownership interests.
SB148,207 6Section 207. 71.28 (1dy) (d) 2. of the statutes is amended to read:
SB148,70,167 71.28 (1dy) (d) 2. If a claimant's certification is revoked under s. 235.305 or s.
8238.305, 2013 stats., or s. 560.705, 2009 stats., or if a claimant becomes ineligible for
9tax benefits under s. 235.302 or s. 238.302, 2013 stats., or s. 560.702, 2009 stats., the
10claimant may not claim credits under this subsection for the taxable year that
11includes the day on which the certification is revoked; the taxable year that includes
12the day on which the claimant becomes ineligible for tax benefits; or succeeding
13taxable years and the claimant may not carry over unused credits from previous
14years to offset the tax imposed under s. 71.23 for the taxable year that includes the
15day on which certification is revoked; the taxable year that includes the day on which
16the claimant becomes ineligible for tax benefits; or succeeding taxable years.
SB148,208 17Section 208. 71.28 (3g) (a) (intro.) of the statutes is amended to read:
SB148,70,2318 71.28 (3g) (a) (intro.) Subject to the limitations under this subsection and ss.
1973.03 (35m) and 235.23 and s. 238.23, 2013 stats., and s. 560.96, 2009 stats., a
20business that is certified under s. 235.23 (3) or s. 238.23 (3), 2013 stats., or s. 560.96
21(3), 2009 stats., may claim as a credit against the taxes imposed under s. 71.23 an
22amount equal to the sum of the following, as established under s. 235.23 (3) (c) or s.
23238.23 (3) (c), 2013 stats., or s. 560.96 (3) (c), 2009 stats.:
SB148,209 24Section 209. 71.28 (3g) (b) of the statutes is amended to read:
SB148,71,3
171.28 (3g) (b) The department of revenue shall notify the department of
2commerce or the Wisconsin Economic Development Corporation
Forward Wisconsin
3Development Authority
of all claims under this subsection.
SB148,210 4Section 210. 71.28 (3g) (e) 2. of the statutes is amended to read:
SB148,71,85 71.28 (3g) (e) 2. The investments that relate to the amount described under par.
6(a) 2. for which a claimant makes a claim under this subsection must be retained for
7use in the technology zone for the period during which the claimant's business is
8certified under s. 235.23 (3) or s. 238.23 (3), 2013 stats., or s. 560.96 (3), 2009 stats.
SB148,211 9Section 211. 71.28 (3g) (f) 1. of the statutes is amended to read:
SB148,71,1310 71.28 (3g) (f) 1. A copy of the verification that the claimant's business is
11certified under s. 235.23 (3) or s. 238.23 (3), 2013 stats., or s. 560.96 (3), 2009 stats.,
12and that the business has entered into an agreement under s. 235.23 (3) (d) or s.
13238.23 (3) (d), 2013 stats., or s. 560.96 (3) (d), 2009 stats.
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