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.
SB148,212 14Section 212. 71.28 (3g) (f) 2. of the statutes is amended to read:
SB148,71,1815 71.28 (3g) (f) 2. A statement from the department of commerce or the Wisconsin
16Economic Development Corporation or the Forward Wisconsin Development
17Authority
verifying the purchase price of the investment described under par. (a) 2.
18and verifying that the investment fulfills the requirement under par. (e) 2.
SB148,213 19Section 213. 71.28 (3q) (a) 1. of the statutes is amended to read:
SB148,71,2120 71.28 (3q) (a) 1. "Claimant" means a person certified to receive tax benefits
21under s. 235.16 (2) or s. 238.16 (2), 2013 stats., or s. 560.2055 (2), 2009 stats.
SB148,214 22Section 214. 71.28 (3q) (a) 2. of the statutes is amended to read:
SB148,72,323 71.28 (3q) (a) 2. "Eligible employee" means, for taxable years beginning before
24January 1, 2011, an eligible employee under s. 560.2055 (1) (b), 2009 stats., who
25satisfies the wage requirements under s. 560.2055 (3) (a) or (b), 2009 stats., or, for

1taxable years beginning after December 31, 2010, an eligible employee under s.
2235.16 (1) (b) or
s. 238.16 (1) (b), 2013 stats., who satisfies the wage requirements
3under s. 235.16 (3) (a) or (b) or s. 238.16 (3) (a) or (b), 2013 stats.
SB148,215 4Section 215. 71.28 (3q) (b) of the statutes is amended to read:
SB148,72,85 71.28 (3q) (b) Filing claims. Subject to the limitations provided in this
6subsection and s. 235.16 or s. 238.16, 2013 stats., or s. 560.2055, 2009 stats., for
7taxable years beginning after December 31, 2009, a claimant may claim as a credit
8against the taxes imposed under s. 71.23 any of the following:
SB148,72,119 1. The amount of wages that the claimant paid to an eligible employee in the
10taxable year, not to exceed 10 percent of such wages, as determined under s. 235.16
11or
s. 238.16, 2013 stats., or s. 560.2055, 2009 stats.
SB148,72,1512 2. The amount of the costs incurred by the claimant in the taxable year, as
13determined under s. 235.16 or s. 238.16, 2013 stats., or s. 560.2055, 2009 stats., to
14undertake the training activities described under s. 235.16 (3) (c) or s. 238.16 (3) (c),
152013 stats.,
or s. 560.2055 (3) (c), 2009 stats.
SB148,216 16Section 216. 71.28 (3q) (c) 2. of the statutes is amended to read:
SB148,72,2017 71.28 (3q) (c) 2. No credit may be allowed under this subsection unless the
18claimant includes with the claimant's return a copy of the claimant's certification for
19tax benefits under s. 235.16 (2) or s. 238.16 (2) , 2013 stats., or s. 560.2055 (2), 2009
20stats.
SB148,217 21Section 217. 71.28 (3q) (c) 3. of the statutes is amended to read:
SB148,73,222 71.28 (3q) (c) 3. The maximum amount of credits that may be awarded under
23this subsection and ss. 71.07 (3q) and 71.47 (3q) for the period beginning on January
241, 2010, and ending on June 30, 2013, is $14,500,000, not including the amount of

1any credits reallocated under 235.15 (3) (d) or s. 238.15 (3) (d), 2013 stats., or s.
2560.205 (3) (d), 2009 stats.
SB148,218 3Section 218. 71.28 (3w) (a) 2. of the statutes is amended to read:
SB148,73,64 71.28 (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.
SB148,219 7Section 219. 71.28 (3w) (a) 3. of the statutes is amended to read:
SB148,73,108 71.28 (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.
SB148,220 11Section 220. 71.28 (3w) (a) 4. of the statutes is amended to read:
SB148,73,1312 71.28 (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.
SB148,221 14Section 221. 71.28 (3w) (a) 5d. of the statutes is amended to read:
SB148,73,1715 71.28 (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.
SB148,222 18Section 222. 71.28 (3w) (a) 5e. of the statutes is amended to read:
SB148,73,2119 71.28 (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.
SB148,223 22Section 223. 71.28 (3w) (b) (intro.) of the statutes is amended to read:
SB148,74,223 71.28 (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. 71.23
2an amount calculated as follows:
SB148,224 3Section 224. 71.28 (3w) (b) 5. of the statutes is amended to read:
SB148,74,64 71.28 (3w) (b) 5. Multiply the amount determined under subd. 4. by the
5percentage determined under s. 235.399 or s. 238.399 , 2013 stats., or s. 560.799, 2009
6stats., not to exceed 7 percent.
SB148,225 7Section 225. 71.28 (3w) (bm) 1. of the statutes is amended to read:
SB148,74,188 71.28 (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. 71.23 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.
SB148,226 19Section 226. 71.28 (3w) (bm) 2. of the statutes is amended to read:
SB148,75,920 71.28 (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. 71.23 an amount equal to the percentage, as
24determined under s. 235.399 or s. 238.399, 2013 stats., or s. 560.799, 2009 stats., not
25to exceed 7 percent, of the claimant's zone payroll paid in the taxable year to all of

1the claimant's full-time employees whose annual wages are greater than the amount
2determined by multiplying 2,080 by 150 percent of the federal minimum wage in a
3tier 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.
SB148,227 10Section 227. 71.28 (3w) (bm) 3. of the statutes is amended to read:
SB148,75,1711 71.28 (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. 71.23 up to 10 percent of the claimant's significant capital expenditures, as
16determined under s. 235.399 (5m) or s. 238.399 (5m) , 2013 stats., or s. 560.799 (5m),
172009 stats.
SB148,228 18Section 228. 71.28 (3w) (bm) 4. of the statutes is amended to read:
SB148,76,319 71.28 (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. 71.23, up to 1 percent of the amount that the claimant paid in the taxable year to
24purchase tangible personal property, items, property, or goods under s. 77.52 (1) (b),
25(c), or (d), or services from Wisconsin vendors, as determined under s. 235.399 (5) (e)

1or
s. 238.399 (5) (e), 2013 stats., or s. 560.799 (5) (e), 2009 stats., except that the
2claimant may not claim the credit under this subdivision and subd. 3. for the same
3expenditures.
SB148,229 4Section 229. 71.28 (3w) (c) 3. of the statutes is amended to read:
SB148,76,85 71.28 (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.
SB148,230 9Section 230. 71.28 (3w) (d) of the statutes is amended to read:
SB148,76,1510 71.28 (3w) (d) Administration. Subsection (4) (g) and (h), as it applies to the
11credit under sub. (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
.
SB148,231 16Section 231. 71.28 (4) (am) 1. of the statutes is amended to read:
SB148,77,1917 71.28 (4) (am) 1. In addition to the credit under par. (ad), any corporation may
18credit against taxes otherwise due under this chapter an amount equal to 5 percent
19of the amount obtained by subtracting from the corporation's qualified research
20expenses, as defined in section 41 of the Internal Revenue Code, except that
21"qualified research expenses" include only expenses incurred by the claimant in a
22development zone under subch. III of ch. 235 or subch. II of ch. 238, 2013 stats., or
23subch. VI of ch. 560, 2009 stats., except that a taxpayer may elect the alternative
24computation under section 41 (c) (4) of the Internal Revenue Code and that election
25applies until the department permits its revocation and except that "qualified

1research expenses" do not include compensation used in computing the credit under
2sub. (1dj) nor research expenses incurred before the claimant is certified for tax
3benefits under s. 235.365 (3) or s. 238.365 (3), 2013 stats., or s. 560.765 (3), 2009
4stats., the corporation's base amount, as defined in section 41 (c) of the Internal
5Revenue Code, in a development zone, except that gross receipts used in calculating
6the base amount means gross receipts from sales attributable to Wisconsin under s.
771.25 (9) (b) 1. and 2., (df) 1. and 2., (dh) 1., 2., and 3., (dj), and (dk) and research
8expenses used in calculating the base amount include research expenses incurred
9before the claimant is certified for tax benefits under s. 235.365 (3) or s. 238.365 (3),
102013 stats.,
or s. 560.765 (3), 2009 stats., in a development zone, if the claimant
11submits with the claimant's return a copy of the claimant's certification for tax
12benefits under s. 235.365 (3) or s. 238.365 (3), 2013 stats., or s. 560.765 (3), 2009
13stats., and a statement from the department of commerce or the Wisconsin Economic
14Development Corporation or Forward Wisconsin Development Authority verifying
15the claimant's qualified research expenses for research conducted exclusively in a
16development zone. The rules under s. 73.03 (35) apply to the credit under this
17subdivision. The rules under sub. (1di) (f) and (g) as they apply to the credit under
18that subsection apply to claims under this subdivision. Section 41 (h) of the Internal
19Revenue Code does not apply to the credit under this subdivision.
SB148,232 20Section 232. 71.28 (4) (am) 2. of the statutes is amended to read:
SB148,78,621 71.28 (4) (am) 2. The development zones credit under subd. 1., as it applies to
22a person certified under s. 235.365 or s. 238.365 (3), 2013 stats., or s. 560.765 (3), 2009
23stats., applies to a corporation that conducts economic activity in a development
24opportunity zone under s. 235.395 (1) or s. 238.395 (1), 2013 stats., or s. 560.795 (1),
252009 stats., and that is entitled to tax benefits under s. 235.395 (3) or s. 238.395 (3),

12013 stats.,
or s. 560.795 (3), 2009 stats., subject to the limits under s. 235.395 (2) or
2s. 238.395 (2), 2013 stats., or s. 560.795 (2), 2009 stats. A development opportunity
3zone credit under this subdivision may be calculated using expenses incurred by a
4claimant beginning on the effective date under s. 235.395 (2) (a) or s. 238.395 (2) (a),
52013 stats.,
or s. 560.795 (2) (a), 2009 stats., of the development opportunity zone
6designation of the area in which the claimant conducts economic activity.
SB148,233 7Section 233. 71.28 (5b) (a) 2. of the statutes is amended to read:
SB148,78,98 71.28 (5b) (a) 2. "Fund manager" means an investment fund manager certified
9under s. 235.15 (2) or s. 238.15 (2), 2013 stats., or s. 560.205 (2), 2009 stats.
SB148,234 10Section 234. 71.28 (5b) (b) 1. of the statutes is amended to read:
SB148,78,1711 71.28 (5b) (b) 1. For taxable years beginning after December 31, 2004, subject
12to the limitations provided under this subsection and s. 235.15 or s. 238.15, 2013
13stats.,
or s. 560.205, 2009 stats., and except as provided in subd. 2., a claimant may
14claim as a credit against the tax imposed under s. 71.23, up to the amount of those
15taxes, 25 percent of the claimant's investment paid to a fund manager that the fund
16manager invests in a business certified under s. 235.15 (1) or s. 238.15 (1), 2013
17stats.,
or s. 560.205 (1), 2009 stats.
SB148,235 18Section 235. 71.28 (5b) (b) 2. of the statutes is amended to read:
SB148,79,219 71.28 (5b) (b) 2. In the case of a partnership, limited liability company, or
20tax-option corporation, the computation of the 25 percent limitation under subd. 1.
21shall be determined at the entity level rather than the claimant level and may be
22allocated among the claimants who make investments in the manner set forth in the
23entity's organizational documents. The entity shall provide to the department of
24revenue and to the department of commerce or the Wisconsin Economic
25Development Corporation
Forward Wisconsin Development Authority the names

1and tax identification numbers of the claimants, the amounts of the credits allocated
2to the claimants, and the computation of the allocations.
SB148,236 3Section 236. 71.28 (5b) (d) 3. of the statutes is amended to read:
SB148,79,84 71.28 (5b) (d) 3. Except as provided under s. 238.15 235.15 (3) (d) (intro.), for
5investments made after December 31, 2007, if an investment for which a claimant
6claims a credit under par. (b) is held by the claimant for less than 3 years, the
7claimant shall pay to the department, in the manner prescribed by the department,
8the amount of the credit that the claimant received related to the investment.
SB148,237 9Section 237. 71.28 (6) (c) (intro.) of the statutes is amended to read:
SB148,79,1410 71.28 (6) (c) (intro.) No person may claim the credit under par. (a) 2m. unless
11the claimant includes with the claimant's return a copy of the claimant's certification
12under s. 238.17 235.17. For certification purposes under s. 238.17 235.17, the
13claimant shall provide to the Wisconsin Economic Development Corporation
14Forward Wisconsin Development Authority all of the following:
SB148,238 15Section 238. 71.36 (1m) (b) 2. of the statutes is amended to read:
SB148,80,216 71.36 (1m) (b) 2. Interest on obligations issued under s. 66.0304 by a
17commission if the bonds or notes are used to fund multifamily affordable housing
18projects or elderly housing projects in this state, and the Forward Wisconsin Housing
19and Economic
Development Authority has the authority to issue its bonds or notes
20for the project being funded, or if the bonds or notes are used by a health facility, as
21defined in s. 231.01 (5), to fund the acquisition of information technology hardware
22or software, in this state, and the Wisconsin Health and Educational Facilities
23Authority has the authority to issue its bonds or notes for the project being funded,
24or if the bonds or notes are issued to fund a redevelopment project in this state or a

1housing project in this state, and the authority exists for bonds or notes to be issued
2by an entity described under s. 66.1201, 66.1333, or 66.1335.
SB148,239 3Section 239. 71.36 (1m) (b) 5. of the statutes is amended to read:
SB148,80,64 71.36 (1m) (b) 5. Interest on obligations issued under s. 234.65, 2013 stats., to
5fund an economic development loan to finance construction, renovation or
6development of property that would be exempt under s. 70.11 (36).
SB148,240 7Section 240. 71.45 (1t) (e) of the statutes is amended to read:
SB148,80,108 71.45 (1t) (e) Those issued under s. 234.65, 2013 stats., to fund an economic
9development loan to finance construction, renovation or development of property
10that would be exempt under s. 70.11 (36).
SB148,241 11Section 241. 71.45 (1t) (em) of the statutes is amended to read:
SB148,80,1512 71.45 (1t) (em) Those issued under s. 234.08, 2013 stats., or s. 234.61, 2013
13stats.
, on or after January 1, 2004, or the Forward Wisconsin Development Authority
14under s. 235.02 or 235.61,
if the obligations are issued to fund multifamily affordable
15housing projects or elderly housing projects.
SB148,242 16Section 242. 71.45 (1t) (k) 1. of the statutes is amended to read:
SB148,80,2117 71.45 (1t) (k) 1. The bonds or notes are used to fund multifamily affordable
18housing projects or elderly housing projects in this state, and the Wisconsin Housing
19and Economic Development Authority under ch. 234, 2013 stats., or the Forward
20Wisconsin Development Authority
has the authority to issue its bonds or notes for
21the project being funded.
SB148,243 22Section 243. 71.45 (1t) (m) of the statutes is amended to read:
SB148,81,223 71.45 (1t) (m) Those issued by the Wisconsin Housing and Economic
24Development Authority or the Forward Wisconsin Development Authority to

1provide loans to a public affairs network under s. 234.75 (4), 2013 stats., or s. 235.75
2(4)
.
SB148,244 3Section 244. 71.47 (1) (a) of the statutes is amended to read:
SB148,81,144 71.47 (1) (a) Any corporation which contributes an amount to the community
5development finance authority under s. 233.03, 1985 stats., or to the housing and
6economic development authority under s. 234.03 (32), 2013 stats., or to the Forward
7Wisconsin Development Authority on behalf of the community development finance
8company under s. 235.95
and in the same year purchases common stock or
9partnership interests of the community development finance company issued under
10s. 233.05 (2), 1985 stats., or s. 234.95 (2), 2013 stats., or s. 235.95 (2) in an amount
11no greater than the contribution to the authority, may credit against taxes otherwise
12due an amount equal to 75% of the purchase price of the stock or partnership
13interests. The credit received under this paragraph may not exceed 75% of the
14contribution to the community development finance authority.
SB148,245 15Section 245. 71.47 (1dm) (a) 1. of the statutes is amended to read:
SB148,81,2016 71.47 (1dm) (a) 1. "Certified" means entitled under s. 235.395 (3) (a) 4. or s.
17238.395 (3) (a) 4., 2013 stats., or s. 560.795 (3) (a) 4., 2009 stats., to claim tax benefits
18or certified under s. 235.395 (5), 235.398 (3), or 235.3995 (4) or s. 238.395 (5), 2013
19stats., s.
238.398 (3), 2013 stats., or s. 238.3995 (4), 2013 stats., or s. 560.795 (5), 2009
20stats., s. 560.798 (3), 2009 stats., or s. 560.7995 (4), 2009 stats.
SB148,246 21Section 246. 71.47 (1dm) (a) 3. of the statutes is amended to read:
SB148,82,222 71.47 (1dm) (a) 3. "Development zone" means a development opportunity zone
23under s. 235.395 (1) (e) and (f) or 235.398 or s. 238.395 (1) (e) and (f), 2013 stats., or
24s. 238.398, 2013 stats. or s. 560.795 (1) (e) and (f), 2009 stats., or s. 560.798, 2009

1stats., or an airport development zone under s. 235.3995 or s. 238.3995, 2013 stats.,
2or s. 560.7995, 2009 stats.
SB148,247 3Section 247. 71.47 (1dm) (a) 4. of the statutes is amended to read:
SB148,82,134 71.47 (1dm) (a) 4. "Previously owned property" means real property that the
5claimant or a related person owned during the 2 years prior to the department of
6commerce or the Wisconsin Economic Development Corporation or the Forward
7Wisconsin Development Authority
designating the place where the property is
8located as a development zone and for which the claimant may not deduct a loss from
9the sale of the property to, or an exchange of the property with, the related person
10under section 267 of the Internal Revenue Code, except that section 267 (b) of the
11Internal Revenue Code is modified so that if the claimant owns any part of the
12property, rather than 50% ownership, the claimant is subject to section 267 (a) (1) of
13the Internal Revenue Code for purposes of this subsection.
SB148,248 14Section 248. 71.47 (1dm) (f) 1. of the statutes is amended to read:
SB148,82,1915 71.47 (1dm) (f) 1. A copy of the verification that the claimant may claim tax
16benefits under s. 235.395 (3) (a) 4. or s. 238.395 (3) (a) 4., 2013 stats., or s. 560.795
17(3) (a) 4., 2009 stats., or is certified under s. 235.395 (5), 235.398 (3), or 235.3995 (4)
18or
s. 238.395 (5), 2013 stats., s. 238.398 (3) , 2013 stats., or s. 238.3995 (4), 2013 stats.,
19or s. 560.795 (5), 2009 stats., s. 560.798 (3), 2009 stats., or s. 560.7995 (4), 2009 stats.
SB148,249 20Section 249. 71.47 (1dm) (f) 2. of the statutes is amended to read:
SB148,82,2421 71.47 (1dm) (f) 2. A statement from the department of commerce or the
22Wisconsin Economic Development Corporation or the Forward Wisconsin
23Development Authority
verifying the purchase price of the investment and verifying
24that the investment fulfills the requirements under par. (b).
SB148,250 25Section 250. 71.47 (1dm) (i) of the statutes is amended to read:
SB148,83,15
171.47 (1dm) (i) Partnerships, limited liability companies, and tax-option
2corporations may not claim the credit under this subsection, but the eligibility for,
3and the amount of, that credit shall be determined on the basis of their economic
4activity, not that of their shareholders, partners, or members. The corporation,
5partnership, or limited liability company shall compute the amount of credit that
6may be claimed by each of its shareholders, partners, or members and provide that
7information to its shareholders, partners, or members. Partners, members of limited
8liability companies, and shareholders of tax-option corporations may claim the
9credit based on the partnership's, company's, or corporation's activities in proportion
10to their ownership interest and may offset it against the tax attributable to their
11income from the partnership's, company's, or corporation's business operations in the
12development zone; except that partners, members, and shareholders in a
13development zone under s. 235.395 (1) (e) or s. 238.395 (1) (e), 2013 stats., or s.
14560.795 (1) (e), 2009 stats., may offset the credit against the amount of the tax
15attributable to their income.
SB148,251 16Section 251. 71.47 (1dm) (j) of the statutes is amended to read:
SB148,84,417 71.47 (1dm) (j) If a person who is entitled under s. 235.395 (3) (a) 4. or s. 238.395
18(3) (a) 4., 2013 stats., or s. 560.795 (3) (a) 4., 2009 stats., to claim tax benefits becomes
19ineligible for such tax benefits, or if a person's certification under s. 235.395 (5),
20235.398 (3), or 235.3995 (4) or
s. 238.395 (5), 2013 stats., s. 238.398 (3), 2013 stats.,
21or s. 238.3995 (4), 2013 stats., or s. 560.795 (5), 2009 stats., s. 560.798 (3), 2009 stats.,
22or s. 560.7995 (4), 2009 stats., is revoked, that person may claim no credits under this
23subsection for the taxable year that includes the day on which the person becomes
24ineligible for tax benefits, the taxable year that includes the day on which the
25certification is revoked, or succeeding taxable years, and that person may carry over

1no unused credits from previous years to offset tax under this chapter for the taxable
2year that includes the day on which the person becomes ineligible for tax benefits,
3the taxable year that includes the day on which the certification is revoked, or
4succeeding taxable years.
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