SB468,43,1914
71.07
(3g) (a) (intro.) Subject to the limitations under this subsection and ss.
1573.03 (35m) and
555.23 and s. 238.23
, 2013 stats., and s. 560.96, 2009 stats., a
16business that is certified under
s. 555.23 (3) or s. 238.23 (3)
, 2013 stats., or s. 560.96
17(3), 2009 stats., may claim as a credit against the taxes imposed under s. 71.02 an
18amount equal to the sum of the following, as established under
s. 555.23 (3) (c) or s.
19238.23 (3) (c)
, 2013 stats., or s. 560.96 (3) (c), 2009 stats.:
SB468,114
20Section
114. 71.07 (3g) (b) of the statutes is amended to read:
SB468,43,2321
71.07
(3g) (b) The department of revenue shall notify the
department of
22commerce or the Wisconsin Economic Development Corporation department of
23economic opportunity of all claims under this subsection.
SB468,115
24Section
115. 71.07 (3g) (e) 2. of the statutes is amended to read:
SB468,44,4
171.07
(3g) (e) 2. The investments that relate to the amount described under par.
2(a) 2. for which a claimant makes a claim under this subsection must be retained for
3use in the technology zone for the period during which the claimant's business is
4certified under
s. 555.23 (3) or s. 238.23 (3)
, 2013 stats., or s. 560.96 (3), 2009 stats.
SB468,116
5Section
116. 71.07 (3g) (f) 1. of the statutes is amended to read:
SB468,44,96
71.07
(3g) (f) 1. A copy of the verification that the claimant's business is
7certified under
s. 555.23 (3) or s. 238.23 (3)
, 2013 stats., or s. 560.96 (3), 2009 stats.,
8and that the business has entered into an agreement under
s. 555.23 (3) (d) or s.
9238.23 (3) (d)
, 2013 stats., or s. 560.96 (3) (d), 2009 stats.
SB468,117
10Section
117. 71.07 (3g) (f) 2. of the statutes is amended to read:
SB468,44,1411
71.07
(3g) (f) 2. A statement from the department of commerce or the Wisconsin
12Economic Development Corporation
or the department of economic opportunity 13verifying the purchase price of the investment described under par. (a) 2. and
14verifying that the investment fulfills the requirement under par. (e) 2.
SB468,118
15Section
118. 71.07 (3q) (a) 1. of the statutes is amended to read:
SB468,44,1716
71.07
(3q) (a) 1. "Claimant" means a person certified to receive tax benefits
17under
s. 555.16 (2) or s. 238.16 (2)
, 2013 stats., or s. 560.2055 (2), 2009 stats.
SB468,119
18Section
119. 71.07 (3q) (a) 2. of the statutes is amended to read:
SB468,44,2419
71.07
(3q) (a) 2. "Eligible employee" means, for taxable years beginning before
20January 1, 2011, an eligible employee under s. 560.2055 (1) (b), 2009 stats., who
21satisfies the wage requirements under s. 560.2055 (3) (a) or (b), 2009 stats., or, for
22taxable years beginning after December 31, 2010, an eligible employee under s.
23238.16 555.16 (1) (b) who satisfies the wage requirements under s.
238.16 555.16 (3)
24(a) or (b).
SB468,120
25Section
120. 71.07 (3q) (b) (intro.) of the statutes is amended to read:
SB468,45,4
171.07
(3q) (b)
Filing claims. (intro.) Subject to the limitations provided in this
2subsection and
s. 555.16 or s. 238.16
, 2013 stats., or s. 560.2055, 2009 stats., for
3taxable years beginning after December 31, 2009, a claimant may claim as a credit
4against the taxes imposed under ss. 71.02 and 71.08 any of the following:
SB468,121
5Section
121. 71.07 (3q) (b) 1. of the statutes is amended to read:
SB468,45,106
71.07
(3q) (b) 1. The amount of wages that the claimant paid to an eligible
7employee in the taxable year, not to exceed 10 percent of such wages, as determined
8by the
department of economic opportunity under s. 555.16 or the Wisconsin
9Economic Development Corporation under s. 238.16
, 2013 stats., or the department
10of commerce under s. 560.2055, 2009 stats.
SB468,122
11Section
122. 71.07 (3q) (b) 2. of the statutes is amended to read:
SB468,45,1512
71.07
(3q) (b) 2. The amount of the costs incurred by the claimant in the taxable
13year, as determined under
s. 555.16 or s. 238.16
, 2013 stats., or s. 560.2055, 2009
14stats., to undertake the training activities described under
s. 555.16 (3) (c) or s.
15238.16 (3) (c)
, 2013 stats., or s. 560.2055 (3) (c), 2009 stats.
SB468,123
16Section
123. 71.07 (3q) (c) 2. of the statutes is amended to read:
SB468,45,2017
71.07
(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. 555.16 (2) or s. 238.16 (2)
, 2013 stats., or s. 560.2055 (2), 2009
20stats.
SB468,124
21Section
124. 71.07 (3q) (c) 3. of the statutes is amended to read:
SB468,46,222
71.07
(3q) (c) 3. The maximum amount of credits that may be awarded under
23this subsection and ss. 71.28 (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 s. 238.15 (3) (d)
, 2013 stats., or s. 560.205 (3) (d), 2009
2stats.
SB468,125
3Section
125. 71.07 (3w) (a) 2. of the statutes is amended to read:
SB468,46,64
71.07
(3w) (a) 2. "Claimant" means a person who is certified to claim tax
5benefits under
s. 555.399 (5) or s. 238.399 (5)
, 2013 stats., or s. 560.799 (5), 2009
6stats., and who files a claim under this subsection.
SB468,126
7Section
126. 71.07 (3w) (a) 3. of the statutes is amended to read:
SB468,46,108
71.07
(3w) (a) 3. "Full-time employee" means a full-time employee, as defined
9in
s. 555.399 (1) (am) or s. 238.399 (1) (am)
, 2013 stats., or s. 560.799 (1) (am), 2009
10stats.
SB468,127
11Section
127. 71.07 (3w) (a) 4. of the statutes is amended to read:
SB468,46,1312
71.07
(3w) (a) 4. "Enterprise zone" means a zone designated under
s. 555.399
13or s. 238.399
, 2013 stats., or s. 560.799, 2009 stats.
SB468,128
14Section
128. 71.07 (3w) (a) 5d. of the statutes is amended to read:
SB468,46,1715
71.07
(3w) (a) 5d. "Tier I county or municipality" means a tier I county or
16municipality, as determined under
s. 555.399 or s. 238.399
, 2013 stats., or s. 560.799,
172009 stats.
SB468,129
18Section
129. 71.07 (3w) (a) 5e. of the statutes is amended to read:
SB468,46,2119
71.07
(3w) (a) 5e. "Tier II county or municipality" means a tier II county or
20municipality, as determined under
s. 555.399 or s. 238.399
, 2013 stats., or s. 560.799,
212009 stats.
SB468,130
22Section
130. 71.07 (3w) (b) (intro.) of the statutes is amended to read:
SB468,47,223
71.07
(3w) (b)
Filing claims; payroll. (intro.) Subject to the limitations
24provided in this subsection and
s. 555.399 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:
SB468,131
3Section
131. 71.07 (3w) (b) 5. of the statutes is amended to read:
SB468,47,64
71.07
(3w) (b) 5. Multiply the amount determined under subd. 4. by the
5percentage determined by under
s. 555.399 or s. 238.399
, 2013 stats., or s. 560.799,
62009 stats., not to exceed 7 percent.
SB468,132
7Section
132. 71.07 (3w) (bm) 1. of the statutes is amended to read:
SB468,47,188
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. 555.399 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. 555.399 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.
SB468,133
19Section
133. 71.07 (3w) (bm) 2. of the statutes is amended to read:
SB468,48,920
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. 555.399 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. 555.399 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.
SB468,134
10Section
134. 71.07 (3w) (bm) 3. of the statutes is amended to read:
SB468,48,1711
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. 555.399 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. 555.399 (5m) or s. 238.399 (5m)
, 2013 stats., or s. 560.799
17(5m), 2009 stats.
SB468,135
18Section
135. 71.07 (3w) (bm) 4. of the statutes is amended to read:
SB468,49,319
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. 555.399 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. 555.399
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.
SB468,136
4Section
136. 71.07 (3w) (c) 3. of the statutes is amended to read:
SB468,49,85
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. 555.399 (5) or (5m) or s. 238.399 (5) or (5m)
, 2013 stats., or s.
8560.799 (5) or (5m), 2009 stats.
SB468,137
9Section
137. 71.07 (3w) (d) of the statutes is amended to read:
SB468,49,1410
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 department of economic opportunity.
SB468,49,1817
71.07
(3y) (a) 1. "Claimant" means a person certified to receive tax benefits
18under s.
238.308 555.308.
SB468,49,2221
71.07
(3y) (a) 2. "Eligible employee" has the meaning given in s.
238.308 22555.308 (1) (a).
SB468,50,4
171.07
(3y) (b)
Filing claims. (intro.) Subject to the limitations provided in this
2subsection and s.
238.308 555.308, for taxable years beginning after December 31,
32015, a claimant may claim as a credit against the tax imposed under ss. 71.02 and
471.08 all of the following:
SB468,50,107
71.07
(3y) (b) 1. The amount of wages that the claimant paid to an eligible
8employee in the taxable year, not to exceed 10 percent of such wages, as determined
9by the
Wisconsin Economic Development Corporation
department of economic
10opportunity under s.
238.308 555.308.
SB468,50,1713
71.07
(3y) (b) 2. In addition to any amount claimed for an eligible employee
14under subd. 1., the amount of wages that the claimant paid to the eligible employee
15in the taxable year, not to exceed 5 percent of such wages, if the eligible employee is
16employed in an economically distressed area, as determined by the
Wisconsin
17Economic Development Corporation department of economic opportunity.
SB468,50,2320
71.07
(3y) (b) 3. The amount of training costs that the claimant incurred under
21s.
238.308 555.308 (4) (a) 3., not to exceed 50 percent of such costs, as determined by
22the
Wisconsin Economic Development Corporation department of economic
23opportunity.
SB468,51,5
171.07
(3y) (b) 4. The amount of the personal property investment, not to exceed
23 percent of such investment, and the amount of the real property investment, not
3to exceed 5 percent of such investment, in a capital investment project that satisfies
4s.
238.308 555.308 (4) (a) 4., as determined by the
Wisconsin Economic Development
5Corporation department of economic opportunity.
SB468,51,158
71.07
(3y) (b) 5. An amount, as determined by the
Wisconsin Economic
9Development Corporation department of economic opportunity under s.
238.308 10555.308 (4) (a) 5., equal to a percentage of the amount of wages that the claimant paid
11to an eligible employee in the taxable year if the position in which the eligible
12employee was employed was created or retained in connection with the claimant's
13location or retention of the claimant's corporate headquarters in Wisconsin and the
14job duties associated with the eligible employee's position involve the performance
15of corporate headquarters functions.
SB468,51,2018
71.07
(3y) (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.
238.308 555.308.
SB468,147
21Section
147. 71.07 (5b) (a) 2. of the statutes is amended to read:
SB468,51,2322
71.07
(5b) (a) 2. "Fund manager" means an investment fund manager certified
23under
s. 555.15 (2) or s. 238.15 (2)
, 2013 stats., or s. 560.205 (2), 2009 stats.
SB468,148
24Section
148. 71.07 (5b) (b) 1. of the statutes is amended to read:
SB468,52,7
171.07
(5b) (b) 1. For taxable years beginning after December 31, 2004, subject
2to the limitations provided under this subsection and
s. 555.15 or s. 238.15
, 2013
3stats., or s. 560.205, 2009 stats., and except as provided in subd. 2., a claimant may
4claim as a credit against the tax imposed under ss. 71.02 and 71.08, up to the amount
5of those taxes, 25 percent of the claimant's investment paid to a fund manager that
6the fund manager invests in a business certified under
s. 555.15 (1) or s. 238.15 (1)
,
72013 stats., or s. 560.205 (1), 2009 stats.
SB468,149
8Section
149. 71.07 (5b) (b) 2. of the statutes is amended to read:
SB468,52,179
71.07
(5b) (b) 2. In the case of a partnership, limited liability company, or
10tax-option corporation, the computation of the 25 percent limitation under subd. 1.
11shall be determined at the entity level rather than the claimant level and may be
12allocated among the claimants who make investments in the manner set forth in the
13entity's organizational documents. The entity shall provide to the department of
14revenue and to the
department of commerce or the Wisconsin Economic
15Development Corporation department of economic opportunity the names and tax
16identification numbers of the claimants, the amounts of the credits allocated to the
17claimants, and the computation of the allocations.
SB468,150
18Section
150. 71.07 (5b) (d) 3. of the statutes is amended to read:
SB468,52,2319
71.07
(5b) (d) 3. Except as provided under s.
238.15 555.15 (3) (d) (intro.), for
20investments made after December 31, 2007, if an investment for which a claimant
21claims a credit under par. (b) is held by the claimant for less than 3 years, the
22claimant shall pay to the department, in the manner prescribed by the department,
23the amount of the credit that the claimant received related to the investment.
SB468,151
24Section
151. 71.07 (5d) (a) 1. (intro.) of the statutes is amended to read:
SB468,53,3
171.07
(5d) (a) 1. (intro.) "Bona fide angel investment" means a purchase of an
2equity interest, or any other expenditure, as determined
by rule under
s. 555.15 or 3s. 238.15
, 2013 stats., or s. 560.205, 2009 stats., that is made by any of the following:
SB468,152
4Section
152. 71.07 (5d) (a) 2m. of the statutes is amended to read:
SB468,53,85
71.07
(5d) (a) 2m. "Person" means a partnership or limited liability company
6that is a nonoperating entity, as determined by the
department of commerce or the
7Wisconsin Economic Development Corporation department of economic opportunity,
8a natural person, or fiduciary.
SB468,153
9Section
153. 71.07 (5d) (a) 3. of the statutes is amended to read:
SB468,53,1110
71.07
(5d) (a) 3. "Qualified new business venture" means a business that is
11certified under
s. 555.15 (1) or s. 238.15 (1)
, 2013 stats., or s. 560.205 (1), 2009 stats.
SB468,154
12Section
154. 71.07 (5d) (b) (intro.) of the statutes is amended to read:
SB468,53,1613
71.07
(5d) (b)
Filing claims. (intro.) Subject to the limitations provided in this
14subsection and in
s. 555.15 or s. 238.15
, 2013 stats., or s. 560.205, 2009 stats., a
15claimant may claim as a credit against the tax imposed under s. 71.02 or 71.08, up
16to the amount of those taxes, the following:
SB468,155
17Section
155. 71.07 (5d) (b) 1. of the statutes is amended to read:
SB468,53,2318
71.07
(5d) (b) 1. For taxable years beginning before January 1, 2008, in each
19taxable year for 2 consecutive years, beginning with the taxable year as certified by
20the department of commerce
or, the Wisconsin Economic Development Corporation
,
21or the department of economic opportunity, an amount equal to 12.5 percent of the
22claimant's bona fide angel investment made directly in a qualified new business
23venture.
SB468,156
24Section
156. 71.07 (5d) (b) 2. of the statutes is amended to read:
SB468,54,5
171.07
(5d) (b) 2. For taxable years beginning after December 31, 2007, for the
2taxable year certified by the department of commerce
or
, the Wisconsin Economic
3Development Corporation
, or the department of economic opportunity, an amount
4equal to 25 percent of the claimant's bona fide angel investment made directly in a
5qualified new business venture.
SB468,157
6Section
157. 71.07 (5d) (c) 2. of the statutes is amended to read:
SB468,54,117
71.07
(5d) (c) 2. For taxable years beginning before January 1, 2008, the
8maximum amount of a claimant's investment that may be used as the basis for a
9credit under this subsection is $2,000,000 for each investment made directly in a
10business certified under
s. 555.15 (1) or s. 238.15 (1)
, 2013 stats., or s. 560.205 (1),
112009 stats.