SB30,533,323 71.07 (9e) (aq) For taxable years beginning after December 31, 2017, an
24individual may credit against the tax imposed under s. 71.02 an amount equal to 7.5
25percent of the federal basic earned income credit for which the person would have

1been eligible for the taxable year under section 32 (b) (1) (A) to (C) of the Internal
2Revenue Code if the individual's noncustodial child met the definition of qualifying
3child, and if all of the following apply for the taxable year to which the claim relates:
SB30,533,44 1. The individual did not claim the credit under par. (aj).
SB30,533,55 2. The individual is a full-year resident of this state.
SB30,533,66 3. At any point in the taxable year, the individual is at least 18 years old.
SB30,533,87 4. The individual is the parent of at least one child who did not have the same
8principal place of abode as the claimant.
SB30,533,119 5. For at least one-half of the taxable year, a court order was in effect requiring
10the claimant to make child support payments for the child with regard to whom the
11claimant is claiming the credit under this paragraph.
SB30,533,1412 6. The claimant has paid in full all amounts of court-ordered child support
13payments described under subd. 5., and the department of revenue has verified that
14such payments have in fact been made by the claimant.
SB30,1050 15Section 1050 . 71.07 (9e) (h) of the statutes is created to read:
SB30,533,2016 71.07 (9e) (h) 1. Subject to subd. 2., for taxable years beginning after December
1731, 2017, no credit may be allowed under this subsection to an individual with a
18disqualified loss of greater than $15,000 deducted in determining Wisconsin
19adjusted gross income. In this subdivision, “disqualified loss" has the meaning given
20in s. 71.52 (1e).
SB30,533,2521 2. Subdivision 1. does not apply to a claimant who is a farmer whose primary
22income is from farming and whose farming generates less than $250,000 in gross
23receipts from the operation of farm premises in the year to which the claim relates.
24In this subdivision, “farmer,” “farming,” and “farm premises” have the meanings
25given in s. 102.04 (3).
SB30,1051
1Section 1051. 71.07 (9m) (i) of the statutes is created to read:
SB30,534,72 71.07 (9m) (i) 1. a. Except as provided in subd. 1. b., if the activity for which
3a person claims a credit under this subsection creates fewer full-time jobs than
4projected under s. 238.17 (3) (a), as reported to the department under s. 238.17 (4),
5the person who claimed the credit shall repay to the department any amount of the
6credit claimed, as determined by the department, in proportion to the number of
7full-time jobs created compared to the number of full-time jobs projected.
SB30,534,98 b. For purposes of subd. 1. a., the person who initially sells or transfers a credit
9under par. (h) is responsible for repaying the credit.
SB30,534,1410 2. If a person who claims a credit under this subsection and a credit under
11section 47 of the Internal Revenue Code for the same qualified rehabilitation
12expenditures is required to repay any amount of the credit claimed under section 47
13of the Internal Revenue Code, the person shall repay to the department a
14proportionate amount of the credit claimed under this subsection.
SB30,1052 15Section 1052 . 71.08 (1) (intro.) of the statutes is amended to read:
SB30,534,2416 71.08 (1) Imposition. (intro.) If the tax imposed on a natural person, married
17couple filing jointly, trust, or estate under s. 71.02, not considering the credits under
18ss. 71.07 (1), (2dx), (2dy), (3m), (3n), (3p), (3q), (3r), (3rm), (3rn), (3s), (3t), (3w), (3y),
19(4k), (5b), (5d), (5e), (5f), (5h), (5i), (5j), (5n), (6), (6e), (8m), (8r), (9e), (9m), and (9r),
2071.28 (1dx), (1dy), (2m), (3), (3n), (3t), (3w), and (3y), 71.47 (1dx), (1dy), (2m), (3), (3n),
21(3t), (3w), and (3y), 71.57 to 71.61, and 71.613 and subch. VIII and payments to other
22states under s. 71.07 (7), is less than the tax under this section, there is imposed on
23that natural person, married couple filing jointly, trust or estate, instead of the tax
24under s. 71.02, an alternative minimum tax computed as follows:
SB30,1053 25Section 1053 . 71.10 (4) (i) of the statutes is amended to read:
SB30,535,14
171.10 (4) (i) The total of claim of right credit under s. 71.07 (1), farmland
2preservation credit under ss. 71.57 to 71.61, farmland preservation credit, 2010 and
3beyond under s. 71.613, homestead credit under subch. VIII, farmland tax relief
4credit under s. 71.07 (3m), dairy manufacturing facility investment credit under s.
571.07 (3p), jobs tax credit under s. 71.07 (3q), meat processing facility investment
6credit under s. 71.07 (3r), woody biomass harvesting and processing credit under s.
771.07 (3rm), food processing plant and food warehouse investment credit under s.
871.07 (3rn), business development credit under s. 71.07 (3y), film production services
9credit under s. 71.07 (5f), film production company investment credit under s. 71.07
10(5h), young adult employment credit under s. 71.07 (8m), veterans and surviving
11spouses property tax credit under s. 71.07 (6e), enterprise zone jobs credit under s.
1271.07 (3w), beginning farmer and farm asset owner tax credit under s. 71.07 (8r),
13earned income tax credit under s. 71.07 (9e), estimated tax payments under s. 71.09,
14and taxes withheld under subch. X.
SB30,1054 15Section 1054 . 71.125 (1) of the statutes is amended to read:
SB30,535,1916 71.125 (1) Except as provided in sub. (2), the tax imposed by this chapter on
17individuals and the rates under s. 71.06 (1), (1m), (1n), (1p), (1q), (1r), and (2) shall
18apply to the Wisconsin taxable income of estates or trusts, except nuclear
19decommissioning trust or reserve funds, and that tax shall be paid by the fiduciary.
SB30,1055 20Section 1055 . 71.125 (2) of the statutes is amended to read:
SB30,535,2521 71.125 (2) Each electing small business trust, as defined in section 1361 (e) (1)
22of the Internal Revenue Code, is subject to tax at the highest rate under s. 71.06 (1),
23(1m), (1n), (1p), or (1q), or (1r), whichever taxable year is applicable, on its income
24as computed under section 641 of the Internal Revenue Code, as modified by s. 71.05
25(6) to (12), (19) and (20).
SB30,1056
1Section 1056. 71.17 (6) of the statutes is amended to read:
SB30,536,52 71.17 (6) Funeral trusts. If a qualified funeral trust makes the election under
3section 685 of the Internal Revenue Code for federal income tax purposes, that
4election applies for purposes of this chapter and each trust shall compute its own tax
5and shall apply the rates under s. 71.06 (1), (1m), (1n), (1p), or (1q), or (1r).
SB30,1057 6Section 1057 . 71.20 (1) of the statutes is amended to read:
SB30,536,177 71.20 (1) Every partnership shall furnish to the department a true and
8accurate statement, on or before April 15 of each year, except that returns for fiscal
9years ending on some other date than December 31 shall be furnished on or before
10the 15th day of the 4th month following the close of such fiscal year
the date on which
11the partnership is required to file for federal income tax purposes, not including any
12extension, under the Internal Revenue Code
, in such the manner and form and
13setting forth such the facts as the department deems necessary to enforce this
14chapter. A partnership that is the owner of a single-owner entity that is disregarded
15as a separate entity under section 7701 of the Internal Revenue Code shall include
16that entity's information on the owner's return under this subchapter. The
17statement shall be subscribed by one of the members partners of the partnership.
SB30,1058 18Section 1058 . 71.22 (4) (b) of the statutes is repealed.
SB30,1059 19Section 1059 . 71.22 (4) (j) 1. of the statutes is amended to read:
SB30,536,2420 71.22 (4) (j) 1. For taxable years beginning after December 31, 2013, and before
21January 1, 2017,
“Internal Revenue Code" means the federal Internal Revenue Code
22as amended to December 31, 2013, except as provided in subds. 2. and 3. and subject
23to subd. 4., and except as provided in sub. (4m) and ss. 71.26 (2) (b) and (3), 71.34 (1g),
24and 71.42 (2).
SB30,1060 25Section 1060 . 71.22 (4) (j) 3. i. of the statutes is created to read:
SB30,537,1
171.22 (4) (j) 3. i. Section 2004 of P.L. 114-41.
SB30,1061 2Section 1061 . 71.22 (4) (j) 3. j. of the statutes is created to read:
SB30,537,33 71.22 (4) (j) 3. j. Sections 503 and 504 of P.L. 114-74.
SB30,1062 4Section 1062 . 71.22 (4) (j) 3. k. of the statutes is created to read:
SB30,537,65 71.22 (4) (j) 3. k. Sections 103, 104, 124, 168, 184, 185, 190, 204, 303, 306, 336,
6and 341 of division Q of P.L. 114-113.
SB30,1063 7Section 1063 . 71.22 (4) (j) 3. L. of the statutes is created to read:
SB30,537,88 71.22 (4) (j) 3. L. P.L. 114-239.
SB30,1064 9Section 1064 . 71.22 (4) (k) of the statutes is created to read:
SB30,537,1310 71.22 (4) (k) 1. For taxable years beginning after December 31, 2016, “Internal
11Revenue Code" means the federal Internal Revenue Code as amended to December
1231, 2016, except as provided in subds. 2. and 3. and subject to subd. 4., and except
13as provided in sub. (4m) and ss. 71.26 (2) (b) and (3), 71.34 (1g), and 71.42 (2).
SB30,538,314 2. For purposes of this paragraph, “Internal Revenue Code" does not include
15the following provisions of federal public laws for taxable years beginning after
16December 31, 2016: section 13113 of P.L 103-66; sections 1, 3, 4, and 5 of P.L.
17106-519; sections 101, 102, and 422 of P.L 108-357; sections 1310 and 1351 of P.L.
18109-58; section 11146 of P.L. 109-59; section 403 (q) of P.L. 109-135; section 513 of
19P.L. 109-222; sections 104 and 307 of P.L. 109-432; sections 8233 and 8235 of P.L.
20110-28; section 11 (e) and (g) of P.L. 110-172; section 301 of P.L. 110-245; section
2115351 of P.L. 110-246; section 302 of division A, section 401 of division B, and sections
22312, 322, 502 (c), 707, and 801 of division C of P.L. 110-343; sections 1232, 1241, 1251,
231501, and 1502 of division B of P.L. 111-5; sections 211, 212, 213, 214, and 216 of P.L.
24111-226; sections 2011 and 2122 of P.L. 111-240; sections 753, 754, and 760 of P.L.
25111-312; section 1106 of P.L. 112-95; sections 104, 318, 322, 323, 324, 326, 327, and

1411 of P.L. 112-240; P.L. 114-7; section 1101 of P.L. 114-74; section 305 of division
2P of P.L. 114-113; and sections 112, 123, 125 to 128, 143, 144, 151 to 153, 165 to 167,
3169 to 171, 189, 191, 307, 326, and 411 of division Q of P.L. 114-113.
SB30,538,54 3. For purposes of this paragraph, “Internal Revenue Code" does not include
5amendments to the federal Internal Revenue Code enacted after December 31, 2016.
SB30,538,126 4. For purposes of this paragraph, the provisions of federal public laws that
7directly or indirectly affect the Internal Revenue Code, as defined in this paragraph,
8apply for Wisconsin purposes at the same time as for federal purposes, except that
9changes made by section 4007 (b) of P.L. 114-41, section 1102 of P.L. 114-74, sections
10105, 111, 113 to 115, 133, 301, 302, 304, 305, 308, 311, 313 to 323, 325, 331, and 343
11to 345 of division Q of P.L. 114-113 first apply for taxable years beginning after
12December 31, 2016.
SB30,1065 13Section 1065 . 71.22 (4m) (b) of the statutes is repealed.
SB30,1066 14Section 1066 . 71.22 (4m) (j) 1. of the statutes is amended to read:
SB30,538,1915 71.22 (4m) (j) 1. For taxable years beginning after December 31, 2013, and
16before January 1, 2017,
“Internal Revenue Code", for corporations that are subject
17to a tax on unrelated business income under s. 71.26 (1) (a), means the federal
18Internal Revenue Code as amended to December 31, 2013, except as provided in
19subds. 2. and 3. and subject to subd. 4.
SB30,1067 20Section 1067 . 71.22 (4m) (j) 3. i. of the statutes is created to read:
SB30,538,2121 71.22 (4m) (j) 3. i. Section 2004 of P.L. 114-41.
SB30,1068 22Section 1068 . 71.22 (4m) (j) 3. j. of the statutes is created to read:
SB30,538,2323 71.22 (4m) (j) 3. j. Sections 503 and 504 of P.L. 114-74.
SB30,1069 24Section 1069 . 71.22 (4m) (j) 3. k. of the statutes is created to read:
SB30,539,2
171.22 (4m) (j) 3. k. Sections 103, 104, 124, 168, 184, 185, 190, 204, 303, 306, 336,
2and 341 of division Q of P.L. 114-113.
SB30,1070 3Section 1070 . 71.22 (4m) (j) 3. L. of the statutes is created to read:
SB30,539,44 71.22 (4m) (j) 3. L. P.L. 114-239.
SB30,1071 5Section 1071 . 71.22 (4m) (k) of the statutes is created to read:
SB30,539,106 71.22 (4m) (k) 1. For taxable years beginning after December 31, 2016,
7“Internal Revenue Code", for corporations that are subject to a tax on unrelated
8business income under s. 71.26 (1) (a), means the federal Internal Revenue Code as
9amended to December 31, 2016, except as provided in subds. 2. and 3. and subject
10to subd. 4.
SB30,539,2511 2. For purposes of this paragraph, “Internal Revenue Code" does not include
12the following provisions of federal public laws for taxable years beginning after
13December 31, 2016: section 13113 of P.L 103-66; sections 1, 3, 4, and 5 of P.L.
14106-519; sections 101, 102, and 422 of P.L 108-357; sections 1310 and 1351 of P.L.
15109-58; section 11146 of P.L. 109-59; section 403 (q) of P.L. 109-135; section 513 of
16P.L. 109-222; sections 104 and 307 of P.L. 109-432; sections 8233 and 8235 of P.L.
17110-28; section 11 (e) and (g) of P.L. 110-172; section 301 of P.L. 110-245; section
1815351 of P.L. 110-246; section 302 of division A, section 401 of division B, and sections
19312, 322, 502 (c), 707, and 801 of division C of P.L. 110-343; sections 1232, 1241, 1251,
201501, and 1502 of division B of P.L. 111-5; sections 211, 212, 213, 214, and 216 of P.L.
21111-226; sections 2011 and 2122 of P.L. 111-240; sections 753, 754, and 760 of P.L.
22111-312; section 1106 of P.L. 112-95; sections 104, 318, 322, 323, 324, 326, 327, and
23411 of P.L. 112-240; P.L. 114-7; section 1101 of P.L. 114-74; section 305 of division
24P of P.L. 114-113; and sections 112, 123, 125 to 128, 143, 144, 151 to 153, 165 to 167,
25169 to 171, 189, 191, 307, 326, and 411 of division Q of P.L. 114-113.
SB30,540,2
13. For purposes of this paragraph, “Internal Revenue Code" does not include
2amendments to the federal Internal Revenue Code enacted after December 31, 2016.
SB30,540,93 4. For purposes of this paragraph, the provisions of federal public laws that
4directly or indirectly affect the Internal Revenue Code, as defined in this paragraph,
5apply for Wisconsin purposes at the same time as for federal purposes, except that
6changes made by section 4007 (b) of P.L. 114-41, section 1102 of P.L. 114-74, sections
7105, 111, 113 to 115, 133, 301, 302, 304, 305, 308, 311, 313 to 323, 325, 331, and 343
8to 345 of division Q of P.L. 114-113 first apply for taxable years beginning after
9December 31, 2016.
SB30,1072 10Section 1072 . 71.24 (1) of the statutes is amended to read:
SB30,541,411 71.24 (1) Filing returns. Every corporation, except corporations a corporation
12all of whose income is exempt from taxation and except as provided in sub. (1m), shall
13furnish to the department a true and accurate statement, on or before March 15 of
14each year, except that returns for fiscal years ending on some other date than
15December 31 shall be furnished on or before the 15th day of the 3rd month following
16the close of such fiscal year and except that returns for less than a full taxable year
17shall be furnished on or before
the date applicable on which the corporation is
18required to file
for federal income taxes tax purposes, not including any extension,
19under the internal revenue code Internal Revenue Code, in such the manner and
20form and setting forth such the facts as the department deems necessary to enforce
21this chapter. Every corporation that is required to furnish a statement under this
22subsection and that has income that is not taxable under this subchapter shall
23include with its the corporation's statement a report that identifies each item of its
24the corporation's nontaxable income. The statement shall be subscribed by the
25president, vice president, treasurer, assistant treasurer, chief accounting officer, or

1any other officer duly authorized so to act. In the case of a return made for a
2corporation by a fiduciary, the fiduciary shall subscribe the return. The fact that an
3individual's name is subscribed on the return shall be prima facie evidence that the
4individual is authorized to subscribe the return on behalf of the corporation.
SB30,1073 5Section 1073 . 71.24 (1m) of the statutes is amended to read:
SB30,541,126 71.24 (1m) Unrelated business income statement. Every corporation subject
7to a tax on unrelated business income under s. 71.26 (1) (a), if that corporation is
8required to file for federal income tax purposes, shall furnish to the department of
9revenue
a true and accurate statement on or before the date on or before which it the
10corporation
is required to file for federal income tax purposes , not including any
11extension, under the Internal Revenue Code
. The requirements about manner, form,
12and subscription under sub. (1) apply to statements under this subsection.
SB30,1074 13Section 1074 . 71.24 (9) (a) of the statutes is amended to read:
SB30,541,1614 71.24 (9) (a) Corporation franchise and income taxes not paid on or before the
1515th day of the 3rd month following the close of the taxable year deadline for filing
16returns described in sub. (1) or (1m)
shall be deemed delinquent.
SB30,1075 17Section 1075 . 71.25 (9) (dh) 2. b. of the statutes is amended to read:
SB30,541,2018 71.25 (9) (dh) 2. b. The service relates to tangible personal property that is
19located in this state at the time that the service is received or
tangible personal
20property that is delivered directly or indirectly to customers in this state.
SB30,1076 21Section 1076 . 71.25 (9) (dh) 2. c. of the statutes is amended to read:
SB30,541,2322 71.25 (9) (dh) 2. c. The service is provided to purchased by an individual who
23is physically present in this state at the time that the service is received.
SB30,1077 24Section 1077 . 71.255 (2) (a) of the statutes is amended to read:
SB30,542,9
171.255 (2) (a) A corporation, not including a corporation of which all its income
2is exempt from taxation under s. 71.26 (1) or 71.45 (1), except as provided in par. (am),
3engaged in a unitary business with one or more other corporations in the same
4commonly controlled group shall report its share of income from that unitary
5business in the amount determined by a combined report filed by a designated agent
6of the unitary business, as determined under sub. (7). The combined report shall
7include the income, determined under sub. (3), and apportionment factor or factors
8determined under sub. (5), of every corporation in the commonly controlled group
9that is engaged in the unitary business, except as provided in pars. (b) (am) to (f).
SB30,1078 10Section 1078 . 71.255 (2) (am) of the statutes is created to read:
SB30,542,2011 71.255 (2) (am) A captive insurance company is subject to the requirements of
12par. (a) even if all of its income is exempt from taxation under s. 71.45 (1), but the
13captive insurance company's share of business income of the combined group, as
14determined in sub. (5), is exempt from taxation. For purposes of this paragraph, a
15“captive insurance company" means a corporation that insures the risks primarily
16of itself or persons to which it is related, as determined under section 267 (b) of the
17Internal Revenue Code, including a subsidiary captive insurance company, an
18association captive insurance company, an industrial insured captive insurance
19company, and a captive insurance company that is organized as a protected cell
20company.
SB30,1079 21Section 1079 . 71.26 (2) (b) 2. of the statutes is repealed.
SB30,1080 22Section 1080 . 71.26 (2) (b) 10. a. of the statutes is amended to read:
SB30,543,623 71.26 (2) (b) 10. a. For taxable years beginning after December 31, 2013, and
24before January 1, 2017,
for a corporation, conduit, or common law trust which
25qualifies as a regulated investment company, real estate mortgage investment

1conduit, real estate investment trust, or financial asset securitization investment
2trust under the Internal Revenue Code, “net income" means the federal regulated
3investment company taxable income, federal real estate mortgage investment
4conduit taxable income, federal real estate investment trust or financial asset
5securitization investment trust taxable income of the corporation, conduit, or trust
6as determined under the Internal Revenue Code.
SB30,1081 7Section 1081 . 71.26 (2) (b) 10. d. of the statutes is amended to read:
SB30,543,158 71.26 (2) (b) 10. d. For purposes of subd. 10. a., “Internal Revenue Code" does
9not include amendments to the federal Internal Revenue Code enacted after
10December 31, 2013, except that “Internal Revenue Code" includes the provisions of
11P.L. 113-97, P.L. 113-159, P.L. 113-168, section 302901 of P.L. 113-287, sections 171,
12172, and 201 to 221 of P.L. 113-295, sections 102, 105, and 207 of division B of P.L.
13113-295, P.L. 114-14, and P.L. 114-26, section 2004 of P.L. 114-41, sections 503 and
14504 of P.L. 114-74, sections 103, 104, 124, 168, 184, 185, 190, 204, 303, 306, 336, and
15341 of division Q of P.L. 114-113, and P.L. 114-239
.
SB30,1082 16Section 1082 . 71.26 (2) (b) 11. of the statutes is created to read:
SB30,543,2417 71.26 (2) (b) 11. a. For taxable years beginning after December 31, 2016, for a
18corporation, conduit, or common law trust which qualifies as a regulated investment
19company, real estate mortgage investment conduit, real estate investment trust, or
20financial asset securitization investment trust under the Internal Revenue Code,
21“net income" means the federal regulated investment company taxable income,
22federal real estate mortgage investment conduit taxable income, federal real estate
23investment trust or financial asset securitization investment trust taxable income
24of the corporation, conduit, or trust as determined under the Internal Revenue Code.
SB30,544,3
1b. For purposes of subd. 11. a., “Internal Revenue Code" means the federal
2Internal Revenue Code as amended to December 31, 2016, except as provided in
3subd. 11. c. and d. and subject to subd. 11. e.
SB30,544,184 c. For purposes of subd. 11. a., “Internal Revenue Code" does not include the
5following provisions of federal public laws for taxable years beginning after
6December 31, 2016: section 13113 of P.L 103-66; sections 1, 3, 4, and 5 of P.L.
7106-519; sections 101, 102, and 422 of P.L 108-357; sections 1310 and 1351 of P.L.
8109-58; section 11146 of P.L. 109-59; section 403 (q) of P.L. 109-135; section 513 of
9P.L. 109-222; sections 104 and 307 of P.L. 109-432; sections 8233 and 8235 of P.L.
10110-28; section 11 (e) and (g) of P.L. 110-172; section 301 of P.L. 110-245; section
1115351 of P.L. 110-246; section 302 of division A, section 401 of division B, and sections
12312, 322, 502 (c), 707, and 801 of division C of P.L. 110-343; sections 1232, 1241, 1251,
131501, and 1502 of division B of P.L. 111-5; sections 211, 212, 213, 214, and 216 of P.L.
14111-226; sections 2011 and 2122 of P.L. 111-240; sections 753, 754, and 760 of P.L.
15111-312; section 1106 of P.L. 112-95; sections 104, 318, 322, 323, 324, 326, 327, and
16411 of P.L. 112-240; P.L. 114-7; section 1101 of P.L. 114-74; section 305 of division
17P of P.L. 114-113; and sections 112, 123, 125 to 128, 143, 144, 151 to 153, 165 to 167,
18169 to 171, 189, 191, 307, 326, and 411 of division Q of P.L. 114-113.
SB30,544,2019 d. For purposes of subd. 11. a., “Internal Revenue Code" does not include
20amendments to the federal Internal Revenue Code enacted after December 31, 2016.
SB30,545,221 e. For purposes of subd. 11. a., the provisions of federal public laws that directly
22or indirectly affect the Internal Revenue Code, as defined in this subdivision, apply
23for Wisconsin purposes at the same time as for federal purposes, except that changes
24made by section 4007 (b) of P.L. 114-41, section 1102 of P.L. 114-74, sections 105, 111,
25113 to 115, 133, 301, 302, 304, 305, 308, 311, 313 to 323, 325, 331, and 343 to 345 of

1division Q of P.L. 114-113 first apply for taxable years beginning after December 31,
22016.
SB30,1083 3Section 1083 . 71.26 (4) (a) of the statutes is amended to read:
SB30,545,204 71.26 (4) (a) Except as provided in par. (b) and s. 71.80 (25), a corporation,
5except a tax-option corporation or an insurer to which s. 71.45 (4) applies, may offset
6against its Wisconsin net business income any Wisconsin net business loss sustained
7incurred in any of the next 20 immediately preceding taxable years, if the corporation
8was subject to taxation under this chapter in the taxable year in which the loss was
9sustained incurred, to the extent not offset by other items of Wisconsin income in the
10loss year and by Wisconsin net business income of any year between the loss year and
11the taxable year for which an offset is claimed. For purposes of this subsection,
12Wisconsin net business income or loss shall consist of all the income attributable to
13the operation of a trade or business in this state, less the business expenses allowed
14as deductions in computing net income. The Wisconsin net business income or loss
15of corporations engaged in business within and without the state shall be determined
16under s. 71.25 (6) and (10) to (12). Nonapportionable losses having a Wisconsin situs
17under s. 71.25 (5) (b) shall be included in Wisconsin net business loss; and
18nonapportionable income having a Wisconsin situs under s. 71.25 (5) (b), whether
19taxable or exempt, shall be included in other items of Wisconsin income and
20Wisconsin net business income for purposes of this subsection.
SB30,1084 21Section 1084 . 71.28 (3q) (d) 2. of the statutes is amended to read:
SB30,546,522 71.28 (3q) (d) 2. If the allowable amount of the claim under par. (b) exceeds the
23tax otherwise due under s. 71.23, the amount of the claim not used to offset the tax
24due shall be certified by the department of revenue to the department of
25administration for payment by check, share draft, or other draft drawn from the

1appropriation account under s. 20.835 (2) (bb), except that the amounts certified
2under this subdivision for taxable years beginning after December 31, 2009, and
3before January 1, 2012, shall be paid in taxable years beginning after December 31,
42011. Notwithstanding s. 71.82, no interest shall be paid on amounts certified under
5this subdivision.
SB30,1085 6Section 1085 . 71.28 (3w) (c) 1. of the statutes is amended to read:
SB30,546,137 71.28 (3w) (c) 1. If the allowable amount of the claim under this subsection
8exceeds the taxes otherwise due on the claimant's income under s. 71.23, the amount
9of the claim that is not used to offset those taxes shall be certified by the department
10of revenue to the department of administration for payment by check, share draft,
11or other draft drawn from the appropriation under s. 20.835 (2) (co).
12Notwithstanding s. 71.82, no interest shall be paid on amounts certified under this
13subdivision.
Loading...
Loading...