AB43,889,2118
4. If the claimant is married and filing jointly and the sum of the claimant's
19adjusted gross income and his or her spouse's adjusted gross income is at least
20$150,000 but less than $175,000 in the year to which the claim relates, an amount
21that is calculated as follows:
AB43,889,2422
a. Calculate the value of a fraction, the denominator of which is $25,000 and
23the numerator of which is the difference between the married couple's adjusted gross
24income and $150,000.
AB43,889,2525
b. Subtract from 1.0 the amount that is calculated under subd. 4. a.
AB43,890,1
1c. Multiply the amount that is calculated under subd. 4. b. by 10 percent.
AB43,890,32
d. Multiply the amount of the married couple's net income tax liability by the
3amount that is calculated under subd. 4. c.
AB43,890,64
5. If the claimant is married and filing separately and his or her adjusted gross
5income is less than $75,000 in the year to which the claim relates, the greater of $50
6or an amount equal to 10 percent of his or her net tax liability.
AB43,890,97
6. If the claimant is married and filing separately and his or her adjusted gross
8income is at least $75,000 but less than $87,500 in the year to which the claim relates,
9an amount that is calculated as follows:
AB43,890,1210
a. Calculate the value of a fraction, the denominator of which is $12,500 and
11the numerator of which is the difference between the claimant's adjusted gross
12income and $75,000.
AB43,890,1313
b. Subtract from 1.0 the amount that is calculated under subd. 6. a.
AB43,890,1414
c. Multiply the amount that is calculated under subd. 6. b. by 10 percent.
AB43,890,1615
d. Multiply the amount of the claimant's net income tax liability by the amount
16that is calculated under subd. 6. c.
AB43,890,1817
(c)
Limitations. 1. No credit may be allowed under this subsection unless it
18is claimed within the period under s. 71.75 (2).
AB43,890,2019
2. Part-year residents and nonresidents of this state are not eligible for the
20credit under this subsection.
AB43,890,2221
3. Except as provided in subd. 4., only one credit per household is allowed each
22year.
AB43,891,223
4. If a married couple files separately, each spouse may claim the credit
24calculated under par. (b) 5. or 6., except a married person living apart from the other
1spouse and treated as single under section
7703 (b) of the Internal Revenue Code may
2claim the credit under par. (b) 1. or 2.
AB43,891,43
5. The credit under this subsection may not be claimed by a person who may
4be claimed as a dependent on the individual income tax return of another taxpayer.
AB43,891,95
(d)
Administration. The department of revenue may enforce the credit under
6this subsection and may take any action, conduct any proceeding, and proceed as it
7is authorized in respect to taxes under this chapter. The income tax provisions in this
8chapter relating to assessments, refunds, appeals, collection, interest, and penalties
9apply to the credit under this subsection.
AB43,1412
10Section
1412. 71.07 (5n) (a) 5. a. of the statutes is amended to read:
AB43,891,1711
71.07
(5n) (a) 5. a. “Manufacturing property factor" means a fraction, the
12numerator of which is the average value of the claimant's
real and personal land and
13depreciable property
assessed under s. 70.995, owned or rented and used in this state
14by the claimant during the taxable year to manufacture qualified production
15property, and the denominator of which is the average value of all the claimant's
real
16and personal land and depreciable property owned or rented during the taxable year
17and used by the claimant to manufacture qualified production property.
AB43,1413
18Section
1413. 71.07 (5n) (a) 5. d. of the statutes is repealed.
AB43,1414
19Section
1414. 71.07 (5n) (a) 9. (intro.) of the statutes is amended to read:
AB43,891,2120
71.07
(5n) (a) 9. (intro.) “Qualified production property" means
either any of
21the following:
AB43,1415
22Section
1415. 71.07 (5n) (a) 9. a. of the statutes is amended to read:
AB43,892,423
71.07
(5n) (a) 9. a. Tangible personal property manufactured in whole or in part
24by the claimant on property that is
located in this state and assessed as
25manufacturing property under s. 70.995.
Tangible personal property manufactured
1in this state may only be qualified production property if it is manufactured on
2property approved to be classified as manufacturing real property for purposes of s.
370.995, even if it is not eligible to be listed on the department's manufacturing roll
4until January 1 of the following year.
AB43,1416
5Section
1416. 71.07 (5n) (a) 9. c. of the statutes is created to read:
AB43,892,156
71.07
(5n) (a) 9. c. Tangible personal property manufactured in whole or in part
7by the claimant at an establishment that is located in this state and classified as
8manufacturing under s. 70.995 (5n). A person wishing to classify the person's
9establishment as manufacturing under this subd. 9. c. shall file an application in the
10form and manner prescribed by the department no later than July 1 of the taxable
11year for which the person wishes to claim the credit under this subsection, pursuant
12to s. 70.995 (5n). The department shall make a determination and provide written
13notice by December 31 of the year in which the application is filed. A determination
14on the classification under this subd. 9. c. may be appealed as provided under s.
1570.995 (5n).
AB43,1417
16Section
1417. 71.07 (5n) (d) 2. of the statutes is amended to read:
AB43,892,2517
71.07
(5n) (d) 2.
For Except as provided in subd. 2m., for purposes of
18determining a claimant's eligible qualified production activities income under this
19subsection, the claimant shall multiply the claimant's qualified production activities
20income from property manufactured by the claimant by the manufacturing property
21factor and qualified production activities income from property produced, grown, or
22extracted by the claimant by the agriculture property factor.
This subdivision does
23not apply if the claimant's entire qualified production activities income results from
24the sale of tangible personal property that was manufactured, produced, grown, or
25extracted wholly in this state by the claimant.
AB43,1418
1Section
1418. 71.07 (5n) (d) 2m. of the statutes is created to read:
AB43,893,92
71.07
(5n) (d) 2m. For taxable years beginning after December 31, 2022, for
3purposes of determining a claimant's eligible qualified production activities income
4from manufacturing under this subsection, the claimant shall multiply the
5claimant's qualified production activities income, not exceeding $300,000, from
6property manufactured by the claimant by the manufacturing property factor. This
7subdivision does not apply if the claimant's entire qualified production activities
8income results from the sale of tangible personal property that was manufactured,
9produced, grown, or extracted wholly in this state by the claimant.
AB43,1419
10Section
1419. 71.07 (6e) (a) 2. b. of the statutes is amended to read:
AB43,893,1811
71.07
(6e) (a) 2. b. An individual who had served on active duty under
12honorable conditions in the U.S. armed forces or in forces incorporated as part of the
13U.S. armed forces; who was a resident of this state at the time of entry into that active
14service or who had been a resident of this state for any consecutive 5-year period
15after entry into that active duty service; who was a resident of this state at the time
16of his or her death; and who had either a service-connected disability rating of
100 17at least 70 percent under
38 USC 1114 or
1134 or a 100 percent disability rating based
18on individual unemployability.
AB43,1420
19Section
1420. 71.07 (6e) (a) 3. d. of the statutes is amended to read:
AB43,893,2220
71.07
(6e) (a) 3. d. Has either a service-connected disability rating of
100 at
21least 70 percent under
38 USC 1114 or
1134 or a 100 percent disability rating based
22on individual unemployability.
AB43,1421
23Section
1421. 71.07 (6e) (a) 5. of the statutes is amended to read:
AB43,894,1524
71.07
(6e) (a) 5. “Property taxes" means real
and personal property taxes,
25exclusive of special assessments, delinquent interest, and charges for service, paid
1by a claimant, and the claimant's spouse if filing a joint return, on the eligible
2veteran's or unremarried surviving spouse's principal dwelling in this state during
3the taxable year for which credit under this subsection is claimed, less any property
4taxes paid which are properly includable as a trade or business expense under
5section
162 of the Internal Revenue Code. If the principal dwelling on which the
6taxes were paid is owned by 2 or more persons or entities as joint tenants or tenants
7in common or is owned by spouses as marital property, “property taxes" is that part
8of property taxes paid that reflects the ownership percentage of the claimant, except
9that this limitation does not apply to spouses who file a joint return. If the principal
10dwelling is sold during the taxable year, the “property taxes" for the seller and buyer
11shall be the amount of the tax prorated to each in the closing agreement pertaining
12to the sale or, if not so provided for in the closing agreement, the tax shall be prorated
13between the seller and buyer in proportion to months of their respective ownership.
14“Property taxes" includes monthly municipal permit fees in respect to a principal
15dwelling collected under s. 66.0435 (3) (c).
AB43,1422
16Section 1422
. 71.07 (6e)
(a) 6. of the statutes is created to read:
AB43,894,1817
71.07
(6e) (a) 6. “Rent constituting property taxes" has the meaning given in
18sub. (9) (a) 4.
AB43,1423
19Section
1423. 71.07 (6e) (b) of the statutes is amended to read:
AB43,895,220
71.07
(6e) (b)
Filing claims. Subject to the limitations provided in this
21subsection, a claimant may claim as a credit against the tax imposed under s. 71.02
22the amount of the claimant's property taxes
or rent constituting property taxes. If
23the allowable amount of the claim exceeds the income taxes otherwise due on the
24claimant's income, the amount of the claim not used as an offset against those taxes
25shall be certified by the department of revenue to the department of administration
1for payment to the claimant by check, share draft, or other draft from the
2appropriation under s. 20.835 (2) (em).
AB43,1424
3Section
1424. 71.07 (6e) (c) 3. of the statutes is amended to read:
AB43,895,94
71.07
(6e) (c) 3. If an eligible veteran and an eligible spouse file separate
5returns, each spouse may claim a credit under this subsection
for property taxes 6based on their respective ownership interest in the eligible veteran's principal
7dwelling
or for rent constituting property taxes based on 50 percent of the total rent
8constituting property taxes paid during the taxable year for the eligible veteran's
9principal dwelling.
AB43,1425
10Section
1425. 71.07 (6e) (c) 4. of the statutes is created to read:
AB43,895,1311
71.07
(6e) (c) 4. If a service-connected disability rating is less than 100 percent,
12the amount that the claimant may claim under this subsection shall be multiplied
13by a percentage that equals that service-connected disability rating.
AB43,1426
14Section
1426. 71.07 (8b) (a) 5. of the statutes is amended to read:
AB43,895,1915
71.07
(8b) (a) 5. “Credit period” means the period of
6 10 taxable years
16beginning with the taxable year in which a qualified development is placed in
17service. For purposes of this subdivision, if a qualified development consists of more
18than one building, the qualified development is placed in service in the taxable year
19in which the last building of the qualified development is placed in service.
AB43,1427
20Section
1427. 71.07 (8b) (a) 7. of the statutes is amended to read:
AB43,896,521
71.07
(8b) (a) 7. “Qualified development” means a qualified low-income
22housing project under section
42 (g) of the Internal Revenue Code that is financed
23with tax-exempt bonds
, pursuant to section 42 (i) (2) described in section 42 (h) (4)
24(A) of the Internal Revenue Code,
allocated the credit under section 42 of the Internal
25Revenue Code, and located in this state
; except that the authority may waive, in the
1qualified allocation plan under section 42 (m) (1) (B) of the Internal Revenue Code,
2the requirements of tax-exempt bond financing and federal credit allocation to the
3extent the authority anticipates that sufficient volume cap under section 146 of the
4Internal Revenue Code will not be available to finance low-income housing projects
5in any year.
AB43,1428
6Section 1428
. 71.07 (8m) of the statutes is created to read:
AB43,896,87
71.07
(8m) Universal changing station credit. (a)
Definitions. In this
8subsection:
AB43,896,129
1. “Claimant" means a sole proprietor, a partner of a partnership, a member
10of a limited liability company, or a shareholder of a tax-option corporation who files
11a claim under this subsection and meets either of the following conditions during the
12preceding taxable year:
AB43,896,1313
a. Had gross receipts that did not exceed $1,000,000.
AB43,896,1414
b. Employed no more than 30 full-time employees.
AB43,896,1615
2. “Full-time employee” means an individual who is employed for at least 30
16hours per week for 20 or more calendar weeks during a taxable year.
AB43,896,2017
3. “Universal changing station” means a powered and height-adjustable adult
18changing table that is either floor mounted or wall mounted with a safety rail and
19can be used by an individual with a disability of either sex and the individual's care
20provider for personal hygiene and that satisfies all of the following:
AB43,896,2221
a. The changing table can lower to a height of 8 inches and raise to a height of
2234 inches.
AB43,896,2323
b. The changing table is at least 31 inches wide by 72 inches long.
AB43,896,2424
c. The changing table supports at least 350 pounds.
AB43,897,5
1(b)
Filing claims. For taxable years beginning after December 31, 2022, subject
2to the limitations provided in this subsection, a claimant may claim as a credit
3against the tax imposed under s. 71.02, up to the amount of those taxes, an amount
4equal to 50 percent of the amount the claimant paid during the taxable year to install
5a universal changing station.
AB43,897,116
(c)
Limitations. 1. No credit may be claimed under this subsection unless the
7universal changing station is installed in a single-occupant restroom that measures
8at least 8 feet by 10 feet, with adequate space for a wheelchair and a care provider
9to maneuver; that is equipped with a waste receptacle, a toilet, a lavatory, a soap
10dispenser, and a paper towel dispenser; and that complies with accessibility
11standards under the federal Americans with Disabilities Act.
AB43,897,1212
2. The credit claimed under this subsection may not exceed $5,125.
AB43,897,1913
3. Partnerships, limited liability companies, and tax-option corporations may
14not claim the credit under this subsection, but the eligibility for, and the amount of,
15the credit are based on the amounts paid by the entity. A partnership, limited
16liability company, or tax-option corporation shall compute the amount of credit that
17each of its partners, members, or shareholders may claim and shall provide that
18information to each of them. Partners, members, and shareholders may claim the
19credit in proportion to their ownership interests.
AB43,897,2120
(d)
Administration. Section 71.28 (4) (e) to (h), as it applies to the credit under
21s. 71.28 (4), applies to the credit under this subsection.
AB43,1429
22Section 1429
. 71.07 (8p) of the statutes is created to read:
AB43,897,2323
71.07
(8p) Family caregiver tax credit. (a)
Definitions. In this subsection:
AB43,897,2524
1. “Claimant" means an individual who files a claim under this subsection for
25amounts paid for qualified expenses to benefit a qualified family member.
AB43,898,1
12. “Physician” has the meaning given in s. 36.60 (1) (b).
AB43,898,42
3. “Qualified expenses” means amounts paid by a claimant in the year to which
3the claim relates for items that relate directly to the care or support of a qualified
4family member, including the following:
AB43,898,65
a. The improvement or alteration of the claimant's primary residence to enable
6or assist the qualified family member to be mobile, safe, or independent.
AB43,898,87
b. The purchase or lease of equipment to enable or assist the qualified family
8member to carry out one or more activities of daily living.
AB43,898,129
c. The acquisition of goods or services, or support, to assist the claimant in
10caring for the qualified family member, including employing a home care aide or
11personal care attendant, adult day care, specialized transportation, legal or financial
12services, or assistive care technology.
AB43,898,1413
4. “Qualified family member” means an individual to whom all of the following
14apply:
AB43,898,1615
a. The individual is at least 18 years of age during the taxable year to which
16the claim relates.
AB43,898,1817
b. The individual requires assistance with one or more daily living activities,
18as certified in writing by a physician.
AB43,898,1919
c. The individual is the claimant's family member, as defined in s. 46.2805 (6m).
AB43,898,2320
(b)
Filing claims. For taxable years beginning after December 31, 2022, and
21subject to the limitations provided in this subsection, a claimant may claim as a
22credit against the tax imposed under s. 71.02, up to the amount of those taxes, 50
23percent of the claimant's qualified expenses.
AB43,899,624
(c)
Limitations. 1. Subject to subds. 2. and 3., the maximum credit that may
25be claimed under this subsection each taxable year with regard to a particular
1qualified family member is $500 or, if a claimant is married and filing a separate
2return, $250. If more than one individual may file a claim under this subsection for
3a particular qualified family member, the maximum credit specified in this
4subdivision shall be apportioned among all eligible claimants based on the ratio of
5their qualified expenses to the total amount of all qualified expenses incurred on
6behalf of that particular qualified family member, as determined by the department.
AB43,899,127
2. If the claimant is married and filing jointly and the couple's federal adjusted
8gross income in the taxable year exceeds $170,000, no credit may be claimed under
9this subsection. If the claimant is married and filing jointly and the couple's federal
10adjusted gross income in the taxable year exceeds $150,000, but does not exceed
11$170,000, the credit claimed under this subsection may not exceed the amount
12determined as follows:
AB43,899,1413
a. Determine the amount allowed under par. (b) without regard to this
14subdivision but with regard to subd. 1.
AB43,899,1515
b. Subtract $150,000 from the couple's federal adjusted gross income.
AB43,899,1616
c. Divide the amount determined under subd. 2. b. by $20,000.
AB43,899,1817
d. Multiple the amount determined under subd. 2. a. by the amount determined
18under subd. 2. c.
AB43,899,2019
e. Subtract the amount determined under subd. 2. d. from the amount
20determined under subd. 2. a.
AB43,900,221
3. If the claimant files as a single individual or head of household, or is married
22and files separately, and the claimant's federal adjusted gross income in the taxable
23year exceeds $85,000, no credit may be claimed under this subsection. If the claimant
24files as a single individual or head of household, or is married and files separately,
25and the claimant's federal adjusted gross income in the taxable year exceeds $75,000,
1but does not exceed $85,000, the credit claimed under this subsection may not exceed
2the amount determined as follows:
AB43,900,43
a. Determine the amount allowed under par. (b) without regard to this
4subdivision but with regard to subd. 1.
AB43,900,55
b. Subtract $75,000 from the claimant's federal adjusted gross income.
AB43,900,66
c. Divide the amount determined under subd. 3. b. by $10,000.