SB738,12,96 70.47 (8) (d) It may and upon request of the assessor or the objector shall compel
7the attendance of witnesses, except objectors who may testify by telephone, and the
8production of all books, inventories, appraisals, documents and other data which
9may throw light upon the value of property.
SB738,38 10Section 38. 70.48 of the statutes is amended to read:
SB738,13,5 1170.48 Assessor to attend board of review. The assessor or the assessor's
12authorized representative shall attend without order or subpoena all hearings before
13the board of review and under oath submit to examination and fully disclose to the
14board such information as the assessor may have touching the assessment and any
15other matters pertinent to the inquiry being made. All part-time assessors shall
16receive the same compensation for such attendance as is allowed to the members of
17the board but no county assessor or member of a county assessor's staff shall receive
18any compensation other than that person's regular salary for attendance at a board
19of review. The clerk shall make all corrections to the assessment roll ordered by the
20board of review, including all changes in the valuation of real property. When any
21valuation of real property is changed, the clerk shall enter the valuation fixed by the
22board in red ink in the proper class above the figures of the assessor, and the figures
23of the assessor shall be crossed out with red ink
and enter a note of the valuation of
24the assessor and the change to that valuation made by the board
. The clerk shall also
25enter upon the assessment roll, in the proper place, the names of all persons found

1liable to taxation on personal property by the board of review, setting opposite such
2names respectively the aggregate valuation of such property as determined by the
3assessor, after deducting exemptions and making such corrections as the board has
4ordered. All changes in valuation of personal property made by the board of review
5shall be made in the same manner as changes in real estate.
SB738,39 6Section 39 . 71.05 (6) (a) 15. of the statutes is amended to read:
SB738,13,127 71.05 (6) (a) 15. The amount of the credits computed under s. 71.07 (2dm),
8(2dx), (2dy), (3g), (3h), (3n), (3q), (3s), (3t), (3w), (3wm), (3y), (4k), (4n), (5e), (5i), (5j),
9(5k), (5r), (5rm), (6n), and (10) and not passed through by a partnership, limited
10liability company, or tax-option corporation that has added that amount to the
11partnership's, company's, or tax-option corporation's income under s. 71.21 (4) or
1271.34 (1k) (g).
SB738,40 13Section 40. 71.07 (5e) of the statutes is repealed.
SB738,41 14Section 41. 71.07 (6) (am) 1. of the statutes is amended to read:
SB738,14,1915 71.07 (6) (am) 1. In this paragraph For purposes of subd. 1m., “earned income"
16means qualified earned income, as defined in section 221 (b) of the internal revenue
17code as amended to December 31, 1985, plus employee business expenses under
18section 62 (2) (B) to (D) of that code, allocable to Wisconsin under s. 71.04, plus
19amounts received by the individual for services performed in the employ of the
20individual's spouse minus the amount of disability income excluded under s. 71.05
21(6) (b) 4. and minus any other amount not subject to tax under this chapter
wages,
22salaries, or professional fees, amounts received for services performed by an
23individual in the employ of his or her spouse, and other amounts received as
24compensation for personal services actually rendered, but does not include that part
25of the compensation derived by the taxpayer for personal services rendered by him

1or her to a corporation which represents a distribution of earnings or profits rather
2than a reasonable allowance as compensation for the personal services actually
3rendered. In the case of a taxpayer engaged in a trade or business in which both
4personal services and capital are material income-producing factors, under federal
5regulations, a reasonable allowance as compensation for the personal services
6rendered by the taxpayer shall be considered as earned income. Earned income
7includes gains, other than any gain which is treated under any provision of chapter
826 of the Internal Revenue Code as gain from the sale or exchange of a capital asset,
9and includes net earnings derived from the sale or disposition of, the transfer of any
10interest in, or the licensing of the use of property, other than goodwill, by an
11individual whose personal efforts created such property. Earned income does not
12include any amount not included in gross income, received as a pension or annuity,
13paid or distributed out of an individual retirement plan, within the meaning of
14section 7701 (a) (37) of the Internal Revenue Code, or received as deferred
15compensation
. Earned income is computed notwithstanding the fact that each
16spouse owns an undivided one-half interest in the whole of the marital property. A
17marital property agreement or unilateral statement under ch. 766 transferring
18income between spouses has no effect in computing earned income under this
19paragraph.
SB738,42 20Section 42. 71.07 (6) (am) 1m. of the statutes is created to read:
SB738,15,321 71.07 (6) (am) 1m. In this paragraph, “qualified earned income” means an
22amount equal to the excess of the earned income of the spouse for the taxable year,
23over an amount equal to the sum of the deductions described in paragraphs (1), (2)
24(B), (C), and (E), (6), (7), and (12) of section 62 (a) of the Internal Revenue Code to the
25extent such deductions are properly allocable to or chargeable against earned

1income, allocable to Wisconsin under s. 71.04, minus the amount of disability income
2excluded under s. 71.05 (6) (b) 4. and minus any other amount not subject to tax
3under this chapter.
SB738,43 4Section 43 . 71.07 (6) (am) 2. d. of the statutes is amended to read:
SB738,15,75 71.07 (6) (am) 2. d. For taxable years beginning after December 31, 2000, 3
6percent of the qualified earned income of the spouse with the lower qualified earned
7income, but not more than $480.
SB738,44 8Section 44 . 71.08 (1) (intro.) of the statutes is amended to read:
SB738,15,179 71.08 (1) Imposition. (intro.) If the tax imposed on a natural person, married
10couple filing jointly, trust, or estate under s. 71.02, not considering the credits under
11ss. 71.07 (1), (2dx), (2dy), (3m), (3n), (3q), (3s), (3t), (3w), (3wm), (3y), (4k), (5b), (5d),
12(5e), (5i), (5j), (5n), (6), (6e), (8b), (9e), (9m), and (9r), 71.28 (1dx), (1dy), (2m), (3), (3n),
13(3t), (3w), (3wm), and (3y), 71.47 (1dx), (1dy), (2m), (3), (3n), (3t), (3w), and (3y), 71.57
14to 71.61, and 71.613 and subch. VIII and payments to other states under s. 71.07 (7),
15is less than the tax under this section, there is imposed on that natural person,
16married couple filing jointly, trust or estate, instead of the tax under s. 71.02, an
17alternative minimum tax computed as follows:
SB738,45 18Section 45 . 71.10 (4) (gy) of the statutes is repealed.
SB738,46 19Section 46. 71.21 (4) (a) of the statutes is amended to read:
SB738,15,2320 71.21 (4) (a) The amount of the credits computed by a partnership under s.
2171.07 (2dm), (2dx), (2dy), (3g), (3h), (3n), (3q), (3s), (3t), (3w), (3wm), (3y), (4k), (4n),
22(5e), (5g), (5i), (5j), (5k), (5r), (5rm), (6n), and (10) and passed through to partners
23shall be added to the partnership's income.
SB738,47 24Section 47 . 71.26 (2) (a) 4. of the statutes is amended to read:
SB738,16,6
171.26 (2) (a) 4. Plus the amount of the credit computed under s. 71.28 (1dm),
2(1dx), (1dy), (3g), (3h), (3n), (3q), (3t), (3w), (3wm), (3y), (5e), (5g), (5i), (5j), (5k), (5r),
3(5rm), (6n), and (10) and not passed through by a partnership, limited liability
4company, or tax-option corporation that has added that amount to the partnership's,
5limited liability company's, or tax-option corporation's income under s. 71.21 (4) or
671.34 (1k) (g).
SB738,48 7Section 48. 71.28 (5e) of the statutes is repealed.
SB738,49 8Section 49 . 71.30 (3) (es) of the statutes is repealed.
SB738,50 9Section 50 . 71.34 (1k) (g) of the statutes is amended to read:
SB738,16,1310 71.34 (1k) (g) An addition shall be made for credits computed by a tax-option
11corporation under s. 71.28 (1dm), (1dx), (1dy), (3), (3g), (3h), (3n), (3q), (3t), (3w),
12(3wm), (3y), (4), (5), (5e), (5g), (5i), (5j), (5k), (5r), (5rm), (6n), and (10) and passed
13through to shareholders.
SB738,51 14Section 51 . 71.45 (2) (a) 10. of the statutes is amended to read:
SB738,16,2115 71.45 (2) (a) 10. By adding to federal taxable income the amount of credit
16computed under s. 71.47 (1dm) to (1dy), (3g), (3h), (3n), (3q), (3w), (3y), (5e), (5g), (5i),
17(5j), (5k), (5r), (5rm), (6n), and (10) and not passed through by a partnership, limited
18liability company, or tax-option corporation that has added that amount to the
19partnership's, limited liability company's, or tax-option corporation's income under
20s. 71.21 (4) or 71.34 (1k) (g) and the amount of credit computed under s. 71.47 (3), (3t),
21(4), (4m), and (5).
SB738,52 22Section 52. 71.47 (5e) of the statutes is repealed.
SB738,53 23Section 53 . 71.49 (1) (es) of the statutes is repealed.
SB738,54 24Section 54 . 77.51 (5m) of the statutes is repealed.
SB738,55 25Section 55. 77.52 (13) of the statutes is amended to read:
SB738,17,12
177.52 (13) For the purpose of the proper administration of this section and to
2prevent evasion of the sales tax it shall be presumed that all receipts are subject to
3the tax until the contrary is established. The burden of proving that a sale of tangible
4personal property, or items, property, or goods under sub. (1) (b), (c), or (d), or services
5is not a taxable sale at retail is upon the person who makes the sale unless that
6person takes from the purchaser an electronic or a paper certificate, in a manner
7prescribed by the department, to the effect that the property, item, good, or service
8is purchased for resale or is otherwise exempt, except that no certificate is required
9for the sale of tangible personal property, or items, property, or goods under sub. (1)
10(b), (c), or (d), or services that are exempt under s. 77.54 (5) (a) 3., (7), (7m), (8), (10),
11(11), (14), (15), (17), (20n), (21), (22b), (31), (32), (35), (36), (37), (42), (44), (45), (46),
12(51), (52), (64), (66), and (67).
SB738,56 13Section 56. 77.53 (10) of the statutes is amended to read:
SB738,18,214 77.53 (10) For the purpose of the proper administration of this section and to
15prevent evasion of the use tax and the duty to collect the use tax, it is presumed that
16tangible personal property, or items, property, or goods under s. 77.52 (1) (b), (c), or
17(d), or taxable services sold by any person for delivery in this state is sold for storage,
18use, or other consumption in this state until the contrary is established. The burden
19of proving the contrary is upon the person who makes the sale unless that person
20takes from the purchaser an electronic or paper certificate, in a manner prescribed
21by the department, to the effect that the property, or items, property, or goods under
22s. 77.52 (1) (b), (c), or (d), or taxable service is purchased for resale, or otherwise
23exempt from the tax, except that no certificate is required for the sale of tangible
24personal property, or items, property, or goods under s. 77.52 (1) (b), (c), or (d), or

1services that are exempt under s. 77.54 (7), (7m), (8), (10), (11), (14), (15), (17), (20n),
2(21), (22b), (31), (32), (35), (36), (37), (42), (44), (45), (46), (51), (52), (64), (66), and (67).
SB738,57 3Section 57. 77.54 (14m) of the statutes is renumbered 77.54 (14) (en) and
4amended to read:
SB738,18,75 77.54 (14) (en) For purposes of sub. (14), insulin Insulin furnished by a
6pharmacist to a person for treatment of diabetes as directed by a physician shall be
7deemed dispensed on prescription
of a human being.
SB738,58 8Section 58. 77.585 (9) of the statutes is repealed.
SB738,59 9Section 59 . 120.135 of the statutes is repealed.
SB738,60 10Section 60 . 121.07 (6) (a) (intro.) of the statutes is amended to read:
SB738,18,2111 121.07 (6) (a) (intro.) “Shared cost" is the sum of the net cost of the general fund
12and the net cost of the debt service fund, except that “shared cost" excludes any costs,
13including attorney fees, incurred by a school district as a result of its participation
14in a lawsuit commenced against the state, beginning with such costs incurred in the
15fiscal year in which the lawsuit is commenced, excludes any expenditures from a
16capital improvement fund created under s. 120.135 or
a capital improvement trust
17fund created under s. 120.137, excludes any debt service costs associated with an
18environmental remediation project under s. 67.05 (7) (er), and excludes the costs of
19transporting those transfer pupils for whom the school district operating under ch.
20119 does not receive intradistrict transfer aid under s. 121.85 (6) as a result of s.
21121.85 (6) (am). In this paragraph:
SB738,61 22Section 61 . 121.91 (4) (h) of the statutes is repealed.
SB738,62 23Section 62. 177.01 (7a) of the statutes is created to read:
SB738,19,824 177.01 (7a) “Financial organization loyalty card” means a card or electronic
25record that is given without direct monetary consideration under an award, reward,

1benefit, loyalty, incentive, rebate, or promotional program established by a financial
2organization for purposes of rewarding a relationship with the sponsoring entity and
3that may be redeemed for money or otherwise monetized by the issuer or used to
4obtain goods or services or a discount on goods or services. An annual fee or periodic
5membership fee charged to the cardholder for joining or maintaining membership in
6any such award, reward, benefit, loyalty, incentive, rebate, or promotional program
7shall not be considered direct monetary consideration paid for the financial
8organization loyalty card.
SB738,63 9Section 63. 177.01 (7d) (c) 5. of the statutes is created to read:
SB738,19,1010 177.01 (7d) (c) 5. A financial organization loyalty card.
SB738,64 11Section 64. 177.01 (13b) (c) 8. of the statutes is created to read:
SB738,19,1212 177.01 (13b) (c) 8. A financial organization loyalty card.
SB738,65 13Section 65. 177.01 (14d) (c) 5. of the statutes is created to read:
SB738,19,1414 177.01 (14d) (c) 5. A financial organization loyalty card.
SB738,66 15Section 66. 177.01 (16) (e) of the statutes is created to read:
SB738,19,1616 177.01 (16) (e) A financial organization loyalty card.
SB738,67 17Section 67. 177.0202 (title) of the statutes is amended to read:
SB738,19,19 18177.0202 (title) When tax-deferred and tax-exempt retirement account
19accounts presumed abandoned.
SB738,68 20Section 68. 177.0202 (1) (intro.) of the statutes is amended to read:
SB738,19,2421 177.0202 (1) (intro.) Subject to s. 177.0210, property held in a pension account
22or retirement account that qualifies for federal income tax deferral or tax exemption
23under the U.S. income tax laws is presumed abandoned if it is unclaimed by the
24apparent owner 3 years after the later of:
SB738,69 25Section 69. 177.0210 (1) (intro.) of the statutes is amended to read:
SB738,20,2
1177.0210 (1) (intro.) Property is presumed abandoned from the earliest later
2of the following:
SB738,70 3Section 70. 177.0607 (3) (d) of the statutes is created to read:
SB738,20,54 177.0607 (3) (d) On property paid to another state under s. 177.0901 or
5177.0902.
SB738,71 6Section 71. 177.0607 (4) of the statutes is amended to read:
SB738,20,167 177.0607 (4) Property received by the administrator before January 2, 2019,
8that was interest-bearing to the owner, as reported by the holder, at the time of
9receipt by the administrator or this state shall accrue interest while in possession of
10the administrator or this state at a rate of 6 percent per year or any lesser rate the
11property earned while in the possession of the holder. Interest begins to accrue when
12the property is delivered to the administrator and ceases on the earlier of the date
13on which payment is made to the owner or January 1, 2019. If the property is still
14in the possession of the administrator or this state on January 2, 2019, interest shall
15accrue as described in sub. (2). No interest on interest-bearing property is payable
16for any period before December 31, 1984.
SB738,72 17Section 72. 177.1505 (4) of the statutes is amended to read:
SB738,21,218 177.1505 (4) The administrator shall waive the provisions of s. 177.1204 with
19respect to reporting periods covered by the agreement if an application for voluntary
20disclosure is received by the administrator between February 1, 2022, and February
2128, 2023,
and a voluntary disclosure agreement is executed within 180 days of receipt
22of the application by the administrator. The administrator may enter into an
23agreement with a holder to extend the date upon which the agreement must be
24executed and shall waive the provisions of s. 177.1204 with respect to reporting
25periods covered by an agreement executed under such extension. The administrator

1shall make efforts to provide information to interested parties regarding the
2voluntary disclosure period provided under this subsection.
SB738,73 3Section 73. 565.27 (2) (b) 3. of the statutes is amended to read:
SB738,21,54 565.27 (2) (b) 3. The drawings shall be recorded on both videotape and
5audiotape
documented with a video and audio recording.
SB738,74 6Section 74. 565.28 (1) of the statutes is renumbered 565.28, and 565.28 (2) and
7(3), as renumbered, are amended to read:
SB738,21,108 565.28 (2) A person who chooses to make an election under par. (a) sub. (1) shall
9make the election no later than 60 days after becoming entitled to the lottery prize.
10An election made under par. (a) sub. (1) is final and may not be revoked.
SB738,21,13 11(3) If a person eligible to make an election under par. (a) sub. (1) does not make
12an election within 60 days after becoming entitled to a lottery prize, the
13administrator shall make payment in the form of an annuity.
SB738,75 14Section 75. 565.28 (2) of the statutes is repealed.
SB738,76 15Section 76. Initial applicability.
SB738,21,1916 (1) Unclaimed property; general provisions. The treatment of ss. 177.01 (7a),
17(7d) (c) 5., (13b) (c) 8., (14d) (c) 5., and (16) (e), 177.0202 (title) and (1) (intro.),
18177.0210 (1) (intro.), and 177.0607 (3) (d) and (4) first applies to property reportable
19on November 7, 2021.
SB738,21,2220 (2) Unclaimed property; waiver. The treatment of s. 177.1505 (4) first applies
21to applications received on the first day of the 3rd month beginning after publication,
22regardless of the years in which the property became abandoned and reportable.
SB738,77 23Section 77. Effective dates. This act takes effect on the day after publication,
24except as follows:
SB738,22,5
1(1) Tax incremental financing. The treatment of ss. 60.85 (2) (b) 7. and (c), (3)
2(h) 4. and 5. a. and c., and (5) (e) and 66.1105 (2) (f) 1. (intro.), m., and n. and (j), (4)
3(a), (e), and (h) 1., 2., and 4., (4e) (b) 1., (5) (bf), (bj), (c) 1., and (ce) 1., (6) (a) 5. and
49., (am) 2. c., d., e., and f., (d) 1m., (dm), and (e) 1. b. and e., (7) (ak) 2. and 3., (ar), and
5(at), (18) (c) 2., and (19) takes effect on the January 1 after publication.
SB738,22,66 (End)
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