2025 Wisconsin Act 118

118,403 Section 403. 71.45 (2) (a) 10. m. of the statutes, as affected by 2025 Wisconsin Act .... (this act), is repealed.

118,404 Section 404. 71.45 (2) (a) 10. n. of the statutes, as affected by 2025 Wisconsin Act .... (this act), is repealed.

118,405 Section 405. 71.45 (2) (a) 10. p. of the statutes, as affected by 2025 Wisconsin Act .... (this act), is repealed.

118,406 Section 406. 71.45 (2) (a) 10. q. of the statutes, as affected by 2025 Wisconsin Act .... (this act), is repealed.

118,407 Section 407. 71.45 (2) (a) 10. r. of the statutes, as affected by 2025 Wisconsin Act .... (this act), is repealed.

118,408 Section 408. 71.45 (2) (a) 10a. (intro.) and c. of the statutes, as affected by 2025 Wisconsin Act .... (this act), are consolidated, renumbered 71.45 (2) (a) 10a. and amended to read:

71.45 (2) (a) 10a. By adding to federal taxable income the amount of credit computed under all of the following: c. Section s. 71.47 (4).

118,409 Section 409. 71.45 (2) (a) 10a. a. of the statutes, as affected by 2025 Wisconsin Act .... (this act), is repealed.

118,410 Section 410. 71.45 (2) (a) 10a. b. of the statutes, as affected by 2025 Wisconsin Act .... (this act), is repealed.

118,411 Section 411. 71.45 (2) (a) 10a. d. of the statutes, as affected by 2025 Wisconsin Act .... (this act), is repealed.

118,412 Section 412. 71.45 (2) (a) 10a. e. of the statutes, as affected by 2025 Wisconsin Act .... (this act), is repealed.

118,413 Section 413. 71.45 (2) (a) 10b. of the statutes is amended to read:

71.45 (2) (a) 10b. By subtracting from federal taxable income, as provided under s. 71.47 (3) (c) 7., the amount of the credit under s. 71.47 (3) that the taxpayer added to income under subd. 10. 10a. at the time that the taxpayer first claimed the credit.

118,414 Section 414. 71.45 (2) (a) 10b. of the statutes, as affected by 2025 Wisconsin Act .... (this act), is repealed.

118,415 Section 415. 71.45 (2) (a) 13. of the statutes is repealed.

118,416 Section 416. 71.45 (2) (a) 19. of the statutes is repealed.

118,417 Section 417. 71.45 (3d) (a) of the statutes is repealed.

118,418 Section 418. 71.45 (3d) (b) of the statutes is repealed.

118,419 Section 419. 71.45 (3d) (c) of the statutes is renumbered 71.45 (3d).

118,420 Section 420. 71.45 (3e) (a) 1. of the statutes is repealed.

118,421 Section 421. 71.45 (3e) (a) 2. of the statutes is renumbered 71.45 (3e) (a).

118,422 Section 422. 71.45 (3e) (b) 1. of the statutes is repealed.

118,423 Section 423. 71.45 (3e) (b) 2. of the statutes is renumbered 71.45 (3e) (b).

118,424 Section 424. 71.45 (3e) (c) 1. of the statutes is repealed.

118,425 Section 425. 71.45 (3e) (c) 2. of the statutes is renumbered 71.45 (3e) (c).

118,426 Section 426. 71.47 (1) of the statutes is repealed.

118,427 Section 427. 71.47 (1dm) of the statutes is repealed.

118,428 Section 428. 71.47 (1dx) of the statutes is repealed.

118,429 Section 429. 71.47 (1dy) of the statutes is repealed.

118,430 Section 430. 71.47 (3) of the statutes, as affected by 2025 Wisconsin Act .... (this act), is repealed.

118,431 Section 431. 71.47 (3) (c) 7. of the statutes is amended to read:

71.47 (3) (c) 7. No credit may be claimed under this subsection for taxable years that begin after December 31, 2005. For credits that are claimed but unused under this subsection for taxable years that begin before January 1, 2005, up to 50 percent may be used in each of the following 2 taxable years if the taxpayer has $25,000 or less in unused credits as of January 1, 2006. For taxable years beginning after December 31, 2005, and before January 1, 2008, a taxpayer who has more than $25,000 in unused credits as of January 1, 2006, may deduct an amount in each year that is equal to 50 percent of the amount the taxpayer added back to income under s. 71.45 (2) (a) 10. 10a. at the time that the taxpayer first claimed the credit or, with regard to credits passed through from a partnership, limited liability company, or tax-option corporation, 50 percent of the amount that the entity added back to its income and was included in the partner’s, member’s, or shareholder’s Wisconsin net income at the time that the credit was first claimed.

118,432 Section 432. 71.47 (3g) of the statutes, as affected by 2025 Wisconsin Act .... (this act), is repealed.

118,433 Section 433. 71.47 (3g) (a) (intro.) of the statutes is amended to read:

71.47 (3g) (a) (intro.) Subject to the limitations under this subsection and ss. s. 73.03 (35m) and s. 238.23, 2023 stats., and s. 560.96, 2009 stats., a business that is certified under s. 238.23 (3), 2023 stats., or s. 560.96 (3), 2009 stats., may claim as a credit against the taxes imposed under s. 71.43 an amount equal to the sum of the following, as established under s. 238.23 (3) (c), 2023 stats., or s. 560.96 (3) (c), 2009 stats.:

118,434 Section 434. 71.47 (3h) of the statutes is repealed.

118,435 Section 435. 71.47 (3n) of the statutes is repealed.

118,436 Section 436. 71.47 (3q) of the statutes is repealed.

118,437 Section 437. 71.47 (3t) of the statutes is repealed.

118,438 Section 438. 71.47 (4) (ad) 1. of the statutes is amended to read:

71.47 (4) (ad) 1. Except as provided in subds. 2. and 3., for taxable years beginning before January 1, 2015, any corporation may credit against taxes otherwise due under this chapter an amount equal to 5 percent of the amount obtained by subtracting from the corporation’s qualified research expenses, as defined in section 41 of the Internal Revenue Code, except that “qualified research expenses” includes only expenses incurred by the claimant, incurred for research conducted in this state for the taxable year, and except that a taxpayer may elect the alternative computation under section 41 (c) (4) of the Internal Revenue Code and that election applies until the department permits its revocation, except as provided in par. (af), and except that “qualified research expenses” does not include compensation used in computing the credit under sub. (1dx), the corporation’s base amount, as defined in section 41 (c) of the Internal Revenue Code, except that gross receipts used in calculating the base amount means gross receipts from sales attributable to Wisconsin under s. 71.25 (9) (b) 1. and 2., (df) 1. and 2., (dh) 1., 2., and 3., (dj), and (dk). Section 41 (h) of the Internal Revenue Code does not apply to the credit under this paragraph.

118,439 Section 439. 71.47 (4) (ad) 2. of the statutes is amended to read:

71.47 (4) (ad) 2. For taxable years beginning after June 30, 2007, and before January 1, 2015, any corporation may credit against taxes otherwise due under this chapter an amount equal to 10 percent of the amount obtained by subtracting from the corporation’s qualified research expenses, as defined in section 41 of the Internal Revenue Code, except that “qualified research expenses” includes only expenses incurred by the claimant for research related to designing internal combustion engines for vehicles, including expenses related to designing vehicles that are powered by such engines and improving production processes for such engines and vehicles, incurred for research conducted in this state for the taxable year, and except that a taxpayer may elect the alternative computation under section 41 (c) (4) of the Internal Revenue Code and that election applies until the department permits its revocation, except as provided in par. (af), and except that “qualified research expenses” does not include compensation used in computing the credit under sub. (1dx), the corporation’s base amount, as defined in section 41 (c) of the Internal Revenue Code, except that gross receipts used in calculating the base amount means gross receipts from sales attributable to Wisconsin under s. 71.25 (9) (b) 1. and 2., (df) 1. and 2., (dh) 1., 2., and 3., (dj), and (dk). Section 41 (h) of the Internal Revenue Code does not apply to the credit under this paragraph.

118,440 Section 440. 71.47 (4) (ad) 3. of the statutes is amended to read:

71.47 (4) (ad) 3. For taxable years beginning after June 30, 2007, and before January 1, 2015, any corporation may credit against taxes otherwise due under this chapter an amount equal to 10 percent of the amount obtained by subtracting from the corporation’s qualified research expenses, as defined in section 41 of the Internal Revenue Code, except that “qualified research expenses” includes only expenses incurred by the claimant for research related to the design and manufacturing of energy efficient lighting systems, building automation and control systems, or automotive batteries for use in hybrid-electric vehicles, that reduce the demand for natural gas or electricity or improve the efficiency of its use, incurred for research conducted in this state for the taxable year, and except that a taxpayer may elect the alternative computation under section 41 (c) (4) of the Internal Revenue Code and that election applies until the department permits its revocation, except as provided in par. (af), and except that “qualified research expenses” does not include compensation used in computing the credit under sub. (1dx), the corporation’s base amount, as defined in section 41 (c) of the Internal Revenue Code, except that gross receipts used in calculating the base amount means gross receipts from sales attributable to Wisconsin under s. 71.25 (9) (b) 1. and 2., (df) 1. and 2., (dh) 1., 2., and 3., (dj), and (dk). Section 41 (h) of the Internal Revenue Code does not apply to the credit under this paragraph.

118,441 Section 441. 71.47 (4) (ad) 4. b. of the statutes is amended to read:

71.47 (4) (ad) 4. b. For purposes of subd. 4. a., “qualified research expenses” means qualified research expenses as defined in section 41 of the Internal Revenue Code, except that “qualified research expenses” includes only expenses incurred by the claimant, incurred for research conducted in this state for the taxable year and does not include compensation used in computing the credit under sub. (1dx). Section 41 (f) (1), (2), (5), and (6) and (h) of the Internal Revenue Code does not apply to the credit under this subdivision.

118,442 Section 442. 71.47 (4) (ad) 5. b. of the statutes is amended to read:

71.47 (4) (ad) 5. b. For purposes of subd. 5. a., “qualified research expenses” means qualified research expenses as defined in section 41 of the Internal Revenue Code, except that “qualified research expenses” includes only expenses incurred by the claimant for research related to designing internal combustion engines for vehicles, including expenses related to designing vehicles that are powered by such engines and improving production processes for such engines and vehicles, incurred for research conducted in this state for the taxable year and does not include compensation used in computing the credit under sub. (1dx). Section 41 (f) (1), (2), (5), and (6) and (h) of the Internal Revenue Code does not apply to the credit under this subdivision.

118,443 Section 443. 71.47 (4) (ad) 6. b. of the statutes is amended to read:

71.47 (4) (ad) 6. b. For purposes of subd. 6. a., “qualified research expenses” means qualified research expenses as defined in section 41 of the Internal Revenue Code, except that “qualified research expenses” includes only expenses incurred by the claimant for research related to the design and manufacturing of energy efficient lighting systems, building automation and control systems, or automotive batteries for use in hybrid-electric vehicles, that reduce the demand for natural gas or electricity or improve the efficiency of its use, incurred for research conducted in this state for the taxable year and does not include compensation used in computing the credit under sub. (1dx). Section 41 (f) (1), (2), (5), and (6) and (h) of the Internal Revenue Code does not apply to the credit under this subdivision.

118,444 Section 444. 71.47 (4) (am) of the statutes is repealed.

118,445 Section 445. 71.47 (4m) of the statutes is repealed.

118,446 Section 446. 71.47 (5) of the statutes is repealed.

118,447 Section 447. 71.47 (5g) of the statutes is repealed.

118,448 Section 448. 71.47 (5i) of the statutes is repealed.

118,449 Section 449. 71.47 (5j) of the statutes is repealed.

118,450 Section 450. 71.47 (5r) of the statutes is repealed.

118,451 Section 451. 71.47 (5rm) of the statutes is repealed.

118,452 Section 452. 71.47 (6) (a) 1m. of the statutes is repealed.

118,453 Section 453. 71.47 (6) (a) 2m. of the statutes is renumbered 71.47 (6) (a).

118,454 Section 454. 71.47 (6) (a) 3. of the statutes is repealed.

118,455 Section 455. 71.47 (6) (c) (intro.) of the statutes is amended to read:

71.47 (6) (c) (intro.) No person may claim the credit under par. (a) 2m. unless the claimant includes with the claimant’s return a copy of the claimant’s certification under s. 238.17. For certification purposes under s. 238.17, the claimant shall provide to the Wisconsin Economic Development Corporation all of the following:

118,456 Section 456. 71.47 (6) (cn) of the statutes is repealed.

118,457 Section 457. 71.47 (6) (h) of the statutes is amended to read:

71.47 (6) (h) Any person, including a nonprofit entity described in section 501 (c) (3) of the Internal Revenue Code, may sell or otherwise transfer the credit under par. (a) 2m. or 3., in whole or in part, to another person who is subject to the taxes imposed under s. 71.02, 71.23, or 71.43, if the person notifies the department of the transfer, and submits with the notification a copy of the transfer documents, and the department certifies ownership of the credit with each transfer. The transferor may file a claim for more than one taxable year on a form prescribed by the department to compute all years of the credit under par. (a) 2m. or 3., at the time of the transfer request. The transferee may first use the credit to offset tax in the taxable year of the transferor in which the transfer occurs, and may use the credit only to offset tax in taxable years otherwise allowed to be claimed and carried forward by the original claimant.

118,458 Section 458. 71.47 (6n) of the statutes is repealed.

118,459 Section 459. 71.49 (1) (b) of the statutes is repealed.

118,460 Section 460. 71.49 (1) (bb) of the statutes is repealed.

118,461 Section 461. 71.49 (1) (bm) of the statutes is repealed.

118,462 Section 462. 71.49 (1) (cd) of the statutes is repealed.

118,463 Section 463. 71.49 (1) (ce) of the statutes is repealed.

118,464 Section 464. 71.49 (1) (cn) of the statutes is repealed.

118,465 Section 465. 71.49 (1) (d) of the statutes is repealed.

118,466 Section 466. 71.49 (1) (db) of the statutes is repealed.

118,467 Section 467. 71.49 (1) (dm) of the statutes is repealed.

118,468 Section 468. 71.49 (1) (dp) of the statutes is repealed.

118,469 Section 469. 71.49 (1) (ds) of the statutes is repealed.

118,470 Section 470. 71.49 (1) (e) of the statutes is repealed.

118,471 Section 471. 71.49 (1) (ei) of the statutes is repealed.

118,472 Section 472. 71.49 (1) (eL) of the statutes is repealed.

118,473 Section 473. 71.49 (1) (ema) of the statutes is repealed.

118,474 Section 474. 71.49 (1) (eon) of the statutes is repealed.

118,475 Section 475. 71.49 (1) (epa) of the statutes is repealed.

118,477 Section 477. 71.49 (1) (f) of the statutes, as affected by 2025 Wisconsin Act 15, is amended to read:

71.49 (1) (f) The total of farmland preservation credit under subch. IX, jobs credit under s. 71.47 (3q), enterprise zone jobs credit under s. 71.47 (3w), business development credit under s. 71.47 (3y), research credit under s. 71.47 (4) (k) 1., film production services credit under s. 71.47 (5f) (b) 2., and estimated tax payments under s. 71.48.

118,478 Section 478. 71.54 (1) (a) of the statutes is repealed.

118,479 Section 479. 71.54 (1) (b) of the statutes is repealed.