Statements of Scope

Estimate of Time Needed to Develop the Rule

The department estimates that approximately 200 hours of existing staff time will be needed to develop this rule. The time includes meeting with department staff and partners to collect information on streamlining measures, drafting the rule, taking the rule to statewide public hearing, preparation for meetings with the Natural Resources Board, legislative review, and rule adoption.

Agency Contact

Kathy Nelson

Forest Tax Policy Chief

Wisconsin Department of Natural Resources

101 S. Webster Street

P.O. Box 7921

Madison, WI 53707-7921

Phone: [phone]

[e-mail]

Revenue

007-11-old SS 007-11

This scope statement was approved by the governor on July 25, 2011.

Subject

Chapter Tax 2, relating to income taxation, returns, records, and gross income.

Objective of the rule

The objective of the proposed rule changes is to administer the provisions of s. 71.255 (6) (bm), Stats., as created by 2011 Wisconsin Act 32.

Policy analysis

Existing policies are as set forth in the rules. No new policies are being proposed, other than to reflect law changes. If the rules are not changed, they will be incorrect in that they will not reflect current law or current Department policy.

Statutory Authority

Sections 71.255 (6) (bm) 4., as created by 2011 Wisconsin Act 32, and 227.24, Stats.

Estimate of Time Needed to Develop the Rule

The department estimates it will take approximately 175 hours to develop the emergency and proposed permanent rule orders.

Entities Affected by the Rule

Corporations in a combined group having at least one member with a pre-2009 net business loss carryforward, as well as persons who prepare franchise and income tax returns for those corporations.

Comparison with Federal Regulations

There is no existing or proposed federal regulation that is intended to address the activities to be regulated by the rules.

Contact person:

Dale Kleven: [phone] or
[e-mail]