AB150-SA116,38,104
71.26
(3) (b) Section 103 (relating to an exemption for interest) is excluded and
5replaced, for corporations subject to taxation under s. 71.23 (1), by the rule that any
6interest income not included in federal taxable income
, except interest under sub.
7(1m), is added to federal taxable income and any interest income which is by federal
8law exempt from taxation by this state is excluded, and replaced, for corporations
9subject to taxation under s. 71.23 (2), by the rule that any interest income not
10included in federal taxable income is added to federal taxable income.
AB150-SA116,39,914
71.36
(1m) A tax-option corporation may deduct from its net income all
15amounts included in the Wisconsin adjusted gross income of its shareholders, the
16capital gain deduction under s. 71.05 (6) (b) 9
. and all amounts not taxable to
17nonresident shareholders under ss. 71.04 (1) and (4) to (9) and 71.362. For purposes
18of this subsection, interest on federal obligations
, obligations issued under ss. 66.39,
1966.40, 66.431 and 66.4325, obligations issued under s. 234.65 to fund an economic
20development loan to finance construction, renovation or development of property
21that would be exempt under s. 70.11 (36) and obligations issued under subch. II of
22ch. 229 is not included in shareholders' income. The proportionate share of the net
23loss of a tax-option corporation shall be attributed and made available to
24shareholders on a Wisconsin basis but subject to the limitation and carry-over rules
1as prescribed by section
1366 (d) of the internal revenue code. Net operating losses
2of the corporation to the extent attributed or made available to a shareholder may
3not be used by the corporation for further tax benefit. For purposes of computing the
4Wisconsin adjusted gross income of shareholders, tax-option items shall be reported
5by the shareholders and those tax-option items, including capital gains and losses,
6shall retain the character they would have if attributed to the corporation, including
7their character as business income. In computing the tax liability of a shareholder,
8no credit against gross tax that would be available to the tax-option corporation if
9it were a nontax-option corporation may be claimed.".
AB150-SA116,39,1514
71.45
(1t) Exemption from the income tax. The interest and income from the
15following obligations are exempt from the tax imposed under s. 71.43 (1):
AB150-SA116,39,1616
(a) Those issued under s. 66.39.
AB150-SA116,39,1717
(b) Those issued under s. 66.40.
AB150-SA116,39,1818
(c) Those issued under s. 66.431.
AB150-SA116,39,1919
(d) Those issued under s. 66.4325.
AB150-SA116,39,2220
(e) Those issued under s. 234.65 to fund an economic development loan to
21finance construction, renovation or development of property that would be exempt
22under s. 70.11 (36).
AB150-SA116,39,2323
(f) Those issued under subch. II of ch. 229.".
AB150-SA116,40,1
1"
Section 3406m. 71.45 (2) (a) 3. of the statutes is amended to read:
AB150-SA116,40,72
71.45
(2) (a) 3. For insurers subject to taxation under s. 71.43 (1), by adding to
3federal taxable income the amount of any interest income
, except interest under sub.
4(1t), that is not included in federal taxable income except the amount of any interest
5income which is by federal law exempt from taxation by this state and, for insurers
6subject to taxation under s. 71.43 (2), by adding to federal taxable income the amount
7of any interest income which is not included in federal taxable income.".
AB150-SA116,40,14
12"71.78
(4) (n) The state public defender and the department of administration
13for the purpose of collecting payment ordered under s. 48.275 (2), 757.66, 973.06 (1)
14(e) or 977.076 (1).".
AB150-SA116,41,10
8"(a) If the motor vehicle is assigned to and used by an employe of the dealer for
9whom the dealer is required to withhold amounts for federal income tax purposes,
10$96 per month for each motor vehicle registration plate held by the dealer,".
AB150-SA116,41,2317
77.56
(2) The loan by an automobile dealer of a motor vehicle to any school or
18school district for a driver training educational program conducted by the school or
19school district is exempt from the use tax.
If the dealer makes any other use of the
20vehicle except retention, demonstration or display while holding it for sale in the
21regular course of business, the use is taxable to the dealer under s. 77.53 as of the
22time the property is first so used, and the sales price of the vehicle to the dealer is
23the measure of the tax.".
AB150-SA116,42,15
15"
Section 3519jpg. 84.078 (1) (bc) of the statutes is created to read:
AB150-SA116,42,1616
84.078
(1) (bc) "Operator" has the meaning given in s. 144.442 (9) (a) 1.
AB150-SA116,42,1818
84.078
(1) (be) "Owner" has the meaning given in s. 144.442 (9) (a) 2.
AB150-SA116,42,2320
84.078
(1) (bg) "Person" means an individual, owner, operator, corporation,
21limited liability company, partnership, association, municipality, interstate agency,
22state agency or an officer or agent of a state agency, federal agency, department or
23instrumentality.".
AB150-SA116,43,3
2"(d) 1. Except as provided in subd. 3., no state agency may commence an action
3or proceeding under federal".
AB150-SA116,43,12
8"3. If the department of transportation is named as a defendant or a respondent
9in an action or proceeding under federal law to require remedial action, or to recover
10the costs of remedying environmental pollution, related to the use of high-volume
11industrial waste in a highway improvement that satisfies the requirements under
12par. (a), the department of transportation may do any of the following:
AB150-SA116,43,1513
a. Commence an action or proceeding under federal or state law to require
14remedial action, or to recover the costs of remedying environmental pollution,
15related to the use of high-volume industrial waste in that highway improvement.
AB150-SA116,43,1817
b. Commence an action or proceeding to enforce any stipulation, agreement or
18judgment resulting from an action or proceeding described in this subdivision.".
AB150-SA116,44,5
5"
Section 3753m. 103.49 (2) of the statutes is amended to read:
AB150-SA116,45,76
103.49
(2) Any contract hereafter made for the erection, construction,
7remodeling or repairing of any public building or for any other project of public
8works, except contracts for the construction or maintenance of public highways and
9bridges, to which the state, any department thereof
or
, any public building
10corporation
or the University of Wisconsin Hospitals and Clinics Authority is a party
11shall contain a stipulation that no laborer, workman or mechanic employed directly
12upon the site of the work by the contractor or by any subcontractor, agent or other
13person, doing or contracting to do all or a part of the work, shall be permitted to work
14a greater number of hours per day or per calendar week than the prevailing hours
15of labor determined pursuant to this section, except that any such laborer, workman
16or mechanic may be permitted or required to work more than such prevailing number
17of hours per day and per calendar week if he is paid for all hours in excess of the
18prevailing hours at a rate of at least 1-1/2 times his hourly basic rate of pay; nor shall
19he be paid less than the prevailing wage rate in the same or most similar trade or
20occupation in the area wherein such public building or project of public works is
21situated; nor shall this section apply to wage rates and hours of employment of
22laborers, workmen or mechanics engaged in the processing or manufacture of
23materials or products or to the delivery thereof by or for commercial establishments
24which have a fixed place of business from which they regularly supply such processed
1or manufactured materials or products; except that this section shall apply to
2laborers, workmen or mechanics who deliver mineral aggregate such as sand, gravel
3or stone which is incorporated into the work under the contract by depositing the
4material substantially in place, directly or through spreaders, from the transporting
5vehicle. The prevailing wage rates, prevailing hours of labor, and hourly basic rates
6of pay determined pursuant to this section shall be set forth specifically in the
7contract.
AB150-SA116,45,229
103.49
(4) Any officer or employe of the state
or of the University of Wisconsin
10Hospitals and Clinics Authority who publishes any specifications or executes any
11contract for the erection, construction, remodeling or repairing of any public building
12or of any other project of public works as defined in sub. (2), to which the state, any
13department thereof
or, any public building corporation
or the University of
14Wisconsin Hospitals and Clinics Authority is a party without complying with this
15section and any contractor, subcontractor or agent thereof who, after executing a
16contract in compliance with this section, pays to any laborer, workman or mechanic
17employed directly upon the site of the work in his or their employ a lesser wage for
18work done under such contract than the prevailing wage rate as set forth in the
19contract shall be fined not more than $200, or imprisoned for not more than 6 months,
20or both. Such agent or subcontractor shall furnish to the contractor evidence of
21compliance with this section. Each day any violation of this subsection continues
22shall be deemed a separate offense.
AB150-SA116,46,1424
103.49
(7) (a) Except as provided under pars. (b) and (c), the department shall
25distribute to all state agencies, as defined in s. 20.001 (1),
and to the University of
1Wisconsin Hospitals and Clinics Authority a list of persons whom the department
2has found to have failed to pay the prevailing wage rate determined under sub. (1)
3or to have paid less than 1.5 times the hourly basic rate of pay for hours worked on
4a project in excess of the prevailing hours determined under sub. (1) at any time in
5the preceding 3 years. The department shall include with any such name the address
6of such person and shall specify when and how such person has failed to pay the
7prevailing wage rate determined under this subsection and when and how such
8person has failed to pay less than 1.5 times the hourly basic rate of pay for hours
9worked on a project in excess of the prevailing hours of labor determined under this
10subsection.
No state agency may A state agency or the University of Wisconsin
11Hospitals and Clinics Authority may not award any contract to such person unless
12otherwise recommended by the department or unless 3 years have elapsed from the
13date the department issued its findings or date of final determination by a court of
14competent jurisdiction, whichever is later.".
