SB45-SSA1-SA1,205,1
1" Section 1744be. 71.28 (2m) (b) 1. a. of the statutes is amended to read:
SB45-SSA1-SA1,205,92 71.28 (2m) (b) 1. a. Subject to the limitations provided in this subsection and
3s. 71.80 (3) and (3m), a claimant may claim as a credit against Wisconsin income
4taxes otherwise due, the amount derived under par. (c). If the allowable amount of
5claim exceeds the income taxes otherwise due on the claimant's income or if there are
6no Wisconsin income taxes due on the claimant's income, the amount of the claim not
7used as an offset against income taxes shall be certified to the department of
8administration for payment to the claimant by check, share draft or other draft paid
9from the appropriation appropriations under s. 20.835 (2) (ka) and (q).".
SB45-SSA1-SA1,205,10 10766. Page 914, line 4: after that line insert:
SB45-SSA1-SA1,205,11 11" Section 1746m. 71.28 (5d) of the statutes is created to read:
SB45-SSA1-SA1,205,1212 71.28 (5d) Study abroad credit. (a) In this subsection:
SB45-SSA1-SA1,205,1313 1. "Claimant" means a corporation that files a claim under this subsection.
SB45-SSA1-SA1,205,1514 2. "Qualified expenses" means expenses related to attending school in a foreign
15country and includes transportation costs, room and board, books and tuition.
SB45-SSA1-SA1,205,1716 (b) A claimant may claim as a credit against the tax imposed under s. 71.23 an
17amount equal to $1,000 if all of the following apply:
SB45-SSA1-SA1,205,1918 1. The claimant pays or incurs at least $3,000 in qualified expenses on behalf
19of a student who attends school in a foreign country.
SB45-SSA1-SA1,205,2120 2. The student under subd. 1. is a full-time undergraduate student enrolled in
21the University of Wisconsin System.
SB45-SSA1-SA1,205,2322 3. The student under subd. 1. is eligible for a Wisconsin higher education grant
23under s. 39.435.
SB45-SSA1-SA1,206,3
1(c) A claimant may not claim the credit under par. (b) for any tuition amounts
2that the claimant excluded under s. 71.05 (6) (b) 28. or under section 127 of the
3Internal Revenue Code.
SB45-SSA1-SA1,206,54 (d) The carry-over provisions of sub. (4) (e) and (f), as they apply to the credit
5under sub. (4), apply to the credit under this subsection.
SB45-SSA1-SA1,206,136 (e) Partnerships, limited liability companies and tax-option corporations may
7not claim the credit under this subsection, but the eligibility for, and the amount of,
8the credit are based on their payment of qualified expenses under par. (b) 1. A
9partnership, limited liability company or tax-option corporation shall compute the
10amount of credit that each of its partners, members or shareholders may claim and
11shall provide that information to each of them. Partners, members of limited liability
12companies and shareholders of tax-option corporations may claim the credit in
13proportion to their ownership interest.
SB45-SSA1-SA1,206,1514 (f) Subsection (4) (g) and (h), as it applies to the credit under sub. (4), applies
15to the credit under this subsection.".
SB45-SSA1-SA1,206,16 16767. Page 914, line 6: after that line insert:
SB45-SSA1-SA1,206,17 17" Section 1747n. 71.30 (3) (f) of the statutes is amended to read:
SB45-SSA1-SA1,206,2118 71.30 (3) (f) The total of farmers' drought property tax credit under s. 71.28
19(1fd), farmland preservation credit under subch. IX, farmland tax relief credit under
20s. 71.28 (2m), study abroad credit under s. 71.28 (5d) and estimated tax payments
21under s. 71.29.".
SB45-SSA1-SA1,206,23 22768. Page 917, line 5: delete ", (1dy) and (3)" and substitute "and, (1dy), (3)
23and (5d)".
SB45-SSA1-SA1,206,24 24769. Page 938, line 5: after "(1dy)" insert "and (5d)".
SB45-SSA1-SA1,207,2
1770. Page 938, line 24: delete the material beginning with that line and
2ending with page 941, line 10.
SB45-SSA1-SA1,207,4 3771. Page 943, line 18: delete the material beginning with that line and
4ending with page 944, line 19.
SB45-SSA1-SA1,207,5 5772. Page 943, line 22: after that line insert:
SB45-SSA1-SA1,207,6 6" Section 1757be. 71.47 (2m) (b) 1. a. of the statutes is amended to read:
SB45-SSA1-SA1,207,147 71.47 (2m) (b) 1. a. Subject to the limitations provided in this subsection and
8s. 71.80 (3) and (3m), a claimant may claim as a credit against Wisconsin income
9taxes otherwise due, the amount derived under par. (c). If the allowable amount of
10claim exceeds the income taxes otherwise due on the claimant's income or if there are
11no Wisconsin income taxes due on the claimant's income, the amount of the claim not
12used as an offset against income taxes shall be certified to the department of
13administration for payment to the claimant by check, share draft or other draft paid
14from the appropriation appropriations under s. 20.835 (2) (ka) and (q).".
SB45-SSA1-SA1,207,15 15773. Page 944, line 19: after that line insert:
SB45-SSA1-SA1,207,16 16" Section 1759s. 71.47 (5d) of the statutes is created to read:
SB45-SSA1-SA1,207,1717 71.47 (5d) Study abroad credit. (a) In this subsection:
SB45-SSA1-SA1,207,1818 1. "Claimant" means a corporation that files a claim under this subsection.
SB45-SSA1-SA1,207,2019 2. "Qualified expenses" means expenses related to attending school in a foreign
20country and includes transportation costs, room and board, books and tuition.
SB45-SSA1-SA1,207,2221 (b) A claimant may claim as a credit against the tax imposed under s. 71.43 an
22amount equal to $1,000 if all of the following apply:
SB45-SSA1-SA1,207,2423 1. The claimant pays or incurs at least $3,000 in qualified expenses on behalf
24of a student who attends school in a foreign country.
SB45-SSA1-SA1,208,2
12. The student under subd 1. is a full-time undergraduate student enrolled in
2the University of Wisconsin System.
SB45-SSA1-SA1,208,43 3. The student under subd. 1. is eligible for a Wisconsin higher education grant
4under s. 39.435.
SB45-SSA1-SA1,208,75 (c) A claimant may not claim the credit under par. (b) for any tuition amounts
6that the claimant excluded under s. 71.05 (6) (b) 28. or under section 127 of the
7Internal Revenue Code.
SB45-SSA1-SA1,208,98 (d) The carry-over provisions of s. 71.28 (4) (e) and (f), as they apply to the credit
9under s. 71.28 (4), apply to the credit under this subsection.
SB45-SSA1-SA1,208,1710 (e) Partnerships, limited liability companies and tax-option corporations may
11not claim the credit under this subsection, but the eligibility for, and the amount of,
12the credit are based on their payment of qualified expenses under par. (b) 1. A
13partnership, limited liability company or tax-option corporation shall compute the
14amount of credit that each of its partners, members or shareholders may claim and
15shall provide that information to each of them. Partners, members of limited liability
16companies and shareholders of tax-option corporations may claim the credit in
17proportion to their ownership interest.
SB45-SSA1-SA1,208,1918 (f) Section 71.28 (4) (g) and (h), as it applies to the credit under s. 71.28 (4),
19applies to the credit under this subsection.".
SB45-SSA1-SA1,208,20 20774. Page 944, line 21: after that line insert:
SB45-SSA1-SA1,208,21 21" Section 1760s. 71.49 (1) (f) of the statutes is amended to read:
SB45-SSA1-SA1,209,222 71.49 (1) (f) The total of farmers' drought property tax credit under s. 71.47
23(1fd), farmland preservation credit under subch. IX, farmland tax relief credit under

1s. 71.47 (2m), the study abroad credit under s. 71.47 (5d) and estimated tax payments
2under s. 71.48.".
SB45-SSA1-SA1,209,4 3775. Page 945, line 2: delete that line and substitute: "71.54 (1) (e) 2000. The
4amount of any claim filed in 2000".
SB45-SSA1-SA1,209,5 5776. Page 945, line 3: delete "thereafter".
SB45-SSA1-SA1,209,6 6777. Page 945, line 13: after that line insert:
SB45-SSA1-SA1,209,7 7" Section 1763c. 71.54 (1) (f) of the statutes is created to read:
SB45-SSA1-SA1,209,108 71.54 (1) (f) 2001 and thereafter. The amount of any claim filed in 2001 and
9thereafter and based on property taxes accrued or rent constituting property taxes
10accrued during the previous year is limited as follows:
SB45-SSA1-SA1,209,1311 1. If the household income was $8,000 or less in the year to which the claim
12relates, the claim is limited to 80% of the property taxes accrued or rent constituting
13property taxes accrued or both in that year on the claimant's homestead.
SB45-SSA1-SA1,209,1714 2. If the household income was more than $8,000 in the year to which the claim
15relates, the claim is limited to 80% of the amount by which the property taxes accrued
16or rent constituting property taxes accrued or both in that year on the claimant's
17homestead exceeds 10.357% of the household income exceeding $8,000.
SB45-SSA1-SA1,209,1918 3. No credit may be allowed if the household income of a claimant exceeds
19$22,000.".
SB45-SSA1-SA1,209,21 20778. Page 945, line 20: delete the material beginning with that line and
21ending with page 946, line 3.
SB45-SSA1-SA1,209,23 22779. Page 946, line 4: delete the material beginning with that line and ending
23with page 947, line 20.
SB45-SSA1-SA1,209,24 24780. Page 950, line 21: after that line insert:
SB45-SSA1-SA1,210,1
1" Section 1800m. 73.0301 (1) (d) 6. of the statutes is amended to read:
SB45-SSA1-SA1,210,52 73.0301 (1) (d) 6. A license or certificate of registration issued by the
3department of financial institutions, or a division of it, under s. 138.09, 138.12,
4217.06, 218.01, 218.02, 218.04, 218.05 or, 224.72, 224.93 or under subch. III of ch.
5551.".
SB45-SSA1-SA1,210,7 6781. Page 950, line 23: delete "school aids" and substitute "intradistrict
7transfer aid
".
SB45-SSA1-SA1,210,9 8782. Page 951, line 1: delete "ss. 121.15 (3m) (a) 1m. a. to c. and" and
9substitute "s.".
SB45-SSA1-SA1,210,10 10783. Page 951, line 5: after that line insert:
SB45-SSA1-SA1,210,11 11" Section 1801s. 74.48 (1) of the statutes is amended to read:
SB45-SSA1-SA1,210,2112 74.48 (1) If a person owns land that has been is valued as agricultural land
13under s. 70.32 (2r) (b) is sold by a person who and has owned it such land for less than
145 years and who has benefited from a value lower than that established by, and either
15sells the land or the use of the land changes so that the land is not valued as
16agricultural land under
s. 70.32 (2r) (a), there is imposed on that person a penalty
17equal to 5% of the difference between the sale price of the agricultural land and the
18value that would be established for it under s. 70.32 (2r) (c)
property taxes that the
19person would have paid related to the land if the land had been assessed at the land's
20fair market value and the property taxes that the person paid
during the last year
21of
2 years that the person's ownership person owned the land.".
SB45-SSA1-SA1,210,22 22784. Page 952, line 22: after that line insert:
SB45-SSA1-SA1,210,23 23" Section 1807b. 76.025 (2) of the statutes is amended to read:
SB45-SSA1-SA1,211,4
176.025 (2) If the property of any company defined in s. 76.28 (1), except a
2qualified wholesale electric company as defined in s. 76.28 (1) (gm) and a wholesale
3merchant plant as defined in s. 76.28 (1) (j)
, is located entirely within a single town,
4village or city, it shall be subject to local assessment and taxation.".
SB45-SSA1-SA1,211,5 5785. Page 953, line 3: after that line insert:
SB45-SSA1-SA1,211,6 6" Section 1808g. 76.28 (1) (d) of the statutes is amended to read:
SB45-SSA1-SA1,212,27 76.28 (1) (d) "Gross revenues" for a light, heat and power company other than
8a qualified wholesale electric company or a wholesale merchant plant means total
9operating revenues as reported to the public service commission except revenues for
10interdepartmental sales and for interdepartmental rents as reported to the public
11service commission and deductions from the sales and use tax under s. 77.61 (4),
12except that the company may subtract from revenues either the actual cost of power
13purchased for resale, as reported to the public service commission, by a light, heat
14and power company, except a municipal light, heat and power company, that
15purchases under federal or state approved wholesale rates more than 50% of its
16electric power from a person other than an affiliated interest, as defined in s. 196.52
17(1), if the revenue from that purchased electric power is included in the seller's gross
18revenues or the following percentages of the actual cost of power purchased for
19resale, as reported to the public service commission, by a light, heat and power
20company, except a municipal light, heat and power company that purchases more
21than 90% of its power and that has less than $50,000,000 of gross revenues: 10% for
22the fee assessed on May 1, 1988, 30% for the fee assessed on May 1, 1989, and 50%
23for the fee assessed on May 1, 1990, and thereafter. For a qualified wholesale electric

1company or a wholesale merchant plant, "gross revenues" means total business
2revenues from those businesses included under par. (e) 1. to 4.
SB45-SSA1-SA1, s. 1808h 3Section 1808h. 76.28 (1) (e) (intro.) of the statutes is amended to read:
SB45-SSA1-SA1,212,124 76.28 (1) (e) (intro.) "Light, heat and power companies" means any person,
5association, company or corporation, including corporations described in s. 66.069 (2)
6and including qualified wholesale electric companies and wholesale merchant plants
7and except only business enterprises carried on exclusively either for the private use
8of the person, association, company or corporation engaged in them, or for the private
9use of a person, association, company or corporation owning a majority of all
10outstanding capital stock or who control the operation of business enterprises and
11except electric cooperatives taxed under s. 76.48 that engage in any of the following
12businesses:
SB45-SSA1-SA1, s. 1808j 13Section 1808j. 76.28 (1) (j) of the statutes is created to read:
SB45-SSA1-SA1,212,1614 76.28 (1) (j) "Wholesale merchant plants" means wholesale merchant plants,
15as defined in s. 196.491 (1) (w), that receive a certificate of public convenience and
16necessity under s. 196.491 (3) after December 31, 1999.
SB45-SSA1-SA1, s. 1808m 17Section 1808m. 76.28 (2) (a) of the statutes is amended to read:
SB45-SSA1-SA1,212,2518 76.28 (2) (a) There is imposed on every light, heat and power company an
19annual license fee to be assessed by the department on or before May 1, 1985, and
20every May 1 thereafter measured by the gross revenues of the preceding year at the
21rates and by the methods set forth under pars. (b) to (d) (e). The fee shall become
22delinquent if not paid when due and when delinquent shall be subject to interest at
23the rate of 1.5% per month until paid. Payment in full of the May 1 assessment
24constitutes a license to carry on business for the 12-month period commencing on the
25preceding January 1.
SB45-SSA1-SA1, s. 1808p
1Section 1808p. 76.28 (2) (c) (intro.) of the statutes is amended to read:
SB45-SSA1-SA1,213,42 76.28 (2) (c) (intro.) For private light, heat and power companies, except
3wholesale merchant plants,
for 1986 and thereafter, an amount equal to the
4apportionment factor multiplied by the sum of:
SB45-SSA1-SA1, s. 1808q 5Section 1808q. 76.28 (2) (d) of the statutes is amended to read:
SB45-SSA1-SA1,213,96 76.28 (2) (d) For municipal light, heat and power companies, except wholesale
7merchant plants
, an amount equal to the gross revenues, except gross revenues from
8operations within the municipality that operates the company, multiplied by the
9rates under par. (b) or (c).
SB45-SSA1-SA1, s. 1808r 10Section 1808r. 76.28 (2) (e) of the statutes is created to read:
SB45-SSA1-SA1,213,1211 76.28 (2) (e) For wholesale merchant plants, an amount equal to the
12apportionment factor multiplied by the sum of gross revenues multiplied by 1.59%.".
SB45-SSA1-SA1,213,13 13786. Page 953, line 3: after that line insert:
SB45-SSA1-SA1,213,14 14" Section 1809b. 76.28 (1) (d) of the statutes is amended to read:
SB45-SSA1-SA1,214,1415 76.28 (1) (d) "Gross revenues" for a light, heat and power company other than
16a qualified wholesale electric company or a transmission company means total
17operating revenues as reported to the public service commission except revenues for
18interdepartmental sales and for interdepartmental rents as reported to the public
19service commission and deductions from the sales and use tax under s. 77.61 (4),
20except that the company may subtract from revenues either the actual cost of power
21purchased for resale, as reported to the public service commission, by a light, heat
22and power company, except a municipal light, heat and power company, that
23purchases under federal or state approved wholesale rates more than 50% of its
24electric power from a person other than an affiliated interest, as defined in s. 196.52

1(1), if the revenue from that purchased electric power is included in the seller's gross
2revenues or the following percentages of the actual cost of power purchased for
3resale, as reported to the public service commission, by a light, heat and power
4company, except a municipal light, heat and power company that purchases more
5than 90% of its power and that has less than $50,000,000 of gross revenues: 10% for
6the fee assessed on May 1, 1988, 30% for the fee assessed on May 1, 1989, and 50%
7for the fee assessed on May 1, 1990, and thereafter. For a qualified wholesale electric
8company, "gross revenues" means total business revenues from those businesses
9included under par. (e) 1. to 4. For a transmission company, "gross revenues" means
10total operating revenues as reported to the public service commission, except
11revenues for transmission service that is provided to a public utility that is subject
12to the license fee under sub. (2) (d), to a public utility, as defined in s. 196.01 (5), or
13to a cooperative association organized under ch. 185 for the purpose of providing
14electricity to its members only.
".
SB45-SSA1-SA1, s. 1809f 15Section 1809f. 76.28 (1) (e) (intro.) of the statutes is amended to read:
SB45-SSA1-SA1,214,2416 76.28 (1) (e) (intro.) "Light, heat and power companies" means any person,
17association, company or corporation, including corporations described in s. 66.069 (2)
18and including, qualified wholesale electric companies and transmission companies
19and except only business enterprises carried on exclusively either for the private use
20of the person, association, company or corporation engaged in them, or for the private
21use of a person, association, company or corporation owning a majority of all
22outstanding capital stock or who control the operation of business enterprises and
23except electric cooperatives taxed under s. 76.48 that engage in any of the following
24businesses:
SB45-SSA1-SA1, s. 1809k 25Section 1809k. 76.28 (1) (e) 5. of the statutes is created to read:
SB45-SSA1-SA1,215,1
176.28 (1) (e) 5. Transmitting electric current for light, heat or power.
SB45-SSA1-SA1, s. 1809no 2Section 1809no. 76.28 (1) (j) of the statutes is created to read:
SB45-SSA1-SA1,215,43 76.28 (1) (j) "Transmission company" has the meaning given in s. 196.485 (1)
4(ge).
SB45-SSA1-SA1, s. 1809s 5Section 1809s. 76.28 (2) (c) (intro.) of the statutes is amended to read:
SB45-SSA1-SA1,215,86 76.28 (2) (c) (intro.) For Except as provided under par. (e), for private light, heat
7and power companies for 1986 and thereafter, an amount equal to the apportionment
8factor multiplied by the sum of:
SB45-SSA1-SA1, s. 1809w 9Section 1809w. 76.28 (2) (d) of the statutes is amended to read:
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