SB55-ASA1-AA1,617,2222
3. "Department" means the department of workforce development.
SB55-ASA1-AA1,618,623
(b) Subject to the limitations provided in this subsection, for taxable years
24beginning after June 30, 2003, a claimant may claim as a credit against the taxes
1imposed under s. 71.23 an amount that is equal to 5% of the wages that the claimant
2paid to an apprentice in the taxable year, but not to exceed $1,400, except that a
3claimant may claim as a credit against the taxes imposed under s. 71.23 an amount
4that is equal to 8% of the wages that the claimant paid to an apprentice in the taxable
5year in which the apprentice completes an apprenticeship program, but not to exceed
6$3,000.
SB55-ASA1-AA1,618,107
(c) No claimant may receive a credit under this subsection unless the claimant
8enters into an agreement with the department permitting the department to post on
9the department's Internet site the claimant's name and address and the number of
10apprentices employed by the claimant during the calendar year.
SB55-ASA1-AA1,618,2111
(d) This subsection does not apply to taxable years that begin after June 30,
122006, if the number of employers training apprentices in department-approved
13programs does not increase by more than 40% from July 1, 2003, to June 30, 2006,
14as determined by the department, except that a claimant who has claimed a credit
15for an apprentice's wages in any taxable year beginning before July 1, 2006, may
16continue to claim a credit for the apprentice's wages in succeeding taxable years,
17until the apprentice completes the apprenticeship program. As soon as practicable
18after June 30, 2006, the department shall certify to the department of revenue the
19number of employers training apprentices in approved programs on July 1, 2003, and
20the number of employers training apprentices in approved programs on June 30,
212006.
SB55-ASA1-AA1,618,2322
(e) The carry-over provisions of sub. (4) (e) and (f), as they apply to the credit
23under sub. (4), apply to the credit under this subsection.
SB55-ASA1-AA1,619,624
(f) Partnerships, limited liability companies, and tax-option corporations may
25not claim the credit under this subsection, but the eligibility for, and the amount of,
1the credit are based on their payment of wages under par. (b). A partnership, limited
2liability company, or tax-option corporation shall compute the amount of credit that
3each of its partners, members, or shareholders may claim and shall provide that
4information to each of them. Partners, members of limited liability companies, and
5shareholders of tax-option corporations may claim the credit in proportion to their
6ownership interests.
SB55-ASA1-AA1,619,87
(g) Subsection (4) (g) and (h), as it applies to the credit under sub. (4), applies
8to the credit under this subsection.
SB55-ASA1-AA1,619,1110
71.30
(3) (dm) Industrial, service, and skilled trades apprenticeship credit
11under s. 71.28 (5d).".
SB55-ASA1-AA1,619,1514
71.28
(5s) Conservation land, conservation easement tax credit. (a)
15Definitions. In this subsection:
SB55-ASA1-AA1,619,1616
1. "Claimant" means a person who files a claim under this subsection.
SB55-ASA1-AA1,619,1717
2. "Conservation easement" has the meaning given in s. 700.40 (1) (a).
SB55-ASA1-AA1,619,2118
3. "Local governmental unit" means a political subdivision of this state, a
19special purpose district in this state, an instrumentality or corporation of such a
20political subdivision or special purpose district, a combination or subunit of any of
21the foregoing, or an instrumentality of the state and any of the foregoing.
SB55-ASA1-AA1,619,2322
4. "Nonprofit conservation organization" has the meaning given in s. 23.0955
23(1).
SB55-ASA1-AA1,620,2
15. "Qualified appraisal" means any appraisal meeting the requirements of the
2regulations prescribed under section
170 (a) (1) of the Internal Revenue Code.
SB55-ASA1-AA1,620,43
6. "Qualified conservation contribution" has the meaning given in section
170 4(h) of the Internal Revenue Code.
SB55-ASA1-AA1,620,115
(b)
Filing claims. Subject to the limitations provided in this subsection, a
6claimant may claim as a credit against the tax imposed under s. 71.23 an amount
7equal to 50% of the value, based on a qualified appraisal, of property or a
8conservation easement, to the extent that the property or easement is a qualified
9conservation contribution, that is donated to the state, a local governmental unit, or
10a nonprofit conservation organization in the taxable year in which the donation is
11made or the easement is granted.
SB55-ASA1-AA1,620,1312
(c)
Limitations. 1. The maximum credit that a claimant may claim under this
13subsection in a taxable year is $100,000.
SB55-ASA1-AA1,620,1514
2. No credit may be allowed under this subsection unless it is claimed within
15the time period under s. 71.75 (2).
SB55-ASA1-AA1,620,1916
3. Subsection (4) (e) and (f), as it applies to the credit under sub. (4), applies to
17the credit under this subsection, except that with regard to the carry-over provisions
18in sub. (4) (f) the maximum number of years that the credit under this subsection may
19be carried forward is 10 years.
SB55-ASA1-AA1,621,220
4. Partnerships, limited liability companies, and tax-option corporations may
21not claim the credit under this subsection, but the eligibility for, and the amount of,
22the credit are based on the amount calculated under par. (b). A partnership, limited
23liability company, or tax-option corporation shall compute the amount of credit that
24each of its partners, members, or shareholders may claim and shall provide that
25information to each of them. Partners, members of limited liability companies, and
1shareholders of tax-option corporations may claim the credit in proportion to their
2ownership interest.
SB55-ASA1-AA1,621,73
(d)
Administration. The department of revenue may enforce the credit under
4this subsection and may take any action, conduct any proceeding, and proceed as it
5is authorized in respect to taxes under this chapter. The income tax provisions in this
6chapter relating to assessments, refunds, appeals, collection, interest, and penalties
7apply to the credit under this subsection.
SB55-ASA1-AA1,621,109
71.30
(3) (cs) Conservation land, conservation easement tax credit under s.
1071.28 (5s).".
SB55-ASA1-AA1,621,1613
71.30
(10) (h)
Certification of amounts. (intro.) Annually, on or before
14September 15, the secretary of revenue shall certify to the department of
natural
15resources fish, wildlife, parks, and forestry, the department of administration and
16the state treasurer:".
SB55-ASA1-AA1,625,9
171.34
(1g) (pm) "Internal Revenue Code" for tax-option corporations, for
2taxable years beginning after December 31, 2000, and before January 1, 2002, means
3the federal Internal Revenue Code as amended by sections 411, 412 (a), 611 (a), 635,
4636 (b), 641 to 646, 655, 658, and 701 of P.L.
107-16 and as indirectly affected by
5sections 411, 412 (a), 611 (a), 635, 636 (b), 641 to 646, 655, 658, and 701 of P.L.
107-16.
6The Internal Revenue Code applies for Wisconsin purposes at the same time as for
7federal purposes. Amendments to the federal Internal Revenue Code enacted after
8June 30, 2001, do not apply to this paragraph with respect to taxable years beginning
9after December 31, 2000, and before January 1, 2002.".
