SB55-SSA1-SA2,260,139
69.22
(1r) By the 15th day of the first month following the end of a calendar
10quarter, the state registrar and any person acting under this subchapter shall
11forward to the state treasurer the amounts specified in sub. (1) (e) and (f) that are
12received during the calendar quarter. The state treasurer shall credit all amounts
13received under this subsection to the cemetery management insurance fund.".
SB55-SSA1-SA2,260,1716
69.30
(1) (bg) "Milwaukee County child welfare district" means the Milwaukee
17County child welfare district created under s. 48.562.
SB55-SSA1-SA2,261,319
69.30
(2) A financial institution, state agency, county department, Wisconsin
20works agency, service office
or, family care district
, or the Milwaukee County child
21welfare district or an employee of a financial institution, state agency, county
22department, Wisconsin works agency, service office
or
, family care district
, or the
23Milwaukee County child welfare district is not subject to s. 69.24 (1) (a) for copying
24a certified copy of a vital record for use by the financial institution, state agency,
1county department, Wisconsin works agency, service office
or, family care district
, or
2the Milwaukee County child welfare district, including use under s. 45.36 (4m), if the
3copy is marked "FOR ADMINISTRATIVE USE
".."
SB55-SSA1-SA2,261,205
70.11
(2) Municipal property and property of certain districts, exception. 6Property owned by any county, city, village, town, school district, technical college
7district, public inland lake protection and rehabilitation district, metropolitan
8sewerage district, municipal water district created under s. 198.22, joint local water
9authority created under s. 66.0823, family care district under s. 46.2895
, or town
10sanitary district;
property owned by the Milwaukee County child welfare district
11under s. 48.562; lands belonging to cities of any other state used for public parks; land
12tax-deeded to any county or city before January 2; but any residence located upon
13property owned by the county for park purposes that is rented out by the county for
14a nonpark purpose shall not be exempt from taxation. Except as to land acquired
15under s. 59.84 (2) (d), this exemption shall not apply to land conveyed after
16August 17, 1961, to any such governmental unit or for its benefit while the grantor
17or others for his or her benefit are permitted to occupy the land or part thereof in
18consideration for the conveyance. Leasing the property exempt under this
19subsection, regardless of the lessee and the use of the leasehold income, does not
20render that property taxable.".
SB55-SSA1-SA2,262,3
170.11
(12m) Jewish community centers. Property owned by a Jewish
2community center, if the property is used for moral, religious, and educational
3purposes and is not used for pecuniary profit of any individual.".
SB55-SSA1-SA2,262,1310
70.111
(25) Digital broadcasting equipment. Digital broadcasting equipment
11owned and used by a radio station
or a, television station,
except that this subsection
12does not apply to digital broadcasting equipment that is owned and used by a or cable
13television system, as defined in s.
66.082 66.0419 (2) (d).".
SB55-SSA1-SA2,262,2016
70.32
(2) (c) 1. "Agricultural land" means land, exclusive of buildings and
17improvements
and the land necessary for their location and convenience, that is
18devoted primarily to agricultural use, as defined by rule
, if the land is a farm, as
19defined in sub. (2s) (a) 2., and the owner or lessee of the land files the form under sub.
20(2s).
SB55-SSA1-SA2,262,2422
70.32
(2) (c) 1m. "Other" means buildings and improvements located on farms,
23as defined in sub. (2s) (a) 2., and the land necessary for their location and
24convenience.".
SB55-SSA1-SA2,263,33
70.32
(2s) (a) In this subsection:
SB55-SSA1-SA2,263,44
1. "Department" means the department of revenue.
SB55-SSA1-SA2,263,115
2. "Farm" means a business engaged in activities included in the North
6American Industry Classification System, 1997 edition, published by the U.S. office
7of management and budget under any of the following classifications, if the business
8generated at least $6,000 in gross receipts from such activities in the year preceding
9the date that a form is filed under par. (b) or if the business is likely to generate at
10least $6,000 in gross receipts from such activities in the year following the date that
11a form is filed under par. (b):
SB55-SSA1-SA2,263,1412
a. Classification 111-Crop production including grow sod, Christmas trees, and
13ginseng under industry number 111421, but excluding growing nursery product and
14stock under industry number 111421.
SB55-SSA1-SA2,263,1515
b. Classification 112-Animal production.
SB55-SSA1-SA2,264,516
(b) Any person who owns or who is a lessee of land used as a farm shall file a
17form, as prescribed by the department, with the assessor of each taxation district in
18which land included in the farm is located no later than March 1 that certifies that
19the person is the owner or lessee of land used as a farm. The person shall certify on
20the form that the farm generated at least $6,000 in gross receipts from the activities
21described under par. (a) 2. in the preceding year, or is likely to generate at least
22$6,000 in gross receipts from such activities in the year following the date that a form
23is filed under this paragraph. On the form, the person shall specify each such activity
24and the gross receipts generated or likely to be generated from each activity. For
1purposes of this subsection, gross receipts from the activities described under par. (a)
22. shall be calculated on a per farm basis, regardless of whether the farm is located
3in more than one taxation district. A person who has filed a form under this
4paragraph shall only file such a form in a subsequent year, if in that subsequent year
5the person has acquired or leased additional land to be used as part of the farm.
SB55-SSA1-SA2,264,166
(c) If the use of the person's land has changed so that it may no longer be
7assessed as agricultural land under sub. (2r), the person who owns or who is the
8lessee of the land shall notify the clerk of the taxation district in which the person's
9land is located, on a form prescribed by the department. If the use of the person's land
10has changed so that it may no longer be assessed as agricultural land under sub. (2r)
11and the person who owns or who is the lessee of the land does not notify the clerk of
12the taxation district as provided under this paragraph, the taxation district shall
13treat the difference between the land's value as agricultural land under sub. (2r) and
14the land's value under the appropriate classification as provided under sub. (2) (a)
15as omitted property under s. 70.44 and collect from the owner of the land the penalty
16under s. 74.48.".
SB55-SSA1-SA2,265,8
171.07
(2di) (b) 1. Except as provided in subd. 2., the credit, including any
2credits carried over, may be offset only against the amount of the tax otherwise due
3under this chapter attributable to income from the business operations of the
4claimant in the development zone
; except that a claimant in a development zone
5under s. 560.795 (1) (e) may offset the credit, including any credits carried over,
6against the amount of the tax otherwise due under this chapter attributable to all
7of the claimant's income; and against the tax attributable to income from directly
8related business operations of the claimant.
SB55-SSA1-SA2,266,210
71.07
(2di) (b) 3. Partnerships, limited liability companies and tax-option
11corporations may not claim the credit under this subsection, but the eligibility for,
12and amount of, that credit shall be determined on the basis of their economic activity,
13not that of their shareholders, partners or members. The corporation, partnership
14or company shall compute the amount of the credit that may be claimed by each of
15its shareholders, partners or members and shall provide that information to each of
16its shareholders, partners or members. Partners, members of limited liability
17companies and shareholders of tax-option corporations may claim the credit based
18on the partnership's, company's or corporation's activities in proportion to their
19ownership interest and may offset it against the tax attributable to their income from
20the partnership's, company's or corporation's business operations in the
21development zone
; except that partners, members, and shareholders in a
22development zone under s. 560.795 (1) (e) may offset the credit against the amount
23of the tax attributable to their income from all of the partnership's, company's, or
24corporation's business operations; and against the tax attributable to their income
1from the partnership's, company's or corporation's directly related business
2operations.".
SB55-SSA1-SA2,266,12
5"(hm) Credits claimed under this subsection, including any credits carried over,
6may be offset only against the amount of the tax otherwise due under this subchapter
7attributable to income from the business operations of the claimant in the
8development zone; except that a claimant in a development zone under s. 560.795 (1)
9(e) may offset credits, including any credits carried over, against the amount of the
10tax otherwise due under this subchapter attributable to all of the claimant's income;
11and against the tax attributable to income from directly related business operations
12of the claimant.".
SB55-SSA1-SA2,266,16
13916. Page 733, line 14: after "zone" insert "; except that partners, members,
14and shareholders in a development zone under s. 560.795 (1) (e) may offset the credit
15against the amount of the tax attributable to their income from all of the
16partnership's, company's, or corporation's business operations;".
SB55-SSA1-SA2,266,1919
71.07
(5) (a) 10. Any amount claimed as a credit under sub. (9t).".
SB55-SSA1-SA2,266,21
21"
Section 2147k. 71.07 (2dx) (b) (intro.) of the statutes is amended to read:
SB55-SSA1-SA2,267,322
71.07
(2dx) (b)
Credit. (intro.) Except as provided
in pars. (be) and (bg) and 23in s. 73.03 (35)
, and subject to s. 560.785, for any taxable year for which the person
24is entitled under s. 560.795 (3) to claim tax benefits or certified under s. 560.765 (3)
1or 560.797 (4), any person may claim as a credit against taxes imposed on the person's
2income from the person's business activities in a development zone the following
3amounts:
SB55-SSA1-SA2,267,95
71.07
(2dx) (be)
Offset. A claimant in a development zone under s. 560.795 (1)
6(e) may offset any credits claimed under this subsection, including any credits
7carried over, against the amount of the tax otherwise due under this subchapter
8attributable to all of the claimant's income and against the tax attributable to income
9from directly related business operations of the claimant.
SB55-SSA1-SA2,267,2411
71.07
(2dx) (bg)
Other entities. For claimants in a development zone under s.
12560.795 (1) (e), partnerships, limited liability companies, and tax-option
13corporations may not claim the credit under this subsection, but the eligibility for,
14and amount of, that credit shall be determined on the basis of their economic activity,
15not that of their shareholders, partners, or members. The corporation, partnership,
16or company shall compute the amount of the credit that may be claimed by each of
17its shareholders, partners, or members and shall provide that information to each
18of its shareholders, partners, or members. Partners, members of limited liability
19companies, and shareholders of tax-option corporations may claim the credit based
20on the partnership's, company's, or corporation's activities in proportion to their
21ownership interest and may offset it against the tax attributable to their income from
22all of the partnership's, company's, or corporation's business operations and against
23the tax attributable to their income from the partnership's, company's, or
24corporation's directly related business operations.".
SB55-SSA1-SA2,268,87
71.07
(9t) Artistic endowment credit. (a)
Definition. In this subsection,
8"claimant" means a person who files a claim under this subsection.
SB55-SSA1-SA2,268,169
(b)
Filing claims. For taxable years beginning after December 31, 2002, subject
10to the limitations provided in this subsection, a claimant may claim as a credit
11against the tax imposed under s. 71.02, up to the amount of those taxes, an amount
12equal to 25% of the amount contributed to the artistic endowment fund under s.
1325.78, up to a maximum $50 contribution in a taxable year for a claimant who claims
14the credit as an individual or claims the credit as a married person who files a
15separate income tax return, up to a maximum $100 contribution in a taxable year
16for a claimant and a claimant's spouse who file a joint return.
SB55-SSA1-SA2,268,1817
(c)
Limitations and conditions. 1. Nonresidents of this state are not eligible
18for the credit under this subsection, except as provided under subd. 2.
SB55-SSA1-SA2,269,419
2. For a claimant who is a part-year resident of this state and who is a single
20person or a married person filing a separate return, multiply the credit for which the
21claimant is eligible under par. (b) by a fraction, the numerator of which is the
22individual's Wisconsin adjusted gross income and the denominator of which is the
23individual's federal adjusted gross income. If a claimant is married and files a joint
24return, and if the claimant's spouse is a nonresident or if the claimant or the
1claimant's spouse, or both, are part-year residents of this state, multiply the credit
2for which the claimant is eligible under par. (b) by a fraction, the numerator of which
3is the couple's joint Wisconsin adjusted gross income and the denominator of which
4is the couple's joint federal adjusted gross income.
SB55-SSA1-SA2,269,75
3. No new claim may be filed under this subsection for a taxable year that
6begins after December 31 of the year in which the department determines that the
7total amount of revenues received by the endowment fund equals $50,150,000.
SB55-SSA1-SA2,269,98
4. No credit may be allowed under this subsection unless it is claimed within
9the time period under s. 71.75 (2).
SB55-SSA1-SA2,269,1111
71.10
(4) (dg) The artistic endowment credit under s. 71.07 (9t).".
SB55-SSA1-SA2,269,1814
71.07
(9) (b) 1. Subject to the limitations under this subsection and except as
15provided in subds. 2., 4.
and, 5.,
and 6., a claimant may claim as a credit against, but
16not to exceed the amount of, taxes under s. 71.02, 10% of the first $2,000 of property
17taxes or rent constituting property taxes, or 10% of the first $1,000 of property taxes
18or rent constituting property taxes of a married person filing separately.
SB55-SSA1-SA2,270,220
71.07
(9) (b) 5. For taxable years beginning after December 31, 1999,
and
21before January 1, 2001, subject to the limitations under this subsection a claimant
22may claim as a credit against, but not to exceed the amount of, taxes under s. 71.02,
2312% of the first $2,500 of property taxes or rent constituting property taxes, or 12%
1of the first $1,250 of property taxes or rent constituting property taxes of a married
2person filing separately.
SB55-SSA1-SA2,270,94
71.07
(9) (b) 6. For taxable years beginning after December 31, 2000, subject
5to the limitations under this subsection, a claimant may claim as a credit against,
6but not to exceed the amount of, taxes under s. 71.02, 13.3% of the first $2,000 of
7property taxes or rent constituting property taxes, or 13.3% of the first $1,000 of
8property taxes or rent constituting property taxes of a married person filing
9separately.".
SB55-SSA1-SA2,270,2315
71.25
(5) (a) 9. Interest and dividends
if the operations of the payer are unitary
16with those of the payee, or if those operations are not unitary but the investment
17activity from which that income is derived is an integral part of a unitary business
18and the payer and payee are neither affiliates nor related as parent company and
19subsidiary. In this subdivision, "investment activity" includes decision making
20relating to the purchase and sale of stocks and other securities, investing surplus
21funds and the management and record keeping associated with corporate
22investments, not including activities of a broker or other agent in maintaining an
23investment portfolio.
SB55-SSA1-SA2,271,6
171.25
(5) (a) 10. Sale of intangible assets
if the operations of the company in
2which the investment was made were unitary with those of the investing company,
3or if those operations were not unitary but the investment activity from which that
4gain or loss was derived is an integral part of a unitary business and the companies
5were neither affiliates nor related as parent company and subsidiary. In this
6subdivision, "investment activity" has the meaning given under subd. 9.
SB55-SSA1-SA2,271,2212
71.25
(9) (a) The sales factor is a fraction, the numerator of which is the total
13sales of the taxpayer in this state during the tax period, and the denominator of
14which is the total sales of the taxpayer everywhere during the tax period. For sales
15of tangible personal property, the numerator of the sales factor is the sales of the
16taxpayer during the tax period under par. (b) 1. and 2. plus 50% of the sales of the
17taxpayer during the tax period under pars. (b) 2m. and 3. and (c).
For purposes of
18determining the numerator of the sales factor for a member of a combined reporting
19group under s. 71.255 (7), "taxpayer" means the member of a combined reporting
20group, as defined in s. 71.255 (1) (c), that transferred title to tangible personal
21property or, for sales other than sales of tangible personal property, that made the
22sale.".
