Amendment ASA1-AB145

AB145-ASA1,2,4 71.07 (3n) (a) 2. (intro.) "Dairy farm modernization or expansion" means the construction, the improvement, or the acquisition of buildings or facilities, or the acquisition of equipment, for dairy animal housing, confinement, animal feeding, milk production, or waste management, including the following, if used exclusively related to dairy animals and if acquired and placed in service in this state during taxable years that begin after December 31, 2003, and before January 1, 2010:

AB145-ASA1, s. 2 Section 2. 71.07 (3n) (a) 4. of the statutes is created to read:

AB145-ASA1,2,8 71.07 (3n) (a) 4. "Livestock" means cattle, not including dairy animals; swine; poultry, not including farm-raised game birds or ratites; fish that are raised in aquaculture facilities; sheep; and goats.

AB145-ASA1, s. 3 Section 3. 71.07 (3n) (a) 5. of the statutes is created to read:

AB145-ASA1,2,15 71.07 (3n) (a) 5. "Livestock farm modernization or expansion" means the construction, the improvement, or the acquisition of buildings or facilities, or the acquisition of equipment, for livestock housing, confinement, feeding, or waste management, including the following, if used exclusively related to livestock and if acquired and placed in service in this state during taxable years that begin after December 31, 2004, and before January 1, 2011:

AB145-ASA1,2,16 a. Birthing structures.

AB145-ASA1,2,17 b. Rearing structures.

AB145-ASA1,2,18 c. Feedlot structures.

AB145-ASA1,2,19 d. Feed storage and handling equipment.

AB145-ASA1,2,20 e. Fences.

AB145-ASA1,2,21 f. Watering facilities.

AB145-ASA1,2,22 g. Scales.

AB145-ASA1,2,23 h. Manure pumping and storage facilities.

AB145-ASA1,2,24 i. Digesters.

AB145-ASA1,2,25 j. Equipment used to produce energy.

AB145-ASA1,3,1 k. Fish hatchery buildings.

AB145-ASA1,3,2 L. Fish processing buildings.

AB145-ASA1,3,3 m. Fish rearing ponds.

AB145-ASA1, s. 4 Section 4. 71.07 (3n) (a) 6. of the statutes is created to read:

AB145-ASA1,3,7 71.07 (3n) (a) 6. a. For taxable years that begin after December 31, 2003, and before January 1, 2005, "used exclusively," related to dairy animals, means used to the exclusion of all other uses except for use not exceeding 5 percent of total use.

AB145-ASA1,3,10 b. For taxable years that begin after December 31, 2004, and before January 1, 2010, "used exclusively," related to livestock, dairy animals, or both, means used to the exclusion of all other uses except for use not exceeding 5 percent of total use.

AB145-ASA1,3,13 c. For taxable years that begin after December 31, 2009, and before January 1, 2011, "used exclusively," related to livestock, means used to the exclusion of all other uses except for use not exceeding 5 percent of total use.

AB145-ASA1, s. 5 Section 5. 71.07 (3n) (b) of the statutes is renumbered 71.07 (3n) (b) 1.

AB145-ASA1, s. 6 Section 6. 71.07 (3n) (b) 2. of the statutes is created to read:

AB145-ASA1,3,21 71.07 (3n) (b) 2. Subject to the limitations provided in this subsection, for taxable years that begin after December 31, 2004, and before January 1, 2011, a claimant may claim as a credit against the tax imposed under ss. 71.02 and 71.08 an amount equal to 10 percent of the amount the claimant paid in the taxable year for livestock farm modernization or expansion related to the operation of the claimant's livestock farm.

AB145-ASA1, s. 7 Section 7. 71.07 (3n) (e) of the statutes is renumbered 71.07 (3n) (e) 1. and amended to read:

AB145-ASA1,4,7 71.07 (3n) (e) 1. Partnerships, limited liability companies, and tax-option corporations may not claim the credit under this subsection, but the eligibility for, and the amount of, the credit are based on their payment of expenses under par. (b), except that the aggregate amount of credits that the entity may compute shall not exceed $50,000. A partnership, limited liability company, or tax-option corporation shall compute the amount of credit that each of its partners, members, or shareholders may claim and shall provide that information to each of them. Partners, members of limited liability companies, and shareholders of tax-option corporations may claim the credit in proportion to their ownership interest.

AB145-ASA1, s. 8 Section 8. 71.07 (3n) (e) 2. of the statutes is created to read:

AB145-ASA1,4,12 71.07 (3n) (e) 2. If 2 or more persons own and operate the dairy or livestock farm, each person may claim a credit under par. (b) in proportion to his or her ownership interest, except that the aggregate amount of the credits claimed by all persons who own and operate the farm shall not exceed $50,000.

AB145-ASA1, s. 9 Section 9. 71.28 (3n) (a) 2. (intro.) of the statutes is amended to read:

AB145-ASA1,4,19 71.28 (3n) (a) 2. (intro.) "Dairy farm modernization or expansion" means the construction, the improvement, or the acquisition of buildings or facilities, or acquiring equipment, for dairy animal housing, confinement, animal feeding, milk production, or waste management, including the following, if used exclusively related to dairy animals and if acquired and placed in service in this state during taxable years that begin after December 31, 2003, and before January 1, 2010:

AB145-ASA1, s. 10 Section 10. 71.28 (3n) (a) 4. of the statutes is created to read:

AB145-ASA1,4,23 71.28 (3n) (a) 4. "Livestock" means cattle, not including dairy animals; swine; poultry, not including farm-raised game birds or ratites; fish that are raised in aquaculture facilities; sheep; and goats.

AB145-ASA1, s. 11 Section 11. 71.28 (3n) (a) 5. of the statutes is created to read:

AB145-ASA1,5,6 71.28 (3n) (a) 5. "Livestock farm modernization or expansion" means the construction, the improvement, or the acquisition of buildings or facilities, or the acquisition of equipment, for livestock housing, confinement, feeding, or waste management, including the following, if used exclusively related to livestock and if acquired and placed in service in this state during taxable years that begin after December 31, 2004, and before January 1, 2011:

AB145-ASA1,5,7 a. Birthing structures.

AB145-ASA1,5,8 b. Rearing structures.

AB145-ASA1,5,9 c. Feedlot structures.

AB145-ASA1,5,10 d. Feed storage and handling equipment.

AB145-ASA1,5,11 e. Fences.

AB145-ASA1,5,12 f. Watering facilities.

AB145-ASA1,5,13 g. Scales.

AB145-ASA1,5,14 h. Manure pumping and storage facilities.

AB145-ASA1,5,15 i. Digesters.

AB145-ASA1,5,16 j. Equipment used to produce energy.

AB145-ASA1,5,17 k. Fish hatchery buildings.

AB145-ASA1,5,18 L. Fish processing buildings.

AB145-ASA1,5,19 m. Fish rearing ponds.

AB145-ASA1, s. 12 Section 12. 71.28 (3n) (a) 6. of the statutes is created to read:

AB145-ASA1,5,23 71.28 (3n) (a) 6. a. For taxable years that begin after December 31, 2003, and before January 1, 2005, "used exclusively," related to dairy animals, means used to the exclusion of all other uses except for use not exceeding 5 percent of total use.

AB145-ASA1,6,3 b. For taxable years that begin after December 31, 2004, and before January 1, 2010, "used exclusively," related to livestock, dairy animals, or both, means used to the exclusion of all other uses except for use not exceeding 5 percent of total use.

AB145-ASA1,6,6 c. For taxable years that begin after December 31, 2009, and before January 1, 2011, "used exclusively," related to livestock, means used to the exclusion of all other uses except for use not exceeding 5 percent of total use.

AB145-ASA1, s. 13 Section 13. 71.28 (3n) (b) of the statutes is renumbered 71.28 (3n) (b) 1.

AB145-ASA1, s. 14 Section 14. 71.28 (3n) (b) 2. of the statutes is created to read:

AB145-ASA1,6,14 71.28 (3n) (b) 2. Subject to the limitations provided in this subsection, for taxable years that begin after December 31, 2004, and before January 1, 2011, a claimant may claim as a credit against the tax imposed under s. 71.23 an amount equal to 10 percent of the amount the claimant paid in the taxable year for livestock farm modernization or expansion related to the operation of the claimant's livestock farm.

AB145-ASA1, s. 15 Section 15. 71.28 (3n) (e) of the statutes is renumbered 71.28 (3n) (e) 1. and amended to read:

AB145-ASA1,6,25 71.28 (3n) (e) 1. Partnerships, limited liability companies, and tax-option corporations may not claim the credit under this subsection, but the eligibility for, and the amount of, the credit are based on their payment of expenses under par. (b), except that the aggregate amount of credits that the entity may compute shall not exceed $50,000. A partnership, limited liability company, or tax-option corporation shall compute the amount of credit that each of its partners, members, or shareholders may claim and shall provide that information to each of them. Partners, members of limited liability companies, and shareholders of tax-option corporations may claim the credit in proportion to their ownership interest.

AB145-ASA1, s. 16 Section 16. 71.28 (3n) (e) 2. of the statutes is created to read:

AB145-ASA1,7,5 71.28 (3n) (e) 2. If 2 or more persons own and operate the dairy or livestock farm, each person may claim a credit under par. (b) in proportion to his or her ownership interest, except that the aggregate amount of the credits claimed by all persons who own and operate the farm shall not exceed $50,000.

AB145-ASA1, s. 17 Section 17. 71.47 (3n) (a) 2. (intro.) of the statutes is amended to read:

AB145-ASA1,7,12 71.47 (3n) (a) 2. (intro.) "Dairy farm modernization or expansion" means the construction, the improvement, or the acquisition of buildings or facilities, or the acquisition of equipment, for dairy animal housing, confinement, animal feeding, milk production, or waste management, including the following, if used exclusively related to dairy animals and if acquired and placed in service in this state during taxable years that begin after December 31, 2003, and before January 1, 2010:

AB145-ASA1, s. 18 Section 18. 71.47 (3n) (a) 4. of the statutes is created to read:

AB145-ASA1,7,16 71.47 (3n) (a) 4. "Livestock" means cattle, not including dairy animals; swine; poultry, not including farm-raised game birds or ratites; fish that are raised in aquaculture facilities; sheep; and goats.

AB145-ASA1, s. 19 Section 19. 71.47 (3n) (a) 5. of the statutes is created to read:

AB145-ASA1,7,23 71.47 (3n) (a) 5. "Livestock farm modernization or expansion" means the construction, the improvement, or the acquisition of buildings or facilities, or the acquisition of equipment, for livestock housing, confinement, feeding, or waste management, including the following, if used exclusively related to livestock and if acquired and placed in service in this state during taxable years that begin after December 31, 2004, and before January 1, 2011:

AB145-ASA1,7,24 a. Birthing structures.

AB145-ASA1,7,25 b. Rearing structures.

AB145-ASA1,8,1 c. Feedlot structures.

AB145-ASA1,8,2 d. Feed storage and handling equipment.

AB145-ASA1,8,3 e. Fences.

AB145-ASA1,8,4 f. Watering facilities.

AB145-ASA1,8,5 g. Scales.

AB145-ASA1,8,6 h. Manure pumping and storage facilities.

AB145-ASA1,8,7 i. Digesters.

AB145-ASA1,8,8 j. Equipment used to produce energy.

AB145-ASA1,8,9 k. Fish hatchery buildings.

AB145-ASA1,8,10 L. Fish processing buildings.

AB145-ASA1,8,11 m. Fish rearing ponds.

AB145-ASA1, s. 20 Section 20. 71.47 (3n) (a) 6. of the statutes is created to read:

AB145-ASA1,8,15 71.47 (3n) (a) 6. a. For taxable years that begin after December 31, 2003, and before January 1, 2005, "used exclusively," related to dairy animals, means used to the exclusion of all other uses except for use not exceeding 5 percent of total use.

AB145-ASA1,8,18 b. For taxable years that begin after December 31, 2004, and before January 1, 2010, "used exclusively," related to livestock, dairy animals, or both, means used to the exclusion of all other uses except for use not exceeding 5 percent of total use.

AB145-ASA1,8,21 c. For taxable years that begin after December 31, 2009, and before January 1, 2011, "used exclusively," related to livestock, means used to the exclusion of all other uses except for use not exceeding 5 percent of total use.

AB145-ASA1, s. 21 Section 21. 71.47 (3n) (b) of the statutes is renumbered 71.47 (3n) (b) 1.

AB145-ASA1, s. 22 Section 22. 71.47 (3n) (b) 2. of the statutes is created to read:

AB145-ASA1,9,4 71.47 (3n) (b) 2. Subject to the limitations provided in this subsection, for taxable years that begin after December 31, 2004, and before January 1, 2011, a claimant may claim as a credit against the tax imposed under s. 71.43 an amount equal to 10 percent of the amount the claimant paid in the taxable year for livestock farm modernization or expansion related to the operation of the claimant's livestock farm.

AB145-ASA1, s. 23 Section 23. 71.47 (3n) (e) of the statutes is renumbered 71.47 (3n) (e) 1. and amended to read:

AB145-ASA1,9,15 71.47 (3n) (e) 1. Partnerships, limited liability companies, and tax-option corporations may not claim the credit under this subsection, but the eligibility for, and the amount of, the credit are based on their payment of expenses under par. (b), except that the aggregate amount of credits that the entity may compute shall not exceed $50,000. A partnership, limited liability company, or tax-option corporation shall compute the amount of credit that each of its partners, members, or shareholders may claim and shall provide that information to each of them. Partners, members of limited liability companies, and shareholders of tax-option corporations may claim the credit in proportion to their ownership interest.

AB145-ASA1, s. 24 Section 24. 71.47 (3n) (e) 2. of the statutes is created to read:

AB145-ASA1,9,20 71.47 (3n) (e) 2. If 2 or more persons own and operate the dairy or livestock farm, each person may claim a credit under par. (b) in proportion to his or her ownership interest, except that the aggregate amount of the credits claimed by all persons who own and operate the farm shall not exceed $50,000.