AB145-ASA1, s. 7
22Section
7. 71.07 (3n) (e) of the statutes is renumbered 71.07 (3n) (e) 1. and
23amended to read:
AB145-ASA1,4,724
71.07
(3n) (e) 1. Partnerships, limited liability companies, and tax-option
25corporations may not claim the credit under this subsection, but the eligibility for,
1and the amount of, the credit are based on their payment of expenses under par. (b)
,
2except that the aggregate amount of credits that the entity may compute shall not
3exceed $50,000. A partnership, limited liability company, or tax-option corporation
4shall compute the amount of credit that each of its partners, members, or
5shareholders may claim and shall provide that information to each of them.
6Partners, members of limited liability companies, and shareholders of tax-option
7corporations may claim the credit in proportion to their ownership interest.
AB145-ASA1, s. 8
8Section
8. 71.07 (3n) (e) 2. of the statutes is created to read:
AB145-ASA1,4,129
71.07
(3n) (e) 2. If 2 or more persons own and operate the dairy or livestock
10farm, each person may claim a credit under par. (b) in proportion to his or her
11ownership interest, except that the aggregate amount of the credits claimed by all
12persons who own and operate the farm shall not exceed $50,000.
AB145-ASA1, s. 9
13Section
9. 71.28 (3n) (a) 2. (intro.) of the statutes is amended to read:
AB145-ASA1,4,1914
71.28
(3n) (a) 2. (intro.) "Dairy farm modernization or expansion" means the
15construction, the improvement, or the acquisition of buildings or facilities, or
16acquiring equipment, for dairy animal housing, confinement, animal feeding, milk
17production, or waste management, including the following, if used exclusively
18related to dairy animals
and if acquired and placed in service in this state during
19taxable years that begin after December 31, 2003, and before January 1, 2010:
AB145-ASA1, s. 10
20Section
10. 71.28 (3n) (a) 4. of the statutes is created to read:
AB145-ASA1,4,2321
71.28
(3n) (a) 4. "Livestock" means cattle, not including dairy animals; swine;
22poultry, not including farm-raised game birds or ratites; fish that are raised in
23aquaculture facilities; sheep; and goats.
AB145-ASA1, s. 11
24Section
11. 71.28 (3n) (a) 5. of the statutes is created to read:
AB145-ASA1,5,6
171.28
(3n) (a) 5. "Livestock farm modernization or expansion" means the
2construction, the improvement, or the acquisition of buildings or facilities, or the
3acquisition of equipment, for livestock housing, confinement, feeding, or waste
4management, including the following, if used exclusively related to livestock and if
5acquired and placed in service in this state during taxable years that begin after
6December 31, 2004, and before January 1, 2011:
AB145-ASA1,5,77
a. Birthing structures.
AB145-ASA1,5,88
b. Rearing structures.
AB145-ASA1,5,99
c. Feedlot structures.
AB145-ASA1,5,1010
d. Feed storage and handling equipment.
AB145-ASA1,5,1212
f. Watering facilities.
AB145-ASA1,5,1414
h. Manure pumping and storage facilities.
AB145-ASA1,5,1515
i. Digesters.
AB145-ASA1,5,1616
j. Equipment used to produce energy.
AB145-ASA1,5,1717
k. Fish hatchery buildings.
AB145-ASA1,5,1818
L. Fish processing buildings.
AB145-ASA1,5,1919
m. Fish rearing ponds.
AB145-ASA1, s. 12
20Section
12. 71.28 (3n) (a) 6. of the statutes is created to read:
AB145-ASA1,5,2321
71.28
(3n) (a) 6. a. For taxable years that begin after December 31, 2003, and
22before January 1, 2005, "used exclusively," related to dairy animals, means used to
23the exclusion of all other uses except for use not exceeding 5 percent of total use.
AB145-ASA1,6,3
1b. For taxable years that begin after December 31, 2004, and before January
21, 2010, "used exclusively," related to livestock, dairy animals, or both, means used
3to the exclusion of all other uses except for use not exceeding 5 percent of total use.
AB145-ASA1,6,64
c. For taxable years that begin after December 31, 2009, and before January
51, 2011, "used exclusively," related to livestock, means used to the exclusion of all
6other uses except for use not exceeding 5 percent of total use.
AB145-ASA1, s. 13
7Section
13. 71.28 (3n) (b) of the statutes is renumbered 71.28 (3n) (b) 1.
AB145-ASA1,6,149
71.28
(3n) (b) 2. Subject to the limitations provided in this subsection, for
10taxable years that begin after December 31, 2004, and before January 1, 2011, a
11claimant may claim as a credit against the tax imposed under s. 71.23 an amount
12equal to 10 percent of the amount the claimant paid in the taxable year for livestock
13farm modernization or expansion related to the operation of the claimant's livestock
14farm.
AB145-ASA1, s. 15
15Section
15. 71.28 (3n) (e) of the statutes is renumbered 71.28 (3n) (e) 1. and
16amended to read:
AB145-ASA1,6,2517
71.28
(3n) (e) 1. Partnerships, limited liability companies, and tax-option
18corporations may not claim the credit under this subsection, but the eligibility for,
19and the amount of, the credit are based on their payment of expenses under par. (b)
,
20except that the aggregate amount of credits that the entity may compute shall not
21exceed $50,000. A partnership, limited liability company, or tax-option corporation
22shall compute the amount of credit that each of its partners, members, or
23shareholders may claim and shall provide that information to each of them.
24Partners, members of limited liability companies, and shareholders of tax-option
25corporations may claim the credit in proportion to their ownership interest.
AB145-ASA1,7,52
71.28
(3n) (e) 2. If 2 or more persons own and operate the dairy or livestock
3farm, each person may claim a credit under par. (b) in proportion to his or her
4ownership interest, except that the aggregate amount of the credits claimed by all
5persons who own and operate the farm shall not exceed $50,000.
AB145-ASA1, s. 17
6Section
17. 71.47 (3n) (a) 2. (intro.) of the statutes is amended to read:
AB145-ASA1,7,127
71.47
(3n) (a) 2. (intro.) "Dairy farm modernization or expansion" means the
8construction, the improvement, or the acquisition of buildings or facilities, or the
9acquisition of equipment, for dairy animal housing, confinement, animal feeding,
10milk production, or waste management, including the following, if used exclusively
11related to dairy animals
and if acquired and placed in service in this state during
12taxable years that begin after December 31, 2003, and before January 1, 2010:
AB145-ASA1, s. 18
13Section
18. 71.47 (3n) (a) 4. of the statutes is created to read:
AB145-ASA1,7,1614
71.47
(3n) (a) 4. "Livestock" means cattle, not including dairy animals; swine;
15poultry, not including farm-raised game birds or ratites; fish that are raised in
16aquaculture facilities; sheep; and goats.
AB145-ASA1, s. 19
17Section
19. 71.47 (3n) (a) 5. of the statutes is created to read:
AB145-ASA1,7,2318
71.47
(3n) (a) 5. "Livestock farm modernization or expansion" means the
19construction, the improvement, or the acquisition of buildings or facilities, or the
20acquisition of equipment, for livestock housing, confinement, feeding, or waste
21management, including the following, if used exclusively related to livestock and if
22acquired and placed in service in this state during taxable years that begin after
23December 31, 2004, and before January 1, 2011:
AB145-ASA1,7,2424
a. Birthing structures.
AB145-ASA1,7,2525
b. Rearing structures.
AB145-ASA1,8,1
1c. Feedlot structures.
AB145-ASA1,8,22
d. Feed storage and handling equipment.
AB145-ASA1,8,44
f. Watering facilities.
AB145-ASA1,8,66
h. Manure pumping and storage facilities.
AB145-ASA1,8,77
i. Digesters.
AB145-ASA1,8,88
j. Equipment used to produce energy.
AB145-ASA1,8,99
k. Fish hatchery buildings.
AB145-ASA1,8,1010
L. Fish processing buildings.
AB145-ASA1,8,1111
m. Fish rearing ponds.
AB145-ASA1, s. 20
12Section
20. 71.47 (3n) (a) 6. of the statutes is created to read:
AB145-ASA1,8,1513
71.47
(3n) (a) 6. a. For taxable years that begin after December 31, 2003, and
14before January 1, 2005, "used exclusively," related to dairy animals, means used to
15the exclusion of all other uses except for use not exceeding 5 percent of total use.
AB145-ASA1,8,1816
b. For taxable years that begin after December 31, 2004, and before January
171, 2010, "used exclusively," related to livestock, dairy animals, or both, means used
18to the exclusion of all other uses except for use not exceeding 5 percent of total use.
AB145-ASA1,8,2119
c. For taxable years that begin after December 31, 2009, and before January
201, 2011, "used exclusively," related to livestock, means used to the exclusion of all
21other uses except for use not exceeding 5 percent of total use.
AB145-ASA1, s. 21
22Section
21. 71.47 (3n) (b) of the statutes is renumbered 71.47 (3n) (b) 1.
AB145-ASA1, s. 22
23Section
22. 71.47 (3n) (b) 2. of the statutes is created to read:
AB145-ASA1,9,424
71.47
(3n) (b) 2. Subject to the limitations provided in this subsection, for
25taxable years that begin after December 31, 2004, and before January 1, 2011, a
1claimant may claim as a credit against the tax imposed under s. 71.43 an amount
2equal to 10 percent of the amount the claimant paid in the taxable year for livestock
3farm modernization or expansion related to the operation of the claimant's livestock
4farm.
AB145-ASA1, s. 23
5Section
23. 71.47 (3n) (e) of the statutes is renumbered 71.47 (3n) (e) 1. and
6amended to read:
AB145-ASA1,9,157
71.47
(3n) (e) 1. Partnerships, limited liability companies, and tax-option
8corporations may not claim the credit under this subsection, but the eligibility for,
9and the amount of, the credit are based on their payment of expenses under par. (b)
,
10except that the aggregate amount of credits that the entity may compute shall not
11exceed $50,000. A partnership, limited liability company, or tax-option corporation
12shall compute the amount of credit that each of its partners, members, or
13shareholders may claim and shall provide that information to each of them.
14Partners, members of limited liability companies, and shareholders of tax-option
15corporations may claim the credit in proportion to their ownership interest.
AB145-ASA1, s. 24
16Section
24. 71.47 (3n) (e) 2. of the statutes is created to read:
AB145-ASA1,9,2017
71.47
(3n) (e) 2. If 2 or more persons own and operate the dairy or livestock
18farm, each person may claim a credit under par. (b) in proportion to his or her
19ownership interest, except that the aggregate amount of the credits claimed by all
20persons who own and operate the farm shall not exceed $50,000.