SB40-ASA1-AA1,266,136
2. 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 amounts under par. (b). A partnership,
9limited liability company, or tax-option corporation shall compute the amount of
10credit that each of its partners, members, or shareholders may claim and shall
11provide 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 interests.
SB40-ASA1-AA1,266,1514
(d)
Administration. Section 71.28 (4) (e) to (h), as it applies to the credit under
15s. 71.28 (4), applies to the credit under this subsection.".
SB40-ASA1-AA1,266,1918
71.47
(3i) Biodiesel fuel production credit. (a)
Definitions. In this
19subsection:
SB40-ASA1-AA1,266,2020
1. "Biodiesel fuel" has the meaning given in s. 168.14 (2m) (a).
SB40-ASA1-AA1,266,2221
2. "Claimant" means a person who is engaged in the business of producing
22biodiesel fuel in this state and who files a claim under this subsection.
SB40-ASA1-AA1,267,523
(b)
Filing claims. Subject to the limitations provided in this subsection, for
24taxable years beginning after December 31, 2007, and before January 1, 2011, for a
1claimant who produces at least 2,500,000 gallons of biodiesel fuel in this state in the
2taxable year, a claimant may claim as a credit against the tax imposed under s. 71.43,
3up to the amount of the tax, an amount that is equal to the number of gallons of
4biodiesel fuel produced by the claimant in this state in the taxable year multiplied
5by 10 cents.
SB40-ASA1-AA1,267,76
(c)
Limitations. 1. The maximum amount of the credit that a claimant may
7claim under this subsection in a taxable year is $1,000,000.
SB40-ASA1-AA1,267,158
2. Partnerships, limited liability companies, and tax-option corporations may
9not claim the credit under this subsection, but the eligibility for, and the amount of,
10the credit are based on their biodiesel fuel production, as described under par. (b).
11A partnership, limited liability company, or tax-option corporation shall compute
12the amount of credit that each of its partners, members, or shareholders may claim
13and shall provide that information to each of them. Partners, members of limited
14liability companies, and shareholders of tax-option corporations may claim the
15credit in proportion to their ownership interests.
SB40-ASA1-AA1,267,1716
(d)
Administration. Section 71.28 (4) (e) to (h) as it applies to the credit under
17s. 71.28 (4), applies to the credit under this subsection.".
SB40-ASA1-AA1,267,22
20"2m. a. The maximum amount of the credits that may be claimed under this
21subsection and ss. 71.07 (3p) and 71.28 (3p) in fiscal year 2007-08 is $600,000, as
22allocated under s. 560.208.
SB40-ASA1-AA1,268,3
1b. The maximum amount of the credits that may be claimed under this
2subsection and ss. 71.07 (3p) and 71.28 (3p) in fiscal year 2008-09, and in each fiscal
3year thereafter, is $700,000, as allocated under s. 560.208.".
SB40-ASA1-AA1,268,11
7"2. If the allowable amount of the claim under par. (b) exceeds the tax otherwise
8due under s. 71.43 or no tax is due under s. 71.43, the amount of the claim not used
9to offset the tax due shall be certified by the department of revenue to the department
10of administration for payment by check, share draft, or other draft drawn from the
11appropriation account under s. 20.835 (2) (bn).".
SB40-ASA1-AA1,268,1414
71.47
(3w) (title)
Enterprise Rural enterprise zone jobs credit.
SB40-ASA1-AA1,268,1816
71.47
(3w) (a) 1. "Base year" means the taxable year beginning during the
17calendar year prior to the calendar year in which the
rural enterprise zone in which
18the claimant is located takes effect.
SB40-ASA1-AA1,268,2120
71.47
(3w) (a) 4. "
Enterprise
Rural enterprise zone" means a zone designated
21under s. 560.799.".
SB40-ASA1-AA1,269,99
71.49
(1) (cn) Biodiesel fuel production credit under s. 71.47 (3i).".
SB40-ASA1-AA1,269,1313
71.49
(1) (dt) Workplace wellness program credit under s. 71.47 (3h).".
SB40-ASA1-AA1,270,220
71.53
(2) (c) The claimant was under
18 65 years of age at the close of the year
21to which the claim relates
, except that this limitation does not apply if the claimant
22was at least 18 years of age at the close of the year to which the claim relates and is
1either married or has a dependent whom he or she claims under section 151 (c) of the
2Internal Revenue Code during the year to which the claim relates.
SB40-ASA1-AA1,270,74
71.53
(2) (d) The claimant was claimed as a dependent for federal income tax
5purposes by another person during the year to which the claim relates but this
6limitation shall not apply if the claimant was
62
65 years of age or older at the close
7of the year to which the claim relates.".
SB40-ASA1-AA1,270,9
9"71.54
(1) (f)
2001 and thereafter to 2007. (intro.) The amount".
SB40-ASA1-AA1,270,1614
71.54
(1) (g)
2008 and thereafter. The amount of any claim filed in 2008 and
15thereafter and based on property taxes accrued or rent constituting property taxes
16accrued during the previous year is limited as follows:
SB40-ASA1-AA1,270,1917
1. If the household income was $8,000 or less in the year to which the claim
18relates, the claim is limited to 80 percent of the property taxes accrued or rent
19constituting property taxes accrued or both in that year on the claimant's homestead.
SB40-ASA1-AA1,270,2420
2. If the household income was more than $8,000 in the year to which the claim
21relates, the claim is limited to 80 percent of the amount by which the property taxes
22accrued or rent constituting property taxes accrued or both in that year on the
23claimant's homestead exceeds 8.146 percent of the household income exceeding
24$8,000.
SB40-ASA1-AA1,271,2
13. No credit may be allowed if the household income of a claimant exceeds
2$25,800.".
SB40-ASA1-AA1,271,7
51551. Page 1022, line 9: delete lines 9 to 11 and substitute "beginning after
6December 31, 2008, the dollar amount for the maximum household income under
7sub. (1) (g) 3. shall be increased each year by a".
SB40-ASA1-AA1,271,12
101554. Page 1022, line 23: delete lines 23 and 24 and substitute "(g) 2. such
11that as a claimant's income increases from the threshold income under sub. (1) (g)
122., to an amount that exceeds the maximum household income".
SB40-ASA1-AA1,272,1515
71.78
(2) Disclosure of net tax. The department shall make available upon
16suitable forms prepared by the department information setting forth the net
17Wisconsin income tax, Wisconsin franchise tax
, or Wisconsin gift tax reported as paid
18or payable in the returns filed by any individual or corporation, and any amount of
19delinquent taxes owed
, as described in s. 73.03 (62), by any such individual or
20corporation, for any individual year upon request.
When making available
21information setting forth the delinquent taxes owed by an individual or corporation,
22the information shall include interest, penalties, fees, and costs, which are unpaid
23for more than 90 days after all appeal rights have expired, except that such
24information may not be provided for any person who has reached an agreement or
1compromise with the department, or the department of justice, under s. 71.92 and
2is in compliance with that agreement, regarding the payment of delinquent taxes,
3or the name of any person who is protected by a stay that is in effect under the Federal
4Bankruptcy Code. Before the request is granted, the person desiring to obtain the
5information shall prove his or her identity and shall be required to sign a statement
6setting forth the person's address and reason for making the request and indicating
7that the person understands the provisions of this section with respect to the
8divulgement, publication or dissemination of information obtained from returns as
9provided in sub. (1). The use of a fictitious name is a violation of this section. Within
1024 hours after any information from any such tax return has been so obtained, the
11department shall mail to the person from whose return the information has been
12obtained a notification which shall give the name and address of the person obtaining
13the information and the reason assigned for requesting the information. The
14department shall collect from the person requesting the information a fee of $4 for
15each return.".
SB40-ASA1-AA1,272,2318
71.83
(1) (ce)
Health savings accounts. For taxable years beginning after
19December 31, 2007, any person who is liable for a penalty for federal income tax
20purposes under section
223 (f) (4) of the Internal Revenue Code is liable for a penalty
21equal to 33 percent of that penalty. The department of revenue shall assess, levy, and
22collect the penalty under this paragraph as it assesses, levies, and collects taxes
23under this chapter.".
SB40-ASA1-AA1,273,3
2"
Section 2142e. Subchapter XVI of chapter 71 [precedes 71.98] of the statutes
3is created to read:
SB40-ASA1-AA1,273,65
subchapter xvi
6
Internal revenue code update
SB40-ASA1-AA1,273,8
771.98 Internal Revenue Code update. The following federal laws, to the
8extent that they apply to the Internal Revenue Code, apply to this chapter:
SB40-ASA1-AA1,273,10
9(1) Health savings accounts. Section
233 of the Internal Revenue Code,
10relating to health savings accounts, subject to the following:
SB40-ASA1-AA1,273,1311
(a) For taxable years beginning after December 31, 2007, and ending before
12January 1, 2009, an individual may claim under this chapter 50 percent of the tax
13benefits of an account that are allowable under federal law.
SB40-ASA1-AA1,273,1614
(b) For taxable years beginning after December 31, 2008, an individual may
15claim under this chapter the tax benefits of an account to the same extent as is
16allowable under federal law.".
SB40-ASA1-AA1,274,235
73.03
(62) To prepare and maintain a list of all persons who owe delinquent
6taxes, including interest, penalties, fees, and costs, to the department, in excess of
7$25,000 $5,000, which are unpaid for more than 90 days after all appeal rights have
8expired
, and; to post the names of persons from this list on the Internet at a site that
9is created and maintained by the department for this purpose
; and to distribute the
10posted information to Internet search engines so the information is searchable. The
11Internet site shall list the name, address, type of tax due, and amount of tax due,
12including interest, penalties, fees, and costs for each person who has one of the
13delinquent taxpayer accounts, and the Internet site shall
also contain a special page
14for the persons who have the 100 largest delinquent taxpayer accounts. Except as
15otherwise provided in this subsection, the department shall update the Internet site
16on a quarterly basis
, and shall send the updates to the Internet search engines. The
17department may not post on the Internet
or distribute to Internet search engines the
18name of any person who has reached an agreement or compromise with the
19department, or the department of justice, under s. 71.92 and is in compliance with
20that agreement, regarding the payment of delinquent taxes, or the name of any
21person who is protected by a stay that is in effect under the Federal Bankruptcy Code;
22the Internet posting
and Internet search engines shall be updated each business day,
23as defined in s. 562.01 (3m), to comply with these prohibitions.".
