SB40-CSA1,895,2319
2. If the allowable amount of the claim under par. (b) exceeds the tax otherwise
20due under s. 71.02 or 71.08 or no tax is due under s. 71.02 or 71.08, the amount of the
21claim not used to offset the tax due shall be certified by the department of revenue
22to the department of administration for payment by check, share draft, or other draft
23drawn from the appropriation account under s. 20.835 (2) (bn).
SB40-CSA1,896,2
171.07
(3w) (a) 5m. "Wages" means wages under section
3306 (b) of the Internal
2Revenue Code, determined without regard to any dollar limitations.
SB40-CSA1,896,84
71.07
(3w) (a) 6. "Zone payroll" means the amount of state payroll that is
5attributable to
compensation wages paid to
individuals full-time employees for
6services that are performed in
a an enterprise zone. "Zone payroll" does not include
7the amount of
compensation wages paid to any
individuals full-time employees that
8exceeds $100,000.
SB40-CSA1, s. 1969
9Section
1969. 71.07 (3w) (b) 1. a. of the statutes is amended to read:
SB40-CSA1,896,1510
71.07
(3w) (b) 1. a. The
claimant's zone payroll in the taxable year, minus the
11claimant's zone payroll number of full-time employees whose annual wages are
12greater than $30,000 and who the claimant employed in the enterprise zone in the
13taxable year, minus the number of full-time employees whose annual wages were
14greater than $30,000 and who the claimant employed in the area that comprises the
15enterprise zone in the base year.
SB40-CSA1, s. 1970
16Section
1970. 71.07 (3w) (b) 1. b. of the statutes is amended to read:
SB40-CSA1,896,2117
71.07
(3w) (b) 1. b. The
claimant's state payroll in the taxable year, minus the
18claimant's state payroll number of full-time employees whose annual wages are
19greater than $30,000 and who the claimant employed in the state in the taxable year,
20minus the number of full-time employees whose annual wages were greater than
21$30,000 and who the claimant employed in the state in the base year.
SB40-CSA1,897,323
71.07
(3w) (b) 2.
Subtract the number of Determine the claimant's average
24zone payroll by dividing total wages for full-time employees
that whose annual
25wages are greater than $30,000 and who the claimant employed in
the area that
1comprises the enterprise zone in the
base
taxable year
from by the number of
2full-time employees
that whose annual wages are greater than $30,000 and who the
3claimant employed in the enterprise zone in the taxable year.
SB40-CSA1,897,65
71.07
(3w) (b) 3.
Multiply Subtract $30,000 from the amount determined under
6subd. 2.
, but not an amount less than zero, by $30,000.
SB40-CSA1,897,98
71.07
(3w) (b) 4.
Subtract Multiply the amount determined under subd. 3.
from 9by the amount determined under subd. 1.
SB40-CSA1, s. 1974
10Section
1974. 71.07 (3w) (bm) (intro.) and 4. of the statutes are consolidated,
11renumbered 71.07 (3w) (bm) and amended to read:
SB40-CSA1,897,2112
71.07
(3w) (bm)
Filing supplemental claims. In addition to the credit under
13par. (b) and subject to the limitations provided in this subsection and s. 560.799, a
14claimant may claim as a credit against the tax imposed under s. 71.02 or 71.08 an
15amount equal to
all of the following: 4. The the amount the claimant paid in the
16taxable year to upgrade or improve the
job-related skills of any of the claimant's
17full-time employees, to train any of the claimant's full-time employees on the use
18of
job-related new technologies, or to
train provide job-related training to any
19full-time employee whose employment with the claimant represents the employee's
20first full-time job. This subdivision does not apply to employees who do not work in
21 a an enterprise zone.
SB40-CSA1,898,224
71.07
(3w) (d)
Administration. Section 71.28 (4) (g) and (h), as it applies to the
25credit under s. 71.28 (4), applies to the credit under this subsection.
Claimants shall
1include with their returns a copy of their certification for tax benefits, and a copy of
2the verification of their expenses, from the department of commerce.
SB40-CSA1,898,94
71.07
(5) (a) 15. The amount claimed as a deduction for medical care insurance
5under section
213 of the Internal Revenue Code that is exempt from taxation under
6s. 71.05 (6) (b) 17. to 20., 35., 36., 37.,
and 38.
, 39., 40., 41., and 42. and the amount
7claimed as a deduction for a long-term care insurance policy under section
213 (d)
8(1) (D) of the Internal Revenue Code, as defined in section
7702B (b) of the Internal
9Revenue Code that is exempt from taxation under s. 71.05 (6) (b) 26.
SB40-CSA1,898,1311
71.07
(5b) (c) 1.
The Except as provided in s. 73.03 (63), the maximum amount
12of the credits that may be claimed under this subsection and ss. 71.28 (5b) and 71.47
13(5b) for all taxable years combined is
$35,000,000
$52,500,000.
SB40-CSA1, s. 1978
14Section
1978. 71.07 (5b) (d) of the statutes is renumbered 71.07 (5b) (d) 1.
SB40-CSA1,898,2116
71.07
(5b) (d) 2. The Wisconsin adjusted basis of any investment for which a
17credit is claimed under par. (b) shall be reduced by the amount of the credit that is
18offset against Wisconsin income taxes. The Wisconsin basis of a partner's interest
19in a partnership, a member's interest in a limited liability company, or stock in a
20tax-option corporation shall be adjusted to reflect adjustments made under this
21subdivision.
SB40-CSA1,898,2523
71.07
(5d) (c) 1.
The Except as provided in s. 73.03 (63), the maximum amount
24of the credits that may be claimed under this subsection for all taxable years
25combined is
$30,000,000 $47,500,000.
SB40-CSA1,899,42
71.07
(5d) (c) 2. The maximum amount of a claimant's investment that may be
3used as the basis for a credit under this subsection is
$500,000 $2,000,000 for each
4investment made directly in a business certified under s. 560.205 (1).
SB40-CSA1,899,86
71.07
(5d) (d) 4. The Wisconsin adjusted basis of any investment for which a
7credit is claimed under par. (b) shall be reduced by the amount of the credit that is
8offset against Wisconsin income taxes.
SB40-CSA1,899,1710
71.07
(5h) (a) 4. "Previously owned property" means real property that the
11claimant or a related person owned during the 2 years prior to doing business in this
12state as a film production company and for which the claimant may not deduct a loss
13from the sale of the property to, or an exchange of the property with, the related
14person under section
267 of the Internal Revenue Code
, except that section 267 of the
15Internal Revenue Code is modified so that if the claimant owns any part of the
16property, rather than 50 percent ownership, the claimant is subject to section 267 of
17the Internal Revenue Code for purposes of this subsection.
SB40-CSA1,899,2319
71.07
(5h) (c) 2. A claimant may claim the credit under par. (b) 2. for an amount
20expended to construct, rehabilitate, remodel, or repair real property, if the claimant
21began the physical work of construction, rehabilitation, remodeling, or repair, or any
22demolition or destruction in preparation for the physical work, after December 31,
232007,
or if and the completed project is placed in service after December 31, 2007.
SB40-CSA1,900,4
171.07
(5h) (c) 3. A claimant may claim the credit under par. (b) 2. for an amount
2expended to acquire real property, if the property is not previously owned property
3and if the claimant acquires the property after December 31, 2007,
or if and the
4completed project is placed in service after December 31, 2007.
SB40-CSA1,900,76
71.07
(5i) Electronic medical records credit. (a)
Definitions. In this
7subsection, "claimant" means a person who files a claim under this subsection.
SB40-CSA1,900,148
(b)
Filing claims. Subject to the limitations provided in this subsection, for
9taxable years beginning after December 31, 2009, a claimant may claim as a credit
10against the taxes imposed under s. 71.02, up to the amount of those taxes, an amount
11equal to 50 percent of the amount the claimant paid in the taxable year for
12information technology hardware or software that is used to maintain medical
13records in electronic form, if the claimant is a health care provider, as defined in s.
14146.81 (1).
SB40-CSA1,900,1715
(c)
Limitations. 1. The maximum amount of the credits that may be claimed
16under this subsection and ss. 71.28 (5i) and 71.47 (5i) in a taxable year is
17$10,000,000, as allocated under s. 560.204.
SB40-CSA1,900,2518
2. Partnerships, limited liability companies, and tax-option corporations may
19not claim the credit under this subsection, but the eligibility for, and the amount of,
20the credit are based on their payment of amounts under par. (b). A partnership,
21limited liability company, or tax-option corporation shall compute the amount of
22credit that each of its partners, members, or shareholders may claim and shall
23provide that information to each of them. Partners, members of limited liability
24companies, and shareholders of tax-option corporations may claim the credit in
25proportion to their ownership interests.
SB40-CSA1,901,2
1(d)
Administration. Section 71.28 (4) (e) to (h), as it applies to the credit under
2s. 71.28 (4), applies to the credit under this subsection.
SB40-CSA1,901,54
71.07
(5j) Ethanol and biodiesel fuel pump credit. (a)
Definitions. In this
5subsection:
SB40-CSA1,901,66
1. "Biodiesel fuel" has the meaning given in s. 168.14 (2m) (a).
SB40-CSA1,901,77
2. "Claimant" means a person who files a claim under this subsection.
SB40-CSA1,901,88
3. "Motor vehicle fuel" has the meaning given in s. 78.005 (13).
SB40-CSA1,901,159
(b)
Filing claims. Subject to the limitations provided in this subsection, for
10taxable years beginning after December 31, 2007, and before January 1, 2018, a
11claimant may claim as a credit against the taxes imposed under s. 71.02, up to the
12amount of the taxes, an amount that is equal to 25 percent of the amount that the
13claimant paid in the taxable year to install or retrofit pumps located in this state that
14dispense motor vehicle fuel consisting of at least 85 percent ethanol or at least 20
15percent biodiesel fuel.
SB40-CSA1,901,1916
(c)
Limitations. 1. The maximum amount of the credit that a claimant may
17claim under this subsection in a taxable year is an amount that is equal to $5,000 for
18each service station for which the claimant has installed or retrofitted pumps as
19described under par. (b).
SB40-CSA1,902,220
2. 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 their payment of amounts under par. (b). A partnership,
23limited liability company, or tax-option corporation shall compute the amount of
24credit that each of its partners, members, or shareholders may claim and shall
25provide that information to each of them. Partners, members of limited liability
1companies, and shareholders of tax-option corporations may claim the credit in
2proportion to their ownership interests.
SB40-CSA1,902,43
(d)
Administration. Section 71.28 (4) (e) to (h), as it applies to the credit under
4s. 71.28 (4), applies to the credit under this subsection.
SB40-CSA1,902,76
71.07
(5k) Community rehabilitation program credit. (a)
Definitions. In this
7subsection:
SB40-CSA1,902,88
1. "Claimant" means a person who files a claim under this subsection.
SB40-CSA1,902,139
2. "Community rehabilitation program" means a nonprofit entity, county,
10municipality, or state or federal agency that directly provides, or facilitates the
11provision of, vocational rehabilitation services to individuals who have disabilities
12to maximize the employment opportunities, including career advancement, of such
13individuals.
SB40-CSA1,902,1514
3. "Vocational rehabilitation services" include education, training,
15employment, counseling, therapy, placement, and case management.
SB40-CSA1,902,1816
4. "Work" includes production, packaging, assembly, food service, custodial
17service, clerical service, and other commercial activities that improve employment
18opportunities for individuals who have disabilities.
SB40-CSA1,902,2419
(b)
Filing claims. Subject to the limitations provided in this subsection, for
20taxable years beginning after July 1, 2009, a claimant may claim as a credit against
21the tax imposed under s. 71.02, up to the amount of those taxes, an amount equal to
225 percent of the amount the claimant paid in the taxable year to a community
23rehabilitation program to perform work for the claimant's business, pursuant to a
24contract.
SB40-CSA1,903,4
1(c)
Limitations. 1. The maximum amount of the credit that any claimant may
2claim under this subsection in a taxable year is $25,000 for each community
3rehabilitation program for which the claimant enters into a contract to have the
4community rehabilitation program perform work for the claimant's business.
SB40-CSA1,903,95
2. No credit may be claimed under this subsection unless the claimant submits
6with the claimant's return a form, as prescribed by the department of revenue, that
7verifies that the claimant has entered into a contract with a community
8rehabilitation program and that the program has received payment from the
9claimant for work provided by the program, consistent with par. (b).
SB40-CSA1,903,1710
3. Partnerships, limited liability companies, and tax-option corporations may
11not claim the credit under this subsection, but the eligibility for, and the amount of,
12the credit are based on their payment of amounts under par. (b). A partnership,
13limited liability company, or tax-option corporation shall compute the amount of
14credit that each of its partners, members, or shareholders may claim and shall
15provide that information to each of them. Partners, members of limited liability
16companies, and shareholders of tax-option corporations may claim the credit in
17proportion to their ownership interests.
SB40-CSA1,903,1918
(d)
Administration. Section 71.28 (4) (e) to (h), as it applies to the credit under
19s. 71.28 (4), applies to the credit under this subsection.
SB40-CSA1,903,2521
71.07
(6e) (a) 2. a. An individual who had served on active duty in the U.S.
22armed forces or in forces incorporated as part of the U.S. armed forces
,; who was a
23resident of this state at the time of entry into that active service
, or who had been a
24resident of this state for any consecutive 5-year period after entry into that active
25duty service; and who, while a resident of this state, died while on active duty.
SB40-CSA1,904,112
71.07
(6e) (a) 2. b. An individual who had served on active duty under
3honorable conditions in the U.S. armed forces or in forces incorporated as part of the
4U.S. armed forces; who was a resident of this state at the time of entry into that active
5service
; who was at least 65 years of age at the time of his or her death or would have
6been 65 years of age at the close of the year in which the death occurred or who had
7been a resident of this state for any consecutive 5-year period after entry into that
8active duty service; who was a resident of this state at the time of his or her death;
9and who had
either a service-connected disability rating of 100 percent under
38
10USC 1114 or
1134 or a 100 percent disability rating based on individual
11unemployability.
SB40-CSA1,904,1813
71.07
(6e) (a) 2. c. An individual who had served in the national guard or a
14reserve component of the U.S. armed forces
,; who was a resident of this state at the
15time of entry into that service
, or who had been a resident of this state for any
16consecutive 5-year period after entry into that service; and who, while a resident of
17this state, died in the line of duty while on active or inactive duty for training
18purposes.
SB40-CSA1, s. 1990sg
19Section 1990sg. 71.07 (6e) (a) 3. (intro.) of the statutes is amended to read:
SB40-CSA1,904,2220
71.07
(6e) (a) 3. (intro.) "Eligible veteran" means an individual
who is at least
2165 years of age and who is verified by the department of veterans affairs as meeting
22all of the following conditions:
SB40-CSA1,905,3
171.07
(6e) (a) 3. b. Was a resident of this state at the time of entry into that
2active service
or had been a resident of this state for any consecutive 5-year period
3after entry into that service.
SB40-CSA1,905,75
71.07
(6e) (a) 3. d. Has
either a service-connected disability rating of 100
6percent under
38 USC 1114 or
1134 or a 100 percent disability rating based on
7individual unemployability.
SB40-CSA1,905,169
71.07
(6e) (a) 3e. "Individual unemployability" means a condition under which
10a veteran has a service-connected disability rating of either 60 percent under
38
11USC 1114 or
1134 or two or more service-connected disability conditions where one
12condition has at least a 40 percent scheduler rating and the combined scheduler
13rating for all conditions is at least 70 percent, and has an administrative adjustment
14added to his or her service-connected disability, due to individual unemployability,
15such that the federal Department of Veterans Affairs rates the veteran 100 percent
16disabled.
SB40-CSA1,906,218
71.08
(1) Imposition. (intro.) If the tax imposed on a natural person, married
19couple filing jointly, trust, or estate under s. 71.02, not considering the credits under
20ss. 71.07 (1), (2dd), (2de), (2di), (2dj), (2dL), (2dr), (2ds), (2dx), (2fd),
(3c), (3e), (3m),
21(3n),
(3p), (3s), (3t), (3w), (5b), (5d), (5e), (6), (6e), and (9e), 71.28 (1dd), (1de), (1di),
22(1dj), (1dL), (1ds), (1dx), (1fd), (2m), (3), (3n), (3t), and (3w), and 71.47 (1dd), (1de),
23(1di), (1dj), (1dL), (1ds), (1dx), (1fd), (2m), (3), (3n), (3t), and (3w), and subchs. VIII
24and IX and payments to other states under s. 71.07 (7), is less than the tax under this
25section, there is imposed on that natural person, married couple filing jointly, trust
1or estate, instead of the tax under s. 71.02, an alternative minimum tax computed
2as follows:
SB40-CSA1,906,44
71.10
(4) (cn) Biodiesel fuel production credit under s. 71.07 (3h).
SB40-CSA1,906,66
71.10
(4) (es) Community rehabilitation program credit under s. 71.07 (5k).
SB40-CSA1,906,88
71.10
(4) (gc)
Ethanol and biodiesel fuel pump credit under s. 71.07 (5j).
SB40-CSA1,906,1010
71.10
(4) (gxx) Electronic medical records credit under s. 71.07 (5i).
