AB75-SSA1-CA1,93,222
66.1103
(2) (k) 20. A shopping center, or an office building, convention or trade
23center, hotel, motel or other nonresidential facility, which is located in or adjacent to
24a blighted area as defined by s. 66.1105 (2)
(a)
(ae), 66.1331 (3) (a) or 66.1333 (2m)
1(b) or in accordance with a redevelopment plan or urban renewal plan adopted under
2s. 66.1331 (5) or 66.1333 (6).
AB75-SSA1-CA1,93,65
66.1105
(2) (ab) "Affordable housing" means housing that costs a household no
6more than 30 percent of the household's gross monthly income.
AB75-SSA1-CA1,93,98
66.1105
(2) (bq) "Household" means an individual and his or her spouse and all
9minor dependents.".
AB75-SSA1-CA1,94,812
66.1105
(6) (c) Except for tax increments allocated under par. (d), (dm), (e),
or 13(f)
, or (g) all tax increments received with respect to a tax incremental district shall,
14upon receipt by the city treasurer, be deposited into a special fund for that district.
15The city treasurer may deposit additional moneys into such fund pursuant to an
16appropriation by the common council. No moneys may be paid out of such fund
17except to pay project costs with respect to that district, to reimburse the city for such
18payments, to pay project costs of a district under par. (d), (dm), (e),
or (f)
, or (g) or to
19satisfy claims of holders of bonds or notes issued with respect to such district. Subject
20to par. (d), (dm), (e),
or (f),
or (g), moneys paid out of the fund to pay project costs with
21respect to a district may be paid out before or after the district is terminated under
22sub. (7). Subject to any agreement with bondholders, moneys in the fund may be
23temporarily invested in the same manner as other city funds if any investment
24earnings are applied to reduce project costs. After all project costs and all bonds and
1notes with respect to the district have been paid or the payment thereof provided for,
2subject to any agreement with bondholders, if there remain in the fund any moneys
3that are not allocated under par. (d), (dm), (e),
or (f),
or (g), they shall be paid over to
4the treasurer of each county, school district or other tax levying municipality or to
5the general fund of the city in the amounts that belong to each respectively, having
6due regard for that portion of the moneys, if any, that represents tax increments not
7allocated to the city and that portion, if any, that represents voluntary deposits of the
8city into the fund.
AB75-SSA1-CA1,94,1310
66.1105
(6) (g) 1. After the date on which a tax incremental district created by
11a city pays off the aggregate of all of its project costs, and notwithstanding the time
12at which such a district would otherwise be required to terminate under sub. (7), a
13city may extend the life of the district for one year if the city does all of the following:
AB75-SSA1-CA1,94,1614
a. The city adopts a resolution extending the life of the district for a specified
15number of months. The resolution shall specify how the city intends to improve its
16housing stock, as required in subd. 3.
AB75-SSA1-CA1,94,1917
b. The city forwards a copy of the resolution to the department of revenue,
18notifying the department that it must continue to authorize the allocation of tax
19increments to the district under par. (a).
AB75-SSA1-CA1,94,2520
2. If the department of revenue receives a notice described under subd. 1. b.,
21it shall continue authorizing the allocation of tax increments to the district under
22par. (a) during the district's life, as extended by the city, as if the district's costs had
23not been paid off and without regard to whether any of the time periods specified in
24par. (a) 2. to 8. would otherwise require terminating the allocation of such
25increments.
AB75-SSA1-CA1,95,4
13. If a city receives tax increments as described in subd. 2., the city shall use
2at least 75 percent of the increments received to benefit affordable housing in the city.
3The remaining portion of the increments shall be used by the city to improve the city's
4housing stock.".
AB75-SSA1-CA1,95,1110
70.11
(3m) Student housing facilities. (a) All real and personal property of
11a housing facility for which all of the following applies:
AB75-SSA1-CA1,95,1212
1. The facility is owned by a nonprofit organization.
AB75-SSA1-CA1,95,1513
2. At least 90 percent of the facility's residents are students enrolled at the
14University of Wisconsin-Madison and the facility houses no more than 300 such
15students.
AB75-SSA1-CA1,95,1816
3. The facility offers support services and outreach programs to its residents,
17the public or private institution of higher education at which the student residents
18are enrolled, and the public.
AB75-SSA1-CA1,95,2019
(b) If a nonprofit organization owns more than one housing facility, as described
20under par. (a), the exemption applies to only one facility, at one location.
AB75-SSA1-CA1,95,2221
(c) Leasing a part of the property described in this subsection does not render
22it taxable if the lessor uses the leasehold income only for the following:
AB75-SSA1-CA1,95,2323
1. Maintenance of the leased property.
AB75-SSA1-CA1,95,2424
2. Construction debt retirement of the leased property.
AB75-SSA1-CA1,96,2
13. The purposes for which the exemption under section
501 (c) (3) of the Internal
2Revenue Code is granted to the nonprofit organization that owns the facility.".
AB75-SSA1-CA1,97,149
71.05
(6) (b) 32. (intro.) An amount paid into a college savings account, as
10described in s. 14.64, if the beneficiary of the account is one of the following: the
11claimant; the claimant's child
and the claimant's dependent who is claimed under
12section 151 (c) of the Internal Revenue Code; the claimant's grandchild; the
13claimant's great-grandchild; or the claimant's niece or nephew; calculated as
14follows:
AB75-SSA1-CA1,98,416
71.05
(6) (b) 32. a. An amount equal to not more than $3,000 per beneficiary
, 17by each contributor
, or $1,500 by each contributor who is married and files
18separately, to an account for each year to which the claim relates, except that the total
19amount for which a deduction may be claimed under this subdivision and under
20subd. 33., per beneficiary by any claimant may not exceed $3,000 each year
, or $1,500
21each year by any claimant who is married and files separately. In the case of a
22married couple
filing a joint return, the total deduction under this subdivision and
23under subd. 33., per beneficiary by the married couple may not exceed $3,000 each
24year.
In the case of divorced parents, the total deduction under this subdivision and
1under subd. 33., per beneficiary by the formerly married couple, may not exceed
2$3,000, and the maximum amount that may be deducted by each former spouse is
3$1,500, unless the divorce judgment specifies a different division of the $3,000
4maximum that may be claimed by each former spouse.
AB75-SSA1-CA1,98,116
71.05
(6) (b) 33. (intro.) An amount paid into a college tuition and expenses
7program, as described in s. 14.63, if the beneficiary of the account is one of the
8following: the claimant; the claimant's child
and the claimant's dependent who is
9claimed under section 151 (c) of the Internal Revenue Code; the claimant's
10grandchild; the claimant's great-grandchild; or the claimant's niece or nephew;
11calculated as follows:
AB75-SSA1-CA1,98,2513
71.05
(6) (b) 33. a. An amount equal to not more than $3,000 per beneficiary
, 14by each contributor
, or $1,500 by each contributor who is married and files
15separately, to an account for each year to which the claim relates, except that the total
16amount for which a deduction may be claimed under this subdivision and under
17subd. 32., per beneficiary by any claimant may not exceed $3,000 each year
, or $1,500
18each year by any claimant who is married and files separately. In the case of a
19married couple
filing a joint return, the total deduction under this subdivision and
20under subd. 32., per beneficiary by the married couple may not exceed $3,000 each
21year.
In the case of divorced parents, the total deduction under this subdivision and
22under subd. 32., per beneficiary by the formerly married couple, may not exceed
23$3,000, and the maximum amount that may be deducted by each former spouse is
24$1,500, unless the divorce judgment specifies a different division of the $3,000
25maximum that may be claimed by each former spouse.".
AB75-SSA1-CA1,99,2
2"
Section 1543b. 71.05 (6) (b) 9m. of the statutes is created to read:
AB75-SSA1-CA1,99,133
71.05
(6) (b) 9m. On farm assets held more than one year and on all farm assets
4acquired from a decedent, to the extent that they are not subtracted under subd. 9.
5or 10., 60 percent of the capital gain as computed under the Internal Revenue Code,
6not including capital gains for which the federal tax treatment is determined under
7section 406 of P.L. 99-514; not including amounts treated as ordinary income for
8federal income tax purposes because of the recapture of depreciation or any other
9reason; and not including amounts treated as capital gain for federal income tax
10purposes from the sale or exchange of a lottery prize. In this subdivision, "farm
11assets" means livestock, farm equipment, farm real property, and farm depreciable
12property. For purposes of this subdivision, the capital gains and capital losses for all
13assets shall be netted before application of the percentage.".
AB75-SSA1-CA1,99,2216
71.07
(3h) (b)
Filing claims. Subject to the limitations provided in this
17subsection, for taxable years beginning after December 31,
2009 2011, and before
18January 1,
2013 2015, for a claimant who produces at least 2,500,000 gallons of
19biodiesel fuel in this state in the taxable year, a claimant may claim as a credit
20against the tax imposed under s. 71.02, up to the amount of the tax, an amount that
21is equal to the number of gallons of biodiesel fuel produced by the claimant in this
22state in the taxable year multiplied by 10 cents.".
AB75-SSA1-CA1,100,4
2"3. The maximum amount of credits that may be awarded under this subsection
3and ss. 71.28 (3q) and 71.47 (3q) for the period beginning on January 1, 2010, and
4ending on June 30, 2013, is $14,500,000.".
AB75-SSA1-CA1,100,9
6446. Page 783, line 2: after "(bb)" insert ", except that the amounts certified
7under this subdivision for taxable years beginning after December 31, 2009, and
8before January 1, 2012, shall be paid in taxable years beginning after December 31,
92011".
AB75-SSA1-CA1,100,2213
71.07
(3w) (bm) 1. In addition to the credits under par. (b) and
subd. subds. 2.
14and 3., and subject to the limitations provided in this subsection and s. 560.799, a
15claimant may claim as a credit against the tax imposed under s. 71.02 or 71.08 an
16amount equal to a percentage, as determined by the department of commerce, not
17to exceed 100 percent, of the amount the claimant paid in the taxable year to upgrade
18or improve the job-related skills of any of the claimant's full-time employees, to train
19any of the claimant's full-time employees on the use of job-related new technologies,
20or to provide job-related training to any full-time employee whose employment with
21the claimant represents the employee's first full-time job. This subdivision does not
22apply to employees who do not work in an enterprise zone.
AB75-SSA1-CA1,101,13
171.07
(3w) (bm) 2. In addition to the credits under par. (b) and
subd. subds. 1.
2and 3., and subject to the limitations provided in this subsection and s. 560.799, a
3claimant may claim as a credit against the tax imposed under s. 71.02 or 71.08 an
4amount equal to the percentage, as determined by the department of commerce
5under s. 560.799, not to exceed 7 percent, of the claimant's zone payroll paid in the
6taxable year to all of the claimant's full-time employees whose annual wages are
7greater than $20,000 in a tier I county or municipality, not including the wages paid
8to the employees determined under par. (b) 1., or greater than $30,000 in a tier II
9county or municipality, not including the wages paid to the employees determined
10under par. (b) 1., and who the claimant employed in the enterprise zone in the taxable
11year, if the total number of such employees is equal to or greater than the total
12number of such employees in the base year. A claimant may claim a credit under this
13subdivision for no more than 5 consecutive taxable years.
AB75-SSA1-CA1,101,2015
71.07
(3w) (bm) 3. In addition to the credits under par. (b) and subds. 1. and
162., and subject to the limitations provided in this subsection and s. 560.799, for
17taxable years beginning after December 31, 2008, a claimant may claim as a credit
18against the tax imposed under s. 71.02 or 71.08 up to 10 percent of the claimant's
19significant capital expenditures, as determined by the department of commerce
20under s. 560.799 (5m).
AB75-SSA1-CA1,101,2422
71.07
(3w) (c) 3. No credit may be allowed under this subsection unless the
23claimant includes with the claimant's return a copy of the claimant's certification for
24tax benefits under s. 560.799 (5)
or (5m).".
AB75-SSA1-CA1,102,63
71.07
(9e) (g) 1. If an individual claims the credit under this subsection and
4claims the federal advance earned income tax credit, the individual may request that
5his or her employer add to his or her paycheck an advance payment amount
6calculated under subd. 2.
AB75-SSA1-CA1,102,127
2. The advance payment amount that an individual's employer shall add to the
8individual's paycheck, as described in subd. 1., shall be equal to a percentage of the
9amount that the individual's employer adds to the individual's paycheck as an
10advance earned income tax credit payment under federal law. The percentage shall
11be the same percentage as is specified in par. (af), based on the number of qualifying
12children that the individual has.
AB75-SSA1-CA1,102,1613
3. An employer may deduct from the aggregate amount that the employer
14would otherwise be required to withhold from employee wages and forward to the
15department, under ss. 71.64 and 71.65, the total amount of any advance payments
16the employer makes under subd. 2.
AB75-SSA1-CA1,102,2017
4. The department shall prepare any forms and instructions that may be
18necessary to facilitate the addition of the advance payment amount calculated under
19subd. 2. to an individual's paycheck and any changes to the withholding procedures
20as described under subd. 3.".
