SB409-SSA1,5,95 20.143 (1) (io) Grant and loan repayments; forward innovation fund. All
6moneys received in repayment of grants or loans under subch. II of ch. 560, grants
7or loans under s. 560.82 (1m) (b) and (c), 2007 stats., and loans under 1997 Wisconsin
8Act 9
, section 3, to be used for grants and loans under s. 560.276 and under subch.
9II of ch. 560.
SB409-SSA1, s. 9 10Section 9. 20.143 (1) (ir) of the statutes, as affected by 2009 Wisconsin Act 28,
11is amended to read:
SB409-SSA1,5,1512 20.143 (1) (ir) Rural economic development loan repayments. All moneys
13received in repayment of loans under s. 560.17, to be used for grants and loans under
14ss. 560.17 and 560.45, for grants under 2009 Wisconsin Act .... (this act), section 45
15(1),
and for the study under 2009 Wisconsin Act 28, section 9110 (15u).
SB409-SSA1, s. 10 16Section 10. 20.143 (1) (kj) of the statutes, as affected by 2009 Wisconsin Act
1728
, is amended to read:
SB409-SSA1,6,218 20.143 (1) (kj) Gaming economic development and diversification; grants and
19loans.
Biennially, the amounts in the schedule for grants and loans under s. ss.
20560.138 and 560.276, for the grants under s. 560.139 (1) (a), and for the grants under
212001 Wisconsin Act 16, section 9110 (2k), (11pk), and (11zx), and 2009 Wisconsin Act
2228
, section 9110 (16i). All moneys transferred from the appropriation account under
23s. 20.505 (8) (hm) 6j. shall be credited to this appropriation account.
24Notwithstanding s. 20.001 (3) (b), the unencumbered balance on June 30 of each

1odd-numbered year shall revert to the appropriation account under s. 20.505 (8)
2(hm).
SB409-SSA1, s. 11 3Section 11. 20.285 (1) (cd) of the statutes is created to read:
SB409-SSA1,6,64 20.285 (1) (cd) WiSys Technology Foundation grants. A sum sufficient not to
5exceed $2,000,000 for grants to the WiSys Technology Foundation, Inc., under s.
636.25 (52) (b).
SB409-SSA1, s. 12 7Section 12. 20.285 (1) (eb) of the statutes is created to read:
SB409-SSA1,6,98 20.285 (1) (eb) Business plan competition. The amounts in the schedule to
9support a business plan competition program under s. 36.25 (53).
SB409-SSA1, s. 13 10Section 13. 20.285 (1) (eg) of the statutes is created to read:
SB409-SSA1,6,1311 20.285 (1) (eg) Emerging technology center. Biennially, the amounts in the
12schedule to develop a business plan for an emerging technology center under s. 36.25
13(54).
SB409-SSA1, s. 14 14Section 14. 20.285 (1) (eg) of the statutes, as created by 2009 Wisconsin Act
15.... (this act), is repealed.
SB409-SSA1, s. 15 16Section 15. 20.437 (2) (fr) of the statutes is created to read:
SB409-SSA1,6,1817 20.437 (2) (fr) Skills enhancement grants. The amounts in the schedule to
18provide skills enhancement grants under s. 49.265 (4) (cm).
SB409-SSA1, s. 16 19Section 16. 36.25 (52) of the statutes is created to read:
SB409-SSA1,6,2120 36.25 (52) WiSys Technology Foundation grants. (a) In this subsection,
21"foundation" means the WiSys Technology Foundation, Inc.
SB409-SSA1,7,922 (b) From the appropriation under s. 20.285 (1) (cd), the board shall award
23grants to the foundation for the Wisconsin Small Company Advancement program
24to provide intellectual property management services to the extension and all
25institutions and college campuses other than the University of Wisconsin-Madison

1and the University of Wisconsin-Milwaukee and for the administrative costs of the
2program. The amount of each grant shall be $250,000. The foundation may use no
3more than $75,000 of the amount appropriated under s. 20.285 (1) (cd) for the
4administrative costs of the program. The board may not award a grant unless the
5foundation shows to the satisfaction of the board that the foundation has secured,
6after January 1, 2010, matching funds for the program from sources other than the
7state that are equal to the amount of the grant, except that the amounts used for
8administrative costs of the program are exempt from the matching requirement.
9In-kind contributions may be applied to meet the matching requirement.
SB409-SSA1,7,1310 (c) The board shall submit progress reports on the use of grants under par. (b)
11to the joint committee on finance and the chief clerk of each house of the legislature
12for distribution to the appropriate standing committees under s. 13.172 (3), at least
13annually until the program funded by the grants under par. (b) is terminated.
SB409-SSA1, s. 17 14Section 17. 36.25 (53) of the statutes is created to read:
SB409-SSA1,7,2215 36.25 (53) Business plan competition. The board shall use the moneys
16appropriated under s. 20.285 (1) (eb) to support a business plan competition program
17existing on the effective date of this subsection .... [LRB inserts date], at institutions
18and college campuses other than the University of Wisconsin-Madison that makes
19entrepreneurial expertise available to students and that has ties to campus-based
20business plan contests and national organizations that foster student
21entrepreneurism. The board may use the moneys only if the board receives matching
22funds for the same purpose from private contributions.
SB409-SSA1, s. 18 23Section 18. 36.25 (54) of the statutes is created to read:
SB409-SSA1,8,324 36.25 (54) Emerging technology center. The board shall use the moneys
25appropriated under s. 20.285 (1) (eg) to develop an emerging technology center at the

1University of Wisconsin-La Crosse. The board may use the moneys only if the board
2receives matching funds for the same purpose from sources other than the state.
3In-kind contributions may be applied to meet the matching requirement.
SB409-SSA1, s. 19 4Section 19. 36.25 (54) of the statutes, as created by 2009 Wisconsin Act .... (this
5act), is repealed.
SB409-SSA1, s. 20 6Section 20. 38.41 (3) (d) of the statutes, as created by 2009 Wisconsin Act 2,
7is amended to read:
SB409-SSA1,8,118 38.41 (3) (d) Beginning in the 2008-09 school year, the board shall award at
9least $1,000,000 annually under sub. (1) for training in advanced manufacturing
10skills, with priority given to welding and beginning in the 2010-11 school year, the
11board shall award at least $2,000,000 annually under sub. (1) for such training
.
SB409-SSA1, s. 21 12Section 21. 49.265 (3) (b) 11. of the statutes is created to read:
SB409-SSA1,8,1713 49.265 (3) (b) 11. Provide, to individuals who work at least 20 hours per week
14and whose earned income is at or below 150 percent of the poverty line, a program
15of skills enhancement that shall include access to transportation, child care, career
16counseling, job placement assistance, and financial support for education and
17training.
SB409-SSA1, s. 22 18Section 22. 49.265 (4) (cm) of the statutes is created to read:
SB409-SSA1,8,2119 49.265 (4) (cm) From the appropriation under s. 20.437 (2) (fr), the department
20of children and families shall distribute grants to community action agencies to
21provide the skills enhancement services specified under sub. (3) (b) 11.
SB409-SSA1, s. 23 22Section 23. 71.05 (6) (a) 15. of the statutes, as affected by 2009 Wisconsin Act
2328
, is amended to read:
SB409-SSA1,9,424 71.05 (6) (a) 15. The amount of the credits computed under s. 71.07 (2dd), (2de),
25(2di), (2dj), (2dL), (2dm), (2dr), (2ds), (2dx), (2dy), (3g), (3h), (3n), (3p), (3q), (3r), (3s),

1(3t), (3w), (5e), (5f), (5h), (5i), (5j), (5k), (5r), and (8r) and not passed through by a
2partnership, limited liability company, or tax-option corporation that has added that
3amount to the partnership's, company's, or tax-option corporation's income under s.
471.21 (4) or 71.34 (1k) (g).
SB409-SSA1, s. 24 5Section 24. 71.07 (5d) (c) 4. of the statutes is created to read:
SB409-SSA1,9,106 71.07 (5d) (c) 4. A claimant may claim the credit under this subsection for an
7investment that was made in a business that was located outside of this state if the
8investment was made no more than 60 days before the business relocated to this
9state and the business was certified as a qualified new business venture no later than
10180 days after relocating to this state.
SB409-SSA1, s. 25 11Section 25. 71.07 (5r) of the statutes is created to read:
SB409-SSA1,9,1312 71.07 (5r) Postsecondary education credit. (a) Definitions. In this
13subsection:
SB409-SSA1,9,1614 1. "Claimant" means a sole proprietor, a partner, a member of a limited liability
15company, or a shareholder of a tax-option corporation who files a claim under this
16subsection.
SB409-SSA1,9,1717 2. "Course of instruction" has the meaning given in s. 38.50 (1) (c).
SB409-SSA1,9,1818 3. "Family member" has the meaning given in s. 157.061 (7).
SB409-SSA1,9,2119 4. "Managing employee" means an individual who wholly or partially exercises
20operational or managerial control over, or who directly or indirectly conducts, the
21operation of the claimant's business.
SB409-SSA1,9,2322 5. "Paid or incurred" includes any amount paid by the claimant to reimburse
23an individual for the tuition that the individual paid or incurred.
SB409-SSA1,9,2424 6. "Qualified postsecondary institution" means all of the following:
SB409-SSA1,9,25
1a. A University of Wisconsin System institution, a technical college system
2institution, or a regionally accredited 4-year nonprofit college or university having
3its regional headquarters and principal place of business in this state.
SB409-SSA1,10,54 b. A school approved under s. 38.50, if the delivery of education occurs in this
5state.
SB409-SSA1,10,86 (b) Filing claims. Subject to the limitations provided in this subsection, a
7claimant may claim as a credit against the tax imposed under s. 71.02 an amount
8equal to the following:
SB409-SSA1,10,129 1. Twenty-five percent of the tuition that the claimant paid or incurred for an
10individual to participate in an education program of a qualified postsecondary
11institution, if the individual was enrolled in a course of instruction and eligible for
12a grant from the Federal Pell Grant Program.
SB409-SSA1,10,1813 2. Thirty percent of the tuition that the claimant paid or incurred for an
14individual to participate in an education program of a qualified postsecondary
15institution, if the individual was enrolled in a course of instruction that relates to a
16projected worker shortage in this state, as determined by the local workforce
17development boards established under 29 USC 2832, and if the individual was
18eligible for a grant from the Federal Pell Grant Program.
SB409-SSA1,10,2119 (c) Limitations. 1. No credit may be allowed under par. (b) unless the claimant
20certifies to the department of revenue that the claimant will not be reimbursed for
21any amount of tuition for which the claimant claims a credit under par. (b).
SB409-SSA1,10,2422 2. A claimant may not claim the credit under par. (b) for any tuition amounts
23that the individual described under par. (b) excluded under s. 71.05 (6) (b) 28. or
24under section 127 of the Internal Revenue Code.
SB409-SSA1,11,3
13. A claimant may not claim the credit under par. (b) for any tuition amounts
2that the claimant paid or incurred for a family member of the claimant or for a family
3member of a managing employee unless all of the following apply:
SB409-SSA1,11,74 a. The family member was employed an average of at least 20 hours per week
5as an employee of the claimant, or the claimant's business, during the one-year
6period prior to commencing participation in the education program in connection
7with which the claimant claims a credit under par. (b).
SB409-SSA1,11,98 b. The family member is enrolled in a course of instruction that is substantially
9related to the claimant's business.
SB409-SSA1,11,1110 3m. A claimant may not claim the credit under par. (b) for any tuition amounts
11that the claimant paid or incurred for an individual who is not a resident of this state.
SB409-SSA1,11,1512 4. The claimant shall claim the credit for the taxable year in which the
13individual graduates from a course of instruction in an amount equal to the total
14amount the claimant paid or incurred under par. (b) for all taxable years in which
15the claimant paid or incurred such amounts related to that individual.
SB409-SSA1,11,2316 5. Partnerships, limited liability companies, and tax-option corporations may
17not claim the credit under this subsection, but the eligibility for, and the amount of,
18the credit are based on their payment of tuition under par. (b). A partnership, limited
19liability company, or tax-option corporation shall compute the amount of credit that
20each of its partners, members, or shareholders may claim and shall provide that
21information to each of them. Partners, members of limited liability companies, and
22shareholders of tax-option corporations may claim the credit in proportion to their
23ownership interest.
SB409-SSA1,11,2524 (d) Administration. Section 71.28 (4) (e) to (h), as it applies to the credit under
25s. 71.28 (4), applies to the credit under this subsection.
SB409-SSA1, s. 26
1Section 26. 71.10 (4) (cd) of the statutes is created to read:
SB409-SSA1,12,22 71.10 (4) (cd) Postsecondary education credit under s. 71.07 (5r).
SB409-SSA1, s. 27 3Section 27. 71.21 (4) of the statutes, as affected by 2009 Wisconsin Act 28, is
4amended to read:
SB409-SSA1,12,85 71.21 (4) Credits computed by a partnership under s. 71.07 (2dd), (2de), (2di),
6(2dj), (2dL), (2dm), (2ds), (2dx), (2dy), (3g), (3h), (3n), (3p), (3q), (3r), (3s), (3t), (3w),
7(5e), (5f), (5g), (5h), (5i), (5j), (5k), (5r), and (8r) and passed through to partners shall
8be added to the partnership's income.
SB409-SSA1, s. 28 9Section 28. 71.26 (2) (a) 4. of the statutes, as affected by 2009 Wisconsin Act
1028
, is amended to read:
SB409-SSA1,12,1611 71.26 (2) (a) 4. Plus the amount of the credit computed under s. 71.28 (1dd),
12(1de), (1di), (1dj), (1dL), (1dm), (1ds), (1dx), (1dy), (3g), (3h), (3n), (3p), (3q), (3r), (3t),
13(3w), (5e), (5f), (5g), (5h), (5i), (5j), (5k), (5r), and (8r) and not passed through by a
14partnership, limited liability company, or tax-option corporation that has added that
15amount to the partnership's, limited liability company's, or tax-option corporation's
16income under s. 71.21 (4) or 71.34 (1k) (g).
SB409-SSA1, s. 29 17Section 29. 71.28 (5r) of the statutes is created to read:
SB409-SSA1,12,1918 71.28 (5r) Postsecondary education credit. (a) Definitions. In this
19subsection:
SB409-SSA1,12,2020 1. "Claimant" means a corporation that files a claim under this subsection.
SB409-SSA1,12,2121 2. "Course of instruction" has the meaning given in s. 38.50 (1) (c).
SB409-SSA1,12,2222 3. "Family member" has the meaning given in s. 157.061 (7).
SB409-SSA1,12,2523 4. "Managing employee" means an individual who wholly or partially exercises
24operational or managerial control over, or who directly or indirectly conducts, the
25operation of the claimant's business.
SB409-SSA1,13,2
15. "Paid or incurred" includes any amount paid by the claimant to reimburse
2an individual for the tuition that the individual paid or incurred.
SB409-SSA1,13,33 6. "Qualified postsecondary institution" means all of the following:
SB409-SSA1,13,64 a. A University of Wisconsin System institution, a technical college system
5institution, or a regionally accredited 4-year nonprofit college or university having
6its regional headquarters and principal place of business in this state.
SB409-SSA1,13,87 b. A school approved under s. 38.50, if the delivery of education occurs in this
8state.
SB409-SSA1,13,119 (b) Filing claims. Subject to the limitations provided in this subsection, a
10claimant may claim as a credit against the tax imposed under s. 71.23 an amount
11equal to the following:
SB409-SSA1,13,1512 1. Twenty-five percent of the tuition that the claimant paid or incurred for an
13individual to participate in an education program of a qualified postsecondary
14institution, if the individual was enrolled in a course of instruction and eligible for
15a grant from the Federal Pell Grant Program.
SB409-SSA1,13,2116 2. Thirty percent of the tuition that the claimant paid or incurred for an
17individual to participate in an education program of a qualified postsecondary
18institution, if the individual was enrolled in a course of instruction that relates to a
19projected worker shortage in this state, as determined by the local workforce
20development boards established under 29 USC 2832, and if the individual was
21eligible for a grant from the Federal Pell Grant Program.
SB409-SSA1,13,2422 (c) Limitations. 1. No credit may be allowed under par. (b) unless the claimant
23certifies to the department of revenue that the claimant will not be reimbursed for
24any amount of tuition for which the claimant claims a credit under par. (b).
SB409-SSA1,14,3
12. A claimant may not claim the credit under par. (b) for any tuition amounts
2that the individual described under par. (b) excluded under section 127 of the
3Internal Revenue Code.
SB409-SSA1,14,64 3. A claimant may not claim the credit under par. (b) for any tuition amounts
5that the claimant paid or incurred for a family member of a managing employee
6unless all of the following apply:
SB409-SSA1,14,107 a. The family member was employed an average of at least 20 hours per week
8as an employee of the claimant, or the claimant's business, during the one-year
9period prior to commencing participation in the education program in connection
10with which the claimant claims a credit under par. (b).
SB409-SSA1,14,1211 b. The family member is enrolled in a course of instruction that is substantially
12related to the claimant's business.
SB409-SSA1,14,1413 3m. A claimant may not claim the credit under par. (b) for any tuition amounts
14that the claimant paid or incurred for an individual who is not a resident of this state.
SB409-SSA1,14,1815 4. The claimant shall claim the credit for the taxable year in which the
16individual graduates from a course of instruction in an amount equal to the total
17amount the claimant paid or incurred under par. (b) for all taxable years in which
18the claimant paid or incurred such amounts related to that individual.
SB409-SSA1,15,219 5. Partnerships, limited liability companies, and tax-option corporations may
20not claim the credit under this subsection, but the eligibility for, and the amount of,
21the credit are based on their payment of tuition under par. (b). A partnership, limited
22liability company, or tax-option corporation shall compute the amount of credit that
23each of its partners, members, or shareholders may claim and shall provide that
24information to each of them. Partners, members of limited liability companies, and

1shareholders of tax-option corporations may claim the credit in proportion to their
2ownership interest.
SB409-SSA1,15,43 (d) Administration. Subsection (4) (e) to (h), as it applies to the credit under
4sub. (4), applies to the credit under this subsection.
SB409-SSA1, s. 30 5Section 30. 71.30 (3) (cd) of the statutes is created to read:
SB409-SSA1,15,66 71.30 (3) (cd) Postsecondary education credit under s. 71.28 (5r).
SB409-SSA1, s. 31 7Section 31. 71.34 (1k) (g) of the statutes, as affected by 2009 Wisconsin Act 28,
8is amended to read:
SB409-SSA1,15,129 71.34 (1k) (g) An addition shall be made for credits computed by a tax-option
10corporation under s. 71.28 (1dd), (1de), (1di), (1dj), (1dL), (1dm), (1ds), (1dx), (1dy),
11(3), (3g), (3h), (3n), (3p), (3q), (3r), (3t), (3w), (5e), (5f), (5g), (5h), (5i), (5j), (5k), (5r),
12and (8r) and passed through to shareholders.
SB409-SSA1, s. 32 13Section 32. 71.45 (2) (a) 10. of the statutes, as affected by 2009 Wisconsin Act
1428
, is amended to read:
SB409-SSA1,15,2115 71.45 (2) (a) 10. By adding to federal taxable income the amount of credit
16computed under s. 71.47 (1dd) to (1dy), (3g), (3h), (3n), (3p), (3q), (3r), (3w), (5e), (5f),
17(5g), (5h), (5i), (5j), (5k), (5r), and (8r) and not passed through by a partnership,
18limited liability company, or tax-option corporation that has added that amount to
19the partnership's, limited liability company's, or tax-option corporation's income
20under s. 71.21 (4) or 71.34 (1k) (g) and the amount of credit computed under s. 71.47
21(1), (3), (3t), (4), (4m), and (5).
Loading...
Loading...