SB62-AA41,4,12 127. Page 81, line 8: after " (3r)," insert "(3rm),".
SB62-AA41,4,13 138. Page 89, line 7: after that line insert:
SB62-AA41,4,14 14" Section 147d. 71.28 (3rm) of the statutes is created to read:
SB62-AA41,4,1615 71.28 (3rm) Silviculture investment credit. (a) Definitions. In this
16subsection:
SB62-AA41,4,1717 1. "Claimant" means a person who files a claim under this subsection.
SB62-AA41,4,2018 2. "Silviculture" means theory and practice of controlling regeneration,
19composition, and growth of stands of forest vegetation using knowledge of the life
20history, characteristics, and ecology of forest trees through:
SB62-AA41,4,2121 a. Regeneration treatment.
SB62-AA41,4,2222 b. Liberation cutting.
SB62-AA41,4,2323 c. Thinning.
SB62-AA41,4,2424 d. Crown thinning.
SB62-AA41,4,25
1e. Improvement cutting.
SB62-AA41,5,22 f. Planting.
SB62-AA41,5,33 g. Site preparation.
SB62-AA41,5,44 h. Pruning.
SB62-AA41,5,95 3. "Silviculture modernization or expansion" means constructing, improving,
6or acquiring buildings or facilities, or acquiring equipment, if the buildings,
7facilities, and equipment are used exclusively for silviculture and if acquired and
8placed in service in this state during taxable years that begin after December 31,
92008, and before January 1, 2015.
SB62-AA41,5,1110 4. "Used exclusively" means used to the exclusion of all other uses except for
11use not exceeding 5 percent of total use.
SB62-AA41,5,1612 (b) Filing claims. Subject to the limitations provided in this subsection and s.
13560.209, for taxable years beginning after December 31, 2008, and before January
141, 2015, a claimant may claim as a credit against the taxes imposed under s. 71.23,
15up to the amount of the tax, an amount equal to 10 percent of the amount the
16claimant paid in the taxable year for silviculture modernization or expansion.
SB62-AA41,5,1917 (c) Limitations. 1. No credit may be allowed under this subsection for any
18amount that the claimant paid for expenses described under par. (b) that the
19claimant also claimed as a deduction under section 162 of the Internal Revenue Code.
SB62-AA41,5,2120 2. The aggregate amount of credits that a claimant may claim under this
21subsection is $200,000.
SB62-AA41,5,2422 3. a. The maximum amount of the credits that may be claimed under this
23subsection and ss. 71.07 (3rm) and 71.47 (3rm) in fiscal year 2009-10 is $700,000,
24as allocated under s. 560.209.
SB62-AA41,6,3
1b. The maximum amount of the credits that may be claimed under this
2subsection and ss. 71.07 (3rm) and 71.47 (3rm) in fiscal year 2010-11, and in each
3fiscal year thereafter, is $800,000, as allocated under s. 560.209.
SB62-AA41,6,124 4. Partnerships, limited liability companies, and tax-option corporations may
5not claim the credit under this subsection, but the eligibility for, and the amount of,
6the credit are based on their payment of expenses under par. (b), except that the
7aggregate amount of credits that the entity may compute shall not exceed $200,000.
8A partnership, limited liability company, or tax-option corporation shall compute
9the amount of credit that each of its partners, members, or shareholders may claim
10and shall provide that information to each of them. Partners, members of limited
11liability companies, and shareholders of tax-option corporations may claim the
12credit in proportion to their ownership interest.
SB62-AA41,6,1613 5. If 2 or more persons own and operate the silviculture operation, each person
14may claim a credit under par. (b) in proportion to his or her ownership interest, except
15that the aggregate amount of the credits claimed by all persons who own and operate
16the operation shall not exceed $200,000.
SB62-AA41,6,1817 (d) Administration. 1. Subsection (4) (e), (g), and (h), as it applies to the credit
18under sub. (4), applies to the credit under this subsection.
SB62-AA41,6,2319 2. If the allowable amount of the claim under par. (b) exceeds the tax otherwise
20due under s. 71.23, the amount of the claim not used to offset the tax due shall be
21certified by the department of revenue to the department of administration for
22payment by check, share draft, or other draft drawn from the appropriation account
23under s. 20.835 (2) (ba).".
SB62-AA41,7,2
19. Page 95, line 4: after " (3r)," insert "silviculture investment credit under s.
271.28 (3rm),
".
SB62-AA41,7,3 310. Page 96, line 9: after " (3r)," insert "(3rm),".
SB62-AA41,7,4 411. Page 99, line 3: after " (3r)," insert "(3rm),".
SB62-AA41,7,5 512. Page 107, line 2: after that line insert:
SB62-AA41,7,6 6" Section 191d. 71.47 (3rm) of the statutes is created to read:
SB62-AA41,7,87 71.47 (3rm) Silviculture investment credit. (a) Definitions. In this
8subsection:
SB62-AA41,7,99 1. "Claimant" means a person who files a claim under this subsection.
SB62-AA41,7,1210 2. "Silviculture" means theory and practice of controlling regeneration,
11composition, and growth of stands of forest vegetation using knowledge of the life
12history, characteristics, and ecology of forest trees through:
SB62-AA41,7,1313 a. Regeneration treatment.
SB62-AA41,7,1414 b. Liberation cutting.
SB62-AA41,7,1515 c. Thinning.
SB62-AA41,7,1616 d. Crown thinning.
SB62-AA41,7,1717 e. Improvement cutting.
SB62-AA41,7,1818 f. Planting.
SB62-AA41,7,1919 g. Site preparation.
SB62-AA41,7,2020 h. Pruning.
SB62-AA41,8,221 3. "Silviculture modernization or expansion" means constructing, improving,
22or acquiring buildings or facilities, or acquiring equipment, if the buildings,
23facilities, and equipment are used exclusively for silviculture and if acquired and

1placed in service in this state during taxable years that begin after December 31,
22008, and before January 1, 2015.
SB62-AA41,8,43 4. "Used exclusively" means used to the exclusion of all other uses except for
4use not exceeding 5 percent of total use.
SB62-AA41,8,95 (b) Filing claims. Subject to the limitations provided in this subsection and s.
6560.209, for taxable years beginning after December 31, 2008, and before January
71, 2015, a claimant may claim as a credit against the taxes imposed under s. 71.43,
8up to the amount of the tax, an amount equal to 10 percent of the amount the
9claimant paid in the taxable year for silviculture modernization or expansion.
SB62-AA41,8,1210 (c) Limitations. 1. No credit may be allowed under this subsection for any
11amount that the claimant paid for expenses described under par. (b) that the
12claimant also claimed as a deduction under section 162 of the Internal Revenue Code.
SB62-AA41,8,1413 2. The aggregate amount of credits that a claimant may claim under this
14subsection is $200,000.
SB62-AA41,8,1715 3. a. The maximum amount of the credits that may be claimed under this
16subsection and ss. 71.07 (3rm) and 71.28 (3rm) in fiscal year 2009-10 is $700,000,
17as allocated under s. 560.209.
SB62-AA41,8,2018 b. The maximum amount of the credits that may be claimed under this
19subsection and ss. 71.07 (3rm) and 71.28 (3rm) in fiscal year 2010-11, and in each
20fiscal year thereafter, is $800,000, as allocated under s. 560.209.
SB62-AA41,9,421 4. Partnerships, limited liability companies, and tax-option corporations may
22not claim the credit under this subsection, but the eligibility for, and the amount of,
23the credit are based on their payment of expenses under par. (b), except that the
24aggregate amount of credits that the entity may compute shall not exceed $200,000.
25A partnership, limited liability company, or tax-option corporation shall compute

1the amount of credit that each of its partners, members, or shareholders may claim
2and shall provide that information to each of them. Partners, members of limited
3liability companies, and shareholders of tax-option corporations may claim the
4credit in proportion to their ownership interest.
SB62-AA41,9,85 5. If 2 or more persons own and operate the silviculture operation, each person
6may claim a credit under par. (b) in proportion to his or her ownership interest, except
7that the aggregate amount of the credits claimed by all persons who own and operate
8the operation shall not exceed $200,000.
SB62-AA41,9,109 (d) Administration. 1. Section 71.28 (4) (e), (g), and (h), as it applies to the
10credit under s. 71.28 (4), applies to the credit under this subsection.
SB62-AA41,9,1511 2. If the allowable amount of the claim under par. (b) exceeds the tax otherwise
12due under s. 71.43, the amount of the claim not used to offset the tax due shall be
13certified by the department of revenue to the department of administration for
14payment by check, share draft, or other draft drawn from the appropriation account
15under s. 20.835 (2) (ba).".
SB62-AA41,9,17 1613. Page 111, line 17: after "(3r)," insert "silviculture investment credit under
17s. 71.47 (3rm),
".
SB62-AA41,9,18 1814. Page 240, line 9: after "(3r)," insert "(3rm),".
SB62-AA41,9,19 1915. Page 329, line 15: after that line insert:
SB62-AA41,9,20 20" Section 800d. 560.209 of the statutes is created to read:
SB62-AA41,9,23 21560.209 Silviculture investment credit. (1) The department of commerce
22shall implement a program to certify taxpayers as eligible for the silviculture
23investment credit under ss. 71.07 (3rm), 71.28 (3rm), and 71.47 (3rm).
SB62-AA41,9,24
1(2) If the department of commerce certifies a taxpayer under sub. (1), the
2department of commerce shall determine the amount of credits to allocate to that
3taxpayer. The total amount of silviculture investment credits allocated to taxpayers
4in fiscal year 2009-10 may not exceed $700,000 and the total amount of silviculture
5investment credits allocated to taxpayers in fiscal year 2010-11, and in each fiscal
6year thereafter, may not exceed $800,000.
SB62-AA41,10,9 7(3) The department of commerce shall inform the department of revenue of
8every taxpayer certified under sub. (1) and the amount of credits allocated to the
9taxpayer.
SB62-AA41,10,11 10(4) The department of commerce, in consultation with the department of
11revenue, shall promulgate rules to administer this section.".
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