LRBs0047/1
JK:nwn/wlj/cjs:jf
January 2011 Special Session
2011 - 2012 LEGISLATURE
ASSEMBLY SUBSTITUTE AMENDMENT 5,
TO ASSEMBLY BILL 7
January 25, 2011 - Offered by Representatives Young, E. Coggs and Kessler.
AB7-ASA5,1,3
1An Act to create 71.05 (6) (b) 47., 71.26 (1) (h) and 71.45 (1) (c) of the statutes;
2relating to: a job creation income and franchise tax deduction and granting
3rule-making authority.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB7-ASA5, s. 1
4Section
1. 71.05 (6) (b) 47. of the statutes is created to read:
AB7-ASA5,2,155
71.05
(6) (b) 47. An amount equal to the increase in the number of full-time
6equivalent employees employed by the taxpayer in this state during the taxable year,
7multiplied by, for a business with gross receipts of no greater than $5,000,000 in the
8taxable year, $4,000 for each individual hired who is a woman, veteran, or minority
9class member and $2,000 for each individual hired who is not such a person or, for
10a business with gross receipts greater than $5,000,000 in the taxable year, $2,000 for
11each individual hired who is a woman, veteran, or minority class member and $1,000
1for each individual hired who is not such a person. For purposes of this subdivision,
2the increase in the number of full-time equivalent employees employed by the
3taxpayer in this state during the taxable year is determined by subtracting from the
4number of full-time equivalent employees employed by the taxpayer in this state
5during the taxable year, as determined by computing the average employee count
6from the taxpayer's quarterly unemployment insurance reports or other information
7as required by the department for the taxable year, the number of full-time
8equivalent employees employed by the taxpayer in this state during the immediately
9preceding taxable year, as determined by computing the average employee count
10from the taxpayer's quarterly unemployment insurance reports or other information
11as required by the department for the immediately preceding taxable year. No
12person may claim a deduction under this subdivision if the person may claim a credit
13under this subchapter based on the person relocating the person's business from
14another state to this state and in an amount equal to the person's tax liability. The
15department shall promulgate rules to administer this subdivision.
AB7-ASA5, s. 2
16Section
2. 71.26 (1) (h) of the statutes is created to read:
AB7-ASA5,3,1317
71.26
(1) (h) An amount equal to the increase in the number of full-time
18equivalent employees employed by the taxpayer in this state during the taxable year,
19multiplied by, for a business with gross receipts of no greater than $5,000,000 in the
20taxable year, $4,000 for each individual hired who is a woman, veteran, or minority
21class member and $2,000 for each individual hired who is not such a person or, for
22a business with gross receipts greater than $5,000,000 in the taxable year, $2,000 for
23each individual hired who is a woman, veteran, or minority class member and $1,000
24for each individual hired who is not such a person. For purposes of this paragraph,
25the increase in the number of full-time equivalent employees employed by the
1taxpayer in this state during the taxable year is determined by subtracting from the
2number of full-time equivalent employees employed by the taxpayer in this state
3during the taxable year, as determined by computing the average employee count
4from the taxpayer's quarterly unemployment insurance reports or other information
5as required by the department for the taxable year, the number of full-time
6equivalent employees employed by the taxpayer in this state during the immediately
7preceding taxable year, as determined by computing the average employee count
8from the taxpayer's quarterly unemployment insurance reports or other information
9as required by the department for the immediately preceding taxable year. No
10person may claim a deduction under this paragraph if the person may claim a credit
11under this subchapter based on the person relocating the person's business from
12another state to this state and in an amount equal to the person's tax liability. The
13department shall promulgate rules to administer this paragraph.
AB7-ASA5, s. 3
14Section
3. 71.45 (1) (c) of the statutes is created to read:
AB7-ASA5,4,1115
71.45
(1) (c) An amount equal to the increase in the number of full-time
16equivalent employees employed by the taxpayer in this state during the taxable year,
17multiplied by, for a business with gross receipts of no greater than $5,000,000 in the
18taxable year, $4,000 for each individual hired who is a woman, veteran, or minority
19class member and $2,000 for each individual hired who is not such a person or, for
20a business with gross receipts greater than $5,000,000 in the taxable year, $2,000 for
21each individual hired who is a woman, veteran, or minority class member and $1,000
22for each individual hired who is not such a person. For purposes of this paragraph,
23the increase in the number of full-time equivalent employees employed by the
24taxpayer in this state during the taxable year is determined by subtracting from the
25number of full-time equivalent employees employed by the taxpayer in this state
1during the taxable year, as determined by computing the average employee count
2from the taxpayer's quarterly unemployment insurance reports or other information
3as required by the department for the taxable year, the number of full-time
4equivalent employees employed by the taxpayer in this state during the immediately
5preceding taxable year, as determined by computing the average employee count
6from the taxpayer's quarterly unemployment insurance reports or other information
7as required by the department for the immediately preceding taxable year. No
8person may claim a deduction under this paragraph if the person may claim a credit
9under this subchapter based on the person relocating the person's business from
10another state to this state and in an amount equal to the person's tax liability. The
11department shall promulgate rules to administer this paragraph.
AB7-ASA5,4,1413
(1)
Required general fund balance. Section 20.003 (4) of the statutes does not
14apply to the action of the legislature in enacting this act.
AB7-ASA5,4,1616
(1)
This act first applies to taxable years beginning on January 1, 2011.
