AB40-ASA1,850,1613 71.47 (3rn) (c) 3. c. The maximum amount of the credits that may be allocated
14under this subsection and ss. 71.07 (3rn) and 71.28 (3rn) in fiscal year 2011-12, and
15in each year thereafter, is $700,000, as allocated under s. 93.54 or s. 560.2056, 2009
16stats
.
AB40-ASA1, s. 2094 17Section 2094. 71.47 (3rn) (c) 6. of the statutes is amended to read:
AB40-ASA1,850,2018 71.47 (3rn) (c) 6. No credit may be allowed under this subsection unless the
19claimant submits with the claimant's return a copy of the claimant's credit
20certification and allocation under s. 93.54 or s. 560.2056, 2009 stats.
AB40-ASA1, s. 2095 21Section 2095. 71.47 (3t) (b) of the statutes is amended to read:
AB40-ASA1,851,222 71.47 (3t) (b) Credit. Subject to the limitations provided in this subsection and
23in s. 560.28, 2009 stats., for taxable years beginning after December 31, 2007, a
24claimant may claim as a credit, amortized over 15 taxable years starting with the
25taxable year beginning after December 31, 2007, against the tax imposed under s.

171.43, up to the amount of the tax, an amount equal to the claimant's unused credits
2under s. 71.47 (3).
AB40-ASA1, s. 2096 3Section 2096. 71.47 (3t) (c) 1. of the statutes is amended to read:
AB40-ASA1,851,104 71.47 (3t) (c) 1. No credit may be claimed under this subsection unless the
5claimant submits with the claimant's return a copy of the claimant's certification by
6the department of commerce under s. 560.28, 2009 stats., except that, with regard
7to credits claimed by partners of a partnership, members of a limited liability
8company, or shareholders of a tax-option corporation, the entity shall provide a copy
9of its certification under s. 560.28, 2009 stats., to the partner, member, or shareholder
10to submit with his or her return.
AB40-ASA1, s. 2097 11Section 2097. 71.47 (3w) (a) 2. of the statutes is amended to read:
AB40-ASA1,851,1412 71.47 (3w) (a) 2. "Claimant" means a person who is certified to claim tax
13benefits under s. 238.399 (5) or s. 560.799 (5), 2009 stats., and who files a claim under
14this subsection.
AB40-ASA1, s. 2098 15Section 2098. 71.47 (3w) (a) 3. of the statutes is amended to read:
AB40-ASA1,851,1716 71.47 (3w) (a) 3. "Full-time employee" means a full-time employee, as defined
17in s. 238.399 (1) (am) or s. 560.799 (1) (am), 2009 stats.
AB40-ASA1, s. 2099 18Section 2099. 71.47 (3w) (a) 4. of the statutes is amended to read:
AB40-ASA1,851,2019 71.47 (3w) (a) 4. "Enterprise zone" means a zone designated under s. 238.399
20or
s. 560.799, 2009 stats.
AB40-ASA1, s. 2100 21Section 2100. 71.47 (3w) (a) 5d. of the statutes is amended to read:
AB40-ASA1,851,2422 71.47 (3w) (a) 5d. "Tier I county or municipality" means a tier I county or
23municipality, as determined by the department of commerce under s. 238.399 or s.
24560.799, 2009 stats.
AB40-ASA1, s. 2101 25Section 2101. 71.47 (3w) (a) 5e. of the statutes is amended to read:
AB40-ASA1,852,3
171.47 (3w) (a) 5e. "Tier II county or municipality" means a tier II county or
2municipality, as determined by the department of commerce under s. 238.399 or s.
3560.799, 2009 stats.
AB40-ASA1, s. 2102 4Section 2102. 71.47 (3w) (b) (intro.) of the statutes is amended to read:
AB40-ASA1,852,85 71.47 (3w) (b) Filing claims; payroll. (intro.) Subject to the limitations
6provided in this subsection and s. 238.399 or s. 560.799, 2009 stats., a claimant may
7claim as a credit against the tax imposed under s. 71.43 an amount calculated as
8follows:
AB40-ASA1, s. 2103 9Section 2103. 71.47 (3w) (b) 5. of the statutes is amended to read:
AB40-ASA1,852,1210 71.47 (3w) (b) 5. Multiply the amount determined under subd. 4. by the
11percentage determined by the department of commerce under s. 238.399 or s.
12560.799, 2009 stats., not to exceed 7 percent.
AB40-ASA1, s. 2104 13Section 2104. 71.47 (3w) (bm) 1. of the statutes is amended to read:
AB40-ASA1,852,2414 71.47 (3w) (bm) 1. In addition to the credits under par. (b) and subds. 2., 3., and
154., and subject to the limitations provided in this subsection and s. 238.399 or s.
16560.799, 2009 stats., a claimant may claim as a credit against the tax imposed under
17s. 71.43 an amount equal to a percentage, as determined by the department of
18commerce
under s. 238.399 or s. 560.799, 2009 stats., not to exceed 100 percent, of
19the amount the claimant paid in the taxable year to upgrade or improve the
20job-related skills of any of the claimant's full-time employees, to train any of the
21claimant's full-time employees on the use of job-related new technologies, or to
22provide job-related training to any full-time employee whose employment with the
23claimant represents the employee's first full-time job. This subdivision does not
24apply to employees who do not work in an enterprise zone.
AB40-ASA1, s. 2105 25Section 2105. 71.47 (3w) (bm) 2. of the statutes is amended to read:
AB40-ASA1,853,14
171.47 (3w) (bm) 2. In addition to the credits under par. (b) and subds. 1., 3., and
24., and subject to the limitations provided in this subsection and s. 238.399 or s.
3560.799, 2009 stats., a claimant may claim as a credit against the tax imposed under
4s. 71.43 an amount equal to the percentage, as determined by the department of
5commerce
under s. 238.399 or s. 560.799, 2009 stats., not to exceed 7 percent, of the
6claimant's zone payroll paid in the taxable year to all of the claimant's full-time
7employees whose annual wages are greater than $20,000 in a tier I county or
8municipality, not including the wages paid to the employees determined under par.
9(b) 1., or greater than $30,000 in a tier II county or municipality, not including the
10wages paid to the employees determined under par. (b) 1., and who the claimant
11employed in the enterprise zone in the taxable year, if the total number of such
12employees is equal to or greater than the total number of such employees in the base
13year. A claimant may claim a credit under this subdivision for no more than 5
14consecutive taxable years.
AB40-ASA1, s. 2106 15Section 2106. 71.47 (3w) (bm) 3. of the statutes is amended to read:
AB40-ASA1,853,2116 71.47 (3w) (bm) 3. In addition to the credits under par. (b) and subds. 1., 2., and
174., and subject to the limitations provided in this subsection and s. 238.399 or s.
18560.799, 2009 stats., for taxable years beginning after December 31, 2008, a claimant
19may claim as a credit against the tax imposed under s. 71.43 up to 10 percent of the
20claimant's significant capital expenditures, as determined by the department of
21commerce
under s. 238.399 (5m) or s. 560.799 (5m), 2009 stats.
AB40-ASA1, s. 2107 22Section 2107. 71.47 (3w) (bm) 4. of the statutes is amended to read:
AB40-ASA1,854,623 71.47 (3w) (bm) 4. In addition to the credits under par. (b) and subds. 1., 2., and
243., and subject to the limitations provided in this subsection and s. 238.399 or s.
25560.799, 2009 stats., for taxable years beginning after December 31, 2009, a claimant

1may claim as a credit against the tax imposed under s. 71.43, up to 1 percent of the
2amount that the claimant paid in the taxable year to purchase tangible personal
3property, items, property, or goods under s. 77.52 (1) (b), (c), or (d), or services from
4Wisconsin vendors, as determined by the department of commerce under s. 238.399
5(5) (e) or
s. 560.799 (5) (e), 2009 stats., except that the claimant may not claim the
6credit under this subdivision and subd. 3. for the same expenditures.
AB40-ASA1, s. 2108 7Section 2108. 71.47 (3w) (c) 3. of the statutes is amended to read:
AB40-ASA1,854,108 71.47 (3w) (c) 3. No credit may be allowed under this subsection unless the
9claimant includes with the claimant's return a copy of the claimant's certification for
10tax benefits under s. 238.399 (5) or (5m) or s. 560.799 (5) or (5m), 2009 stats.
AB40-ASA1, s. 2109 11Section 2109. 71.47 (3w) (d) of the statutes is amended to read:
AB40-ASA1,854,1612 71.47 (3w) (d) Administration. Section 71.28 (4) (g) and (h), as it applies to the
13credit under s. 71.28 (4), applies to the credit under this subsection. Claimants shall
14include with their returns a copy of their certification for tax benefits, and a copy of
15the verification of their expenses, from the department of commerce or the Wisconsin
16Economic Development Corporation
.
AB40-ASA1, s. 2110 17Section 2110. 71.47 (4) (am) of the statutes is amended to read:
AB40-ASA1,855,2218 71.47 (4) (am) Development zone additional research credit. In addition to the
19credit under par. (ad), any corporation may credit against taxes otherwise due under
20this chapter an amount equal to 5 percent of the amount obtained by subtracting
21from the corporation's qualified research expenses, as defined in section 41 of the
22Internal Revenue Code, except that "qualified research expenses" include only
23expenses incurred by the claimant in a development zone under subch. II of ch. 238
24or
subch. VI of ch. 560, 2009 stats., except that a taxpayer may elect the alternative
25computation under section 41 (c) (4) of the Internal Revenue Code and that election

1applies until the department permits its revocation and except that "qualified
2research expenses" do not include compensation used in computing the credit under
3sub. (1dj) nor research expenses incurred before the claimant is certified for tax
4benefits under s. 238.365 (3) or s. 560.765 (3), 2009 stats., the corporation's base
5amount, as defined in section 41 (c) of the Internal Revenue Code, in a development
6zone, except that gross receipts used in calculating the base amount means gross
7receipts from sales attributable to Wisconsin under s. 71.25 (9) (b) 1. and 2., (df) 1.
8and 2., (dh) 1., 2., and 3., (dj), and (dk) and research expenses used in calculating the
9base amount include research expenses incurred before the claimant is certified for
10tax benefits under s. 238.365 (3) or s. 560.765 (3) , 2009 stats., in a development zone,
11if the claimant submits with the claimant's return a copy of the claimant's
12certification for tax benefits under s. 238.365 (3) or s. 560.765 (3), 2009 stats., and
13a statement from the department of commerce or the Wisconsin Economic
14Development Corporation
verifying the claimant's qualified research expenses for
15research conducted exclusively in a development zone. The rules under s. 73.03 (35)
16apply to the credit under this paragraph. The rules under sub. (1di) (f) and (g) as they
17apply to the credit under that subsection apply to claims under this paragraph.
18Section 41 (h) of the Internal Revenue Code does not apply to the credit under this
19paragraph. No credit may be claimed under this paragraph for taxable years that
20begin on January 1, 1998, or thereafter. Credits under this paragraph for taxable
21years that begin before January 1, 1998, may be carried forward to taxable years that
22begin on January 1, 1998, or thereafter.
AB40-ASA1, s. 2111 23Section 2111. 71.47 (5b) (a) 2. of the statutes is amended to read:
AB40-ASA1,855,2524 71.47 (5b) (a) 2. "Fund manager" means an investment fund manager certified
25under s. 238.15 (2) or s. 560.205 (2), 2009 stats.
AB40-ASA1, s. 2112
1Section 2112. 71.47 (5b) (b) 1. of the statutes is amended to read:
AB40-ASA1,856,72 71.47 (5b) (b) 1. For taxable years beginning after December 31, 2004, subject
3to the limitations provided under this subsection and s. 238.15 or s. 560.205, 2009
4stats.
, and except as provided in subd. 2., a claimant may claim as a credit against
5the tax imposed under s. 71.43, up to the amount of those taxes, 25 percent of the
6claimant's investment paid to a fund manager that the fund manager invests in a
7business certified under s. 238.15 (1) or s. 560.205 (1), 2009 stats.
AB40-ASA1, s. 2113 8Section 2113. 71.47 (5b) (b) 2. of the statutes is amended to read:
AB40-ASA1,856,179 71.47 (5b) (b) 2. In the case of a partnership, limited liability company, or
10tax-option corporation, the computation of the 25 percent limitation under subd. 1.
11shall be determined at the entity level rather than the claimant level and may be
12allocated among the claimants who make investments in the manner set forth in the
13entity's organizational documents. The entity shall provide to the department of
14revenue and to the department of commerce or the Wisconsin Economic
15Development Corporation
the names and tax identification numbers of the
16claimants, the amounts of the credits allocated to the claimants, and the
17computation of the allocations.
AB40-ASA1, s. 2114 18Section 2114. 71.47 (5b) (d) 3. of the statutes is amended to read:
AB40-ASA1,856,2319 71.47 (5b) (d) 3. For calendar years beginning investments made after
20December 31, 2007, if an investment for which a claimant claims a credit under par.
21(b) is held by the claimant for less than 3 years, the claimant shall pay to the
22department, in the manner prescribed by the department, the amount of the credit
23that the claimant received related to the investment.
AB40-ASA1, s. 2115 24Section 2115. 71.47 (5f) (a) 1. (intro.) of the statutes is amended to read:
AB40-ASA1,857,11
171.47 (5f) (a) 1. (intro.) "Accredited production" means a film, video, broadcast
2advertisement, or television production, as approved by the department of commerce
3or the department of tourism, for which the aggregate salary and wages included in
4the cost of the production for the period ending 12 months after the month in which
5the principal filming or taping of the production begins exceeds $50,000. "Accredited
6production" also means an electronic game, as approved by the department of
7commerce or the department of tourism, for which the aggregate salary and wages
8included in the cost of the production for the period ending 36 months after the month
9in which the principal programming, filming, or taping of the production begins
10exceeds $100,000. "Accredited production" does not include any of the following,
11regardless of the production costs:
AB40-ASA1, s. 2116 12Section 2116. 71.47 (5f) (a) 3. of the statutes is amended to read:
AB40-ASA1,857,2113 71.47 (5f) (a) 3. "Production expenditures" means any expenditures that are
14incurred in this state and directly used to produce an accredited production,
15including expenditures for set construction and operation, wardrobes, make-up,
16clothing accessories, photography, sound recording, sound synchronization, sound
17mixing, lighting, editing, film processing, film transferring, special effects, visual
18effects, renting or leasing facilities or equipment, renting or leasing motor vehicles,
19food, lodging, and any other similar expenditure as determined by the department
20of commerce or the department of tourism. "Production expenditures" do not include
21salary, wages, or labor-related contract payments.
AB40-ASA1, s. 2117 22Section 2117. 71.47 (5f) (c) 6. of the statutes is amended to read:
AB40-ASA1,858,523 71.47 (5f) (c) 6. No credit may be allowed under this subsection unless the
24claimant files an application with the department of commerce or the department of
25tourism
, at the time and in the manner prescribed by the department of commerce

1or the department of tourism, and the department of commerce or the department
2of tourism
approves the application. The claimant shall submit a fee with the
3application in an amount equal to 2 percent of the claimant's budgeted production
4expenditures or to $5,000, whichever is less. The claimant shall submit a copy of the
5approved application with the claimant's return.
AB40-ASA1, s. 2118 6Section 2118. 71.47 (5h) (c) 4. of the statutes is amended to read:
AB40-ASA1,858,117 71.47 (5h) (c) 4. No claim may be allowed under this subsection unless the
8department of commerce or the department of tourism certifies, in writing, that the
9credits claimed under this subsection are for expenses related to establishing or
10operating a film production company in this state and the claimant submits a copy
11of the certification with the claimant's return.
AB40-ASA1, s. 2119 12Section 2119. 71.47 (5i) (c) 1. of the statutes is amended to read:
AB40-ASA1,858,1513 71.47 (5i) (c) 1. The maximum amount of the credits that may be claimed under
14this subsection and ss. 71.07 (5i) and 71.28 (5i) in a taxable year is $10,000,000, as
15allocated under s. 73.15 or s. 560.204, 2009 stats.
AB40-ASA1, s. 2120 16Section 2120. 71.47 (5j) (a) 2d. of the statutes is amended to read:
AB40-ASA1,858,2117 71.47 (5j) (a) 2d. "Diesel replacement renewable fuel" includes biodiesel and
18any other fuel derived from a renewable resource that meets all of the applicable
19requirements of the American Society for Testing and Materials for that fuel and that
20the department of commerce safety and professional services designates by rule as
21a diesel replacement renewable fuel.
AB40-ASA1, s. 2121 22Section 2121. 71.47 (5j) (a) 2m. of the statutes is amended to read:
AB40-ASA1,859,223 71.47 (5j) (a) 2m. "Gasoline replacement renewable fuel" includes ethanol and
24any other fuel derived from a renewable resource that meets all of the applicable
25requirements of the American Society for Testing and Materials for that fuel and that

1the department of commerce safety and professional services designates by rule as
2a gasoline replacement renewable fuel.
AB40-ASA1, s. 2122 3Section 2122. 71.47 (5j) (c) 3. of the statutes is amended to read:
AB40-ASA1,859,84 71.47 (5j) (c) 3. The department of commerce safety and professional services
5shall establish standards to adequately prevent, in the distribution of conventional
6fuel to an end user, the inadvertent distribution of fuel containing a higher
7percentage of renewable fuel than the maximum percentage established by the
8federal environmental protection agency for use in conventionally-fueled engines.
AB40-ASA1, s. 2122d 9Section 2122d. 71.47 (5n) of the statutes is created to read:
AB40-ASA1,859,1110 71.47 (5n) Qualified production activities credit. (a) Definitions. In this
11subsection:
AB40-ASA1,859,1212 1. "Claimant" means a person who files a claim under this subsection.
AB40-ASA1,859,1413 2. "Eligible qualified production activities income" means the lesser of the
14following:
AB40-ASA1,859,1715 a. Qualified production activities income that derives from property located in
16this state that is assessed as manufacturing property under s. 70.995 or as
17agricultural property under s. 70.32 (2) (a) 4.
AB40-ASA1,859,1818 b. Income that is apportioned to this state under s. 71.45 (3), (3d), and (3e).
AB40-ASA1,859,1919 c. Income that is determined to be taxable in this state under s. 71.255 (2).
AB40-ASA1,859,2120 3. "Qualified production activities income" means qualified production
21activities income as defined in 26 USC 199 (c).
AB40-ASA1,859,2522 (b) Filing claims. Subject to the limitations provided in this subsection, a
23claimant may claim as a credit against the tax imposed under s. 71.43, up to the
24amount of the tax, an amount equal to one of the following percentages of the
25claimant's eligible qualified production activities income in the taxable year:
AB40-ASA1,860,2
11. For taxable years beginning after December 31, 2012, and before January
21, 2014, 1.875 percent.
AB40-ASA1,860,43 2. For taxable years beginning after December 31, 2013, and before January
41, 2015, 3.75 percent.
AB40-ASA1,860,65 3. For taxable years beginning after December 31, 2014, and before January
61, 2016, 5.526 percent.
AB40-ASA1,860,77 4. For taxable years beginning after December 31, 2015, 7.5 percent.
AB40-ASA1,860,158 (c) Limitations. Partnerships, limited liability companies, and tax-option
9corporations may not claim the credit under this subsection, but the eligibility for,
10and the amount of, the credit are based on their share of the income described under
11par. (b). A partnership, limited liability company, or tax-option corporation shall
12compute the amount of credit that each of its partners, members, or shareholders
13may claim and shall provide that information to each of them. Partners, members
14of limited liability companies, and shareholders of tax-option corporations may
15claim the credit in proportion to their ownership interests.
AB40-ASA1,860,1716 (d) Administration. Section 71.28 (4) (e) to (h), as it applies to the credit under
17s. 71.28 (4), applies to the credit under this subsection.
AB40-ASA1, s. 2123d 18Section 2123d. 71.49 (1) (dn) of the statutes is created to read:
AB40-ASA1,860,1919 71.49 (1) (dn) Qualified production activities credit under s. 71.47 (5n).
AB40-ASA1, s. 2124 20Section 2124. 71.54 (1) (f) (intro.) of the statutes is amended to read:
AB40-ASA1,860,2421 71.54 (1) (f) 2001 and thereafter to 2011. (intro.) Subject to sub. (2m), the
22amount of any claim filed in 2001 and thereafter to 2011 and based on property taxes
23accrued or rent constituting property taxes accrued during the previous year is
24limited as follows:
AB40-ASA1, s. 2125 25Section 2125. 71.54 (1) (g) of the statutes is created to read:
AB40-ASA1,861,3
171.54 (1) (g) 2012 and thereafter. The amount of any claim filed in 2012 and
2thereafter and based on property taxes accrued or rent constituting property taxes
3accrued during the previous year is limited as follows:
AB40-ASA1,861,64 1. If the household income was $8,060 or less in the year to which the claim
5relates, the claim is limited to 80 percent of the property taxes accrued or rent
6constituting property taxes accrued or both in that year on the claimant's homestead.
AB40-ASA1,861,117 2. If the household income was more than $8,060 in the year to which the claim
8relates, the claim is limited to 80 percent of the amount by which the property taxes
9accrued or rent constituting property taxes accrued or both in that year on the
10claimant's homestead exceeds 8.785 percent of the household income exceeding
11$8,060.
AB40-ASA1,861,1312 3. No credit may be allowed if the household income of a claimant exceeds
13$24,680.
AB40-ASA1, s. 2126 14Section 2126. 71.54 (2) (b) 3. of the statutes is amended to read:
AB40-ASA1,861,1615 71.54 (2) (b) 3. Subject to sub. (2m), in calendar year 1990 or any subsequent
16calendar year
years 1990 to 2010, $1,450.
AB40-ASA1, s. 2127 17Section 2127. 71.54 (2) (b) 4. of the statutes is created to read:
AB40-ASA1,861,1818 71.54 (2) (b) 4. In calendar years 2011 or any subsequent calendar year, $1,460.
AB40-ASA1, s. 2128 19Section 2128. 71.54 (2m) of the statutes is amended to read:
AB40-ASA1,862,1120 71.54 (2m) Indexing for inflation; 2010 and thereafter. (a) For calendar years
21beginning after December 31, 2009, and before January 1, 2011, the dollar amounts
22of the threshold income under sub. (1) (f) 1. and 2., the maximum household income
23under sub. (1) (f) 3. and the maximum property taxes under sub. (2) (b) 3. shall be
24increased each year by a percentage equal to the percentage change between the U.S.
25consumer price index for all urban consumers, U.S. city average, for the 12-month

1average of the U.S. consumer price index for the month of August of the year before
2the previous year through the month of July of the previous year and the U.S.
3consumer price index for all urban consumers, U.S. city average, for the 12-month
4average of the U.S. consumer price index for August 2007 through July 2008, as
5determined by the federal department of labor, except that the adjustment may occur
6only if the percentage is a positive number. Each amount that is revised under this
7paragraph shall be rounded to the nearest multiple of $10 if the revised amount is
8not a multiple of $10 or, if the revised amount is a multiple of $5, such an amount
9shall be increased to the next higher multiple of $10. The department of revenue
10shall annually adjust the changes in dollar amounts required under this paragraph
11and incorporate the changes into the income tax forms and instructions.
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