AB40-ASA1,821,2418
71.42
(2) (t) For taxable years that begin after December 31, 2007, and before
19January 1, 2009, "Internal Revenue Code" means the federal Internal Revenue Code
20as amended to December 31, 2007, excluding sections 103, 104, and 110 of P.L.
21102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66,
22sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, sections 1, 3,
234, and 5 of P.L.
106-519, sections 162 and 165 of P.L.
106-554, P.L.
106-573, section
24431 of P.L.
107-16, sections 101 and 301 (a) of P.L.
107-147, sections 106, 201, and
25202 of P.L.
108-27, section 1201 of P.L.
108-173, sections 306, 308, 316, 401, and 403
1(a) of P.L.
108-311, sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910
2of P.L.
108-357, P.L.
109-1, sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326,
31328, 1329, 1348, and 1351 of P.L.
109-58, section 11146 of P.L.
109-59, section 301
4of P.L.
109-73, sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403
5(e), (j), and (q), and 405 of P.L.
109-135, sections 101, 207, 209, 503, 512, and 513 of
6P.L.
109-222, sections 811 and 844 of P.L.
109-280, P.L.
109-432, P.L.
110-28, P.L.
7110-140, P.L.
110-141, P.L.
110-142, P.L.
110-166, and P.L.
110-172, and as
8amended by P.L.
110-245, excluding sections 110, 113, and 301 of P.L.
110-245,
and 9section 15316 of P.L. 110-246, section 301 of division B and section 313 of division
10C of P.L. 110-343, P.L.
110-458,
section 1541 of division B of P.L. 111-5, and P.L.
11111-192, and as indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
12101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
13excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
14103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
15103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
16excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
17104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
18105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554, excluding sections
19162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
20107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding sections
21101 and 301 (a) of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276, P.L.
22107-358, P.L.
108-27, excluding sections 106, 201, and 202 of P.L.
108-27, P.L.
23108-121, P.L.
108-173, excluding section 1201 of P.L.
108-173, P.L.
108-203, P.L.
24108-218, P.L.
108-311, excluding sections 306, 308, 316, 401, and 403 (a) of P.L.
25108-311, P.L.
108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847,
1909, and 910 of P.L.
108-357, P.L.
108-375, P.L.
108-476, P.L.
109-7, P.L.
109-58,
2excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348,
3and 1351 of P.L.
109-58, P.L.
109-59, excluding section 11146 of P.L.
109-59, P.L.
4109-73, excluding section 301 of P.L.
109-73, P.L.
109-135, excluding sections 101,
5105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of
6P.L.
109-135, P.L.
109-151, P.L.
109-222, excluding sections 101, 207, 209, 503, 512,
7and 513 of P.L.
109-222, P.L.
109-227, P.L.
109-280, excluding sections 811 and 844
8of P.L.
109-280, P.L.
110-245, excluding sections 110, 113, and 301 of P.L.
110-245,
9and section 15316 of P.L. 110-246, section 301 of division B and section 313 of division
10C of P.L. 110-343, P.L.
110-458,
section 1541 of division B of P.L. 111-5, and P.L.
11111-192, except that "Internal Revenue Code" does not include section 847 of the
12federal Internal Revenue Code. The Internal Revenue Code applies for Wisconsin
13purposes at the same time as for federal purposes. Amendments to the federal
14Internal Revenue Code enacted after December 31, 2007, do not apply to this
15paragraph with respect to taxable years beginning after December 31, 2007, and
16before January 1, 2009, except that changes to the Internal Revenue Code made by
17P.L.
110-245, excluding sections 110, 113, and 301 of P.L.
110-245,
and section 15316
18of P.L. 110-246, section 301 of division B and section 313 of division C of P.L. 110-343, 19P.L.
110-458,
section 1541 of division B of P.L. 111-5, and P.L. 111-192, and changes
20that indirectly affect the provisions applicable to this subchapter made by P.L.
21110-245, excluding sections 110, 113, and 301 of P.L.
110-245,
and section 15316 of
22P.L. 110-246, section 301 of division B and section 313 of division C of P.L. 110-343, 23P.L.
110-458,
section 1541 of division B of P.L. 111-5, and P.L. 111-192, apply for
24Wisconsin purposes at the same time as for federal purposes.
AB40-ASA1,824,12
171.42
(2) (tm) For taxable years that begin after December 31, 2008,
and before
2January 1, 2011, "Internal Revenue Code" means the federal Internal Revenue Code
3as amended to December 31, 2008, excluding sections 103, 104, and 110 of P.L.
4102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66,
5sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, sections 1, 3,
64, and 5 of P.L.
106-519, sections 162 and 165 of P.L.
106-554, P.L.
106-573, section
7431 of P.L.
107-16, sections 101 and 301 (a) of P.L.
107-147, sections 106, 201, and
8202 of P.L.
108-27, section 1201 of P.L.
108-173, sections 306, 308, 316, 401, and 403
9(a) of P.L.
108-311, sections 101, 102, 201, 211, 242, 244, 336, 337, 422, 847, 909, and
10910 of P.L.
108-357, P.L.
109-1, sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,
111326, 1328, 1329, 1348, and 1351 of P.L.
109-58, section 11146 of P.L.
109-59, section
12301 of P.L.
109-73, sections 101, 105, 201 (a) as it relates to section 1400S (a), 402
13(e), 403 (e), (j), and (q), and 405 of P.L.
109-135, sections 101, 207, 209, 503, and 513
14of P.L.
109-222,
section 844 of P.L. 109-280, P.L.
109-432, P.L.
110-28, P.L.
110-140,
15P.L.
110-141, P.L.
110-142, P.L.
110-166, P.L.
110-172, P.L.
110-185, P.L.
110-234,
16sections 110, 113, and 301 of P.L.
110-245, P.L.
110-246,
except section 15316 of P.L.
17110-246, P.L.
110-289,
except section 3093 of P.L. 110-289, P.L.
110-317,
and P.L.
18110-343,
except section 301 of division B and section 313 of division C of P.L. 110-343, 19and
P.L. 110-351, as amended by sections 1261, 1262, 1401, 1402, 1521, 1522, 1531,
20and 1541 of division B of P.L. 111-5, section 301 of P.L. 111-147, P.L. 111-192, section
211601 of P.L. 111-203, section 215 of P.L. 111-226, section 2112 of P.L. 111-240, and
22P.L. 111-325, and as indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647,
23P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
24excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
25103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
1103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
2excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
3104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
4105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554, excluding sections
5162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
6107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding sections
7101 and 301 (a) of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276, P.L.
8107-358, P.L.
108-27, excluding sections 106, 201, and 202 of P.L.
108-27, P.L.
9108-121, P.L.
108-173, excluding section 1201 of P.L.
108-173, P.L.
108-203, P.L.
10108-218, P.L.
108-311, excluding sections 306, 308, 316, 401, and 403 (a) of P.L.
11108-311, P.L.
108-357, excluding sections 101, 102, 201, 211, 242, 244, 336, 337, 422,
12847, 909, and 910 of P.L.
108-357, P.L.
108-375, P.L.
108-476, P.L.
109-7, P.L.
13109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
141329, 1348, and 1351 of P.L.
109-58, P.L.
109-59, excluding section 11146 of P.L.
15109-59, P.L.
109-73, excluding section 301 of P.L.
109-73, P.L.
109-135, excluding
16sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and
17(q), and 405 of P.L.
109-135, P.L.
109-151, P.L.
109-222, excluding sections 101, 207,
18209, 503, and 513 of P.L.
109-222, P.L.
109-227, P.L.
109-280,
excluding section 844
19of P.L. 109-280, P.L.
110-245, excluding sections 110, 113, and 301 of P.L.
110-245,
20and section 15316 of P.L. 110-246, section 3093 of P.L. 110-289, section 301 of
21division B and section 313 of division C of P.L. 110-343, P.L. 110-351, P.L.
110-458,
22sections 1261, 1262, 1401, 1402, 1521, 1522, 1531, and 1541 of division B of P.L.
23111-5, section 301 of P.L. 111-147, P.L. 111-192, section 1601 of P.L. 111-203, section
24215 of P.L. 111-226, section 2112 of P.L. 111-240, and P.L. 111-325, except that
25"Internal Revenue Code" does not include section 847 of the federal Internal Revenue
1Code. The Internal Revenue Code applies for Wisconsin purposes at the same time
2as for federal purposes. Amendments to the federal Internal Revenue Code enacted
3after December 31, 2008, do not apply to this paragraph with respect to taxable years
4beginning after December 31, 2008
, and before January 1, 2011, except that changes
5to the Internal Revenue Code made by sections 1261, 1262, 1401, 1402, 1521, 1522,
61531, and 1541 of division B of P.L. 111-5, section 301 of P.L. 111-147, P.L. 111-192,
7section 1601 of P.L. 111-203, section 215 of P.L. 111-226, section 2112 of P.L. 111-240,
8and P.L. 111-325, and changes that indirectly affect the provisions applicable to this
9subchapter made by sections 1261, 1262, 1401, 1402, 1521, 1522, 1531, and 1541 of
10division B of P.L. 111-5, section 301 of P.L. 111-147, P.L. 111-192, section 1601 of P.L.
11111-203, section 215 of P.L. 111-226, section 2112 of P.L. 111-240, and P.L. 111-325,
12apply for Wisconsin purposes at the same time as for federal purposes.
AB40-ASA1,827,1614
71.42
(2) (tn) For taxable years that begin after December 31, 2010, "Internal
15Revenue Code" means the federal Internal Revenue Code as amended to
16December 31, 2010, excluding sections 103, 104, and 110 of P.L.
102-227, sections
1713113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, sections 1123 (b),
181202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, sections 1, 3, 4, and 5 of P.L.
19106-519, sections 162 and 165 of P.L.
106-554, P.L.
106-573, section 431 of P.L.
20107-16, sections 101 and 301 (a) of P.L.
107-147, sections 106, 201, and 202 of P.L.
21108-27, section 1201 of P.L.
108-173, sections 306, 308, 316, 401, and 403 (a) of P.L.
22108-311, sections 101, 102, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
23108-357, P.L.
109-1, sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
241329, 1348, and 1351 of P.L.
109-58, section 11146 of P.L.
109-59, section 301 of P.L.
25109-73, sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),
1(j), and (q), and 405 of P.L.
109-135, sections 101, 207, 503, and 513 of P.L.
109-222,
2P.L.
109-432, except sections 117, 406, 409, 410, 412, 417, 418, 424, and 425 of
3division A and section 403 of division C of P.L.
109-432, P.L.
110-28, except sections
48215, 8231, 8232, 8234, and 8236 of P.L.
110-28, P.L.
110-140, sections 2, 3, and 5
5of P.L.
110-142, P.L.
110-166, sections 3 (b) and 11 (b), (e), and (g) of P.L.
110-172,
6P.L.
110-185, P.L.
110-234, section 301 of P.L.
110-245, P.L.
110-246, except sections
74, 15312, 15313, 15314, 15316, and 15342 of P.L.
110-246, sections 3071, 3081, and
83082 of P.L.
110-289, section 9 (e) of P.L.
110-317, P.L.
110-343, except sections 116,
9208, 211, and 301 of division B and sections 313 and 504 of division C of P.L.
110-343,
10P.L.
111-5, except sections 1261, 1262, 1401, 1402, 1521, 1522, 1531, and 1541 of
11division B of P.L.
111-5, section 201 of P.L.
111-147, P.L.
111-148, except sections
121322, 1515, 9003, 9021, 9022, 10108, 10908, and 10909 of P.L.
111-148, P.L.
111-152,
13except section 1407 of P.L.
111-152, P.L.
111-203, except section 1601 of P.L.
111-203,
14P.L.
111-226, except sections 215 and 217 of P.L.
111-226, P.L.
111-240, except
15sections 2014, 2043, 2111, 2112, and 2113 of P.L.
111-240, and P.L.
111-312, and as
16indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
17101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections
18103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding
19sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
20103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections
211123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
22104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
23106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554, excluding sections 162 and 165 of
24P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
25107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding sections 101 and 301 (a)
1of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276, P.L.
107-358, P.L.
108-27,
2excluding sections 106, 201, and 202 of P.L.
108-27, P.L.
108-121, P.L.
108-173,
3excluding section 1201 of P.L.
108-173, P.L.
108-203, P.L.
108-218, P.L.
108-311,
4excluding sections 306, 308, 316, 401, and 403 (a) of P.L.
108-311, P.L.
108-357,
5excluding sections 101, 102, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of
6P.L.
108-357, P.L.
108-375, P.L.
108-476, P.L.
109-7, P.L.
109-58, excluding sections
71305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
8109-58, P.L.
109-59, excluding section 11146 of P.L.
109-59, P.L.
109-73, excluding
9section 301 of P.L.
109-73, P.L.
109-135, excluding sections 101, 105, 201 (a) as it
10relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135, P.L.
11109-151, P.L.
109-222, excluding sections 101, 207, 503, and 513 of P.L.
109-222,
12P.L.
109-227, P.L.
109-280, sections 117, 406, 409, 410, 412, 417, 418, 424, and 425
13of division A and section 403 of division C of P.L.
109-432, sections 8215, 8231, 8232,
148234, and 8236 of P.L.
110-28, P.L.
110-141, P.L.
110-142, excluding sections 2, 3,
15and 5 of P.L.
110-142, P.L.
110-172, excluding sections 3 (b) and 11 (b), (e), and (g)
16of P.L.
110-172, P.L.
110-245, excluding section 301 of P.L.
110-245, sections 4,
1715312, 15313, 15314, 15316, and 15342 of P.L.
110-246, P.L.
110-289, excluding
18sections 3071, 3081, and 3082 of P.L.
110-289, P.L.
110-317, excluding section 9 (e)
19of P.L.
110-317, sections 116, 208, 211, and 301 of division B and sections 313 and 504
20of division C of P.L.
110-343, P.L.
110-351, P.L.
110-458, sections 1261, 1262, 1401,
211402, 1521, 1522, 1531, and 1541 of division B of P.L.
111-5, P.L.
111-92, P.L.
22111-147, excluding section 201 of P.L.
111-147, sections 1322, 1515, 9003, 9021,
239022, 10108, 10908, and 10909 of P.L.
111-148, section 1407 of P.L.
111-152, P.L.
24111-192, section 1601 of P.L.
111-203, sections 215 and 217 of P.L.
111-226, sections
252014, 2043, 2111, 2112, and 2113 of P.L.
111-240, and P.L.
111-325, except that
1"Internal Revenue Code" does not include section 847 of the federal Internal Revenue
2Code. The Internal Revenue Code applies for Wisconsin purposes at the same time
3as for federal purposes, except that changes made by section 209 of P.L.
109-222,
4sections 117, 406, 409, 410, 412, 417, 418, 424, and 425 of division A and section 403
5of division C of P.L.
109-432, sections 8215, 8231, 8232, 8234, and 8236 of P.L.
6110-28, P.L.
110-141, P.L.
110-142, excluding sections 2, 3, and 5 of P.L.
110-142,
7P.L.
110-172, excluding sections 3 (b) and 11 (b), (e), and (g) of P.L.
110-172, sections
8110 and 113 of P.L.
110-245, sections 15312, 15313, 15314, and 15342 of P.L.
110-246,
9sections 3031, 3032, 3033, 3041, 3051, 3052, 3061, and 3092 of P.L.
110-289, P.L.
10110-317, excluding section 9 (e) of P.L.
110-317, sections 116, 208, and 211 of division
11B and section 504 of division C of P.L.
110-343, section 14 of P.L.
111-92, sections 531,
12532, and 533 of P.L.
111-147, sections 10908 and 10909 of P.L.
111-148, and section
132043 of P.L.
111-240 do not apply for taxable years beginning before January 1, 2011.
14Amendments to the federal Internal Revenue Code enacted after December 31, 2010,
15do not apply to this paragraph with respect to taxable years beginning after
16December 31, 2010.
AB40-ASA1,827,2119
71.45
(1t) (m) Those issued by the Wisconsin Housing and Economic
20Development Authority to provide loans to a public affairs network under s. 234.75
21(4).
AB40-ASA1,828,524
71.45
(2) (a) 10. By adding to federal taxable income the amount of credit
25computed under s. 71.47 (1dd) to (1dy), (3g), (3h), (3n), (3p), (3q), (3r), (3rm), (3rn),
1(3w), (5e), (5f), (5g), (5h), (5i), (5j), (5k),
(5n), (5r), (5rm), (8r), and (9s) and not passed
2through by a partnership, limited liability company, or tax-option corporation that
3has added that amount to the partnership's, limited liability company's, or
4tax-option corporation's income under s. 71.21 (4) or 71.34 (1k) (g) and the amount
5of credit computed under s. 71.47 (1), (3), (3t), (4), (4m), and (5).
AB40-ASA1, s. 2015f
6Section 2015f. 71.45 (4) of the statutes is renumbered 71.45 (4) (a) and
7amended to read:
AB40-ASA1,828,178
71.45
(4) (a)
Insurers Except as provided in par. (b), insurers computing tax
9under this subchapter may subtract from Wisconsin net income any Wisconsin net
10business loss sustained in any of the next 15 preceding taxable years to the extent
11not offset by Wisconsin net business income of any year between the loss year and
12the taxable year for which an offset is claimed and computed without regard to sub.
13(2) (a) 8. and 9. and this subsection and limited to the amount of net income, but no
14loss incurred for a taxable year before taxable year 1987 by a nonprofit service plan
15of sickness care under ch. 148, or dental care under s. 447.13 may be treated as a net
16business loss of the successor service insurer under ch. 613 operating by virtue of s.
17148.03 or 447.13.
AB40-ASA1,828,2219
71.45
(4) (b) An insurer that is part of a combined group under s. 71.255 may
20offset against its Wisconsin net business income any unused pre-2009 net business
21loss carry-forward under s. 71.255 (6) (bm) for the 20 taxable years that begin after
22December 31, 2011.
AB40-ASA1,829,424
71.47
(1dd) (b) Except as provided in s. 73.03 (35), for any taxable year for
25which that person is certified under s. 560.765 (3)
, 2009 stats., and begins business
1operations in a zone under s. 560.71
, 2009 stats., after July 29, 1995, or certified
2under s. 560.797 (4) (a),
2009 stats., for each zone for which the person is certified
3or entitled a person may credit against taxes otherwise due under this subchapter
4employment-related day care expenses, up to $1,200 for each qualifying individual.
AB40-ASA1, s. 2017
5Section
2017. 71.47 (1de) (a) (intro.) of the statutes is amended to read:
AB40-ASA1,829,146
71.47
(1de) (a) (intro.) Except as provided in s. 73.03 (35), for any taxable year
7for which a person is certified under s. 560.765 (3)
, 2009 stats., and begins business
8operations in a zone under s. 560.71
, 2009 stats., after July 29, 1995, or certified
9under s. 560.797 (4) (a),
2009 stats., for each zone for which the person is certified
10or entitled the person may claim as a credit against taxes otherwise due under this
11subchapter an amount equal to 7.5% of the amount that the person expends to
12remove or contain environmental pollution, as defined in s. 299.01 (4), in the zone or
13to restore soil or groundwater that is affected by environmental pollution, as defined
14in s. 299.01 (4), in the zone if the person fulfills all of the following requirements:
AB40-ASA1,829,2016
71.47
(1de) (a) 1. Begins the work, other than planning and investigating, for
17which the credit is claimed after the area that includes the site where the work is
18done is designated a development zone under s. 560.71
, 2009 stats., or an enterprise
19development zone under s. 560.797
, 2009 stats., and after the claimant is certified
20under s. 560.765 (3)
, 2009 stats., or certified under s. 560.797 (4) (a)
, 2009 stats.
AB40-ASA1, s. 2019
21Section
2019. 71.47 (1di) (a) (intro.) of the statutes is amended to read:
AB40-ASA1,830,322
71.47
(1di) (a) (intro.) Except as provided in pars. (dm) and (f) and s. 73.03 (35),
23for any taxable year for which the person is entitled under s. 560.795 (3)
, 2009 stats., 24to claim tax benefits, any person may claim as a credit against taxes otherwise due
25under this chapter 2.5% of the purchase price of depreciable, tangible personal
1property, or 1.75% of the purchase price of depreciable, tangible personal property
2that is expensed under section
179 of the internal revenue code for purposes of the
3taxes under this chapter, except that:
AB40-ASA1,830,105
71.47
(1di) (a) 1. The investment must be in property that is purchased after
6the person is entitled under s. 560.795 (3)
, 2009 stats., to claim tax benefits and that
7is used for at least 50% of its use in the conduct of the person's business operations
8at a location in a development zone under subch. VI of ch. 560
, 2009 stats., or, if the
9property is mobile, the base of operations of the property for at least 50% of its use
10must be a location in a development zone.
AB40-ASA1,830,1912
71.47
(1di) (b) 2. If the claimant is located on an Indian reservation, as defined
13in s. 560.86 (5),
2009 stats., and is an American Indian, as defined in s. 560.86 (1),
142009 stats., an Indian business, as defined in s. 560.86 (4),
2009 stats., or a tribal
15enterprise, as defined in s. 71.07 (2di) (b) 2., and if the allowable amount of the credit
16under this subsection exceeds the taxes otherwise due under this chapter on or
17measured by the claimant's income, the amount of the credit not used as an offset
18against those taxes shall be certified to the department of administration for
19payment to the claimant by check, share draft or other draft.
AB40-ASA1,831,1221
71.47
(1di) (b) 3. Partnerships, limited liability companies and tax-option
22corporations may not claim the credit under this subsection, but the eligibility for,
23and amount of, that credit shall be determined on the basis of their economic activity,
24not that of their shareholders, partners or members. The corporation, partnership
25or limited liability company shall compute the amount of the credit that may be
1claimed by each of its shareholders, partners or members and shall provide that
2information to each of its shareholders, partners or members. Partners, members
3of limited liability companies and shareholders of tax-option corporations may claim
4the credit based on the partnership's, company's or corporation's activities in
5proportion to their ownership interest and may offset it against the tax attributable
6to their income from the partnership's, company's or corporation's business
7operations in the development zone; except that a claimant in a development zone
8under s. 560.795 (1) (e)
, 2009 stats., may offset the credit, including any credits
9carried over, against the amount of the tax otherwise due under this chapter
10attributable to all of the claimant's income; and against the tax attributable to their
11income from the partnership's, company's or corporation's directly related business
12operations.
AB40-ASA1,831,1514
71.47
(1di) (d) 1. A copy of a verification from the department of commerce that
15the claimant may claim tax benefits under s. 560.795 (3)
, 2009 stats.
AB40-ASA1,831,2317
71.47
(1di) (f) If a person who is entitled under s. 560.795 (3)
, 2009 stats., to
18claim tax benefits becomes ineligible for such tax benefits, that person may claim no
19credits under this subsection for the taxable year that includes the day on which the
20person becomes ineligible for tax benefits or succeeding taxable years and that
21person may carry over no unused credits from previous years to offset tax under this
22chapter for the taxable year that includes the day on which the person becomes
23ineligible for tax benefits or succeeding taxable years.
AB40-ASA1,832,5
171.47
(1di) (g) If a person who is entitled under s. 560.795 (3)
, 2009 stats., to
2claim tax benefits ceases business operations in the development zone during any of
3the taxable years that that zone exists, that person may not carry over to any taxable
4year following the year during which operations cease any unused credits from the
5taxable year during which operations cease or from previous taxable years.
AB40-ASA1, s. 2026
6Section
2026. 71.47 (1dj) (am) (intro.) of the statutes is amended to read:
AB40-ASA1,832,107
71.47
(1dj) (am) (intro.) Except as provided under par. (f) or s. 73.03 (35), for
8any taxable year for which the person is certified under s. 560.765 (3)
, 2009 stats., 9for tax benefits, any person may claim as a credit against taxes otherwise due under
10this chapter an amount calculated as follows:
AB40-ASA1, s. 2027
11Section
2027. 71.47 (1dj) (am) 4. a. of the statutes is amended to read:
AB40-ASA1,832,1812
71.47
(1dj) (am) 4. a. If certified under s. 560.765 (3)
, 2009 stats., for tax
13benefits before January 1, 1992, modify "qualified wages" as defined in section
51 (b)
14of the internal revenue code to exclude wages paid before the claimant is certified for
15tax benefits and to exclude wages that are paid to employees for work at any location
16that is not in a development zone under subch. VI of ch. 560
, 2009 stats. For purposes
17of this subd. 4. a., mobile employees work at their base of operations and leased or
18rented employees work at the location where they perform services.
AB40-ASA1, s. 2028
19Section
2028. 71.47 (1dj) (am) 4. b. of the statutes is amended to read:
AB40-ASA1,833,220
71.47
(1dj) (am) 4. b. If certified under s. 560.765 (3)
, 2009 stats., for tax
21benefits after December 31, 1991, modify "qualified wages" as defined in section
51 22(b) of the internal revenue code to exclude wages paid before the claimant is certified
23for tax benefits and to exclude wages that are paid to employees for work at any
24location that is not in a development zone under subch. VI of ch. 560
, 2009 stats. For
1purposes of this subd. 4. b., mobile employees and leased or rented employees work
2at their base of operations.
AB40-ASA1, s. 2029
3Section
2029. 71.47 (1dj) (am) 4c. of the statutes is amended to read:
AB40-ASA1,833,84
71.47
(1dj) (am) 4c. Modify the rule for ineligible individuals under section
51 5(i) (1) of the internal revenue code to allow credit for the wages of related individuals
6paid by an Indian business, as defined in s. 560.86 (4),
2009 stats., or a tribal
7enterprise, as defined in s. 71.07 (2di) (b) 2., if the Indian business or tribal enterprise
8is located in a development zone designated under s. 560.71 (3) (c) 2.
, 2009 stats.
AB40-ASA1, s. 2030
9Section
2030. 71.47 (1dj) (am) 4t. of the statutes is amended to read:
AB40-ASA1,833,1610
71.47
(1dj) (am) 4t. If certified under s. 560.765 (3)
, 2009 stats., for tax benefits
11before January 1, 1992, modify section
51 (i) (3) of the internal revenue code so that
12for leased or rented employees, except employees of a leasing agency certified for tax
13benefits who perform services directly for the agency in a development zone, the
14minimum employment periods apply to the time that they perform services in a
15development zone for a single lessee or renter, not to their employment by the leasing
16agency.
AB40-ASA1,833,1918
71.47
(1dj) (e) 1. A copy of the claimant's certification for tax benefits under s.
19560.765 (3)
, 2009 stats.
AB40-ASA1, s. 2032
20Section
2032. 71.47 (1dj) (e) 3. a. of the statutes is amended to read:
AB40-ASA1,833,2521
71.47
(1dj) (e) 3. a. If certified under s. 560.765 (3)
, 2009 stats., for tax benefits
22before January 1, 1992, a statement from the department of commerce verifying the
23amount of qualifying wages and verifying that the employees were hired for work
24only in a development zone or are mobile employees whose base of operations is in
25a development zone.
AB40-ASA1, s. 2033
1Section
2033. 71.47 (1dj) (e) 3. b. of the statutes is amended to read:
AB40-ASA1,834,62
71.47
(1dj) (e) 3. b. If certified under s. 560.765 (3)
, 2009 stats., for tax benefits
3after December 31, 1991, a statement from the department of commerce verifying the
4amount of qualifying wages and verifying that the employees were hired for work
5only in a development zone or are mobile employees or leased or rented employees
6whose base of operations is in a development zone.
AB40-ASA1,834,138
71.47
(1dL) (a) Except as provided in pars. (ag), (ar), (bm) and (f) and s. 73.03
9(35), for any taxable year for which the person is certified under s. 560.765 (3)
, 2009
10stats., for tax benefits, any person may claim as a credit against taxes otherwise due
11under this subchapter an amount equal to 2.5% of the amount expended by that
12person to acquire, construct, rehabilitate or repair real property in a development
13zone under subch. VI of ch. 560
, 2009 stats.
AB40-ASA1,834,2415
71.47
(1dL) (ag) If the credit under par. (a) is claimed for an amount expended
16to construct, rehabilitate, remodel or repair property, the claimant must have begun
17the physical work of construction, rehabilitation, remodeling or repair, or any
18demolition or destruction in preparation for the physical work, after the place where
19the property is located was designated a development zone under s. 560.71
, 2009
20stats., and the completed project must be placed in service after the claimant is
21certified for tax benefits under s. 560.765 (3)
, 2009 stats. In this paragraph, "physical
22work" does not include preliminary activities such as planning, designing, securing
23financing, researching, developing specifications or stabilizing the property to
24prevent deterioration.
AB40-ASA1,835,10
171.47
(1dL) (ar) If the credit under par. (a) is claimed for an amount expended
2to acquire property, the property must have been acquired by the claimant after the
3place where the property is located was designated a development zone under s.
4560.71
, 2009 stats., and the completed project must be placed in service after the
5claimant is certified for tax benefits under s. 560.765 (3)
, 2009 stats., and the
6property must not have been previously owned by the claimant or a related person
7during the 2 years prior to the designation of the development zone under s. 560.71
,
82009 stats. No credit is allowed for an amount expended to acquire property until
9the property, either in its original state as acquired by the claimant or as
10subsequently constructed, rehabilitated, remodeled or repaired, is placed in service.
AB40-ASA1,835,1812
71.47
(1dL) (bm) In calculating the credit under par. (a) a claimant shall reduce
13the amount expended to acquire property by a percentage equal to the percentage of
14the area of the real property not used for the purposes for which the claimant is
15certified to claim tax benefits under s. 560.765 (3)
, 2009 stats., and shall reduce the
16amount expended for other purposes by the amount expended on the part of the
17property not used for the purposes for which the claimant is certified to claim tax
18benefits under s. 560.765 (3)
, 2009 stats.
AB40-ASA1,836,220
71.47
(1dL) (c) If the claimant is located on an Indian reservation, as defined
21in s. 560.86 (5),
2009 stats., and is an American Indian, as defined in s. 560.86 (1),
222009 stats., an Indian business, as defined in s. 560.86 (4),
2009 stats., or a tribal
23enterprise, as defined in s. 71.07 (2di) (b) 2., and if the allowable amount of the credit
24under par. (a) exceeds the taxes otherwise due under this chapter on or measured by
25the claimant's income, the amount of the credit not used as an offset against those
1taxes shall be certified to the department of administration for payment to the
2claimant by check, share draft or other draft.
AB40-ASA1,836,74
71.47
(1dm) (a) 1. "Certified" means entitled under s.
238.395 (3) (a) 4. or s. 5560.795 (3) (a) 4.
, 2009 stats., to claim tax benefits or certified under s.
238.395 (5),
6238.398 (3), or 238.3995 (4) or s. 560.795 (5),
2009 stats., s. 560.798 (3),
2009 stats., 7or
s. 560.7995 (4)
, 2009 stats.
AB40-ASA1,836,129
71.47
(1dm) (a) 3. "Development zone" means a development opportunity zone
10under s.
238.395 (1) (e) and (f) or 238.398 or s. 560.795 (1) (e) and (f)
, 2009 stats., or
11s. 560.798,
2009 stats., or an airport development zone under s.
238.3995 or s. 12560.7995
, 2009 stats.
AB40-ASA1,836,2214
71.47
(1dm) (a) 4. "Previously owned property" means real property that the
15claimant or a related person owned during the 2 years prior to the department of
16commerce
or the Wisconsin Economic Development Corporation designating the
17place where the property is located as a development zone and for which the claimant
18may not deduct a loss from the sale of the property to, or an exchange of the property
19with, the related person under section
267 of the Internal Revenue Code, except that
20section
267 (b) of the Internal Revenue Code is modified so that if the claimant owns
21any part of the property, rather than 50% ownership, the claimant is subject to
22section
267 (a) (1) of the Internal Revenue Code for purposes of this subsection.
AB40-ASA1,837,224
71.47
(1dm) (f) 1. A copy of
a
the verification
from the department of commerce 25that the claimant may claim tax benefits under s.
238.395 (3) (a) 4. or s. 560.795 (3)
1(a) 4.
, 2009 stats., or is certified under s.
238.395 (5), 238.398 (3), or 238.3995 (4) or
2s. 560.795 (5),
2009 stats., s. 560.798 (3),
2009 stats., or
s. 560.7995 (4)
, 2009 stats.
AB40-ASA1,837,74
71.47
(1dm) (f) 2. A statement from the department of commerce
or the
5Wisconsin Economic Development Corporation verifying the purchase price of the
6investment and verifying that the investment fulfills the requirements under par.
7(b).
AB40-ASA1,837,229
71.47
(1dm) (i) Partnerships, limited liability companies, and tax-option
10corporations may not claim the credit under this subsection, but the eligibility for,
11and the amount of, that credit shall be determined on the basis of their economic
12activity, not that of their shareholders, partners, or members. The corporation,
13partnership, or limited liability company shall compute the amount of credit that
14may be claimed by each of its shareholders, partners, or members and provide that
15information to its shareholders, partners, or members. Partners, members of limited
16liability companies, and shareholders of tax-option corporations may claim the
17credit based on the partnership's, company's, or corporation's activities in proportion
18to their ownership interest and may offset it against the tax attributable to their
19income from the partnership's, company's, or corporation's business operations in the
20development zone; except that partners, members, and shareholders in a
21development zone under s.
238.395 (1) (e) or s. 560.795 (1) (e)
, 2009 stats., may offset
22the credit against the amount of the tax attributable to their income.
AB40-ASA1,838,924
71.47
(1dm) (j) If a person who is entitled under s.
238.395 (3) (a) 4. or s. 560.795
25(3) (a) 4.
, 2009 stats., to claim tax benefits becomes ineligible for such tax benefits,
1or if a person's certification under s.
238.395 (5), 238.398 (3), or 238.3995 (4) or s. 2560.795 (5),
2009 stats., s. 560.798 (3),
2009 stats., or
s. 560.7995 (4)
, 2009 stats., is
3revoked, that person may claim no credits under this subsection for the taxable year
4that includes the day on which the person becomes ineligible for tax benefits, the
5taxable year that includes the day on which the certification is revoked, or succeeding
6taxable years, and that person may carry over no unused credits from previous years
7to offset tax under this chapter for the taxable year that includes the day on which
8the person becomes ineligible for tax benefits, the taxable year that includes the day
9on which the certification is revoked, or succeeding taxable years.
AB40-ASA1,838,1811
71.47
(1dm) (k) If a person who is entitled under s.
238.395 (3) (a) 4. or s. 12560.795 (3) (a) 4.
, 2009 stats., to claim tax benefits or certified under s.
238.395 (5),
13238.398 (3), or 238.3995 (4) or s. 560.795 (5),
2009 stats., s. 560.798 (3),
2009 stats., 14or
s. 560.7995 (4)
, 2009 stats., ceases business operations in the development zone
15during any of the taxable years that that zone exists, that person may not carry over
16to any taxable year following the year during which operations cease any unused
17credits from the taxable year during which operations cease or from previous taxable
18years.
AB40-ASA1,838,2120
71.47
(1ds) (a) 1. "Development zone" means a zone designated under s. 560.71
,
212009 stats.
AB40-ASA1,839,1123
71.47
(1ds) (b) Except as provided in pars. (dm) and (e) and s. 73.03 (35), for
24any taxable year for which the person is certified under s. 560.765 (3)
, 2009 stats., 25for tax benefits, any person may claim as a credit against taxes otherwise due under
1this chapter the taxes paid under subchs. III and V of ch. 77 on their purchases, leases
2and rentals of eligible property. Partnerships, limited liability companies and
3tax-option corporations may not claim the credit under this subsection but the
4eligibility for, and the amount of, that credit shall be determined on the basis of their
5economic activity, not that of their partners, members or shareholders. The
6partnership, limited liability company or corporation shall compute the amount of
7the credit that may be claimed by each of its partners, members or shareholders and
8shall provide that information to each of its partners, members or shareholders.
9Partners, members of limited liability companies and shareholders of tax-option
10corporations may claim the credit based on the partnership's, company's or
11corporation's activities in proportion to their ownership interest.
AB40-ASA1,839,1413
71.47
(1ds) (d) 1. A copy of the claimant's certification for tax benefits under
14s. 560.765 (3)
, 2009 stats.
AB40-ASA1,839,2116
71.47
(1dx) (a) 2. "Development zone" means a development zone under s.
17238.30 or s. 560.70,
2009 stats., a development opportunity zone under s.
238.395 or
18s. 560.795
, 2009 stats., or an enterprise development zone under s.
238.397 or s. 19560.797,
2009 stats., an agricultural development zone under s.
238.398 or s. 20560.798,
2009 stats., or an airport development zone under s.
238.3995 or s. 21560.7995
, 2009 stats.
AB40-ASA1, s. 2052
22Section
2052. 71.47 (1dx) (b) (intro.) of the statutes is amended to read:
AB40-ASA1,840,423
71.47
(1dx) (b)
Credit. (intro.) Except as provided in pars. (be) and (bg) and
24in s. 73.03 (35), and subject to s.
238.385 or s. 560.785,
2009 stats., for any taxable
25year for which the person is entitled under s.
238.395 (3) or s. 560.795 (3)
, 2009 stats.,
1to claim tax benefits or certified under s.
238.365 (3), 238.397 (4), 238.398 (3), or
2238.3995 (4) or s. 560.765 (3),
2009 stats., s. 560.797 (4),
2009 stats., s. 560.798 (3),
32009 stats., or
s. 560.7995 (4),
2009 stats., any person may claim as a credit against
4the taxes otherwise due under this chapter the following amounts:
AB40-ASA1,840,106
71.47
(1dx) (b) 2. The amount determined by multiplying the amount
7determined under s.
238.385 (1) (b) or s. 560.785 (1) (b)
, 2009 stats., by the number
8of full-time jobs created in a development zone and filled by a member of a targeted
9group and by then subtracting the subsidies paid under s. 49.147 (3) (a) or the
10subsidies and reimbursements paid under s. 49.147 (3m) (c) for those jobs.
