AB40-ASA1,736,129 71.07 (5g) (a) Definitions. In this subsection, "claimant" means a partner,
10limited liability company member, or tax-option corporation shareholder who files
11a claim under this subsection and who is a partner, member, or shareholder of an
12entity that is an insurer, as defined in s. 149.10 (5), 2011 stats.
AB40-ASA1,1344dh 13Section 1344dh. 71.07 (5g) (b) of the statutes is amended to read:
AB40-ASA1,736,1914 71.07 (5g) (b) Filing claims. Subject to the limitations provided under this
15subsection, for taxable years beginning after December 31, 2005, and before January
161, 2014,
a claimant may claim as a credit against the taxes imposed under s. 71.02
17an amount that is equal to the amount of the assessment under s. 149.13 , 2011 stats.,
18that the claimant paid in the claimant's taxable year, multiplied by the percentage
19determined under par. (c) 1.
AB40-ASA1,1344e 20Section 1344e. 71.07 (5g) (c) 1. of the statutes is amended to read:
AB40-ASA1,737,521 71.07 (5g) (c) 1. The department of revenue, in consultation with the office of
22the commissioner of insurance, shall determine the percentage under par. (b) for
23each claimant for each taxable year. The percentage shall be equal to $5,000,000
24divided by the aggregate assessment under s. 149.13, 2011 stats. The office of the
25commissioner of insurance shall provide to each claimant that participates in the

1cost of administering the plan the aggregate assessment at the time that it notifies
2the claimant of the claimant's assessment. The aggregate amount of the credit under
3this subsection and ss. 71.28 (5g), 71.47 (5g), and 76.655 for all claimants
4participating in the cost of administering the plan under ch. 149, 2011 stats., shall
5not exceed $5,000,000 in each fiscal year.
AB40-ASA1,1344em 6Section 1344em. 71.07 (5g) (d) of the statutes is renumbered 71.07 (5g) (d) 1.
AB40-ASA1,1344f 7Section 1344f. 71.07 (5g) (d) 2. of the statutes is created to read:
AB40-ASA1,737,118 71.07 (5g) (d) 2. No credit may be claimed under this subsection for taxable
9years beginning after December 31, 2013. Credits under this subsection for taxable
10years that begin before January 1, 2014, may be carried forward to taxable years that
11begin after December 31, 2013.
AB40-ASA1,1344g 12Section 1344g. 71.07 (5h) (d) 3. of the statutes is created to read:
AB40-ASA1,737,1413 71.07 (5h) (d) 3. No credit may be claimed under this subsection for taxable
14years beginning after December 31, 2013.
AB40-ASA1,1345 15Section 1345. 71.07 (5i) (b) of the statutes is amended to read:
AB40-ASA1,737,2216 71.07 (5i) (b) Filing claims. Subject to the limitations provided in this
17subsection, for taxable years beginning after December 31, 2011, and before January
181, 2014,
a claimant may claim as a credit against the taxes imposed under ss. 71.02
19and 71.08, up to the amount of those taxes, an amount equal to 50 percent of the
20amount the claimant paid in the taxable year for information technology hardware
21or software that is used to maintain medical records in electronic form, if the
22claimant is a health care provider, as defined in s. 146.81 (1) (a) to (p).
AB40-ASA1,1345b 23Section 1345b. 71.07 (5j) (b) of the statutes is amended to read:
AB40-ASA1,738,824 71.07 (5j) (b) Filing claims. Subject to the limitations provided in this
25subsection, for taxable years beginning after December 31, 2007, and before January

11, 2018 2014, a claimant may claim as a credit against the taxes imposed under ss.
271.02 and 71.08, up to the amount of the taxes, an amount that is equal to 25 percent
3of the amount that the claimant paid in the taxable year to install or retrofit pumps
4located in this state that dispense motor vehicle fuel marketed as gasoline and 85
5percent ethanol or a higher percentage of ethanol or motor vehicle fuel marketed as
6diesel fuel and 20 percent biodiesel fuel or that mix fuels from separate storage tanks
7and allow the end user to choose the percentage of gasoline replacement renewable
8fuel or diesel replacement renewable fuel in the motor vehicle fuel dispensed.
AB40-ASA1,1345d 9Section 1345d. 71.07 (5j) (d) of the statutes is renumbered 71.07 (5j) (d) 1.
AB40-ASA1,1345e 10Section 1345e. 71.07 (5j) (d) 2. of the statutes is created to read:
AB40-ASA1,738,1411 71.07 (5j) (d) 2. No credit may be claimed under this subsection for taxable
12years beginning after December 31, 2013. Credits under this subsection for taxable
13years that begin before January 1, 2014, may be carried forward to taxable years that
14begin after December 31, 2013.
AB40-ASA1,1345g 15Section 1345g. 71.07 (5n) (a) 8. g. of the statutes is created to read:
AB40-ASA1,738,1716 71.07 (5n) (a) 8. g. Income from aging natural cheese on behalf of others, as
17described under s. 70.995 (3) (b).
AB40-ASA1,1345h 18Section 1345h. 71.07 (5n) (a) 9. a. of the statutes is amended to read:
AB40-ASA1,738,2219 71.07 (5n) (a) 9. a. Tangible personal property manufactured in whole or in part
20by the claimant on property that is assessed as manufacturing property under s.
2170.995, not including natural cheese aged on behalf of others, as described under s.
2270.995 (3) (b)
.
AB40-ASA1,1345hf 23Section 1345hf. 71.07 (5n) (c) of the statutes is renumbered 71.07 (5n) (c) 1.
AB40-ASA1,1345hm 24Section 1345hm. 71.07 (5n) (c) 2. of the statutes is created to read:
AB40-ASA1,739,3
171.07 (5n) (c) 2. The credit under par. (b), including any credits carried over,
2may be offset only against the amount of the tax imposed upon or measured by the
3business operations of the claimant on which the credit is computed.
AB40-ASA1,1345i 4Section 1345i. 71.07 (5n) (c) 3. of the statutes is created to read:
AB40-ASA1,739,75 71.07 (5n) (c) 3. For shareholders of a tax-option corporation, the credit may
6be offset only against the tax imposed on the shareholder's prorated share of the
7tax-option corporation's income.
AB40-ASA1,1345j 8Section 1345j. 71.07 (5n) (c) 4. of the statutes is created to read:
AB40-ASA1,739,109 71.07 (5n) (c) 4. For partners of a partnership, the credit may be offset only
10against the tax imposed on the partner's distributive share of partnership income.
AB40-ASA1,1345k 11Section 1345k. 71.07 (5n) (c) 5. of the statutes is created to read:
AB40-ASA1,739,1412 71.07 (5n) (c) 5. For members of a limited liability company, the credit may be
13offset only against the tax imposed on the member's distributive share of the limited
14liability company's income.
AB40-ASA1,1347b 15Section 1347b. 71.07 (5r) (d) of the statutes is renumbered 71.07 (5r) (d) 1.
AB40-ASA1,1347c 16Section 1347c. 71.07 (5r) (d) 2. of the statutes is created to read:
AB40-ASA1,739,2017 71.07 (5r) (d) 2. No credit may be claimed under this subsection for taxable
18years beginning after December 31, 2013. Credits under this subsection for taxable
19years that begin before January 1, 2014, may be carried forward to taxable years that
20begin after December 31, 2013.
AB40-ASA1,1347d 21Section 1347d. 71.07 (5rm) (b) (intro.) of the statutes is amended to read:
AB40-ASA1,740,222 71.07 (5rm) (b) Filing claims. (intro.) Subject to the limitations provided in
23this subsection, for taxable years beginning after December 31, 2009, and before
24January 1, 2020 2014, a claimant may claim as a credit against the tax imposed
25under s. 71.02, up to the amount of the tax, the amount determined as follows, except

1that the maximum amount that a claimant may claim in a taxable year under this
2subsection is $300,000:
AB40-ASA1,1347e 3Section 1347e. 71.07 (5rm) (d) of the statutes is renumbered 71.07 (5rm) (d)
41.
AB40-ASA1,1347f 5Section 1347f. 71.07 (5rm) (d) 2. of the statutes is created to read:
AB40-ASA1,740,96 71.07 (5rm) (d) 2. No credit may be claimed under this subsection for taxable
7years beginning after December 31, 2013. Credits under this subsection for taxable
8years that begin before January 1, 2014, may be carried forward to taxable years that
9begin after December 31, 2013.
AB40-ASA1,1348 10Section 1348. 71.07 (6e) (a) 2. d. of the statutes is created to read:
AB40-ASA1,740,1811 71.07 (6e) (a) 2. d. An individual who had served on active duty under
12honorable conditions in the U.S. armed forces or in forces incorporated as part of the
13U.S. armed forces; who was a resident of this state at the time of entry into that active
14service or who had been a resident of this state for any consecutive 5-year period
15after entry into that active duty service; who was a resident of this state at the time
16of his or her death; and following the individual's death, his or her spouse began to
17receive, and continues to receive, dependency and indemnity compensation, as
18defined in 38 USC 101 (14).
AB40-ASA1,1348b 19Section 1348b. 71.07 (6e) (b) of the statutes is amended to read:
AB40-ASA1,741,220 71.07 (6e) (b) Filing claims. Subject to the limitations provided in this
21subsection, a claimant may claim as a credit against the tax imposed under s. 71.02
22the an amount of the claimant's property taxes equal to all or part of the claimant's
23property taxes, as calculated under par. (bm)
. If the allowable amount of the claim
24exceeds the income taxes otherwise due on the claimant's income, the amount of the
25claim not used as an offset against those taxes shall be certified by the department

1of revenue to the department of administration for payment to the claimant by check,
2share draft, or other draft from the appropriation under s. 20.835 (2) (em).
AB40-ASA1,1348be 3Section 1348be. 71.07 (6e) (bm) of the statutes is created to read:
AB40-ASA1,741,64 71.07 (6e) (bm) Calculation. 1. If the claimant is single and his or her adjusted
5gross income is less than $50,000 in the year to which the claim relates, the amount
6of the claimant's property taxes.
AB40-ASA1,741,97 2. If the claimant is single and his or her adjusted gross income is at least
8$50,000 but less than $100,000 in the year to which the claim relates, an amount that
9is calculated as follows:
AB40-ASA1,741,1210 a. Calculate the value of a fraction, the denominator of which is $50,000 and
11the numerator of which is the difference between the claimant's adjusted gross
12income and $50,000.
AB40-ASA1,741,1313 b. Subtract from 1.0 the amount that is calculated under subd. 2. a.
AB40-ASA1,741,1514 c. Multiply the amount of the claimant's property taxes by the amount that is
15calculated under subd. 2. b.
AB40-ASA1,741,1816 3. If the claimant is filing as a head of household and his or her adjusted gross
17income is less than $60,000 in the year to which the claim relates, the amount of the
18claimant's property taxes.
AB40-ASA1,741,2119 4. If the claimant is filing as a head of household and his or her adjusted gross
20income is at least $60,000 but less than $120,000 in the year to which the claim
21relates, an amount that is calculated as follows:
AB40-ASA1,741,2422 a. Calculate the value of a fraction, the denominator of which is $60,000 and
23the numerator of which is the difference between the claimant's adjusted gross
24income and $60,000.
AB40-ASA1,741,2525 b. Subtract from 1.0 the amount that is calculated under subd. 4. a.
AB40-ASA1,742,2
1c. Multiply the amount of the claimant's property taxes by the amount that is
2calculated under subd. 4. b.
AB40-ASA1,742,63 5. If the claimant is married and filing jointly and the sum of the claimant's
4adjusted gross income and his or her spouse's adjusted gross income is less than
5$75,000 in the year to which the claim relates, the amount of the claimant's property
6taxes.
AB40-ASA1,742,107 6. If the claimant is married and filing jointly and the sum of the claimant's
8adjusted gross income and his or her spouse's adjusted gross income is at least
9$75,000 but less than $150,000 in the year to which the claim relates, an amount that
10is calculated as follows:
AB40-ASA1,742,1311 a. Calculate the value of a fraction, the denominator of which is $75,000 and
12the numerator of which is the difference between the claimant's adjusted gross
13income and $75,000.
AB40-ASA1,742,1414 b. Subtract from 1.0 the amount that is calculated under subd. 6. a.
AB40-ASA1,742,1615 c. Multiply the amount of the claimant's property taxes by the amount that is
16calculated under subd. 6. b.
AB40-ASA1,742,1917 7. If the claimant is married and filing separately and his or her adjusted gross
18income is less than $37,500 in the year to which the claim relates, the amount of the
19claimant's property taxes.
AB40-ASA1,742,2220 8. If the claimant is married and filing separately and his or her adjusted gross
21income is at least $37,500 but less than $75,000 in the year to which the claim relates,
22an amount that is calculated as follows:
AB40-ASA1,742,2523 a. Calculate the value of a fraction, the denominator of which is $37,500 and
24the numerator of which is the difference between the claimant's adjusted gross
25income and $37,500.
AB40-ASA1,743,1
1b. Subtract from 1.0 the amount that is calculated under subd. 8. a.
AB40-ASA1,743,32 c. Multiply the amount of the claimant's property taxes by the amount that is
3calculated under subd. 8. b.
AB40-ASA1,1348bh 4Section 1348bh. 71.07 (6e) (c) 4. of the statutes is created to read:
AB40-ASA1,743,75 71.07 (6e) (c) 4. In making the calculation under par. (bm), the amount of the
6claimant's property taxes that may be used is the lesser of the actual amount of the
7claimant's property taxes or $2,500.
AB40-ASA1,1348bj 8Section 1348bj. 71.07 (6e) (c) 5. of the statutes is created to read:
AB40-ASA1,743,109 71.07 (6e) (c) 5. A claimant may not claim the credit under this subsection if
10any of the following apply:
AB40-ASA1,743,1211 a. The claimant is single and his or her adjusted gross income in the year to
12which his or her claim would relate is at least $100,000.
AB40-ASA1,743,1413 b. The claimant is filing as a head of household and his or her adjusted gross
14income in the year to which his or her claim would relate is at least $120,000.
AB40-ASA1,743,1715 c. The claimant is married and filing jointly and the sum of the claimant's
16adjusted gross income and his or her spouse's adjusted gross income is at least
17$150,000.
AB40-ASA1,743,1918 d. The claimant is married and filing separately and his or her adjusted gross
19income is at least $75,000.
AB40-ASA1,1348bn 20Section 1348bn. 71.07 (6n) (d) of the statutes is renumbered 71.07 (6n) (d) 1.
AB40-ASA1,1348c 21Section 1348c. 71.07 (6n) (d) 2. of the statutes is created to read:
AB40-ASA1,743,2522 71.07 (6n) (d) 2. No credit may be claimed under this subsection for taxable
23years beginning after December 31, 2012. Credits under this subsection for taxable
24years that begin before January 1, 2013, may be carried forward to taxable years that
25begin after December 31, 2012.
AB40-ASA1,1348d
1Section 1348d. 71.07 (8r) (d) of the statutes is renumbered 71.07 (8r) (d) 1.
AB40-ASA1,1348e 2Section 1348e. 71.07 (8r) (d) 2. of the statutes is created to read:
AB40-ASA1,744,43 71.07 (8r) (d) 2. No credit may be claimed under this subsection for taxable
4years beginning after December 31, 2013.
AB40-ASA1,1348eb 5Section 1348eb. 71.07 (9m) (a) of the statutes is renumbered 71.07 (9m) (a)
6(intro.) and amended to read:
AB40-ASA1,744,137 71.07 (9m) (a) (intro.) Any person may credit against taxes otherwise due
8under this chapter, up to the amount of those taxes, an amount equal to 5% one of
9the following percentages
of the costs of qualified rehabilitation expenditures, as
10defined in section 47 (c) (2) of the internal revenue code Internal Revenue Code, for
11certified historic structures on property located in this state if the physical work of
12construction or destruction in preparation for construction begins after December
1331, 1988, and the rehabilitated property is placed in service after June 30, 1989.:
AB40-ASA1,1348ec 14Section 1348ec. 71.07 (9m) (a) 1. of the statutes is created to read:
AB40-ASA1,744,1515 71.07 (9m) (a) 1. For taxable years beginning before January 1, 2013, 5 percent.
AB40-ASA1,1348ef 16Section 1348ef. 71.07 (9m) (a) 2. of the statutes is created to read:
AB40-ASA1,744,1817 71.07 (9m) (a) 2. For taxable years beginning after December 31, 2012, 10
18percent.
AB40-ASA1,1348f 19Section 1348f. 71.07 (10) of the statutes is repealed.
AB40-ASA1,1348h 20Section 1348h. 71.10 (4) (er) of the statutes is created to read:
AB40-ASA1,744,2121 71.10 (4) (er) Research credit under s. 71.07 (4k).
AB40-ASA1,1348j 22Section 1348j. 71.10 (4) (eu) of the statutes is created to read:
AB40-ASA1,744,2323 71.10 (4) (eu) Research facilities credit under s. 71.07 (4n).
AB40-ASA1,1349 24Section 1349. 71.10 (5k) (i) of the statutes is amended to read:
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