SB21-SSA1,2124d 22Section 2124d. 71.05 (6) (b) 47m. of the statutes is amended to read:
SB21-SSA1,663,1723 71.05 (6) (b) 47m. An amount equal to the increase in the number of full-time
24equivalent employees employed by the taxpayer in this state during the taxable year,
25multiplied by $4,000 for a business with gross receipts of no greater than $5,000,000

1in the taxable year or $2,000 for a business with gross receipts greater than
2$5,000,000 in the taxable year. For purposes of this subdivision, the increase in the
3number of full-time equivalent employees employed by the taxpayer in this state
4during the taxable year is determined by subtracting from the number of full-time
5equivalent employees employed by the taxpayer in this state during the taxable year,
6as determined by computing the average employee count from the taxpayer's
7quarterly unemployment insurance reports or other information as required by the
8department for the taxable year, the number of full-time equivalent employees
9employed by the taxpayer in this state during the immediately preceding taxable
10year, as determined by computing the average employee count from the taxpayer's
11quarterly unemployment insurance reports or other information as required by the
12department for the immediately preceding taxable year. No person may claim a
13deduction under this subdivision if the person may claim a deduction under this
14subchapter based on the person relocating the person's business from another state
15to this state and in an amount equal to the person's tax liability. No person may claim
16a deduction under this subdivision for taxable years beginning after December 31,
172014.
The department shall promulgate rules to administer this subdivision.
SB21-SSA1,2124e 18Section 2124e. 71.05 (6) (b) 52. of the statutes is created to read:
SB21-SSA1,663,2219 71.05 (6) (b) 52. Subject to the limits under s. 16.643 (3) (c) 1. and 2., any amount
20that is deposited by an account owner or any other person into an account described
21under s. 16.643, and any interest, dividends, or other gain that accrues in the account
22if the interest, dividends, or other gain is redeposited into the account.
SB21-SSA1,2124s 23Section 2124s. 71.05 (22) (dp) of the statutes is renumbered 71.05 (22) (dp) 1.
24and amended to read:
SB21-SSA1,665,5
171.05 (22) (dp) 1. Deduction limits, 2000 and thereafter. Except as provided in
2par. (f), and subject to subd. 2., for taxable years beginning after December 31, 1999,
3the Wisconsin standard deduction is whichever of the following amounts is
4appropriate. For a single individual who has a Wisconsin adjusted gross income of
5less than $10,380, the standard deduction is $7,200. For a single individual who has
6a Wisconsin adjusted gross income of at least $10,380, the standard deduction is the
7amount obtained by subtracting from $7,200 12% of Wisconsin adjusted gross income
8in excess of $10,380 but not less than $0. For a head of household who has a
9Wisconsin adjusted gross income of less than $10,380, the standard deduction is
10$9,300. For a head of household who has a Wisconsin adjusted gross income of at
11least $10,380, the standard deduction is the amount obtained by subtracting from
12$9,300 22.515% of Wisconsin adjusted gross income in excess of $10,380, but not less
13than $0, until the adjusted gross income amount at which the standard deduction is
14equal to the standard deduction for a single individual at the same adjusted gross
15income amount. For a head of household who has a Wisconsin adjusted gross income
16of more than this amount, the standard deduction shall be calculated as if the head
17of household were a single individual. For a married couple filing jointly that has
18an aggregate Wisconsin adjusted gross income of less than $14,570, the standard
19deduction is $12,970. For a married couple filing jointly that has an aggregate
20Wisconsin adjusted gross income of at least $14,570, the standard deduction is the
21amount obtained by subtracting from $12,970 19.778% of aggregate Wisconsin
22adjusted gross income in excess of $14,570 but not less than $0. For a married
23individual filing separately who has a Wisconsin adjusted gross income of less than
24$6,920, the standard deduction is $6,160. For a married individual filing separately
25who has a Wisconsin adjusted gross income of at least $6,920, the standard deduction

1is the amount obtained by subtracting from $6,160 19.778% of Wisconsin adjusted
2gross income in excess of $6,920 but not less than $0. The secretary of revenue shall
3prepare a table under which deductions under this paragraph subdivision shall be
4determined. That table shall be published in the department's instructional
5booklets.
SB21-SSA1,2124sc 6Section 2124sc. 71.05 (22) (dp) 2. of the statutes is created to read:
SB21-SSA1,665,227 71.05 (22) (dp) 2. Except as provided in par. (f), for taxable years beginning
8after December 31, 2015, the Wisconsin standard deduction is whichever of the
9following amounts is appropriate. For a married couple filing jointly that has an
10aggregate Wisconsin adjusted gross income of less than $21,360, the standard
11deduction is $19,010. For a married couple filing jointly that has an aggregate
12Wisconsin adjusted gross income of at least $21,360, the standard deduction is the
13amount obtained by subtracting from $19,010 19.778 percent of aggregate Wisconsin
14adjusted gross income in excess of $21,360 but not less than $0. For a married
15individual filing separately who has a Wisconsin adjusted gross income of less than
16$10,140, the standard deduction is $9,030. For a married individual filing separately
17who has a Wisconsin adjusted gross income of at least $10,140, the standard
18deduction is the amount obtained by subtracting from $9,030 19.778 percent of
19Wisconsin adjusted gross income in excess of $10,140 but not less than $0. The
20secretary of revenue shall prepare a table under which deductions under this
21subdivision shall be determined. That table shall be published in the department's
22instructional booklets.
SB21-SSA1,2124se 23Section 2124se. 71.05 (22) (dt) of the statutes is amended to read:
SB21-SSA1,666,1624 71.05 (22) (dt) Standard deduction indexing, 2001 and thereafter. For taxable
25years beginning after December 31, 2000, the dollar amounts of the standard

1deduction that is allowable under par. (dp) and all of the dollar amounts of Wisconsin
2adjusted gross income under par. (dp) shall be increased each year by a percentage
3equal to the percentage change between the U.S. consumer price index for all urban
4consumers, U.S. city average, for the month of August of the previous year and the
5U.S. consumer price index for all urban consumers, U.S. city average, for the month
6of August 1999, as determined by the federal department of labor, except that for
7taxable years beginning after December 31, 2011, the adjustment may occur only if
8the resulting amount is greater than the corresponding amount that was calculated
9for the previous year, and except that the base year for the adjustments to the dollar
10amounts of the standard deduction and all of the dollar amounts of Wisconsin
11adjusted gross income under par. (dp) 2. shall be 2015
. Each amount that is revised
12under this paragraph shall be rounded to the nearest multiple of $10 if the revised
13amount is not a multiple of $10 or, if the revised amount is a multiple of $5, such an
14amount shall be increased to the next higher multiple of $10. The department of
15revenue shall annually adjust the changes in dollar amounts required under this
16paragraph and incorporate the changes into the income tax forms and instructions.
SB21-SSA1,2125 17Section 2125. 71.07 (2dd) of the statutes is repealed.
SB21-SSA1,2126 18Section 2126. 71.07 (2de) of the statutes is repealed.
SB21-SSA1,2127 19Section 2127. 71.07 (2di) of the statutes is repealed.
SB21-SSA1,2128 20Section 2128. 71.07 (2dj) of the statutes is repealed.
SB21-SSA1,2129 21Section 2129. 71.07 (2dL) of the statutes is repealed.
SB21-SSA1,2138 22Section 2138. 71.07 (2dr) of the statutes is repealed.
SB21-SSA1,2139 23Section 2139. 71.07 (2ds) of the statutes is repealed.
SB21-SSA1,2141 24Section 2141. 71.07 (2dx) (a) 3. of the statutes is amended to read:
SB21-SSA1,667,7
171.07 (2dx) (a) 3. "Environmental remediation" means removal or
2containment of environmental pollution, as defined in s. 299.01 (4), and restoration
3of soil or groundwater that is affected by environmental pollution, as defined in s.
4299.01 (4), in a brownfield if that removal, containment or restoration fulfills the
5requirement under sub. (2de) (a) 1., 2013 stats., and investigation unless the
6investigation determines that remediation is required and that remediation is not
7undertaken.
SB21-SSA1,2143 8Section 2143. 71.07 (2dx) (a) 5. of the statutes is amended to read:
SB21-SSA1,667,229 71.07 (2dx) (a) 5. "Member of a targeted group" means a person who resides
10in an area designated by the federal government as an economic revitalization area,
11a person who is employed in an unsubsidized job but meets the eligibility
12requirements under s. 49.145 (2) and (3) for a Wisconsin Works employment position,
13a person who is employed in a trial job, as defined in s. 49.141 (1) (n), 2011 stats., or
14in a trial employment match program job, as defined in s. 49.141 (1) (n), a person who
15is eligible for child care assistance under s. 49.155, a person who is a vocational
16rehabilitation referral, an economically disadvantaged youth, an economically
17disadvantaged veteran, a supplemental security income recipient, a general
18assistance recipient, an economically disadvantaged ex-convict, a qualified summer
19youth employee, as defined in 26 USC 51 (d) (7), a dislocated worker, as defined in
2029 USC 2801 (9), or a food stamp recipient, if the person has been certified in the
21manner under sub. (2dj) (am) 3., 2013 stats, by a designated local agency, as defined
22in sub. (2dj) (am) 2., 2013 stats.
SB21-SSA1,2144b 23Section 2144b. 71.07 (2dx) (b) 4. of the statutes is amended to read:
SB21-SSA1,668,524 71.07 (2dx) (b) 4. The amount determined by multiplying the amount
25determined under s. 238.385 (1) (bm) or s. 560.785 (1) (bm), 2009 stats., by the

1number of full-time jobs retained, as provided in the rules under s. 238.385 or s.
2560.785, 2009 stats., excluding jobs for which a credit has been claimed under sub.
3(2dj),
in an enterprise development zone under s. 238.397 or s. 560.797, 2009 stats.,
4and for which significant capital investment was made and by then subtracting the
5subsidies paid under s. 49.147 (3) (a) for those jobs.
SB21-SSA1,2144c 6Section 2144c. 71.07 (2dx) (b) 5. of the statutes is amended to read:
SB21-SSA1,668,127 71.07 (2dx) (b) 5. The amount determined by multiplying the amount
8determined under s. 238.385 (1) (c) or s. 560.785 (1) (c), 2009 stats., by the number
9of full-time jobs retained, as provided in the rules under s. 238.385 or s. 560.785,
102009 stats., excluding jobs for which a credit has been claimed under sub. (2dj), in
11a development zone and not filled by a member of a targeted group and by then
12subtracting the subsidies paid under s. 49.147 (3) (a) for those jobs.
SB21-SSA1,2149 13Section 2149. 71.07 (2dx) (e) of the statutes is renumbered 71.07 (2dx) (e) 1.
14and amended to read:
SB21-SSA1,668,1915 71.07 (2dx) (e) 1. Section 71.28 (4) (e) to (h), as it applies to the credit under
16s. 71.28 (4), applies to the credit under this subsection. Subsection (2dj) (c), as it
17applies to the credit under sub. (2dj), applies to the credit under this subsection.

18Claimants shall include with their returns a copy of their certification for tax benefits
19and a copy of the department of commerce's verification of their expenses.
SB21-SSA1,2150 20Section 2150. 71.07 (2dx) (e) 2. of the statutes is created to read:
SB21-SSA1,669,421 71.07 (2dx) (e) 2. The credit under this subsection may not be claimed by
22partnerships, limited liability companies and tax-option corporations but the
23eligibility for, and the amount of, that credit shall be determined on the basis of their
24economic activity, not that of their shareholders, partners or members. The
25corporation, partnership or limited liability company shall compute the amount of

1credit that may be claimed by each of its shareholders, partners or members and
2shall provide that information to each of its shareholders, partners or members.
3That credit may be claimed by partners, members of limited liability companies and
4shareholders of tax-option corporations in proportion to their ownership interests.
SB21-SSA1,2183 5Section 2183. 71.07 (3y) of the statutes is created to read:
SB21-SSA1,669,66 71.07 (3y) Business development credit. (a) Definitions. In this subsection:
SB21-SSA1,669,77 1. "Claimant" means a person certified to receive tax benefits under s. 238.308.
SB21-SSA1,669,88 2. "Eligible employee" has the meaning given in s. 238.308 (1) (a).
SB21-SSA1,669,119 (b) Filing claims. Subject to the limitations provided in this subsection and s.
10238.308, for taxable years beginning after December 31, 2015, a claimant may claim
11as a credit against the tax imposed under ss. 71.02 and 71.08 all of the following:
SB21-SSA1,669,1412 1. The amount of wages that the claimant paid to an eligible employee in the
13taxable year, not to exceed 10 percent of such wages, as determined by the Wisconsin
14Economic Development Corporation under s. 238.308.
SB21-SSA1,669,1915 2. In addition to any amount claimed for an eligible employee under subd. 1.,
16the amount of wages that the claimant paid to the eligible employee in the taxable
17year, not to exceed 5 percent of such wages, if the eligible employee is employed in
18an economically distressed area, as determined by the Wisconsin Economic
19Development Corporation.
SB21-SSA1,669,2220 3. The amount of training costs that the claimant incurred under s. 238.308 (4)
21(a) 3., not to exceed 50 percent of such costs, as determined by the Wisconsin
22Economic Development Corporation.
SB21-SSA1,670,223 4. The amount of the personal property investment, not to exceed 3 percent of
24such investment, and the amount of the real property investment, not to exceed 5

1percent of such investment, in a capital investment project that satisfies s. 238.308
2(4) (a) 4., as determined by the Wisconsin Economic Development Corporation.
SB21-SSA1,670,93 5. An amount, as determined by the Wisconsin Economic Development
4Corporation under s. 238.308 (4) (a) 5., equal to a percentage of the amount of wages
5that the claimant paid to an eligible employee in the taxable year if the position in
6which the eligible employee was employed was created or retained in connection with
7the claimant's location or retention of the claimant's corporate headquarters in
8Wisconsin and the job duties associated with the eligible employee's position involve
9the performance of corporate headquarters functions.
SB21-SSA1,670,1710 (c) Limitations. 1. Partnerships, limited liability companies, and tax-option
11corporations may not claim the credit under this subsection, but the eligibility for,
12and the amount of, the credit are based on their payment of amounts under par. (b).
13A partnership, limited liability company, or tax-option corporation shall compute
14the amount of credit that each of its partners, members, or shareholders may claim
15and shall provide that information to each of them. Partners, members of limited
16liability companies, and shareholders of tax-option corporations may claim the
17credit in proportion to their ownership interests.
SB21-SSA1,670,2018 2. No credit may be allowed under this subsection unless the claimant includes
19with the claimant's return a copy of the claimant's certification for tax benefits under
20s. 238.308.
SB21-SSA1,670,2221 (d) Administration. 1. Section 71.28 (4) (e), (g), and (h), as it applies to the
22credit under s. 71.28 (4), applies to the credit under this subsection.
SB21-SSA1,671,223 2. If the allowable amount of the claim under par. (b) exceeds the tax otherwise
24due under ss. 71.02 and 71.08, the amount of the claim not used to offset the tax due
25shall be certified by the department of revenue to the department of administration

1for payment by check, share draft, or other draft drawn from the appropriation
2account under s. 20.835 (2) (bg).
SB21-SSA1,2184 3Section 2184. 71.07 (4k) (b) 1. of the statutes is amended to read:
SB21-SSA1,671,234 71.07 (4k) (b) 1. Subject to the limitations provided in this subsection, and
5except as provided in subds. 2. and 3., for taxable years beginning after December
631, 2012, and before January 1, 2015, an individual, a partner of a partnership, a
7shareholder of a tax-option corporation, or a member of a limited liability company
8may claim a credit against the tax imposed under s. 71.02 or 71.08, as allocated under
9par. (d), an amount equal to 5 percent of the amount obtained by subtracting from
10the individual's, partnership's, tax-option corporation's, or limited liability
11company's qualified research expenses, as defined in section 41 of the Internal
12Revenue Code, except that "qualified research expenses" includes only expenses
13incurred by the individual, partnership, tax-option corporation, or the limited
14liability company, incurred for research conducted in this state for the taxable year,
15except that a taxpayer may elect the alternative computation under section 41 (c) (4)
16of the Internal Revenue Code and that election applies until the department permits
17its revocation, except as provided in par. (c), and except that "qualified research
18expenses" does not include compensation used in computing the credit under subs.
19(2dj) and
sub. (2dx), the entity's base amount, as defined in section 41 (c) of the
20Internal Revenue Code, except that gross receipts used in calculating the base
21amount means gross receipts from sales attributable to Wisconsin under ss. 71.04 (7)
22(b) 1. and 2., (df), (dh), (dj), and (dk). Section 41 (h) of the Internal Revenue Code does
23not apply to the credit under this subdivision.
SB21-SSA1,2185 24Section 2185. 71.07 (4k) (b) 2. of the statutes is amended to read:
SB21-SSA1,672,22
171.07 (4k) (b) 2. For taxable years beginning after December 31, 2012, and
2before January 1, 2015,
an individual, a partner of a partnership, a shareholder of
3a tax-option corporation, or a member of a limited liability company may claim a
4credit against the tax imposed under s. 71.02 or 71.08, as allocated under par. (d), an
5amount equal to 10 percent of the amount obtained by subtracting from the
6individual's, partnership's, tax-option corporation's, or limited liability company's
7qualified research expenses, as defined in section 41 of the Internal Revenue Code,
8except that "qualified research expenses" includes only expenses incurred by the
9individual, partnership, tax-option corporation, or limited liability company for
10research related to designing internal combustion engines for vehicles, including
11expenses related to designing vehicles that are powered by such engines and
12improving production processes for such engines and vehicles, incurred for research
13conducted in this state for the taxable year, except that a taxpayer may elect the
14alternative computation under section 41 (c) (4) of the Internal Revenue Code and
15that election applies until the department permits its revocation, except as provided
16in par. (c), and except that "qualified research expenses" does not include
17compensation used in computing the credit under subs. (2dj) and sub. (2dx), the
18entity's base amount, as defined in section 41 (c) of the Internal Revenue Code, except
19that gross receipts used in calculating the base amount means gross receipts from
20sales attributable to Wisconsin under ss. 71.04 (7) (b) 1. and 2., (df), (dh), (dj), and
21(dk). Section 41 (h) of the Internal Revenue Code does not apply to the credit under
22this subdivision.
SB21-SSA1,2186 23Section 2186. 71.07 (4k) (b) 3. of the statutes is amended to read:
SB21-SSA1,673,2024 71.07 (4k) (b) 3. For taxable years beginning after December 31, 2012, and
25before January 1, 2015,
an individual, a partner of a partnership, a shareholder of

1a tax-option corporation, or a member of a limited liability company may claim a
2credit against the tax imposed under s. 71.02 or 71.08, as allocated under par. (d), an
3amount equal to 10 percent of the amount obtained by subtracting from the
4individual's, partnership's, tax-option corporation's, or limited liability company's
5qualified research expenses, as defined in section 41 of the Internal Revenue Code,
6except that "qualified research expenses" includes only expenses incurred by the
7individual, partnership, tax-option corporation, or limited liability company for
8research related to the design and manufacturing of energy efficient lighting
9systems, building automation and control systems, or automotive batteries for use
10in hybrid-electric vehicles, that reduce the demand for natural gas or electricity or
11improve the efficiency of its use, incurred for research conducted in this state for the
12taxable year, except that a taxpayer may elect the alternative computation under
13section 41 (c) (4) of the Internal Revenue Code and that election applies until the
14department permits its revocation, except as provided in par. (c), and except that
15"qualified research expenses" does not include compensation used in computing the
16credit under subs. (2dj) and sub. (2dx), the entity's base amount, as defined in section
1741 (c) of the Internal Revenue Code, except that gross receipts used in calculating the
18base amount means gross receipts from sales attributable to Wisconsin under ss.
1971.04 (7) (b) 1. and 2., (df), (dh), (dj), and (dk). Section 41 (h) of the Internal Revenue
20Code does not apply to the credit under this subdivision.
SB21-SSA1,2186d 21Section 2186d. 71.07 (4k) (b) 4. of the statutes is created to read:
SB21-SSA1,674,1122 71.07 (4k) (b) 4. a. Except as provided in subds. 5. and 6., for taxable years
23beginning after December 31, 2014, an individual, a partner of a partnership, a
24shareholder of a tax-option corporation, or a member of a limited liability company
25may claim a credit against the tax imposed under s. 71.02 or 71.08, as allocated under

1par. (d), an amount equal to 5.75 percent of the amount by which the individual's,
2partnership's, tax-option corporation's, or limited liability company's qualified
3research expenses for the taxable year exceed 50 percent of the average qualified
4research expenses for the 3 taxable years immediately preceding the taxable year for
5which the claimant claims the credit. If the individual, partnership, tax-option
6corporation, or limited liability company had no qualified research expenses in any
7of the 3 taxable years immediately preceding the taxable year for which the claimant
8claims the credit, the claimant may claim an amount equal to 2.875 percent of the
9individual's, partnership's, tax-option corporation's, or limited liability company's
10qualified research expenses for the taxable year for which the claimant claims the
11credit.
SB21-SSA1,674,1912 b. For purposes of subd. 4. a. "qualified research expenses" means qualified
13research expenses as defined in section 41 of the Internal Revenue Code, except that
14"qualified research expenses" includes only expenses incurred by the individual,
15partnership, tax-option corporation, or the limited liability company, incurred for
16research conducted in this state for the taxable year and does not include
17compensation used in computing the credit under sub. (2dx). Section 41 (f) (1), (2),
18(5), and (6) and (h) of the Internal Revenue Code does not apply to the credit under
19this subdivision.
SB21-SSA1,2186e 20Section 2186e. 71.07 (4k) (b) 5. of the statutes is created to read:
SB21-SSA1,675,921 71.07 (4k) (b) 5. a. For taxable years beginning after December 31, 2014, an
22individual, a partner of a partnership, a shareholder of a tax-option corporation, or
23a member of a limited liability company may claim a credit against the tax imposed
24under s. 71.02 or 71.08, as allocated under par. (d), an amount equal to 11.5 percent
25of the amount by which the individual's, partnership's, tax-option corporation's, or

1limited liability company's qualified research expenses for the taxable year exceed
250 percent of the average qualified research expenses for the 3 taxable years
3immediately preceding the taxable year for which the claimant claims the credit. If
4the individual, partnership, tax-option corporation, or limited liability company had
5no qualified research expenses in any of the 3 taxable years immediately preceding
6the taxable year for which the claimant claims the credit, the claimant may claim an
7amount equal to 5.75 percent of the individual's, partnership's, tax-option
8corporation's, or limited liability company's qualified research expenses for the
9taxable year for which the claimant claims the credit.
SB21-SSA1,675,1910 b. For purposes of subd. 5. a., "qualified research expenses" means qualified
11research expenses as defined in section 41 of the Internal Revenue Code, except that
12"qualified research expenses" includes only expenses incurred by the individual,
13partnership, tax-option corporation, or limited liability company for research
14related to designing internal combustion engines for vehicles, including expenses
15related to designing vehicles that are powered by such engines and improving
16production processes for such engines and vehicles, incurred for research conducted
17in this state for the taxable year and does not include compensation used in
18computing the credit under sub. (2dx). Section 41 (f) (1), (2), (5), and (6) and (h) of
19the Internal Revenue Code does not apply to the credit under this subdivision.
SB21-SSA1,2186f 20Section 2186f. 71.07 (4k) (b) 6. of the statutes is created to read:
SB21-SSA1,676,921 71.07 (4k) (b) 6. a. For taxable years beginning after December 31, 2014, an
22individual, a partner of a partnership, a shareholder of a tax-option corporation, or
23a member of a limited liability company may claim a credit against the tax imposed
24under s. 71.02 or 71.08, as allocated under par. (d), an amount equal to 11.5 percent
25of the amount by which the individual's, partnership's, tax-option corporation's, or

1limited liability company's qualified research expenses for the taxable year exceed
250 percent of the average qualified research expenses for the 3 taxable years
3immediately preceding the taxable year for which the claimant claims the credit. If
4the individual, partnership, tax-option corporation, or limited liability company had
5no qualified research expenses in any of the 3 taxable years immediately preceding
6the taxable year for which the claimant claims the credit, the claimant may claim an
7amount equal to 5.75 percent of the individual's, partnership's, tax-option
8corporation's, or limited liability company's qualified research expenses for the
9taxable year for which the claimant claims the credit.
SB21-SSA1,676,2010 b. For purposes of subd. 6. a., "qualified research expenses" means qualified
11research expenses as defined in section 41 of the Internal Revenue Code, except that
12"qualified research expenses" includes only expenses incurred by the individual,
13partnership, tax-option corporation, or limited liability company for research
14related to the design and manufacturing of energy efficient lighting systems,
15building automation and control systems, or automotive batteries for use in
16hybrid-electric vehicles, that reduce the demand for natural gas or electricity or
17improve the efficiency of its use, incurred for research conducted in this state for the
18taxable year and does not include compensation used in computing the credit under
19sub. (2dx). Section 41 (f) (1), (2), (5), and (6) and (h) of the Internal Revenue Code does
20not apply to the credit under this subdivision.
SB21-SSA1,2186g 21Section 2186g. 71.07 (4k) (c) of the statutes is amended to read:
SB21-SSA1,677,222 71.07 (4k) (c) Computation. If For taxable years beginning before January 1,
232015, if
in any taxable year a person claims a credit under par. (b) 1., 2., or 3., or any
24combination of those credits, the person may use a different computation method to

1calculate each of the credits and may choose to change the computation method once
2for each credit without the department's approval.
SB21-SSA1,2186s 3Section 2186s. 71.07 (5) (a) 9. of the statutes is created to read:
SB21-SSA1,677,74 71.07 (5) (a) 9. The amount claimed as a deduction for unreimbursed medical
5expenses under section 213 (a) of the Internal Revenue Code to the extent that the
6funds used to pay for the unreimbursed expenses for which the deduction was
7claimed were withdrawn from an account described under s. 16.643.
SB21-SSA1,2191 8Section 2191. 71.07 (5d) (a) 1. (intro.) of the statutes is amended to read:
SB21-SSA1,677,139 71.07 (5d) (a) 1. (intro.) "Bona fide angel investment" means a purchase of an
10equity interest, a purchase of a note or bond that is convertible to an equity interest,
11or any other expenditure, as determined by rule the Wisconsin Economic
12Development Corporation in its policies and procedures
under s. 238.15 or s. 560.205,
132009 stats.
(3) (d), that is made by any of the following:
SB21-SSA1,2200b 14Section 2200b. 71.07 (5j) (a) 2d. of the statutes is amended to read:
SB21-SSA1,677,2015 71.07 (5j) (a) 2d. "Diesel replacement renewable fuel" includes biodiesel and
16any other fuel derived from a renewable resource that meets all of the applicable
17requirements of the American Society for Testing and Materials for that fuel and that
18the department of commerce or the department of safety and professional services
19agriculture, trade and consumer protection designates by rule as a diesel
20replacement renewable fuel.
SB21-SSA1,2201b 21Section 2201b. 71.07 (5j) (a) 2m. of the statutes is amended to read:
SB21-SSA1,678,222 71.07 (5j) (a) 2m. "Gasoline replacement renewable fuel" includes ethanol and
23any other fuel derived from a renewable resource that meets all of the applicable
24requirements of the American Society for Testing and Materials for that fuel and that
25the department of commerce or the department of safety and professional services

1agriculture, trade and consumer protection designates by rule as a gasoline
2replacement renewable fuel.
SB21-SSA1,2202b 3Section 2202b. 71.07 (5j) (c) 3. of the statutes is amended to read:
SB21-SSA1,678,94 71.07 (5j) (c) 3. The department of commerce or the department of safety and
5professional services
agriculture, trade and consumer protection shall establish
6standards to adequately prevent, in the distribution of conventional fuel to an end
7user, the inadvertent distribution of fuel containing a higher percentage of
8renewable fuel than the maximum percentage established by the federal
9environmental protection agency for use in conventionally-fueled engines.
SB21-SSA1,2204 10Section 2204. 71.07 (5n) (a) 3. of the statutes is amended to read:
SB21-SSA1,678,1511 71.07 (5n) (a) 3. "Direct costs" includes all of the claimant's ordinary and
12necessary expenses paid or incurred during the taxable year in carrying on the trade
13or business that are deductible as business expenses under section 162 of the
14Internal Revenue Code and identified as direct costs in the claimant's managerial or
15cost accounting records.
SB21-SSA1,2205 16Section 2205. 71.07 (5n) (a) 4. of the statutes is amended to read:
SB21-SSA1,678,2117 71.07 (5n) (a) 4. "Indirect costs" includes all of the claimant's ordinary and
18necessary expenses paid or incurred during the taxable year in carrying on the trade
19or business that are deductible as business expenses under section 162 of the
20Internal Revenue Code, other than cost of goods sold and direct costs, and identified
21as indirect costs in the claimant's managerial or cost accounting records.
SB21-SSA1,2206 22Section 2206. 71.07 (5n) (a) 5. d. of the statutes is created to read:
SB21-SSA1,679,223 71.07 (5n) (a) 5. d. For purposes of subd. 5. a., a claimant who the department
24approves to be classified as a manufacturer for purposes of s. 70.995, but who is not
25eligible to be listed on the department's manufacturing roll until January 1 of the

1following year, may claim the credit in the year in which the manufacturing
2classification is approved.
SB21-SSA1,2206d 3Section 2206d. 71.07 (5n) (b) 3. of the statutes is amended to read:
SB21-SSA1,679,54 71.07 (5n) (b) 3. For taxable years beginning after December 31, 2014, and
5before January 1, 2016, 5.526 5.025 percent.
SB21-SSA1,2210d 6Section 2210d. 71.07 (9m) (cn) of the statutes is created to read:
SB21-SSA1,679,97 71.07 (9m) (cn) For taxable years beginning after December 31, 2014, the
8Wisconsin Economic Development Corporation shall certify a person to claim a credit
9under par. (a) 3. if all of the following applies:
SB21-SSA1,679,1110 1. The corporation previously certified the person to claim a credit under par.
11(a) 3. for any taxable year beginning before January 1, 2015.
SB21-SSA1,679,1412 2. The proposed project for which the person wishes to claim a credit under this
13paragraph for any taxable year beginning after December 31, 2014, is located in the
14city of Green Bay.
SB21-SSA1,679,1815 3. The proposed project described under subd. 2. is located on the same parcel
16as the project for which the person received certification under subd. 1. or on a parcel
17that is contiguous to the project for which the person received certification under
18subd. 1.
SB21-SSA1,679,2219 4. The corporation determines that the person is eligible to claim the credit
20under section 47 of the Internal Revenue Code for the qualified rehabilitation
21expenses incurred for the project for which the person received certification under
22subd. 1.
SB21-SSA1,2213 23Section 2213. 71.08 (1) (intro.) of the statutes is amended to read:
SB21-SSA1,680,924 71.08 (1) Imposition. (intro.) If the tax imposed on a natural person, married
25couple filing jointly, trust, or estate under s. 71.02, not considering the credits under

1ss. 71.07 (1), (2dd), (2de), (2di), (2dj), (2dL), (2dr), (2ds), (2dx), (2dy), (3m), (3n), (3p),
2(3q), (3r), (3rm), (3rn), (3s), (3t), (3w), (3y), (4k), (5b), (5d), (5e), (5f), (5h), (5i), (5j), (5n),
3(6), (6e), (8r), (9e), (9m), and (9r), 71.28 (1dd), (1de), (1di), (1dj), (1dL), (1ds), (1dx),
4(1dy), (2m), (3), (3n), (3t), and (3w), and (3y), 71.47 (1dd), (1de), (1di), (1dj), (1dL),
5(1ds),
(1dx), (1dy), (2m), (3), (3n), (3t), and (3w), and (3y), 71.57 to 71.61, and 71.613
6and subch. VIII and payments to other states under s. 71.07 (7), is less than the tax
7under this section, there is imposed on that natural person, married couple filing
8jointly, trust or estate, instead of the tax under s. 71.02, an alternative minimum tax
9computed as follows:
SB21-SSA1,2213d 10Section 2213d. 71.08 (1) (d) of the statutes is amended to read:
SB21-SSA1,680,1911 71.08 (1) (d) Subtract from the amount under par. (c) the appropriate amount
12under section 55 (d) (1) and, (3) , and (4) of the internal revenue code federal Internal
13Revenue Code in effect for the taxable year
; except that surviving spouses shall be
14treated as single individuals; except that the amount under par. (c), not the federal
15alternative minimum taxable income, shall be used in calculating the phase-out and
16except that for nonresidents and part-year residents the amount under section 55
17(d) (1) and, (3), and (4) of the internal revenue code federal Internal Revenue Code
18in effect for the taxable year
shall be prorated on the basis of the ratio of Wisconsin
19adjusted gross income to federal adjusted gross income.
SB21-SSA1,2213f 20Section 2213f. 71.09 (11) (g) of the statutes is created to read:
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