SENATE AMENDMENT 1,
TO SENATE BILL 525
January 26, 2016 - Offered by Senator Darling.
SB525-SA1,1,3
21. Page 2, line 25: delete that line and substitute "the industry cluster
3partnership certifies that the claimant is a member of the cluster.".
SB525-SA1,1,5
42. Page 3, line 1: delete lines 1 to 4 and substitute "Section
41 (f) (1), (2), (5),
5and (6) and (h) of the Internal Revenue Code does not apply".
SB525-SA1,1,8
63. Page 3, line 5: after "subdivision." insert "For purposes of this subdivision,
7"qualified research expenses" means qualified research expenses that satisfy any of
8the following conditions:
SB525-SA1,1,99
a. They are paid by the person claiming the credit.
SB525-SA1,1,1110
b. They are paid pursuant to a contract with a Wisconsin research institution
11or university.
SB525-SA1,1,1312
c. They are paid pursuant to a contract with a Wisconsin-based early stage
13company that has licensed intellectual property from a Wisconsin university.".
SB525-SA1,2,5
46. Page 4, line 8: delete that line and substitute "for the taxable year, if the
5industry cluster partnership certifies that the claimant is a member of the cluster.".
SB525-SA1,2,7
67. Page 4, line 9: delete lines 9 to 12 and substitute "Section 41 (f) (1), (2), (5),
7and (6) and (h) of the Internal".
SB525-SA1,2,10
88. Page 4, line 13: after "subdivision." insert "For purposes of this subdivision,
9"qualified research expenses" means qualified research expenses that satisfy any of
10the following conditions:
SB525-SA1,2,1111
a. They are paid by the person claiming the credit.
SB525-SA1,2,1312
b. They are paid pursuant to a contract with a Wisconsin research institution
13or university.
SB525-SA1,2,1514
c. They are paid pursuant to a contract with a Wisconsin-based early stage
15company that has licensed intellectual property from a Wisconsin university.".
SB525-SA1,2,20
1911. Page 5, line 16: delete that line and substitute "for the taxable year, if the
20industry cluster partnership certifies that the claimant is a member of the cluster.".
SB525-SA1,3,3
113. Page 5, line 21: after "subdivision." insert "For purposes of this
2subdivision, "qualified research expenses" means qualified research expenses that
3satisfy any of the following conditions:
SB525-SA1,3,44
a. They are paid by the person claiming the credit.
SB525-SA1,3,65
b. They are paid pursuant to a contract with a Wisconsin research institution
6or university.
SB525-SA1,3,87
c. They are paid pursuant to a contract with a Wisconsin-based early stage
8company that has licensed intellectual property from a Wisconsin university.".
