AB64-ASA1-AA7,12,1613
71.05
(6) (b) 54. For taxable years beginning after December 31, 2021, any
14amount of family or medical leave insurance benefits received by a covered
15individual, as defined in s. 103.105 (1) (d), in the taxable year to which the
16subtraction relates.”.
AB64-ASA1-AA7,12,2119
71.07
(5b) (d) 1.
Section
For taxable years beginning before January 1, 2017,
20s. 71.28 (4) (e) to (h), as it applies to the credit under s. 71.28 (4), applies to the credit
21under this subsection.
AB64-ASA1-AA7,13,3
171.07
(5b) (d) 1m. For taxable years beginning after December 31, 2016, s.
271.28 (4) (e), (g), and (h), as it applies to the credit under s. 71.28 (4), applies to the
3credit under this subsection.”.
AB64-ASA1-AA7,13,5
5“
Section 1040gb. 71.07 (5b) (d) 4. of the statutes is created to read:
AB64-ASA1-AA7,13,116
71.07
(5b) (d) 4. For taxable years beginning after December 31, 2016, if the
7allowable amount of the claim under par. (b) exceeds the tax otherwise due under s.
871.02 or 71.08, the amount of the claim not used to offset the tax due shall be certified
9by the department of revenue to the department of administration for payment by
10check, share draft, or other draft drawn from the appropriation account under s.
1120.835 (2) (ba).”.
AB64-ASA1-AA7,13,1814
71.07
(5d) (b) 2. For taxable years beginning after December 31, 2007,
and
15before January 1, 2017, for the taxable year certified by the department of commerce
16or the Wisconsin Economic Development Corporation, an amount equal to 25 percent
17of the claimant's bona fide angel investment made directly in a qualified new
18business venture.
AB64-ASA1-AA7,13,2320
71.07
(5d) (b) 3. For taxable years beginning after December 31, 2016, for the
21taxable year certified by the Wisconsin Economic Development Corporation, an
22amount equal to 25 percent of the claimant's bona fide angel investment made
23directly in a qualified new business venture.”.
AB64-ASA1-AA7,14,1
1“
Section 1040pa. 71.07 (5d) (d) 2. of the statutes is amended to read:
AB64-ASA1-AA7,14,42
71.07
(5d) (d) 2.
Section
For taxable years beginning before January 1, 2017,
3s. 71.28 (4) (e) to (h), as it applies to the credit under s. 71.28 (4), applies to the credit
4under this subsection.
AB64-ASA1-AA7,14,86
71.07
(5d) (d) 2m. For taxable years beginning after December 31, 2016, s.
771.28 (4) (e), (g), and (h), as it applies to the credit under s. 71.28 (4), applies to the
8credit under this subsection.
AB64-ASA1-AA7,14,1510
71.07
(5d) (d) 5. For taxable years beginning after December 31, 2016, if the
11allowable amount of the claim under par. (b) exceeds the tax otherwise due under s.
1271.02 or 71.08, the amount of the claim not used to offset the tax due shall be certified
13by the department of revenue to the department of administration for payment by
14check, share draft, or other draft drawn from the appropriation account under s.
1520.835 (2) (ba).”.
AB64-ASA1-AA7,14,1918
71.07
(8m) Additional household and dependent care expenses tax credit. 19(a)
Definitions. In this subsection:
AB64-ASA1-AA7,14,2220
1. “Claimant" means an individual who is eligible for and claims the household
21and dependent care expenses tax credit for the taxable year to which the claim under
22this subsection relates.
AB64-ASA1-AA7,14,2423
2. “Household and dependent care expenses tax credit" means the tax credit
24under section
21 of the Internal Revenue Code.
AB64-ASA1-AA7,15,6
1(b)
Filing claims. Subject to the limitations provided in this subsection, a
2claimant may claim as a credit against the tax imposed under s. 71.02, up to the
3amount of those taxes, an amount equal to the amount of the household and
4dependent care expenses tax credit that the taxpayer claimed on his or her federal
5income tax return for the taxable year to which the claim under this subsection
6relates.
AB64-ASA1-AA7,15,87
(c)
Limitations. 1. No credit may be allowed under this subsection unless it
8is claimed within the time period under s. 71.75 (2).
AB64-ASA1-AA7,15,119
2. No credit may be allowed under this subsection for a taxable year covering
10a period of less than 12 months, except for a taxable year closed by reason of the death
11of the taxpayer.
AB64-ASA1-AA7,15,1312
3. The credit under this subsection may not be claimed by either a part-year
13resident or nonresident of this state.
AB64-ASA1-AA7,15,1514
(d)
Administration. Subsection (9e) (d), to the extent that it applies to the credit
15under that subsection, applies to the credit under this subsection.”.
AB64-ASA1-AA7,15,1918
71.10
(4) (cs) Additional household and dependent care expenses tax credit
19under s. 71.07 (8m).”.
AB64-ASA1-AA7,15,2322
71.10
(4) (gwb) Early stage seed investment credit under s. 71.07 (5b)
, except
23as provided under par. (i).
AB64-ASA1-AA7,16,2
171.10
(4) (gx) Angel investment credit under s. 71.07 (5d)
, except as provided
2under par. (i).”.
AB64-ASA1-AA7,16,4
345. Page 629, line 2: after “
2. a.," insert “
early stage seed investment credit
4under s. 71.07 (5b) (d) 4., angel investment credit under s. 71.07 (5d) (d) 5.,".
AB64-ASA1-AA7,16,6
6“
Section 1086ib. 71.28 (5b) (d) 1. of the statutes is amended to read:
AB64-ASA1-AA7,16,97
71.28
(5b) (d) 1.
Subsection
For taxable years beginning before January 1,
82017, sub. (4) (e) to (h), as it applies to the credit under sub. (4), applies to the credit
9under this subsection.
AB64-ASA1-AA7,16,1311
71.28
(5b) (d) 1m. For taxable years beginning after December 31, 2016, sub.
12(4) (e), (g), and (h), as it applies to the credit under sub. (4), applies to the credit under
13this subsection.”.
AB64-ASA1-AA7,16,2116
71.28
(5b) (d) 4. For taxable years beginning after December 31, 2016, if the
17allowable amount of the claim under par. (b) exceeds the tax otherwise due under s.
1871.23, the amount of the claim not used to offset the tax due shall be certified by the
19department of revenue to the department of administration for payment by check,
20share draft, or other draft drawn from the appropriation account under s. 20.835 (2)
21(ba).”.
AB64-ASA1-AA7,17,2
171.30
(3) (eop) Early stage seed investment credit under s. 71.28 (5b)
, except
2as provided under par. (f).”.
AB64-ASA1-AA7,17,6
6“
Section 1111ka. 71.47 (5b) (d) 1. of the statutes is amended to read:
AB64-ASA1-AA7,17,97
71.47
(5b) (d) 1.
Section
For taxable years beginning before January 1, 2017,
8s. 71.28 (4) (e) to (h), as it applies to the credit under s. 71.28 (4), applies to the credit
9under this subsection.
AB64-ASA1-AA7,17,1311
71.47
(5b) (d) 1m. For taxable years beginning after December 31, 2016, s.
1271.28 (4) (e), (g), and (h), as it applies to the credit under s. 71.28 (4), applies to the
13credit under this subsection.”.
AB64-ASA1-AA7,17,2116
71.47
(5b) (d) 4. For taxable years beginning after December 31, 2016, if the
17allowable amount of the claim under par. (b) exceeds the tax otherwise due under s.
1871.43, the amount of the claim not used to offset the tax due shall be certified by the
19department of revenue to the department of administration for payment by check,
20share draft, or other draft drawn from the appropriation account under s. 20.835 (2)
21(ba).”.
AB64-ASA1-AA7,18,2
171.49
(1) (eop) Early stage seed investment credit under s. 71.47 (5b)
, except
2as provided under par. (f).”.
AB64-ASA1-AA7,18,7
6“
Section 1332b. 103.10 (1) (a) (intro.) of the statutes is renumbered 103.10 (1)
7(a) and amended to read:
AB64-ASA1-AA7,18,98
103.10
(1) (a) “Child" means a natural, adopted, or foster child, a stepchild, or
9a legal ward
to whom any of the following applies:
.
AB64-ASA1-AA7,18,1313
103.10
(1) (ap) “Covered active duty" means any of the following:
AB64-ASA1-AA7,18,1514
1. In the case of a member of a regular component of the U.S. armed forces, duty
15during the deployment of the member with the U.S. armed forces to a foreign country.
AB64-ASA1-AA7,18,1916
2. In the case of a member of a reserve component of the U.S. armed forces, duty
17during the deployment of the member with the U.S. armed forces to a foreign country
18under a call or order to active duty under a provision of law specified in
10 USC 101 19(a) (13) (B).
AB64-ASA1-AA7,18,2421
103.10
(1) (b) Except as provided in sub. (1m) (b) 2. and s. 452.38, “employee"
22means an individual employed in this state by an employer, except the employer's
23parent, child, spouse, domestic partner,
or child parent, grandparent, grandchild, or
24sibling.
AB64-ASA1-AA7,19,72
103.10
(1) (c) Except as provided in sub. (1m) (b) 3., “employer" means a person
3engaging in any activity, enterprise
, or business in this state employing at least
50 425 individuals on a permanent basis. “Employer" includes the state and any office,
5department, independent agency, authority, institution, association, society
, or other
6body in state government created or authorized to be created by the constitution or
7any law, including the legislature and the courts.
AB64-ASA1-AA7,19,99
103.10
(1) (dm) “Grandchild" means the child of a child.
AB64-ASA1-AA7,19,1111
103.10
(1) (dp) “Grandparent" means the parent of a parent.
AB64-ASA1-AA7,19,1413
103.10
(1) (gm) “Sibling" means a brother, sister, half brother, half sister,
14stepbrother, or stepsister, whether by blood, marriage, or adoption.
AB64-ASA1-AA7,19,2316
103.10
(1m) (b) 4. “Family member" means a spouse or domestic partner of an
17employee; a parent, child, sibling, including a foster sibling, brother-in-law,
18sister-in-law, grandparent,
stepgrandparent, or grandchild of an employee or of an
19employee's spouse or domestic partner; or any other person who is related by blood,
20marriage, or adoption to an employee or to an employee's spouse or domestic partner
21and whose close association with the employee, spouse, or domestic partner makes
22the person the equivalent of a family member of the employee, spouse, or domestic
23partner.
AB64-ASA1-AA7,20,2
1103.10
(3) (a) 1. In a 12-month period no employee may take more than 6 weeks
2of family leave under par. (b) 1.
and, 2.
, and 4.
