The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
SB236, s. 1 1Section 1. 20.835 (2) (a) of the statutes is created to read:
SB236,2,32 20.835 (2) (a) Disabled veterans hiring credit. A sum sufficient to make the
3payments under ss. 71.07 (5dv) (c), 71.28 (5dv) (c) and 71.47 (5dv) (c).
SB236, s. 2 4Section 2. 71.05 (6) (a) 15. of the statutes is amended to read:
SB236,2,95 71.05 (6) (a) 15. The amount of the credits computed under s. 71.07 (2dd), (2de),
6(2di), (2dj), (2dL), (2dr) and, (2ds) and (5dv) and not passed through by a partnership,
7limited liability company or tax-option corporation that has added that amount to
8the partnership's, company's or tax-option corporation's income under s. 71.21 (4) or
971.34 (1) (g).
SB236, s. 3 10Section 3. 71.07 (5dv) of the statutes is created to read:
SB236,2,1111 71.07 (5dv) Disabled veterans hiring credit. (a) In this subsection:
SB236,2,1312 1. "Disabled veteran" means a person who is eligible for compensation under
1338 USC 310.
SB236,2,1514 2. "Percentage of disability" means the percentage determined under 38 USC
15314
(a) to (j).
SB236,2,1716 (b) Any person may claim as a credit against taxes due under this subchapter
17an amount calculated as follows:
SB236,2,1918 1. For each disabled veteran whom the person hires after the effective date of
19this subdivision .... [revisor inserts date], determine the wages and salary paid.
SB236,2,2120 2. Multiply the amount under subd. 1. by the disabled veteran's percentage of
21disability.
SB236,3,1
13. Add the amounts under subd. 2. for all disabled veterans.
SB236,3,72 (c) Except as provided in s. 71.80 (3) and (3m), if the allowable amount of the
3claim under this subsection exceeds the amount of taxes due under this subchapter,
4the allowable amount of the claim that is not used to offset taxes shall be certified
5by the department of revenue to the department of administration for payment by
6check, share draft or other draft drawn from the appropriation under s. 20.835 (2)
7(a).
SB236,3,158 (d) Partnerships, limited liability companies and tax-option corporations may
9not claim the credit under this subsection, but the eligibility for, and the amount of,
10the credit is based on their payment of wages and salaries. A partnership, limited
11liability company or corporation shall compute the amount of credit that each of its
12partners, members or shareholders may claim and shall provide that information to
13each of them. Partners, members of limited liability companies and shareholders of
14tax-option corporations may claim the credit in proportion to their ownership
15interest.
SB236,3,1716 (e) Section 71.28 (4) (g) and (h) as it relates to the credit under s. 71.28 (4)
17relates to the credit under this subsection.
SB236, s. 4 18Section 4. 71.08 (1) (intro.) of the statutes is amended to read:
SB236,4,219 71.08 (1) Imposition. (intro.) If the tax imposed on a natural person, married
20couple filing jointly, trust or estate under s. 71.02, not considering the credits under
21ss. 71.07 (1), (2dd), (2de), (2di), (2dj), (2dL), (2dr), (2ds), (2fd), (3m), (5dv), (6) and (9e),
2271.28 (1dd), (1de), (1di), (1dj), (1dL), (1ds), (1fd) and , (2m) and (5dv) and 71.47 (1dd),
23(1de), (1di), (1dj), (1dL), (1ds), (1fd) and, (2m) and (5dv) and subchs. VIII and IX and
24payments to other states under s. 71.07 (7), is less than the tax under this section,

1there is imposed on that natural person, married couple filing jointly, trust or estate,
2instead of the tax under s. 71.02, an alternative minimum tax computed as follows:
SB236, s. 5 3Section 5. 71.10 (4) (i) of the statutes is amended to read:
SB236,4,94 71.10 (4) (i) The total of claim of right credit under s. 71.07 (1), farmland
5preservation credit under subch. IX, homestead credit under subch. VIII, farmland
6tax relief credit under s. 71.07 (3m), farmers' drought property tax credit under s.
771.07 (2fd), earned income tax credit under s. 71.07 (9e), disabled veterans hiring
8credit under s. 71.07 (5dv),
estimated tax payments under s. 71.09, and taxes
9withheld under subch. X.
SB236, s. 6 10Section 6. 71.21 (4) of the statutes is amended to read:
SB236,4,1311 71.21 (4) Credits computed by a partnership under s. 71.07 (2dd), (2de), (2di),
12(2dj), (2dL) and, (2ds) and (5dv) and passed through to partners or members shall be
13added to the partnership's or limited liability company's income.
SB236, s. 7 14Section 7. 71.26 (2) (a) of the statutes is amended to read:
SB236,5,415 71.26 (2) (a) Corporations in general. The "net income" of a corporation means
16the gross income as computed under the internal revenue code as modified under
17sub. (3) minus the amount of recapture under s. 71.28 (1di) plus the amount of credit
18computed under s. 71.28 (1) and (3) to (5) plus the amount of the credit computed
19under s. 71.28 (1dd), (1de), (1di), (1dj), (1dL) and, (1ds) and (5dv) and not passed
20through by a partnership, limited liability company or tax-option corporation that
21has added that amount to the partnership's, limited liability company's or tax-option
22corporation's income under s. 71.21 (4) or 71.34 (1) (g) plus the amount of losses from
23the sale or other disposition of assets the gain from which would be wholly exempt
24income, as defined in sub. (3) (L), if the assets were sold or otherwise disposed of at
25a gain and minus deductions, as computed under the internal revenue code as

1modified under sub. (3), plus or minus, as appropriate, an amount equal to the
2difference between the federal basis and Wisconsin basis of any asset sold,
3exchanged, abandoned or otherwise disposed of in a taxable transaction during the
4taxable year, except as provided in par. (b) and s. 71.45 (2) and (5).
SB236, s. 8 5Section 8. 71.28 (5dv) of the statutes is created to read:
SB236,5,66 71.28 (5dv) Disabled veterans hiring credit. (a) In this subsection:
SB236,5,87 1. "Disabled veteran" means a person who is eligible for compensation under
838 USC 310.
SB236,5,109 2. "Percentage of disability" means the percentage determined under 38 USC
10314
(a) to (j).
SB236,5,1211 (b) Any person may claim as a credit against taxes due under this subchapter
12an amount calculated as follows:
SB236,5,1413 1. For each disabled veteran whom the person hires after the effective date of
14this subdivision .... [revisor inserts date], determine the wages and salary paid.
SB236,5,1615 2. Multiply the amount under subd. 1. by the disabled veteran's percentage of
16disability.
SB236,5,1717 3. Add the amounts under subd. 2. for all disabled veterans.
SB236,5,2218 (c) If the allowable amount of the claim under this subsection exceeds the
19amount of taxes due under this subchapter, the allowable amount of the claim that
20is not used to offset taxes shall be certified by the department of revenue to the
21department of administration for payment by check, share draft or other draft drawn
22from the appropriation under s. 20.835 (2) (a).
SB236,6,523 (d) Partnerships, limited liability companies and tax-option corporations may
24not claim the credit under this subsection, but the eligibility for, and the amount of,
25the credit is based on their payment of wages and salaries. A partnership, limited

1liability company or corporation shall compute the amount of credit that each of its
2partners, members or shareholders may claim and shall provide that information to
3each of them. Partners, members of limited liability companies and shareholders of
4tax-option corporations may claim the credit in proportion to their ownership
5interest.
SB236,6,76 (e) Subsection (4) (g) and (h) as it relates to the credit under sub. (4) relates to
7the credit under this subsection.
SB236, s. 9 8Section 9. 71.30 (3) (f) of the statutes is amended to read:
SB236,6,129 71.30 (3) (f) The total of farmers' drought property tax credit under s. 71.28
10(1fd), farmland preservation credit under subch. IX, farmland tax relief credit under
11s. 71.28 (2m), disabled veterans hiring credit under s. 71.28 (5dv) and estimated tax
12payments under s. 71.29.
SB236, s. 10 13Section 10. 71.34 (1) (g) of the statutes is amended to read:
SB236,6,1614 71.34 (1) (g) An addition shall be made for credits computed by a tax-option
15corporation under s. 71.28 (1dd), (1de), (1di), (1dj), (1dL) and, (1ds) and (5dv) and
16passed through to shareholders.
SB236, s. 11 17Section 11. 71.45 (2) (a) 10. of the statutes is amended to read:
SB236,6,2318 71.45 (2) (a) 10. By adding to federal taxable income the amount of credit
19computed under s. 71.47 (1dd) to (1ds) and (5dv) and not passed through by a
20partnership, limited liability company or tax-option corporation that has added that
21amount to the partnership's, limited liability company's or tax-option corporation's
22income under s. 71.21 (4) or 71.34 (1) (g) and the amount of credit computed under
23s. 71.47 (1), (3), (4) and (5).
SB236, s. 12 24Section 12. 71.47 (5dv) of the statutes is created to read:
SB236,6,2525 71.47 (5dv) Disabled veterans hiring credit. (a) In this subsection:
SB236,7,2
11. "Disabled veteran" means a person who is eligible for compensation under
238 USC 310.
SB236,7,43 2. "Percentage of disability" means the percentage determined under 38 USC
4314
(a) to (j).
SB236,7,65 (b) Any person may claim as a credit against taxes due under this subchapter
6an amount calculated as follows:
SB236,7,87 1. For each disabled veteran whom the person hires after the effective date of
8this subdivision .... [revisor inserts date], determine the wages and salary paid.
SB236,7,109 2. Multiply the amount under subd. 1. by the disabled veteran's percentage of
10disability.
SB236,7,1111 3. Add the amounts under subd. 2. for all disabled veterans.
SB236,7,1612 (c) If the allowable amount of the claim under this subsection exceeds the
13amount of taxes due under this subchapter, the allowable amount of the claim that
14is not used to offset taxes shall be certified by the department of revenue to the
15department of administration for payment by check, share draft or other draft drawn
16from the appropriation under s. 20.835 (2) (a).
SB236,7,2417 (d) Partnerships, limited liability companies and tax-option corporations may
18not claim the credit under this subsection, but the eligibility for, and the amount of,
19the credit is based on their payment of wages and salaries. A partnership, limited
20liability company or corporation shall compute the amount of credit that each of its
21partners, members or shareholders may claim and shall provide that information to
22each of them. Partners, members of limited liability companies and shareholders of
23tax-option corporations may claim the credit in proportion to their ownership
24interest.
SB236,8,2
1(e) Section 71.28 (4) (g) and (h) as it relates to the credit under s. 71.28 (4)
2relates to the credit under this subsection.
SB236, s. 13 3Section 13. 71.49 (1) (f) of the statutes is amended to read:
SB236,8,74 71.49 (1) (f) The total of farmers' drought property tax credit under s. 71.47
5(1fd), farmland preservation credit under subch. IX, farmland tax relief credit under
6s. 71.47 (2m), disabled veterans hiring credit under s. 71.47 (5dv) and estimated tax
7payments under s. 71.48.
SB236, s. 14 8Section 14. 77.92 (4) of the statutes is amended to read:
SB236,8,199 77.92 (4) "Net business income", with respect to a partnership or limited
10liability company, means taxable income as calculated under section 703 of the
11internal revenue code; plus the items of income and gain under section 702 of the
12internal revenue code; minus the items of loss and deduction under section 702 of the
13internal revenue code; plus payments treated as not made to partners under section
14707 (a) of the internal revenue code; plus the credits claimed under s. 71.07 (2dd),
15(2de), (2di), (2dj), (2dL), (2dr) and, (2ds) and (5dv); but excluding income, gain, loss
16and deductions from farming. "Net business income", with respect to a natural
17person, estate or trust, means profit from a trade or business for federal income tax
18purposes and includes net income derived as an employe as defined in section 3121
19(d) (3) of the internal revenue code.
SB236, s. 15 20Section 15. Initial applicability.
SB236,8,2421 (1) This act first applies to taxable years beginning on January 1 of the year
22in which this subsection takes effect, except that if this subsection takes effect on or
23after August 1 this act first applies to taxable years beginning on January 1 of the
24year after the year in which this subsection takes effect.
SB236,8,2525 (End)
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