AB844,5,1311 (c) The amount of the credit for each claimant under this subsection shall not
12exceed $2,500 in a taxable year for each employe for whom the claimant pays an
13amount as provided in par. (b).
AB844,5,1614 (d) A claimant who receives a credit under par. (b) shall add to the claimant's
15liability for taxes imposed under s. 71.23 an amount that is equal to the total amount
16of the credits received under par. (b), if any of the following occur:
AB844,5,1917 1. The employe who received the training as specified under par. (b) is not
18employed in this state in an occupation related to information technology within one
19year after the employe completes the training as provided under par. (b).
AB844,5,2120 2. The employe who received the training as specified under par. (b) is employed
21in this state in an occupation related to information technology for less than one year.
AB844,5,2422 (e) A claimant may not claim the credit under par. (b) for any amounts that the
23claimant has excluded under s. 71.05 (6) (b) 28. or under section 127 of the Internal
24Revenue Code.
AB844,6,2
1(f) The carry-over provisions of sub. (4) (e) and (f), as they apply to the credit
2under sub. (4), apply to the credit under this subsection.
AB844,6,103 (g) Partnerships, limited liability companies and tax-option corporations may
4not claim the credit under this subsection, but the eligibility for, and the amount of,
5the credit are based on their payment of the amount under par. (b). A partnership,
6limited liability company or tax-option corporation shall compute the amount of
7credit that each of its partners, members or shareholders may claim and shall
8provide that information to each of them. Partners, members of limited liability
9companies and shareholders of tax-option corporations may claim the credit in
10proportion to their ownership interest.
AB844,6,1211 (h) Subsection (4) (g) and (h), as it applies to the credit under sub. (4), applies
12to the credit under this subsection.
AB844, s. 7 13Section 7. 71.30 (3) (eon) of the statutes is created to read:
AB844,6,1414 71.30 (3) (eon) Information technology training credit under s. 71.28 (5s).
AB844, s. 8 15Section 8. 71.34 (1) (g) of the statutes is amended to read:
AB844,6,1816 71.34 (1) (g) An addition shall be made for credits computed by a tax-option
17corporation under s. 71.28 (1dd), (1de), (1di), (1dj), (1dL), (1ds), (1dx) and, (3) and (5s)
18and passed through to shareholders.
AB844, s. 9 19Section 9. 71.45 (2) (a) 10. of the statutes is amended to read:
AB844,6,2520 71.45 (2) (a) 10. By adding to federal taxable income the amount of credit
21computed under s. 71.47 (1dd) to (1dx) and (5s) and not passed through by a
22partnership, limited liability company or tax-option corporation that has added that
23amount to the partnership's, limited liability company's or tax-option corporation's
24income under s. 71.21 (4) or 71.34 (1) (g) and the amount of credit computed under
25s. 71.47 (1), (3), (4) and (5).
AB844, s. 10
1Section 10. 71.47 (5s) of the statutes is created to read:
AB844,7,22 71.47 (5s) Information technology training credit. (a) In this subsection:
AB844,7,33 1. "Claimant" means a corporation that files a claim under this subsection.
AB844,7,44 2. "Information technology" has the meaning given in s. 16.97 (6).
AB844,7,65 3. "Qualified institution" means any university, college, technical college or
6school approved under s. 45.54.
AB844,7,107 (b) Subject to the limitations provided in this subsection, a claimant may claim
8as a credit against the tax imposed under s. 71.43 an amount equal to 50% of the
9amount that the claimant paid during the taxable year for an employe to receive
10information technology training at a qualified institution.
AB844,7,1311 (c) The amount of the credit for each claimant under this subsection shall not
12exceed $2,500 in a taxable year for each employe for whom the claimant pays an
13amount as provided in par. (b).
AB844,7,1614 (d) A claimant who receives a credit under par. (b) shall add to the claimant's
15liability for taxes imposed under s. 71.43 an amount that is equal to the total amount
16of the credits received under par. (b), if any of the following occur:
AB844,7,1917 1. The employe who received the training as specified under par. (b) is not
18employed in this state in an occupation related to information technology within one
19year after the employe completes the training.
AB844,7,2120 2. The employe who received the training as specified under par. (b) is employed
21in this state in an occupation related to information technology for less than one year.
AB844,7,2422 (e) A claimant may not claim the credit under par. (b) for any amounts that the
23claimant has excluded under s. 71.05 (6) (b) 28. or under section 127 of the Internal
24Revenue Code.
AB844,8,2
1(f) The carry-over provisions of s. 71.28 (4) (e) and (f), as they apply to the credit
2under s. 71.28 (4), apply to the credit under this subsection.
AB844,8,103 (g) Partnerships, limited liability companies and tax-option corporations may
4not claim the credit under this subsection, but the eligibility for, and the amount of,
5the credit are based on their payment of the amount under par. (b). A partnership,
6limited liability company or tax-option corporation shall compute the amount of
7credit that each of its partners, members or shareholders may claim and shall
8provide that information to each of them. Partners, members of limited liability
9companies and shareholders of tax-option corporations may claim the credit in
10proportion to their ownership interest.
AB844,8,1211 (h) Section 71.28 (4) (g) and (h), as it applies to the credit under s. 71.28 (4),
12applies to the credit under this subsection.
AB844, s. 11 13Section 11. 71.49 (1) (eon) of the statutes is created to read:
AB844,8,1414 71.49 (1) (eon) Information technology training credit under s. 71.47 (5s).
AB844, s. 12 15Section 12. 77.92 (4) of the statutes, as affected by 1999 Wisconsin Act 9, is
16amended to read:
AB844,9,617 77.92 (4) "Net business income", with respect to a partnership, means taxable
18income as calculated under section 703 of the Internal Revenue Code; plus the items
19of income and gain under section 702 of the Internal Revenue Code, including taxable
20state and municipal bond interest and excluding nontaxable interest income or
21dividend income from federal government obligations; minus the items of loss and
22deduction under section 702 of the Internal Revenue Code, except items that are
23deductible under s. 71.21; plus guaranteed payments to partners under section 707
24(c) of the Internal Revenue Code; plus the credits claimed under s. 71.07 (2dd), (2de),
25(2di), (2dj), (2dL), (2dr), (2ds), (2dx) and, (3s) and (5s) and plus or minus, as

1appropriate, transitional adjustments, depreciation differences and basis
2differences under s. 71.05 (13), (15), (16), (17) and (19); but excluding income, gain,
3loss and deductions from farming. "Net business income", with respect to a natural
4person, estate or trust, means profit from a trade or business for federal income tax
5purposes and includes net income derived as an employe as defined in section 3121
6(d) (3) of the Internal Revenue Code.
AB844, s. 13 7Section 13. Initial applicability.
AB844,9,128 (1) Information technology training credit. This act first applies to taxable
9years beginning on January 1 of the year in which this subsection takes effect, except
10that if this subsection takes effect after July 31 this act first applies to taxable years
11beginning on January 1 of the year after the year in which this subsection takes
12effect.
AB844,9,1313 (End)
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