SB451,20,4
120.145 (5) Health Insurance Risk-Sharing Plan. (g) Insurer assessments. All
2moneys received in insurer assessments under s. 149.13, to be paid to the Health
3Insurance Risk-Sharing Plan Authority under subch. III of ch. 149 for deposit in the
4Health Insurance Risk-Sharing Plan fund under s. 149.11 (2).
SB451,20,85 (m) Federal grants for high risk pool. All moneys received from the federal
6government in high risk pool grants, to be paid to the Health Insurance
7Risk-Sharing Plan Authority under subch. III of ch. 149 for deposit in the Health
8Insurance Risk-Sharing Plan fund under s. 149.11 (2).
SB451, s. 38 9Section 38. 20.435 (4) (u) of the statutes is repealed.
SB451, s. 39 10Section 39. 20.435 (4) (v) of the statutes is repealed.
SB451, s. 40 11Section 40. 25.17 (1) (gf) of the statutes is repealed.
SB451, s. 41 12Section 41. 25.55 (intro.) of the statutes is repealed.
SB451, s. 42 13Section 42. 25.55 (3) of the statutes is renumbered 149.11 (2) (a) 1. and
14amended to read:
SB451,20,1615 149.11 (2) (a) 1. Insurer assessments under ch. 149 s. 149.13, paid to the
16authority under s. 20.145 (5) (g)
.
SB451, s. 43 17Section 43. 25.55 (4) of the statutes is renumbered 149.11 (2) (a) 2. and
18amended to read:
SB451,20,1919 149.11 (2) (a) 2. Premiums paid by eligible persons under ch. 149.
SB451, s. 44 20Section 44. 71.07 (5g) of the statutes is created to read:
SB451,20,2521 71.07 (5g) Health Insurance Risk-Sharing Plan assessments credit. (a)
22Definitions. In this subsection, "claimant" means a partner, limited liability
23company member, or tax-option corporation shareholder who files a claim under this
24subsection and who is a partner, member, or shareholder of an entity that is an
25insurer, as defined in s. 149.10 (5).
SB451,21,5
1(b) Filing claims. Subject to the limitations provided under this subsection, for
2taxable years beginning after December 31, 2005, a claimant may claim as a credit
3against the taxes imposed under s. 71.02 an amount that is equal to a percentage of
4the amount of the assessment under s. 149.13 that the claimant paid in the calendar
5year in which the claimant's taxable year begins.
SB451,21,106 (c) Limitations. 1. The department of revenue, in consultation with the office
7of the commissioner of insurance, shall determine the percentage under par. (b) for
8each claimant for each taxable year so that the amount of the credit awarded to all
9claimants under this subsection and ss. 71.28 (5g), 71.47 (5g), and 76.655 is as close
10as practicable to $5,000,000 in each fiscal year.
SB451,21,1811 2. Partnerships, limited liability companies, and tax-option corporations may
12not claim the credit under this subsection, but the eligibility for, and the amount of,
13the credit are based on their payment of amounts described under par. (b). A
14partnership, limited liability company, or tax-option corporation shall compute the
15amount of credit that each of its partners, members, or shareholders may claim and
16shall provide that information to each of them. Partners, members of limited liability
17companies, and shareholders of tax-option corporations may claim the credit in
18proportion to their ownership interests.
SB451,21,2319 3. The amount of any credits that a claimant is awarded under this subsection
20for taxable years beginning after December 31, 2005, and before January 1, 2008,
21may first be claimed against the tax imposed under this subchapter for taxable years
22beginning after December 31, 2007, and in the manner determined by the
23department of revenue.
SB451,21,2524 (d) Administration. Section 71.28 (4) (e) to (h), as it applies to the credit under
25s. 71.28 (4), applies to the credit under this subsection.
SB451, s. 45
1Section 45. 71.10 (4) (cp) of the statutes is created to read:
SB451,22,32 71.10 (4) (cp) Health Insurance Risk-Sharing Plan assessments credit under
3s. 71.07 (5g).
SB451, s. 46 4Section 46. 71.21 (4) of the statutes is amended to read:
SB451,22,75 71.21 (4) Credits computed by a partnership under s. 71.07 (2dd), (2de), (2di),
6(2dj), (2dL), (2dm), (2ds), (2dx), (3g), (3n), (3s), (3t), and (5b), and (5g) and passed
7through to partners shall be added to the partnership's income.
SB451, s. 47 8Section 47. 71.26 (2) (a) of the statutes is amended to read:
SB451,23,29 71.26 (2) (a) Corporations in general. The "net income" of a corporation means
10the gross income as computed under the Internal Revenue Code as modified under
11sub. (3) minus the amount of recapture under s. 71.28 (1di) plus the amount of credit
12computed under s. 71.28 (1), (3), (4), and (5) minus, as provided under s. 71.28 (3) (c)
137., the amount of the credit under s. 71.28 (3) that the taxpayer added to income
14under this paragraph at the time that the taxpayer first claimed the credit plus the
15amount of the credit computed under s. 71.28 (1dd), (1de), (1di), (1dj), (1dL), (1dm),
16(1ds), (1dx), (3g), (3n), (3t), and (5b), (5g) and not passed through by a partnership,
17limited liability company, or tax-option corporation that has added that amount to
18the partnership's, limited liability company's, or tax-option corporation's income
19under s. 71.21 (4) or 71.34 (1) (g) plus the amount of losses from the sale or other
20disposition of assets the gain from which would be wholly exempt income, as defined
21in sub. (3) (L), if the assets were sold or otherwise disposed of at a gain and minus
22deductions, as computed under the Internal Revenue Code as modified under sub.
23(3), plus or minus, as appropriate, an amount equal to the difference between the
24federal basis and Wisconsin basis of any asset sold, exchanged, abandoned, or

1otherwise disposed of in a taxable transaction during the taxable year, except as
2provided in par. (b) and s. 71.45 (2) and (5).
SB451, s. 48 3Section 48. 71.28 (5g) of the statutes is created to read:
SB451,23,64 71.28 (5g) Health Insurance Risk-Sharing Plan assessments credit. (a)
5Definitions. In this subsection, "claimant" means an insurer, as defined in s. 149.10
6(5), who files a claim under this subsection.
SB451,23,117 (b) Filing claims. Subject to the limitations provided under this subsection, for
8taxable years beginning after December 31, 2005, a claimant may claim as a credit
9against the taxes imposed under s. 71.23 an amount that is equal to a percentage of
10the amount of assessment under s. 149.13 that the claimant paid in the calendar year
11in which the claimant's taxable year begins.
SB451,23,1612 (c) Limitations. 1. The department of revenue, in consultation with the office
13of the commissioner of insurance, shall determine the percentage under par. (b) for
14each claimant for each taxable year so that the amount of the credit awarded to all
15claimants under this subsection and ss. 71.07 (5g), 71.47 (5g), and 76.655 is as close
16as practicable to $5,000,000 in each fiscal year.
SB451,23,2417 2. 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 are based on their payment of amounts described under par. (b). A
20partnership, limited liability company, or tax-option corporation shall compute the
21amount of credit that each of its partners, members, or shareholders may claim and
22shall provide that information to each of them. Partners, members of limited liability
23companies, and shareholders of tax-option corporations may claim the credit in
24proportion to their ownership interests.
SB451,24,5
13. The amount of any credits that a claimant is awarded under this subsection
2for taxable years beginning after December 31, 2005, and before January 1, 2008,
3may first be claimed against the tax imposed under this subchapter for taxable years
4beginning after December 31, 2007, and in the manner determined by the
5department of revenue.
SB451,24,76 (d) Administration. Subsection (4) (e) to (h), as it applies to the credit under
7sub. (4), applies to the credit under this subsection.
SB451, s. 49 8Section 49. 71.30 (3) (dm) of the statutes is created to read:
SB451,24,109 71.30 (3) (dm) Health Insurance Risk-Sharing Plan assessments credit under
10s. 71.28 (5g).
SB451, s. 50 11Section 50. 71.34 (1) (g) of the statutes is amended to read:
SB451,24,1412 71.34 (1) (g) An addition shall be made for credits computed by a tax-option
13corporation under s. 71.28 (1dd), (1de), (1di), (1dj), (1dL), (1dm), (1ds), (1dx), (3), (3g),
14(3n), (3t), and (5b), and (5g) and passed through to shareholders.
SB451, s. 51 15Section 51. 71.45 (2) (a) 10. of the statutes is amended to read:
SB451,24,2116 71.45 (2) (a) 10. By adding to federal taxable income the amount of credit
17computed under s. 71.47 (1dd) to (1dx), (3n), and (5b), and (5g) and not passed
18through by a partnership, limited liability company, or tax-option corporation that
19has added that amount to the partnership's, limited liability company's, or
20tax-option corporation's income under s. 71.21 (4) or 71.34 (1) (g) and the amount of
21credit computed under s. 71.47 (1), (3), (3t), (4), and (5).
SB451, s. 52 22Section 52. 71.47 (5g) of the statutes is created to read:
SB451,24,2523 71.47 (5g) Health Insurance Risk-Sharing Plan assessments credit. (a)
24Definitions. In this subsection, "claimant" means an insurer, as defined in s. 149.10
25(5), who files a claim under this subsection.
SB451,25,5
1(b) Filing claims. Subject to the limitations provided under this subsection, for
2taxable years beginning after December 31, 2005, a claimant may claim as a credit
3against the taxes imposed under s. 71.43 an amount that is equal to a percentage of
4the amount of assessment under s. 149.13 that the claimant paid in the calendar year
5in which the claimant's taxable year begins.
SB451,25,106 (c) Limitations. 1. The department of revenue, in consultation with the office
7of the commissioner of insurance, shall determine the percentage under par. (b) for
8each claimant for each taxable year so that the amount of the credit awarded to all
9claimants under this subsection and ss. 71.07 (5g), 71.28 (5g), and 76.655 is as close
10as practicable to $5,000,000 in each fiscal year.
SB451,25,1811 2. Partnerships, limited liability companies, and tax-option corporations may
12not claim the credit under this subsection, but the eligibility for, and the amount of,
13the credit are based on their payment of amounts described under par. (b). A
14partnership, limited liability company, or tax-option corporation shall compute the
15amount of credit that each of its partners, members, or shareholders may claim and
16shall provide that information to each of them. Partners, members of limited liability
17companies, and shareholders of tax-option corporations may claim the credit in
18proportion to their ownership interests.
SB451,25,2319 3. The amount of any credits that a claimant is awarded under this subsection
20for taxable years beginning after December 31, 2005, and before January 1, 2008,
21may first be claimed against the tax imposed under this subchapter for taxable years
22beginning after December 31, 2007, and in the manner determined by the
23department of revenue.
SB451,25,2524 (d) Administration. Section 71.28 (4) (e) to (h), as it applies to the credit under
25s. 71.28 (4), applies to the credit under this subsection.
SB451, s. 53
1Section 53. 71.49 (1) (dm) of the statutes is created to read:
SB451,26,32 71.49 (1) (dm) Health Insurance Risk-Sharing Plan assessments credit under
3s. 71.47 (5g).
SB451, s. 54 4Section 54. 76.655 of the statutes is created to read:
SB451,26,7 576.655 Health Insurance Risk-Sharing Plan assessments credit. (1)
6Definitions. In this section, "claimant" means an insurer, as defined in s. 149.10 (5),
7who files a claim under this section.
SB451,26,12 8(2) Filing claims. Subject to the limitations provided under this section, for
9taxable years beginning after December 31, 2005, a claimant may claim as a credit
10against the fees imposed under ss. 76.60, 76.63, 76.65, 76.66 or 76.67 an amount that
11is equal to a percentage of the amount of assessment under s. 149.13 that the
12claimant paid in the calendar year in which the claimant's taxable year begins.
SB451,26,17 13(3) Limitations. (a) The department of revenue, in consultation with the office
14of the commissioner of insurance, shall determine the percentage under sub. (2) for
15each claimant for each taxable year so that the amount of the credit awarded to all
16claimants under this section and ss. 71.07 (5g), 71.28 (5g), and 71.47 (5g) is as close
17as practicable to $5,000,000 in each fiscal year.
SB451,26,2218 (b) The amount of any credits that a claimant is awarded under this section for
19taxable years beginning after December 31, 2005, and before January 1, 2008, may
20first be claimed against the fees imposed under ss. 76.60, 76.63, 76.65, or 76.67 for
21taxable years beginning after December 31, 2007, and in the manner determined by
22the department of revenue.
SB451,27,3 23(4) Carry-forward. If the credit under sub. (2) is not entirely offset against the
24fees imposed under ss. 76.60, 76.63, 76.65, 76.66, or 76.67 that are otherwise due, the
25unused balance may be carried forward and credited against those fees in the

1following 15 years to the extent that it is not offset by those fees otherwise due in all
2the years between the year in which the assessment was paid and the year in which
3the carry-forward credit is claimed.
SB451, s. 55 4Section 55. 76.67 (2) of the statutes is amended to read:
SB451,27,145 76.67 (2) If any domestic insurer is licensed to transact insurance business in
6another state, this state may not require similar insurers domiciled in that other
7state to pay taxes greater in the aggregate than the aggregate amount of taxes that
8a domestic insurer is required to pay to that other state for the same year less the
9credit credits under s. ss. 76.635 and 76.655, except that the amount imposed shall
10not be less than the total of the amounts due under ss. 76.65 (2) and 601.93 and, if
11the insurer is subject to s. 76.60, 0.375% of its gross premiums, as calculated under
12s. 76.62, less offsets allowed under s. 646.51 (7) or under s. ss. 76.635 and 76.655
13against that total, and except that the amount imposed shall not be less than the
14amount due under s. 601.93.
SB451, s. 56 15Section 56. 77.92 (4) of the statutes is amended to read:
SB451,28,516 77.92 (4) "Net business income," with respect to a partnership, means taxable
17income as calculated under section 703 of the Internal Revenue Code; plus the items
18of income and gain under section 702 of the Internal Revenue Code, including taxable
19state and municipal bond interest and excluding nontaxable interest income or
20dividend income from federal government obligations; minus the items of loss and
21deduction under section 702 of the Internal Revenue Code, except items that are not
22deductible under s. 71.21; plus guaranteed payments to partners under section 707
23(c) of the Internal Revenue Code; plus the credits claimed under s. 71.07 (2dd), (2de),
24(2di), (2dj), (2dL), (2dm), (2dr), (2ds), (2dx), (3g), (3s), (3n), (3t), and (5b), and (5g); and
25plus or minus, as appropriate, transitional adjustments, depreciation differences,

1and basis differences under s. 71.05 (13), (15), (16), (17), and (19); but excluding
2income, gain, loss, and deductions from farming. "Net business income," with respect
3to a natural person, estate, or trust, means profit from a trade or business for federal
4income tax purposes and includes net income derived as an employee as defined in
5section 3121 (d) (3) of the Internal Revenue Code.
SB451, s. 57 6Section 57. 101.055 (2) (a) of the statutes is amended to read:
SB451,28,117 101.055 (2) (a) "Agency" means an office, department, independent agency,
8authority, institution, association, society, or other body in state government created
9or authorized to be created by the constitution or any law, and includes the
10legislature and the courts, but excludes the Health Insurance Risk-Sharing Plan
11Authority
.
SB451, s. 58 12Section 58. 101.177 (1) (d) of the statutes is amended to read:
SB451,28,2113 101.177 (1) (d) "State agency" means any office, department, agency,
14institution of higher education, association, society, or other body in state
15government created or authorized to be created by the constitution or any law which
16, that is entitled to expend moneys appropriated by law, including the legislature and
17the courts, the Wisconsin Housing and Economic Development Authority, the
18Bradley Center Sports and Entertainment Corporation, the University of Wisconsin
19Hospitals and Clinics Authority, and the Wisconsin Health and Educational
20Facilities Authority, but excluding the Health Insurance Risk-Sharing Plan
21Authority
.
SB451, s. 59 22Section 59. Chapter 149 (title) of the statutes is amended to read:
SB451,28,2323 CHAPTER 149
SB451,28,25 24Mandatory health insurance
25 risk-sharing plan Plans
SB451, s. 60
1Section 60. Subchapter I (title) of chapter 149 [precedes 149.10] of the statutes
2is created to read:
SB451,29,33 CHAPTER 149
SB451,29,54 subchapter I
5 General provisions
SB451, s. 61 6Section 61. 149.10 (intro.) of the statutes is amended to read:
SB451,29,8 7149.10 Definitions. (intro.) In this chapter, unless the context requires
8otherwise
:
SB451, s. 62 9Section 62. 149.10 (1) of the statutes is created to read:
SB451,29,1110 149.10 (1) "Authority" means the Health Insurance Risk-Sharing Plan
11Authority.
SB451, s. 63 12Section 63. 149.10 (2) of the statutes is amended to read:
SB451,29,1413 149.10 (2) "Board" means the board of governors established under s. 149.15
14directors of the authority.
SB451, s. 64 15Section 64. 149.10 (2j) (a) 3. of the statutes is amended to read:
SB451,29,1716 149.10 (2j) (a) 3. Part A or, part B, or part D of title XVIII of the federal Social
17Security Act.
SB451, s. 65 18Section 65. 149.10 (2m) of the statutes is repealed.
SB451, s. 66 19Section 66. 149.10 (2t) (c) of the statutes is amended to read:
SB451,29,2320 149.10 (2t) (c) The individual does not have creditable coverage and is not
21eligible for coverage under a group health plan, part A or , part B, or part D of title
22XVIII of the federal Social Security Act or a state plan under title XIX of the federal
23Social Security Act or any successor program.
SB451, s. 67 24Section 67. 149.10 (3) of the statutes is amended to read:
SB451,30,3
1149.10 (3) "Eligible person" means a resident of this state who qualifies under
2s. 149.12 whether or not the person is legally responsible for the payment of medical
3expenses incurred on the person's behalf.
SB451, s. 68 4Section 68. 149.10 (3e) of the statutes is amended to read:
SB451,30,65 149.10 (3e) "Fund" means the health insurance risk-sharing plan Health
6Insurance Risk-Sharing Plan
fund under s. 149.11 (2).
SB451, s. 69 7Section 69. 149.10 (7) of the statutes is amended to read:
SB451,30,98 149.10 (7) "Medicare" means coverage under both part A and, part B, and part
9D
of Title XVIII of the federal social security act, 42 USC 1395 et seq., as amended.
SB451, s. 70 10Section 70. 149.10 (8) of the statutes is amended to read:
SB451,30,1211 149.10 (8) "Plan" means the health care insurance plan established and
12administered under subchapter II of this chapter.
SB451, s. 71 13Section 71. 149.10 (9) of the statutes is amended to read:
SB451,30,2414 149.10 (9) "Resident" means a person who has been legally domiciled in this
15state for a period of at least 30 days 3 months or, with respect to an eligible individual,
16an individual who resides in this state. For purposes of this chapter, legal domicile
17is established by living in this state and obtaining a Wisconsin motor vehicle
18operator's license, registering to vote in Wisconsin, or filing a Wisconsin income tax
19return. A child is legally domiciled in this state if the child lives in this state and if
20at least one of the child's parents or the child's guardian is legally domiciled in this
21state. A person with a developmental disability or another disability which that
22prevents the person from obtaining a Wisconsin motor vehicle operator's license,
23registering to vote in Wisconsin, or filing a Wisconsin income tax return, is legally
24domiciled in this state by living in this state.
SB451, s. 72 25Section 72. 149.10 (10) of the statutes is repealed.
SB451, s. 73
1Section 73. 149.105 of the statutes is created to read:
SB451,31,8 2149.105 Immunity. No cause of action of any nature may arise against, and
3no liability may be imposed upon, the authority, plan, or board; or any agent,
4employee, or director of any of them; or participating insurers; or the commissioner;
5or any of the commissioner's agents, employees, or representatives, for any act or
6omission by any of them in the performance of their powers and duties under this
7chapter, unless the person asserting liability proves that the act or omission
8constitutes willful misconduct.
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