This bill makes numerous changes with regard to historic buildings and
downtown development. Significant provisions include the following:
Historic buildings
State Historic Building Code
Current law authorizes the Department of Commerce (Commerce) to regulate
the preservation and restoration of qualified historic buildings. A qualified historic
building is a building that is listed on the national or state register of historic places,
or a certified local register of historic property, or that is located in a district that is
listed on the national or state register of historic places and is of historical
significance to the district. Current law permits Commerce, in consultation with the
Historic Building Code Council, to promulgate a historic building code that provides
specific standards for the preservation or restoration of qualified historic buildings,
while still providing for the health, safety, and welfare of occupants of and visitors
to historic buildings. In addition, to permit the preservation or restoration of
qualified historic buildings, Commerce may grant a variance from any rule
promulgated under the chapters of the statutes relating to the regulation of industry,
buildings, and safety or the regulation of plumbing, fire protection systems, and
swimming pools.
With certain exceptions, the owner of a qualified historic building may elect to
be subject to the State Historic Building Code. With limited exceptions, an owner
who makes this election is exempt from any provision of any other building code,
including a local building code, that concerns a matter that is dealt with in the State
Historic Building Code. Although current law does not contain an administrative
procedure designed specifically to determine whether an owner is entitled to this
exemption, current law does contain a procedure that an owner may follow to resolve
any conflicts between a local order and any order of Commerce that relates to the
safety of places of employment or certain buildings that are open to the public (public
buildings).
This bill specifies that the State Historic Building Code must be liberally
interpreted to facilitate the preservation and restoration of qualified historic
buildings. The bill also creates a specific administrative procedure for determining
the extent to which a provision in a local building code applies to a qualified historic
building. The bill permits the owner of a qualified historic building who has elected
to be governed by the State Historic Building Code to request that Commerce review
any decision of a local governmental unit that requires the owner to comply with a
provision in a local ordinance. Commerce must review the decision to determine
whether the provision in the ordinance concerns a matter dealt with in the State
Historic Building Code, in which case the owner would be exempt from the provision.
Commerce must consult with the State Historical Society (SHS) before making its

determination. The bill specifies that, in performing this review, Commerce must
follow the existing procedure for resolving conflicts between local orders and orders
of Commerce that relate to the safety of places of employment or public buildings.
In addition, the bill requires Commerce, in cooperation with the SHS, to develop an
informational pamphlet to increase public awareness and use of the State Historic
Building Code.
Historic buildings used as multifamily dwellings
Current law requires Commerce to promulgate rules that provide uniform
standards for the construction of multifamily dwellings and their components. With
certain exceptions, a multifamily dwelling is an apartment building, row house, town
house, condominium, or manufactured building that does not exceed 60 feet in height
or six stories and that consists of three or more attached dwelling units. These rules
currently apply to any building or portion of a building that is converted to a
multifamily dwelling after April 1, 1995, unless the building is a qualified historic
building and the owner elects to be subject to the State Historic Building Code. Rules
promulgated by Commerce also permit a local governmental unit to exercise
jurisdiction over the construction and inspection of multifamily dwellings by
adopting ordinances that are consistent with Commerce's rules on multifamily
dwellings. Currently, these rules contain specific requirements relating to the type,
height, and design of handrails and guardrails that are required to be used in
multifamily dwellings.
This bill permits a local governmental unit to adopt an ordinance that requires
the local governmental unit to grant a variance from these handrail and guardrail
requirements, as they apply to a qualified historic building that is converted from a
single-family dwelling to a multifamily dwelling, if the owner of the qualified
historic building shows that the type, height, and design of the handrail or guardrail
proposed for installation is historically appropriate and if the handrail or guardrail
is at least as protective of public safety as the rail that is otherwise required.
Historic rehabilitation tax credit
Under current law, a person who is eligible to claim a federal income tax credit
equal to either 10 percent of qualified expenses related to rehabilitating a qualified
building in this state or 20 percent of qualified expenses related to rehabilitating
historic property in this state may also claim a supplemental state income or
franchise tax credit that is equal to 5 percent of such qualified expenses.
Under the bill, for taxable years beginning in 2010, a person who is eligible to
claim the federal rehabilitation tax credit may claim the supplemental state
rehabilitation credit in an amount equal to 20 percent of qualified expenses, if the
rehabilitated property is located in this state and the SHS certifies the
rehabilitation. In addition, under the bill, a person who is not eligible to claim the
federal rehabilitation tax credit because the person's qualified expenses do not
satisfy the adjusted-basis requirement under federal law may claim the
supplemental state rehabilitation credit in an amount equal to 20 percent of
qualified expenses, if the qualified expenses are at least $10,000, the rehabilitated
property is located in this state and the SHS certifies the rehabilitation. The SHS
may charge and collect a fee for the certifications described in this paragraph in an

amount equal to 2 percent of the qualified expenses, but not less than $300 nor more
than $20,000. Fifty percent of the amount of such fees collected by the SHS will be
used to provide additional staffing for the administration of the State Main Street
Program, which is a program that promotes revitalization efforts in certain business
areas.
Under current law, a person may claim an income tax credit equal to 25 percent
of the qualified expenses to preserve or rehabilitate historic property that is used as
an owner-occupied personal residence. The SHS certifies those expenses.
Under this bill, for taxable years beginning in 2010, a person who is eligible to
claim the state income tax credit for preserving or rehabilitating historic property
may claim the state income tax credit in an amount equal to 30 percent of qualified
expenses, if the preserved or rehabilitated property is located in this state and the
SHS approves the preservation or rehabilitation. The SHS may charge and collect
a fee of $150 for certifying such expenses.
Under current law, if a person who claims the income tax credit for qualified
expenses to preserve or rehabilitate an owner-occupied personal residence sells the
property within five years from the date on which the preservation or rehabilitation
is completed, or if the SHS determines that the preservation or rehabilitation does
not comply with the standards established by the SHS, the person who claimed the
tax credit must pay to the state all, or a portion, of the amount of the credit that the
person received, depending on the date on which the person sold the property or on
the date on which the preservation or rehabilitation does not comply with SHS
standards.
Under this bill, if a person who claims the supplemental state income or
franchise tax credit for qualified expenses related to preserving or rehabilitating
historic property in this state sells the property within five years from the date on
which the preservation or rehabilitation is completed, or if the SHS determines that
the preservation or rehabilitation does not comply with the standards established by
the SHS, the person who claimed the tax credit must pay to the state all, or a portion,
of the amount of the credit that the person received, depending on the date on which
the person sold the property or the date on which the preservation or rehabilitation
does not comply with SHS standards.
Downtown development
Certification and promotion of downtowns
This bill requires Commerce to develop and publish guidelines to aid
communities in reconstructing central business districts that are destroyed or
severely damaged in major disasters. The bill also requires Commerce to promulgate
rules pursuant to which Commerce will certify downtowns. In addition, under the
bill, the Department of Tourism must promote travel to these certified downtowns
and to business areas that are or have been the subject of revitalization efforts under
the State Main Street Program.
Currently, the Building Commission (commission) submits biennial
recommendations to the legislature for revisions to the long-range state building
program. No state agency or authority may engage any person to undertake
construction of a building for the agency costing more than $100,000 without prior

approval of the commission. In addition, the commission has authority to lease land
and buildings to be used for state purposes unless that authority is granted by law
to another state agency.
This bill provides that the commission shall not authorize construction of any
state office building to be located outside of a downtown area certified by Commerce,
as required under the bill, unless the cost of locating the building inside such a
downtown area is more than 10 percent greater than the average cost of locating the
building outside the downtown areas of the territory that is served by the functions
to be performed in the building on the date of initial occupancy outside of such a
downtown area, as determined by the Department of Administration (DOA). The bill
also provides that the commission, in preparing its recommendations for the
long-range state building program, shall not recommend construction of a state
office building to be located outside of such a downtown area, unless the commission
would be authorized to permit construction of that building in the recommended
location. In addition, the bill prohibits the commission from approving the lease of
any building for state office facilities to be located outside of such a downtown area
unless the cost of locating the facilities inside such a downtown area is more than 10
percent greater than the average cost of locating the facilities outside the downtown
areas of the territory that is served by the functions to be performed in the facilities
on the date of initial occupancy under the lease outside of such a downtown area, as
determined by DOA.
This bill imposes additional requirements relating to highway projects that are
funded by the Department of Transportation (DOT) and that involve a highway in
a business area included in the State Main Street Program or in a downtown certified
by Commerce. First, DOT must consult, during preliminary stages of a proposed
highway project, on issues concerning the proposed project and its effect on the
business or certified downtown area with Commerce and, unless none exists, with
a local board or downtown planning organization of that municipality. Second, DOT
must, during the concept definition phase of the project, recognize the high visual
and aesthetic significance of, and impact related to, these types of highway projects
in evaluating the aesthetic and visual impact of the project.
For further information see the state and local fiscal estimate, which will be
printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
SB55, s. 1 1Section 1. 13.48 (7) of the statutes is amended to read:
SB55,6,122 13.48 (7) Biennial recommendations. The building commission shall prepare
3and formally adopt recommendations for the long-range state building program on
4a biennial basis. The building commission shall include in its report any projects

1proposed by the state fair park board involving a cost of not more than $250,000,
2together with the method of financing those projects proposed by the board, without
3recommendation. Unless a later date is requested by the building commission and
4approved by the joint committee on finance, the building commission shall, no later
5than the first Tuesday in April of each odd-numbered year, transmit the report
6prepared by the department of administration under s. 16.40 (20) and the
7commission's recommendations for the succeeding fiscal biennium that require
8legislative approval to the joint committee on finance in the form of proposed
9legislation prepared in proper form. If the building commission includes any
10recommendation for construction of a state office building, the commission shall
11ensure that the recommended location of the building is consistent with construction
12requirements under sub. (10) (c).
SB55, s. 2 13Section 2. 13.48 (10) (c) of the statutes is created to read:
SB55,6,2114 13.48 (10) (c) Unless otherwise required by law, the building commission shall
15not authorize the construction of any state office building, whether for utilization by
16a single agency or otherwise, to be located outside of a downtown area, as certified
17under s. 560.03 (21m), unless the cost of locating the building inside a downtown area
18is more than 10 percent greater than the average cost of locating the building in that
19portion of the territory that is served by the functions to be performed in the building
20on the date of initial occupancy outside of any downtown area, as determined by the
21department of administration.
SB55, s. 3 22Section 3. 13.48 (15) of the statutes is amended to read:
SB55,7,823 13.48 (15) Acquisition of leasehold interests. Subject to the requirements
24of s. 20.924 (1) (i), the building commission shall have the authority to acquire
25leasehold interests in land and buildings where such authority is not otherwise

1provided to an agency by law. The building commission shall not approve any lease
2for state office facilities, whether for utilization by a single agency or otherwise, to
3be located outside of a downtown area, as certified under s. 560.03 (21m), unless the
4cost of locating the facilities inside a downtown area is more than 10 percent greater
5than the average cost of locating the facilities in that portion of the territory that is
6served by the functions to be performed in the facilities on the date of initial
7occupancy under the lease outside of any downtown area, as determined by the
8department of administration.
SB55, s. 4 9Section 4. 20.143 (1) (gb) of the statutes is created to read:
SB55,7,1210 20.143 (1) (gb) Certified downtowns and business district reconstruction. All
11moneys received from the historical society under s. 44.02 (24d) (b) for the purpose
12of providing staff for the administration of ss. 560.03 (21m) and 560.083.
SB55, s. 5 13Section 5. 41.11 (1) (bm) of the statutes is created to read:
SB55,7,1614 41.11 (1) (bm) Promote travel to business areas that are or have been the
15subject of revitalization efforts under the State Main Street Program under s.
16560.081 or that are certified downtowns under s. 560.03 (21m).
SB55, s. 6 17Section 6. 44.02 (24) of the statutes is renumbered 44.02 (24) (a).
SB55, s. 7 18Section 7. 44.02 (24) (b) of the statutes is created to read:
SB55,7,2119 44.02 (24) (b) Charge a fee of $150 for a certification under par. (a). The
20historical society shall collect the fee under this paragraph when an applicant
21applies for certification under par. (a).
SB55, s. 8 22Section 8. 44.02 (24d) of the statutes is created to read:
SB55,8,223 44.02 (24d) (a) Promulgate by rule procedures, standards, and forms necessary
24to certify, and shall certify, expenditures for preservation or rehabilitation of historic
25property for the purposes of ss. 71.07 (9m), 71.28 (6), and 71.47 (6). Those standards

1shall be substantially similar to the standards used by the secretary of the interior
2to certify rehabilitations under 26 USC 47 (c) (2).
SB55,8,93 (b) Charge a fee for a certification under par. (a) equal to 2 percent of the
4qualified rehabilitation expenditures for the historic property that is the subject of
5the certification, except that no fee under this paragraph may be less than $300 nor
6more than $20,000. The historical society shall collect the fee under this paragraph
7when an applicant applies for certification under par. (a). Fifty percent of the amount
8collected under this paragraph shall be deposited into the appropriation account
9under s. 20.143 (1) (gb).
SB55, s. 9 10Section 9. 71.07 (9m) (a) of the statutes is renumbered 71.07 (9m) (a) 1. and
11amended to read:
SB55,8,1912 71.07 (9m) (a) 1. Any person may claim as a credit against the taxes otherwise
13due
imposed under this chapter s. 71.02, up to the amount of those taxes, an amount
14equal to 5% 5 percent of the costs of qualified rehabilitation expenditures, as defined
15in section 47 (c) (2) of the internal revenue code Internal Revenue Code, for certified
16historic structures on property located in this state, if the physical work of
17construction or destruction in preparation for construction begins after December
1831, 1988, and before January 1, 2010, and the rehabilitated property is placed in
19service after June 30, 1989.
SB55, s. 10 20Section 10. 71.07 (9m) (a) 2. of the statutes is created to read:
SB55,9,221 71.07 (9m) (a) 2. a. Any person may claim as a credit against the taxes imposed
22under s. 71.02, up to the amount of those taxes, an amount equal to 20 percent of the
23costs of qualified rehabilitation expenditures, as defined in section 47 (c) (2) of the
24Internal Revenue Code, for certified historic structures on property located in this

1state, if the physical work of construction or destruction in preparation for
2construction begins after December 31, 2009.
SB55,9,173 b. A person whose qualified rehabilitation expenditures do not satisfy the
4adjusted basis requirement under section 47 (c) (1) of the Internal Revenue Code, but
5who otherwise would be eligible to claim the rehabilitation credit under section 47
6of the Internal Revenue Code, may claim as a credit against the taxes imposed under
7s. 71.02, up to the amount of those taxes, an amount equal to 20 percent of the costs
8of qualified rehabilitation expenditures, as defined in section 47 (c) (2) of the Internal
9Revenue Code, if the property is located in this state; if the person's qualified
10rehabilitation expenditures, as defined in section 47 (c) (2) of the Internal Revenue
11Code, are at least $10,000; if the rehabilitation is approved by the state historical
12society before the physical work of construction, or destruction in preparation for
13construction, begins; if the person includes evidence of such approval with the
14person's return; if the physical work of construction, or destruction in preparation
15for construction, begins after December 31, 2009; and if the person claims the credit
16for the same taxable year in which the person would have claimed the credit for
17federal purposes.
SB55, s. 11 18Section 11. 71.07 (9m) (c) of the statutes is amended to read:
SB55,9,2519 71.07 (9m) (c) No person may claim the a credit under this subsection unless
20the claimant includes with the claimant's return evidence that the rehabilitation was
21approved recommended by the state historic preservation officer for approval by the
22secretary of the interior under 36 CFR 67.6 before the physical work of construction,
23or destruction in preparation for construction, began, and the claimant claims the
24credit for the same taxable year in which the claimant would have claimed the credit
25for federal purposes
.
SB55, s. 12
1Section 12. 71.07 (9m) (g) of the statutes is created to read:
SB55,10,92 71.07 (9m) (g) A person who has incurred qualified rehabilitation
3expenditures, as defined in section 47 (c) (2) of the Internal Revenue Code, for
4certified historic structures located in this state, as described in par. (a), but who is
5not a resident of this state and who is not required to file a return under this chapter,
6may enter into an agreement with another person, with the department's approval
7and in the manner prescribed by the department, so that the other person may claim
8the credit under this subsection, if the other person is subject to the taxes imposed
9under s. 71.02.
SB55, s. 13 10Section 13. 71.07 (9m) (h) of the statutes is created to read:
SB55,10,1911 71.07 (9m) (h) A person who receives a credit under this subsection shall add
12to the person's liability for taxes imposed under s. 71.02 one of the following
13percentages of the amount of the credits received under this subsection for
14rehabilitating or preserving the property if, within 5 years after the date on which
15the preservation or rehabilitation work that was the basis of the credit is completed,
16the person either sells or conveys the property by deed or land contract or the state
17historical society certifies to the department of revenue that the historic property has
18been altered to the extent that it does not comply with the standards promulgated
19under s. 44.02 (24d):
SB55,10,2120 1. If the sale, conveyance, or noncompliance occurs during the first year after
21the date on which the preservation or rehabilitation is completed, 100 percent.
SB55,10,2322 2. If the sale, conveyance, or noncompliance occurs during the 2nd year after
23the date on which the preservation or rehabilitation is completed, 80 percent.
SB55,10,2524 3. If the sale, conveyance, or noncompliance occurs during the 3rd year after
25the date on which the preservation or rehabilitation is completed, 60 percent.
SB55,11,2
14. If the sale, conveyance, or noncompliance occurs during the 4th year after
2the date on which the preservation or rehabilitation is completed, 40 percent.
SB55,11,43 5. If the sale, conveyance, or noncompliance occurs during the 5th year after
4the date on which the preservation or rehabilitation is completed, 20 percent.
SB55, s. 14 5Section 14. 71.07 (9r) (a) of the statutes is renumbered 71.07 (9r) (a) 1. and
6amended to read:
SB55,11,187 71.07 (9r) (a) 1. For taxable years beginning on or after August 1, 1988 July
831, 1988, and before January 1, 2010
, any natural person may claim as a credit
9against the taxes otherwise due imposed under s. 71.02, up to the amount of those
10taxes,
an amount equal to 25% 25 percent of the costs of preservation or
11rehabilitation of historic property located in this state, including architectural fees
12and costs incurred in preparing nomination forms for listing in the national register
13of historic places in Wisconsin or the state register of historic places, if the
14nomination is made within 5 years prior to submission of a preservation or
15rehabilitation plan under par. (b) 3. b., and if the physical work of construction or
16destruction in preparation for construction begins after December 31, 1988, except
17that the credit may not exceed $10,000, or $5,000 for married persons filing
18separately, for any preservation or rehabilitation project.
SB55, s. 15 19Section 15. 71.07 (9r) (a) 2. of the statutes is created to read:
SB55,12,520 71.07 (9r) (a) 2. For taxable years beginning after December 31, 2009, any
21natural person may claim as a credit against the taxes imposed under s. 71.02, up
22to the amount of those taxes, an amount equal to 30 percent of the costs of
23preservation or rehabilitation of historic property that is located in this state,
24including architectural fees and costs incurred in preparing nomination forms for
25listing in the national register of historic places in Wisconsin or the state register of

1historic places, if the nomination is made within 5 years prior to submission of a
2preservation or rehabilitation plan under par. (b) 3. b., and if the physical work of
3construction or destruction in preparation for construction begins after December
431, 2009, except that the credit may not exceed $10,000, or $5,000 for married
5persons filing separately, for any preservation or rehabilitation project.
SB55, s. 16 6Section 16. 71.28 (6) (a) of the statutes is renumbered 71.28 (6) (a) 1. and
7amended to read:
SB55,12,158 71.28 (6) (a) 1. Any person may claim as a credit against the taxes otherwise
9due
imposed under this chapter s. 71.23, up to the amount of those taxes, an amount
10equal to 5% 5 percent of the costs of qualified rehabilitation expenditures, as defined
11in section 47 (c) (2) of the internal revenue code Internal Revenue Code, for certified
12historic structures on property located in this state, if the physical work of
13construction or destruction in preparation for construction begins after December
1431, 1988, and before January 1, 2010, and the rehabilitated property is placed in
15service after June 30, 1989.
SB55, s. 17 16Section 17. 71.28 (6) (a) 2. of the statutes is created to read:
SB55,12,2217 71.28 (6) (a) 2. a. Any person may claim as a credit against the taxes imposed
18under s. 71.23, up to the amount of those taxes, an amount equal to 20 percent of the
19costs of qualified rehabilitation expenditures, as defined in section 47 (c) (2) of the
20Internal Revenue Code, for certified historic structures on property located in this
21state, if the physical work of construction or destruction in preparation for
22construction begins after December 31, 2009.
SB55,13,1223 b. A person whose qualified rehabilitation expenditures do not satisfy the
24adjusted basis requirement under section 47 (c) (1) of the Internal Revenue Code, but
25who otherwise would be eligible to claim the rehabilitation credit under section 47

1of the Internal Revenue Code, may claim as a credit against the taxes imposed under
2s. 71.23, up to the amount of those taxes, an amount equal to 20 percent of the costs
3of qualified rehabilitation expenditures, as defined in section 47 (c) (2) of the Internal
4Revenue Code, if the property is located in this state; if the person's qualified
5rehabilitation expenditures, as defined in section 47 (c) (2) of the Internal Revenue
6Code, are at least $10,000; if the rehabilitation is approved by the state historical
7society before the physical work of construction, or destruction in preparation for
8construction, begins; if the person includes evidence of such approval with the
9person's return; if the physical work of construction, or destruction in preparation
10for construction, begins after December 31, 2009; and if the person claims the credit
11for the same taxable year in which the person would have claimed the credit for
12federal purposes.
SB55, s. 18 13Section 18. 71.28 (6) (c) of the statutes is amended to read:
SB55,13,2014 71.28 (6) (c) No person may claim the a credit under this subsection unless the
15claimant includes with the claimant's return evidence that the rehabilitation was
16approved recommended by the state historic preservation officer for approval by the
17secretary of the interior under 36 CFR 67.6 before the physical work of construction,
18or destruction in preparation for construction, began, and the claimant claims the
19credit for the same taxable year in which the claimant would have claimed the credit
20for federal purposes
.
SB55, s. 19 21Section 19. 71.28 (6) (g) of the statutes is created to read:
SB55,14,422 71.28 (6) (g) A person who has incurred qualified rehabilitation expenditures,
23as defined in section 47 (c) (2) of the Internal Revenue Code, for certified historic
24structures located in this state, as described in par. (a), but who is not a resident of
25this state and who is not required to file a return under this chapter, may enter into

1an agreement with another person, with the department's approval and in the
2manner prescribed by the department, so that the other person may claim the credit
3under this subsection, if the other person is subject to the taxes imposed under s.
471.23.
SB55, s. 20 5Section 20. 71.28 (6) (h) of the statutes is created to read:
SB55,14,146 71.28 (6) (h) A person who receives a credit under this subsection shall add to
7the person's liability for taxes imposed under s. 71.23 one of the following
8percentages of the amount of the credits received under this subsection for
9rehabilitating or preserving the property if, within 5 years after the date on which
10the preservation or rehabilitation work that was the basis of the credit is completed,
11the person either sells or conveys the property by deed or land contract or the state
12historical society certifies to the department of revenue that the historic property has
13been altered to the extent that it does not comply with the standards promulgated
14under s. 44.02 (24d):
SB55,14,1615 1. If the sale, conveyance, or noncompliance occurs during the first year after
16the date on which the preservation or rehabilitation is completed, 100 percent.
SB55,14,1817 2. If the sale, conveyance, or noncompliance occurs during the 2nd year after
18the date on which the preservation or rehabilitation is completed, 80 percent.
SB55,14,2019 3. If the sale, conveyance, or noncompliance occurs during the 3rd year after
20the date on which the preservation or rehabilitation is completed, 60 percent.
SB55,14,2221 4. If the sale, conveyance, or noncompliance occurs during the 4th year after
22the date on which the preservation or rehabilitation is completed, 40 percent.
SB55,14,2423 5. If the sale, conveyance, or noncompliance occurs during the 5th year after
24the date on which the preservation or rehabilitation is completed, 20 percent.
SB55, s. 21
1Section 21. 71.47 (6) (a) of the statutes is renumbered 71.47 (6) (a) 1. and
2amended to read:
SB55,15,103 71.47 (6) (a) 1. Any person may claim as a credit against the taxes otherwise
4due
imposed under this chapter s. 71.43, up to the amount of those taxes, an amount
5equal to 5% 5 percent of the costs of qualified rehabilitation expenditures, as defined
6in section 47 (c) (2) of the internal revenue code Internal Revenue Code, for certified
7historic structures on property located in this state, if the physical work of
8construction or destruction in preparation for construction begins after December
931, 1988, and before January 1, 2010 and the rehabilitated property is placed in
10service after June 30, 1989.
SB55, s. 22 11Section 22. 71.47 (6) (a) 2. of the statutes is created to read:
SB55,15,1712 71.47 (6) (a) 2. a. Any person may claim as a credit against the taxes imposed
13under s. 71.43, up to the amount of those taxes, an amount equal to 20 percent of the
14costs of qualified rehabilitation expenditures, as defined in section 47 (c) (2) of the
15Internal Revenue Code, for certified historic structures on property located in this
16state, if the physical work of construction or destruction in preparation for
17construction begins after December 31, 2009.
SB55,16,718 b. A person whose qualified rehabilitation expenditures do not satisfy the
19adjusted basis requirement under section 47 (c) (1) of the Internal Revenue Code, but
20who otherwise would be eligible to claim the rehabilitation credit under section 47
21of the Internal Revenue Code, may claim as a credit against the taxes imposed under
22s. 71.43, up to the amount of those taxes, an amount equal to 20 percent of the costs
23of qualified rehabilitation expenditures, as defined in section 47 (c) (2) of the Internal
24Revenue Code, if the property is located in this state; if the person's qualified
25rehabilitation expenditures, as defined in section 47 (c) (2) of the Internal Revenue

1Code, are at least $10,000; if the rehabilitation is approved by the state historical
2society before the physical work of construction, or destruction in preparation for
3construction, begins; if the person includes evidence of such approval with the
4person's return; if the physical work of construction, or destruction in preparation
5for construction, begins after December 31, 2009; and if the person claims the credit
6for the same taxable year in which the person would have claimed the credit for
7federal purposes.
SB55, s. 23 8Section 23. 71.47 (6) (c) of the statutes is amended to read:
SB55,16,159 71.47 (6) (c) No person may claim the a credit under this subsection unless the
10claimant includes with the claimant's return evidence that the rehabilitation was
11approved recommended by the state historic preservation officer for approval by the
12secretary of the interior under 36 CFR 67.6 before the physical work of construction,
13or destruction in preparation for construction, began, and the claimant claims the
14credit for the same taxable year in which the claimant would have claimed the credit
15for federal purposes
.
SB55, s. 24 16Section 24. 71.47 (6) (g) of the statutes is created to read:
SB55,16,2417 71.47 (6) (g) A person who has incurred qualified rehabilitation expenditures,
18as defined in section 47 (c) (2) of the Internal Revenue Code, for certified historic
19structures located in this state, as described in par. (a), but who is not a resident of
20this state and who is not required to file a return under this chapter, may enter into
21an agreement with another person, with the department's approval and in the
22manner prescribed by the department, so that the other person may claim the credit
23under this subsection, if the other person is subject to the taxes imposed under s.
2471.43.
SB55, s. 25 25Section 25. 71.47 (6) (h) of the statutes is created to read:
SB55,17,9
171.47 (6) (h) A person who receives a credit under this subsection shall add to
2the person's liability for taxes imposed under s. 71.43 one of the following
3percentages of the amount of the credits received under this subsection for
4rehabilitating or preserving the property if, within 5 years after the date on which
5the preservation or rehabilitation work that was the basis of the credit is completed,
6the person either sells or conveys the property by deed or land contract or the state
7historical society certifies to the department of revenue that the historic property has
8been altered to the extent that it does not comply with the standards promulgated
9under s. 44.02 (24d):
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