AB358,5,5
14. a. The maximum amount of the credits that may be claimed under this
2subsection and ss. 71.28 (6f) and 71.47 (6f) for the purchase and installation of stoves
3and the purchase and installation of furnaces and boilers with outputs less than or
4equal to 200,000 British thermal units is $2,500,000 in 2011, $3,500,000 in 2012,
5$3,000,000 in 2013, $3,000,000 in 2014, $2,500,000 in 2015, and $2,500,000 in 2016.
AB358,5,106 b. The maximum amount of the credits that may be claimed under this
7subsection and ss. 71.28 (6f) and 71.47 (6f) for the purchase and installation of stoves
8or furnaces and boilers with outputs greater than 200,000 British thermal units is
9$1,500,000 in 2011, $2,500,000 in 2012, $2,000,000 in 2013, $2,000,000 in 2014,
10$1,500,000 in 2015, and $1,500,000 in 2016.
AB358,5,1311 5. The department may prorate the amount of the credits claimed under this
12subsection and ss. 71.28 (6f) and 71.47 (6f) so that the limitations under subd. 4. are
13not exceeded.
AB358,5,1514 (d) Administration. 1. Section 71.28 (4) (e), (g), and (h), as it applies to the
15credit under s. 71.28 (4), applies to the credit under this subsection.
AB358,5,2116 2. If a credit computed under this subsection is not entirely offset against
17Wisconsin income or franchise taxes otherwise due, the unused balance may be
18carried forward and credited against Wisconsin income or franchise taxes otherwise
19due for the following 3 taxable years to the extent not offset by these taxes otherwise
20due in all intervening years between the year in which the expense was incurred and
21the year in which the carry-forward credit is claimed.
AB358,5,2322 (e) Sunset. No new claim may be filed under this subsection for taxable years
23beginning after December 31, 2016.
AB358, s. 3 24Section 3. 71.10 (4) (cf) of the statutes is created to read:
AB358,5,2525 71.10 (4) (cf) The thermal biomass heating systems credit under s. 71.07 (6f).
AB358, s. 4
1Section 4. 71.21 (4) of the statutes is amended to read:
AB358,6,52 71.21 (4) Credits computed by a partnership under s. 71.07 (2dd), (2de), (2di),
3(2dj), (2dL), (2dm), (2ds), (2dx), (2dy), (3g), (3h), (3n), (3p), (3q), (3r), (3rm), (3rn), (3s),
4(3t), (3w), (5e), (5f), (5g), (5h), (5i), (5j), (5k), (5r), (5rm), (6f), and (8r) and passed
5through to partners shall be added to the partnership's income.
AB358, s. 5 6Section 5. 71.26 (2) (a) 4. of the statutes, as affected by 2011 Wisconsin Act 3,
7is amended to read:
AB358,6,148 71.26 (2) (a) 4. Plus the amount of the credit computed under s. 71.28 (1dd),
9(1de), (1di), (1dj), (1dL), (1dm), (1ds), (1dx), (1dy), (3g), (3h), (3n), (3p), (3q), (3r),
10(3rm), (3rn), (3t), (3w), (5e), (5f), (5g), (5h), (5i), (5j), (5k), (5r), (5rm), (6f), (8r), and
11(9s) and not passed through by a partnership, limited liability company, or
12tax-option corporation that has added that amount to the partnership's, limited
13liability company's, or tax-option corporation's income under s. 71.21 (4) or 71.34 (1k)
14(g).
AB358, s. 6 15Section 6. 71.28 (6f) of the statutes is created to read:
AB358,6,1716 71.28 (6f) Thermal biomass heating systems credit. (a) Definitions. In this
17subsection:
AB358,6,1918 1. "Air quality standards" means all requirements under ch. 285 and 42 USC
197401
to 7671q.
AB358,6,2020 2. "Biomass" has the meaning given in s. 196.378 (1) (ar).
AB358,6,2121 3. "Claimant" means a person who files a claim under this subsection.
AB358,6,2422 4. "Stove" means a stove that is part of a system that generates heat from
23biomass and is not integrated into any other heating or cooling system or into duct
24work.
AB358,7,8
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. 71.23, up to the
3amount of those taxes, one of the following amounts that the claimant paid in the
4taxable year to purchase and install in the claimant's place of business in this state
5a stove, furnace, or boiler that generates heat from biomass by providing an energy
6efficiency conversion of at least 75 percent and meets any air quality standards that
7apply to the stove, furnace, or boiler on the day on which the stove, furnace, or boiler
8is purchased:
AB358,7,99 1. With regard to amounts paid to purchase and install a stove:
AB358,7,1110 a. For taxable years beginning after December 31, 2010, and before January
111, 2013, either 40 percent of such amounts or $1,200, whichever is less.
AB358,7,1312 b. For taxable years beginning after December 31, 2012, and before January
131, 2015, either 30 percent of such amounts or $1,050, whichever is less.
AB358,7,1514 c. For taxable years beginning after December 31, 2014, and before January
151, 2017, either 25 percent of such amounts or $1,000, whichever is less.
AB358,7,1716 2. With regard to amounts paid to purchase and install a furnace or boiler with
17an output that is less than or equal to 200,000 British thermal units:
AB358,7,1918 a. For taxable years beginning after December 31, 2010, and before January
191, 2013, either 40 percent of such amounts or $4,800, whichever is less.
AB358,7,2120 b. For taxable years beginning after December 31, 2012, and before January
211, 2015, either 30 percent of such amounts or $3,900, whichever is less.
AB358,7,2322 c. For taxable years beginning after December 31, 2014, and before January
231, 2017, either 25 percent of such amounts or $3,500, whichever is less.
AB358,7,2524 3. With regard to amounts paid to purchase and install a furnace or boiler with
25an output that is greater than 200,000 British thermal units:
AB358,8,2
1a. For taxable years beginning after December 31, 2010, and before January
21, 2013, either 40 percent of such amounts or $12,000, whichever is less.
AB358,8,43 b. For taxable years beginning after December 31, 2012, and before January
41, 2015, either 30 percent of such amounts or $10,500, whichever is less.
AB358,8,65 c. For taxable years beginning after December 31, 2014, and before January
61, 2017, either 25 percent of such amounts or $10,000, whichever is less.
AB358,8,147 (c) Limitations. 1. Partnerships, limited liability companies, and tax-option
8corporations may not claim the credit under this subsection, but the eligibility for,
9and the amount of, the credit are based on their payment of amounts under par. (b).
10A partnership, limited liability company, or tax-option corporation shall compute
11the amount of credit that each of its partners, members, or shareholders may claim
12and shall provide that information to each of them. Partners, members of limited
13liability companies, and shareholders of tax-option corporations may claim the
14credit in proportion to their ownership interests.
AB358,8,1715 2. No credit may be claimed under this subsection for an item installed in the
16claimant's place of business if the claimant's business had more than $5,000,000 in
17gross receipts in the taxable year in which the item is installed.
AB358,8,2218 3. a. The maximum amount of the credits that may be claimed under this
19subsection and ss. 71.07 (6f) and 71.47 (6f) for the purchase and installation of stoves
20and the purchase and installation of furnaces and boilers with outputs less than or
21equal to 200,000 British thermal units is $2,500,000 in 2011, $3,500,000 in 2012,
22$3,000,000 in 2013, $3,000,000 in 2014, $2,500,000 in 2015, and $2,500,000 in 2016.
AB358,9,223 b. The maximum amount of the credits that may be claimed under this
24subsection and ss. 71.07 (6f) and 71.47 (6f) for the purchase and installation of stoves
25or furnaces and boilers with outputs greater than 200,000 British thermal units is

1$1,500,000 in 2011, $2,500,000 in 2012, $2,000,000 in 2013, $2,000,000 in 2014,
2$1,500,000 in 2015, and $1,500,000 in 2016.
AB358,9,53 4. The department may prorate the amount of the credits claimed under this
4subsection and ss. 71.07 (6f) and 71.47 (6f) so that the limitations under subd. 3. are
5not exceeded.
AB358,9,76 (d) Administration. 1. Subsection (4) (e), (g), and (h), as it applies to the credit
7under sub. (4), applies to the credit under this subsection.
AB358,9,138 2. If a credit computed under this subsection is not entirely offset against
9Wisconsin income or franchise taxes otherwise due, the unused balance may be
10carried forward and credited against Wisconsin income or franchise taxes otherwise
11due for the following 3 taxable years to the extent not offset by these taxes otherwise
12due in all intervening years between the year in which the expense was incurred and
13the year in which the carry-forward credit is claimed.
AB358,9,1514 (e) Sunset. No new claim may be filed under this subsection for taxable years
15beginning after December 31, 2016.
AB358, s. 7 16Section 7. 71.30 (3) (af) of the statutes is created to read:
AB358,9,1717 71.30 (3) (af) The thermal biomass heating systems credit under s. 71.28 (6f).
AB358, s. 8 18Section 8. 71.34 (1k) (g) of the statutes is amended to read:
AB358,9,2219 71.34 (1k) (g) An addition shall be made for credits computed by a tax-option
20corporation under s. 71.28 (1dd), (1de), (1di), (1dj), (1dL), (1dm), (1ds), (1dx), (1dy),
21(3), (3g), (3h), (3n), (3p), (3q), (3r), (3rm), (3rn), (3t), (3w), (5e), (5f), (5g), (5h), (5i), (5j),
22(5k), (5r), (5rm), (6f), and (8r) and passed through to shareholders.
AB358, s. 9 23Section 9. 71.45 (2) (a) 10. of the statutes, as affected by 2011 Wisconsin Act
243
, is amended to read:
AB358,10,7
171.45 (2) (a) 10. By adding to federal taxable income the amount of credit
2computed under s. 71.47 (1dd) to (1dy), (3g), (3h), (3n), (3p), (3q), (3r), (3rm), (3rn),
3(3w), (5e), (5f), (5g), (5h), (5i), (5j), (5k), (5r), (5rm), (6f), (8r), and (9s) and not passed
4through by a partnership, limited liability company, or tax-option corporation that
5has added that amount to the partnership's, limited liability company's, or
6tax-option corporation's income under s. 71.21 (4) or 71.34 (1k) (g) and the amount
7of credit computed under s. 71.47 (1), (3), (3t), (4), (4m), and (5).
AB358, s. 10 8Section 10. 71.47 (6f) of the statutes is created to read:
AB358,10,109 71.47 (6f) Thermal biomass heating systems credit. (a) Definitions. In this
10subsection:
AB358,10,1211 1. "Air quality standards" means all requirements under ch. 285 and 42 USC
127401
to 7671q.
AB358,10,1313 2. "Biomass" has the meaning given in s. 196.378 (1) (ar).
AB358,10,1414 3. "Claimant" means a person who files a claim under this subsection.
AB358,10,1715 4. "Stove" means a stove that is part of a system that generates heat from
16biomass and is not integrated into any other heating or cooling system or into duct
17work.
AB358,10,2518 (b) Filing claims. Subject to the limitations provided in this subsection, a
19claimant may claim as a credit against the tax imposed under s. 71.43, up to the
20amount of those taxes, one of the following amounts that the claimant paid in the
21taxable year to purchase and install in the claimant's place of business in this state
22a stove, furnace, or boiler that generates heat from biomass by providing an energy
23efficiency conversion of at least 75 percent and meets any air quality standards that
24apply to the stove, furnace, or boiler on the day on which the stove, furnace, or boiler
25is purchased:
AB358,11,1
11. With regard to amounts paid to purchase and install a stove:
AB358,11,32 a. For taxable years beginning after December 31, 2010, and before January
31, 2013, either 40 percent of such amounts or $1,200, whichever is less.
AB358,11,54 b. For taxable years beginning after December 31, 2012, and before January
51, 2015, either 30 percent of such amounts or $1,050, whichever is less.
AB358,11,76 c. For taxable years beginning after December 31, 2014, and before January
71, 2017, either 25 percent of such amounts or $1,000, whichever is less.
AB358,11,98 2. With regard to amounts paid to purchase and install a furnace or boiler with
9an output that is less than or equal to 200,000 British thermal units:
AB358,11,1110 a. For taxable years beginning after December 31, 2010, and before January
111, 2013, either 40 percent of such amounts or $4,800, whichever is less.
AB358,11,1312 b. For taxable years beginning after December 31, 2012, and before January
131, 2015, either 30 percent of such amounts or $3,900, whichever is less.
AB358,11,1514 c. For taxable years beginning after December 31, 2014, and before January
151, 2017, either 25 percent of such amounts or $3,500, whichever is less.
AB358,11,1716 3. With regard to amounts paid to purchase and install a furnace or boiler with
17an output that is greater than 200,000 British thermal units:
AB358,11,1918 a. For taxable years beginning after December 31, 2010, and before January
191, 2013, either 40 percent of such amounts or $12,000, whichever is less.
AB358,11,2120 b. For taxable years beginning after December 31, 2012, and before January
211, 2015, either 30 percent of such amounts or $10,500, whichever is less.
AB358,11,2322 c. For taxable years beginning after December 31, 2014, and before January
231, 2017, either 25 percent of such amounts or $10,000, whichever is less.
AB358,12,624 (c) Limitations. 1. Partnerships, limited liability companies, and tax-option
25corporations may not claim the credit under this subsection, but the eligibility for,

1and the amount of, the credit are based on their payment of amounts under par. (b).
2A partnership, limited liability company, or tax-option corporation shall compute
3the amount of credit that each of its partners, members, or shareholders may claim
4and shall provide that information to each of them. Partners, members of limited
5liability companies, and shareholders of tax-option corporations may claim the
6credit in proportion to their ownership interests.
AB358,12,97 2. No credit may be claimed under this subsection for an item installed in the
8claimant's place of business if the claimant's business had more than $5,000,000 in
9gross receipts in the taxable year in which the item is installed.
AB358,12,1410 3. a. The maximum amount of the credits that may be claimed under this
11subsection and ss. 71.07 (6f) and 71.28 (6f) for the purchase and installation of stoves
12and the purchase and installation of furnaces and boilers with outputs less than or
13equal to 200,000 British thermal units is $2,500,000 in 2011, $3,500,000 in 2012,
14$3,000,000 in 2013, $3,000,000 in 2014, $2,500,000 in 2015, and $2,500,000 in 2016.
AB358,12,1915 b. The maximum amount of the credits that may be claimed under this
16subsection and ss. 71.07 (6f) and 71.28 (6f) for the purchase and installation of stoves
17or furnaces and boilers with outputs greater than 200,000 British thermal units is
18$1,500,000 in 2011, $2,500,000 in 2012, $2,000,000 in 2013, $2,000,000 in 2014,
19$1,500,000 in 2015, and $1,500,000 in 2016.
AB358,12,2220 4. The department may prorate the amount of the credits claimed under this
21subsection and ss. 71.07 (6f) and 71.28 (6f) so that the limitations under subd. 3. are
22not exceeded.
AB358,12,2423 (d) Administration. 1. Section 71.28 (4) (e), (g), and (h), as it applies to the
24credit under s. 71.28 (4), applies to the credit under this subsection.
AB358,13,6
12. If a credit computed under this subsection is not entirely offset against
2Wisconsin income or franchise taxes otherwise due, the unused balance may be
3carried forward and credited against Wisconsin income or franchise taxes otherwise
4due for the following 3 taxable years to the extent not offset by these taxes otherwise
5due in all intervening years between the year in which the expense was incurred and
6the year in which the carry-forward credit is claimed.
AB358,13,87 (e) Sunset. No new claim may be filed under this subsection for taxable years
8beginning after December 31, 2016.
AB358, s. 11 9Section 11. 71.49 (1) (af) of the statutes is created to read:
AB358,13,1010 71.49 (1) (af) The thermal biomass heating systems credit under s. 71.47 (6f).
AB358, s. 12 11Section 12. 77.92 (4) of the statutes is amended to read:
AB358,14,212 77.92 (4) "Net business income," with respect to a partnership, means taxable
13income as calculated under section 703 of the Internal Revenue Code; plus the items
14of income and gain under section 702 of the Internal Revenue Code, including taxable
15state and municipal bond interest and excluding nontaxable interest income or
16dividend income from federal government obligations; minus the items of loss and
17deduction under section 702 of the Internal Revenue Code, except items that are not
18deductible under s. 71.21; plus guaranteed payments to partners under section 707
19(c) of the Internal Revenue Code; plus the credits claimed under s. 71.07 (2dd), (2de),
20(2di), (2dj), (2dL), (2dm), (2dr), (2ds), (2dx), (2dy), (3g), (3h), (3n), (3p), (3q), (3r),
21(3rm), (3rn), (3s), (3t), (3w), (5e), (5f), (5g), (5h), (5i), (5j), (5k), (5r), (5rm), (6f), and
22(8r); and plus or minus, as appropriate, transitional adjustments, depreciation
23differences, and basis differences under s. 71.05 (13), (15), (16), (17), and (19); but
24excluding income, gain, loss, and deductions from farming. "Net business income,"
25with respect to a natural person, estate, or trust, means profit from a trade or

1business for federal income tax purposes and includes net income derived as an
2employee as defined in section 3121 (d) (3) of the Internal Revenue Code.
AB358,14,33 (End)
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