AB40,785,1513 71.07 (5i) (c) 1. The maximum amount of the credits that may be claimed under
14this subsection and ss. 71.28 (5i) and 71.47 (5i) in a taxable year is $10,000,000, as
15allocated under s. 238.14 or s. 560.204, 2009 stats.
AB40, s. 1879 16Section 1879. 71.07 (5j) (a) 2d. of the statutes is amended to read:
AB40,785,2117 71.07 (5j) (a) 2d. "Diesel replacement renewable fuel" includes biodiesel and
18any other fuel derived from a renewable resource that meets all of the applicable
19requirements of the American Society for Testing and Materials for that fuel and that
20the department of commerce or the department of safety and professional services
21designates by rule as a diesel replacement renewable fuel.
AB40, s. 1880 22Section 1880. 71.07 (5j) (a) 2m. of the statutes is amended to read:
AB40,786,223 71.07 (5j) (a) 2m. "Gasoline replacement renewable fuel" includes ethanol and
24any other fuel derived from a renewable resource that meets all of the applicable
25requirements of the American Society for Testing and Materials for that fuel and that

1the department of commerce or the department of safety and professional services
2designates by rule as a gasoline replacement renewable fuel.
AB40, s. 1881 3Section 1881. 71.07 (5j) (c) 3. of the statutes is amended to read:
AB40,786,94 71.07 (5j) (c) 3. The department of commerce or the department of safety and
5professional services
shall establish standards to adequately prevent, in the
6distribution of conventional fuel to an end user, the inadvertent distribution of fuel
7containing a higher percentage of renewable fuel than the maximum percentage
8established by the federal environmental protection agency for use in
9conventionally-fueled engines.
AB40, s. 1882 10Section 1882. 71.07 (5r) (a) 6. a. of the statutes is amended to read:
AB40,786,1411 71.07 (5r) (a) 6. a. A University of Wisconsin System institution, the University
12of Wisconsin-Madison,
a technical college system institution, or a regionally
13accredited 4-year nonprofit college or university having its regional headquarters
14and principal place of business in this state.
AB40, s. 1883 15Section 1883. 71.07 (9e) (af) (intro.) of the statutes is amended to read:
AB40,786,2016 71.07 (9e) (af) (intro.) For taxable years beginning after December 31, 1995,
17and before January 1, 2011, any natural person may credit against the tax imposed
18under s. 71.02 an amount equal to one of the following percentages of the federal
19basic earned income credit for which the person is eligible for the taxable year under
20section 32 (b) (1) (A) to (C) of the internal revenue code Internal Revenue Code:
AB40, s. 1884 21Section 1884. 71.07 (9e) (aj) of the statutes is created to read:
AB40,787,222 71.07 (9e) (aj) For taxable years beginning after December 31, 2010, an
23individual may credit against the tax imposed under s. 71.02 an amount equal to one
24of the following percentages of the federal basic earned income credit for which the

1person is eligible for the taxable year under section 32 (b) (1) (A) to (C) of the Internal
2Revenue Code:
AB40,787,43 1. If the person has one qualifying child who has the same principal place of
4abode as the person, 5 percent.
AB40,787,65 2. If the person has 2 qualifying children who have the same principal place of
6abode as the person, 8 percent.
AB40,787,87 3. If the person has 3 or more qualifying children who have the same principal
8place of abode as the person, 40 percent.
AB40, s. 1885 9Section 1885. 71.10 (3) (title) of the statutes is amended to read:
AB40,787,1010 71.10 (3) (title) Campaign fund funds, before 2012.
AB40, s. 1886 11Section 1886. 71.10 (3) (c) of the statutes is created to read:
AB40,787,1312 71.10 (3) (c) This subsection does not apply to a taxable year that begins after
13December 31, 2011.
AB40, s. 1887 14Section 1887. 71.10 (3e) of the statutes is created to read:
AB40,787,1615 71.10 (3e) Campaign funds, after 2011. (a) Definition. In this subsection,
16"department" means the department of revenue.
AB40,787,2317 (b) Voluntary payments. 1. `Designation on return.' Every individual filing an
18income tax return who has a tax liability or is entitled to a tax refund may designate
19on the return $3 of additional payment or $3 of a refund due that individual for the
20Wisconsin election campaign fund and the democracy trust fund for the use of eligible
21candidates under ss. 11.50 to 11.522. If the individuals filing a joint return have a
22tax liability or are entitled to a tax refund, each individual may make a designation
23of $3 under this subsection.
AB40,788,2 242. `Designation added to tax owed.' If the individual owes any tax, the
25individual shall remit in full the tax due and the amount designated on the return

1for the Wisconsin election campaign fund and the democracy trust fund when the
2individual files a tax return.
AB40,788,73 3. `Designation deducted from refund.' Except as provided under par. (d), if the
4individual is owed a refund for that year after crediting under ss. 71.75 (9) and 71.80
5(3) and (3m), the department shall deduct the amount designated on the return for
6the Wisconsin election campaign fund and the democracy trust fund from the amount
7of the refund.
AB40,788,118 (c) Errors; failure to remit correct amount. If an individual who owes taxes fails
9to remit an amount equal to or in excess of the total of the actual tax due, after error
10corrections, and the amount designated on the return for the Wisconsin election
11campaign fund and the democracy trust fund:
AB40,788,1712 1. The department shall reduce the designation for the Wisconsin election
13campaign fund and the democracy trust fund to reflect the amount remitted in excess
14of the actual tax due, after error corrections, if the individual remitted an amount
15in excess of the actual tax due, after error corrections, but less than the total of the
16actual tax due, after error corrections, and the amount originally designated on the
17return for the Wisconsin election campaign fund and the democracy trust fund.
AB40,788,2018 2. The designation for the Wisconsin election campaign fund and the
19democracy trust fund is void if the individual remitted an amount equal to or less
20than the actual tax due, after error corrections.
AB40,789,221 (d) Errors; insufficient refund. If an individual who is owed a refund which does
22not equal or exceed the amount designated on the return for the Wisconsin election
23campaign fund and the democracy trust fund, after crediting under ss. 71.75 (9) and
2471.80 (3) and (3m) and after error corrections, the department shall reduce the
25designation for the Wisconsin election campaign fund and the democracy trust fund

1to reflect the actual amount of the refund the individual is otherwise owed, after
2crediting under ss. 71.75 (9) and 71.80 (3) and (3m) and after error corrections.
AB40,789,53 (e) Conditions. If an individual places any conditions on a designation for the
4Wisconsin election campaign fund or the democracy trust fund, the designation is
5void.
AB40,789,96 (f) Void designation. If a designation for the Wisconsin election campaign fund
7and the democracy trust fund is void, the department shall disregard the designation
8and determine amounts due, owed, refunded, and received without regard to the void
9designation.
AB40,789,1410 (g) Tax return. The secretary of revenue shall provide a place for the
11designations under this subsection on the individual income tax return and, on forms
12printed by the department, the secretary shall highlight that place on the return by
13a symbol chosen by the government accountability board that relates to the
14Wisconsin election campaign fund and the democracy trust fund.
AB40,789,1715 (h) Certification of amounts. Annually, on or before August 15, the secretary
16of revenue shall certify to the government accountability board, the department of
17administration and the state treasurer all of the following:
AB40,789,2018 1. The total amount of the administrative costs, including data processing
19costs, incurred by the department in administering this subsection during the
20previous fiscal year.
AB40,789,2321 2. The total amount received from all designations for the Wisconsin election
22campaign fund and the democracy trust fund made by taxpayers during the previous
23fiscal year.
AB40,790,3
13. The net amount remaining after the administrative costs, including data
2processing costs, under subd. 1. are subtracted from the total received under subd.
32.
AB40,790,54 (i) Confidentiality. The names of persons making designations under this
5subsection shall be strictly confidential.
AB40,790,136 (j) Appropriations. From the moneys received from designations for the
7Wisconsin election campaign fund and the democracy trust fund, an amount equal
8to the sum of administrative expenses, including data processing costs, certified
9under par. (h) 1. shall be deposited in the general fund and credited to the
10appropriation under s. 20.566 (1) (hp), and two-thirds of the net amount remaining
11certified under par. (h) 3. shall be deposited in the democracy trust fund and
12one-third of the net amount remaining certified under par. (h) 3. shall be deposited
13in the Wisconsin election campaign fund.
AB40,790,2014 (k) Amounts subject to refund. Amounts designated for the Wisconsin election
15campaign fund and the democracy trust fund under this subsection are not subject
16to refund to the taxpayer unless the taxpayer submits information to the satisfaction
17of the department, within 18 months after the date taxes are due or the date the
18return is filed, whichever is later, that the amount designated is clearly in error. Any
19refund granted by the department under this paragraph shall be deducted from the
20moneys received under this subsection in the fiscal year that the refund is certified.
AB40,790,2221 (L) Initial applicability. This subsection first applies to taxable years
22beginning after December 31, 2011.
AB40, s. 1888 23Section 1888. 71.10 (5f) (i) of the statutes is amended to read:
AB40,791,824 71.10 (5f) (i) Appropriations and payment. From the moneys received from
25designations for the breast cancer research program, an amount equal to the sum of

1administrative expenses, including data processing costs, certified under par. (h) 1.
2shall be deposited in the general fund and credited to the appropriation account
3under s. 20.566 (1) (hp), and, of the net amount remaining that is certified under par.
4(h) 3., an amount equal to 50 percent shall be credited to the appropriation account
5under s. 20.250 (2) (g) and an amount equal to 50 percent shall be credited to the
6appropriation account under s. 20.285 (1) (gm)
paid to the University of
7Wisconsin-Madison for breast cancer research conducted by the University of
8Wisconsin Carbone Cancer Center
.
AB40, s. 1889 9Section 1889. 71.10 (5h) (i) of the statutes is amended to read:
AB40,791,1810 71.10 (5h) (i) Appropriations, disbursement of funds to the fund and payment .
11From the moneys received from designations for the prostate cancer research
12program, an amount equal to the sum of administrative expenses, including data
13processing costs, certified under par. (h) 1. shall be deposited in the general fund and
14credited to the appropriation account under s. 20.566 (1) (hp), and of the net amount
15remaining that is certified under par. (h) 3. an amount equal to 50 percent shall be
16credited to the appropriation accounts account under ss. s. 20.250 (2) (h) and 20.285
17(1) (gn)
and amount equal to 50 percent shall be paid to the University of
18Wisconsin-Madison
, for the use specified under s. 255.054 (1).
AB40, s. 1890 19Section 1890. 71.22 (4) (um) of the statutes is amended to read:
AB40,794,320 71.22 (4) (um) Except as provided in sub. (4m) and ss. 71.26 (2) (b) and (3), 71.34
21(1g), and 71.42 (2), "Internal Revenue Code," for taxable years that begin after
22December 31, 2008, means the federal Internal Revenue Code as amended to
23December 31, 2008, excluding sections 103, 104, and 110 of P.L. 102-227, sections
2413113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, sections 1123 (b),
251202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, sections 1, 3, 4, and 5 of P.L.

1106-519, sections 162 and 165 of P.L. 106-554, P.L. 106-573, section 431 of P.L.
2107-16, sections 101 and 301 (a) of P.L. 107-147, sections 106, 201, and 202 of P.L.
3108-27, section 1201 of P.L. 108-173, sections 306, 308, 316, 401, and 403 (a) of P.L.
4108-311, sections 101, 102, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
5108-357, P.L. 109-1, sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
61329, 1348, and 1351 of P.L. 109-58, section 11146 of P.L. 109-59, section 301 of P.L.
7109-73, sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),
8(j), and (q), and 405 of P.L. 109-135, sections 101, 207, 209, 503, and 513 of P.L.
9109-222, section 844 of P.L. 109-280, P.L. 109-432, P.L. 110-28, P.L. 110-140, P.L.
10110-141, P.L. 110-142, P.L. 110-166, P.L. 110-172, P.L. 110-185, P.L. 110-234,
11sections 110, 113, and 301 of P.L. 110-245, P.L. 110-246, except section 15316 of P.L.
12110-246,
P.L. 110-289, P.L. 110-317, P.L. 110-343, except section 301 of division B
13and section 313 of division C of P.L. 110-343,
and P.L. 110-351, and as amended by
14sections 1401, 1402, 1521, 1522, and 1531 of division B of P.L. 111-5, section 301 of
15P.L. 111-147, and sections 2111, 2112, and 2113 of P.L. 111-240,
and as indirectly
16affected in the provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203,
17P.L. 100-647, excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2), and
18823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of P.L. 100-647, P.L. 101-73, P.L.
19101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections
20103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding
21sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L.
22103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188, excluding sections
231123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L. 104-191, P.L.
24104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L.
25106-36, P.L. 106-170, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of

1P.L. 106-554, P.L. 107-15, P.L. 107-16, excluding section 431 of P.L. 107-16, P.L.
2107-22, P.L. 107-116, P.L. 107-134, P.L. 107-147, excluding sections 101 and 301 (a)
3of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27,
4excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, P.L. 108-173,
5excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311,
6excluding sections 306, 308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357,
7excluding sections 101, 102, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of
8P.L. 108-357, P.L. 108-375, P.L. 108-476, P.L. 109-7, P.L. 109-58, excluding sections
91305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
10109-58, P.L. 109-59, excluding section 11146 of P.L. 109-59, P.L. 109-73, excluding
11section 301 of P.L. 109-73, P.L. 109-135, excluding sections 101, 105, 201 (a) as it
12relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L.
13109-151, P.L. 109-222, excluding sections 101, 207, 209, 503, and 513 of P.L.
14109-222, P.L. 109-227, P.L. 109-280, excluding section 844 of P.L. 109-280, P.L.
15110-245, excluding sections 110, 113, and 301 of P.L. 110-245, and section 15316 of
16P.L. 110-246, section 301 of division B and section 313 of division C of P.L. 110-343,

17P.L. 110-458, sections 1401, 1402, 1521, 1522, and 1531 of division B of P.L. 111-5,
18section 301 of P.L. 111-147, and sections 2111, 2112, and 2113 of P.L. 111-240
. The
19Internal Revenue Code applies for Wisconsin purposes at the same time as for federal
20purposes. Amendments to the federal Internal Revenue Code enacted after
21December 31, 2008, do not apply to this paragraph with respect to taxable years
22beginning after December 31, 2008, except that changes to the Internal Revenue
23Code made by sections 1401, 1402, 1521, 1522, and 1531 of division B of P.L. 111-5,
24section 301 of P.L. 111-147, and sections 2111, 2112, and 2113 of P.L. 111-240, and
25changes that indirectly affect the provisions applicable to this subchapter made by

1sections 1401, 1402, 1521, 1522, and 1531 of division B of P.L. 111-5, section 301 of
2P.L. 111-147, and sections 2111, 2112, and 2113 of P.L. 111-240, apply for Wisconsin
3purposes at the same time as for federal purposes
.
AB40, s. 1891 4Section 1891. 71.22 (4m) (sm) of the statutes is amended to read:
AB40,796,115 71.22 (4m) (sm) For taxable years that begin after December 31, 2008,
6"Internal Revenue Code," for corporations that are subject to a tax on unrelated
7business income under s. 71.26 (1) (a), means the federal Internal Revenue Code as
8amended to December 31, 2008, excluding sections 103, 104, and 110 of P.L. 102-227,
9sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, sections
101123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, sections 1, 3, 4, and
115 of P.L. 106-519, sections 162 and 165 of P.L. 106-554, P.L. 106-573, section 431 of
12P.L. 107-16, sections 101 and 301 (a) of P.L. 107-147, sections 106, 201, and 202 of
13P.L. 108-27, section 1201 of P.L. 108-173, sections 306, 308, 316, 401, and 403 (a) of
14P.L. 108-311, sections 101, 102, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910
15of P.L. 108-357, P.L. 109-1, sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326,
161328, 1329, 1348, and 1351 of P.L. 109-58, section 11146 of P.L. 109-59, section 301
17of P.L. 109-73, sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403
18(e), (j), and (q), and 405 of P.L. 109-135, sections 101, 207, 209, 503, and 513 of P.L.
19109-222, section 844 of P.L. 109-280, P.L. 109-432, P.L. 110-28, P.L. 110-140, P.L.
20110-141, P.L. 110-142, P.L. 110-166, P.L. 110-172, P.L. 110-185, P.L. 110-234,
21sections 110, 113, and 301 of P.L. 110-245, P.L. 110-246, except section 15316 of P.L.
22110-246,
P.L. 110-289, P.L. 110-317, P.L. 110-343, except section 301 of division B
23and section 313 of division C of P.L. 110-343,
and P.L. 110-351, and as amended by
24sections 1401, 1402, 1521, 1522, and 1531 of division B of P.L. 111-5, section 301 of
25P.L. 111-147, and sections 2111, 2112, and 2113 of P.L. 111-240,
and as indirectly

1affected in the provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203,
2P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508,
3P.L. 102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L.
4102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and
513203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L.
6104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
7104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L.
8105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L. 106-230, P.L. 106-554,
9excluding sections 162 and 165 of P.L. 106-554, P.L. 107-15, P.L. 107-16, excluding
10section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116, P.L. 107-134, P.L. 107-147,
11excluding sections 101 and 301 (a) of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L.
12107-276, P.L. 107-358, P.L. 108-27, excluding sections 106, 201, and 202 of P.L.
13108-27, P.L. 108-121, P.L. 108-173, excluding section 1201 of P.L. 108-173, P.L.
14108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 308, 316, 401, and 403
15(a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 102, 201, 211, 242, 244, 336,
16337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 108-476, P.L. 109-7,
17P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
181329, 1348, and 1351 of P.L. 109-58, P.L. 109-59, excluding section 11146 of P.L.
19109-59, P.L. 109-73, excluding section 301 of P.L. 109-73, P.L. 109-135, excluding
20sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and
21(q), and 405 of P.L. 109-135, P.L. 109-151, P.L. 109-222, excluding sections 101, 207,
22209, 503, and 513 of P.L. 109-222, P.L. 109-227, and P.L. 109-280, excluding section
23844 of P.L. 109-280,
P.L. 110-245, excluding sections 110, 113, and 301 of P.L.
24110-245, and section 15316 of P.L. 110-246, section 301 of division B and section 313
25of division C of P.L. 110-343,
P.L. 110-458, sections 1401, 1402, 1521, 1522, and 1531

1of division B of P.L. 111-5, section 301 of P.L. 111-147, and sections 2111, 2112, and
22113 of P.L. 111-240,
. The Internal Revenue Code applies for Wisconsin purposes at
3the same time as for federal purposes. Amendments to the Internal Revenue Code
4enacted after December 31, 2008, do not apply to this paragraph with respect to
5taxable years beginning after December 31, 2008, except that changes to the
6Internal Revenue Code made by sections 1401, 1402, 1521, 1522, and 1531 of division
7B of P.L. 111-5, section 301 of P.L. 111-147, and sections 2111, 2112, and 2113 of P.L.
8111-240, and changes that indirectly affect the provisions applicable to this
9subchapter made by sections 1401, 1402, 1521, 1522, and 1531 of division B of P.L.
10111-5, section 301 of P.L. 111-147, and sections 2111, 2112, and 2113 of P.L. 111-240,
11apply for Wisconsin purposes at the same time as for federal purposes
.
AB40, s. 1892 12Section 1892. 71.255 (2m) (d) of the statutes is amended to read:
AB40,796,1613 71.255 (2m) (d) The department shall may not disregard the tax effect of an
14election under this subsection, or disallow the election, with respect to any controlled
15group member or members for any year of the election period, if the department
16determines that the election has the effect of tax avoidance
.
AB40, s. 1893 17Section 1893. 71.255 (6) (a) of the statutes is amended to read:
AB40,797,218 71.255 (6) (a) Except as provided in pars. (b) and, (c), and (d), no tax credit,
19Wisconsin net business loss carry-forward, or other post-apportionment deduction
20earned by one member of the combined group, but not fully used by or allowed to that
21member, may be used in whole or in part by another member of the combined group
22or applied in whole or in part against the total income of the combined group. A
23member of a combined group may use a carry-forward of a credit, Wisconsin net
24business loss carry-forward, or other post-apportionment deduction otherwise

1allowable under s. 71.26 or 71.45, that was incurred by that same member in a
2taxable year beginning before January 1, 2009.
AB40, s. 1894 3Section 1894. 71.255 (6) (d) of the statutes is created to read:
AB40,797,164 71.255 (6) (d) 1. Starting with the first taxable year beginning after December
531, 2011, and for each of the 20 subsequent taxable years, and subject to the
6limitations provided under s. 71.26 (3) (n), for each taxable year that a corporation
7that is a member of a combined group has net business loss carry-forward as
8computed under s. 71.26 (4) or 71.45 (4) from a taxable year beginning prior to
9January 1, 2009, the corporation may, after using such net business loss
10carry-forward to offset its own income for the taxable year, use up to 5 percent of the
11remaining net business loss carry-forward to offset the income of all other members
12of the combined group on a proportionate basis, to the extent such income is
13attributable to the unitary business. If the full 5 percent of such net business loss
14carry-forward cannot be fully used to offset the income of all other members of the
15combined group, the remainder may be added to the portion that may offset the
16income of all other members of the combined group in the subsequent year.
AB40,797,2017 2. Unless otherwise provided by the department by rule, if the corporation may
18no longer be included in the combined group, as determined under this section, the
19corporation's net business loss carry-forward shall be available only to that
20corporation.
AB40,797,2121 3. The department shall promulgate rules to administer this paragraph.
AB40, s. 1895 22Section 1895. 71.26 (1) (be) of the statutes, as affected by 2011 Wisconsin Act
237
, is amended to read:
AB40,798,324 71.26 (1) (be) Certain authorities. Income of the University of Wisconsin
25Hospitals and Clinics Authority, of the University of Wisconsin-Madison, of the

1Health Insurance Risk-Sharing Plan Authority, of the Wisconsin Quality Home
2Care Authority, of the Fox River Navigational System Authority, of the Wisconsin
3Economic Development Corporation, and of the Wisconsin Aerospace Authority.
AB40, s. 1896 4Section 1896. 71.26 (1m) (L) of the statutes is created to read:
AB40,798,95 71.26 (1m) (L) Those issued under s. 231.03 (6), if the bonds or notes are issued
6to a person who is eligible to receive bonds or notes from another issuer for the same
7purpose for which the person is issued bonds or notes under s. 231.03 (6) and the
8interest income received from the other bonds or notes is exempt from taxation under
9this subchapter.
AB40, s. 1897 10Section 1897. 71.26 (2) (b) 22. of the statutes is amended to read:
AB40,804,1811 71.26 (2) (b) 22. For taxable years that begin after December 31, 2008, for a
12corporation, conduit, or common law trust which qualifies as a regulated investment
13company, real estate mortgage investment conduit, real estate investment trust, or
14financial asset securitization investment trust under the Internal Revenue Code as
15amended to December 31, 2008, excluding sections 103, 104, and 110 of P.L. 102-227,
16sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, sections
171123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, sections 1, 3, 4, and
185 of P.L. 106-519, sections 162 and 165 of P.L. 106-554, P.L. 106-573, section 431 of
19P.L. 107-16, sections 101 and 301 (a) of P.L. 107-147, sections 106, 201, and 202 of
20P.L. 108-27, section 1201 of P.L. 108-173, sections 306, 308, 316, 401, and 403 (a) of
21P.L. 108-311, sections 101, 102, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910
22of P.L. 108-357, P.L. 109-1, sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326,
231328, 1329, 1348, and 1351 of P.L. 109-58, section 11146 of P.L. 109-59, section 301
24of P.L. 109-73, sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403
25(e), (j), and (q), and 405 of P.L. 109-135, sections 101, 207, 209, 503, and 513 of P.L.

1109-222, section 844 of P.L. 109-280, P.L. 109-432, P.L. 110-28, P.L. 110-140, P.L.
2110-141, P.L. 110-142, P.L. 110-166, P.L. 110-172, P.L. 110-185, P.L. 110-234,
3sections 110, 113, and 301 of P.L. 110-245, P.L. 110-246, except section 15316 of P.L.
4110-246,
P.L. 110-289, P.L. 110-317, P.L. 110-343, except section 301 of division B
5and section 313 of division C of P.L. 110-343,
and P.L. 110-351, and as amended by
6sections 1401, 1402, 1521, 1522, and 1531 of division B of P.L. 111-5, section 301 of
7P.L. 111-147, and sections 2111, 2112, and 2113 of P.L. 111-240,
and as indirectly
8affected in the provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203,
9P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508,
10P.L. 102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L.
11102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and
1213203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L.
13104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
14104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L.
15105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L. 106-230, P.L. 106-554,
16excluding sections 162 and 165 of P.L. 106-554, P.L. 107-15, P.L. 107-16, excluding
17section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116, P.L. 107-134, P.L. 107-147,
18excluding sections 101 and 301 (a) of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L.
19107-276, P.L. 107-358, P.L. 108-27, excluding sections 106, 201, and 202 of P.L.
20108-27, P.L. 108-121, P.L. 108-173, excluding section 1201 of P.L. 108-173, P.L.
21108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 308, 316, 401, and 403
22(a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 102, 201, 211, 242, 244, 336,
23337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 108-476, P.L. 109-7,
24P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
251329, 1348, and 1351 of P.L. 109-58, P.L. 109-59, excluding section 11146 of P.L.

1109-59, P.L. 109-73, excluding section 301 of P.L. 109-73, P.L. 109-135, excluding
2sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and
3(q), and 405 of P.L. 109-135, P.L. 109-151, P.L. 109-222, excluding sections 101, 207,
4209, 503, and 513 of P.L. 109-222, P.L. 109-227, P.L. 109-280, excluding section 844
5of P.L. 109-280,
P.L. 110-245, excluding sections 110, 113, and 301 of P.L. 110-245,
6and section 15316 of P.L. 110-246, section 301 of division B and section 313 of division
7C of P.L. 110-343,
P.L. 110-458, sections 1401, 1402, 1521, 1522, and 1531 of division
8B of P.L. 111-5, section 301 of P.L. 111-147, and sections 2111, 2112, and 2113 of P.L.
9111-240,
"net income" means the federal regulated investment company taxable
10income, federal real estate mortgage investment conduit taxable income, federal real
11estate investment trust or financial asset securitization investment trust taxable
12income of the corporation, conduit, or trust as determined under the Internal
13Revenue Code as amended to December 31, 2008, excluding sections 103, 104, and
14110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
15103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188,
16sections 1, 3, 4, and 5 of P.L. 106-519, sections 162 and 165 of P.L. 106-554, P.L.
17106-573, section 431 of P.L. 107-16, sections 101 and 301 (a) of P.L. 107-147, sections
18106, 201, and 202 of P.L. 108-27, section 1201 of P.L. 108-173, sections 306, 308, 316,
19401, and 403 (a) of P.L. 108-311, sections 101, 102, 201, 211, 242, 244, 336, 337, 422,
20847, 909, and 910 of P.L. 108-357, P.L. 109-1, sections 1305, 1308, 1309, 1310, 1323,
211324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, section 11146 of P.L.
22109-59, section 301 of P.L. 109-73, sections 101, 105, 201 (a) as it relates to section
231400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, sections 101, 207, 209,
24503, and 513 of P.L. 109-222, section 844 of P.L. 109-280, P.L. 109-432, P.L. 110-28,
25P.L. 110-140, P.L. 110-141, P.L. 110-142, P.L. 110-166, P.L. 110-172, P.L. 110-185,

1P.L. 110-234, sections 110, 113, and 301 of P.L. 110-245, P.L. 110-246, except section
215316 of P.L. 110-246,
P.L. 110-289, P.L. 110-317, P.L. 110-343, except section 301
3of division B and section 313 of division C of P.L. 110-343,
and P.L. 110-351, and as
4amended by sections 1401, 1402, 1521, 1522, and 1531 of division B of P.L. 111-5,
5section 301 of P.L. 111-147, and sections 2111, 2112, and 2113 of P.L. 111-240,
and
6as indirectly affected in the provisions applicable to this subchapter by P.L. 99-514,
7P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239,
8P.L. 101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L.
9102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d),
1013174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L.
11104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
12(d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L.
13105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L. 106-230, P.L.
14106-554, excluding sections 162 and 165 of P.L. 106-554, P.L. 107-15, P.L. 107-16,
15excluding section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116, P.L. 107-134, P.L.
16107-147, excluding sections 101 and 301 (a) of P.L. 107-147, P.L. 107-181, P.L.
17107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27, excluding sections 106, 201, and
18202 of P.L. 108-27, P.L. 108-121, P.L. 108-173, excluding section 1201 of P.L.
19108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 308, 316,
20401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 102, 201, 211,
21242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 108-476,
22P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,
231326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-59, excluding section 11146
24of P.L. 109-59, P.L. 109-73, excluding section 301 of P.L. 109-73, P.L. 109-135,
25excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),

1(j), and (q), and 405 of P.L. 109-135, P.L. 109-151, P.L. 109-222, excluding sections
2101, 207, 209, 503, and 513 of P.L. 109-222, P.L. 109-227, P.L. 109-280, excluding
3section 844 of P.L. 109-280,
P.L. 110-245, excluding sections 110, 113, and 301 of P.L.
4110-245, and section 15316 of P.L. 110-246, section 301 of division B and section 313
5of division C of P.L. 110-343,
P.L. 110-458, sections 1401, 1402, 1521, 1522, and 1531
6of division B of P.L. 111-5, section 301 of P.L. 111-147, and sections 2111, 2112, and
72113 of P.L. 111-240,
except that property that, under s. 71.02 (1) (c) 8. to 11., 1985
8stats., is required to be depreciated for taxable years 1983 to 1986 under the Internal
9Revenue Code as amended to December 31, 1980, shall continue to be depreciated
10under the Internal Revenue Code as amended to December 31, 1980, and except that
11the appropriate amount shall be added or subtracted to reflect differences between
12the depreciation or adjusted basis for federal income tax purposes and the
13depreciation or adjusted basis under this chapter of any property disposed of during
14the taxable year. The Internal Revenue Code as amended to December 31, 2008,
15excluding sections 103, 104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171
16(d), 13174, and 13203 (d) of P.L. 103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and
171605 (d) of P.L. 104-188, sections 1, 3, 4, and 5 of P.L. 106-519, sections 162 and 165
18of P.L. 106-554, P.L. 106-573, section 431 of P.L. 107-16, sections 101 and 301 (a) of
19P.L. 107-147, sections 106, 201, and 202 of P.L. 108-27, section 1201 of P.L. 108-173,
20sections 306, 308, 316, 401, and 403 (a) of P.L. 108-311, sections 101, 102, 201, 211,
21242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 109-1, sections 1305,
221308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58,
23section 11146 of P.L. 109-59, section 301 of P.L. 109-73, sections 101, 105, 201 (a) as
24it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135,
25sections 101, 207, 209, 503, and 513 of P.L. 109-222, section 844 of P.L. 109-280, P.L.

1109-432, P.L. 110-28, P.L. 110-140, P.L. 110-141, P.L. 110-142, P.L. 110-166, P.L.
2110-172, P.L. 110-185, P.L. 110-234, sections 110, 113, and 301 of P.L. 110-245, P.L.
3110-246, except section 15316 of P.L. 110-246, P.L. 110-289, P.L. 110-317, P.L.
4110-343, except section 301 of division B and section 313 of division C of P.L. 110-343,
5and P.L. 110-351, and as amended by sections 1401, 1402, 1521, 1522, and 1531 of
6division B of P.L. 111-5, section 301 of P.L. 111-147, and sections 2111, 2112, and 2113
7of P.L. 111-240,
and as indirectly affected in the provisions applicable to this
8subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140,
9P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections 103, 104,
10and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections
1113113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L.
12103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188, excluding sections 1123 (b), 1202
13(c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L.
14105-33, P.L. 105-34, P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36, P.L.
15106-170, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554,
16P.L. 107-15, P.L. 107-16, excluding section 431 of P.L. 107-16, P.L. 107-22, P.L.
17107-116, P.L. 107-134, P.L. 107-147, excluding sections 101 and 301 (a) of P.L.
18107-147, P.L. 107-181, P.L. 107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27,
19excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, P.L. 108-173,
20excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311,
21excluding sections 306, 308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357,
22excluding sections 101, 102, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of
23P.L. 108-357, P.L. 108-375, P.L. 108-476, P.L. 109-7, P.L. 109-58, excluding sections
241305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
25109-58, P.L. 109-59, excluding section 11146 of P.L. 109-59, P.L. 109-73, excluding

1section 301 of P.L. 109-73, P.L. 109-135, excluding sections 101, 105, 201 (a) as it
2relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L.
3109-151, P.L. 109-222, excluding sections 101, 207, 209, 503, and 513 of P.L.
4109-222, P.L. 109-227, P.L. 109-280, excluding section 844 of P.L. 109-280, P.L.
5110-245, excluding sections 110, 113, and 301 of P.L. 110-245, and section 15316 of
6P.L. 110-246, section 301 of division B and section 313 of division C of P.L. 110-343,

7P.L. 110-458, sections 1401, 1402, 1521, 1522, and 1531 of division B of P.L. 111-5,
8section 301 of P.L. 111-147, and sections 2111, 2112, and 2113 of P.L. 111-240,
applies
9for Wisconsin purposes at the same time as for federal purposes. Amendments to the
10Internal Revenue Code enacted after December 31, 2008, do not apply to this
11subdivision with respect to taxable years that begin after December 31, 2008, except
12that changes to the Internal Revenue Code made by sections 1401, 1402, 1521, 1522,
13and 1531 of division B of P.L. 111-5, section 301 of P.L. 111-147, and sections 2111,
142112, and 2113 of P.L. 111-240, and changes that indirectly affect the provisions
15applicable to this subchapter made by sections 1401, 1402, 1521, 1522, and 1531 of
16division B of P.L. 111-5, section 301 of P.L. 111-147, and sections 2111, 2112, and 2113
17of P.L. 111-240, apply for Wisconsin purposes at the same time as for federal
18purposes
.
AB40, s. 1898 19Section 1898. 71.28 (1dd) (b) of the statutes is amended to read:
AB40,805,220 71.28 (1dd) (b) Except as provided in s. 73.03 (35), for any taxable year for
21which that person is certified under s. 560.765 (3), 2009 stats., and begins business
22operations in a zone under s. 560.71, 2009 stats., after July 29, 1995, entitled under
23s. 560.795 (3) (a), 2009 stats., and begins business operations in a zone under s.
24560.795, 2009 stats., after July 29, 1995, or certified under s. 560.797 (4) (a), 2009
25stats.
, for each zone for which the person is certified or entitled a person may credit

1against taxes otherwise due under this subchapter employment-related day care
2expenses, up to $1,200 for each qualifying individual.
AB40, s. 1899 3Section 1899. 71.28 (1dd) (e) of the statutes is amended to read:
AB40,805,94 71.28 (1dd) (e) The credit under this subsection, as it applies to a person
5certified under s. 560.765 (3), 2009 stats., applies to a corporation that conducts
6economic activity in a zone under s. 560.795 (1), 2009 stats., and that is entitled to
7tax benefits under s. 560.795 (3), 2009 stats., subject to the limits under s. 560.795
8(2), 2009 stats. A credit under this subsection may be credited using expenses
9incurred by a claimant on July 29, 1995.
AB40, s. 1900 10Section 1900. 71.28 (1de) (a) (intro.) of the statutes is amended to read:
AB40,805,2111 71.28 (1de) (a) (intro.) Except as provided in s. 73.03 (35), for any taxable year
12for which a person is certified under s. 560.765 (3), 2009 stats., and begins business
13operations in a zone under s. 560.71, 2009 stats., after July 29, 1995, entitled under
14s. 560.795 (3) (a), 2009 stats., and begins business operations in a zone under s.
15560.795, 2009 stats., after July 29, 1995, or certified under s. 560.797 (4) (a), 2009
16stats.,
for each zone for which the person is certified or entitled the person may claim
17as a credit against taxes otherwise due under this subchapter an amount equal to
187.5% of the amount that the person expends to remove or contain environmental
19pollution, as defined in s. 299.01 (4), in the zone or to restore soil or groundwater that
20is affected by environmental pollution, as defined in s. 299.01 (4), in the zone if the
21person fulfills all of the following requirements:
AB40, s. 1901 22Section 1901. 71.28 (1de) (a) 1. of the statutes is amended to read:
AB40,806,423 71.28 (1de) (a) 1. Begins the work, other than planning and investigating, for
24which the credit is claimed after the area that includes the site where the work is
25done is designated a development zone under s. 560.71, 2009 stats., a development

1opportunity zone under s. 560.795, 2009 stats., or an enterprise development zone
2under s. 560.797, 2009 stats., and after the claimant is certified under s. 560.765 (3),
32009 stats.
, entitled under s. 560.795 (3) (a), 2009 stats., or certified under s. 560.797
4(4) (a), 2009 stats.
AB40, s. 1902 5Section 1902. 71.28 (1de) (d) of the statutes is amended to read:
AB40,806,116 71.28 (1de) (d) The credit under this subsection, as it applies to a person
7certified under s. 560.765 (3), 2009 stats., applies to a corporation that conducts
8economic activity in a zone under s. 560.795 (1), 2009 stats., and that is entitled to
9tax benefits under s. 560.795 (3), 2009 stats., subject to the limits under s. 560.795
10(2), 2009 stats. A credit under this subsection may be credited using expenses
11incurred by a claimant on July 29, 1995.
AB40, s. 1903 12Section 1903. 71.28 (1di) (a) (intro.) of the statutes is amended to read:
AB40,806,1913 71.28 (1di) (a) (intro.) Except as provided in pars. (dm) and (f) and s. 73.03 (35),
14for any taxable year for which the person is entitled under s. 560.795 (3), 2009 stats.,
15to claim tax benefits, any person may claim as a credit against taxes otherwise due
16under this chapter 2.5% of the purchase price of depreciable, tangible personal
17property, or 1.75% of the purchase price of depreciable, tangible personal property
18that is expensed under section 179 of the internal revenue code for purposes of the
19taxes under this chapter, except that:
AB40, s. 1904 20Section 1904. 71.28 (1di) (a) 1. of the statutes is amended to read:
AB40,807,221 71.28 (1di) (a) 1. The investment must be in property that is purchased after
22the person is entitled under s. 560.795 (3), 2009 stats., to claim tax benefits and that
23is used for at least 50% of its use in the conduct of the person's business operations
24at a location in a development zone under subch. VI of ch. 560, 2009 stats., or, if the

1property is mobile, the base of operations of the property for at least 50% of its use
2must be a location in a development zone.
AB40, s. 1905 3Section 1905. 71.28 (1di) (b) 2. of the statutes is amended to read:
AB40,807,114 71.28 (1di) (b) 2. If the claimant is located on an Indian reservation, as defined
5in s. 560.86 (5), 2009 stats., and is an American Indian, as defined in s. 560.86 (1),
62009 stats., an Indian business, as defined in s. 560.86 (4), 2009 stats., or a tribal
7enterprise, as defined in s. 71.07 (2di) (b) 2., and if the allowable amount of the credit
8under this subsection exceeds the taxes otherwise due under this chapter on or
9measured by the claimant's income, the amount of the credit not used as an offset
10against those taxes shall be certified to the department of administration for
11payment to the claimant by check, share draft or other draft.
AB40, s. 1906 12Section 1906. 71.28 (1di) (b) 3. of the statutes is amended to read:
AB40,808,413 71.28 (1di) (b) 3. Partnerships, limited liability companies and tax-option
14corporations may not claim the credit under this subsection, but the eligibility for,
15and amount of, that credit shall be determined on the basis of their economic activity,
16not that of their shareholders, partners or members. The corporation, partnership
17or limited liability company shall compute the amount of the credit that may be
18claimed by each of its shareholders, partners or members and shall provide that
19information to each of its shareholders, partners or members. Partners, members
20of limited liability companies and shareholders of tax-option corporations may claim
21the credit based on the partnership's, company's or corporation's activities in
22proportion to their ownership interest and may offset it against the tax attributable
23to their income from the partnership's, company's or corporation's business
24operations in the development zone; except that partners, members, and
25shareholders in a development zone under s. 560.795 (1) (e), 2009 stats., may offset

1the credit against the amount of the tax attributable to their income from all of the
2partnership's, company's, or corporation's business operations; and against the tax
3attributable to their income from the partnership's, company's or corporation's
4directly related business operations.
AB40, s. 1907 5Section 1907. 71.28 (1di) (d) 1. of the statutes is amended to read:
AB40,808,76 71.28 (1di) (d) 1. A copy of a verification from the department of commerce that
7the claimant may claim tax benefits under s. 560.795 (3), 2009 stats.
AB40, s. 1908 8Section 1908. 71.28 (1di) (f) of the statutes is amended to read:
AB40,808,159 71.28 (1di) (f) If a person who is entitled under s. 560.795 (3), 2009 stats., to
10claim tax benefits becomes ineligible for such tax benefits, that person may claim no
11credits under this subsection for the taxable year that includes the day on which the
12person becomes ineligible for tax benefits or succeeding taxable years and that
13person may carry over no unused credits from previous years to offset tax under this
14chapter for the taxable year that includes the day on which the person becomes
15ineligible for tax benefits or succeeding taxable years.
AB40, s. 1909 16Section 1909. 71.28 (1di) (g) of the statutes is amended to read:
AB40,808,2117 71.28 (1di) (g) If a person who is entitled under s. 560.795 (3), 2009 stats., to
18claim tax benefits ceases business operations in the development zone during any of
19the taxable years that that zone exists, that person may not carry over to any taxable
20year following the year during which operations cease any unused credits from the
21taxable year during which operations cease or from previous taxable years.
AB40, s. 1910 22Section 1910. 71.28 (1di) (i) of the statutes is amended to read:
AB40,809,623 71.28 (1di) (i) The development zones credit under this subsection, as it applies
24to a person certified under s. 560.765 (3), 2009 stats., applies to a corporation that
25conducts economic activity in a development opportunity zone under s. 560.795 (1),

12009 stats.,
and that is entitled to tax benefits under s. 560.795 (3), 2009 stats.,
2subject to the limits under s. 560.795 (2), 2009 stats. A development opportunity
3zone credit under this paragraph may be calculated using expenses incurred by a
4claimant beginning on the effective date under s. 560.795 (2) (a), 2009 stats., of the
5development opportunity zone designation of the area in which the claimant
6conducts economic activity.
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