JR4 AB1: Bill Text Engrossed

AB1-engrossed,18,17 77.54 (9d) The sales price from the sales of and the storage, use, or other consumption of tangible personal property, or items or property under s. 77.52 (1) (b) or (c), sold to a construction contractor who, in fulfillment of a real property construction activity, transfers the tangible personal property, or item, or property under s. 77.52 (1) (b) or (c), to an entity described under sub. (9a) (b) or (f), if such tangible personal property, item, or property becomes a component of a facility in this state that is owned by the entity. In this subsection, "facility" means any building, shelter, parking lot, parking garage, athletic field, athletic park, storm sewer, or water supply system, but does not include a highway, street, or road.

AB1-engrossed,42 Section 42. 77.54 (61) (intro.), (a) and (b) of the statutes, as created by 2013 Wisconsin Act 20, are amended to read:

AB1-engrossed,19,2 77.54 (61) (intro.) The sales price from the sale of and the storage, use, or other consumption of the following by a person primarily engaged, as determined by the department, in commercial printing, not including screen printing or book printing, without publishing, except for gray goods; printing, or printing and binding, books or pamphlets without publishing the books or pamphlets; or performing prepress and postpress services in support of printing activities book printing, or support activities for printing described under 323111, 323117, and 323120 of the North American Industry Classification System:

AB1-engrossed,19,5 (a) Computers and servers that are used primarily to store copies of the product that are sent to a digital printer, a platemaking machine, or a printing press or used primarily in prepress or postpress activities.

AB1-engrossed,19,8 (b) Tangible personal property purchased from out-of-state sellers that are temporarily stored, remain idle, and not used in this state for not more than 180 days and that are then delivered and used solely outside of this state.

AB1-engrossed,43 Section 43. 77.54 (61) (c) of the statutes is created to read:

AB1-engrossed,19,10 77.54 (61) (c) In this subsection:

AB1-engrossed,19,12 1. "Postpress activities" include paper bronzing, die-cutting, edging, embossing, folding, gilding, gluing, and indexing.

AB1-engrossed,19,14 2. "Prepress activities" include making print-ready plates, typesetting, trade binding, and sample mounting.

AB1-engrossed,19,15 3. "Temporarily" means not more than 180 days.

AB1-engrossed,44 Section 44. 238.16 (3) (intro.) of the statutes, as affected by 2013 Wisconsin Act 20, is amended to read:

AB1-engrossed,19,24 238.16 (3) Eligibility for tax benefits. (intro.) A person certified under sub. (2) may receive tax benefits under this section if, in each year for which the person claims tax benefits under this section, the person increases net employment in this state in the person's business above the net employment in this state in the person's business during the year before the person was certified under sub. (2), as determined by the corporation under its policies and procedures, and one of the following applies:

AB1-engrossed,9143 Section 9143. Nonstatutory provisions; Technical College System.

AB1-engrossed,20,4 (1) Aid notification. By October 15, 2014, the state technical college system board shall notify each technical college district board of the amount of aid it will receive under section 38.16 (4) of the statutes, as created by this act, on February 20, 2015.

AB1-engrossed,9337 Section 9337. Initial applicability; Revenue.

AB1-engrossed,20,7 (1) Commercial printing. The treatment of section 77.54 (61) (intro.), (a), (b), and (c) of the statutes first applies retroactively to sales made on October 1, 2013.

AB1-engrossed,20,9 (1m) Building materials. The treatment of section 77.54 (9d) of the statutes first applies to contracts entered into on July 1, 2015.

AB1-engrossed,20,13 (2) Research and rehabilitation credits. The treatment of sections 71.07 (4k) (b) 1., (5m) (a) 4., and (9r) (a), 71.08 (1) (intro.) (as it relates to the state historic rehabilitation credit and the research credit), and 71.10 (4) (dr) and (er) of the statutes first applies to taxable years beginning on January 1, 2014.

AB1-engrossed,20,14 (3) Carry-backs.

AB1-engrossed,20,17 (a) The renumbering of section 71.05 (8) (b) of the statutes and the creation of section 71.05 (8) (b) 2. of the statutes first apply to taxable years beginning on January 1, 2014.

AB1-engrossed,20,19 (am) The treatment of section 71.52 (6) of the statutes first applies retroactively to taxable years beginning on January 1, 2012.

AB1-engrossed,20,21 (4) Overpayments. The treatment of section 71.05 (8) (c) of the statutes first applies to refunds paid on January 1, 2014.

AB1-engrossed,20,25 (5) Manufacturing and agriculture credits. The treatment of sections 71.07 (5n) (b) (intro.), 71.08 (1) (intro.) (as it relates to the manufacturing and agriculture credit), and 71.10 (4) (cr) of the statutes first applies retroactively to taxable years beginning on January 1, 2013.

AB1-engrossed,21,3 (5m) Net operating losses; depletion. The treatment of sections 71.26 (4) (a), 71.45 (4) (a), and 71.98 (3) of the statutes first applies to taxable years beginning on January 1, 2014.

AB1-engrossed,9400 Section 9400. Effective dates; general. Except as otherwise provided in Sections 9401 to 9452 of this act, this act takes effect on the day after publication.

AB1-engrossed,9437 Section 9437. Effective dates; Revenue.

AB1-engrossed,21,8 (1) Commercial printing. The treatment of section 77.54 (61) (intro.), (a), (b), and (c) of the statutes takes effect retroactively to October 1, 2013.

AB1-engrossed,21,10 (1m) Building materials. The treatment of section 77.54 (9d) of the statutes takes effect on July 1, 2015.

AB1-engrossed,21,13 (2) Manufacturing and agriculture credits. The treatment of sections 71.07 (5n) (b) (intro.), 71.08 (1) (intro.) (by Section 32), and 71.10 (4) (cr) of the statutes takes effect retroactively on January 1, 2013.

AB1-engrossed,21,16 (3) Research and rehabilitation credits. The treatment of sections 71.07 (4k) (b) 1., (5m) (a) 4., and (9r) (a), 71.08 (1) (intro.) (by Section 33), and 71.10 (4) (dr) and (er) of the statutes takes effect on January 1, 2014.

AB1-engrossed,21,18 (3d) Carry-backs. The treatment of section 71.52 (6) of the statutes takes effect retroactively to January 1, 2012.

AB1-engrossed,21,19 (End)