SB468,60,323 71.28 (1dx) (b) 5. The amount determined by multiplying the amount
24determined under s. 555.385 (1) (c) or s. 238.385 (1) (c), 2013 stats., or s. 560.785 (1)
25(c), 2009 stats., by the number of full-time jobs retained, as provided in the rules

1under s. 555.385 or s. 238.385, 2013 stats., or s. 560.785, 2009 stats., in a
2development zone and not filled by a member of a targeted group and by then
3subtracting the subsidies paid under s. 49.147 (3) (a) for those jobs.
SB468,176 4Section 176. 71.28 (1dx) (be) of the statutes is amended to read:
SB468,60,105 71.28 (1dx) (be) Offset. A claimant in a development zone under s. 555.395 (1)
6(e) or
s. 238.395 (1) (e), 2013 stats., or s. 560.795 (1) (e), 2009 stats., may offset any
7credits claimed under this subsection, including any credits carried over, against the
8amount of the tax otherwise due under this subchapter attributable to all of the
9claimant's income and against the tax attributable to income from directly related
10business operations of the claimant.
SB468,177 11Section 177. 71.28 (1dx) (bg) of the statutes is amended to read:
SB468,60,2312 71.28 (1dx) (bg) Other entities. For claimants in a development zone under s.
13555.395 (1) (e) or
s. 238.395 (1) (e), 2013 stats., or s. 560.795 (1) (e), 2009 stats.,
14partnerships, limited liability companies, and tax-option corporations may not
15claim the credit under this subsection, but the eligibility for, and amount of, that
16credit shall be determined on the basis of their economic activity, not that of their
17shareholders, partners, or members. The corporation, partnership, or company shall
18compute the amount of the credit that may be claimed by each of its shareholders,
19partners, or members and shall provide that information to each of its shareholders,
20partners, or members. Partners, members of limited liability companies, and
21shareholders of tax-option corporations may claim the credit based on the
22partnership's, company's, or corporation's activities in proportion to their ownership
23interest and may offset it against the tax attributable to their income.
SB468,178 24Section 178. 71.28 (1dx) (c) of the statutes is amended to read:
SB468,61,13
171.28 (1dx) (c) Credit precluded. If the certification of a person for tax benefits
2under s. 555.365 (3), 555.397 (4), 555.398 (3), or 555.3995 (4) or s. 238.365 (3), 2013
3stats., s.
238.397 (4), 2013 stats., s. 238.398 (3), 2013 stats., or s. 238.3995 (4), 2013
4stats.,
or s. 560.765 (3), 2009 stats., s. 560.797 (4), 2009 stats., s. 560.798 (3), 2009
5stats., or s. 560.7995 (4), 2009 stats., is revoked, or if the person becomes ineligible
6for tax benefits under s. 555.395 (3) or s. 238.395 (3), 2013 stats., or s. 560.795 (3),
72009 stats., that person may not claim credits under this subsection for the taxable
8year that includes the day on which the certification is revoked; the taxable year that
9includes the day on which the person becomes ineligible for tax benefits; or
10succeeding taxable years and that person may not carry over unused credits from
11previous years to offset tax under this chapter for the taxable year that includes the
12day on which certification is revoked; the taxable year that includes the day on which
13the person becomes ineligible for tax benefits; or succeeding taxable years.
SB468,179 14Section 179. 71.28 (1dx) (d) of the statutes is amended to read:
SB468,61,2415 71.28 (1dx) (d) Carry-over precluded. If a person who is entitled under s.
16555.395 (3) or
s. 238.395 (3), 2013 stats., or s. 560.795 (3), 2009 stats., to claim tax
17benefits or certified under s. 555.365 (3), 555.397 (4), 555.398 (3), or 555.3995 (4) or
18s. 238.365 (3), 2013 stats., s. 238.397 (4), 2013 stats., s. 238.398 (3), 2013 stats., or
19s. 238.3995 (4), 2013 stats., or s. 560.765 (3), 2009 stats., s. 560.797 (4), 2009 stats.,
20s. 560.798 (3), 2009 stats., or s. 560.7995 (4), 2009 stats., for tax benefits ceases
21business operations in the development zone during any of the taxable years that
22that zone exists, that person may not carry over to any taxable year following the
23year during which operations cease any unused credits from the taxable year during
24which operations cease or from previous taxable years.
SB468,180 25Section 180. 71.28 (1dy) (a) of the statutes is amended to read:
SB468,62,4
171.28 (1dy) (a) Definition. In this subsection, "claimant" means a person who
2files a claim under this subsection and is certified under s. 555.301 (2) or s. 238.301
3(2), 2013 stats., or s. 560.701 (2), 2009 stats., and authorized to claim tax benefits
4under s. 555.303 or s. 238.303, 2013 stats., or s. 560.703, 2009 stats.
SB468,181 5Section 181. 71.28 (1dy) (b) of the statutes is amended to read:
SB468,62,116 71.28 (1dy) (b) Filing claims. Subject to the limitations under this subsection
7and ss. 555.301 to 555.306 or ss. 238.301 to 238.306 , 2013 stats., or s. ss. 560.701 to
8560.706, 2009 stats., for taxable years beginning after December 31, 2008, a claimant
9may claim as a credit against the tax imposed under s. 71.23, up to the amount of the
10tax, the amount authorized for the claimant under s. 555.303 or s. 238.303, 2013
11stats.,
or s. 560.703, 2009 stats.
SB468,182 12Section 182. 71.28 (1dy) (c) 1. of the statutes is amended to read:
SB468,62,1713 71.28 (1dy) (c) 1. No credit may be allowed under this subsection unless the
14claimant includes with the claimant's return a copy of the claimant's certification
15under s. 555.301 (2) or s. 238.301 (2), 2013 stats., or s. 560.701 (2), 2009 stats., and
16a copy of the claimant's notice of eligibility to receive tax benefits under s. 555.303
17(3) or
s. 238.303 (3), 2013 stats., or s. 560.703 (3), 2009 stats.
SB468,183 18Section 183. 71.28 (1dy) (c) 2. of the statutes is amended to read:
SB468,63,219 71.28 (1dy) (c) 2. Partnerships, limited liability companies, and tax-option
20corporations may not claim the credit under this subsection, but the eligibility for,
21and the amount of, the credit are based on their authorization to claim tax benefits
22under s. 555.303 or s. 238.303, 2013 stats., or s. 560.703, 2009 stats. A partnership,
23limited liability company, or tax-option corporation shall compute the amount of
24credit that each of its partners, members, or shareholders may claim and shall
25provide that information to each of them. Partners, members of limited liability

1companies, and shareholders of tax-option corporations may claim the credit in
2proportion to their ownership interests.
SB468,184 3Section 184. 71.28 (1dy) (d) 2. of the statutes is amended to read:
SB468,63,134 71.28 (1dy) (d) 2. If a claimant's certification is revoked under s. 555.305 or s.
5238.305, 2013 stats., or s. 560.705, 2009 stats., or if a claimant becomes ineligible for
6tax benefits under s. 555.302 or s. 238.302, 2013 stats., or s. 560.702, 2009 stats., the
7claimant may not claim credits under this subsection for the taxable year that
8includes the day on which the certification is revoked; the taxable year that includes
9the day on which the claimant becomes ineligible for tax benefits; or succeeding
10taxable years and the claimant may not carry over unused credits from previous
11years to offset the tax imposed under s. 71.23 for the taxable year that includes the
12day on which certification is revoked; the taxable year that includes the day on which
13the claimant becomes ineligible for tax benefits; or succeeding taxable years.
SB468,185 14Section 185. 71.28 (3g) (a) (intro.) of the statutes is amended to read:
SB468,63,2015 71.28 (3g) (a) (intro.) Subject to the limitations under this subsection and ss.
1673.03 (35m) and 555.23 and s. 238.23, 2013 stats., and s. 560.96, 2009 stats., a
17business that is certified under s. 555.23 (3) or s. 238.23 (3), 2013 stats., or s. 560.96
18(3), 2009 stats., may claim as a credit against the taxes imposed under s. 71.23 an
19amount equal to the sum of the following, as established under s. 555.23 (3) (c) or s.
20238.23 (3) (c), 2013 stats., or s. 560.96 (3) (c), 2009 stats.:
SB468,186 21Section 186. 71.28 (3g) (b) of the statutes is amended to read:
SB468,63,2422 71.28 (3g) (b) The department of revenue shall notify the department of
23commerce or the Wisconsin Economic Development Corporation
department of
24economic opportunity
of all claims under this subsection.
SB468,187 25Section 187. 71.28 (3g) (e) 2. of the statutes is amended to read:
SB468,64,4
171.28 (3g) (e) 2. The investments that relate to the amount described under par.
2(a) 2. for which a claimant makes a claim under this subsection must be retained for
3use in the technology zone for the period during which the claimant's business is
4certified under s. 555.23 (3) or s. 238.23 (3), 2013 stats., or s. 560.96 (3), 2009 stats.
SB468,188 5Section 188. 71.28 (3g) (f) 1. of the statutes is amended to read:
SB468,64,96 71.28 (3g) (f) 1. A copy of the verification that the claimant's business is
7certified under s. 555.23 (3) or s. 238.23 (3), 2013 stats., or s. 560.96 (3), 2009 stats.,
8and that the business has entered into an agreement under s. 555.23 (3) (d) or s.
9238.23 (3) (d), 2013 stats., or s. 560.96 (3) (d), 2009 stats.
SB468,189 10Section 189. 71.28 (3g) (f) 2. of the statutes is amended to read:
SB468,64,1411 71.28 (3g) (f) 2. A statement from the department of commerce or the Wisconsin
12Economic Development Corporation or the department of economic opportunity
13verifying the purchase price of the investment described under par. (a) 2. and
14verifying that the investment fulfills the requirement under par. (e) 2.
SB468,190 15Section 190. 71.28 (3q) (a) 1. of the statutes is amended to read:
SB468,64,1716 71.28 (3q) (a) 1. "Claimant" means a person certified to receive tax benefits
17under s. 555.16 (2) or s. 238.16 (2), 2013 stats., or s. 560.2055 (2), 2009 stats.
SB468,191 18Section 191. 71.28 (3q) (a) 2. of the statutes is amended to read:
SB468,64,2419 71.28 (3q) (a) 2. "Eligible employee" means, for taxable years beginning before
20January 1, 2011, an eligible employee under s. 560.2055 (1) (b), 2009 stats., who
21satisfies the wage requirements under s. 560.2055 (3) (a) or (b), 2009 stats., or, for
22taxable years beginning after December 31, 2010, an eligible employee under s.
23555.16 (1) (b) or
s. 238.16 (1) (b), 2013 stats., who satisfies the wage requirements
24under s. 555.16 (3) (a) or (b) or s. 238.16 (3) (a) or (b), 2013 stats.
SB468,192 25Section 192. 71.28 (3q) (b) of the statutes is amended to read:
SB468,65,4
171.28 (3q) (b) Filing claims. Subject to the limitations provided in this
2subsection and s. 555.16 or s. 238.16, 2013 stats., or s. 560.2055, 2009 stats., for
3taxable years beginning after December 31, 2009, a claimant may claim as a credit
4against the taxes imposed under s. 71.23 any of the following:
SB468,65,75 1. The amount of wages that the claimant paid to an eligible employee in the
6taxable year, not to exceed 10 percent of such wages, as determined under s. 555.16
7or
s. 238.16, 2013 stats., or s. 560.2055, 2009 stats.
SB468,65,118 2. The amount of the costs incurred by the claimant in the taxable year, as
9determined under s. 555.16 or s. 238.16, 2013 stats., or s. 560.2055, 2009 stats., to
10undertake the training activities described under s. 555.16 (3) (c) or s. 238.16 (3) (c),
112013 stats.,
or s. 560.2055 (3) (c), 2009 stats.
SB468,193 12Section 193. 71.28 (3q) (c) 2. of the statutes is amended to read:
SB468,65,1613 71.28 (3q) (c) 2. No credit may be allowed under this subsection unless the
14claimant includes with the claimant's return a copy of the claimant's certification for
15tax benefits under s. 555.16 (2) or s. 238.16 (2) , 2013 stats., or s. 560.2055 (2), 2009
16stats.
SB468,194 17Section 194. 71.28 (3q) (c) 3. of the statutes is amended to read:
SB468,65,2218 71.28 (3q) (c) 3. The maximum amount of credits that may be awarded under
19this subsection and ss. 71.07 (3q) and 71.47 (3q) for the period beginning on January
201, 2010, and ending on June 30, 2013, is $14,500,000, not including the amount of
21any credits reallocated under 555.15 (3) (d) or s. 238.15 (3) (d), 2013 stats., or s.
22560.205 (3) (d), 2009 stats.
SB468,195 23Section 195. 71.28 (3w) (a) 2. of the statutes is amended to read:
SB468,66,3
171.28 (3w) (a) 2. "Claimant" means a person who is certified to claim tax
2benefits under s. 555.399 (5) or s. 238.399 (5), 2013 stats., or s. 560.799 (5), 2009
3stats., and who files a claim under this subsection.
SB468,196 4Section 196. 71.28 (3w) (a) 3. of the statutes is amended to read:
SB468,66,75 71.28 (3w) (a) 3. "Full-time employee" means a full-time employee, as defined
6in s. 555.399 (1) (am) or s. 238.399 (1) (am), 2013 stats., or s. 560.799 (1) (am), 2009
7stats.
SB468,197 8Section 197. 71.28 (3w) (a) 4. of the statutes is amended to read:
SB468,66,109 71.28 (3w) (a) 4. "Enterprise zone" means a zone designated under s. 555.399
10or
s. 238.399, 2013 stats., or s. 560.799, 2009 stats.
SB468,198 11Section 198. 71.28 (3w) (a) 5d. of the statutes is amended to read:
SB468,66,1412 71.28 (3w) (a) 5d. "Tier I county or municipality" means a tier I county or
13municipality, as determined under s. 555.399 or s. 238.399, 2013 stats., or s. 560.799,
142009 stats.
SB468,199 15Section 199. 71.28 (3w) (a) 5e. of the statutes is amended to read:
SB468,66,1816 71.28 (3w) (a) 5e. "Tier II county or municipality" means a tier II county or
17municipality, as determined under s. 555.399 or s. 238.399, 2013 stats., or s. 560.799,
182009 stats.
SB468,200 19Section 200. 71.28 (3w) (b) (intro.) of the statutes is amended to read:
SB468,66,2320 71.28 (3w) (b) Filing claims; payroll. (intro.) Subject to the limitations
21provided in this subsection and s. 555.399 or s. 238.399, 2013 stats., or s. 560.799,
222009 stats., a claimant may claim as a credit against the tax imposed under s. 71.23
23an amount calculated as follows:
SB468,201 24Section 201. 71.28 (3w) (b) 5. of the statutes is amended to read:
SB468,67,3
171.28 (3w) (b) 5. Multiply the amount determined under subd. 4. by the
2percentage determined under s. 555.399 or s. 238.399 , 2013 stats., or s. 560.799, 2009
3stats., not to exceed 7 percent.
SB468,202 4Section 202. 71.28 (3w) (bm) 1. of the statutes is amended to read:
SB468,67,155 71.28 (3w) (bm) 1. In addition to the credits under par. (b) and subds. 2., 3., and
64., and subject to the limitations provided in this subsection and s. 555.399 or s.
7238.399, 2013 stats., or s. 560.799, 2009 stats., a claimant may claim as a credit
8against the tax imposed under s. 71.23 an amount equal to a percentage, as
9determined under s. 555.399 or s. 238.399, 2013 stats., or s. 560.799, 2009 stats., not
10to exceed 100 percent, of the amount the claimant paid in the taxable year to upgrade
11or improve the job-related skills of any of the claimant's full-time employees, to train
12any of the claimant's full-time employees on the use of job-related new technologies,
13or to provide job-related training to any full-time employee whose employment with
14the claimant represents the employee's first full-time job. This subdivision does not
15apply to employees who do not work in an enterprise zone.
SB468,203 16Section 203. 71.28 (3w) (bm) 2. of the statutes is amended to read:
SB468,68,617 71.28 (3w) (bm) 2. In addition to the credits under par. (b) and subds. 1., 3., and
184., and subject to the limitations provided in this subsection and s. 555.399 or s.
19238.399, 2013 stats., or s. 560.799, 2009 stats., a claimant may claim as a credit
20against the tax imposed under s. 71.23 an amount equal to the percentage, as
21determined under s. 555.399 or s. 238.399, 2013 stats., or s. 560.799, 2009 stats., not
22to exceed 7 percent, of the claimant's zone payroll paid in the taxable year to all of
23the claimant's full-time employees whose annual wages are greater than the amount
24determined by multiplying 2,080 by 150 percent of the federal minimum wage in a
25tier I county or municipality, not including the wages paid to the employees

1determined under par. (b) 1., or greater than $30,000 in a tier II county or
2municipality, not including the wages paid to the employees determined under par.
3(b) 1., and who the claimant employed in the enterprise zone in the taxable year, if
4the total number of such employees is equal to or greater than the total number of
5such employees in the base year. A claimant may claim a credit under this
6subdivision for no more than 5 consecutive taxable years.
SB468,204 7Section 204. 71.28 (3w) (bm) 3. of the statutes is amended to read:
SB468,68,148 71.28 (3w) (bm) 3. In addition to the credits under par. (b) and subds. 1., 2., and
94., and subject to the limitations provided in this subsection and s. 555.399 or s.
10238.399, 2013 stats., or s. 560.799, 2009 stats., for taxable years beginning after
11December 31, 2008, a claimant may claim as a credit against the tax imposed under
12s. 71.23 up to 10 percent of the claimant's significant capital expenditures, as
13determined under s. 555.399 (5m) or s. 238.399 (5m) , 2013 stats., or s. 560.799 (5m),
142009 stats.
SB468,205 15Section 205. 71.28 (3w) (bm) 4. of the statutes is amended to read:
SB468,68,2516 71.28 (3w) (bm) 4. In addition to the credits under par. (b) and subds. 1., 2., and
173., and subject to the limitations provided in this subsection and s. 555.399 or s.
18238.399, 2013 stats., or s. 560.799, 2009 stats., for taxable years beginning after
19December 31, 2009, a claimant may claim as a credit against the tax imposed under
20s. 71.23, up to 1 percent of the amount that the claimant paid in the taxable year to
21purchase tangible personal property, items, property, or goods under s. 77.52 (1) (b),
22(c), or (d), or services from Wisconsin vendors, as determined under s. 555.399 (5) (e)
23or
s. 238.399 (5) (e), 2013 stats., or s. 560.799 (5) (e), 2009 stats., except that the
24claimant may not claim the credit under this subdivision and subd. 3. for the same
25expenditures.
SB468,206
1Section 206. 71.28 (3w) (c) 3. of the statutes is amended to read:
SB468,69,52 71.28 (3w) (c) 3. No credit may be allowed under this subsection unless the
3claimant includes with the claimant's return a copy of the claimant's certification for
4tax benefits under s. 555.399 (5) or (5m) or s. 238.399 (5) or (5m), 2013 stats., or s.
5560.799 (5) or (5m), 2009 stats.
SB468,207 6Section 207. 71.28 (3w) (d) of the statutes is amended to read:
SB468,69,117 71.28 (3w) (d) Administration. Subsection (4) (g) and (h), as it applies to the
8credit under sub. (4), applies to the credit under this subsection. Claimants shall
9include with their returns a copy of their certification for tax benefits, and a copy of
10the verification of their expenses, from the department of commerce or the Wisconsin
11Economic Development Corporation or the department of economic opportunity.
SB468,208 12Section 208. 71.28 (3y) (a) 1. of the statutes, as created by 2015 Wisconsin Act
1355
, is amended to read:
SB468,69,1514 71.28 (3y) (a) 1. "Claimant" means a person certified to receive tax benefits
15under s. 238.308 555.308.
SB468,209 16Section 209. 71.28 (3y) (a) 2. of the statutes, as created by 2015 Wisconsin Act
1755
, is amended to read:
SB468,69,1918 71.28 (3y) (a) 2. "Eligible employee" has the meaning given in s. 238.308
19555.308 (1) (a).
SB468,210 20Section 210. 71.28 (3y) (b) (intro.) of the statutes, as created by 2015 Wisconsin
21Act 55
, is amended to read:
SB468,69,2522 71.28 (3y) (b) Filing claims. (intro.) Subject to the limitations provided in this
23subsection and s. 238.308 555.308, for taxable years beginning after December 31,
242015, a claimant may claim as a credit against the tax imposed under s. 71.23 all of
25the following:
SB468,211
1Section 211. 71.28 (3y) (b) 1. of the statutes, as created by 2015 Wisconsin Act
255
, is amended to read:
SB468,70,63 71.28 (3y) (b) 1. The amount of wages that the claimant paid to an eligible
4employee in the taxable year, not to exceed 10 percent of such wages, as determined
5by the Wisconsin Economic Development Corporation department of economic
6opportunity
under s. 238.308 555.308.
SB468,212 7Section 212. 71.28 (3y) (b) 2. of the statutes, as created by 2015 Wisconsin Act
855
, is amended to read:
SB468,70,139 71.28 (3y) (b) 2. In addition to any amount claimed for an eligible employee
10under subd. 1., the amount of wages that the claimant paid to the eligible employee
11in the taxable year, not to exceed 5 percent of such wages, if the eligible employee is
12employed in an economically distressed area, as determined by the Wisconsin
13Economic Development Corporation
department of economic opportunity.
SB468,213 14Section 213. 71.28 (3y) (b) 3. of the statutes, as created by 2015 Wisconsin Act
1555
, is amended to read:
SB468,70,1916 71.28 (3y) (b) 3. The amount of training costs that the claimant incurred under
17s. 238.308 555.308 (4) (a) 3., not to exceed 50 percent of such costs, as determined by
18the Wisconsin Economic Development Corporation department of economic
19opportunity
.
SB468,214 20Section 214. 71.28 (3y) (b) 4. of the statutes, as created by 2015 Wisconsin Act
2155
, is amended to read:
SB468,71,222 71.28 (3y) (b) 4. The amount of the personal property investment, not to exceed
233 percent of such investment, and the amount of the real property investment, not
24to exceed 5 percent of such investment, in a capital investment project that satisfies

1s. 238.308 555.308 (4) (a) 4., as determined by the Wisconsin Economic Development
2Corporation
department of economic opportunity.
SB468,215 3Section 215. 71.28 (3y) (b) 5. of the statutes, as created by 2015 Wisconsin Act
455
, is amended to read:
SB468,71,125 71.28 (3y) (b) 5. An amount, as determined by the Wisconsin Economic
6Development Corporation
department of economic opportunity under s. 238.308
7555.308 (4) (a) 5., equal to a percentage of the amount of wages that the claimant paid
8to an eligible employee in the taxable year if the position in which the eligible
9employee was employed was created or retained in connection with the claimant's
10location or retention of the claimant's corporate headquarters in Wisconsin and the
11job duties associated with the eligible employee's position involve the performance
12of corporate headquarters functions.
SB468,216 13Section 216. 71.28 (3y) (c) 2. of the statutes, as created by 2015 Wisconsin Act
1455
, is amended to read:
SB468,71,1715 71.28 (3y) (c) 2. No credit may be allowed under this subsection unless the
16claimant includes with the claimant's return a copy of the claimant's certification for
17tax benefits under s. 238.308 555.308.
SB468,217 18Section 217. 71.28 (4) (am) 1. of the statutes, as affected by 2015 Wisconsin
19Act 55
, is amended to read:
SB468,72,2020 71.28 (4) (am) 1. In addition to the credit under par. (ad), any corporation may
21credit against taxes otherwise due under this chapter an amount equal to 5 percent
22of the amount obtained by subtracting from the corporation's qualified research
23expenses, as defined in section 41 of the Internal Revenue Code, except that
24"qualified research expenses" include only expenses incurred by the claimant in a
25development zone under subch. II of ch. 555 or subch. II of ch. 238, 2013 stats., or

1subch. VI of ch. 560, 2009 stats., except that a taxpayer may elect the alternative
2computation under section 41 (c) (4) of the Internal Revenue Code and that election
3applies until the department permits its revocation and except that "qualified
4research expenses" does not include research expenses incurred before the claimant
5is certified for tax benefits under s. 555.365 (3) or s. 238.365 (3), 2013 stats., or s.
6560.765 (3), 2009 stats., or the corporation's base amount, as defined in section 41 (c)
7of the Internal Revenue Code, in a development zone, except that gross receipts used
8in calculating the base amount means gross receipts from sales attributable to
9Wisconsin under s. 71.25 (9) (b) 1. and 2., (df) 1. and 2., (dh) 1., 2., and 3., (dj), and
10(dk) and research expenses used in calculating the base amount include research
11expenses incurred before the claimant is certified for tax benefits under s. 555.365
12(3) or
s. 238.365 (3), 2013 stats., or s. 560.765 (3), 2009 stats., in a development zone,
13if the claimant submits with the claimant's return a copy of the claimant's
14certification for tax benefits under s. 555.365 (3) or s. 238.365 (3), 2013 stats., or s.
15560.765 (3), 2009 stats., and a statement from the department of commerce or the
16Wisconsin Economic Development Corporation or the department of economic
17opportunity
verifying the claimant's qualified research expenses for research
18conducted exclusively in a development zone. The rules under s. 73.03 (35) apply to
19the credit under this subdivision. Section 41 (h) of the Internal Revenue Code does
20not apply to the credit under this subdivision.
SB468,218 21Section 218. 71.28 (4) (am) 2. of the statutes is amended to read:
SB468,73,722 71.28 (4) (am) 2. The development zones credit under subd. 1., as it applies to
23a person certified under s. 555.365 (3) or s. 238.365 (3), 2013 stats., or s. 560.765 (3),
242009 stats., applies to a corporation that conducts economic activity in a development
25opportunity zone under s. 555.395 (1) or s. 238.395 (1), 2013 stats., or s. 560.795 (1),

12009 stats., and that is entitled to tax benefits under s. 555.395 (3) or s. 238.395 (3),
22013 stats.,
or s. 560.795 (3), 2009 stats., subject to the limits under s. 555.395 (2) or
3s. 238.395 (2), 2013 stats., or s. 560.795 (2), 2009 stats. A development opportunity
4zone credit under this subdivision may be calculated using expenses incurred by a
5claimant beginning on the effective date under s. 555.395 (2) (a) or s. 238.395 (2) (a),
62013 stats.,
or s. 560.795 (2) (a), 2009 stats., of the development opportunity zone
7designation of the area in which the claimant conducts economic activity.
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