SB468,30,8
140.05 (4) (b) Except as provided under pars. (bc) and (bp), accumulated unused
2sick leave under ss. 13.121 (4), 36.30, 230.35 (2), 233.10, 238.04 (8), and 757.02 (5)
3and subch. V of ch. 111 of any eligible employee shall, at the time of death, upon
4qualifying for an immediate annuity or for a lump sum payment under s. 40.25 (1)
5or upon termination of creditable service and qualifying as an eligible employee
6under s. 40.02 (25) (b) 6. or 10., be converted, at the employee's highest basic pay rate
7he or she received while employed by the state, to credits for payment of health
8insurance premiums on behalf of the employee or the employee's surviving insured
9dependents. Any supplemental compensation that is paid to a state employee who
10is classified under the state classified civil service as a teacher, teacher supervisor,
11or education director for the employee's completion of educational courses that have
12been approved by the employee's employer is considered as part of the employee's
13basic pay for purposes of this paragraph. The full premium for any eligible employee
14who is insured at the time of retirement, or for the surviving insured dependents of
15an eligible employee who is deceased, shall be deducted from the credits until the
16credits are exhausted and paid from the account under s. 40.04 (10), and then
17deducted from annuity payments, if the annuity is sufficient. The department shall
18provide for the direct payment of premiums by the insured to the insurer if the
19premium to be withheld exceeds the annuity payment. Upon conversion of an
20employee's unused sick leave to credits under this paragraph or par. (bf), the
21employee or, if the employee is deceased, the employee's surviving insured
22dependents may initiate deductions from those credits or may elect to delay
23initiation of deductions from those credits, but only if the employee or surviving
24insured dependents are covered by a comparable health insurance plan or policy
25during the period beginning on the date of the conversion and ending on the date on

1which the employee or surviving insured dependents later elect to initiate
2deductions from those credits. If an employee or an employee's surviving insured
3dependents elect to delay initiation of deductions from those credits, an employee or
4the employee's surviving insured dependents may only later elect to initiate
5deductions from those credits during the annual enrollment period under par. (be).
6A health insurance plan or policy is considered comparable if it provides hospital and
7medical benefits that are substantially equivalent to the standard health insurance
8plan established under s. 40.52 (1).
SB468,73 9Section 73. 40.05 (4) (bm) of the statutes is amended to read:
SB468,30,2310 40.05 (4) (bm) Except as provided under par. (bp), accumulated unused sick
11leave under ss. 36.30 and 230.35 (2), or 233.10, or 238.04 (8) of any eligible employee
12shall, upon request of the employee at the time the employee is subject to layoff under
13s. 40.02 (40), be converted at the employee's highest basic pay rate he or she received
14while employed by the state to credits for payment of health insurance premiums on
15behalf of the employee. Any supplemental compensation that is paid to a state
16employee who is classified under the state classified civil service as a teacher, teacher
17supervisor or education director for the employee's completion of educational courses
18that have been approved by the employee's employer is considered as part of the
19employee's basic pay for purposes of this paragraph. The full amount of the required
20employee contribution for any eligible employee who is insured at the time of the
21layoff shall be deducted from the credits until the credits are exhausted, the
22employee is reemployed, or 5 years have elapsed from the date of layoff, whichever
23occurs first.
SB468,74 24Section 74. 40.05 (5) (b) 4. of the statutes is amended to read:
SB468,31,3
140.05 (5) (b) 4. The accrual and crediting of sick leave shall be determined in
2accordance with ss. 13.121 (4), 36.30, 230.35 (2), 233.10, 238.04 (8), and 757.02 (5)
3and subch. V of ch. 111.
SB468,75 4Section 75. 40.62 (2) of the statutes is amended to read:
SB468,31,85 40.62 (2) Sick leave accumulation shall be determined in accordance with rules
6of the department, any collective bargaining agreement under subch. V of ch. 111,
7and ss. 13.121 (4), 36.30, 49.825 (4) (d) and (5) (d), 49.826 (4) (d), 230.35 (2), 233.10,
8238.04 (8), 757.02 (5) and 978.12 (3).
SB468,76 9Section 76. 40.95 (1) (a) 1. of the statutes is amended to read:
SB468,31,1110 40.95 (1) (a) 1. The employee accrues accumulated unused sick leave under s.
1113.121 (4), 36.30, 230.35 (2), 233.10, 238.04 (8), or 757.02 (5).
SB468,77 12Section 77. 41.11 (1g) (b) (intro.) of the statutes is amended to read:
SB468,31,1613 41.11 (1g) (b) (intro.) The department, in consultation with the Wisconsin
14Economic Development Corporation
department of economic opportunity, shall do
15all of the following for each economic development program administered by the
16department:
SB468,78 17Section 78. 41.11 (1r) (a) of the statutes is amended to read:
SB468,31,2018 41.11 (1r) (a) The department shall coordinate any economic development
19assistance with the Wisconsin Economic Development Corporation department of
20economic opportunity
.
SB468,79 21Section 79. 41.11 (1r) (b) of the statutes is amended to read:
SB468,32,422 41.11 (1r) (b) Annually, no later than October 1, the department shall submit
23to the joint legislative audit committee and to the appropriate standing committees
24of the legislature under s. 13.172 (3) a comprehensive report assessing economic
25development programs, as defined in sub. (1g) (a), administered by the department.

1The report shall include all of the information required under s. 238.07 555.07 (2).
2The department shall collaborate with the Wisconsin Economic Development
3Corporation
department of economic opportunity to make readily accessible to the
4public on an Internet-based system the information required under this subsection.
SB468,80 5Section 80. 59.57 (1) (a) of the statutes is amended to read:
SB468,32,176 59.57 (1) (a) Subject to par. (b), the board may appropriate money for and create
7a county industrial development agency or to any nonprofit agency organized to
8engage or engaging in activities described in this paragraph, appoint an executive
9officer and provide a staff and facilities to promote and develop the resources of the
10county and of its component municipalities. To this end the agency may, without
11limitation because of enumeration, develop data regarding the industrial needs,
12advantages and sites in the county, acquaint the purchaser with the products of the
13county by promotional activities, coordinate its work with that of the county
14planning commission, the Wisconsin Economic Development Corporation
15department of economic opportunity, and private credit development corporations,
16and do all things necessary to provide for the continued improvement of the
17industrial climate of the county.
SB468,81 18Section 81. 60.23 (4) (c) of the statutes is amended to read:
SB468,32,2119 60.23 (4) (c) Coordinate its activities with the county planning commission, the
20Wisconsin Economic Development Corporation department of economic opportunity,
21and private credit development organizations.
SB468,82 22Section 82. 66.1103 (4m) (a) 1. of the statutes is amended to read:
SB468,33,223 66.1103 (4m) (a) 1. The person, at least 30 days prior to entering into the
24revenue agreement, has given a notice of intent to enter into the agreement, on a
25form prescribed under s. 238.11 555.11 (1), to the Wisconsin Economic Development

1Corporation
department of economic opportunity and to any collective bargaining
2agent in this state with whom the person has a collective bargaining agreement.
SB468,83 3Section 83. 66.1103 (4m) (a) 2. of the statutes is amended to read:
SB468,33,104 66.1103 (4m) (a) 2. The municipality or county has received an estimate issued
5under s. 238.11 555.11 (5), and the Wisconsin Economic Development Corporation
6department of economic opportunity has estimated whether the project which the
7municipality or county would finance under the revenue agreement is expected to
8eliminate, create, or maintain jobs on the project site and elsewhere in this state and
9the net number of jobs expected to be eliminated, created, or maintained as a result
10of the project.
SB468,84 11Section 84. 66.1103 (4m) (b) of the statutes is amended to read:
SB468,33,1912 66.1103 (4m) (b) Any revenue agreement which an eligible participant enters
13into with a municipality or county to finance a project shall require the eligible
14participant to submit to the Wisconsin Economic Development Corporation
15department of economic opportunity within 12 months after the project is completed
16or 2 years after a revenue bond is issued to finance the project, whichever is sooner,
17on a form prescribed under s. 238.11 555.11 (1), the net number of jobs eliminated,
18created, or maintained on the project site and elsewhere in this state as a result of
19the project.
SB468,85 20Section 85. 66.1103 (4s) (a) 1. of the statutes is amended to read:
SB468,33,2221 66.1103 (4s) (a) 1. "Corporation" "Department" means the Wisconsin Economic
22Development Corporation department of economic opportunity.
SB468,86 23Section 86. 66.1103 (4s) (b) 3. of the statutes is amended to read:
SB468,34,324 66.1103 (4s) (b) 3. The employer shall certify compliance with this subsection
25to the corporation department, to the governing body of each municipality or county

1within which a lost job exists and to any collective bargaining agent in this state with
2which the employer has a collective bargaining agreement at the project site or at a
3site where a lost job exists.
SB468,87 4Section 87. 66.1103 (4s) (b) 4. of the statutes is amended to read:
SB468,34,105 66.1103 (4s) (b) 4. The employer shall submit a report to the corporation
6department every 3 months during the first year after the construction of the project
7is completed. The reports shall provide information about new jobs, lost jobs, and
8offers of employment made to persons who were formerly employed at lost jobs. The
94th report shall be the final report. The form and content of the reports shall be
10prescribed by the corporation department under par. (d).
SB468,88 11Section 88. 66.1103 (4s) (d) of the statutes is amended to read:
SB468,34,1312 66.1103 (4s) (d) The corporation department shall administer this subsection
13and shall prescribe forms for certification and reports under par. (b).
SB468,89 14Section 89. 66.1103 (10) (c) of the statutes is amended to read:
SB468,34,2315 66.1103 (10) (c) A copy of the initial resolution together with a statement
16indicating when the public notice required under par. (b) was published shall be filed
17with the Wisconsin Economic Development Corporation department of economic
18opportunity
within 20 days following publication of notice. Prior to the closing of the
19bond issue, the corporation department may require additional information from the
20eligible participant or the municipality or county. After the closing of the bond issue,
21the corporation department shall be notified of the closing date, any substantive
22changes made to documents previously filed with the corporation department, and
23the principal amount of the financing.
SB468,90 24Section 90. 66.1103 (10) (g) of the statutes is amended to read:
SB468,35,5
166.1103 (10) (g) Bonds may not be issued unless prior to adoption of an initial
2resolution a document which provides a good faith estimate of attorney fees which
3will be paid from bond proceeds is filed with the clerk of the municipality or county
4and the Wisconsin Economic Development Corporation department of economic
5opportunity
.
SB468,91 6Section 91. 70.11 (38r) of the statutes is repealed.
SB468,92 7Section 92. 71.07 (2dm) (a) 1. of the statutes is amended to read:
SB468,35,128 71.07 (2dm) (a) 1. "Certified" means entitled under s. 555.395 (3) (a) 4. or s.
9238.395 (3) (a) 4., 2013 stats., or s. 560.795 (3) (a) 4., 2009 stats., to claim tax benefits
10or certified under s. 555.395 (5), 555.398 (5), or 555.3995 (4) or s. 238.395 (5), 2013
11stats., s.
238.398 (5), 2013 stats., or s. 238.3995 (4), 2013 stats., or s. 560.795 (5), 2009
12stats., s. 560.798 (3), 2009 stats., or s. 560.7995 (4), 2009 stats.
SB468,93 13Section 93. 71.07 (2dm) (a) 3. of the statutes is amended to read:
SB468,35,1814 71.07 (2dm) (a) 3. "Development zone" means a development opportunity zone
15under s. 555.395 (1) (e) and (f) or 555.398 or s. 238.395 (1) (e) and (f), 2013 stats., or
16s. 238.398, 2013 stats., or s. 560.795 (1) (e) and (f), 2009 stats., or s. 560.798, 2009
17stats., or an airport development zone under s. 555.3995 or s. 238.3995, 2013 stats.,
18or s. 560.7995, 2009 stats.
SB468,94 19Section 94. 71.07 (2dm) (a) 4. of the statutes is amended to read:
SB468,36,420 71.07 (2dm) (a) 4. "Previously owned property" means real property that the
21claimant or a related person owned during the 2 years prior to the department of
22commerce or the Wisconsin Economic Development Corporation or the department
23of economic opportunity
designating the place where the property is located as a
24development zone and for which the claimant may not deduct a loss from the sale of
25the property to, or an exchange of the property with, the related person under section

1267 of the Internal Revenue Code, except that section 267 (b) of the Internal Revenue
2Code is modified so that if the claimant owns any part of the property, rather than
350% ownership, the claimant is subject to section 267 (a) (1) of the Internal Revenue
4Code for purposes of this subsection.
SB468,95 5Section 95. 71.07 (2dm) (f) 1. of the statutes is amended to read:
SB468,36,106 71.07 (2dm) (f) 1. A copy of the verification that the claimant may claim tax
7benefits under s. 555.395 (3) (a) 4. or s. 238.395 (3) (a) 4., 2013 stats., or s. 560.795
8(3) (a) 4., 2009 stats., or is certified under s. 555.395 (5), 555.398 (3), or 555.3995 (4)
9or
s. 238.395 (5), 2013 stats., s. 238.398 (3) , 2013 stats., or s. 238.3995 (4), 2013 stats.,
10or s. 560.795 (5), 2009 stats., s. 560.798 (3), 2009 stats., or s. 560.7995 (4), 2009 stats.
SB468,96 11Section 96. 71.07 (2dm) (f) 2. of the statutes is amended to read:
SB468,36,1512 71.07 (2dm) (f) 2. A statement from the department of commerce or the
13Wisconsin Economic Development Corporation or the department of economic
14opportunity
verifying the purchase price of the investment and verifying that the
15investment fulfills the requirements under par. (b).
SB468,97 16Section 97. 71.07 (2dm) (i) of the statutes is amended to read:
SB468,37,617 71.07 (2dm) (i) Partnerships, limited liability companies, and tax-option
18corporations may not claim the credit under this subsection, but the eligibility for,
19and the amount of, that credit shall be determined on the basis of their economic
20activity, not that of their shareholders, partners, or members. The corporation,
21partnership, or limited liability company shall compute the amount of credit that
22may be claimed by each of its shareholders, partners, or members and provide that
23information to its shareholders, partners, or members. Partners, members of limited
24liability companies, and shareholders of tax-option corporations may claim the
25credit based on the partnership's, company's, or corporation's activities in proportion

1to their ownership interest and may offset it against the tax attributable to their
2income from the partnership's, company's, or corporation's business operations in the
3development zone; except that partners, members, and shareholders in a
4development zone under s. 555.395 (1) (e) or s. 238.395 (1) (e), 2013 stats., or s.
5560.795 (1) (e), 2009 stats., may offset the credit against the amount of the tax
6attributable to their income.
SB468,98 7Section 98. 71.07 (2dm) (j) of the statutes is amended to read:
SB468,37,208 71.07 (2dm) (j) If a person who is entitled under s. 555.395 (3) (a) 4. or s. 238.395
9(3) (a) 4., 2013 stats., or s. 560.795 (3) (a) 4., 2009 stats., to claim tax benefits becomes
10ineligible for such tax benefits, or if a person's certification under s. 555.395 (5),
11555.398 (3), or 555.3995 (4) or
s. 238.395 (5), 2013 stats., s. 238.398 (3), 2013 stats.,
12or s. 238.3995 (4), 2013 stats., or s. 560.795 (5), 2009 stats., s. 560.798 (3), 2009 stats.,
13or s. 560.7995 (4), 2009 stats., is revoked, that person may claim no credits under this
14subsection for the taxable year that includes the day on which the person becomes
15ineligible for tax benefits, the taxable year that includes the day on which the
16certification is revoked, or succeeding taxable years, and that person may carry over
17no unused credits from previous years to offset tax under this chapter for the taxable
18year that includes the day on which the person becomes ineligible for tax benefits,
19the taxable year that includes the day on which the certification is revoked, or
20succeeding taxable years.
SB468,99 21Section 99. 71.07 (2dm) (k) of the statutes is amended to read:
SB468,38,522 71.07 (2dm) (k) If a person who is entitled under s. 555.395 (3) (a) 4. or s.
23238.395 (3) (a) 4., 2013 stats., or s. 560.795 (3) (a) 4., 2009 stats., to claim tax benefits
24or certified under s. 555.395 (5), 555.398 (3), or 555.3995 (4) or s. 238.395 (5), 2013
25stats., s.
238.398 (3), 2013 stats., or s. 238.3995 (4), 2013 stats., or s. 560.795 (5), 2009

1stats., s. 560.798 (3), 2009 stats., or s. 560.7995 (4), 2009 stats., ceases business
2operations in the development zone during any of the taxable years that that zone
3exists, that person may not carry over to any taxable year following the year during
4which operations cease any unused credits from the taxable year during which
5operations cease or from previous taxable years.
SB468,100 6Section 100. 71.07 (2dx) (a) 2. of the statutes is amended to read:
SB468,38,137 71.07 (2dx) (a) 2. "Development zone" means a development zone under s.
8555.30 or
s. 238.30, 2013 stats., or s. 560.70, 2009 stats., a development opportunity
9zone under s. 555.395 or s. 238.395, 2013 stats., or s. 560.795, 2009 stats., an
10enterprise development zone under s. 555.397 or s. 238.397, 2013 stats., or s.
11560.797, 2009 stats., an agricultural development zone under s. 555.398 or s.
12238.398, 2013 stats., or s. 560.798, 2009 stats., or an airport development zone under
13s. 555.3995 or s. 238.3995, 2013 stats., or s. 560.7995, 2009 stats.
SB468,101 14Section 101. 71.07 (2dx) (a) 4. of the statutes is amended to read:
SB468,38,1615 71.07 (2dx) (a) 4. "Full-time job" has the meaning given in s. 238.30 555.30
16(2m).
SB468,102 17Section 102. 71.07 (2dx) (b) (intro.), 2. and 3. of the statutes are amended to
18read:
SB468,39,219 71.07 (2dx) (b) Credit. (intro.) Except as provided in pars. (be) and (bg) and
20in s. 73.03 (35), and subject to s. 555.385 or s. 238.385, 2013 stats., or s. 560.785, 2009
21stats., for any taxable year for which the person is entitled under s. 555.395 (3) or s.
22238.395 (3), 2013 stats., or s. 560.795 (3), 2009 stats., to claim tax benefits or certified
23under s. 555.365 (3). 555.397 (4), 555.398 (3), or 555.3995 or s. 238.365 (3), 2013
24stats., s.
238.397 (4), 2013 stats., s. 238.398 (3), 2013 stats., or s. 238.3995 (4), 2013
25stats.,
or s. 560.765 (3), 2009 stats., s. 560.797 (4), 2009 stats., s. 560.798 (3), 2009

1stats., or s. 560.7995 (4), 2009 stats., any person may claim as a credit against the
2taxes otherwise due under this chapter the following amounts:
SB468,39,73 2. The amount determined by multiplying the amount determined under s.
4555.385 (1) (b) or
s. 238.385 (1) (b), 2013 stats., or s. 560.785 (1) (b), 2009 stats., by
5the number of full-time jobs created in a development zone and filled by a member
6of a targeted group and by then subtracting the subsidies paid under s. 49.147 (3) (a)
7for those jobs.
SB468,39,128 3. The amount determined by multiplying the amount determined under s.
9555.385 (1) (c) or
s. 238.385 (1) (c), 2013 stats., or s. 560.785 (1) (c), 2009 stats., by the
10number of full-time jobs created in a development zone and not filled by a member
11of a targeted group and by then subtracting the subsidies paid under s. 49.147 (3) (a)
12for those jobs.
SB468,103 13Section 103. 71.07 (2dx) (b) 4. and 5. of the statutes, as affected by 2015
14Wisconsin Act 55
, are amended to read:
SB468,39,2115 71.07 (2dx) (b) 4. The amount determined by multiplying the amount
16determined under s. 555.385 (1) (bm) or s. 238.385 (1) (bm), 2013 stats., or s. 560.785
17(1) (bm), 2009 stats., by the number of full-time jobs retained, as provided in the
18rules
under s. 555.385 or s. 238.385, 2013 stats., or s. 560.785, 2009 stats., in an
19enterprise development zone under s. 555.397 or s. 238.397, 2013 stats., or s.
20560.797, 2009 stats., and for which significant capital investment was made and by
21then subtracting the subsidies paid under s. 49.147 (3) (a) for those jobs.
SB468,40,222 5. The amount determined by multiplying the amount determined under s.
23555.385 (1) (c) or
s. 238.385 (1) (c), 2013 stats., or s. 560.785 (1) (c), 2009 stats., by the
24number of full-time jobs retained, as provided in the rules under s. 555.385 or s.
25238.385, 2013 stats., or s. 560.785, 2009 stats., in a development zone and not filled

1by a member of a targeted group and by then subtracting the subsidies paid under
2s. 49.147 (3) (a) for those jobs.
SB468,104 3Section 104. 71.07 (2dx) (be) of the statutes is amended to read:
SB468,40,94 71.07 (2dx) (be) Offset. A claimant in a development zone under s. 555.395 (1)
5(e) or
s. 238.395 (1) (e), 2013 stats., or s. 560.795 (1) (e), 2009 stats., may offset any
6credits claimed under this subsection, including any credits carried over, against the
7amount of the tax otherwise due under this subchapter attributable to all of the
8claimant's income and against the tax attributable to income from directly related
9business operations of the claimant.
SB468,105 10Section 105. 71.07 (2dx) (bg) of the statutes is amended to read:
SB468,40,2211 71.07 (2dx) (bg) Other entities. For claimants in a development zone under s.
12555.395 (1) (e) or
s. 238.395 (1) (e), 2013 stats., or s. 560.795 (1) (e), 2009 stats.,
13partnerships, limited liability companies, and tax-option corporations may not
14claim the credit under this subsection, but the eligibility for, and amount of, that
15credit shall be determined on the basis of their economic activity, not that of their
16shareholders, partners, or members. The corporation, partnership, or company shall
17compute the amount of the credit that may be claimed by each of its shareholders,
18partners, or members and shall provide that information to each of its shareholders,
19partners, or members. Partners, members of limited liability companies, and
20shareholders of tax-option corporations may claim the credit based on the
21partnership's, company's, or corporation's activities in proportion to their ownership
22interest and may offset it against the tax attributable to their income.
SB468,106 23Section 106. 71.07 (2dx) (c) of the statutes is amended to read:
SB468,41,1124 71.07 (2dx) (c) Credit precluded. If the certification of a person for tax benefits
25under s. 555.365 (3), 555.397 (4), 555.398 (3), or 555.3995 (4) or s. 238.365 (3), 2013

1stats., s.
238.397 (4), 2013 stats., s. 238.398 (3), 2013 stats., or s. 238.3995 (4), 2013
2stats.,
or s. 560.765 (3), 2009 stats., s. 560.797 (4), 2009 stats., s. 560.798 (3), 2009
3stats., or s. 560.7995 (4), 2009 stats., is revoked, or if the person becomes ineligible
4for tax benefits under s. 555.395 (3) or s. 238.395 (3), 2013 stats., or s. 560.795 (3),
52009 stats., that person may not claim credits under this subsection for the taxable
6year that includes the day on which the certification is revoked; the taxable year that
7includes the day on which the person becomes ineligible for tax benefits; or
8succeeding taxable years and that person may not carry over unused credits from
9previous years to offset tax under this chapter for the taxable year that includes the
10day on which certification is revoked; the taxable year that includes the day on which
11the person becomes ineligible for tax benefits; or succeeding taxable years.
SB468,107 12Section 107. 71.07 (2dx) (d) of the statutes is amended to read:
SB468,41,2213 71.07 (2dx) (d) Carry-over precluded. If a person who is entitled under s.
14555.395 (3) or
s. 238.395 (3), 2013 stats., or s. 560.795 (3), 2009 stats., to claim tax
15benefits or certified under s. 555.365 (3), 555.397 (4), 555.398 (3), or 555.3995 (4) or
16s. 238.365 (3), 2013 stats., s. 238.397 (4), 2013 stats., s. 238.398 (3), 2013 stats., or
17s. 238.3995 (4), 2013 stats., or s. 560.765 (3), 2009 stats., s. 560.797 (4), 2009 stats.,
18s. 560.798 (3), 2009 stats., or s. 560.7995 (4), 2009 stats., for tax benefits ceases
19business operations in the development zone during any of the taxable years that
20that zone exists, that person may not carry over to any taxable year following the
21year during which operations cease any unused credits from the taxable year during
22which operations cease or from previous taxable years.
SB468,108 23Section 108. 71.07 (2dy) (a) of the statutes is amended to read:
SB468,42,224 71.07 (2dy) (a) Definition. In this subsection, "claimant" means a person who
25files a claim under this subsection and is certified under s. 555.301 (2) or s. 238.301

1(2), 2013 stats., or s. 560.701 (2), 2009 stats., and authorized to claim tax benefits
2under s. 555.303 or s. 238.303, 2013 stats., or s. 560.703, 2009 stats.
SB468,109 3Section 109. 71.07 (2dy) (b) of the statutes is amended to read:
SB468,42,94 71.07 (2dy) (b) Filing claims. Subject to the limitations under this subsection
5and ss. 555.301 to 555.306 or ss. 238.301 to 238.306 , 2013 stats., or ss. 560.701 to
6560.706, 2009 stats., for taxable years beginning after December 31, 2008, a claimant
7may claim as a credit against the tax imposed under s. 71.02 or 71.08, up to the
8amount of the tax, the amount authorized for the claimant under s. 555.303 or s.
9238.303, 2013 stats., or s. 560.703, 2009 stats.
SB468,110 10Section 110. 71.07 (2dy) (c) 1. of the statutes is amended to read:
SB468,42,1511 71.07 (2dy) (c) 1. No credit may be allowed under this subsection unless the
12claimant includes with the claimant's return a copy of the claimant's certification
13under s. 555.301 (2) or s. 238.301 (2), 2013 stats., or s. 560.701 (2), 2009 stats., and
14a copy of the claimant's notice of eligibility to receive tax benefits under s. 555.303
15(3) or
s. 238.303 (3), 2013 stats., or s. 560.703 (3), 2009 stats.
SB468,111 16Section 111. 71.07 (2dy) (c) 2. of the statutes is amended to read:
SB468,42,2517 71.07 (2dy) (c) 2. Partnerships, limited liability companies, and tax-option
18corporations may not claim the credit under this subsection, but the eligibility for,
19and the amount of, the credit are based on their authorization to claim tax benefits
20under s. 555.303 or s. 238.303, 2013 stats., or s. 560.703, 2009 stats. A partnership,
21limited liability company, or tax-option corporation shall compute the amount of
22credit that each of its partners, members, or shareholders may claim and shall
23provide that information to each of them. Partners, members of limited liability
24companies, and shareholders of tax-option corporations may claim the credit in
25proportion to their ownership interests.
SB468,112
1Section 112. 71.07 (2dy) (d) 2. of the statutes is amended to read:
SB468,43,122 71.07 (2dy) (d) 2. If a claimant's certification is revoked under s. 555.305 or s.
3238.305, 2013 stats., or s. 560.705, 2009 stats., or if a claimant becomes ineligible for
4tax benefits under s. 555.302 or s. 238.302, 2013 stats., or s. 560.702, 2009 stats., the
5claimant may not claim credits under this subsection for the taxable year that
6includes the day on which the certification is revoked; the taxable year that includes
7the day on which the claimant becomes ineligible for tax benefits; or succeeding
8taxable years and the claimant may not carry over unused credits from previous
9years to offset the tax imposed under s. 71.02 or 71.08 for the taxable year that
10includes the day on which certification is revoked; the taxable year that includes the
11day on which the claimant becomes ineligible for tax benefits; or succeeding taxable
12years.
SB468,113 13Section 113. 71.07 (3g) (a) (intro.) of the statutes is amended to read:
SB468,43,1914 71.07 (3g) (a) (intro.) Subject to the limitations under this subsection and ss.
1573.03 (35m) and 555.23 and s. 238.23, 2013 stats., and s. 560.96, 2009 stats., a
16business that is certified under s. 555.23 (3) or s. 238.23 (3), 2013 stats., or s. 560.96
17(3), 2009 stats., may claim as a credit against the taxes imposed under s. 71.02 an
18amount equal to the sum of the following, as established under s. 555.23 (3) (c) or s.
19238.23 (3) (c), 2013 stats., or s. 560.96 (3) (c), 2009 stats.:
SB468,114 20Section 114. 71.07 (3g) (b) of the statutes is amended to read:
SB468,43,2321 71.07 (3g) (b) The department of revenue shall notify the department of
22commerce or the Wisconsin Economic Development Corporation
department of
23economic opportunity
of all claims under this subsection.
SB468,115 24Section 115. 71.07 (3g) (e) 2. of the statutes is amended to read:
SB468,44,4
171.07 (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.
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