SB859,7,98 1. Determine the eligible payroll for the taxable year for full-time employees
9employed by the claimant.
SB859,7,1010 2. Multiply the amount determined under subd. 1. by 17 percent.
SB859,7,1511 (bm) Filing supplemental claims. In addition to claiming the credit under par.
12(b), and subject to the limitations under this subsection and s. 238.165, a claimant
13may claim as a credit against the tax imposed under s. 71.23 an amount up to 15
14percent of the claimant's significant capital expenditures in this state in the taxable
15year, as determined under s. 238.165 (4).
SB859,7,2316 (c) Limitations. 1. Partnerships, limited liability companies, and tax-option
17corporations may not claim the credit under this subsection, but the eligibility for,
18and the amount of, the credit are based on their payment of amounts described under
19pars. (b) and (bm). A partnership, limited liability company, or tax-option
20corporation shall compute the amount of credit that each of its partners, members,
21or shareholders may claim and shall provide that information to each of them.
22Partners, members of limited liability companies, and shareholders of tax-option
23corporations may claim the credit in proportion to their ownership interests.
SB859,8,3
12. No credit may be allowed under this subsection unless the claimant includes
2with the claimant's return a copy of the claimant's certification for tax benefits under
3s. 238.165 (2).
SB859,8,54 (d) Administration. 1. Subsection (4) (g) and (h), as it applies to the credit
5under sub. (4), applies to the credit under this subsection.
SB859,8,116 2. If the allowable amount of the claim under this subsection exceeds the taxes
7otherwise due on the claimant's income under s. 71.23, the amount of the claim that
8is not used to offset those taxes shall be certified by the department of revenue to the
9department of administration for payment by check, share draft, or other draft
10drawn from the appropriation under s. 20.835 (2) (cq). Notwithstanding s. 71.82, no
11interest shall be paid on amounts certified under this subdivision.
SB859,9 12Section 9. 71.30 (3) (f) of the statutes, as affected by 2017 Wisconsin Acts 58
13and 59, is amended to read:
SB859,8,2514 71.30 (3) (f) The total of farmland preservation credit under subch. IX,
15farmland tax relief credit under s. 71.28 (2m), dairy manufacturing facility
16investment credit under s. 71.28 (3p), jobs credit under s. 71.28 (3q), meat processing
17facility investment credit under s. 71.28 (3r), woody biomass harvesting and
18processing credit under s. 71.28 (3rm), food processing plant and food warehouse
19investment credit under s. 71.28 (3rn), enterprise zone jobs credit under s. 71.28
20(3w), electronics and information technology manufacturing zone credit under s.
2171.28 (3wm), paper products manufacturer credit under s. 71.28 (3ym), business
22development credit under s. 71.28 (3y), research credit under s. 71.28 (4) (k) 1., film
23production services credit under s. 71.28 (5f), film production company investment
24credit under s. 71.28 (5h), beginning farmer and farm asset owner tax credit under
25s. 71.28 (8r), and estimated tax payments under s. 71.29.
SB859,10
1Section 10. 71.34 (1k) (g) of the statutes, as affected by 2017 Wisconsin Act 58,
2is amended to read:
SB859,9,63 71.34 (1k) (g) An addition shall be made for credits computed by a tax-option
4corporation under s. 71.28 (1dm), (1dx), (1dy), (3), (3g), (3h), (3n), (3p), (3q), (3r),
5(3rm), (3rn), (3t), (3w), (3wm), (3y), (3ym), (4), (5), (5e), (5f), (5g), (5h), (5i), (5j), (5k),
6(5r), (5rm), (6n), and (8r) and passed through to shareholders.
SB859,11 7Section 11. 77.54 (67) of the statutes is created to read:
SB859,9,148 77.54 (67) The sales price from the sale of building materials, supplies, and
9equipment and the sale of services described in s. 77.52 (2) (a) 20. to; and the storage,
10use, or other consumption of the same property and services by; owners, lessees,
11contractors, subcontractors, or builders if that property or service is acquired solely
12for or used solely in the construction or development of facilities for which capital
13expenditures may be claimed as a credit under s. 71.07 (3ym) (bm) or 71.28 (3ym)
14(bm), as certified by the Wisconsin Economic Development Corporation.
SB859,12 15Section 12. 238.12 (1) of the statutes, as affected by 2017 Wisconsin Act 58,
16is amended to read:
SB859,9,1917 238.12 (1) In this section, “tax benefits" means the credits under ss. 71.07
18(2dm), (2dx), (3g), (3t), and (3wm), and (3ym), 71.28 (1dm), (1dx), (3g), (3t), and
19(3wm), and (3ym), 71.47 (1dm), (1dx), (3g), and (3t), and 76.636.
SB859,13 20Section 13. 238.165 of the statutes is created to read:
SB859,9,25 21238.165 Paper products manufacturer tax credit. (1) Legislative
22declaration.
The legislature finds and determines that tax benefits provided under
23this section to the paper products manufacturer specified under sub. (2) (a)
24encourage economic development in this state, reduce unemployment in this state,
25preserve business activities within this state, and preserve and increase needed

1capital in this state for the benefit and welfare of people throughout the state. The
2tax benefits are therefore in the public interest and will serve a public purpose, and
3it is the public policy of this state to provide the tax benefits under this section.
SB859,10,4 4(1m) Definition. In this section:
SB859,10,95 (a) “Full-time employee" means an individual who is employed at a facility
6specified under sub. (2) (a) in a job for which the annual pay is at least $30,000 and
7who is offered retirement, health, and other benefits that are equivalent to the
8retirement, health, and other benefits offered to an individual who is required to
9work at least 2,080 hours per year.
SB859,10,1110 (b) “Tax benefits” means the income and franchise tax credits under ss. 71.07
11(3ym) and 71.28 (3ym).
SB859,10,13 12(2) Certification. The corporation may certify a business to receive tax
13benefits under this section if all of the following apply:
SB859,10,1614 (a) The business is a paper products manufacturer with facilities located at
151050 Cold Spring Road in the village of Fox Crossing and 1111 Henry Street in the
16city of Neenah.
SB859,10,1817 (b) The business applies under this section and enters into a contract with the
18corporation.
SB859,10,20 19(3) Time limit. A certification under sub. (2) shall remain in effect for no more
20than 15 years.
SB859,11,3 21(4) Additional tax benefits for significant capital expenditures. If the
22corporation determines that a business certified under sub. (2) makes a significant
23capital expenditure at a facility specified under sub. (2) (a), the corporation may
24certify the business to receive additional tax benefits in an amount to be determined
25by the corporation, but not exceeding 15 percent of the business's capital

1expenditures. The corporation shall, in a manner determined by the corporation,
2allocate the tax benefits a business is certified to receive under this subsection over
3a period of years.
SB859,11,5 4(6) Other duties. (a) The corporation shall revoke a certification under sub.
5(2) if the business does any of the following:
SB859,11,66 1. Supplies false or misleading information to obtain tax benefits.
SB859,11,87 2. Leaves the state to conduct substantially the same business outside the
8state.
SB859,11,109 3. Ceases operations in the state and does not renew operation of the business
10or a similar business in the state within 12 months.
SB859,11,1311 4. Fails to retain at least 93 percent of its full-time employees who were
12identified as being full-time employees of the business in the base year, as
13determined by the corporation.
SB859,11,1714 5. Fails to retain at least 93 percent of its employees employed in a full-time
15capacity in this state but not at the facilities specified under sub. (2) (a) who were
16identified as being employees of the business so employed in the base year, as
17determined by the corporation.
SB859,11,2118 (b) The corporation may require a business to repay any tax benefits the
19business claims for a year in which the business failed to maintain employment
20levels or a significant capital investment in property required by contract between
21the business and the corporation.
SB859,12,222 (c) The corporation shall determine the maximum amount of the tax benefits
23that a certified business may claim and shall notify the department of revenue of this
24amount. Tax benefits may be claimed for a full-time employee only if the employee

1is employed in a position existing on the effective date of this paragraph .... [LRB
2inserts date].
SB859,12,43 (d) The corporation shall annually verify the information submitted to the
4corporation for purposes of ss. 71.07 (3ym) and 71.28 (3ym).
SB859,12,65 (e) The corporation shall adopt policies and procedures defining “significant
6capital expenditure” for purposes of sub. (4).
SB859,14 7Section 14. Initial applicability.
SB859,12,118 (1) Sales and use tax exemption. The treatment of section 77.54 (67) of the
9statutes first applies to purchases made by a business after the Wisconsin Economic
10Development Corporation enters into a contract with the business under section
11238.165 (2) (b) of the statutes.
SB859,12,1212 (End)
Loading...
Loading...