AB43,920,2218
71.28
(8b) (a) 5. “Credit period” means the period of
6 10 taxable years
19beginning with the taxable year in which a qualified development is placed in
20service. For purposes of this subdivision, if a qualified development consists of more
21than one building, the qualified development is placed in service in the taxable year
22in which the last building of the qualified development is placed in service.
AB43,1485
23Section
1485. 71.28 (8b) (a) 7. of the statutes is amended to read:
AB43,921,824
71.28
(8b) (a) 7. “Qualified development” means a qualified low-income
25housing project under section
42 (g) of the Internal Revenue Code that is financed
1with tax-exempt bonds
, pursuant to section 42 (i) (2) described in section 42 (h) (4)
2(A) of the Internal Revenue Code,
allocated the credit under section 42 of the Internal
3Revenue Code, and located in this state
; except that the authority may waive, in the
4qualified allocation plan under section 42 (m) (1) (B) of the Internal Revenue Code,
5the requirements of tax-exempt bond financing and federal credit allocation to the
6extent the authority anticipates that sufficient volume cap under section 146 of the
7Internal Revenue Code will not be available to finance low-income housing projects
8in any year.
AB43,1486
9Section 1486
. 71.28 (8m) of the statutes is created to read:
AB43,921,1110
71.28
(8m) Universal changing station credit. (a)
Definitions. In this
11subsection:
AB43,921,1312
1. “Claimant" means a person who files a claim under this subsection and meets
13either of the following conditions during the preceding taxable year:
AB43,921,1414
a. Had gross receipts that did not exceed $1,000,000.
AB43,921,1515
b. Employed no more than 30 full-time employees.
AB43,921,1716
2. “Full-time employee” means an individual who is employed for at least 30
17hours per week for 20 or more calendar weeks during a taxable year.
AB43,921,1818
3. “Universal changing station” has the meaning given in s. 71.07 (8m) (a) 3.
AB43,921,2319
(b)
Filing claims. For taxable years beginning after December 31, 2022, subject
20to the limitations provided in this subsection, a claimant may claim as a credit
21against the tax imposed under s. 71.23, up to the amount of those taxes, an amount
22equal to 50 percent of the amount the claimant paid during the taxable year to install
23a universal changing station.
AB43,922,424
(c)
Limitations. 1. No credit may be claimed under this subsection unless the
25universal changing station is installed in a single-occupant restroom that measures
1at least 8 feet by 10 feet, with adequate space for a wheelchair and a care provider
2to maneuver; that is equipped with a waste receptacle, a toilet, a lavatory, a soap
3dispenser, and a paper towel dispenser; and that complies with accessibility
4standards under the federal Americans with Disabilities Act.
AB43,922,55
2. The credit claimed under this subsection may not exceed $5,125.
AB43,922,126
3. Partnerships, limited liability companies, and tax-option corporations may
7not claim the credit under this subsection, but the eligibility for, and the amount of,
8the credit are based on the amounts paid by the entity. A partnership, limited
9liability company, or tax-option corporation shall compute the amount of credit that
10each of its partners, members, or shareholders may claim and shall provide that
11information to each of them. Partners, members, and shareholders may claim the
12credit in proportion to their ownership interests.
AB43,922,1413
(d)
Administration. Sub. (4) (e) to (h), as it applies to the credit under sub. (4),
14applies to the credit under this subsection.
AB43,1487
15Section 1487
. 71.30 (3) (cu) of the statutes is created to read:
AB43,922,1616
71.30
(3) (cu) Universal changing station credit under s. 71.28 (8m).
AB43,1488
17Section
1488. 71.34 (1g) of the statutes is repealed and recreated to read:
AB43,922,1918
71.34
(1g) For tax option corporations, “Internal Revenue Code" has the
19meaning given in s. 71.99.
AB43,1489
20Section
1489. 71.34 (1k) (g) of the statutes is amended to read:
AB43,922,2421
71.34
(1k) (g) An addition shall be made for credits computed by a tax-option
22corporation under s. 71.28 (1dm), (1dx), (1dy), (3), (3g), (3h), (3n), (3q), (3t), (3w),
23(3wm), (3y), (4), (5), (5e), (5g), (5i), (5j), (5k), (5r), (5rm), (6n),
(8m), and (10) and
24passed through to shareholders.
AB43,1490
25Section
1490. 71.34 (1m) of the statutes is repealed.
AB43,1491
1Section
1491. 71.34 (1u) of the statutes is repealed.
AB43,1492
2Section
1492. 71.42 (2) of the statutes is repealed and recreated to read:
AB43,923,33
71.42
(2) “Internal Revenue Code" has the meaning given in s. 71.99.
AB43,1493
4Section
1493. 71.42 (2m) of the statutes is repealed.
AB43,1494
5Section
1494. 71.42 (2p) of the statutes is repealed.
AB43,1495
6Section
1495. 71.45 (2) (a) 10. of the statutes is amended to read:
AB43,923,137
71.45
(2) (a) 10. By adding to federal taxable income the amount of credit
8computed under s. 71.47 (1dm) to (1dy), (3g), (3h), (3n), (3q), (3w), (3y), (5e), (5g), (5i),
9(5j), (5k), (5r), (5rm), (6n),
(8m), and (10) and not passed through by a partnership,
10limited liability company, or tax-option corporation that has added that amount to
11the partnership's, limited liability company's, or tax-option corporation's income
12under s. 71.21 (4) or 71.34 (1k) (g) and the amount of credit computed under s. 71.47
13(3), (3t), (4), (4m), and (5).
AB43,1496
14Section
1496. 71.45 (4) (a) of the statutes is amended to read:
AB43,924,215
71.45
(4) (a) Except as provided in par. (b) and s. 71.80 (25), insurers computing
16tax under this subchapter may subtract from Wisconsin net income any Wisconsin
17net business loss incurred in any of the 20 immediately preceding taxable years, if
18the insurer was subject to taxation under this chapter in the taxable year in which
19the loss was incurred, to the extent not offset by Wisconsin net business income of
20any year between the loss year and the taxable year for which an offset is claimed
21and computed without regard to sub. (2) (a) 8. and 9. and this subsection and limited
22to the amount of net income, but no loss incurred for a taxable year before taxable
23year 1987 by a nonprofit service plan of sickness care under ch. 148, or dental care
24under s. 447.13 may be treated as a net business loss of the successor service insurer
25under ch. 613 operating by virtue of s. 148.03 or 447.13.
For purposes of this
1paragraph, the dividends received deduction under s. 71.26 (3) (j) may not be used
2in the determination of a net business loss.
AB43,1497
3Section
1497. 71.47 (3w) (a) 2m. of the statutes is created to read:
AB43,924,54
71.47
(3w) (a) 2m. “Contract” means a contract between the claimant and the
5Wisconsin Economic Development Corporation under s. 238.399.
AB43,1498
6Section
1498. 71.47 (3w) (a) 6. of the statutes is renumbered 71.47 (3w) (a) 6.
7a. and amended to read:
AB43,924,118
71.47
(3w) (a) 6. a. “Zone payroll" means the amount of state payroll that is
9attributable to wages paid to full-time employees for services that are performed in
10an enterprise zone.
“Zone Except as provided in subd. 6. b., “zone payroll" does not
11include the amount of wages paid to any full-time employees that exceeds $100,000.
AB43,1499
12Section
1499. 71.47 (3w) (a) 6. b. of the statutes is created to read:
AB43,924,1513
71.47
(3w) (a) 6. b. For a claimant whose contract is executed after December
1431, 2023, “zone payroll" does not include the amount of wages paid to any full-time
15employees that exceeds $141,300.
AB43,1500
16Section
1500. 71.47 (3w) (b) (intro.) of the statutes is amended to read:
AB43,924,2017
71.47
(3w) (b)
Filing claims under pre-2024 contracts; payroll. (intro.) Subject
18to the limitations provided in this subsection and s. 238.399 or s. 560.799, 2009 stats.,
19a claimant
whose contract is executed prior to January 1, 2024, may claim as a credit
20against the tax imposed under s. 71.43 an amount calculated as follows:
AB43,1501
21Section
1501. 71.47 (3w) (bd) of the statutes is created to read:
AB43,924,2522
71.47
(3w) (bd)
Filing claims under post-2023 contracts; payroll. Subject to the
23limitations provided in this subsection and s. 238.399, a claimant whose contract is
24executed after December 31, 2023, may claim as a credit against the tax imposed
25under s. 71.43 an amount calculated as follows:
AB43,925,1
11. Determine the amount that is the lesser of:
AB43,925,82
a. The number of full-time employees whose annual wages are greater than
3$32,000 in a tier I county or municipality or greater than $42,390 in a tier II county
4or municipality and who the claimant employed in the enterprise zone in the taxable
5year, minus the number of full-time employees whose annual wages were greater
6than $32,000 in a tier I county or municipality or greater than $42,390 in a tier II
7county or municipality and who the claimant employed in the area that comprises
8the enterprise zone in the base year.
AB43,925,149
b. The number of full-time employees whose annual wages are greater than
10$32,000 in a tier I county or municipality or greater than $42,390 in a tier II county
11or municipality and who the claimant employed in the state in the taxable year,
12minus the number of full-time employees whose annual wages were greater than
13$32,000 in a tier I county or municipality or greater than $42,390 in a tier II county
14or municipality and who the claimant employed in the state in the base year.
AB43,925,2115
2. Determine the claimant's average zone payroll by dividing total wages for
16full-time employees whose annual wages are greater than $32,000 in a tier I county
17or municipality or greater than $42,390 in a tier II county or municipality and who
18the claimant employed in the enterprise zone in the taxable year by the number of
19full-time employees whose annual wages are greater than $32,000 or greater than
20$42,390 in a tier II county or municipality and who the claimant employed in the
21enterprise zone in the taxable year.
AB43,925,2422
3. For employees in a tier I county or municipality, subtract $32,000 from the
23amount determined under subd. 2. and for employees in a tier II county or
24municipality, subtract $42,390 from the amount determined under subd. 2.
AB43,926,2
14. Multiply the amount determined under subd. 3. by the amount determined
2under subd. 1.
AB43,926,43
5. Multiply the amount determined under subd. 4. by the percentage
4determined under s. 238.399, not to exceed 7 percent.
AB43,1502
5Section
1502. 71.47 (3w) (bm) 1. of the statutes is amended to read:
AB43,926,166
71.47
(3w) (bm) 1. In addition to the credits under
par. pars. (b)
and (bd) and
7subds. 2., 3., and 4., and subject to the limitations provided in this subsection and s.
8238.399 or s. 560.799, 2009 stats., a claimant may claim as a credit against the tax
9imposed under s. 71.43 an amount equal to a percentage, as determined under s.
10238.399 or s. 560.799, 2009 stats., not to exceed 100 percent, of the amount the
11claimant paid in the taxable year to upgrade or improve the job-related skills of any
12of the claimant's full-time employees, to train any of the claimant's full-time
13employees on the use of job-related new technologies, or to provide job-related
14training to any full-time employee whose employment with the claimant represents
15the employee's first full-time job. This subdivision does not apply to employees who
16do not work in an enterprise zone.
AB43,1503
17Section
1503. 71.47 (3w) (bm) 2. of the statutes is renumbered 71.47 (3w) (bm)
182. (intro.) and amended to read:
AB43,926,2219
71.47
(3w) (bm) 2. (intro.) In addition to the credits under
par. pars. (b)
and (bd) 20and subds. 1., 3., and 4., and subject to the limitations provided in this subsection and
21s. 238.399 or s. 560.799, 2009 stats., a claimant may claim as a credit against the tax
22imposed under s. 71.43
one of the following amounts:
AB43,927,9
23a. For a claimant whose contract is executed prior to January 1, 2024, an
24amount equal to the percentage, as determined under s. 238.399 or s. 560.799, 2009
25stats., not to exceed 7 percent, of the claimant's zone payroll paid in the taxable year
1to all of the claimant's full-time employees whose annual wages are greater than the
2amount determined by multiplying 2,080 by 150 percent of the federal minimum
3wage in a tier I county or municipality, not including the wages paid to the employees
4determined under par. (b) 1., or greater than $30,000 in a tier II county or
5municipality, not including the wages paid to the employees determined under par.
6(b) 1., and who the claimant employed in the enterprise zone in the taxable year, if
7the total number of such employees is equal to or greater than the total number of
8such employees in the base year.
A claimant may claim a credit under this
9subdivision for no more than 5 consecutive taxable years.
AB43,1504
10Section
1504. 71.47 (3w) (bm) 2. b. of the statutes is created to read:
AB43,927,2011
71.47
(3w) (bm) 2. b. For a claimant whose contract is executed after December
1231, 2023, an amount equal to the percentage, as determined under s. 238.399, not to
13exceed 7 percent, of the claimant's zone payroll paid in the taxable year to all of the
14claimant's full-time employees whose annual wages are greater than $32,000 in a
15tier I county or municipality, not including the wages paid to the employees
16determined under par. (bd) 1., or greater than $42,390 in a tier II county or
17municipality, not including the wages paid to the employees determined under par.
18(bd) 1., and who the claimant employed in the enterprise zone in the taxable year, if
19the total number of such employees is equal to or greater than the total number of
20such employees in the base year.
AB43,1505
21Section
1505. 71.47 (3w) (bm) 3. of the statutes is amended to read:
AB43,928,222
71.47
(3w) (bm) 3. In addition to the credits under
par. pars. (b)
and (bd) and
23subds. 1., 2., and 4., and subject to the limitations provided in this subsection and s.
24238.399 or s. 560.799, 2009 stats., for taxable years beginning after December 31,
252008, a claimant may claim as a credit against the tax imposed under s. 71.43 up to
110 percent of the claimant's significant capital expenditures, as determined under
2s. 238.399 (5m) or s. 560.799 (5m), 2009 stats.
AB43,1506
3Section
1506. 71.47 (3w) (bm) 4. of the statutes is amended to read:
AB43,928,124
71.47
(3w) (bm) 4. In addition to the credits under
par. pars. (b)
and (bd) and
5subds. 1., 2., and 3., and subject to the limitations provided in this subsection and s.
6238.399 or s. 560.799, 2009 stats., for taxable years beginning after December 31,
72009, a claimant may claim as a credit against the tax imposed under s. 71.43, up to
81 percent of the amount that the claimant paid in the taxable year to purchase
9tangible personal property, items, property, or goods under s. 77.52 (1) (b), (c), or (d),
10or services from Wisconsin vendors, as determined under s. 238.399 (5) (e) or s.
11560.799 (5) (e), 2009 stats., except that the claimant may not claim the credit under
12this subdivision and subd. 3. for the same expenditures.
AB43,1507
13Section
1507. 71.47 (3w) (c) 5. of the statutes is created to read:
AB43,928,1514
71.47
(3w) (c) 5. A claimant may claim a credit under par. (bm) 2. for no more
15than 5 consecutive taxable years.
AB43,1508
16Section
1508. 71.47 (3w) (cm) of the statutes is created to read:
AB43,929,217
71.47
(3w) (cm)
Inflation adjustments. For taxable years beginning after
18December 31, 2024, the dollar amounts in pars. (a) 6. b., (bd) 1. a. and b., 2., and 3.,
19and (bm) 2. b. shall be increased each year by a percentage equal to the percentage
20change between the U.S. consumer price index for all urban consumers, U.S. city
21average, for the month of August of the previous year and the U.S. consumer price
22index for all urban consumers, U.S. city average, for the month of August of the year
23before the previous year, as determined by the federal department of labor. Each
24amount that is revised under this paragraph shall be rounded to the nearest multiple
1of $10 if the revised amount is not a multiple of $10 or, if the revised amount is a
2multiple of $5, such an amount shall be increased to the next higher multiple of $10.
AB43,1509
3Section
1509. 71.47 (3y) (b) 5. of the statutes is amended to read:
AB43,929,114
71.47
(3y) (b) 5.
An For taxable years beginning before January 1, 2023, an 5amount, as determined by the Wisconsin Economic Development Corporation under
6s. 238.308 (4) (a) 5., equal to a percentage of the amount of wages that the claimant
7paid to an eligible employee in the taxable year if the position in which the eligible
8employee was employed was created or retained in connection with the claimant's
9location or retention of the claimant's corporate headquarters in Wisconsin and the
10job duties associated with the eligible employee's position involve the performance
11of corporate headquarters functions.
AB43,1510
12Section
1510. 71.47 (3y) (b) 5m. of the statutes is created to read:
AB43,929,1813
71.47
(3y) (b) 5m. For taxable years beginning after December 31, 2022, an
14amount, as determined by the Wisconsin Economic Development Corporation under
15s. 238.308 (4) (a) 5., equal to a percentage of the amount of wages that the claimant
16paid to an eligible employee in the taxable year if the position in which the eligible
17employee was employed was created or retained in connection with the claimant's
18location or retention of the claimant's corporate headquarters in Wisconsin.
AB43,1511
19Section
1511. 71.47 (3y) (b) 6. of the statutes is created to read:
AB43,929,2420
71.47
(3y) (b) 6. For taxable years beginning after December 31, 2023, an
21amount, as determined by the Wisconsin Economic Development Corporation under
22s. 238.308 (4) (a) 6., equal to a percentage, not to exceed 25 percent, of the claimant's
23energy efficiency or renewable energy project expenditures on real or personal
24property located in this state.
AB43,1512
25Section
1512. 71.47 (4) (k) 1. b. of the statutes is amended to read:
AB43,930,6
171.47
(4) (k) 1. b.
For taxable years beginning after December 31, 2020 and
2before January 1, 2024, the amount of the claim not used to offset the tax due, up to
315 percent of the allowable amount of the claim under par. (ad) 4., 5., or 6., shall be
4certified by the department of revenue to the department of administration for
5payment by check, share draft, or other draft drawn from the appropriation account
6under s. 20.835 (2) (d).
AB43,1513
7Section
1513. 71.47 (4) (k) 1. c. of the statutes is created to read:
AB43,930,138
71.47
(4) (k) 1. c. For taxable years beginning after December 31, 2023, the
9amount of the claim not used to offset the tax due, not to exceed 50 percent of the
10allowable amount of the claim under par. (ad) 4., 5., or 6., shall be certified by the
11department of revenue to the department of administration for payment by check,
12share draft, or other draft drawn from the appropriation account under s. 20.835 (2)
13(d).
AB43,1514
14Section
1514. 71.47 (8b) (a) 5. of the statutes is amended to read:
AB43,930,1915
71.47
(8b) (a) 5. “Credit period” means the period of
6 10 taxable years
16beginning with the taxable year in which a qualified development is placed in
17service. For purposes of this subdivision, if a qualified development consists of more
18than one building, the qualified development is placed in service in the taxable year
19in which the last building of the qualified development is placed in service.
AB43,1515
20Section
1515. 71.47 (8b) (a) 7. of the statutes is amended to read:
AB43,931,521
71.47
(8b) (a) 7. “Qualified development” means a qualified low-income
22housing project under section
42 (g) of the Internal Revenue Code that is financed
23with tax-exempt bonds
, pursuant to section 42 (i) (2) described in section 42 (h) (4)
24(A) of the Internal Revenue Code,
allocated the credit under section 42 of the Internal
25Revenue Code, and located in this state
; except that the authority may waive, in the
1qualified allocation plan under section 42 (m) (1) (B) of the Internal Revenue Code,
2the requirements of tax-exempt bond financing and federal credit allocation to the
3extent the authority anticipates that sufficient volume cap under section 146 of the
4Internal Revenue Code will not be available to finance low-income housing projects
5in any year.
AB43,1516
6Section 1516
. 71.47 (8m) of the statutes is created to read:
AB43,931,87
71.47
(8m) Universal changing station credit. (a)
Definitions. In this
8subsection:
AB43,931,109
1. “Claimant" means a person who files a claim under this subsection and meets
10either of the following conditions during the preceding taxable year:
AB43,931,1111
a. Had gross receipts that did not exceed $1,000,000.
AB43,931,1212
b. Employed no more than 30 full-time employees.
AB43,931,1413
2. “Full-time employee” means an individual who is employed for at least 30
14hours per week for 20 or more calendar weeks during a taxable year.
AB43,931,1515
3. “Universal changing station” has the meaning given in s. 71.07 (8m) (a) 3.
AB43,931,2016
(b)
Filing claims. For taxable years beginning after December 31, 2022, subject
17to the limitations provided in this subsection, a claimant may claim as a credit
18against the tax imposed under s. 71.43, up to the amount of those taxes, an amount
19equal to 50 percent of the amount the claimant paid during the taxable year to install
20a universal changing station.
AB43,932,221
(c)
Limitations. 1. No credit may be claimed under this subsection unless the
22universal changing station is installed in a single-occupant restroom that measures
23at least 8 feet by 10 feet, with adequate space for a wheelchair and a care provider
24to maneuver; that is equipped with a waste receptacle, a toilet, a lavatory, a soap
1dispenser, and a paper towel dispenser; and that complies with accessibility
2standards under the federal Americans with Disabilities Act.
AB43,932,33
2. The credit claimed under this subsection may not exceed $5,125.
AB43,932,104
3. Partnerships, limited liability companies, and tax-option corporations may
5not claim the credit under this subsection, but the eligibility for, and the amount of,
6the credit are based on the amounts paid by the entity. A partnership, limited
7liability company, or tax-option corporation shall compute the amount of credit that
8each of its partners, members, or shareholders may claim and shall provide that
9information to each of them. Partners, members, and shareholders may claim the
10credit in proportion to their ownership interests.
AB43,932,1211
(d)
Administration. Section 71.28 (4) (e) to (h), as it applies to the credit under
12s. 71.28 (4), applies to the credit under this subsection.