SB1026,4,10 6(5) Each applicant who produces an accredited production, as defined in s.
771.07 (5f) (a) 1., that is eligible for a credit under s. 71.07 (5f), 71.28 (5f), or 71.42 (5f)
8shall include in the finished production an acknowledgment to the state of Wisconsin
9and the state film office as designed by the state film office, including a logo designed
10by the state film office.
SB1026,4,17 11(6) Annually, beginning in 2025, the state film office shall prepare a report
12specifying the number of persons who submitted credit applications in the previous
13year and the amount of the credits allocated to each such applicant. The report shall
14also provide recommendations and suggestions on improving the efficiency of the
15program implemented under this section. The office shall submit the report to the
16legislature, in the manner provided under s. 13.172 (2), no later than April 30 each
17year.
SB1026,4,18 18(7) The department shall promulgate rules to administer this section.
SB1026,5 19Section 5. 71.05 (6) (a) 15. of the statutes is amended to read:
SB1026,4,2520 71.05 (6) (a) 15. The amount of the credits computed under s. 71.07 (2dm),
21(2dx), (2dy), (3g), (3h), (3n), (3q), (3s), (3t), (3w), (3wm), (3y), (4k), (4n), (5e), (5f), (5h),
22(5i), (5j), (5k), (5r), (5rm), (6n), and (10) and not passed through by a partnership,
23limited liability company, or tax-option corporation that has added that amount to
24the partnership's, company's, or tax-option corporation's income under s. 71.21 (4)
25or 71.34 (1k) (g).
SB1026,6
1Section 6. 71.07 (5f) of the statutes is created to read:
SB1026,5,22 71.07 (5f) Film production services credit. (a) Definitions. In this subsection:
SB1026,5,93 1. “Accredited production" means a film, video, broadcast advertisement, or
4television production, as approved by the state film office, for which the aggregate
5salary and wages included in the cost of the production for the period ending 12
6months after the month in which the principal filming or taping of the production
7begins exceeds $100,000 for a production that is 30 minutes or longer or $50,000 for
8a production that is less than 30 minutes. “Accredited production" does not include
9any of the following, regardless of the production costs:
SB1026,5,1110 a. News, current events, or public programming or a program that includes
11weather or market reports.
SB1026,5,1212 b. A talk show.
SB1026,5,1313 c. A production with respect to a questionnaire or contest.
SB1026,5,1414 d. A sports event or sports activity.
SB1026,5,1515 e. A gala presentation or awards show.
SB1026,5,1616 f. A finished production that solicits funds.
SB1026,5,1917g. A production for which the production company is required under 18 USC
182257
to maintain records with respect to a performer portrayed in a single media or
19multimedia program.
SB1026,5,2120 h. A production produced primarily for industrial, corporate, or institutional
21purposes.
SB1026,6,222 2. “Claimant" means a film production company, as defined in sub. (5h) (a) 2.,
23that operates an accredited production in this state, if the company owns the
24copyright in the accredited production or has contracted directly with the copyright
25owner or a person acting on the owner's behalf and if the company has a viable plan,

1as determined by the state film office, for the commercial distribution of the finished
2production.
SB1026,6,73 3. “Commercial domicile" means the location from which a trade or business
4is principally managed and directed, based on any factors the state film office
5determines are appropriate, including the location where the greatest number of
6employees of the trade or business work, the trade or business has its office or base
7of operations, or from which the employees are directed or controlled.
SB1026,6,238 4. “Production expenditures" means any expenditure that is incurred in this
9state and directly used to produce an accredited production, including expenditures
10for writing, budgeting, casting, location scouts, set construction and operation,
11wardrobes, makeup, clothing accessories, photography, sound recording, sound
12synchronization, sound mixing, lighting, editing, film processing, film transferring,
13special effects, visual effects, renting or leasing facilities or equipment, renting or
14leasing motor vehicles, food, lodging, and any other similar pre-production,
15production, and post-production expenditure as determined by the state film office.
16“Production expenditures" includes expenditures for music that is performed,
17composed, or recorded by a musician who is a resident of this state or published or
18distributed by an entity that has its commercial domicile in this state; air travel that
19is purchased from a travel agency or company that has its commercial domicile in
20this state; and insurance that is purchased from an insurance agency or company
21that has its commercial domicile in this state. “Production expenditures" does not
22include salary or wages or expenditures for the marketing and distribution of an
23accredited production.
SB1026,7,3
1(b) Filing claims. Subject to the limitations provided in this subsection, for
2taxable years beginning after December 31, 2023, a claimant may claim as a credit
3against the tax imposed under s. 71.02 any of the following amounts:
SB1026,7,74 1. An amount equal to 25 percent of the salary or wages paid by the claimant
5to the claimant's employees in the taxable year for services rendered in this state to
6produce an accredited production and paid to employees who were residents of this
7state at the time that they were paid.
SB1026,7,98 2. An amount equal to 25 percent of the production expenditures paid by the
9claimant in the taxable year to produce an accredited production.
SB1026,7,1410 3. An amount equal to the taxes imposed under ss. 77.52 and 77.53 that the
11claimant paid in the taxable year on the purchase of tangible personal property and
12taxable services that are used directly in producing an accredited production in this
13state, including all stages from the final script stage to the distribution of the finished
14production.
SB1026,7,1815 (c) Limitations. 1. No amount of the salary or wages paid under par. (b) 1. may
16be the basis for a credit under this subsection unless the salary or wages are paid for
17services rendered after December 31, 2023, and directly incurred to produce the
18accredited production.
SB1026,7,2419 2. The total amount of the credits that may be claimed by a claimant under par.
20(b) 1. shall not exceed an amount equal to the first $250,000 of salary or wages paid
21to each of the claimant's employees, as described in par. (b) 1., in the taxable year,
22not including the salary or wages paid to the claimant's 2 highest-paid employees,
23as described in par. (b) 1., in the taxable year, if the claimant's budgeted production
24expenditures are $1,000,000 or more.
SB1026,8,4
13. No credit may be allowed under this subsection unless the claimant files an
2application with the state film office, at the time and in the manner prescribed by the
3office, and the office approves the application. The claimant shall submit a copy of
4the approved application with the claimant's return.
SB1026,8,125 4. Partnerships, limited liability companies, and tax-option corporations may
6not claim the credit under this subsection, but the eligibility for, and the amount of,
7the credit are based on their payment of amounts under par. (b). A partnership,
8limited liability company, or tax-option corporation shall compute the amount of
9credit that each of its partners, members, or shareholders may claim and shall
10provide that information to each of them. Partners, members of limited liability
11companies, and shareholders of tax-option corporations may claim the credit in
12proportion to their ownership interest.
SB1026,8,1613 (d) Administration. 1. Section 71.28 (4) (e), (g), and (h), as it applies to the
14credit under s. 71.28 (4), applies to the credits under this subsection. Section 71.28
15(4) (f), as it applies to the credit under s. 71.28 (4), applies to the credits under par.
16(b) 1. and 3.
SB1026,8,2117 2. If the allowable amount of the claim under par. (b) 2. exceeds the tax
18otherwise due under s. 71.02 or no tax is due under s. 71.02, the amount of the claim
19not used to offset the tax due shall be certified by the department of revenue to the
20department of administration for payment by check, share draft, or other draft
21drawn from the appropriation account under s. 20.835 (2) (bm).
SB1026,9,5223. Any person, including a nonprofit entity described in section 501 (c) (3) of the
23Internal Revenue Code, may sell or otherwise transfer a credit under this subsection,
24in whole or in part, to another person who is subject to the taxes imposed under s.
2571.02, 71.23, or 71.43, if the person notifies the department of the transfer, and

1submits with the notification a copy of the transfer documents, and the department
2certifies ownership of the credit. The transferee may first use the credit to offset tax
3of the transferor in the taxable year in which the transfer occurs and may use the
4credit only to offset tax in taxable years in which the credit is otherwise allowed to
5be claimed and carried forward by the original claimant.
SB1026,7 6Section 7. 71.07 (5h) of the statutes is created to read:
SB1026,9,87 71.07 (5h) Film production company investment credit. (a) Definitions. In
8this subsection:
SB1026,9,109 1. “Claimant" means a person who files a claim under this subsection and who
10does business in this state as a film production company.
SB1026,9,1311 2. “Film production company" means an entity that creates films, videos,
12broadcast advertisement, or television productions, not including the productions
13described under sub. (5f) (a) 1. a. to h.
SB1026,9,1614 3. “Physical work" does not include preliminary activities such as planning,
15designing, securing financing, researching, developing specifications, or stabilizing
16property to prevent deterioration.
SB1026,9,2117 4. “Previously owned property" means real property that the claimant or a
18related person owned during the 2 years prior to doing business in this state as a film
19production company and for which the claimant may not deduct a loss from the sale
20of the property to, or an exchange of the property with, the related person under
21section 267 of the Internal Revenue Code.
SB1026,9,2322 5. “Used exclusively" means used to the exclusion of all other uses except for
23other use not exceeding 5 percent of total use.
SB1026,9,2524 (b) Filing claims. Subject to the limitations provided in this subsection, for
25taxable years beginning after December 31, 2023, a claimant may claim as a credit

1against the tax imposed under s. 71.02, up to the amount of the taxes, for the first
23 taxable years that the claimant is doing business in this state as a film production
3company, an amount that is equal to 25 percent of the following that the claimant
4paid in the taxable year to establish a film production company in this state:
SB1026,10,55 1. The purchase price of depreciable, tangible personal property.
SB1026,10,76 2. The amount expended to acquire, construct, rehabilitate, remodel, or repair
7real property.
SB1026,10,108 (c) Limitations. 1. A claimant may claim the credit under par. (b) 1., if the
9tangible personal property is purchased after December 31, 2023, and the personal
10property is used exclusively in the claimant's business as a film production company.
SB1026,10,1511 2. A claimant may claim the credit under par. (b) 2. for an amount expended
12to construct, rehabilitate, remodel, or repair real property, if the claimant began the
13physical work of construction, rehabilitation, remodeling, or repair, or any
14demolition or destruction in preparation for the physical work, after December 31,
152023, or if the completed project is placed in service after December 31, 2023.
SB1026,10,1916 3. A claimant may claim the credit under par. (b) 2. for an amount expended
17to acquire real property, if the property is not previously owned property and if the
18claimant acquires the property after December 31, 2023, or if the completed project
19is placed in service after December 31, 2023.
SB1026,10,2320 4. No claim may be allowed under this subsection unless the state film office
21certifies, in writing, that the credits claimed under this subsection are for expenses
22related to establishing a film production company in this state and the claimant
23submits a copy of the certification with the claimant's return.
SB1026,11,624 5. Partnerships, limited liability companies, and tax-option corporations may
25not claim the credit under this subsection, but the eligibility for, and the amount of,

1the credit are based on their payment of amounts under par. (b). A partnership,
2limited liability company, or tax-option corporation shall compute the amount of
3credit that each of its partners, members, or shareholders may claim and shall
4provide that information to each of them. Partners, members of limited liability
5companies, and shareholders of tax-option corporations may claim the credit in
6proportion to their ownership interests.
SB1026,11,87 (d) Administration. 1. Section 71.28 (4) (e) to (h), as it applies to the credit
8under s. 71.28 (4), applies to the credits under this subsection.
SB1026,11,1792. Any person, including a nonprofit entity described in section 501 (c) (3) of the
10Internal Revenue Code, may sell or otherwise transfer a credit under this subsection,
11in whole or in part, to another person who is subject to the taxes imposed under s.
1271.02, 71.23, or 71.43, if the person notifies the department of the transfer, and
13submits with the notification a copy of the transfer documents, and the department
14certifies ownership of the credit. The transferee may first use the credit to offset tax
15of the transferor in the taxable year in which the transfer occurs and may use the
16credit only to offset tax in taxable years in which the credit is otherwise allowed to
17be claimed and carried forward by the original claimant.
SB1026,8 18Section 8. 71.10 (4) (fs) of the statutes is created to read:
SB1026,11,1919 71.10 (4) (fs) Film production company investment credit under s. 71.07 (5h).
SB1026,9 20Section 9. 71.10 (4) (ft) of the statutes is created to read:
SB1026,11,2121 71.10 (4) (ft) Film production services credit under s. 71.07 (5f) (b) 1. and 3.
SB1026,10 22Section 10. 71.10 (4) (i) of the statutes is amended to read:
SB1026,12,623 71.10 (4) (i) The total of claim of right credit under s. 71.07 (1), farmland
24preservation credit under ss. 71.57 to 71.61, farmland preservation credit, 2010 and
25beyond under s. 71.613, homestead credit under subch. VIII, jobs tax credit under s.

171.07 (3q), business development credit under s. 71.07 (3y), research credit under s.
271.07 (4k) (e) 2. a., film production services credit under s. 71.07 (5f) (b) 2., veterans
3and surviving spouses property tax credit under s. 71.07 (6e), enterprise zone jobs
4credit under s. 71.07 (3w), electronics and information technology manufacturing
5zone credit under s. 71.07 (3wm), earned income tax credit under s. 71.07 (9e),
6estimated tax payments under s. 71.09, and taxes withheld under subch. X.
SB1026,11 7Section 11. 71.21 (4) (a) of the statutes is amended to read:
SB1026,12,118 71.21 (4) (a) The amount of the credits computed by a partnership under s.
971.07 (2dm), (2dx), (2dy), (3g), (3h), (3n), (3q), (3s), (3t), (3w), (3wm), (3y), (4k), (4n),
10(5e), (5f), (5g), (5h), (5i), (5j), (5k), (5r), (5rm), (6n), and (10) and passed through to
11partners shall be added to the partnership's income.
SB1026,12 12Section 12. 71.26 (2) (a) 4. of the statutes is amended to read:
SB1026,12,1813 71.26 (2) (a) 4. Plus the amount of the credit computed under s. 71.28 (1dm),
14(1dx), (1dy), (3g), (3h), (3n), (3q), (3t), (3w), (3wm), (3y), (5e), (5f), (5g), (5h), (5i), (5j),
15(5k), (5r), (5rm), (6n), and (10) and not passed through by a partnership, limited
16liability company, or tax-option corporation that has added that amount to the
17partnership's, limited liability company's, or tax-option corporation's income under
18s. 71.21 (4) or 71.34 (1k) (g).
SB1026,13 19Section 13. 71.28 (5f) of the statutes is created to read:
SB1026,12,2020 71.28 (5f) Film production services credit. (a) Definitions. In this subsection:
SB1026,13,221 1. “Accredited production" means a film, video, broadcast advertisement, or
22television production, as approved by the state film office, for which the aggregate
23salary and wages included in the cost of the production for the period ending 12
24months after the month in which the principal filming or taping of the production
25begins exceeds $100,000 for a production that is 30 minutes or longer or $50,000 for

1a production that is less than 30 minutes. “Accredited production" does not include
2any of the following, regardless of the production costs:
SB1026,13,43 a. News, current events, or public programming or a program that includes
4weather or market reports.
SB1026,13,55 b. A talk show.
SB1026,13,66 c. A production with respect to a questionnaire or contest.
SB1026,13,77 d. A sports event or sports activity.
SB1026,13,88 e. A gala presentation or awards show.
SB1026,13,99 f. A finished production that solicits funds.
SB1026,13,1210g. A production for which the production company is required under 18 USC
112257
to maintain records with respect to a performer portrayed in a single media or
12multimedia program.
SB1026,13,1413 h. A production produced primarily for industrial, corporate, or institutional
14purposes.
SB1026,13,2015 2. “Claimant" means a film production company, as defined in sub. (5h) (a) 2.,
16that operates an accredited production in this state, if the company owns the
17copyright in the accredited production or has contracted directly with the copyright
18owner or a person acting on the owner's behalf and if the company has a viable plan,
19as determined by the state film office, for the commercial distribution of the finished
20production.
SB1026,13,2521 3. “Commercial domicile" means the location from which a trade or business
22is principally managed and directed, based on any factors the state film office
23determines are appropriate, including the location where the greatest number of
24employees of the trade or business work, the trade or business has its office or base
25of operations, or from which the employees are directed or controlled.
SB1026,14,16
14. “Production expenditures" means any expenditure that is incurred in this
2state and directly used to produce an accredited production, including expenditures
3for writing, budgeting, casting, location scouts, set construction and operation,
4wardrobes, makeup, clothing accessories, photography, sound recording, sound
5synchronization, sound mixing, lighting, editing, film processing, film transferring,
6special effects, visual effects, renting or leasing facilities or equipment, renting or
7leasing motor vehicles, food, lodging, and any other similar pre-production,
8production, and post-production expenditure as determined by the state film office.
9“Production expenditures" includes expenditures for music that is performed,
10composed, or recorded by a musician who is a resident of this state or published or
11distributed by an entity that has its commercial domicile in this state; air travel that
12is purchased from a travel agency or company that has its commercial domicile in
13this state; and insurance that is purchased from an insurance agency or company
14that has its commercial domicile in this state. “Production expenditures" does not
15include salary or wages or expenditures for the marketing and distribution of an
16accredited production.
SB1026,14,1917 (b) Filing claims. Subject to the limitations provided in this subsection, for
18taxable years beginning after December 31, 2023, a claimant may claim as a credit
19against the tax imposed under s. 71.23 any of the following amounts:
SB1026,14,2320 1. An amount equal to 25 percent of the salary or wages paid by the claimant
21to the claimant's employees in the taxable year for services rendered in this state to
22produce an accredited production and paid to employees who were residents of this
23state at the time that they were paid.
SB1026,14,2524 2. An amount equal to 25 percent of the production expenditures paid by the
25claimant in the taxable year to produce an accredited production.
SB1026,15,5
13. An amount equal to the taxes imposed under ss. 77.52 and 77.53 that the
2claimant paid in the taxable year on the purchase of tangible personal property and
3taxable services that are used directly in producing an accredited production in this
4state, including all stages from the final script stage to the distribution of the finished
5production.
SB1026,15,96 (c) Limitations. 1. No amount of the salary or wages paid under par. (b) 1. may
7be the basis for a credit under this subsection unless the salary or wages are paid for
8services rendered after December 31, 2023, and directly incurred to produce the
9accredited production.
SB1026,15,1510 2. The total amount of the credits that may be claimed by a claimant under par.
11(b) 1. shall not exceed an amount equal to the first $250,000 of salary or wages paid
12to each of the claimant's employees, as described in par. (b) 1., in the taxable year,
13not including the salary or wages paid to the claimant's 2 highest-paid employees,
14as described in par. (b) 1., in the taxable year, if the claimant's budgeted production
15expenditures are $1,000,000 or more.
SB1026,15,1916 3. No credit may be allowed under this subsection unless the claimant files an
17application with the state film office, at the time and in the manner prescribed by the
18office, and the office approves the application. The claimant shall submit a copy of
19the approved application with the claimant's return.
SB1026,16,220 4. Partnerships, limited liability companies, and tax-option corporations may
21not claim the credit under this subsection, but the eligibility for, and the amount of,
22the credit are based on their payment of amounts under par. (b). 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 interest.
SB1026,16,53 (d) Administration. 1. Subsection (4) (e), (g), and (h), as it applies to the credit
4under sub. (4), applies to the credits under this subsection. Subsection (4) (f), as it
5applies to the credit under sub. (4), applies to the credits under par. (b) 1. and 3.
SB1026,16,106 2. If the allowable amount of the claim under par. (b) 2. exceeds the tax
7otherwise due under s. 71.23 or no tax is due under s. 71.23, the amount of the claim
8not used to offset the tax due 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 account under s. 20.835 (2) (bm).
SB1026,16,19113. Any person, including a nonprofit entity described in section 501 (c) (3) of the
12Internal Revenue Code, may sell or otherwise transfer a credit under this subsection,
13in whole or in part, to another person who is subject to the taxes imposed under s.
1471.02, 71.23, or 71.43, if the person notifies the department of the transfer, and
15submits with the notification a copy of the transfer documents, and the department
16certifies ownership of the credit. The transferee may first use the credit to offset tax
17of the transferor in the taxable year in which the transfer occurs and may use the
18credit only to offset tax in taxable years in which the credit is otherwise allowed to
19be claimed and carried forward by the original claimant.
SB1026,14 20Section 14. 71.28 (5h) of the statutes is created to read:
SB1026,16,2221 71.28 (5h) Film production company investment credit. (a) Definitions. In
22this subsection:
SB1026,16,2423 1. “Claimant" means a person who files a claim under this subsection and who
24does business in this state as a film production company.
SB1026,17,3
12. “Film production company" means an entity that creates films, videos,
2broadcast advertisement, or television productions, not including the productions
3described under sub. (5f) (a) 1. a. to h.
SB1026,17,64 3. “Physical work" does not include preliminary activities such as planning,
5designing, securing financing, researching, developing specifications, or stabilizing
6property to prevent deterioration.
SB1026,17,117 4. “Previously owned property" means real property that the claimant or a
8related person owned during the 2 years prior to doing business in this state as a film
9production company and for which the claimant may not deduct a loss from the sale
10of the property to, or an exchange of the property with, the related person under
11section 267 of the Internal Revenue Code.
SB1026,17,1312 5. “Used exclusively" means used to the exclusion of all other uses except for
13other use not exceeding 5 percent of total use.
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