AB40-ASA1,843,2119 71.98 (5) Gain from small business stock. For stock acquired after December
2031, 2013, section 1202 of the Internal Revenue Code, as amended to December 31,
212012, related to the exclusion for gain from certain small business stock.

AB40-ASA1,843,25 2372.36 Sunset. The tax imposed under this chapter does not apply to deaths
24occurring after December 31, 2012, unless the federal estate tax law is modified to
25provide a federal estate tax credit for state death taxes.

AB40-ASA1,844,72 73.03 (27) To With regard to taxes and fees administered by the department,
3to write off from the records of the department income, franchise, sales, use,
4withholding, motor fuel, gift, beverage and cigarette tax, fee, and economic
5development surcharge liabilities, following a determination by the secretary of
6revenue that they are not collectible. Taxes written off under this subsection remain
7legal obligations.

AB40-ASA1,844,149 73.03 (52) (a) To enter into agreements with the Internal Revenue Service that
10provide for offsetting state tax refunds against federal tax obligations; and to charge
11a fee up to $25 per transaction for such offsets; and offsetting federal tax refunds
12against state tax obligations, and collecting the offset cost from the debtor, if the
13agreements provide that setoffs under ss. 71.93 and 71.935 occur before the setoffs
14under those agreements.

AB40-ASA1,844,2016 73.03 (52m) To enter into agreements with other states that provide for
17offsetting state tax refunds against tax and nontax obligations of other states, and
18of the local governmental units within those states, and offsetting tax refunds of
19other states against state tax and nontax obligations, if the agreements provide that
20setoffs under ss. 71.93 and 71.935 occur before the setoffs under those agreements.

AB40-ASA1,845,622 73.03 (63) Notwithstanding the amount limitations specified under s. 71.07
23(5d) (c) 1. and s. 238.15 (3) (d) or s. 560.205 (3) (d), 2009 stats., or s. 238.15 (3) (d), in
24consultation with the department of commerce or the Wisconsin Economic
25Development Corporation, to carry forward to subsequent taxable years unclaimed

1credit amounts of the early stage seed investment credits under ss. 71.07 (5b), 71.28
2(5b), 71.47 (5b), and 76.638 and the angel investment credit under s. 71.07 (5d).
3Annually, no later than July 1, the department of commerce or the Wisconsin
4Economic Development Corporation shall submit to the department of revenue its
5recommendations for the carry forward of credit amounts as provided under this
6subsection.

AB40-ASA1,845,129 73.03 (69) (a) To, effective on January 1, 2014, implement a program to register
10businesses for purposes of s. 71.05 (25) and (26). A business shall register
11electronically with the department each year for which the business desires
12registration.

AB40-ASA1,845,1513 (b) A business may register under this subsection if, in the business's taxable
14year ending immediately before the date of the businesses registration, all of the
15following apply:

AB40-ASA1,845,1816 1. The business has at least 2 full-time employees and the amount of payroll
17compensation paid by the business in this state is equal to at least 50 percent of the
18amount of all payroll compensation paid by the business.

AB40-ASA1,845,2119 2. The value of real and tangible personal property owned or rented and used
20by the business in this state is equal to at least 50 percent of the value of all real and
21tangible personal property owned or rented and used by the business.

AB40-ASA1,845,2222 (c) The department may adopt rules for the administration of this subsection.

AB40-ASA1,845,2523 (d) For each year beginning after December 31, 2013, the department shall
24compile a list of businesses registered under this subsection and shall make the list
25available to the public at the department's Internet site.

AB40-ASA1,846,82 73.03 (71) (a) To determine the amount of additional revenue that the
3department collected from the taxes imposed under subch. III of ch. 77 as a result of
4any federal law to expand the state's authority to require out-of-state retailers to
5collect and remit the taxes imposed under subch. III of ch. 77 on purchases by
6Wisconsin residents during the first 12 months following the date on which the
7department begins collecting the additional revenue as a result of a change in federal
8law.

AB40-ASA1,846,169 (b) After the department makes the determination under par. (a), the
10department shall determine how much the individual income tax rates under s.
1171.06 may be reduced in the following taxable year in order to eliminate the
12alternative minimum tax under s. 71.08 and decrease individual income tax revenue
13by the amount determined under par. (a). For purposes of this paragraph, the
14department shall calculate the tax rate reductions in proportion to the share of gross
15tax attributable to each of the tax brackets under s. 71.06 in effect during the most
16recently completed taxable year.

AB40-ASA1,846,2117 (c) The department shall certify the determinations made under pars. (a) and
18(b) to the secretary of the department of administration, to the governor, and to the
19legislature and specify with that certification that the elimination of the alternative
20minimum tax and the new tax rates take effect in the taxable year following the
21taxable year in which the department makes the certification under this paragraph.

AB40-ASA1,847,223 73.0301 (1) (d) 6. A license or certificate of registration issued by the
24department of financial institutions, or a division of it, under ss. 138.09, 138.12,

1138.14, 202.12 to 202.14, 202.22, 217.06, 218.0101 to 218.0163, 218.02, 218.04,
2218.05, 224.72, 224.725, 224.93 or under subch. IV of ch. 551.