AB43,920,13 71.28 (5n) (d) 2m. Except as provided in subd. 3., for taxable years beginning after December 31, 2022, for purposes of determining a claimant's eligible qualified production activities income from manufacturing under this subsection, the claimant shall multiply the claimant's qualified production activities income, not exceeding $300,000, from property manufactured by the claimant by the manufacturing property factor. This subdivision does not apply if the claimant's entire qualified production activities income results from the sale of tangible personal property that was manufactured, produced, grown, or extracted wholly in this state by the claimant.

AB43,1483 Section 1483. 71.28 (5n) (d) 3. a. of the statutes is amended to read:

AB43,920,16 71.28 (5n) (d) 3. a. The eligible qualified production activities income determined under subd. 2. or 2m.

AB43,1484 Section 1484. 71.28 (8b) (a) 5. of the statutes is amended to read:

AB43,920,22 71.28 (8b) (a) 5. “Credit period” means the period of 6 10 taxable years beginning with the taxable year in which a qualified development is placed in service. For purposes of this subdivision, if a qualified development consists of more than one building, the qualified development is placed in service in the taxable year in which the last building of the qualified development is placed in service.

AB43,1485 Section 1485. 71.28 (8b) (a) 7. of the statutes is amended to read:

AB43,921,8 71.28 (8b) (a) 7. “Qualified development” means a qualified low-income housing project under section 42 (g) of the Internal Revenue Code that is financed with tax-exempt bonds, pursuant to section 42 (i) (2) described in section 42 (h) (4) (A) of the Internal Revenue Code, allocated the credit under section 42 of the Internal Revenue Code, and located in this state; except that the authority may waive, in the qualified allocation plan under section 42 (m) (1) (B) of the Internal Revenue Code, the requirements of tax-exempt bond financing and federal credit allocation to the extent the authority anticipates that sufficient volume cap under section 146 of the Internal Revenue Code will not be available to finance low-income housing projects in any year.

AB43,1486 Section 1486 . 71.28 (8m) of the statutes is created to read:

AB43,921,11 71.28 (8m) Universal changing station credit. (a) Definitions. In this subsection:

AB43,921,13 1. “Claimant" means a person who files a claim under this subsection and meets either of the following conditions during the preceding taxable year:

AB43,921,14 a. Had gross receipts that did not exceed $1,000,000.

AB43,921,15 b. Employed no more than 30 full-time employees.

AB43,921,17 2. “Full-time employee” means an individual who is employed for at least 30 hours per week for 20 or more calendar weeks during a taxable year.

AB43,921,18 3. “Universal changing station” has the meaning given in s. 71.07 (8m) (a) 3.

AB43,921,23 (b) Filing claims. For taxable years beginning after December 31, 2022, subject to the limitations provided in this subsection, a claimant may claim as a credit against the tax imposed under s. 71.23, up to the amount of those taxes, an amount equal to 50 percent of the amount the claimant paid during the taxable year to install a universal changing station.

AB43,922,4 (c) Limitations. 1. No credit may be claimed under this subsection unless the universal changing station is installed in a single-occupant restroom that measures at least 8 feet by 10 feet, with adequate space for a wheelchair and a care provider to maneuver; that is equipped with a waste receptacle, a toilet, a lavatory, a soap dispenser, and a paper towel dispenser; and that complies with accessibility standards under the federal Americans with Disabilities Act.

AB43,922,5 2. The credit claimed under this subsection may not exceed $5,125.

AB43,922,12 3. Partnerships, limited liability companies, and tax-option corporations may not claim the credit under this subsection, but the eligibility for, and the amount of, the credit are based on the amounts paid by the entity. A partnership, limited liability company, or tax-option corporation shall compute the amount of credit that each of its partners, members, or shareholders may claim and shall provide that information to each of them. Partners, members, and shareholders may claim the credit in proportion to their ownership interests.

AB43,922,14 (d) Administration. Sub. (4) (e) to (h), as it applies to the credit under sub. (4), applies to the credit under this subsection.

AB43,1487 Section 1487 . 71.30 (3) (cu) of the statutes is created to read:

AB43,922,16 71.30 (3) (cu) Universal changing station credit under s. 71.28 (8m).

AB43,1488 Section 1488. 71.34 (1g) of the statutes is repealed and recreated to read:

AB43,922,19 71.34 (1g) For tax option corporations, “Internal Revenue Code" has the meaning given in s. 71.99.

AB43,1489 Section 1489. 71.34 (1k) (g) of the statutes is amended to read:

AB43,922,24 71.34 (1k) (g) An addition shall be made for credits computed by a tax-option corporation under s. 71.28 (1dm), (1dx), (1dy), (3), (3g), (3h), (3n), (3q), (3t), (3w), (3wm), (3y), (4), (5), (5e), (5g), (5i), (5j), (5k), (5r), (5rm), (6n), (8m), and (10) and passed through to shareholders.

AB43,1490 Section 1490. 71.34 (1m) of the statutes is repealed.

AB43,1491 Section 1491. 71.34 (1u) of the statutes is repealed.

AB43,1492 Section 1492. 71.42 (2) of the statutes is repealed and recreated to read: