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AB43,1488 Section 1488. 71.34 (1g) of the statutes is repealed and recreated to read: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

AB43,923,3 71.42 (2) “Internal Revenue Code" has the meaning given in s. 71.99.

AB43,1493 Section 1493. 71.42 (2m) of the statutes is repealed.

AB43,1494 Section 1494. 71.42 (2p) of the statutes is repealed.

AB43,1495 Section 1495. 71.45 (2) (a) 10. of the statutes is amended to read:

AB43,923,13 71.45 (2) (a) 10. By adding to federal taxable income the amount of credit computed under s. 71.47 (1dm) to (1dy), (3g), (3h), (3n), (3q), (3w), (3y), (5e), (5g), (5i), (5j), (5k), (5r), (5rm), (6n), (8m), and (10) and not passed through by a partnership, limited liability company, or tax-option corporation that has added that amount to the partnership's, limited liability company's, or tax-option corporation's income under s. 71.21 (4) or 71.34 (1k) (g) and the amount of credit computed under s. 71.47 (3), (3t), (4), (4m), and (5).

AB43,1496 Section 1496. 71.45 (4) (a) of the statutes is amended to read:

AB43,924,2 71.45 (4) (a) Except as provided in par. (b) and s. 71.80 (25), insurers computing tax under this subchapter may subtract from Wisconsin net income any Wisconsin net business loss incurred in any of the 20 immediately preceding taxable years, if the insurer was subject to taxation under this chapter in the taxable year in which the loss was incurred, to the extent not offset by Wisconsin net business income of any year between the loss year and the taxable year for which an offset is claimed and computed without regard to sub. (2) (a) 8. and 9. and this subsection and limited to the amount of net income, but no loss incurred for a taxable year before taxable year 1987 by a nonprofit service plan of sickness care under ch. 148, or dental care under s. 447.13 may be treated as a net business loss of the successor service insurer under ch. 613 operating by virtue of s. 148.03 or 447.13. For purposes of this paragraph, the dividends received deduction under s. 71.26 (3) (j) may not be used in the determination of a net business loss.

AB43,1497 Section 1497. 71.47 (3w) (a) 2m. of the statutes is created to read:

AB43,924,5 71.47 (3w) (a) 2m. “Contract” means a contract between the claimant and the Wisconsin Economic Development Corporation under s. 238.399.