AB100-engrossed,659,12 b. Rearing structures.

AB100-engrossed,659,13 c. Feedlot structures.

AB100-engrossed,659,14 d. Feed storage and handling equipment.

AB100-engrossed,659,15 e. Fences.

AB100-engrossed,659,16 f. Watering facilities.

AB100-engrossed,659,17 g. Scales.

AB100-engrossed,659,18 h. Manure pumping and storage facilities.

AB100-engrossed,659,19 i. Digesters.

AB100-engrossed,659,20 j. Equipment used to produce energy.

AB100-engrossed,659,21 k. Fish hatchery buildings.

AB100-engrossed,659,22 L. Fish processing buildings.

AB100-engrossed,659,23 m. Fish rearing ponds.

AB100-engrossed, s. 1381e Section 1381e. 71.28 (3n) (a) 6. of the statutes is created to read:

AB100-engrossed,660,3 71.28 (3n) (a) 6. a. For taxable years that begin after December 31, 2003, and before January 1, 2006, "used exclusively," related to dairy animals, means used to the exclusion of all other uses except for use not exceeding 5 percent of total use.

AB100-engrossed,660,6 b. For taxable years that begin after December 31, 2005, and before January 1, 2010, "used exclusively," related to livestock, dairy animals, or both, means used to the exclusion of all other uses except for use not exceeding 5 percent of total use.

AB100-engrossed,660,9 c. For taxable years that begin after December 31, 2009, and before January 1, 2012, "used exclusively," related to livestock, means used to the exclusion of all other uses except for use not exceeding 5 percent of total use.

AB100-engrossed, s. 1382b Section 1382b. 71.28 (3n) (b) of the statutes is renumbered 71.28 (3n) (b) 1.

AB100-engrossed, s. 1382c Section 1382c. 71.28 (3n) (b) 2. of the statutes is created to read:

AB100-engrossed,660,17 71.28 (3n) (b) 2. Subject to the limitations provided in this subsection, for taxable years that begin after December 31, 2005, and before January 1, 2012, a claimant may claim as a credit against the tax imposed under s. 71.23 an amount equal to 10 percent of the amount the claimant paid in the taxable year for livestock farm modernization or expansion related to the operation of the claimant's livestock farm.

AB100-engrossed, s. 1382d Section 1382d. 71.28 (3n) (e) of the statutes is renumbered 71.28 (3n) (e) 1. and amended to read:

AB100-engrossed,661,3 71.28 (3n) (e) 1. 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 their payment of expenses under par. (b), except that the aggregate amount of credits that the entity may compute shall not exceed $50,000. 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 of limited liability companies, and shareholders of tax-option corporations may claim the credit in proportion to their ownership interest.

AB100-engrossed, s. 1382e Section 1382e. 71.28 (3n) (e) 2. of the statutes is created to read:

AB100-engrossed,661,8 71.28 (3n) (e) 2. If 2 or more persons own and operate the dairy or livestock farm, each person may claim a credit under par. (b) in proportion to his or her ownership interest, except that the aggregate amount of the credits claimed by all persons who own and operate the farm shall not exceed $50,000.

AB100-engrossed, s. 1383 Section 1383. 71.28 (4) (a) of the statutes is amended to read:

AB100-engrossed,661,23 71.28 (4) (a) Credit. Any corporation may credit against taxes otherwise due under this chapter an amount equal to 5% of the amount obtained by subtracting from the corporation's qualified research expenses, as defined in section 41 of the internal revenue code, except that "qualified research expenses" includes only expenses incurred by the claimant, incurred for research conducted in this state for the taxable year, except that a taxpayer may elect the alternative computation under section 41 (c) (4) of the Internal Revenue Code and that election applies until the department permits its revocation and except that "qualified research expenses" does not include compensation used in computing the credit under subs. (1dj) and (1dx), the corporation's base amount, as defined in section 41 (c) of the internal revenue code, except that gross receipts used in calculating the base amount means gross receipts from sales attributable to Wisconsin under s. 71.25 (9) (b) 1. and 2. and, (d), (df), and (dh). Section 41 (h) of the internal revenue code does not apply to the credit under this paragraph.

AB100-engrossed, s. 1384 Section 1384. 71.28 (4) (am) 1. of the statutes is amended to read:

AB100-engrossed,662,23 71.28 (4) (am) 1. In addition to the credit under par. (a), any corporation may credit against taxes otherwise due under this chapter an amount equal to 5% of the amount obtained by subtracting from the corporation's qualified research expenses, as defined in section 41 of the internal revenue code, except that "qualified research expenses" include only expenses incurred by the claimant in a development zone under subch. VI of ch. 560, except that a taxpayer may elect the alternative computation under section 41 (c) (4) of the Internal Revenue Code and that election applies until the department permits its revocation and except that "qualified research expenses" do not include compensation used in computing the credit under sub. (1dj) nor research expenses incurred before the claimant is certified for tax benefits under s. 560.765 (3), the corporation's base amount, as defined in section 41 (c) of the internal revenue code, in a development zone, except that gross receipts used in calculating the base amount means gross receipts from sales attributable to Wisconsin under s. 71.25 (9) (b) 1. and 2. and, (d), (df), and (dh) and research expenses used in calculating the base amount include research expenses incurred before the claimant is certified for tax benefits under s. 560.765 (3), in a development zone, if the claimant submits with the claimant's return a copy of the claimant's certification for tax benefits under s. 560.765 (3) and a statement from the department of commerce verifying the claimant's qualified research expenses for research conducted exclusively in a development zone. The rules under s. 73.03 (35) apply to the credit under this subdivision. The rules under sub. (1di) (f) and (g) as they apply to the credit under that subsection apply to claims under this subdivision. Section 41 (h) of the internal revenue code does not apply to the credit under this subdivision.

AB100-engrossed, s. 1385 Section 1385. 71.28 (4) (i) of the statutes is amended to read:

AB100-engrossed,663,6 71.28 (4) (i) Nonclaimants. The credits under this subsection may not be claimed by a partnership, except a publicly traded partnership treated as a corporation under s. 71.22 (1) (1k), limited liability company, except a limited liability company treated as a corporation under s. 71.22 (1) (1k), or tax-option corporation or by partners, including partners of a publicly traded partnership, members of a limited liability company or shareholders of a tax-option corporation.