SB55-ASA1,832,18 (d) 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 amounts under par. (a). 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.

SB55-ASA1, s. 1207 Section 1207. 71.49 (1) (emb) of the statutes is created to read:

SB55-ASA1,832,21 71.49 (1) (emb) Development zone capital investment credit under s. 71.47 (1dm).

SB55-ASA1, s. 1208 Section 1208. 71.49 (1) (eon) of the statutes is created to read:

SB55-ASA1,832,23 71.49 (1) (eon) Technology zones credit under s. 71.47 (3g).

SB55-ASA1, s. 2200c Section 2200c. 71.93 (1) (a) 4. of the statutes is amended to read:

SB55-ASA1,833,3 71.93 (1) (a) 4. An amount that the department of workforce development may recover under s. 49.125 or 49.195 (3) or 49.793, if the department of workforce development has certified the amount under s. 49.85.

SB55-ASA1, s. 2200cm Section 2200cm. 71.93 (1) (a) 6. of the statutes is created to read:

SB55-ASA1,833,6 71.93 (1) (a) 6. An amount owed to the department of military affairs under s. 21.49 (3m) (b).

SB55-ASA1, s. 2200d Section 2200d. 72.01 (11m) of the statutes is created to read:

SB55-ASA1,833,11 72.01 (11m) "Federal credit" means, for deaths occurring before October 1, 2002, the federal estate tax credit in effect on December 31, 2000, and for deaths occurring after September 30, 2002, the federal estate tax credit in effect on the day of the decedent's death.

SB55-ASA1, s. 2200e Section 2200e. 72.01 (11n) of the statutes is created to read:

SB55-ASA1,833,16 72.01 (11n) "Federal estate tax" means, for deaths occurring before October 1, 2002, the federal estate tax in effect on December 31, 2000, and for deaths occurring after September 30, 2002, the federal estate tax in effect on the day of the decedent's death.

SB55-ASA1, s. 2200g Section 2200g. 72.02 of the statutes is amended to read:

SB55-ASA1,834,2 72.02 Estate tax imposed. An estate tax is imposed upon the transfer of all property that is subject to a federal estate tax and that has a taxable situs in this state. The tax imposed is equal to the federal credit allowed for state death taxes against the federal estate tax as finally determined. If only a portion of a decedent's property has a taxable situs in this state, the tax imposed is the amount obtained by multiplying the federal credit allowed for state death taxes by a fraction the numerator of which is the value of the decedent's estate that has a taxable situs in this state and the denominator of which is the total value of the property in the estate that qualifies for the federal credit allowed for state death taxes.

SB55-ASA1, s. 2200k Section 2200k. 72.30 (1) of the statutes is renumbered 72.30 (1) (a) and amended to read:

SB55-ASA1,834,11 72.30 (1) (a) If Except as provided in par. (b), if a federal estate tax return is required, the personal representative, special administrator, trustee, distributee or other person interested shall prepare the return for the tax under this chapter, compute the tax due under this chapter and on or before the due date, as extended, of the federal estate tax return file the return for the tax under this chapter, a copy of the federal estate tax return and a copy of all documents submitted with the federal estate tax return.

SB55-ASA1, s. 2200L Section 2200L. 72.30 (1) (b) of the statutes is created to read:

SB55-ASA1,834,16 72.30 (1) (b) For deaths occurring after December 31, 2001, and before October 1, 2002, the personal representative, special administrator, trustee, distributee, or other person interested shall prepare the return for the tax under this chapter in the manner prescribed by the department.

SB55-ASA1, s. 1209 Section 1209. 73.01 (4) (a) of the statutes is amended to read:

SB55-ASA1,835,10 73.01 (4) (a) Subject to the provisions for judicial review contained in s. 73.015, the commission shall be the final authority for the hearing and determination of all questions of law and fact arising under sub. (5) and s. 72.86 (4), 1985 stats., and ss. 70.11 (21), 70.38 (4) (a), 70.397, 70.64, and 70.995 (8), s. 76.38 (12) (a), 1993 stats., ss. 76.39 (4) (c), 76.48 (6), 76.91, 77.26 (3), 77.59 (6) (b), 78.01, 78.22, 78.40, 78.555, 139.02, 139.03, 139.06, 139.31, 139.315, 139.33, 139.76, 139.78, 341.405 , and 341.45, subch. XIV of ch. 71, and subch. VII of ch. 77. Whenever with respect to a pending appeal there is filed with the commission a stipulation signed by the department of revenue and the adverse party, under s. 73.03 (25), or the department of transportation and the adverse party agreeing to an affirmance, modification, or reversal of the department of revenue's or department of transportation's position with respect to some or all of the issues raised in the appeal, the commission shall enter an order affirming or modifying in whole or in part, or canceling the assessment appealed from, or allowing in whole or in part or denying the petitioner's refund claim, as the case may be, pursuant to and in accordance with the stipulation filed. No responsibility shall devolve upon the commission, respecting the signing of an order of dismissal as to any pending appeal settled by the department of revenue or the department of transportation without the approval of the commission.

SB55-ASA1, s. 1210 Section 1210. 73.01 (5) (a) of the statutes is amended to read:

SB55-ASA1,836,21 73.01 (5) (a) Any person who is aggrieved by a determination of the state board of assessors under s. 70.995 (8) or by the department of revenue under s. 70.11 (21) or who has filed a petition for redetermination with the department of revenue and who is aggrieved by the redetermination of the department of revenue may, within 60 days of the determination of the state board of assessors or of the department of revenue or, in all other cases, within 60 days after the redetermination but not thereafter, file with the clerk of the commission a petition for review of the action of the department of revenue and the number of copies of the petition required by rule adopted by the commission. Any person who is aggrieved by a determination of the department of transportation under s. 341.405 or 341.45 may, within 30 days after the determination of the department of transportation, file with the clerk of the commission a petition for review of the action of the department of transportation and the number of copies of the petition required by rule adopted by the commission. If a municipality appeals, its appeal shall set forth that the appeal has been authorized by an order or resolution of its governing body and the appeal shall be verified by a member of that governing body as pleadings in courts of record are verified. The clerk of the commission shall transmit one copy to the department of revenue, or to the department of transportation, and to each party. In the case of appeals from manufacturing property assessments, the person assessed shall be a party to a proceeding initiated by a municipality. At the time of filing the petition, the petitioner shall pay to the commission a $25 filing fee. The commission shall deposit the fee in the general fund. Within 30 days after such transmission the department of revenue, except for petitions objecting to manufacturing property assessments, or the department of transportation, shall file with the clerk of the commission an original and the number of copies of an answer to the petition required by rule adopted by the commission and shall serve one copy on the petitioner or the petitioner's attorney or agent. Within 30 days after service of the answer, the petitioner may file and serve a reply in the same manner as the petition is filed. Any person entitled to be heard by the commission under s. 76.38 (12) (a), 1993 stats., or s. 76.39 (4) (c), 76.48, or 76.91 may file a petition with the commission within the time and in the manner provided for the filing of petitions in income or franchise tax cases. Such papers may be served as a circuit court summons is served or by certified mail. For the purposes of this subsection, a petition for review is considered timely filed if mailed by certified mail in a properly addressed envelope, with postage duly prepaid, which envelope is postmarked before midnight of the last day for filing.

SB55-ASA1, s. 1211 Section 1211. 73.03 (35) of the statutes is amended to read:

SB55-ASA1,837,4 73.03 (35) To deny a portion of a credit claimed under s. 71.07 (2dd), (2de), (2di), (2dj), (2dL), (2dm), (2dr), (2ds) or (2dx), 71.28 (1dd), (1de), (1di), (1dj), (1dm), (1dL), (1ds), (1dx), or (4) (am) or 71.47 (1dd), (1de), (1di), (1dj), (1dL), (1dm), (1ds), (1dx), or (4) (am) if granting the full amount claimed would violate a requirement under s. 560.785 or would bring the total of the credits granted to that claimant under all of those subsections over the limit for that claimant under s. 560.768, 560.795 (2) (b), or 560.797 (5) (b).

SB55-ASA1, s. 1212 Section 1212. 73.03 (35m) of the statutes is created to read:

SB55-ASA1,837,9 73.03 (35m) To deny a portion of a credit claimed under s. 71.07 (3g), 71.28 (3g), or 71.47 (3g), if granting the full amount claimed would violate a requirement under s. 560.96 or would bring the total of the credits claimed under ss. 71.07 (3g), 71.28 (3g), and 71.47 (3g) over the limit for all claimants under s. 560.96 (2).

SB55-ASA1, s. 2204m Section 2204m. 73.03 (46) of the statutes is repealed.

SB55-ASA1, s. 1213 Section 1213. 73.03 (52m) of the statutes is created to read: