71.47(5f)(a)1.
1. "Accredited production" means a film, video, broadcast advertisement, or television production, as approved by the department of commerce or the department of tourism, for which the aggregate salary and wages included in the cost of the production for the period ending 12 months after the month in which the principal filming or taping of the production begins exceeds $50,000. "Accredited production" also means an electronic game, as approved by the department of commerce or the department of tourism, for which the aggregate salary and wages included in the cost of the production for the period ending 36 months after the month in which the principal programming, filming, or taping of the production begins exceeds $100,000. "Accredited production" does not include any of the following, regardless of the production costs:
71.47(5f)(a)1.a.
a. News, current events, or public programming or a program that includes weather or market reports.
71.47(5f)(a)1.g.
g. A production for which the production company is required under
18 USC 2257 to maintain records with respect to a performer portrayed in a single media or multimedia program.
71.47(5f)(a)1.h.
h. A production produced primarily for industrial, corporate, or institutional purposes.
71.47(5f)(a)2.
2. "Claimant" means a person who files a claim under this subsection.
71.47(5f)(a)3.
3. "Production expenditures" means any expenditures that are incurred in this state and directly used to produce an accredited production, including expenditures for set construction and operation, wardrobes, make-up, clothing accessories, photography, sound recording, sound synchronization, sound mixing, lighting, editing, film processing, film transferring, special effects, visual effects, renting or leasing facilities or equipment, renting or leasing motor vehicles, food, lodging, and any other similar expenditure as determined by the department of commerce or the department of tourism. "Production expenditures" do not include salary, wages, or labor-related contract payments.
71.47(5f)(b)
(b)
Filing claims. Subject to the limitations provided in this subsection, for taxable years beginning after December 31, 2008, a claimant may claim as a credit against the tax imposed under
s. 71.43 any of the following amounts:
71.47(5f)(b)1.
1. An amount equal to 25 percent of the salary, wages, or labor-related contract payments paid by the claimant in the taxable year to individuals, including actors, who were residents of this state at the time that they were paid and who worked on an accredited production in this state, not including the salary, wages, or contract payments paid to any individual who was paid more than $250,000.
71.47(5f)(b)3.
3. An amount equal to 25 percent of the production expenditures paid by the claimant in the taxable year to produce an accredited production.
71.47(5f)(c)1.1. A claimant may not claim a credit under this subsection if less than 35 percent of the total budget for the accredited production is spent in this state.
71.47(5f)(c)2.
2. The total amount of the credits that a claimant may claim under [
par. (b) 2.] in a taxable year shall not exceed an amount equal to the first $20,000 of salary, wages, or labor-related contract payments paid to each individual described in [
par. (b) 2.] in the taxable year.
71.47 Note
NOTE: The cross-reference in brackets does not exist as the result of the governor's partial veto of
2009 Wis. Act 28.
71.47(5f)(c)3.
3. No credit may be claimed under
par. (b) 3. for the purchase of tangible personal property or items, property, or goods under
s. 77.52 (1) (b),
(c), or
(d) the sale of which is not sourced to this state, as provided under
s. 77.522.
71.47(5f)(c)6.
6. No credit may be allowed under this subsection unless the claimant files an application with the department of commerce or the department of tourism, at the time and in the manner prescribed by the department of commerce or the department of tourism, and the department of commerce or the department of tourism approves the application. The claimant shall submit a fee with the application in an amount equal to 2 percent of the claimant's budgeted production expenditures or $500, whichever is less. The claimant shall submit a copy of the approved application with the claimant's return.
71.47(5f)(c)7.
7. 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. (b). 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.
71.47(5f)(d)2.
2. If the allowable amount of the claim under
par. (b) exceeds the tax otherwise due under
s. 71.43 or no tax is due under
s. 71.43, the amount of the claim not used to offset the tax due shall be certified by the department of revenue to the department of administration for payment by check, share draft, or other draft drawn from the appropriation account under
s. 20.835 (2) (bm).
71.47(5f)(d)3.
3. No credit may be claimed under this subsection for taxable years beginning after December 31, 2013.
71.47(5g)
(5g) Health Insurance Risk-Sharing Plan assessments credit. 71.47(5g)(a)(a)
Definitions. In this subsection, "claimant" means an insurer, as defined in s.
149.10 (5), 2011 stats., who files a claim under this subsection.
71.47(5g)(b)
(b)
Filing claims. Subject to the limitations provided under this subsection, for taxable years beginning after December 31, 2005, and before January 1, 2015, a claimant may claim as a credit against the taxes imposed under s.
71.43 an amount that is equal to the amount of assessment under s.
149.13, 2011 stats., that the claimant paid in the claimant's taxable year, multiplied by the percentage determined under
par. (c) 1.