SB55-ASA1-AA1,585,221 71.05 (6) (b) 20. (intro.) For taxable years beginning on or after January 1,
221995, and before January 1, 2002, an amount paid by a person who is the employee
23of another person if the person's employer pays no amount of money toward the

1person's medical care insurance, for medical care insurance for the person, his or her
2spouse and the person's dependents, calculated as follows:

SB55-ASA1-AA1,585,94 71.05 (6) (b) 34. For taxable years beginning after December 31, 2001, an
5amount paid by an individual, other than a person to whom subd. 19. applies, who
6has no employer or who is the employee of another person if the individual's employer
7pays no amount of money toward the individual's medical care insurance, for medical
8care insurance for the individual, his or her spouse, and the individual's dependents,
9calculated as follows:

SB55-ASA1-AA1,585,1810 a. One hundred percent of the amount paid by the individual for medical care
11insurance. In this subdivision, "medical care insurance" means a medical care
12insurance policy that covers the individual, his or her spouse, and the individual's
13dependents and provides surgical, medical, hospital, major medical, or other health
14service coverage, and includes payments made for medical care benefits under a
15self-insured plan, but "medical care insurance" does not include hospital indemnity
16policies or policies with ancillary benefits such as accident benefits or benefits for loss
17of income resulting from a total or partial inability to work because of illness,
18sickness, or injury.

SB55-ASA1-AA1,585,2119 b. From the amount calculated under subd. 34. a., subtract the amounts
20deducted from gross income for medical care insurance in the calculation of federal
21adjusted gross income.

SB55-ASA1-AA1,586,822 c. For an individual who is a nonresident or part-year resident of this state,
23multiply the amount calculated under subd. 34. a. or b., by a fraction the numerator
24of which is the individual's wages, salary, tips, unearned income, and net earnings
25from a trade or business that are taxable by this state and the denominator of which

1is the individual's total wages, salary, tips, unearned income, and net earnings from
2a trade or business. In this subd. 34. c., for married persons filing separately "wages,
3salary, tips, unearned income, and net earnings from a trade or business" means the
4separate wages, salary, tips, unearned income, and net earnings from a trade or
5business of each spouse, and for married persons filing jointly "wages, salary, tips,
6unearned income, and net earnings from a trade or business" means the total wages,
7salary, tips, unearned income, and net earnings from a trade or business of both
8spouses.

SB55-ASA1-AA1,586,119 d. Reduce the amount calculated under subd. 34. a., b., or c. to the individual's
10aggregate wages, salary, tips, unearned income, and net earnings from a trade or
11business that are taxable by this state.".

SB55-ASA1-AA1,586,2219 71.07 (2dx) (a) 2. "Development zone" means a development zone under s.
20560.70, a development opportunity zone under s. 560.795 or , an enterprise
21development zone under s. 560.797, or an agricultural development zone under s.
22560.798.".

SB55-ASA1-AA1,587,5

171.07 (2dx) (b) Credit. (intro.) Except as provided in s. 73.03 (35) and subject
2to s. 560.785, for any taxable year for which the person is entitled under s. 560.795
3(3) to claim tax benefits or certified under s. 560.765 (3) or, 560.797 (4) or 560.798 (3),
4any person may claim as a credit against taxes imposed on the person's income from
5the person's business activities in a development zone the following amounts:

SB55-ASA1-AA1,587,167 71.07 (2dx) (c) Credit precluded. If the certification of a person for tax benefits
8under s. 560.765 (3) or, 560.797 (4) or 560.798 (3) is revoked, or if the person becomes
9ineligible for tax benefits under s. 560.795 (3), that person may not claim credits
10under this subsection for the taxable year that includes the day on which the
11certification is revoked; the taxable year that includes the day on which the person
12becomes ineligible for tax benefits; or succeeding taxable years and that person may
13not carry over unused credits from previous years to offset tax under this chapter for
14the taxable year that includes the day on which certification is revoked; the taxable
15year that includes the day on which the person becomes ineligible for tax benefits;
16or succeeding taxable years.

SB55-ASA1-AA1,587,2418 71.07 (2dx) (d) Carry-over precluded. If a person who is entitled under s.
19560.795 (3) to claim tax benefits or certified under s. 560.765 (3) or, 560.797 (4) or
20560.798 (3) for tax benefits ceases business operations in the development zone
21during any of the taxable years that that zone exists, that person may not carry over
22to any taxable year following the year during which operations cease any unused
23credits from the taxable year during which operations cease or from previous taxable
24years.".

SB55-ASA1-AA1,588,33 71.07 (5r) Education credit. (a) In this subsection:

SB55-ASA1-AA1,588,64 1. "Claimant" means a sole proprietor, a partner, a member of a limited liability
5company, or a shareholder of a tax-option corporation who files a claim under this
6subsection.