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LRBa1738/1
JK:wlj
2015 - 2016 LEGISLATURE
SENATE AMENDMENT 1,
TO SENATE BILL 525
January 26, 2016 - Offered by Senator Darling.
SB525-SA1,1,11 At the locations indicated, amend the bill as follows:
SB525-SA1,1,3 21. Page 2, line 25: delete that line and substitute "the industry cluster
3partnership certifies that the claimant is a member of the cluster.".
SB525-SA1,1,5 42. Page 3, line 1: delete lines 1 to 4 and substitute "Section 41 (f) (1), (2), (5),
5and (6) and (h) of the Internal Revenue Code does not apply".
SB525-SA1,1,8 63. Page 3, line 5: after "subdivision." insert "For purposes of this subdivision,
7"qualified research expenses" means qualified research expenses that satisfy any of
8the following conditions:
SB525-SA1,1,99 a. They are paid by the person claiming the credit.
SB525-SA1,1,1110 b. They are paid pursuant to a contract with a Wisconsin research institution
11or university.
SB525-SA1,1,1312 c. They are paid pursuant to a contract with a Wisconsin-based early stage
13company that has licensed intellectual property from a Wisconsin university.".
SB525-SA1,2,1
14. Page 3, line 9: delete "approval" and substitute "certification".
SB525-SA1,2,3 25. Page 3, line 10: after "partnership" insert "that the person is a member of
3the cluster".
SB525-SA1,2,5 46. Page 4, line 8: delete that line and substitute "for the taxable year, if the
5industry cluster partnership certifies that the claimant is a member of the cluster.".
SB525-SA1,2,7 67. Page 4, line 9: delete lines 9 to 12 and substitute "Section 41 (f) (1), (2), (5),
7and (6) and (h) of the Internal".
SB525-SA1,2,10 88. Page 4, line 13: after "subdivision." insert "For purposes of this subdivision,
9"qualified research expenses" means qualified research expenses that satisfy any of
10the following conditions:
SB525-SA1,2,1111 a. They are paid by the person claiming the credit.
SB525-SA1,2,1312 b. They are paid pursuant to a contract with a Wisconsin research institution
13or university.
SB525-SA1,2,1514 c. They are paid pursuant to a contract with a Wisconsin-based early stage
15company that has licensed intellectual property from a Wisconsin university.".
SB525-SA1,2,16 169. Page 4, line 17: delete "approval" and substitute "certification".
SB525-SA1,2,18 1710. Page 4, line 18: after "partnership" insert "that the person is a member of
18the cluster".
SB525-SA1,2,20 1911. Page 5, line 16: delete that line and substitute "for the taxable year, if the
20industry cluster partnership certifies that the claimant is a member of the cluster.".
SB525-SA1,2,22 2112. Page 5, line 17: delete lines 17 to 20 and substitute "Section 41 (f) (1), (2),
22(5), and (6) and (h) of the Internal".
SB525-SA1,3,3
113. Page 5, line 21: after "subdivision." insert "For purposes of this
2subdivision, "qualified research expenses" means qualified research expenses that
3satisfy any of the following conditions:
SB525-SA1,3,44 a. They are paid by the person claiming the credit.
SB525-SA1,3,65 b. They are paid pursuant to a contract with a Wisconsin research institution
6or university.
SB525-SA1,3,87 c. They are paid pursuant to a contract with a Wisconsin-based early stage
8company that has licensed intellectual property from a Wisconsin university.".
SB525-SA1,3,9 914. Page 6, line 2: delete "approval" and substitute "certification".
SB525-SA1,3,11 1015. Page 6, line 3: after "partnership" insert "that the person is a member of
11the cluster".
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