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SB21,978,1615 4. For purposes of this paragraph, "Internal Revenue Code" does not include
16section 847 of the federal Internal Revenue Code.
SB21,978,1917 5. For purposes of this paragraph, the provisions of federal public laws that
18directly or indirectly affect the Internal Revenue Code, as defined in this paragraph,
19apply for Wisconsin purposes at the same time as for federal purposes.
SB21,2362 20Section 2362. 71.45 (1t) (e) of the statutes is amended to read:
SB21,978,2321 71.45 (1t) (e) Those issued under s. 234.65, 2013 stats., to fund an economic
22development loan to finance construction, renovation or development of property
23that would be exempt under s. 70.11 (36).
SB21,2363 24Section 2363. 71.45 (1t) (em) of the statutes is amended to read:
SB21,979,4
171.45 (1t) (em) Those issued under s. 234.08 , 2013 stats., or s. 234.61, 2013
2stats.
, on or after January 1, 2004, or the Forward Wisconsin Development Authority
3under s. 235.609 or 235.61,
if the obligations are issued to fund multifamily
4affordable housing projects or elderly housing projects.
SB21,2364 5Section 2364. 71.45 (1t) (k) 1. of the statutes is amended to read:
SB21,979,96 71.45 (1t) (k) 1. The bonds or notes are used to fund multifamily affordable
7housing projects or elderly housing projects in this state, and the Forward Wisconsin
8Housing and Economic Development Authority has the authority to issue its bonds
9or notes for the project being funded.
SB21,2365 10Section 2365. 71.45 (1t) (m) of the statutes is amended to read:
SB21,979,1311 71.45 (1t) (m) Those issued by the Forward Wisconsin Housing and Economic
12Development Authority to provide loans to a public affairs network under s. 234.75
13(4), 2013 stats., or s. 235.75 (4).
SB21,2366 14Section 2366. 71.45 (1t) (n) of the statutes is created to read:
SB21,979,1615 71.45 (1t) (n) 1. Those issued by the state under s. 16.527 (3) (d) to assist a local
16sports and entertainment district created under subch. VI of ch. 229.
SB21,979,1917 2. Those issued under one of the provisions specified in s. 229.863 (3) by a local
18unit, as defined in s. 229.858 (4), to assist a local sports and entertainment district
19created under subch. VI of ch. 229.
SB21,2367 20Section 2367. 71.45 (2) (a) 10. of the statutes is amended to read:
SB21,980,221 71.45 (2) (a) 10. By adding to federal taxable income the amount of credit
22computed under s. 71.47 (1dd) (1dm) to (1dy), (3g), (3h), (3n), (3p), (3q), (3r), (3rm),
23(3rn), (3w), (3y), (5e), (5f), (5g), (5h), (5i), (5j), (5k), (5r), (5rm), (6n), (8r), and (9s) and
24not passed through by a partnership, limited liability company, or tax-option
25corporation that has added that amount to the partnership's, limited liability

1company's, or tax-option corporation's income under s. 71.21 (4) or 71.34 (1k) (g) and
2the amount of credit computed under s. 71.47 (1), (3), (3t), (4), (4m), and (5).
SB21,2368 3Section 2368. 71.45 (2) (a) 11. of the statutes is repealed.
SB21,2369 4Section 2369. 71.47 (1) (a) of the statutes is amended to read:
SB21,980,155 71.47 (1) (a) Any corporation which contributes an amount to the community
6development finance authority under s. 233.03, 1985 stats., or to the housing and
7economic development authority under s. 234.03 (32), 2013 stats., or to the Forward
8Wisconsin Development Authority on behalf of the community development finance
9company under s. 235.95
and in the same year purchases common stock or
10partnership interests of the community development finance company issued under
11s. 233.05 (2), 1985 stats., or s. 234.95 (2), 2013 stats., or s. 235.95 (2) in an amount
12no greater than the contribution to the authority, may credit against taxes otherwise
13due an amount equal to 75% of the purchase price of the stock or partnership
14interests. The credit received under this paragraph may not exceed 75% of the
15contribution to the community development finance authority.
SB21,2370 16Section 2370. 71.47 (1dd) of the statutes is repealed.
SB21,2371 17Section 2371. 71.47 (1de) of the statutes is repealed.
SB21,2372 18Section 2372. 71.47 (1di) of the statutes is repealed.
SB21,2373 19Section 2373. 71.47 (1dj) of the statutes is repealed.
SB21,2374 20Section 2374. 71.47 (1dL) of the statutes is repealed.
SB21,2375 21Section 2375. 71.47 (1dm) (a) 1. of the statutes is amended to read:
SB21,981,222 71.47 (1dm) (a) 1. "Certified" means entitled under s. 235.395 (3) (a) 4. or s.
23238.395 (3) (a) 4., 2013 stats., or s. 560.795 (3) (a) 4., 2009 stats., to claim tax benefits
24or certified under s. 235.395 (5), 235.398 (3), or 235.3995 (4) or s. 238.395 (5), 2013

1stats., s.
238.398 (3), 2013 stats., or s. 238.3995 (4), 2013 stats., or s. 560.795 (5), 2009
2stats., s. 560.798 (3), 2009 stats., or s. 560.7995 (4), 2009 stats.
SB21,2376 3Section 2376. 71.47 (1dm) (a) 3. of the statutes is amended to read:
SB21,981,84 71.47 (1dm) (a) 3. "Development zone" means a development opportunity zone
5under s. 235.395 (1) (e) and (f) or 235.398 or s. 238.395 (1) (e) and (f), 2013 stats., or
6s. 238.398, 2013 stats. or s. 560.795 (1) (e) and (f), 2009 stats., or s. 560.798, 2009
7stats., or an airport development zone under s. 235.3995 or s. 238.3995, 2013 stats.,
8or s. 560.7995, 2009 stats.
SB21,2377 9Section 2377. 71.47 (1dm) (a) 4. of the statutes is amended to read:
SB21,981,1910 71.47 (1dm) (a) 4. "Previously owned property" means real property that the
11claimant or a related person owned during the 2 years prior to the department of
12commerce or the Wisconsin Economic Development Corporation or the Forward
13Wisconsin Development Authority
designating the place where the property is
14located as a development zone and for which the claimant may not deduct a loss from
15the sale of the property to, or an exchange of the property with, the related person
16under section 267 of the Internal Revenue Code, except that section 267 (b) of the
17Internal Revenue Code is modified so that if the claimant owns any part of the
18property, rather than 50% ownership, the claimant is subject to section 267 (a) (1) of
19the Internal Revenue Code for purposes of this subsection.
SB21,2378 20Section 2378. 71.47 (1dm) (f) 1. of the statutes is amended to read:
SB21,981,2521 71.47 (1dm) (f) 1. A copy of the verification that the claimant may claim tax
22benefits under s. 235.395 (3) (a) 4. or s. 238.395 (3) (a) 4., 2013 stats., or s. 560.795
23(3) (a) 4., 2009 stats., or is certified under s. 235.395 (5), 235.398 (3), or 235.3995 (4)
24or
s. 238.395 (5), 2013 stats., s. 238.398 (3) , 2013 stats., or s. 238.3995 (4), 2013 stats.,
25or s. 560.795 (5), 2009 stats., s. 560.798 (3), 2009 stats., or s. 560.7995 (4), 2009 stats.
SB21,2379
1Section 2379. 71.47 (1dm) (f) 2. of the statutes is amended to read:
SB21,982,52 71.47 (1dm) (f) 2. A statement from the department of commerce or the
3Wisconsin Economic Development Corporation or the Forward Wisconsin
4Development Authority
verifying the purchase price of the investment and verifying
5that the investment fulfills the requirements under par. (b).
SB21,2380 6Section 2380. 71.47 (1dm) (i) of the statutes is amended to read:
SB21,982,217 71.47 (1dm) (i) Partnerships, limited liability companies, and tax-option
8corporations may not claim the credit under this subsection, but the eligibility for,
9and the amount of, that credit shall be determined on the basis of their economic
10activity, not that of their shareholders, partners, or members. The corporation,
11partnership, or limited liability company shall compute the amount of credit that
12may be claimed by each of its shareholders, partners, or members and provide that
13information to its shareholders, partners, or members. Partners, members of limited
14liability companies, and shareholders of tax-option corporations may claim the
15credit based on the partnership's, company's, or corporation's activities in proportion
16to their ownership interest and may offset it against the tax attributable to their
17income from the partnership's, company's, or corporation's business operations in the
18development zone; except that partners, members, and shareholders in a
19development zone under s. 235.395 (1) (e) or s. 238.395 (1) (e), 2013 stats., or s.
20560.795 (1) (e), 2009 stats., may offset the credit against the amount of the tax
21attributable to their income.
SB21,2381 22Section 2381. 71.47 (1dm) (j) of the statutes is amended to read:
SB21,983,1023 71.47 (1dm) (j) If a person who is entitled under s. 235.395 (3) (a) 4. or s. 238.395
24(3) (a) 4., 2013 stats., or s. 560.795 (3) (a) 4., 2009 stats., to claim tax benefits becomes
25ineligible for such tax benefits, or if a person's certification under s. 235.395 (5),

1235.398 (3), or 235.3995 (4) or
s. 238.395 (5), 2013 stats., s. 238.398 (3), 2013 stats.,
2or s. 238.3995 (4), 2013 stats., or s. 560.795 (5), 2009 stats., s. 560.798 (3), 2009 stats.,
3or s. 560.7995 (4), 2009 stats., is revoked, that person may claim no credits under this
4subsection for the taxable year that includes the day on which the person becomes
5ineligible for tax benefits, the taxable year that includes the day on which the
6certification is revoked, or succeeding taxable years, and that person may carry over
7no unused credits from previous years to offset tax under this chapter for the taxable
8year that includes the day on which the person becomes ineligible for tax benefits,
9the taxable year that includes the day on which the certification is revoked, or
10succeeding taxable years.
SB21,2382 11Section 2382. 71.47 (1dm) (k) of the statutes is amended to read:
SB21,983,2012 71.47 (1dm) (k) If a person who is entitled under s. 235.395 (3) (a) 4. or s.
13238.395 (3) (a) 4., 2013 stats., or s. 560.795 (3) (a) 4., 2009 stats., to claim tax benefits
14or certified under s. 235.395 (5), 235.398 (3), or 235.3995 (4) or s. 238.395 (5), 2013
15stats., s.
238.398 (3), 2013 stats., or s. 238.3995 (4), 2013 stats., or s. 560.795 (5), 2009
16stats., s. 560.798 (3), 2009 stats., or s. 560.7995 (4), 2009 stats., ceases business
17operations in the development zone during any of the taxable years that that zone
18exists, that person may not carry over to any taxable year following the year during
19which operations cease any unused credits from the taxable year during which
20operations cease or from previous taxable years.
SB21,2383 21Section 2383. 71.47 (1dr) of the statutes is repealed.
SB21,2384 22Section 2384. 71.47 (1ds) of the statutes is repealed.
SB21,2385 23Section 2385. 71.47 (1dx) (a) 2. of the statutes is amended to read:
SB21,984,524 71.47 (1dx) (a) 2. "Development zone" means a development zone under s.
25235.30 or
s. 238.30, 2013 stats., or s. 560.70, 2009 stats., a development opportunity

1zone under s. 235.395 or s. 238.395, 2013 stats., or s. 560.795, 2009 stats., or an
2enterprise development zone under s. 235.397 or s. 238.397, 2013 stats., or s.
3560.797, 2009 stats., an agricultural development zone under s. 235.398 or s.
4238.398, 2013 stats., or s. 560.798, 2009 stats., or an airport development zone under
5s. 235.3995 or s. 238.3995, 2013 stats., or s. 560.7995, 2009 stats.
SB21,2386 6Section 2386. 71.47 (1dx) (a) 3. of the statutes is amended to read:
SB21,984,137 71.47 (1dx) (a) 3. "Environmental remediation" means removal or
8containment of environmental pollution, as defined in s. 299.01 (4), and restoration
9of soil or groundwater that is affected by environmental pollution, as defined in s.
10299.01 (4), in a brownfield if that removal, containment or restoration fulfills the
11requirement under sub. (1de) (a) 1., 2013 stats., and investigation unless the
12investigation determines that remediation is required and that remediation is not
13undertaken.
SB21,2387 14Section 2387. 71.47 (1dx) (a) 4. of the statutes is amended to read:
SB21,984,1615 71.47 (1dx) (a) 4. "Full-time job" has the meaning given in s. 238.30 235.30
16(2m).
SB21,2388 17Section 2388. 71.47 (1dx) (a) 5. of the statutes is amended to read:
SB21,985,618 71.47 (1dx) (a) 5. "Member of a targeted group" means a person who resides
19in an area designated by the federal government as an economic revitalization area,
20a person who is employed in an unsubsidized job but meets the eligibility
21requirements under s. 49.145 (2) and (3) for a Wisconsin Works employment position,
22a person who is employed in a trial job, as defined in s. 49.141 (1) (n), 2011 stats., or
23in a trial employment match program job, as defined in s. 49.141 (1) (n), a person who
24is eligible for child care assistance under s. 49.155, a person who is a vocational
25rehabilitation referral, an economically disadvantaged youth, an economically

1disadvantaged veteran, a supplemental security income recipient, a general
2assistance recipient, an economically disadvantaged ex-convict, a qualified summer
3youth employee, as defined in 26 USC 51 (d) (7), a dislocated worker, as defined in
429 USC 2801 (9), or a food stamp recipient, if the person has been certified in the
5manner under sub. (1dj) (am) 3., 2013 stats., by a designated local agency, as defined
6in sub. (1dj) (am) 2., 2013 stats.
SB21,2389 7Section 2389. 71.47 (1dx) (b) (intro.) of the statutes is amended to read:
SB21,985,168 71.47 (1dx) (b) Credit. (intro.) Except as provided in pars. (be) and (bg) and
9in s. 73.03 (35), and subject to s. 235.385 or s. 238.385, 2013 stats., or s. 560.785, 2009
10stats., for any taxable year for which the person is entitled under s. 235.395 (3) or s.
11238.395 (3), 2013 stats., or s. 560.795 (3), 2009 stats., to claim tax benefits or certified
12under s. 235.365 (3), 235.397 (4), 235.398 (3), or 235.3995 (4) or s. 238.365 (3), 2013
13stats., s.
238.397 (4), 2013 stats., s. 238.398 (3), 2013 stats., or s. 238.3995 (4), 2013
14stats.,
or s. 560.765 (3), 2009 stats., s. 560.797 (4), 2009 stats., s. 560.798 (3), 2009
15stats., or s. 560.7995 (4), 2009 stats., any person may claim as a credit against the
16taxes otherwise due under this chapter the following amounts:
SB21,2390 17Section 2390. 71.47 (1dx) (b) 2. of the statutes is amended to read:
SB21,985,2218 71.47 (1dx) (b) 2. The amount determined by multiplying the amount
19determined under s. 235.385 (1) (b) or s. 238.385 (1) (b), 2013 stats., or s. 560.785 (1)
20(b), 2009 stats., by the number of full-time jobs created in a development zone and
21filled by a member of a targeted group and by then subtracting the subsidies paid
22under s. 49.147 (3) (a) for those jobs.
SB21,2391 23Section 2391. 71.47 (1dx) (b) 3. of the statutes is amended to read:
SB21,986,324 71.47 (1dx) (b) 3. The amount determined by multiplying the amount
25determined under s. 235.385 (1) (c) or s. 238.385 (1) (c), 2013 stats., or s. 560.785 (1)

1(c), 2009 stats., by the number of full-time jobs created in a development zone and
2not filled by a member of a targeted group and by then subtracting the subsidies paid
3under s. 49.147 (3) (a) for those jobs.
SB21,2392 4Section 2392. 71.47 (1dx) (b) 4. of the statutes is amended to read:
SB21,986,125 71.47 (1dx) (b) 4. The amount determined by multiplying the amount
6determined under s. 235.385 (1) (bm) or s. 238.385 (1) (bm), 2013 stats., or s. 560.785
7(1) (bm), 2009 stats., by the number of full-time jobs retained, as provided in the
8rules
under s. 235.385 or s. 238.385, 2013 stats., or s. 560.785, 2009 stats., excluding
9jobs for which a credit has been claimed under sub. (1dj),
in an enterprise
10development zone under s. 235.397 or s. 238.397, 2013 stats., or s. 560.797, 2009
11stats., and for which significant capital investment was made and by then
12subtracting the subsidies paid under s. 49.147 (3) (a) for those jobs.
SB21,2393 13Section 2393. 71.47 (1dx) (b) 5. of the statutes is amended to read:
SB21,986,2014 71.47 (1dx) (b) 5. The amount determined by multiplying the amount
15determined under s. 235.385 (1) (c) or s. 238.385 (1) (c), 2013 stats., or s. 560.785 (1)
16(c), 2009 stats., by the number of full-time jobs retained, as provided in the rules
17under s. 235.385 or s. 238.385, 2013 stats., or s. 560.785, 2009 stats., excluding jobs
18for which a credit has been claimed under sub. (1dj),
in a development zone and not
19filled by a member of a targeted group and by then subtracting the subsidies paid
20under s. 49.147 (3) (a) for those jobs.
SB21,2394 21Section 2394. 71.47 (1dx) (be) of the statutes is amended to read:
SB21,987,222 71.47 (1dx) (be) Offset. A claimant in a development zone under s. 235.395 (1)
23(e) or
s. 238.395 (1) (e), 2013 stats., or s. 560.795 (1) (e), 2009 stats., may offset any
24credits claimed under this subsection, including any credits carried over, against the
25amount of the tax otherwise due under this subchapter attributable to all of the

1claimant's income and against the tax attributable to income from directly related
2business operations of the claimant.
SB21,2395 3Section 2395. 71.47 (1dx) (bg) of the statutes is amended to read:
SB21,987,154 71.47 (1dx) (bg) Other entities. For claimants in a development zone under s.
5235.395 (1) (e) or
s. 238.395 (1) (e), 2013 stats., or s. 560.795 (1) (e), 2009 stats.,
6partnerships, limited liability companies, and tax-option corporations may not
7claim the credit under this subsection, but the eligibility for, and amount of, that
8credit shall be determined on the basis of their economic activity, not that of their
9shareholders, partners, or members. The corporation, partnership, or company shall
10compute the amount of the credit that may be claimed by each of its shareholders,
11partners, or members and shall provide that information to each of its shareholders,
12partners, or members. Partners, members of limited liability companies, and
13shareholders of tax-option corporations may claim the credit based on the
14partnership's, company's, or corporation's activities in proportion to their ownership
15interest and may offset it against the tax attributable to their income.
SB21,2396 16Section 2396. 71.47 (1dx) (c) of the statutes is amended to read:
SB21,988,417 71.47 (1dx) (c) Credit precluded. If the certification of a person for tax benefits
18under s. 235.365 (3), 235.397 (4), 235.398 (3), or 235.3995 (4) or s. 238.365 (3), 2013
19stats., s.
238.397 (4), 2013 stats., s. 238.398 (3), 2013 stats., or s. 238.3995 (4), 2013
20stats.,
or s. 560.765 (3), 2009 stats., s. 560.797 (4), 2009 stats., s. 560.798 (3), 2009
21stats., or s. 560.7995 (4), 2009 stats., is revoked, or if the person becomes ineligible
22for tax benefits under s. 235.395 (3) or s. 238.395 (3), 2013 stats., or s. 560.795 (3),
232009 stats., that person may not claim credits under this subsection for the taxable
24year that includes the day on which the certification is revoked; the taxable year that
25includes the day on which the person becomes ineligible for tax benefits; or

1succeeding taxable years and that person may not carry over unused credits from
2previous years to offset tax under this chapter for the taxable year that includes the
3day on which certification is revoked; the taxable year that includes the day on which
4the person becomes ineligible for tax benefits; or succeeding taxable years.
SB21,2397 5Section 2397. 71.47 (1dx) (d) of the statutes is amended to read:
SB21,988,156 71.47 (1dx) (d) Carry-over precluded. If a person who is entitled under s.
7235.395 (3) or
s. 238.395 (3), 2013 stats., or s. 560.795 (3), 2009 stats., to claim tax
8benefits or certified under s. 235.365 (3), 235.397 (4), 235.398 (3), or 235.3995 (4) or
9s. 238.365 (3), 2013 stats., s. 238.397 (4), 2013 stats., s. 238.398 (3), 2013 stats., or
10s. 238.3995 (4), 2013 stats., or s. 560.765 (3), 2009 stats., s. 560.797 (4), 2009 stats.,
11s. 560.798 (3), 2009 stats., or s. 560.7995 (4), 2009 stats., for tax benefits ceases
12business operations in the development zone during any of the taxable years that
13that zone exists, that person may not carry over to any taxable year following the
14year during which operations cease any unused credits from the taxable year during
15which operations cease or from previous taxable years.
SB21,2398 16Section 2398. 71.47 (1dx) (e) of the statutes is renumbered 71.47 (1dx) (e) 1.
17and amended to read:
SB21,988,2218 71.47 (1dx) (e) 1. Section 71.28 (4) (e) to (h), as it applies to the credit under
19s. 71.28 (4), applies to the credit under this subsection. Subsection (1dj) (c), as it
20applies to the credit under sub. (1dj), applies to the credit under this subsection.

21Claimants shall include with their returns a copy of their certification for tax benefits
22and a copy of the department of commerce's verification of their expenses.
SB21,2399 23Section 2399. 71.47 (1dx) (e) 2. of the statutes is created to read:
SB21,989,724 71.47 (1dx) (e) 2. The credit under this subsection may not be claimed by
25partnerships, limited liability companies and tax-option corporations but the

1eligibility for, and the amount of, that credit shall be determined on the basis of their
2economic activity, not that of their shareholders, partners or members. The
3corporation, partnership or limited liability company shall compute the amount of
4credit that may be claimed by each of its shareholders, partners or members and
5shall provide that information to each of its shareholders, partners or members.
6That credit may be claimed by partners, members of limited liability companies and
7shareholders of tax-option corporations in proportion to their ownership interests.
SB21,2400 8Section 2400. 71.47 (1dy) (a) of the statutes is amended to read:
SB21,989,129 71.47 (1dy) (a) Definition. In this subsection, "claimant" means a person who
10files a claim under this subsection and is certified under s. 235.301 (2) or s. 238.301
11(2), 2013 stats., or s. 560.701 (2), 2009 stats., and authorized to claim tax benefits
12under s. 235.303 or s. 238.303, 2013 stats., or s. 560.703, 2009 stats.
SB21,2401 13Section 2401. 71.47 (1dy) (b) of the statutes is amended to read:
SB21,989,1914 71.47 (1dy) (b) Filing claims. Subject to the limitations under this subsection
15and ss. 235.301 to 235.306 or ss. 238.301 to 238.306 , 2013 stats., or s. 560.701 to
16560.706, 2009 stats., for taxable years beginning after December 31, 2008, and before
17January 1, 2016,
a claimant may claim as a credit against the tax imposed under s.
1871.43, up to the amount of the tax, the amount authorized for the claimant under s.
19235.303 or
s. 238.303, 2013 stats., or s. 560.703, 2009 stats.
SB21,2402 20Section 2402. 71.47 (1dy) (c) 1. of the statutes is amended to read:
SB21,989,2521 71.47 (1dy) (c) 1. No credit may be allowed under this subsection unless the
22claimant includes with the claimant's return a copy of the claimant's certification
23under s. 235.301 (2) or s. 238.301 (2), 2013 stats., or s. 560.701 (2), 2009 stats., and
24a copy of the claimant's notice of eligibility to receive tax benefits under s. 235.303
25(3) or
s. 238.303 (3), 2013 stats., or s. 560.703 (3), 2009 stats.
SB21,2403
1Section 2403. 71.47 (1dy) (c) 2. of the statutes is amended to read:
SB21,990,102 71.47 (1dy) (c) 2. Partnerships, limited liability companies, and tax-option
3corporations may not claim the credit under this subsection, but the eligibility for,
4and the amount of, the credit are based on their authorization to claim tax benefits
5under s. 235.303 or s. 238.303, 2013 stats., or s. 560.703, 2009 stats. A partnership,
6limited liability company, or tax-option corporation shall compute the amount of
7credit that each of its partners, members, or shareholders may claim and shall
8provide that information to each of them. Partners, members of limited liability
9companies, and shareholders of tax-option corporations may claim the credit in
10proportion to their ownership interests.
SB21,2404 11Section 2404. 71.47 (1dy) (d) 2. of the statutes is amended to read:
SB21,990,2112 71.47 (1dy) (d) 2. If a claimant's certification is revoked under s. 235.305 or s.
13238.305, 2013 stats., or s. 560.705, 2009 stats., or if a claimant becomes ineligible for
14tax benefits under s. 235.302 or s. 238.302, 2013 stats., or s. 560.702, 2009 stats., the
15claimant may not claim credits under this subsection for the taxable year that
16includes the day on which the certification is revoked; the taxable year that includes
17the day on which the claimant becomes ineligible for tax benefits; or succeeding
18taxable years and the claimant may not carry over unused credits from previous
19years to offset the tax imposed under s. 71.43 for the taxable year that includes the
20day on which certification is revoked; the taxable year that includes the day on which
21the claimant becomes ineligible for tax benefits; or succeeding taxable years.
SB21,2405 22Section 2405. 71.47 (1dy) (d) 4. of the statutes is created to read:
SB21,990,2523 71.47 (1dy) (d) 4. Credits claimed under this subsection for taxable years
24beginning after December 31, 2008, and before January 1, 2016, may be carried
25forward for taxable years beginning after December 31, 2015.
SB21,2406
1Section 2406. 71.47 (3g) (a) (intro.) of the statutes is amended to read:
SB21,991,72 71.47 (3g) (a) (intro.) Subject to the limitations under this subsection and ss.
373.03 (35m) and 235.23 and s. 238.23, 2013 stats., and s. 560.96, 2009 stats., a
4business that is certified under s. 235.23 (3) or s. 238.23 (3), 2013 stats., or s. 560.96
5(3), 2009 stats., may claim as a credit against the taxes imposed under s. 71.43 an
6amount equal to the sum of the following, as established under s. 235.23 (3) (c) or s.
7238.23 (3) (c), 2013 stats., or s. 560.96 (3) (c), 2009 stats.:
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