This is the preview version of the Wisconsin State Legislature site.
Please see http://docs.legis.wisconsin.gov for the production version.
SB70-SSA2-SA1,593,2017 3. Annually, an account holder shall submit to the department with his or her
18income tax return, on forms prepared by the department, information regarding the
19account created under par. (b) 1. The information submitted shall include all of the
20following:
SB70-SSA2-SA1,593,2221 a. A list of transactions in the account during the taxable year to which the
22return relates, including the beginning and ending balances of the account.
SB70-SSA2-SA1,593,2323 b. The 1099 form issued by the financial institution that relates to the account.
SB70-SSA2-SA1,593,2524 c. A list of eligible costs, and other costs, for which funds from the account were
25withdrawn during the taxable year to which the return relates.
SB70-SSA2-SA1,594,5
14. An account holder may withdraw funds from an account created under par.
2(b) 1. with no penalty due under s. 71.83 (1) (ch) and no responsibility to make an
3addition under s. 71.05 (6) (a) 30. if he or she immediately transfers the funds to a
4different financial institution and deposits the funds into an account created under
5par. (b) 1. at that financial institution.
SB70-SSA2-SA1,594,86 (d) Limitations on accounts, dissolution. 1. An account holder may not claim
7a subtraction under s. 71.05 (6) (b) 57. for more than a total of $50,000 of deposits into
8any account created under par. (b) 1. for each beneficiary.
SB70-SSA2-SA1,594,119 2. An account holder shall dissolve an account created under par. (b) 1. no later
10than 120 months after it is created. The financial institution shall distribute any
11funds in the account at dissolution to the account holder.
SB70-SSA2-SA1,594,1412 3. If an account holder dies while funds remain in an account created under par.
13(b) 1., the account shall be dissolved and the financial institution shall distribute the
14funds to the account holder's estate.
SB70-SSA2-SA1,594,1515 (e) Department responsibilities. The department shall:
SB70-SSA2-SA1,594,1816 1. Prepare and distribute any forms that an account holder is required to
17submit under par. (c) 3. and any other forms necessary to administer this subsection
18and the adjustments to income under s. 71.05 (6) (a) 30. and (b) 57.
SB70-SSA2-SA1,594,2019 2. Prepare and distribute to financial institutions and potential home buyers
20informational materials about the accounts described in this subsection.
SB70-SSA2-SA1,1248 21Section 1248. 71.83 (1) (ch) of the statutes is created to read:
SB70-SSA2-SA1,595,322 71.83 (1) (ch) First-time home buyer savings account withdrawals. If an
23account holder, as defined under s. 71.10 (10) (a) 1., or an account holder's estate is
24required to add any amount to federal adjusted gross income under s. 71.05 (6) (a)
2530., the account holder or the account holder's estate shall also pay an amount equal

1to 10 percent of the amount that is added to income under s. 71.05 (6) (a) 30. The
2department of revenue shall assess, levy, and collect the penalty under this
3paragraph as it assesses, levies, and collects taxes under this chapter.
SB70-SSA2-SA1,9337 4Section 9337. Initial applicability; Revenue.
SB70-SSA2-SA1,595,75 (6s) First-time home buyer savings account. The treatment of ss. 71.05 (6) (a)
630. and (b) 57., 71.10 (4) (k) and (10), and 71.83 (1) (ch) first applies to taxable years
7beginning on January 1, 2023.”.
SB70-SSA2-SA1,595,8 8206. Page 374, line 11: after that line insert:
SB70-SSA2-SA1,595,9 9 Section 1. 71.98 (1) (c) of the statutes is created to read:
SB70-SSA2-SA1,595,1110 71.98 (1) (c) Consolidated Appropriations Act of 2023. For taxable years
11beginning after December 31, 2022, division T of P.L. 117-328.”.
SB70-SSA2-SA1,595,12 12207. Page 374, line 11: after that line insert:
SB70-SSA2-SA1,595,13 13 Section 1249. 71.07 (8b) (a) 5. of the statutes is amended to read:
SB70-SSA2-SA1,595,1814 71.07 (8b) (a) 5. “Credit period” means the period of 6 10 taxable years
15beginning with the taxable year in which a qualified development is placed in
16service. For purposes of this subdivision, if a qualified development consists of more
17than one building, the qualified development is placed in service in the taxable year
18in which the last building of the qualified development is placed in service.
SB70-SSA2-SA1,1250 19Section 1250. 71.07 (8b) (a) 7. of the statutes is amended to read:
SB70-SSA2-SA1,596,520 71.07 (8b) (a) 7. “Qualified development” means a qualified low-income
21housing project under section 42 (g) of the Internal Revenue Code that is financed
22with tax-exempt bonds, pursuant to section 42 (i) (2) described in section 42 (h) (4)
23(A)
of the Internal Revenue Code, allocated the credit under section 42 of the Internal
24Revenue Code,
and located in this state; except that the authority may waive, in the

1qualified allocation plan under section 42 (m) (1) (B) of the Internal Revenue Code,
2the requirements of tax-exempt bond financing and federal credit allocation to the
3extent the authority anticipates that sufficient volume cap under section 146 of the
4Internal Revenue Code will not be available to finance low-income housing projects
5in any year
.
SB70-SSA2-SA1,1251 6Section 1251. 71.28 (8b) (a) 5. of the statutes is amended to read:
SB70-SSA2-SA1,596,117 71.28 (8b) (a) 5. “Credit period” means the period of 6 10 taxable years
8beginning with the taxable year in which a qualified development is placed in
9service. For purposes of this subdivision, if a qualified development consists of more
10than one building, the qualified development is placed in service in the taxable year
11in which the last building of the qualified development is placed in service.
SB70-SSA2-SA1,1252 12Section 1252. 71.28 (8b) (a) 7. of the statutes is amended to read:
SB70-SSA2-SA1,596,2213 71.28 (8b) (a) 7. “Qualified development” means a qualified low-income
14housing project under section 42 (g) of the Internal Revenue Code that is financed
15with tax-exempt bonds, pursuant to section 42 (i) (2) described in section 42 (h) (4)
16(A)
of the Internal Revenue Code, allocated the credit under section 42 of the Internal
17Revenue Code,
and located in this state; except that the authority may waive, in the
18qualified allocation plan under section 42 (m) (1) (B) of the Internal Revenue Code,
19the requirements of tax-exempt bond financing and federal credit allocation to the
20extent the authority anticipates that sufficient volume cap under section 146 of the
21Internal Revenue Code will not be available to finance low-income housing projects
22in any year
.
SB70-SSA2-SA1,1253 23Section 1253. 71.47 (8b) (a) 5. of the statutes is amended to read:
SB70-SSA2-SA1,597,324 71.47 (8b) (a) 5. “Credit period” means the period of 6 10 taxable years
25beginning with the taxable year in which a qualified development is placed in

1service. For purposes of this subdivision, if a qualified development consists of more
2than one building, the qualified development is placed in service in the taxable year
3in which the last building of the qualified development is placed in service.
SB70-SSA2-SA1,1254 4Section 1254. 71.47 (8b) (a) 7. of the statutes is amended to read:
SB70-SSA2-SA1,597,145 71.47 (8b) (a) 7. “Qualified development” means a qualified low-income
6housing project under section 42 (g) of the Internal Revenue Code that is financed
7with tax-exempt bonds, pursuant to section 42 (i) (2) described in section 42 (h) (4)
8(A)
of the Internal Revenue Code, allocated the credit under section 42 of the Internal
9Revenue Code,
and located in this state; except that the authority may waive, in the
10qualified allocation plan under section 42 (m) (1) (B) of the Internal Revenue Code,
11the requirements of tax-exempt bond financing and federal credit allocation to the
12extent the authority anticipates that sufficient volume cap under section 146 of the
13Internal Revenue Code will not be available to finance low-income housing projects
14in any year
.
SB70-SSA2-SA1,1255 15Section 1255. 76.639 (1) (e) of the statutes is amended to read:
SB70-SSA2-SA1,597,2016 76.639 (1) (e) “Credit period” means the period of 6 10 taxable years beginning
17with the taxable year in which a qualified development is placed in service. For
18purposes of this paragraph, if a qualified development consists of more than one
19building, the qualified development is placed in service in the taxable year in which
20the last building of the qualified development is placed in service.
SB70-SSA2-SA1,1256 21Section 1256. 76.639 (1) (g) of the statutes is amended to read:
SB70-SSA2-SA1,598,622 76.639 (1) (g) “Qualified development” means a qualified low-income housing
23project under section 42 (g) of the Internal Revenue Code that is financed with
24tax-exempt bonds, pursuant to section 42 (i) (2) described in section 42 (h) (4) (A) of
25the Internal Revenue Code, allocated the credit under section 42 of the Internal

1Revenue Code,
and located in this state; except that the authority may waive, in the
2qualified allocation plan under section 42 (m) (1) (B) of the Internal Revenue Code,
3the requirements of tax-exempt bond financing and federal credit allocation to the
4extent the authority anticipates that sufficient volume cap under section 146 of the
5Internal Revenue Code will not be available to finance low-income housing projects
6in any year
.
SB70-SSA2-SA1,1257 7Section 1257. 234.45 (1) (c) of the statutes is amended to read:
SB70-SSA2-SA1,598,128 234.45 (1) (c) “Credit period” means the period of 6 10 taxable years beginning
9with the taxable year in which a qualified development is placed in service. For
10purposes of this paragraph, if a qualified development consists of more than one
11building, the qualified development is placed in service in the taxable year in which
12the last building of the qualified development is placed in service.
SB70-SSA2-SA1,1258 13Section 1258. 234.45 (1) (e) of the statutes is amended to read:
SB70-SSA2-SA1,598,2314 234.45 (1) (e) “Qualified development” means a qualified low-income housing
15project under section 42 (g) of the Internal Revenue Code that is financed with
16tax-exempt bonds, pursuant to section 42 (i) (2) described in section 42 (h) (4) (A) of
17the Internal Revenue Code, allocated the credit under section 42 of the Internal
18Revenue Code,
and located in this state; except that the authority may waive, in the
19qualified allocation plan under section 42 (m) (1) (B) of the Internal Revenue Code,
20the requirements of tax-exempt bond financing and federal credit allocation to the
21extent the authority anticipates that sufficient volume cap under section 146 of the
22Internal Revenue Code will not be available to finance low-income housing projects
23in any year
.
SB70-SSA2-SA1,1259 24Section 1259. 234.45 (4) of the statutes is amended to read:
SB70-SSA2-SA1,599,7
1234.45 (4) Allocation limits. In any calendar year, the aggregate amount of
2all state tax credits for which the authority certifies persons in allocation certificates
3issued under sub. (3) in that year may not exceed $42,000,000 $100,000,000,
4including all amounts each person is eligible to claim for each year of the credit
5period, plus the total amount of all unallocated state tax credits from previous
6calendar years and plus the total amount of all previously allocated state tax credits
7that have been revoked or cancelled or otherwise recovered by the authority.”.
SB70-SSA2-SA1,599,8 8208. Page 374, line 11: after that line insert:
SB70-SSA2-SA1,599,9 9 Section 1260. 77.51 (3h) of the statutes is created to read:
SB70-SSA2-SA1,599,1110 77.51 (3h) “Diaper” means an absorbent garment worn by humans who are
11incapable of, or have difficulty controlling their bladder or bowel movements.
SB70-SSA2-SA1,1261 12Section 1261. 77.51 (3pq) of the statutes is created to read:
SB70-SSA2-SA1,599,1613 77.51 (3pq) “Feminine hygiene products” means tampons, panty liners,
14menstrual cups, sanitary napkins, and other similar tangible personal property
15designed for feminine hygiene in connection with the human menstrual cycle.
16“Feminine hygiene products” do not include grooming and hygiene products.
SB70-SSA2-SA1,1262 17Section 1262. 77.51 (4f) of the statutes is created to read:
SB70-SSA2-SA1,599,2018 77.51 (4f) “Grooming and hygiene products” means soaps and cleaning
19solutions, shampoo, toothpaste, mouthwash, antiperspirants, and suntan lotions
20and screens.
SB70-SSA2-SA1,1263 21Section 1263. 77.52 (13) of the statutes is amended to read:
SB70-SSA2-SA1,600,922 77.52 (13) For the purpose of the proper administration of this section and to
23prevent evasion of the sales tax it shall be presumed that all receipts are subject to
24the tax until the contrary is established. The burden of proving that a sale of tangible

1personal property, or items, property, or goods under sub. (1) (b), (c), or (d), or services
2is not a taxable sale at retail is upon the person who makes the sale unless that
3person takes from the purchaser an electronic or a paper certificate, in a manner
4prescribed by the department, to the effect that the property, item, good, or service
5is purchased for resale or is otherwise exempt, except that no certificate is required
6for the sale of tangible personal property, or items, property, or goods under sub. (1)
7(b), (c), or (d), or services that are exempt under s. 77.54 (5) (a) 3., (7), (7m), (8), (10),
8(11), (14), (15), (17), (20n), (21), (22b), (31), (32), (35), (36), (37), (42), (44), (45), (46),
9(51), (52), (66), and (67), (71), (72), and (73).
SB70-SSA2-SA1,1264 10Section 1264. 77.53 (10) of the statutes is amended to read:
SB70-SSA2-SA1,600,2411 77.53 (10) For the purpose of the proper administration of this section and to
12prevent evasion of the use tax and the duty to collect the use tax, it is presumed that
13tangible personal property, or items, property, or goods under s. 77.52 (1) (b), (c), or
14(d), or taxable services sold by any person for delivery in this state is sold for storage,
15use, or other consumption in this state until the contrary is established. The burden
16of proving the contrary is upon the person who makes the sale unless that person
17takes from the purchaser an electronic or paper certificate, in a manner prescribed
18by the department, to the effect that the property, or items, property, or goods under
19s. 77.52 (1) (b), (c), or (d), or taxable service is purchased for resale, or otherwise
20exempt from the tax, except that no certificate is required for the sale of tangible
21personal property, or items, property, or goods under s. 77.52 (1) (b), (c), or (d), or
22services that are exempt under s. 77.54 (7), (7m), (8), (10), (11), (14), (15), (17), (20n),
23(21), (22b), (31), (32), (35), (36), (37), (42), (44), (45), (46), (51), (52), and (67), (71), (72)
24and (73)
.
SB70-SSA2-SA1,1265 25Section 1265. 77.54 (71) of the statutes is created to read:
SB70-SSA2-SA1,601,2
177.54 (71) The sales price from the sale of and the storage, use, or other
2consumption of diapers and feminine hygiene products.
SB70-SSA2-SA1,1266 3Section 1266. 77.54 (72) of the statutes is created to read:
SB70-SSA2-SA1,601,64 77.54 (72) The sales price from the sale of and the storage, use, or other
5consumption of breast pumps, breast pump kits, and breast pump storage and
6collection supplies.
SB70-SSA2-SA1,1267 7Section 1267. 77.54 (73) of the statutes is created to read:
SB70-SSA2-SA1,601,108 77.54 (73) (a) The sales price from the sale of and the storage, use, or other
9consumption of gun safes that are specifically designed for the storage of guns, but
10not other items used for gun storage, such as locking gun cabinets and racks.
SB70-SSA2-SA1,601,1211 (b) The sales price from the sale of and the storage, use, or other consumption
12of trigger locks and gun barrel locks.”.
SB70-SSA2-SA1,601,13 13209. Page 374, line 11: after that line insert:
SB70-SSA2-SA1,601,14 14 Section 1. 71.98 (10) of the statutes is created to read:
SB70-SSA2-SA1,601,1615 71.98 (10) 529 accounts. For taxable years beginning after December 31, 2022,
16section 529 of the Internal Revenue Code, relating to qualified tuition programs.”.
SB70-SSA2-SA1,601,17 17210. Page 374, line 11: after that line insert:
SB70-SSA2-SA1,601,18 18 Section 1268. 77.54 (56) (a) of the statutes is repealed.
SB70-SSA2-SA1,1269 19Section 1269. 77.54 (56) (ad) of the statutes is created to read:
SB70-SSA2-SA1,602,620 77.54 (56) (ad) 1. The sales price from the sale of and the storage, use, or other
21consumption of a solar power system or wind energy system that produces usable
22electrical or heat energy directly from the sun or wind, if the system is capable of
23continuously producing at least 200 watts of alternating current or 600 British
24thermal units. A solar power system or wind energy system described under this

1subdivision includes tangible personal property sold with the system that is used
2primarily to store or facilitate the storage of the electrical or heat energy produced
3by the system, but does not include an uninterruptible power source that is designed
4primarily for computers. The exemption under this subdivision does not apply to
5tangible personal property designed for any use other than for a solar power system
6or wind energy system described in this subdivision.
SB70-SSA2-SA1,602,177 2. The sales price from the sale of and the storage, use, or other consumption
8of a waste energy system that produces usable electrical or heat energy directly from
9gas generated from anaerobic digestion of animal manure and other agricultural
10waste if the system is capable of continuously producing at least 200 watts of
11alternating current or 600 British thermal units. A system described under this
12subdivision includes tangible personal property sold with the system that is used
13primarily to store or facilitate the storage of the electrical or heat energy produced
14by the system, but does not include an uninterruptible power source that is designed
15primarily for computers. The exemption under this subdivision does not apply to
16tangible personal property designed for any use other than for a waste energy system
17described in this subdivision.
SB70-SSA2-SA1,1270 18Section 1270. 77.54 (56) (b) of the statutes is amended to read:
SB70-SSA2-SA1,602,2219 77.54 (56) (b) Except for the sale of electricity or energy that is exempt from
20taxation under sub. (30), beginning on July 1, 2011, the sales price from the sale of
21and the storage, use, or other consumption of electricity or heat energy produced by
22a product system described under par. (a) (ad).”.
SB70-SSA2-SA1,602,23 23211. Page 374, line 11: after that line insert:
SB70-SSA2-SA1,602,24 24 Section 1271. 77.51 (11d) of the statutes is amended to read:
SB70-SSA2-SA1,603,4
177.51 (11d) For purposes of subs. (1ag), (1f), (3pf), (7j), and (9p), and (17g) and
2ss. 77.52 (20) and (21), 77.522, 77.54 (9g), (51), (52), and (60), and 77.59 (5r), “product"
3includes tangible personal property, and items, property, and goods under s. 77.52
4(1) (b), (c), and (d), and services.
SB70-SSA2-SA1,1272 5Section 1272. 77.51 (17g) of the statutes is created to read:
SB70-SSA2-SA1,603,76 77.51 (17g) “Separate and optional fee” means a fee charged to receive a
7distinct and identifiable product if either of the following applies:
SB70-SSA2-SA1,603,128 (a) The fee is in addition to fees that the seller charges for other distinct and
9identifiable products sold to the same buyer, the fee is separately set forth on the
10invoice given by the seller to the buyer, and the seller does not require the buyer to
11pay the fee if the buyer chooses not to receive the additional distinct and identifiable
12product for which the fee applies.
SB70-SSA2-SA1,603,1913 (b) The seller charges a single amount for multiple distinct and identifiable
14products and offers the buyer the option of paying a lower amount if the buyer
15chooses not to receive one or more of the distinct and identifiable products. For
16purposes of this paragraph, the separate and optional fee is the single amount the
17seller charges for the multiple distinct and identifiable products less the reduced
18amount the seller charges to the buyer because the buyer chooses not to receive one
19or more of the products.
SB70-SSA2-SA1,1273 20Section 1273. 77.52 (2) (a) 20. of the statutes is amended to read:
SB70-SSA2-SA1,604,321 77.52 (2) (a) 20. The sale of landscaping and lawn maintenance services
22including landscape planning and counseling, lawn and garden services such as
23planting, mowing, spraying and fertilizing, and shrub and tree services. For
24purposes of this subdivision, landscaping and lawn maintenance services do not
25include planning and counseling services for the restoration, reclamation, or

1revitalization of prairie, savanna, or wetlands to improve biodiversity, the quality of
2land, soils, or water, or other ecosystem functions if the planning and counseling
3services are provided for a separate and optional fee from any other services.
SB70-SSA2-SA1,1274 4Section 1274. 77.52 (2m) (a) of the statutes is amended to read:
SB70-SSA2-SA1,604,95 77.52 (2m) (a) With respect to the services subject to tax under sub. (2), no part
6of the charge for the service may be deemed a sale or rental of tangible personal
7property or items, property, or goods under sub. (1) (b), (c), or (d) if the property, items,
8or goods transferred by the service provider are incidental to the selling, performing
9or furnishing of the service, except as provided in par. pars. (b) and (c).
SB70-SSA2-SA1,1275 10Section 1275. 77.52 (2m) (c) of the statutes is created to read:
SB70-SSA2-SA1,604,1811 77.52 (2m) (c) With respect to services subject to tax under sub. (2) (a) 7., 10.,
1211., and 20. that are provided for a separate and optional fee from the planning and
13counseling services described under sub. (2) (a) 20., all tangible personal property or
14items, property, or goods under sub. (1) (b), (c), or (d) physically transferred, or
15transferred electronically, to the customer in conjunction with the provision of the
16services subject to tax under sub. (2) (a) 7., 10., 11., and 20. is a sale of tangible
17personal property or items, property, or goods separate from the selling, performing,
18or furnishing of the services.”.
SB70-SSA2-SA1,604,19 19212. Page 374, line 11: after that line insert:
SB70-SSA2-SA1,604,20 20 Section 1276. 77.25 (15) of the statutes is amended to read:
SB70-SSA2-SA1,605,221 77.25 (15) Between a corporation and its shareholders if all of the stock is
22owned by persons who are related to each other as spouses, as lineal ascendants,
23lineal descendants, an uncle and his nieces or nephews, an aunt and her nieces or
24nephews, first cousins,
or siblings, whether by blood or by adoption, or as spouses of

1siblings, if the transfer is for no consideration except the assumption of debt or stock
2of the corporation and if the corporation owned the property for at least 3 years.
SB70-SSA2-SA1,1277 3Section 1277. 77.25 (15m) of the statutes is amended to read:
SB70-SSA2-SA1,605,94 77.25 (15m) Between a partnership and one or more of its partners if all of the
5partners are related to each other as spouses, as lineal ascendants, lineal
6descendants, an uncle and his nieces or nephews, an aunt and her nieces or nephews,
7first cousins,
or siblings, whether by blood or by adoption, or as spouses of siblings
8and if the transfer is for no consideration other than the assumption of debt or an
9interest in the partnership.
SB70-SSA2-SA1,1278 10Section 1278. 77.25 (15s) of the statutes is amended to read:
SB70-SSA2-SA1,605,1611 77.25 (15s) Between a limited liability company and one or more of its members
12if all of the members are related to each other as spouses, as lineal ascendants, lineal
13descendants, an uncle and his nieces or nephews, an aunt and her nieces or nephews,
14first cousins,
or siblings, whether by blood or by adoption, or as spouses of siblings
15and if the transfer is for no consideration other than the assumption of debt or an
16interest in the limited liability company.
Loading...
Loading...