LRBs0097/1
JK:wlj
2023 - 2024 LEGISLATURE
ASSEMBLY SUBSTITUTE AMENDMENT 1,
TO ASSEMBLY BILL 272
September 8, 2023 - Offered by Representative Summerfield.
AB272-ASA1,1,4
1An Act to create 71.05 (1) (j), 71.26 (1) (j), 71.34 (1k) (q) and 71.45 (1) (dp) of the
2statutes;
relating to: an income and franchise tax exemption for broadband
3expansion grants and for federal high-cost program funding for broadband
4expansion.
Analysis by the Legislative Reference Bureau
This bill exempts from state income and franchise taxes income received in the
form of a grant issued by this state; a city, village, town, or county of this state; a tribal
government in this state; or the federal government for broadband expansion in this
state. The bill also exempts from income and franchise taxes income received in the
form of funding from the federal government for any high-cost universal service
funding for broadband expansion. Current law provides an income and franchise tax
exemption for income received in the form of allocations issued by this state with
moneys received from the federal coronavirus relief fund to be used for broadband
expansion. The bill prohibits claiming the exemptions under the bill and the
exemption under current law for the same grant.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB272-ASA1,1
1Section
1. 71.05 (1) (j) of the statutes is created to read:
AB272-ASA1,2,72
71.05
(1) (j)
Grants and high-cost universal service funding for broadband
3expansion. 1. Income received in the form of a grant issued by this state; a political
4subdivision, as defined in s. 16.99 (3d), of this state; a tribal government in this state;
5or the federal government; or an authorized representative of the state, political
6subdivision, tribal government, or federal government; for broadband expansion in
7this state.
AB272-ASA1,2,108
2. Income received in the form of funding from any high-cost program
9established by the federal communications commission under
47 USC 254, and the
10regulations issued under that section, for broadband expansion in this state.
AB272-ASA1,2,1211
3. No person may claim the exemptions under this paragraph for amounts
12claimed as an exemption under par. (h) 1.
AB272-ASA1,2
13Section
2. 71.26 (1) (j) of the statutes is created to read:
AB272-ASA1,2,1914
71.26
(1) (j)
Grants and high-cost universal service funding for broadband
15expansion. 1. Income received in the form of a grant issued by this state; a political
16subdivision, as defined in s. 16.99 (3d), of this state; a tribal government in this state;
17or the federal government; or an authorized representative of the state, political
18subdivision, tribal government, or federal government; for broadband expansion in
19this state.
AB272-ASA1,2,2220
2. Income received in the form of funding from any high-cost program
21established by the federal communications commission under
47 USC 254, and the
22regulations issued under that section, for broadband expansion in this state.
AB272-ASA1,2,2423
3. No person may claim the exemptions under this paragraph for amounts
24claimed as an exemption under sub. (3) (ag) 2. a.
AB272-ASA1,3
25Section
3. 71.34 (1k) (q) of the statutes is created to read:
AB272-ASA1,3,5
171.34
(1k) (q) 1. A deduction shall be allowed for the amount of income received
2in the form of a grant issued by this state; a political subdivision, as defined in s. 16.99
3(3d), of this state; a tribal government in this state; or the federal government; or an
4authorized representative of the state, political subdivision, tribal government, or
5federal government; for broadband expansion in this state.
AB272-ASA1,3,96
2. A deduction shall be allowed for the amount of income received in the form
7of funding from any high-cost program established by the federal communications
8commission under
47 USC 254, and the regulations issued under that section, for
9broadband expansion in this state.
AB272-ASA1,3,1110
3. No person may claim the deductions under this paragraph for amounts
11claimed as an exemption under par. (af) 1.
AB272-ASA1,4
12Section
4. 71.45 (1) (dp) of the statutes is created to read:
AB272-ASA1,3,1713
71.45
(1) (dp)
1. Income received in the form of a grant issued by this state; a
14political subdivision, as defined in s. 16.99 (3d), of this state; a tribal government in
15this state; or the federal government; or an authorized representative of the state,
16political subdivision, tribal government, or federal government; for broadband
17expansion in this state.
AB272-ASA1,3,2018
2. Income received in the form of funding from any high-cost program
19established by the federal communications commission under
47 USC 254, and the
20regulations issued under that section, for broadband expansion in this state.
AB272-ASA1,3,2221
3. No person may claim the exemptions under this paragraph for amounts
22claimed as an exemption under par. (d) 1.
AB272-ASA1,4,2
1(1)
Grants and high-cost program funding for broadband expansion. This act
2first applies to taxable years beginning after December 31, 2022.
