SB70-AA1,520,2110
139.76
(1) An excise tax is imposed upon the sale, offering or exposing for sale,
11possession with intent to sell or removal for consumption or sale or other disposition
12for any purpose of tobacco products by any person engaged as a distributor of them
13at the rate, for tobacco products, not including moist snuff and
vapor products little
14cigars, of 71 percent of the manufacturer's list price and, for moist snuff, at the rate
15of 100 percent of the manufacturer's list price. The tax imposed under this
16subsection on cigars
, except little cigars, shall not exceed an amount equal to 50 cents
17for each cigar. The tax attaches at the time the tobacco products are received by the
18distributor in this state. The tax shall be passed on to the ultimate consumer of the
19tobacco products. All tobacco products received in this state for sale or distribution
20within this state, except tobacco products actually sold as provided in sub. (2), shall
21be subject to such tax.
SB70-AA1,7
22Section 7. 139.76 (1b) of the statutes is created to read:
SB70-AA1,521,423
139.76
(1b) The tax under sub. (1) is imposed on little cigars at the rate of 126
24mills on each little cigar, regardless of weight. To evidence payment of the tax
25imposed under this section on little cigars, the department shall provide stamps. A
1person who has paid the tax shall affix stamps of the proper denomination to each
2package in which little cigars are packed, prior to the first sale within this state.
3Section 139.32 as it applies to the tax under s. 139.31 applies to the tax imposed
4under this section on little cigars.
SB70-AA1,8
5Section 8. 139.78 (1) of the statutes is amended to read:
SB70-AA1,521,146
139.78
(1) A tax is imposed upon the use or storage by consumers of tobacco
7products in this state at the rate, for tobacco products, not including moist snuff and
8vapor products, of 71 percent of the
cost of the tobacco products manufacturer's list
9price and, for moist snuff, at the rate of 100 percent of the manufacturer's
established 10list price
to distributors without diminution by volume or other discounts on
11domestic products. The tax imposed under this subsection on cigars shall not exceed
12an amount equal to 50 cents for each cigar. The tax does not apply if the tax imposed
13by s. 139.76 (1) on the tobacco products has been paid or if the tobacco products are
14exempt from the tobacco products tax under s. 139.76 (2).
SB70-AA1,9u
15Section 9u. 139.78 (1) of the statutes, as affected by 2023 Wisconsin Act ....
16(this act), is amended to read:
SB70-AA1,521,2417
139.78
(1) A tax is imposed upon the use or storage by consumers of tobacco
18products in this state at the rate, for tobacco products, not including moist snuff and
19vapor products little cigars, of 71 percent of the manufacturer's list price and, for
20moist snuff, at the rate of 100 percent of the manufacturer's list price. The tax
21imposed under this subsection on cigars
, except little cigars, shall not exceed an
22amount equal to 50 cents for each cigar. The tax does not apply if the tax imposed
23by s. 139.76 (1) on the tobacco products has been paid or if the tobacco products are
24exempt from the tobacco products tax under s. 139.76 (2).
SB70-AA1,10
25Section 10. 139.78 (1b) of the statutes is created to read:
SB70-AA1,522,5
1139.78
(1b) A tax is imposed and levied upon the use or storage of little cigars
2in this state by any person for any purpose. The tax is levied and shall be collected
3at the same rate as provided for in s. 139.76 (1b). The tax under this subsection does
4not apply if the tax imposed by s. 139.76 (1) has been paid or if the little cigars are
5exempt from tax under s. 139.76 (2).
SB70-AA1,11
6Section 11. 139.83 of the statutes is renumbered 139.83 (1).
SB70-AA1,12
7Section 12. 139.83 (2) of the statutes is created to read:
SB70-AA1,522,118
139.83
(2) Sections 139.315, 139.32, 139.321, 139.322, 139.34, 139.35, 139.36,
9139.362, 139.363, 139.38, 139.395, 139.41, 139.42, 139.43, and 139.44 (8), as they
10apply to the taxes under subch. II, apply to the administration and enforcement of
11this subchapter for little cigars.
SB70-AA1,522,1613
(1)
Little cigars. The treatment of ss. 139.44 (4), 139.75 (1m), (4t), and (12),
14139.76 (1) (by
Section 6u) and (1b), and 139.78 (1) (by
Section 9u) and (1b), the
15renumbering of s. 139.83, and the creation of s. 139.83 (2) take effect on the first day
16of the 3rd month beginning after publication.”.
SB70-AA1,522,18
18“
Section
1134. 71.07 (3w) (a) 2m. of the statutes is created to read:
SB70-AA1,522,2019
71.07
(3w) (a) 2m. “Contract” means the contract between the claimant and the
20Wisconsin Economic Development Corporation under s. 238.399.
SB70-AA1,1135
21Section
1135. 71.07 (3w) (a) 6. of the statutes is renumbered 71.07 (3w) (a) 6.
22a. and amended to read:
SB70-AA1,523,223
71.07
(3w) (a) 6. a. “Zone payroll" means the amount of state payroll that is
24attributable to wages paid to full-time employees for services that are performed in
1an enterprise zone.
“Zone Except as provided in subd. 6. b., “zone payroll" does not
2include the amount of wages paid to any full-time employees that exceeds $100,000.
SB70-AA1,1136
3Section
1136. 71.07 (3w) (a) 6. b. of the statutes is created to read:
SB70-AA1,523,64
71.07
(3w) (a) 6. b. For a claimant whose contract is executed after December
531, 2023, “zone payroll" does not include the amount of wages paid to any full-time
6employees that exceeds $141,300.
SB70-AA1,1137
7Section
1137. 71.07 (3w) (b) (intro.) of the statutes is amended to read:
SB70-AA1,523,118
71.07
(3w) (b)
Filing claims under pre-2024 contracts; payroll. (intro.) Subject
9to the limitations provided in this subsection and s. 238.399 or s. 560.799, 2009 stats.,
10a claimant
whose contract is executed prior to January 1, 2024, may claim as a credit
11against the tax imposed under s. 71.02 or 71.08 an amount calculated as follows:
SB70-AA1,1138
12Section
1138. 71.07 (3w) (bd) of the statutes is created to read:
SB70-AA1,523,1613
71.07
(3w) (bd)
Filing claims under post-2023 contracts; payroll. Subject to the
14limitations provided in this subsection and s. 238.399, a claimant whose contract is
15executed after December 31, 2023, may claim as a credit against the tax imposed
16under s. 71.02 an amount calculated as follows:
SB70-AA1,523,1717
1. Determine the amount that is the lesser of:
SB70-AA1,523,2418
a. The number of full-time employees whose annual wages are greater than
19$32,000 in a tier I county or municipality or greater than $42,390 in a tier II county
20or municipality and who the claimant employed in the enterprise zone in the taxable
21year, minus the number of full-time employees whose annual wages were greater
22than $32,000 in a tier I county or municipality or greater than $42,390 in a tier II
23county or municipality and who the claimant employed in the area that comprises
24the enterprise zone in the base year.
SB70-AA1,524,6
1b. The number of full-time employees whose annual wages are greater than
2$32,000 in a tier I county or municipality or greater than $42,390 in a tier II county
3or municipality and who the claimant employed in the state in the taxable year,
4minus the number of full-time employees whose annual wages were greater than
5$32,000 in a tier I county or municipality or greater than $42,390 in a tier II county
6or municipality and who the claimant employed in the state in the base year.
SB70-AA1,524,137
2. Determine the claimant's average zone payroll by dividing total wages for
8full-time employees whose annual wages are greater than $32,000 in a tier I county
9or municipality or greater than $42,390 in a tier II county or municipality and who
10the claimant employed in the enterprise zone in the taxable year by the number of
11full-time employees whose annual wages are greater than $32,000 in a tier I county
12or municipality or greater than $42,390 in a tier II county or municipality and who
13the claimant employed in the enterprise zone in the taxable year.
SB70-AA1,524,1614
3. For employees in a tier I county or municipality, subtract $32,000 from the
15amount determined under subd. 2. and for employees in a tier II county or
16municipality, subtract $42,390 from the amount determined under subd. 2.
SB70-AA1,524,1817
4. Multiply the amount determined under subd. 3. by the amount determined
18under subd. 1.
SB70-AA1,524,2019
5. Multiply the amount determined under subd. 4. by the percentage
20determined by under s. 238.399, not to exceed 7 percent.
SB70-AA1,1139
21Section
1139. 71.07 (3w) (bm) 1. of the statutes is amended to read:
SB70-AA1,525,722
71.07
(3w) (bm) 1. In addition to the credits under
par. pars. (b)
and (bd) and
23subds. 2.
, 3., and 4. to 5., and subject to the limitations provided in this subsection
24and s. 238.399 or s. 560.799, 2009 stats., a claimant may claim as a credit against the
25tax imposed under s. 71.02 or 71.08 an amount equal to a percentage, as determined
1under s. 238.399 or s. 560.799, 2009 stats., not to exceed 100 percent, of the amount
2the claimant paid in the taxable year to upgrade or improve the job-related skills of
3any of the claimant's
full-time employees,
to train any of the claimant's full-time
4employees on the use of job-related new technologies, or to provide job-related
5training to any full-time employee whose employment with the claimant represents
6the employee's first full-time job. This subdivision does not apply to employees who
7do not work in an enterprise zone.
SB70-AA1,1140
8Section
1140. 71.07 (3w) (bm) 2. of the statutes is renumbered 71.07 (3w) (bm)
92. (intro.) and amended to read:
SB70-AA1,525,1310
71.07
(3w) (bm) 2. (intro.) In addition to the credits under
par. pars. (b)
and (bd) 11and subds. 1., 3.,
and 4.,
and 5., and subject to the limitations provided in this
12subsection and s. 238.399 or s. 560.799, 2009 stats., a claimant may claim as a credit
13against the tax imposed under s. 71.02 or 71.08
one of the following amounts:
SB70-AA1,525,25
14a. For a claimant whose contract is executed prior to January 1, 2024, an
15amount equal to the percentage, as determined under s. 238.399 or s. 560.799, 2009
16stats., not to exceed 7 percent, of the claimant's zone payroll paid in the taxable year
17to all of the claimant's full-time employees whose annual wages are greater than the
18amount determined by multiplying 2,080 by 150 percent of the federal minimum
19wage in a tier I county or municipality, not including the wages paid to the employees
20determined under par. (b) 1., or greater than $30,000 in a tier II county or
21municipality, not including the wages paid to the employees determined under par.
22(b) 1., and who the claimant employed in the enterprise zone in the taxable year, if
23the total number of such employees is equal to or greater than the total number of
24such employees in the base year.
A claimant may claim a credit under this
25subdivision for no more than 5 consecutive taxable years.
SB70-AA1,1141
1Section
1141. 71.07 (3w) (bm) 2. b. of the statutes is created to read:
SB70-AA1,526,112
71.07
(3w) (bm) 2. b. For a claimant whose contract is executed after December
331, 2023, an amount equal to the percentage, as determined under s. 238.399, not to
4exceed 7 percent, of the claimant's zone payroll paid in the taxable year to all of the
5claimant's full-time employees whose annual wages are greater than $32,000 in a
6tier I county or municipality, not including the wages paid to the employees
7determined under par. (bd) 1., or greater than $42,390 in a tier II county or
8municipality, not including the wages paid to the employees determined under par.
9(bd) 1., and who the claimant employed in the enterprise zone in the taxable year, if
10the total number of such employees is equal to or greater than the total number of
11such employees in the base year.
SB70-AA1,1142
12Section
1142. 71.07 (3w) (bm) 3. of the statutes is amended to read:
SB70-AA1,526,1813
71.07
(3w) (bm) 3. In addition to the credits under
par. pars. (b)
and (bd) and
14subds. 1., 2.,
and 4.,
and 5., and subject to the limitations provided in this subsection
15and s. 238.399 or s. 560.799, 2009 stats., for taxable years beginning after December
1631, 2008, a claimant may claim as a credit against the tax imposed under s. 71.02 or
1771.08 up to 10 percent of the claimant's significant capital expenditures, as
18determined under s. 238.399 (5m) or s. 560.799 (5m), 2009 stats.
SB70-AA1,1143
19Section
1143. 71.07 (3w) (bm) 4. of the statutes is amended to read:
SB70-AA1,527,320
71.07
(3w) (bm) 4. In addition to the credits under
par. pars. (b)
and (bd) and
21subds. 1., 2.,
and 3.,
and 5., and subject to the limitations provided in this subsection
22and s. 238.399 or s. 560.799, 2009 stats., for taxable years beginning after December
2331, 2009, a claimant may claim as a credit against the tax imposed under s. 71.02 or
2471.08, up to 1 percent of the amount that the claimant paid in the taxable year to
25purchase tangible personal property, items, property, or goods under s. 77.52 (1) (b),
1(c), or (d), or services from Wisconsin vendors, as determined under s. 238.399 (5) (e)
2or s. 560.799 (5) (e), 2009 stats., except that the claimant may not claim the credit
3under this subdivision and subd. 3. for the same expenditures.
SB70-AA1,1144
4Section
1144. 71.07 (3w) (bm) 5. of the statutes is renumbered 71.07 (3w) (bm)
55. (intro.) and amended to read:
SB70-AA1,527,126
71.07
(3w) (bm) 5. (intro.) In addition to the credits under
par. pars. (b)
and (bd) 7and subds. 1. to 4., and subject to the limitations provided in this subsection and s.
8238.399 or s. 560.799, 2009 stats., a claimant that has retained the minimum number
9of full-time employees determined under s. 238.399 (5) (f) and maintained average
10zone payroll for the taxable year equal to or greater than the base year may claim
11as a credit against the tax imposed under s. 71.02 or 71.08
one of the following
12amounts:
SB70-AA1,527,22
13a. For a claimant whose contract is executed prior to January 1, 2024, an
14amount equal to the percentage, as determined by the Wisconsin Economic
15Development Corporation, of the claimant's zone payroll paid in the 12 months prior
16to the certification date to the claimant's full-time employees in the enterprise zone
17whose annual wages are greater than the amount determined by multiplying 2,080
18by 150 percent of the federal minimum wage in a tier I county or municipality or
19greater than $30,000 in a tier II county or municipality.
The amount that the
20claimant may claim as credit under this subdivision for a taxable year shall not
21exceed $2,000,000. A claimant may claim a credit under this subdivision for no more
22than 5 consecutive taxable years.
SB70-AA1,1145
23Section
1145. 71.07 (3w) (bm) 5. b. of the statutes is created to read:
SB70-AA1,528,424
71.07
(3w) (bm) 5. b. For a claimant whose contract is executed after December
2531, 2023, an amount equal to the percentage, as determined by the Wisconsin
1Economic Development Corporation, of the claimant's zone payroll paid in the 12
2months prior to the certification date to the claimant's full-time employees in the
3enterprise zone whose annual wages are greater than $32,000 in a tier I county or
4municipality or greater than $42,390 in a tier II county or municipality.
SB70-AA1,1146
5Section
1146. 71.07 (3w) (c) 5. of the statutes is created to read:
SB70-AA1,528,76
71.07
(3w) (c) 5. A claimant may claim a credit under par. (bm) 2. for no more
7than 5 consecutive taxable years.
SB70-AA1,1147
8Section
1147. 71.07 (3w) (c) 6. of the statutes is created to read:
SB70-AA1,528,119
71.07
(3w) (c) 6. The amount that a claimant may claim as credit under par.
10(bm) 5. for a taxable year may not exceed $2,000,000. A claimant may claim a credit
11under par. (bm) 5. for no more than 5 consecutive taxable years.
SB70-AA1,1148
12Section
1148. 71.07 (3w) (cm) of the statutes is created to read:
SB70-AA1,528,2313
71.07
(3w) (cm)
Inflation adjustments. For taxable years beginning after
14December 31, 2024, the dollar amounts in pars. (a) 6. b., (bd) 1. a. and b., 2., and 3.,
15and (bm) 2. b. and 5. b. shall be increased each year by a percentage equal to the
16percentage change between the U.S. consumer price index for all urban consumers,
17U.S. city average, for the month of August of the previous year and the U.S. consumer
18price index for all urban consumers, U.S. city average, for the month of August of the
19year before the previous year, as determined by the federal department of labor.
20Each amount that is revised under this paragraph shall be rounded to the nearest
21multiple of $10 if the revised amount is not a multiple of $10 or, if the revised amount
22is a multiple of $5, such an amount shall be increased to the next higher multiple of
23$10.
SB70-AA1,1149
24Section
1149. 71.28 (3w) (a) 2m. of the statutes is created to read:
SB70-AA1,529,2
171.28
(3w) (a) 2m. “Contract” means a contract between the claimant and the
2Wisconsin Economic Development Corporation under s. 238.399.
SB70-AA1,1150
3Section
1150. 71.28 (3w) (a) 6. of the statutes is renumbered 71.28 (3w) (a) 6.
4a. and amended to read:
SB70-AA1,529,85
71.28
(3w) (a) 6. a. “Zone payroll" means the amount of state payroll that is
6attributable to wages paid to full-time employees for services that are performed in
7an enterprise zone.
“Zone Except as provided in subd. 6. b., “zone payroll" does not
8include the amount of wages paid to any full-time employees that exceeds $100,000.
SB70-AA1,1151
9Section
1151. 71.28 (3w) (a) 6. b. of the statutes is created to read:
SB70-AA1,529,1210
71.28
(3w) (a) 6. b. For a claimant whose contract is executed after December
1131, 2023, “zone payroll" does not include the amount of wages paid to any full-time
12employees that exceeds $141,300.
SB70-AA1,1152
13Section
1152. 71.28 (3w) (b) (intro.) of the statutes is amended to read:
SB70-AA1,529,1714
71.28
(3w) (b)
Filing claims under pre-2024 contracts; payroll. (intro.) Subject
15to the limitations provided in this subsection and s. 238.399 or s. 560.799, 2009 stats.,
16a claimant
whose contract is executed prior to January 1, 2024, may claim as a credit
17against the tax imposed under s. 71.23 an amount calculated as follows:
SB70-AA1,1153
18Section
1153. 71.28 (3w) (bd) of the statutes is created to read:
SB70-AA1,529,2219
71.28
(3w) (bd)
Filing claims under post-2023 contracts; payroll. Subject to the
20limitations provided in this subsection and s. 238.399, a claimant whose contract is
21executed after December 31, 2023, may claim as a credit against the tax imposed
22under s. 71.23 an amount calculated as follows:
SB70-AA1,529,2323
1. Determine the amount that is the lesser of:
SB70-AA1,530,524
a. The number of full-time employees whose annual wages are greater than
25$32,000 in a tier I county or municipality or greater than $42,390 in a tier II county
1or municipality and who the claimant employed in the enterprise zone in the taxable
2year, minus the number of full-time employees whose annual wages were greater
3than $32,000 in a tier I county or municipality or greater than $42,390 in a tier II
4county or municipality and who the claimant employed in the area that comprises
5the enterprise zone in the base year.
SB70-AA1,530,116
b. The number of full-time employees whose annual wages are greater than
7$32,000 in a tier I county or municipality or greater than $42,390 in a tier II county
8or municipality and who the claimant employed in the state in the taxable year,
9minus the number of full-time employees whose annual wages were greater than
10$32,000 in a tier I county or municipality or greater than $42,390 in a tier II county
11or municipality and who the claimant employed in the state in the base year.
SB70-AA1,530,1812
2. Determine the claimant's average zone payroll by dividing total wages for
13full-time employees whose annual wages are greater than $32,000 in a tier I county
14or municipality or greater than $42,390 in a tier II county or municipality and who
15the claimant employed in the enterprise zone in the taxable year by the number of
16full-time employees whose annual wages are greater than $32,000 in a tier I county
17or municipality or greater than $42,390 in a tier II county or municipality and who
18the claimant employed in the enterprise zone in the taxable year.
SB70-AA1,530,2119
3. For employees in a tier I county or municipality, subtract $32,000 from the
20amount determined under subd. 2. and for employees in a tier II county or
21municipality, subtract $42,390 from the amount determined under subd. 2.
SB70-AA1,530,2322
4. Multiply the amount determined under subd. 3. by the amount determined
23under subd. 1.
SB70-AA1,530,2524
5. Multiply the amount determined under subd. 4. by the percentage
25determined under s. 238.399, not to exceed 7 percent.
SB70-AA1,1154
1Section
1154. 71.28 (3w) (bm) 1. of the statutes is amended to read:
SB70-AA1,531,122
71.28
(3w) (bm) 1. In addition to the credits under
par. pars. (b)
and (bd) and
3subds. 2.
, 3., and 4. to 5., and subject to the limitations provided in this subsection
4and s. 238.399 or s. 560.799, 2009 stats., a claimant may claim as a credit against the
5tax imposed under s. 71.23 an amount equal to a percentage, as determined under
6s. 238.399 or s. 560.799, 2009 stats., not to exceed 100 percent, of the amount the
7claimant paid in the taxable year to upgrade or improve the job-related skills of any
8of the claimant's full-time employees, to train any of the claimant's full-time
9employees on the use of job-related new technologies, or to provide job-related
10training to any full-time employee whose employment with the claimant represents
11the employee's first full-time job. This subdivision does not apply to employees who
12do not work in an enterprise zone.
SB70-AA1,1155
13Section
1155. 71.28 (3w) (bm) 2. of the statutes is renumbered 71.28 (3w) (bm)
142. (intro.) and amended to read:
SB70-AA1,531,1815
71.28
(3w) (bm) 2. (intro.) In addition to the credits under
par. pars. (b)
and (bd) 16and subds. 1., 3.,
and 4.,
and 5., and subject to the limitations provided in this
17subsection and s. 238.399 or s. 560.799, 2009 stats., a claimant may claim as a credit
18against the tax imposed under s. 71.23
one of the following amounts:
SB70-AA1,532,5
19a. For a claimant whose contract is executed prior to January 1, 2024, an
20amount equal to the percentage, as determined under s. 238.399 or s. 560.799, 2009
21stats., not to exceed 7 percent, of the claimant's zone payroll paid in the taxable year
22to all of the claimant's full-time employees whose annual wages are greater than the
23amount determined by multiplying 2,080 by 150 percent of the federal minimum
24wage in a tier I county or municipality, not including the wages paid to the employees
25determined under par. (b) 1., or greater than $30,000 in a tier II county or
1municipality, not including the wages paid to the employees determined under par.
2(b) 1., and who the claimant employed in the enterprise zone in the taxable year, if
3the total number of such employees is equal to or greater than the total number of
4such employees in the base year.
A claimant may claim a credit under this
5subdivision for no more than 5 consecutive taxable years.
SB70-AA1,1156
6Section
1156. 71.28 (3w) (bm) 2. b. of the statutes is created to read:
SB70-AA1,532,167
71.28
(3w) (bm) 2. b. For a claimant whose contract is executed after December
831, 2023, an amount equal to the percentage, as determined under s. 238.399, not to
9exceed 7 percent, of the claimant's zone payroll paid in the taxable year to all of the
10claimant's full-time employees whose annual wages are greater than $32,000 in a
11tier I county or municipality, not including the wages paid to the employees
12determined under par. (bd) 1., or greater than $42,390 in a tier II county or
13municipality, not including the wages paid to the employees determined under par.
14(bd) 1., and who the claimant employed in the enterprise zone in the taxable year, if
15the total number of such employees is equal to or greater than the total number of
16such employees in the base year.
SB70-AA1,1157
17Section
1157. 71.28 (3w) (bm) 3. of the statutes is amended to read:
SB70-AA1,532,2318
71.28
(3w) (bm) 3. In addition to the credits under
par. pars. (b)
and (bd) and
19subds. 1., 2.,
and 4.,
and 5., and subject to the limitations provided in this subsection
20and s. 238.399 or s. 560.799, 2009 stats., for taxable years beginning after December
2131, 2008, a claimant may claim as a credit against the tax imposed under s. 71.23 up
22to 10 percent of the claimant's significant capital expenditures, as determined under
23s. 238.399 (5m) or s. 560.799 (5m), 2009 stats.
SB70-AA1,1158
24Section
1158. 71.28 (3w) (bm) 4. of the statutes is amended to read:
SB70-AA1,533,9
171.28
(3w) (bm) 4. In addition to the credits under
par. pars. (b)
and (bd) and
2subds. 1., 2.,
and 3.,
and 5., and subject to the limitations provided in this subsection
3and s. 238.399 or s. 560.799, 2009 stats., for taxable years beginning after December
431, 2009, a claimant may claim as a credit against the tax imposed under s. 71.23,
5up to 1 percent of the amount that the claimant paid in the taxable year to purchase
6tangible personal property, items, property, or goods under s. 77.52 (1) (b), (c), or (d),
7or services from Wisconsin vendors, as determined under s. 238.399 (5) (e) or s.
8560.799 (5) (e), 2009 stats., except that the claimant may not claim the credit under
9this subdivision and subd. 3. for the same expenditures.
SB70-AA1,1159
10Section
1159. 71.28 (3w) (bm) 5. of the statutes is renumbered 71.28 (3w) (bm)
115. (intro.) and amended to read:
SB70-AA1,533,1712
71.28
(3w) (bm) 5. (intro.) In addition to the credits under
par. pars. (b)
and (bd) 13and subds. 1. to 4., and subject to the limitations provided in this subsection and s.
14238.399 or s. 560.799, 2009 stats., a claimant that has retained the minimum number
15of full-time employees determined under s. 238.399 (5) (f) and maintained average
16zone payroll for the taxable year equal to or greater than the base year may claim
17as a credit against the tax imposed under s. 71.23
one of the following amounts:
SB70-AA1,534,2
18a. For a claimant whose contract is executed prior to January 1, 2024, an
19amount equal to the percentage, as determined by the Wisconsin Economic
20Development Corporation, of the claimant's zone payroll paid in the 12 months prior
21to the certification date to the claimant's full-time employees in the enterprise zone
22whose annual wages are greater than the amount determined by multiplying 2,080
23by 150 percent of the federal minimum wage in a tier I county or municipality or
24greater than $30,000 in a tier II county or municipality.
The amount that the
25claimant may claim as credit under this subdivision for a taxable year shall not
1exceed $2,000,000. A claimant may claim a credit under this subdivision for no more
2than 5 consecutive taxable years.
SB70-AA1,1160
3Section
1160. 71.28 (3w) (bm) 5. b. of the statutes is created to read:
SB70-AA1,534,94
71.28
(3w) (bm) 5. b. For a claimant whose contract is executed after December
531, 2023, an amount equal to the percentage, as determined by the Wisconsin
6Economic Development Corporation, of the claimant's zone payroll paid in the 12
7months prior to the certification date to the claimant's full-time employees in the
8enterprise zone whose annual wages are greater than $32,000 in a tier I county or
9municipality or greater than $42,390 in a tier II county or municipality.
SB70-AA1,1161
10Section
1161. 71.28 (3w) (c) 5. of the statutes is created to read:
SB70-AA1,534,1211
71.28
(3w) (c) 5. A claimant may claim a credit under par. (bm) 2. for no more
12than 5 consecutive taxable years.