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SB70-AA1,548,1413 4. Notwithstanding the time limitations described in par. (g) (intro.), the
14provisions of par. (g) 4. apply to claims filed under this paragraph.
SB70-AA1,1196 15Section 1196. 71.54 (2) (b) 4. of the statutes is amended to read:
SB70-AA1,548,1716 71.54 (2) (b) 4. In calendar years 2011 or any subsequent calendar year to 2022,
17$1,460.
SB70-AA1,1197 18Section 1197. 71.54 (2) (b) 5. of the statutes is created to read:
SB70-AA1,548,2019 71.54 (2) (b) 5. Subject to sub. (2m), in calendar year 2023 or any subsequent
20calendar year, $1,460.
SB70-AA1,1198 21Section 1198. 71.54 (2m) of the statutes is amended to read:
SB70-AA1,549,1422 71.54 (2m) Indexing for inflation; 2010 2024 and thereafter. (a) For calendar
23years beginning after December 31, 2009, and before January 1, 2011 2023, the dollar
24amounts of the threshold income under sub. (1) (f) (h) 1. and 2., the maximum
25household income under sub. (1) (f) (h) 3., and the maximum property taxes under

1sub. (2) (b) 3. 5. shall be increased each year by a percentage equal to the percentage
2change between the U.S. consumer price index for all urban consumers, U.S. city
3average, for the 12-month average of the U.S. consumer price index for the month
4of August of the year before the previous year through the month of July of the
5previous year and the U.S. consumer price index for all urban consumers, U.S. city
6average, for the 12-month average of the U.S. consumer price index for August 2007
72021 through July 2008 2022, as determined by the federal department of labor,
8except that the adjustment may occur only if the percentage is a positive number.
9Each amount that is revised under this paragraph shall be rounded to the nearest
10multiple of $10 if the revised amount is not a multiple of $10 or, if the revised amount
11is a multiple of $5, such an amount shall be increased to the next higher multiple of
12$10. The department of revenue shall annually adjust the changes in dollar amounts
13required under this paragraph and incorporate the changes into the income tax
14forms and instructions.
SB70-AA1,549,2015 (b) The department of revenue shall annually adjust the slope under sub. (1)
16(f) (h) 2. such so that, as a claimant's income increases from the threshold income as
17calculated adjusted under par. (a), to an amount that exceeds the maximum
18household income as calculated adjusted under par. (a), the credit that may be
19claimed is reduced to $0, and the department of revenue shall incorporate the
20changes into the income tax forms and instructions.
SB70-AA1,9337 21Section 9337. Initial applicability; Revenue.
SB70-AA1,549,2322 (1e) Homestead tax credit. The treatment of s. 71.54 (1) (h) first applies to
23claims filed for taxable years beginning after December 31, 2022.”.
SB70-AA1,549,24 24199. Page 374, line 11: after that line insert:
SB70-AA1,550,1
1 Section 9101. Nonstatutory provisions; Administration.
SB70-AA1,550,5 2(1) Enterprise zone tax credit funding reestimate. The secretary of
3administration shall reestimate the sum sufficient appropriation under s. 20.835 (2)
4(co) by increasing funding for the enterprise zone program by $525,000 in the
52024-25 fiscal year.”.
SB70-AA1,550,6 6200. Page 374, line 11: after that line insert:
SB70-AA1,550,7 7 Section 1199. 71.07 (3y) (b) 5. of the statutes is amended to read:
SB70-AA1,550,158 71.07 (3y) (b) 5. An For taxable years beginning before January 1, 2023, an
9amount, as determined by the Wisconsin Economic Development Corporation under
10s. 238.308 (4) (a) 5., equal to a percentage of the amount of wages that the claimant
11paid to an eligible employee in the taxable year if the position in which the eligible
12employee was employed was created or retained in connection with the claimant's
13location or retention of the claimant's corporate headquarters in Wisconsin and the
14job duties associated with the eligible employee's position involve the performance
15of corporate headquarters functions.
SB70-AA1,1200 16Section 1200. 71.07 (3y) (b) 5m. of the statutes is created to read:
SB70-AA1,550,2217 71.07 (3y) (b) 5m. For taxable years beginning after December 31, 2022, an
18amount, as determined by the Wisconsin Economic Development Corporation under
19s. 238.308 (4) (a) 5., equal to a percentage of the amount of wages that the claimant
20paid to an eligible employee in the taxable year if the position in which the eligible
21employee was employed was created or retained in connection with the claimant's
22location or retention of the claimant's corporate headquarters in Wisconsin.
SB70-AA1,1201 23Section 1201. 71.28 (3y) (b) 5. of the statutes is amended to read:
SB70-AA1,551,8
171.28 (3y) (b) 5. An For taxable years beginning before January 1, 2023, an
2amount, as determined by the Wisconsin Economic Development Corporation under
3s. 238.308 (4) (a) 5., equal to a percentage of the amount of wages that the claimant
4paid to an eligible employee in the taxable year if the position in which the eligible
5employee was employed was created or retained in connection with the claimant's
6location or retention of the claimant's corporate headquarters in Wisconsin and the
7job duties associated with the eligible employee's position involve the performance
8of corporate headquarters functions.
SB70-AA1,1202 9Section 1202. 71.28 (3y) (b) 5m. of the statutes is created to read:
SB70-AA1,551,1510 71.28 (3y) (b) 5m. For taxable years beginning after December 31, 2022, an
11amount, as determined by the Wisconsin Economic Development Corporation under
12s. 238.308 (4) (a) 5., equal to a percentage of the amount of wages that the claimant
13paid to an eligible employee in the taxable year if the position in which the eligible
14employee was employed was created or retained in connection with the claimant's
15location or retention of the claimant's corporate headquarters in Wisconsin.
SB70-AA1,1203 16Section 1203. 71.47 (3y) (b) 5. of the statutes is amended to read:
SB70-AA1,551,2417 71.47 (3y) (b) 5. An For taxable years beginning before January 1, 2023, an
18amount, as determined by the Wisconsin Economic Development Corporation under
19s. 238.308 (4) (a) 5., equal to a percentage of the amount of wages that the claimant
20paid to an eligible employee in the taxable year if the position in which the eligible
21employee was employed was created or retained in connection with the claimant's
22location or retention of the claimant's corporate headquarters in Wisconsin and the
23job duties associated with the eligible employee's position involve the performance
24of corporate headquarters functions.
SB70-AA1,1204 25Section 1204. 71.47 (3y) (b) 5m. of the statutes is created to read:
SB70-AA1,552,6
171.47 (3y) (b) 5m. For taxable years beginning after December 31, 2022, an
2amount, as determined by the Wisconsin Economic Development Corporation under
3s. 238.308 (4) (a) 5., equal to a percentage of the amount of wages that the claimant
4paid to an eligible employee in the taxable year if the position in which the eligible
5employee was employed was created or retained in connection with the claimant's
6location or retention of the claimant's corporate headquarters in Wisconsin.
SB70-AA1,1205 7Section 1205. 238.308 (4) (a) 3. of the statutes is amended to read:
SB70-AA1,552,158 238.308 (4) (a) 3. An amount equal to up to 50 percent of the person's training
9costs incurred to undertake activities to enhance an eligible employee's general
10knowledge, employability, and flexibility in the workplace; to develop skills unique
11to the person's workplace or equipment; or to develop skills that will increase the
12quality of the person's product
upgrade or improve the job-related skills of an eligible
13employee, train an eligible employee on the use of job-related new technologies, or
14provide job-related training to an eligible employee whose employment with the
15person represents the employee's first full-time job
.
SB70-AA1,1206 16Section 1206. 238.308 (4) (a) 5. of the statutes is amended to read:
SB70-AA1,552,2217 238.308 (4) (a) 5. An amount, as determined by the corporation, equal to a
18percentage of the amount of wages that the person paid to an eligible employee in the
19taxable year, if the position in which the eligible employee was employed was created
20or retained in connection with the person's location or retention of the person's
21corporate headquarters in Wisconsin and the job duties associated with the eligible
22employee's position involve the performance of corporate headquarters functions
.”.
SB70-AA1,552,23 23201. Page 374, line 11: after that line insert:
SB70-AA1,552,24 24 Section 1207. 71.07 (3y) (b) 6. of the statutes is created to read:
SB70-AA1,553,5
171.07 (3y) (b) 6. For taxable years beginning after December 31, 2023, an
2amount, as determined by the Wisconsin Economic Development Corporation under
3s. 238.308 (4) (a) 6., equal to a percentage, not to exceed 25 percent, of the claimant's
4energy efficiency or renewable energy project expenditures on real or personal
5property located in this state.
SB70-AA1,1208 6Section 1208. 71.28 (3y) (b) 6. of the statutes is created to read:
SB70-AA1,553,117 71.28 (3y) (b) 6. For taxable years beginning after December 31, 2023, an
8amount, as determined by the Wisconsin Economic Development Corporation under
9s. 238.308 (4) (a) 6., equal to a percentage, not to exceed 25 percent, of the claimant's
10energy efficiency or renewable energy project expenditures on real or personal
11property located in this state.
SB70-AA1,1209 12Section 1209. 71.47 (3y) (b) 6. of the statutes is created to read:
SB70-AA1,553,1713 71.47 (3y) (b) 6. For taxable years beginning after December 31, 2023, an
14amount, as determined by the Wisconsin Economic Development Corporation under
15s. 238.308 (4) (a) 6., equal to a percentage, not to exceed 25 percent, of the claimant's
16energy efficiency or renewable energy project expenditures on real or personal
17property located in this state.
SB70-AA1,1210 18Section 1210. 238.308 (4) (a) 6. of the statutes is created to read:
SB70-AA1,553,2319 238.308 (4) (a) 6. An amount equal to up to 25 percent of the person's energy
20efficiency or renewable energy project expenditures on real or personal property
21located in this state. When making an award under this subdivision, the corporation
22shall ensure that the percentage of expenditures taken into account positively
23correlates to the scale of the project.
SB70-AA1,9349 24Section 9349. Initial applicability; Wisconsin Economic Development
25Corporation.
SB70-AA1,554,3
1(1) Energy efficiency and renewable energy project expenditures for
2business development tax credit.
The treatment of s. 238.308 (4) (a) 6. first applies
3to credits awarded under s. 238.308 on January 1, 2024.”.
SB70-AA1,554,4 4202. Page 374, line 11: after that line insert:
SB70-AA1,554,5 5 Section 1211. 71.07 (5n) (d) 2. of the statutes is amended to read:
SB70-AA1,554,146 71.07 (5n) (d) 2. For Except as provided in subd. 2m., for purposes of
7determining a claimant's eligible qualified production activities income under this
8subsection, the claimant shall multiply the claimant's qualified production activities
9income from property manufactured by the claimant by the manufacturing property
10factor and qualified production activities income from property produced, grown, or
11extracted by the claimant by the agriculture property factor. This subdivision does
12not apply if the claimant's entire qualified production activities income results from
13the sale of tangible personal property that was manufactured, produced, grown, or
14extracted wholly in this state by the claimant.
SB70-AA1,1212 15Section 1212. 71.07 (5n) (d) 2m. of the statutes is created to read:
SB70-AA1,554,2316 71.07 (5n) (d) 2m. For taxable years beginning after December 31, 2022, for
17purposes of determining a claimant's eligible qualified production activities income
18from manufacturing under this subsection, the claimant shall multiply the
19claimant's qualified production activities income, not exceeding $300,000, from
20property manufactured by the claimant by the manufacturing property factor. This
21subdivision does not apply if the claimant's entire qualified production activities
22income results from the sale of tangible personal property that was manufactured,
23produced, grown, or extracted wholly in this state by the claimant.
SB70-AA1,1213 24Section 1213. 71.28 (5n) (d) 2. of the statutes is amended to read:
SB70-AA1,555,9
171.28 (5n) (d) 2. Except as provided in subd. subds. 2m. and 3., for purposes of
2determining a claimant's eligible qualified production activities income under this
3subsection, the claimant shall multiply the claimant's qualified production activities
4income from property manufactured by the claimant by the manufacturing property
5factor and qualified production activities income from property produced, grown, or
6extracted by the claimant by the agriculture property factor. This subdivision does
7not apply if the claimant's entire qualified production activities income results from
8the sale of tangible personal property that was manufactured, produced, grown, or
9extracted wholly in this state by the claimant.
SB70-AA1,1214 10Section 1214. 71.28 (5n) (d) 2m. of the statutes is created to read:
SB70-AA1,555,1911 71.28 (5n) (d) 2m. Except as provided in subd. 3., for taxable years beginning
12after December 31, 2022, for purposes of determining a claimant's eligible qualified
13production activities income from manufacturing under this subsection, the
14claimant shall multiply the claimant's qualified production activities income, not
15exceeding $300,000, from property manufactured by the claimant by the
16manufacturing property factor. This subdivision does not apply if the claimant's
17entire qualified production activities income results from the sale of tangible
18personal property that was manufactured, produced, grown, or extracted wholly in
19this state by the claimant.
SB70-AA1,1215 20Section 1215. 71.28 (5n) (d) 3. a. of the statutes is amended to read:
SB70-AA1,555,2221 71.28 (5n) (d) 3. a. The eligible qualified production activities income
22determined under subd. 2. or 2m.”.
SB70-AA1,555,23 23203. Page 374, line 11: after that line insert:
SB70-AA1,555,24 24 Section 1216. 71.07 (4k) (e) 2. a. of the statutes is amended to read:
SB70-AA1,556,11
171.07 (4k) (e) 2. a. For taxable years beginning before January 1, 2021, the
2amount of the claim not used to offset the tax due, not to exceed 10 percent of the
3allowable amount of the claim under par. (b) 4., 5., or 6., shall be certified by the
4department of revenue to the department of administration for payment by check,
5share draft, or other draft drawn from the appropriation account under s. 20.835 (2)
6(d). For subsequent taxable years beginning after December 31, 2020 and before
7January 1, 2024
, the amount of the claim not used to offset the tax due, up to 15
8percent of the allowable amount of the claim under par. (b) 4., 5., or 6., shall be
9certified by the department of revenue to the department of administration for
10payment by check, share draft, or other draft drawn from the appropriation account
11under s. 20.835 (2) (d).
SB70-AA1,1217 12Section 1217. 71.07 (4k) (e) 2. ad. of the statutes is created to read:
SB70-AA1,556,1813 71.07 (4k) (e) 2. ad. For taxable years beginning after December 31, 2023, the
14amount of the claim not used to offset the tax due, not to exceed 50 percent of the
15allowable amount of the claim under par. (b) 4., 5., or 6., shall be certified by the
16department of revenue to the department of administration for payment by check,
17share draft, or other draft drawn from the appropriation account under s. 20.835 (2)
18(d).
SB70-AA1,1218 19Section 1218. 71.07 (4k) (e) 2. b. of the statutes is amended to read:
SB70-AA1,556,2520 71.07 (4k) (e) 2. b. The amount of the claim not used to offset the tax due and
21not certified for payment under subd. 2. a. or 2. ad. may be carried forward and
22credited against Wisconsin income taxes otherwise due for the following 15 taxable
23years to the extent not offset by these taxes otherwise due in all intervening years
24between the year in which the expense was incurred and the year in which the
25carry-forward credit is claimed.
SB70-AA1,1219
1Section 1219. 71.28 (4) (k) 1. b. of the statutes is amended to read:
SB70-AA1,557,72 71.28 (4) (k) 1. b. For taxable years beginning after December 31, 2020 and
3before January 1, 2024
, the amount of the claim not used to offset the tax due, up to
415 percent of the allowable amount of the claim under par. (ad) 4., 5., or 6., shall be
5certified by the department of revenue to the department of administration for
6payment by check, share draft, or other draft drawn from the appropriation account
7under s. 20.835 (2) (d).
SB70-AA1,1220 8Section 1220. 71.28 (4) (k) 1. c. of the statutes is created to read:
SB70-AA1,557,149 71.28 (4) (k) 1. c. For taxable years beginning after December 31, 2023, the
10amount of the claim not used to offset the tax due, not to exceed 50 percent of the
11allowable amount of the claim under par. (ad) 4., 5., or 6., shall be certified by the
12department of revenue to the department of administration for payment by check,
13share draft, or other draft drawn from the appropriation account under s. 20.835 (2)
14(d).
SB70-AA1,1221 15Section 1221. 71.47 (4) (k) 1. b. of the statutes is amended to read:
SB70-AA1,557,2116 71.47 (4) (k) 1. b. For taxable years beginning after December 31, 2020 and
17before January 1, 2024
, the amount of the claim not used to offset the tax due, up to
1815 percent of the allowable amount of the claim under par. (ad) 4., 5., or 6., shall be
19certified by the department of revenue to the department of administration for
20payment by check, share draft, or other draft drawn from the appropriation account
21under s. 20.835 (2) (d).
SB70-AA1,1222 22Section 1222. 71.47 (4) (k) 1. c. of the statutes is created to read:
SB70-AA1,558,323 71.47 (4) (k) 1. c. For taxable years beginning after December 31, 2023, the
24amount of the claim not used to offset the tax due, not to exceed 50 percent of the
25allowable amount of the claim under par. (ad) 4., 5., or 6., shall be certified by the

1department of revenue to the department of administration for payment by check,
2share draft, or other draft drawn from the appropriation account under s. 20.835 (2)
3(d).”.
SB70-AA1,558,4 4204. Page 374, line 11: after that line insert:
SB70-AA1,558,5 5 Section 1223. 71.05 (1) (am) of the statutes is amended to read:
SB70-AA1,558,86 71.05 (1) (am) Military retirement systems. All retirement payments received
7from the U.S. military employee retirement system, to the extent that such payments
8are not exempt under par. (a) or sub. (6) (b) 54. or 54m.
SB70-AA1,1224 9Section 1224. 71.05 (1) (an) of the statutes is amended to read:
SB70-AA1,558,1410 71.05 (1) (an) Uniformed services retirement benefits. All retirement payments
11received from the U.S. government that relate to service with the coast guard, the
12commissioned corps of the national oceanic and atmospheric administration, or the
13commissioned corps of the public health service, to the extent that such payments are
14not exempt under par. (a) or (am) or sub. (6) (b) 54. or 54m.
SB70-AA1,1225 15Section 1225. 71.05 (6) (b) 54. (intro.) of the statutes is amended to read:
SB70-AA1,558,2116 71.05 (6) (b) 54. (intro.) Except for a payment that is exempt under sub. (1) (a),
17(am), or (an), or that is exempt as a railroad retirement benefit, for taxable years
18beginning after December 31, 2020, and before January 1, 2023, up to $5,000 of
19payments or distributions received each year by an individual from a qualified
20retirement plan under the Internal Revenue Code or from an individual retirement
21account established under 26 USC 408, if all of the following conditions apply:
SB70-AA1,1226 22Section 1226. 71.05 (6) (b) 54m. of the statutes is created to read:
SB70-AA1,559,423 71.05 (6) (b) 54m. Except for a payment that is exempt under sub. (1) (a), (am),
24or (an), or that is exempt as a railroad retirement benefit, for taxable years beginning

1after December 31, 2022, up to $5,500 of payments or distributions received each
2year by an individual from a qualified retirement plan under the Internal Revenue
3Code or from an individual retirement account established under 26 USC 408, if all
4of the following conditions apply:
SB70-AA1,559,65 a. The individual is at least 65 years of age before the close of the taxable year
6to which the exemption claim relates.
SB70-AA1,559,97 b. If the individual is single or files as head of household, his or her federal
8adjusted gross income in the year to which the exemption claim relates is less than
9$30,000.
SB70-AA1,559,1110 c. If the individual is married and is a joint filer, the couple's federal adjusted
11gross income in the year to which the exemption claim relates is less than $60,000.
SB70-AA1,559,1412 d. If the individual is married and files a separate return, the sum of both
13spouses' federal adjusted gross income in the year to which the exemption claim
14relates is less than $60,000.
SB70-AA1,1227 15Section 1227. 71.83 (1) (a) 6. of the statutes is amended to read:
SB70-AA1,559,2116 71.83 (1) (a) 6. `Retirement plans.' Any natural person who is liable for a
17penalty for federal income tax purposes under section 72 (m) (5), (q), (t), and (v), 4973,
184974, 4975, or 4980A of the Internal Revenue Code is liable for 33 percent of the
19federal penalty unless the income received is exempt from taxation under s. 71.05
20(1) (a) or (6) (b) 54. or 54m. The penalties provided under this subdivision shall be
21assessed, levied, and collected in the same manner as income or franchise taxes.”.
SB70-AA1,559,22 22205. Page 374, line 11: after that line insert:
SB70-AA1,559,24 23 Section 1228. 71.07 (9g) (b) of the statutes is renumbered 71.07 (9g) (b) 1. and
24amended to read:
SB70-AA1,560,6
171.07 (9g) (b) 1. For taxable years beginning after December 31, 2021, and
2before January 1, 2023,
and subject to the limitations provided in this subsection, a
3claimant may claim as a credit against the tax imposed under s. 71.02, up to the
4amount of those taxes, an amount equal to 50 percent of the federal child and
5dependent care tax credit claimed by the claimant on his or her federal income tax
6return for the taxable year to which the claim under this subsection relates.
SB70-AA1,1229 7Section 1229. 71.07 (9g) (b) 2. of the statutes is created to read:
SB70-AA1,560,138 71.07 (9g) (b) 2. For taxable years beginning after December 31, 2022, and
9subject to the limitations provided in this subsection, a claimant may claim as a
10credit against the tax imposed under s. 71.02, up to the amount of those taxes, an
11amount equal to the federal child and dependent care tax credit claimed by the
12claimant on his or her federal income tax return for the taxable year to which the
13claim under this subsection relates.”.
SB70-AA1,560,14 14206. Page 374, line 11: after that line insert:
SB70-AA1,560,15 15 Section 1230. 71.98 (10) of the statutes is created to read:
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