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AB50-ASA2,295,331. On all taxable income from $0 to $19,580, 3.50 percent.
AB50-ASA2,295,542. On all taxable income exceeding $19,580 but not exceeding $67,300, 4.40
5percent.
AB50-ASA2,295,763. On all taxable income exceeding $67,300 but not exceeding $431,060, 5.30
7percent.
AB50-ASA2,295,884. On all taxable income exceeding $431,060, 7.65 percent.
AB50-ASA2,2279Section 227. 71.06 (2) (L) of the statutes is created to read:
AB50-ASA2,295,111071.06 (2) (L) For married persons filing separately, for taxable years
11beginning after December 31, 2024:
AB50-ASA2,295,12121. On all taxable income from $0 to $9,790, 3.50 percent.
AB50-ASA2,295,14132. On all taxable income exceeding $9,790 but not exceeding $33,650, 4.40
14percent.
AB50-ASA2,295,16153. On all taxable income exceeding $33,650 but not exceeding $215,530, 5.30
16percent.
AB50-ASA2,295,17174. On all taxable income exceeding $215,530, 7.65 percent.
AB50-ASA2,22818Section 228. 71.06 (2e) (a) of the statutes is amended to read:
AB50-ASA2,296,151971.06 (2e) (a) For taxable years beginning after December 31, 1998, and
20before January 1, 2000, the maximum dollar amount in each tax bracket, and the
21corresponding minimum dollar amount in the next bracket, under subs. (1m) and
22(2) (c) and (d), and for taxable years beginning after December 31, 1999, and before
23January 1, 2025, the maximum dollar amount in each tax bracket, and the
24corresponding minimum dollar amount in the next bracket, under subs. (1n), (1p)

1(a) to (c), (1q) (a) and (b), and (2) (e), (f), (g) 1. to 3., (h) 1. to 3., (i) 1. and 2., and (j) 1.
2and 2., shall be increased each year by a percentage equal to the percentage change
3between the U.S. consumer price index for all urban consumers, U.S. city average,
4for the month of August of the previous year and the U.S. consumer price index for
5all urban consumers, U.S. city average, for the month of August 1997, as
6determined by the federal department of labor, except that for taxable years
7beginning after December 31, 2000, and before January 1, 2002, the dollar amount
8in the top bracket under subs. (1p) (c) and (d), (2) (g) 3. and 4. and (h) 3. and 4. shall
9be increased by a percentage equal to the percentage change between the U.S.
10consumer price index for all urban consumers, U.S. city average, for the month of
11August of the previous year and the U.S. consumer price index for all urban
12consumers, U.S. city average, for the month of August 1999, as determined by the
13federal department of labor, except that for taxable years beginning after December
1431, 2011, the adjustment may occur only if the resulting amount is greater than the
15corresponding amount that was calculated for the previous year.
AB50-ASA2,22916Section 229. 71.06 (2e) (b) of the statutes is amended to read:
AB50-ASA2,297,41771.06 (2e) (b) For taxable years beginning after December 31, 2009, and
18before January 1, 2025, the maximum dollar amount in each tax bracket, and the
19corresponding minimum dollar amount in the next bracket, under subs. (1p) (d),
20(1q) (c), and (2) (g) 4., (h) 4., (i) 3., and (j) 3., and the dollar amount in the top bracket
21under subs. (1p) (e), (1q) (d), and (2) (g) 5., (h) 5., (i) 4., and (j) 4., shall be increased
22each year by a percentage equal to the percentage change between the U.S.
23consumer price index for all urban consumers, U.S. city average, for the month of
24August of the previous year and the U.S. consumer price index for all urban

1consumers, U.S. city average, for the month of August 2008, as determined by the
2federal department of labor, except that for taxable years beginning after December
331, 2011, the adjustment may occur only if the resulting amount is greater than the
4corresponding amount that was calculated for the previous year.
AB50-ASA2,2305Section 230. 71.06 (2e) (bm) of the statutes is created to read:
AB50-ASA2,297,15671.06 (2e) (bm) For taxable years beginning after December 31, 2025, the
7maximum dollar amount in each tax bracket, and the corresponding minimum
8dollar amount in the next bracket, under subs. (1r) and (2) (k) and (L), shall be
9increased each year by a percentage equal to the percentage change between the
10U.S. consumer price index for all urban consumers, U.S. city average, for the month
11of August of the previous year and the U.S. consumer price index for all urban
12consumers, U.S. city average, for the month of August 2024, as determined by the
13federal department of labor, except that the adjustment may occur only if the
14resulting amount is greater than the corresponding amount that was calculated for
15the previous year.
AB50-ASA2,23116Section 231. 71.06 (2m) of the statutes is amended to read:
AB50-ASA2,297,201771.06 (2m) Rate changes. If a rate under sub. (1), (1m), (1n), (1p), (1q), (1r)
18or (2) (k) or (L) changes during a taxable year, the taxpayer shall compute the tax
19for that taxable year by the methods applicable to the federal income tax under
20section 15 of the Internal Revenue Code.
AB50-ASA2,23221Section 232. 71.06 (2s) (d) of the statutes is amended to read:
AB50-ASA2,298,112271.06 (2s) (d) For taxable years beginning after December 31, 2000, with
23respect to nonresident individuals, including individuals changing their domicile
24into or from this state, the tax brackets under subs. (1p), (1q), (1r), and (2) (g), (h),

1(i), and (j), (k), and (L) shall be multiplied by a fraction, the numerator of which is
2Wisconsin adjusted gross income and the denominator of which is federal adjusted
3gross income. In this paragraph, for married persons filing separately adjusted
4gross income means the separate adjusted gross income of each spouse, and for
5married persons filing jointly adjusted gross income means the total adjusted
6gross income of both spouses. If an individual and that individuals spouse are not
7both domiciled in this state during the entire taxable year, the tax brackets under
8subs. (1p), (1q), (1r), and (2) (g), (h), (i), and (j), (k), and (L) on a joint return shall be
9multiplied by a fraction, the numerator of which is their joint Wisconsin adjusted
10gross income and the denominator of which is their joint federal adjusted gross
11income.
AB50-ASA2,23312Section 233. 71.07 (5f) of the statutes is created to read:
AB50-ASA2,298,141371.07 (5f) Film production services credit. (a) Definitions. In this
14subsection:
AB50-ASA2,298,22151. Accredited production means a film, video, broadcast advertisement, or
16television production, as approved by the state film office, for which the aggregate
17salary and wages included in the cost of the production for the period ending 12
18months after the month in which the principal filming or taping of the production
19begins exceeds $100,000 for a production that is 30 minutes or longer or $50,000 for
20a production that is less than 30 minutes. Accredited production includes a
21scripted, unscripted, reality, or competition production, but does not include any of
22the following, regardless of the production costs:
AB50-ASA2,299,2
1a. News, current events, or public programming or a program that includes
2weather or market reports.
AB50-ASA2,299,33b. A talk show.
AB50-ASA2,299,44c. A sports event or sports activity.
AB50-ASA2,299,55d. A gala presentation or awards show.
AB50-ASA2,299,66e. A finished production that solicits funds.
AB50-ASA2,299,97f. A production for which the production company is required under 18 USC
82257 to maintain records with respect to a performer portrayed in a single media or
9multimedia program.
AB50-ASA2,299,1110g. A production produced primarily for industrial, corporate, or institutional
11purposes.
AB50-ASA2,299,17122. Claimant means a film production company, as defined in sub. (5h) (a) 2.,
13that operates an accredited production in this state, if the company owns the
14copyright in the accredited production or has contracted directly with the copyright
15owner or a person acting on the owners behalf and if the company has a viable plan,
16as determined by the state film office, for the commercial distribution of the
17finished production.
AB50-ASA2,299,22183. Commercial domicile means the location from which a trade or business
19is principally managed and directed, based on any factors the state film office
20determines are appropriate, including the location where the greatest number of
21employees of the trade or business work, the trade or business has its office or base
22of operations, or from which the employees are directed or controlled.
AB50-ASA2,300,15234. Production expenditures means any expenditures that are incurred in

1this state and directly used to produce an accredited production, including
2expenditures for writing, budgeting, casting, location scouts, set construction and
3operation, wardrobes, makeup, clothing accessories, photography, sound recording,
4sound synchronization, sound mixing, lighting, editing, film processing, film
5transferring, special effects, visual effects, renting or leasing facilities or
6equipment, renting or leasing motor vehicles, food, lodging, and any other similar
7pre-production, production, and post-production expenditure as determined by the
8state film office. Production expenditures includes expenditures for music that is
9performed, composed, or recorded by a musician who is a resident of this state or
10published or distributed by an entity that has its commercial domicile in this state;
11air travel that is purchased from a travel agency or company that has its commercial
12domicile in this state; and insurance that is purchased from an insurance agency or
13company that has its commercial domicile in this state. Production expenditures
14does not include salary or wages or expenditures for the marketing and distribution
15of an accredited production.
AB50-ASA2,300,1816(b) Filing claims. Subject to the limitations provided in this subsection, for
17taxable years beginning after December 31, 2025, a claimant may claim as a credit
18against the tax imposed under s. 71.02 any of the following amounts:
AB50-ASA2,300,23191. To the extent the salary or wages are not claimed under subd. 2., an amount
20equal to 30 percent of the salary or wages paid by the claimant to the claimants
21employees in the taxable year for services rendered in this state to produce an
22accredited production and paid to employees who were residents of this state at the
23time that they were paid.
AB50-ASA2,301,2
12. An amount equal to 30 percent of the production expenditures paid by the
2claimant in the taxable year to produce an accredited production.
AB50-ASA2,301,833. An amount equal to the taxes imposed under ss. 77.52 and 77.53, to the
4extent those taxes are not used in claiming a credit under subd. 2., that the
5claimant paid in the taxable year on the purchase of tangible personal property and
6taxable services that are used directly in producing an accredited production in this
7state, including all stages from the final script stage to the distribution of the
8finished production.
AB50-ASA2,301,129(c) Limitations. 1. No amount of the salary or wages paid under par. (b) 1.
10may be the basis for a credit under this subsection unless the salary or wages are
11paid for services rendered after December 31, 2025, and directly incurred to
12produce the accredited production.
AB50-ASA2,301,18132. The total amount of the credits that may be claimed by a claimant under
14par. (b) 1. shall not exceed an amount equal to the first $250,000 of salary or wages
15paid to each of the claimants employees, as described in par. (b) 1., in the taxable
16year, not including the salary or wages paid to the claimants 2 highest-paid
17employees, as described in par. (b) 1., in the taxable year, if the claimants budgeted
18production expenditures are $1,000,000 or more.
AB50-ASA2,301,22193. No credit may be allowed under this subsection unless the claimant files an
20application with the state film office, at the time and in the manner prescribed by
21the office, and the office approves the application. The claimant shall submit a copy
22of the approved application with the claimants return.
AB50-ASA2,302,7234. Partnerships, limited liability companies, and tax-option corporations may

1not claim the credit under this subsection, but the eligibility for, and the amount of,
2the credit are based on their payment of amounts under par. (b). A partnership,
3limited liability company, or tax-option corporation shall compute the amount of
4credit that each of its partners, members, or shareholders may claim and shall
5provide that information to each of them. Partners, members of limited liability
6companies, and shareholders of tax-option corporations may claim the credit in
7proportion to their ownership interest.
AB50-ASA2,302,118(d) Administration. 1. Section 71.28 (4) (e), (g), and (h), as it applies to the
9credit under s. 71.28 (4), applies to the credits under this subsection. Section 71.28
10(4) (f), as it applies to the credit under s. 71.28 (4), applies to the credits under par.
11(b) 1. and 3.
AB50-ASA2,302,16122. If the allowable amount of the claim under par. (b) 2. exceeds the tax
13otherwise due under s. 71.02 or no tax is due under s. 71.02, the amount of the
14claim not used to offset the tax due shall be certified by the department of revenue
15to the department of administration for payment by check, share draft, or other
16draft drawn from the appropriation account under s. 20.835 (2) (bm).
AB50-ASA2,303,2173. Any person, including a nonprofit entity described in section 501 (c) (3) of
18the Internal Revenue Code, may sell or otherwise transfer a credit under par. (b) 1.
19or 3., in whole or in part, to another person who is subject to the taxes imposed
20under s. 71.02, 71.23, or 71.43, if the person notifies the department of the transfer,
21and submits with the notification a copy of the transfer documents, and the
22department certifies ownership of the credit. The transferee may first use the
23credit to offset tax of the transferor in the taxable year in which the transfer occurs

1and may use the credit only to offset tax in taxable years in which the credit is
2otherwise allowed to be claimed and carried forward by the original claimant.
AB50-ASA2,303,434. Notwithstanding s. 71.82, no interest shall be paid on a refund based on an
4amount certified under this subsection.
AB50-ASA2,2345Section 234. 71.07 (5h) of the statutes is created to read:
AB50-ASA2,303,7671.07 (5h) Film production company investment credit. (a) Definitions.
7In this subsection:
AB50-ASA2,303,981. Claimant means a person who files a claim under this subsection and
9who does business in this state as a film production company.
AB50-ASA2,303,12102. Film production company means an entity that creates films, videos,
11broadcast advertisement, or television productions, not including the productions
12described in sub. (5f) (a) 1. a. to g.
AB50-ASA2,303,15133. Physical work does not include preliminary activities such as planning,
14designing, securing financing, researching, developing specifications, or stabilizing
15property to prevent deterioration.
AB50-ASA2,303,20164. Previously owned property means real property that the claimant or a
17related person owned during the 2 years prior to doing business in this state as a
18film production company and for which the claimant may not deduct a loss from the
19sale of the property to, or an exchange of the property with, the related person
20under section 267 of the Internal Revenue Code.
AB50-ASA2,303,22215. Used exclusively means used to the exclusion of all other uses except for
22other use not exceeding 5 percent of total use.
AB50-ASA2,304,523(b) Filing claims. Subject to the limitations provided in this subsection, for

1taxable years beginning after December 31, 2025, a claimant may claim as a credit
2against the tax imposed under s. 71.02, up to the amount of the taxes, for the first 3
3taxable years that the claimant is doing business in this state as a film production
4company, an amount that is equal to 30 percent of the following that the claimant
5paid in the taxable year to establish a film production company in this state:
AB50-ASA2,304,661. The purchase price of depreciable, tangible personal property.
AB50-ASA2,304,872. The amount expended to acquire, construct, rehabilitate, remodel, or repair
8real property.
AB50-ASA2,304,129(c) Limitations. 1. A claimant may claim the credit under par. (b) 1., if the
10tangible personal property is purchased after December 31, 2025, and the personal
11property is used exclusively in the claimants business as a film production
12company.
AB50-ASA2,304,17132. A claimant may claim the credit under par. (b) 2. for an amount expended to
14construct, rehabilitate, remodel, or repair real property, if the claimant began the
15physical work of construction, rehabilitation, remodeling, or repair, or any
16demolition or destruction in preparation for the physical work, after December 31,
172025, or if the completed project is placed in service after December 31, 2025.
AB50-ASA2,304,21183. A claimant may claim the credit under par. (b) 2. for an amount expended to
19acquire real property, if the property is not previously owned property and if the
20claimant acquires the property after December 31, 2025, or if the completed project
21is placed in service after December 31, 2025.
AB50-ASA2,305,2224. No claim may be allowed under this subsection unless the state film office
23certifies, in writing, that the credits claimed under this subsection are for expenses

1related to establishing a film production company in this state and the claimant
2submits a copy of the certification with the claimants return.
AB50-ASA2,305,535. No credit may be allowed under this subsection for any amount that the
4claimant paid for expenses described in par. (b) that the claimant used to claim a
5credit under sub. (5f).
AB50-ASA2,305,1366. Partnerships, limited liability companies, and tax-option corporations may
7not claim the credit under this subsection, but the eligibility for, and the amount of,
8the credit are based on their payment of amounts under par. (b). A partnership,
9limited liability company, or tax-option corporation shall compute the amount of
10credit that each of its partners, members, or shareholders may claim and shall
11provide that information to each of them. Partners, members of limited liability
12companies, and shareholders of tax-option corporations may claim the credit in
13proportion to their ownership interests.
AB50-ASA2,305,1514(d) Administration. 1. Section 71.28 (4) (e) to (h), as it applies to the credit
15under s. 71.28 (4), applies to the credits under this subsection.
AB50-ASA2,306,2162. Any person, including a nonprofit entity described in section 501 (c) (3) of
17the Internal Revenue Code, may sell or otherwise transfer a credit under this
18subsection, in whole or in part, to another person who is subject to the taxes
19imposed under s. 71.02, 71.23, or 71.43, if the person notifies the department of the
20transfer, and submits with the notification a copy of the transfer documents, and
21the department certifies ownership of the credit. The transferee may first use the
22credit to offset tax of the transferor in the taxable year in which the transfer occurs

1and may use the credit only to offset tax in taxable years in which the credit is
2otherwise allowed to be claimed and carried forward by the original claimant.
AB50-ASA2,306,433. Notwithstanding s. 71.82, no interest shall be paid on a refund based on an
4amount certified under this subsection.
AB50-ASA2,2355Section 235. 71.10 (4) (fs) of the statutes is created to read:
AB50-ASA2,306,6671.10 (4) (fs) Film production company investment credit under s. 71.07 (5h).
AB50-ASA2,2367Section 236. 71.10 (4) (ft) of the statutes is created to read:
AB50-ASA2,306,8871.10 (4) (ft) Film production services credit under s. 71.07 (5f) (b) 1. and 3.
AB50-ASA2,2379Section 237. 71.10 (4) (i) of the statutes is amended to read:
AB50-ASA2,306,181071.10 (4) (i) The total of claim of right credit under s. 71.07 (1), farmland
11preservation credit under ss. 71.57 to 71.61, farmland preservation credit, 2010 and
12beyond under s. 71.613, homestead credit under subch. VIII, jobs tax credit under s.
1371.07 (3q), business development credit under s. 71.07 (3y), research credit under s.
1471.07 (4k) (e) 2. a., film production services credit under s. 71.07 (5f) (b) 2., veterans
15and surviving spouses property tax credit under s. 71.07 (6e), enterprise zone jobs
16credit under s. 71.07 (3w), electronics and information technology manufacturing
17zone credit under s. 71.07 (3wm), earned income tax credit under s. 71.07 (9e),
18estimated tax payments under s. 71.09, and taxes withheld under subch. X.
AB50-ASA2,23819Section 238. 71.125 (1) of the statutes is amended to read:
AB50-ASA2,306,232071.125 (1) Except as provided in sub. (2), the tax imposed by this chapter on
21individuals and the rates under s. 71.06 (1), (1m), (1n), (1p), (1q), (1r), and (2) shall
22apply to the Wisconsin taxable income of estates or trusts, except nuclear
23decommissioning trust or reserve funds, and that tax shall be paid by the fiduciary.
AB50-ASA2,239
1Section 239. 71.125 (2) of the statutes is amended to read:
AB50-ASA2,307,6271.125 (2) Each electing small business trust, as defined in section 1361 (e)
3(1) of the Internal Revenue Code, is subject to tax at the highest rate under s. 71.06
4(1), (1m), (1n), (1p), or (1q), or (1r), whichever taxable year is applicable, on its
5income as computed under section 641 of the Internal Revenue Code, as modified by
6s. 71.05 (6) to (12), (19) and (20).
AB50-ASA2,2407Section 240. 71.17 (6) of the statutes is amended to read:
AB50-ASA2,307,11871.17 (6) Funeral trusts. If a qualified funeral trust makes the election
9under section 685 of the Internal Revenue Code for federal income tax purposes,
10that election applies for purposes of this chapter and each trust shall compute its
11own tax and shall apply the rates under s. 71.06 (1), (1m), (1n), (1p), or (1q), or (1r).
AB50-ASA2,24112Section 241. 71.21 (4) (a) of the statutes is amended to read:
AB50-ASA2,307,161371.21 (4) (a) The amount of the credits computed by a partnership under s.
1471.07 (2dm), (2dx), (2dy), (3g), (3h), (3n), (3q), (3s), (3t), (3w), (3wm), (3y), (4k), (4n),
15(5f), (5g), (5h), (5i), (5j), (5k), (5r), (5rm), (6n), and (10) and passed through to
16partners shall be added to the partnerships income.
AB50-ASA2,24217Section 242. 71.26 (2) (a) 4. of the statutes is amended to read:
AB50-ASA2,307,231871.26 (2) (a) 4. Plus the amount of the credit computed under s. 71.28 (1dm),
19(1dx), (1dy), (3g), (3h), (3n), (3q), (3t), (3w), (3wm), (3y), (5f), (5g), (5h), (5i), (5j), (5k),
20(5r), (5rm), (6n), and (10) and not passed through by a partnership, limited liability
21company, or tax-option corporation that has added that amount to the
22partnerships, limited liability companys, or tax-option corporations income under
23s. 71.21 (4) or 71.34 (1k) (g).
AB50-ASA2,24324Section 243. 71.28 (5f) of the statutes is created to read:
AB50-ASA2,308,2
171.28 (5f) Film production services credit. (a) Definitions. In this
2subsection:
AB50-ASA2,308,1031. Accredited production means a film, video, broadcast advertisement, or
4television production, as approved by the state film office, for which the aggregate
5salary and wages included in the cost of the production for the period ending 12
6months after the month in which the principal filming or taping of the production
7begins exceeds $100,000 for a production that is 30 minutes or longer or $50,000 for
8a production that is less than 30 minutes. Accredited production includes a
9scripted, unscripted, reality, or competition production, but does not include any of
10the following, regardless of the production costs:
AB50-ASA2,308,1211a. News, current events, or public programming or a program that includes
12weather or market reports.
AB50-ASA2,308,1313b. A talk show.
AB50-ASA2,308,1414c. A sports event or sports activity.
AB50-ASA2,308,1515d. A gala presentation or awards show.
AB50-ASA2,308,1616e. A finished production that solicits funds.
AB50-ASA2,308,1917f. A production for which the production company is required under 18 USC
182257 to maintain records with respect to a performer portrayed in a single media or
19multimedia program.
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