This is the preview version of the Wisconsin State Legislature site.
Please see http://docs.legis.wisconsin.gov for the production version.
AB56,618,1211 3. If the individual has 3 or more qualifying children who have the same
12principal place of abode as the individual, 34 percent.
AB56,890 13Section 890. 71.07 (9m) (a) 3. of the statutes is amended to read:
AB56,619,214 71.07 (9m) (a) 3. For taxable years beginning after December 31, 2013, and
15before January 1, 2019,
any person may claim as a credit against taxes otherwise due
16under s. 71.02, up to the amount of those taxes, an amount equal to 20 percent of the
17costs of qualified rehabilitation expenditures, as defined in section 47 (c) (2) of the
18Internal Revenue Code, for qualified rehabilitated buildings, as defined in section 47
19(c) (1) of the Internal Revenue Code, on property located in this state, if the cost of
20the person's qualified rehabilitation expenditures is at least $50,000 and the
21rehabilitated property is placed in service after December 31, 2013, and regardless
22of whether the rehabilitated property is used for multiple or revenue-producing
23purposes. No credit may be claimed under this subdivision for property listed as a
24contributing building in the state register of historic places or in the national register
25of historic places and no credit may be claimed under this subdivision for nonhistoric,

1nonresidential property converted into housing if the property has been previously
2used for housing.
AB56,891 3Section 891. 71.07 (9m) (cn) (intro.) of the statutes is amended to read:
AB56,619,64 71.07 (9m) (cn) (intro.) For taxable years beginning after December 31, 2014,
5and before January 1, 2019, the Wisconsin Economic Development Corporation shall
6certify a person to claim a credit under par. (a) 3. if all of the following apply:
AB56,892 7Section 892. 71.07 (9m) (e) of the statutes is renumbered 71.07 (9m) (e) 1.
AB56,893 8Section 893. 71.07 (9m) (e) 2. of the statutes is created to read:
AB56,619,129 71.07 (9m) (e) 2. No credit may be claimed under par. (a) 3. for taxable years
10beginning after December 31, 2018. Credits under par. (a) 3. for taxable years that
11begin before January 1, 2019, may be carried forward to taxable years that begin
12after December 31, 2018.
AB56,894 13Section 894 . 71.10 (4) (cs) of the statutes is created to read:
AB56,619,1514 71.10 (4) (cs) Additional household and dependent care expenses tax credit
15under s. 71.07 (8m).
AB56,895 16Section 895. 71.10 (4) (gye) of the statutes is created to read:
AB56,619,1717 71.10 (4) (gye) Family and individual reinvestment credit under s. 71.07 (5me).
AB56,896 18Section 896 . 71.10 (4) (i) of the statutes is amended to read:
AB56,620,819 71.10 (4) (i) The total of claim of right credit under s. 71.07 (1), farmland
20preservation credit under ss. 71.57 to 71.61, farmland preservation credit, 2010 and
21beyond under s. 71.613, homestead credit under subch. VIII, farmland tax relief
22credit under s. 71.07 (3m), dairy manufacturing facility investment credit under s.
2371.07 (3p), jobs tax credit under s. 71.07 (3q), meat processing facility investment
24credit under s. 71.07 (3r), woody biomass harvesting and processing credit under s.
2571.07 (3rm), food processing plant and food warehouse investment credit under s.

171.07 (3rn), business development credit under s. 71.07 (3y), research credit under
2s. 71.07 (4k) (e) 2. a. and am., film production services credit under s. 71.07 (5f), film
3production company investment credit under s. 71.07 (5h), veterans and surviving
4spouses property tax credit under s. 71.07 (6e), enterprise zone jobs credit under s.
571.07 (3w), electronics and information technology manufacturing zone credit under
6s. 71.07 (3wm), beginning farmer and farm asset owner tax credit under s. 71.07 (8r),
7earned income tax credit under s. 71.07 (9e), estimated tax payments under s. 71.09,
8and taxes withheld under subch. X.
AB56,897 9Section 897 . 71.10 (4) (k) of the statutes is created to read:
AB56,620,1010 71.10 (4) (k) Any amount computed under s. 71.83 (1) (ch).
AB56,898 11Section 898 . 71.10 (10) of the statutes is created to read:
AB56,620,1312 71.10 (10) First-time home buyers savings accounts. (a) Definitions. In this
13subsection:
AB56,620,1514 1. “Account holder” means an individual who creates, individually or jointly
15with his or her spouse, an account under this subsection.
AB56,620,1716 2. “Allowable closing costs” means disbursements listed in a settlement
17statement for the purchase of a single-family residence by an account holder.
AB56,620,1918 3. “Beneficiary" means a first-time home buyer who is designated by an
19account holder as the beneficiary of an account under this subsection.
AB56,620,2120 4. “Eligible costs” means the down payment and allowable closing costs for the
21purchase of a single-family residence in this state by a beneficiary.
AB56,621,222 5. “Financial institution" means any bank, trust company, savings institution,
23savings bank, savings and loan association, industrial loan association, consumer
24finance company, credit union, or any benefit association, insurance company, safe

1deposit company, money market mutual fund, or similar entity authorized to do
2business in this state.
AB56,621,63 6. “First-time home buyer” means an individual who resides in this state and
4has not owned or purchased, either individually or jointly, a single-family residence
5during the 36 months before the month in which the individual purchases a
6single-family residence in this state.
AB56,621,107 7. “Single-family residence” means a residence intended for occupation by a
8single family unit that is owned and occupied by a beneficiary as his or her principal
9residence, including a manufactured home, residential trailer, mobile home,
10condominium unit, or cooperative.
AB56,621,1311 (b) Creation of account. 1. An individual may become an account holder by
12creating an account at a financial institution to pay or reimburse the eligible costs
13of a first-time home buyer.
AB56,621,1714 2. The account holder shall designate a beneficiary when the account is created.
15The account holder may designate himself or herself as the beneficiary. An account
16holder may change the beneficiary at any time. No account created under this
17subsection may have more than one beneficiary at any one time.
AB56,621,1918 3. An individual may jointly own an account created under this subsection with
19his or her spouse.
AB56,621,2220 4. An individual may be the account holder of more than one account created
21under this subsection, but an account holder may not have more than one account
22that designates the same beneficiary.
AB56,621,2423 5. An individual may be the beneficiary of more than one account created under
24this subsection.
AB56,622,2
16. Only cash and marketable securities may be contributed to an account under
2this subsection.
AB56,622,53 7. Persons other than an account holder may contribute to an account created
4under this subsection, but the subtraction under s. 71.05 (6) (b) 54. may be claimed
5only by an account holder.
AB56,622,96 (c) Account holder rights and responsibilities. 1. An account holder may
7withdraw funds from an account created under this subsection to pay eligible costs
8for the benefit of the beneficiary or to reimburse the beneficiary for eligible costs the
9beneficiary incurs and has paid.
AB56,622,1210 2. An account holder may not use funds in an account created under this
11subsection to pay any expenses he or she incurs in administering the account,
12although a financial institution may deduct a service fee from the account.
AB56,622,1613 3. Annually, an account holder shall submit to the department of revenue with
14his or her income tax return, on forms prepared by the department, detailed
15information regarding the account. The information submitted shall include all of
16the following:
AB56,622,1917 a. A list of transactions in the account during the taxable year to which the
18account holder's return relates, including the beginning and ending balance of the
19account.
AB56,622,2020 b. The 1099 form issued by the financial institution that relates to the account.
AB56,622,2221 c. A list of eligible costs, and other costs, for which funds from the account were
22withdrawn during the taxable year to which the account holder's return relates.
AB56,623,223 4. An account holder may withdraw funds from the account with no penalty due
24under s. 71.83 (1) (ch) and no responsibility to make an addition under s. 71.05 (6)
25(a) 29., if he or she immediately transfers the funds to a different financial institution

1and deposits the funds into an account created under this subsection at that financial
2institution.
AB56,623,53 (d) Limitations on accounts, dissolution. 1. An account holder may not claim
4a subtraction under s. 71.05 (6) (b) 54. for more than a total of $50,000 of deposits into
5an account for each beneficiary.
AB56,623,76 2. An account holder shall dissolve an account created under this subsection
7not later than 120 months after it is created by the account holder.
AB56,623,108 3. If funds remain in an account when it must be dissolved under subd. 2., the
9financial institution shall distribute the proceeds in the account to the account
10holder.
AB56,623,1211 4. If an account holder dies while funds remain in the account, the proceeds
12shall be distributed to the account holder's estate.
AB56,623,1313 (e) Department responsibilities. The department shall:
AB56,623,1714 1. Prepare and distribute any forms that an account holder is required to
15submit under this subsection, and any other forms that the department believes are
16necessary to enable it to administer this subsection and the adjustments to income
17under s. 71.05 (6) (a) 29. and (b) 54.
AB56,623,1918 2. Prepare and distribute to financial institutions and potential home buyers
19informational materials about the accounts described in this subsection.
AB56,899 20Section 899. 71.21 (4) (a) of the statutes is amended to read:
AB56,623,2421 71.21 (4) (a) The amount of the credits computed by a partnership under s.
2271.07 (2dm), (2dx), (2dy), (3g), (3h), (3n), (3p), (3q), (3r), (3rm), (3rn), (3s), (3t), (3w),
23(3wm), (3y), (4k), (4n), (5e), (5f), (5g), (5h), (5i), (5j), (5k), (5r), (5rm), (6n), (8b), (8r),
24and (10) and passed through to partners shall be added to the partnership's income.
AB56,900 25Section 900. 71.21 (7) of the statutes is created to read:
AB56,624,5
171.21 (7) A deduction under the Internal Revenue Code for moving expenses,
2as defined in s. 71.01 (8j), paid or incurred during the taxable year to move the
3taxpayer's Wisconsin business operation, in whole or in part, to a location outside the
4state or to move the taxpayer's business operation outside the United States is not
5allowed.
AB56,901 6Section 901. 71.22 (1e) of the statutes is repealed.
AB56,902 7Section 902. 71.22 (4) (c) of the statutes is repealed.
AB56,903 8Section 903. 71.22 (4) (j) 3. m. of the statutes is created to read:
AB56,624,109 71.22 (4) (j) 3. m. Sections 101 (m), (n), (o), (p), and (q) and 104 (a) of division
10U of P.L. 115-141.
AB56,904 11Section 904. 71.22 (4) (k) 3. of the statutes is amended to read:
AB56,624,1512 71.22 (4) (k) 3. For purposes of this paragraph, “Internal Revenue Code" does
13not include amendments to the federal Internal Revenue Code enacted after
14December 31, 2016, except that “Internal Revenue Code” includes sections 11024,
1511025, and 13543 of P.L. 115-97 and sections 40307 and 40413 of P.L. 115-123.
AB56,905 16Section 905. 71.22 (4) (L) 1. of the statutes is amended to read:
AB56,624,2117 71.22 (4) (L) 1. For taxable years beginning after December 31, 2017, and
18before January 1, 2019,
“Internal Revenue Code" means the federal Internal
19Revenue Code as amended to December 31, 2017, except as provided in subds. 2. and
203. and subject to subd. 4., and except as provided in sub. (4m) and ss. 71.26 (2) (b) and
21(3), 71.34 (1g), 71.42 (2), and 71.98.
AB56,906 22Section 906. 71.22 (4) (L) 4. of the statutes is amended to read:
AB56,625,323 71.22 (4) (L) 4. For purposes of this paragraph, the provisions of federal public
24laws that directly or indirectly affect the Internal Revenue Code, as defined in this
25paragraph, apply for Wisconsin purposes at the same time as for federal purposes,

1except that changes made by P.L. 115-63 and sections 11026, 11027, 11028, 13207,
213306, 13307, 13308, 13311, 13312, 13501, 13705, 13821, and 13823 of P.L. 115-97
3first apply for taxable years beginning after December 31, 2017
.
AB56,907 4Section 907. 71.22 (4) (m) of the statutes is created to read:
AB56,625,85 71.22 (4) (m) 1. For taxable years beginning after December 31, 2018, “Internal
6Revenue Code" means the federal Internal Revenue Code as amended to December
731, 2018, except as provided in subds. 2. and 3. and subject to subd. 4., and except
8as provided in sub. (4m) and ss. 71.26 (2) (b) and (3), 71.34 (1g), 71.42 (2), and 71.98.
AB56,626,49 2. For purposes of this paragraph, “Internal Revenue Code" does not include
10the following provisions of federal public laws for taxable years beginning after
11December 31, 2018: section 13113 of P.L. 103-66; sections 1, 3, 4, and 5 of P.L.
12106-519; sections 101, 102, and 422 of P.L. 108-357; sections 1310 and 1351 of P.L.
13109-58; section 11146 of P.L. 109-59; section 403 (q) of P.L. 109-135; section 513 of
14P.L. 109-222; sections 104 and 307 of P.L. 109-432; sections 8233 and 8235 of P.L.
15110-28; section 11 (e) and (g) of P.L. 110-172; section 301 of P.L. 110-245; section
1615351 of P.L. 110-246; section 302 of division A, section 401 of division B, and sections
17312, 322, 502 (c), 707, and 801 of division C of P.L. 110-343; sections 1232, 1241, 1251,
181501, and 1502 of division B of P.L. 111-5; sections 211, 212, 213, 214, and 216 of P.L.
19111-226; sections 2011 and 2122 of P.L. 111-240; sections 753, 754, and 760 of P.L.
20111-312; section 1106 of P.L. 112-95; sections 104, 318, 322, 323, 324, 326, 327, and
21411 of P.L. 112-240; P.L. 114-7; section 1101 of P.L. 114-74; section 305 of division
22P of P.L. 114-113; sections 123, 125 to 128, 143, 144, 151 to 153, 165 to 167, 169 to
23171, 189, 191, 307, 326, and 411 of division Q of P.L. 114-113; sections 11011, 13201
24(a) to (e) and (g), 13801, 14101, 14102, 14103, 14201, 14202, 14211, 14212, 14213,
2514214, 14215, 14221, 14222, 14301, 14302, 14304, and 14401 of P.L. 115-97; sections

140304, 40305, 40306, and 40412 of P.L. 115-123; section 101 (c) of division T of P.L.
2115-141; and sections 101 (d) and (e), 102, 201 to 207, 301, 302, and 401 (a) (47) and
3(195), (b) (13), (17), (22) and (30), and (d) (1) (D) (v), (vi), and (xiii) and (xvii) (II) of
4division U of P.L. 115-141.
AB56,626,65 3. For purposes of this paragraph, “Internal Revenue Code" does not include
6amendments to the federal Internal Revenue Code enacted after December 31, 2018.
AB56,626,147 4. For purposes of this paragraph, the provisions of federal public laws that
8directly or indirectly affect the Internal Revenue Code, as defined in this paragraph,
9apply for Wisconsin purposes at the same time as for federal purposes, except that
10changes made by sections 11012, 13221, 13301, 13304 (a) and (b), 13531, and 13601
11of P.L. 115-97, 20101, 20102, 20104, 20201, 40201, 40202, 40203, 40308, 40309,
1240311, 40414, 41101, 41107, 41115, and 41116 of PL. 115-123 and section 101 (a), (b),
13and (h) of division U of P.L. 115-141 apply for taxable years beginning after
14December 31, 2018.
AB56,908 15Section 908. 71.22 (4m) (c) of the statutes is repealed.
AB56,909 16Section 909. 71.22 (4m) (j) 3. m. of the statutes is created to read:
AB56,626,1817 71.22 (4m) (j) 3. m. Sections 101 (m), (n), (o), (p), and (q) and 104 (a) of division
18U of P.L. 115-141.
AB56,910 19Section 910. 71.22 (4m) (k) 3. of the statutes is amended to read:
AB56,626,2320 71.22 (4m) (k) 3. For purposes of this paragraph, “Internal Revenue Code" does
21not include amendments to the federal Internal Revenue Code enacted after
22December 31, 2016, except that “Internal Revenue Code” includes sections 11024,
2311025, and 13543 of P.L. 115-97 and sections 40307 and 40413 of P.L. 115-123.
AB56,911 24Section 911. 71.22 (4m) (L) 1. of the statutes is amended to read:
AB56,627,5
171.22 (4m) (L) 1. For taxable years beginning after December 31, 2017, and
2before January 1, 2019,
“Internal Revenue Code", for corporations that are subject
3to a tax on unrelated business income under s. 71.26 (1) (a), means the federal
4Internal Revenue Code as amended to December 31, 2017, except as provided in
5subds. 2. and 3. and s. 71.98 and subject to subd. 4.
AB56,912 6Section 912. 71.22 (4m) (L) 4. of the statutes is amended to read:
AB56,627,127 71.22 (4m) (L) 4. For purposes of this paragraph, the provisions of federal
8public laws that directly or indirectly affect the Internal Revenue Code, as defined
9in this paragraph, apply for Wisconsin purposes at the same time as for federal
10purposes, except that changes made by P.L. 115-63 and sections 11026, 11027, 11028,
1113207, 13306, 13307, 13308, 13311, 13312, 13501, 13705, 13821, and 13823 of P.L.
12115-97 first apply for taxable years beginning after December 31, 2017
.
AB56,913 13Section 913. 71.22 (4m) (m) of the statutes is created to read:
AB56,627,1814 71.22 (4m) (m) 1. For taxable years beginning after December 31, 2018,
15“Internal Revenue Code,” for corporations that are subject to a tax on unrelated
16business income under s. 71.26 (1) (a), means the federal Internal Revenue Code as
17amended to December 31, 2018, except as provided in subds. 2. and 3. and s. 71.98
18and subject to subd. 4.
AB56,628,1419 2. For purposes of this paragraph, “Internal Revenue Code" does not include
20the following provisions of federal public laws for taxable years beginning after
21December 31, 2018: section 13113 of P.L. 103-66; sections 1, 3, 4, and 5 of P.L.
22106-519; sections 101, 102, and 422 of P.L. 108-357; sections 1310 and 1351 of P.L.
23109-58; section 11146 of P.L. 109-59; section 403 (q) of P.L. 109-135; section 513 of
24P.L. 109-222; sections 104 and 307 of P.L. 109-432; sections 8233 and 8235 of P.L.
25110-28; section 11 (e) and (g) of P.L. 110-172; section 301 of P.L. 110-245; section

115351 of P.L. 110-246; section 302 of division A, section 401 of division B, and sections
2312, 322, 502 (c), 707, and 801 of division C of P.L. 110-343; sections 1232, 1241, 1251,
31501, and 1502 of division B of P.L. 111-5; sections 211, 212, 213, 214, and 216 of P.L.
4111-226; sections 2011 and 2122 of P.L. 111-240; sections 753, 754, and 760 of P.L.
5111-312; section 1106 of P.L. 112-95; sections 104, 318, 322, 323, 324, 326, 327, and
6411 of P.L. 112-240; P.L. 114-7; section 1101 of P.L. 114-74; section 305 of division
7P of P.L. 114-113; sections 123, 125 to 128, 143, 144, 151 to 153, 165 to 167, 169 to
8171, 189, 191, 307, 326, and 411 of division Q of P.L. 114-113; sections 11011, 13201
9(a) to (e) and (g), 13801, 14101, 14102, 14103, 14201, 14202, 14211, 14212, 14213,
1014214, 14215, 14221, 14222, 14301, 14302, 14304, and 14401 of P.L. 115-97; sections
1140304, 40305, 40306, and 40412 of P.L. 115-123; section 101 (c) of division T of P.L.
12115-141; and sections 101 (d) and (e), 102, 201 to 207, 301, 302, and 401 (a) (47) and
13(195), (b) (13), (17), (22) and (30), and (d) (1) (D) (v), (vi), and (xiii) and (xvii) (II) of
14division U of P.L. 115-141.
AB56,628,1615 3. For purposes of this paragraph, “Internal Revenue Code" does not include
16amendments to the federal Internal Revenue Code enacted after December 31, 2018.
AB56,628,2417 4. For purposes of this paragraph, the provisions of federal public laws that
18directly or indirectly affect the Internal Revenue Code, as defined in this paragraph,
19apply for Wisconsin purposes at the same time as for federal purposes, except that
20changes made by sections 11012, 13221, 13301, 13304 (a) and (b), 13531, and 13601
21of P.L. 115-97, 20101, 20102, 20104, 20201, 40201, 40202, 40203, 40308, 40309,
2240311, 40414, 41101, 41107, 41115, and 41116 of PL. 115-123 and section 101 (a), (b),
23and (h) of division U of P.L. 115-141 apply for taxable years beginning after
24December 31, 2018.
AB56,914 25Section 914. 71.22 (5g) of the statutes is created to read:
AB56,629,2
171.22 (5g) For purposes of subs. (4) (b) and (4m) (b), 2013 stats., “Internal
2Revenue Code” includes section 109 of division U of P.L. 115-141.
AB56,915 3Section 915. 71.25 (9) (dh) 3. of the statutes is amended to read:
AB56,629,74 71.25 (9) (dh) 3. Except as provided in subd. 4. if If the purchaser of a service
5receives the benefit of a service in more than one state, the gross receipts from the
6performance of the service are included in the numerator of the sales factor according
7to the portion of the service received in this state.
AB56,916 8Section 916. 71.25 (9) (dh) 4. of the statutes is repealed.
AB56,917 9Section 917. 71.25 (9) (dj) 1. (intro.) of the statutes is renumbered 71.25 (9)
10(dj) (intro.) and amended to read:
AB56,629,1611 71.25 (9) (dj) (intro.) Except as provided in subd. 2m. and par. (df), gross
12royalties and other gross receipts received for the use or license of intangible
13property, including patents, copyrights, trademarks, trade names, service names,
14franchises, licenses, plans, specifications, blueprints, processes, techniques,
15formulas, designs, layouts, patterns, drawings, manuals, technical know-how,
16contracts, and customer lists, are sales in this state if any of the following applies:
AB56,918 17Section 918. 71.25 (9) (dj) 1. a. of the statutes is renumbered 71.25 (9) (dj) 1n.
18and amended to read:
AB56,629,2519 71.25 (9) (dj) 1n. The purchaser or licensee uses the intangible property in the
20operation of a trade or business at a location in this state. Except as provided in subd.
212m., if
If the purchaser or licensee uses the intangible property in the operation of
22a trade or business in more than one state, the gross royalties and other gross
23receipts from the use of the intangible property shall be divided between those states
24having jurisdiction to impose an income tax on the taxpayer in proportion to the use
25of the intangible property in those states.
AB56,919
1Section 919. 71.25 (9) (dj) 1. b. of the statutes is renumbered 71.25 (9) (dj) 2n.
Loading...
Loading...