71.07(5n)(a)8.f.f. Income from the lease, rental, license, sale, exchange, or other disposition of land. 71.07(5n)(a)9.9. “Qualified production property” means any of the following: 71.07(5n)(a)9.a.a. Tangible personal property manufactured in whole or in part by the claimant on property that is located in this state and assessed as manufacturing property under s. 70.995. Tangible personal property manufactured in this state may only be qualified production property if it is manufactured on property approved to be classified as manufacturing real property for purposes of s. 70.995, even if it is not eligible to be listed on the department’s manufacturing roll until January 1 of the following year. 71.07(5n)(a)9.b.b. Tangible personal property produced, grown, or extracted in whole or in part by the claimant on or from property assessed as agricultural property under s. 70.32 (2) (a) 4. 71.07(5n)(a)9.c.c. Tangible personal property manufactured in whole or in part by the claimant at an establishment that is located in this state and classified as manufacturing under s. 70.995 (5n). A person wishing to classify the person’s establishment as manufacturing under this subd. 9. c. shall file an application in the form and manner prescribed by the department no later than July 1 of the taxable year for which the person wishes to claim the credit under this subsection, pursuant to s. 70.995 (5n). The department shall make a determination and provide written notice by December 31 of the year in which the application is filed. A determination on the classification under this subd. 9. c. may be appealed as provided under s. 70.995 (5n). 71.07(5n)(b)(b) Filing claims. Subject to the limitations provided in this subsection, a claimant may claim as a credit against the tax imposed under s. 71.02, up to the amount of the tax, an amount equal to one of the following percentages of the claimant’s eligible qualified production activities income in the taxable year: 71.07(5n)(b)1.1. For taxable years beginning after December 31, 2012, and before January 1, 2014, 1.875 percent. 71.07(5n)(b)2.2. For taxable years beginning after December 31, 2013, and before January 1, 2015, 3.75 percent. 71.07(5n)(b)3.3. For taxable years beginning after December 31, 2014, and before January 1, 2016, 5.025 percent. 71.07(5n)(b)4.4. For taxable years beginning after December 31, 2015, 7.5 percent. 71.07(5n)(c)1.1. Partnerships, limited liability companies, and tax-option corporations may not claim the credit under this subsection, but the eligibility for, and the amount of, the credit are based on their share of the income described under par. (b). A partnership, limited liability company, or tax-option corporation shall compute the amount of credit that each of its partners, members, or shareholders may claim and shall provide that information to each of them. Partners, members of limited liability companies, and shareholders of tax-option corporations may claim the credit in proportion to their ownership interests. 71.07(5n)(c)2.2. The credit under par. (b), including any credits carried over, may be offset only against the amount of the tax imposed upon or measured by the business operations of the claimant on which the credit is computed. 71.07(5n)(c)3.3. For shareholders of a tax-option corporation, the credit may be offset only against the tax imposed on the shareholder’s prorated share of the tax-option corporation’s income. 71.07(5n)(c)4.4. For partners of a partnership, the credit may be offset only against the tax imposed on the partner’s distributive share of partnership income. 71.07(5n)(c)5.5. For members of a limited liability company, the credit may be offset only against the tax imposed on the member’s distributive share of the limited liability company’s income. 71.07(5n)(d)2.2. For purposes of determining a claimant’s eligible qualified production activities income under this subsection, the claimant shall multiply the claimant’s qualified production activities income from property manufactured by the claimant by the manufacturing property factor and qualified production activities income from property produced, grown, or extracted by the claimant by the agriculture property factor. This subdivision does not apply if the claimant’s entire qualified production activities income results from the sale of tangible personal property that was manufactured, produced, grown, or extracted wholly in this state by the claimant. 71.07(5n)(d)3.3. The amount of the eligible qualified production activities income that a claimant may claim in computing the credit under par. (b) shall be reduced by the amount of the qualified production activities income taxed by another state upon which the credit under sub. (7) is claimed. 71.07(5r)(5r) Postsecondary education credit. 71.07(5r)(a)1.1. “Claimant” means a sole proprietor, a partner, a member of a limited liability company, or a shareholder of a tax-option corporation who files a claim under this subsection. 71.07(5r)(a)3.3. “Family member” means a spouse or an individual related by blood, marriage, or adoption within the 3rd degree of kinship as computed under s. 990.001 (16). 71.07(5r)(a)4.4. “Managing employee” means an individual who wholly or partially exercises operational or managerial control over, or who directly or indirectly conducts, the operation of the claimant’s business. 71.07(5r)(a)5.5. “Paid or incurred” includes any amount paid by the claimant to reimburse an individual for the tuition that the individual paid or incurred. 71.07(5r)(a)6.6. “Qualified postsecondary institution” means all of the following: 71.07(5r)(a)6.a.a. A University of Wisconsin System institution, a technical college system institution, or a regionally accredited 4-year nonprofit college or university having its regional headquarters and principal place of business in this state.