AB1125,,166 2. Any person, including a nonprofit entity described in section 501 (c) (3) of the Internal Revenue Code, may sell or otherwise transfer a credit under this subsection, in whole or in part, to another person who is subject to the taxes imposed under s. 71.02, 71.23, or 71.43, if the person notifies the department of the transfer, and submits with the notification a copy of the transfer documents, and the department certifies ownership of the credit. The transferee may first use the credit to offset tax of the transferor in the taxable year in which the transfer occurs and may use the credit only to offset tax in taxable years in which the credit is otherwise allowed to be claimed and carried forward by the original claimant.

AB1125,22 Section 22. 71.49 (1) (epr) of the statutes is created to read:

AB1125,,168 71.49 (1) (epr) Film production company investment credit under s. 71.47 (5h).

AB1125,23 Section 23. 71.49 (1) (eps) of the statutes is created to read:

AB1125,,170 71.49 (1) (eps) Film production services credit under s. 71.47 (5f) (b) 1. and 3.

AB1125,24 Section 24. 71.49 (1) (f) of the statutes is amended to read:

AB1125,,172 71.49 (1) (f) The total of farmland preservation credit under subch. IX, jobs credit under s. 71.47 (3q), enterprise zone jobs credit under s. 71.47 (3w), business development credit under s. 71.47 (3y), research credit under s. 71.47 (4) (k) 1., film production services credit under s. 71.47 (5f) (b) 2., and estimated tax payments under s. 71.48.

AB1125,,173 (end)