AB68-SSA1,672,724
71.07
(3w) (bm) 4. In addition to the credits under
par. pars. (b)
and (bd) and
25subds. 1., 2.,
and 3.,
and 5., and subject to the limitations provided in this subsection
1and s. 238.399 or s. 560.799, 2009 stats., for taxable years beginning after December
231, 2009, a claimant may claim as a credit against the tax imposed under s. 71.02 or
371.08, up to 1 percent of the amount that the claimant paid in the taxable year to
4purchase tangible personal property, items, property, or goods under s. 77.52 (1) (b),
5(c), or (d), or services from Wisconsin vendors, as determined under s. 238.399 (5) (e)
6or s. 560.799 (5) (e), 2009 stats., except that the claimant may not claim the credit
7under this subdivision and subd. 3. for the same expenditures.
AB68-SSA1,1318
8Section
1318. 71.07 (3w) (bm) 5. of the statutes is renumbered 71.07 (3w) (bm)
95. (intro.) and amended to read:
AB68-SSA1,672,1610
71.07
(3w) (bm) 5. (intro.) In addition to the credits under
par. pars. (b)
and (bd) 11and subds. 1. to 4., and subject to the limitations provided in this subsection and s.
12238.399 or s. 560.799, 2009 stats., a claimant that has retained the minimum number
13of full-time employees determined under s. 238.399 (5) (f) and maintained average
14zone payroll for the taxable year equal to or greater than the base year may claim
15as a credit against the tax imposed under s. 71.02 or 71.08
one of the following
16amounts:
AB68-SSA1,673,2
17a. For a claimant whose award is certified prior to January 1, 2022, an amount
18equal to the percentage, as determined by the Wisconsin Economic Development
19Corporation, of the claimant's zone payroll paid in the 12 months prior to the
20certification date to the claimant's full-time employees in the enterprise zone whose
21annual wages are greater than the amount determined by multiplying 2,080 by 150
22percent of the federal minimum wage in a tier I county or municipality or greater
23than $30,000 in a tier II county or municipality.
The amount that the claimant may
24claim as credit under this subdivision for a taxable year shall not exceed $2,000,000.
1A claimant may claim a credit under this subdivision for no more than 5 consecutive
2taxable years.
AB68-SSA1,1319
3Section
1319. 71.07 (3w) (bm) 5. b. of the statutes is created to read:
AB68-SSA1,673,94
71.07
(3w) (bm) 5. b. For a claimant whose award is certified after December
531, 2020, an amount equal to the percentage, as determined by the Wisconsin
6Economic Development Corporation, of the claimant's zone payroll paid in the 12
7months prior to the certification date to the claimant's full-time employees in the
8enterprise zone whose annual wages are greater than $27,900 in a tier I county or
9municipality or greater than $37,000 in a tier II county or municipality.
AB68-SSA1,1320
10Section
1320. 71.07 (3w) (c) 2. of the statutes is renumbered 71.07 (3w) (c) 2.
11a. and amended to read:
AB68-SSA1,673,2012
71.07
(3w) (c) 2. a.
Partnerships
Except as provided in subd. 2. b., partnerships,
13limited liability companies, and tax-option corporations may not claim the credit
14under this subsection, but the eligibility for, and the amount of, the credit are based
15on their payment of amounts described under pars. (b) and (bm). A partnership,
16limited liability company, or tax-option corporation shall compute the amount of
17credit that each of its partners, members, or shareholders may claim and shall
18provide that information to each of them. Partners, members of limited liability
19companies, and shareholders of tax-option corporations may claim the credit in
20proportion to their ownership interests.
AB68-SSA1,1321
21Section
1321. 71.07 (3w) (c) 2. b. of the statutes is created to read:
AB68-SSA1,674,922
71.07
(3w) (c) 2. b. For taxable years beginning after December 31, 2020,
23partnerships, limited liability companies, and tax-option corporations may elect to
24claim the credit under this subsection, if the credit results from a contract entered
25into with the Wisconsin Economic Development Corporation before December 22,
12017. A partnership, limited liability company, or tax-option corporation that
2wishes to make the election under this subd. 2. b. shall make the election for each
3taxable year on its original return and may not subsequently make or revoke the
4election. If a partnership, limited liability company, or tax-option corporation elects
5to claim the credit under this subsection, the partners, members, and shareholders
6may not claim the credit under this subsection. The credit may not be claimed under
7this subd. 2. b. if one or more partners, members, or shareholders have claimed the
8credit under this subsection for the same taxable year for which the credit is claimed
9under this subd. 2. b.
AB68-SSA1,1322
10Section
1322. 71.07 (3w) (c) 5. of the statutes is created to read:
AB68-SSA1,674,1211
71.07
(3w) (c) 5. A claimant may claim a credit under par. (bm) 2. for no more
12than 5 consecutive taxable years.
AB68-SSA1,1323
13Section
1323. 71.07 (3w) (c) 6. of the statutes is created to read:
AB68-SSA1,674,1614
71.07
(3w) (c) 6. The amount that the claimant may claim as credit under par.
15(bm) 5. for a taxable year may not exceed $2,000,000. A claimant may claim a credit
16under par. (bm) 5. for no more than 5 consecutive taxable years.
AB68-SSA1,1324
17Section
1324. 71.07 (3w) (cm) of the statutes is created to read:
AB68-SSA1,675,318
71.07
(3w) (cm)
Inflation adjustments. For taxable years beginning after
19December 31, 2022, the dollar amounts in pars. (a) 6. b., (bd) 1. a. and b., 2., and 3.,
20and (bm) 2. b. and 5. b. shall be increased each year by a percentage equal to the
21percentage change between the U.S. consumer price index for all urban consumers,
22U.S. city average, for the month of August of the previous year and the U.S. consumer
23price index for all urban consumers, U.S. city average, for the month of August of the
24year before the previous year, as determined by the federal department of labor.
25Each amount that is revised under this paragraph shall be rounded to the nearest
1multiple of $10 if the revised amount is not a multiple of $10 or, if the revised amount
2is a multiple of $5, such an amount shall be increased to the next higher multiple of
3$10.
AB68-SSA1,1325
4Section
1325. 71.07 (3y) (b) 5. of the statutes is amended to read:
AB68-SSA1,675,115
71.07
(3y) (b) 5. An amount, as determined by the Wisconsin Economic
6Development Corporation under s. 238.308 (4) (a) 5., equal to a percentage of the
7amount of wages that the claimant paid to an eligible employee in the taxable year
8if the position in which the eligible employee was employed was created or retained
9in connection with the claimant's location or retention of the claimant's corporate
10headquarters in Wisconsin
and the job duties associated with the eligible employee's
11position involve the performance of corporate headquarters functions.
AB68-SSA1,1326
12Section
1326. 71.07 (3y) (b) 6. of the statutes is created to read:
AB68-SSA1,675,1613
71.07
(3y) (b) 6. An amount, as determined by the Wisconsin Economic
14Development Corporation under s. 238.308 (4) (a) 6., equal to a percentage, not to
15exceed 25 percent, of the claimant's energy efficiency or renewable energy project
16expenditures on real or personal property located in this state.
AB68-SSA1,1327
17Section
1327. 71.07 (3y) (c) 1. of the statutes is renumbered 71.07 (3y) (c) 1.
18a. and amended to read:
AB68-SSA1,676,219
71.07
(3y) (c) 1. a.
Partnerships
Except as provided in subd. 1. b., partnerships,
20limited liability companies, and tax-option corporations may not claim the credit
21under this subsection, but the eligibility for, and the amount of, the credit are based
22on their payment of amounts under par. (b). A partnership, limited liability company,
23or tax-option corporation shall compute the amount of credit that each of its
24partners, members, or shareholders may claim and shall provide that information
25to each of them. Partners, members of limited liability companies, and shareholders
1of tax-option corporations may claim the credit in proportion to their ownership
2interests.
AB68-SSA1,1328
3Section
1328. 71.07 (3y) (c) 1. b. of the statutes is created to read:
AB68-SSA1,676,164
71.07
(3y) (c) 1. b. For taxable years beginning after December 31, 2020,
5partnerships, limited liability companies, and tax-option corporations may elect to
6claim the credit under this subsection, if the credit results from a contract entered
7into with the Wisconsin Economic Development Corporation before December 22,
82017. A partnership, limited liability company, or tax-option corporation that
9wishes to make the election under this subd. 1. b. shall make the election for each
10taxable year on its original return and may not subsequently make or revoke the
11election. If a partnership, limited liability company, or tax-option corporation elects
12to claim the credit under this subsection, the partners, members, and shareholders
13may not claim the credit under this subsection. The credit may not be claimed under
14this subd. 1. b. if one or more partners, members, or shareholders have claimed the
15credit under this subsection for the same taxable year for which the credit is claimed
16under this subd. 1. b.
AB68-SSA1,1329
17Section
1329. 71.07 (4k) (e) 2. a. of the statutes is amended to read:
AB68-SSA1,677,218
71.07
(4k) (e) 2. a.
The For taxable years beginning before January 1, 2021, the 19amount of the claim not used to offset the tax due, not to exceed 10 percent of the
20allowable amount of the claim under par. (b) 4., 5., or 6., shall be certified by the
21department of revenue to the department of administration for payment by check,
22share draft, or other draft drawn from the appropriation account under s. 20.835 (2)
23(d).
For taxable years beginning after December 31, 2020, the amount of the claim
24not used to offset the tax due, not to exceed 20 percent of the allowable amount of the
25claim under par. (b) 4., 5., or 6., shall be certified by the department of revenue to the
1department of administration for payment by check, share draft, or other draft
2drawn from the appropriation account under s. 20.835 (2) (d).
AB68-SSA1,1330
3Section 1330
. 71.07 (4t) of the statutes is created to read:
AB68-SSA1,677,44
71.07
(4t) Work opportunity tax credit. (a)
Definitions. In this subsection:
AB68-SSA1,677,65
1. “Claimant” means a person who is an employer of a targeted group member
6and who files a claim under this subsection.