SB70-AA1,537,54
4. Multiply the amount determined under subd. 3. by the amount determined
5under subd. 1.
SB70-AA1,537,76
5. Multiply the amount determined under subd. 4. by the percentage
7determined under s. 238.399, not to exceed 7 percent.
SB70-AA1,1169
8Section
1169. 71.47 (3w) (bm) 1. of the statutes is amended to read:
SB70-AA1,537,199
71.47
(3w) (bm) 1. In addition to the credits under
par. pars. (b)
and (bd) and
10subds. 2., 3., and 4., and subject to the limitations provided in this subsection and s.
11238.399 or s. 560.799, 2009 stats., a claimant may claim as a credit against the tax
12imposed under s. 71.43 an amount equal to a percentage, as determined under s.
13238.399 or s. 560.799, 2009 stats., not to exceed 100 percent, of the amount the
14claimant paid in the taxable year to upgrade or improve the job-related skills of any
15of the claimant's full-time employees, to train any of the claimant's full-time
16employees on the use of job-related new technologies, or to provide job-related
17training to any full-time employee whose employment with the claimant represents
18the employee's first full-time job. This subdivision does not apply to employees who
19do not work in an enterprise zone.
SB70-AA1,1170
20Section
1170. 71.47 (3w) (bm) 2. of the statutes is renumbered 71.47 (3w) (bm)
212. (intro.) and amended to read:
SB70-AA1,537,2522
71.47
(3w) (bm) 2. (intro.) In addition to the credits under
par. pars. (b)
and (bd) 23and subds. 1., 3., and 4., and subject to the limitations provided in this subsection and
24s. 238.399 or s. 560.799, 2009 stats., a claimant may claim as a credit against the tax
25imposed under s. 71.43
one of the following amounts:
SB70-AA1,538,12
1a. For a claimant whose contract is executed prior to January 1, 2024, an
2amount equal to the percentage, as determined under s. 238.399 or s. 560.799, 2009
3stats., not to exceed 7 percent, of the claimant's zone payroll paid in the taxable year
4to all of the claimant's full-time employees whose annual wages are greater than the
5amount determined by multiplying 2,080 by 150 percent of the federal minimum
6wage in a tier I county or municipality, not including the wages paid to the employees
7determined under par. (b) 1., or greater than $30,000 in a tier II county or
8municipality, not including the wages paid to the employees determined under par.
9(b) 1., and who the claimant employed in the enterprise zone in the taxable year, if
10the total number of such employees is equal to or greater than the total number of
11such employees in the base year.
A claimant may claim a credit under this
12subdivision for no more than 5 consecutive taxable years.
SB70-AA1,1171
13Section
1171. 71.47 (3w) (bm) 2. b. of the statutes is created to read:
SB70-AA1,538,2314
71.47
(3w) (bm) 2. b. For a claimant whose contract is executed after December
1531, 2023, an amount equal to the percentage, as determined under s. 238.399, not to
16exceed 7 percent, of the claimant's zone payroll paid in the taxable year to all of the
17claimant's full-time employees whose annual wages are greater than $32,000 in a
18tier I county or municipality, not including the wages paid to the employees
19determined under par. (bd) 1., or greater than $42,390 in a tier II county or
20municipality, not including the wages paid to the employees determined under par.
21(bd) 1., and who the claimant employed in the enterprise zone in the taxable year, if
22the total number of such employees is equal to or greater than the total number of
23such employees in the base year.
SB70-AA1,1172
24Section
1172. 71.47 (3w) (bm) 3. of the statutes is amended to read:
SB70-AA1,539,6
171.47
(3w) (bm) 3. In addition to the credits under
par. pars. (b)
and (bd) and
2subds. 1., 2., and 4., and subject to the limitations provided in this subsection and s.
3238.399 or s. 560.799, 2009 stats., for taxable years beginning after December 31,
42008, a claimant may claim as a credit against the tax imposed under s. 71.43 up to
510 percent of the claimant's significant capital expenditures, as determined under
6s. 238.399 (5m) or s. 560.799 (5m), 2009 stats.
SB70-AA1,1173
7Section
1173. 71.47 (3w) (bm) 4. of the statutes is amended to read:
SB70-AA1,539,168
71.47
(3w) (bm) 4. In addition to the credits under
par. pars. (b)
and (bd) and
9subds. 1., 2., and 3., and subject to the limitations provided in this subsection and s.
10238.399 or s. 560.799, 2009 stats., for taxable years beginning after December 31,
112009, a claimant may claim as a credit against the tax imposed under s. 71.43, up to
121 percent of the amount that the claimant paid in the taxable year to purchase
13tangible personal property, items, property, or goods under s. 77.52 (1) (b), (c), or (d),
14or services from Wisconsin vendors, as determined under s. 238.399 (5) (e) or s.
15560.799 (5) (e), 2009 stats., except that the claimant may not claim the credit under
16this subdivision and subd. 3. for the same expenditures.
SB70-AA1,1174
17Section
1174. 71.47 (3w) (c) 5. of the statutes is created to read:
SB70-AA1,539,1918
71.47
(3w) (c) 5. A claimant may claim a credit under par. (bm) 2. for no more
19than 5 consecutive taxable years.
SB70-AA1,1175
20Section
1175. 71.47 (3w) (cm) of the statutes is created to read:
SB70-AA1,540,521
71.47
(3w) (cm)
Inflation adjustments. For taxable years beginning after
22December 31, 2024, the dollar amounts in pars. (a) 6. b., (bd) 1. a. and b., 2., and 3.,
23and (bm) 2. b. shall be increased each year by a percentage equal to the percentage
24change between the U.S. consumer price index for all urban consumers, U.S. city
25average, for the month of August of the previous year and the U.S. consumer price
1index for all urban consumers, U.S. city average, for the month of August of the year
2before the previous year, as determined by the federal department of labor. Each
3amount that is revised under this paragraph shall be rounded to the nearest multiple
4of $10 if the revised amount is not a multiple of $10 or, if the revised amount is a
5multiple of $5, such an amount shall be increased to the next higher multiple of $10.
SB70-AA1,1176
6Section
1176. 238.30 (2m) (a) of the statutes is amended to read:
SB70-AA1,540,137
238.30
(2m) (a) Except as provided in par. (b)
and s. 238.308 (1) (b), “full-time
8job" means a regular, nonseasonal full-time position in which an individual, as a
9condition of employment, is required to work at least 2,080 hours per year, including
10paid leave and holidays, and for which the individual receives pay that is equal to
11at least 150 percent of the federal minimum wage and benefits that are not required
12by federal or state law. “Full-time job" does not include initial training before an
13employment position begins.
SB70-AA1,1177
14Section
1177. 238.308 (1) of the statutes is renumbered 238.308 (1) (intro.) and
15amended to read:
SB70-AA1,540,1616
238.308
(1) Definition Definitions. (intro.) In this section
,:
SB70-AA1,540,18
17(a) “
eligible Eligible employee" means a person employed in a full-time job by
18a person certified under sub. (2).
SB70-AA1,1178
19Section
1178. 238.308 (1) (b) of the statutes is created to read:
SB70-AA1,540,2120
238.308
(1) (b) 1. Except as provided in subd. 2., “full-time job” has the meaning
21given in s. 238.30 (2m).
SB70-AA1,541,222
2. For contracts executed by the corporation under this section after December
2331, 2023, “full-time job” means a regular, nonseasonal full-time position for which
24an individual receives pay that is equal to at least $32,000 and benefits that are not
1required by federal or state law. “Full-time job" does not include initial training
2before an employment position begins.
SB70-AA1,1179
3Section
1179. 238.308 (4) (a) 1. of the statutes is amended to read:
SB70-AA1,541,164
238.308
(4) (a) 1. An amount equal to up to 10 percent of the amount of wages
5that the person paid to an eligible employee in the taxable year.
For contracts
6executed by the corporation after December 31, 2023, the amount of wages taken into
7account under this subdivision may not exceed $141,300 per eligible employee per
8year. Beginning on January 1, 2025, the dollar amount under this subdivision shall
9be increased 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 of the year before the previous
13year, as determined by the federal department of labor. Each amount that is revised
14under this subdivision shall be rounded to the nearest multiple of $10 if the revised
15amount is not a multiple of $10 or, if the revised amount is a multiple of $5, such an
16amount shall be increased to the next higher multiple of $10.
SB70-AA1,1180
17Section
1180. 238.399 (1) (am) 2. of the statutes is repealed and recreated to
18read:
SB70-AA1,541,2319
238.399
(1) (am) 2. For contracts executed by the corporation under this section
20after December 31, 2023, the individual is employed in a regular, nonseasonal
21full-time position for which the individual receives annual pay that is more than
22$32,000 in a tier I county or municipality or more than 42,390 in a tier II county or
23municipality and benefits that are not required by federal or state law.