SB45,701,973. For employees in a tier I county or municipality, subtract $34,220 from the 8amount determined under subd. 2. and for employees in a tier II county or 9municipality, subtract $45,390 from the amount determined under subd. 2. SB45,701,11104. Multiply the amount determined under subd. 3. by the amount determined 11under subd. 1. SB45,701,13125. Multiply the amount determined under subd. 4. by the percentage 13determined under s. 238.399, not to exceed 7 percent. SB45,133214Section 1332. 71.28 (3w) (bm) 1. of the statutes is amended to read: SB45,702,21571.28 (3w) (bm) 1. In addition to the credits under par. pars. (b) and (bd) and 16subds. 2., 3., and 4., and subject to the limitations provided in this subsection and s. 17238.399 or s. 560.799, 2009 stats., a claimant may claim as a credit against the tax 18imposed under s. 71.23 an amount equal to a percentage, as determined under s. 19238.399 or s. 560.799, 2009 stats., not to exceed 100 percent, of the amount the 20claimant paid in the taxable year to upgrade or improve the job-related skills of any 21of the claimant’s full-time employees, to train any of the claimant’s full-time 22employees on the use of job-related new technologies, or to provide job-related 23training to any full-time employee whose employment with the claimant represents
1the employee’s first full-time job. This subdivision does not apply to employees who 2do not work in an enterprise zone. SB45,13333Section 1333. 71.28 (3w) (bm) 2. of the statutes is renumbered 71.28 (3w) 4(bm) 2. (intro.) and amended to read: SB45,702,8571.28 (3w) (bm) 2. (intro.) In addition to the credits under par. pars. (b) and 6(bd) and subds. 1., 3., and 4., and subject to the limitations provided in this 7subsection and s. 238.399 or s. 560.799, 2009 stats., a claimant may claim as a 8credit against the tax imposed under s. 71.23 one of the following amounts: SB45,702,209a. For a claimant whose contract is executed prior to January 1, 2026, an 10amount equal to the percentage, as determined under s. 238.399 or s. 560.799, 2009 11stats., not to exceed 7 percent, of the claimant’s zone payroll paid in the taxable year 12to all of the claimant’s full-time employees whose annual wages are greater than 13the amount determined by multiplying 2,080 by 150 percent of the federal 14minimum wage in a tier I county or municipality, not including the wages paid to 15the employees determined under par. (b) 1., or greater than $30,000 in a tier II 16county or municipality, not including the wages paid to the employees determined 17under par. (b) 1., and who the claimant employed in the enterprise zone in the 18taxable year, if the total number of such employees is equal to or greater than the 19total number of such employees in the base year. A claimant may claim a credit 20under this subdivision for no more than 5 consecutive taxable years. SB45,133421Section 1334. 71.28 (3w) (bm) 2. b. of the statutes is created to read: SB45,703,82271.28 (3w) (bm) 2. b. For a claimant whose contract is executed after 23December 31, 2025, an amount equal to the percentage, as determined under s.
1238.399, not to exceed 7 percent, of the claimant’s zone payroll paid in the taxable 2year to all of the claimant’s full-time employees whose annual wages are greater 3than $34,220 in a tier I county or municipality, not including the wages paid to the 4employees determined under par. (bd) 1., or greater than $45,390 in a tier II county 5or municipality, not including the wages paid to the employees determined under 6par. (bd) 1., and who the claimant employed in the enterprise zone in the taxable 7year, if the total number of such employees is equal to or greater than the total 8number of such employees in the base year. SB45,13359Section 1335. 71.28 (3w) (bm) 3. of the statutes is amended to read: SB45,703,151071.28 (3w) (bm) 3. In addition to the credits under par. pars. (b) and (bd) and 11subds. 1., 2., and 4., and subject to the limitations provided in this subsection and s. 12238.399 or s. 560.799, 2009 stats., for taxable years beginning after December 31, 132008, a claimant may claim as a credit against the tax imposed under s. 71.23 up to 1410 percent of the claimant’s significant capital expenditures, as determined under 15s. 238.399 (5m) or s. 560.799 (5m), 2009 stats. SB45,133616Section 1336. 71.28 (3w) (bm) 4. of the statutes is amended to read: SB45,704,21771.28 (3w) (bm) 4. In addition to the credits under par. pars. (b) and (bd) and 18subds. 1., 2., and 3., and subject to the limitations provided in this subsection and s. 19238.399 or s. 560.799, 2009 stats., for taxable years beginning after December 31, 202009, a claimant may claim as a credit against the tax imposed under s. 71.23, up to 211 percent of the amount that the claimant paid in the taxable year to purchase 22tangible personal property, items, property, or goods under s. 77.52 (1) (b), (c), or 23(d), or services from Wisconsin vendors, as determined under s. 238.399 (5) (e) or s.
1560.799 (5) (e), 2009 stats., except that the claimant may not claim the credit under 2this subdivision and subd. 3. for the same expenditures. SB45,13373Section 1337. 71.28 (3w) (cm) of the statutes is created to read: SB45,704,14471.28 (3w) (cm) Inflation adjustments. For taxable years beginning after 5December 31, 2026, the dollar amounts in pars. (a) 6. b., (bd) 1. a. and b., 2., and 3., 6and (bm) 2. b. shall be increased each year by a percentage equal to the percentage 7change between the U.S. consumer price index for all urban consumers, U.S. city 8average, for the month of August of the previous year and the U.S. consumer price 9index for all urban consumers, U.S. city average, for the month of August of the year 10before the previous year, as determined by the federal department of labor. Each 11amount that is revised under this paragraph shall be rounded to the nearest 12multiple of $10 if the revised amount is not a multiple of $10 or, if the revised 13amount is a multiple of $5, such an amount shall be increased to the next higher 14multiple of $10. SB45,133815Section 1338. 71.28 (3y) (b) 6. of the statutes is amended to read: SB45,704,221671.28 (3y) (b) 6. For taxable years beginning after December 31, 2023, and 17before January 1, 2025, the amount of the investment in workforce housing, as 18defined in s. 234.66 (1) (i), for employees, not to exceed 15 percent of such 19investment, and, for taxable years beginning after December 31, 2023, the amount 20of the investment made in establishing an employee child care program for 21employees, not to exceed 15 percent of such investment, as determined by the 22Wisconsin Economic Development Corporation. SB45,133923Section 1339. 71.28 (3y) (b) 7. of the statutes is created to read: SB45,705,42471.28 (3y) (b) 7. For taxable years beginning after December 31, 2024, the
1amount of the investment in workforce housing, as defined in s. 234.66 (1) (i), for 2employees, including contributions made by the person to a 3rd party responsible 3for building or rehabilitating workforce housing, including contributions made to a 4local revolving loan fund program, not to exceed 15 percent of such investment. SB45,13405Section 1340. 71.28 (4) (ad) 4. a. of the statutes is amended to read: SB45,705,16671.28 (4) (ad) 4. a. Except as provided in subds. 5. and, 6., and 7. for taxable 7years beginning after December 31, 2014, a corporation may claim a credit against 8the tax imposed under s. 71.23, as allocated under par. (d), an amount equal to 5.75 9percent of the amount by which the corporation’s qualified research expenses for 10the taxable year exceed 50 percent of the average qualified research expenses for 11the 3 taxable years immediately preceding the taxable year for which the claimant 12claims the credit. If the corporation had no qualified research expenses in any of 13the 3 taxable years immediately preceding the taxable year for which the claimant 14claims the credit, the claimant may claim an amount equal to 2.875 percent of the 15corporation’s qualified research expenses for the taxable year for which the 16claimant claims the credit. SB45,134117Section 1341. 71.28 (4) (ad) 7. of the statutes is created to read: SB45,706,71871.28 (4) (ad) 7. a. For taxable years beginning after December 31, 2024, an 19individual, a partner of a partnership, a shareholder of a tax-option corporation, or 20a member of a limited liability company may claim a credit against the tax imposed 21under s. 71.23, as allocated under par. (d), an amount equal to 11.5 percent of the 22amount by which the individual’s, partnership’s, tax-option corporation’s, or 23limited liability company’s qualified research expenses for the taxable year exceed 2450 percent of the average qualified research expenses for the 3 taxable years
1immediately preceding the taxable year for which the claimant claims the credit. If 2the individual, partnership, tax-option corporation, or limited liability company had 3no qualified research expenses in any of the 3 taxable years immediately preceding 4the taxable year for which the claimant claims the credit, the claimant may claim 5an amount equal to 5.75 percent of the individual’s, partnership’s, tax-option 6corporation’s, or limited liability company’s qualified research expenses for the 7taxable year for which the claimant claims the credit. SB45,706,158b. For purposes of subd. 7. a., “qualified research expenses” means qualified 9research expenses as defined in section 41 of the Internal Revenue Code, except 10that “qualified research expenses” includes only expenses incurred by the 11individual, partnership, tax-option corporation, or limited liability company for 12research related to nuclear power, incurred for research conducted in this state, for 13the taxable year and does not include compensation used in computing the credit 14under sub. (1dx). Section 41 (f) (1), (2), (5), and (6) and (h) of the Internal Revenue 15Code does not apply to the credit under this subdivision. SB45,134216Section 1342. 71.28 (4) (k) (intro.) of the statutes is amended to read: SB45,706,201771.28 (4) (k) Refunds. (intro.) Notwithstanding par. (f), for taxable years 18beginning after December 31, 2017, if the allowable amount of the claim under par. 19(ad) 4., 5., or 6., or 7. exceeds the tax otherwise due under s. 71.23, all of the 20following apply: SB45,134321Section 1343. 71.28 (4) (k) 1. c. of the statutes is amended to read: SB45,707,32271.28 (4) (k) 1. c. For taxable years beginning after December 31, 2023, the 23amount of the claim not used to offset the tax due, not to exceed 25 percent of the 24allowable amount of the claim under par. (ad) 4., 5., or 6., or 7., shall be certified by
1the department of revenue to the department of administration for payment by 2check, share draft, or other draft drawn from the appropriation account under s. 320.835 (2) (d).