AB43-ASA2,322,1410 71.05 (1) (i) Commercial loans. Income from a tax-option corporation that is
11a financial institution, as defined in s. 69.30 (1) (b), including interest, fees, and
12penalties, derived from a commercial loan of $5,000,000 or less provided to a person
13residing or located in this state and used primarily for a business or agricultural
14purpose.
AB43-ASA2,326 15Section 326. 71.06 (1q) (a) of the statutes is amended to read:
AB43-ASA2,322,1816 71.06 (1q) (a) On all taxable income from $0 to $7,500, 4.40 percent, except that
17for taxable years beginning after December 31, 2013, 4.0 percent and except that the
18rate is 3.50 percent for taxable years beginning after December 31, 2022
.
AB43-ASA2,327 19Section 327. 71.06 (1q) (b) of the statutes is amended to read:
AB43-ASA2,322,2320 71.06 (1q) (b) On all taxable income exceeding $7,500 but not exceeding
21$15,000, 5.84 percent, except that for taxable years beginning after December 31,
222018, 5.21 percent and except that the rate is 4.40 percent for taxable years
23beginning after December 31, 2022
.
AB43-ASA2,328 24Section 328. 71.06 (1q) (c) of the statutes is amended to read:
AB43-ASA2,323,4
171.06 (1q) (c) On all taxable income exceeding $15,000 but not exceeding
2$225,000, 6.27 percent, except that for taxable years beginning after December 31,
32020, 5.30 percent and except that the rate is 4.40 percent for taxable years
4beginning after December 31, 2022
.
AB43-ASA2,329 5Section 329. 71.06 (1q) (d) of the statutes is amended to read:
AB43-ASA2,323,76 71.06 (1q) (d) On all taxable income exceeding $225,000, 7.65 percent, except
7that the rate is 6.50 percent for taxable years beginning after December 31, 2022
.
AB43-ASA2,330 8Section 330. 71.06 (2) (i) 1. of the statutes is amended to read:
AB43-ASA2,323,119 71.06 (2) (i) 1. On all taxable income from $0 to $10,000, 4.40 percent, except
10that for taxable years beginning after December 31, 2013, 4.0 percent and except that
11the rate is 3.50 percent for taxable years beginning after December 31, 2022
.
AB43-ASA2,331 12Section 331. 71.06 (2) (i) 2. of the statutes is amended to read:
AB43-ASA2,323,1613 71.06 (2) (i) 2. On all taxable income exceeding $10,000 but not exceeding
14$20,000, 5.84 percent, except that for taxable years beginning after December 31,
152018, 5.21 percent and except that the rate is 4.40 percent for taxable years
16beginning after December 31, 2022
.
AB43-ASA2,332 17Section 332. 71.06 (2) (i) 3. of the statutes is amended to read:
AB43-ASA2,323,2118 71.06 (2) (i) 3. On all taxable income exceeding $20,000 but not exceeding
19$300,000, 6.27 percent, except that for taxable years beginning after December 31,
202020, 5.30 percent and except that the rate is 4.40 percent for taxable years
21beginning after December 31, 2022
.
AB43-ASA2,333 22Section 333. 71.06 (2) (i) 4. of the statutes is amended to read:
AB43-ASA2,323,2423 71.06 (2) (i) 4. On all taxable income exceeding $300,000, 7.65 percent, except
24that the rate is 6.50 percent for taxable years beginning after December 31, 2022
.
AB43-ASA2,334 25Section 334. 71.06 (2) (j) 1. of the statutes is amended to read:
AB43-ASA2,324,3
171.06 (2) (j) 1. On all taxable income from $0 to $5,000, 4.40 percent, except that
2for taxable years beginning after December 31, 2013, 4.0 percent and except that the
3rate is 3.50 percent for taxable years beginning after December 31, 2022
.
AB43-ASA2,335 4Section 335. 71.06 (2) (j) 2. of the statutes is amended to read:
AB43-ASA2,324,85 71.06 (2) (j) 2. On all taxable income exceeding $5,000 but not exceeding
6$10,000, 5.84 percent, except that for taxable years beginning after December 31,
72018, 5.21 percent and except that the rate is 4.40 percent for taxable years
8beginning after December 31, 2022
.
AB43-ASA2,336 9Section 336. 71.06 (2) (j) 3. of the statutes is amended to read:
AB43-ASA2,324,1310 71.06 (2) (j) 3. On all taxable income exceeding $10,000 but not exceeding
11$150,000, 6.27 percent, except that for taxable years beginning after December 31,
122020, 5.30 percent and except that the rate is 4.40 percent for taxable years
13beginning after December 31, 2022
.
AB43-ASA2,337 14Section 337. 71.06 (2) (j) 4. of the statutes is amended to read:
AB43-ASA2,324,1615 71.06 (2) (j) 4. On all taxable income exceeding $150,000, 7.65 percent, except
16that the rate is 6.50 percent for taxable years beginning after December 31, 2022
.
AB43-ASA2,338 17Section 338 . 71.07 (4k) (e) 2. a. of the statutes is amended to read:
AB43-ASA2,325,318 71.07 (4k) (e) 2. a. 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 subsequent taxable years beginning after December 31, 2020 and before
24January 1, 2024
, the amount of the claim not used to offset the tax due, up to 15
25percent of the allowable amount of the claim under par. (b) 4., 5., or 6., shall be

1certified by the department of revenue to the department of administration for
2payment by check, share draft, or other draft drawn from the appropriation account
3under s. 20.835 (2) (d).
AB43-ASA2,339 4Section 339 . 71.07 (4k) (e) 2. ad. of the statutes is created to read:
AB43-ASA2,325,105 71.07 (4k) (e) 2. ad. For taxable years beginning after December 31, 2023, the
6amount of the claim not used to offset the tax due, not to exceed 25 percent of the
7allowable amount of the claim under par. (b) 4., 5., or 6., shall be certified by the
8department of revenue to the department of administration for payment by check,
9share draft, or other draft drawn from the appropriation account under s. 20.835 (2)
10(d).