SB45,126912Section 1269. 71.07 (3w) (bm) 1. of the statutes is amended to read: SB45,670,231371.07 (3w) (bm) 1. In addition to the credits under par. pars. (b) and (bd) and 14subds. 2., 3., and 4., and subject to the limitations provided in this subsection and s. 15238.399 or s. 560.799, 2009 stats., a claimant may claim as a credit against the tax 16imposed under s. 71.02 or 71.08 an amount equal to a percentage, as determined 17under s. 238.399 or s. 560.799, 2009 stats., not to exceed 100 percent, of the amount 18the claimant paid in the taxable year to upgrade or improve the job-related skills of 19any of the claimant’s full-time employees, to train any of the claimant’s full-time 20employees on the use of job-related new technologies, or to provide job-related 21training to any full-time employee whose employment with the claimant represents 22the employee’s first full-time job. This subdivision does not apply to employees who 23do not work in an enterprise zone. SB45,1270
1Section 1270. 71.07 (3w) (bm) 2. of the statutes is renumbered 71.07 (3w) 2(bm) 2. (intro.) and amended to read: SB45,671,6371.07 (3w) (bm) 2. (intro.) In addition to the credits under par. pars. (b) and 4(bd) and subds. 1., 3., and 4., and subject to the limitations provided in this 5subsection and s. 238.399 or s. 560.799, 2009 stats., a claimant may claim as a 6credit against the tax imposed under s. 71.02 or 71.08 one of the following amounts: SB45,671,187a. For a claimant whose contract is executed prior to January 1, 2026, an 8amount equal to the percentage, as determined under s. 238.399 or s. 560.799, 2009 9stats., not to exceed 7 percent, of the claimant’s zone payroll paid in the taxable year 10to all of the claimant’s full-time employees whose annual wages are greater than 11the amount determined by multiplying 2,080 by 150 percent of the federal 12minimum wage in a tier I county or municipality, not including the wages paid to 13the employees determined under par. (b) 1., or greater than $30,000 in a tier II 14county or municipality, not including the wages paid to the employees determined 15under par. (b) 1., and who the claimant employed in the enterprise zone in the 16taxable year, if the total number of such employees is equal to or greater than the 17total number of such employees in the base year. A claimant may claim a credit 18under this subdivision for no more than 5 consecutive taxable years. SB45,127119Section 1271. 71.07 (3w) (bm) 2. b. of the statutes is created to read: SB45,672,62071.07 (3w) (bm) 2. b. For a claimant whose contract is executed after 21December 31, 2025, an amount equal to the percentage, as determined under s. 22238.399, not to exceed 7 percent, of the claimant’s zone payroll paid in the taxable 23year to all of the claimant’s full-time employees whose annual wages are greater
1than $34,220 in a tier I county or municipality, not including the wages paid to the 2employees determined under par. (bd) 1., or greater than $45,390 in a tier II county 3or municipality, not including the wages paid to the employees determined under 4par. (bd) 1., and who the claimant employed in the enterprise zone in the taxable 5year, if the total number of such employees is equal to or greater than the total 6number of such employees in the base year. SB45,12727Section 1272. 71.07 (3w) (bm) 3. of the statutes is amended to read: SB45,672,13871.07 (3w) (bm) 3. In addition to the credits under par. pars. (b) and (bd) and 9subds. 1., 2., and 4., 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, 112008, a claimant may claim as a credit against the tax imposed under s. 71.02 or 1271.08 up to 10 percent of the claimant’s significant capital expenditures, as 13determined under s. 238.399 (5m) or s. 560.799 (5m), 2009 stats. SB45,127314Section 1273. 71.07 (3w) (bm) 4. of the statutes is amended to read: SB45,672,231571.07 (3w) (bm) 4. In addition to the credits under par. pars. (b) and (bd) and 16subds. 1., 2., and 3., and subject to the limitations provided in this subsection and s. 17238.399 or s. 560.799, 2009 stats., for taxable years beginning after December 31, 182009, a claimant may claim as a credit against the tax imposed under s. 71.02 or 1971.08, up to 1 percent of the amount that the claimant paid in the taxable year to 20purchase tangible personal property, items, property, or goods under s. 77.52 (1) (b), 21(c), or (d), or services from Wisconsin vendors, as determined under s. 238.399 (5) 22(e) or s. 560.799 (5) (e), 2009 stats., except that the claimant may not claim the 23credit under this subdivision and subd. 3. for the same expenditures. SB45,1274
1Section 1274. 71.07 (3w) (cm) of the statutes is created to read: SB45,673,12271.07 (3w) (cm) Inflation adjustments. For taxable years beginning after 3December 31, 2026, the dollar amounts in pars. (a) 6. b., (bd) 1. a. and b., 2., and 3., 4and (bm) 2. b. shall be increased each year by a percentage equal to the percentage 5change between the U.S. consumer price index for all urban consumers, U.S. city 6average, for the month of August of the previous year and the U.S. consumer price 7index for all urban consumers, U.S. city average, for the month of August of the year 8before the previous year, as determined by the federal department of labor. Each 9amount that is revised under this paragraph shall be rounded to the nearest 10multiple of $10 if the revised amount is not a multiple of $10 or, if the revised 11amount is a multiple of $5, such an amount shall be increased to the next higher 12multiple of $10. SB45,127513Section 1275. 71.07 (3y) (b) 6. of the statutes is amended to read: SB45,673,201471.07 (3y) (b) 6. For taxable years beginning after December 31, 2023, and 15before January 1, 2025, the amount of the investment in workforce housing, as 16defined in s. 234.66 (1) (i), for employees, not to exceed 15 percent of such 17investment, and, for taxable years beginning after December 31, 2023, the amount 18of the investment in establishing an employee child care program for employees, not 19to exceed 15 percent of such investment, as determined by the Wisconsin Economic 20Development Corporation. SB45,127621Section 1276. 71.07 (3y) (b) 7. of the statutes is created to read: SB45,674,22271.07 (3y) (b) 7. For taxable years beginning after December 31, 2024, the 23amount of the investment in workforce housing, as defined in s. 234.66 (1) (i), for 24employees, including contributions made by the person to a 3rd party responsible
1for building or rehabilitating workforce housing, including contributions made to a 2local revolving loan fund program, not to exceed 15 percent of such investment. SB45,12773Section 1277. 71.07 (4) of the statutes is amended to read: SB45,674,6471.07 (4) Homestead credit Property tax and rent rebate. The 5homestead credit property tax and rent rebate under subch. VIII may be claimed by 6individuals against taxes otherwise due. SB45,12787Section 1278. 71.07 (4k) (b) 4. a. of the statutes is amended to read: SB45,674,22871.07 (4k) (b) 4. a. Except as provided in subds. 5. and, 6., and 7., for taxable 9years beginning after December 31, 2014, an individual, a partner of a partnership, 10a shareholder of a tax-option corporation, or a member of a limited liability 11company may claim a credit against the tax imposed under s. 71.02, as allocated 12under par. (d), an amount equal to 5.75 percent of the amount by which the 13individual’s, partnership’s, tax-option corporation’s, or limited liability company’s 14qualified research expenses for the taxable year exceed 50 percent of the average 15qualified research expenses for the 3 taxable years immediately preceding the 16taxable year for which the claimant claims the credit. If the individual, 17partnership, tax-option corporation, or limited liability company had no qualified 18research expenses in any of the 3 taxable years immediately preceding the taxable 19year for which the claimant claims the credit, the claimant may claim an amount 20equal to 2.875 percent of the individual’s, partnership’s, tax-option corporation’s, or 21limited liability company’s qualified research expenses for the taxable year for 22which the claimant claims the credit. SB45,127923Section 1279. 71.07 (4k) (b) 7. of the statutes is created to read: SB45,675,132471.07 (4k) (b) 7. a. For taxable years beginning after December 31, 2024, an
1individual, a partner of a partnership, a shareholder of a tax-option corporation, or 2a member of a limited liability company may claim a credit against the tax imposed 3under s. 71.02, as allocated under par. (d), an amount equal to 11.5 percent of the 4amount by which the individual’s, partnership’s, tax-option corporation’s, or 5limited liability company’s qualified research expenses for the taxable year exceed 650 percent of the average qualified research expenses for the 3 taxable years 7immediately preceding the taxable year for which the claimant claims the credit. If 8the individual, partnership, tax-option corporation, or limited liability company had 9no qualified research expenses in any of the 3 taxable years immediately preceding 10the taxable year for which the claimant claims the credit, the claimant may claim 11an amount equal to 5.75 percent of the individual’s, partnership’s, tax-option 12corporation’s, or limited liability company’s qualified research expenses for the 13taxable year for which the claimant claims the credit. SB45,675,2114b. For purposes of subd. 7. a., “qualified research expenses” means qualified 15research expenses as defined in section 41 of the Internal Revenue Code, except 16that “qualified research expenses” includes only expenses incurred by the 17individual, partnership, tax-option corporation, or limited liability company for 18research related to nuclear power, incurred for research conducted in this state, for 19the taxable year and does not include compensation used in computing the credit 20under sub. (2dx). Section 41 (f) (1), (2), (5), and (6) and (h) of the Internal Revenue 21Code does not apply to the credit under this subdivision. SB45,128022Section 1280. 71.07 (4k) (e) 2. (intro.) of the statutes is amended to read: SB45,676,32371.07 (4k) (e) 2. (intro.) For taxable years beginning after December 31, 2017, 24s. 71.28 (4) (b) to (e), (g), and (h), as it applies to the credit under s. 71.28 (4), applies
1to the credits under this subsection. For taxable years beginning after December 231, 2017, if the allowable amount of the claim under par. (b) 4., 5., or 6., or 7. exceeds 3the tax otherwise due under s. 71.02 or 71.08, all of the following apply: SB45,12814Section 1281. 71.07 (4k) (e) 2. ad. of the statutes is amended to read: SB45,676,10571.07 (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., or 7., shall be certified by 8the department of revenue to the department of administration for payment by 9check, share draft, or other draft drawn from the appropriation account under s. 1020.835 (2) (d). SB45,128211Section 1282. 71.07 (5f) of the statutes is created to read: