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
13individuals, partnerships, tax-option corporations, or limited liability companys
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 individuals, partnerships, tax-option corporations, or
21limited liability companys 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 individuals, partnerships, tax-option corporations, or
5limited liability companys 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 individuals, partnerships, tax-option
12corporations, or limited liability companys 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:
SB45,676,131271.07 (5f) Film production services credit. (a) Definitions. In this
13subsection:
SB45,676,20141. Accredited production means a film, video, broadcast advertisement, or
15television production, as approved by the department of tourism, for which the
16aggregate salary and wages included in the cost of the production for the period
17ending 12 months after the month in which the principal filming or taping of the
18production begins exceeds $100,000 for a production that is 30 minutes or longer or
19$50,000 for a production that is less than 30 minutes. Accredited production does
20not include any of the following, regardless of the production costs:
SB45,676,2221a. News, current events, or public programming or a program that includes
22weather or market reports.
SB45,676,2323b. A talk show.
SB45,676,2424c. A production with respect to a questionnaire or contest.
SB45,677,1
1d. A sports event or sports activity.
SB45,677,22e. A gala presentation or awards show.
SB45,677,33f. A finished production that solicits funds.
SB45,677,64g. A production for which the production company is required under 18 USC
52257 to maintain records with respect to a performer portrayed in a single media or
6multimedia program.
SB45,677,87h. A production produced primarily for industrial, corporate, or institutional
8purposes.
SB45,677,1492. Claimant means a film production company, as defined in sub. (5h) (a) 2.,
10that operates an accredited production in this state, if the company owns the
11copyright in the accredited production or has contracted directly with the copyright
12owner or a person acting on the owners behalf and if the company has a viable plan,
13as determined by the department of tourism, for the commercial distribution of the
14finished production.
SB45,677,19153. Commercial domicile means the location from which a trade or business
16is principally managed and directed, based on any factors the department of
17tourism determines are appropriate, including the location where the greatest
18number of employees of the trade or business work, the trade or business has its
19office or base of operations, or from which the employees are directed or controlled.
SB45,678,12204. Production expenditures means any expenditure that is incurred in this
21state and directly used to produce an accredited production, including expenditures
22for writing, budgeting, casting, location scouts, set construction and operation,
23wardrobes, makeup, clothing accessories, photography, sound recording, sound

1synchronization, sound mixing, lighting, editing, film processing, film transferring,
2special effects, visual effects, renting or leasing facilities or equipment, renting or
3leasing motor vehicles, food, lodging, and any other similar pre-production,
4production, and post-production expenditure as determined by the department of
5tourism. Production expenditures includes expenditures for music that is
6performed, composed, or recorded by a musician who is a resident of this state or
7published or distributed by an entity that has its commercial domicile in this state;
8air travel that is purchased from a travel agency or company that has its commercial
9domicile in this state; and insurance that is purchased from an insurance agency or
10company that has its commercial domicile in this state. Production expenditures
11does not include salary or wages or expenditures for the marketing and distribution
12of an accredited production.
SB45,678,1513(b) Filing claims. Subject to the limitations provided in this subsection, for
14taxable years beginning after December 31, 2025, a claimant may claim as a credit
15against the tax imposed under s. 71.02 any of the following amounts:
SB45,678,19161. An amount equal to 25 percent of the salary or wages paid by the claimant
17to the claimants employees in the taxable year for services rendered in this state to
18produce an accredited production and paid to employees who were residents of this
19state at the time that they were paid.