AB50,690,12113. If the individual has 3 or more qualifying children who have the same
12principal place of abode as the individual, 34 percent.
AB50,129913Section 1299. 71.07 (9e) (b) of the statutes is amended to read:
AB50,690,181471.07 (9e) (b) No credit may be allowed under this subsection to married
15persons, except married persons living apart who are treated as single under
16section 7703 (b) of the internal revenue code Internal Revenue Code, if the husband
17and wife spouses report their income on separate income tax returns for the taxable
18year.
AB50,130019Section 1300. 71.07 (9m) (a) 1m. of the statutes is repealed.
AB50,130120Section 1301. 71.07 (9m) (a) 2m. of the statutes is amended to read:
AB50,691,42171.07 (9m) (a) 2m. For taxable years beginning after December 31, 2013, and
22before January 1, 2026, any person may claim as a credit against taxes otherwise
23due under s. 71.02, up to the amount of those taxes, an amount equal to 20 percent
24of the costs of qualified rehabilitation expenditures, as defined in section 47 (c) (2) of

1the Internal Revenue Code, for certified historic structures on property located in
2this state, if the cost of the persons qualified rehabilitation expenditures is at least
3$50,000 and the rehabilitated property is placed in service after December 31,
42013.
AB50,13025Section 1302. 71.07 (9m) (a) 3. of the statutes is amended to read:
AB50,691,19671.07 (9m) (a) 3. For taxable years beginning after December 31, 2013, and
7before January 1, 2026, any person may claim as a credit against taxes otherwise
8due under s. 71.02, up to the amount of those taxes, an amount equal to 20 percent
9of the costs of qualified rehabilitation expenditures, as defined in section 47 (c) (2) of
10the Internal Revenue Code, for qualified rehabilitated buildings, as defined in
11section 47 (c) (1) of the Internal Revenue Code, on property located in this state, if
12the cost of the persons qualified rehabilitation expenditures is at least $50,000 and
13the rehabilitated property is placed in service after December 31, 2013, and
14regardless of whether the rehabilitated property is used for multiple or revenue-
15producing purposes. No credit may be claimed under this subdivision for property
16listed as a contributing building in the state register of historic places or in the
17national register of historic places and no credit may be claimed under this
18subdivision for nonhistoric, nonresidential property converted into housing if the
19property has been previously used for housing.
AB50,130320Section 1303. 71.07 (9m) (a) 4. of the statutes is created to read:
AB50,692,22171.07 (9m) (a) 4. For taxable years beginning after December 31, 2025, any
22person may claim as a credit against taxes otherwise due under s. 71.02, up to the
23amount of those taxes, an amount equal to 20 percent of the costs of qualified
24rehabilitation expenditures, as defined in section 47 (c) (2) of the Internal Revenue

1Code, for property located in this state, if the rehabilitated property is placed in
2service after December 31, 2025.
AB50,13043Section 1304. 71.07 (9m) (c) (intro.) of the statutes is amended to read:
AB50,692,8471.07 (9m) (c) (intro.) No person may claim the credit under par. (a) 2m. or 4.
5unless the claimant includes with the claimants return a copy of the claimants
6certification under s. 238.17. For certification purposes under s. 238.17, the
7claimant shall provide to the Wisconsin Economic Development Corporation all of
8the following:
AB50,13059Section 1305. 71.07 (9m) (cm) of the statutes is amended to read:
AB50,692,111071.07 (9m) (cm) Any credit claimed under this subsection par. (a) 2m. and 3.
11for Wisconsin purposes shall be claimed at the same time as for federal purposes.
AB50,130612Section 1306. 71.07 (9m) (cn) (intro.) of the statutes is amended to read:
AB50,692,151371.07 (9m) (cn) (intro.) For taxable years beginning after December 31, 2014,
14and before January 1, 2026, the Wisconsin Economic Development Corporation
15shall certify a person to claim a credit under par. (a) 3. if all of the following apply:
AB50,130716Section 1307. 71.07 (9m) (f) of the statutes is renumbered 71.07 (9m) (f) 1.
17and amended to read:
AB50,693,181871.07 (9m) (f) 1. A partnership, limited liability company, or tax-option
19corporation may not claim the credit under this subsection par. (a) 2m. and 3. The
20partners of a partnership, members of a limited liability company, or shareholders
21in a tax-option corporation may claim the credit under this subsection par. (a) 2m.
22and 3. based on eligible costs incurred by the partnership, company, or tax-option
23corporation. The partnership, limited liability company, or tax-option corporation
24shall calculate the amount of the credit which may be claimed by each partner,

1member, or shareholder and shall provide that information to the partner, member,
2or shareholder. For shareholders of a tax-option corporation, the credit may be
3allocated in proportion to the ownership interest of each shareholder. Credits
4computed by a partnership or limited liability company may be claimed in
5proportion to the ownership interests of the partners or members or allocated to
6partners or members as provided in a written agreement among the partners or
7members that is entered into no later than the last day of the taxable year of the
8partnership or limited liability company, for which the credit is claimed. For a
9partnership or limited liability company that places property in service after June
1029, 2008, and before January 1, 2009, the credit attributable to such property may
11be allocated, at the election of the partnership or limited liability company, to
12partners or members for a taxable year of the partnership or limited liability
13company that ends after June 29, 2008, and before January 1, 2010. Any partner or
14member who claims the credit as provided under this paragraph shall attach a copy
15of the agreement, if applicable, to the tax return on which the credit is claimed. A
16person claiming the credit as provided under this paragraph is solely responsible
17for any tax liability arising from a dispute with the department of revenue related
18to claiming the credit.
AB50,130819Section 1308. 71.07 (9m) (f) 2. of the statutes is created to read:
AB50,693,232071.07 (9m) (f) 2. a. A partnership, limited liability company, or tax-option
21corporation may make an election under s. 71.21 (6) (a) or 71.365 (4m) (a) to claim
22the credit under par. (a) 4. against the net income or franchise tax otherwise
23payable to this state on income of the same year.
AB50,694,2
1b. A partnerships partners, limited liability companys members, and tax-
2option corporations shareholders may not claim the credit under par. (a) 4.
AB50,13093Section 1309. 71.07 (9m) (g) 1. of the statutes is amended to read:
AB50,694,8471.07 (9m) (g) 1. If Except as provided in subd. 1m., if a person who claims the
5credit under this subsection elects to claim the credit based on claiming amounts for
6expenditures as the expenditures are paid, rather than when the rehabilitation
7work is completed, the person shall file an election form with the department, in the
8manner prescribed by the department.
AB50,13109Section 1310. 71.07 (9m) (g) 1m. of the statutes is created to read:
AB50,694,121071.07 (9m) (g) 1m. No person may claim the credit under par. (a) 4. unless the
11person claims the credit for the taxable year in which the rehabilitation work is
12completed.
AB50,131113Section 1311. 71.07 (9m) (h) of the statutes is amended to read:
AB50,695,21471.07 (9m) (h) Any person, including a nonprofit entity described in section
15501 (c) (3) of the Internal Revenue Code, may sell or otherwise transfer the credit
16under par. (a) 2m. or, 3., or 4., in whole or in part, to another person who is subject
17to the taxes imposed under s. 71.02, 71.23, or 71.43, if the person notifies the
18department of the transfer, and submits with the notification a copy of the transfer
19documents, and the department certifies ownership of the credit with each transfer.
20The transferor may file a claim for more than one taxable year on a form prescribed
21by the department to compute all years of the credit under par. (a) 2m. or, 3., or 4.,
22at the time of the transfer request. The transferee may first use the credit to offset
23tax in the taxable year of the transferor in which the transfer occurs and may use

1the credit only to offset tax in taxable years otherwise allowed to be claimed and
2carried forward by the original claimant.
AB50,13123Section 1312. 71.09 (13) (a) 2. of the statutes is amended to read:
AB50,695,11471.09 (13) (a) 2. The tax shown on the return for the preceding year. If a
5husband and wife spouses who filed separate returns for the preceding taxable year
6file a joint return, the tax shown on the return for the preceding year is the sum of
7the taxes shown on the separate returns of the husband and wife spouses. If a
8husband and wife spouses who filed a joint return for the preceding taxable year file
9separate returns, the tax shown on the return for the preceding year is the
10husbands or wifes each spouses proportion of that tax based on what their
11respective tax liabilities for that year would have been had they filed separately.