SB45,728,201071.47 (3w) (cm) Inflation adjustments. For taxable years beginning after
11December 31, 2026, the dollar amounts in pars. (a) 6. b., (bd) 1. a. and b., 2., and 3.,
12and (bm) 2. b. shall be increased each year by a percentage equal to the percentage
13change between the U.S. consumer price index for all urban consumers, U.S. city
14average, for the month of August of the previous year and the U.S. consumer price
15index for all urban consumers, U.S. city average, for the month of August of the year
16before the previous year, as determined by the federal department of labor. Each
17amount that is revised under this paragraph shall be rounded to the nearest
18multiple of $10 if the revised amount is not a multiple of $10 or, if the revised
19amount is a multiple of $5, such an amount shall be increased to the next higher
20multiple of $10.
SB45,138221Section 1382. 71.47 (3y) (b) 6. of the statutes is amended to read:
SB45,729,52271.47 (3y) (b) 6. For taxable years beginning after December 31, 2023, and
23before January 1, 2025, the amount of the investment in workforce housing, as

1defined in s. 234.66 (1) (i), for employees, not to exceed 15 percent of such
2investment, and, for taxable years beginning after December 31, 2023, the amount
3of the investment made in establishing an employee child care program for
4employees, not to exceed 15 percent of such investment, as determined by the
5Wisconsin Economic Development Corporation.
SB45,13836Section 1383. 71.47 (3y) (b) 7. of the statutes is created to read:
SB45,729,11771.47 (3y) (b) 7. For taxable years beginning after December 31, 2024, the
8amount of the investment in workforce housing, as defined in s. 234.66 (1) (i), for
9employees, including contributions made by the person to a 3rd party responsible
10for building or rehabilitating workforce housing, including contributions made to a
11local revolving loan fund program, not to exceed 15 percent of such investment.
SB45,138412Section 1384. 71.47 (4) (ad) 4. a. of the statutes is amended to read:
SB45,729,231371.47 (4) (ad) 4. a. Except as provided in subds. 5. and, 6., and 7., for taxable
14years beginning after December 31, 2014, a corporation may claim a credit against
15the tax imposed under s. 71.43, as allocated under par. (d), an amount equal to 5.75
16percent of the amount by which the corporations qualified research expenses for
17the taxable year exceed 50 percent of the average qualified research expenses for
18the 3 taxable years immediately preceding the taxable year for which the claimant
19claims the credit. If the corporation had no qualified research expenses in any of
20the 3 taxable years immediately preceding the taxable year for which the claimant
21claims the credit, the claimant may claim an amount equal to 2.875 percent of the
22corporations qualified research expenses for the taxable year for which the
23claimant claims the credit.
SB45,138524Section 1385. 71.47 (4) (ad) 7. of the statutes is created to read:
SB45,730,14
171.47 (4) (ad) 7. a. For taxable years beginning after December 31, 2024, an
2individual, a partner of a partnership, a shareholder of a tax-option corporation, or
3a member of a limited liability company may claim a credit against the tax imposed
4under s. 71.43, as allocated under par. (d), an amount equal to 11.5 percent of the
5amount by which the individuals, partnerships, tax-option corporations, or
6limited liability companys qualified research expenses for the taxable year exceed
750 percent of the average qualified research expenses for the 3 taxable years
8immediately preceding the taxable year for which the claimant claims the credit. If
9the individual, partnership, tax-option corporation, or limited liability company had
10no qualified research expenses in any of the 3 taxable years immediately preceding
11the taxable year for which the claimant claims the credit, the claimant may claim
12an amount equal to 5.75 percent of the individuals, partnerships, tax-option
13corporations, or limited liability companys qualified research expenses for the
14taxable year for which the claimant claims the credit.
SB45,730,2215b. For purposes of subd. 7. a., qualified research expenses means qualified
16research expenses as defined in section 41 of the Internal Revenue Code, except
17that qualified research expenses includes only expenses incurred by the
18individual, partnership, tax-option corporation, or limited liability company for
19research related to nuclear power, incurred for research conducted in this state, for
20the taxable year and does not include compensation used in computing the credit
21under sub. (1dx). Section 41 (f) (1), (2), (5), and (6) and (h) of the Internal Revenue
22Code does not apply to the credit under this subdivision.
SB45,138623Section 1386. 71.47 (4) (k) (intro.) of the statutes is amended to read:
SB45,731,32471.47 (4) (k) Refunds. (intro.) Notwithstanding par. (f), for taxable years

1beginning after December 31, 2017, if the allowable amount of the claim under par.
2(ad) 4., 5., or 6., or 7. exceeds the tax otherwise due under s. 71.43, all of the
3following apply:
SB45,13874Section 1387. 71.47 (4) (k) 1. c. of the statutes is amended to read:
SB45,731,10571.47 (4) (k) 1. c. 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. (ad) 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).
SB45,138811Section 1388. 71.47 (5f) of the statutes is created to read:
SB45,731,131271.47 (5f) Film production services credit. (a) Definitions. In this
13subsection:
SB45,731,20141. 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:
SB45,731,2221a. News, current events, or public programming or a program that includes
22weather or market reports.
SB45,731,2323b. A talk show.
SB45,731,2424c. A production with respect to a questionnaire or contest.
SB45,732,1
1d. A sports event or sports activity.
SB45,732,22e. A gala presentation or awards show.
SB45,732,33f. A finished production that solicits funds.
SB45,732,64g. 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.
SB45,732,87h. A production produced primarily for industrial, corporate, or institutional
8purposes.
SB45,732,1492. 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.
SB45,732,19153. 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.
SB45,733,12204. 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.
SB45,733,1513(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. 71.43 any of the following amounts: