AB513, s. 11 17Section 11. 71.06 (2) (h) 5. of the statutes, as created by 2009 Wisconsin Act
1828
, is amended to read:
AB513,8,2019 71.06 (2) (h) 5. On all taxable income exceeding $150,000 but not exceeding
20$500,000
, 7.75 percent.
AB513, s. 12 21Section 12. 71.06 (2) (h) 6. of the statutes is created to read:
AB513,8,2222 71.06 (2) (h) 6. On all taxable income exceeding $500,000, 8.75 percent.
AB513, s. 13 23Section 13. 71.06 (2e) (b) of the statutes, as created by 2009 Wisconsin Act 28,
24is amended to read:
AB513,9,17
171.06 (2e) (b) For taxable years beginning after December 31, 2009, the
2maximum dollar amount in each tax bracket, and the corresponding minimum dollar
3amount in the next bracket, under subs. (1p) (d) and (e) and (2) (g) 4. and 5. and (h)
44. and 5., and the dollar amount in the top bracket under subs. (1p) (e) (f) and (2) (g)
55. 6. and (h) 5. 6., shall be increased each year by a percentage equal to the percentage
6change between the U.S. consumer price index for all urban consumers, U.S. city
7average, for the month of August of the previous year and the U.S. consumer price
8index for all urban consumers, U.S. city average, for the month of August 2008, as
9determined by the federal department of labor, except that for taxable years
10beginning after December 31, 2011, the adjustment may occur only if the resulting
11amount is greater than the corresponding amount that was calculated for the
12previous year. Each amount that is revised under this paragraph shall be rounded
13to the nearest multiple of $10 if the revised amount is not a multiple of $10 or, if the
14revised amount is a multiple of $5, such an amount shall be increased to the next
15higher multiple of $10. The department of revenue shall annually adjust the changes
16in dollar amounts required under this paragraph and incorporate the changes into
17the income tax forms and instructions.
AB513, s. 14 18Section 14. 71.09 (11) (f) of the statutes, as created by 2009 Wisconsin Act 28,
19is amended to read:
AB513,9,2320 71.09 (11) (f) The taxpayer has underpaid the taxpayer's estimated taxes due
21to the change in brackets under s. 71.06 (1p) (e) or (f) and (2) (g) 5. or 6. and (h) 5. or
226.
This paragraph applies only in the first taxable year to which these bracket
23changes apply.
AB513, s. 15 24Section 15. 560.147 of the statutes is created to read:
AB513,9,25 25560.147 Grants for business retooling and retention. (1) In this section:
AB513,10,1
1(a) "Economically distressed area" means any of the following:
AB513,10,42 1. A county, city, or micropolitan statistical area with an unemployment rate
3of at least 6 percent in 2 or more months during the 12 months preceding the date
4of the grant application.
AB513,10,85 2. A county, city, or micropolitan statistical area with an average
6unemployment rate equal to at least 120 percent of the statewide average
7unemployment rate during the 12 months preceding the date of the grant
8application.
AB513,10,119 3. A county, city, or micropolitan statistical area with an unemployment rate
10that has increased by at least 2 percent during the 12 months preceding the date of
11the grant application.
AB513,10,1412 (b) "Micropolitan statistical area" means a geographic area defined by the
13federal office of management and budget for use by federal agencies in collecting,
14tabulating, and publishing federal statistics.
AB513,10,18 15(2) (a) From the appropriation under s. 20.143 (1) (cr), the department may
16award a grant to a business that applies to the department under this section for
17capital investments to upgrade or modernize the operations, facilities, or equipment
18of the business if all of the following are satisfied:
AB513,10,2019 1. The operations, facilities, or equipment of the business are located in an
20economically distressed area of this state.
AB513,10,2221 2. The business demonstrates to the satisfaction of the department that the
22capital investments will result in the retention or creation of jobs.
AB513,11,223 (b) The department shall award grants on a competitive basis and shall give
24priority to a business that has established or that proposes to establish a partnership

1with a technical college district board for the purpose of providing skill training or
2retraining to meet the specific workforce needs of that business.
AB513,11,7 3(3) The department shall promulgate rules to implement and administer this
4section. The rules under this subsection shall include limits on the amount of a grant
5to be awarded under this section to ensure that grant moneys are distributed to as
6many eligible businesses as possible and will result in the retention or creation of as
7many jobs as possible.
AB513, s. 16 8Section 16. 560.205 (3) (d) of the statutes, as affected by 2009 Wisconsin Act
92
, is amended to read:
AB513,12,910 560.205 (3) (d) Rules. The department of commerce, in consultation with the
11department of revenue, shall promulgate rules to administer this section. The rules
12shall further define "bona fide angel investment" for purposes of s. 71.07 (5d) (a) 1.
13The rules shall limit the aggregate amount of tax credits under s. 71.07 (5d) that may
14be claimed for investments in businesses certified under sub. (1) at $3,000,000 per
15calendar year for calendar years beginning after December 31, 2004, and before
16January 1, 2008, $5,500,000 per calendar year for calendar years beginning after
17December 31, 2007, and before January 1, 2010, $7,500,000 per calendar year for
18calendar years beginning after December 31, 2009,
and before January 1, 2011, and
19$18,000,000 $20,000,000 per calendar year for calendar years beginning after
20December 31, 2010, plus, for taxable years beginning after December 31, 2010, an
21additional $250,000 for tax credits that may be claimed for investments in
22nanotechnology businesses certified under sub. (1). The rules shall also limit the
23aggregate amount of the tax credits under ss. 71.07 (5b), 71.28 (5b), 71.47 (5b), and
2476.638 that may be claimed for investments paid to fund managers certified under
25sub. (2) at $3,500,000 per calendar year for calendar years beginning after December

131, 2004, and before January 1, 2008, $6,000,000 per calendar year for calendar
2years beginning after December 31, 2007, and before January 1, 2011, and
3$18,500,000 per calendar year for calendar years beginning after December 31, 2010,
4plus, for taxable years beginning after December 31, 2010, an additional $250,000
5for tax credits that may be claimed for investments in nanotechnology businesses
6certified under sub. (1). The rules shall also provide that, for calendar years
7beginning after December 31, 2007, no person may receive a credit under ss. 71.07
8(5b) and (5d), 71.28 (5b), 71.47 (5b), or 76.638 unless the person's investment is kept
9in a certified business, or with a certified fund manager, for no less than 3 years.
AB513, s. 9110 10Section 9110. Nonstatutory provisions; Commerce.
AB513,12,1111 (1) Rule making.
AB513,12,1412 (a) The department of commerce shall submit in proposed form the rules
13required under section 560.147 (3) of the statutes, as created by this act, no later than
14the first day of the 4th month beginning after the effective date of this paragraph.
AB513,13,415 (b) Using the emergency rules procedure under section 227.24 of the statutes,
16the department of commerce shall promulgate the rules required under section
17560.147 (3) of the statutes, as created by this act, for purposes of implementing the
18grant program under section 560.147 of the statutes, as created by this act, for the
19period before the effective date of the rules submitted under paragraph (a). The
20department of commerce shall promulgate these emergency rules no later than the
21first day of the 4th month beginning after the effective date of this paragraph.
22Notwithstanding section 227.24 (1) (c) and (2) of the statutes, emergency rules
23promulgated under this subsection remain in effect until July 1, 2010, or until the
24date on which permanent rules take effect, whichever is sooner. Notwithstanding
25section 227.24 (1) (a) and (3) of the statutes, the department is not required to provide

1evidence that promulgating a rule under this subsection as an emergency rule is
2necessary for the preservation of the public peace, health, safety, or welfare and is
3not required to provide a finding of emergency for a rule promulgated under this
4subsection.
AB513,13,115 (c) Notwithstanding sections 227.137 (2) and 227.138 (2) of the statutes, if the
6secretary of administration requires the department of commerce to prepare an
7economic impact report for the rules required under section 560.147 (3) of the
8statutes, as created by this act, the department may submit the proposed rules to the
9legislature for review under section 227.19 (2) of the statutes before the department
10completes the economic impact report and before the department receives a copy of
11the report and approval under section 227.138 (2) of the statutes.
AB513, s. 9148 12Section 9148. Nonstatutory provisions; Technical College System
AB513,13,2213 (1) Rules. Using the procedure under section 227.24 of the statutes, the
14technical college system board shall promulgate rules required under section 38.31
15(8) of the statutes, as created by this act, for the period before the effective date of the
16permanent rules promulgated under that section, but not to exceed the period
17authorized under section 227.24 (1) (c) and (2) of the statutes. Notwithstanding
18section 227.24 (1) (a), (2) (b), and (3) of the statutes, the technical college system
19board is not required to provide evidence that promulgating a rule under this
20subsection as an emergency rule is necessary for the preservation of public peace,
21health, safety, or welfare and is not required to provide a finding of an emergency for
22a rule promulgated under this subsection.
AB513, s. 9223 23Section 9223. Fiscal changes; Higher Educational Aids Board.
AB513,14,924 (1) Wisconsin higher education grants; University of Wisconsin System
25students.
In the schedule under section 20.005 (3) of the statutes for the

1appropriation to the higher educational aids board under section 20.235 (1) (fe) of the
2statutes, as affected by the acts of 2009, the dollar amount is increased by $5,563,900
3for the first fiscal year of the fiscal biennium in which this subsection takes effect for
4the purpose for which the appropriation is made. In the schedule under section
520.005 (3) of the statutes for the appropriation to the higher educational aids board
6under section 20.235 (1) (fe) of the statutes, as affected by the acts of 2009, the dollar
7amount is increased by $11,504,800 for the second fiscal year of the fiscal biennium
8in which this subsection takes effect for the purpose for which the appropriation is
9made.
AB513,14,1910 (2) Wisconsin higher education grants; technical college students. In the
11schedule under section 20.005 (3) of the statutes for the appropriation to the higher
12educational aids board under section 20.235 (1) (ff) of the statutes, as affected by the
13acts of 2009, the dollar amount is increased by $7,993,000 for the first fiscal year of
14the fiscal biennium in which this subsection takes effect for the purpose for which
15the appropriation is made. In the schedule under section 20.005 (3) of the statutes
16for the appropriation to the higher educational aids board under section 20.235 (1)
17(ff) of the statutes, as affected by the acts of 2009, the dollar amount is increased by
18$16,123,800 for the second fiscal year of the fiscal biennium in which this subsection
19takes effect for the purpose for which the appropriation is made.
AB513,15,420 (3) Wisconsin higher education grants; tribal college students. In the
21schedule under section 20.005 (3) of the statutes for the appropriation to the higher
22educational aids board under section 20.235 (1) (km) of the statutes, as affected by
23the acts of 2009, the dollar amount is increased by $108,300 for the first fiscal year
24of the fiscal biennium in which this subsection takes effect for the purpose for which
25the appropriation is made. In the schedule under section 20.005 (3) of the statutes

1for the appropriation to the higher educational aids board under section 20.235 (1)
2(km) of the statutes, as affected by the acts of 2009, the dollar amount is increased
3by $263,700 for the second fiscal year of the fiscal biennium in which this subsection
4takes effect for the purpose for which the appropriation is made.
AB513,15,145 (4) Tuition grants. In the schedule under section 20.005 (3) of the statutes for
6the appropriation to the higher educational aids board under section 20.235 (1) (b)
7of the statutes, as affected by the acts of 2009, the dollar amount is increased by
8$1,867,500 for the first fiscal year of the fiscal biennium in which this subsection
9takes effect for the purpose for which the appropriation is made. In the schedule
10under section 20.005 (3) of the statutes for the appropriation to the higher
11educational aids board under section 20.235 (1) (b) of the statutes, as affected by the
12acts of 2009, the dollar amount is increased by $3,179,200 for the second fiscal year
13of the fiscal biennium in which this subsection takes effect for the purpose for which
14the appropriation is made.
AB513, s. 9343 15Section 9343. Initial applicability; Revenue.
AB513,15,1816 (1) Individual income tax brackets. The treatment of sections 71.06 (1p) (e)
17and (f) and (2) (g) 5. and 6. and (h) 5. and 6. and 71.09 (11) (f) of the statutes first
18applies to taxable years beginning on January 1, 2009.
AB513,15,1919 (End)
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