SB1,22 20Section 22. 71.05 (8) (b) 2. of the statutes is created to read:
SB1,9,2421 71.05 (8) (b) 2. The taxpayer need not make the offset against Wisconsin
22modified taxable income of the 2 years preceding the loss, as provided under subd.
231., if the taxpayer chooses not to carry back the net operating loss to the 2 years
24preceding the loss.
SB1,23 25Section 23. 71.05 (8) (c) of the statutes is created to read:
SB1,10,2
171.05 (8) (c) The department shall not pay interest on any overpayment that
2results from the carry-back of a net operating loss.
SB1,24 3Section 24. 71.06 (1q) (a) of the statutes, as created by 2013 Wisconsin Act 20,
4is amended to read:
SB1,10,65 71.06 (1q) (a) On all taxable income from $0 to $7,500, 4.40 percent, except that
6for taxable years beginning after December 31, 2013, 4.0 percent
.
SB1,25 7Section 25. 71.06 (2) (i) 1. of the statutes, as created by 2013 Wisconsin Act
820
, is amended to read:
SB1,10,109 71.06 (2) (i) 1. On all taxable income from $0 to $10,000, 4.40 percent, except
10that for taxable years beginning after December 31, 2013, 4.0 percent
.
SB1,26 11Section 26. 71.06 (2) (j) 1. of the statutes, as created by 2013 Wisconsin Act
1220
, is amended to read:
SB1,10,1413 71.06 (2) (j) 1. On all taxable income from $0 to $5,000, 4.40 percent, except that
14for taxable years beginning after December 31, 2013, 4.0 percent
.
SB1,27 15Section 27. 71.07 (4k) (b) 1. of the statutes, as created by 2013 Wisconsin Act
1620
, is amended to read:
SB1,11,1117 71.07 (4k) (b) 1. Subject to the limitations provided in this subsection, and
18except as provided in subds. 2. and 3., for taxable years beginning after December
1931, 2012, an individual, a partner of a partnership, a shareholder of a tax-option
20corporation, or a member of a limited liability company may claim a credit against
21the tax imposed under s. 71.02 or 71.08, as allocated under par. (d), an amount equal
22to 5 percent of the amount obtained by subtracting from the individual's,
23partnership's, tax-option corporation's, or limited liability company's qualified
24research expenses, as defined in section 41 of the Internal Revenue Code, except that
25"qualified research expenses" includes only expenses incurred by the individual,

1partnership, tax-option corporation, or the limited liability company, incurred for
2research conducted in this state for the taxable year, except that a taxpayer may elect
3the alternative computation under section 41 (c) (4) of the Internal Revenue Code
4and that election applies until the department permits its revocation, except as
5provided in par. (c), and except that "qualified research expenses" does not include
6compensation used in computing the credit under subs. (2dj) and (2dx), the entity's
7base amount, as defined in section 41 (c) of the Internal Revenue Code, except that
8gross receipts used in calculating the base amount means gross receipts from sales
9attributable to Wisconsin under ss. 71.04 (7) (b) 1. and 2., (df), (dh), (dj), and (dk).
10Section 41 (h) of the Internal Revenue Code does not apply to the credit under this
11subdivision.
SB1,28 12Section 28. 71.07 (5i) (c) 3. of the statutes is created to read:
SB1,11,1413 71.07 (5i) (c) 3. No credit may be claimed under this subsection based on an
14amount paid under par. (b) after December 31, 2013.
SB1,29 15Section 29. 71.07 (5m) (a) 4. of the statutes is amended to read:
SB1,11,1716 71.07 (5m) (a) 4. "Net tax liability" means a claimant's income tax liability after
17he or she completes the computations listed in s. 71.10 (4) (a) to (dr) (d).
SB1,30 18Section 30. 71.07 (5n) (b) (intro.) of the statutes is amended to read:
SB1,11,2319 71.07 (5n) (b) Filing claims. (intro.) Subject to the limitations provided in this
20subsection, a claimant may claim as a credit against the tax imposed under s. ss.
2171.02 and 71.08, up to the amount of the tax, an amount equal to one of the following
22percentages of the claimant's eligible qualified production activities income in the
23taxable year:
SB1,31 24Section 31. 71.07 (9r) (a) of the statutes is amended to read:
SB1,12,10
171.07 (9r) (a) For taxable years beginning on or after August 1, 1988, any
2natural person may credit against taxes otherwise due under s. 71.02 or 71.08 an
3amount equal to 25% of the costs of preservation or rehabilitation of historic property
4located in this state, including architectural fees and costs incurred in preparing
5nomination forms for listing in the national register of historic places in Wisconsin
6or the state register of historic places, if the nomination is made within 5 years prior
7to submission of a preservation or rehabilitation plan under par. (b) 3. b., and if the
8physical work of construction or destruction in preparation for construction begins
9after December 31, 1988, except that the credit may not exceed $10,000, or $5,000
10for married persons filing separately, for any preservation or rehabilitation project.
SB1,32 11Section 32 . 71.08 (1) (intro.) of the statutes, as affected by 2013 Wisconsin Act
1262
, is amended to read:
SB1,12,2213 71.08 (1) Imposition. (intro.) If the tax imposed on a natural person, married
14couple filing jointly, trust, or estate under s. 71.02, not considering the credits under
15ss. 71.07 (1), (2dd), (2de), (2di), (2dj), (2dL), (2dr), (2ds), (2dx), (2dy), (3m), (3n), (3p),
16(3q), (3r), (3rm), (3rn), (3s), (3t), (3w), (5b), (5d), (5e), (5f), (5h), (5i), (5j), (5n), (6), (6e),
17(8r), (9e), and (9m), 71.28 (1dd), (1de), (1di), (1dj), (1dL), (1ds), (1dx), (1dy), (2m), (3),
18(3n), (3t), and (3w), 71.47 (1dd), (1de), (1di), (1dj), (1dL), (1ds), (1dx), (1dy), (2m), (3),
19(3n), (3t), and (3w), 71.57 to 71.61, and 71.613 and subch. VIII and payments to other
20states under s. 71.07 (7), is less than the tax under this section, there is imposed on
21that natural person, married couple filing jointly, trust or estate, instead of the tax
22under s. 71.02, an alternative minimum tax computed as follows:
SB1,33 23Section 33 . 71.08 (1) (intro.) of the statutes, as affected by 2013 Wisconsin Acts
2462
and .... (this act), is amended to read:
SB1,13,10
171.08 (1) Imposition. (intro.) If the tax imposed on a natural person, married
2couple filing jointly, trust, or estate under s. 71.02, not considering the credits under
3ss. 71.07 (1), (2dd), (2de), (2di), (2dj), (2dL), (2dr), (2ds), (2dx), (2dy), (3m), (3n), (3p),
4(3q), (3r), (3rm), (3rn), (3s), (3t), (3w), (4k), (5b), (5d), (5e), (5f), (5h), (5i), (5j), (5n), (6),
5(6e), (8r), (9e), and (9m), and (9r), 71.28 (1dd), (1de), (1di), (1dj), (1dL), (1ds), (1dx),
6(1dy), (2m), (3), (3n), (3t), and (3w), 71.47 (1dd), (1de), (1di), (1dj), (1dL), (1ds), (1dx),
7(1dy), (2m), (3), (3n), (3t), and (3w), 71.57 to 71.61, and 71.613 and subch. VIII and
8payments to other states under s. 71.07 (7), is less than the tax under this section,
9there is imposed on that natural person, married couple filing jointly, trust or estate,
10instead of the tax under s. 71.02, an alternative minimum tax computed as follows:
SB1,34 11Section 34. 71.10 (4) (cr) of the statutes is renumbered 71.10 (4) (fn).
SB1,35 12Section 35. 71.10 (4) (dr) of the statutes is renumbered 71.10 (4) (fp).
SB1,36 13Section 36. 71.10 (4) (er) of the statutes, as created by 2013 Wisconsin Act 20,
14is renumbered 71.10 (4) (fr).
SB1,37 15Section 37. 71.28 (5i) (c) 3. of the statutes is created to read:
SB1,13,1716 71.28 (5i) (c) 3. No credit may be claimed under this subsection based on an
17amount paid under par. (b) after December 31, 2013.
SB1,38 18Section 38. 71.28 (9s) (d) 3. of the statutes, as created by 2013 Wisconsin Act
1920
, is amended to read:
SB1,13,2520 71.28 (9s) (d) 3. No credit may be claimed under this subsection for taxable
21years beginning after December 31, 2013. Credits under this subsection for taxable
22years that begin before January 1, 2014, may be carried forward to taxable years that
23begin after December 31, 2013
, except that a claimant who is first eligible to claim
24a credit under this subsection for taxable years beginning after December 31, 2012,
25and before January 1, 2014, may claim the credit in the following taxable year
.
SB1,39
1Section 39. 71.47 (5i) (c) 3. of the statutes is created to read:
SB1,14,32 71.47 (5i) (c) 3. No credit may be claimed under this subsection based on an
3amount paid under par. (b) after December 31, 2013.
SB1,40 4Section 40. 71.47 (9s) (d) 3. of the statutes, as created by 2013 Wisconsin Act
520
, is amended to read:
SB1,14,116 71.47 (9s) (d) 3. No credit may be claimed under this subsection for taxable
7years beginning after December 31, 2013. Credits under this subsection for taxable
8years that begin before January 1, 2014, may be carried forward to taxable years that
9begin after December 31, 2013
, except that a claimant who is first eligible to claim
10a credit under this subsection for taxable years beginning after December 31, 2012,
11and before January 1, 2014, may claim the credit in the following taxable year
.
SB1,41 12Section 41. 71.52 (6) of the statutes is amended to read:
SB1,16,213 71.52 (6) "Income" means the sum of Wisconsin adjusted gross income and the
14following amounts, to the extent not included in Wisconsin adjusted gross income:
15maintenance payments (except foster care maintenance and supplementary
16payments excludable under section 131 of the internal revenue code), support money,
17cash public assistance (not including credit granted under this subchapter and
18amounts under s. 46.27), cash benefits paid by counties under s. 59.53 (21), the gross
19amount of any pension or annuity (including railroad retirement benefits, all
20payments received under the federal social security act and veterans disability
21pensions), nontaxable interest received from the federal government or any of its
22instrumentalities, nontaxable interest received on state or municipal bonds,
23worker's compensation, unemployment insurance, the gross amount of "loss of time"
24insurance, compensation and other cash benefits received from the United States for
25past or present service in the armed forces, scholarship and fellowship gifts or

1income, capital gains, gain on the sale of a personal residence excluded under section
2121 of the internal revenue code, dividends, income of a nonresident or part-year
3resident who is married to a full-year resident, housing allowances provided to
4members of the clergy, the amount by which a resident manager's rent is reduced,
5nontaxable income of an American Indian, nontaxable income from sources outside
6this state and nontaxable deferred compensation. Intangible drilling costs,
7depletion allowances and depreciation, including first-year depreciation allowances
8under section 179 of the internal revenue code, amortization, contributions to
9individual retirement accounts under section 219 of the internal revenue code,
10contributions to Keogh plans, net operating loss carry-backs and carry-forwards
11and capital loss carry-forwards deducted in determining Wisconsin adjusted gross
12income shall be added to "income". "Income" does not include gifts from natural
13persons, cash reimbursement payments made under title XX of the federal social
14security act, surplus food or other relief in kind supplied by a governmental agency,
15the gain on the sale of a personal residence deferred under section 1034 of the
16internal revenue code or nonrecognized gain from involuntary conversions under
17section 1033 of the internal revenue code. Amounts not included in adjusted gross
18income but added to "income" under this subsection in a previous year and repaid
19may be subtracted from income for the year during which they are repaid.
20Scholarship and fellowship gifts or income that are included in Wisconsin adjusted
21gross income and that were added to household income for purposes of determining
22the credit under this subchapter in a previous year may be subtracted from income
23for the current year in determining the credit under this subchapter. A marital
24property agreement or unilateral statement under ch. 766 has no effect in computing

1"income" for a person whose homestead is not the same as the homestead of that
2person's spouse.
SB1,42 3Section 42. 77.54 (61) (intro.), (a) and (b) of the statutes, as created by 2013
4Wisconsin Act 20
, are amended to read:
SB1,16,125 77.54 (61) (intro.) The sales price from the sale of and the storage, use, or other
6consumption of the following by a person primarily engaged, as determined by the
7department,
in commercial printing, not including screen printing or book printing,
8without publishing, except for gray goods; printing, or printing and binding, books
9or pamphlets without publishing the books or pamphlets; or performing prepress
10and postpress services in support of printing activities
book printing, or support
11activities for printing described under 323111, 323117, and 323120 of the North
12American Industry Classification System
:
SB1,16,1513 (a) Computers and servers that are used primarily to store copies of the product
14that are sent to a digital printer, a platemaking machine, or a printing press or used
15primarily in prepress or postpress activities
.
SB1,16,1816 (b) Tangible personal property purchased from out-of-state sellers that are
17temporarily stored, remain idle, and not used in this state for not more than 180 days
18and that are then delivered and used solely outside of this state.
SB1,43 19Section 43. 77.54 (61) (c) of the statutes is created to read:
SB1,16,2020 77.54 (61) (c) In this subsection:
SB1,16,2221 1. "Postpress activities" include paper bronzing, die-cutting, edging,
22embossing, folding, gilding, gluing, and indexing.
SB1,16,2423 2. "Prepress activities" include making print-ready plates, typesetting, trade
24binding, and sample mounting.
SB1,16,2525 3. "Temporarily" means not more than 180 days.
SB1,44
1Section 44. 238.16 (3) (intro.) of the statutes, as affected by 2013 Wisconsin
2Act 20
, is amended to read:
SB1,17,93 238.16 (3) Eligibility for tax benefits. (intro.) A person certified under sub.
4(2) may receive tax benefits under this section if, in each year for which the person
5claims tax benefits under this section, the person increases net employment in this
6state
in the person's business above the net employment in this state in the person's
7business during the year before the person was certified under sub. (2), as
8determined by the corporation under its policies and procedures, and one of the
9following applies:
SB1,9143 10Section 9143. Nonstatutory provisions; Technical College System.
SB1,17,1411 (1) Aid notification. By October 15, 2014, the state technical college system
12board shall notify each technical college district board of the amount of aid it will
13receive under section 38.16 (4) of the statutes, as created by this act, on February 20,
142015.
SB1,9337 15Section 9337. Initial applicability; Revenue.
SB1,17,17 16(1) Commercial printing. The treatment of section 77.54 (61) (intro.), (a), (b),
17and (c) of the statutes first applies retroactively to sales made on October 1, 2013.
SB1,17,21 18(2) Research and rehabilitation credits. The treatment of sections 71.07 (4k)
19(b) 1., (5m) (a) 4., and (9r) (a), 71.08 (1) (intro.) (as it relates to the state historic
20rehabilitation credit and the research credit), and 71.10 (4) (dr) and (er) of the
21statutes first applies to taxable years beginning on January 1, 2014.
SB1,17,24 22(3) Carry-backs. The treatment of section 71.52 (6) of the statutes, the
23renumbering of section 71.05 (8) (b) of the statutes, and the creation of section 71.05
24(8) (b) 2. of the statutes first apply to taxable years beginning on January 1, 2014.
SB1,18,2
1(4) Overpayments. The treatment of section 71.05 (8) (c) of the statutes first
2applies to refunds paid on January 1, 2014.
SB1,18,6 3(5) Manufacturing and agriculture credits. The treatment of sections 71.07
4(5n) (b) (intro.), 71.08 (1) (intro.) (as it relates to the manufacturing and agriculture
5credit), and 71.10 (4) (cr) of the statutes first applies retroactively to taxable years
6beginning on January 1, 2013.
SB1,9400 7Section 9400. Effective dates; general. Except as otherwise provided in
8Sections 9401 to 9452 of this act, this act takes effect on the day after publication.
SB1,9437 9Section 9437. Effective dates; Revenue.
SB1,18,11 10(1) Commercial printing. The treatment of section 77.54 (61) (intro.), (a), (b),
11and (c) of the statutes takes effect retroactively to October 1, 2013.
SB1,18,14 12(2) Manufacturing and agriculture credits. The treatment of sections 71.07
13(5n) (b) (intro.), 71.08 (1) (intro.) (by Section 32), and 71.10 (4) (cr) of the statutes
14takes effect retroactively on January 1, 2013.
SB1,18,17 15(3) Research and rehabilitation credits. The treatment of sections 71.07 (4k)
16(b) 1., (5m) (a) 4., and (9r) (a), 71.08 (1) (intro.) (by Section 33), and 71.10 (4) (dr) and
17(er) of the statutes takes effect on January 1, 2014.
SB1,18,1818 (End)
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