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2013 - 2014 LEGISLATURE
ASSEMBLY AMENDMENT 8,
TO ASSEMBLY BILL 484
January 14, 2014 - Offered by Representative Kooyenga.
AB484-AA8,1,11 At the locations indicated, amend the bill as follows:
AB484-AA8,1,2 21. Page 1, line 7: after "printing" insert "the alternative minimum tax,".
AB484-AA8,1,3 32. Page 5, line 5: after that line insert:
AB484-AA8,1,5 4" Section 7m. 71.07 (4k) (b) 1. of the statutes, as created by 2013 Wisconsin Act
520
, is amended to read:
AB484-AA8,2,126 71.07 (4k) (b) 1. Subject to the limitations provided in this subsection, and
7except as provided in subds. 2. and 3., for taxable years beginning after December
831, 2012, an individual, a partner of a partnership, a shareholder of a tax-option
9corporation, or a member of a limited liability company may claim a credit against
10the tax imposed under s. 71.02 or 71.08, as allocated under par. (d), an amount equal
11to 5 percent of the amount obtained by subtracting from the individual's,
12partnership's, tax-option corporation's, or limited liability company's qualified
13research expenses, as defined in section 41 of the Internal Revenue Code, except that

1"qualified research expenses" includes only expenses incurred by the individual,
2partnership, tax-option corporation, or the limited liability company, incurred for
3research conducted in this state for the taxable year, except that a taxpayer may elect
4the alternative computation under section 41 (c) (4) of the Internal Revenue Code
5and that election applies until the department permits its revocation, except as
6provided in par. (c), and except that "qualified research expenses" does not include
7compensation used in computing the credit under subs. (2dj) and (2dx), the entity's
8base amount, as defined in section 41 (c) of the Internal Revenue Code, except that
9gross receipts used in calculating the base amount means gross receipts from sales
10attributable to Wisconsin under ss. 71.04 (7) (b) 1. and 2., (df), (dh), (dj), and (dk).
11Section 41 (h) of the Internal Revenue Code does not apply to the credit under this
12subdivision.".
AB484-AA8,2,13 133. Page 5, line 8: after that line insert:
AB484-AA8,2,14 14" Section 8d. 71.07 (5k) (b) of the statutes is amended to read:
AB484-AA8,2,2015 71.07 (5k) (b) Filing claims. Subject to the limitations provided in this
16subsection, for taxable years beginning after July 1, 2011, a claimant may claim as
17a credit against the tax imposed under s. 71.02 or 71.08, up to the amount of those
18taxes, an amount equal to 5 percent of the amount the claimant paid in the taxable
19year to a community rehabilitation program to perform work for the claimant's
20business, pursuant to a contract.
AB484-AA8,8m 21Section 8m. 71.07 (5m) (a) 4. of the statutes is amended to read:
AB484-AA8,2,2322 71.07 (5m) (a) 4. "Net tax liability" means a claimant's income tax liability after
23he or she completes the computations listed in s. 71.10 (4) (a) (ab) to (dr).
AB484-AA8,8p 24Section 8p. 71.07 (5m) (b) (intro.) of the statutes is amended to read:
AB484-AA8,3,3
171.07 (5m) (b) Filing claims. (intro.) Subject to the limitations provided in this
2subsection, a claimant may claim as a credit against the tax imposed under s. 71.02
3or 71.08, up to the amount of those taxes, one of the following amounts:".
AB484-AA8,3,4 44. Page 5, line 14: after that line insert:
AB484-AA8,3,5 5" Section 9m. 71.07 (9r) (a) of the statutes is amended to read:
AB484-AA8,3,156 71.07 (9r) (a) For taxable years beginning on or after August 1, 1988, any
7natural person may credit against taxes otherwise due under s. 71.02 or 71.08 an
8amount equal to 25% of the costs of preservation or rehabilitation of historic property
9located in this state, including architectural fees and costs incurred in preparing
10nomination forms for listing in the national register of historic places in Wisconsin
11or the state register of historic places, if the nomination is made within 5 years prior
12to submission of a preservation or rehabilitation plan under par. (b) 3. b., and if the
13physical work of construction or destruction in preparation for construction begins
14after December 31, 1988, except that the credit may not exceed $10,000, or $5,000
15for married persons filing separately, for any preservation or rehabilitation project.".
AB484-AA8,3,16 165. Page 5, line 15: delete lines 15 to 25 and substitute:
AB484-AA8,3,18 17" Section 10b. 71.08 (1) (intro.) of the statutes, as affected by 2013 Wisconsin
18Act 20
, is amended to read:
AB484-AA8,4,419 71.08 (1) Imposition. (intro.) If the tax imposed on a natural person, married
20couple filing jointly, trust, or estate under s. 71.02, not considering the credits under
21ss. 71.07 (1), (2dd), (2de), (2di), (2dj), (2dL), (2dr), (2ds), (2dx), (2dy), (3m), (3n), (3p),
22(3q), (3r), (3rm), (3rn), (3s), (3t), (3w), (5b), (5d), (5e), (5f), (5h), (5i), (5j), (6), (6e), (8r),
23(9e), and (9m)
, 71.28 (1dd), (1de), (1di), (1dj), (1dL), (1ds), (1dx), (1dy), (2m), (3), (3n),
24(3t), and (3w)
, 71.47 (1dd), (1de), (1di), (1dj), (1dL), (1ds), (1dx), (1dy), (2m), (3), (3n),

1(3t), and (3w)
, 71.57 to 71.61, and 71.613 and subch. VIII and payments to other
2states under s. 71.07 (7), is less than the tax under this section, there is imposed on
3that natural person, married couple filing jointly, trust or estate, instead of the tax
4under s. 71.02, an alternative minimum tax computed as follows:".
AB484-AA8,4,5 56. Page 5, line 25: after that line insert:
AB484-AA8,4,6 6" Section 10d. 71.08 (1) (d) of the statutes is amended to read:
AB484-AA8,4,157 71.08 (1) (d) Subtract from the amount under par. (c) the appropriate amount
8under section 55 (d) (1) and, (3), and (4) of the internal revenue code federal Internal
9Revenue Code in effect for the taxable year
; except that surviving spouses shall be
10treated as single individuals; except that the amount under par. (c), not the federal
11alternative minimum taxable income, shall be used in calculating the phase-out and
12except that for nonresidents and part-year residents the amount under section 55
13(d) (1) and, (3), and (4) of the internal revenue code federal Internal Revenue Code
14in effect for the taxable year
shall be prorated on the basis of the ratio of Wisconsin
15adjusted gross income to federal adjusted gross income.".
AB484-AA8,4,16 167. Page 6, line 1: delete that line and substitute:
AB484-AA8,4,17 17" Section 11b. 71.10 (4) (a) of the statutes is renumbered 71.10 (4) (ad).
AB484-AA8,11d 18Section 11d. 71.10 (4) (f) of the statutes is renumbered 71.10 (4) (ab).".
AB484-AA8,4,19 198. Page 9, line 25: after that line insert:
AB484-AA8,4,22 20"(1d) The treatment of sections 71.07 (4k) (b) 1., (5k) (b), (5m) (a) 4. and (b)
21(intro.), and (9r) (a), 71.08 (1) (intro.) and (d), and 71.10 (4) (a) and (f) of the statutes
22first applies to taxable years beginning on January 1, 2014.".
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