SB462,2,88 71.07 (5dd) Energy efficient equipment credit. (a) In this subsection:

SB462,2,99 1. "Claimant" means a person who files a claim under this subsection.

SB462,2,1310 2. "Equipment" includes central air conditioners, furnaces, boilers,
11programmable thermostats, natural gas refrigeration pumps, ground source and air
12source heat pumps, natural gas water heaters, electric heat pump water heaters and
13fuel cells.

SB462,2,1514 (b) A claimant may claim as a credit against the tax imposed under s. 71.02 any
15of the following:

SB462,2,1816 1. An amount equal to 10% of the costs paid or incurred by the claimant to
17purchase equipment with a seasonal energy efficiency ratio of at least 12.0, but not
18exceeding $250 for each piece of equipment purchased.

SB462,2,2119 2. An amount equal to 20% of the costs paid or incurred by the claimant to
20purchase equipment with a seasonal energy efficiency ratio of at least 15.0., but not
21exceeding $500 for each piece of equipment purchased.

SB462,2,2322 (c) The carry-over provisions of s. 71.28 (4) (e) and (f), as they apply to the credit
23under s. 71.28 (4), apply to the credit under this subsection.

SB462,3,624 (d) Partnerships, limited liability companies and tax-option corporations may
25not claim the credit under this subsection, but the eligibility for, and the amount of,

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1the credit are based on the costs paid or incurred under par. (b). A partnership,
2limited liability company or tax-option corporation shall compute the amount of
3credit that each of its partners, members or shareholders may claim and shall
4provide that information to each of them. Partners, members of limited liability
5companies and shareholders of tax-option corporations may claim the credit in
6proportion to their ownership interest.

SB462,3,87 (e) Section 71.28 (4) (g) and (h), as it applies to the credit under s. 71.28 (4),
8applies to the credit under this subsection.

SB462,3,1010 71.10 (4) (cr) The energy efficient equipment credit under s. 71.07 (5dd).

SB462,3,1412 71.21 (4) Credits computed by a partnership under s. 71.07 (2dd), (2de), (2di),
13(2dj), (2dL), (2ds), (2dx) and, (3s) and (5dd) and passed through to partners shall be
14added to the partnership's income.

SB462,4,616 71.26 (2) (a) Corporations in general. The "net income" of a corporation means
17the gross income as computed under the internal revenue code Internal Revenue
18Code as modified under sub. (3) minus the amount of recapture under s. 71.28 (1di)
19plus the amount of credit computed under s. 71.28 (1) and (3) to (5) plus the amount
20of the credit computed under s. 71.28 (1dd), (1de), (1di), (1dj), (1dL), (1ds) and, (1dx)
21and (5dd) and not passed through by a partnership, limited liability company or
22tax-option corporation that has added that amount to the partnership's, limited
23liability company's or tax-option corporation's income under s. 71.21 (4) or 71.34 (1)
24(g) plus the amount of losses from the sale or other disposition of assets the gain from
25which would be wholly exempt income, as defined in sub. (3) (L), if the assets were

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1sold or otherwise disposed of at a gain and minus deductions, as computed under the
2internal revenue code Internal Revenue Code as modified under sub. (3), plus or
3minus, as appropriate, an amount equal to the difference between the federal basis
4and Wisconsin basis of any asset sold, exchanged, abandoned or otherwise disposed
5of in a taxable transaction during the taxable year, except as provided in par. (b) and
6s. 71.45 (2) and (5).

SB462,4,88 71.28 (5dd) Energy efficient equipment credit. (a) In this subsection:

SB462,4,99 1. "Claimant" means a person who files a claim under this subsection.

SB462,4,1310 2. "Equipment" includes central air conditioners, furnaces, boilers,
11programmable thermostats, natural gas refrigeration pumps, ground source and air
12source heat pumps, natural gas water heaters, electric heat pump water heaters and
13fuel cells.

SB462,4,1514 (b) A claimant may claim as a credit against the tax imposed under s. 71.23 any
15of the following:

SB462,4,1816 1. An amount equal to 10% of the costs paid or incurred by the claimant to
17purchase equipment with a seasonal energy efficiency ratio of at least 12.0, but not
18exceeding $250 for each piece of equipment purchased.

SB462,4,2119 2. An amount equal to 20% of the costs paid or incurred by the claimant to
20purchase equipment with a seasonal energy efficiency ratio of at least 15.0., but not
21exceeding $500 for each piece of equipment purchased.

SB462,4,2322 (c) The carry-over provisions of sub. (4) (e) and (f), as they apply to the credit
23under sub. (4), apply to the credit under this subsection.

SB462,5,624 (d) Partnerships, limited liability companies and tax-option corporations may
25not claim the credit under this subsection, but the eligibility for, and the amount of,

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1the credit are based on the costs paid or incurred under par. (b). A partnership,
2limited liability company or tax-option corporation shall compute the amount of
3credit that each of its partners, members or shareholders may claim and shall
4provide that information to each of them. Partners, members of limited liability
5companies and shareholders of tax-option corporations may claim the credit in
6proportion to their ownership interest.

SB462,5,87 (e) Subsection (4) (g) and (h), as it applies to the credit under sub. (4), applies
8to the credit under this subsection.

SB462,5,1010 71.30 (3) (dn) The energy efficient equipment credit under s. 71.28 (5dd).

SB462,5,1412 71.34 (1) (g) An addition shall be made for credits computed by a tax-option
13corporation under s. 71.28 (1dd), (1de), (1di), (1dj), (1dL), (1ds), (1dx) and, (3) and
14(5dd) and passed through to shareholders.

SB462,5,2116 71.45 (2) (a) 10. By adding to federal taxable income the amount of credit
17computed under s. 71.47 (1dd) to (1dx) and (5dd) and not passed through by a
18partnership, limited liability company or tax-option corporation that has added that
19amount to the partnership's, limited liability company's or tax-option corporation's
20income under s. 71.21 (4) or 71.34 (1) (g) and the amount of credit computed under
21s. 71.47 (1), (3), (4) and (5).

SB462,5,2323 71.47 (5dd) Energy efficient equipment credit. (a) In this subsection:

SB462,5,2424 1. "Claimant" means a person who files a claim under this subsection.

SB462,6,4

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12. "Equipment" includes central air conditioners, furnaces, boilers,
2programmable thermostats, natural gas refrigeration pumps, ground source and air
3source heat pumps, natural gas water heaters, electric heat pump water heaters and
4fuel cells.

SB462,6,65 (b) A claimant may claim as a credit against the tax imposed under s. 71.43 any
6of the following:

SB462,6,97 1. An amount equal to 10% of the costs paid or incurred by the claimant to
8purchase equipment with a seasonal energy efficiency ratio of at least 12.0, but not
9exceeding $250 for each piece of equipment purchased.

SB462,6,1210 2. An amount equal to 20% of the costs paid or incurred by the claimant to
11purchase equipment with a seasonal energy efficiency ratio of at least 15.0., but not
12exceeding $500 for each piece of equipment purchased.

SB462,6,1413 (c) The carry-over provisions of s. 71.28 (4) (e) and (f), as they apply to the credit
14under s. 71.28 (4), apply to the credit under this subsection.

SB462,6,2215 (d) Partnerships, limited liability companies and tax-option corporations may
16not claim the credit under this subsection, but the eligibility for, and the amount of,
17the credit are based on the costs paid or incurred under par. (b). A partnership,
18limited liability company or tax-option corporation shall compute the amount of
19credit that each of its partners, members or shareholders may claim and shall
20provide that information to each of them. Partners, members of limited liability
21companies and shareholders of tax-option corporations may claim the credit in
22proportion to their ownership interest.

SB462,6,2423 (e) Section 71.28 (4) (g) and (h), as it applies to the credit under s. 71.28 (4),
24applies to the credit under this subsection.

SB462,7,1

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171.49 (1) (dn) The energy efficient equipment credit under s. 71.47 (5dd).

SB462,7,184 77.92 (4) "Net business income", with respect to a partnership, means taxable
5income as calculated under section 703 of the Internal Revenue Code; plus the items
6of income and gain under section 702 of the Internal Revenue Code, including taxable
7state and municipal bond interest and excluding nontaxable interest income or
8dividend income from federal government obligations; minus the items of loss and
9deduction under section 702 of the Internal Revenue Code, except items that are not
10deductible under s. 71.21; plus guaranteed payments to partners under section 707
11(c) of the Internal Revenue Code; plus the credits claimed under s. 71.07 (2dd), (2de),
12(2di), (2dj), (2dL), (2dr), (2ds), (2dx) and, (3s) and (5dd); and plus or minus, as
13appropriate, transitional adjustments, depreciation differences and basis
14differences under s. 71.05 (13), (15), (16), (17) and (19); but excluding income, gain,
15loss and deductions from farming. "Net business income", with respect to a natural
16person, estate or trust, means profit from a trade or business for federal income tax
17purposes and includes net income derived as an employe as defined in section 3121
18(d) (3) of the Internal Revenue Code.