This bill requires that all corporations and their subsidiaries file combined
reports and tax returns for state income and franchise tax purposes.

Under current law, the Department of Commerce may award a grant or loan to
a business or researcher to undertake projects related to the development and
application of renewable energy technologies. This bill appropriates an additional
$8 million of general purpose revenue to the renewable energy grant and loan
program for the 2008-09 fiscal year.

Under current law, the Higher Educational Aids Board administers the
Wisconsin higher education grant (WHEG) program for postsecondary resident
students enrolled at least half-time in public institutions of higher education in this
state. Currently, $17,548,000 is appropriated in fiscal year 2008-09 for the WHEG
program for technical college students. This bill increases that amount by
$1,300,000.

The Wisconsin Works (W-2) program under current law provides work
experience and benefits for low-income custodial parents who are at least 18 years
old. Also, an individual who is the parent of a child under the age of 13 or, if the child
is disabled, under the age of 19, is eligible for a child care subsidy under the W-2
program if the individual needs child care services to participate in various
educational or work activities and satisfies other eligibility criteria. One of those

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criteria is that the individual's family income may not exceed 185 percent of the
poverty line. If an individual is already receiving a child care subsidy, however, their
family income may be as high as 200 percent of the poverty line before they lose
eligibility. This bill increases those maximum family income levels to 210 percent
of poverty for an individual who is first applying for a child care subsidy and to 225
percent of poverty for an individual who is already receiving a subsidy.

This bill directs the Wisconsin Technical College System Board to award to
technical college district boards at least $5,000,000 annually in incentive grants for
training in advanced manufacturing skills, with priority given to welding.

Under current law, the total amount of income and franchise tax credits that
taxpayers may claim for conducting business in all airport development zones, for
all taxable years, is $9,000,000. Under current law, the total amount of income and
franchise tax credits that taxpayers may claim for conducting business in a
technology zone is $5,000,000.

Under this bill, the Department of Commerce may allocate the amount of
unallocated airport development zone tax credits to technology zones for which the
$5,000,000 maximum allocation is insufficient, except that the total amount
allocated from the airport development zone program to all technology zones may not
exceed $6,000,000.

Under current law, the biennial budget act (2007 Wisconsin Act 20) requires the
secretary of administration to lapse or transfer $200,000,000 to the general fund
from certain appropriations to executive branch state agencies in the 2007-09 fiscal
biennium and another $200,000,000 in the 2009-11 fiscal biennium.

This bill decreases the amount of this required lapse or transfer under Act 20
to $175,000,000 in the 2007-09 fiscal biennium and $150,000,000 in the 2009-11
fiscal biennium. The bill also prohibits the secretary of administration from lapsing
or transferring more than a total of $25,000,000 in fiscal year 2007-08 from
Department of Transportation (DOT) appropriations; lapsing or transferring any
amount in fiscal year 2007-08 from any DOT appropriation except for the state funds
appropriation for the major highway projects program; and lapsing or transferring
any amount in fiscal year 2008-09, 2009-10, or 2010-11 from any DOT
appropriation. The bill also includes a mechanism for reversing any lapse or transfer
that occurs before the bill's effective date which would be prohibited if it had occurred
after the bill's effective date.

The bill requires the secretary of administration to transfer $75,000,000 from
the general fund to the transportation fund in fiscal year 2008-09 and $25,000,000
in each year thereafter. The bill also changes DOT's state funds appropriation for
the major highway projects program by decreasing the appropriation by $20,000,000
in fiscal year 2007-08 and increasing the appropriation by $55,000,000 in fiscal year
2008-09. The bill increases DOT's state funds appropriation for the state highway
rehabilitation program by $20,000,000 in each year of the 2007-09 fiscal biennium.
The bill also requires the secretary of administration and DOT to estimate additional

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revenues of $50,000,000 in fiscal year 2007-08, and decreased revenues of
$50,000,000 in fiscal year 2008-09, for a DOT appropriation related to revenue bond
proceeds for the major highway projects program.

Under the bill, in submitting its 2009-11 biennial budget request, DOT may not
include in its appropriation base level $50,000,000 of the $55,000,000 increase to its
state funds appropriation for the major highway projects program or the modified
estimates related to its revenue bonding appropriation for the major highway
projects program.

Under current law, the counties of Kenosha, Milwaukee, and Racine must
create a Regional Transit Authority (RTA). The RTA is responsible for the
coordination of transit and commuter rail programs within these counties. The RTA
may receive funding by imposing a rental car transaction fee within these counties,
but the fee may presently be used only to hire staff, conduct studies, and prepare a
report to the legislature and the governor, due by November 15, 2008. The report
must include certain information, including a recommendation as to whether the
responsibilities of the RTA should be limited to collection and distribution of regional
transit funding or should also include operation of transit service and a
recommendation on whether the RTA should continue in existence after September
30, 2009.

This bill provides the RTA with the responsibility for constructing and
operating a commuter rail transit system connecting the cities of Kenosha, Racine,
and Milwaukee (KRM commuter link). The bill increases the amount of the rental
car transaction fee that may be imposed if the governing body of the RTA approves
the increase. The bill reiterates the authority of the counties of Kenosha, Milwaukee,
and Racine, and of the most populous city in each of these three counties, to submit
to the electors in an advisory referendum the question of supporting this increase in
the rental car transaction fee. The bill also authorizes the RTA to issue bonds and
to use rental car transaction fees and bond proceeds for KRM commuter link
purposes. Under the bill, the interest income received from the bonds is exempt from
the state income tax. The bill also allows the RTA to participate in organizing
municipal insurance mutuals to provide insurance and risk management services to
the RTA. The bill requires the RTA's report due by November 15, 2008, to include a
study on the feasibility of adding certain commuter rail stops and of extending
commuter rail to a specified location.

Under current law, the Wisconsin Health and Educational Facilities Authority
(WHEFA) may issue bonds to finance certain projects of health or educational
institutions, to refinance outstanding debt of health or educational institutions, and
to finance a purchase of the state's right to receive any of the payments under the
Attorneys General Master Tobacco Settlement Agreement of November 23, 1998.
Projects of health or educational institutions that may be financed include, among
others, the acquisition of a hospital, the construction or operation of an ambulatory
surgery center or home health agency, and the construction, remodeling, furnishing,
or equipping of a health or educational facility or related structure.

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This bill authorizes WHEFA to issue bonds to finance any project undertaken
by a research institution for a research facility, or to refinance outstanding debt of
a research institution. A research institution is defined in the bill as an entity that
provides or operates a research facility. A research facility is defined in the bill as
a building, institution, place, or agency of a nonprofit entity that is or will be used
in whole or in part for the advancement of scientific, medical, or technological
knowledge and that does not have a specific commercial objective. Project activities
for which WHEFA may issue bonds include construction, acquisition, remodeling,
furnishing, and equipping of research facilities, related structures, and structures
or items that are useful for the operation of research facilities.