2011 WISCONSIN ACT
15
An Act
to amend
71.07 (3n) (a) 2. (intro.), 71.07 (3n) (a) 5. (intro.), 71.07 (3n) (a) 6. b., 71.07 (3n) (b) 1., 71.07 (3n) (b) 2., 71.28 (3n) (a) 2. (intro.), 71.28 (3n) (a) 5. (intro.), 71.28 (3n) (a) 6. b., 71.28 (3n) (b) 1., 71.28 (3n) (b) 2., 71.47 (3n) (a) 2. (intro.), 71.47 (3n) (a) 5. (intro.), 71.47 (3n) (a) 6. b., 71.47 (3n) (b) 1. and 71.47 (3n) (b) 2. of the statutes;
relating to:
the dairy and livestock farm investment credits.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
Section
1
.
71.07 (3n) (a) 2. (intro.) of the statutes is amended to read:
71.07
(3n)
(a) 2. (intro.) "Dairy farm modernization or expansion" means the construction, the improvement, or the acquisition of buildings or facilities, or the acquisition of equipment, for dairy animal housing, confinement, animal feeding, milk production, or waste management, including the following, if used exclusively related to dairy animals and if acquired and placed in service in this state during taxable years that begin after December 31, 2003, and before January 1,
2012
2017
:
Section
1d
.
71.07 (3n) (a) 5. (intro.) of the statutes is amended to read:
71.07
(3n)
(a) 5. (intro.) "Livestock farm modernization or expansion" means the construction, the improvement, or the acquisition of buildings or facilities, or the acquisition of equipment, for livestock housing, confinement, feeding, or waste management, including the following, if used exclusively related to livestock and if acquired and placed in service in this state during taxable years that begin after December 31, 2005, and before January 1,
2012
2017
:
Section
2
.
71.07 (3n) (a) 6. b. of the statutes is amended to read:
71.07
(3n)
(a) 6. b. For taxable years that begin after December 31, 2005, and before January 1,
2012
2017
, "used exclusively," related to livestock, dairy animals, or both, means used to the exclusion of all other uses except for use not exceeding 5 percent of total use.
Section
3
.
71.07 (3n) (b) 1. of the statutes is amended to read:
71.07
(3n)
(b) 1. Subject to the limitations provided in this subsection, for taxable years that begin after December 31, 2003, and before January 1,
2012
2017
, a claimant may claim as a credit against the tax imposed under ss. 71.02 and 71.08 an amount equal to 10% of the amount the claimant paid in the taxable year for dairy farm modernization or expansion related to the operation of the claimant's dairy farm.
Section
3d
.
71.07 (3n) (b) 2. of the statutes is amended to read:
71.07
(3n)
(b) 2. Subject to the limitations provided in this subsection, for taxable years that begin after December 31, 2005, and before January 1,
2012
2017
, a claimant may claim as a credit against the tax imposed under ss. 71.02 and 71.08 an amount equal to 10 percent of the amount the claimant paid in the taxable year for livestock farm modernization or expansion related to the operation of the claimant's livestock farm.
Section
4
.
71.28 (3n) (a) 2. (intro.) of the statutes is amended to read:
71.28
(3n)
(a) 2. (intro.) "Dairy farm modernization or expansion" means the construction, the improvement, or the acquisition of buildings or facilities, or acquiring equipment, for dairy animal housing, confinement, animal feeding, milk production, or waste management, including the following, if used exclusively related to dairy animals and if acquired and placed in service in this state during taxable years that begin after December 31, 2003, and before January 1,
2012
2017
:
Section
4d
.
71.28 (3n) (a) 5. (intro.) of the statutes is amended to read:
71.28
(3n)
(a) 5. (intro.) "Livestock farm modernization or expansion" means the construction, the improvement, or the acquisition of buildings or facilities, or the acquisition of equipment, for livestock housing, confinement, feeding, or waste management, including the following, if used exclusively related to livestock and if acquired and placed in service in this state during taxable years that begin after December 31, 2005, and before January 1,
2012
2017
:
Section
5
.
71.28 (3n) (a) 6. b. of the statutes is amended to read:
71.28
(3n)
(a) 6. b. For taxable years that begin after December 31, 2005, and before January 1,
2012
2017
, "used exclusively," related to livestock, dairy animals, or both, means used to the exclusion of all other uses except for use not exceeding 5 percent of total use.
Section
6
.
71.28 (3n) (b) 1. of the statutes is amended to read:
71.28
(3n)
(b) 1. Subject to the limitations provided in this subsection, for taxable years that begin after December 31, 2003, and before January 1,
2012
2017
, a claimant may claim as a credit against the tax imposed under s. 71.23 an amount equal to 10% of the amount the claimant paid in the taxable year for dairy farm modernization or expansion related to the operation of the claimant's dairy farm.
Section
6d
.
71.28 (3n) (b) 2. of the statutes is amended to read:
71.28
(3n)
(b) 2. Subject to the limitations provided in this subsection, for taxable years that begin after December 31, 2005, and before January 1,
2012
2017
, a claimant may claim as a credit against the tax imposed under s. 71.23 an amount equal to 10 percent of the amount the claimant paid in the taxable year for livestock farm modernization or expansion related to the operation of the claimant's livestock farm.
Section
7
.
71.47 (3n) (a) 2. (intro.) of the statutes is amended to read:
71.47
(3n)
(a) 2. (intro.) "Dairy farm modernization or expansion" means the construction, the improvement, or the acquisition of buildings or facilities, or the acquisition of equipment, for dairy animal housing, confinement, animal feeding, milk production, or waste management, including the following, if used exclusively related to dairy animals and if acquired and placed in service in this state during taxable years that begin after December 31, 2003, and before January 1,
2012
2017
:
Section
7d
.
71.47 (3n) (a) 5. (intro.) of the statutes is amended to read:
71.47
(3n)
(a) 5. (intro.) "Livestock farm modernization or expansion" means the construction, the improvement, or the acquisition of buildings or facilities, or the acquisition of equipment, for livestock housing, confinement, feeding, or waste management, including the following, if used exclusively related to livestock and if acquired and placed in service in this state during taxable years that begin after December 31, 2005, and before January 1,
2012
2017
:
Section
8
.
71.47 (3n) (a) 6. b. of the statutes is amended to read:
71.47
(3n)
(a) 6. b. For taxable years that begin after December 31, 2005, and before January 1,
2012
2017
, "used exclusively," related to livestock, dairy animals, or both, means used to the exclusion of all other uses except for use not exceeding 5 percent of total use.
Section
9
.
71.47 (3n) (b) 1. of the statutes is amended to read:
71.47
(3n)
(b) 1. Subject to the limitations provided in this subsection, for taxable years that begin after December 31, 2003, and before January 1,
2012
2017
, a claimant may claim as a credit against the tax imposed under s. 71.43 an amount equal to 10% of the amount the claimant paid in the taxable year for dairy farm modernization or expansion related to the operation of the claimant's dairy farm.
Section
9d
.
71.47 (3n) (b) 2. of the statutes is amended to read:
71.47
(3n)
(b) 2. Subject to the limitations provided in this subsection, for taxable years that begin after December 31, 2005, and before January 1,
2012
2017
, a claimant may claim as a credit against the tax imposed under s. 71.43 an amount equal to 10 percent of the amount the claimant paid in the taxable year for livestock farm modernization or expansion related to the operation of the claimant's livestock farm.
