41.152 Film production tax credits.
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41.152 Film production tax credits.
(1)The state film office shall implement a program to accredit productions and certify expenses for purposes of ss. 71.07
(5f)and
(5h), 71.28
(5f)and
(5h), and 71.47
(5f)and
(5h). Application for accreditation or certification shall be made to the office in each taxable year for which accreditation or certification is desired.
(2)If the state film office accredits a production under sub.
(1), the office shall determine the amount of the production’s production expenditures, as defined in s. 71.07
(a)4. The state film office shall not issue an accreditation or certification under sub.
(1)without first receiving written confirmation from the applicant that the applicant has retained a certified public accountant located in this state to conduct periodic audits to ensure compliance with this section and ss. 71.07
(5f)and
(5h), 71.28
(5f)and
(5h), and 71.47
(5f)and
(5h), as prescribed by rule by the office. An entity applying for a tax credit under s. 71.07
(5f), 71.28
(5f), or 71.47
(5f)that does not have its commercial domicile in this state shall indicate that on its application along with the amount of production expenditures it anticipates spending in this state and the amount of expenditures, if any, it anticipates spending in another state on the same production.