WI SB880

Individuals age 67+ claiming the retirement plan income tax subtraction (up to $24,000 individual/$48,000 joint filers) are prohibited from claiming any state income tax credits, including carrying forward unused credits to subsequent tax years

Film production services tax credit calculations changed from using "budgeted" production expenditures to "actual" production expenditures when determining whether the $1,000,000 threshold applies for excluding the two highest-paid employees' wages

Department of Revenue authorized to act as an agent of the Department of Administration for purchasing contractual services that require access to federal tax information from the IRS

Technical corrections made to statutory references for the retirement plan subtraction and film production credit provisions, including consolidating related subdivisions and updating Internal Revenue Code citations