General provisions

# (1)

Computation order. Notwithstanding any other provisions in this chapter, corporations computing liability for the tax under s. 71.43 (1) or (2) shall make computations in the following order:

71.49(1)(a)

# (a)

Tax under s. 71.43 (1) or (2) .

71.49(1)(b)

# (b)

Manufacturing sales tax credit under s. 71.47 (3) .

71.49(1)(bb) (bb) Manufacturing investment credit under s. 71.47 (3t) .

71.49(1)(bm) (bm) Dairy investment credit under s. 71.47 (3n) .

71.49(1)(bn) (bn) Community rehabilitation program credit under s. 71.47 (5k) .

71.49(1)(bt) (bt) Community development entity investment credit under s. 71.47 (11) .

71.49(1)(c)

# (c)

Research credit under s. 71.47 (4) , except as provided under par. (f) .

71.49(1)(cd) (cd) Postsecondary education credit under s. 71.47 (5r) .

71.49(1)(ce) (ce) Water consumption credit under s. 71.47 (5rm) .

71.49(1)(cn) (cn) Biodiesel fuel production credit under s. 71.47 (3h) .

71.49(1)(cs) (cs) Low-income housing credit under s. 71.47 (8b) .

71.49(1)(ct) (ct) Additional employer-provided child care credit under s. 71.47 (8s) .

71.49(1)(cu) (cu) Rail infrastructure modernization credit under s. 71.47 (8t) .

71.49(1)(cv) (cv) Rail infrastructure maintenance credit under s. 71.47 (8v) .

71.49(1)(d)

# (d)

Research facilities credit under s. 71.47 (5) .

71.49(1)(dh) (dh) Long-term care insurance assessment credit under s. 71.47 (12) , except as provided under par. (f) .

71.49(1)(dm) (dm) Health Insurance Risk-Sharing Plan assessments credit under s. 71.47 (5g) .

71.49(1)(dp) (dp) Veteran employment credit under s. 71.47 (6n) .

71.49(1)(ds) (ds) Ethanol and biodiesel fuel pump credit under s. 71.47 (5j) .

71.49(1)(e)

# (e)

Community development finance credit under s. 71.47 (1) .

71.49(1)(ei) (ei) Development zone capital investment credit under s. 71.47 (1dm) .

71.49(1)(eL) (eL) Development zones credit under s. 71.47 (1dx) .

71.49(1)(ema) (ema) Economic development tax credit under s. 71.47 (1dy) .

71.49(1)(eon) (eon) Technology zones credit under s. 71.47 (3g) .

71.49(1)(eop) (eop) Early stage seed investment credit under s. 71.47 (5b) .

71.49(1)(ep) (ep) Supplement to federal historic rehabilitation credit under s. 71.47 (6) .

71.49(1)(epa) (epa) Electronic medical records credit under s. 71.47 (5i) .

71.49(1)(epr) (epr) Film production company investment credit under s. 71.47 (5h) .

71.49(1)(eps) (eps) Film production services credit under s. 71.47 (5f) (b) 1. and 3.

71.49(1)(ey) (ey) Employee college savings account contribution credit under s. 71.47 (10) .

71.49(1)(f)

# (f)

The total of farmland preservation credit under subch. IX , enterprise zone jobs credit under s. 71.47 (3w) , business development credit under s. 71.47 (3y) , research credit under s. 71.47 (4) (k) 1. , film production services credit under s. 71.47 (5f) (b) 2. , long-term care insurance assessment credit under s. 71.47 (12) (d) 2. , and estimated tax payments under s. 71.48 .

71.49(2)

# (2)

Elections under internal revenue code. Elections authorized by and made in accordance with the internal revenue code, except an election to file consolidated returns or to claim a credit against federal tax liability rather than a deduction from income, shall be deemed elections for the purpose of applying this chapter.

71.49(3)

# (3)

Penalties. Unless specifically provided in this subchapter, the penalties under subch. XIII apply for failure to comply with this subchapter unless the context requires otherwise.