Wisconsin Administrative Code
Department of Tourism
Chapter Tour 4 - Film production accreditation program
Subchapter III - Tax Credits for Establishing or Operating a Film Production Company
Section Tour 4.70 - Certification of expenses relating to establishing a film production company

Universal Citation: WI Admin Code ยง Tour 4.70

Current through November 25, 2024

(1)

(a) To obtain the department's preliminary approval in sub. (3), a potential claimant shall submit all of the following to the department, in writing:
1. A valid, department-prescribed application form.

Note: The application form that is currently valid can be obtained from the department at P.O. Box 8690, Madison, WI, 53708-8690; and may be available by accessing the department's Web site at http://industry.travelwisconsin, and searching for the film production accreditation program.

2. A preliminary, estimated list of the expenses referenced in sub. (5).

3. A description of how the estimated expenses will relate to establishing or operating a film production company in Wisconsin.

4. Documentation showing that the expenses will be within the scope prescribed in s. 71.07(5h) (b)1, 71.28(5h) (b) 1, or 71.47(5h) (b) 1, Stats.

Note: The expenses prescribed in s. 71.07(5h) (b) 1, 71.28(5h) (b) 1, and 71.47(5h) (b) 1, Stats., consist of "The purchase price of depreciable, tangible personal property and items, property, and goods under s. 77.52(1) (b), (c), and (d), if the sale of the tangible personal property, items, property, or goods is sourced to this state under s. 77.522."

5. Documentation showing that the expenses will comply with the limitations in s. 71.07(5h) (c) 1 to 3., 71.28 (5h) (c) 1. to 3., or 71.47 (5h) (c) 1. to 3., Stats.

Note: Sections 71.07(5h) (c) 1 to 3., 71.28 (5h) (c) 1. to 3., and 71.47 (5h) (c) 1. to 3., Stats., read as follows:

"Limitations.

1. A claimant may claim the credit under par. (b) 1., if the tangible personal property, or item, property, or good under s. 77.52(1) (b), (c), or (d), is purchased after December 31, 2008, and the tangible personal property, item, property, or good is used for at least 50 percent of its use in the claimant's business as a film production company.

2. A claimant may claim the credit under par. (b) 2. for an amount expended to construct, rehabilitate, remodel, or repair real property, if the claimant began the physical work of construction, rehabilitation, remodeling, or repair, or any demolition or destruction in preparation for the physical work, after December 31, 2008, and the completed project is placed in service after December 31, 2008.

3. A claimant may claim the credit under par. (b) 2. for an amount expended to acquire real property, if the property is not previously owned property and if the claimant acquires the property after December 31, 2008, and the completed project is placed in service after December 31, 2008."

(b) A potential claimant shall provide any subsequent clarification requested by the department.

(2) The department shall consider whether all of the following are likely, in determining whether to issue a preliminary approval for establishing a film production company:

(a) The film production company and its investment would enhance economic development in Wisconsin.

(b) The film production company and its investment would enhance the potential for increasing the film, video or electronic game industry in Wisconsin.

(3) If the department determines that the expenses submitted under sub. (1) are expected to comply with s. 71.07(5h) (c) 1 to 3., 71.28 (5h) (c) 1. to 3., or 71.47 (5h) (c) 1. to 3., Stats., and that the film production company is expected to meet the conditions in sub. (2) (a) and (b), the department shall issue a preliminary approval to the potential claimant.

(4) To obtain the department's certification in sub. (5), and prior to filing for tax benefits, a potential claimant shall submit a finalized, incurred list of the expenses referenced in sub. (5), along with an explanation for any of the expenses which differ from the preliminary list under sub. (1).

(5)

(a) In accordance with ss. 71.07(5h), 71.28(5h), and 71.47(5h), Stats., and subject to any reduction under par. (b), the department shall certify, in writing to a potential claimant, expenses that the department determines are related to establishing or operating a film production company in Wisconsin.

(b) The department may award a lesser allocation of tax credits than what the applicant may be eligible for, to either broaden the potential for promoting economic development or to avoid exceeding the annual aggregated cap of $500,000 specified in ss. 71.07(5f) (c) 5. and (5h) (c) 4m, 71.28(5f) (c) 5. and (5h) (c) 4m, and 71.47(5f) (c) 5. and (5h) (c) 4m, Stats.

(6)

(a) The department may increase the amount specified in a certification issued under sub. (5), after a potential claimant submits adequate written justification for that increase.

(b) The department may decrease the amount specified in a certification issued under sub. (5), after determining that the information on which the amount was based is inaccurate or significantly misleading.

(c) The department shall notify a potential claimant, in writing, of any increase or decrease established under this subsection.

(d) The department shall notify the department of revenue, in writing, of any decrease established under this subsection.

Disclaimer: These regulations may not be the most recent version. Wisconsin may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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