Current through December 30, 2024
Section Tour 4.60 - DefinitionsIn this subchapter:
(1) The definitions in s. 71.07(5h) (a) 1 to 4., Stats., shall apply. Note: Section 71.07(5h) (a) 1 to 4., Stats., reads as follows:
1." "Claimant" means a person who files a claim under this subsection and who does business in this state as a film production company.2. "Film production company" means an entity that exclusively creates accredited productions, as defined in sub. (5f) (a) 1.3. "Physical work" does not include preliminary activities such as planning, designing, securing financing, researching, developing specifications, or stabilizing property to prevent deterioration.4. "Previously owned property" means real property that the claimant or a related person owned during the 2 years prior to doing business in this state as a film production company and for which the claimant may not deduct a loss from the sale of the property to, or an exchange of the property with, the related person under section 267 of the Internal Revenue Code, except that section 267 of the Internal Revenue Code is modified so that if the claimant owns any part of the property, rather than 50 percent ownership, the claimant is subject to section 267 of the Internal Revenue Code for purposes of this subsection."(2) "Department" means the department of tourism.(3) "Incurred" means funds equal to the total cost have been disbursed by a potential claimant.(4) "Person" includes natural persons, fiduciaries, and corporations, unless the context requires otherwise.Wis. Admin. Code Department of Tourism Tour 4.60
CR 07-063: cr. Register December 2007 No. 624, eff. 1-1-08; CR 10-116: am. (3) Register May 2011 No. 665, eff. 6-1-11; correction in (2) made under s. 13.92(4) (b) 6, Stats., Register December 2011 No. 672.