For taxable years beginning after December 31, 2010, an individual may credit against the tax imposed under s. 71.02 an amount equal to one of the following percentages of the federal basic earned income credit for which the person is eligible for the taxable year under section 32 of the Internal Revenue Code: 1.
(1)#
If the person has one qualifying child who has the same principal place of abode as the person, 4 percent.
(2)#
If the person has 2 qualifying children who have the same principal place of abode as the person, 11 percent.
(3)#
If the person has 3 or more qualifying children who have the same principal place of abode as the person, 34 percent.