AB910-ASA1,29 22Section 29. 71.22 (4m) (k) 3. of the statutes, as created by 2017 Wisconsin Act
2359
, is amended to read:
AB910-ASA1,13,224 71.22 (4m) (k) 3. For purposes of this paragraph, “Internal Revenue Code" does
25not include amendments to the federal Internal Revenue Code enacted after

1December 31, 2016, except that “Internal Revenue Code” includes sections 11024,
211025, and 13543 of P.L. 115-97
.
AB910-ASA1,30 3Section 30 . 71.22 (4m) (L) of the statutes is created to read:
AB910-ASA1,13,84 71.22 (4m) (L) 1. For taxable years beginning after December 31, 2017,
5“Internal Revenue Code", for corporations that are subject to a tax on unrelated
6business income under s. 71.26 (1) (a), means the federal Internal Revenue Code as
7amended to December 31, 2017, except as provided in subds. 2. and 3. and s. 71.98
8and subject to subd. 4.
AB910-ASA1,14,29 2. For purposes of this paragraph, “Internal Revenue Code" does not include
10the following provisions of federal public laws for taxable years beginning after
11December 31, 2017: section 13113 of P.L. 103-66; sections 1, 3, 4, and 5 of P.L.
12106-519; sections 101, 102, and 422 of P.L. 108-357; sections 1310 and 1351 of P.L.
13109-58; section 11146 of P.L. 109-59; section 403 (q) of P.L. 109-135; section 513 of
14P.L. 109-222; sections 104 and 307 of P.L. 109-432; sections 8233 and 8235 of P.L.
15110-28; section 11 (e) and (g) of P.L. 110-172; section 301 of P.L. 110-245; section
1615351 of P.L. 110-246; section 302 of division A, section 401 of division B, and sections
17312, 322, 502 (c), 707, and 801 of division C of P.L. 110-343; sections 1232, 1241, 1251,
181501, and 1502 of division B of P.L. 111-5; sections 211, 212, 213, 214, and 216 of P.L.
19111-226; sections 2011 and 2122 of P.L. 111-240; sections 753, 754, and 760 of P.L.
20111-312; section 1106 of P.L. 112-95; sections 104, 318, 322, 323, 324, 326, 327, and
21411 of P.L. 112-240; P.L. 114-7; section 1101 of P.L. 114-74; section 305 of division
22P of P.L. 114-113; sections 123, 125 to 128, 143, 144, 151 to 153, 165 to 167, 169 to
23171, 189, 191, 307, 326, and 411 of division Q of P.L. 114-113; and sections 11011,
2413201 (a) to (e) and (g), 13206, 13301, 13801, 14101, 14102, 14103, 14201, 14202,

114211, 14212, 14213, 14214, 14215, 14221, 14222, 14301, 14302, 14304, and 14401
2of P.L. 115-97.
AB910-ASA1,14,43 3. For purposes of this paragraph, “Internal Revenue Code" does not include
4amendments to the federal Internal Revenue Code enacted after December 31, 2017.
AB910-ASA1,14,75 4. For purposes of this paragraph, the provisions of federal public laws that
6directly or indirectly affect the Internal Revenue Code, as defined in this paragraph,
7apply for Wisconsin purposes at the same time as for federal purposes.
AB910-ASA1,31 8Section 31 . 71.26 (2) (b) 11. a. of the statutes, as created by 2017 Wisconsin
9Act 59
, is amended to read:
AB910-ASA1,14,1810 71.26 (2) (b) 11. a. For taxable years beginning after December 31, 2016, and
11before January 1, 2018,
for a corporation, conduit, or common law trust which
12qualifies as a regulated investment company, real estate mortgage investment
13conduit, real estate investment trust, or financial asset securitization investment
14trust under the Internal Revenue Code, “net income" means the federal regulated
15investment company taxable income, federal real estate mortgage investment
16conduit taxable income, federal real estate investment trust or financial asset
17securitization investment trust taxable income of the corporation, conduit, or trust
18as determined under the Internal Revenue Code.
AB910-ASA1,32 19Section 32. 71.26 (2) (b) 11. d. of the statutes, as created by 2017 Wisconsin
20Act 59
, is amended to read:
AB910-ASA1,14,2421 71.26 (2) (b) 11. d. For purposes of subd. 11. a., “Internal Revenue Code" does
22not include amendments to the federal Internal Revenue Code enacted after
23December 31, 2016, except that “Internal Revenue Code” includes sections 11024,
2411025, and 13543 of P.L. 115-97
.
AB910-ASA1,33 25Section 33 . 71.26 (2) (b) 12. of the statutes is created to read:
AB910-ASA1,15,8
171.26 (2) (b) 12. a. For taxable years beginning after December 31, 2017, for a
2corporation, conduit, or common law trust which qualifies as a regulated investment
3company, real estate mortgage investment conduit, real estate investment trust, or
4financial asset securitization investment trust under the Internal Revenue Code,
5“net income" means the federal regulated investment company taxable income,
6federal real estate mortgage investment conduit taxable income, federal real estate
7investment trust or financial asset securitization investment trust taxable income
8of the corporation, conduit, or trust as determined under the Internal Revenue Code.
AB910-ASA1,15,119 b. For purposes of subd. 12. a., “Internal Revenue Code" means the federal
10Internal Revenue Code as amended to December 31, 2017, except as provided in
11subd. 12. c. and d. and s. 71.98 and subject to subd. 12. e.
AB910-ASA1,16,412 c. For purposes of subd. 12. a., “Internal Revenue Code" does not include the
13following provisions of federal public laws for taxable years beginning after
14December 31, 2017: section 13113 of P.L. 103-66; sections 1, 3, 4, and 5 of P.L.
15106-519; sections 101, 102, and 422 of P.L. 108-357; sections 1310 and 1351 of P.L.
16109-58; section 11146 of P.L. 109-59; section 403 (q) of P.L. 109-135; section 513 of
17P.L. 109-222; sections 104 and 307 of P.L. 109-432; sections 8233 and 8235 of P.L.
18110-28; section 11 (e) and (g) of P.L. 110-172; section 301 of P.L. 110-245; section
1915351 of P.L. 110-246; section 302 of division A, section 401 of division B, and sections
20312, 322, 502 (c), 707, and 801 of division C of P.L. 110-343; sections 1232, 1241, 1251,
211501, and 1502 of division B of P.L. 111-5; sections 211, 212, 213, 214, and 216 of P.L.
22111-226; sections 2011 and 2122 of P.L. 111-240; sections 753, 754, and 760 of P.L.
23111-312; section 1106 of P.L. 112-95; sections 104, 318, 322, 323, 324, 326, 327, and
24411 of P.L. 112-240; P.L. 114-7; section 1101 of P.L. 114-74; section 305 of division
25P of P.L. 114-113; sections 123, 125 to 128, 143, 144, 151 to 153, 165 to 167, 169 to

1171, 189, 191, 307, 326, and 411 of division Q of P.L. 114-113; and sections 11011,
213201 (a) to (e) and (g), 13206, 13301, 13801, 14101, 14102, 14103, 14201, 14202,
314211, 14212, 14213, 14214, 14215, 14221, 14222, 14301, 14302, 14304, and 14401
4of P.L. 115-97.
AB910-ASA1,16,65 d. For purposes of subd. 12. a., “Internal Revenue Code" does not include
6amendments to the federal Internal Revenue Code enacted after December 31, 2017.
AB910-ASA1,16,97 e. For purposes of subd. 12. a., the provisions of federal public laws that directly
8or indirectly affect the Internal Revenue Code, as defined in this subdivision, apply
9for Wisconsin purposes at the same time as for federal purposes.
AB910-ASA1,34 10Section 34. 71.26 (3) (j) of the statutes is amended to read:
AB910-ASA1,16,1811 71.26 (3) (j) Sections 243, 244, 245, 245A, 246 and 246A are excluded and
12replaced by the rule that corporations may deduct from income dividends received
13from a corporation with respect to its common stock if the corporation receiving the
14dividends owns, directly or indirectly, during the entire taxable year at least 70
15percent of the total combined voting stock of the payor corporation. In this
16paragraph, “dividends received" means gross dividends minus taxes on those
17dividends paid to a foreign nation and claimed as a deduction under this chapter. The
18same dividends may not be deducted more than once.
AB910-ASA1,35 19Section 35 . 71.34 (1g) (k) 1. of the statutes, as created by 2017 Wisconsin Act
2059
, is amended to read:
AB910-ASA1,16,2421 71.34 (1g) (k) 1. For taxable years beginning after December 31, 2016, and
22before January 1, 2018,
for tax option corporations, “Internal Revenue Code" means
23the federal Internal Revenue Code as amended to December 31, 2016, except as
24provided in subds. 2., 3., and 5. and s. 71.98 and subject to subd. 4.
AB910-ASA1,36
1Section 36. 71.34 (1g) (k) 3. of the statutes, as created by 2017 Wisconsin Act
259
, is amended to read:
AB910-ASA1,17,63 71.34 (1g) (k) 3. For purposes of this paragraph, “Internal Revenue Code" does
4not include amendments to the federal Internal Revenue Code enacted after
5December 31, 2016, except that “Internal Revenue Code” includes sections 11024,
611025, and 13543 of P.L. 115-97
.
AB910-ASA1,37 7Section 37 . 71.34 (1g) (L) of the statutes is created to read:
AB910-ASA1,17,118 71.34 (1g) (L) 1. For taxable years beginning after December 31, 2017, for tax
9option corporations, “Internal Revenue Code" means the federal Internal Revenue
10Code as amended to December 31, 2017, except as provided in subds. 2., 3., and 5. and
11s. 71.98 and subject to subd. 4.
AB910-ASA1,18,412 2. For purposes of this paragraph, “Internal Revenue Code" does not include
13the following provisions of federal public laws for taxable years beginning after
14December 31, 2017: section 13113 of P.L. 103-66; sections 1, 3, 4, and 5 of P.L.
15106-519; sections 101, 102, and 422 of P.L. 108-357; sections 1310 and 1351 of P.L.
16109-58; section 11146 of P.L. 109-59; section 403 (q) of P.L. 109-135; section 513 of
17P.L. 109-222; sections 104 and 307 of P.L. 109-432; sections 8233 and 8235 of P.L.
18110-28; section 11 (e) and (g) of P.L. 110-172; section 301 of P.L. 110-245; section
1915351 of P.L. 110-246; section 302 of division A, section 401 of division B, and sections
20312, 322, 502 (c), 707, and 801 of division C of P.L. 110-343; sections 1232, 1241, 1251,
211501, and 1502 of division B of P.L. 111-5; sections 211, 212, 213, 214, and 216 of P.L.
22111-226; sections 2011 and 2122 of P.L. 111-240; sections 753, 754, and 760 of P.L.
23111-312; section 1106 of P.L. 112-95; sections 104, 318, 322, 323, 324, 326, 327, and
24411 of P.L. 112-240; P.L. 114-7; section 1101 of P.L. 114-74; section 305 of division
25P of P.L. 114-113; sections 123, 125 to 128, 143, 144, 151 to 153, 165 to 167, 169 to

1171, 189, 191, 307, 326, and 411 of division Q of P.L. 114-113; and sections 11011,
213201 (a) to (e) and (g), 13206, 13301, 13801, 14101, 14102, 14103, 14201, 14202,
314211, 14212, 14213, 14214, 14215, 14221, 14222, 14301, 14302, 14304, and 14401
4of P.L. 115-97.
AB910-ASA1,18,65 3. For purposes of this paragraph, “Internal Revenue Code" does not include
6amendments to the federal Internal Revenue Code enacted after December 31, 2017.
AB910-ASA1,18,97 4. For purposes of this paragraph, the provisions of federal public laws that
8directly or indirectly affect the Internal Revenue Code, as defined in this paragraph,
9apply for Wisconsin purposes at the same time as for federal purposes
AB910-ASA1,18,13105. For purposes of this paragraph, section 1366 (f) of the Internal Revenue Code
11(relating to pass-through of items to shareholders) is modified by substituting the
12tax under s. 71.35 for the taxes under sections 1374 and 1375 of the Internal Revenue
13Code.
AB910-ASA1,38 14Section 38 . 71.42 (2) (k) 1. of the statutes, as created by 2017 Wisconsin Act
1559
, is amended to read:
AB910-ASA1,18,1916 71.42 (2) (k) 1. For taxable years beginning after December 31, 2016, and before
17January 1, 2018,
“Internal Revenue Code" means the federal Internal Revenue Code
18as amended to December 31, 2016, except as provided in subds. 2. to 4. and s. 71.98
19and subject to subd. 5.
AB910-ASA1,39 20Section 39. 71.42 (2) (k) 3. of the statutes, as created by 2017 Wisconsin Act
2159
, is amended to read:
AB910-ASA1,18,2522 71.42 (2) (k) 3. For purposes of this paragraph, “Internal Revenue Code" does
23not include amendments to the federal Internal Revenue Code enacted after
24December 31, 2016, except that “Internal Revenue Code” includes sections 11024,
2511025, and 13543 of P.L. 115-97
.
AB910-ASA1,40
1Section 40. 71.42 (2) (L) of the statutes is created to read:
AB910-ASA1,19,42 71.42 (2) (L) 1. For taxable years beginning after December 31, 2017, “Internal
3Revenue Code" means the federal Internal Revenue Code as amended to December
431, 2017, except as provided in subds. 2. to 4. and s. 71.98 and subject to subd. 5.
AB910-ASA1,19,225 2. For purposes of this paragraph, “Internal Revenue Code" does not include
6the following provisions of federal public laws for taxable years beginning after
7December 31, 2017: section 13113 of P.L. 103-66; sections 1, 3, 4, and 5 of P.L.
8106-519; sections 101, 102, and 422 of P.L. 108-357; sections 1310 and 1351 of P.L.
9109-58; section 11146 of P.L. 109-59; section 403 (q) of P.L. 109-135; section 513 of
10P.L. 109-222; sections 104 and 307 of P.L. 109-432; sections 8233 and 8235 of P.L.
11110-28; section 11 (e) and (g) of P.L. 110-172; section 301 of P.L. 110-245; section
1215351 of P.L. 110-246; section 302 of division A, section 401 of division B, and sections
13312, 322, 502 (c), 707, and 801 of division C of P.L. 110-343; sections 1232, 1241, 1251,
141501, and 1502 of division B of P.L. 111-5; sections 211, 212, 213, 214, and 216 of P.L.
15111-226; sections 2011 and 2122 of P.L. 111-240; sections 753, 754, and 760 of P.L.
16111-312; section 1106 of P.L. 112-95; sections 104, 318, 322, 323, 324, 326, 327, and
17411 of P.L. 112-240; P.L. 114-7; section 1101 of P.L. 114-74; section 305 of division
18P of P.L. 114-113; sections 123, 125 to 128, 143, 144, 151 to 153, 165 to 167, 169 to
19171, 189, 191, 307, 326, and 411 of division Q of P.L. 114-113; and sections 11011,
2013201 (a) to (e) and (g), 13206, 13301, 13801, 14101, 14102, 14103, 14201, 14202,
2114211, 14212, 14213, 14214, 14215, 14221, 14222, 14301, 14302, 14304, and 14401
22of P.L. 115-97.
AB910-ASA1,19,2423 3. For purposes of this paragraph, “Internal Revenue Code" does not include
24amendments to the federal Internal Revenue Code enacted after December 31, 2017.
AB910-ASA1,20,2
14. For purposes of this paragraph, “Internal Revenue Code" does not include
2section 847 of the federal Internal Revenue Code.
AB910-ASA1,20,53 5. For purposes of this paragraph, the provisions of federal public laws that
4directly or indirectly affect the Internal Revenue Code, as defined in this paragraph,
5apply for Wisconsin purposes at the same time as for federal purposes.
AB910-ASA1,41 6Section 41 . 71.64 (9) (b) (intro.) of the statutes is amended to read:
AB910-ASA1,20,107 71.64 (9) (b) (intro.) The department shall from time to time adjust the
8withholding tables to reflect any changes in income tax rates, any applicable surtax
9or any changes in dollar amounts in s. 71.06 (1), (1m), (1n), (1p), (1q), (1r), and (2)
10resulting from statutory changes, except as follows:
AB910-ASA1,42 11Section 42 . 71.67 (5) (a) of the statutes is amended to read:
AB910-ASA1,20,1712 71.67 (5) (a) Wager winnings. A person holding a license to sponsor and
13manage races under s. 562.05 (1) (b) or (c) shall withhold from the amount of any
14payment of pari-mutuel winnings under s. 562.065 (3) (a) or (3m) (a) an amount
15determined by multiplying the amount of the payment by the highest rate applicable
16to individuals under s. 71.06 (1) (a) to (c), (1m), (1n), (1p), or (1q), or (1r) if the amount
17of the payment is more than $1,000.
AB910-ASA1,43 18Section 43 . 71.67 (5m) of the statutes is amended to read:
AB910-ASA1,20,2519 71.67 (5m) Withholding from payments to purchase assignment of lottery
20prize.
A person that purchases an assignment of a lottery prize shall withhold from
21the amount of any payment made to purchase the assignment the amount that is
22determined by multiplying the amount of the payment by the highest rate applicable
23to individuals under s. 71.06 (1) (a) to (c), (1m), (1n), (1p), or (1q), or (1r). Subsection
24(5) (b), (c) and (d), as it applies to the amounts withheld under sub. (5) (a), applies
25to the amount withheld under this subsection.
AB910-ASA1,44
1Section 44. 71.98 (3) of the statutes is amended to read:
AB910-ASA1,21,102 71.98 (3) Depreciation, depletion, and amortization. For taxable years
3beginning after December 31, 2013, and for purposes of computing depreciation and
4amortization, the Internal Revenue Code means the federal Internal Revenue Code
5in effect for federal purposes on January 1, 2014 , except that sections 13201 (f),
613203, 13204, and 13205 of P.L. 115-97 apply at the same time as for federal
7purposes
. For taxable years beginning after December 31, 2013, and for purposes of
8computing depletion, the Internal Revenue code Code means the federal Internal
9Revenue code Code in effect for federal purposes for the year in which the property
10is placed in service.
AB910-ASA1,45 11Section 45. 71.98 (9) of the statutes is created to read:
AB910-ASA1,21,2012 71.98 (9) Rollover amounts, airline carrier bankruptcy. For taxable years
13beginning after December 31, 2011, section 1106 of P.L. 112-95, as amended by P.L.
14113-243 and section 307 of Division Q of P.L. 114-113, as it relates to the treatment
15of distributions to qualified airline employees that are rolled over into an individual
16retirement account, due to airline carrier bankruptcy. This provision does not apply
17to federal provisions relating to extensions of time to file amended federal returns.
18A qualified airline employee may file a claim for a refund to exclude income provided
19under this subsection pursuant to the time period specified in s. 71.75 (2) or no later
20than 180 days after the effective date of this subsection .... [LRB inserts date].
AB910-ASA1,46 21Section 46 . 77.54 (9a) (fc) of the statutes is created to read:
AB910-ASA1,22,222 77.54 (9a) (fc) An entity described under section 501 (c) (2) of the Internal
23Revenue Code that is exempt from federal income tax under section 501 (a) of the
24Internal Revenue Code and that is organized for the exclusive purpose of holding title

1to property, collecting income from that property, and turning over the entire amount
2of that income, less expenses, to an entity described under par. (f).
AB910-ASA1,47 3Section 47 . 77.54 (9m) of the statutes is amended to read:
AB910-ASA1,22,134 77.54 (9m) The sales price from the sale of and the storage, use, or other
5consumption of tangible personal property, or items or property under s. 77.52 (1) (b)
6or (c), sold to a construction contractor who that, in fulfillment of a real property
7construction activity, transfers the tangible personal property, or items or property
8under s. 77.52 (1) (b) or (c), to an entity described under sub. (9a) (b), (c), (d), (em),
9or (f), or (fc), if such tangible personal property, or items or property, becomes a
10component of a facility in this state that is owned by the entity. In this subsection,
11“facility" means any building, shelter, parking lot, parking garage, athletic field,
12athletic park, storm sewer, water supply system, or sewerage and waste water
13treatment facility, but does not include a highway, street, or road.
AB910-ASA1,48 14Section 48 . 224.50 (2) (a) of the statutes, as affected by 2017 Wisconsin Act 59,
15is amended to read:
AB910-ASA1,22,2416 224.50 (2) (a) Except as provided in s. 224.51, establish and administer a
17college savings program that allows an individual, trust, legal guardian, or entity
18described under 26 USC 529 (e) (1) (C) to establish a college savings account to cover
19tuition, fees, and the costs of room and board, books, supplies, and equipment
20required for the enrollment or attendance of a beneficiary at an eligible educational
21institution, as defined under 26 USC 529, and to cover tuition expenses in connection
22with enrollment or attendance at an elementary or secondary public, private, or
23religious school, as described in section 11032 of P.L. 115-97, related to qualified
24tuition programs under 26 USC 529
.
AB910-ASA1,49 25Section 49. Initial applicability.
AB910-ASA1,23,3
1(1) Depreciation, depletion, and amortization. The treatment of section 71.98
2(3) of the statutes first applies retroactively to taxable years beginning after
3December 31, 2013.
AB910-ASA1,23,54 (2) Building materials exemption. The treatment of section 77.54 (9m) of the
5statutes first applies retroactively to contracts entered into on September 1, 2017.
AB910-ASA1,50 6Section 50 . Effective dates. This act takes effect on the day after publication,
7except as follows:
AB910-ASA1,23,108 (1) Sales and use tax exemption for title holding entities. The treatment of
9section 77.54 (9a) (fc) and (9m) of the statutes takes effect retroactively to September
101, 2017.
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