AB100-ASA1,1022,1217 71.34 (1g) (f) "Internal revenue code" for tax-option corporations, for taxable
18years that begin after December 31, 1990, and before January 1, 1992, means the
19federal internal revenue code as amended to December 31, 1990, and as amended by
20P.L. 102-227, P.L. 102-486 and, P.L. 103-66 and P.L. 104-188, excluding section
211311 of P.L. 104-188,
and as indirectly affected in the provisions applicable to this
22subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647 excluding sections 803 (d) (2)
23(B), 805 (d) (2), 812 (c) (2), 821 (b) (2) and 823 (c) (2) of P.L. 99-514 and section 1008
24(g) (5) of P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L.
25101-508, P.L. 102-227, P.L. 102-486 and, P.L. 103-66 and P.L. 104-188, excluding

1section 1311 of P.L. 104-188
, except that section 1366 (f) (relating to pass-through
2of items to shareholders) is modified by substituting the tax under s. 71.35 for the
3taxes under sections 1374 and 1375. The internal revenue code applies for Wisconsin
4purposes at the same time as for federal purposes. Amendments to the federal
5internal revenue code enacted after December 31, 1990, do not apply to this
6paragraph with respect to taxable years beginning after December 31, 1990, and
7before January 1, 1992, except that changes to the internal revenue code made by
8P.L. 102-227, P.L. 102-486 and, P.L. 103-66 and P.L. 104-188, excluding section
91311 of P.L. 104-188,
and changes that indirectly affect provisions applicable to this
10subchapter made by P.L. 102-227, P.L. 102-486 and, P.L. 103-66 and P.L. 104-188,
11excluding section 1311 of P.L. 104-188,
apply for Wisconsin purposes at the same
12time as for federal purposes.
AB100-ASA1, s. 2280e 13Section 2280e. 71.34 (1g) (g) of the statutes is amended to read:
AB100-ASA1,1023,1214 71.34 (1g) (g) "Internal revenue code" for tax-option corporations, for taxable
15years that begin after December 31, 1991, and before January 1, 1993, means the
16federal internal revenue code as amended to December 31, 1991, excluding sections
17103, 104 and 110 of P.L. 102-227, and as amended by P.L. 102-318, P.L. 102-486 and,
18P.L. 103-66, excluding sections 13101 (a) and (c) 1, 13171 and 13174 of P.L. 103-66,
19and P.L. 104-188, excluding section 1311 of P.L. 104-188, and as indirectly affected
20in the provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203, P.L.
21100-647 excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2) and 823
22(c) (2) of P.L. 99-514 and section 1008 (g) (5) of P.L. 100-647, P.L. 101-73, P.L.
23101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections
24103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486 and, P.L. 103-66,
25excluding sections 13101 (a) and (c) 1, 13171 and 13174 of P.L. 103-66, and P.L.

1104-188, excluding section 1311 of P.L. 104-188,
except that section 1366 (f) (relating
2to pass-through of items to shareholders) is modified by substituting the tax under
3s. 71.35 for the taxes under sections 1374 and 1375. The internal revenue code
4applies for Wisconsin purposes at the same time as for federal purposes.
5Amendments to the federal internal revenue code enacted after December 31, 1991,
6do not apply to this paragraph with respect to taxable years beginning after
7December 31, 1991, and before January 1, 1993, except that changes to the internal
8revenue code made by P.L. 102-318, P.L. 102-486 and, P.L. 103-66 and P.L. 104-188,
9excluding section 1311 of P.L. 104-188,
and changes that indirectly affect the
10provisions applicable to this subchapter made by P.L. 102-318, P.L. 102-486 and,
11P.L. 103-66 and P.L. 104-188, excluding section 1311 of P.L. 104-188, apply for
12Wisconsin purposes at the same time as for federal purposes.
AB100-ASA1, s. 2280f 13Section 2280f. 71.34 (1g) (h) of the statutes is amended to read:
AB100-ASA1,1024,1214 71.34 (1g) (h) "Internal revenue code" for tax-option corporations, for taxable
15years that begin after December 31, 1992, and before January 1, 1994, means the
16federal internal revenue code as amended to December 31, 1992, excluding sections
17103, 104 and 110 of P.L. 102-227, and as amended by P.L. 103-66, excluding sections
1813101 (a) and (c) 1, 13113, 13150, 13171, 13174 and 13203 of P.L. 103-66, and P.L.
19103-465 and P.L. 104-188, excluding section 1311 of P.L. 104-188, and as indirectly
20affected in the provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203,
21P.L. 100-647 excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2) and
22823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of P.L. 100-647, P.L. 101-73, P.L.
23101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections
24103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding
25sections 13101 (a) and (c) 1, 13113, 13150, 13171, 13174 and 13203 of P.L. 103-66,

1and P.L. 103-465 and P.L. 104-188, excluding section 1311 of P.L. 104-188, except
2that section 1366 (f) (relating to pass-through of items to shareholders) is modified
3by substituting the tax under s. 71.35 for the taxes under sections 1374 and 1375.
4The internal revenue code applies for Wisconsin purposes at the same time as for
5federal purposes. Amendments to the federal internal revenue code enacted after
6December 31, 1992, do not apply to this paragraph with respect to taxable years
7beginning after December 31, 1992, and before January 1, 1994, except that changes
8to the internal revenue code made by P.L. 103-66 and, P.L. 103-465 and P.L.
9104-188, excluding section 1311 of P.L. 104-188,
and changes that indirectly affect
10the provisions applicable to this subchapter made by P.L. 103-66 and, P.L. 103-465
11and P.L. 104-188, excluding section 1311 of P.L. 104-188, apply for Wisconsin
12purposes at the same time as for federal purposes.
AB100-ASA1, s. 2280g 13Section 2280g. 71.34 (1g) (i) of the statutes is amended to read:
AB100-ASA1,1025,1714 71.34 (1g) (i) "Internal revenue code" for tax-option corporations, for taxable
15years that begin after December 31, 1993, and before January 1, 1995, means the
16federal internal revenue code as amended to December 31, 1993, excluding sections
17103, 104 and 110 of P.L. 102-227 and sections 13113, 13150 (d), 13171 (d), 13174,
1813203 (d) and 13215 of P.L. 103-66, and as amended by P.L. 103-296, P.L. 103-337,
19P.L. 103-465 and, P.L. 104-7, excluding section 1 of P.L. 104-7, P.L. 104-188,
20excluding section 1311 of P.L. 104-188, P.L. 104-191 and P.L. 104-193
and as
21indirectly affected in the provisions applicable to this subchapter by P.L. 99-514, P.L.
22100-203, P.L. 100-647 excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821
23(b) (2) and 823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of P.L. 100-647, P.L.
24101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227,
25excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L.

1103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d) and 13215
2of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465 and, P.L. 104-7, excluding
3section 1 of P.L. 104-7, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L.
4104-191 and P.L. 104-193
except that section 1366 (f) (relating to pass-through of
5items to shareholders) is modified by substituting the tax under s. 71.35 for the taxes
6under sections 1374 and 1375. The internal revenue code applies for Wisconsin
7purposes at the same time as for federal purposes. Amendments to the federal
8internal revenue code enacted after December 31, 1993, do not apply to this
9paragraph with respect to taxable years beginning after December 31, 1993, and
10before January 1, 1995, except that changes to the internal revenue code made by
11P.L. 103-296, P.L. 103-337, P.L. 103-465 and, P.L. 104-7, excluding section 1 of P.L.
12104-7, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L. 104-191 and P.L.
13104-193
and changes that indirectly affect the provisions applicable to this
14subchapter made by P.L. 103-296, P.L. 103-337, P.L. 103-465 and, P.L. 104-7,
15excluding section 1 of P.L. 104-7, P.L. 104-188, excluding section 1311 of P.L.
16104-188, P.L. 104-191 and P.L. 104-193
apply for Wisconsin purposes at the same
17time as for federal purposes.
AB100-ASA1, s. 2280h 18Section 2280h. 71.34 (1g) (j) of the statutes is amended to read:
AB100-ASA1,1026,1919 71.34 (1g) (j) "Internal revenue code" for tax-option corporations, for taxable
20years that begin after December 31, 1994, and before January 1, 1996, means the
21federal internal revenue code as amended to December 31, 1994, excluding sections
22103, 104 and 110 of P.L. 102-227 and sections 13113, 13150 (d), 13171 (d), 13174 and
2313203 (d) of P.L. 103-66, and as amended by P.L. 104-7, P.L. 104-188, excluding
24sections 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and P.L. 104-193

25and as indirectly affected in the provisions applicable to this subchapter by P.L.

199-514, P.L. 100-203, P.L. 100-647 excluding sections 803 (d) (2) (B), 805 (d) (2), 812
2(c) (2), 821 (b) (2) and 823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of P.L. 100-647,
3P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227,
4excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L.
5103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
6103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465 and, P.L. 104-7, P.L. 104-188,
7excluding sections 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and P.L.
8104-193
except that section 1366 (f) (relating to pass-through of items to
9shareholders) is modified by substituting the tax under s. 71.35 for the taxes under
10sections 1374 and 1375. The internal revenue code applies for Wisconsin purposes
11at the same time as for federal purposes. Amendments to the federal internal
12revenue code enacted after December 31, 1994, do not apply to this paragraph with
13respect to taxable years beginning after December 31, 1994, and before
14January 1, 1996, except changes to the internal revenue code made by P.L. 104-7,
15P.L. 104-188, excluding sections 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L.
16104-191 and P.L. 104-193
and changes that indirectly affect the provisions
17applicable to this subchapter made by P.L. 104-7, P.L. 104-188, excluding sections
181202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and P.L. 104-193
apply for
19Wisconsin purposes at the same time as for federal purposes.
AB100-ASA1, s. 2280i 20Section 2280i. 71.34 (1g) (k) of the statutes is amended to read:
AB100-ASA1,1027,2121 71.34 (1g) (k) "Internal revenue code" for tax-option corporations, for taxable
22years that begin after December 31, 1995, and before January 1, 1997, means the
23federal internal revenue code as amended to December 31, 1995, excluding sections
24103, 104 and 110 of P.L. 102-227 and sections 13113, 13150 (d), 13171 (d), 13174 and
2513203 (d) of P.L. 103-66, and as amended by P.L. 104-188, excluding sections 1123,

11202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and P.L. 104-193,
and as
2indirectly affected in the provisions applicable to this subchapter by P.L. 99-514, P.L.
3100-203, P.L. 100-647 excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821
4(b) (2) and 823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of P.L. 100-647, P.L.
5101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227,
6excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L.
7103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
8103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465 and, P.L. 104-7, P.L. 104-188,
9excluding sections 1123, 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and
10P.L. 104-193
, except that section 1366 (f) (relating to pass-through of items to
11shareholders) is modified by substituting the tax under s. 71.35 for the taxes under
12sections 1374 and 1375. The internal revenue code applies for Wisconsin purposes
13at the same time as for federal purposes. Amendments to the federal internal
14revenue code enacted after December 31, 1995, do not apply to this paragraph with
15respect to taxable years beginning after December 31, 1995, and before January 1,
161997, except that changes to the Internal Revenue Code made by P.L. 104-188,
17excluding sections 1123, 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and
18P.L. 104-193, and changes that indirectly affect the provisions applicable to this
19subchapter made by P.L. 104-188, excluding sections 1123, 1202, 1204, 1311 and
201605 of P.L. 104-188, P.L. 104-191 and P.L. 104-193 apply for Wisconsin purposes
21at the same time as for federal purposes
.
AB100-ASA1, s. 2280j 22Section 2280j. 71.34 (1g) (L) of the statutes is created to read:
AB100-ASA1,1028,1623 71.34 (1g) (L) "Internal Revenue Code" for tax-option corporations, for taxable
24years that begin after December 31, 1996, means the federal Internal Revenue Code
25as amended to December 31, 1996, excluding sections 103, 104 and 110 of P.L.

1102-227, sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L. 103-66 and
2sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L. 104-188, and as
3indirectly affected in the provisions applicable to this subchapter by P.L. 99-514, P.L.
4100-203, P.L. 100-647 excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821
5(b) (2) and 823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of P.L. 100-647, P.L.
6101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227,
7excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L.
8103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
9103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188,
10excluding sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L. 104-188, P.L.
11104-191 and P.L. 104-193, except that section 1366 (f) (relating to pass-through of
12items to shareholders) is modified by substituting the tax under s. 71.35 for the taxes
13under sections 1374 and 1375. The Internal Revenue Code applies for Wisconsin
14purposes at the same time as for federal purposes. Amendments to the federal
15Internal Revenue Code enacted after December 31, 1996, do not apply to this
16paragraph with respect to taxable years beginning after December 31, 1996.
AB100-ASA1, s. 2280L 17Section 2280L. 71.365 (1m) of the statutes is amended to read:
AB100-ASA1,1029,1818 71.365 (1m) Tax-option corporations; depreciation. A tax-option corporation
19may compute amortization and depreciation under either the federal internal
20revenue code as amended to December 31, 1995 1996, or the federal internal revenue
21code in effect for the taxable year for which the return is filed, except that property
22first placed in service by the taxpayer on or after January 1, 1983, but before
23January 1, 1987, that, under s. 71.04 (15) (b) and (br), 1985 stats., is required to be
24depreciated under the internal revenue code as amended to December 31, 1980, and
25property first placed in service in taxable year 1981 or thereafter but before

1January 1, 1987, that, under s. 71.04 (15) (bm), 1985 stats., is required to be
2depreciated under the internal revenue code as amended to December 31, 1980,
3shall continue to be depreciated under the internal revenue code as amended to
4December 31, 1980. Any difference between the adjusted basis for federal income
5tax purposes and the adjusted basis under this chapter shall be taken into account
6in determining net income or loss in the year or years for which the gain or loss is
7reportable under this chapter. If that property was placed in service by the taxpayer
8during taxable year 1986 and thereafter but before the property is used in the
9production of income subject to taxation under this chapter, the property's adjusted
10basis and the depreciation or other deduction schedule are not required to be changed
11from the amount allowable on the owner's federal income tax returns for any year
12because the property is used in the production of income subject to taxation under
13this chapter. If that property was acquired in a transaction in taxable year 1986 or
14thereafter in which the adjusted basis of the property in the hands of the transferee
15is the same as the adjusted basis of the property in the hands of the transferor, the
16Wisconsin adjusted basis of that property on the date of transfer is the adjusted basis
17allowable under the internal revenue code as defined for Wisconsin purposes for the
18property in the hands of the transferor.
AB100-ASA1, s. 2280m 19Section 2280m. 71.365 (3) (a) of the statutes is renumbered 71.365 (3).
AB100-ASA1, s. 2280n 20Section 2280n. 71.365 (3) (b) of the statutes is repealed.
AB100-ASA1, s. 2280nm 21Section 2280nm. 71.365 (4) (a) of the statutes is amended to read:
AB100-ASA1,1030,222 71.365 (4) (a) If persons who hold more than 50% of the shares on the day on
23which this election is made consent, a corporation that is an S corporation for federal
24income tax purposes and that does not have a qualified subchapter S subsidiary may
25elect, on or before the due date or extended due date of its return under this chapter,

1not to be a tax-option corporation for that taxable year and for later taxable years
2until its status is again changed.
AB100-ASA1, s. 2280p 3Section 2280p. 71.365 (7) of the statutes is created to read:
AB100-ASA1,1030,94 71.365 (7) Qualified subchapter S subsidiaries. If a tax-option corporation
5elects to treat a subsidiary as a qualified subchapter S subsidiary for federal
6purposes, that election also applies for this chapter. If this state has jurisdiction to
7impose the taxes under this chapter on the qualified subchapter S subsidiary, this
8state has the jurisdiction to impose the taxes under this chapter on the tax-option
9corporation.
AB100-ASA1, s. 1776 10Section 1776. 71.42 (1m) of the statutes is created to read:
AB100-ASA1,1030,1111 71.42 (1m) "Department" means the department of revenue.
AB100-ASA1, s. 2281b 12Section 2281b. 71.42 (2) (c) of the statutes is repealed.
AB100-ASA1, s. 2281c 13Section 2281c. 71.42 (2) (d) of the statutes is amended to read:
AB100-ASA1,1031,514 71.42 (2) (d) For taxable years that begin after December 31, 1989, and before
15January 1, 1991, "internal revenue code" means the federal internal revenue code as
16amended to December 31, 1989, and as amended by P.L. 101-508, P.L. 102-227 and,
17P.L. 103-66 and P.L. 104-188, excluding section 1311 of P.L. 104-188, and as
18indirectly affected by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L.
19101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227 and, P.L. 103-66
20and P.L. 104-188, excluding section 1311 of P.L. 104-188, except that "internal
21revenue code" does not include section 847 of the federal internal revenue code. The
22internal revenue code applies for Wisconsin purposes at the same time as for federal
23purposes. Amendments to the federal internal revenue code enacted after December
2431, 1989, do not apply to this paragraph with respect to taxable years beginning after
25December 31, 1989, and before January 1, 1991, except that changes to the internal

1revenue code made by P.L. 101-508, P.L. 102-227 and, P.L. 103-66 and P.L. 104-188,
2excluding section 1311 of P.L. 104-188,
and changes that indirectly affect the federal
3internal revenue code made by P.L. 101-508, P.L. 102-227 and, P.L. 103-66 and P.L.
4104-188, excluding section 1311 of P.L. 104-188,
apply for Wisconsin purposes at the
5same time as for federal purposes.
AB100-ASA1, s. 2281d 6Section 2281d. 71.42 (2) (e) of the statutes is amended to read:
AB100-ASA1,1031,237 71.42 (2) (e) For taxable years that begin after December 31, 1990, and before
8January 1, 1992, "internal revenue code" means the federal internal revenue code as
9amended to December 31, 1990, and as amended by P.L. 102-227, P.L. 102-486 and,
10P.L. 103-66 and P.L. 104-188, excluding section 1311 of P.L. 104-188, and as
11indirectly affected by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L.
12101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, P.L. 102-486 and,
13P.L. 103-66 and P.L. 104-188, excluding section 1311 of P.L. 104-188, except that
14"internal revenue code" does not include section 847 of the federal internal revenue
15code. The internal revenue code applies for Wisconsin purposes at the same time as
16for federal purposes. Amendments to the federal internal revenue code enacted after
17December 31, 1990, do not apply to this paragraph with respect to taxable years
18beginning after December 31, 1990, and before January 1, 1992, except that changes
19to the internal revenue code made by P.L. 102-227, P.L. 102-486 and, P.L. 103-66
20and P.L. 104-188, excluding section 1311 of P.L. 104-188, and changes that indirectly
21affect the federal internal revenue code made by P.L. 102-227, P.L. 102-486 and, P.L.
22103-66 and P.L. 104-188, excluding section 1311 of P.L. 104-188, apply for Wisconsin
23purposes at the same time as for federal purposes.
AB100-ASA1, s. 2281e 24Section 2281e. 71.42 (2) (f) of the statutes is amended to read:
AB100-ASA1,1032,20
171.42 (2) (f) For taxable years that begin after December 31, 1991, and before
2January 1, 1993, "internal revenue code" means the federal internal revenue code as
3amended to December 31, 1991, excluding sections 103, 104 and 110 of P.L. 102-227,
4and as amended by P.L. 102-318, P.L. 102-486 and, P.L. 103-66, excluding sections
513101 (a) and (c) 1, 13171 and 13174 of P.L. 103-66, and P.L. 104-188, excluding
6section 1311 of P.L. 104-188
, and as indirectly affected by P.L. 99-514, P.L. 100-203,
7P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508,
8P.L. 102-227, excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L.
9102-486 and, P.L. 103-66, excluding sections 13101 (a) and (c) 1, 13171 and 13174
10of P.L. 103-66, and P.L. 104-188, excluding section 1311 of P.L. 104-188, except that
11"internal revenue code" does not include section 847 of the federal internal revenue
12code. The internal revenue code applies for Wisconsin purposes at the same time as
13for federal purposes. Amendments to the federal internal revenue code enacted after
14December 31, 1991, do not apply to this paragraph with respect to taxable years
15beginning after December 31, 1991, and before January 1, 1993, except that changes
16to the internal revenue code made by P.L. 102-318, P.L. 102-486 and, P.L. 103-66
17and P.L. 104-188, excluding section 1311 of P.L. 104-188, and changes that indirectly
18affect the federal internal revenue code made by P.L. 102-318, P.L. 102-486 and, P.L.
19103-66 and P.L. 104-188, excluding section 1311 of P.L. 104-188, apply for Wisconsin
20purposes at the same time as for federal purposes.
AB100-ASA1, s. 2281f 21Section 2281f. 71.42 (2) (g) of the statutes is amended to read:
AB100-ASA1,1033,1722 71.42 (2) (g) For taxable years that begin after December 31, 1992, and before
23January 1, 1994, "internal revenue code" means the federal internal revenue code as
24amended to December 31, 1992, excluding sections 103, 104 and 110 of P.L. 102-227,
25and as amended by P.L. 103-66, excluding sections 13101 (a) and (c) 1, 13113, 13150,

113171, 13174 and 13203 of P.L. 103-66, and P.L. 103-465 and P.L. 104-188,
2excluding section 1311 of P.L. 104-188,
and as indirectly affected by P.L. 99-514, P.L.
3100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L.
4101-508, P.L. 102-227, excluding sections 103, 104 and 110 of P.L. 102-227, P.L.
5102-318, P.L. 102-486, P.L. 103-66, excluding sections 13101 (a) and (c) 1, 13113,
613150, 13171, 13174 and 13203 of P.L. 103-66, and P.L. 103-465 and P.L. 104-188,
7excluding section 1311 of P.L. 104-188,
except that "internal revenue code" does not
8include section 847 of the federal internal revenue code. The internal revenue code
9applies for Wisconsin purposes at the same time as for federal purposes.
10Amendments to the federal internal revenue code enacted after December 31, 1992,
11do not apply to this paragraph with respect to taxable years beginning after
12December 31, 1992, and before January 1, 1994, except that changes to the internal
13revenue code made by P.L. 103-66 and, P.L. 103-465 and P.L. 104-188, excluding
14section 1311 of P.L. 104-188,
and changes that indirectly affect the federal internal
15revenue code made by P.L. 103-66 and, P.L. 103-465 and P.L. 104-188, excluding
16section 1311 of P.L. 104-188,
apply for Wisconsin purposes at the same time as for
17federal purposes.
AB100-ASA1, s. 2281g 18Section 2281g. 71.42 (2) (h) of the statutes is amended to read:
AB100-ASA1,1034,1819 71.42 (2) (h) For taxable years that begin after December 31, 1993, and before
20January 1, 1995, "internal revenue code" means the federal internal revenue code as
21amended to December 31, 1993 excluding sections 103, 104 and 110 of P.L. 102-227
22and sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d) and 13215 of P.L. 103-66,
23and as amended by P.L. 103-296, P.L. 103-337, P.L. 103-465 and, P.L. 104-7,
24excluding section 1 of P.L. 104-7, P.L. 104-188, excluding section 1311 of P.L.
25104-188, P.L. 104-191 and P.L. 104-193,
and as indirectly affected by P.L. 99-514,

1P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239,
2P.L. 101-508, P.L. 102-227, excluding sections 103, 104 and 110 of P.L. 102-227, P.L.
3102-318, P.L. 102-486 and P.L. 103-66, excluding sections 13113, 13150 (d), 13171
4(d), 13174, 13203 (d) and 13215 of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L.
5103-465 and, P.L. 104-7, excluding section 1 of P.L. 104-7, P.L. 104-188, excluding
6section 1311 of P.L. 104-188, P.L. 104-191 and P.L. 104-193
, except that "internal
7revenue code" does not include section 847 of the federal internal revenue code. The
8internal revenue code applies for Wisconsin purposes at the same time as for federal
9purposes. Amendments to the federal internal revenue code enacted after
10December 31, 1993, do not apply to this paragraph with respect to taxable years
11beginning after December 31, 1993, and before January 1, 1995, except that
12changes to the internal revenue code made by P.L. 103-296, P.L. 103-337, P.L.
13103-465 and, P.L. 104-7, excluding section 1 of P.L. 104-7, P.L. 104-188, excluding
14section 1311 of P.L. 104-188, P.L. 104-191 and P.L. 104-193
and changes that
15indirectly affect the provisions applicable to this subchapter made by P.L. 103-296,
16P.L. 103-337, P.L. 103-465 and, P.L. 104-7, excluding section 1 of P.L. 104-7, P.L.
17104-188, excluding section 1311 of P.L. 104-188, P.L. 104-191 and P.L. 104-193

18apply for Wisconsin purposes at the same time as for federal purposes.
AB100-ASA1, s. 2281h 19Section 2281h. 71.42 (2) (i) of the statutes is amended to read:
AB100-ASA1,1035,1620 71.42 (2) (i) For taxable years that begin after December 31, 1994, and before
21January 1, 1996, "internal revenue code" means the federal internal revenue code as
22amended to December 31, 1994, excluding sections 103, 104 and 110 of P.L. 102-227
23and sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L. 103-66, and as
24amended by P.L. 104-7, P.L. 104-188, excluding sections 1202, 1204, 1311 and 1605
25of P.L. 104-188, P.L. 104-191 and P.L. 104-193,
and as indirectly affected by P.L.

199-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L.
2101-239, P.L. 101-508, P.L. 102-227, excluding sections 103, 104 and 110 of P.L.
3102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150
4(d), 13171 (d), 13174 and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L.
5103-465 and, P.L. 104-7, P.L. 104-188, excluding sections 1202, 1204, 1311 and 1605
6of P.L. 104-188, P.L. 104-191 and P.L. 104-193
, except that "internal revenue code"
7does not include section 847 of the federal internal revenue code. The internal
8revenue code applies for Wisconsin purposes at the same time as for federal purposes.
9Amendments to the federal internal revenue code enacted after December 31, 1994,
10do not apply to this paragraph with respect to taxable years beginning after
11December 31, 1994, and before January 1, 1996, except that changes to the internal
12revenue code made by P.L. 104-7, P.L. 104-188, excluding sections 1202, 1204, 1311
13and 1605 of P.L. 104-188, P.L. 104-191 and P.L. 104-193
and changes that indirectly
14affect the provisions applicable to this subchapter made by P.L. 104-7, P.L. 104-188,
15excluding sections 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and P.L.
16104-193
apply for Wisconsin purposes at the same time as for federal purposes.
AB100-ASA1, s. 2281i 17Section 2281i. 71.42 (2) (j) of the statutes is amended to read:
AB100-ASA1,1036,1418 71.42 (2) (j) For taxable years that begin after December 31, 1995, and before
19January 1, 1997,
"internal revenue code" means the federal internal revenue code as
20amended to December 31, 1995, excluding sections 103, 104 and 110 of P.L. 102-227
21and sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L. 103-66, and as
22amended by P.L. 104-188, excluding sections 1123, 1202, 1204, 1311 and 1605 of P.L.
23104-188, P.L. 104-191 and P.L. 104-193
and as indirectly affected by P.L. 99-514,
24P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239,
25P.L. 101-508, P.L. 102-227, excluding sections 103, 104 and 110 of P.L. 102-227, P.L.

1102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d),
213174 and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465 and,
3P.L. 104-7, P.L. 104-188, excluding sections 1123, 1202, 1204, 1311 and 1605 of P.L.
4104-188, P.L. 104-191 and P.L. 104-193
except that "internal revenue code" does not
5include section 847 of the federal internal revenue code. The internal revenue code
6applies for Wisconsin purposes at the same time as for federal purposes.
7Amendments to the federal internal revenue code enacted after December 31, 1995,
8do not apply to this paragraph with respect to taxable years beginning after
9December 31, 1995, and before January 1, 1997, except that changes to the Internal
10Revenue Code made by P.L. 104-188, excluding sections 1123, 1202, 1204, 1311 and
111605 of P.L. 104-188, P.L. 104-191 and P.L. 104-193, and changes that indirectly
12affect the provisions applicable to this subchapter made by P.L. 104-188, excluding
13sections 1123, 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and P.L.
14104-193 apply for Wisconsin purposes at the same time as for federal purposes
.
AB100-ASA1, s. 2281j 15Section 2281j. 71.42 (2) (k) of the statutes is created to read:
AB100-ASA1,1037,616 71.42 (2) (k) For taxable years that begin after December 31, 1996, "Internal
17Revenue Code" means the federal Internal Revenue Code as amended to
18December 31, 1996, excluding sections 103, 104 and 110 of P.L. 102-227, sections
1913113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L. 103-66 and sections 1123 (b),
201202 (c), 1204 (f), 1311 and 1605 (d) of P.L. 104-188, and as indirectly affected by P.L.
2199-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L.
22101-239, P.L. 101-508, P.L. 102-227, excluding sections 103, 104 and 110 of P.L.
23102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150
24(d), 13171 (d), 13174 and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L.
25103-465, P.L. 104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c) 1204 (f), 1311

1and 1605 (d) of P.L. 104-188, P.L. 104-191 and P.L. 104-193 except that "Internal
2Revenue Code" does not include section 847 of the federal Internal Revenue Code.
3The Internal Revenue Code applies for Wisconsin purposes at the same time as for
4federal purposes. Amendments to the federal Internal Revenue Code enacted after
5December 31, 1996, do not apply to this paragraph with respect to taxable years
6beginning after December 31, 1996.
AB100-ASA1, s. 1777 7Section 1777. 71.42 (3m) of the statutes is created to read:
AB100-ASA1,1037,108 71.42 (3m) "Pay" means mail or deliver funds to the department or, if the
9department prescribes another method of payment or another destination, use that
10other method or submit to that other destination.
AB100-ASA1, s. 1778 11Section 1778. 71.44 (4) (a) of the statutes is repealed.
AB100-ASA1, s. 1779 12Section 1779. 71.45 (2) (a) 10. of the statutes is amended to read:
AB100-ASA1,1037,1813 71.45 (2) (a) 10. By adding to federal taxable income the amount of credit
14computed under s. 71.47 (1dd) to (1ds) (1dx) and not passed through by a partnership,
15limited liability company or tax-option corporation that has added that amount to
16the partnership's, limited liability company's or tax-option corporation's income
17under s. 71.21 (4) or 71.34 (1) (g) and the amount of credit computed under s. 71.47
18(1), (3), (4) and (5).
AB100-ASA1, s. 2285b 19Section 2285b. 71.45 (2) (a) 10m. of the statutes is created to read:
AB100-ASA1,1037,2120 71.45 (2) (a) 10m. By adding to federal taxable income the amount deducted
21under section 847 of the Internal Revenue Code.
AB100-ASA1, s. 2285bm 22Section 2285bm. 71.45 (2) (a) 13. of the statutes is amended to read:
AB100-ASA1,1038,1023 71.45 (2) (a) 13. By adding or subtracting, as appropriate, the difference
24between the depreciation deduction under the federal internal revenue code as
25amended to December 31, 1995 1996, and the depreciation deduction under the

1federal internal revenue code in effect for the taxable year for which the return is
2filed, so as to reflect the fact that the insurer may choose between these 2 deductions,
3except that property first placed in service by the taxpayer on or after
4January 1, 1983, but before January 1, 1987, that, under s. 71.04 (15) (b) and (br),
51985 stats., is required to be depreciated under the internal revenue code as
6amended to December 31, 1980, and property first placed in service in taxable year
71981 or thereafter but before January 1, 1987, that, under s. 71.04 (15) (bm), 1985
8stats., is required to be depreciated under the internal revenue code as amended to
9December 31, 1980, shall continue to be depreciated under the internal revenue code
10as amended to December 31, 1980.
AB100-ASA1, s. 2285bp 11Section 2285bp. 71.47 (1dd) (e) of the statutes is created to read:
AB100-ASA1,1038,1512 71.47 (1dd) (e) No credit may be claimed under this subsection for taxable
13years that begin on January 1, 1998, or thereafter. Credits under this subsection for
14taxable years that begin before January 1, 1998, may be carried forward to taxable
15years that begin on January 1, 1998, or thereafter.
AB100-ASA1, s. 2285c 16Section 2285c. 71.47 (1de) (d) of the statutes is created to read:
AB100-ASA1,1038,2017 71.47 (1de) (d) No credit may be claimed under this subsection for taxable
18years that begin on January 1, 1998, or thereafter. Credits under this subsection for
19taxable years that begin before January 1, 1998, may be carried forward to taxable
20years that begin on January 1, 1998, or thereafter.
AB100-ASA1, s. 2285d 21Section 2285d. 71.47 (1di) (i) of the statutes is created to read:
AB100-ASA1,1038,2522 71.47 (1di) (i) No credit may be claimed under this subsection for taxable years
23that begin on January 1, 1998, or thereafter. Credits under this subsection for
24taxable years that begin before January 1, 1998, may be carried forward to taxable
25years that begin on January 1, 1998, or thereafter.
AB100-ASA1, s. 2285e
1Section 2285e. 71.47 (1dj) (i) of the statutes is created to read:
AB100-ASA1,1039,52 71.47 (1dj) (i) No credit may be claimed under this subsection for taxable years
3that begin on January 1, 1998, or thereafter. Credits under this subsection for
4taxable years that begin before January 1, 1998, may be carried forward to taxable
5years that begin on January 1, 1998, or thereafter.
AB100-ASA1, s. 2285f 6Section 2285f. 71.47 (1dL) (h) of the statutes is created to read:
AB100-ASA1,1039,107 71.47 (1dL) (h) No credit may be claimed under this subsection for taxable
8years that begin on January 1, 1998, or thereafter. Credits under this subsection for
9taxable years that begin before January 1, 1998, may be carried forward to taxable
10years that begin on January 1, 1998, or thereafter.
AB100-ASA1, s. 2285g 11Section 2285g. 71.47 (1ds) (i) of the statutes is created to read:
AB100-ASA1,1039,1512 71.47 (1ds) (i) No credit may be claimed under this subsection for taxable years
13that begin on January 1, 1998, or thereafter. Credits under this subsection for
14taxable years that begin before January 1, 1998, may be carried forward to taxable
15years that begin on January 1, 1998, or thereafter.
AB100-ASA1, s. 1780 16Section 1780. 71.47 (1dx) of the statutes is created to read:
AB100-ASA1,1039,1717 71.47 (1dx) Development zones credit. (a) Definitions. In this subsection:
AB100-ASA1,1039,1918 1. "Brownfield" means an industrial or commercial facility the expansion or
19redevelopment of which is complicated by environmental contamination.
AB100-ASA1,1039,2220 2. "Development zone" means a development zone under s. 560.70, a
21development opportunity zone under s. 560.795 or an enterprise development zone
22under s. 560.797.
AB100-ASA1,1040,323 3. "Environmental remediation" means removal or containment of
24environmental pollution, as defined in s. 299.01 (4), and restoration of soil or
25groundwater that is affected by environmental pollution, as defined in s. 299.01 (4),

1in a brownfield if that removal, containment or restoration fulfills the requirement
2under sub. (1de) (a) 1. and investigation unless the investigation determines that
3remediation is required and that remediation is not undertaken.
AB100-ASA1,1040,94 4. "Full-time job" means a regular, nonseasonal full-time position in which an
5individual, as a condition of employment, is required to work at least 2,080 hours per
6year, including paid leave and holidays, and for which the individual receives pay
7that is equal to at least 150% of the federal minimum wage and receives benefits that
8are not required by federal or state law. "Full-time job" does not include initial
9training before an employment position begins.
AB100-ASA1,1040,1810 5. "Member of a targeted group" means a person under sub. (1dj) (am) 1., a
11person who resides in an empowerment zone, or an enterprise community, that the
12U.S. government designates, a person who is employed in an unsubsidized job but
13meets the eligibility requirements under s. 49.145 (2) and (3) for a Wisconsin works
14employment position, a person who is employed in a trial job, as defined in s. 49.141
15(1) (n), a person who is eligible for the Wisconsin works health plan under s. 49.153
16or a person who is eligible for child care assistance under s. 49.155; if the person has
17been certified in the manner under sub. (1dj) (am) 3. by a designated local agency,
18as defined in sub. (1dj) (am) 2.
AB100-ASA1,1040,2119 (b) Credit. Except or provided in s. 73.03 (35) and subject to s. 560.785, for any
20taxable year for which the person is certified under s. 560.765 (3), any person may
21claim as a credit against taxes under this subchapter the following amounts:
AB100-ASA1,1040,2322 1. Fifty percent of the amount expended for environmental remediation in a
23development zone.
AB100-ASA1,1041,224 2. The amount determined by multiplying the amount determined under s.
25560.785 (1) (b) by the number of full-time jobs created in a development zone and

1filled by a member of a targeted group and by then subtracting the subsidies paid
2under s. 49.147 (3) (a) for those jobs.
AB100-ASA1,1041,63 3. The amount determined by multiplying the amount determined under s.
4560.785 (1) (c) by the number of full-time jobs created in a development zone and not
5filled by a member of a targeted group and by then subtracting the subsidies paid
6under s. 49.147 (3) (a) for those jobs.
AB100-ASA1,1041,117 4. The amount determined by multiplying the amount determined under s.
8560.785 (1) (b) by the number of full-time jobs retained, as provided in the rules
9under s. 560.785, excluding jobs for which a credit has been claimed under sub. (1dj),
10in a development zone and filled by a member of a targeted group and by then
11subtracting the subsidies paid under s. 49.147 (3) (a) for those jobs.
AB100-ASA1,1041,1612 5. The amount determined by multiplying the amount determined under s.
13560.785 (1) (c) by the number of full-time jobs retained, as provided in the rules
14under s. 560.785, excluding jobs for which a credit has been claimed under sub. (1dj),
15in a development zone and not filled by a member of a targeted group and by then
16subtracting the subsidies paid under s. 49.147 (3) (a) for those jobs.
AB100-ASA1,1041,2217 (c) Credit precluded. If the certification of a person for tax benefits under s.
18560.765 (3) is revoked, that person may not claim credits under this subsection for
19the taxable year that includes the day on which the certification is revoked or
20succeeding taxable years and that person may not carry over unused credits from
21previous years to offset tax under this chapter for the taxable year that includes the
22day on which certification is revoked or succeeding taxable years.
AB100-ASA1,1042,223 (d) Carry-over precluded. If a person who is certified under s. 560.765 (3) for
24tax benefits ceases business operations in the development zone during any of the
25taxable years that that zone exists, that person may not carry over to any taxable

1year following the year during which operations cease any unused credits from the
2taxable year during which operations cease or from previous taxable years.
AB100-ASA1,1042,73 (e) Administration. Section 71.28 (4) (e) to (h), as it applies to the credit under
4s. 71.28 (4), applies to the credit under this subsection. Subsection (1dj) (c), as it
5applies to the credit under sub. (1dj), applies to the credit under this subsection.
6Claimants shall include with their returns a copy of their certification for tax benefits
7and a copy of the department of commerce's verification of their expenses.
AB100-ASA1, s. 2286m 8Section 2286m. 71.47 (3) (b) of the statutes is amended to read:
AB100-ASA1,1042,189 71.47 (3) (b) The tax imposed upon or measured by corporation Wisconsin net
10income under s. 71.43 (1) or (2) shall be reduced by an amount equal to the sales and
11use tax under ch. 77 paid by the corporation in such taxable year on fuel and
12electricity consumed in manufacturing tangible personal property in this state.
13Shareholders of a tax-option corporation and partners may claim the credit under
14this subsection, based on eligible sales and use taxes paid by the tax-option
15corporation or partnership, in proportion to the ownership interest of each
16shareholder or partner. The tax-option corporation or partnership shall calculate
17the amount of the credit that may be claimed by each shareholder or partner and
18shall provide that information to the shareholder or partner.
AB100-ASA1, s. 2286n 19Section 2286n. 71.47 (3) (c) of the statutes is renumbered 71.47 (3) (c) 1.
AB100-ASA1, s. 2286no 20Section 2286no. 71.47 (3) (c) 2. to 6. of the statutes are created to read:
AB100-ASA1,1042,2321 71.47 (3) (c) 2. For shareholders in a tax-option corporation, the credit may be
22offset only against the tax imposed on the shareholder's prorated share of the
23tax-option corporation's income.
AB100-ASA1,1042,2524 3. For partners, the credit may be offset only against the tax imposed on the
25partner's distributive share of partnership income.
AB100-ASA1,1043,3
14. If a tax-option corporation becomes liable for tax, the corporation may offset
2the credit against the tax due, with any remaining credit passing through to the
3shareholders.
AB100-ASA1,1043,74 5. If a corporation that is not a tax-option corporation has a carry-over credit
5and becomes a tax-option corporation before the credit carried over is used, the
6unused portion of the credit may be used by the tax-option corporation's
7shareholders on a prorated basis.
AB100-ASA1,1043,128 6. If the shareholders of a tax-option corporation have carry-over credits and
9the corporation becomes a corporation other than a tax-option corporation after the
10effective date of this subdivision .... [revisor inserts date], and before the credits
11carried over are used, the unused portion of the credits may be used by the
12corporation that is not a tax-option corporation.
AB100-ASA1, s. 2286p 13Section 2286p. 71.47 (3) (d) of the statutes is repealed.
AB100-ASA1, s. 1781 14Section 1781. 71.47 (4) (a) of the statutes is amended to read:
AB100-ASA1,1044,315 71.47 (4) (a) Credit. Any corporation may credit against taxes otherwise due
16under this chapter an amount equal to 5% of the amount obtained by subtracting
17from the corporation's qualified research expenses, as defined in section 41 of the
18internal revenue code, except that "qualified research expenses" includes only
19expenses incurred by the claimant, incurred for research conducted in this state for
20the taxable year, except that a taxpayer may elect the alternative computation under
21section 41 (c) (4) of the Internal Revenue Code and that election applies until the
22department permits its revocation
and except that "qualified research expenses"
23does not include compensation used in computing the credit under sub. subs. (1dj)
24and (1dx), the corporation's base amount, as defined in section 41 (c) of the internal
25revenue code, except that gross receipts used in calculating the base amount means

1gross receipts from sales attributable to Wisconsin under s. 71.25 (9) (b) 1. and 2. and
2(d). Section 41 (h) of the internal revenue code does not apply to the credit under this
3paragraph.
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