AB100-engrossed, s. 2245 8Section 2245. 70.395 (1g) of the statutes is repealed.
AB100-engrossed, s. 2246 9Section 2246. 70.395 (1m) of the statutes is repealed.
AB100-engrossed, s. 2247 10Section 2247. 70.395 (2) (d) 1. of the statutes is amended to read:
AB100-engrossed,1071,1211 70.395 (2) (d) 1. To each county in which metalliferous minerals are extracted,
12the first-dollar payment under sub. (1) (a).
AB100-engrossed, s. 2248 13Section 2248. 70.395 (2) (d) 2. of the statutes is amended to read:
AB100-engrossed,1071,2214 70.395 (2) (d) 2. To each city, town or village in which metalliferous minerals
15are extracted, the first-dollar payment under sub. (1) (a) minus any payment during
16that year under par. (d) (intro.) or subd. 5. If the minable ore body is located in 2
17contiguous municipalities and if at least 15% of the minable ore body is in each
18municipality, each qualifying municipality shall receive a full payment specified in
19this subdivision as if the ore body were located solely within that municipality. The
20department of revenue shall annually change the dollar amount specified in this
21subdivision as specified in s. 70.375 (6) except that the dollar amount may not be
22reduced below the dollar amount under this subdivision on November 28, 1981.
AB100-engrossed, s. 2249 23Section 2249. 70.395 (2) (d) 4. a. of the statutes is amended to read:
AB100-engrossed,1072,3
170.395 (2) (d) 4. a. To ensure an annual payment to each municipality under
2sub. (1) (a) subds. 1. and 2. in an amount equal to the average payment for the 3
3previous years to that municipality.
AB100-engrossed, s. 2250 4Section 2250. 70.395 (2) (dg) of the statutes is amended to read:
AB100-engrossed,1072,145 70.395 (2) (dg) Each person constructing a metalliferous mining site shall pay
6to the department of revenue for deposit in the investment and local impact fund, as
7a construction fee, an amount sufficient to make the construction period payments
8under par. (d) 5. in respect to that site. Any person paying a construction fee under
9this paragraph may credit against taxes due under s. 70.375 an amount equal to the
10payments that the taxpayer has made under this paragraph, provided that the credit
11does not reduce the taxpayer's liability under s. 70.375 below the amount needed to
12make the first-dollar payments as defined under sub. (1) (a) 2. under subds. 1., 2. and
132m.
for that year in respect to the taxpayer's mine. Any amount not creditable
14because of that limitation in any year may be carried forward.
AB100-engrossed, s. 2251 15Section 2251. 70.395 (2) (g) (intro.) of the statutes is amended to read:
AB100-engrossed,1072,1816 70.395 (2) (g) (intro.) The board may distribute the revenues received under
17subs. (1) (a) and (1g) (b) sub. (1e) or proceeds thereof in accordance with par. (h) for
18the following purposes, as the board determines necessary:
AB100-engrossed, s. 2253 19Section 2253. 71.01 (1m) of the statutes is created to read:
AB100-engrossed,1072,2020 71.01 (1m) "Department" means the department of revenue.
AB100-engrossed, s. 2254 21Section 2254. 71.01 (5g) of the statutes is created to read:
AB100-engrossed,1072,2522 71.01 (5g) "File" means mail or deliver a document that the department
23prescribes to the department or, if the department prescribes another method of
24submitting or another destination, use that other method or submit to that other
25destination.
AB100-engrossed, s. 2254b
1Section 2254b. 71.01 (6) (d) of the statutes is repealed.
AB100-engrossed, s. 2254c 2Section 2254c. 71.01 (6) (e) of the statutes is amended to read:
AB100-engrossed,1073,203 71.01 (6) (e) For taxable years that begin after December 31, 1989, and before
4January 1, 1991, for natural persons and fiduciaries, except fiduciaries of nuclear
5decommissioning trust or reserve funds, "internal revenue code" means the federal
6internal revenue code as amended to December 31, 1989, and as amended by P.L.
7101-280, P.L. 101-508, P.L. 102-227 and, P.L. 103-66 and P.L. 104-188, excluding
8section 1311 of P.L. 104-188,
and as indirectly affected by P.L. 99-514, P.L. 100-203,
9P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-280,
10P.L. 101-508, P.L. 102-227 and, P.L. 103-66 and P.L. 104-188, excluding section
111311 of P.L. 104-188
. The internal revenue code applies for Wisconsin purposes at
12the same time as for federal purposes. Amendments to the federal internal revenue
13code enacted after December 31, 1989, do not apply to this paragraph with respect
14to taxable years beginning after December 31, 1989, and before January 1, 1991,
15except that changes to the internal revenue code made by P.L. 101-280, P.L. 101-508,
16P.L. 102-227 and, P.L. 103-66 and P.L. 104-188, excluding section 1311 of P.L.
17104-188,
and changes that indirectly affect the federal internal revenue code made
18by P.L. 101-280, P.L. 101-508, P.L. 102-227 and, P.L. 103-66 and P.L. 104-188,
19excluding section 1311 of P.L. 104-188,
apply for Wisconsin purposes at the same
20time as for federal purposes.
AB100-engrossed, s. 2254d 21Section 2254d. 71.01 (6) (f) of the statutes is amended to read:
AB100-engrossed,1074,1422 71.01 (6) (f) For taxable years that begin after December 31, 1990, and before
23January 1, 1992, for natural persons and fiduciaries, except fiduciaries of nuclear
24decommissioning trust or reserve funds, "internal revenue code" means the federal
25internal revenue code as amended to December 31, 1990. and as amended by P.L.

1102-90, P.L. 102-227, P.L. 102-486 and, P.L. 103-66 and P.L. 104-188, excluding
2section 1311 of P.L. 104-188,
and as indirectly affected by P.L. 99-514, P.L. 100-203,
3P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-280,
4P.L. 101-508, P.L. 102-90, P.L. 102-227, P.L. 102-486 and , P.L. 103-66 and P.L.
5104-188, excluding section 1311 of P.L. 104-188
. The internal revenue code applies
6for Wisconsin purposes at the same time as for federal purposes. Amendments to the
7federal internal revenue code enacted after December 31, 1990, do not apply to this
8paragraph with respect to taxable years beginning after December 31, 1990, and
9before January 1, 1992, except that changes to the internal revenue code made by
10P.L. 102-90, 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,
and changes that indirectly affect the federal
12internal revenue code made by P.L. 102-90, P.L. 102-227, P.L. 102-486 and, P.L.
13103-66 and P.L. 104-188, excluding section 1311 of P.L. 104-188, apply for Wisconsin
14purposes at the same time as for federal purposes.
AB100-engrossed, s. 2254e 15Section 2254e. 71.01 (6) (g) of the statutes is amended to read:
AB100-engrossed,1075,1116 71.01 (6) (g) For taxable years that begin after December 31, 1991, and before
17January 1, 1993, for natural persons and fiduciaries, except fiduciaries of nuclear
18decommissioning trust or reserve funds, "internal revenue code" means the federal
19internal revenue code as amended to December 31, 1991, excluding sections 103, 104
20and 110 of P.L. 102-227, and as amended by P.L. 102-318, P.L. 102-486 and, P.L.
21103-66, excluding sections 13101 (a) and (c) 1, 13171 and 13174 of P.L. 103-66, and
22P.L. 104-188, excluding section 1311 of P.L. 104-188,
and as indirectly affected by
23P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179,
24P.L. 101-239, P.L. 101-280, P.L. 101-508, P.L. 102-90, P.L. 102-227, excluding
25sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486 and, P.L.

1103-66, excluding sections 13101 (a) and (c) 1, 13171 and 13174 of P.L. 103-66, and
2P.L. 104-188, excluding section 1311 of P.L. 104-188
. The internal revenue code
3applies for Wisconsin purposes at the same time as for federal purposes.
4Amendments to the federal internal revenue code enacted after December 31, 1991,
5do not apply to this paragraph with respect to taxable years beginning after
6December 31, 1991, and before January 1, 1993, except that changes to the internal
7revenue code made by P.L. 102-318, P.L. 102-486 and, P.L. 103-66 and P.L. 104-188,
8excluding section 1311 of P.L. 104-188,
and changes that indirectly affect the
9provisions applicable to this subchapter made by P.L. 102-318, P.L. 102-486 and,
10P.L. 103-66 and P.L. 104-188, excluding section 1311 of P.L. 104-188, apply for
11Wisconsin purposes at the same time as for federal purposes.
AB100-engrossed, s. 2254f 12Section 2254f. 71.01 (6) (h) of the statutes is amended to read:
AB100-engrossed,1076,813 71.01 (6) (h) For taxable years that begin after December 31, 1992, and before
14January 1, 1994, for natural persons and fiduciaries, except fiduciaries of nuclear
15decommissioning trust or reserve funds, "internal revenue code" means the federal
16internal revenue code as amended to December 31, 1992, excluding sections 103, 104
17and 110 of P.L. 102-227, and as amended by P.L. 103-66, excluding sections 13101
18(a) and (c) 1, 13113, 13150, 13171, 13174 and 13203 of P.L. 103-66, and, P.L. 103-465
19and P.L. 104-188, excluding section 1311 of P.L. 104-188, and as indirectly affected
20by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179,
21P.L. 101-239, P.L. 101-280, P.L. 101-508, P.L. 102-90, P.L. 102-227, excluding
22sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486 and, P.L.
23103-66, excluding sections 13101 (a) and (c) 1, 13113, 13150, 13171, 13174 and 13203
24of P.L. 103-66, and P.L. 104-188, excluding section 1311 of P.L. 104-188. The
25internal revenue code applies for Wisconsin purposes at the same time as for federal

1purposes. Amendments to the federal internal revenue code enacted after December
231, 1992, do not apply to this paragraph with respect to taxable years beginning after
3December 31, 1992, and before January 1, 1994, except that changes to the internal
4revenue code made by P.L. 103-66 and, P.L. 103-465 and P.L. 104-188, excluding
5section 1311 of P.L. 104-188,
and changes that indirectly affect the provisions
6applicable to this subchapter made by P.L. 103-66 and , P.L. 103-465 and P.L.
7104-188, excluding section 1311 of P.L. 104-188,
apply for Wisconsin purposes at the
8same time as for federal purposes.
AB100-engrossed, s. 2254g 9Section 2254g. 71.01 (6) (i) of the statutes is amended to read:
AB100-engrossed,1077,1010 71.01 (6) (i) For taxable years that begin after December 31, 1993, and before
11January 1, 1995, for natural persons and fiduciaries, except fiduciaries of nuclear
12decommissioning trust or reserve funds, "internal revenue code" means the federal
13internal revenue code as amended to December 31, 1993, excluding sections 103, 104
14and 110 of P.L. 102-227 and sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d)
15and 13215 of P.L. 103-66 and as amended by P.L. 103-296, P.L. 103-337, P.L.
16103-465 and, P.L. 104-7, excluding section 1 of P.L. 104-7, P.L. 104-188, excluding
17section 1311 of P.L. 104-188, P.L. 104-191 and P.L. 104-193
and as indirectly
18affected by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L.
19101-179, P.L. 101-239, P.L. 101-280, P.L. 101-508, P.L. 102-90, P.L. 102-227,
20excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L.
21103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d) and 13215
22of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465 and, P.L. 104-7, excluding
23section 1 of P.L. 104-7, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L.
24104-191 and P.L. 104-193
. The internal revenue code applies for Wisconsin
25purposes at the same time as for federal purposes. Amendments to the federal

1internal revenue code enacted after December 31, 1993, do not apply to this
2paragraph with respect to taxable years beginning after December 31, 1993, and
3before January 1, 1995, except that changes to the internal revenue code made by
4P.L. 103-296, P.L. 103-337, P.L. 103-465 and, P.L. 104-7, excluding section 1 of P.L.
5104-7, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L. 104-191 and P.L.
6104-193
and changes that indirectly affect the provisions applicable to this
7subchapter made by P.L. 103-276 103-296, P.L. 103-337, P.L. 103-465 and, P.L.
8104-7, excluding section 1 of P.L. 104-7, P.L. 104-188, excluding section 1311 of P.L.
9104-188, P.L. 104-191 and P.L. 104-193,
apply for Wisconsin purposes at the same
10time as for federal purposes.
AB100-engrossed, s. 2254h 11Section 2254h. 71.01 (6) (j) of the statutes is amended to read:
AB100-engrossed,1078,1012 71.01 (6) (j) For taxable years that begin after December 31, 1994, and before
13January 1, 1996, for natural persons and fiduciaries, except fiduciaries of nuclear
14decommissioning trust or reserve funds, "internal revenue code" means the federal
15internal revenue code as amended to December 31, 1994, excluding sections 103, 104
16and 110 of P.L. 102-227 and sections 13113, 13150 (d), 13171 (d), 13174 and 13203
17(d) of P.L. 103-66, and as amended by P.L. 104-7 and, P.L. 104-117, P.L. 104-188,
18excluding sections 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and P.L.
19104-193
and as indirectly affected by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L.
20101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-280, P.L. 101-508, P.L.
21102-90, P.L. 102-227, excluding sections 103, 104 and 110 of P.L. 102-227, P.L.
22102-318, P.L. 102-486 and, P.L. 103-66, excluding sections 13113, 13150 (d), 13171
23(d), 13174 and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465,
24P.L. 104-7 and, P.L. 104-117, P.L. 104-188, excluding sections 1202, 1204, 1311 and
251605 of P.L. 104-188, P.L. 104-191 and P.L. 104-193
. The internal revenue code

1applies for Wisconsin purposes at the same time as for federal purposes.
2Amendments to the federal internal revenue code enacted after December 31, 1994,
3do not apply to this paragraph with respect to taxable years beginning after
4December 31, 1994, and before January 1, 1996, except that changes to the internal
5revenue code made by P.L. 104-7 and, P.L. 104-117, P.L. 104-188, excluding sections
61202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and P.L. 104-193
and
7changes that indirectly affect the provisions applicable to this subchapter made by
8P.L. 104-7 and, P.L. 104-117, P.L. 104-188, excluding sections 1202, 1204, 1311 and
91605 of P.L. 104-188, P.L. 104-191 and P.L. 104-193
apply for Wisconsin purposes
10at the same time as for federal purposes.
AB100-engrossed, s. 2254i 11Section 2254i. 71.01 (6) (k) of the statutes is amended to read:
AB100-engrossed,1079,912 71.01 (6) (k) For taxable years that begin after December 31, 1995, and before
13January 1, 1997,
for natural persons and fiduciaries, except fiduciaries of nuclear
14decommissioning trust or reserve funds, "internal revenue code" means the federal
15internal revenue code as amended to December 31, 1995, excluding sections 103, 104
16and 110 of P.L. 102-227 and sections 13113, 13150 (d), 13171 (d), 13174 and 13203
17(d) of P.L. 103-66, and as amended by P.L. 104-117, P.L. 104-188, excluding sections
181123, 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and P.L. 104-193
, and
19as indirectly affected by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L.
20101-140, P.L. 101-179, P.L. 101-239, P.L. 101-280, P.L. 101-508, P.L. 102-90, P.L.
21102-227, excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L.
22102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174 and
2313203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7 and,
24P.L. 104-117, P.L. 104-188, excluding sections 1123, 1202, 1204, 1311 and 1605 of
25P.L. 104-188, P.L. 104-191 and P.L. 104-193
. The internal revenue code applies for

1Wisconsin purposes at the same time as for federal purposes. Amendments to the
2federal internal revenue code enacted after December 31, 1995, do not apply to this
3paragraph with respect to taxable years beginning after December 31, 1995, and
4before January 1, 1997,
except that changes to the internal revenue code made by
5P.L. 104-117, P.L. 104-188, excluding sections 1123, 1202, 1204, 1311 and 1605 of
6P.L. 104-188, P.L. 104-191 and P.L. 104-193
and changes that indirectly affect the
7provisions applicable to this subchapter made by P.L. 104-117, P.L. 104-188,
8excluding sections 1123, 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and
9P.L. 104-193
apply for Wisconsin purposes at the same time as for federal purposes.
AB100-engrossed, s. 2254j 10Section 2254j. 71.01 (6) (L) of the statutes is created to read:
AB100-engrossed,1080,211 71.01 (6) (L) For taxable years that begin after December 31, 1996, for natural
12persons and fiduciaries, except fiduciaries of nuclear decommissioning trust or
13reserve funds, "internal revenue code" means the federal internal revenue code as
14amended to December 31, 1996, excluding sections 103, 104 and 110 of P.L. 102-227,
15sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L. 103-66 and sections
161123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L. 104-188, and as indirectly
17affected by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L.
18101-179, P.L. 101-239, P.L. 101-280, P.L. 101-508, P.L. 102-90, P.L. 102-227,
19excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L.
20103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
21103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-117, P.L.
22104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L.
23104-188, P.L. 104-191 and P.L. 104-193. The internal revenue code applies for
24Wisconsin purposes at the same time as for federal purposes. Amendments to the

1federal internal revenue code enacted after December 31, 1996, do not apply to this
2paragraph with respect to taxable years beginning after December 31, 1996.
AB100-engrossed, s. 2254k 3Section 2254k. 71.01 (7r) of the statutes is amended to read:
AB100-engrossed,1080,114 71.01 (7r) Notwithstanding sub. (6), for purposes of computing amortization
5or depreciation, "internal revenue code" means either the federal internal revenue
6code as amended to December 31, 1995 1996, or the federal internal revenue code in
7effect for the taxable year for which the return is filed, except that property that,
8under s. 71.02 (2) (d) 12., 1985 stats., is required to be depreciated for taxable year
91986 under the internal revenue code as amended to December 31, 1980, shall
10continue to be depreciated under the internal revenue code as amended to
11December 31, 1980.
AB100-engrossed, s. 2255 12Section 2255. 71.01 (8r) of the statutes is created to read:
AB100-engrossed,1080,1613 71.01 (8r) "Pay", in regard to submissions to or for the department, means mail
14or deliver funds to the department or, if the department prescribes another method
15of submitting or another destination, use that other method or submit to that other
16destination.
AB100-engrossed, s. 2256 17Section 2256. 71.01 (9c) of the statutes is created to read:
AB100-engrossed,1080,1918 71.01 (9c) "Sign" means write one's signature or, if the department prescribes
19another method of authenticating, use that other method.
AB100-engrossed, s. 2256m 20Section 2256m. 71.01 (15) of the statutes is repealed.
AB100-engrossed, s. 2257 21Section 2257. 71.02 (1) of the statutes is amended to read:
AB100-engrossed,1081,1722 71.02 (1) For the purpose of raising revenue for the state and the counties,
23cities, villages and towns, there shall be assessed, levied, collected and paid a tax on
24all net incomes of individuals and fiduciaries, except fiduciaries of nuclear
25decommissioning trust or reserve funds subject to the tax under s. 71.23 (2), by every

1natural person residing within the state or by his or her personal representative in
2case of death, and trusts administered within the state; by every nonresident natural
3person and trust of this state, upon such income as is derived from property located
4or business transacted within the state including, but not limited by enumeration,
5income derived from a limited partner's distributive share of partnership income,
6income derived from a limited liability company member's distributive share of
7limited liability company income, the state lottery under ch. 565, any multistate
8multijurisdictional lottery under ch. 565 if the winning lottery ticket or lottery share
9was purchased from a retailer, as defined in s. 565.01 (6), located in this state or from
10the department and pari-mutuel wager winnings or purses under ch. 562, and also
11by every nonresident natural person upon such income as is derived from the
12performance of personal services within the state, except as exempted under s. 71.05
13(1) to (3). Every natural person domiciled in the state shall be deemed to be residing
14within the state for the purposes of determining liability for income taxes and
15surtaxes. A single-owner entity that is disregarded as a separate entity under
16section 7701 of the Internal Revenue Code is disregarded as a separate entity under
17this chapter, and its owner is subject to the tax on the entity's income.
AB100-engrossed, s. 2258 18Section 2258. 71.04 (1) (a) of the statutes is amended to read:
AB100-engrossed,1082,2019 71.04 (1) (a) All income or loss of resident individuals and resident estates and
20trusts shall follow the residence of the individual, estate or trust. Income or loss of
21nonresident individuals and nonresident estates and trusts from business, not
22requiring apportionment under sub. (4), (10) or (11), shall follow the situs of the
23business from which derived. All items of income, loss and deductions of nonresident
24individuals and nonresident estates and trusts derived from a tax-option
25corporation not requiring apportionment under sub. (9) shall follow the situs of the

1business of the corporation from which derived. Income or loss of nonresident
2individuals and nonresident estates and trusts derived from rentals and royalties
3from real estate or tangible personal property, or from the operation of any farm,
4mine or quarry, or from the sale of real property or tangible personal property shall
5follow the situs of the property from which derived. Income from personal services
6of nonresident individuals, including income from professions, shall follow the situs
7of the services. A nonresident limited partner's distributive share of partnership
8income shall follow the situs of the business. A nonresident limited liability company
9member's distributive share of limited liability company income shall follow the situs
10of the business. Income of nonresident individuals, estates and trusts from the state
11lottery under ch. 565 is taxable by this state. Income of nonresident individuals,
12estates and trusts from any multistate multijurisdictional lottery under ch. 565 is
13taxable by this state, but only if the winning lottery ticket or lottery share was
14purchased from a retailer, as defined in s. 565.01 (6), located in this state or from the
15department. Income of nonresident individuals, nonresident trusts and nonresident
16estates from pari-mutuel winnings or purses under ch. 562 is taxable by this state.
17All other income or loss of nonresident individuals and nonresident estates and
18trusts, including income or loss derived from land contracts, mortgages, stocks,
19bonds and securities or from the sale of similar intangible personal property, shall
20follow the residence of such persons, except as provided in par. (b) and sub. (9).
AB100-engrossed, s. 2260m 21Section 2260m. 71.05 (6) (intro.) of the statutes is amended to read:
AB100-engrossed,1082,2322 71.05 (6)Modifications and transitional adjustments. (intro.) Some of the
23modifications referred to in s. 71.01 (13), and (14) and (15) are:
AB100-engrossed, s. 2260t 24Section 2260t. 71.05 (6) (a) 10. of the statutes is amended to read:
AB100-engrossed,1083,21
171.05 (6) (a) 10. For the taxable year, for a person who is not "actively engaged
2in farming", as that term is used in 7 CFR 1497.201,
combined net losses, exclusive
3of net gains from the sale or exchange of capital or business assets and exclusive of
4net profits, from businesses, from rents, from partnerships, from limited liability
5companies, from S corporations, from estates or from trusts, under section 165 of the
6internal revenue code, except losses allowable under sections 1211 and 1231 of the
7internal revenue code, otherwise includable in calculating Wisconsin income if those
8losses are incurred in the operation of a farming business, as defined in section 464
9(e) 1. of the internal revenue code to the extent that those combined net losses exceed
10$20,000 if nonfarm Wisconsin adjusted gross income exceeds $55,000 but does not
11exceed $75,000, exceed $17,500 if nonfarm Wisconsin adjusted gross income exceeds
12$75,000 but does not exceed $100,000, exceed $15,000 if nonfarm Wisconsin adjusted
13gross income exceeds $100,000 but does not exceed $150,000, exceed $12,500 if
14nonfarm Wisconsin adjusted gross income exceeds $150,000 but does not exceed
15$200,000, exceed $10,000 if nonfarm Wisconsin adjusted gross income exceeds
16$200,000 but does not exceed $250,000, exceed $7,500 if nonfarm Wisconsin adjusted
17gross income exceeds $250,000 but does not exceed $300,000, exceed $5,000 if
18nonfarm Wisconsin adjusted gross income exceeds $300,000 but does not exceed
19$400,000 $600,000 and exceed $0 if nonfarm adjusted gross income exceeds $400,000
20$600,000, except that the amounts applicable to married persons filing separately
21are 50% of the amounts specified in this subdivision.
AB100-engrossed, s. 2261 22Section 2261. 71.05 (6) (a) 15. of the statutes is amended to read:
AB100-engrossed,1084,223 71.05 (6) (a) 15. The amount of the credits computed under s. 71.07 (2dd), (2de),
24(2di), (2dj), (2dL), (2dr) and, (2ds) , (2dx) and (3s) and not passed through by a
25partnership, limited liability company or tax-option corporation that has added that

1amount to the partnership's, company's or tax-option corporation's income under s.
271.21 (4) or 71.34 (1) (g).
AB100-engrossed, s. 2261am 3Section 2261am. 71.05 (6) (a) 19. of the statutes is repealed.
AB100-engrossed, s. 2261ao 4Section 2261ao. 71.05 (6) (a) 20. of the statutes is created to read:
AB100-engrossed,1084,75 71.05 (6) (a) 20. The amount of any excess distribution, as that term is used in
6section 1291 (b) of the Internal Revenue Code, from a passive foreign investment
7company.
AB100-engrossed, s. 2261b 8Section 2261b. 71.05 (6) (b) 24. of the statutes is repealed.
AB100-engrossed, s. 2261c 9Section 2261c. 71.05 (6) (b) 25. of the statutes is created to read:
AB100-engrossed,1084,1710 71.05 (6) (b) 25. All gains that are not excluded from taxation under subd. 9.,
11on business assets or on assets used in farming, including shares in a corporation or
12trust that meets the standards under s. 182.001 (1), or both, held more than one year,
13that are sold or otherwise disposed of to persons who are related to the seller or
14transferor by blood, marriage or adoption within the 3rd degree of kinship as that
15term is used in s. 852.03 (2), as computed under the Internal Revenue Code, not
16including amounts treated as ordinary income for federal income tax purposes
17because of the recapture of depreciation or any other reason.
AB100-engrossed, s. 2261d 18Section 2261d. 71.05 (6) (b) 26. of the statutes is created to read:
AB100-engrossed,1084,2119 71.05 (6) (b) 26. For taxable years beginning on or after January 1, 1998, an
20amount paid by a person for a long-term care insurance policy for the person and his
21or her spouse, calculated as follows:
AB100-engrossed,1085,522 a. One hundred percent of the amount paid by the person for a long-term care
23insurance policy. In this subdivision, "long-term care insurance policy" means a
24disability insurance policy or certificate advertised, marketed, offered or designed
25primarily to provide coverage for care that is provided in the insured person's home

1or in institutional and community-based settings and that is convalescent or
2custodial care or care for a chronic condition or terminal illness; the term does not
3include a medicare supplement policy or medicare replacement policy or a continuing
4care contract, as defined in s. 647.01 (2). "Long-term care insurance policy" applies
5to a policy that covers the person and his or her spouse.
AB100-engrossed,1085,86 b. From the amount calculated under subd. 26. a., subtract the amounts
7deducted from gross income for a long-term care insurance policy in the calculation
8of federal adjusted gross income.
AB100-engrossed,1085,139 c. For a person who is a nonresident or a part-year resident of this state, modify
10the amount calculated under subd. 26. b. by multiplying the amount by a fraction the
11numerator of which is the person's wages, unearned income and net earnings from
12a trade or business that are taxable by this state and the denominator of which is the
13person's total wages, unearned income and net earnings from a trade or business.
AB100-engrossed,1085,1614 d. Reduce the amount calculated under subd. 26. b. or c. to the person's
15aggregate wages, unearned income and net earnings from a trade or business that
16are taxable by this state.
AB100-engrossed, s. 2261e 17Section 2261e. 71.06 (1) (intro.) of the statutes is amended to read:
AB100-engrossed,1086,218 71.06 (1) (title) Fiduciaries, single individuals and heads of households; 1986
19to 1997
. (intro.) The tax to be assessed, levied and collected upon the taxable incomes
20of all fiduciaries, except fiduciaries of nuclear decommissioning trust or reserve
21funds, and single individuals for taxable years beginning on or after August 1, 1986,
22and before January 1, 1994, and upon the taxable incomes of all fiduciaries, except
23fiduciaries of nuclear decommissioning trust or reserve funds, and single individuals
24and heads of households for taxable years beginning on or after January 1, 1994

1December 31, 1993, and before January 1, 1998, shall be computed at the following
2rates:
AB100-engrossed, s. 2261ee 3Section 2261ee. 71.06 (1m) of the statutes is created to read:
AB100-engrossed,1086,74 71.06 (1m) Fiduciaries, single individuals and heads of households; after
51997.
The tax to be assessed, levied and collected upon the taxable incomes of all
6fiduciaries, except fiduciaries of nuclear decommissioning trust or reserve funds, and
7single individuals and heads of households shall be computed at the following rates:
AB100-engrossed,1086,98 (a) For taxable years beginning after December 31, 1997, and before January
91, 1999:
AB100-engrossed,1086,1010 1. On all taxable income from $0 to $7,500, 4.85%.
AB100-engrossed,1086,1111 2. On all taxable income exceeding $7,500 but not exceeding $15,000, 6.48%.
AB100-engrossed,1086,1212 3. On all taxable income exceeding $15,000, 6.87%.
AB100-engrossed,1086,1413 (b) For taxable years beginning after December 31, 1998, and before January
141, 2000:
AB100-engrossed,1086,1515 1. On all taxable income from $0 to $7,500, 4.80%.
AB100-engrossed,1086,1616 2. On all taxable income exceeding $7,500 but not exceeding $15,000, 6.42%.
AB100-engrossed,1086,1717 3. On all taxable income exceeding $15,000, 6.79%.
AB100-engrossed,1086,1918 (c) For taxable years beginning after December 31, 1999, and before January
191, 2001:
AB100-engrossed,1086,2020 1. On all taxable income from $0 to $7,500, 4.75%.
AB100-engrossed,1086,2121 2. On all taxable income exceeding $7,500 but not exceeding $15,000, 6.35%.
AB100-engrossed,1086,2222 3. On all taxable income exceeding $15,000, 6.72%.
AB100-engrossed,1086,2423 (d) For taxable years beginning after December 31, 2000, and before January
241, 2002:
AB100-engrossed,1086,2525 1. On all taxable income from $0 to $7,500, 4.70%.
AB100-engrossed,1087,1
12. On all taxable income exceeding $7,500 but not exceeding $15,000, 6.29%.
AB100-engrossed,1087,22 3. On all taxable income exceeding $15,000, 6.65%.
AB100-engrossed,1087,33 (e) For taxable years beginning after December 31, 2001:
AB100-engrossed,1087,44 1. On all taxable income from $0 to $7,500, 4.66%.
AB100-engrossed,1087,55 2. On all taxable income exceeding $7,500 but not exceeding $15,000, 6.22%.
AB100-engrossed,1087,66 3. On all taxable income exceeding $15,000, 6.58%.
AB100-engrossed, s. 2261eg 7Section 2261eg. 71.06 (2) (intro.) of the statutes is amended to read:
AB100-engrossed,1087,118 71.06 (2) Married persons. (intro.) The tax to be assessed, levied and collected
9upon the taxable incomes of all married persons for calendar year 1987 and
10corresponding fiscal years and for calendar and fiscal years thereafter
shall be
11computed at the following rates:
AB100-engrossed, s. 2261ei 12Section 2261ei. 71.06 (2) (a) (intro.) of the statutes is amended to read:
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