SB55-ASA1-AA1,577,21 20933. Page 717, line 6: delete ", excluding sections 162 and 165 of P.L.
21106-554
".
SB55-ASA1-AA1,577,22 22934. Page 717, line 13: before "and P.L." insert "P.L. 106-519,".
SB55-ASA1-AA1,578,2
1935. Page 717, line 14: delete ", excluding sections 162 and 165 of P.L.
2106-554
".
SB55-ASA1-AA1,578,3 3936. Page 717, line 21: before "and P.L." insert "P.L. 106-519,".
SB55-ASA1-AA1,578,5 4937. Page 717, line 22: delete "excluding sections 162 and 165 of P.L.
5106-554,
".
SB55-ASA1-AA1,578,7 6938. Page 718, line 1: delete that line and substitute "P.L. 106-519, and P.L.
7106-554,
apply for".
SB55-ASA1-AA1,578,9 8939. Page 718, line 11: delete that line and substitute "and , P.L. 106-36, P.L.
9106-519, and P.L. 106-554
,".
SB55-ASA1-AA1,578,11 10940. Page 718, line 19: delete the material beginning with "and P.L." and
11ending with "of" on line 20 and substitute "P.L. 106-519, and".
SB55-ASA1-AA1,578,13 12941. Page 718, line 25: delete "and P.L. 106-554," and substitute "P.L.
13106-519, and P.L. 106-554,
".
SB55-ASA1-AA1,578,15 14942. Page 719, line 1: delete "excluding sections 162 and 165 of P.L.
15106-554,
".
SB55-ASA1-AA1,578,17 16943. Page 719, line 3: delete the material beginning with "and P.L." and
17ending with "106-554," on line 4 and substitute "P.L. 106-519, and 106-554".
SB55-ASA1-AA1,578,19 18944. Page 719, line 14: delete that line and substitute "and , P.L. 106-170, P.L.
19106-519, P.L. 106-554, and
".
SB55-ASA1-AA1,578,21 20945. Page 719, line 23: delete that line and substitute "P.L. 106-519, P.L.
21106-554, and P.L. 106-573
. The".
SB55-ASA1-AA1,578,23 22946. Page 720, line 4: delete "P.L. 106-554, excluding sections 162 and" and
23substitute "P.L. 106-519,".
SB55-ASA1-AA1,579,1
1947. Page 720, line 5: delete "165 of".
SB55-ASA1-AA1,579,3 2948. Page 720, line 7: delete "P.L. 106-554, excluding sections 162 and" and
3substitute "P.L. 106-519,".
SB55-ASA1-AA1,579,4 4949. Page 720, line 8: delete "165 of".
SB55-ASA1-AA1,579,6 5950. Page 720, line 18: delete "106-554, excluding sections 162 and 165 of P.L.
6106-554
" and substitute "106-519, P.L. 106-554".
SB55-ASA1-AA1,579,8 7951. Page 721, line 2: delete "106-554, excluding sections 162 and 165 of P.L.
8106-554
" and substitute "106-519, P.L. 106-554".
SB55-ASA1-AA1,579,10 9952. Page 721, line 8: delete "106-554, excluding sections 162 and 165 of P.L.
10106-554
" and substitute "106-519, P.L. 106-554".
SB55-ASA1-AA1,579,11 11953. Page 721, line 10: after "106-230," insert "P.L. 106-519,".
SB55-ASA1-AA1,579,13 12954. Page 721, line 11: delete "excluding sections 162 and 165 of P.L.
13106-554,
".
SB55-ASA1-AA1,579,14 14955. Page 721, line 20: after "106-230," insert "P.L. 106-519,".
SB55-ASA1-AA1,579,15 15956. Page 721, line 20: delete "excluding".
SB55-ASA1-AA1,579,16 16957. Page 721, line 21: delete "sections 162 and 165 of P.L. 106-554,".
SB55-ASA1-AA1,579,17 17958. Page 722, line 4: after "106-230," insert "P.L. 106-519,".
SB55-ASA1-AA1,579,19 18959. Page 722, line 5: delete "excluding sections 162 and 165 of P.L.
19106-554,
".
SB55-ASA1-AA1,579,20 20960. Page 722, line 10: after "106-230," insert "P.L. 106-519,".
SB55-ASA1-AA1,579,22 21961. Page 722, line 11: delete "excluding sections 162 and 165 of P.L.
22106-554,
".
SB55-ASA1-AA1,580,1
1962. Page 722, line 13: after "106-230," insert "P.L. 106-519,".
SB55-ASA1-AA1,580,3 2963. Page 722, line 13: delete "excluding sections 162 and 165 of P.L.
3106-554,
".
SB55-ASA1-AA1,580,4 4964. Page 723, line 5: after "106-230," insert "P.L. 106-519,".
SB55-ASA1-AA1,580,6 5965. Page 723, line 5: delete "excluding sections 162 and 165 of P.L.
6106-554,".
SB55-ASA1-AA1,580,7 7966. Page 723, line 9: after that line insert:
SB55-ASA1-AA1,580,8 8" Section 2130ds. 71.01 (6) (pm) of the statutes is created to read:
SB55-ASA1-AA1,580,189 71.01 (6) (pm) For taxable years beginning after December 31, 2000, and before
10January 1, 2002, for natural persons, fiduciaries, except fiduciaries of nuclear
11decommissioning trust or reserve funds, "Internal Revenue Code" means the federal
12Internal Revenue Code as amended by sections 411, 412 (a), 611 (a), 635, 636 (b), 641
13to 646, 655, 658, and 701 of P.L. 107-16 and as indirectly affected by sections 411,
14412 (a), 611 (a), 635, 636 (b), 641 to 646, 655, 658, and 701 of P.L. 107-16. The Internal
15Revenue Code applies for Wisconsin purposes at the same time as for federal
16purposes. Amendments to the federal Internal Revenue Code enacted after June 30,
172001, do not apply to this paragraph with respect to taxable years beginning after
18December 31, 2000, and before January 1, 2002.".
SB55-ASA1-AA1,580,19 19967. Page 728, line 17: after that line insert:
SB55-ASA1-AA1,580,20 20" Section 2142m. 71.05 (1) (am) of the statutes is created to read:
SB55-ASA1-AA1,580,2321 71.05 (1) (am) Military retirement systems. All retirement payments, other
22than surviving spouse benefits, received from the U.S. military employee retirement
23system, to the extent that such payments are not exempt under par. (a).
SB55-ASA1-AA1, s. 2142n 24Section 2142n. 71.05 (1) (an) of the statutes is created to read:
SB55-ASA1-AA1,581,5
171.05 (1) (an) Uniformed services retirement benefits. All retirement payments
2received by an individual from the U.S. government that relate to the individual's
3service with the coast guard, the commissioned corps of the national oceanic and
4atmospheric administration, or the commissioned corps of the public health service,
5to the extent that such payments are not exempt under par. (a) or (am).".
SB55-ASA1-AA1,581,6 6968. Page 728, line 20: after "(3s)" insert ", and (5d)".
SB55-ASA1-AA1,581,7 7969. Page 728, line 20: delete "and (3s)" and substitute "(3s), and (5r)".
SB55-ASA1-AA1,581,9 8970. Page 728, line 20: delete that line and substitute "(2di), (2dj), (2dL),
9(2dm) (2dr), (2ds), (2dx) and, (3g), (3s), and (5s) and not passed through".
SB55-ASA1-AA1,581,10 10971. Page 728, line 23: after that line insert:
SB55-ASA1-AA1,581,11 11" Section 2143v. 71.05 (11) (a) of the statutes is amended to read:
SB55-ASA1-AA1,582,1212 71.05 (11) (a) The federal adjusted basis at the end of the calendar year 1968
13or corresponding fiscal year of waste treatment plant or pollution abatement
14equipment acquired pursuant to order or recommendation of the committee on water
15pollution, state board of health, city council, village board or county board pursuant
16to s. 59.07 (53) or (85), 1971 stats., may be treated as a subtraction modification on
17the return of the calendar year 1969 or corresponding fiscal year but not in later
18years. In case of such subtraction an add modification shall be made in 1969 and
19later taxable years to reverse federal depreciation or amortization of such basis or
20to correct gain or loss on disposition. The cost of such plant or equipment acquired
21in 1969 or thereafter pursuant to order, recommendation or approval of the
22committee on water pollution, department of resource development, department of
23natural resources fish, wildlife, parks, and forestry, department of environmental
24management
, state board of health, city council, village board, or county board

1pursuant to s. 59.07 (53) or (85), 1971 stats., (less any federal depreciation or
2amortization taken) may be deducted as a subtraction modification or as subtraction
3modifications in the year or years in which paid or accrued, dependent on the method
4of accounting employed. In case of such election, appropriate add modifications shall
5be made in subsequent years to reverse federal depreciation or amortization or to
6correct gain or loss on disposition. This paragraph is intended to apply only to
7depreciable property except that where wastes are disposed of through a lagoon
8process, lagooning costs and the cost of land containing such lagoons may be treated
9as depreciable property for purposes of this paragraph. In no event may any amount
10in excess of cost be deducted. The taxpayer shall file with the department copies of
11all recommendations, orders or approvals relating to installation of such property
12and such other documents or data relating thereto as the department requests.".
SB55-ASA1-AA1,582,13 13972. Page 728, line 23: after that line insert:
SB55-ASA1-AA1,582,15 14" Section 2143r. 71.05 (6) (b) 32. (intro.) of the statutes, as created by 1999
15Wisconsin Act 44
, is amended to read:
SB55-ASA1-AA1,582,1916 71.05 (6) (b) 32. (intro.) An amount paid into a college savings account, as
17described in s. 14.64, if the beneficiary of the account either is the claimant or; is the
18claimant's child and the claimant's dependent who is claimed under section 151 (c)
19of the Internal Revenue Code,; or is the claimant's grandchild; calculated as follows:
SB55-ASA1-AA1, s. 2143rm 20Section 2143rm. 71.05 (6) (b) 32. a. of the statutes, as created by 1999
21Wisconsin Act 44
, is amended to read:
SB55-ASA1-AA1,583,1322 71.05 (6) (b) 32. a. An amount equal to not more than $3,000 per beneficiary
23by a claimant for contributions to an account
for each year to which the claim relates,
24except that the total amount for which a deduction may be claimed under this

1subdivision and under subd. 33., per beneficiary by any claimant may not exceed
2$3,000 each year. The deduction limit under this subdivision for a married couple
3that files a joint income tax return is $3,000 per beneficiary for each year. The total
4deduction that may be claimed by a married couple under this subdivision and under
5subd. 33., per beneficiary, is $3,000 each year if the couple files a joint income tax
6return. The deduction limit under this subdivision for a grandparent is $1,500 per
7beneficiary for each year, or $3,000 if the grandparent is widowed or a widower. The
8total deduction that may be claimed by a grandmother and a grandfather who are
9married to each other, or by a grandparent who is widowed or a widower, under this
10subdivision and under subd. 33., per beneficiary, is $3,000 each year. The total
11deduction that may be claimed by a grandmother and a grandfather, who are not
12married to each other, under this subdivision and under subd. 33., per beneficiary,
13is $3,000 each year
.
SB55-ASA1-AA1, s. 2143s 14Section 2143s. 71.05 (6) (b) 33. (intro.) of the statutes, as created by 1999
15Wisconsin Act 44
, is amended to read:
SB55-ASA1-AA1,583,2016 71.05 (6) (b) 33. (intro.) An amount paid into a college tuition and expenses
17program, as described in s. 14.63, if the beneficiary of the account either is the
18claimant or; is the claimant's child and the claimant's dependent who is claimed
19under section 151 (c) of the Internal Revenue Code,; or is the claimant's grandchild;
20calculated as follows:
SB55-ASA1-AA1, s. 2143sm 21Section 2143sm. 71.05 (6) (b) 33. a. of the statutes, as created by 1999
22Wisconsin Act 44
, is amended to read:
SB55-ASA1-AA1,584,1223 71.05 (6) (b) 33. a. An amount equal to not more than $3,000 per beneficiary
24by a claimant for contributions to an account for each year to which the claim relates,
25except that the total amount for which a deduction may be claimed under this

1subdivision and under subd. 32., per beneficiary by any claimant may not exceed
2$3,000 each year. The deduction limit under this subdivision for a married couple
3that files a joint income tax return is $3,000 per beneficiary for each year. The total
4deduction that may be claimed by a married couple under this subdivision and under
5subd. 32., per beneficiary, is $3,000 each year if the couple files a joint income tax
6return. The deduction limit under this subdivision for a grandparent is $1,500 per
7beneficiary for each year, or $3,000 if the grandparent is widowed or a widower. The
8total deduction that may be claimed by a grandmother and a grandfather, or by a
9grandparent who is widowed or a widower, under this subdivision and under subd.
1032., per beneficiary, is $3,000 each year. The total deduction that may be claimed by
11a grandmother and a grandfather, who are not married to each other, under this
12subdivision and under subd. 32., per beneficiary, is $3,000 each year
.".
SB55-ASA1-AA1,584,13 13973. Page 728, line 23: after that line insert:
SB55-ASA1-AA1,584,14 14" Section 2143e. 71.05 (6) (b) 21. of the statutes is amended to read:
SB55-ASA1-AA1,584,1815 71.05 (6) (b) 21. The difference between the amount of social security benefits
16included in federal adjusted gross income for the current year and the amount as
17calculated under section 86 of the internal revenue code as that section existed on
18December 31, 1992
Internal Revenue Code.".
SB55-ASA1-AA1,584,19 19974. Page 728, line 23: after that line insert:
SB55-ASA1-AA1,584,20 20" Section 2143d. 71.05 (6) (b) 20. (intro.) of the statutes is amended to read:
SB55-ASA1-AA1,585,221 71.05 (6) (b) 20. (intro.) For taxable years beginning on or after January 1,
221995, and before January 1, 2002, an amount paid by a person who is the employee
23of another person if the person's employer pays no amount of money toward the

1person's medical care insurance, for medical care insurance for the person, his or her
2spouse and the person's dependents, calculated as follows:
SB55-ASA1-AA1, s. 2143ss 3Section 2143ss. 71.05 (6) (b) 34. of the statutes is created to read:
SB55-ASA1-AA1,585,94 71.05 (6) (b) 34. For taxable years beginning after December 31, 2001, an
5amount paid by an individual, other than a person to whom subd. 19. applies, who
6has no employer or who is the employee of another person if the individual's employer
7pays no amount of money toward the individual's medical care insurance, for medical
8care insurance for the individual, his or her spouse, and the individual's dependents,
9calculated as follows:
SB55-ASA1-AA1,585,1810 a. One hundred percent of the amount paid by the individual for medical care
11insurance. In this subdivision, "medical care insurance" means a medical care
12insurance policy that covers the individual, his or her spouse, and the individual's
13dependents and provides surgical, medical, hospital, major medical, or other health
14service coverage, and includes payments made for medical care benefits under a
15self-insured plan, but "medical care insurance" does not include hospital indemnity
16policies or policies with ancillary benefits such as accident benefits or benefits for loss
17of income resulting from a total or partial inability to work because of illness,
18sickness, or injury.
SB55-ASA1-AA1,585,2119 b. From the amount calculated under subd. 34. a., subtract the amounts
20deducted from gross income for medical care insurance in the calculation of federal
21adjusted gross income.
SB55-ASA1-AA1,586,822 c. For an individual who is a nonresident or part-year resident of this state,
23multiply the amount calculated under subd. 34. a. or b., by a fraction the numerator
24of which is the individual's wages, salary, tips, unearned income, and net earnings
25from a trade or business that are taxable by this state and the denominator of which

1is the individual's total wages, salary, tips, unearned income, and net earnings from
2a trade or business. In this subd. 34. c., for married persons filing separately "wages,
3salary, tips, unearned income, and net earnings from a trade or business" means the
4separate wages, salary, tips, unearned income, and net earnings from a trade or
5business of each spouse, and for married persons filing jointly "wages, salary, tips,
6unearned income, and net earnings from a trade or business" means the total wages,
7salary, tips, unearned income, and net earnings from a trade or business of both
8spouses.
SB55-ASA1-AA1,586,119 d. Reduce the amount calculated under subd. 34. a., b., or c. to the individual's
10aggregate wages, salary, tips, unearned income, and net earnings from a trade or
11business that are taxable by this state.".
SB55-ASA1-AA1,586,12 12975. Page 730, line 23: after "(5)" insert "or 560.798 (3)".
SB55-ASA1-AA1,586,13 13976. Page 731, line 2: after "(e)" insert "or 560.798".
SB55-ASA1-AA1,586,14 14977. Page 732, line 16: after "(5)" insert "or 560.798 (3)".
SB55-ASA1-AA1,586,15 15978. Page 733, line 18: after "(5)" insert "or 560.798 (3)".
SB55-ASA1-AA1,586,16 16979. Page 734, line 2: after "(5)" insert "or 560.798 (3)".
SB55-ASA1-AA1,586,17 17980. Page 734, line 8: after that line insert:
SB55-ASA1-AA1,586,18 18" Section 2146m. 71.07 (2dx) (a) 2. of the statutes is amended to read:
SB55-ASA1-AA1,586,2219 71.07 (2dx) (a) 2. "Development zone" means a development zone under s.
20560.70, a development opportunity zone under s. 560.795 or , an enterprise
21development zone under s. 560.797, or an agricultural development zone under s.
22560.798
.".
SB55-ASA1-AA1,586,23 23981. Page 734, line 22: after that line insert:
SB55-ASA1-AA1,586,24 24" Section 2147d. 71.07 (2dx) (b) (intro.) of the statutes is amended to read:
SB55-ASA1-AA1,587,5
171.07 (2dx) (b) Credit. (intro.) Except as provided in s. 73.03 (35) and subject
2to s. 560.785, for any taxable year for which the person is entitled under s. 560.795
3(3) to claim tax benefits or certified under s. 560.765 (3) or, 560.797 (4) or 560.798 (3),
4any person may claim as a credit against taxes imposed on the person's income from
5the person's business activities in a development zone the following amounts:
SB55-ASA1-AA1, s. 2147g 6Section 2147g. 71.07 (2dx) (c) of the statutes is amended to read:
SB55-ASA1-AA1,587,167 71.07 (2dx) (c) Credit precluded. If the certification of a person for tax benefits
8under s. 560.765 (3) or, 560.797 (4) or 560.798 (3) is revoked, or if the person becomes
9ineligible for tax benefits under s. 560.795 (3), that person may not claim credits
10under this subsection for the taxable year that includes the day on which the
11certification is revoked; the taxable year that includes the day on which the person
12becomes ineligible for tax benefits; or succeeding taxable years and that person may
13not carry over unused credits from previous years to offset tax under this chapter for
14the taxable year that includes the day on which certification is revoked; the taxable
15year that includes the day on which the person becomes ineligible for tax benefits;
16or succeeding taxable years.
SB55-ASA1-AA1, s. 2147h 17Section 2147h. 71.07 (2dx) (d) of the statutes is amended to read:
SB55-ASA1-AA1,587,2418 71.07 (2dx) (d) Carry-over precluded. If a person who is entitled under s.
19560.795 (3) to claim tax benefits or certified under s. 560.765 (3) or, 560.797 (4) or
20560.798 (3)
for tax benefits ceases business operations in the development zone
21during any of the taxable years that that zone exists, that person may not carry over
22to any taxable year following the year during which operations cease any unused
23credits from the taxable year during which operations cease or from previous taxable
24years.".
SB55-ASA1-AA1,588,1
1982. Page 735, line 20: after that line insert:
SB55-ASA1-AA1,588,2 2" Section 2148m. 71.07 (5r) of the statutes is created to read:
SB55-ASA1-AA1,588,33 71.07 (5r) Education credit. (a) In this subsection:
SB55-ASA1-AA1,588,64 1. "Claimant" means a sole proprietor, a partner, a member of a limited liability
5company, or a shareholder of a tax-option corporation who files a claim under this
6subsection.
SB55-ASA1-AA1,588,87 2. "Degree-granting program" means an educational program for which an
8associate, a bachelor's, or a graduate degree is awarded upon successful completion.
SB55-ASA1-AA1,588,99 3. "Family member" has the meaning given in s. 157.061 (7).
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