SB55-ASA1-AA1,606,519
71.22
(4m) (nd) For taxable years beginning after December 31, 2000, and
20before January 1, 2002, for corporations that are subject to a tax on unrelated
21business income under s. 71.26 (1) (a), "Internal Revenue Code" means the federal
22Internal Revenue Code as amended by sections 411, 412 (a), 611 (a), 635, 636 (b), 641
23to 646, 655, 658, and 701 of P.L.
107-16 and as indirectly affected by sections 411,
1412 (a), 611 (a), 635, 636 (b), 641 to 646, 655, 658, and 701 of P.L.
107-16. The Internal
2Revenue Code applies for Wisconsin purposes at the same time as for federal
3purposes. Amendments to the federal Internal Revenue Code enacted after June 30,
42001, do not apply to this paragraph with respect to taxable years beginning after
5December 31, 2000, and before January 1, 2002.".
SB55-ASA1-AA1,606,11
101091. Page 769, line 1: delete that line and substitute "(1ds)
and
, (1dx)
, (3g),
11(5d), (5r), and (5s) and not passed through by a partnership, limited liability".
SB55-ASA1-AA1,613,917
71.26
(2) (b) 16m. For taxable years beginning after December 31, 2000, and
18before January 1, 2002, for a corporation, conduit, or common law trust that qualifies
19as a regulated investment company, real estate mortgage investment conduit, real
20estate investment trust, or financial asset securitization investment trust under the
21Internal Revenue Code as amended to June 30, 2001, "net income" means the federal
22regulated investment company taxable income, federal real estate mortgage
23investment conduit taxable income, federal real estate investment trust or financial
1asset securitization investment trust taxable income of the corporation, conduit, or
2trust as determined under the federal Internal Revenue Code as amended by
3sections 411, 412 (a), 611 (a), 635, 636 (b), 641 to 646, 655, 658, and 701 of P.L.
107-16 4and as indirectly affected by sections 411, 412 (a), 611 (a), 635, 636 (b), 641 to 646,
5655, 658, and 701 of P.L.
107-16. The Internal Revenue Code applies for Wisconsin
6purposes at the same time as for federal purposes. Amendments to the federal
7Internal Revenue Code enacted after June 30, 2001, do not apply to this subdivision
8with respect to taxable years beginning after December 31, 2000, and before January
91, 2002.".