SB55-ASA1, s. 2175dh 7Section 2175dh. 71.26 (2) (b) 15. of the statutes is amended to read:
SB55-ASA1,791,238 71.26 (2) (b) 15. For taxable years that begin after December 31, 1999, and
9before January 1, 2001,
for a corporation, conduit or common law trust which
10qualifies as a regulated investment company, real estate mortgage investment
11conduit, real estate investment trust or financial asset securitization investment
12trust under the Internal Revenue Code as amended to December 31, 1999, excluding
13sections 103, 104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d),
1413174, and 13203 (d) of P.L. 103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311, and
151605 (d) of P.L. 104-188, and as amended by P.L. 106-200, P.L. 106-230, P.L.
16106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573
, and as
17indirectly affected in the provisions applicable to this subchapter by P.L. 99-514, P.L.
18100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L.
19101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L.
20102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d),
2113174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L.
22104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
23(d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L.
24105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36 and, P.L. 106-170, P.L. 106-200,
25P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.

1106-573
, "net income" means the federal regulated investment company taxable
2income, federal real estate mortgage investment conduit taxable income, federal real
3estate investment trust or financial asset securitization investment trust taxable
4income of the corporation, conduit or trust as determined under the Internal
5Revenue Code as amended to December 31, 1999, excluding sections 103, 104, and
6110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
7103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188,
8and as amended by P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding sections 162
9and 165 of P.L. 106-554, and P.L. 106-573
, and as indirectly affected in the
10provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647,
11P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227,
12excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L.
13103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
14103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188,
15excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L.
16104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L. 105-206, P.L.
17105-277, P.L. 106-36 and, P.L. 106-170, P.L. 106-200, P.L. 106-230, P.L. 106-554,
18excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573
, except that
19property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated
20for taxable years 1983 to 1986 under the Internal Revenue Code as amended to
21December 31, 1980, shall continue to be depreciated under the Internal Revenue
22Code as amended to December 31, 1980, and except that the appropriate amount
23shall be added or subtracted to reflect differences between the depreciation or
24adjusted basis for federal income tax purposes and the depreciation or adjusted basis
25under this chapter of any property disposed of during the taxable year. The Internal

1Revenue Code as amended to December 31, 1999, excluding sections 103, 104, and
2110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
3103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188,
4and as amended by P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding sections 162
5and 165 of P.L. 106-554, and P.L. 106-573
, and as indirectly affected in the
6provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647,
7P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227,
8excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L.
9103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
10103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188,
11excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L.
12104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L. 105-206, P.L.
13105-277, P.L. 106-36 and, P.L. 106-170, P.L. 106-200, P.L. 106-230, P.L. 106-554,
14excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573
, applies for
15Wisconsin purposes at the same time as for federal purposes. Amendments to the
16Internal Revenue Code enacted after December 31, 1999, do not apply to this
17subdivision with respect to taxable years that begin after December 31, 1999, and
18before January 1, 2001, except that changes to the Internal Revenue Code made by
19P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L.
20106-554, and P.L. 106-573 and changes that indirectly affect the provisions
21applicable to this subchapter made by P.L. 106-200, P.L. 106-230, P.L. 106-554,
22excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573 apply for Wisconsin
23purposes at the same time as for federal purposes
.
SB55-ASA1, s. 2175dj 24Section 2175dj. 71.26 (2) (b) 16. of the statutes is created to read:
SB55-ASA1,794,5
171.26 (2) (b) 16. For taxable years that begin after December 31, 2000, for a
2corporation, conduit, or common law trust which qualifies as a regulated investment
3company, real estate mortgage investment conduit, real estate investment trust, or
4financial asset securitization investment trust under the Internal Revenue Code as
5amended to December 31, 2000, excluding sections 103, 104, and 110 of P.L. 102-227,
6sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66 and sections
71123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188 and as indirectly
8affected in the provisions applicable to this subchapter 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. 101-508,
10P.L. 102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L.
11102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and
1213203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L.
13104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
14104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L.
15105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L. 106-200, P.L. 106-230, P.L.
16106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573, "net
17income" means the federal regulated investment company taxable income, federal
18real estate mortgage investment conduit taxable income, federal real estate
19investment trust or financial asset securitization investment trust taxable income
20of the corporation, conduit, or trust as determined under the Internal Revenue Code
21as amended to December 31, 2000, excluding sections 103, 104, and 110 of P.L.
22102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66
23and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, and as
24indirectly affected in the provisions applicable to this subchapter by P.L. 99-514, P.L.
25100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L.

1101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L.
2102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d),
313174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L.
4104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
5(d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L.
6105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L. 106-200, P.L.
7106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
8106-573, except that property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is
9required to be depreciated for taxable years 1983 to 1986 under the Internal Revenue
10Code as amended to December 31, 1980, shall continue to be depreciated under the
11Internal Revenue Code as amended to December 31, 1980, and except that the
12appropriate amount shall be added or subtracted to reflect differences between the
13depreciation or adjusted basis for federal income tax purposes and the depreciation
14or adjusted basis under this chapter of any property disposed of during the taxable
15year. The Internal Revenue Code as amended to December 31, 2000, excluding
16sections 103, 104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d),
1713174, and 13203 (d) of P.L. 103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311,
18and 1605 (d) of P.L. 104-188, and as indirectly affected in the provisions applicable
19to this subchapter 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. 101-508, P.L. 102-227, excluding sections
21103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding
22sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L.
23103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188, excluding sections
241123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L. 104-191, P.L.
25104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L.

1106-36, P.L. 106-170, P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding sections
2162 and 165 of P.L. 106-554, and P.L. 106-573, applies for Wisconsin purposes at the
3same time as for federal purposes. Amendments to the Internal Revenue Code
4enacted after December 31, 2000, do not apply to this subdivision with respect to
5taxable years that begin after December 31, 2000.
SB55-ASA1, s. 1189 6Section 1189. 71.26 (3) (n) of the statutes is amended to read:
SB55-ASA1,794,107 71.26 (3) (n) Sections 381, 382 and 383 (relating to carry-overs in certain
8corporate acquisitions) are modified so that they apply to losses under sub. (4) and
9credits under s. 71.28 (1di), (1dL), (1dm), (1dx) and, (3) to, (4), and (5) instead of to
10federal credits and federal net operating losses.
SB55-ASA1, s. 2176d 11Section 2176d. 71.26 (3) (y) of the statutes is amended to read:
SB55-ASA1,794,2212 71.26 (3) (y) A corporation may compute amortization and depreciation under
13either the federal Internal Revenue Code as amended to December 31, 1999 2000,
14or the federal Internal Revenue Code in effect for the taxable year for which the
15return is filed, except that property first placed in service by the taxpayer on or after
16January 1, 1983, but before January 1, 1987, that, under s. 71.04 (15) (b) and (br),
171985 stats., is required to be depreciated under the Internal Revenue Code as
18amended to December 31, 1980, and property first placed in service in taxable year
191981 or thereafter but before January 1, 1987, that, under s. 71.04 (15) (bm), 1985
20stats., is required to be depreciated under the Internal Revenue Code as amended
21to December 31, 1980, shall continue to be depreciated under the Internal Revenue
22Code as amended to December 31, 1980.
SB55-ASA1, s. 1190 23Section 1190. 71.28 (1dm) of the statutes is created to read:
SB55-ASA1,794,2524 71.28 (1dm) Development zone capital investment credit. (a) In this
25subsection:
SB55-ASA1,795,2
11. "Certified" means entitled under s. 560.795 (3) (a) 4. to claim tax benefits or
2certified under s. 560.795 (5).
SB55-ASA1,795,33 2. "Claimant" means a person who files a claim under this subsection.
SB55-ASA1,795,54 3. "Development zone" means a development opportunity zone under s. 560.795
5(1) (e).
SB55-ASA1,795,146 4. "Previously owned property" means real property that the claimant or a
7related person owned during the 2 years prior to the department of commerce
8designating the place where the property is located as a development zone and for
9which the claimant may not deduct a loss from the sale of the property to, or an
10exchange of the property with, the related person under section 267 of the Internal
11Revenue Code, except that section 267 (b) of the Internal Revenue Code is modified
12so that if the claimant owns any part of the property, rather than 50% ownership, the
13claimant is subject to section 267 (a) (1) of the Internal Revenue Code for purposes
14of this subsection.
SB55-ASA1,795,1815 (b) Subject to the limitations provided in this subsection and in s. 73.03 (35),
16for any taxable year for which the claimant is certified, a claimant may claim as a
17credit against the taxes imposed under s. 71.23 an amount that is equal to 3% of the
18following:
SB55-ASA1,795,1919 1. The purchase price of depreciable, tangible personal property.
SB55-ASA1,795,2120 2. The amount expended to acquire, construct, rehabilitate, remodel, or repair
21real property in a development zone.
SB55-ASA1,796,222 (c) A claimant may claim the credit under par. (b) 1., if the tangible personal
23property is purchased after the claimant is certified and the personal property is
24used for at least 50% of its use in the claimant's business at a location in a

1development zone or, if the property is mobile, the property's base of operations for
2at least 50% of its use is at a location in a development zone.
SB55-ASA1,796,113 (d) A claimant may claim the credit under par. (b) 2. for an amount expended
4to construct, rehabilitate, remodel, or repair real property, if the claimant began the
5physical work of construction, rehabilitation, remodeling, or repair, or any
6demolition or destruction in preparation for the physical work, after the place where
7the property is located was designated a development zone, or if the completed
8project is placed in service after the claimant is certified. In this paragraph, "physical
9work" does not include preliminary activities such as planning, designing, securing
10financing, researching, developing specifications, or stabilizing the property to
11prevent deterioration.
SB55-ASA1,796,1612 (e) A claimant may claim the credit under par. (b) 2. for an amount expended
13to acquire real property, if the property is not previously owned property and if the
14claimant acquires the property after the place where the property is located was
15designated a development zone, or if the completed project is placed in service after
16the claimant is certified.
SB55-ASA1,796,1817 (f) No credit may be allowed under this subsection unless the claimant includes
18with the claimant's return:
SB55-ASA1,796,2019 1. A copy of a verification from the department of commerce that the claimant
20may claim tax benefits under s. 560.795 (3) (a) 4. or is certified under s. 560.795 (5).
SB55-ASA1,796,2321 2. A statement from the department of commerce verifying the purchase price
22of the investment and verifying that the investment fulfills the requirements under
23par. (b).
SB55-ASA1,797,324 (g) In calculating the credit under par. (b) a claimant shall reduce the amount
25expended to acquire property by a percentage equal to the percentage of the area of

1the real property not used for the purposes for which the claimant is certified and
2shall reduce the amount expended for other purposes by the amount expended on the
3part of the property not used for the purposes for which the claimant is certified.
SB55-ASA1,797,54 (h) The carry-over provisions of sub. (4) (e) and (f) as they relate to the credit
5under sub. (4) relate to the credit under this subsection.
SB55-ASA1,797,186 (i) Partnerships, limited liability companies, and tax-option corporations may
7not claim the credit under this subsection, but the eligibility for, and the amount of,
8that credit shall be determined on the basis of their economic activity, not that of their
9shareholders, partners, or members. The corporation, partnership, or limited
10liability company shall compute the amount of credit that may be claimed by each
11of its shareholders, partners, or members and provide that information to its
12shareholders, partners, or members. Partners, members of limited liability
13companies, and shareholders of tax-option corporations may claim the credit based
14on the partnership's, company's, or corporation's activities in proportion to their
15ownership interest and may offset it against the tax attributable to their income from
16the partnership's, company's, or corporation's business operations in the
17development zone and against the tax attributable to their income from the
18partnership's, company's, or corporation's directly related business operations.
SB55-ASA1,798,219 (j) If a person who is entitled under s. 560.795 (3) (a) 4. to claim tax benefits
20becomes ineligible for such tax benefits, or if a person's certification under s. 560.795
21(5) is revoked, that person may claim no credits under this subsection for the taxable
22year that includes the day on which the person becomes ineligible for tax benefits,
23the taxable year that includes the day on which the certification is revoked, or
24succeeding taxable years, and that person may carry over no unused credits from
25previous years to offset tax under this chapter for the taxable year that includes the

1day on which the person becomes ineligible for tax benefits, the taxable year that
2includes the day on which the certification is revoked, or succeeding taxable years.
SB55-ASA1,798,83 (k) If a person who is entitled under s. 560.795 (3) (a) 4. to claim tax benefits
4or certified under s. 560.795 (5) ceases business operations in the development zone
5during any of the taxable years that that zone exists, that person may not carry over
6to any taxable year following the year during which operations cease any unused
7credits from the taxable year during which operations cease or from previous taxable
8years.
SB55-ASA1,798,109 (L) Subsection (4) (g) and (h) as it applies to the credit under sub. (4) applies
10to the credit under this subsection.
SB55-ASA1, s. 1191 11Section 1191. 71.28 (1dx) (a) 5. of the statutes is amended to read:
SB55-ASA1,798,2412 71.28 (1dx) (a) 5. "Member of a targeted group" means a person under sub. (2dj)
13(am) 1.,
a person who resides in an empowerment zone, or an enterprise community,
14that the U.S. government designates, a person who is employed in an unsubsidized
15job but meets the eligibility requirements under s. 49.145 (2) and (3) for a Wisconsin
16works employment position, a person who is employed in a trial job, as defined in s.
1749.141 (1) (n), or a person who is eligible for child care assistance under s. 49.155, a
18person who is a vocational rehabilitation referral, an economically disadvantaged
19youth, an economically disadvantaged veteran, a supplemental security income
20recipient, a general assistance recipient, an economically disadvantaged ex-convict,
21a qualified summer youth employee, as defined in 26 USC 51 (d) (7), a dislocated
22worker, as defined in 29 USC 2801 (9), or a food stamp recipient
; if the person has
23been certified in the manner under sub. (1dj) (am) 3. by a designated local agency,
24as defined in sub. (1dj) (am) 2.
SB55-ASA1, s. 1192 25Section 1192. 71.28 (3g) of the statutes is created to read:
SB55-ASA1,799,4
171.28 (3g) Technology zones credit. (a) Subject to the limitations under this
2subsection and ss. 73.03 (35m) and 560.96, a business that is certified under s. 560.96
3(3) may claim as a credit against the taxes imposed under s. 71.23 an amount equal
4to the sum of the following, as established under s. 560.96 (3) (c):
SB55-ASA1,799,65 1. The amount of real and personal property taxes imposed under s. 70.01 that
6the business paid in the taxable year.
SB55-ASA1,799,87 2. The amount of income and franchise taxes imposed under s. 71.23 that the
8business paid in the taxable year.
SB55-ASA1,799,109 3. The amount of sales and use taxes imposed under ss. 77.52, 77.53, and 77.71
10that the business paid in the taxable year.
SB55-ASA1,799,1211 (b) The department of revenue shall notify the department of commerce of all
12claims under this subsection.
SB55-ASA1,799,1413 (c) Subsection (4) (e), (f), (g), and (h), as it applies to the credit under sub. (4),
14applies to the credit under par. (a).
SB55-ASA1,799,2215 (d) Partnerships, limited liability companies, and tax-option corporations may
16not claim the credit under this subsection, but the eligibility for, and the amount of,
17the credit are based on their payment of amounts under par. (a). A partnership,
18limited liability company, or tax-option corporation shall compute the amount of
19credit that each of its partners, members, or shareholders may claim and shall
20provide that information to each of them. Partners, members of limited liability
21companies, and shareholders of tax-option corporations may claim the credit in
22proportion to their ownership interest.
SB55-ASA1, s. 1193 23Section 1193. 71.30 (3) (emb) of the statutes is created to read:
SB55-ASA1,799,2524 71.30 (3) (emb) Development zone capital investment credit under s. 71.28
25(1dm).
SB55-ASA1, s. 1194
1Section 1194. 71.30 (3) (eon) of the statutes is created to read:
SB55-ASA1,800,22 71.30 (3) (eon) Technology zones credit under s. 71.28 (3g).
SB55-ASA1, s. 1195 3Section 1195. 71.34 (1) (g) of the statutes is amended to read:
SB55-ASA1,800,64 71.34 (1) (g) An addition shall be made for credits computed by a tax-option
5corporation under s. 71.28 (1dd), (1de), (1di), (1dj), (1dL), (1dm), (1ds), (1dx) and, (3),
6and (3g)
and passed through to shareholders.
SB55-ASA1, s. 2182d 7Section 2182d. 71.34 (1g) (g) of the statutes is repealed.
SB55-ASA1, s. 2182db 8Section 2182db. 71.34 (1g) (h) of the statutes is amended to read:
SB55-ASA1,801,139 71.34 (1g) (h) "Internal Revenue Code" for tax-option corporations, for taxable
10years that begin after December 31, 1992, and before January 1, 1994, means the
11federal Internal Revenue Code as amended to December 31, 1992, excluding
12sections 103, 104 and 110 of P.L. 102-227, and as amended by P.L. 103-66, excluding
13sections 13101 (a) and (c) 1, 13113, 13150, 13171, 13174, and 13203 of P.L. 103-66,
14P.L. 103-465, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L. 105-34, P.L.
15105-206 and, P.L. 105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L.
16106-554
, and as indirectly affected in the provisions applicable to this subchapter
17by P.L. 99-514, P.L. 100-203, P.L. 100-647 excluding sections 803 (d) (2) (B), 805 (d)
18(2), 812 (c) (2), 821 (b) (2), and 823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of P.L.
19100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L.
20102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L.
21102-486, P.L. 103-66, excluding sections 13101 (a) and (c) 1, 13113, 13150, 13171,
2213174, and 13203 of P.L. 103-66, P.L. 103-465, P.L. 104-188, excluding section 1311
23of P.L. 104-188, P.L. 105-34, P.L. 105-206 and, P.L. 105-277, and P.L. 106-554,
24excluding sections 162 and 165 of P.L. 106-554
, except that section 1366 (f) (relating
25to pass-through of items to shareholders) is modified by substituting the tax under

1s. 71.35 for the taxes under sections 1374 and 1375. The Internal Revenue Code
2applies for Wisconsin purposes at the same time as for federal purposes.
3Amendments to the federal Internal Revenue Code enacted after
4December 31, 1992, do not apply to this paragraph with respect to taxable years
5beginning after December 31, 1992, and before January 1, 1994, except that
6changes to the Internal Revenue Code made by P.L. 103-66, P.L. 103-465, P.L.
7104-188, excluding section 1311 of P.L. 104-188, P.L. 105-34, P.L. 105-206 and, P.L.
8105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and
9changes that indirectly affect the provisions applicable to this subchapter made by
10P.L. 103-66, P.L. 103-465, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L.
11105-34, P.L. 105-206 and, P.L. 105-277, and P.L. 106-554, excluding sections 162
12and 165 of P.L. 106-554,
apply for Wisconsin purposes at the same time as for federal
13purposes.
SB55-ASA1, s. 2182dc 14Section 2182dc. 71.34 (1g) (i) of the statutes is amended to read:
SB55-ASA1,802,2315 71.34 (1g) (i) "Internal Revenue Code" for tax-option corporations, for taxable
16years that begin after December 31, 1993, and before January 1, 1995, means the
17federal Internal Revenue Code as amended to December 31, 1993, excluding
18sections 103, 104, and 110 of P.L. 102-227 and sections 13113, 13150 (d), 13171 (d),
1913174, 13203 (d), and 13215 of P.L. 103-66, and as amended by P.L. 103-296, P.L.
20103-337, P.L. 103-465, P.L. 104-7, excluding section 1 of P.L. 104-7, P.L. 104-188,
21excluding section 1311 of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-34, P.L.
22105-206 and, P.L. 105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L.
23106-554
, and as indirectly affected in the provisions applicable to this subchapter
24by P.L. 99-514, P.L. 100-203, P.L. 100-647 excluding sections 803 (d) (2) (B), 805 (d)
25(2), 812 (c) (2), 821 (b) (2), and 823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of P.L.

1100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L.
2102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L.
3102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, 13203
4(d), and 13215 of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7,
5excluding section 1 of P.L. 104-7, P.L. 104-188, excluding section 1311 of P.L.
6104-188, P.L. 104-191, P.L. 104-193, P.L. 105-34, P.L. 105-206 and, P.L. 105-277,
7and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554
, except that section
81366 (f) (relating to pass-through of items to shareholders) is modified by
9substituting the tax under s. 71.35 for the taxes under sections 1374 and 1375. The
10Internal Revenue Code applies for Wisconsin purposes at the same time as for federal
11purposes. Amendments to the federal Internal Revenue Code enacted after
12December 31, 1993, do not apply to this paragraph with respect to taxable years
13beginning after December 31, 1993, and before January 1, 1995, except that
14changes to the Internal Revenue Code made by P.L. 103-296, P.L. 103-337, P.L.
15103-465, P.L. 104-7, excluding section 1 of P.L. 104-7, P.L. 104-188, excluding
16section 1311 of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-34, P.L. 105-206
17and, P.L. 105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554,
18and changes that indirectly affect the provisions applicable to this subchapter made
19by P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, excluding section 1 of P.L.
20104-7, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L. 104-191, P.L.
21104-193, P.L. 105-34, P.L. 105-206 and, P.L. 105-277, and P.L. 106-554, excluding
22sections 162 and 165 of P.L. 106-554,
apply for Wisconsin purposes at the same time
23as for federal purposes.
SB55-ASA1, s. 2182dd 24Section 2182dd. 71.34 (1g) (j) of the statutes is amended to read:
SB55-ASA1,804,6
171.34 (1g) (j) "Internal Revenue Code" for tax-option corporations, for taxable
2years that begin after December 31, 1994, and before January 1, 1996, means the
3federal Internal Revenue Code as amended to December 31, 1994, excluding
4sections 103, 104, and 110 of P.L. 102-227 and sections 13113, 13150 (d), 13171 (d),
513174, and 13203 (d) of P.L. 103-66, and as amended by P.L. 104-7, P.L. 104-188,
6excluding sections 1202, 1204, 1311, and 1605 of P.L. 104-188, P.L. 104-191, P.L.
7104-193, P.L. 105-34, P.L. 105-206 and, P.L. 105-277, and P.L. 106-554, excluding
8sections 162 and 165 of P.L. 106-554
, and as indirectly affected in the provisions
9applicable to this subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647 excluding
10sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2), and 823 (c) (2) of P.L. 99-514
11and section 1008 (g) (5) of P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L.
12101-239, P.L. 101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L.
13102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150
14(d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L.
15103-465, P.L. 104-7, P.L. 104-188, excluding sections 1202, 1204, 1311, and 1605 of
16P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-34, P.L. 105-206 and, P.L.
17105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, except
18that section 1366 (f) (relating to pass-through of items to shareholders) is modified
19by substituting the tax under s. 71.35 for the taxes under sections 1374 and 1375.
20The Internal Revenue Code applies for Wisconsin purposes at the same time as for
21federal purposes. Amendments to the federal Internal Revenue Code enacted after
22December 31, 1994, do not apply to this paragraph with respect to taxable years
23beginning after December 31, 1994, and before January 1, 1996, except changes to
24the Internal Revenue Code made by P.L. 104-7, P.L. 104-188, excluding sections
251202, 1204, 1311, and 1605 of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-34,

1P.L. 105-206 and, P.L. 105-277, and P.L. 106-554, excluding sections 162 and 165
2of P.L. 106-554,
and changes that indirectly affect the provisions applicable to this
3subchapter made by P.L. 104-7, P.L. 104-188, excluding sections 1202, 1204, 1311
4and 1605 of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-34, P.L. 105-206 and,
5P.L. 105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554,
6apply for Wisconsin purposes at the same time as for federal purposes.
SB55-ASA1, s. 2182de 7Section 2182de. 71.34 (1g) (k) of the statutes is amended to read:
SB55-ASA1,805,148 71.34 (1g) (k) "Internal Revenue Code" for tax-option corporations, for taxable
9years that begin after December 31, 1995, and before January 1, 1997, means the
10federal Internal Revenue Code as amended to December 31, 1995, excluding
11sections 103, 104, and 110 of P.L. 102-227 and sections 13113, 13150 (d), 13171 (d),
1213174, and 13203 (d) of P.L. 103-66, and as amended by P.L. 104-188, excluding
13sections 1123, 1202, 1204, 1311, and 1605 of P.L. 104-188, P.L. 104-191, P.L.
14104-193, P.L. 105-33, P.L. 105-34, P.L. 105-206 and, P.L. 105-277, and P.L.
15106-554, excluding sections 162 and 165 of P.L. 106-554
, and as indirectly affected
16in the provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203, P.L.
17100-647 excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2), and 823
18(c) (2) of P.L. 99-514 and section 1008 (g) (5) of 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, excluding sections
20103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding
21sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L.
22103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188, excluding sections
231123, 1202, 1204, 1311, and 1605 of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L.
24105-33, P.L. 105-34, P.L. 105-206 and, P.L. 105-277, and P.L. 106-554, excluding
25sections 162 and 165 of P.L. 106-554
, except that section 1366 (f) (relating to

1pass-through of items to shareholders) is modified by substituting the tax under s.
271.35 for the taxes under sections 1374 and 1375. The Internal Revenue Code applies
3for Wisconsin purposes at the same time as for federal purposes. Amendments to the
4federal Internal Revenue Code enacted after December 31, 1995, do not apply to this
5paragraph with respect to taxable years beginning after December 31, 1995, and
6before January 1, 1997, except that changes to the Internal Revenue Code made by
7P.L. 104-188, excluding sections 1123, 1202, 1204, 1311, and 1605 of P.L. 104-188,
8P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L. 105-206 and, P.L.
9105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and
10changes that indirectly affect the provisions applicable to this subchapter made by
11P.L. 104-188, excluding sections 1123, 1202, 1204, 1311, and 1605 of P.L. 104-188,
12P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L. 105-206 and, P.L.
13105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, apply for
14Wisconsin purposes at the same time as for federal purposes.
SB55-ASA1, s. 2182df 15Section 2182df. 71.34 (1g) (L) of the statutes is amended to read:
SB55-ASA1,806,2016 71.34 (1g) (L) "Internal Revenue Code" for tax-option corporations, for taxable
17years that begin after December 31, 1996, and before January 1, 1998, means the
18federal Internal Revenue Code as amended to December 31, 1996, excluding
19sections 103, 104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d),
2013174, and 13203 (d) of P.L. 103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311, and
211605 (d) of P.L. 104-188, and as amended by P.L. 105-33, P.L. 105-34, P.L. 105-206,
22P.L. 105-277 and, P.L. 106-36, and P.L. 106-554, excluding sections 162 and 165 of
23P.L. 106-554
, and as indirectly affected in the provisions applicable to this
24subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647 excluding sections 803 (d) (2)
25(B), 805 (d) (2), 812 (c) (2), 821 (b) (2), and 823 (c) (2) of P.L. 99-514 and section 1008

1(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.
2101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L.
3102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d),
413174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L.
5104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
6(d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L.
7105-206, P.L. 105-277 and, P.L. 106-36, and P.L. 106-554, excluding sections 162
8and 165 of P.L. 106-554
, except that section 1366 (f) (relating to pass-through of
9items to shareholders) is modified by substituting the tax under s. 71.35 for the taxes
10under sections 1374 and 1375. The Internal Revenue Code applies for Wisconsin
11purposes at the same time as for federal purposes. Amendments to the federal
12Internal Revenue Code enacted after December 31, 1996, do not apply to this
13paragraph with respect to taxable years beginning after December 31, 1996, and
14before January 1, 1998, except that changes to the Internal Revenue Code made by
15P.L. 105-33, P.L. 105-34, P.L. 105-206, P.L. 105-277 and , P.L. 106-36, and P.L.
16106-554, excluding sections 162 and 165 of P.L. 106-554,
and changes that indirectly
17affect the provisions applicable to this subchapter made by P.L. 105-33, P.L. 105-34,
18P.L. 105-206, P.L. 105-277 and, P.L. 106-36, and P.L. 106-554, excluding sections
19162 and 165 of P.L. 106-554,
apply for Wisconsin purposes at the same time as for
20federal purposes.
SB55-ASA1, s. 2182dg 21Section 2182dg. 71.34 (1g) (m) of the statutes is amended to read:
SB55-ASA1,808,222 71.34 (1g) (m) "Internal Revenue Code" for tax-option corporations, for taxable
23years that begin after December 31, 1997, and before January 1, 1999, means the
24federal Internal Revenue Code as amended to December 31, 1997, excluding sections
25103, 104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174, and

113203 (d) of P.L. 103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d)
2of P.L. 104-188, and as amended by P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L.
3106-36 and, P.L. 106-170, P.L. 106-554, excluding sections 162 and 165 of P.L.
4106-554, and P.L. 106-573
, and as indirectly affected in the provisions applicable to
5this subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647 excluding sections 803
6(d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2), and 823 (c) (2) of P.L. 99-514 and section
71008 (g) (5) of P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239,
8P.L. 101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L.
9102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d),
1013174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L.
11104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
12(d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L.
13105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36 and, P.L. 106-170, P.L. 106-554,
14excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573
, except that section
151366 (f) (relating to pass-through of items to shareholders) is modified by
16substituting the tax under s. 71.35 for the taxes under sections 1374 and 1375. The
17Internal Revenue Code applies for Wisconsin purposes at the same time as for federal
18purposes. Amendments to the federal Internal Revenue Code enacted after
19December 31, 1997, do not apply to this paragraph with respect to taxable years
20beginning after December 31, 1997, and before January 1, 1999, except that
21changes to the Internal Revenue Code made by P.L. 105-178, P.L. 105-206, P.L.
22105-277, P.L. 106-36 and, P.L. 106-170, P.L. 106-554, excluding sections 162 and
23165 of P.L. 106-554, and P.L. 106-573
and changes that indirectly affect the
24provisions applicable to this subchapter made by P.L. 105-178, P.L. 105-206, P.L.
25105-277, P.L. 106-36 and, P.L. 106-170, P.L. 106-554, excluding sections 162 and

1165 of P.L. 106-554, and P.L. 106-573
apply for Wisconsin purposes at the same time
2as for federal purposes.
SB55-ASA1, s. 2182dh 3Section 2182dh. 71.34 (1g) (n) of the statutes is amended to read:
SB55-ASA1,809,84 71.34 (1g) (n) "Internal Revenue Code" for tax-option corporations, for taxable
5years that begin after December 31, 1998, and before January 1, 2000, means the
6federal Internal Revenue Code as amended to December 31, 1998, excluding sections
7103, 104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174, and
813203 (d) of P.L. 103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d)
9of P.L. 104-188, and as amended by P.L. 106-36 and, P.L. 106-170, P.L. 106-230, P.L.
10106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573
, and as
11indirectly affected in the provisions applicable to this subchapter by P.L. 99-514, P.L.
12100-203, P.L. 100-647, excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821
13(b) (2), and 823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of P.L. 100-647, P.L.
14101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227,
15excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L.
16103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
17103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188,
18excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L.
19104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L. 105-206, P.L.
20105-277, P.L. 106-36 and, P.L. 106-170, P.L. 106-230, P.L. 106-554, excluding
21sections 162 and 165 of P.L. 106-554, and P.L. 106-573
, except that section 1366 (f)
22(relating to pass-through of items to shareholders) is modified by substituting the
23tax under s. 71.35 for the taxes under sections 1374 and 1375. The Internal Revenue
24Code applies for Wisconsin purposes at the same time as for federal purposes.
25Amendments to the federal Internal Revenue Code enacted after December 31, 1998,

1do not apply to this paragraph with respect to taxable years beginning after
2December 31, 1998, and before January 1, 2000, except that changes to the Internal
3Revenue Code made by P.L. 106-36 and, P.L. 106-170, P.L. 106-230, P.L. 106-554,
4excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573
and changes that
5indirectly affect the provisions applicable to this subchapter made by P.L. 106-36
6and, P.L. 106-170, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L.
7106-554, and P.L. 106-573
apply for Wisconsin purposes at the same time as for
8federal purposes.
SB55-ASA1, s. 2182dj 9Section 2182dj. 71.34 (1g) (o) of the statutes is amended to read:
SB55-ASA1,810,1310 71.34 (1g) (o) "Internal Revenue Code" for tax-option corporations, for taxable
11years that begin after December 31, 1999, and before January 1, 2001, means the
12federal Internal Revenue Code as amended to December 31, 1999, excluding sections
13103, 104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174, and
1413203 (d) of P.L. 103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d)
15of P.L. 104-188, and as amended by P.L. 106-200, P.L. 106-230, P.L. 106-554,
16excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573
, and as indirectly
17affected in the provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203,
18P.L. 100-647, excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2), and
19823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of P.L. 100-647, P.L. 101-73, P.L.
20101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections
21103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding
22sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L.
23103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188, excluding sections
241123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L. 104-191, P.L.
25104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L.

1106-36 and, P.L. 106-170, P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding
2sections 162 and 165 of P.L. 106-554, and P.L. 106-573
, except that section 1366 (f)
3(relating to pass-through of items to shareholders) is modified by substituting the
4tax under s. 71.35 for the taxes under sections 1374 and 1375. The Internal Revenue
5Code applies for Wisconsin purposes at the same time as for federal purposes.
6Amendments to the federal Internal Revenue Code enacted after December 31, 1999,
7do not apply to this paragraph with respect to taxable years beginning after
8December 31, 1999, and before January 1, 2001, except that changes to the Internal
9Revenue Code made by P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding sections
10162 and 165 of P.L. 106-554, and P.L. 106-573 and changes that indirectly affect the
11provisions applicable to this subchapter made by P.L. 106-200, P.L. 106-230, P.L.
12106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573 apply for
13Wisconsin purposes at the same time as for federal purposes
.
SB55-ASA1, s. 2182dk 14Section 2182dk. 71.34 (1g) (p) of the statutes is created to read:
SB55-ASA1,811,1115 71.34 (1g) (p) "Internal Revenue Code" for tax-option corporations, for taxable
16years that begin after December 31, 2000, means the federal Internal Revenue Code
17as amended to December 31, 2000, excluding sections 103, 104, and 110 of P.L.
18102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66
19and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, and as
20indirectly affected in the provisions applicable to this subchapter by P.L. 99-514, P.L.
21100-203, P.L. 100-647, excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821
22(b) (2), and 823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of P.L. 100-647, P.L.
23101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227,
24excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L.
25103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.

1103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188,
2excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L.
3104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L. 105-206, P.L.
4105-277, P.L. 106-36, P.L. 106-170, P.L. 106-200, P.L. 106-230, P.L. 106-554,
5excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573, except that section
61366 (f) (relating to pass-through of items to shareholders) is modified by
7substituting the tax under s. 71.35 for the taxes under sections 1374 and 1375. 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, 2000, do not apply to this paragraph with respect to taxable years
11beginning after December 31, 2000.
SB55-ASA1, s. 2182dL 12Section 2182dL. 71.365 (1m) of the statutes is amended to read:
SB55-ASA1,812,1313 71.365 (1m) Tax-option corporations; depreciation. A tax-option corporation
14may compute amortization and depreciation under either the federal Internal
15Revenue Code as amended to December 31, 1999 2000, or the federal Internal
16Revenue Code in effect for the taxable year for which the return is filed, except that
17property first placed in service by the taxpayer on or after January 1, 1983, but
18before January 1, 1987, that, under s. 71.04 (15) (b) and (br), 1985 stats., is required
19to be depreciated under the Internal Revenue Code as amended to
20December 31, 1980, and property first placed in service in taxable year 1981 or
21thereafter but before January 1, 1987, that, under s. 71.04 (15) (bm), 1985 stats., is
22required to be depreciated under the Internal Revenue Code as amended to
23December 31, 1980, shall continue to be depreciated under the Internal Revenue
24Code as amended to December 31, 1980. Any difference between the adjusted basis
25for federal income tax purposes and the adjusted basis under this chapter shall be

1taken into account in determining net income or loss in the year or years for which
2the gain or loss is reportable under this chapter. If that property was placed in
3service by the taxpayer during taxable year 1986 and thereafter but before the
4property is used in the production of income subject to taxation under this chapter,
5the property's adjusted basis and the depreciation or other deduction schedule are
6not required to be changed from the amount allowable on the owner's federal income
7tax returns for any year because the property is used in the production of income
8subject to taxation under this chapter. If that property was acquired in a transaction
9in taxable year 1986 or thereafter in which the adjusted basis of the property in the
10hands of the transferee is the same as the adjusted basis of the property in the hands
11of the transferor, the Wisconsin adjusted basis of that property on the date of transfer
12is the adjusted basis allowable under the Internal Revenue Code as defined for
13Wisconsin purposes for the property in the hands of the transferor.
SB55-ASA1, s. 2182dm 14Section 2182dm. 71.42 (2) (f) of the statutes is repealed.
SB55-ASA1, s. 2182dn 15Section 2182dn. 71.42 (2) (g) of the statutes is amended to read:
SB55-ASA1,813,1716 71.42 (2) (g) For taxable years that begin after December 31, 1992, and before
17January 1, 1994, "Internal Revenue Code" means the federal Internal Revenue Code
18as amended to December 31, 1992, excluding sections 103, 104 , and 110 of P.L.
19102-227, and as amended by P.L. 103-66, excluding sections 13101 (a) and (c) 1,
2013113, 13150, 13171, 13174, and 13203 of P.L. 103-66, P.L. 103-465, P.L. 104-188,
21excluding section 1311 of P.L. 104-188, P.L. 105-34, P.L. 105-206 and, P.L. 105-277,
22and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554
, and as indirectly
23affected by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L.
24101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections 103, 104, and
25110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections

113101 (a) and (c) 1, 13113, 13150, 13171, 13174, and 13203 of P.L. 103-66, P.L.
2103-465, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L. 105-34, P.L.
3105-206 and P.L. 105-277and, P.L. 105-277, and P.L. 106-554, excluding sections
4162 and 165 of P.L. 106-554
, except that "Internal Revenue Code" does not include
5section 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
8December 31, 1992, do not apply to this paragraph with respect to taxable years
9beginning after December 31, 1992, and before January 1, 1994, except that
10changes to the Internal Revenue Code made by P.L. 103-66, P.L. 103-465, P.L.
11104-188, excluding section 1311 of P.L. 104-188, P.L. 105-34, P.L. 105-206 and, P.L.
12105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and
13changes that indirectly affect the federal Internal Revenue Code made by P.L.
14103-66, P.L. 103-465, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L.
15105-34, P.L. 105-206 and, P.L. 105-277, and P.L. 106-554, excluding sections 162
16and 165 of P.L. 106-554,
apply for Wisconsin purposes at the same time as for federal
17purposes.
SB55-ASA1, s. 2182dp 18Section 2182dp. 71.42 (2) (h) of the statutes is amended to read:
SB55-ASA1,814,2419 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
21as amended to December 31, 1993 excluding sections 103, 104, and 110 of P.L.
22102-227 and sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d) , and 13215 of P.L.
23103-66, and as amended by P.L. 103-296, P.L. 103-337, P.L. 103-465, 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, P.L. 104-193, P.L. 105-34, P.L. 105-206 and, P.L. 105-277,

1and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554
, and as indirectly
2affected by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L.
3101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections 103, 104, and
4110 of P.L. 102-227, P.L. 102-318, P.L. 102-486 and P.L. 103-66, excluding sections
513113, 13150 (d), 13171 (d), 13174, 13203 (d), and 13215 of P.L. 103-66, P.L. 103-296,
6P.L. 103-337, P.L. 103-465, P.L. 104-7, excluding section 1 of P.L. 104-7, P.L.
7104-188, excluding section 1311 of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L.
8105-34, P.L. 105-206 and, P.L. 105-277, and P.L. 106-554, excluding sections 162
9and 165 of P.L. 106-554
, except that "Internal Revenue Code" does not include
10section 847 of the federal Internal Revenue Code. The Internal Revenue Code
11applies for Wisconsin purposes at the same time as for federal purposes.
12Amendments to the federal Internal Revenue Code enacted after
13December 31, 1993, do not apply to this paragraph with respect to taxable years
14beginning after December 31, 1993, and before January 1, 1995, except that
15changes to the Internal Revenue Code made by P.L. 103-296, P.L. 103-337, P.L.
16103-465, 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, P.L. 104-193, P.L. 105-34, P.L. 105-206
18and, P.L. 105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554,
19and changes that indirectly affect the provisions applicable to this subchapter made
20by P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, excluding section 1 of P.L.
21104-7, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L. 104-191, P.L.
22104-193, P.L. 105-34, P.L. 105-206 and, P.L. 105-277, and P.L. 106-554, excluding
23sections 162 and 165 of P.L. 106-554,
apply for Wisconsin purposes at the same time
24as for federal purposes.
SB55-ASA1, s. 2182dq 25Section 2182dq. 71.42 (2) (i) of the statutes is amended to read:
SB55-ASA1,816,3
171.42 (2) (i) For taxable years that begin after December 31, 1994, and before
2January 1, 1996, "Internal Revenue Code" means the federal Internal Revenue Code
3as amended to December 31, 1994, excluding sections 103, 104 , and 110 of P.L.
4102-227 and sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
5103-66, and as amended by P.L. 104-7, P.L. 104-188, excluding sections 1202, 1204,
61311, and 1605 of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-34, P.L.
7105-206 and, P.L. 105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L.
8106-554
, and as indirectly affected by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L.
9101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227,
10excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L.
11103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
12103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188,
13excluding sections 1202, 1204, 1311, and 1605 of P.L. 104-188, P.L. 104-191, P.L.
14104-193, P.L. 105-34, P.L. 105-206 and, P.L. 105-277, and P.L. 106-554, excluding
15sections 162 and 165 of P.L. 106-554
, except that "Internal Revenue Code" does not
16include section 847 of the federal Internal Revenue Code. The Internal Revenue
17Code applies for Wisconsin purposes at the same time as for federal purposes.
18Amendments to the federal Internal Revenue Code enacted after
19December 31, 1994, do not apply to this paragraph with respect to taxable years
20beginning after December 31, 1994, and before January 1, 1996, except that
21changes to the Internal Revenue Code made by P.L. 104-7, P.L. 104-188, excluding
22sections 1202, 1204, 1311, and 1605 of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L.
23105-34, P.L. 105-206 and, P.L. 105-277, and P.L. 106-554, excluding sections 162
24and 165 of P.L. 106-554,
and changes that indirectly affect the provisions applicable
25to this subchapter made by P.L. 104-7, P.L. 104-188, excluding sections 1202, 1204,

11311, and 1605 of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-34, P.L.
2105-206 and, P.L. 105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L.
3106-554,
apply for Wisconsin purposes at the same time as for federal purposes.
SB55-ASA1, s. 2182dr 4Section 2182dr. 71.42 (2) (j) of the statutes is amended to read:
SB55-ASA1,817,85 71.42 (2) (j) For taxable years that begin after December 31, 1995, and before
6January 1, 1997, "Internal Revenue Code" means the federal Internal Revenue Code
7as amended to December 31, 1995, excluding sections 103, 104 , and 110 of P.L.
8102-227 and sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
9103-66, and as amended by P.L. 104-188, excluding sections 1123, 1202, 1204, 1311,
10and 1605 of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L.
11105-206 and, P.L. 105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L.
12106-554
, and as indirectly affected by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L.
13101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227,
14excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L.
15103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
16103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188,
17excluding sections 1123, 1202, 1204, 1311, and 1605 of P.L. 104-188, P.L. 104-191,
18P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L. 105-206 and , P.L. 105-277, and P.L.
19106-554, excluding sections 162 and 165 of P.L. 106-554
, except that "Internal
20Revenue Code" does not include section 847 of the federal Internal Revenue Code.
21The Internal Revenue Code applies for Wisconsin purposes at the same time as for
22federal purposes. Amendments to the federal Internal Revenue Code enacted after
23December 31, 1995, do not apply to this paragraph with respect to taxable years
24beginning after December 31, 1995, and before January 1, 1997, except that
25changes to the Internal Revenue Code made by P.L. 104-188, excluding sections

11123, 1202, 1204, 1311, and 1605 of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L.
2105-33, P.L. 105-34, P.L. 105-206 and, P.L. 105-277, and P.L. 106-554, excluding
3sections 162 and 165 of P.L. 106-554
, and changes that indirectly affect the
4provisions applicable to this subchapter made by P.L. 104-188, excluding sections
51123, 1202, 1204, 1311, and 1605 of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L.
6105-33, P.L. 105-34, P.L. 105-206 and, P.L. 105-277, and P.L. 106-554, excluding
7sections 162 and 165 of P.L. 106-554,
apply for Wisconsin purposes at the same time
8as for federal purposes.
SB55-ASA1, s. 2182ds 9Section 2182ds. 71.42 (2) (k) of the statutes is amended to read:
SB55-ASA1,818,1010 71.42 (2) (k) For taxable years that begin after December 31, 1996, and before
11January 1, 1998, "Internal Revenue Code" means the federal Internal Revenue Code
12as amended to December 31, 1996, excluding sections 103, 104 , and 110 of P.L.
13102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66
14and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, and as
15amended by P.L. 105-33, P.L. 105-34, P.L. 105-206, P.L. 105-277 and, P.L. 106-36,
16and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554
, 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. 101-508, P.L. 102-227, excluding sections 103, 104, and
19110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections
2013113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L.
21103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188, excluding sections 1123 (b), 1202
22(c) 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L.
23105-33, P.L. 105-34, P.L. 105-206, P.L. 105-277 and, P.L. 106-36, and P.L. 106-554,
24excluding sections 162 and 165 of P.L. 106-554
, except that "Internal Revenue Code"
25does not include section 847 of the federal Internal Revenue Code. The Internal

1Revenue Code applies for Wisconsin purposes at the same time as for federal
2purposes. Amendments to the federal Internal Revenue Code enacted after
3December 31, 1996, do not apply to this paragraph with respect to taxable years
4beginning after December 31, 1996, and before January 1, 1998, except that
5changes to the Internal Revenue Code made by P.L. 105-33, P.L. 105-34, P.L.
6105-206, P.L. 105-277 and, P.L. 106-36, and P.L. 106-554, excluding sections 162
7and 165 of P.L. 106-554,
and changes that indirectly affect the provisions applicable
8to this subchapter made by P.L. 105-33, P.L. 105-34, P.L. 105-206, P.L. 105-277 and,
9P.L. 106-36, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, apply
10for Wisconsin purposes at the same time as for federal purposes.
SB55-ASA1, s. 2182dt 11Section 2182dt. 71.42 (2) (L) of the statutes is amended to read:
SB55-ASA1,819,1312 71.42 (2) (L) For taxable years that begin after December 31, 1997, and before
13January 1, 1999, "Internal Revenue Code" means the federal Internal Revenue Code
14as amended to December 31, 1997, excluding sections 103, 104, and 110 of P.L.
15102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66
16and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, and as
17amended by P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36 and, P.L. 106-170,
18P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573
, 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. 101-508, P.L. 102-227, excluding sections
21103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding
22sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L.
23103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188, excluding sections
241123 (b), 1202 (c) 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L. 104-191, P.L.
25104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L.

1106-36 and, P.L. 106-170, P.L. 106-554, excluding sections 162 and 165 of P.L.
2106-554, and P.L. 106-573
, except that "Internal Revenue Code" does not include
3section 847 of the federal Internal Revenue Code. 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, 1997,
6do not apply to this paragraph with respect to taxable years beginning after
7December 31, 1997, and before January 1, 1999, except that changes to the Internal
8Revenue Code made by P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36 and,
9P.L. 106-170, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
10106-573
and changes that indirectly affect the provisions applicable to this
11subchapter made by P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36 and, P.L.
12106-170, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
13106-573
apply for Wisconsin purposes at the same time as for federal purposes.
SB55-ASA1, s. 2182du 14Section 2182du. 71.42 (2) (m) of the statutes is amended to read:
SB55-ASA1,820,1515 71.42 (2) (m) For taxable years that begin after December 31, 1998, and before
16January 1, 2000, "Internal Revenue Code" means the federal Internal Revenue Code
17as amended to December 31, 1998, excluding sections 103, 104, and 110 of P.L.
18102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66
19and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, and as
20amended by P.L. 106-36 and, P.L. 106-170, P.L. 106-230, P.L. 106-554, excluding
21sections 162 and 165 of P.L. 106-554, and P.L. 106-573
, and as indirectly affected by
22P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179,
23P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L.
24102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150
25(d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L.

1103-465, P.L. 104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c) 1204 (f),
21311, and 1605 (d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L.
3105-34, P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36 and, P.L. 106-170,
4P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
5106-573
, except that "Internal Revenue Code" does not include section 847 of the
6federal Internal Revenue Code. 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, 1998, do not apply to this
9paragraph with respect to taxable years beginning after December 31, 1998, and
10before January 1, 2000, except that changes to the Internal Revenue Code made by
11P.L. 106-36 and, P.L. 106-170, P.L. 106-230, P.L. 106-554, excluding sections 162
12and 165 of P.L. 106-554, and P.L. 106-573
and changes that indirectly affect the
13provisions applicable to this subchapter made by P.L. 106-36 and, P.L. 106-170, P.L.
14106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
15106-573
apply for Wisconsin purposes at the same time as for federal purposes.
SB55-ASA1, s. 2182dv 16Section 2182dv. 71.42 (2) (n) of the statutes is amended to read:
SB55-ASA1,821,1717 71.42 (2) (n) For taxable years that begin after December 31, 1999, and before
18January 1, 2001,
"Internal Revenue Code" means the federal Internal Revenue Code
19as amended to December 31, 1999, excluding sections 103, 104, and 110 of P.L.
20102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66
21and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, and as
22amended by P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding sections 162 and
23165 of P.L. 106-554, and P.L. 106-573
, and as indirectly affected by P.L. 99-514, P.L.
24100-203, 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, 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, P.L.
3104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c) 1204 (f), 1311, and 1605 (d)
4of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178,
5P.L. 105-206, P.L. 105-277, P.L. 106-36 and, P.L. 106-170, P.L. 106-200, P.L.
6106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
7106-573
, except that "Internal Revenue Code" does not include section 847 of the
8federal Internal Revenue Code. The Internal Revenue Code applies for Wisconsin
9purposes at the same time as for federal purposes. Amendments to the federal
10Internal Revenue Code enacted after December 31, 1999, do not apply to this
11paragraph with respect to taxable years beginning after December 31, 1999, and
12before January 1, 2001, except that changes to the Internal Revenue Code made by
13P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L.
14106-554, and P.L. 106-573 and changes that indirectly affect the provisions
15applicable to this subchapter made by P.L. 106-200, P.L. 106-230, P.L. 106-554,
16excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573 apply for Wisconsin
17purposes at the same time as for federal purposes
.
SB55-ASA1, s. 2182dw 18Section 2182dw. 71.42 (2) (o) of the statutes is created to read:
SB55-ASA1,822,1119 71.42 (2) (o) For taxable years that begin after December 31, 2000, "Internal
20Revenue Code" means the federal Internal Revenue Code as amended to
21December 31, 2000, excluding sections 103, 104, and 110 of P.L. 102-227, sections
2213113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66 and sections 1123
23(b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, and as indirectly affected
24by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179,
25P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L.

1102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150
2(d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L.
3103-465, P.L. 104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c) 1204 (f),
41311, and 1605 (d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L.
5105-34, P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L.
6106-200, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554,
7and P.L. 106-573, except that "Internal Revenue Code" does not include section 847
8of the federal Internal Revenue Code. The Internal Revenue Code applies for
9Wisconsin purposes at the same time as for federal purposes. Amendments to the
10federal Internal Revenue Code enacted after December 31, 2000, do not apply to this
11paragraph with respect to taxable years beginning after December 31, 2000.
SB55-ASA1, s. 1196 12Section 1196. 71.42 (3d) of the statutes is created to read:
SB55-ASA1,822,1413 71.42 (3d) "Member" does not include a member of a limited liability company
14treated as a corporation under s. 71.22 (1).
SB55-ASA1, s. 1197 15Section 1197. 71.42 (3h) of the statutes is created to read:
SB55-ASA1,822,1716 71.42 (3h) "Partner" does not include a partner of a publicly traded partnership
17treated as a corporation under s. 71.22 (1).
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