AB506,26,222
71.22
(4m) (g) For taxable years that begin after December 31, 1993, and
23before January 1, 1995, "Internal Revenue Code", for corporations that are subject
24to a tax on unrelated business income under s. 71.26 (1) (a), means the federal
25Internal Revenue Code as amended to December 31, 1993, excluding sections 103,
1104
, and 110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d), 13174, 13203
2(d)
, and 13215 of P.L.
103-66, and as amended by P.L.
103-296, P.L.
103-337, P.L.
3103-465, P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
104-188, excluding
4section 1311 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206 5and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554,
6and as indirectly affected in the provisions applicable to this subchapter by P.L.
799-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
8101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
9102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
10(d), 13171 (d), 13174, 13203 (d)
, and 13215 of P.L.
103-66, P.L.
103-296, P.L.
103-337,
11P.L.
103-465, P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
104-188, excluding
12section 1311 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206 13and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554.
14The Internal Revenue Code applies for Wisconsin purposes at the same time as for
15federal purposes. Amendments to the Internal Revenue Code enacted after
16December 31, 1993, do not apply to this paragraph with respect to taxable years
17beginning after December 31, 1993, and before January 1, 1995, except that
18changes to the Internal Revenue Code made by P.L.
103-296, P.L.
103-337, P.L.
19103-465, P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
104-188, excluding
20section 1311 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206 21and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, 22and changes that indirectly affect the provisions applicable to this subchapter made
23by P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, excluding section 1 of P.L.
24104-7, P.L.
104-188, excluding section 1311 of P.L.
104-188, P.L.
104-191, P.L.
25104-193, P.L.
105-34, P.L.
105-206 and, P.L.
105-277,
and P.L. 106-554, excluding
1sections 162 and 165 of P.L. 106-554, apply for Wisconsin purposes at the same time
2as for federal purposes.
AB506, s. 25
3Section
25. 71.22 (4m) (h) of the statutes is amended to read:
AB506,27,64
71.22
(4m) (h) For taxable years that begin after December 31, 1994, and
5before January 1, 1996, "Internal Revenue Code", for corporations that are subject
6to a tax on unrelated business income under s. 71.26 (1) (a), means the federal
7Internal Revenue Code as amended to December 31, 1994, excluding sections 103,
8104
, and 110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d), 13174
, and
913203 (d) of P.L.
103-66, and as amended by P.L.
104-7, P.L.
104-188, excluding
10sections 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, 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, and as indirectly affected in the provisions applicable to this
13subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
14P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, 15and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
1613113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
17103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1202, 1204,
181311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
19105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L.
20106-554. The Internal Revenue Code applies for Wisconsin purposes at the same
21time as for federal purposes. Amendments to the Internal Revenue Code enacted
22after December 31, 1994, do not apply to this paragraph with respect to taxable years
23beginning after December 31, 1994, and before January 1, 1996, except that
24changes to the Internal Revenue Code made by P.L.
104-7, P.L.
104-188, excluding
25sections 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
1105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162
2and 165 of P.L. 106-554, and changes that indirectly affect the provisions applicable
3to this subchapter made by P.L.
104-7, P.L.
104-188, excluding sections 1202, 1204,
41311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
5105-206 and, P.L.
105-277,
and P.L. 106-554, excluding sections 162 and 165 of P.L.
6106-554, apply for Wisconsin purposes at the same time as for federal purposes.
AB506, s. 26
7Section
26. 71.22 (4m) (i) of the statutes is amended to read:
AB506,28,118
71.22
(4m) (i) For taxable years that begin after December 31, 1995, and before
9January 1, 1997, "Internal Revenue Code", for corporations that are subject to a tax
10on unrelated business income under s. 71.26 (1) (a), means the federal Internal
11Revenue Code as amended to December 31, 1995, excluding sections 103, 104
, and
12110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d)
13of P.L.
103-66, and as amended by P.L.
104-188, excluding sections 1123, 1202, 1204,
141311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34,
15P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165
16of P.L. 106-554, and as indirectly affected in the provisions applicable to this
17subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
18P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, 19and 110 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, 1202,
221204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, PL.
105-33, 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. The Internal Revenue Code applies for Wisconsin purposes
25at the same time as for federal purposes. Amendments to the Internal Revenue Code
1enacted after December 31, 1995, do not apply to this paragraph with respect to
2taxable years beginning after December 31, 1995, and before January 1, 1997,
3except that changes to the Internal Revenue Code made by P.L.
104-188, excluding
4sections 1123, 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
5104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L.
6106-554, excluding sections 162 and 165 of P.L. 106-554, and changes that indirectly
7affect the provisions applicable to this subchapter made by P.L.
104-188, excluding
8sections 1123, 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
9104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206 and, P.L.
105-277,
and P.L.
10106-554, excluding sections 162 and 165 of P.L. 106-554, apply for Wisconsin
11purposes at the same time as for federal purposes.
AB506, s. 27
12Section
27. 71.22 (4m) (j) of the statutes is amended to read:
AB506,29,1313
71.22
(4m) (j) For taxable years that begin after December 31, 1996, and before
14January 1, 1998, "Internal Revenue Code", for corporations that are subject to a tax
15on unrelated business income under s. 71.26 (1) (a), means the federal Internal
16Revenue Code as amended to December 31, 1996, excluding sections 103, 104
, and
17110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
18103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188 19and as amended by P.L.
105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277
and, P.L.
20106-36, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and as
21indirectly affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
22100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
23101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
24102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
2513174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
1104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d)
2of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206,
3P.L.
105-277 and, P.L.
106-36, and P.L. 106-554, excluding sections 162 and 165 of
4P.L. 106-554. The Internal Revenue Code applies for Wisconsin purposes at the
5same time as for federal purposes. Amendments to the Internal Revenue Code
6enacted after December 31, 1996, do not apply to this paragraph with respect to
7taxable years beginning after December 31, 1996, and before January 1, 1998,
8except that changes to the Internal Revenue Code made by P.L.
105-33, P.L.
105-34,
9P.L.
105-206, P.L.
105-277 and, P.L.
106-36, and P.L. 106-554, excluding sections
10162 and 165 of P.L. 106-554, and changes that indirectly affect provisions applicable
11to this subchapter made by P.L.
105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277 and, 12P.L.
106-36,
and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, apply
13for Wisconsin purposes at the same time as for federal purposes.
AB506, s. 28
14Section
28. 71.22 (4m) (k) of the statutes is amended to read:
AB506,30,1715
71.22
(4m) (k) For taxable years that begin after December 31, 1997, and
16before January 1, 1999, "Internal Revenue Code", for corporations that are subject
17to a tax on unrelated business income under s. 71.26 (1) (a), means the federal
18Internal Revenue Code as amended to December 31, 1997, excluding sections 103,
19104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203
20(d) of P.L.
103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
21104-188, and as amended by P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 22and, P.L.
106-170, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and
23P.L. 106-573, and as indirectly affected in the provisions applicable to this
24subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
25P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
,
1and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
213113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
3103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202
4(c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
5105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
6106-170, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
7106-573. The Internal Revenue Code applies for Wisconsin purposes at the same
8time as for federal purposes. Amendments to the Internal Revenue Code enacted
9after December 31, 1997, do not apply to this paragraph with respect to taxable years
10beginning after December 31, 1997, and before January 1, 1999, except that
11changes to the Internal Revenue Code made by P.L.
105-178, P.L.
105-206, P.L.
12105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-554, excluding sections 162 and
13165 of P.L. 106-554, and P.L. 106-573 and changes that indirectly affect the
14provisions applicable to this subchapter made by P.L.
105-178, P.L.
105-206, P.L.
15105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-554, excluding sections 162 and
16165 of P.L. 106-554, and P.L. 106-573 apply for Wisconsin purposes at the same time
17as for federal purposes.
AB506, s. 29
18Section
29. 71.22 (4m) (L) of the statutes is amended to read:
AB506,31,2019
71.22
(4m) (L) For taxable years that begin after December 31, 1998, and
20before January 1, 2000, "Internal Revenue Code", for corporations that are subject
21to a tax on unrelated business income under s. 71.26 (1) (a), means the federal
22Internal Revenue Code as amended to December 31, 1998, excluding sections 103,
23104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203
24(d) of P.L.
103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
25104-188, and as amended by P.L.
106-36 and, P.L.
106-170, P.L. 106-230, P.L.
1106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573, and as
2indirectly affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
3100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
4101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
5102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
613174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
7104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605
8(d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
9105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-230,
10P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573. The
11Internal Revenue Code applies for Wisconsin purposes at the same time as for federal
12purposes. Amendments to the Internal Revenue Code enacted after December 31,
131998, do not apply to this paragraph with respect to taxable years beginning after
14December 31, 1998, and before January 1, 2000, except that changes to the Internal
15Revenue Code made by P.L.
106-36 and, P.L.
106-170, P.L. 106-230, P.L. 106-554,
16excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573 and changes that
17indirectly affect the provisions applicable to this subchapter made by P.L.
106-36 18and, P.L.
106-170, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L.
19106-554, and P.L. 106-573 apply for Wisconsin purposes at the same time as for
20federal purposes.
AB506, s. 30
21Section
30. 71.22 (4m) (m) of the statutes is amended to read:
AB506,32,2222
71.22
(4m) (m) For taxable years that begin after December 31, 1999,
and
23before January 1, 2001, "Internal Revenue Code", for corporations that are subject
24to a tax on unrelated business income under s. 71.26 (1) (a), means the federal
25Internal Revenue Code as amended to December 31, 1999, excluding sections 103,
1104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203
2(d) of P.L.
103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
3104-188, and as amended by P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding
4sections 162 and 165 of P.L. 106-554, and P.L. 106-573, and as indirectly affected in
5the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
6100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
7102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
8102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174
, and
913203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
10104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
11104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
12105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-200, P.L. 106-230,
13P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573. The
14Internal Revenue Code applies for Wisconsin purposes at the same time as for federal
15purposes. Amendments to the Internal Revenue Code enacted after December 31,
161999, do not apply to this paragraph with respect to taxable years beginning after
17December 31, 1999
, and before January 1, 2001, except that changes to the Internal
18Revenue Code made by P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding sections
19162 and 165 of P.L. 106-554, and P.L. 106-573 and changes that indirectly affect the
20provisions applicable to this subchapter made by P.L. 106-200, P.L. 106-230, P.L.
21106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573 apply for
22Wisconsin purposes at the same time as for federal purposes.
AB506, s. 31
23Section
31. 71.22 (4m) (n) of the statutes is created to read:
AB506,33,1724
71.22
(4m) (n) For taxable years that begin after December 31, 2000, "Internal
25Revenue Code," for corporations that are subject to a tax on unrelated business
1income under s. 71.26 (1) (a), means the federal Internal Revenue Code as amended
2to December 31, 2000, excluding sections 103, 104, and 110 of P.L.
102-227, sections
313113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, sections 1123 (b),
41202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
106-519, and sections 162
5and 165 of P.L.
106-554, and as indirectly affected in the provisions applicable to this
6subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
7P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104,
8and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
913113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
10103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202
11(c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
12105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
13106-170, P.L.
106-200, P.L.
106-230, P.L.
106-554, excluding sections 162 and 165
14of P.L.
106-554, and P.L.
106-573. The Internal Revenue Code applies for Wisconsin
15purposes at the same time as for federal purposes. Amendments to the Internal
16Revenue Code enacted after December 31, 2000, do not apply to this paragraph with
17respect to taxable years beginning after December 31, 2000.
AB506, s. 32
18Section
32. 71.26 (2) (b) 7. of the statutes is repealed.
AB506, s. 33
19Section
33. 71.26 (2) (b) 8. of the statutes is amended to read:
AB506,36,520
71.26
(2) (b) 8. For taxable years that begin after December 31, 1992, and
21before January 1, 1994, for a corporation, conduit or common law trust which
22qualifies as a regulated investment company, real estate mortgage investment
23conduit or real estate investment trust under the Internal Revenue Code as amended
24to December 31, 1992, excluding sections 103, 104
, and 110 of P.L.
102-227, and as
25amended by P.L.
103-66, excluding sections 13101 (a) and (c) 1., 13113, 13150, 13171,
113174
, and 13203 of P.L.
103-66, P.L.
103-465, P.L.
104-188, excluding section 1311
2of P.L.
104-188, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554,
3excluding sections 162 and 165 of P.L. 106-554, and as indirectly affected in the
4provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647,
5P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
6excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
7103-66, excluding sections 13101 (a) and (c) 1, 13113, 13150, 13171, 13174
, and
813203 of P.L.
103-66, P.L.
103-465, P.L.
104-188, excluding section 1311 of P.L.
9104-188, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding
10sections 162 and 165 of P.L. 106-554, "net income" means the federal regulated
11investment company taxable income, federal real estate mortgage investment
12conduit taxable income or federal real estate investment trust taxable income of the
13corporation, conduit or trust as determined under the Internal Revenue Code as
14amended to December 31, 1992, excluding sections 103, 104
, and 110 of P.L.
102-227,
15and as amended by P.L.
103-66, excluding sections 13101 (a) and (c) 1, 13113, 13150,
1613171, 13174
, and 13203 of P.L.
103-66, P.L.
103-465, P.L.
104-188, excluding
17section 1311 of P.L.
104-188, P.L.
105-34, P.L.
105-206 and
, P.L.
105-277, and P.L.
18106-554, excluding sections 162 and 165 of P.L. 106-554, and as indirectly affected
19in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
20100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, 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 13101 (a) and (c) 1., 13113, 13150, 13171,
2313174
, and 13203 of P.L.
103-66, P.L.
103-465, P.L.
104-188, excluding section 1311
24of P.L.
104-188, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554,
25excluding sections 162 and 165 of P.L. 106-554, except that property that, under s.
171.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated for taxable years 1983
2to 1986 under the Internal Revenue Code as amended to December 31, 1980, shall
3continue to be depreciated under the Internal Revenue Code as amended to
4December 31, 1980, and except that the appropriate amount shall be added or
5subtracted to reflect differences between the depreciation or adjusted basis for
6federal income tax purposes and the depreciation or adjusted basis under this
7chapter of any property disposed of during the taxable year. The Internal Revenue
8Code as amended to December 31, 1992, excluding sections 103, 104
, and 110 of P.L.
9102-227, and as amended by P.L.
103-66, excluding sections 13101 (a) and (c) 1,
1013113, 13150, 13171, 13174
, and 13203 of P.L.
103-66, P.L.
103-465, P.L.
104-188,
11excluding section 1311 of P.L.
104-188, P.L.
105-34, P.L.
105-206
and, P.L.
105-277,
12and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and as indirectly
13affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203,
14P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508,
15P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
16102-486, P.L.
103-66, excluding sections 13101 (a) and (c) 1, 13113, 13150, 13171,
1713174
, and 13203 of P.L.
103-66, P.L.
103-465, P.L.
104-188, excluding section 1311
18of P.L.
104-188, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554,
19excluding sections 162 and 165 of P.L. 106-554, applies for Wisconsin purposes at the
20same time as for federal purposes. Amendments to the Internal Revenue Code
21enacted after December 31, 1992, do not apply to this subdivision with respect to
22taxable years that begin after December 31, 1992, and before January 1, 1994,
23except that changes to the Internal Revenue Code made by P.L.
103-66, P.L.
24103-465, P.L.
104-188, excluding section 1311 of P.L.
104-188, P.L.
105-34, P.L.
25105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L.
1106-554, and changes that indirectly affect the provisions applicable to this
2subchapter made by P.L.
103-66, P.L.
103-465, P.L.
104-188, excluding section 1311
3of P.L.
104-188, P.L.
105-34, P.L.
105-206 and, P.L.
105-277,
and P.L. 106-554,
4excluding sections 162 and 165 of P.L. 106-554, apply for Wisconsin purposes at the
5same time as for federal purposes.
AB506, s. 34
6Section
34. 71.26 (2) (b) 9. of the statutes is amended to read:
AB506,39,27
71.26
(2) (b) 9. For taxable years that begin after December 31, 1993, and
8before January 1, 1995, for a corporation, conduit or common law trust which
9qualifies as a regulated investment company, real estate mortgage investment
10conduit or real estate investment trust under the Internal Revenue Code as amended
11to December 31, 1993, excluding sections 103, 104
, and 110 of P.L.
102-227 and
12sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d)
, and 13215 of P.L.
103-66, and
13as amended by P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, excluding
14section 1 of P.L.
104-7, P.L.
104-188, excluding section 1311 of P.L.
104-188, P.L.
15104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L.
16106-554, excluding sections 162 and 165 of P.L. 106-554, and as indirectly affected
17in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
18100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
19102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
20102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, 13203
21(d)
, and 13215 of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7,
22excluding section 1 of P.L.
104-7, P.L.
104-188, excluding section 1311 of P.L.
23104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206 and, P.L.
105-277,
24and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, "net income"
25means the federal regulated investment company taxable income, federal real estate
1mortgage investment conduit taxable income or federal real estate investment trust
2taxable income of the corporation, conduit or trust as determined under the Internal
3Revenue Code as amended to December 31, 1993, excluding sections 103, 104
, and
4110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d)
, and
513215 of P.L.
103-66, and as amended by P.L.
103-296, P.L.
103-337, P.L.
103-465,
6P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
104-188, excluding section 1311
7of P.L.
104-188, P.L.
104-191, P.L.
104-193, 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 as
9indirectly affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
10100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
11101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
12102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
1313174, 13203 (d)
, and 13215 of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465,
14P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
104-188, excluding section 1311
15of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206
and, P.L.
16105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, except
17that property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be
18depreciated for taxable years 1983 to 1986 under the Internal Revenue Code as
19amended to December 31, 1980, shall continue to be depreciated under the Internal
20Revenue Code as amended to December 31, 1980, and except that the appropriate
21amount shall be added or subtracted to reflect differences between the depreciation
22or adjusted basis for federal income tax purposes and the depreciation or adjusted
23basis under this chapter of any property disposed of during the taxable year. The
24Internal Revenue Code as amended to December 31, 1993, excluding sections 103,
25104
, and 110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d), 13174, 13203
1(d)
, and 13215 of P.L.
103-66, and as amended by P.L.
103-296, P.L.
103-337, P.L.
2103-465, P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
104-188, excluding
3section 1311 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206 4and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554,
5and as indirectly affected in the provisions applicable to this subchapter by P.L.
699-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
7101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
8102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
9(d), 13171 (d), 13174, 13203 (d)
, and 13215 of P.L.
103-66, P.L.
103-296, P.L.
103-337,
10P.L.
103-465, P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
104-188, excluding
11section 1311 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206 12and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554,
13applies for Wisconsin purposes at the same time as for federal purposes.
14Amendments to the Internal Revenue Code enacted after December 31, 1993, do not
15apply to this subdivision with respect to taxable years that begin after
16December 31, 1993, and before January 1, 1995, except that changes to the Internal
17Revenue Code made by P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7,
18excluding section 1 of P.L.
104-7, P.L.
104-188, excluding section 1311 of P.L.
19104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206 and, P.L.
105-277,
20and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and changes that
21indirectly affect the provisions applicable to this subchapter made by P.L.
103-296,
22P.L.
103-337, P.L.
103-465, P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
23104-188, excluding section 1311 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
24105-34, P.L.
105-206 and, P.L.
105-277,
and P.L. 106-554, excluding sections 162
1and 165 of P.L. 106-554, apply for Wisconsin purposes at the same time as for federal
2purposes.
AB506, s. 35
3Section
35. 71.26 (2) (b) 10. of the statutes is amended to read:
AB506,41,184
71.26
(2) (b) 10. For taxable years that begin after December 31, 1994, and
5before January 1, 1996, for a corporation, conduit or common law trust which
6qualifies as a regulated investment company, real estate mortgage investment
7conduit or real estate investment trust under the Internal Revenue Code as amended
8to December 31, 1994, excluding sections 103, 104
, and 110 of P.L.
102-227 and
9sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, and as
10amended by P.L.
104-7, P.L.
104-188, excluding sections 1202, 1204, 1311
, and 1605
11of P.L.
104-188, P.L.
104-191, P.L.
104-193, 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 as
13indirectly affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
14100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
15101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
16102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
1713174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
18104-7, P.L.
104-188, excluding sections 1202, 1204, 1311
, and 1605 of P.L.
104-188,
19P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206 and
, P.L.
105-277, and P.L.
20106-554, excluding sections 162 and 165 of P.L. 106-554, "net income" means the
21federal regulated investment company taxable income, federal real estate mortgage
22investment conduit taxable income or federal real estate investment trust taxable
23income of the corporation, conduit or trust as determined under the Internal
24Revenue Code as amended to December 31, 1994, excluding sections 103, 104
, and
25110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d)
1of P.L.
103-66, and as amended by P.L.
104-7, P.L.
104-188, excluding sections 1202,
21204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
3105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L.
4106-554, and as indirectly affected in the provisions applicable to this subchapter
5by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179,
6P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
7102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
8(d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
9103-465, P.L.
104-7, P.L.
104-188, excluding sections 1202, 1204, 1311
, and 1605 of
10P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206
and, P.L.
11105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, except
12that property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be
13depreciated for taxable years 1983 to 1986 under the Internal Revenue Code as
14amended to December 31, 1980, shall continue to be depreciated under the Internal
15Revenue Code as amended to December 31, 1980, and except that the appropriate
16amount shall be added or subtracted to reflect differences between the depreciation
17or adjusted basis for federal income tax purposes and the depreciation or adjusted
18basis under this chapter of any property disposed of during the taxable year. The
19Internal Revenue Code as amended to December 31, 1994, excluding sections 103,
20104
, and 110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d), 13174
, and
2113203 (d) of P.L.
103-66, and as amended 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 as indirectly affected in the provisions applicable to this
25subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
1P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, 2and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
313113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
4103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1202, 1204,
51311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
6105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L.
7106-554, applies for Wisconsin purposes at the same time as for federal purposes.
8Amendments to the Internal Revenue Code enacted after December 31, 1994, do not
9apply to this subdivision with respect to taxable years that begin after
10December 31, 1994, and before January 1, 1996, except that changes made by P.L.
11104-7, P.L.
104-188, excluding sections 1202, 1204, 1311
, and 1605 of P.L.
104-188,
12P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206 and
, P.L.
105-277, and P.L.
13106-554, excluding sections 162 and 165 of P.L. 106-554, and changes that indirectly
14affect the provisions applicable to this subchapter made by P.L.
104-7, P.L.
104-188,
15excluding sections 1202, 1204, 1311 and 1605 of P.L.
104-188, P.L.
104-191, P.L.
16104-193, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding
17sections 162 and 165 of P.L. 106-554, apply for Wisconsin purposes at the same time
18as for federal purposes.
AB506, s. 36
19Section
36. 71.26 (2) (b) 11. of the statutes is amended to read:
AB506,44,1120
71.26
(2) (b) 11. For taxable years that begin after December 31, 1995, and
21before January 1, 1997, for a corporation, conduit or common law trust which
22qualifies as a regulated investment company, real estate mortgage investment
23conduit or real estate investment trust under the Internal Revenue Code as amended
24to December 31, 1995, excluding sections 103, 104
, and 110 of P.L.
102-227 and
25sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, and as
1amended by P.L.
104-188, excluding sections 1123, 1202, 1204, 1311
, and 1605 of P.L.
2104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206 and, 3P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and
4as indirectly affected in the provisions applicable to this subchapter by P.L.
99-514,
5P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239,
6P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
7102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
813174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
9104-7, P.L.
104-188, excluding sections 1123, 1202, 1204, 1311
, and 1605 of P.L.
10104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206 and, 11P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, "net
12income" means the federal regulated investment company taxable income, federal
13real estate mortgage investment conduit taxable income or federal real estate
14investment trust taxable income of the corporation, conduit or trust as determined
15under the Internal Revenue Code as amended to December 31, 1995, excluding
16sections 103, 104
, and 110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d),
1713174
, and 13203 (d) of P.L.
103-66, and as amended by P.L.
104-188, excluding
18sections 1123, 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
19104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L.
20106-554, excluding sections 162 and 165 of P.L. 106-554, and as indirectly affected
21in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
22100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
23102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
24102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174
, and
2513203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
1104-188, excluding sections 1123, 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
2104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206 and, P.L.
105-277,
3and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, except that
4property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated
5for taxable years 1983 to 1986 under the Internal Revenue Code as amended to
6December 31, 1980, shall continue to be depreciated under the Internal Revenue
7Code as amended to December 31, 1980, and except that the appropriate amount
8shall be added or subtracted to reflect differences between the depreciation or
9adjusted basis for federal income tax purposes and the depreciation or adjusted basis
10under this chapter of any property disposed of during the taxable year. The Internal
11Revenue Code as amended to December 31, 1995, excluding sections 103, 104
, and
12110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d)
13of P.L.
103-66, and as amended by P.L.
104-188, excluding sections 1123, 1202, 1204,
141311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34,
15P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165
16of P.L. 106-554, and as indirectly affected in the provisions applicable to this
17subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
18P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, 19and 110 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, 1202,
221204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, 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, applies for Wisconsin purposes at the same time as for
25federal purposes. Amendments to the Internal Revenue Code enacted after
1December 31, 1995, do not apply to this subdivision with respect to taxable years
2that begin after December 31, 1995, and before January 1, 1997, except that
3changes to the Internal Revenue Code made by P.L.
104-188, excluding sections
41123, 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
5105-33, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding
6sections 162 and 165 of P.L. 106-554, and changes that indirectly affect the
7provisions applicable to this subchapter made by P.L.
104-188, excluding sections
81123, 1202, 1204, 1311 and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
9105-33, P.L.
105-34, P.L.
105-206 and, P.L.
105-277,
and P.L. 106-554, excluding
10sections 162 and 165 of P.L. 106-554, apply for Wisconsin purposes at the same time
11as for federal purposes.
AB506, s. 37
12Section
37. 71.26 (2) (b) 12. of the statutes is amended to read:
AB506,47,213
71.26
(2) (b) 12. For taxable years that begin after December 31, 1996, and
14before January 1, 1998, for a corporation, conduit or common law trust which
15qualifies as a regulated investment company, real estate mortgage investment
16conduit, real estate investment trust or financial asset securitization investment
17trust under the Internal Revenue Code as amended to December 31, 1996, excluding
18sections 103, 104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d),
1913174
, and 13203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and
201605 (d) of P.L.
104-188, and as amended by P.L.
105-33, P.L.
105-34, P.L.
105-206,
21P.L.
105-277 and, P.L.
106-36, and P.L. 106-554, excluding sections 162 and 165 of
22P.L. 106-554, and as indirectly affected in the provisions applicable to this
23subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
24P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, 25and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
113113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
2103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202
3(c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
4105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277 and, P.L.
106-36, and P.L. 106-554,
5excluding sections 162 and 165 of P.L. 106-554, "net income" means the federal
6regulated investment company taxable income, federal real estate mortgage
7investment conduit taxable income, federal real estate investment trust or financial
8asset securitization investment trust taxable income of the corporation, conduit or
9trust as determined under the Internal Revenue Code as amended to
10December 31, 1996, excluding sections 103, 104
, and 110 of P.L.
102-227, sections
1113113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66 and sections 1123
12(b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188 and as amended by P.L.
13105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277 and, P.L.
106-36, and P.L. 106-554,
14excluding sections 162 and 165 of P.L. 106-554, and as indirectly affected in the
15provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647,
16P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
17excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
18103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
19103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
20excluding sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, P.L.
21104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277 and, 22P.L.
106-36, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, except
23that property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be
24depreciated for taxable years 1983 to 1986 under the Internal Revenue Code as
25amended to December 31, 1980, shall continue to be depreciated under the Internal
1Revenue Code as amended to December 31, 1980, and except that the appropriate
2amount shall be added or subtracted to reflect differences between the depreciation
3or adjusted basis for federal income tax purposes and the depreciation or adjusted
4basis under this chapter of any property disposed of during the taxable year. The
5Internal Revenue Code as amended to December 31, 1996, excluding sections 103,
6104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203
7(d) of P.L.
103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
8104-188, and as amended by P.L.
105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277 9and, P.L.
106-36, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554,
10and as indirectly affected in the provisions applicable to this subchapter by P.L.
1199-514, P.L.
100-203, 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 1123 (b), 1202 (c), 1204 (f),
161311
, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
17105-34, P.L.
105-206, P.L.
105-277 and, P.L.
106-36, and P.L. 106-554, excluding
18sections 162 and 165 of P.L. 106-554, applies for Wisconsin purposes at the same
19time as for federal purposes. Amendments to the Internal Revenue Code enacted
20after December 31, 1996, do not apply to this subdivision with respect to taxable
21years that begin after December 31, 1996, and before January 1, 1998, except that
22changes to the Internal Revenue Code made by P.L.
105-33, P.L.
105-34, P.L.
23105-206, P.L.
105-277 and, P.L.
106-36, 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.
105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277 and,
1P.L.
106-36, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, apply
2for Wisconsin purposes at the same time as for federal purposes.
AB506, s. 38
3Section
38. 71.26 (2) (b) 13. of the statutes is amended to read:
AB506,49,214
71.26
(2) (b) 13. For taxable years that begin after December 31, 1997, and
5before January 1, 1999, for a corporation, conduit or common law trust which
6qualifies as a regulated investment company, real estate mortgage investment
7conduit, real estate investment trust or financial asset securitization investment
8trust under the Internal Revenue Code as amended to December 31, 1997, excluding
9sections 103, 104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d),
1013174
, and 13203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and
111605 (d) of P.L.
104-188, and as amended by P.L.
105-178, P.L.
105-206, P.L.
12105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-554, excluding sections 162 and
13165 of P.L. 106-554, and P.L. 106-573, and as indirectly affected in the provisions
14applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
15101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
16excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
17103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
18103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
19excluding sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, P.L.
20104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
21105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-554, excluding sections 162 and
22165 of P.L. 106-554, and P.L. 106-573, "net income" means the federal regulated
23investment company taxable income, federal real estate mortgage investment
24conduit taxable income, federal real estate investment trust or financial asset
25securitization investment trust taxable income of the corporation, conduit or trust
1as determined under the Internal Revenue Code as amended to December 31, 1997,
2excluding sections 103, 104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171
3(d), 13174
, and 13203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, 4and 1605 (d) of P.L.
104-188, and as amended by P.L.
105-178, P.L.
105-206, P.L.
5105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-554, excluding sections 162 and
6165 of P.L. 106-554, and P.L. 106-573, and as indirectly affected in the provisions
7applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
8101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
9excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
10103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
11103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
12excluding sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, P.L.
13104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
14105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-554, excluding sections 162 and
15165 of P.L. 106-554, and P.L. 106-573, except that property that, under s. 71.02 (1)
16(c) 8. to 11., 1985 stats., is required to be depreciated for taxable years 1983 to 1986
17under the Internal Revenue Code as amended to December 31, 1980, shall continue
18to be depreciated under the Internal Revenue Code as amended to
19December 31, 1980, and except that the appropriate amount shall be added or
20subtracted to reflect differences between the depreciation or adjusted basis for
21federal income tax purposes and the depreciation or adjusted basis under this
22chapter of any property disposed of during the taxable year. The Internal Revenue
23Code as amended to December 31, 1997, excluding sections 103, 104
, and 110 of P.L.
24102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66,
25and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, and as
1amended by P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170,
2P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573, and
3as indirectly affected in the provisions applicable to this subchapter by P.L.
99-514,
4P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239,
5P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
6102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
713174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
8104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d)
9of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178,
10P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-554, excluding
11sections 162 and 165 of P.L. 106-554, and P.L. 106-573, applies for Wisconsin
12purposes at the same time as for federal purposes. Amendments to the Internal
13Revenue Code enacted after December 31, 1997, do not apply to this subdivision with
14respect to taxable years that begin after December 31, 1997, and before
15January 1, 1999, except that changes to the Internal Revenue Code made by P.L.
16105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-554,
17excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573 and changes that
18indirectly affect the provisions applicable to this subchapter made by P.L.
105-178,
19P.L.
105-206, P.L.
105-277, P.L.
106-36 and
and, P.L.
106-170, P.L. 106-554,
20excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573 apply for Wisconsin
21purposes at the same time as for federal purposes.
AB506, s. 39
22Section
39. 71.26 (2) (b) 14. of the statutes is amended to read:
AB506,52,1323
71.26
(2) (b) 14. For taxable years that begin after December 31, 1998, and
24before January 1, 2000, for a corporation, conduit or common law trust which
25qualifies as a regulated investment company, real estate mortgage investment
1conduit, real estate investment trust or financial asset securitization investment
2trust under the Internal Revenue Code as amended to December 31, 1998, excluding
3sections 103, 104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d),
413174
, and 13203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and
51605 (d) of P.L.
104-188, and as amended by P.L.
106-36 and
, P.L.
106-170, P.L.
6106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
7106-573, and as indirectly affected in the provisions applicable to this subchapter
8by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179,
9P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
10102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
11(d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
12103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
131311
, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
14105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170,
15P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
16106-573, "net income" means the federal regulated investment company taxable
17income, federal real estate mortgage investment conduit taxable income, federal real
18estate investment trust or financial asset securitization investment trust taxable
19income of the corporation, conduit or trust as determined under the Internal
20Revenue Code as amended to December 31, 1998, excluding sections 103, 104
, and
21110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
22103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188,
23and as amended by P.L.
106-36 and, P.L.
106-170, P.L. 106-230, P.L. 106-554,
24excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573, and as indirectly
25affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203,
1P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508,
2P.L.
102-227, 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
, and
413203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
5104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
6104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
7105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-230, P.L. 106-554,
8excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573, except that
9property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated
10for taxable years 1983 to 1986 under the Internal Revenue Code as amended to
11December 31, 1980, shall continue to be depreciated under the Internal Revenue
12Code as amended to December 31, 1980, and except that the appropriate amount
13shall be added or subtracted to reflect differences between the depreciation or
14adjusted basis for federal income tax purposes and the depreciation or adjusted basis
15under this chapter of any property disposed of during the taxable year. The Internal
16Revenue Code as amended to December 31, 1998, excluding sections 103, 104
, and
17110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
18103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188,
19and as amended by P.L.
106-36 and, P.L.
106-170, P.L. 106-230, P.L. 106-554,
20excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573, and as indirectly
21affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203,
22P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508,
23P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
24102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174
, and
2513203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
1104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
2104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
3105-206, P.L.
105-277, 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, applies for
5Wisconsin purposes at the same time as for federal purposes. Amendments to the
6Internal Revenue Code enacted after December 31, 1998, do not apply to this
7subdivision with respect to taxable years that begin after December 31, 1998, and
8before January 1, 2000, except that changes to the Internal Revenue Code made by
9P.L.
106-36 and, P.L.
106-170, P.L. 106-230, P.L. 106-554, excluding sections 162
10and 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.
106-36 and, P.L.
106-170, P.L.
12106-230, 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.
AB506, s. 40
14Section
40. 71.26 (2) (b) 15. of the statutes is amended to read:
AB506,55,515
71.26
(2) (b) 15. For taxable years that begin after December 31, 1999,
and
16before January 1, 2001, for a corporation, conduit or common law trust which
17qualifies as a regulated investment company, real estate mortgage investment
18conduit, real estate investment trust or financial asset securitization investment
19trust under the Internal Revenue Code as amended to December 31, 1999, excluding
20sections 103, 104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d),
2113174
, and 13203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and
221605 (d) of P.L.
104-188, and as amended by P.L. 106-200, P.L. 106-230, P.L.
23106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573, 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 and, P.L.
106-170, P.L. 106-200,
7P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
8106-573, "net income" means the federal regulated investment company taxable
9income, federal real estate mortgage investment conduit taxable income, federal real
10estate investment trust or financial asset securitization investment trust taxable
11income of the corporation, conduit or trust as determined under the Internal
12Revenue Code as amended to December 31, 1999, excluding sections 103, 104
, and
13110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
14103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188,
15and as amended by P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding sections 162
16and 165 of P.L. 106-554, and P.L. 106-573, and as indirectly affected in the
17provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647,
18P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, 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.
104-188,
22excluding sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, P.L.
23104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
24105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-200, P.L. 106-230, P.L. 106-554,
25excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573, except that
1property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated
2for taxable years 1983 to 1986 under the Internal Revenue Code as amended to
3December 31, 1980, shall continue to be depreciated under the Internal Revenue
4Code as amended to December 31, 1980, and except that the appropriate amount
5shall be added or subtracted to reflect differences between the depreciation or
6adjusted basis for federal income tax purposes and the depreciation or adjusted basis
7under this chapter of any property disposed of during the taxable year. The Internal
8Revenue Code as amended to December 31, 1999, excluding sections 103, 104
, and
9110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
10103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188,
11and as amended by P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding sections 162
12and 165 of P.L. 106-554, and P.L. 106-573, and as indirectly affected in the
13provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647,
14P.L.
101-73, 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. 106-200, P.L. 106-230, P.L. 106-554,
21excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573, applies for
22Wisconsin purposes at the same time as for federal purposes. Amendments to the
23Internal Revenue Code enacted after December 31, 1999, do not apply to this
24subdivision with respect to taxable years that begin after December 31, 1999
, and
25before January 1, 2001, except that changes to the Internal Revenue Code made by
1P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L.
2106-554, and P.L. 106-573 and changes that indirectly affect the provisions
3applicable to this subchapter made by P.L. 106-200, P.L. 106-230, P.L. 106-554,
4excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573 apply for Wisconsin
5purposes at the same time as for federal purposes.
AB506, s. 41
6Section
41. 71.26 (2) (b) 16. of the statutes is created to read:
AB506,57,137
71.26
(2) (b) 16. For taxable years that begin after December 31, 2000, for a
8corporation, conduit, or common law trust which qualifies as a regulated investment
9company, real estate mortgage investment conduit, real estate investment trust, or
10financial asset securitization investment trust under the Internal Revenue Code as
11amended to December 31, 2000, excluding sections 103, 104, and 110 of P.L.
102-227,
12sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, sections
131123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
106-519, and
14sections 162 and 165 of P.L.
106-554, and as indirectly affected in the provisions
15applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
16101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
17excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
18103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
19103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
20excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
21104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
22105-277, P.L.
106-36, P.L.
106-170, P.L.
106-200, P.L.
106-230, P.L.
106-554,
23excluding sections 162 and 165 of P.L.
106-554, and P.L.
106-573, "net income"
24means the federal regulated investment company taxable income, federal real estate
25mortgage investment conduit taxable income, federal real estate investment trust
1or financial asset securitization investment trust taxable income of the corporation,
2conduit, or trust as determined under the Internal Revenue Code as amended to
3December 31, 2000, excluding sections 103, 104, and 110 of P.L.
102-227, sections
413113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, sections 1123 (b),
51202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
106-519, and sections 162
6and 165 of P.L.
106-554, and as indirectly affected in the provisions applicable to this
7subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
8P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104,
9and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
1013113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
11103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202
12(c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
13105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
14106-170, P.L.
106-200, P.L.
106-230, P.L.
106-554, excluding sections 162 and 165
15of P.L.
106-554, and P.L.
106-573, except that property that, under s. 71.02 (1) (c) 8.
16to 11., 1985 stats., is required to be depreciated for taxable years 1983 to 1986 under
17the Internal Revenue Code as amended to December 31, 1980, shall continue to be
18depreciated under the Internal Revenue Code as amended to December 31, 1980,
19and except that the appropriate amount shall be added or subtracted to reflect
20differences between the depreciation or adjusted basis for federal income tax
21purposes and the depreciation or adjusted basis under this chapter of any property
22disposed of during the taxable year. The Internal Revenue Code as amended to
23December 31, 2000, excluding sections 103, 104, and 110 of P.L.
102-227, sections
2413113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, sections 1123 (b),
251202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
106-519, and sections 162
1and 165 of P.L.
106-554, and as indirectly affected in the provisions applicable to this
2subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
3P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104,
4and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
513113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
6103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202
7(c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
8105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
9106-170, P.L.
106-200, P.L.
106-230, P.L.
106-554, excluding sections 162 and 165
10of P.L.
106-554, and P.L.
106-573, applies for Wisconsin purposes at the same time
11as for federal purposes. Amendments to the Internal Revenue Code enacted after
12December 31, 2000, do not apply to this subdivision with respect to taxable years that
13begin after December 31, 2000.
AB506, s. 42
14Section
42. 71.26 (3) (y) of the statutes is amended to read:
AB506,57,2515
71.26
(3) (y) A corporation may compute amortization and depreciation under
16either the federal Internal Revenue Code as amended to December 31,
1999 2000,
17or the federal Internal Revenue Code in effect for the taxable year for which the
18return is filed, except that property first placed in service by the taxpayer on or after
19January 1, 1983, but before January 1, 1987, that, under s. 71.04 (15) (b) and (br),
201985 stats., is required to be depreciated under the Internal Revenue Code as
21amended to December 31, 1980, and property first placed in service in taxable year
221981 or thereafter but before January 1, 1987, that, under s. 71.04 (15) (bm), 1985
23stats., is required to be depreciated under the Internal Revenue Code as amended
24to December 31, 1980, shall continue to be depreciated under the Internal Revenue
25Code as amended to December 31, 1980.
AB506, s. 43
1Section
43. 71.34 (1g) (g) of the statutes is repealed.
AB506, s. 44
2Section
44. 71.34 (1g) (h) of the statutes is amended to read:
AB506,59,73
71.34
(1g) (h) "Internal Revenue Code" for tax-option corporations, for taxable
4years that begin after December 31, 1992, and before January 1, 1994, means the
5federal Internal Revenue Code as amended to December 31, 1992, excluding
6sections 103, 104 and 110 of P.L.
102-227, and as amended by P.L.
103-66, excluding
7sections 13101 (a) and (c) 1, 13113, 13150, 13171, 13174
, and 13203 of P.L.
103-66,
8P.L.
103-465, P.L.
104-188, excluding section 1311 of P.L.
104-188, P.L.
105-34, P.L.
9105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L.
10106-554, and as indirectly affected in the provisions applicable to this subchapter
11by P.L.
99-514, P.L.
100-203, P.L.
100-647 excluding sections 803 (d) (2) (B), 805 (d)
12(2), 812 (c) (2), 821 (b) (2)
, and 823 (c) (2) of P.L.
99-514 and section 1008 (g) (5) of P.L.
13100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
14102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
15102-486, P.L.
103-66, excluding sections 13101 (a) and (c) 1, 13113, 13150, 13171,
1613174
, and 13203 of P.L.
103-66, P.L.
103-465, P.L.
104-188, excluding section 1311
17of P.L.
104-188, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554,
18excluding sections 162 and 165 of P.L. 106-554, except that section 1366 (f) (relating
19to pass-through of items to shareholders) is modified by substituting the tax under
20s. 71.35 for the taxes under sections 1374 and 1375. The Internal Revenue Code
21applies for Wisconsin purposes at the same time as for federal purposes.
22Amendments to the federal Internal Revenue Code enacted after
23December 31, 1992, do not apply to this paragraph with respect to taxable years
24beginning after December 31, 1992, and before January 1, 1994, except that
25changes to the Internal Revenue Code made by P.L.
103-66, P.L.
103-465, P.L.
1104-188, excluding section 1311 of P.L.
104-188, P.L.
105-34, P.L.
105-206 and, P.L.
2105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and
3changes that indirectly affect the provisions applicable to this subchapter made by
4P.L.
103-66, P.L.
103-465, P.L.
104-188, excluding section 1311 of P.L.
104-188, P.L.
5105-34, P.L.
105-206 and, P.L.
105-277,
and P.L. 106-554, excluding sections 162
6and 165 of P.L. 106-554, apply for Wisconsin purposes at the same time as for federal
7purposes.
AB506, s. 45
8Section
45. 71.34 (1g) (i) of the statutes is amended to read:
AB506,60,179
71.34
(1g) (i) "Internal Revenue Code" for tax-option corporations, for taxable
10years that begin after December 31, 1993, and before January 1, 1995, means the
11federal Internal Revenue Code as amended to December 31, 1993, excluding
12sections 103, 104
, and 110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d),
1313174, 13203 (d)
, and 13215 of P.L.
103-66, and as amended by P.L.
103-296, P.L.
14103-337, P.L.
103-465, P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
104-188,
15excluding section 1311 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
16105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L.
17106-554, and as indirectly affected in the provisions applicable to this subchapter
18by P.L.
99-514, P.L.
100-203, P.L.
100-647 excluding sections 803 (d) (2) (B), 805 (d)
19(2), 812 (c) (2), 821 (b) (2)
, and 823 (c) (2) of P.L.
99-514 and section 1008 (g) (5) of P.L.
20100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, 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, 13203
23(d)
, and 13215 of P.L.
103-66, 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, except that section
21366 (f) (relating to pass-through of items to shareholders) is modified by
3substituting the tax under s. 71.35 for the taxes under sections 1374 and 1375. The
4Internal Revenue Code applies for Wisconsin purposes at the same time as for federal
5purposes. Amendments to the federal Internal Revenue Code enacted after
6December 31, 1993, do not apply to this paragraph with respect to taxable years
7beginning after December 31, 1993, and before January 1, 1995, except that
8changes to the Internal Revenue Code made by P.L.
103-296, P.L.
103-337, P.L.
9103-465, P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
104-188, excluding
10section 1311 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206 11and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, 12and changes that indirectly affect the provisions applicable to this subchapter made
13by P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, excluding section 1 of P.L.
14104-7, P.L.
104-188, excluding section 1311 of P.L.
104-188, P.L.
104-191, P.L.
15104-193, P.L.
105-34, P.L.
105-206 and, P.L.
105-277,
and P.L. 106-554, excluding
16sections 162 and 165 of P.L. 106-554, apply for Wisconsin purposes at the same time
17as for federal purposes.
AB506, s. 46
18Section
46. 71.34 (1g) (j) of the statutes is amended to read:
AB506,61,2419
71.34
(1g) (j) "Internal Revenue Code" for tax-option corporations, for taxable
20years that begin after December 31, 1994, and before January 1, 1996, means the
21federal Internal Revenue Code as amended to December 31, 1994, excluding
22sections 103, 104
, and 110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d),
2313174
, and 13203 (d) of P.L.
103-66, and as amended by P.L.
104-7, P.L.
104-188,
24excluding sections 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
25104-193, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding
1sections 162 and 165 of P.L. 106-554, and as indirectly affected in the provisions
2applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647 excluding
3sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2)
, and 823 (c) (2) of P.L.
99-514 4and section 1008 (g) (5) of P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
5101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
6102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
7(d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
8103-465, P.L.
104-7, P.L.
104-188, excluding sections 1202, 1204, 1311
, and 1605 of
9P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206
and, P.L.
10105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, except
11that section 1366 (f) (relating to pass-through of items to shareholders) is modified
12by substituting the tax under s. 71.35 for the taxes under sections 1374 and 1375.
13The Internal Revenue Code applies for Wisconsin purposes at the same time as for
14federal purposes. Amendments to the federal Internal Revenue Code enacted after
15December 31, 1994, do not apply to this paragraph with respect to taxable years
16beginning after December 31, 1994, and before January 1, 1996, except changes to
17the Internal Revenue Code made by P.L.
104-7, P.L.
104-188, excluding sections
181202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34,
19P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165
20of P.L. 106-554, and changes that indirectly affect the provisions applicable to this
21subchapter made by P.L.
104-7, P.L.
104-188, excluding sections 1202, 1204, 1311
22and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206 and, 23P.L.
105-277,
and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, 24apply for Wisconsin purposes at the same time as for federal purposes.
AB506, s. 47
25Section
47. 71.34 (1g) (k) of the statutes is amended to read:
AB506,63,7
171.34
(1g) (k) "Internal Revenue Code" for tax-option corporations, for taxable
2years that begin after December 31, 1995, and before January 1, 1997, means the
3federal Internal Revenue Code as amended to December 31, 1995, 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.
104-188, excluding
6sections 1123, 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
7104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L.
8106-554, excluding sections 162 and 165 of P.L. 106-554, and as indirectly affected
9in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
10100-647 excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2)
, and 823
11(c) (2) of P.L.
99-514 and section 1008 (g) (5) of P.L.
100-647, P.L.
101-73, P.L.
12101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections
13103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding
14sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
15103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections
161123, 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
17105-33, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding
18sections 162 and 165 of P.L. 106-554, except that section 1366 (f) (relating to
19pass-through of items to shareholders) is modified by substituting the tax under s.
2071.35 for the taxes under sections 1374 and 1375. The Internal Revenue Code applies
21for Wisconsin purposes at the same time as for federal purposes. Amendments to the
22federal Internal Revenue Code enacted after December 31, 1995, do not apply to this
23paragraph with respect to taxable years beginning after December 31, 1995, and
24before January 1, 1997, except that changes to the Internal Revenue Code made by
25P.L.
104-188, excluding sections 1123, 1202, 1204, 1311
, and 1605 of P.L.
104-188,
1P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206 and, P.L.
2105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and
3changes that indirectly affect the provisions applicable to this subchapter made by
4P.L.
104-188, excluding sections 1123, 1202, 1204, 1311
, and 1605 of P.L.
104-188,
5P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206 and, P.L.
6105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, apply for
7Wisconsin purposes at the same time as for federal purposes.
AB506, s. 48
8Section
48. 71.34 (1g) (L) of the statutes is amended to read:
AB506,64,139
71.34
(1g) (L) "Internal Revenue Code" for tax-option corporations, for taxable
10years that begin after December 31, 1996, and before January 1, 1998, means the
11federal Internal Revenue Code as amended to December 31, 1996, excluding
12sections 103, 104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d),
1313174
, and 13203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and
141605 (d) of P.L.
104-188, and as amended by P.L.
105-33, P.L.
105-34, P.L.
105-206,
15P.L.
105-277 and, P.L.
106-36, and P.L. 106-554, excluding sections 162 and 165 of
16P.L. 106-554, and as indirectly affected in the provisions applicable to this
17subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647 excluding sections 803 (d) (2)
18(B), 805 (d) (2), 812 (c) (2), 821 (b) (2)
, and 823 (c) (2) of P.L.
99-514 and section 1008
19(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.
20101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
21102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
2213174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
23104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605
24(d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
25105-206, P.L.
105-277 and, P.L.
106-36, and P.L. 106-554, excluding sections 162
1and 165 of P.L. 106-554, except that section 1366 (f) (relating to pass-through of
2items to shareholders) is modified by substituting the tax under s. 71.35 for the taxes
3under sections 1374 and 1375. The Internal Revenue Code applies for Wisconsin
4purposes at the same time as for federal purposes. Amendments to the federal
5Internal Revenue Code enacted after December 31, 1996, do not apply to this
6paragraph with respect to taxable years beginning after December 31, 1996, and
7before January 1, 1998, except that changes to the Internal Revenue Code made by
8P.L.
105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277 and
, P.L.
106-36, and P.L.
9106-554, excluding sections 162 and 165 of P.L. 106-554, and changes that indirectly
10affect the provisions applicable to this subchapter made by P.L.
105-33, P.L.
105-34,
11P.L.
105-206, P.L.
105-277 and, P.L.
106-36,
and P.L. 106-554, excluding sections
12162 and 165 of P.L. 106-554, apply for Wisconsin purposes at the same time as for
13federal purposes.
AB506, s. 49
14Section
49. 71.34 (1g) (m) of the statutes is amended to read:
AB506,65,2015
71.34
(1g) (m) "Internal Revenue Code" for tax-option corporations, for taxable
16years that begin after December 31, 1997, and before January 1, 1999, means the
17federal Internal Revenue Code as amended to December 31, 1997, excluding sections
18103, 104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and
1913203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d)
20of P.L.
104-188, and as amended by P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
21106-36 and, P.L.
106-170, P.L. 106-554, excluding sections 162 and 165 of P.L.
22106-554, and P.L. 106-573, and as indirectly affected in the provisions applicable to
23this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647 excluding sections 803
24(d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2)
, and 823 (c) (2) of P.L.
99-514 and section
251008 (g) (5) of P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239,
1P.L.
101-508, 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 and, P.L.
106-170, P.L. 106-554,
7excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573, 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, 1997, do not apply to this paragraph with respect to taxable years
13beginning after December 31, 1997, and before January 1, 1999, except that
14changes to the Internal Revenue Code made by P.L.
105-178, P.L.
105-206, P.L.
15105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-554, excluding sections 162 and
16165 of P.L. 106-554, and P.L. 106-573 and changes that indirectly affect the
17provisions applicable to this subchapter made by P.L.
105-178, P.L.
105-206, P.L.
18105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-554, excluding sections 162 and
19165 of P.L. 106-554, and P.L. 106-573 apply for Wisconsin purposes at the same time
20as for federal purposes.
AB506, s. 50
21Section
50. 71.34 (1g) (n) of the statutes is amended to read:
AB506,67,222
71.34
(1g) (n) "Internal Revenue Code" for tax-option corporations, for taxable
23years that begin after December 31, 1998, and before January 1, 2000, means the
24federal Internal Revenue Code as amended to December 31, 1998, 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.
106-36 and, P.L.
106-170, P.L. 106-230, P.L.
3106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573, and as
4indirectly affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
5100-203, P.L.
100-647, excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821
6(b) (2)
, and 823 (c) (2) of P.L.
99-514 and section 1008 (g) (5) of P.L.
100-647, P.L.
7101-73, 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. 106-230, P.L. 106-554, excluding
14sections 162 and 165 of P.L. 106-554, and P.L. 106-573, except that section 1366 (f)
15(relating to pass-through of items to shareholders) is modified by substituting the
16tax under s. 71.35 for the taxes under sections 1374 and 1375. 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 December 31, 1998,
19do not apply to this paragraph with respect to taxable years beginning after
20December 31, 1998, and before January 1, 2000, except that changes to the Internal
21Revenue Code made by P.L.
106-36 and, P.L.
106-170, P.L. 106-230, P.L. 106-554,
22excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573 and changes that
23indirectly affect the provisions applicable to this subchapter made by P.L.
106-36 24and, P.L.
106-170, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L.
1106-554, and P.L. 106-573 apply for Wisconsin purposes at the same time as for
2federal purposes.
AB506, s. 51
3Section
51. 71.34 (1g) (o) of the statutes is amended to read:
AB506,68,74
71.34
(1g) (o) "Internal Revenue Code" for tax-option corporations, for taxable
5years that begin after December 31, 1999,
and before January 1, 2001, means the
6federal Internal Revenue Code as amended to December 31, 1999, 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. 106-200, P.L. 106-230, P.L. 106-554,
10excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573, and as indirectly
11affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203,
12P.L.
100-647, excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2)
, and
13823 (c) (2) of P.L.
99-514 and section 1008 (g) (5) of P.L.
100-647, P.L.
101-73, P.L.
14101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections
15103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding
16sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
17103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections
181123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
19104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
20106-36 and, P.L.
106-170, P.L. 106-200, 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, 1999,
1do not apply to this paragraph with respect to taxable years beginning after
2December 31, 1999
, and before January 1, 2001, except that changes to the Internal
3Revenue Code made by P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding sections
4162 and 165 of P.L. 106-554, and P.L. 106-573 and changes that indirectly affect the
5provisions applicable to this subchapter made by P.L. 106-200, P.L. 106-230, P.L.
6106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573 apply for
7Wisconsin purposes at the same time as for federal purposes.
AB506, s. 52
8Section
52. 71.34 (1g) (p) of the statutes is created to read:
AB506,69,59
71.34
(1g) (p) "Internal Revenue Code" for tax-option corporations, for taxable
10years that begin after December 31, 2000, means the federal Internal Revenue Code
11as amended to December 31, 2000, excluding sections 103, 104, and 110 of P.L.
12102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66,
13sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
106-519,
14and sections 162 and 165 of P.L.
106-554, and as indirectly affected in the provisions
15applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, excluding
16sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2), and 823 (c) (2) of P.L.
99-514 17and section 1008 (g) (5) of P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
18101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104, and 110 of P.L.
19102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
20(d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
21103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
221311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
23105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
24106-200, P.L.
106-230, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554,
25and P.L.
106-573, except that section 1366 (f) (relating to pass-through of items to
1shareholders) is modified by substituting the tax under s. 71.35 for the taxes under
2sections 1374 and 1375. The Internal Revenue Code applies for Wisconsin purposes
3at the same time as for federal purposes. Amendments to the federal Internal
4Revenue Code enacted after December 31, 2000, do not apply to this paragraph with
5respect to taxable years beginning after December 31, 2000.
AB506, s. 53
6Section
53. 71.365 (1m) of the statutes is amended to read:
AB506,70,77
71.365
(1m) Tax-option corporations; depreciation. A tax-option corporation
8may compute amortization and depreciation under either the federal Internal
9Revenue Code as amended to December 31,
1999 2000, or the federal Internal
10Revenue Code in effect for the taxable year for which the return is filed, except that
11property first placed in service by the taxpayer on or after January 1, 1983, but
12before January 1, 1987, that, under s. 71.04 (15) (b) and (br), 1985 stats., is required
13to be depreciated under the Internal Revenue Code as amended to
14December 31, 1980, and property first placed in service in taxable year 1981 or
15thereafter but before January 1, 1987, that, under s. 71.04 (15) (bm), 1985 stats., is
16required to be depreciated under the Internal Revenue Code as amended to
17December 31, 1980, shall continue to be depreciated under the Internal Revenue
18Code as amended to December 31, 1980. Any difference between the adjusted basis
19for federal income tax purposes and the adjusted basis under this chapter shall be
20taken into account in determining net income or loss in the year or years for which
21the gain or loss is reportable under this chapter. If that property was placed in
22service by the taxpayer during taxable year 1986 and thereafter but before the
23property is used in the production of income subject to taxation under this chapter,
24the property's adjusted basis and the depreciation or other deduction schedule are
25not required to be changed from the amount allowable on the owner's federal income
1tax returns for any year because the property is used in the production of income
2subject to taxation under this chapter. If that property was acquired in a transaction
3in taxable year 1986 or thereafter in which the adjusted basis of the property in the
4hands of the transferee is the same as the adjusted basis of the property in the hands
5of the transferor, the Wisconsin adjusted basis of that property on the date of transfer
6is the adjusted basis allowable under the Internal Revenue Code as defined for
7Wisconsin purposes for the property in the hands of the transferor.
AB506, s. 54
8Section
54. 71.42 (2) (f) of the statutes is repealed.
AB506, s. 55
9Section
55. 71.42 (2) (g) of the statutes is amended to read:
AB506,71,1110
71.42
(2) (g) For taxable years that begin after December 31, 1992, and before
11January 1, 1994, "Internal Revenue Code" means the federal Internal Revenue Code
12as amended to December 31, 1992, excluding sections 103, 104
, and 110 of P.L.
13102-227, and as amended by P.L.
103-66, excluding sections 13101 (a) and (c) 1,
1413113, 13150, 13171, 13174
, and 13203 of P.L.
103-66, P.L.
103-465, P.L.
104-188,
15excluding section 1311 of P.L.
104-188, P.L.
105-34, P.L.
105-206
and, P.L.
105-277,
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
2013101 (a) and (c) 1, 13113, 13150, 13171, 13174
, and 13203 of P.L.
103-66, P.L.
21103-465, P.L.
104-188, excluding section 1311 of P.L.
104-188, P.L.
105-34, P.L.
22105-206 and P.L. 105-277 and, P.L.
105-277, and P.L. 106-554, excluding sections
23162 and 165 of P.L. 106-554, except that "Internal Revenue Code" does not include
24section 847 of the federal Internal Revenue Code. The Internal Revenue Code
25applies for Wisconsin purposes at the same time as for federal purposes.
1Amendments to the federal Internal Revenue Code enacted after
2December 31, 1992, do not apply to this paragraph with respect to taxable years
3beginning after December 31, 1992, and before January 1, 1994, except that
4changes to the Internal Revenue Code made by P.L.
103-66, P.L.
103-465, P.L.
5104-188, excluding section 1311 of P.L.
104-188, P.L.
105-34, P.L.
105-206 and, P.L.
6105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and
7changes that indirectly affect the federal Internal Revenue Code made by P.L.
8103-66, P.L.
103-465, P.L.
104-188, excluding section 1311 of P.L.
104-188, P.L.
9105-34, P.L.
105-206 and, P.L.
105-277,
and P.L. 106-554, excluding sections 162
10and 165 of P.L. 106-554, apply for Wisconsin purposes at the same time as for federal
11purposes.
AB506, s. 56
12Section
56. 71.42 (2) (h) of the statutes is amended to read:
AB506,72,1813
71.42
(2) (h) For taxable years that begin after December 31, 1993, and before
14January 1, 1995, "Internal Revenue Code" means the federal Internal Revenue Code
15as amended to December 31, 1993 excluding sections 103, 104
, and 110 of P.L.
16102-227 and sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d)
, and 13215 of P.L.
17103-66, and as amended by P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7,
18excluding section 1 of P.L.
104-7, P.L.
104-188, excluding section 1311 of P.L.
19104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206 and, P.L.
105-277,
20and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and as indirectly
21affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
22101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, and
23110 of P.L.
102-227, P.L.
102-318, P.L.
102-486 and P.L.
103-66, excluding sections
2413113, 13150 (d), 13171 (d), 13174, 13203 (d)
, and 13215 of P.L.
103-66, P.L.
103-296,
25P.L.
103-337, P.L.
103-465, P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
1104-188, excluding section 1311 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
2105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162
3and 165 of P.L. 106-554, except that "Internal Revenue Code" does not include
4section 847 of the federal Internal Revenue Code. The Internal Revenue Code
5applies for Wisconsin purposes at the same time as for federal purposes.
6Amendments to the federal Internal Revenue Code enacted after
7December 31, 1993, do not apply to this paragraph with respect to taxable years
8beginning after December 31, 1993, and before January 1, 1995, except that
9changes to the Internal Revenue Code made by P.L.
103-296, P.L.
103-337, P.L.
10103-465, P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
104-188, excluding
11section 1311 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206 12and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, 13and changes that indirectly affect the provisions applicable to this subchapter made
14by P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, excluding section 1 of P.L.
15104-7, P.L.
104-188, excluding section 1311 of P.L.
104-188, P.L.
104-191, P.L.
16104-193, P.L.
105-34, P.L.
105-206 and, P.L.
105-277,
and P.L. 106-554, excluding
17sections 162 and 165 of P.L. 106-554, apply for Wisconsin purposes at the same time
18as for federal purposes.
AB506, s. 57
19Section
57. 71.42 (2) (i) of the statutes is amended to read:
AB506,73,2220
71.42
(2) (i) For taxable years that begin after December 31, 1994, and before
21January 1, 1996, "Internal Revenue Code" means the federal Internal Revenue Code
22as amended to December 31, 1994, excluding sections 103, 104
, and 110 of P.L.
23102-227 and sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
24103-66, and as amended by P.L.
104-7, P.L.
104-188, excluding sections 1202, 1204,
251311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
1105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L.
2106-554, and as indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
3101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
4excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
5103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
6103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
7excluding sections 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
8104-193, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding
9sections 162 and 165 of P.L. 106-554, except that "Internal Revenue Code" does not
10include section 847 of the federal Internal Revenue Code. The Internal Revenue
11Code applies for Wisconsin purposes at the same time as for federal purposes.
12Amendments to the federal Internal Revenue Code enacted after
13December 31, 1994, do not apply to this paragraph with respect to taxable years
14beginning after December 31, 1994, and before January 1, 1996, except that
15changes to the Internal Revenue Code made by P.L.
104-7, P.L.
104-188, excluding
16sections 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
17105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162
18and 165 of P.L. 106-554, and changes that indirectly affect the provisions applicable
19to this subchapter made by P.L.
104-7, P.L.
104-188, excluding sections 1202, 1204,
201311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
21105-206 and, P.L.
105-277,
and P.L. 106-554, excluding sections 162 and 165 of P.L.
22106-554, apply for Wisconsin purposes at the same time as for federal purposes.
AB506, s. 58
23Section
58. 71.42 (2) (j) of the statutes is amended to read:
AB506,75,224
71.42
(2) (j) For taxable years that begin after December 31, 1995, and before
25January 1, 1997, "Internal Revenue Code" means the federal Internal Revenue Code
1as amended to December 31, 1995, excluding sections 103, 104
, and 110 of P.L.
2102-227 and sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
3103-66, and as amended by P.L.
104-188, excluding sections 1123, 1202, 1204, 1311
, 4and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
5105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L.
6106-554, and as indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
7101-73, 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, 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191,
12P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206 and
, P.L.
105-277, and P.L.
13106-554, excluding sections 162 and 165 of P.L. 106-554, except that "Internal
14Revenue Code" does not include section 847 of the federal Internal Revenue Code.
15The Internal Revenue Code applies for Wisconsin purposes at the same time as for
16federal purposes. Amendments to the federal Internal Revenue Code enacted after
17December 31, 1995, do not apply to this paragraph with respect to taxable years
18beginning after December 31, 1995, and before January 1, 1997, except that
19changes to the Internal Revenue Code made by P.L.
104-188, excluding sections
201123, 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
21105-33, 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, and changes that indirectly affect the
23provisions applicable to this subchapter made by P.L.
104-188, excluding sections
241123, 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
25105-33, P.L.
105-34, P.L.
105-206 and, P.L.
105-277,
and P.L. 106-554, excluding
1sections 162 and 165 of P.L. 106-554, apply for Wisconsin purposes at the same time
2as for federal purposes.
AB506, s. 59
3Section
59. 71.42 (2) (k) of the statutes is amended to read:
AB506,76,44
71.42
(2) (k) For taxable years that begin after December 31, 1996, and before
5January 1, 1998, "Internal Revenue Code" means the federal Internal Revenue Code
6as amended to December 31, 1996, excluding sections 103, 104
, and 110 of P.L.
7102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66 8and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, and as
9amended by P.L.
105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277 and, P.L.
106-36,
10and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and as indirectly
11affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
12101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, and
13110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
1413113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
15103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202
16(c)
, 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
17105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277 and, P.L.
106-36, and P.L. 106-554,
18excluding sections 162 and 165 of P.L. 106-554, except that "Internal Revenue Code"
19does not include section 847 of the federal Internal Revenue Code. The Internal
20Revenue Code applies for Wisconsin purposes at the same time as for federal
21purposes. Amendments to the federal Internal Revenue Code enacted after
22December 31, 1996, do not apply to this paragraph with respect to taxable years
23beginning after December 31, 1996, and before January 1, 1998, except that
24changes to the Internal Revenue Code made by P.L.
105-33, P.L.
105-34, P.L.
25105-206, P.L.
105-277 and, P.L.
106-36, and P.L. 106-554, excluding sections 162
1and 165 of P.L. 106-554, and changes that indirectly affect the provisions applicable
2to this subchapter made by P.L.
105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277 and, 3P.L.
106-36,
and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, apply
4for Wisconsin purposes at the same time as for federal purposes.
AB506, s. 60
5Section
60. 71.42 (2) (L) of the statutes is amended to read:
AB506,77,76
71.42
(2) (L) For taxable years that begin after December 31, 1997, and before
7January 1, 1999, "Internal Revenue Code" means the federal Internal Revenue Code
8as amended to December 31, 1997, excluding sections 103, 104
, and 110 of P.L.
9102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66 10and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, and as
11amended by P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170,
12P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573, and
13as indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
14101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections
15103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding
16sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
17103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections
181123 (b), 1202 (c)
, 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
19104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
20106-36 and, P.L.
106-170, P.L. 106-554, excluding sections 162 and 165 of P.L.
21106-554, and P.L. 106-573, except that "Internal Revenue Code" does not include
22section 847 of the federal Internal Revenue Code. The Internal Revenue Code
23applies for Wisconsin purposes at the same time as for federal purposes.
24Amendments to the federal Internal Revenue Code enacted after December 31, 1997,
25do not apply to this paragraph with respect to taxable years beginning after
1December 31, 1997, and before January 1, 1999, except that changes to the Internal
2Revenue Code made by P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, 3P.L.
106-170, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
4106-573 and changes that indirectly affect the provisions applicable to this
5subchapter made by P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
6106-170, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
7106-573 apply for Wisconsin purposes at the same time as for federal purposes.
AB506, s. 61
8Section
61. 71.42 (2) (m) of the statutes is amended to read:
AB506,78,99
71.42
(2) (m) For taxable years that begin after December 31, 1998, and before
10January 1, 2000, "Internal Revenue Code" means the federal Internal Revenue Code
11as amended to December 31, 1998, excluding sections 103, 104
, and 110 of P.L.
12102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66 13and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, and as
14amended by P.L.
106-36 and, P.L.
106-170, P.L. 106-230, P.L. 106-554, excluding
15sections 162 and 165 of P.L. 106-554, and P.L. 106-573, and as indirectly affected by
16P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179,
17P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
18102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
19(d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
20103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c)
, 1204 (f),
211311
, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
22105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170,
23P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
24106-573, except that "Internal Revenue Code" does not include section 847 of the
25federal Internal Revenue Code. The Internal Revenue Code applies for Wisconsin
1purposes at the same time as for federal purposes. Amendments to the federal
2Internal Revenue Code enacted after December 31, 1998, do not apply to this
3paragraph with respect to taxable years beginning after December 31, 1998, and
4before January 1, 2000, except that changes to the Internal Revenue Code made by
5P.L.
106-36 and, P.L.
106-170, P.L. 106-230, P.L. 106-554, excluding sections 162
6and 165 of P.L. 106-554, and P.L. 106-573 and changes that indirectly affect the
7provisions applicable to this subchapter made by P.L.
106-36 and, P.L.
106-170, P.L.
8106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
9106-573 apply for Wisconsin purposes at the same time as for federal purposes.
AB506, s. 62
10Section
62. 71.42 (2) (n) of the statutes is amended to read:
AB506,79,1111
71.42
(2) (n) For taxable years that begin after December 31, 1999,
and before
12January 1, 2001, "Internal Revenue Code" means the federal Internal Revenue Code
13as amended to December 31, 1999, excluding sections 103, 104
, and 110 of P.L.
14102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66 15and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, and as
16amended by P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding sections 162 and
17165 of P.L. 106-554, and P.L. 106-573, and as indirectly affected 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, except that "Internal Revenue Code" does not include section 847 of the
2federal Internal Revenue Code. The Internal Revenue Code applies for Wisconsin
3purposes at the same time as for federal purposes. Amendments to the federal
4Internal Revenue Code enacted after December 31, 1999, do not apply to this
5paragraph with respect to taxable years beginning after December 31, 1999
, and
6before January 1, 2001, except that changes to the Internal Revenue Code made by
7P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L.
8106-554, and P.L. 106-573 and changes that indirectly affect the provisions
9applicable to this subchapter made by P.L. 106-200, P.L. 106-230, P.L. 106-554,
10excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573 apply for Wisconsin
11purposes at the same time as for federal purposes.
AB506, s. 63
12Section
63. 71.42 (2) (o) of the statutes is created to read:
AB506,80,613
71.42
(2) (o) For taxable years that begin after December 31, 2000, "Internal
14Revenue Code" means the federal Internal Revenue Code as amended to
15December 31, 2000, excluding sections 103, 104, and 110 of P.L.
102-227, sections
1613113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, sections 1123 (b),
171202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
106-519, and sections 162
18and 165 of P.L.
106-554, and as indirectly affected by P.L.
99-514, P.L.
100-203, 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 13113, 13150 (d), 13171 (d), 13174, and
2213203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
23104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
24104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
25105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
106-200, P.L.
106-230, P.L.
1106-554, excluding sections 162 and 165 of P.L.
106-554, and P.L.
106-573, except
2that "Internal Revenue Code" does not include section 847 of the federal Internal
3Revenue Code. The Internal Revenue Code applies for Wisconsin purposes at the
4same time as for federal purposes. Amendments to the federal Internal Revenue
5Code enacted after December 31, 2000, do not apply to this paragraph with respect
6to taxable years beginning after December 31, 2000.
AB506, s. 64
7Section
64. 71.45 (2) (a) 13. of the statutes is amended to read:
AB506,80,208
71.45
(2) (a) 13. By adding or subtracting, as appropriate, the difference
9between the depreciation deduction under the federal Internal Revenue Code as
10amended to December 31,
1999 2000, and the depreciation deduction under the
11federal Internal Revenue Code in effect for the taxable year for which the return is
12filed, so as to reflect the fact that the insurer may choose between these 2 deductions,
13except that property first placed in service by the taxpayer on or after
14January 1, 1983, but before January 1, 1987, that, under s. 71.04 (15) (b) and (br),
151985 stats., is required to be depreciated under the Internal Revenue Code as
16amended to December 31, 1980, and property first placed in service in taxable year
171981 or thereafter but before January 1, 1987, that, under s. 71.04 (15) (bm), 1985
18stats., is required to be depreciated under the Internal Revenue Code as amended
19to December 31, 1980, shall continue to be depreciated under the Internal Revenue
20Code as amended to December 31, 1980.
AB506,80,2522
(1)
Adoption of federal income tax law changes. Changes to the Internal
23Revenue Code made by P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554,
24apply to the definitions of the "Internal Revenue Code" in chapter 71 of the statutes
25at the time that those changes apply for federal income tax purposes.
AB506,81,42
(1)
Depreciation deductions. The treatment of sections 71.01 (7r), 71.26 (3) (y),
371.365 (1m), and 71.45 (2) (a) 13. of the statutes first applies to property placed in
4service in taxable years beginning on January 1, 2001.
