AB833, s. 15
8Section
15. 71.22 (4m) (m) of the statutes is amended to read:
AB833,14,49
71.22
(4m) (m) For taxable years that begin after December 31, 1999, "Internal
10Revenue Code", for corporations that are subject to a tax on unrelated business
11income under s. 71.26 (1) (a), means the federal Internal Revenue Code as amended
12to December 31, 1999, excluding sections 103, 104
, and 110 of P.L.
102-227, sections
1313113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, and sections 1123
14(b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, and as amended by P.L.
15107-16, and as indirectly affected in the provisions applicable to this subchapter 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,
23and P.L. 107-16. The Internal Revenue Code applies for Wisconsin purposes at the
24same time as for federal purposes. Amendments to the Internal Revenue Code
25enacted after December 31, 1999, do not apply to this paragraph with respect to
1taxable years beginning after December 31, 1999
, except that changes to the
2Internal Revenue Code made by P.L. 107-16 and changes that indirectly affect the
3provisions applicable to this subchapter made by P.L. 107-16 apply for Wisconsin
4purposes at the same time as for federal purposes.
AB833, s. 16
5Section
16. 71.26 (2) (b) 7. of the statutes is repealed.
AB833, s. 17
6Section
17. 71.26 (2) (b) 12. of the statutes is amended to read:
AB833,16,177
71.26
(2) (b) 12. For taxable years that begin after December 31, 1996, and
8before January 1, 1998, for a corporation, conduit or common law trust which
9qualifies as a regulated investment company, real estate mortgage investment
10conduit, real estate investment trust or financial asset securitization investment
11trust under the 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. 107-16, and as indirectly affected in the
16provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647,
17P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
18excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
19103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
20103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
21excluding sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, P.L.
22104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277 and, 23P.L.
106-36, and P.L. 107-16, "net income" means the federal regulated investment
24company taxable income, federal real estate mortgage investment conduit taxable
25income, federal real estate investment trust or financial asset securitization
1investment trust taxable income of the corporation, conduit or trust as determined
2under the Internal Revenue Code as amended to December 31, 1996, 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.
105-33, P.L.
105-34, P.L.
105-206,
6P.L.
105-277 and, P.L.
106-36, and P.L. 107-16, and as indirectly affected in the
7provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647,
8P.L.
101-73, 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.
105-206, P.L.
105-277 and, 14P.L.
106-36, and P.L. 107-16, except that property that, under s. 71.02 (1) (c) 8. to
1511., 1985 stats., is required to be depreciated for taxable years 1983 to 1986 under
16the Internal Revenue Code as amended to December 31, 1980, shall continue to be
17depreciated under the Internal Revenue Code as amended to December 31, 1980,
18and except that the appropriate amount shall be added or subtracted to reflect
19differences between the depreciation or adjusted basis for federal income tax
20purposes and the depreciation or adjusted basis under this chapter of any property
21disposed of during the taxable year. The Internal Revenue Code as amended to
22December 31, 1996, excluding sections 103, 104
, and 110 of P.L.
102-227, sections
2313113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, and sections 1123
24(b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, and as amended by P.L.
25105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277 and, P.L.
106-36, and P.L. 107-16,
1and as indirectly affected in the provisions applicable to this subchapter by P.L.
299-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
3101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
4102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
5(d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
6103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
71311
, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
8105-34, P.L.
105-206, P.L.
105-277 and, P.L.
106-36, and P.L. 107-16, applies for
9Wisconsin purposes at the same time as for federal purposes. Amendments to the
10Internal Revenue Code enacted after December 31, 1996, do not apply to this
11subdivision with respect to taxable years that begin after December 31, 1996, and
12before January 1, 1998, except that changes to the Internal Revenue Code made by
13P.L.
105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277 and
, P.L.
106-36, and P.L.
14107-16, and changes that indirectly affect the provisions applicable to this
15subchapter made by P.L.
105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277
and, P.L.
16106-36, and P.L. 107-16, apply for Wisconsin purposes at the same time as for federal
17purposes.
AB833, s. 18
18Section
18. 71.26 (2) (b) 13. of the statutes is amended to read:
AB833,19,519
71.26
(2) (b) 13. For taxable years that begin after December 31, 1997, and
20before January 1, 1999, for a corporation, conduit or common law trust which
21qualifies as a regulated investment company, real estate mortgage investment
22conduit, real estate investment trust or financial asset securitization investment
23trust under the Internal Revenue Code as amended to December 31, 1997, excluding
24sections 103, 104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d),
2513174
, and 13203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and
11605 (d) of P.L.
104-188, and as amended by P.L.
105-178, P.L.
105-206, P.L.
2105-277, P.L.
106-36 and, P.L.
106-170, and P.L. 107-16, and as indirectly affected
3in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
4100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
5102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
6102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174
, and
713203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
8104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
9104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
10105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170, and P.L. 107-16, "net income"
11means the federal regulated investment company taxable income, federal real estate
12mortgage investment conduit taxable income, federal real estate investment trust
13or financial asset securitization investment trust taxable income of the corporation,
14conduit or trust as determined under the Internal Revenue Code as amended to
15December 31, 1997, 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 and sections 1123
17(b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, and as amended by P.L.
18105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170, and P.L.
19107-16, and as indirectly affected in the provisions applicable to this subchapter by
20P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179,
21P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
22102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
23(d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
24103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
251311
, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
1105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36
and, P.L.
106-170,
2and P.L. 107-16, except that property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats.,
3is required to be depreciated for taxable years 1983 to 1986 under the Internal
4Revenue Code as amended to December 31, 1980, shall continue to be depreciated
5under the Internal Revenue Code as amended to December 31, 1980, and except that
6the appropriate amount shall be added or subtracted to reflect differences between
7the depreciation or adjusted basis for federal income tax purposes and the
8depreciation or adjusted basis under this chapter of any property disposed of during
9the taxable year. The Internal Revenue Code as amended to December 31, 1997,
10excluding sections 103, 104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171
11(d), 13174
, and 13203 (d) of P.L.
103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311
, 12and 1605 (d) of P.L.
104-188, and as amended by P.L.
105-178, P.L.
105-206, P.L.
13105-277, P.L.
106-36 and, P.L.
106-170, and P.L. 107-16, and as indirectly affected
14in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
15100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
16102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
17102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174
, and
1813203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
19104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L.
20104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
21105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170, and P.L. 107-16, applies for
22Wisconsin purposes at the same time as for federal purposes. Amendments to the
23Internal Revenue Code enacted after December 31, 1997, do not apply to this
24subdivision with respect to taxable years that begin after December 31, 1997, and
25before January 1, 1999, except that changes to the Internal Revenue Code made by
1P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170, and P.L.
2107-16 and changes that indirectly affect the provisions applicable to this
3subchapter made by P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and
and, 4P.L.
106-170, and P.L. 107-16 apply for Wisconsin purposes at the same time as for
5federal purposes.
AB833, s. 19
6Section
19. 71.26 (2) (b) 14. of the statutes is amended to read:
AB833,21,157
71.26
(2) (b) 14. For taxable years that begin after December 31, 1998, and
8before January 1, 2000, for a corporation, conduit or common law trust which
9qualifies as a regulated investment company, real estate mortgage investment
10conduit, real estate investment trust or financial asset securitization investment
11trust under the Internal Revenue Code as amended to December 31, 1998, 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.
106-36 and
, P.L.
106-170, and P.L.
15107-16, and as indirectly affected in the provisions applicable to this subchapter 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,
23and P.L. 107-16, "net income" means the federal regulated investment company
24taxable income, federal real estate mortgage investment conduit taxable income,
25federal real estate investment trust or financial asset securitization investment
1trust taxable income of the corporation, conduit or trust as determined under the
2Internal Revenue Code as amended to December 31, 1998, excluding sections 103,
3104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203
4(d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
5104-188, and as amended by P.L.
106-36 and, P.L.
106-170, and P.L. 107-16, and
6as indirectly affected in the provisions applicable to this subchapter by P.L.
99-514,
7P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239,
8P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
9102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
1013174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
11104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605
12(d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
13105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170, and P.L.
14107-16, except that property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is
15required to be depreciated for taxable years 1983 to 1986 under the Internal Revenue
16Code as amended to December 31, 1980, shall continue to be depreciated under the
17Internal Revenue Code as amended to December 31, 1980, and except that the
18appropriate amount shall be added or subtracted to reflect differences between the
19depreciation or adjusted basis for federal income tax purposes and the depreciation
20or adjusted basis under this chapter of any property disposed of during the taxable
21year. The Internal Revenue Code as amended to December 31, 1998, excluding
22sections 103, 104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d),
2313174
, and 13203 (d) of P.L.
103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311
, 24and 1605 (d) of P.L.
104-188, and as amended by P.L.
106-36 and, P.L.
106-170, and
25P.L. 107-16, and as indirectly affected in the provisions applicable to this subchapter
1by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179,
2P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
3102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
4(d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
5103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
61311
, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
7105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170,
8and P.L. 107-16, applies for Wisconsin purposes at the same time as for federal
9purposes. Amendments to the Internal Revenue Code enacted after December 31,
101998, do not apply to this subdivision with respect to taxable years that begin after
11December 31, 1998, and before January 1, 2000, except that changes to the Internal
12Revenue Code made by P.L.
106-36 and, P.L.
106-170, and P.L. 107-16 and changes
13that indirectly affect the provisions applicable to this subchapter made by P.L.
14106-36 and, P.L.
106-170, and P.L. 107-16 apply for Wisconsin purposes at the same
15time as for federal purposes.
AB833, s. 20
16Section
20. 71.26 (2) (b) 15. of the statutes is amended to read:
AB833,23,2217
71.26
(2) (b) 15. For taxable years that begin after December 31, 1999, for a
18corporation, conduit or common law trust which qualifies as a regulated investment
19company, real estate mortgage investment conduit, real estate investment trust or
20financial asset securitization investment trust under the Internal Revenue Code as
21amended to December 31, 1999, excluding sections 103, 104
, and 110 of P.L.
102-227,
22sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66 and sections
231123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, and as amended by P.L.
24107-16, and as indirectly affected in the provisions applicable to this subchapter by
25P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179,
1P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
2102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
3(d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
4103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
51311
, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
6105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170,
7and P.L. 107-16, "net income" means the federal regulated investment company
8taxable income, federal real estate mortgage investment conduit taxable income,
9federal real estate investment trust or financial asset securitization investment
10trust taxable income of the corporation, conduit or trust as determined under the
11Internal Revenue Code as amended to December 31, 1999, excluding sections 103,
12104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203
13(d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
14104-188, and as amended by P.L. 107-16, 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 and, P.L.
106-170, and P.L. 107-16, except that property that,
23under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated for taxable
24years 1983 to 1986 under the Internal Revenue Code as amended to
25December 31, 1980, shall continue to be depreciated under the Internal Revenue
1Code as amended to December 31, 1980, and except that the appropriate amount
2shall be added or subtracted to reflect differences between the depreciation or
3adjusted basis for federal income tax purposes and the depreciation or adjusted basis
4under this chapter of any property disposed of during the taxable year. The Internal
5Revenue Code as amended to December 31, 1999, excluding sections 103, 104
, and
6110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
7103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188,
8and as amended by P.L. 107-16, and as indirectly affected in the provisions
9applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
10101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
11excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
12103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
13103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
14excluding sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, P.L.
15104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
16105-277, P.L.
106-36 and, P.L.
106-170, and P.L. 107-16, applies for Wisconsin
17purposes at the same time as for federal purposes. Amendments to the Internal
18Revenue Code enacted after December 31, 1999, do not apply to this subdivision with
19respect to taxable years that begin after December 31, 1999
, except that changes to
20the Internal Revenue Code made by P.L. 107-16 and changes that indirectly affect
21the provisions applicable to this subchapter made by P.L. 107-16 apply for Wisconsin
22purposes at the same time as for federal purposes.
AB833, s. 21
23Section
21. 71.34 (1g) (g) of the statutes is repealed.
AB833, s. 22
24Section
22. 71.34 (1g) (L) of the statutes is amended to read:
AB833,25,2
171.34
(1g) (L) "Internal Revenue Code" for tax-option corporations, for taxable
2years that begin after December 31, 1996, and before January 1, 1998, means the
3federal Internal Revenue Code as amended to December 31, 1996, excluding
4sections 103, 104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d),
513174
, and 13203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and
61605 (d) of P.L.
104-188, and as amended by P.L.
105-33, P.L.
105-34, P.L.
105-206,
7P.L.
105-277 and, P.L.
106-36, and P.L. 107-16, and as indirectly affected in the
8provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647 9excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2)
, and 823 (c) (2)
10of P.L.
99-514 and section 1008 (g) (5) of P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
11101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, and
12110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
1313113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
14103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202
15(c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
16105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277 and, P.L.
106-36, and P.L. 107-16,
17except that section 1366 (f) (relating to pass-through of items to shareholders) is
18modified by substituting the tax under s. 71.35 for the taxes under sections 1374 and
191375. The Internal Revenue Code applies for Wisconsin purposes at the same time
20as for federal purposes. Amendments to the federal Internal Revenue Code enacted
21after December 31, 1996, do not apply to this paragraph with respect to taxable years
22beginning after December 31, 1996, and before January 1, 1998, except that
23changes to the Internal Revenue Code made by P.L.
105-33, P.L.
105-34, P.L.
24105-206, P.L.
105-277 and, P.L.
106-36, and P.L. 107-16, and changes that
25indirectly affect the provisions applicable to this subchapter made by P.L.
105-33,
1P.L.
105-34, P.L.
105-206, P.L.
105-277 and, P.L.
106-36,
and P.L. 107-16, apply for
2Wisconsin purposes at the same time as for federal purposes.
AB833, s. 23
3Section
23. 71.34 (1g) (m) of the statutes is amended to read:
AB833,26,64
71.34
(1g) (m) "Internal Revenue Code" for tax-option corporations, for taxable
5years that begin after December 31, 1997, and before January 1, 1999, means the
6federal Internal Revenue Code as amended to December 31, 1997, 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.
105-178, P.L.
105-206, P.L.
105-277, P.L.
10106-36 and, P.L.
106-170, and P.L. 107-16, and as indirectly affected in the
11provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647 12excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2)
, and 823 (c) (2)
13of P.L.
99-514 and section 1008 (g) (5) of P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
14101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, and
15110 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 1123 (b), 1202
18(c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
19105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
20106-170, and P.L. 107-16, except that section 1366 (f) (relating to pass-through of
21items to shareholders) is modified by substituting the tax under s. 71.35 for the taxes
22under sections 1374 and 1375. The Internal Revenue Code applies for Wisconsin
23purposes at the same time as for federal purposes. Amendments to the federal
24Internal Revenue Code enacted after December 31, 1997, do not apply to this
25paragraph with respect to taxable years beginning after December 31, 1997, and
1before January 1, 1999, except that changes to the Internal Revenue Code made by
2P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and
, P.L.
106-170, and P.L.
3107-16 and changes that indirectly affect the provisions applicable to this
4subchapter made by P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
5106-170, and P.L. 107-16 apply for Wisconsin purposes at the same time as for
6federal purposes.
AB833, s. 24
7Section
24. 71.34 (1g) (n) of the statutes is amended to read:
AB833,27,88
71.34
(1g) (n) "Internal Revenue Code" for tax-option corporations, for taxable
9years that begin after December 31, 1998, and before January 1, 2000, means the
10federal Internal Revenue Code as amended to December 31, 1998, excluding sections
11103, 104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and
1213203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d)
13of P.L.
104-188, and as amended by P.L.
106-36 and, P.L.
106-170, and P.L. 107-16,
14and as indirectly affected in the provisions applicable to this subchapter by P.L.
1599-514, P.L.
100-203, P.L.
100-647, excluding sections 803 (d) (2) (B), 805 (d) (2), 812
16(c) (2), 821 (b) (2)
, and 823 (c) (2) of P.L.
99-514 and section 1008 (g) (5) of P.L.
17100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
18102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
19102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174
, and
2013203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
21104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
22104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
23105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170, P.L. 107-16, except that
24section 1366 (f) (relating to pass-through of items to shareholders) is modified by
25substituting the tax under s. 71.35 for the taxes under sections 1374 and 1375. The
1Internal Revenue Code applies for Wisconsin purposes at the same time as for federal
2purposes. Amendments to the federal Internal Revenue Code enacted after
3December 31, 1998, do not apply to this paragraph with respect to taxable years
4beginning after December 31, 1998, and before January 1, 2000, except that
5changes to the Internal Revenue Code made by P.L.
106-36 and, P.L.
106-170, and
6P.L. 107-16 and changes that indirectly affect the provisions applicable to this
7subchapter made by P.L.
106-36 and, P.L.
106-170, and P.L. 107-16 apply for
8Wisconsin purposes at the same time as for federal purposes.
AB833, s. 25
9Section
25. 71.34 (1g) (o) of the statutes is amended to read:
AB833,28,810
71.34
(1g) (o) "Internal Revenue Code" for tax-option corporations, for taxable
11years that begin after December 31, 1999, means the federal Internal Revenue Code
12as amended to December 31, 1999, excluding sections 103, 104
, and 110 of P.L.
13102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66 14and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, and as
15amended by P.L. 107-16, and as indirectly affected in the provisions applicable to
16this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, excluding sections 803
17(d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2)
, and 823 (c) (2) of P.L.
99-514 and section
181008 (g) (5) of P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239,
19P.L.
101-508, 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, and P.L.
25107-16, 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, 1999, do not apply to this paragraph with
5respect to taxable years beginning after December 31, 1999
, except that changes to
6the Internal Revenue Code made by P.L. 107-16 and changes that indirectly affect
7the provisions applicable to this subchapter made by P.L. 107-16 apply for Wisconsin
8purposes at the same time as for federal purposes.
AB833, s. 26
9Section
26. 71.42 (2) (f) of the statutes is repealed.
AB833, s. 27
10Section
27. 71.42 (2) (k) of the statutes is amended to read:
AB833,29,911
71.42
(2) (k) For taxable years that begin after December 31, 1996, and before
12January 1, 1998, "Internal Revenue Code" means the federal Internal Revenue Code
13as amended to December 31, 1996, 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.
105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277 and, P.L.
106-36,
17and P.L. 107-16, and as indirectly affected 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
, and
2113203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
22104-188, excluding sections 1123 (b), 1202 (c)
, 1204 (f), 1311
, and 1605 (d) of P.L.
23104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206, P.L.
24105-277 and, P.L.
106-36, and P.L. 107-16, except that "Internal Revenue Code"
25does not include section 847 of the federal Internal Revenue Code. The Internal
1Revenue Code applies for Wisconsin purposes at the same time as for federal
2purposes. Amendments to the federal Internal Revenue Code enacted after
3December 31, 1996, do not apply to this paragraph with respect to taxable years
4beginning after December 31, 1996, and before January 1, 1998, except that
5changes to the Internal Revenue Code made by P.L.
105-33, P.L.
105-34, P.L.
6105-206, P.L.
105-277 and, P.L.
106-36, and P.L. 107-16, and changes that
7indirectly affect the provisions applicable to this subchapter made by P.L.
105-33,
8P.L.
105-34, P.L.
105-206, P.L.
105-277 and, P.L.
106-36,
and P.L. 107-16, apply for
9Wisconsin purposes at the same time as for federal purposes.
AB833, s. 28
10Section
28. 71.42 (2) (L) of the statutes is amended to read:
AB833,30,911
71.42
(2) (L) For taxable years that begin after December 31, 1997, and before
12January 1, 1999, "Internal Revenue Code" means the federal Internal Revenue Code
13as amended to December 31, 1997, 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.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170,
17and P.L. 107-16, and as indirectly affected 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
, and
2113203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
22104-188, excluding sections 1123 (b), 1202 (c)
, 1204 (f), 1311
, and 1605 (d) of P.L.
23104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
24105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170, and P.L. 107-16, except that
25"Internal Revenue Code" does not include section 847 of the federal Internal Revenue
1Code. The Internal Revenue Code applies for Wisconsin purposes at the same time
2as for federal purposes. Amendments to the federal Internal Revenue Code enacted
3after December 31, 1997, do not apply to this paragraph with respect to taxable years
4beginning after December 31, 1997, and before January 1, 1999, except that
5changes to the Internal Revenue Code made by P.L.
105-178, P.L.
105-206, P.L.
6105-277, P.L.
106-36 and, P.L.
106-170, and P.L. 107-16 and changes that indirectly
7affect the provisions applicable to this subchapter made by P.L.
105-178, P.L.
8105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170, and P.L. 107-16 apply for
9Wisconsin purposes at the same time as for federal purposes.
AB833, s. 29
10Section
29. 71.42 (2) (m) of the statutes is amended to read:
AB833,31,811
71.42
(2) (m) For taxable years that begin after December 31, 1998, and before
12January 1, 2000, "Internal Revenue Code" means the federal Internal Revenue Code
13as amended to December 31, 1998, 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.
106-36 and, P.L.
106-170, and P.L. 107-16, and as indirectly
17affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
18101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, and
19110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
2013113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
21103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202
22(c)
, 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
23105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
24106-170, and P.L. 107-16, except that "Internal Revenue Code" does not include
25section 847 of the federal Internal Revenue Code. The Internal Revenue Code
1applies for Wisconsin purposes at the same time as for federal purposes.
2Amendments to the federal Internal Revenue Code enacted after December 31, 1998,
3do not apply to this paragraph with respect to taxable years beginning after
4December 31, 1998, and before January 1, 2000, except that changes to the Internal
5Revenue Code made by P.L.
106-36 and, P.L.
106-170, and P.L. 107-16 and changes
6that indirectly affect the provisions applicable to this subchapter made by P.L.
7106-36 and, P.L.
106-170, and P.L. 107-16 apply for Wisconsin purposes at the same
8time as for federal purposes.
AB833, s. 30
9Section
30. 71.42 (2) (n) of the statutes is amended to read:
AB833,32,510
71.42
(2) (n) For taxable years that begin after December 31, 1999, "Internal
11Revenue Code" means the federal Internal Revenue Code as amended to
12December 31, 1999, excluding sections 103, 104
, and 110 of P.L.
102-227, sections
1313113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66 and sections 1123
14(b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, and as amended by P.L.
15107-16, and as indirectly affected 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 and, P.L.
106-170, and P.L. 107-16, except that "Internal
23Revenue Code" does not include section 847 of the federal Internal Revenue Code.
24The Internal Revenue Code applies for Wisconsin purposes at the same time as for
25federal purposes. Amendments to the federal Internal Revenue Code enacted after
1December 31, 1999, do not apply to this paragraph with respect to taxable years
2beginning after December 31, 1999
, except that changes to the Internal Revenue
3Code made by P.L. 107-16 and changes that indirectly affect the provisions
4applicable to this subchapter made by P.L. 107-16 apply for Wisconsin purposes at
5the same time as for federal purposes.
