SB44-SSA1-SA15,39,1310 (c) For taxable years beginning after December 31, 2005, a domestic insurer
11that is subject to apportionment under sub. (3) and this subsection shall multiply the
12net income figure derived by the application of sub. (2) by the percentage under sub.
13(3) (a).
SB44-SSA1-SA15, s. 1583dph 14Section 1583dph. 71.45 (3e) of the statutes is created to read:
SB44-SSA1-SA15,39,1915 71.45 (3e) Apportionment formula computation. (a) 1. For taxable years
16beginning before January 1, 2006, if both the numerator and the denominator used
17to determine the percentage under sub. (3) (a) related to a taxpayer's net income are
18zero, the percentage under sub. (3) (a) is eliminated from the apportionment formula
19to determine the taxpayer's income under sub. (3).
SB44-SSA1-SA15,39,2320 2. For taxable years beginning after December 31, 2005, if both the numerator
21and the denominator used to determine the percentage under sub. (3) (a) related to
22a taxpayer's net income are zero, none of the taxpayer's net income is apportioned
23to this state.
SB44-SSA1-SA15,40,324 (b) 1. For taxable years beginning before January 1, 2006, if the numerator
25used to determine the percentage under sub. (3) (a) related to a taxpayer's net income

1is a negative number and the denominator used to determine the percentage under
2sub. (3) (a) related to a taxpayer's net income is a positive number, a negative number,
3or zero, the percentage under sub. (3) (a) is zero.
SB44-SSA1-SA15,40,84 2. For taxable years beginning after December 31, 2005, if the numerator used
5to determine the percentage under sub. (3) (a) related to a taxpayer's net income is
6a negative number and the denominator used to determine the percentage under
7sub. (3) (a) related to a taxpayer's net income is a positive number, a negative number,
8or zero, none of the taxpayer's net income is apportioned to this state.
SB44-SSA1-SA15,40,139 (c) 1. For taxable years beginning before January 1, 2006, if the numerator used
10to determine the percentage under sub. (3) (a) related to a taxpayer's net income is
11a positive number and the denominator used to determine the percentage under sub.
12(3) (a) related to a taxpayer's net income is zero or a negative number, the percentage
13under sub. (3) (a) is one.
SB44-SSA1-SA15,40,1814 2. For taxable years beginning after December 31, 2005, if the numerator used
15to determine the percentage under sub. (3) (a) related to a taxpayer's net income is
16a positive number and the denominator used to determine the percentage under sub.
17(3) (a) related to a taxpayer's net income is zero or a negative number, all of the
18taxpayer's net income is apportioned to this state.
SB44-SSA1-SA15, s. 1583dpi 19Section 1583dpi. 71.45 (3m) of the statutes is amended to read:
SB44-SSA1-SA15,41,220 71.45 (3m) Arithmetic average. The Except as provided in sub. (3d), the
21arithmetic average of the 2 percentages referred to in sub. (3) shall be applied to the
22net income figure arrived at by the successive application of sub. (2) (a) and (b) with
23respect to Wisconsin insurers to which sub. (2) (a) and (b) applies and which have
24collected received premiums, other than life insurance premiums, written upon for
25insurance, other than life insurance, where the subject of such insurance was on

1property or risks
resident, located or to be performed outside this state, to arrive at
2Wisconsin income constituting the measure of the franchise tax.
SB44-SSA1-SA15, s. 1583dpj 3Section 1583dpj. 71.46 (3) of the statutes is repealed.
SB44-SSA1-SA15, s. 1583dpk 4Section 1583dpk. 71.48 of the statutes is amended to read:
SB44-SSA1-SA15,41,7 571.48 Payments of estimated taxes. Sections Except as provided in s.
671.255 (11), ss.
71.29 and 71.84 (2) shall apply to insurers subject to taxation under
7this chapter.".
SB44-SSA1-SA15,41,8 85. Page 677, line 25: after that line insert:
SB44-SSA1-SA15,41,9 9" Section 1590m. 71.84 (2) (a) of the statutes is amended to read:
SB44-SSA1-SA15,41,2010 71.84 (2) (a) Except as provided in s. 71.29 (7), in the case of any underpayment
11of estimated tax under s. 71.255, 71.29 or 71.48 there shall be added to the aggregate
12tax for the taxable year interest at the rate of 12% per year on the amount of the
13underpayment for the period of the underpayment. For corporations, except as
14provided in par. (b), "period of the underpayment" means the time period from the
15due date of the installment until either the 15th day of the 3rd month beginning after
16the end of the taxable year or the date of payment, whichever is earlier. If 90% of the
17tax shown on the return is not paid by the 15th day of the 3rd month following the
18close of the taxable year, the difference between that amount and the estimated taxes
19paid, along with any interest due, shall accrue delinquent interest under s. 71.91 (1)
20(a).".
SB44-SSA1-SA15,41,21 216. Page 1072, line 14: after that line insert:
SB44-SSA1-SA15,41,23 22"(10wx) Estimate of increased general purpose revenues; Senior Care
23Program.
SB44-SSA1-SA15,42,3
1(a) Upon receipt of the report specified under Section 9145 (1wx), the
2department of health and family services shall provide to the joint committee on
3finance all of the following:
SB44-SSA1-SA15,42,7 41. Any recommended decreases in copayments, deductibles, or enrollment fees
5or any recommended income level eligibility changes for participants in the program
6of prescription drug assistance for elderly persons under section 49.688 of the
7statutes, as affected by this act.
SB44-SSA1-SA15,42,9 82. Any recommended increases in the appropriation account under section
920.435 (4) (bv) of the statutes for fiscal years 2005-06 and 2006-07.
SB44-SSA1-SA15,42,10 103. Any statutory language changes necessary to effect subdivision 1.
SB44-SSA1-SA15,42,13 11(b) The joint committee on finance shall incorporate the recommendations
12under paragraph (a) into its concideration of the allocation of revenues and
13expenditures of the biennial budget bill for the 2005-07 biennium.".
SB44-SSA1-SA15,42,14 147. Page 1090, line 1: before that line insert:
SB44-SSA1-SA15,42,20 15"(1ww) Income apportionment for financial organizations; rules. The
16department of revenue shall submit in proposed form rules related to the
17apportionment of the income of financial organizations under sections 71.04 (4) (e)
18and 71.25 (6) (e) of the statutes, as created by this act, to the legislative council staff
19under section 227.15 (1) of the statutes no later than the first day of the 4th month
20beginning after the effective date of this subsection.
SB44-SSA1-SA15,43,4 21(1wx) Estimate of increased general purpose revenues; Senior Care
22Program.
By April 15, 2005, the department of revenue shall determine the amounts
23of any estimated increased general purpose revenues for fiscal years 2005-06 and
242006-07 resulting from application of the single sales factor apportionment under

1sections 71.04 (4) (d), 71.25 (6) (d), and 71.45 (3d) of the statutes, as created by this
2act, and the combined reporting required under section 71.255 of the statutes, as
3created by this act, and shall report these amounts to the department of health and
4family services.".
SB44-SSA1-SA15,43,5 58. Page 1139, line 6: after that line insert:
SB44-SSA1-SA15,43,8 6"(2ww) Single sales factor apportionment. The treatment of section 71.45 (3)
7(intro.), (a), and (b) and (3m) of the statutes first applies to taxable years beginning
8after December 31, 2003.
SB44-SSA1-SA15,43,11 9(2wx) Combined reporting. The treatment of sections 71.25 (9) (a), 71.255,
1071.26 (3) (x) and (4), 71.29 (2), 71.44 (1) (e), 71.46 (3), 71.48, and 71.84 (2) (a) of the
11statutes first applies to taxable years beginning on January 1, 2004.".
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