2005 - 2006 LEGISLATURE
January 27, 2005 - Introduced by Representatives Townsend, Nerison,
Gunderson, Kerkman, Grigsby, Loeffelholz, Gronemus, Seidel, F. Lasee,
Ziegelbauer, Jeskewitz, Ott, Ainsworth, Strachota, Albers, McCormick,
Hines, Hahn, Wieckert, Mursau, Lamb, Kleefisch, Vos, Pridemore, Jensen

and Van Roy, cosponsored by Senators Lazich, Lassa, Roessler and A. Lasee.
Referred to Joint Survey Committee on Tax Exemptions.
AB42,1,3 1An Act to create subchapter XVI of chapter 71 [precedes 71.98] of the statutes;
2relating to: adopting federal law as it relates to tax benefits for contributions
3to Indian Ocean tsunami victims for state income and franchise tax purposes.
Analysis by the Legislative Reference Bureau
This bill adopts, for state income and franchise tax purposes, Public Law 109-
1 as it relates to claiming a deduction for taxable year 2004 for a charitable cash
contribution that a person makes in January 2005 to benefit victims of the December
26, 2004, Indian Ocean tsunami.
This bill will be referred to the Joint Survey Committee on Tax Exemptions for
a detailed analysis, which will be printed as an appendix to this bill.
For further information see the state fiscal estimate, which will be printed as
an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB42, s. 1 4Section 1. Subchapter XVI of chapter 71 [precedes 71.98] of the statutes is
5created to read:
1Chapter 71
AB42,2,32 subchapter xvi
3 Internal revenue code update
AB42,2,5 471.98 Internal Revenue Code update. The following federal laws, to the
5extent that they apply to the Internal Revenue Code, apply to this chapter:
AB42,2,8 6(1) Accelerated tax benefits; Indian Ocean tsunami victims. Public Law 109-
71, relating to accelerated income tax benefits for contributions to benefit Indian
8Ocean tsunami victims.
AB42, s. 2 9Section 2. Initial applicability.
AB42,2,1010 (1) This act first applies to taxable years beginning on January 1, 2004.
AB42,2,1111 (End)