AB75, s. 1522
22Section
1522. 70.35 (2) of the statutes is amended to read:
AB75,769,823
70.35
(2) The return shall be made and all the information therein requested
24given by such person on a form prescribed by the assessor with the approval of the
25department of revenue which shall provide suitable schedules for such information
1bearing on value as the department deems necessary to enable the assessor to
2determine the true cash value of the taxable personal property, and of the personal
3property that is exempt under
s. ss. 70.11
(27m), (39)
, and (39m)
and 70.111 (27), that
4is owned or in the possession of such person on January 1 as provided in s. 70.10.
5The return may contain methods of deriving assessable values from book values and
6for the conversion of book values to present values, and a statement as to the
7accounting method used. No person shall be required to take detailed physical
8inventory for the purpose of making the return required by this section.
AB75, s. 1523
9Section
1523. 70.36 (1m) of the statutes is amended to read:
AB75,769,1310
70.36
(1m) Any person, firm or corporation that fails to include information on
11property that is exempt under
s. ss. 70.11
(27m), (39)
, and (39m)
and 70.111 (27) on
12the report under s. 70.35 shall forfeit $10 for every $100 or major fraction thereof that
13is not reported.
AB75, s. 1524
14Section
1524. 70.995 (12r) of the statutes is amended to read:
AB75,769,1715
70.995
(12r) The department of revenue shall calculate the value of property
16that is used in manufacturing, as defined in this section, and that is exempt under
17s. ss. 70.11
(27m), (39)
, and (39m)
and 70.111 (27).
AB75, s. 1525
18Section
1525. 71.01 (1ap) of the statutes is created to read:
AB75,769,2119
71.01
(1ap) "Air carrier" means a person who provides or offers to provide air
20transportation and who has control over the operational functions performed in
21providing that transportation.
AB75, s. 1526
22Section
1526. 71.01 (6) (n) of the statutes is repealed.
AB75, s. 1527
23Section
1527. 71.01 (6) (o) of the statutes is amended to read:
AB75,772,2324
71.01
(6) (o) For taxable years that begin after December 31, 1999, and before
25January 1, 2003, for natural persons and fiduciaries, except fiduciaries of nuclear
1decommissioning trust or reserve funds, "Internal Revenue Code" means the federal
2Internal Revenue Code as amended to December 31, 1999, 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.
106-230, P.L.
106-554, excluding sections 162 and
6165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
107-16,
7P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding sections 101, 301
8(a), and 406 of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276, P.L.
107-358,
9P.L.
108-27, excluding sections 106, 201, and 202 of P.L.
108-27, P.L.
108-121,
10excluding section 109 of P.L.
108-121, P.L.
108-218, P.L.
108-311, excluding sections
11306, 307, 308, 316, 401, and 403 (a) of P.L.
108-311, P.L.
108-357, excluding sections
12101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
109-7,
13P.L.
109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
141329, 1348, and 1351 of P.L.
109-58, P.L.
109-135, excluding sections 101, 105, 201
15(a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
16109-135,
and P.L.
109-280, excluding sections 811 and 844 of P.L.
109-280, P.L.
17110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28, P.L. 110-172,
18excluding section 11 (b), (e), and (g) of P.L. 110-172, and P.L. 110-458, and as
19indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
20101-140, P.L.
101-179, P.L.
101-239, P.L.
101-280, P.L.
101-508, P.L.
102-90, 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, and
2313203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
24104-117, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
25(d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
1105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
2106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16,
3excluding section 431 of P.L.
107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
4107-147, excluding sections 101, 301 (a), and 406 of P.L.
107-147, P.L.
107-181, P.L.
5107-210, P.L.
107-276, P.L.
107-358, P.L.
108-27, excluding sections 106, 201, and
6202 of P.L.
108-27, P.L.
108-121, excluding section 109 of P.L.
108-121, P.L.
108-218,
7108-311, excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L.
108-311, P.L.
8108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910
9of P.L.
108-357, P.L.
109-7, P.L.
109-58, excluding sections 1305, 1308, 1309, 1310,
101323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58, P.L.
109-135,
11excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),
12(j), and (q), and 405 of P.L.
109-135,
and P.L.
109-280, excluding sections 811 and 844
13of P.L.
109-280, P.L. 110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L.
14110-28, P.L. 110-172, excluding section 11 (b), (e), and (g) of P.L. 110-172, and P.L.
15110-458. The Internal Revenue Code applies for Wisconsin purposes at the same
16time as for federal purposes. Amendments to the federal Internal Revenue Code
17enacted after December 31, 1999, do not apply to this paragraph with respect to
18taxable years beginning after December 31, 1999, and before January 1, 2003,
19except that changes to the Internal Revenue Code made by P.L.
106-230, P.L.
20106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16,
21excluding section 431 of P.L.
107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
22107-147, excluding sections 101, 301 (a), and 406 of P.L.
107-147, P.L.
107-181, P.L.
23107-210, P.L.
107-276, P.L.
107-358, P.L.
108-27, excluding sections 106, 201, and
24202 of P.L.
108-27, P.L.
108-121, excluding section 109 of P.L.
108-121, P.L
108-218,
25P.L.
108-311, excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L.
108-311,
1P.L.
108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and
2910 of P.L.
108-357, P.L.
109-7, P.L.
109-58, excluding sections 1305, 1308, 1309,
31310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58, P.L.
4109-135, excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402
5(e), 403 (e), (j), and (q), and 405 of P.L.
109-135,
and P.L.
109-280, excluding sections
6811 and 844 of P.L.
109-280,
P.L. 110-28, excluding sections 8212, 8221, 8233, and
78235 of P.L. 110-28, P.L. 110-172, excluding section 11 (b), (e), and (g) of P.L. 110-172,
8and P.L. 110-458, and changes that indirectly affect the provisions applicable to this
9subchapter made by P.L.
106-230, P.L.
106-554, excluding sections 162 and 165 of
10P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
11107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding sections 101, 301 (a),
12and 406 of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276, P.L.
107-358, P.L.
13108-27, excluding sections 106, 201, and 202 of P.L.
108-27, P.L.
108-121, excluding
14section 109 of P.L.
108-121, P.L.
108-218, P.L.
108-311, excluding sections 306, 307,
15308, 316, 401, and 403 (a) of P.L.
108-311, P.L.
108-357, excluding sections 101, 201,
16211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
109-7, P.L.
17109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
181329, 1348, and 1351 of P.L.
109-58, P.L.
109-135, excluding sections 101, 105, 201
19(a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
20109-135,
and P.L.
109-280, excluding sections 811 and 844 of P.L.
109-280,
P.L.
21110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28, P.L. 110-172,
22excluding section 11 (b), (e), and (g) of P.L. 110-172, and P.L. 110-458, apply for
23Wisconsin purposes at the same time as for federal purposes.
AB75, s. 1528
24Section
1528. 71.01 (6) (p) of the statutes is amended to read:
AB75,775,20
171.01
(6) (p) For taxable years that begin after December 31, 2002, and before
2January 1, 2004, for natural persons and fiduciaries, except fiduciaries of nuclear
3decommissioning trust or reserve funds, "Internal Revenue Code" means the federal
4Internal Revenue Code as amended to December 31, 2002, excluding sections 103,
5104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203
6(d) of P.L.
103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
7104-188, P.L.
106-519, sections 162 and 165 of P.L.
106-554, P.L.
106-573, section
8431 of P.L.
107-16, and sections 101 and 301 (a) of P.L.
107-147, and as amended by
9P.L.
108-27, excluding sections 106, 201, and 202 of P.L.
108-27, P.L.
108-121,
10excluding section 109 of P.L.
108-121, P.L.
108-173, excluding section 1201 of P.L.
11108-173, P.L.
108-203, P.L
108-218, P.L.
108-311, excluding sections 306, 307, 308,
12316, 401, and 403 (a) of P.L.
108-311, P.L.
108-357, excluding sections 101, 201, 211,
13242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
108-375, P.L.
109-7,
14P.L.
109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
151329, 1348, and 1351 of P.L.
109-58, P.L.
109-135, excluding sections 101, 105, 201
16(a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
17109-135,
and P.L.
109-280, excluding sections 811 and 844 of P.L.
109-280,
P.L.
18110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28, P.L. 110-172,
19excluding section 11 (b), (e), and (g) of P.L. 110-172, and P.L. 110-458, and as
20indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
21101-140, P.L.
101-179, P.L.
101-239, P.L.
101-280, P.L.
101-508, P.L.
102-90, P.L.
22102-227, excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
23102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and
2413203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
25104-117, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
1(d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
2105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
3106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16,
4excluding section 431 of P.L.
107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
5107-147, excluding sections 101 and 301 (a) of P.L.
107-147, P.L.
107-181, P.L.
6107-210, P.L.
107-276, P.L.
107-358, P.L.
108-27, excluding sections 106, 201, and
7202 of P.L.
108-27, P.L.
108-121, excluding section 109 of P.L.
108-121, P.L.
108-173,
8excluding section 1201 of P.L.
108-173, P.L.
108-203, P.L.
108-218, P.L.
108-311,
9excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L.
108-311, P.L.
108-357,
10excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
11108-357, P.L.
108-375, P.L.
109-7, P.L.
109-58, excluding sections 1305, 1308, 1309,
121310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58, P.L.
13109-135, excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402
14(e), 403 (e), (j), and (q), and 405 of P.L.
109-135,
and P.L.
109-280, excluding sections
15811 and 844 of P.L.
109-280, P.L. 110-28, excluding sections 8212, 8221, 8233, and
168235 of P.L. 110-28, P.L. 110-172, excluding section 11 (b), (e), and (g) of P.L. 110-172,
17and P.L. 110-458. The Internal Revenue Code applies for Wisconsin purposes at the
18same time as for federal purposes. Amendments to the federal Internal Revenue
19Code enacted after December 31, 2002, do not apply to this paragraph with respect
20to taxable years beginning after December 31, 2002, and before January 1, 2004,
21except that changes to the Internal Revenue Code made by P.L.
108-27, excluding
22sections 106, 201, and 202 of P.L.
108-27, P.L.
108-121, excluding section 109 of P.L.
23108-121, P.L.
108-173, excluding section 1201 of P.L.
108-173, P.L.
108-203, P.L.
24108-218, P.L.
108-311, excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L.
25108-311, P.L.
108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847,
1909, and 910 of P.L.
108-357, P.L.
108-375, P.L.
109-7, P.L.
109-58, excluding
2sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351
3of P.L.
109-58, P.L.
109-135, excluding sections 101, 105, 201 (a) as it relates to
4section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135,
and P.L.
5109-280, excluding sections 811 and 844 of P.L.
109-280,
P.L. 110-28, excluding
6sections 8212, 8221, 8233, and 8235 of P.L. 110-28, P.L. 110-172, excluding section
711 (b), (e), and (g) of P.L. 110-172, and P.L. 110-458, and changes that indirectly
8affect the provisions applicable to this subchapter made by P.L.
108-27, excluding
9sections 106, 201, and 202 of P.L.
108-27, P.L.
108-121, excluding section 109 of P.L.
10108-121, P.L.
108-173, excluding section 1201 of P.L.
108-173, P.L.
108-203, P.L.
11108-218, P.L.
108-311, excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L.
12108-311, P.L.
108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847,
13909, and 910 of P.L.
108-357, P.L.
108-375, P.L.
109-7, P.L.
109-58, excluding
14sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351
15of P.L.
109-58, P.L.
109-135, excluding sections 101, 105, 201 (a) as it relates to
16section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135,
and P.L.
17109-280, excluding sections 811 and 844 of P.L.
109-280,
P.L. 110-28, excluding
18sections 8212, 8221, 8233, and 8235 of P.L. 110-28, P.L. 110-172, excluding section
1911 (b), (e), and (g) of P.L. 110-172, and P.L. 110-458, apply for Wisconsin purposes
20at the same time as for federal purposes.
AB75, s. 1529
21Section
1529. 71.01 (6) (q) of the statutes is amended to read:
AB75,778,1522
71.01
(6) (q) For taxable years that begin after December 31, 2003, and before
23January 1, 2005, for natural persons and fiduciaries, except fiduciaries of nuclear
24decommissioning trust or reserve funds, "Internal Revenue Code" means the federal
25Internal Revenue Code as amended to December 31, 2003, 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, sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
3104-188, P.L.
106-519, sections 162 and 165 of P.L.
106-554, P.L.
106-573, section
4431 of P.L.
107-16, sections 101 and 301 (a) of P.L.
107-147, sections 106, 201, and
5202 of P.L.
108-27, section 109 of P.L.
108-121, and section 1201 of P.L.
108-173, and
6as amended by P.L.
108-203, P.L.
108-218, P.L.
108-311, excluding sections 306, 307,
7308, 316, 401, and 403 (a) of P.L.
108-311, P.L.
108-357, excluding sections 101, 201,
8211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
108-375, P.L.
9108-476, P.L.
109-7, P.L.
109-58, excluding sections 1305, 1308, 1309, 1310, 1323,
101324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58, P.L.
109-73, excluding
11section 301 of P.L.
109-73, P.L.
109-135, excluding sections 101, 105, 201 (a) as it
12relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135, P.L.
13109-227,
and P.L.
109-280, excluding sections 811 and 844 of P.L.
109-280,
P.L.
14110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28, P.L. 110-172,
15excluding section 11 (b), (e), and (g) of P.L. 110-172, and P.L. 110-458, and as
16indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
17101-140, P.L.
101-179, P.L.
101-239, P.L.
101-280, P.L.
101-508, P.L.
102-90, 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.
21104-117, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
22(d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
23105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
24106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16,
25excluding section 431 of P.L.
107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
1107-147, excluding sections 101 and 301 (a) of P.L.
107-147, P.L.
107-181, P.L.
2107-210, P.L.
107-276, P.L.
107-358, P.L.
108-27, excluding sections 106, 201, and
3202 of P.L.
108-27, P.L.
108-121, excluding section 109 of P.L.
108-121, P.L.
108-173,
4excluding section 1201 of P.L.
108-173, P.L.
108-203, P.L.
108-218, P.L.
108-311,
5excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L.
108-311, P.L.
108-357,
6excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
7108-357, P.L.
108-375, P.L.
108-476, P.L.
109-7, P.L.
109-58, excluding sections
81305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
9109-58, P.L.
109-73, excluding section 301 of P.L.
109-73, P.L.
109-135, excluding
10sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and
11(q), and 405 of P.L.
109-135, P.L.
109-227,
and P.L.
109-280, excluding sections 811
12and 844 of P.L.
109-280, P.L. 110-28, excluding sections 8212, 8221, 8233, and 8235
13of P.L. 110-28, P.L. 110-172, excluding section 11 (b), (e), and (g) of P.L. 110-172, and
14P.L. 110-458. The Internal Revenue Code applies for Wisconsin purposes at the same
15time as for federal purposes. Amendments to the federal Internal Revenue Code
16enacted after December 31, 2003, do not apply to this paragraph with respect to
17taxable years beginning after December 31, 2003, and before January 1, 2005,
18except that changes to the Internal Revenue Code made by P.L.
108-203, P.L.
19108-218, P.L.
108-311, excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L.
20108-311, P.L.
108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847,
21909, and 910 of P.L.
108-357, P.L.
108-375, P.L.
108-476, P.L.
109-7, P.L.
109-58,
22excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348,
23and 1351 of P.L.
109-58, P.L.
109-73, excluding section 301 of P.L.
109-73, P.L.
24109-135, excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402
25(e), 403 (e), (j), and (q), and 405 of P.L.
109-135, P.L.
109-227,
and P.L.
109-280,
1excluding sections 811 and 844 of P.L.
109-280,
P.L. 110-28, excluding sections 8212,
28221, 8233, and 8235 of P.L. 110-28, P.L. 110-172, excluding section 11 (b), (e), and
3(g) of P.L. 110-172, and P.L. 110-458, and changes that indirectly affect the
4provisions applicable to this subchapter made by P.L.
108-203, P.L.
108-218, P.L.
5108-311, excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L.
108-311, P.L.
6108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910
7of P.L.
108-357, P.L.
108-375, P.L.
108-476, P.L.
109-7, P.L.
109-58, excluding
8sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351
9of P.L.
109-58, P.L.
109-73, excluding section 301 of P.L.
109-73, P.L.
109-135,
10excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),
11(j), and (q), and 405 of P.L.
109-135, P.L.
109-227,
and P.L.
109-280, excluding
12sections 811 and 844 of P.L.
109-280,
P.L. 110-28, excluding sections 8212, 8221,
138233, and 8235 of P.L. 110-28, P.L. 110-172, excluding section 11 (b), (e), and (g) of
14P.L. 110-172, and P.L. 110-458, apply for Wisconsin purposes at the same time as for
15federal purposes.
AB75, s. 1530
16Section
1530. 71.01 (6) (r) of the statutes is amended to read:
AB75,781,1417
71.01
(6) (r) For taxable years that begin after December 31, 2004, and before
18January 1, 2006, for natural persons and fiduciaries, except fiduciaries of nuclear
19decommissioning trust or reserve funds, "Internal Revenue Code" means the federal
20Internal Revenue Code as amended to December 31, 2004, excluding sections 103,
21104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203
22(d) of P.L.
103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
23104-188, sections 1, 3, 4, and 5 of P.L.
106-519, sections 162 and 165 of P.L.
106-554,
24P.L.
106-573, section 431 of P.L.
107-16, sections 101 and 301 (a) of P.L.
107-147,
25sections 106, 201, and 202 of P.L.
108-27, section 1201 of P.L.
108-173, sections 306,
1308, 316, 401, and 403 (a) of P.L.
108-311, and sections 101, 201, 211, 242, 244, 336,
2337, 422, 847, 909, and 910 of P.L.
108-357, and as amended by P.L.
109-7, P.L.
3109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
41329, 1348, and 1351 of P.L.
109-58, P.L.
109-73, excluding section 301 of P.L.
5109-73, P.L.
109-135, excluding sections 101, 105, 201 (a) as it relates to section
61400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135, P.L.
109-151, P.L.
7109-222, excluding sections 101, 207, 209, 503, 512, and 513 of P.L.
109-222, P.L.
8109-227,
and P.L.
109-280, excluding sections 811 and 844 of P.L.
109-280,
P.L.
9109-432, excluding sections 101, 104, 108, 109, 112, 113, 116, 118, 120, 123 (a), 204,
10209, 302, 303, 304, 305, 307, 401, 404, 417, and 425 of P.L. 109-432, P.L. 110-28,
11excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28, P.L. 110-172, excluding
12section 11 (b), (e), and (g) of P.L. 110-172, and P.L. 110-458, and as indirectly affected
13by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179,
14P.L.
101-239, P.L.
101-280, P.L.
101-508, P.L.
102-90, P.L.
102-227, excluding
15sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66,
16excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66,
17P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-117, 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, P.L.
106-170, P.L.
106-230, P.L.
106-554, excluding sections
21162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
22107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding sections
23101 and 301 (a) of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276, P.L.
24107-358, P.L.
108-27, excluding sections 106, 201, and 202 of P.L.
108-27, P.L.
25108-121, P.L.
108-173, excluding section 1201 of P.L.
108-173, P.L.
108-203, P.L.
1108-218, P.L.
108-311, excluding sections 306, 308, 316, 401, and 403 (a) of P.L.
2108-311, P.L.
108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847,
3909, and 910 of P.L.
108-357, P.L.
108-375, P.L.
108-476, P.L.
109-7, P.L.
109-58,
4excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348,
5and 1351 of P.L.
109-58, P.L.
109-73, excluding section 301 of P.L.
109-73, P.L.
6109-135, excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402
7(e), 403 (e), (j), and (q), and 405 of P.L.
109-135, P.L.
109-151, P.L.
109-222, excluding
8sections 101, 207, 209, 503, 512, and 513 of P.L.
109-222, P.L.
109-227,
and P.L.
9109-280, excluding sections 811 and 844 of P.L.
109-280, P.L. 109-432, excluding
10sections 101, 104, 108, 109, 112, 113, 116, 118, 120, 123 (a), 204, 209, 302, 303, 304,
11305, 307, 401, 404, 417, and 425 of P.L. 109-432, P.L. 110-28, excluding sections
128212, 8221, 8233, and 8235 of P.L. 110-28, P.L. 110-172, excluding section 11 (b), (e),
13and (g) of P.L. 110-172, and P.L. 110-458. The Internal Revenue Code applies for
14Wisconsin purposes at the same time as for federal purposes. Amendments to the
15federal Internal Revenue Code enacted after December 31, 2004, do not apply to this
16paragraph with respect to taxable years beginning after December 31, 2004, and
17before January 1, 2006, except that changes to the Internal Revenue Code made by
18P.L.
109-7, P.L.
109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,
191326, 1328, 1329, 1348, and 1351 of P.L.
109-58, P.L.
109-73, excluding section 301
20of P.L.
109-73, P.L.
109-135, excluding sections 101, 105, 201 (a) as it relates to
21section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135, P.L.
109-151,
22P.L.
109-222, excluding sections 101, 207, 209, 503, 512, and 513 of P.L.
109-222, P.L.
23109-227,
and P.L.
109-280, excluding sections 811 and 844 of P.L.
109-280,
P.L.
24109-432, excluding sections 101, 104, 108, 109, 112, 113, 116, 118, 120, 123 (a), 204,
25209, 302, 303, 304, 305, 307, 401, 404, 417, and 425 of P.L. 109-432, P.L. 110-28,
1excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28, P.L. 110-172, excluding
2section 11 (b), (e), and (g) of P.L. 110-172, and P.L. 110-458, and changes that
3indirectly affect the provisions applicable to this subchapter made by P.L.
109-7, P.L.
4109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
51329, 1348, and 1351 of P.L.
109-58, P.L.
109-73, excluding section 301 of P.L.
6109-73, P.L.
109-135, excluding sections 101, 105, 201 (a) as it relates to section
71400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135, P.L.
109-151, P.L.
8109-222, excluding sections 101, 207, 209, 503, 512, and 513 of P.L.
109-222, P.L.
9109-227,
and P.L.
109-280, excluding sections 811 and 844 of P.L.
109-280,
P.L.
10109-432, excluding sections 101, 104, 108, 109, 112, 113, 116, 118, 120, 123 (a), 204,
11209, 302, 303, 304, 305, 307, 401, 404, 417, and 425 of P.L. 109-432, P.L. 110-28,
12excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28, P.L. 110-172, excluding
13section 11 (b), (e), and (g) of P.L. 110-172, and P.L. 110-458, apply for Wisconsin
14purposes at the same time as for federal purposes.
AB75, s. 1531
15Section
1531. 71.01 (6) (s) of the statutes is amended to read:
AB75,784,616
71.01
(6) (s) For taxable years that begin after December 31, 2005, and before
17January 1, 2007, for natural persons and fiduciaries, except fiduciaries of nuclear
18decommissioning trust or reserve funds, "Internal Revenue Code" means the federal
19Internal Revenue Code as amended to December 31, 2005, excluding sections 103,
20104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203
21(d) of P.L.
103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
22104-188, sections 1, 3, 4, and 5 of P.L.
106-519, sections 162 and 165 of P.L.
106-554,
23P.L.
106-573, section 431 of P.L.
107-16, sections 101 and 301 (a) of P.L.
107-147,
24sections 106, 201, and 202 of P.L.
108-27, section 1201 of P.L.
108-173, sections 306,
25308, 316, 401, and 403 (a) of P.L.
108-311, sections 101, 201, 211, 242, 244, 336, 337,
1422, 847, 909, and 910 of P.L.
108-357, P.L.
109-1, sections 1305, 1308, 1309, 1310,
21323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58, section 11146 of
3P.L.
109-59, section 301 of P.L.
109-73, and sections 101, 105, 201 (a) as it relates
4to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135, and as
5amended by P.L.
109-222, excluding sections 101, 207, 209, 503, 512, and 513 of P.L.
6109-222, P.L.
109-227,
and P.L.
109-280, excluding sections 811 and 844 of P.L.
7109-280,
P.L. 109-432, excluding sections 101, 104, 108, 109, 112, 113, 116, 118, 120,
8123 (a), 204, 209, 302, 303, 304, 305, 307, 401, 404, 417, and 425 of P.L. 109-432, P.L.
9110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28, P.L. 110-141,
10P.L. 110-142, P.L. 110-172, excluding section 11 (b), (e), and (g) of P.L. 110-172, and
11P.L. 110-458, and as indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647,
12P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-280, P.L.
101-508,
13P.L.
102-90, P.L.
102-227, excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
14102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
1513174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
16104-7, P.L.
104-117, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
171311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
18105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
19106-230, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-15,
20P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-22, P.L.
107-116, P.L.
21107-134, P.L.
107-147, excluding sections 101 and 301 (a) of P.L.
107-147, P.L.
22107-181, P.L.
107-210, P.L.
107-276, P.L.
107-358, P.L.
108-27, excluding sections
23106, 201, and 202 of P.L.
108-27, P.L.
108-121, P.L.
108-173, excluding section 1201
24of P.L.
108-173, P.L.
108-203, P.L.
108-218, P.L.
108-311, excluding sections 306,
25308, 316, 401, and 403 (a) of P.L.
108-311, P.L.
108-357, excluding sections 101, 201,
1211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
108-375, P.L.
2108-476, P.L.
109-7, P.L.
109-58, excluding sections 1305, 1308, 1309, 1310, 1323,
31324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58, P.L.
109-59, excluding
4section 11146 of P.L.
109-59, P.L.
109-73, excluding section 301 of P.L.
109-73, P.L.
5109-135, excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402
6(e), 403 (e), (j), and (q), and 405 of P.L.
109-135, P.L.
109-151, P.L.
109-222, excluding
7sections 101, 207, 209, 503, 512, and 513 of P.L.
109-222, P.L.
109-227,
and P.L.
8109-280, excluding sections 811 and 844 of P.L.
109-280, P.L. 109-432, excluding
9sections 101, 104, 108, 109, 112, 113, 116, 118, 120, 123 (a), 204, 209, 302, 303, 304,
10305, 307, 401, 404, 417, and 425 of P.L. 109-432, P.L. 110-28, excluding sections
118212, 8221, 8233, and 8235 of P.L. 110-28, P.L. 110-141, P.L. 110-142, P.L. 110-172,
12excluding section 11 (b), (e), and (g) of P.L. 110-172, and P.L. 110-458. The Internal
13Revenue Code applies for Wisconsin purposes at the same time as for federal
14purposes. Amendments to the federal Internal Revenue Code enacted after
15December 31, 2005, do not apply to this paragraph with respect to taxable years
16beginning after December 31, 2005, and before January 1, 2007, except that changes
17to the Internal Revenue Code made by P.L.
109-222, excluding sections 101, 207,
18209, 503, 512, and 513 of P.L.
109-222, P.L.
109-227,
and P.L.
109-280, excluding
19sections 811 and 844 of P.L.
109-280,
P.L. 109-432, excluding sections 101, 104, 108,
20109, 112, 113, 116, 118, 120, 123 (a), 204, 209, 302, 303, 304, 305, 307, 401, 404, 417,
21and 425 of P.L. 109-432, P.L. 110-28, excluding sections 8212, 8221, 8233, and 8235
22of P.L. 110-28, P.L. 110-141, P.L. 110-142, P.L. 110-172, excluding section 11 (b), (e),
23and (g) of P.L. 110-172, and P.L. 110-458, and changes that indirectly affect the
24provisions applicable to this subchapter made by P.L.
109-222, excluding sections
25101, 207, 209, 503, 512, and 513 of P.L.
109-222, P.L.
109-227,
and P.L.
109-280,
1excluding sections 811 and 844 of P.L.
109-280,
P.L. 109-432, excluding sections 101,
2104, 108, 109, 112, 113, 116, 118, 120, 123 (a), 204, 209, 302, 303, 304, 305, 307, 401,
3404, 417, and 425 of P.L. 109-432, P.L. 110-28, excluding sections 8212, 8221, 8233,
4and 8235 of P.L. 110-28, P.L. 110-141, P.L. 110-142, P.L. 110-172, excluding section
511 (b), (e), and (g) of P.L. 110-172, and P.L. 110-458, apply for Wisconsin purposes
6at the same time as for federal purposes.
AB75, s. 1532
7Section
1532. 71.01 (6) (t) of the statutes is amended to read:
AB75,787,188
71.01
(6) (t) For taxable years that begin after December 31, 2006,
and before
9January 1, 2008, for natural persons and fiduciaries, except fiduciaries of nuclear
10decommissioning trust or reserve funds, "Internal Revenue Code" means the federal
11Internal Revenue Code as amended to December 31, 2006, 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, sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
14104-188, sections 1, 3, 4, and 5 of P.L.
106-519, sections 162 and 165 of P.L.
106-554,
15P.L.
106-573, section 431 of P.L.
107-16, sections 101 and 301 (a) of P.L.
107-147,
16sections 106, 201, and 202 of P.L.
108-27, section 1201 of P.L.
108-173, sections 306,
17308, 316, 401, and 403 (a) of P.L.
108-311, sections 101, 201, 211, 242, 244, 336, 337,
18422, 847, 909, and 910 of P.L.
108-357, P.L.
109-1, sections 1305, 1308, 1309, 1310,
191323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58, section 11146 of
20P.L.
109-59, section 301 of P.L.
109-73, sections 101, 105, 201 (a) as it relates to
21section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135, sections 101,
22207, 209, 503, 512, and 513 of P.L.
109-222, sections 811 and 844 of P.L.
109-280, and
23sections 101, 104, 108, 109, 112, 113, 116, 118, 120, 123 (a), 204, 209, 302, 303, 304,
24305, 307, 401, 404, 417, and 425 of P.L.
109-432,
and as amended by P.L. 110-28,
25excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28, P.L. 110-141, P.L.
1110-142, P.L. 110-166, P.L. 110-172, excluding section 11 (b), (e), and (g) of P.L.
2110-172, P.L. 110-234, excluding sections 15344 and 15345 (a) (1) to (3) and (6) of P.L.
3110-234, P.L. 110-245, excluding sections 110 and 113 of P.L. 110-245, P.L. 110-289,
4excluding sections 3081 and 3082 of P.L. 110-289, P.L. 110-343, excluding sections
5301 and 302 of division A, sections 109, 116, 201, 208, 209, 210, 303, 306, 308, and
6401 of division B, and sections 202, 203, 303, 304, 305, 306, 307, 311, 312, 315, 317,
7318, 321, 322, 323, 324, 502, 505, 512, 702 (a) (1) (A) as it relates to section 1400N
8(k) of the Internal Revenue Code, 702 (d) (6), 707, 708, 710, and 711 of division C of
9P.L. 110-343, and P.L. 110-458, and as indirectly affected 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.
11101-280, P.L.
101-508, P.L.
102-90, 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.
104-117, P.L.
104-188, excluding sections
151123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
16104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
17106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554, excluding sections 162 and 165 of
18P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
19107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding sections 101 and 301 (a)
20of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276, P.L.
107-358, P.L.
108-27,
21excluding sections 106, 201, and 202 of P.L.
108-27, P.L.
108-121, P.L.
108-173,
22excluding section 1201 of P.L.
108-173, P.L.
108-203, P.L.
108-218, P.L.
108-311,
23excluding sections 306, 308, 316, 401, and 403 (a) of P.L.
108-311, P.L.
108-357,
24excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
25108-357, P.L.
108-375, P.L.
108-476, P.L.
109-7, P.L.
109-58, excluding sections
11305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
2109-58, P.L.
109-59, excluding section 11146 of P.L.
109-59, P.L.
109-73, excluding
3section 301 of P.L.
109-73, P.L.
109-135, excluding sections 101, 105, 201 (a) as it
4relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135, P.L.
5109-151, P.L.
109-222, excluding sections 101, 207, 209, 503, 512, and 513 of P.L.
6109-222, P.L.
109-227,
and P.L.
109-280, excluding sections 811 and 844 of P.L.
7109-280, P.L. 109-432, excluding sections 101, 104, 108, 109, 112, 113, 116, 118, 120,
8123 (a), 204, 209, 302, 303, 304, 305, 307, 401, 404, 417, and 425 of P.L. 109-432, P.L.
9110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28, P.L. 110-141,
10P.L. 110-142, P.L. 110-166, P.L. 110-172, excluding section 11 (b), (e), and (g) of P.L.
11110-172, P.L. 110-234, excluding sections 15344 and 15345 (a) (1) to (3) and (6) of P.L.
12110-234, P.L. 110-245, excluding sections 110 and 113 of P.L. 110-245, P.L. 110-289,
13excluding sections 3081 and 3082 of P.L. 110-289, P.L. 110-343, excluding sections
14301 and 302 of division A, sections 109, 116, 201, 208, 209, 210, 303, 306, 308, and
15401 of division B, and sections 202, 203, 303, 304, 305, 306, 307, 311, 312, 315, 317,
16318, 321, 322, 323, 324, 502, 505, 512, 702 (a) (1) (A) as it relates to section 1400N
17(k) of the Internal Revenue Code, 702 (d) (6), 707, 708, 710, and 711 of division C of
18P.L. 110-343, and P.L. 110-458. The Internal Revenue Code applies for Wisconsin
19purposes at the same time as for federal purposes. Amendments to the federal
20Internal Revenue Code enacted after December 31, 2006, do not apply to this
21paragraph with respect to taxable years beginning after December 31, 2006
, and
22before January 1, 2008, except that changes to the Internal Revenue Code made by
23P.L. 110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28, P.L.
24110-141, P.L. 110-142, P.L. 110-166, P.L. 110-172, excluding section 11 (b), (e), and
25(g) of P.L. 110-172, P.L. 110-234, excluding sections 15344 and 15345 (a) (1) to (3) and
1(6) of P.L. 110-234, P.L. 110-245, excluding sections 110 and 113 of P.L. 110-245, P.L.
2110-289, excluding sections 3081 and 3082 of P.L. 110-289, P.L. 110-343, excluding
3sections 301 and 302 of division A, sections 109, 116, 201, 208, 209, 210, 303, 306, 308,
4and 401 of division B, and sections 202, 203, 303, 304, 305, 306, 307, 311, 312, 315,
5317, 318, 321, 322, 323, 324, 502, 505, 512, 702 (a) (1) (A) as it relates to section 1400N
6(k) of the Internal Revenue Code, 702 (d) (6), 707, 708, 710, and 711 of division C of
7P.L. 110-343, and P.L. 110-458, and changes that indirectly affect the provisions
8applicable to this subchapter made by P.L. 110-28, excluding sections 8212, 8221,
98233, and 8235 of P.L. 110-28, P.L. 110-141, P.L. 110-142, P.L. 110-166, P.L.
10110-172, excluding section 11 (b), (e), and (g) of P.L. 110-172, P.L. 110-234, excluding
11sections 15344 and 15345 (a) (1) to (3) and (6) of P.L. 110-234, P.L. 110-245, excluding
12sections 110 and 113 of P.L. 110-245, P.L. 110-289, excluding sections 3081 and 3082
13of P.L. 110-289, P.L. 110-343, excluding sections 301 and 302 of division A, sections
14109, 116, 201, 208, 209, 210, 303, 306, 308, and 401 of division B, and sections 202,
15203, 303, 304, 305, 306, 307, 311, 312, 315, 317, 318, 321, 322, 323, 324, 502, 505, 512,
16702 (a) (1) (A) as it relates to section 1400N (k) of the Internal Revenue Code, 702 (d)
17(6), 707, 708, 710, and 711 of division C of P.L. 110-343, and P.L. 110-458, apply for
18Wisconsin purposes at the same time as for federal purposes.
AB75, s. 1533
19Section
1533. 71.01 (6) (u) of the statutes is created to read:
AB75,790,2120
71.01
(6) (u) For taxable years that begin after December 31, 2007, and before
21January 1, 2009, for natural persons and fiduciaries, except fiduciaries of nuclear
22decommissioning trust or reserve funds, "Internal Revenue Code" means the federal
23Internal Revenue Code as amended to December 31, 2007, excluding sections 103,
24104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203
25(d) of P.L.
103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
1104-188, sections 1, 3, 4, and 5 of P.L.
106-519, sections 162 and 165 of P.L.
106-554,
2P.L.
106-573, section 431 of P.L.
107-16, sections 101 and 301 (a) of P.L.
107-147,
3sections 106, 201, and 202 of P.L.
108-27, section 1201 of P.L.
108-173, sections 306,
4308, 316, 401, and 403 (a) of P.L.
108-311, sections 101, 201, 211, 242, 244, 336, 337,
5422, 847, 909, and 910 of P.L.
108-357, P.L.
109-1, sections 1305, 1308, 1309, 1310,
61323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58, section 11146 of
7P.L.
109-59, section 301 of P.L.
109-73, sections 101, 105, 201 (a) as it relates to
8section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135, sections 101,
9207, 209, 503, and 513 of P.L.
109-222, section 844 of P.L.
109-280, sections 101, 104,
10108, 109, 112, 113, 116, 118, 120, 123 (a), 204, 209, 302, 303, 304, 305, 307, 401, 404,
11417, and 425 of P.L.
109-432, sections 8212, 8221, 8233, and 8235 of P.L.
110-28, P.L.
12110-140, and section 11 (b), (e), and (g) of P.L.
110-172, and as amended by P.L.
13110-234, excluding sections 15344 and 15345 (a) (1) to (3) and (6) of P.L.
110-234, P.L.
14110-245, excluding sections 110 and 113 of P.L.
110-245, P.L.
110-289, excluding
15sections 3081 and 3082 of P.L.
110-289, P.L.
110-317, P.L.
110-343, excluding
16sections 301 and 302 of division A, sections 109, 116, 201, 208, 209, 210, 303, 306, 308,
17and 401 of division B of P.L.
110-343, and sections 202, 203 as it relates to taxable
18years beginning in 2008, 303, 304, 305, 306, 307, 311, 312, 315, 317, 318, 321, 322,
19323, 324, 502, 505, 512, 702 (a) (1) (A) as it relates to section
1400N (k) of the Internal
20Revenue Code,
702 (d) (6),
707,
708,
710, and
711 of division C of P.L.
110-343, P.L.
21110-351, and P.L.
110-458, and as indirectly affected 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.
101-280,
23P.L.
101-508, P.L.
102-90, P.L.
102-227, excluding sections 103, 104, and 110 of P.L.
24102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
25(d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
1103-465, P.L.
104-7, P.L.
104-117, P.L.
104-188, excluding sections 1123 (b), 1202
2(c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
3105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
4106-170, P.L.
106-230, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554,
5P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-22, P.L.
6107-116, P.L.
107-134, P.L.
107-147, excluding sections 101 and 301 (a) of P.L.
7107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276, P.L.
107-358, P.L.
108-27,
8excluding sections 106, 201, and 202 of P.L.
108-27, P.L.
108-121, P.L.
108-173,
9excluding section 1201 of P.L.
108-173, P.L.
108-203, P.L.
108-218, P.L.
108-311,
10excluding sections 306, 308, 316, 401, and 403 (a) of P.L.
108-311, P.L.
108-357,
11excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
12108-357, P.L.
108-375, P.L.
108-476, P.L.
109-7, P.L.
109-58, excluding sections
131305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
14109-58, P.L.
109-59, excluding section 11146 of P.L.
109-59, P.L.
109-73, excluding
15section 301 of P.L.
109-73, P.L.
109-135, excluding sections 101, 105, 201 (a) as it
16relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135, P.L.
17109-151, P.L.
109-222, excluding sections 101, 207, 209, 503, and 513 of P.L.
18109-222, P.L.
109-227, P.L.
109-280, excluding section 844 of P.L.
109-280, P.L.
19109-432, excluding sections 101, 104, 108, 109, 112, 113, 116, 118, 120, 123 (a), 204,
20209, 302, 303, 304, 305, 307, 401, 404, 417, and 425 of P.L.
109-432, P.L.
110-28,
21excluding sections 8212, 8221, 8233, and 8235 of P.L.
110-28, P.L.
110-141, P.L.
22110-142, P.L.
110-166, and P.L.
110-172, excluding section 11 (b), (e), and (g) of P.L.
23110-172. The Internal Revenue Code applies for Wisconsin purposes at the same
24time as for federal purposes. Amendments to the federal Internal Revenue Code
25enacted after December 31, 2007, do not apply to this paragraph with respect to
1taxable years beginning after December 31, 2007, and before January 1, 2009,
2except that changes to the Internal Revenue Code made by P.L.
110-234, excluding
3sections 15344 and15345 (a) (1) to (3) and (6) of P.L.
110-234, P.L.
110-245, excluding
4sections 110 and 113 of P.L.
110-245, P.L.
110-289, excluding sections 3081 and 3082
5of P.L.
110-289, P.L.
110-317, P.L.
110-343, excluding sections 301 and 302 of
6division A, sections 109, 116, 201, 208, 209, 210, 303, 306, 308, and 401 of division
7B of P.L.
110-343, and sections 202, 203 as it relates to taxable years beginning in
82008, 303, 304, 305, 306, 307, 311, 312, 315, 317, 318, 321, 322, 323, 324, 502, 505,
9512, 702 (a) (1) (A) as it relates to section
1400N (k) of the Internal Revenue Code,
10702 (d) (6),
707,
708,
710, and
711 of division C of P.L.
110-343, P.L.
110-351, and P.L.
11110-458, and changes that indirectly affect the provisions applicable to this
12subchapter made by 110-234, excluding sections 15344 and 15345 (a) (1) to (3) and
13(6) of P.L.
110-234, P.L.
110-245, excluding sections 110 and 113 of P.L.
110-245, P.L.
14110-289, excluding sections 3081 and 3082 of P.L.
110-289, P.L.
110-317, P.L.
15110-343, excluding sections 301 and 302 of division A, sections 109, 116, 201, 208,
16209, 210, 303, 306, 308, and 401 of division B of P.L.
110-343, and sections 202, 203
17as it relates to taxable years beginning in 2008, 303, 304, 305, 306, 307, 311, 312, 315,
18317, 318, 321, 322, 323, 324, 502, 505, 512, 702 (a) (1) (A) as it relates to section
1400N 19(k) of the Internal Revenue Code,
702 (d) (6),
707,
708,
710, and
711 of division C of
20P.L.
110-343, P.L.
110-351, and P.L.
110-458, apply for Wisconsin purposes at the
21same time as for federal purposes.
AB75, s. 1534
22Section
1534. 71.01 (6) (um) of the statutes is created to read:
AB75,793,1223
71.01
(6) (um) For taxable years that begin after December 31, 2008, for
24natural persons and fiduciaries, except fiduciaries of nuclear decommissioning trust
25or reserve funds, "Internal Revenue Code" means the federal Internal Revenue Code
1as amended to December 31, 2008, excluding sections 103, 104, and 110 of P.L.
2102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66,
3sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, sections 1, 3,
44, and 5 of P.L.
106-519, sections 162 and 165 of P.L.
106-554, P.L.
106-573, section
5431 of P.L.
107-16, sections 101 and 301 (a) of P.L.
107-147, sections 106, 201, and
6202 of P.L.
108-27, section 1201 of P.L.
108-173, sections 306, 308, 316, 401, and 403
7(a) of P.L.
108-311, sections 101, 102, 201, 211, 242, 244, 336, 337, 422, 847, 909, and
8910 of P.L.
108-357, P.L.
109-1, sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,
91326, 1328, 1329, 1348, and 1351 of P.L.
109-58, section 11146 of P.L.
109-59, section
10301 of P.L.
109-73, sections 101, 105, 201 (a) as it relates to section 1400S (a), 402
11(e), 403 (e), (j), and (q), and 405 of P.L.
109-135, sections 101, 207, 209, 503, and 513
12of P.L.
109-222, section 844 of P.L.
109-280, sections 101, 104, 108, 109, 112, 113, 116,
13118, 120, 123 (a), 204, 209, 302, 303, 304, 305, 307, 401, 404, 417, and 425 of P.L.
14109-432, sections 8212, 8221, 8233, and 8235 of P.L.
110-28, P.L.
110-140, section
1511 (b), (e), and (g) of P.L.
110-172, P.L.
110-185, sections 15344 and 15345 (a) (1) to
16(3) and (6) of P.L.
110-234, P.L.
110-245, excluding sections 110 and 113 of P.L.
17110-245, sections 3081 and 3082 of P.L.
110-289, sections 301 and 302 of division A
18of P.L.
110-343, sections 109, 116, 201, 208, 209, 210, 303, 306, 308, and 401 of
19division B of P.L.
110-343, and sections 202, 303, 304, 305, 306, 307, 311, 312, 315,
20317, 318, 321, 322, 323, 324, 502, 505, 512, 702 (a) (1) (A) as it relates to section
1400N 21(k) of the Internal Revenue Code,
702 (d) (6),
707,
708,
710, and
711 of division C of
22P.L.
110-343, and as indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647,
23P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-280, P.L.
101-508,
24P.L.
102-90, P.L.
102-227, excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
25102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
113174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
2104-7, P.L.
104-117, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
31311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
4105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
5106-230, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-15,
6P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-22, P.L.
107-116, P.L.
7107-134, P.L.
107-147, excluding sections 101 and 301 (a) of P.L.
107-147, P.L.
8107-181, P.L.
107-210, P.L.
107-276, P.L.
107-358, P.L.
108-27, excluding sections
9106, 201, and 202 of P.L.
108-27, P.L.
108-121, P.L.
108-173, excluding section 1201
10of P.L.
108-173, P.L.
108-203, P.L.
108-218, P.L.
108-311, excluding sections
11sections 301 and 302 of division A of P.L.
110-343, sections 109, 116, 201, 208, 209,
12210, 303, 306, 308, and 401 of division B of P.L.
110-343, and sections 202, 303, 304,
13305, 306, 307, 311, 312, 315, 317, 318, 321, 322, 323, 324, 502, 505, 512, 306, 308, 316,
14401, and 403 (a) of P.L.
108-311, P.L.
108-357, excluding sections 101, 102, 201, 211,
15242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
108-375, P.L.
108-476,
16P.L.
109-7, P.L.
109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,
171326, 1328, 1329, 1348, and 1351 of P.L.
109-58, P.L.
109-59, excluding section 11146
18of P.L.
109-59, P.L.
109-73, excluding section 301 of P.L.
109-73, P.L.
109-135,
19excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),
20(j), and (q), and 405 of P.L.
109-135, P.L.
109-151, P.L.
109-222, excluding sections
21101, 207, 209, 503, and 513 of P.L.
109-222, P.L.
109-227, P.L.
109-280, excluding
22section 844 of P.L.
109-280, P.L.
109-432, excluding sections 101, 104, 108, 109, 112,
23113, 116, 118, 120, 123 (a), 204, 209, 302, 303, 304, 305, 307, 401, 404, 417, and 425
24of P.L.
109-432, P.L.
110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L.
25110-28, P.L.
110-141, P.L.
110-142, P.L.
110-166, P.L.
110-172, excluding section 11
1(b), (e), and (g) of P.L.
110-172, P.L.
110-234, excluding sections 15344 and15345 (a)
2(1) to (3) and (6) of P.L.
110-234, P.L.
110-245, excluding sections 110 and 113 of P.L.
3110-245, P.L.
110-289, excluding sections 3081 and 3082 of P.L.
110-289, P.L.
4110-317, P.L.
110-343, excluding sections 301 and 302 of division A of P.L.
110-343,
5sections 109, 116, 201, 208, 209, 210, 303, 306, 308, and 401 of division B of P.L.
6110-343, and sections 202, 303, 304, 305, 306, 307, 311, 312, 315, 317, 318, 321, 322,
7323, 324, 502, 505, 512, 702 (a) (1) (A) as it relates to section
1400N (k) of the Internal
8Revenue Code,
702 (d) (6),
707,
708,
710, and
711 of division C of P.L.
110-343, P.L.
9110-351, and P.L.
110-458, The Internal Revenue Code applies for Wisconsin
10purposes at the same time as for federal purposes. Amendments to the federal
11Internal Revenue Code enacted after December 31, 2008, do not apply to this
12paragraph with respect to taxable years beginning after December 31, 2008.
AB75, s. 1535
13Section
1535. 71.01 (13) of the statutes is amended to read:
AB75,793,1614
71.01
(13) "Wisconsin adjusted gross income" means federal adjusted gross
15income, with the modifications prescribed in s. 71.05 (6) to (12), (19)
and, (20)
, and
16(24).
AB75, s. 1536
17Section
1536. 71.03 (7) (f) of the statutes is created to read:
AB75,793,2018
71.03
(7) (f) For taxable years beginning after December 31, 2008, for persons
19who qualify for a federal extension of time to file under
26 USC 7508A due to a
20presidentially declared disaster or terroristic or military action.
AB75, s. 1537
21Section
1537. 71.04 (7) (a) of the statutes is amended to read:
AB75,794,222
71.04
(7) (a) The sales factor is a fraction, the numerator of which is the total
23sales of the taxpayer in this state during the tax period, and the denominator of
24which is the total sales of the taxpayer everywhere during the tax period. For sales
25of tangible personal property, the numerator of the sales factor is the sales of the
1taxpayer during the tax period under par. (b) 1. and 2. plus
50% 100 percent of the
2sales of the taxpayer during the tax period under pars. (b) 2m. and 3. and (c).
AB75, s. 1538
3Section
1538. 71.04 (7) (df) 3. of the statutes is amended to read:
AB75,794,74
71.04
(7) (df) 3. If the taxpayer is not subject to income tax in the state in which
5the gross receipts are considered received under this paragraph, but the taxpayer's
6commercial domicile is in this state,
50 100 percent of those gross receipts shall be
7included in the numerator of the sales factor.
AB75, s. 1539
8Section
1539. 71.04 (7) (dh) 4. of the statutes is amended to read:
AB75,794,149
71.04
(7) (dh) 4. If the taxpayer is not subject to income tax in the state in which
10the benefit of the service is received, the benefit of the service is received in this state
11to the extent that the taxpayer's employees or representatives performed services
12from a location in this state.
Fifty One hundred percent of the taxpayer's receipts
13that are considered received in this state under this paragraph shall be included in
14the numerator of the sales factor.
AB75, s. 1540
15Section
1540. 71.05 (6) (a) 15. of the statutes is amended to read:
AB75,794,2116
71.05
(6) (a) 15. The amount of the credits computed under s. 71.07 (2dd), (2de),
17(2di), (2dj), (2dL), (2dm), (2dr), (2ds), (2dx),
(2dy), (3g), (3h), (3n), (3p),
(3q), (3r), (3s),
18(3t), (3w), (5e), (5f), (5h), (5i), (5j),
and (5k)
, and (8r) and not passed through by a
19partnership, limited liability company, or tax-option corporation that has added that
20amount to the partnership's, company's, or tax-option corporation's income under s.
2171.21 (4) or 71.34 (1k) (g).
AB75, s. 1541
22Section
1541. 71.05 (6) (a) 21. of the statutes is amended to read:
AB75,795,323
71.05
(6) (a) 21.
Any For taxable years beginning after December 31, 2007, and
24before January 1, 2009, any amount deducted as income attributable to domestic
25production activities under section
199 of the Internal Revenue Code if the
1individual claiming the deduction is a nonresident or part-year resident of this state
2and if the domestic production activities income is not attributable to a trade or
3business that is taxable by this state.
AB75, s. 1542
4Section
1542. 71.05 (6) (a) 22. of the statutes is amended to read:
AB75,795,145
71.05
(6) (a) 22.
If For taxable years beginning after December 31, 2007, and
6before January 1, 2009, if an individual is a nonresident or part-year resident of this
7state and a portion of the amount the individual deducted as income attributable to
8domestic production activities under section
199 of the Internal Revenue Code is
9attributable to a trade or business that is taxable by this state, the amount deducted
10under section 199 for federal income tax purposes and in excess of that amount,
11multiplied by a fraction, the numerator of which is the individual's net earnings from
12the trade or business that is taxable by this state and the denominator of which is
13the individual's total net earnings from the trade or business to which the deduction
14under section
199 of the Internal Revenue Code applies.
AB75, s. 1543
15Section
1543. 71.05 (6) (b) 9. of the statutes is amended to read:
AB75,795,2416
71.05
(6) (b) 9. On assets held more than one year and on all assets acquired
17from a decedent,
60% 40 percent of the capital gain as computed under the internal
18revenue code, not including capital gains for which the federal tax treatment is
19determined under section 406 of P.L.
99-514; not including amounts treated as
20ordinary income for federal income tax purposes because of the recapture of
21depreciation or any other reason; and not including amounts treated as capital gain
22for federal income tax purposes from the sale or exchange of a lottery prize. For
23purposes of this subdivision, the capital gains and capital losses for all assets shall
24be netted before application of the percentage.
AB75, s. 1544
25Section
1544. 71.05 (24) of the statutes is created to read:
AB75,796,2
171.05
(24) Income tax deferral; long-term capital assets. (a) In this
2subsection:
AB75,796,53
1. "Claimant" means an individual; an individual partner or member of a
4partnership, limited liability company, or limited liability partnership; or an
5individual shareholder of a tax-option corporation.
AB75,796,66
2. "Financial institution" has the meaning given in s. 69.30 (1) (b).
AB75,796,97
3. "Long-term capital gain" means the gain realized from the sale of any capital
8asset held more than one year that is treated as a long-term gain under the Internal
9Revenue Code.
AB75,796,1110
4. "Qualified new business venture" means a business certified by the
11department of commerce under s. 560.208.
AB75,796,1412
(b) For taxable years beginning after December 31, 2010, a claimant may
13subtract from federal adjusted gross income any amount, up to $10,000,000, of a
14long-term capital gain if the claimant does all of the following:
AB75,796,1515
1. Deposits the gain into a segregated account in a financial institution.
AB75,796,1816
2. Within 180 days after the sale of the asset that generated the gain, invests
17all of the proceeds in the account described under subd. 1. in a qualified new business
18venture.
AB75,796,2419
3. After making the investment as described under subd. 2., notifies the
20department, on a form prepared by the department, that the claimant will not
21declare on the claimant's income tax return the gain described under subd. 1. because
22the claimant has reinvested the capital gain as described under subd. 2. The form
23shall be sent to the department along with the claimant's income tax return for the
24year to which the claim relates.
AB75,797,3
1(c) The basis of the investment described in par. (b) 2. shall be calculated by
2subtracting the gain described in par. (b) 1. from the amount of the investment
3described in par. (b) 2.
AB75,797,64
(d) If a claimant defers the payment of income taxes on a capital gain under this
5subsection, the claimant may not use the gain described under par. (b) 1. to net
6capital gains and losses, as described under sub. (10) (c).
AB75, s. 1545
7Section
1545. 71.06 (1p) (d) of the statutes is amended to read:
AB75,797,98
71.06
(1p) (d) On all taxable income exceeding $112,500
but not exceeding
9$225,000, 6.75%.
AB75, s. 1546
10Section
1546. 71.06 (1p) (e) of the statutes is created to read:
AB75,797,1111
71.06
(1p) (e) On all taxable income exceeding $225,000, 7.75 percent.
AB75, s. 1547
12Section
1547. 71.06 (2) (g) 4. of the statutes is amended to read:
AB75,797,1413
71.06
(2) (g) 4. On all taxable income exceeding $150,000
but not exceeding
14$300,000, 6.75%.
AB75, s. 1548
15Section
1548. 71.06 (2) (g) 5. of the statutes is created to read:
AB75,797,1616
71.06
(2) (g) 5. On all taxable income exceeding $300,000, 7.75 percent.
AB75, s. 1549
17Section
1549. 71.06 (2) (h) 4. of the statutes is amended to read:
AB75,797,1918
71.06
(2) (h) 4. On all taxable income exceeding $75,000
but not exceeding
19$150,000, 6.75%.
AB75, s. 1550
20Section
1550. 71.06 (2) (h) 5. of the statutes is created to read:
AB75,797,21
2171.06
(2) (h) 5. On all taxable income exceeding $150,000, 7.75 percent.
AB75, s. 1551
22Section
1551. 71.06 (2e) of the statutes is renumbered 71.06 (2e) (a) and
23amended to read:
AB75,798,2124
71.06
(2e) (a) For taxable years beginning after December 31, 1998, and before
25January 1, 2000, the maximum dollar amount in each tax bracket, and the
1corresponding minimum dollar amount in the next bracket, under subs. (1m) and (2)
2(c) and (d), and for taxable years beginning after December 31, 1999, the maximum
3dollar amount in each tax bracket, and the corresponding minimum dollar amount
4in the next bracket, under subs. (1n), (1p)
(a) to (c), and (2) (e), (f), (g)
1. to 3., and (h)
51. to 3., shall be increased each year by a percentage equal to the percentage change
6between the U.S. consumer price index for all urban consumers, U.S. city average,
7for the month of August of the previous year and the U.S. consumer price index for
8all urban consumers, U.S. city average, for the month of August 1997, as determined
9by the federal department of labor, except that for taxable years beginning after
10December 31, 2000, and before January 1, 2002, the dollar amount in the top bracket
11under subs. (1p) (c) and (d), (2) (g) 3. and 4. and (h) 3. and 4. shall be increased by a
12percentage equal to the percentage change between the U.S. consumer price index
13for all urban consumers, U.S. city average, for the month of August of the previous
14year and the U.S. consumer price index for all urban consumers, U.S. city average,
15for the month of August 1999, as determined by the federal department of labor.
16Each amount that is revised under this
subsection
paragraph shall be rounded to the
17nearest multiple of $10 if the revised amount is not a multiple of $10 or, if the revised
18amount is a multiple of $5, such an amount shall be increased to the next higher
19multiple of $10. The department of revenue shall annually adjust the changes in
20dollar amounts required under this
subsection paragraph and incorporate the
21changes into the income tax forms and instructions.
AB75, s. 1552
22Section
1552. 71.06 (2e) (b) of the statutes is created to read:
AB75,799,1123
71.06
(2e) (b) For taxable years beginning after December 31, 2009, the
24maximum dollar amount in each tax bracket, and the corresponding minimum dollar
25amount in the next bracket, under subs. (1p) (d) and (2) (g) 4. and (h) 4., and the dollar
1amount in the top bracket under subs. (1p) (e) and (2) (g) 5. and (h) 5., shall be
2increased each year by a percentage equal to the percentage change between the U.S.
3consumer price index for all urban consumers, U.S. city average, for the month of
4August of the previous year and the U.S. consumer price index for all urban
5consumers, U.S. city average, for the month of August 2008, as determined by the
6federal department of labor. Each amount that is revised under this paragraph shall
7be rounded to the nearest multiple of $10 if the revised amount is not a multiple of
8$10 or, if the revised amount is a multiple of $5, such an amount shall be increased
9to the next higher multiple of $10. The department of revenue shall annually adjust
10the changes in dollar amounts required under this paragraph and incorporate the
11changes into the income tax forms and instructions.
AB75, s. 1553
12Section
1553. 71.07 (2dy) of the statutes is created to read:
AB75,799,1513
71.07
(2dy) Economic development tax credit. (a)
Definition. In this
14subsection, "claimant" means a person who files a claim under this subsection and
15is certified under s. 560.701 (2) and authorized to claim tax benefits under s. 560.703.
AB75,799,1916
(b)
Filing claims. Subject to the limitations under this subsection and ss.
17560.701 to 560.706, for taxable years beginning after December 31, 2008, a claimant
18may claim as a credit against the tax imposed under s. 71.02 or 71.08, up to the
19amount of the tax, the amount authorized for the claimant under s. 560.703.
AB75,799,2320
(c)
Limitations. 1. No credit may be allowed under this subsection unless the
21claimant includes with the claimant's return a copy of the claimant's certification
22under s. 560.701 (2) and a copy of the claimant's notice of eligibility to receive tax
23benefits under s. 560.703 (3).
AB75,800,624
2. Partnerships, limited liability companies, and tax-option corporations may
25not claim the credit under this subsection, but the eligibility for, and the amount of,
1the credit are based on their authorization to claim tax benefits under s. 560.703.
2A partnership, limited liability company, or tax-option corporation shall compute
3the amount of credit that each of its partners, members, or shareholders may claim
4and shall provide that information to each of them. Partners, members of limited
5liability companies, and shareholders of tax-option corporations may claim the
6credit in proportion to their ownership interests.
AB75,800,97
(d)
Administration. 1. Except as provided in subd. 2., s. 71.28 (4) (e) and (f),
8as it applies to the credit under s. 71.28 (4), applies to the credit under this
9subsection.
AB75,800,1810
2. If a claimant's certification is revoked under s. 560.705, or if a claimant
11becomes ineligible for tax benefits under s. 560.702, the claimant may not claim
12credits under this subsection for the taxable year that includes the day on which the
13certification is revoked; the taxable year that includes the day on which the claimant
14becomes ineligible for tax benefits; or succeeding taxable years and the claimant may
15not carry over unused credits from previous years to offset the tax imposed under s.
1671.02 or 71.08 for the taxable year that includes the day on which certification is
17revoked; the taxable year that includes the day on which the claimant becomes
18ineligible for tax benefits; or succeeding taxable years.
AB75,800,2019
3. Section 71.28 (4) (g) and (h), as it applies to the credit under s. 71.28 (4),
20applies to the credit under this subsection.
AB75, s. 1554
21Section
1554. 71.07 (2fd) of the statutes is repealed.
AB75, s. 1555
22Section
1555. 71.07 (3m) (a) 1. (intro.) of the statutes is amended to read:
AB75,800,2523
71.07
(3m) (a) 1. (intro.) "Claimant" means an owner
of farmland, as defined
24in s. 91.01 (9),
2007 stats., of farmland domiciled in this state during the entire year
25for which a credit under this subsection is claimed, except as follows:
AB75, s. 1556
1Section
1556. 71.07 (3m) (a) 3. of the statutes is amended to read:
AB75,801,112
71.07
(3m) (a) 3. "Farmland" means 35 or more acres of real property, exclusive
3of improvements, in this state, in agricultural use, as defined in s. 91.01 (1),
2007
4stats., and owned by the claimant or any member of the claimant's household during
5the taxable year for which a credit under this subsection is claimed if the farm of
6which the farmland is a part, during that year, produced not less than $6,000 in gross
7farm profits resulting from agricultural use, as defined in s. 91.01 (1),
2007 stats., or
8if the farm of which the farmland is a part, during that year and the 2 years
9immediately preceding that year, produced not less than $18,000 in such profits, or
10if at least 35 acres of the farmland, during all or part of that year, was enrolled in the
11conservation reserve program under
16 USC 3831 to
3836.
AB75, s. 1557
12Section
1557. 71.07 (3m) (a) 4. of the statutes is amended to read:
AB75,801,1813
71.07
(3m) (a) 4. "Gross farm profits" means gross receipts, excluding rent,
14from agricultural use, as defined in s. 91.01 (1)
, 2007 stats., including the fair market
15value at the time of disposition of payments in kind for placing land in federal
16programs or payments from the federal dairy termination program under
7 USC
171446 (d), less the cost or other basis of livestock or other items purchased for resale
18which are sold or otherwise disposed of during the taxable year.
