AB75,881,7
171.26
(2) (b) 16. For taxable years that begin after December 31, 2002, and
2before January 1, 2004, for a corporation, conduit, or common law trust which
3qualifies as a regulated investment company, real estate mortgage investment
4conduit, real estate investment trust, or financial asset securitization investment
5trust under the Internal Revenue Code as amended to December 31, 2002, excluding
6sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d),
713174, and 13203 (d) of P.L.
103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and
81605 (d) of P.L.
104-188, P.L.
106-519, sections 162 and 165 of P.L.
106-554, P.L.
9106-573, section 431 of P.L.
107-16, and sections 101 and 301 (a) of P.L.
107-147, and
10as amended by P.L.
108-27, excluding sections 106, 201, and 202 of P.L.
108-27, P.L.
11108-121, excluding section 109 of P.L.
108-121, P.L.
108-173, excluding section 1201
12of P.L.
108-173, P.L.
108-203, P.L.
108-218, P.L.
108-311, excluding sections 306,
13307, 308, 316, 401, and 403 (a) of P.L.
108-311, P.L.
108-357, excluding sections 101,
14201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
108-375,
15P.L.
109-7, P.L.
109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,
161326, 1328, 1329, 1348, and 1351 of P.L.
109-58, P.L.
109-135, excluding sections
17101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405
18of P.L.
109-135,
and P.L.
109-280, excluding sections 811 and 844 of P.L.
109-280,
19P.L. 110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28, P.L.
20110-172, excluding section 11 (b), (e), and (g) of P.L. 110-172, and P.L. 110-458, and
21as indirectly affected in the provisions applicable to this subchapter by P.L.
99-514,
22P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239,
23P.L.
101-508, P.L.
102-227, excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
24102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
2513174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
1104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
2(d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
3105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
4106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16,
5excluding section 431 of P.L.
107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
6107-147, excluding sections 101 and 301 (a) of P.L.
107-147, P.L.
107-181, P.L.
7107-210, P.L.
107-276, P.L.
107-358, P.L.
108-27, excluding sections 106, 201, and
8202 of P.L.
108-27, P.L.
108-121, excluding section 109 of 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, 307, 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.
109-7, P.L.
109-58, excluding sections 1305, 1308, 1309,
131310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58, P.L.
14109-135, excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402
15(e), 403 (e), (j), and (q), and 405 of P.L.
109-135,
and P.L.
109-280, excluding sections
16811 and 844 of P.L.
109-280,
P.L. 110-28, excluding sections 8212, 8221, 8233, and
178235 of P.L. 110-28, P.L. 110-172, excluding section 11 (b), (e), and (g) of P.L. 110-172,
18and P.L. 110-458, "net income" means the federal regulated investment company
19taxable income, federal real estate mortgage investment conduit taxable income,
20federal real estate investment trust or financial asset securitization investment
21trust taxable income of the corporation, conduit, or trust as determined under the
22Internal Revenue Code as amended to December 31, 2002, excluding sections 103,
23104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203
24(d) of P.L.
103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
25104-188, P.L.
106-519, sections 162 and 165 of P.L.
106-554, P.L.
106-573, section
1431 of P.L.
107-16, and sections 101 and 301 (a) of P.L.
107-147, and as amended by
2P.L.
108-27, excluding sections 106, 201, and 202 of P.L.
108-27, P.L.
108-121,
3excluding section 109 of P.L.
108-121, P.L.
108-173, excluding section 1201 of P.L.
4108-173, P.L.
108-203, P.L.
108-218, P.L.
108-311, excluding sections 306, 307, 308,
5316, 401, and 403 (a) of P.L.
108-311, P.L.
108-357, excluding sections 101, 201, 211,
6242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
108-375, P.L.
109-7,
7P.L.
109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
81329, 1348, and 1351 of P.L.
109-58, P.L.
109-135, excluding sections 101, 105, 201
9(a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
10109-135,
and P.L.
109-280, excluding sections 811 and 844 of P.L.
109-280,
P.L.
11110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28, P.L. 110-172,
12excluding section 11 (b), (e), and (g) of P.L. 110-172, and P.L. 110-458, and as
13indirectly affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
14100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
15101-508, P.L.
102-227, excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
16102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
1713174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
18104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
19(d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
20105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
21106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16,
22excluding section 431 of P.L.
107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
23107-147, excluding sections 101 and 301 (a) of P.L.
107-147, P.L.
107-181, P.L.
24107-210, P.L.
107-276, P.L.
107-358, P.L.
108-27, excluding sections 106, 201, and
25202 of P.L.
108-27, P.L.
108-121, excluding section 109 of P.L.
108-121, P.L.
108-173,
1excluding section 1201 of P.L.
108-173, P.L.
108-203, P.L.
108-218, P.L.
108-311,
2excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L.
108-311, P.L.
108-357,
3excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
4108-357, P.L.
108-375, P.L.
109-7, P.L.
109-58, excluding sections 1305, 1308, 1309,
51310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58, 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,
and P.L.
109-280, excluding sections
8811 and 844 of P.L.
109-280,
P.L. 110-28, excluding sections 8212, 8221, 8233, and
98235 of P.L. 110-28, P.L. 110-172, excluding section 11 (b), (e), and (g) of P.L. 110-172,
10and P.L. 110-458, except that property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats.,
11is required to be depreciated for taxable years 1983 to 1986 under the Internal
12Revenue Code as amended to December 31, 1980, shall continue to be depreciated
13under the Internal Revenue Code as amended to December 31, 1980, and except that
14the appropriate amount shall be added or subtracted to reflect differences between
15the depreciation or adjusted basis for federal income tax purposes and the
16depreciation or adjusted basis under this chapter of any property disposed of during
17the taxable year. The Internal Revenue Code as amended to December 31, 2002,
18excluding sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171
19(d), 13174, and 13203 (d) of P.L.
103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and
201605 (d) of P.L.
104-188, P.L.
106-519, sections 162 and 165 of P.L.
106-554, P.L.
21106-573, section 431 of P.L.
107-16, and sections 101 and 301 (a) of P.L.
107-147, and
22as amended by P.L.
108-27, excluding sections 106, 201, and 202 of P.L.
108-27, P.L.
23108-121, excluding section 109 of 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,
25307, 308, 316, 401, and 403 (a) of P.L.
108-311, P.L.
108-357, excluding sections 101,
1201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
108-375,
2P.L.
109-7, P.L.
109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,
31326, 1328, 1329, 1348, and 1351 of P.L.
109-58, P.L.
109-135, excluding sections
4101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405
5of P.L.
109-135,
and P.L.
109-280, excluding sections 811 and 844 of P.L.
109-280,
6P.L. 110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28, P.L.
7110-172, excluding section 11 (b), (e), and (g) of P.L. 110-172, and P.L. 110-458, and
8as indirectly affected in the provisions applicable to this subchapter by P.L.
99-514,
9P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239,
10P.L.
101-508, P.L.
102-227, excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
11102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
1213174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
13104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
14(d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
15105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
16106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16,
17excluding section 431 of P.L.
107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
18107-147, excluding sections 101 and 301 (a) of P.L.
107-147, P.L.
107-181, P.L.
19107-210, P.L.
107-276, P.L.
107-358, P.L.
108-27, excluding sections 106, 201, and
20202 of P.L.
108-27, P.L.
108-121, excluding section 109 of P.L.
108-121, P.L.
108-173,
21excluding section 1201 of P.L.
108-173, P.L.
108-203, P.L.
108-218, P.L.
108-311,
22excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L.
108-311, P.L.
108-357,
23excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
24108-357, P.L.
108-375, P.L.
109-7, P.L.
109-58, excluding sections 1305, 1308, 1309,
251310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58, P.L.
1109-135, excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402
2(e), 403 (e), (j), and (q), and 405 of P.L.
109-135,
and P.L.
109-280, excluding sections
3811 and 844 of P.L.
109-280,
P.L. 110-28, excluding sections 8212, 8221, 8233, and
48235 of P.L. 110-28, P.L. 110-172, excluding section 11 (b), (e), and (g) of P.L. 110-172,
5and P.L. 110-458, applies for Wisconsin purposes at the same time as for federal
6purposes. Amendments to the Internal Revenue Code enacted after December 31,
72002, do not apply to this subdivision with respect to taxable years that begin after
8December 31, 2002, and before January 1, 2004, except that changes to the Internal
9Revenue Code made by P.L.
108-27, excluding sections 106, 201, and 202 of P.L.
10108-27, P.L.
108-121, excluding section 109 of P.L.
108-121, P.L.
108-173, excluding
11section 1201 of P.L.
108-173, P.L.
108-203, P.L.
108-218, P.L.
108-311, excluding
12sections 306, 307, 308, 316, 401, and 403 (a) of P.L.
108-311, P.L.
108-357, excluding
13sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
14108-375, P.L.
109-7, P.L.
109-58, excluding sections 1305, 1308, 1309, 1310, 1323,
151324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58, P.L.
109-135, excluding
16sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and
17(q), and 405 of P.L.
109-135,
and P.L.
109-280, excluding sections 811 and 844 of P.L.
18109-280,
P.L. 110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28,
19P.L. 110-172, excluding section 11 (b), (e), and (g) of P.L. 110-172, and P.L. 110-458, 20and changes that indirectly affect the provisions applicable to this subchapter made
21by P.L.
108-27, excluding sections 106, 201, and 202 of P.L.
108-27, P.L.
108-121,
22excluding section 109 of P.L.
108-121, P.L.
108-173, excluding section 1201 of P.L.
23108-173, P.L.
108-203, P.L.
108-218, P.L.
108-311, excluding sections 306, 307, 308,
24316, 401, and 403 (a) of P.L.
108-311, P.L.
108-357, excluding sections 101, 201, 211,
25242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
108-375, P.L.
109-7,
1P.L.
109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
21329, 1348, and 1351 of P.L.
109-58, P.L.
109-135, excluding sections 101, 105, 201
3(a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
4109-135,
and P.L.
109-280, excluding sections 811 and 844 of P.L.
109-280,
P.L.
5110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28, P.L. 110-172,
6excluding section 11 (b), (e), and (g) of P.L. 110-172, and P.L. 110-458, apply for
7Wisconsin purposes at the same time as for federal purposes.
AB75, s. 1629
8Section
1629. 71.26 (2) (b) 17. of the statutes is amended to read:
AB75,887,179
71.26
(2) (b) 17. For taxable years that begin after December 31, 2003, and
10before January 1, 2005, for a corporation, conduit, or common law trust which
11qualifies as a regulated investment company, real estate mortgage investment
12conduit, real estate investment trust, or financial asset securitization investment
13trust under the Internal Revenue Code as amended to December 31, 2003, excluding
14sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d),
1513174, and 13203 (d) of P.L.
103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and
161605 (d) of P.L.
104-188, P.L.
106-519, sections 162 and 165 of P.L.
106-554, P.L.
17106-573, section 431 of P.L.
107-16, sections 101 and 301 (a) of P.L.
107-147, sections
18106, 201, and 202 of P.L.
108-27, section 109 of P.L.
108-121, and section 1201 of P.L.
19108-173, and as amended by P.L.
108-203, P.L.
108-218, P.L.
108-311, excluding
20sections 306, 307, 308, 316, 401, and 403 (a) of P.L.
108-311, P.L.
108-357, excluding
21sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
22108-375, P.L.
108-476, P.L.
109-7, P.L.
109-58, excluding sections 1305, 1308, 1309,
231310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58, P.L.
109-73,
24excluding section 301 of P.L.
109-73, P.L.
109-135, excluding sections 101, 105, 201
25(a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
1109-135, P.L.
109-227,
and P.L.
109-280, excluding sections 811 and 844 of P.L.
2109-280,
P.L. 110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28,
3P.L. 110-172, excluding section 11 (b), (e), and (g) of P.L. 110-172, and P.L. 110-458, 4and as indirectly affected in the provisions applicable to this subchapter by P.L.
599-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
6101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104, and 110 of P.L.
7102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
8(d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
9103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
101311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
11105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
12106-230, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-15,
13P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-22, P.L.
107-116, P.L.
14107-134, P.L.
107-147, excluding sections 101 and 301 (a) of P.L.
107-147, P.L.
15107-181, P.L.
107-210, P.L.
107-276, P.L.
107-358, P.L.
108-27, excluding sections
16106, 201, and 202 of P.L.
108-27, P.L.
108-121, excluding section 109 of P.L.
108-121,
17P.L.
108-173, excluding section 1201 of P.L.
108-173, P.L.
108-203, P.L.
108-218,
18P.L.
108-311, excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L.
108-311,
19P.L.
108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and
20910 of P.L.
108-357, P.L.
108-375, P.L.
108-476, P.L.
109-7, P.L.
109-58, excluding
21sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351
22of P.L.
109-58, P.L.
109-73, excluding section 301 of P.L.
109-73, P.L.
109-135,
23excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),
24(j), and (q), and 405 of P.L.
109-135, P.L.
109-227,
and P.L.
109-280, excluding
25sections 811 and 844 of P.L.
109-280,
P.L. 110-28, excluding sections 8212, 8221,
18233, and 8235 of P.L. 110-28, P.L. 110-172, excluding section 11 (b), (e), and (g) of
2P.L. 110-172, and P.L. 110-458, "net income" means the federal regulated
3investment company taxable income, federal real estate mortgage investment
4conduit taxable income, federal real estate investment trust or financial asset
5securitization investment trust taxable income of the corporation, conduit, or trust
6as determined under the Internal Revenue Code as amended to December 31, 2003,
7excluding sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171
8(d), 13174, and 13203 (d) of P.L.
103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and
91605 (d) of P.L.
104-188, P.L.
106-519, sections 162 and 165 of P.L.
106-554, P.L.
10106-573, section 431 of P.L.
107-16, sections 101 and 301 (a) of P.L.
107-147, sections
11106, 201, and 202 of P.L.
108-27, section 109 of P.L.
108-121, and section 1201 of P.L.
12108-173, and as amended by P.L.
108-203, P.L.
108-218, P.L.
108-311, excluding
13sections 306, 307, 308, 316, 401, and 403 (a) of P.L.
108-311, P.L.
108-357, excluding
14sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
15108-375, P.L.
108-476, P.L.
109-7, P.L.
109-58, excluding sections 1305, 1308, 1309,
161310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58, P.L.
109-73,
17excluding section 301 of P.L.
109-73, P.L.
109-135, excluding sections 101, 105, 201
18(a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
19109-135, P.L.
109-227,
and P.L.
109-280, excluding sections 811 and 844 of P.L.
20109-280,
P.L. 110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28,
21P.L. 110-172, excluding section 11 (b), (e), and (g) of P.L. 110-172, and P.L. 110-458, 22and as indirectly affected in the provisions applicable to this subchapter by P.L.
2399-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
24101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104, and 110 of P.L.
25102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
1(d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
2103-465, P.L.
104-7, 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, excluding section 109 of P.L.
108-121,
10P.L.
108-173, excluding section 1201 of P.L.
108-173, P.L.
108-203, P.L.
108-218,
11P.L.
108-311, excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L.
108-311,
12P.L.
108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and
13910 of P.L.
108-357, P.L.
108-375, P.L.
108-476, 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.
109-73, excluding section 301 of P.L.
109-73, P.L.
109-135,
16excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),
17(j), and (q), and 405 of P.L.
109-135, P.L.
109-227,
and P.L.
109-280, excluding
18sections 811 and 844 of P.L.
109-280,
P.L. 110-28, excluding sections 8212, 8221,
198233, and 8235 of P.L. 110-28, P.L. 110-172, excluding section 11 (b), (e), and (g) of
20P.L. 110-172, and P.L. 110-458, except that property that, under s. 71.02 (1) (c) 8. to
2111., 1985 stats., is required to be depreciated for taxable years 1983 to 1986 under
22the Internal Revenue Code as amended to December 31, 1980, shall continue to be
23depreciated under the Internal Revenue Code as amended to December 31, 1980,
24and except that the appropriate amount shall be added or subtracted to reflect
25differences between the depreciation or adjusted basis for federal income tax
1purposes and the depreciation or adjusted basis under this chapter of any property
2disposed of during the taxable year. The Internal Revenue Code as amended to
3December 31, 2003, excluding sections 103, 104, and 110 of P.L.
102-227, sections
413113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, sections 1123 (b),
51202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
106-519, sections 162 and
6165 of P.L.
106-554, P.L.
106-573, section 431 of P.L.
107-16, sections 101 and 301
7(a) of P.L.
107-147, sections 106, 201, and 202 of P.L.
108-27, section 109 of P.L.
8108-121, and section 1201 of P.L.
108-173, and as amended by P.L.
108-203, P.L.
9108-218, P.L.
108-311, excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L.
10108-311, P.L.
108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847,
11909, and 910 of P.L.
108-357, P.L.
108-375, P.L.
108-476, P.L.
109-7, P.L.
109-58,
12excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348,
13and 1351 of P.L.
109-58, P.L.
109-73, excluding section 301 of P.L.
109-73, P.L.
14109-135, excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402
15(e), 403 (e), (j), and (q), and 405 of P.L.
109-135, P.L.
109-227,
and P.L.
109-280,
16excluding sections 811 and 844 of P.L.
109-280,
P.L. 110-28, excluding sections 8212,
178221, 8233, and 8235 of P.L. 110-28, P.L. 110-172, excluding section 11 (b), (e), and
18(g) of P.L. 110-172, and P.L. 110-458, and as indirectly affected in the provisions
19applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
20101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
21excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
22103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
23103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
24excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
25104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
1105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554, excluding sections
2162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
3107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding sections
4101 and 301 (a) of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276, P.L.
5107-358, P.L.
108-27, excluding sections 106, 201, and 202 of P.L.
108-27, P.L.
6108-121, excluding section 109 of P.L.
108-121, P.L.
108-173, excluding section 1201
7of P.L.
108-173, P.L.
108-203, P.L.
108-218, P.L.
108-311, excluding sections 306,
8307, 308, 316, 401, and 403 (a) of P.L.
108-311, P.L.
108-357, excluding sections 101,
9201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
108-375,
10P.L.
108-476, P.L.
109-7, P.L.
109-58, excluding sections 1305, 1308, 1309, 1310,
111323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58, P.L.
109-73,
12excluding section 301 of P.L.
109-73, P.L.
109-135, excluding sections 101, 105, 201
13(a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
14109-135, P.L.
109-227,
and P.L.
109-280, excluding sections 811 and 844 of P.L.
15109-280,
P.L. 110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28,
16P.L. 110-172, excluding section 11 (b), (e), and (g) of P.L. 110-172, and P.L. 110-458, 17applies for Wisconsin purposes at the same time as for federal purposes.
18Amendments to the Internal Revenue Code enacted after December 31, 2003, do not
19apply to this subdivision with respect to taxable years that begin after
20December 31, 2003, and before January 1, 2005, except that changes to the Internal
21Revenue Code made by P.L.
108-203, P.L.
108-218, P.L.
108-311, excluding sections
22306, 307, 308, 316, 401, and 403 (a) of P.L.
108-311, P.L.
108-357, excluding sections
23101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
24108-375, P.L.
108-476, P.L.
109-7, P.L.
109-58, excluding sections 1305, 1308, 1309,
251310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58, P.L.
109-73,
1excluding section 301 of P.L.
109-73, P.L.
109-135, excluding sections 101, 105, 201
2(a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
3109-135, P.L.
109-227,
and P.L.
109-280, excluding sections 811 and 844 of P.L.
4109-280,
P.L. 110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28,
5P.L. 110-172, excluding section 11 (b), (e), and (g) of P.L. 110-172, and P.L. 110-458, 6and changes that indirectly affect the provisions applicable to this subchapter made
7by P.L.
108-203, P.L.
108-218, P.L.
108-311, excluding sections 306, 307, 308, 316,
8401, and 403 (a) of P.L.
108-311, P.L.
108-357, excluding sections 101, 201, 211, 242,
9244, 336, 337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
108-375, P.L.
108-476, P.L.
10109-7, P.L.
109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,
111326, 1328, 1329, 1348, and 1351 of P.L.
109-58, P.L.
109-73, excluding section 301
12of P.L.
109-73, P.L.
109-135, excluding sections 101, 105, 201 (a) as it relates to
13section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135, P.L.
109-227,
14and P.L.
109-280, excluding sections 811 and 844 of P.L.
109-280,
P.L. 110-28,
15excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28, P.L. 110-172, excluding
16section 11 (b), (e), and (g) of P.L. 110-172, and P.L. 110-458, apply for Wisconsin
17purposes at the same time as for federal purposes.
AB75, s. 1630
18Section
1630. 71.26 (2) (b) 18. of the statutes is amended to read:
AB75,894,1419
71.26
(2) (b) 18. For taxable years that begin after December 31, 2004, and
20before January 1, 2006, 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, 2004, 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, sections 1123 (b), 1202 (c), 1204 (f), 1311, and
11605 (d) of P.L.
104-188, sections 1, 3, 4, and 5 of P.L.
106-519, sections 162 and 165
2of P.L.
106-554, P.L.
106-573, section 431 of P.L.
107-16, sections 101 and 301 (a) of
3P.L.
107-147, sections 106, 201, and 202 of P.L.
108-27, section 1201 of P.L.
108-173,
4sections 306, 308, 316, 401, and 403 (a) of P.L.
108-311, and sections 101, 201, 211,
5242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
108-357, and as amended by P.L.
6109-7, P.L.
109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,
71326, 1328, 1329, 1348, and 1351 of P.L.
109-58, P.L.
109-73, excluding section 301
8of P.L.
109-73, P.L.
109-135, excluding sections 101, 105, 201 (a) as it relates to
9section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135, P.L.
109-151,
10P.L.
109-222, excluding sections 101, 207, 209, 503, 512, and 513 of P.L.
109-222, P.L.
11109-227,
and P.L.
109-280, excluding sections 811 and 844 of P.L.
109-280,
P.L.
12109-432, excluding sections 101, 104, 108, 109, 112, 113, 116, 118, 120, 123 (a), 204,
13209, 302, 303, 304, 305, 307, 401, 404, 417, and 425 of P.L. 109-432, P.L. 110-28,
14excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28, P.L. 110-172, excluding
15section 11 (b), (e), and (g) of P.L. 110-172, and P.L. 110-458, and as indirectly affected
16in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, 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, P.L.
106-170, P.L.
106-230, P.L.
106-554,
24excluding sections 162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding
25section 431 of P.L.
107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147,
1excluding sections 101 and 301 (a) of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
2107-276, P.L.
107-358, P.L.
108-27, excluding sections 106, 201, and 202 of P.L.
3108-27, P.L.
108-121, P.L.
108-173, excluding section 1201 of P.L.
108-173, P.L.
4108-203, P.L.
108-218, P.L.
108-311, excluding sections 306, 308, 316, 401, and 403
5(a) of P.L.
108-311, P.L.
108-357, excluding sections 101, 201, 211, 242, 244, 336, 337,
6422, 847, 909, and 910 of P.L.
108-357, P.L.
108-375, P.L.
108-476, P.L.
109-7, P.L.
7109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
81329, 1348, and 1351 of P.L.
109-58, P.L.
109-73, excluding section 301 of P.L.
9109-73, P.L.
109-135, excluding sections 101, 105, 201 (a) as it relates to section
101400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135, P.L.
109-151, P.L.
11109-222, excluding sections 101, 207, 209, 503, 512, and 513 of P.L.
109-222, P.L.
12109-227,
and P.L.
109-280, excluding sections 811 and 844 of P.L.
109-280,
P.L.
13109-432, excluding sections 101, 104, 108, 109, 112, 113, 116, 118, 120, 123 (a), 204,
14209, 302, 303, 304, 305, 307, 401, 404, 417, and 425 of P.L. 109-432, P.L. 110-28,
15excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28, P.L. 110-172, excluding
16section 11 (b), (e), and (g) of P.L. 110-172, and P.L. 110-458, "net income" means the
17federal regulated investment company taxable income, federal real estate mortgage
18investment conduit taxable income, federal real estate investment trust or financial
19asset securitization investment trust taxable income of the corporation, conduit, or
20trust as determined under the Internal Revenue Code as amended to December 31,
212004, excluding sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d),
2213171 (d), 13174, and 13203 (d) of P.L.
103-66, sections 1123 (b), 1202 (c), 1204 (f),
231311, and 1605 (d) of P.L.
104-188, sections 1, 3, 4, and 5 of P.L.
106-519, sections
24162 and 165 of P.L.
106-554, P.L.
106-573, section 431 of P.L.
107-16, sections 101
25and 301 (a) of P.L.
107-147, sections 106, 201, and 202 of P.L.
108-27, section 1201
1of P.L.
108-173, sections 306, 308, 316, 401, and 403 (a) of P.L.
108-311, and sections
2101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
108-357, and as
3amended by P.L.
109-7, P.L.
109-58, excluding sections 1305, 1308, 1309, 1310, 1323,
41324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58, P.L.
109-73, excluding
5section 301 of P.L.
109-73, P.L.
109-135, excluding sections 101, 105, 201 (a) as it
6relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135, P.L.
7109-151, P.L.
109-222, excluding sections 101, 207, 209, 503, 512, and 513 of P.L.
8109-222, P.L.
109-227,
and P.L.
109-280, excluding sections 811 and 844 of P.L.
9109-280,
P.L. 109-432, excluding sections 101, 104, 108, 109, 112, 113, 116, 118, 120,
10123 (a), 204, 209, 302, 303, 304, 305, 307, 401, 404, 417, and 425 of P.L. 109-432, P.L.
11110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28, P.L. 110-172,
12excluding section 11 (b), (e), and (g) of P.L. 110-172, and P.L. 110-458, and as
13indirectly affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
14100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
15101-508, P.L.
102-227, excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
16102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
1713174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
18104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
19(d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
20105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
21106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16,
22excluding section 431 of P.L.
107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
23107-147, excluding sections 101 and 301 (a) of P.L.
107-147, P.L.
107-181, P.L.
24107-210, P.L.
107-276, P.L.
107-358, P.L.
108-27, excluding sections 106, 201, and
25202 of P.L.
108-27, P.L.
108-121, P.L.
108-173, excluding section 1201 of P.L.
1108-173, P.L.
108-203, P.L.
108-218, P.L.
108-311, excluding sections 306, 308, 316,
2401, and 403 (a) of P.L.
108-311, P.L.
108-357, excluding sections 101, 201, 211, 242,
3244, 336, 337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
108-375, P.L.
108-476, P.L.
4109-7, P.L.
109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,
51326, 1328, 1329, 1348, and 1351 of P.L.
109-58, P.L.
109-73, excluding section 301
6of P.L.
109-73, P.L.
109-135, excluding sections 101, 105, 201 (a) as it relates to
7section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135, P.L.
109-151,
8P.L.
109-222, 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, except that property that,
14under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated for taxable
15years 1983 to 1986 under the Internal Revenue Code as amended to
16December 31, 1980, shall continue to be depreciated under the Internal Revenue
17Code as amended to December 31, 1980, and except that the appropriate amount
18shall be added or subtracted to reflect differences between the depreciation or
19adjusted basis for federal income tax purposes and the depreciation or adjusted basis
20under this chapter of any property disposed of during the taxable year. The Internal
21Revenue Code as amended to December 31, 2004, excluding sections 103, 104, and
22110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
23103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188,
24sections 1, 3, 4, and 5 of P.L.
106-519, sections 162 and 165 of P.L.
106-554, P.L.
25106-573, section 431 of P.L.
107-16, sections 101 and 301 (a) of P.L.
107-147, sections
1106, 201, and 202 of P.L.
108-27, section 1201 of P.L.
108-173, sections 306, 308, 316,
2401, and 403 (a) of P.L.
108-311, and sections 101, 201, 211, 242, 244, 336, 337, 422,
3847, 909, and 910 of P.L.
108-357, and as amended by 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, and as indirectly affected in the provisions
14applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
15101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
16excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
17103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
18103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
19excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
20104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
21105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554, excluding sections
22162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
23107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding sections
24101 and 301 (a) of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276, P.L.
25107-358, P.L.
108-27, excluding sections 106, 201, and 202 of P.L.
108-27, P.L.
1108-121, P.L.
108-173, excluding section 1201 of P.L.
108-173, P.L.
108-203, P.L.
2108-218, P.L.
108-311, excluding sections 306, 308, 316, 401, and 403 (a) of P.L.
3108-311, P.L.
108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847,
4909, and 910 of P.L.
108-357, P.L.
108-375, P.L.
108-476, P.L.
109-7, P.L.
109-58,
5excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348,
6and 1351 of P.L.
109-58, P.L.
109-73, excluding section 301 of P.L.
109-73, P.L.
7109-135, excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402
8(e), 403 (e), (j), and (q), and 405 of P.L.
109-135, P.L.
109-151, P.L.
109-222, excluding
9sections 101, 207, 209, 503, 512, and 513 of P.L.
109-222, P.L.
109-227,
and P.L.
10109-280, excluding sections 811 and 844 of P.L.
109-280,
P.L. 109-432, excluding
11sections 101, 104, 108, 109, 112, 113, 116, 118, 120, 123 (a), 204, 209, 302, 303, 304,
12305, 307, 401, 404, 417, and 425 of P.L. 109-432, P.L. 110-28, excluding sections
138212, 8221, 8233, and 8235 of P.L. 110-28, P.L. 110-172, excluding section 11 (b), (e),
14and (g) of P.L. 110-172, and P.L. 110-458, applies for Wisconsin purposes at the same
15time as for federal purposes. Amendments to the Internal Revenue Code enacted
16after December 31, 2004, do not apply to this subdivision with respect to taxable
17years that begin after December 31, 2004, and before January 1, 2006, except that
18changes to the Internal Revenue Code made by P.L.
109-7, P.L.
109-58, excluding
19sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351
20of P.L.
109-58, P.L.
109-73, excluding section 301 of P.L.
109-73, P.L.
109-135,
21excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),
22(j), and (q), and 405 of P.L.
109-135, P.L.
109-151, P.L.
109-222, excluding sections
23101, 207, 209, 503, 512, and 513 of P.L.
109-222, P.L.
109-227,
and P.L.
109-280,
24excluding sections 811 and 844 of P.L.
109-280,
P.L. 109-432, excluding sections 101,
25104, 108, 109, 112, 113, 116, 118, 120, 123 (a), 204, 209, 302, 303, 304, 305, 307, 401,
1404, 417, and 425 of P.L. 109-432, P.L. 110-28, excluding sections 8212, 8221, 8233,
2and 8235 of P.L. 110-28, P.L. 110-172, excluding section 11 (b), (e), and (g) of P.L.
3110-172, and P.L. 110-458, and changes that indirectly affect the provisions
4applicable to this subchapter made by P.L.
109-7, P.L.
109-58, excluding sections
51305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
6109-58, P.L.
109-73, excluding section 301 of P.L.
109-73, P.L.
109-135, excluding
7sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and
8(q), and 405 of P.L.
109-135, P.L.
109-151, P.L.
109-222, excluding sections 101, 207,
9209, 503, 512, and 513 of P.L.
109-222, P.L.
109-227,
and P.L.
109-280, excluding
10sections 811 and 844 of P.L.
109-280,
P.L. 109-432, excluding sections 101, 104, 108,
11109, 112, 113, 116, 118, 120, 123 (a), 204, 209, 302, 303, 304, 305, 307, 401, 404, 417,
12and 425 of P.L. 109-432, 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, apply for Wisconsin purposes at the same time as for federal purposes.
AB75, s. 1631
15Section
1631. 71.26 (2) (b) 19. of the statutes is amended to read:
AB75,901,616
71.26
(2) (b) 19. For taxable years that begin after December 31, 2005, and
17before January 1, 2007, for a corporation, conduit, or common law trust which
18qualifies as a regulated investment company, real estate mortgage investment
19conduit, real estate investment trust, or financial asset securitization investment
20trust under the Internal Revenue Code as amended to December 31, 2005, excluding
21sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d),
2213174, and 13203 (d) of P.L.
103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and
231605 (d) of P.L.
104-188, sections 1, 3, 4, and 5 of P.L.
106-519, sections 162 and 165
24of P.L.
106-554, P.L.
106-573, section 431 of P.L.
107-16, sections 101 and 301 (a) of
25P.L.
107-147, sections 106, 201, and 202 of P.L.
108-27, section 1201 of P.L.
108-173,
1sections 306, 308, 316, 401, and 403 (a) of P.L.
108-311, sections 101, 201, 211, 242,
2244, 336, 337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
109-1, sections 1305, 1308,
31309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58,
4section 11146 of P.L.
109-59, section 301 of P.L.
109-73, and sections 101, 105, 201
5(a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
6109-135, and as amended by P.L.
109-222, excluding sections 101, 207, 209, 503,
7512, and 513 of P.L.
109-222, P.L.
109-227,
and P.L.
109-280, excluding sections 811
8and 844 of P.L.
109-280,
P.L. 109-432, excluding sections 101, 104, 108, 109, 112, 113,
9116, 118, 120, 123 (a), 204, 209, 302, 303, 304, 305, 307, 401, 404, 417, and 425 of P.L.
10109-432, P.L. 110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28,
11P.L. 110-141, P.L. 110-142, P.L. 110-172, excluding section 11 (b), (e), and (g) of P.L.
12110-172, and P.L. 110-458, and as indirectly affected in the provisions applicable to
13this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
14101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections
15103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding
16sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
17103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections
181123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
19104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
20106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554, excluding sections 162 and 165 of
21P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
22107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding sections 101 and 301 (a)
23of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276, P.L.
107-358, P.L.
108-27,
24excluding sections 106, 201, and 202 of P.L.
108-27, P.L.
108-121, P.L.
108-173,
25excluding section 1201 of P.L.
108-173, P.L.
108-203, P.L.
108-218, P.L.
108-311,
1excluding sections 306, 308, 316, 401, and 403 (a) of P.L.
108-311, P.L.
108-357,
2excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
3108-357, P.L.
108-375, P.L.
108-476, P.L.
109-7, P.L.
109-58, excluding sections
41305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
5109-58, P.L.
109-59, excluding section 11146 of P.L.
109-59, P.L.
109-73, excluding
6section 301 of P.L.
109-73, P.L.
109-135, excluding sections 101, 105, 201 (a) as it
7relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135, P.L.
8109-151, P.L.
109-222, excluding sections 101, 207, 209, 503, 512, and 513 of P.L.
9109-222, P.L.
109-227,
and P.L.
109-280, excluding sections 811 and 844 of P.L.
10109-280,
P.L. 109-432, excluding sections 101, 104, 108, 109, 112, 113, 116, 118, 120,
11123 (a), 204, 209, 302, 303, 304, 305, 307, 401, 404, 417, and 425 of P.L. 109-432, P.L.
12110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28, P.L. 110-141,
13P.L. 110-142, P.L. 110-172, excluding section 11 (b), (e), and (g) of P.L. 110-172, and
14P.L. 110-458, "net income" means the federal regulated investment company taxable
15income, federal real estate mortgage investment conduit taxable income, federal real
16estate investment trust or financial asset securitization investment trust taxable
17income of the corporation, conduit, or trust as determined under the Internal
18Revenue Code as amended to December 31, 2005, excluding sections 103, 104, and
19110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
20103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188,
21sections 1, 3, 4, and 5 of P.L.
106-519, sections 162 and 165 of P.L.
106-554, P.L.
22106-573, section 431 of P.L.
107-16, sections 101 and 301 (a) of P.L.
107-147, sections
23106, 201, and 202 of P.L.
108-27, section 1201 of P.L.
108-173, sections 306, 308, 316,
24401, and 403 (a) of P.L.
108-311, sections 101, 201, 211, 242, 244, 336, 337, 422, 847,
25909, and 910 of P.L.
108-357, P.L.
109-1, sections 1305, 1308, 1309, 1310, 1323, 1324,
11325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58, section 11146 of P.L.
109-59,
2section 301 of P.L.
109-73, and sections 101, 105, 201 (a) as it relates to section 1400S
3(a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135, and as amended by P.L.
4109-222, excluding sections 101, 207, 209, 503, 512, and 513 of P.L.
109-222, P.L.
5109-227,
and P.L.
109-280, excluding sections 811 and 844 of P.L.
109-280,
P.L.
6109-432, excluding sections 101, 104, 108, 109, 112, 113, 116, 118, 120, 123 (a), 204,
7209, 302, 303, 304, 305, 307, 401, 404, 417, and 425 of P.L. 109-432, P.L. 110-28,
8excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28, P.L. 110-141, P.L.
9110-142, P.L. 110-172, excluding section 11 (b), (e), and (g) of P.L. 110-172, and P.L.
10110-458, and as indirectly affected in the provisions applicable to this subchapter by
11P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179,
12P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104, and 110 of P.L.
13102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
14(d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
15103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
161311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
17105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
18106-230, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-15,
19P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-22, P.L.
107-116, P.L.
20107-134, P.L.
107-147, excluding sections 101 and 301 (a) of P.L.
107-147, P.L.
21107-181, P.L.
107-210, P.L.
107-276, P.L.
107-358, P.L.
108-27, excluding sections
22106, 201, and 202 of P.L.
108-27, P.L.
108-121, P.L.
108-173, excluding section 1201
23of P.L.
108-173, P.L.
108-203, P.L.
108-218, P.L.
108-311, excluding sections 306,
24308, 316, 401, and 403 (a) of P.L.
108-311, P.L.
108-357, excluding sections 101, 201,
25211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
108-375, P.L.
1108-476, P.L.
109-7, P.L.
109-58, excluding sections 1305, 1308, 1309, 1310, 1323,
21324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58, P.L.
109-59, excluding
3section 11146 of P.L.
109-59, P.L.
109-73, excluding section 301 of P.L.
109-73, 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, P.L.
109-151, P.L.
109-222, excluding
6sections 101, 207, 209, 503, 512, and 513 of P.L.
109-222, 109-227, P.L.
109-227,
and 7P.L.
109-280, excluding sections 811 and 844 of P.L.
109-280,
P.L. 109-432,
8excluding sections 101, 104, 108, 109, 112, 113, 116, 118, 120, 123 (a), 204, 209, 302,
9303, 304, 305, 307, 401, 404, 417, and 425 of P.L. 109-432, P.L. 110-28, excluding
10sections 8212, 8221, 8233, and 8235 of P.L. 110-28, P.L. 110-141, P.L. 110-142, P.L.
11110-172, excluding section 11 (b), (e), and (g) of P.L. 110-172, and P.L. 110-458, 12except that property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to
13be depreciated for taxable years 1983 to 1986 under the Internal Revenue Code as
14amended to December 31, 1980, shall continue to be depreciated under the Internal
15Revenue Code as amended to December 31, 1980, and except that the appropriate
16amount shall be added or subtracted to reflect differences between the depreciation
17or adjusted basis for federal income tax purposes and the depreciation or adjusted
18basis under this chapter of any property disposed of during the taxable year. The
19Internal Revenue Code as amended to December 31, 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 in the provisions applicable to this
12subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
13P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104,
14and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
1513113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
16103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202
17(c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
18105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
19106-170, P.L.
106-230, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554,
20P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-22, P.L.
21107-116, P.L.
107-134, P.L.
107-147, excluding sections 101 and 301 (a) of P.L.
22107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276, P.L.
107-358, P.L.
108-27,
23excluding sections 106, 201, and 202 of P.L.
108-27, P.L.
108-121, P.L.
108-173,
24excluding section 1201 of P.L.
108-173, P.L.
108-203, P.L.
108-218, P.L.
108-311,
25excluding sections 306, 308, 316, 401, and 403 (a) of P.L.
108-311, P.L.
108-357,
1excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
2108-357, P.L.
108-375, P.L.
108-476, P.L.
109-7, P.L.
109-58, excluding sections
31305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
4109-58, P.L.
109-59, excluding section 11146 of P.L.
109-59, P.L.
109-73, excluding
5section 301 of P.L.
109-73, P.L.
109-135, excluding sections 101, 105, 201 (a) as it
6relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135, P.L.
7109-151, P.L.
109-222, excluding sections 101, 207, 209, 503, 512, and 513 of P.L.
8109-222, P.L.
109-227,
and P.L.
109-280, excluding sections 811 and 844 of P.L.
9109-280,
P.L. 109-432, excluding sections 101, 104, 108, 109, 112, 113, 116, 118, 120,
10123 (a), 204, 209, 302, 303, 304, 305, 307, 401, 404, 417, and 425 of P.L. 109-432, P.L.
11110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28, P.L. 110-141,
12P.L. 110-142, P.L. 110-172, excluding section 11 (b), (e), and (g) of P.L. 110-172, and
13P.L. 110-458, applies for Wisconsin purposes at the same time as for federal
14purposes. Amendments to the Internal Revenue Code enacted after December 31,
152005, do not apply to this subdivision with respect to taxable years that begin after
16December 31, 2005, and before January 1, 2007, except that changes to the Internal
17Revenue Code made by P.L.
109-222, excluding sections 101, 207, 209, 503, 512, and
18513 of P.L.
109-222, P.L.
109-227,
and P.L.
109-280, excluding sections 811 and 844
19of P.L.
109-280,
P.L. 109-432, excluding sections 101, 104, 108, 109, 112, 113, 116,
20118, 120, 123 (a), 204, 209, 302, 303, 304, 305, 307, 401, 404, 417, and 425 of P.L.
21109-432, P.L. 110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28,
22P.L. 110-141, P.L. 110-142, P.L. 110-172, excluding section 11 (b), (e), and (g) of P.L.
23110-172, and P.L. 110-458, and changes that indirectly affect the provisions
24applicable to this subchapter made by P.L.
109-222, excluding sections 101, 207, 209,
25503, 512, and 513 of P.L.
109-222, P.L.
109-227,
and P.L.
109-280, excluding sections
1811 and 844 of P.L.
109-280,
P.L. 109-432, excluding sections 101, 104, 108, 109, 112,
2113, 116, 118, 120, 123 (a), 204, 209, 302, 303, 304, 305, 307, 401, 404, 417, and 425
3of P.L. 109-432, P.L. 110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L.
4110-28, P.L. 110-141, P.L. 110-142, P.L. 110-172, excluding section 11 (b), (e), and
5(g) of P.L. 110-172, and P.L. 110-458, apply for Wisconsin purposes at the same time
6as for federal purposes.
AB75, s. 1632
7Section
1632. 71.26 (2) (b) 20. of the statutes is amended to read:
AB75,909,158
71.26
(2) (b) 20. For taxable years that begin after December 31, 2006,
and
9before January 1, 2008, for a corporation, conduit, or common law trust which
10qualifies as a regulated investment company, real estate mortgage investment
11conduit, real estate investment trust, or financial asset securitization investment
12trust under the Internal Revenue Code as amended to December 31, 2006, excluding
13sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d),
1413174, and 13203 (d) of P.L.
103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and
151605 (d) of P.L.
104-188, sections 1, 3, 4, and 5 of P.L.
106-519, sections 162 and 165
16of P.L.
106-554, P.L.
106-573, section 431 of P.L.
107-16, sections 101 and 301 (a) of
17P.L.
107-147, sections 106, 201, and 202 of P.L.
108-27, section 1201 of P.L.
108-173,
18sections 306, 308, 316, 401, and 403 (a) of P.L.
108-311, sections 101, 201, 211, 242,
19244, 336, 337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
109-1, sections 1305, 1308,
201309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58,
21section 11146 of P.L.
109-59, section 301 of P.L.
109-73, sections 101, 105, 201 (a) as
22it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135,
23sections 101, 207, 209, 503, 512, and 513 of P.L.
109-222, sections 811 and 844 of P.L.
24109-280, and
sections 101, 104, 108, 109, 112, 113, 116, 118, 120, 123 (a), 204, 209,
25302, 303, 304, 305, 307, 401, 404, 417, and 425 of P.L.
109-432,
and as amended by
1P.L. 110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28, P.L.
2110-141, P.L. 110-142, P.L. 110-166, P.L. 110-172, excluding section 11 (b), (e), and
3(g) of P.L. 110-172, P.L. 110-234, excluding sections 15344 and 15345 (a) (1) to (3) and
4(6) of P.L. 110-234, P.L. 110-245, excluding sections 110 and 113 of P.L. 110-245, P.L.
5110-289, excluding sections 3081 and 3082 of P.L. 110-289, P.L. 110-343, excluding
6excluding sections 301 and 302 of division A, sections 109, 116, 201, 208, 209, 210,
7303, 306, 308, and 401 of division B, and sections 202, 203, 303, 304, 305, 306, 307,
8311, 312, 315, 317, 318, 321, 322, 323, 324, 502, 505, 512, 702 (a) (1) (A) as it relates
9to section 1400N (k) of the Internal Revenue Code, 702 (d) (6), 707, 708, 710, and 711
10of division C of P.L. 110-343, and P.L. 110-458, and as indirectly affected in the
11provisions applicable to this subchapter 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.
101-508, P.L.
102-227,
13excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
14103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
15103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
16excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
17104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
18105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554, excluding sections
19162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
20107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding sections
21101 and 301 (a) of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276, P.L.
22107-358, P.L.
108-27, excluding sections 106, 201, and 202 of P.L.
108-27, 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, 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.
108-476, P.L.
109-7, P.L.
109-58,
2excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348,
3and 1351 of P.L.
109-58, P.L.
109-59, excluding section 11146 of P.L.
109-59, P.L.
4109-73, excluding section 301 of P.L.
109-73, P.L.
109-135, excluding sections 101,
5105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of
6P.L.
109-135, P.L.
109-151, P.L.
109-222, excluding sections 101, 207, 209, 503, 512,
7and 513 of P.L.
109-222, P.L.
109-227,
and P.L.
109-280, excluding sections 811 and
8844 of P.L.
109-280,
P.L. 109-432, excluding sections 101, 104, 108, 109, 112, 113,
9116, 118, 120, 123 (a), 204, 209, 302, 303, 304, 305, 307, 401, 404, 417, and 425 of P.L.
10109-432, P.L. 110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28,
11P.L. 110-141, P.L. 110-142, P.L. 110-166, P.L. 110-172, excluding section 11 (b), (e),
12and (g) of P.L. 110-172, P.L. 110-234, excluding sections 15344 and 15345 (a) (1) to
13(3) and (6) of P.L. 110-234, P.L. 110-245, excluding sections 110 and 113 of P.L.
14110-245, P.L. 110-289, excluding sections 3081 and 3082 of P.L. 110-289, 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, and sections 202, 203, 303, 304, 305,
17306, 307, 311, 312, 315, 317, 318, 321, 322, 323, 324, 502, 505, 512, 702 (a) (1) (A) as
18it relates to section 1400N (k) of the Internal Revenue Code, 702 (d) (6), 707, 708, 710,
19and 711 of division C of P.L. 110-343, and P.L. 110-458, "net income" means the
20federal regulated investment company taxable income, federal real estate mortgage
21investment conduit taxable income, federal real estate investment trust or financial
22asset securitization investment trust taxable income of the corporation, conduit, or
23trust as determined under the Internal Revenue Code as amended to December 31,
242006, excluding sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d),
2513171 (d), 13174, and 13203 (d) of P.L.
103-66, sections 1123 (b), 1202 (c), 1204 (f),
11311, and 1605 (d) of P.L.
104-188, sections 1, 3, 4, and 5 of P.L.
106-519, sections
2162 and 165 of P.L.
106-554, P.L.
106-573, section 431 of P.L.
107-16, sections 101
3and 301 (a) of P.L.
107-147, sections 106, 201, and 202 of P.L.
108-27, section 1201
4of P.L.
108-173, sections 306, 308, 316, 401, and 403 (a) of P.L.
108-311, sections 101,
5201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
109-1,
6sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351
7of P.L.
109-58, section 11146 of P.L.
109-59, section 301 of P.L.
109-73, sections 101,
8105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of
9P.L.
109-135, sections 101, 207, 209, 503, 512, and 513 of P.L.
109-222, sections 811
10and 844 of P.L.
109-280, and
sections 101, 104, 108, 109, 112, 113, 116, 118, 120, 123
11(a), 204, 209, 302, 303, 304, 305, 307, 401, 404, 417, and 425 of P.L.
109-432,
and as
12amended by P.L. 110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L.
13110-28, P.L. 110-141, P.L. 110-142, P.L. 110-166, P.L. 110-172, excluding section 11
14(b), (e), and (g) of P.L. 110-172, P.L. 110-234, excluding sections 15344 and 15345 (a)
15(1) to (3) and (6) of P.L. 110-234, P.L. 110-245, excluding sections 110 and 113 of P.L.
16110-245, P.L. 110-289, excluding sections 3081 and 3082 of P.L. 110-289, P.L.
17110-343, excluding sections 301 and 302 of division A, sections 109, 116, 201, 208,
18209, 210, 303, 306, 308, and 401 of division B, and sections 202, 203, 303, 304, 305,
19306, 307, 311, 312, 315, 317, 318, 321, 322, 323, 324, 502, 505, 512, 702 (a) (1) (A) as
20it relates to section 1400N (k) of the Internal Revenue Code, 702 (d) (6), 707, 708, 710,
21and 711 of division C of P.L. 110-343, and P.L. 110-458, and as indirectly affected in
22the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
23100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
24102-227, excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
25102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and
113203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
2104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
3104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
4105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554,
5excluding sections 162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding
6section 431 of P.L.
107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147,
7excluding sections 101 and 301 (a) of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
8107-276, P.L.
107-358, P.L.
108-27, excluding sections 106, 201, and 202 of P.L.
9108-27, P.L.
108-121, P.L.
108-173, excluding section 1201 of P.L.
108-173, P.L.
10108-203, P.L.
108-218, P.L.
108-311, excluding sections 306, 308, 316, 401, and 403
11(a) of P.L.
108-311, P.L.
108-357, excluding sections 101, 201, 211, 242, 244, 336, 337,
12422, 847, 909, and 910 of P.L.
108-357, P.L.
108-375, P.L.
108-476, P.L.
109-7, P.L.
13109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
141329, 1348, and 1351 of P.L.
109-58, P.L.
109-59, excluding section 11146 of P.L.
15109-59, P.L.
109-73, excluding section 301 of P.L.
109-73, P.L.
109-135, excluding
16sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and
17(q), and 405 of P.L.
109-135, P.L.
109-151, 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. 110-166, P.L. 110-172, excluding
23section 11 (b), (e), and (g) of P.L. 110-172, P.L. 110-234, excluding sections 15344 and
2415345 (a) (1) to (3) and (6) of P.L. 110-234, P.L. 110-245, excluding sections 110 and
25113 of P.L. 110-245, P.L. 110-289, excluding sections 3081 and 3082 of P.L. 110-289,
1P.L. 110-343, excluding sections 301 and 302 of division A, sections 109, 116, 201,
2208, 209, 210, 303, 306, 308, and 401 of division B, and sections 202, 203, 303, 304,
3305, 306, 307, 311, 312, 315, 317, 318, 321, 322, 323, 324, 502, 505, 512, 702 (a) (1)
4(A) as it relates to section 1400N (k) of the Internal Revenue Code, 702 (d) (6), 707,
5708, 710, and 711 of division C of P.L. 110-343, and P.L. 110-458, except that property
6that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated for
7taxable years 1983 to 1986 under the Internal Revenue Code as amended to
8December 31, 1980, shall continue to be depreciated under the Internal Revenue
9Code as amended to December 31, 1980, and except that the appropriate amount
10shall be added or subtracted to reflect differences between the depreciation or
11adjusted basis for federal income tax purposes and the depreciation or adjusted basis
12under this chapter of any property disposed of during the taxable year. The Internal
13Revenue Code as amended to December 31, 2006, excluding sections 103, 104, and
14110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
15103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188,
16sections 1, 3, 4, and 5 of P.L.
106-519, sections 162 and 165 of P.L.
106-554, P.L.
17106-573, section 431 of P.L.
107-16, sections 101 and 301 (a) of P.L.
107-147, sections
18106, 201, and 202 of P.L.
108-27, section 1201 of P.L.
108-173, sections 306, 308, 316,
19401, and 403 (a) of P.L.
108-311, sections 101, 201, 211, 242, 244, 336, 337, 422, 847,
20909, and 910 of P.L.
108-357, P.L.
109-1, sections 1305, 1308, 1309, 1310, 1323, 1324,
211325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58, section 11146 of P.L.
109-59,
22section 301 of P.L.
109-73, sections 101, 105, 201 (a) as it relates to section 1400S (a),
23402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135, sections 101, 207, 209, 503, 512,
24and 513 of P.L.
109-222, sections 811 and 844 of P.L.
109-280, and
sections 101, 104,
25108, 109, 112, 113, 116, 118, 120, 123 (a), 204, 209, 302, 303, 304, 305, 307, 401, 404,
1417, and 425 of P.L.
109-432,
and as amended by P.L. 110-28, excluding sections
28212, 8221, 8233, and 8235 of P.L. 110-28, P.L. 110-141, P.L. 110-142, P.L. 110-166,
3P.L. 110-172, excluding section 11 (b), (e), and (g) of P.L. 110-172, P.L. 110-234,
4excluding sections 15344 and 15345 (a) (1) to (3) and (6) of P.L. 110-234, P.L. 110-245,
5excluding sections 110 and 113 of P.L. 110-245, P.L. 110-289, excluding sections 3081
6and 3082 of P.L. 110-289, P.L. 110-343, excluding sections 301 and 302 of division
7A, sections 109, 116, 201, 208, 209, 210, 303, 306, 308, and 401 of division B, and
8sections 202, 203, 303, 304, 305, 306, 307, 311, 312, 315, 317, 318, 321, 322, 323, 324,
9502, 505, 512, 702 (a) (1) (A) as it relates to section 1400N (k) of the Internal Revenue
10Code, 702 (d) (6), 707, 708, 710, and 711 of division C of P.L. 110-343, and P.L.
11110-458, and as indirectly affected in the provisions applicable to this subchapter by
12P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179,
13P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104, and 110 of P.L.
14102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
15(d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
16103-465, P.L.
104-7, 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, 109-227,
and P.L.
109-280,
8excluding sections 811 and 844 of P.L.
109-280,
P.L. 109-432, excluding sections 101,
9104, 108, 109, 112, 113, 116, 118, 120, 123 (a), 204, 209, 302, 303, 304, 305, 307, 401,
10404, 417, and 425 of P.L. 109-432, P.L. 110-28, excluding sections 8212, 8221, 8233,
11and 8235 of P.L. 110-28, P.L. 110-141, P.L. 110-142, P.L. 110-166, P.L. 110-172,
12excluding section 11 (b), (e), and (g) of P.L. 110-172, P.L. 110-234, excluding sections
1315344 and 15345 (a) (1) to (3) and (6) of P.L. 110-234, P.L. 110-245, excluding sections
14110 and 113 of P.L. 110-245, P.L. 110-289, excluding sections 3081 and 3082 of P.L.
15110-289, P.L. 110-343, excluding sections 301 and 302 of division A, sections 109,
16116, 201, 208, 209, 210, 303, 306, 308, and 401 of division B, and sections 202, 203,
17303, 304, 305, 306, 307, 311, 312, 315, 317, 318, 321, 322, 323, 324, 502, 505, 512, 702
18(a) (1) (A) as it relates to section 1400N (k) of the Internal Revenue Code, 702 (d) (6),
19707, 708, 710, and 711 of division C of P.L. 110-343, and P.L. 110-458, applies for
20Wisconsin purposes at the same time as for federal purposes. Amendments to the
21Internal Revenue Code enacted after December 31, 2006, do not apply to this
22subdivision with respect to taxable years that begin after December 31, 2006
, and
23before January 1, 2008, except that changes to the Internal Revenue Code made by
24P.L. 110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28, P.L.
25110-141, P.L. 110-142, P.L. 110-166, P.L. 110-172, excluding section 11 (b), (e), and
1(g) of P.L. 110-172, P.L. 110-234, excluding sections 15344 and 15345 (a) (1) to (3) and
2(6) of P.L. 110-234, P.L. 110-245, excluding sections 110 and 113 of P.L. 110-245, and
3P.L. 110-289, excluding sections 3081 and 3082 of P.L. 110-289, and changes that
4indirectly affect the provisions applicable to this subchapter made by P.L. 110-28,
5excluding sections 8212, 8221, 8233, and 8235 of P.L. 110-28, P.L. 110-141, P.L.
6110-142, P.L. 110-166, P.L. 110-172, excluding section 11 (b), (e), and (g) of P.L.
7110-172, P.L. 110-234, excluding sections 15344 and 15345 (a) (1) to (3) and (6) of P.L.
8110-234, P.L. 110-245, excluding sections 110 and 113 of P.L. 110-245, P.L. 110-289,
9excluding sections 3081 and 3082 of P.L. 110-289, P.L. 110-343, excluding sections
10301 and 302 of division A, sections 109, 116, 201, 208, 209, 210, 303, 306, 308, and
11401 of division B, and sections 202, 203, 303, 304, 305, 306, 307, 311, 312, 315, 317,
12318, 321, 322, 323, 324, 502, 505, 512, 702 (a) (1) (A) as it relates to section 1400N
13(k) of the Internal Revenue Code, 702 (d) (6), 707, 708, 710, and 711 of division C of
14P.L. 110-343, and P.L. 110-458, apply for Wisconsin purposes at the same time as for
15federal purposes.
AB75, s. 1633
16Section
1633. 71.26 (2) (b) 21. of the statutes is created to read:
AB75,916,1117
71.26
(2) (b) 21. For taxable years that begin after December 31, 2007, and
18before January 1, 2009, for a corporation, conduit, or common law trust which
19qualifies as a regulated investment company, real estate mortgage investment
20conduit, real estate investment trust, or financial asset securitization investment
21trust under the Internal Revenue Code as amended to December 31, 2007, 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, sections 1123 (b), 1202 (c), 1204 (f), 1311, and
241605 (d) of P.L.
104-188, sections 1, 3, 4, and 5 of P.L.
106-519, sections 162 and 165
25of P.L.
106-554, P.L.
106-573, section 431 of P.L.
107-16, sections 101 and 301 (a) of
1P.L.
107-147, sections 106, 201, and 202 of P.L.
108-27, section 1201 of P.L.
108-173,
2sections 306, 308, 316, 401, and 403 (a) of P.L.
108-311, sections 101, 201, 211, 242,
3244, 336, 337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
109-1, sections 1305, 1308,
41309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58,
5section 11146 of P.L.
109-59, section 301 of P.L.
109-73, sections 101, 105, 201 (a) as
6it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135,
7sections 101, 207, 209, 503, and 513 of P.L.
109-222, section 844 of P.L.
109-280,
8sections 101, 104, 108, 109, 112, 113, 116, 118, 120, 123 (a), 204, 209, 302, 303, 304,
9305, 307, 401, 404, 417, and 425 of P.L.
109-432, sections 8212, 8221, 8233, and 8235
10of P.L.
110-28, P.L.
110-140, and section 11 (b), (e), and (g) of P.L.
110-172, and as
11amended by P.L.
110-234, excluding sections 15344 and 15345 (a) (1) to (3) and (6)
12of P.L.
110-234, P.L.
110-245, excluding sections 110 and 113 of P.L.
110-245, P.L.
13110-289, excluding sections 3081 and 3082 of P.L.
110-289, P.L.
110-317, P.L.
14110-343, excluding sections 301 and 302 of division A, sections 109, 116, 201, 208,
15209, 210, 303, 306, 308, and 401 of division B of P.L.
110-343, and sections 202, 203
16as it relates to taxable years beginning in 2008, 303, 304, 305, 306, 307, 311, 312, 315,
17317, 318, 321, 322, 323, 324, 502, 505, 512, 702 (a) (1) (A) as it relates to section
1400N 18(k) of the Internal Revenue Code,
702 (d) (6),
707,
708,
710, and
711 of division C of
19P.L.
110-343, P.L.
110-351, and P.L.
110-458, and as indirectly affected in the
20provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647,
21P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
22excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
23103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
24103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
25excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
1104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
2105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554, excluding sections
3162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
4107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding sections
5101 and 301 (a) of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276, P.L.
6107-358, P.L.
108-27, excluding sections 106, 201, and 202 of P.L.
108-27, P.L.
7108-121, P.L.
108-173, excluding section 1201 of P.L.
108-173, P.L.
108-203, P.L.
8108-218, P.L.
108-311, excluding sections 306, 308, 316, 401, and 403 (a) of P.L.
9108-311, P.L.
108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847,
10909, and 910 of P.L.
108-357, P.L.
108-375, P.L.
108-476, P.L.
109-7, P.L.
109-58,
11excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348,
12and 1351 of P.L.
109-58, P.L.
109-59, excluding section 11146 of P.L.
109-59, P.L.
13109-73, excluding section 301 of P.L.
109-73, P.L.
109-135, excluding sections 101,
14105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of
15P.L.
109-135, P.L.
109-151, P.L.
109-222, excluding sections 101, 207, 209, 503, and
16513 of P.L.
109-222, P.L.
109-227, P.L.
109-280, excluding section 844 of P.L.
17109-280, P.L.
109-432, excluding sections 101, 104, 108, 109, 112, 113, 116, 118, 120,
18123 (a), 204, 209, 302, 303, 304, 305, 307, 401, 404, 417, and 425 of P.L.
109-432, P.L.
19110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L.
110-28, P.L.
110-141,
20P.L.
110-142, P.L.
110-166, and P.L.
110-172, excluding section 11 (b), (e), and (g) of
21P.L.
110-172, "net income" means the federal regulated investment company taxable
22income, federal real estate mortgage investment conduit taxable income, federal real
23estate investment trust or financial asset securitization investment trust taxable
24income of the corporation, conduit, or trust as determined under the Internal
25Revenue Code as amended to December 31, 2007, excluding sections 103, 104, and
1110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
2103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188,
3sections 1, 3, 4, and 5 of P.L.
106-519, sections 162 and 165 of P.L.
106-554, P.L.
4106-573, section 431 of P.L.
107-16, sections 101 and 301 (a) of P.L.
107-147, sections
5106, 201, and 202 of P.L.
108-27, section 1201 of P.L.
108-173, sections 306, 308, 316,
6401, and 403 (a) of P.L.
108-311, sections 101, 201, 211, 242, 244, 336, 337, 422, 847,
7909, and 910 of P.L.
108-357, P.L.
109-1, sections 1305, 1308, 1309, 1310, 1323, 1324,
81325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58, section 11146 of P.L.
109-59,
9section 301 of P.L.
109-73, sections 101, 105, 201 (a) as it relates to section 1400S (a),
10402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135, sections 101, 207, 209, 503, and
11513 of P.L.
109-222, section 844 of P.L.
109-280, sections 101, 104, 108, 109, 112, 113,
12116, 118, 120, 123 (a), 204, 209, 302, 303, 304, 305, 307, 401, 404, 417, and 425 of P.L.
13109-432, sections 8212, 8221, 8233, and 8235 of P.L.
110-28, P.L.
110-140, and
14section 11 (b), (e), and (g) of P.L.
110-172, and as indirectly affected in the provisions
15applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
16101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
17excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
18103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
19103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
20excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
21104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
22105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554, excluding sections
23162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
24107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding sections
25101 and 301 (a) of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276, P.L.
1107-358, P.L.
108-27, excluding sections 106, 201, and 202 of P.L.
108-27, P.L.
2108-121, P.L.
108-173, excluding section 1201 of P.L.
108-173, P.L.
108-203, P.L.
3108-218, P.L.
108-311, excluding sections 306, 308, 316, 401, and 403 (a) of P.L.
4108-311, P.L.
108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847,
5909, and 910 of P.L.
108-357, P.L.
108-375, P.L.
108-476, P.L.
109-7, P.L.
109-58,
6excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348,
7and 1351 of P.L.
109-58, P.L.
109-59, excluding section 11146 of P.L.
109-59, P.L.
8109-73, excluding section 301 of P.L.
109-73, P.L.
109-135, excluding sections 101,
9105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of
10P.L.
109-135, P.L.
109-151, P.L.
109-222, excluding sections 101, 207, 209, 503, and
11513 of P.L.
109-222, P.L.
109-227, P.L.
109-280, excluding section 844 of P.L.
12109-280, P.L.
109-432, excluding sections 101, 104, 108, 109, 112, 113, 116, 118, 120,
13123 (a), 204, 209, 302, 303, 304, 305, 307, 401, 404, 417, and 425 of P.L.
109-432, P.L.
14110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L.
110-28, P.L.
110-141,
15P.L.
110-142, P.L.
110-166, and P.L.
110-172, excluding section 11 (b), (e), and (g) of
16P.L.
110-172, except that property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats.,
17is required to be depreciated for taxable years 1983 to 1986 under the Internal
18Revenue Code as amended to December 31, 1980, shall continue to be depreciated
19under the Internal Revenue Code as amended to December 31, 1980, and except that
20the appropriate amount shall be added or subtracted to reflect differences between
21the depreciation or adjusted basis for federal income tax purposes and the
22depreciation or adjusted basis under this chapter of any property disposed of during
23the taxable year. The Internal Revenue Code as amended to December 31, 2007,
24excluding sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171
25(d), 13174, and 13203 (d) of P.L.
103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and
11605 (d) of P.L.
104-188, sections 1, 3, 4, and 5 of P.L.
106-519, sections 162 and 165
2of P.L.
106-554, P.L.
106-573, section 431 of P.L.
107-16, sections 101 and 301 (a) of
3P.L.
107-147, sections 106, 201, and 202 of P.L.
108-27, section 1201 of P.L.
108-173,
4sections 306, 308, 316, 401, and 403 (a) of P.L.
108-311, sections 101, 201, 211, 242,
5244, 336, 337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
109-1, sections 1305, 1308,
61309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58,
7section 11146 of P.L.
109-59, section 301 of P.L.
109-73, sections 101, 105, 201 (a) as
8it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135,
9sections 101, 207, 209, 503, and 513 of P.L.
109-222, section 844 of P.L.
109-280,
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, sections 8212, 8221, 8233, and 8235
12of P.L.
110-28, P.L.
110-140, and section 11 (b), (e), and (g) of P.L.
110-172, and as
13indirectly affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
14100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
15101-508, P.L.
102-227, excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
16102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
1713174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
18104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
19(d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
20105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
21106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16,
22excluding section 431 of P.L.
107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
23107-147, excluding sections 101 and 301 (a) of P.L.
107-147, P.L.
107-181, P.L.
24107-210, P.L.
107-276, P.L.
107-358, P.L.
108-27, excluding sections 106, 201, and
25202 of P.L.
108-27, P.L.
108-121, P.L.
108-173, excluding section 1201 of P.L.
1108-173, P.L.
108-203, P.L.
108-218, P.L.
108-311, excluding sections 306, 308, 316,
2401, and 403 (a) of P.L.
108-311, P.L.
108-357, excluding sections 101, 201, 211, 242,
3244, 336, 337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
108-375, P.L.
108-476, P.L.
4109-7, P.L.
109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,
51326, 1328, 1329, 1348, and 1351 of P.L.
109-58, P.L.
109-59, excluding section 11146
6of P.L.
109-59, P.L.
109-73, excluding section 301 of P.L.
109-73, P.L.
109-135,
7excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),
8(j), and (q), and 405 of P.L.
109-135, P.L.
109-151, P.L.
109-222, excluding sections
9101, 207, 209, 503, and 513 of P.L.
109-222, P.L.
109-227, P.L.
109-280, excluding
10section 844 of P.L.
109-280, P.L.
109-432, excluding sections 101, 104, 108, 109, 112,
11113, 116, 118, 120, 123 (a), 204, 209, 302, 303, 304, 305, 307, 401, 404, 417, and 425
12of P.L.
109-432, P.L.
110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L.
13110-28, P.L.
110-141, P.L.
110-142, P.L.
110-166, and P.L.
110-172, excluding
14section 11 (b), (e), and (g) of P.L.
110-172, applies for Wisconsin purposes at the same
15time as for federal purposes. Amendments to the Internal Revenue Code enacted
16after December 31, 2007, do not apply to this subdivision with respect to taxable
17years that begin after December 31, 2007, and before January 1, 2009, except that
18changes to the Internal Revenue Code made by P.L.
110-234, excluding sections
1915344 and 15345 (a) (1) to (3) and (6) of P.L.
110-234, P.L.
110-245, excluding sections
20110 and 113 of P.L.
110-245, P.L.
110-289, excluding sections 3081 and 3082 of P.L.
21110-289, and P.L.
110-343, excluding sections 301 and 302 of division A, sections
22109, 116, 201, 208, 209, 210, 303, 306, 308, and 401 of division B of P.L.
110-343, and
23sections 202, 203 as it relates to taxable years beginning in 2008, 303, 304, 305, 306,
24307, 311, 312, 315, 317, 318, 321, 322, 323, 324, 502, 505, 512, 702 (a) (1) (A) as it
25relates to section
1400N (k) of the Internal Revenue Code,
702 (d) (6),
707,
708,
710,
1and
711 of division C of P.L.
110-343, P.L.
110-351, and P.L.
110-458, and changes
2that indirectly affect the provisions applicable to this subchapter made by 110-234,
3excluding sections 15344 and 15345 (a) (1) to (3) and (6) of P.L.
110-234, P.L.
110-245,
4excluding sections 110 and 113 of P.L.
110-245, P.L.
110-289, excluding sections 3081
5and 3082 of P.L.
110-289, P.L.
110-317, P.L.
110-343, excluding sections 301 and 302
6of division 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, apply for Wisconsin purposes at the same time as for federal purposes.
AB75, s. 1634
12Section
1634. 71.26 (2) (b) 22. of the statutes is created to read:
AB75,923,2413
71.26
(2) (b) 22. For taxable years that begin after December 31, 2008, for a
14corporation, conduit, or common law trust which qualifies as a regulated investment
15company, real estate mortgage investment conduit, real estate investment trust, or
16financial asset securitization investment trust under the Internal Revenue Code as
17amended to December 31, 2008, excluding sections 103, 104, and 110 of P.L.
102-227,
18sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, sections
191123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, sections 1, 3, 4, and
205 of P.L.
106-519, sections 162 and 165 of P.L.
106-554, P.L.
106-573, section 431 of
21P.L.
107-16, sections 101 and 301 (a) of P.L.
107-147, sections 106, 201, and 202 of
22P.L.
108-27, section 1201 of P.L.
108-173, sections 306, 308, 316, 401, and 403 (a) of
23P.L.
108-311, sections 101, 102, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910
24of P.L.
108-357, P.L.
109-1, sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326,
251328, 1329, 1348, and 1351 of P.L.
109-58, section 11146 of P.L.
109-59, section 301
1of P.L.
109-73, sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403
2(e), (j), and (q), and 405 of P.L.
109-135, sections 101, 207, 209, 503, and 513 of P.L.
3109-222, section 844 of P.L.
109-280, sections 101, 104, 108, 109, 112, 113, 116, 118,
4120, 123 (a), 204, 209, 302, 303, 304, 305, 307, 401, 404, 417, and 425 of P.L.
109-432,
5sections 8212, 8221, 8233, and 8235 of P.L.
110-28, P.L.
110-140, section 11 (b), (e),
6and (g) of P.L.
110-172, P.L.
110-185 sections 15344 and 15345 (a) (1) to (3) and (6)
7of P.L.
110-234, sections 110 and 113 of P.L.
110-245, sections 3081 and 3082 of P.L.
8110-289, sections 301 and 302 of division A of P.L.
110-343, sections 109, 116, 201,
9208, 209, 210, 303, 306, 308, and 401 of division B of P.L.
110-343, and sections 202,
10303, 304, 305, 306, 307, 311, 312, 315, 317, 318, 321, 322, 323, 324, 502, 505, 512, 702
11(a) (1) (A) as it relates to section
1400N (k) of the Internal Revenue Code,
702 (d) (6),
12707,
708,
710, and
711 of division C of P.L.
110-343, and as indirectly affected in the
13provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647,
14P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
15excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
16103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
17103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
18excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
19104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
20105-277, P.L.
106-36, 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, 102, 201, 211, 242, 244, 336, 337, 422,
3847, 909, and 910 of P.L.
108-357, P.L.
108-375, P.L.
108-476, 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.
109-59, excluding section 11146 of P.L.
6109-59, P.L.
109-73, excluding section 301 of P.L.
109-73, P.L.
109-135, excluding
7sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and
8(q), and 405 of P.L.
109-135, P.L.
109-151, P.L.
109-222, excluding sections 101, 207,
9209, 503, and 513 of P.L.
109-222, P.L.
109-227, P.L.
109-280, excluding section 844
10of P.L.
109-280, P.L.
109-432, excluding sections 101, 104, 108, 109, 112, 113, 116,
11118, 120, 123 (a), 204, 209, 302, 303, 304, 305, 307, 401, 404, 417, and 425 of P.L.
12109-432, P.L.
110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L.
110-28,
13P.L.
110-141, P.L.
110-142, P.L.
110-166, P.L.
110-172, excluding section 11 (b), (e),
14and (g) of P.L.
110-172, P.L.
110-234, excluding sections 15344 and 15345 (a) (1) to
15(3) and (6) of P.L.
110-234, P.L.
110-245, excluding sections 110 and 113 of P.L.
16110-245, P.L.
110-289, excluding sections 3081 and 3082 of P.L.
110-289, and P.L.
17110-343, excluding ections 301 and 302 of division A of P.L.
110-343, sections 109,
18116, 201, 208, 209, 210, 303, 306, 308, and 401 of division B of P.L.
110-343, and
19sections 202, 303, 304, 305, 306, 307, 311, 312, 315, 317, 318, 321, 322, 323, 324, 502,
20505, 512, 702 (a) (1) (A) as it relates to section
1400N (k) of the Internal Revenue
21Code,
702 (d) (6),
707,
708,
710, and
711 of division C of P.L.
110-343, P.L.
110-351,
22and P.L.
110-458, "net income" means the federal regulated investment company
23taxable income, federal real estate mortgage investment conduit taxable income,
24federal real estate investment trust or financial asset securitization investment
25trust taxable income of the corporation, conduit, or trust as determined under the
1Internal Revenue Code as amended to December 31, 2008, excluding sections 103,
2104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203
3(d) of P.L.
103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
4104-188, sections 1, 3, 4, and 5 of P.L.
106-519, sections 162 and 165 of P.L.
106-554,
5P.L.
106-573, section 431 of P.L.
107-16, sections 101 and 301 (a) of P.L.
107-147,
6sections 106, 201, and 202 of P.L.
108-27, section 1201 of P.L.
108-173, sections 306,
7308, 316, 401, and 403 (a) of P.L.
108-311, sections 101, 102, 201, 211, 242, 244, 336,
8337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
109-1, sections 1305, 1308, 1309,
91310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58, section
1011146 of P.L.
109-59, section 301 of P.L.
109-73, sections 101, 105, 201 (a) as it relates
11to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135, sections 101,
12207, 209, 503, and 513 of P.L.
109-222, section 844 of P.L.
109-280, sections 101, 104,
13108, 109, 112, 113, 116, 118, 120, 123 (a), 204, 209, 302, 303, 304, 305, 307, 401, 404,
14417, and 425 of P.L.
109-432, sections 8212, 8221, 8233, and 8235 of P.L.
110-28, P.L.
15110-140, section 11 (b), (e), and (g) of P.L.
110-172, P.L.
110-185, sections 15344 and
1615345 (a) (1) to (3) and (6) of P.L.
110-234, P.L.
110-245, excluding sections 110 and
17113 of P.L.
110-245, P.L.
110-289, excluding sections 3081 and 3082 of P.L.
110-289,
18P.L.
110-317, P.L.
110-343, excluding sections 301 and 302 of division A of P.L.
19110-343, sections 109, 116, 201, 208, 209, 210, 303, 306, 308, and 401 of division B
20of P.L.
110-343, and sections 202, 303, 304, 305, 306, 307, 311, 312, 315, 317, 318, 321,
21322, 323, 324, 502, 505, 512, 702 (a) (1) (A) as it relates to section
1400N (k) of the
22Internal Revenue Code,
702 (d) (6),
707,
708,
710, and
711 of division C of P.L.
23110-343, and as indirectly affected in the provisions applicable to this subchapter by
24P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179,
25P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104, and 110 of P.L.
1102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
2(d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
3103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
41311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
5105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
6106-230, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-15,
7P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-22, P.L.
107-116, P.L.
8107-134, P.L.
107-147, excluding sections 101 and 301 (a) of P.L.
107-147, P.L.
9107-181, P.L.
107-210, P.L.
107-276, P.L.
107-358, P.L.
108-27, excluding sections
10106, 201, and 202 of P.L.
108-27, P.L.
108-121, P.L.
108-173, excluding section 1201
11of P.L.
108-173, P.L.
108-203, P.L.
108-218, P.L.
108-311, excluding sections 306,
12308, 316, 401, and 403 (a) of P.L.
108-311, P.L.
108-357, excluding sections 101, 102,
13201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
108-375,
14P.L.
108-476, P.L.
109-7, P.L.
109-58, excluding sections 1305, 1308, 1309, 1310,
151323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58, P.L.
109-59,
16excluding section 11146 of P.L.
109-59, P.L.
109-73, excluding section 301 of P.L.
17109-73, P.L.
109-135, excluding sections 101, 105, 201 (a) as it relates to section
181400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135, P.L.
109-151, P.L.
19109-222, excluding sections 101, 207, 209, 503, and 513 of P.L.
109-222, P.L.
20109-227, P.L.
109-280, excluding section 844 of P.L.
109-280, P.L.
109-432,
21excluding sections 101, 104, 108, 109, 112, 113, 116, 118, 120, 123 (a), 204, 209, 302,
22303, 304, 305, 307, 401, 404, 417, and 425 of P.L.
109-432, P.L.
110-28, excluding
23sections 8212, 8221, 8233, and 8235 of P.L.
110-28, P.L.
110-141, P.L.
110-142, P.L.
24110-166, P.L.
110-172, excluding section 11 (b), (e), and (g) of P.L. 110.172, P.L.
25110-234, excluding sections 15344 and 15345 (a) (1) to (3) and (6) of P.L.
110-234, P.L.
1110-245, excluding sections 110 and 113 of P.L.
110-245, P.L.
110-289, excluding
2sections 3081 and 3082 of P.L.
110-289, and P.L.
110-343, excluding sections 301 and
3302 of division A of P.L.
110-343, sections 109, 116, 201, 208, 209, 210, 303, 306, 308,
4and 401 of division B of P.L.
110-343, and sections 202, 303, 304, 305, 306, 307, 311,
5312, 315, 317, 318, 321, 322, 323, 324, 502, 505, 512, 702 (a) (1) (A) as it relates to
6section
1400N (k) of the Internal Revenue Code,
702 (d) (6),
707,
708,
710, and
711 7of division C of P.L.
110-343, P.L.
110-351, and P.L.
110-458, except that property
8that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated for
9taxable years 1983 to 1986 under the Internal Revenue Code as amended to
10December 31, 1980, shall continue to be depreciated under the Internal Revenue
11Code as amended to December 31, 1980, and except that the appropriate amount
12shall be added or subtracted to reflect differences between the depreciation or
13adjusted basis for federal income tax purposes and the depreciation or adjusted basis
14under this chapter of any property disposed of during the taxable year. The Internal
15Revenue Code as amended to December 31, 2008, excluding sections 103, 104, and
16110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
17103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188,
18sections 1, 3, 4, and 5 of P.L.
106-519, sections 162 and 165 of P.L.
106-554, P.L.
19106-573, section 431 of P.L.
107-16, sections 101 and 301 (a) of P.L.
107-147, sections
20106, 201, and 202 of P.L.
108-27, section 1201 of P.L.
108-173, sections 306, 308, 316,
21401, and 403 (a) of P.L.
108-311, sections 101, 102, 201, 211, 242, 244, 336, 337, 422,
22847, 909, and 910 of P.L.
108-357, P.L.
109-1, sections 1305, 1308, 1309, 1310, 1323,
231324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58, section 11146 of P.L.
24109-59, section 301 of P.L.
109-73, sections 101, 105, 201 (a) as it relates to section
251400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135, sections 101, 207, 209,
1503, and 513 of P.L.
109-222, section 844 of P.L.
109-280, sections 101, 104, 108, 109,
2112, 113, 116, 118, 120, 123 (a), 204, 209, 302, 303, 304, 305, 307, 401, 404, 417, and
3425 of P.L.
109-432, sections 8212, 8221, 8233, and 8235 of P.L.
110-28, P.L.
110-140,
4section 11 (b), (e), and (g) of P.L.
110-172, P.L.
110-185, sections 15344 and 15345 (a)
5(1) to (3) and (6) of P.L.
110-234, P.L.
110-245, excluding sections 110 and 113 of P.L.
6110-245, P.L.
110-289, excluding sections 3081 and 3082 of P.L.
110-289, P.L.
7110-317, P.L.
110-343, excluding sections 301 and 302 of division A of P.L.
110-343,
8sections 109, 116, 201, 208, 209, 210, 303, 306, 308, and 401 of division B of P.L.
9110-343, and sections 202, 303, 304, 305, 306, 307, 311, 312, 315, 317, 318, 321, 322,
10323, 324, 502, 505, 512, 702 (a) (1) (A) as it relates to section
1400N (k) of the Internal
11Revenue Code,
702 (d) (6),
707,
708,
710, and
711 of division C of P.L.
110-343, and
12as indirectly affected in the provisions applicable to this subchapter by P.L.
99-514,
13P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239,
14P.L.
101-508, P.L.
102-227, excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
15102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
1613174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
17104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
18(d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
19105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170, 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 and 301 (a) 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, P.L.
108-173, excluding section 1201 of P.L.
25108-173, P.L.
108-203, P.L.
108-218, P.L.
108-311, excluding sections 306, 308, 316,
1401, and 403 (a) of P.L.
108-311, P.L.
108-357, excluding sections 101, 102, 201, 211,
2242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
108-375, P.L.
108-476,
3P.L.
109-7, P.L.
109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,
41326, 1328, 1329, 1348, and 1351 of P.L.
109-58, P.L.
109-59, excluding section 11146
5of P.L.
109-59, P.L.
109-73, excluding section 301 of P.L.
109-73, P.L.
109-135,
6excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),
7(j), and (q), and 405 of P.L.
109-135, P.L.
109-151, P.L.
109-222, excluding sections
8101, 207, 209, 503, and 513 of P.L.
109-222, P.L.
109-227, P.L.
109-280, excluding
9section 844 of P.L.
109-280, P.L.
109-432, excluding sections 101, 104, 108, 109, 112,
10113, 116, 118, 120, 123 (a), 204, 209, 302, 303, 304, 305, 307, 401, 404, 417, and 425
11of P.L.
109-432, P.L.
110-28, excluding sections 8212, 8221, 8233, and 8235 of P.L.
12110-28, P.L.
110-141, P.L.
110-142, P.L.
110-166, P.L.
110-172, excluding section 11
13(b), (e), and (g) of P.L.
110-172, P.L.
110-234, excluding sections 15344 and 15345 (a)
14(1) to (3) and (6) of P.L.
110-234, P.L.
110-245, excluding sections 110 and 113 of P.L.
15110-245, P.L.
110-289, excluding sections 3081 and 3082 of P.L.
110-289, and P.L.
16110-343, excluding sections 301 and 302 of division A of P.L.
110-343, sections 109,
17116, 201, 208, 209, 210, 303, 306, 308, and 401 of division B of P.L.
110-343, and
18sections 202, 303, 304, 305, 306, 307, 311, 312, 315, 317, 318, 321, 322, 323, 324, 502,
19505, 512, 702 (a) (1) (A) as it relates to section
1400N (k) of the Internal Revenue
20Code,
702 (d) (6),
707,
708,
710, and
711 of division C of P.L.
110-343, P.L.
110-351,
21and P.L.
110-458, applies for Wisconsin purposes at the same time as for federal
22purposes. Amendments to the Internal Revenue Code enacted after December 31,
232008, do not apply to this subdivision with respect to taxable years that begin after
24December 31, 2008.
AB75, s. 1635
25Section
1635. 71.26 (3) (n) of the statutes is amended to read:
AB75,924,4
171.26
(3) (n) Sections 381, 382 and 383 (relating to carry-overs in certain
2corporate acquisitions) are modified so that they apply to losses under sub. (4) and
3credits under s. 71.28 (1di), (1dL), (1dm), (1dx), (3), (4),
(4m), and (5) instead of to
4federal credits and federal net operating losses.
AB75, s. 1636
5Section
1636. 71.27 (7) (b) of the statutes is created to read:
AB75,924,106
71.27
(7) (b) For taxable years beginning after December 31, 2008, for persons
7who qualify for a federal extension of time to file under
26 USC 7508A due to a
8presidentially declared disaster or terroristic or military action, income or franchise
9taxes payable upon the filing of the tax return are not subject to interest as otherwise
10provided under par. (a).
AB75, s. 1637
11Section
1637. 71.28 (1dy) of the statutes is created to read:
AB75,924,1412
71.28
(1dy) Economic development tax credit. (a)
Definition. In this
13subsection, "claimant" means a person who files a claim under this subsection and
14is certified under s. 560.701 (2) and authorized to claim tax benefits under s. 560.703.
AB75,924,1815
(b)
Filing claims. Subject to the limitations under this subsection and ss.
16560.701 to 560.706, for taxable years beginning after December 31, 2008, a claimant
17may claim as a credit against the tax imposed under s. 71.23, up to the amount of the
18tax, the amount authorized for the claimant under s. 560.703.
AB75,924,2219
(c)
Limitations. 1. No credit may be allowed under this subsection unless the
20claimant includes with the claimant's return a copy of the claimant's certification
21under s. 560.701 (2) and a copy of the claimant's notice of eligibility to receive tax
22benefits under s. 560.703 (3).
AB75,925,523
2. Partnerships, limited liability companies, and tax-option corporations may
24not claim the credit under this subsection, but the eligibility for, and the amount of,
25the credit are based on their authorization to claim tax benefits under s. 560.703.
1A partnership, limited liability company, or tax-option corporation shall compute
2the amount of credit that each of its partners, members, or shareholders may claim
3and shall provide that information to each of them. Partners, members of limited
4liability companies, and shareholders of tax-option corporations may claim the
5credit in proportion to their ownership interests.
AB75,925,76
(d)
Administration. 1. Except as provided in subd. 2., sub. (4) (e) and (f), as it
7applies to the credit under sub. (4), applies to the credit under this subsection.
AB75,925,168
2. If a claimant's certification is revoked under s. 560.705, or if a claimant
9becomes ineligible for tax benefits under s. 560.702, the claimant may not claim
10credits under this subsection for the taxable year that includes the day on which the
11certification is revoked; the taxable year that includes the day on which the claimant
12becomes ineligible for tax benefits; or succeeding taxable years and the claimant may
13not carry over unused credits from previous years to offset the tax imposed under s.
1471.23 for the taxable year that includes the day on which certification is revoked; the
15taxable year that includes the day on which the claimant becomes ineligible for tax
16benefits; or succeeding taxable years.
AB75,925,1817
3. Subsection (4) (g) and (h), as it applies to the credit under sub. (4), applies
18to the credit under this subsection.
AB75, s. 1638
19Section
1638. 71.28 (1fd) of the statutes is repealed.
AB75, s. 1639
20Section
1639. 71.28 (2m) (a) 1. (intro.) of the statutes is amended to read:
AB75,925,2321
71.28
(2m) (a) 1. (intro.) "Claimant" means an owner
of farmland, as defined
22in s. 91.01 (9),
2007 stats., of farmland domiciled in this state during the entire year
23for which a credit under this subsection is claimed, except as follows:
AB75, s. 1640
24Section
1640. 71.28 (2m) (a) 3. of the statutes is amended to read:
AB75,926,10
171.28
(2m) (a) 3. "Farmland" means 35 or more acres of real property, exclusive
2of improvements, in this state, in agricultural use, as defined in s. 91.01 (1),
2007
3stats., and owned by the claimant or any member of the claimant's household during
4the taxable year for which a credit under this subsection is claimed if the farm of
5which the farmland is a part, during that year, produced not less than $6,000 in gross
6farm profits resulting from agricultural use, as defined in s. 91.01 (1),
2007 stats., or
7if the farm of which the farmland is a part, during that year and the 2 years
8immediately preceding that year, produced not less than $18,000 in such profits, or
9if at least 35 acres of the farmland, during all or part of that year, was enrolled in the
10conservation reserve program under
16 USC 3831 to
3836.
AB75, s. 1641
11Section
1641. 71.28 (2m) (a) 4. of the statutes is amended to read:
AB75,926,1712
71.28
(2m) (a) 4. "Gross farm profits" means gross receipts, excluding rent,
13from agricultural use, as defined in s. 91.01 (1)
, 2007 stats., including the fair market
14value at the time of disposition of payments in kind for placing land in federal
15programs or payments from the federal dairy termination program under
7 USC
161446 (d), less the cost or other basis of livestock or other items purchased for resale
17which are sold or otherwise disposed of during the taxable year.
AB75, s. 1642
18Section
1642. 71.28 (2m) (e) of the statutes is created to read:
AB75,926,2019
71.28
(2m) (e)
Sunset. No new claim may be filed under this subsection for a
20taxable year that begins after December 31, 2009.
AB75, s. 1643
21Section
1643. 71.28 (3) (a) 1. of the statutes is amended to read:
AB75,926,2322
71.28
(3) (a) 1. "Manufacturing" has the meaning given in s. 77.54 (6m)
, 2007
23stats.
AB75, s. 1644
24Section
1644. 71.28 (3p) (a) 1m. of the statutes is created to read:
AB75,927,2
171.28
(3p) (a) 1m. "Dairy cooperative" means a business organized under ch.
2185 or 193 for the purpose of obtaining or processing milk.
AB75, s. 1645
3Section
1645. 71.28 (3p) (a) 3. (intro.) of the statutes is amended to read:
AB75,927,104
71.28
(3p) (a) 3. (intro.) "Dairy manufacturing modernization or expansion"
5means constructing, improving, or acquiring buildings or facilities, or acquiring
6equipment, for dairy manufacturing, including the following, if used exclusively for
7dairy manufacturing and if acquired and placed in service in this state during
8taxable years that begin after December 31, 2006, and before January 1, 2015
, or, in
9the case of dairy cooperatives, if acquired and placed in service in this state during
10taxable years that begin after December 31, 2008, and before January 1, 2017:
AB75, s. 1646
11Section
1646. 71.28 (3p) (b) of the statutes is amended to read:
AB75,927,1812
71.28
(3p) (b)
Filing claims. Subject to the limitations provided in this
13subsection and s. 560.207,
except as provided in par. (c) 5., for taxable years
14beginning after December 31, 2006, and before January 1, 2015, a claimant may
15claim as a credit against the taxes imposed under s. 71.23, up to the amount of the
16tax, an amount equal to 10 percent of the amount the claimant paid in the taxable
17year for dairy manufacturing modernization or expansion related to the claimant's
18dairy manufacturing operation.
AB75, s. 1647
19Section
1647. 71.28 (3p) (c) 2m. b. of the statutes is amended to read:
AB75,927,2320
71.28
(3p) (c) 2m. b. The maximum amount of the credits that may be claimed
21by all claimants, other than members of dairy cooperatives, under this subsection
22and ss. 71.07 (3p) and 71.47 (3p) in fiscal year 2008-09, and in each fiscal year
23thereafter, is $700,000, as allocated under s. 560.207.
AB75, s. 1648
24Section
1648. 71.28 (3p) (c) 2m. bm. of the statutes is created to read:
AB75,928,7
171.28
(3p) (c) 2m. bm. The maximum amount of the credits that may be claimed
2by members of dairy cooperatives under this subsection and ss. 71.07 (3p) and 71.47
3(3p) in fiscal year 2009-10 is $600,000, as allocated under s. 560.207, and the
4maximum amount of the credits that may be claimed by members of dairy
5cooperatives under this subsection and ss. 71.07 (3p) and 71.47 (3p) in fiscal year
62010-11, and in each fiscal year thereafter, is $700,000, as allocated under s.
7560.207.
AB75, s. 1649
8Section
1649. 71.28 (3p) (c) 3. of the statutes is amended to read:
AB75,928,219
71.28
(3p) (c) 3. Partnerships, limited liability companies,
and tax-option
10corporations
, and dairy cooperatives may not claim the credit under this subsection,
11but the eligibility for, and the amount of, the credit are based on their payment of
12expenses under par. (b), except that the aggregate amount of credits that the entity
13may compute shall not exceed $200,000
for each of the entity's dairy manufacturing
14facilities. A partnership, limited liability company,
or tax-option corporation
, or
15dairy cooperative shall compute the amount of credit that each of its partners,
16members, or shareholders may claim and shall provide that information to each of
17them. Partners, members of limited liability companies, and shareholders of
18tax-option corporations may claim the credit in proportion to their ownership
19interest.
Members of a dairy cooperative may claim the credit in proportion to the
20amount of milk that each member delivers to the dairy cooperative, as determined
21by the dairy cooperative.
AB75, s. 1650
22Section
1650. 71.28 (3p) (c) 5. of the statutes is created to read:
AB75,929,223
71.28
(3p) (c) 5. A claimant who is a member of a dairy cooperative may claim
24the credit, based on amounts described under par. (b) that are paid by the dairy
1cooperative, for taxable years beginning after December 31, 2008, and before
2January 1, 2017.
AB75, s. 1651
3Section
1651. 71.28 (3p) (c) 6. of the statutes is created to read:
AB75,929,64
71.28
(3p) (c) 6. No credit may be allowed under this subsection unless the
5claimant submits with the claimant's return a copy of the claimant's credit
6certification and allocation under s. 560.207.
AB75, s. 1652
7Section
1652. 71.28 (3p) (d) 2. of the statutes is amended to read:
AB75,929,138
71.28
(3p) (d) 2.
If Except as provided in subd. 3., if the allowable amount of
9the claim under par. (b) exceeds the tax otherwise due under s. 71.23
or no tax is due
10under s. 71.23, the amount of the claim not used to offset the tax due shall be certified
11by the department of revenue to the department of administration for payment by
12check, share draft, or other draft drawn from the appropriation account under s.
1320.835 (2) (bn).
AB75, s. 1653
14Section
1653. 71.28 (3p) (d) 3. of the statutes is created to read:
AB75,929,2015
71.28
(3p) (d) 3. With regard to claims that are based on amounts described
16under par. (b) that are paid by a dairy cooperative, if the allowable amount of the
17claim under par. (b) exceeds the tax otherwise due under s. 71.23, the amount of the
18claim not used to offset the tax due shall be certified by the department of revenue
19to the department of administration for payment by check, share draft, or other draft
20drawn from the appropriation account under s. 20.835 (2) (bp).
AB75, s. 1654
21Section
1654. 71.28 (3q) of the statutes is created to read:
AB75,929,2222
71.28
(3q) Jobs tax credit. (a)
Definitions. In this subsection:
AB75,929,2423
1. "Claimant" means a person certified to receive tax benefits under s. 560.2055
24(2).
AB75,930,2
12. "Eligible employee" means an eligible employee under s. 560.2055 (1) (b) who
2satisfies the wage requirements under s. 560.2055 (3) (a) or (b).
AB75,930,53
(b)
Filing claims. Subject to the limitations provided in this subsection and s.
4560.2055, for taxable years beginning after December 31, 2011, a claimant may claim
5as a credit against the taxes imposed under s. 71.23 any of the following:
AB75,930,86
1. The amount of wages that the claimant paid to an eligible employee in the
7taxable year, not to exceed 10 percent of such wages, as determined by the
8department of commerce under s. 560.2055.
AB75,930,119
2. The amount of the costs incurred by the claimant in the taxable year, as
10determined under s. 560.2055, to undertake the training activities described under
11s. 560.2055 (3) (c).
AB75,930,1912
(c)
Limitations. 1. Partnerships, limited liability companies, and tax-option
13corporations may not claim the credit under this subsection, but the eligibility for,
14and the amount of, the credit are based on their payment of amounts under par. (b).
15A partnership, limited liability company, or tax-option corporation shall compute
16the amount of credit that each of its partners, members, or shareholders may claim
17and shall provide that information to each of them. Partners, members of limited
18liability companies, and shareholders of tax-option corporations may claim the
19credit in proportion to their ownership interests.
AB75,930,2220
2. No credit may be allowed under this subsection unless the claimant includes
21with the claimant's return a copy of the claimant's certification for tax benefits under
22s. 560.2055 (2).
AB75,930,2423
(d)
Administration. 1. Subsection (4) (e), (g), and (h), as it applies to the credit
24under sub. (4), applies to the credit under this subsection.
AB75,931,5
12. If the allowable amount of the claim under par. (b) exceeds the tax otherwise
2due under s. 71.23, the amount of the claim not used to offset the tax due shall be
3certified by the department of revenue to the department of administration for
4payment by check, share draft, or other draft drawn from the appropriation account
5under s. 20.835 (2) (bb).
AB75, s. 1655
6Section
1655. 71.28 (3r) of the statutes is created to read:
AB75,931,87
71.28
(3r) Meat processing facility investment credit. (a)
Definitions. In this
8subsection:
AB75,931,99
1. "Claimant" means a person who files a claim under this subsection.
AB75,931,1110
2. "Meat processing" means processing livestock into meat products or
11processing meat products for sale commercially.
AB75,931,1612
3. "Meat processing modernization or expansion" means constructing,
13improving, or acquiring buildings or facilities, or acquiring equipment, for meat
14processing, including the following, if used exclusively for meat processing and if
15acquired and placed in service in this state during taxable years that begin after
16December 31, 2008, and before January 1, 2017:
AB75,931,1817
a. Building construction, including livestock handling, product intake, storage,
18and warehouse facilities.
AB75,931,1919
b. Building additions.
AB75,931,2120
c. Upgrades to utilities, including water, electric, heat, refrigeration, freezing,
21and waste facilities.
AB75,931,2222
d. Livestock intake and storage equipment.
AB75,931,2523
e. Processing and manufacturing equipment, including cutting equipment,
24mixers, grinders, sausage stuffers, meat smokers, curing equipment, cooking
25equipment, pipes, motors, pumps, and valves.
AB75,932,2
1f. Packaging and handling equipment, including sealing, bagging, boxing,
2labeling, conveying, and product movement equipment.
AB75,932,33
g. Warehouse equipment, including storage and curing racks.
AB75,932,64
h. Waste treatment and waste management equipment, including tanks,
5blowers, separators, dryers, digesters, and equipment that uses waste to produce
6energy, fuel, or industrial products.
AB75,932,107
i. Computer software and hardware used for managing the claimant's meat
8processing operation, including software and hardware related to logistics,
9inventory management, production plant controls, and temperature monitoring
10controls.
AB75,932,1211
4. "Used exclusively" means used to the exclusion of all other uses except for
12use not exceeding 5 percent of total use.
AB75,932,1813
(b)
Filing claims. Subject to the limitations provided in this subsection and s.
14560.209, for taxable years beginning after December 31, 2008, and before January
151, 2017, a claimant may claim as a credit against the taxes imposed under s. 71.23,
16up to the amount of the tax, an amount equal to 10 percent of the amount the
17claimant paid in the taxable year for meat processing modernization or expansion
18related to the claimant's meat processing operation.
AB75,932,2119
(c)
Limitations. 1. No credit may be allowed under this subsection for any
20amount that the claimant paid for expenses described under par. (b) that the
21claimant also claimed as a deduction under section
162 of the Internal Revenue Code.
AB75,932,2322
2. The aggregate amount of credits that a claimant may claim under this
23subsection is $200,000.
AB75,933,3
13. a. The maximum amount of the credits that may be allocated under this
2subsection and ss. 71.07 (3r) and 71.47 (3r) in fiscal year 2009-10 is $300,000, as
3allocated under s. 560.209.
