SB21,925,1913
71.26
(2) (b) 9. For taxable years that begin after December 31, 2012,
and
14before January 1, 2014, for a corporation, conduit, or common law trust which
15qualifies as a regulated investment company, real estate mortgage investment
16conduit, real estate investment trust, or financial asset securitization investment
17trust under the Internal Revenue Code as amended to December 31, 2010, excluding
18sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d),
1913174, and 13203 (d) of P.L.
103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and
201605 (d) of P.L.
104-188, sections 1, 3, 4, and 5 of P.L.
106-519, sections 162 and 165
21of P.L.
106-554, section 431 of P.L.
107-16, sections 101 and 301 (a) of P.L.
107-147,
22sections 106, 201, and 202 of P.L.
108-27, section 1201 of P.L.
108-173, sections 306,
23308, 316, 401, and 403 (a) of P.L.
108-311, sections 101, 102, 201, 211, 242, 244, 336,
24337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
109-1, sections 1305, 1308, 1309,
251310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58, section
111146 of P.L.
109-59, section 301 of P.L.
109-73, sections 101, 105, 201 (a) as it relates
2to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135, sections 101,
3207, 503, and 513 of P.L.
109-222, P.L.
109-432, except sections 117, 406, 409, 410,
4412, 417, 418, 424, and 425 of division A and section 403 of division C of P.L.
109-432,
5P.L.
110-28, except sections 8215, 8231, 8232, 8234, and 8236 of P.L.
110-28, P.L.
6110-140, sections 2, 3, and 5 of P.L.
110-142, P.L.
110-166, sections 3 (b) and 11 (b),
7(e), and (g) of P.L.
110-172, P.L.
110-185, P.L.
110-234, section 301 of P.L.
110-245,
8P.L.
110-246, except sections 4, 15312, 15313, 15314, 15316, and 15342 of P.L.
9110-246, sections 3071, 3081, and 3082 of P.L.
110-289, section 9 (e) of P.L.
110-317,
10P.L.
110-343, except sections 116, 208, 211, and 301 of division B and sections 313
11and 504 of division C of P.L.
110-343, P.L.
111-5, except sections 1261, 1262, 1401,
121402, 1521, 1522, 1531, and 1541 of division B of P.L.
111-5, section 201 of P.L.
13111-147, P.L.
111-148, except sections 1322, 1515, 9003, 9004, 9005, 9012, 9013,
149014, 9016, 9021, 9022, 10108, 10902, 10908, and 10909 of P.L.
111-148, P.L.
15111-152, except sections 1403 and 1407 of P.L.
111-152, P.L.
111-203, except section
161601 of P.L.
111-203, P.L.
111-226, except sections 215 and 217 of P.L.
111-226, P.L.
17111-240, except sections 2014, 2043, 2111, 2112, and 2113 of P.L.
111-240, and P.L.
18111-312, and as amended by section 1858 of P.L.
112-10, section 1108 of P.L.
112-95,
19sections 40211, 40241, 40242, and 100121 of P.L.
112-141,
and sections 101 and 902
20of P.L.
112-240,
and P.L. 113-168, and as indirectly affected in the provisions
21applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
22101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
23excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
24103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
25103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
1excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
2104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
3105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554, excluding sections
4162 and 165 of P.L.
106-554, P.L.
106-573, P.L.
107-15, P.L.
107-16, excluding
5section 431 of P.L.
107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147,
6excluding sections 101 and 301 (a) of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
7107-276, P.L.
107-358, P.L.
108-27, excluding sections 106, 201, and 202 of P.L.
8108-27, P.L.
108-121, P.L.
108-173, excluding section 1201 of P.L.
108-173, P.L.
9108-203, P.L.
108-218, P.L.
108-311, excluding sections 306, 308, 316, 401, and 403
10(a) of P.L.
108-311, P.L.
108-357, excluding sections 101, 102, 201, 211, 242, 244, 336,
11337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
108-375, P.L.
108-476, P.L.
109-7,
12P.L.
109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
131329, 1348, and 1351 of P.L.
109-58, P.L.
109-59, excluding section 11146 of P.L.
14109-59, P.L.
109-73, excluding section 301 of P.L.
109-73, P.L.
109-135, excluding
15sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and
16(q), and 405 of P.L.
109-135, P.L.
109-151, P.L.
109-222, excluding sections 101, 207,
17503, and 513 of P.L.
109-222, P.L.
109-227, P.L.
109-280, sections 117, 406, 409, 410,
18412, 417, 418, 424, and 425 of division A and section 403 of division C of P.L.
109-432,
19sections 8215, 8231, 8232, 8234, and 8236 of P.L.
110-28, P.L.
110-141, P.L.
110-142,
20excluding sections 2, 3, and 5 of P.L.
110-142, P.L.
110-172, excluding sections 3 (b)
21and 11 (b), (e), and (g) of P.L.
110-172, P.L.
110-245, excluding section 301 of P.L.
22110-245, sections 4, 15312, 15313, 15314, 15316, and 15342 of P.L.
110-246, P.L.
23110-289, excluding sections 3071, 3081, and 3082 of P.L.
110-289, P.L.
110-317,
24excluding section 9 (e) of P.L.
110-317, sections 116, 208, 211, and 301 of division B
25and sections 313 and 504 of division C of P.L.
110-343, P.L.
110-351, P.L.
110-458,
1sections 1261, 1262, 1401, 1402, 1521, 1522, 1531, and 1541 of division B of P.L.
2111-5, P.L.
111-92, P.L.
111-147, excluding section 201 of P.L.
111-147, sections
31322, 1515, 9003, 9004, 9005, 9012, 9013, 9014, 9016, 9021, 9022, 10108, 10902,
410908, and 10909 of P.L.
111-148, sections 1403 and 1407 of P.L.
111-152, P.L.
5111-192, section 1601 of P.L.
111-203, sections 215 and 217 of P.L.
111-226, sections
62014, 2043, 2111, 2112, and 2113 of P.L.
111-240, P.L.
111-325, section 1858 of P.L.
7112-10, section 1108 of P.L.
112-95, sections 40211, 40241, 40242, and 100121 of P.L.
8112-141,
and sections 101 and 902 of P.L.
112-240,
and P.L. 113-168, "net income"
9means the federal regulated investment company taxable income, federal real estate
10mortgage investment conduit taxable income, federal real estate investment trust
11or financial asset securitization investment trust taxable income of the corporation,
12conduit, or trust as determined under the Internal Revenue Code as amended to
13December 31, 2010, excluding sections 103, 104, and 110 of P.L.
102-227, sections
1413113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, sections 1123 (b),
151202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, sections 1, 3, 4, and 5 of P.L.
16106-519, sections 162 and 165 of P.L.
106-554, section 431 of P.L.
107-16, sections
17101 and 301 (a) of P.L.
107-147, sections 106, 201, and 202 of P.L.
108-27, section
181201 of P.L.
108-173, sections 306, 308, 316, 401, and 403 (a) of P.L.
108-311, sections
19101, 102, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
20109-1, sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348,
21and 1351 of P.L.
109-58, section 11146 of P.L.
109-59, section 301 of P.L.
109-73,
22sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and
23(q), and 405 of P.L.
109-135, sections 101, 207, 503, and 513 of P.L.
109-222, P.L.
24109-432, except sections 117, 406, 409, 410, 412, 417, 418, 424, and 425 of division
25A and section 403 of division C of P.L.
109-432, P.L.
110-28, except sections 8215,
18231, 8232, 8234, and 8236 of P.L.
110-28, P.L.
110-140, sections 2, 3, and 5 of P.L.
2110-142, P.L.
110-166, sections 3 (b) and 11 (b), (e), and (g) of P.L.
110-172, P.L.
3110-185, P.L.
110-234, section 301 of P.L.
110-245, P.L.
110-246, except sections 4,
415312, 15313, 15314, 15316, and 15342 of P.L.
110-246, sections 3071, 3081, and
53082 of P.L.
110-289, section 9 (e) of P.L.
110-317, P.L.
110-343, except sections 116,
6208, 211, and 301 of division B and sections 313 and 504 of division C of P.L.
110-343,
7P.L.
111-5, except sections 1261, 1262, 1401, 1402, 1521, 1522, 1531, and 1541 of
8division B of P.L.
111-5, section 201 of P.L.
111-147, P.L.
111-148, except sections
91322, 1515, 9003, 9004, 9005, 9012, 9013, 9014, 9016, 9021, 9022, 10108, 10902,
1010908, and 10909 of P.L.
111-148, P.L.
111-152, except sections 1403 and 1407 of P.L.
11111-152, P.L.
111-203, except section 1601 of P.L.
111-203, P.L.
111-226, except
12sections 215 and 217 of P.L.
111-226, P.L.
111-240, except sections 2014, 2043, 2111,
132112, and 2113 of P.L.
111-240, and P.L.
111-312, and as amended by section 1858
14of P.L.
112-10, section 1108 of P.L.
112-95, sections 40211, 40241, 40242, and 100121
15of P.L.
112-141,
and sections 101 and 902 of P.L.
112-240,
and P.L. 113-168, and as
16indirectly affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
17100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
18101-508, P.L.
102-227, excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
19102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
2013174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
21104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
22(d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
23105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
24106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
106-573, P.L.
107-15,
25P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-22, P.L.
107-116, P.L.
1107-134, P.L.
107-147, excluding sections 101 and 301 (a) of P.L.
107-147, P.L.
2107-181, P.L.
107-210, P.L.
107-276, P.L.
107-358, P.L.
108-27, excluding sections
3106, 201, and 202 of P.L.
108-27, P.L.
108-121, P.L.
108-173, excluding section 1201
4of P.L.
108-173, P.L.
108-203, P.L.
108-218, P.L.
108-311, excluding sections 306,
5308, 316, 401, and 403 (a) of P.L.
108-311, P.L.
108-357, excluding sections 101, 102,
6201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
108-375,
7P.L.
108-476, P.L.
109-7, P.L.
109-58, excluding sections 1305, 1308, 1309, 1310,
81323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58, P.L.
109-59,
9excluding section 11146 of P.L.
109-59, P.L.
109-73, excluding section 301 of P.L.
10109-73, P.L.
109-135, excluding sections 101, 105, 201 (a) as it relates to section
111400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135, P.L.
109-151, P.L.
12109-222, excluding sections 101, 207, 503, and 513 of P.L.
109-222, P.L.
109-227,
13P.L.
109-280, sections 117, 406, 409, 410, 412, 417, 418, 424, and 425 of division A
14and section 403 of division C of P.L.
109-432, sections 8215, 8231, 8232, 8234, and
158236 of P.L.
110-28, P.L.
110-141, P.L.
110-142, excluding sections 2, 3, and 5 of P.L.
16110-142, P.L.
110-172, excluding sections 3 (b) and 11 (b), (e), and (g) of P.L.
110-172,
17P.L.
110-245, excluding section 301 of P.L.
110-245, sections 4, 15312, 15313, 15314,
1815316, and 15342 of P.L.
110-246, P.L.
110-289, excluding sections 3071, 3081, and
193082 of P.L.
110-289, P.L.
110-317, excluding section 9 (e) of P.L.
110-317, sections
20116, 208, 211, and 301 of division B and sections 313 and 504 of division C of P.L.
21110-343, P.L.
110-351, P.L.
110-458, sections 1261, 1262, 1401, 1402, 1521, 1522,
221531, and 1541 of division B of P.L.
111-5, P.L.
111-92, P.L.
111-147, excluding
23section 201 of P.L.
111-147, sections 1322, 1515, 9003, 9004, 9005, 9012, 9013, 9014,
249016, 9021, 9022, 10108, 10902, 10908, and 10909 of P.L.
111-148, section 1407 of
25P.L.
111-152, P.L.
111-192, section 1601 of P.L.
111-203, sections 215 and 217 of P.L.
1111-226, sections 2014, 2043, 2111, 2112, and 2113 of P.L.
111-240, P.L.
111-325,
2section 1858 of P.L.
112-10, section 1108 of P.L.
112-95, sections 40211, 40241, 40242,
3and 100121 of P.L.
112-141,
and sections 101 and 902 of P.L.
112-240,
and P.L.
4113-168, except that property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is
5required to be depreciated for taxable years 1983 to 1986 under the Internal Revenue
6Code as amended to December 31, 1980, shall continue to be depreciated under the
7Internal Revenue Code as amended to December 31, 1980, and except that the
8appropriate amount shall be added or subtracted to reflect differences between the
9depreciation or adjusted basis for federal income tax purposes and the depreciation
10or adjusted basis under this chapter of any property disposed of during the taxable
11year. The Internal Revenue Code as amended to December 31, 2010, excluding
12sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d),
1313174, and 13203 (d) of P.L.
103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and
141605 (d) of P.L.
104-188, sections 1, 3, 4, and 5 of P.L.
106-519, sections 162 and 165
15of P.L.
106-554, section 431 of P.L.
107-16, sections 101 and 301 (a) of P.L.
107-147,
16sections 106, 201, and 202 of P.L.
108-27, section 1201 of P.L.
108-173, sections 306,
17308, 316, 401, and 403 (a) of P.L.
108-311, sections 101, 102, 201, 211, 242, 244, 336,
18337, 422, 847, 909, and 910 of P.L.
108-357, P.L.
109-1, sections 1305, 1308, 1309,
191310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
109-58, section
2011146 of P.L.
109-59, section 301 of P.L.
109-73, sections 101, 105, 201 (a) as it relates
21to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
109-135, sections 101,
22207, 503, and 513 of P.L.
109-222, P.L.
109-432, except sections 117, 406, 409, 410,
23412, 417, 418, 424, and 425 of division A and section 403 of division C of P.L.
109-432,
24P.L.
110-28, except sections 8215, 8231, 8232, 8234, and 8236 of P.L.
110-28, P.L.
25110-140, sections 2, 3, and 5 of P.L.
110-142, P.L.
110-166, sections 3 (b) and 11 (b),
1(e), and (g) of P.L.
110-172, P.L.
110-185, P.L.
110-234, section 301 of P.L.
110-245,
2P.L.
110-246, except sections 4, 15312, 15313, 15314, 15316, and 15342 of P.L.
3110-246, sections 3071, 3081, and 3082 of P.L.
110-289, section 9 (e) of P.L.
110-317,
4P.L.
110-343, except sections 116, 208, 211, and 301 of division B and sections 313
5and 504 of division C of P.L.
110-343, P.L.
111-5, except sections 1261, 1262, 1401,
61402, 1521, 1522, 1531, and 1541 of division B of P.L.
111-5, section 201 of P.L.
7111-147, P.L.
111-148, except sections 1322, 1515, 9003, 9004, 9005, 9012, 9013,
89014, 9016, 9021, 9022, 10108, 10902, 10908, and 10909 of P.L.
111-148, P.L.
9111-152, except section 1407 of P.L.
111-152, P.L.
111-203, except section 1601 of P.L.
10111-203, P.L.
111-226, except sections 215 and 217 of P.L.
111-226, P.L.
111-240,
11except sections 2014, 2043, 2111, 2112, and 2113 of P.L.
111-240, and P.L.
111-312,
12and as amended by section 1858 of P.L.
112-10, section 1108 of P.L.
112-95, sections
1340211, 40241, 40242, and 100121 of P.L.
112-141,
and sections 101 and 902 of P.L.
14112-240,
and P.L. 113-168, and as indirectly affected in the provisions applicable to
15this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
16101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections
17103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding
18sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
19103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections
201123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
21104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
22106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554, excluding sections 162 and 165 of
23P.L.
106-554, P.L.
106-573, 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, 102, 201, 211, 242, 244, 336, 337, 422,
5847, 909, and 910 of P.L.
108-357, P.L.
108-375, P.L.
108-476, P.L.
109-7, P.L.
6109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
71329, 1348, and 1351 of P.L.
109-58, P.L.
109-59, excluding section 11146 of P.L.
8109-59, P.L.
109-73, excluding section 301 of P.L.
109-73, P.L.
109-135, excluding
9sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and
10(q), and 405 of P.L.
109-135, P.L.
109-151, P.L.
109-222, excluding sections 101, 207,
11503, and 513 of P.L.
109-222, P.L.
109-227, P.L.
109-280, sections 117, 406, 409, 410,
12412, 417, 418, 424, and 425 of division A and section 403 of division C of P.L.
109-432,
13sections 8215, 8231, 8232, 8234, and 8236 of P.L.
110-28, P.L.
110-141, P.L.
110-142,
14excluding sections 2, 3, and 5 of P.L.
110-142, P.L.
110-172, excluding sections 3 (b)
15and 11 (b), (e), and (g) of P.L.
110-172, P.L.
110-245, excluding section 301 of P.L.
16110-245, sections 4, 15312, 15313, 15314, 15316, and 15342 of P.L.
110-246, P.L.
17110-289, excluding sections 3071, 3081, and 3082 of P.L.
110-289, P.L.
110-317,
18excluding section 9 (e) of P.L.
110-317, sections 116, 208, 211, and 301 of division B
19and sections 313 and 504 of division C of P.L.
110-343, P.L.
110-351, P.L.
110-458,
20sections 1261, 1262, 1401, 1402, 1521, 1522, 1531, and 1541 of division B of P.L.
21111-5, P.L.
111-92, P.L.
111-147, excluding section 201 of P.L.
111-147, sections
221322, 1515, 9003, 9004, 9005, 9012, 9013, 9014, 9016, 9021, 9022, 10108, 10902,
2310908, and 10909 of P.L.
111-148, sections 1403 and 1407 of P.L.
111-152, P.L.
24111-192, section 1601 of P.L.
111-203, sections 215 and 217 of P.L.
111-226, sections
252014, 2043, 2111, 2112, and 2113 of P.L.
111-240, P.L.
111-325, section 1858 of P.L.
1112-10, section 1108 of P.L.
112-95, sections 40211, 40241, 40242, and 100121 of P.L.
2112-141,
and sections 101 and 902 of P.L.
112-240, and P.L. 113-168, applies for
3Wisconsin purposes at the same time as for federal purposes, except that changes
4made by P.L.
106-573, sections 9004, 9005, 9012, 9013, 9014, 9016, and 10902 of P.L.
5111-148, and sections 1403 and 1407 of P.L.
111-152, section 1858 of P.L.
112-10,
6section 1108 of P.L.
112-95, and sections 40211, 40241, 40242, and 100121 of P.L.
7112-141 do not apply for taxable years beginning before January 1, 2013.
8Amendments to the federal Internal Revenue Code enacted after December 31, 2010,
9do not apply to this paragraph with respect to taxable years beginning after
10December 31, 2010, except that changes to the Internal Revenue Code made by
11section 1858 of P.L.
112-10, section 1108 of P.L.
112-95, and sections 40211, 40241,
1240242, and 100121 of P.L.
112-141, and changes that indirectly affect the provisions
13applicable to this subchapter made by section 1858 of P.L.
112-10, section 1108 of P.L.
14112-95, and sections 40211, 40241, 40242, and 100121 of P.L.
112-141, do not apply
15for taxable years beginning before January 1, 2013, and changes to the Internal
16Revenue Code made by sections 101 and 902 of P.L.
112-240 and by P.L. 113-168, and
17changes that indirectly affect the provisions applicable to this subchapter made by
18sections 101 and 902 of P.L.
112-240 and by P.L. 113-168, apply for Wisconsin
19purposes at the same time as for federal purposes.