SB2-SA3,43m 15Section 43m. 71.22 (4) (L) 4. of the statutes is amended to read:
SB2-SA3,6,2116 71.22 (4) (L) 4. For purposes of this paragraph, the provisions of federal public
17laws that directly or indirectly affect the Internal Revenue Code, as defined in this
18paragraph, apply for Wisconsin purposes at the same time as for federal purposes,
19except that changes made by P.L. 115-63 and sections 11026, 11027, 11028, 13207,
2013306, 13307, 13308, 13311, 13312, 13501, 13705, 13821, and 13823 of P.L. 115-97
21first apply for taxable years beginning after December 31, 2017
.
SB2-SA3,44m 22Section 44m. 71.22 (4) (m) of the statutes is created to read:
SB2-SA3,7,223 71.22 (4) (m) 1. For taxable years beginning after December 31, 2020, “Internal
24Revenue Code" means the federal Internal Revenue Code as amended to December

131, 2020, except as provided in subds. 2. and 3. and subject to subd. 4., and except
2as provided in sub. (4m) and ss. 71.26 (2) (b) and (3), 71.34 (1g), 71.42 (2), and 71.98.
SB2-SA3,8,23 2. For purposes of this paragraph, “Internal Revenue Code" does not include
4the following provisions of federal public laws for taxable years beginning after
5December 31, 2020: section 13113 of P.L. 103-66; sections 1, 3, 4, and 5 of P.L.
6106-519; sections 101, 102, and 422 of P.L. 108-357; sections 1310 and 1351 of P.L.
7109-58; section 11146 of P.L. 109-59; section 403 (q) of P.L. 109-135; section 513 of
8P.L. 109-222; sections 104 and 307 of P.L. 109-432; sections 8233 and 8235 of P.L.
9110-28; section 11 (e) and (g) of P.L. 110-172; section 301 of P.L. 110-245; section
1015351 of P.L. 110-246; section 302 of division A, section 401 of division B, and sections
11312, 322, 502 (c), 707, and 801 of division C of P.L. 110-343; sections 1232, 1241, 1251,
121501, and 1502 of division B of P.L. 111-5; sections 211, 212, 213, 214, and 216 of P.L.
13111-226; sections 2011 and 2122 of P.L. 111-240; sections 753, 754, and 760 of P.L.
14111-312; section 1106 of P.L. 112-95; sections 104, 318, 322, 323, 324, 326, 327, and
15411 of P.L. 112-240; P.L. 114-7; section 1101 of P.L. 114-74; section 305 of division
16P of P.L. 114-113; sections 123, 125 to 128, 143, 144, 151 to 153, 165 to 167, 169 to
17171, 189, 191, 307, 326, and 411 of division Q of P.L. 114-113; sections 11011, 11012,
1813201 (a) to (e) and (g), 13206, 13221, 13301, 13304 (a), (b), and (d), 13531, 13601,
1913801, 14101, 14102, 14103, 14201, 14202, 14211, 14212, 14213, 14214, 14215,
2014221, 14222, 14301, 14302, 14304, and 14401 of P.L. 115-97; sections 40304, 40305,
2140306, and 40412 of P.L. 115-123; section 101 (c) of division T of P.L. 115-141;
22sections 101 (d) and (e), 102, 201 to 207, 301, 302, and 401 (a) (47) and (195), (b) (13),
23(17), (22) and (30), and (d) (1) (D) (v), (vi), and (xiii) and (xvii) (II) of division U of P.L.
24115-141; sections 104, 114, 115, 116, 130, and 145 of division Q of P.L. 116-94;
25sections 2304 and 2306 of P.L. 116-136; and sections 111, 114, 115, 116, 118 (a) and

1(d), 133, 137, 138, 210, and 211 of division EE and sections 276 and 278 of division
2N of P.L. 116-260.
SB2-SA3,8,43 3. For purposes of this paragraph, “Internal Revenue Code" does not include
4amendments to the federal Internal Revenue Code enacted after December 31, 2020.
SB2-SA3,8,155 4. For purposes of this paragraph, the provisions of federal public laws that
6directly or indirectly affect the Internal Revenue Code, as defined in this paragraph,
7apply for Wisconsin purposes at the same time as for federal purposes, except that
8changes made by sections 20101, 20102, 20104, 20201, 40201, 40202, 40203, 40308,
940309, 40311, 40414, 41101, 41107, 41114, 41115, and 41116 of P.L. 115-123; section
10101 (a), (b), and (h) of division U of P.L. 115-141; section 1203 of P.L. 116-25; section
111122 of P.L. 116-92; section 301 of division O, section 1302 of division P, and sections
12101, 102, 103, 117, 118, 132, 201, 202 (a), (b), and (c), 204 (a), (b), and (c), 301, and
13302 of division Q of P.L. 116-94; section 2 of P.L. 116-98; and sections 301, 302, and
14304 of division EE of P.L. 116-260 apply for taxable years beginning after December
1531, 2020.
SB2-SA3,45m 16Section 45m. 71.22 (4m) (c), (d), (e), (f), (g), (h) and (i) of the statutes are
17repealed.
SB2-SA3,46m 18Section 46m. 71.22 (4m) (j) 3. m. of the statutes is created to read:
SB2-SA3,8,2019 71.22 (4m) (j) 3. m. Sections 101 (m), (n), (o), (p), and (q), 104 (a), and 109 of
20division U of P.L. 115-141.
SB2-SA3,47m 21Section 47m. 71.22 (4m) (j) 3. n. of the statutes is created to read:
SB2-SA3,8,2322 71.22 (4m) (j) 3. n. Section 102 of division M and sections 110, 111, and 116 (b)
23of division O of P.L. 116-94.
SB2-SA3,48m 24Section 48m. 71.22 (4m) (k) 3. of the statutes is amended to read:
SB2-SA3,9,6
171.22 (4m) (k) 3. For purposes of this paragraph, “ Internal Revenue Code" does
2not include amendments to the federal Internal Revenue Code enacted after
3December 31, 2016, except that “Internal Revenue Code” includes sections 11024,
411025, and 13543 of P.L. 115-97; sections 40307 and 40413 of P.L. 115-123; sections
5101 (m), (n), (o), (p), and (q), 104 (a), and 109 of division U of P.L. 115-141; and section
6102 of division M and sections 110, 111, and 116 (b) of division O of P.L. 116-94
.
SB2-SA3,49m 7Section 49m. 71.22 (4m) (L) 1. of the statutes is amended to read:
SB2-SA3,9,128 71.22 (4m) (L) 1. For taxable years beginning after December 31, 2017, and
9before January 1, 2021,
“Internal Revenue Code", for corporations that are subject
10to a tax on unrelated business income under s. 71.26 (1) (a), means the federal
11Internal Revenue Code as amended to December 31, 2017, except as provided in
12subds. 2. and 3. and s. 71.98 and subject to subd. 4.
SB2-SA3,50m 13Section 50m. 71.22 (4m) (L) 3. of the statutes is amended to read:
SB2-SA3,9,2414 71.22 (4m) (L) 3. For purposes of this paragraph, “Internal Revenue Code" does
15not include amendments to the federal Internal Revenue Code enacted after
16December 31, 2017, except that “Internal Revenue Code” includes sections 40307,
1740413, and 41113 of P.L. 115-123; sections 101 (m), (n), (o), (p), and (q), 104 (a), 109,
18401 (a) (54) and (b) (15) (A), (B), and (C), 19, 20, 23, 26, 27, and 28 of division U of P.L.
19115-141; sections 102 and 104 of division M, sections 102, 103, 106, 107, 108, 109,
20110, 111, 113, 114, 115, 116, 201, 204, 205, 206, 302, 401, and 601 of division O, section
211302 of division P, and sections 131, 202 (d), and 205 of division Q of P.L. 116-94;
22sections 1106, 2202, 2203, 2204, 2205, 2206, 2307, 3608, 3609, 3701, and 3702 of
23division A of P.L. 116-136; and sections 202, 208, 209, and 214 of division EE and
24sections 277, 280, and 285 of division N of P.L. 116-260
.
SB2-SA3,51m 25Section 51m. 71.22 (4m) (L) 4. of the statutes is amended to read:
SB2-SA3,10,6
171.22 (4m) (L) 4. For purposes of this paragraph, the provisions of federal
2public laws that directly or indirectly affect the Internal Revenue Code, as defined
3in this paragraph, apply for Wisconsin purposes at the same time as for federal
4purposes, except that changes made by P.L. 115-63 and sections 11026, 11027, 11028,
513207, 13306, 13307, 13308, 13311, 13312, 13501, 13705, 13821, and 13823 of P.L.
6115-97 first apply for taxable years beginning after December 31, 2017
.
SB2-SA3,52m 7Section 52m. 71.22 (4m) (m) of the statutes is created to read:
SB2-SA3,10,128 71.22 (4m) (m) 1. For taxable years beginning after December 31, 2020,
9“Internal Revenue Code," for corporations that are subject to a tax on unrelated
10business income under s. 71.26 (1) (a), means the federal Internal Revenue Code as
11amended to December 31, 2020, except as provided in subds. 2. and 3. and s. 71.98
12and subject to subd. 4.
SB2-SA3,11,1213 2. For purposes of this paragraph, “Internal Revenue Code" does not include
14the following provisions of federal public laws for taxable years beginning after
15December 31, 2020: section 13113 of P.L. 103-66; sections 1, 3, 4, and 5 of P.L.
16106-519; sections 101, 102, and 422 of P.L. 108-357; sections 1310 and 1351 of P.L.
17109-58; section 11146 of P.L. 109-59; section 403 (q) of P.L. 109-135; section 513 of
18P.L. 109-222; sections 104 and 307 of P.L. 109-432; sections 8233 and 8235 of P.L.
19110-28; section 11 (e) and (g) of P.L. 110-172; section 301 of P.L. 110-245; section
2015351 of P.L. 110-246; section 302 of division A, section 401 of division B, and sections
21312, 322, 502 (c), 707, and 801 of division C of P.L. 110-343; sections 1232, 1241, 1251,
221501, and 1502 of division B of P.L. 111-5; sections 211, 212, 213, 214, and 216 of P.L.
23111-226; sections 2011 and 2122 of P.L. 111-240; sections 753, 754, and 760 of P.L.
24111-312; section 1106 of P.L. 112-95; sections 104, 318, 322, 323, 324, 326, 327, and
25411 of P.L. 112-240; P.L. 114-7; section 1101 of P.L. 114-74; section 305 of division

1P of P.L. 114-113; sections 123, 125 to 128, 143, 144, 151 to 153, 165 to 167, 169 to
2171, 189, 191, 307, 326, and 411 of division Q of P.L. 114-113; sections 11011, 11012,
313201 (a) to (e) and (g), 13206, 13221, 13301, 13304 (a), (b), and (d), 13531, 13601,
413801, 14101, 14102, 14103, 14201, 14202, 14211, 14212, 14213, 14214, 14215,
514221, 14222, 14301, 14302, 14304, and 14401 of P.L. 115-97; sections 40304, 40305,
640306, and 40412 of P.L. 115-123; section 101 (c) of division T of P.L. 115-141;
7sections 101 (d) and (e), 102, 201 to 207, 301, 302, and 401 (a) (47) and (195), (b) (13),
8(17), (22) and (30), and (d) (1) (D) (v), (vi), and (xiii) and (xvii) (II) of division U of P.L.
9115-141; sections 104, 114, 115, 116, 130, and 145 of division Q of P.L. 116-94;
10sections 2304 and 2306 of P.L. 116-136; and sections 111, 114, 115, 116, 118 (a) and
11(d), 133, 137, 138, 210, and 211 of division EE and sections 276 and 278 of division
12N of P.L. 116-260.
SB2-SA3,11,1413 3. For purposes of this paragraph, “Internal Revenue Code" does not include
14amendments to the federal Internal Revenue Code enacted after December 31, 2020.
SB2-SA3,11,2515 4. For purposes of this paragraph, the provisions of federal public laws that
16directly or indirectly affect the Internal Revenue Code, as defined in this paragraph,
17apply for Wisconsin purposes at the same time as for federal purposes, except that
18changes made by sections 20101, 20102, 20104, 20201, 40201, 40202, 40203, 40308,
1940309, 40311, 40414, 41101, 41107, 41114, 41115, and 41116 of P.L. 115-123; section
20101 (a), (b), and (h) of division U of P.L. 115-141; section 1203 of P.L. 116-25; section
211122 of P.L. 116-92; section 301 of division O, section 1302 of division P, and sections
22101, 102, 103, 117, 118, 132, 201, 202 (a), (b), and (c), 204 (a), (b), and (c), 301, and
23302 of division Q of P.L. 116-94; section 2 of P.L. 116-98; and sections 301, 302, and
24304 of division EE of P.L. 116-260 apply for taxable years beginning after December
2531, 2020.
SB2-SA3,53m
1Section 53m. 71.22 (5g) of the statutes is created to read:
SB2-SA3,12,32 71.22 (5g) For purposes of s. 71.22 (4) (b) and (4m) (b), 2013 stats., “Internal
3Revenue Code" includes section 109 of division U of P.L. 115-141.
SB2-SA3,54m 4Section 54m. 71.26 (2) (b) 3., 4., 5., 6., 7., 8. and 9. of the statutes are repealed.
SB2-SA3,55m 5Section 55m. 71.26 (2) (b) 10. d. of the statutes is amended to read:
SB2-SA3,12,156 71.26 (2) (b) 10. d. For purposes of subd. 10. a., “Internal Revenue Code" does
7not include amendments to the federal Internal Revenue Code enacted after
8December 31, 2013, except that “Internal Revenue Code" includes the provisions of
9P.L. 113-97, P.L. 113-159, P.L. 113-168, section 302901 of P.L. 113-287, sections 171,
10172, and 201 to 221 of P.L. 113-295, sections 102, 105, and 207 of division B of P.L.
11113-295, P.L. 114-14, P.L. 114-26, section 2004 of P.L. 114-41, sections 503 and 504
12of P.L. 114-74, sections 103, 104, 124, 168, 184, 185, 190, 204, 303, 306, 336, and 341
13of division Q of P.L. 114-113, and P.L. 114-239 , sections 101 (m), (n), (o), (p), and (q),
14104 (a), and 109 of division U of P.L. 115-141, and section 102 of division M and
15sections 110, 111, and 116 (b) of division O of P.L. 116-94
.
SB2-SA3,56m 16Section 56m. 71.26 (2) (b) 11. d. of the statutes is amended to read:
SB2-SA3,12,2217 71.26 (2) (b) 11. d. For purposes of subd. 11. a., “Internal Revenue Code" does
18not include amendments to the federal Internal Revenue Code enacted after
19December 31, 2016, except that “Internal Revenue Code” includes sections 11024,
2011025, and 13543 of P.L. 115-97; sections 40307 and 40413 of P.L. 115-123; sections
21101 (m), (n), (o), (p), and (q), 104 (a), and 109 of division U of P.L. 115-141; and section
22102 of division M and sections 110, 111, and 116 (b) of division O of P.L. 116-94
.
SB2-SA3,57m 23Section 57m. 71.26 (2) (b) 12. a. of the statutes is amended to read:
SB2-SA3,13,724 71.26 (2) (b) 12. a. For taxable years beginning after December 31, 2017, and
25before January 1, 2021,
for a corporation, conduit, or common law trust which

1qualifies as a regulated investment company, real estate mortgage investment
2conduit, real estate investment trust, or financial asset securitization investment
3trust under the Internal Revenue Code, “net income" means the federal regulated
4investment company taxable income, federal real estate mortgage investment
5conduit taxable income, federal real estate investment trust or financial asset
6securitization investment trust taxable income of the corporation, conduit, or trust
7as determined under the Internal Revenue Code.
SB2-SA3,58m 8Section 58m. 71.26 (2) (b) 12. d. of the statutes is amended to read:
SB2-SA3,13,199 71.26 (2) (b) 12. d. For purposes of subd. 12. a., “Internal Revenue Code" does
10not include amendments to the federal Internal Revenue Code enacted after
11December 31, 2017, except that “Internal Revenue Code” includes sections 40307,
1240413, and 41113 of P.L. 115-123; sections 101 (m), (n), (o), (p), and (q), 104 (a), 109,
13401 (a) (54) and (b) (15) (A), (B), and (C), 19, 20, 23, 26, 27, and 28 of division U of P.L.
14115-141; sections 102 and 104 of division M, sections 102, 103, 106, 107, 108, 109,
15110, 111, 113, 114, 115, 116, 201, 204, 205, 206, 302, 401, and 601 of division O, section
161302 of division P, and sections 131, 202 (d), and 205 of division Q of P.L. 116-94;

17sections 1106, 2202, 2203, 2204, 2205, 2206, 2307, 3608, 3609, 3701, and 3702 of
18division A of P.L. 116-136; and sections 202, 208, 209, and 214 of division EE and
19sections 277, 280, and 285 of division N of P.L. 116-260
.
SB2-SA3,59m 20Section 59m. 71.26 (2) (b) 12. e. of the statutes is amended to read:
SB2-SA3,14,221 71.26 (2) (b) 12. e. For purposes of subd. 12. a., the provisions of federal public
22laws that directly or indirectly affect the Internal Revenue Code, as defined in this
23subdivision, apply for Wisconsin purposes at the same time as for federal purposes,
24except that changes made by P.L. 115-63 and sections 11026, 11027, 11028, 13207,

113306, 13307, 13308, 13311, 13312, 13501, 13705, 13821, and 13823 of P.L. 115-97
2first apply for taxable years beginning after December 31, 2017
.
SB2-SA3,60m 3Section 60m. 71.26 (2) (b) 13. of the statutes is created to read:
SB2-SA3,14,114 71.26 (2) (b) 13. a. For taxable years beginning after December 31, 2020, for a
5corporation, conduit, or common law trust that qualifies as a regulated investment
6company, real estate mortgage investment conduit, real estate investment trust, or
7financial asset securitization investment trust under the Internal Revenue Code,
8“net income" means the federal regulated investment company taxable income,
9federal real estate mortgage investment conduit taxable income, federal real estate
10investment trust, or financial asset securitization investment trust taxable income
11of the corporation, conduit, or trust as determined under the Internal Revenue Code.
SB2-SA3,14,1412 b. For purposes of subd. 13. a., “Internal Revenue Code" means the federal
13Internal Revenue Code as amended to December 31, 2020, except as provided in
14subd. 13. c. and d. and s. 71.98 and subject to subd. 13. e.
SB2-SA3,15,1415 c. For purposes of subd. 13. a., “Internal Revenue Code" does not include the
16following provisions of federal public laws for taxable years beginning after
17December 31, 2020: section 13113 of P.L. 103-66; sections 1, 3, 4, and 5 of P.L.
18106-519; sections 101, 102, and 422 of P.L. 108-357; sections 1310 and 1351 of P.L.
19109-58; section 11146 of P.L. 109-59; section 403 (q) of P.L. 109-135; section 513 of
20P.L. 109-222; sections 104 and 307 of P.L. 109-432; sections 8233 and 8235 of P.L.
21110-28; section 11 (e) and (g) of P.L. 110-172; section 301 of P.L. 110-245; section
2215351 of P.L. 110-246; section 302 of division A, section 401 of division B, and sections
23312, 322, 502 (c), 707, and 801 of division C of P.L. 110-343; sections 1232, 1241, 1251,
241501, and 1502 of division B of P.L. 111-5; sections 211, 212, 213, 214, and 216 of P.L.
25111-226; sections 2011 and 2122 of P.L. 111-240; sections 753, 754, and 760 of P.L.

1111-312; section 1106 of P.L. 112-95; sections 104, 318, 322, 323, 324, 326, 327, and
2411 of P.L. 112-240; P.L. 114-7; section 1101 of P.L. 114-74; section 305 of division
3P of P.L. 114-113; sections 123, 125 to 128, 143, 144, 151 to 153, 165 to 167, 169 to
4171, 189, 191, 307, 326, and 411 of division Q of P.L. 114-113; sections 11011, 11012,
513201 (a) to (e) and (g), 13206, 13221, 13301, 13304 (a), (b), and (d), 13531, 13601,
613801, 14101, 14102, 14103, 14201, 14202, 14211, 14212, 14213, 14214, 14215,
714221, 14222, 14301, 14302, 14304, and 14401 of P.L. 115-97; sections 40304, 40305,
840306, and 40412 of P.L. 115-123; section 101 (c) of division T of P.L. 115-141;
9sections 101 (d) and (e), 102, 201 to 207, 301, 302, and 401 (a) (47) and (195), (b) (13),
10(17), (22) and (30), and (d) (1) (D) (v), (vi), and (xiii) and (xvii) (II) of division U of P.L.
11115-141; sections 104, 114, 115, 116, 130, and 145 of division Q of P.L. 116-94;
12sections 2304 and 2306 of P.L. 116-136; and sections 111, 114, 115, 116, 118 (a) and
13(d), 133, 137, 138, 210, and 211 of division EE and sections 276 and 278 of division
14N of P.L. 116-260.
SB2-SA3,15,1615 d. For purposes of subd. 13. a., “Internal Revenue Code" does not include
16amendments to the federal Internal Revenue Code enacted after December 31, 2020.
SB2-SA3,16,217 e. For purposes of subd. 13. a., the provisions of federal public laws that directly
18or indirectly affect the Internal Revenue Code, as defined in this subdivision, apply
19for Wisconsin purposes at the same time as for federal purposes, except that changes
20made by sections 20101, 20102, 20104, 20201, 40201, 40202, 40203, 40308, 40309,
2140311, 40414, 41101, 41107, 41114, 41115, and 41116 of P.L. 115-123; section 101 (a),
22(b), and (h) of division U of P.L. 115-141; section 1203 of P.L. 116-25; section 1122 of
23P.L. 116-92; section 301 of division O, section 1302 of division P, and sections 101,
24102, 103, 117, 118, 132, 201, 202 (a), (b), and (c), 204 (a), (b), and (c), 301, and 302 of
25division Q of P.L. 116-94; section 2 of P.L. 116-98; and sections 301, 302, and 304 of

1division EE of P.L. 116-260 apply for taxable years beginning after December 31,
22020.
SB2-SA3,61m 3Section 61m. 71.26 (2) (b) 14. of the statutes is created to read:
SB2-SA3,16,54 71.26 (2) (b) 14. For purposes of s. 71.26 (2) (b) 2., 2013 stats., “Internal Revenue
5Code" includes section 109 of division U of P.L. 115-141.”.
SB2-SA3,16,7 63. Page 30, line 16: delete the material beginning with that line and ending
7with page 37, line 3, and substitute:
SB2-SA3,16,9 8 Section 63m. 71.34 (1g) (c), (d), (e), (f), (g), (h) and (i) of the statutes are
9repealed.
SB2-SA3,64m 10Section 64m. 71.34 (1g) (j) 3. m. of the statutes is created to read:
SB2-SA3,16,1211 71.34 (1g) (j) 3. m. Sections 101 (m), (n), (o), (p), and (q), 104 (a), and 109 of
12division U of P.L. 115-141.
SB2-SA3,65m 13Section 65m. 71.34 (1g) (j) 3. n. of the statutes is created to read:
SB2-SA3,16,1514 71.34 (1g) (j) 3. n. Section 102 of division M and sections 110, 111, and 116 (b)
15of division O of P.L. 116-94.
SB2-SA3,66m 16Section 66m. 71.34 (1g) (k) 3. of the statutes is amended to read:
SB2-SA3,16,2217 71.34 (1g) (k) 3. For purposes of this paragraph, “Internal Revenue Code" does
18not include amendments to the federal Internal Revenue Code enacted after
19December 31, 2016, except that “Internal Revenue Code” includes sections 11024,
2011025, and 13543 of P.L. 115-97; sections 40307 and 40413 of P.L. 115-123; sections
21101 (m), (n), (o), (p), and (q), 104 (a), and 109 of division U of P.L. 115-141; and section
22102 of division M and sections 110, 111, and 116 (b) of division O of P.L. 116-94
.
SB2-SA3,67m 23Section 67m. 71.34 (1g) (L) 1. of the statutes is amended to read:
SB2-SA3,17,4
171.34 (1g) (L) 1. For taxable years beginning after December 31, 2017, and
2before January 1, 2021,
for tax option corporations, “Internal Revenue Code" means
3the federal Internal Revenue Code as amended to December 31, 2017, except as
4provided in subds. 2., 3., and 5. and s. 71.98 and subject to subd. 4.
SB2-SA3,68m 5Section 68m. 71.34 (1g) (L) 3. of the statutes is amended to read:
SB2-SA3,17,166 71.34 (1g) (L) 3. For purposes of this paragraph, “Internal Revenue Code" does
7not include amendments to the federal Internal Revenue Code enacted after
8December 31, 2017, except that “Internal Revenue Code” includes sections 40307,
940413, and 41113 of P.L. 115-123; sections 101 (m), (n), (o), (p), and (q), 104 (a), 109,
10401 (a) (54) and (b) (15) (A), (B), and (C), 19, 20, 23, 26, 27, and 28 of division U of P.L.
11115-141; sections 102 and 104 of division M, sections 102, 103, 106, 107, 108, 109,
12110, 111, 113, 114, 115, 116, 201, 204, 205, 206, 302, 401, and 601 of division O, section
131302 of division P, and sections 131, 202 (d), and 205 of division Q of P.L. 116-94;

14sections 1106, 2202, 2203, 2204, 2205, 2206, 2307, 3608, 3609, 3701, and 3702 of
15division A of P.L. 116-136; and sections 202, 208, 209, and 214 of division EE and
16sections 277, 280, and 285 of division N of P.L. 116-260
.
SB2-SA3,69m 17Section 69m. 71.34 (1g) (L) 4. of the statutes is amended to read:
SB2-SA3,17,2318 71.34 (1g) (L) 4. For purposes of this paragraph, the provisions of federal public
19laws that directly or indirectly affect the Internal Revenue Code, as defined in this
20paragraph, apply for Wisconsin purposes at the same time as for federal purposes,
21except that changes made by P.L. 115-63 and sections 11026, 11027, 11028, 13207,
2213306, 13307, 13308, 13311, 13312, 13501, 13705, 13821, and 13823 of P.L. 115-97
23first apply for taxable years beginning after December 31, 2017
.
SB2-SA3,70m 24Section 70m. 71.34 (1g) (m) of the statutes is created to read:
SB2-SA3,18,4
171.34 (1g) (m) 1. For taxable years beginning after December 31, 2020, for tax
2option corporations, “Internal Revenue Code" means the federal Internal Revenue
3Code as amended to December 31, 2020, except as provided in subds. 2., 3., and 5. and
4s. 71.98 and subject to subd. 4.
SB2-SA3,19,45 2. For purposes of this paragraph, “Internal Revenue Code" does not include
6the following provisions of federal public laws for taxable years beginning after
7December 31, 2020: section 13113 of P.L. 103-66; sections 1, 3, 4, and 5 of P.L.
8106-519; sections 101, 102, and 422 of P.L. 108-357; sections 1310 and 1351 of P.L.
9109-58; section 11146 of P.L. 109-59; section 403 (q) of P.L. 109-135; section 513 of
10P.L. 109-222; sections 104 and 307 of P.L. 109-432; sections 8233 and 8235 of P.L.
11110-28; section 11 (e) and (g) of P.L. 110-172; section 301 of P.L. 110-245; section
1215351 of P.L. 110-246; section 302 of division A, section 401 of division B, and sections
13312, 322, 502 (c), 707, and 801 of division C of P.L. 110-343; sections 1232, 1241, 1251,
141501, and 1502 of division B of P.L. 111-5; sections 211, 212, 213, 214, and 216 of P.L.
15111-226; sections 2011 and 2122 of P.L. 111-240; sections 753, 754, and 760 of P.L.
16111-312; section 1106 of P.L. 112-95; sections 104, 318, 322, 323, 324, 326, 327, and
17411 of P.L. 112-240; P.L. 114-7; section 1101 of P.L. 114-74; section 305 of division
18P of P.L. 114-113; sections 123, 125 to 128, 143, 144, 151 to 153, 165 to 167, 169 to
19171, 189, 191, 307, 326, and 411 of division Q of P.L. 114-113; sections 11011, 11012,
2013201 (a) to (e) and (g), 13206, 13221, 13301, 13304 (a), (b), and (d), 13531, 13601,
2113801, 14101, 14102, 14103, 14201, 14202, 14211, 14212, 14213, 14214, 14215,
2214221, 14222, 14301, 14302, 14304, and 14401 of P.L. 115-97; sections 40304, 40305,
2340306, and 40412 of P.L. 115-123; section 101 (c) of division T of P.L. 115-141;
24sections 101 (d) and (e), 102, 201 to 207, 301, 302, and 401 (a) (47) and (195), (b) (13),
25(17), (22) and (30), and (d) (1) (D) (v), (vi), and (xiii) and (xvii) (II) of division U of P.L.

1115-141; sections 104, 114, 115, 116, 130, and 145 of division Q of P.L. 116-94;
2sections 2304 and 2306 of P.L. 116-136; and sections 111, 114, 115, 116, 118 (a) and
3(d), 133, 137, 138, 210, and 211 of division EE and sections 276 and 278 of division
4N of P.L. 116-260.
SB2-SA3,19,65 3. For purposes of this paragraph, “Internal Revenue Code" does not include
6amendments to the federal Internal Revenue Code enacted after December 31, 2020.
SB2-SA3,19,177 4. For purposes of this paragraph, the provisions of federal public laws that
8directly or indirectly affect the Internal Revenue Code, as defined in this paragraph,
9apply for Wisconsin purposes at the same time as for federal purposes, except that
10changes made by sections 20101, 20102, 20104, 20201, 40201, 40202, 40203, 40308,
1140309, 40311, 40414, 41101, 41107, 41114, 41115, and 41116 of P.L. 115-123; section
12101 (a), (b), and (h) of division U of P.L. 115-141; section 1203 of P.L. 116-25; section
131122 of P.L. 116-92; section 301 of division O, section 1302 of division P, and sections
14101, 102, 103, 117, 118, 132, 201, 202 (a), (b), and (c), 204 (a), (b), and (c), 301, and
15302 of division Q of P.L. 116-94; section 2 of P.L. 116-98; and sections 301, 302, and
16304 of division EE of P.L. 116-260 apply for taxable years beginning after December
1731, 2020.
SB2-SA3,19,21185. For purposes of this paragraph, section 1366 (f) of the Internal Revenue Code
19(relating to pass-through of items to shareholders) is modified by substituting the
20tax under s. 71.35 for the taxes under sections 1374 and 1375 of the Internal Revenue
21Code.
SB2-SA3,71m 22Section 71m. 71.34 (1u) of the statutes is created to read:
SB2-SA3,19,2423 71.34 (1u) For purposes of s. 71.34 (1g) (b), 2013 stats., “Internal Revenue
24Code" includes section 109 of division U of P.L. 115-141.
SB2-SA3,72m
1Section 72m. 71.42 (2) (c), (d), (e), (f), (g), (h) and (i) of the statutes are
2repealed.
SB2-SA3,73m 3Section 73m. 71.42 (2) (j) 3. m. of the statutes is created to read:
SB2-SA3,20,54 71.42 (2) (j) 3. m. Sections 101 (m), (n), (o), (p), and (q), 104 (a), and 109 of
5division U of P.L. 115-141.
SB2-SA3,74m 6Section 74m. 71.42 (2) (j) 3. n. of the statutes is created to read:
SB2-SA3,20,87 71.42 (2) (j) 3. n. Section 102 of division M and sections 110, 111, and 116 (b)
8of division O of P.L. 116-94.
SB2-SA3,75m 9Section 75m. 71.42 (2) (k) 3. of the statutes is amended to read:
SB2-SA3,20,1510 71.42 (2) (k) 3. For purposes of this paragraph, “Internal Revenue Code" does
11not include amendments to the federal Internal Revenue Code enacted after
12December 31, 2016, except that “Internal Revenue Code” includes sections 11024,
1311025, and 13543 of P.L. 115-97; sections 40307 and 40413 of P.L. 115-123; sections
14101 (m), (n), (o), (p), and (q), 104 (a), and 109 of division U of P.L. 115-141; and section
15102 of division M and sections 110, 111, and 116 (b) of division O of P.L. 116-94
.
SB2-SA3,76m 16Section 76m. 71.42 (2) (L) 1. of the statutes is amended to read:
SB2-SA3,20,2017 71.42 (2) (L) 1. For taxable years beginning after December 31, 2017, and
18before January 1, 2021,
“Internal Revenue Code" means the federal Internal
19Revenue Code as amended to December 31, 2017, except as provided in subds. 2. to
204. and s. 71.98 and subject to subd. 5.
SB2-SA3,77m 21Section 77m. 71.42 (2) (L) 3. of the statutes is amended to read:
SB2-SA3,21,722 71.42 (2) (L) 3. For purposes of this paragraph, “Internal Revenue Code" does
23not include amendments to the federal Internal Revenue Code enacted after
24December 31, 2017, except that “Internal Revenue Code” includes sections 40307,
2540413, and 41113 of P.L. 115-123; sections 101 (m), (n), (o), (p), and (q), 104 (a), 109,

1401 (a) (54) and (b) (15) (A), (B), and (C), 19, 20, 23, 26, 27, and 28 of division U of P.L.
2115-141; sections 102 and 104 of division M, sections 102, 103, 106, 107, 108, 109,
3110, 111, 113, 114, 115, 116, 201, 204, 205, 206, 302, 401, and 601 of division O, section
41302 of division P, and sections 131, 202 (d), and 205 of division Q of P.L. 116-94;

5sections 1106, 2202, 2203, 2204, 2205, 2206, 2307, 3608, 3609, 3701, and 3702 of
6division A of P.L. 116-136; and sections 202, 208, 209, and 214 of division EE and
7sections 277, 280, and 285 of division N of P.L. 116-260
.
SB2-SA3,78m 8Section 78m. 71.42 (2) (L) 5. of the statutes is amended to read:
SB2-SA3,21,149 71.42 (2) (L) 5. For purposes of this paragraph, the provisions of federal public
10laws that directly or indirectly affect the Internal Revenue Code, as defined in this
11paragraph, apply for Wisconsin purposes at the same time as for federal purposes,
12except that changes made by P.L. 115-63 and sections 11026, 11027, 11028, 13207,
1313306, 13307, 13308, 13311, 13312, 13501, 13705, 13821, and 13823 of P.L. 115-97
14first apply for taxable years beginning after December 31, 2017
.
SB2-SA3,79m 15Section 79m. 71.42 (2) (m) of the statutes is created to read:
SB2-SA3,21,1816 71.42 (2) (m) 1. For taxable years beginning after December 31, 2020, “Internal
17Revenue Code" means the federal Internal Revenue Code as amended to December
1831, 2020, except as provided in subds. 2. and 3. and s. 71.98 and subject to subd. 4.
SB2-SA3,22,1819 2. For purposes of this paragraph, “Internal Revenue Code" does not include
20the following provisions of federal public laws for taxable years beginning after
21December 31, 2020: section 13113 of P.L. 103-66; sections 1, 3, 4, and 5 of P.L.
22106-519; sections 101, 102, and 422 of P.L. 108-357; sections 1310 and 1351 of P.L.
23109-58; section 11146 of P.L. 109-59; section 403 (q) of P.L. 109-135; section 513 of
24P.L. 109-222; sections 104 and 307 of P.L. 109-432; sections 8233 and 8235 of P.L.
25110-28; section 11 (e) and (g) of P.L. 110-172; section 301 of P.L. 110-245; section

115351 of P.L. 110-246; section 302 of division A, section 401 of division B, and sections
2312, 322, 502 (c), 707, and 801 of division C of P.L. 110-343; sections 1232, 1241, 1251,
31501, and 1502 of division B of P.L. 111-5; sections 211, 212, 213, 214, and 216 of P.L.
4111-226; sections 2011 and 2122 of P.L. 111-240; sections 753, 754, and 760 of P.L.
5111-312; section 1106 of P.L. 112-95; sections 104, 318, 322, 323, 324, 326, 327, and
6411 of P.L. 112-240; P.L. 114-7; section 1101 of P.L. 114-74; section 305 of division
7P of P.L. 114-113; sections 123, 125 to 128, 143, 144, 151 to 153, 165 to 167, 169 to
8171, 189, 191, 307, 326, and 411 of division Q of P.L. 114-113; sections 11011, 11012,
913201 (a) to (e) and (g), 13206, 13221, 13301, 13304 (a), (b), and (d), 13531, 13601,
1013801, 14101, 14102, 14103, 14201, 14202, 14211, 14212, 14213, 14214, 14215,
1114221, 14222, 14301, 14302, 14304, and 14401 of P.L. 115-97; sections 40304, 40305,
1240306, and 40412 of P.L. 115-123; section 101 (c) of division T of P.L. 115-141;
13sections 101 (d) and (e), 102, 201 to 207, 301, 302, and 401 (a) (47) and (195), (b) (13),
14(17), (22) and (30), and (d) (1) (D) (v), (vi), and (xiii) and (xvii) (II) of division U of P.L.
15115-141; sections 104, 114, 115, 116, 130, and 145 of division Q of P.L. 116-94;
16sections 2304 and 2306 of P.L.116-136; and sections 111, 114, 115, 116, 118 (a) and
17(d), 133, 137, 138, 210, and 211 of division EE and sections 276 and 278 of division
18N of P.L. 116-260.
SB2-SA3,22,2019 3. For purposes of this paragraph, “Internal Revenue Code" does not include
20amendments to the federal Internal Revenue Code enacted after December 31, 2020.
SB2-SA3,23,621 4. For purposes of this paragraph, the provisions of federal public laws that
22directly or indirectly affect the Internal Revenue Code, as defined in this paragraph,
23apply for Wisconsin purposes at the same time as for federal purposes, except that
24changes made by sections 20101, 20102, 20104, 20201, 40201, 40202, 40203, 40308,
2540309, 40311, 40414, 41101, 41107, 41114, 41115, and 41116 of P.L. 115-123; section

1101 (a), (b), and (h) of division U of P.L. 115-141; section 1203 of 116-25; section 1122
2of P.L. 116-92; section 301 of division O, section 1302 of division P, and sections 101,
3102, 103, 117, 118, 132, 201, 202 (a), (b), and (c), 204 (a), (b), and (c), 301, and 302 of
4division Q of P.L. 116-94; section 2 of P.L. 116-98; and sections 301, 302, and 304 of
5division EE of P.L. 116-260 apply for taxable years beginning after December 31,
62020.
SB2-SA3,80m 7Section 80m. 71.42 (2p) of the statutes is created to read:
SB2-SA3,23,98 71.42 (2p) For purposes of s. 71.42 (2) (b), 2013 stats., “Internal Revenue Code"
9includes section 109 of division U of P.L. 115-141.”.
SB2-SA3,23,1010 (End)
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