SB316-SA1,2,88
71.45
(2) (a) 13. By adding or subtracting, as appropriate, the difference
9between the depreciation deduction under the federal internal revenue code as
10amended to December 31, 1996,
for property placed in service before August 6, 1997,
11or as amended to August 5, 1997, for property placed in service on August 6, 1997,
12or thereafter and the depreciation deduction under the federal internal revenue code
13in effect for the taxable year for which the return is filed, so as to reflect the fact that
1the insurer may choose between these 2 deductions, except that property first placed
2in service by the taxpayer on or after January 1, 1983, but before January 1, 1987,
3that, under s. 71.04 (15) (b) and (br), 1985 stats., is required to be depreciated under
4the internal revenue code as amended to December 31, 1980, and property first
5placed in service in taxable year 1981 or thereafter but before January 1,
1987, that,
6under s. 71.04 (15) (bm), 1985 stats., is required to be depreciated under the internal
7revenue code as amended to December 31, 1980, shall continue to be depreciated
8under the internal revenue code as amended to December 31, 1980.".
