AB133-ASA1,914,424
71.28
(4) (i)
Nonclaimants. The credits under this subsection may not be
25claimed by a partnership, except a publicly traded partnership treated as a
1corporation under s. 71.22
(1) (1g), limited liability company, except a limited liability
2company treated as a corporation under s. 71.22
(1)
(1g), or tax-option corporation
3or by partners, including partners of a publicly traded partnership, members of a
4limited liability company or shareholders of a tax-option corporation.
AB133-ASA1,914,66
71.30
(3) (eon) Sustainable urban development zone credit under s. 71.28 (1dy).
AB133-ASA1,914,88
71.30
(10) Endangered resources. (a)
Definitions. In this subsection:
AB133-ASA1,914,99
1. "Conservation fund" means the fund under s. 25.29.
AB133-ASA1,914,1710
2. "Endangered resources program" means purchasing or improving land or
11habitats for any native Wisconsin endangered or threatened species, as defined in
12s. 29.604 (2) (a) or (b), or for any nongame species, as defined in s. 29.001 (60);
13conducting the natural heritage inventory program under s. 23.27 (3); conducting
14wildlife and resource research and surveys; providing wildlife management services;
15providing for wildlife damage control or the payment of claims for damage associated
16with endangered or threatened species; and the payment of administrative expenses
17related to the administration of this subsection.
AB133-ASA1,914,2118
(b)
Voluntary payments. 1. `Designation on return.' A corporation filing an
19income or franchise tax return may designate on the return any amount of additional
20payment or any amount of a refund that is due the corporation for the endangered
21resources program.
AB133-ASA1,914,2422
2. `Designation added to tax owed.' If the corporation owes any tax, the
23corporation shall remit in full the tax due and the amount designated on the return
24for the endangered resources program when the corporation files a tax return.
AB133-ASA1,915,4
13. `Designation deducted from refund.' Except as provided under par. (d), and
2subject to ss. 71.75 (9) and 71.80 (3), if the corporation is owed a refund, the
3department shall deduct the amount designated on the return for the endangered
4resources program from the amount of the refund.
AB133-ASA1,915,105
(c)
Errors; failure to remit correct amount. 1. `Reduced designation.' If a
6corporation remits an amount that exceeds the tax due, after error corrections, but
7that is less than the total of the tax due, after error corrections, and the amount that
8is designated by the corporation on the return for the endangered resources program,
9the department shall reduce the designation for the endangered resources program
10to reflect the amount remitted that exceeds the tax due, after error corrections.
AB133-ASA1,915,1311
2. `Void designation.' The designation for the endangered resources program
12is void if the corporation remits an amount equal to or less than the tax due, after
13error corrections.
AB133-ASA1,915,1814
(d)
Errors; insufficient refund. If a corporation is owed a refund that is less than
15the amount designated on the return for the endangered resources program, after
16attachment and crediting under ss. 71.75 (9) and 71.80 (3) and after error corrections,
17the department shall reduce the designation for the endangered resources program
18to reflect the actual amount of the refund the corporation is otherwise owed.
AB133-ASA1,915,2019
(e)
Conditions. If a corporation places any conditions on a designation for the
20endangered resources program, the designation is void.
AB133-ASA1,915,2321
(f)
Void designation. If a designation for the endangered resources program is
22void, the department shall disregard the designation and determine the amounts
23due, owed, refunded and received.
AB133-ASA1,916,224
(g)
Tax return. The secretary of revenue shall provide a place for the
25designations under this subsection on the corporate income and franchise tax
1returns and the secretary shall highlight that place on the returns by a symbol
2chosen by the department that relates to endangered resources.
AB133-ASA1,916,53
(h)
Certification of amounts. Annually, on or before September 15, the
4secretary of revenue shall certify to the department of natural resources, the
5department of administration and the state treasurer:
AB133-ASA1,916,86
1. The total amount of the administrative costs, including data processing
7costs, incurred by the department of revenue in administering this subsection during
8the previous fiscal year.
AB133-ASA1,916,109
2. The total amount received from all designations for the endangered
10resources program made by corporations during the previous fiscal year.
AB133-ASA1,916,1211
3. The net amount remaining after the administrative costs under subd. 1. are
12subtracted from the total received under subd. 2.
AB133-ASA1,916,1813
(i)
Appropriations. From the moneys received from designations for the
14endangered resources program, an amount equal to the sum of administrative
15expenses certified under par. (h) 1. shall be deposited into the general fund and
16credited to the appropriation under s. 20.566 (1) (hp), and the net amount remaining
17certified under par. (h) 3. shall be deposited into the conservation fund and credited
18to the appropriation under s. 20.370 (1) (fs).
AB133-ASA1,917,219
(j)
Refunds. An amount designated for the endangered resources program
20under this subsection is not subject to refund to a corporation that designates a
21donation under par. (b) unless the corporation submits information to the
22satisfaction of the department within 18 months from the date that taxes are due
23from the corporation or from the date that the corporation filed the return, whichever
24is later, that the amount designated is clearly in error. A refund granted by the
1department under this paragraph shall be deducted from the moneys received under
2this subsection in the fiscal year that the refund is certified under 71.75 (7).
AB133-ASA1,917,64
71.34
(1) (g) An addition shall be made for credits computed by a tax-option
5corporation under s. 71.28 (1dd), (1de), (1di), (1dj), (1dL), (1ds), (1dx)
, (1dy) and (3)
6and passed through to shareholders.
AB133-ASA1,918,79
71.34
(1g) (f) "Internal
revenue code Revenue Code" for tax-option
10corporations, for taxable years that begin after December 31, 1990, and before
11January 1, 1992, means the federal
internal revenue code Internal Revenue Code as
12amended to December 31, 1990, and as amended by P.L.
102-227, P.L.
102-486, P.L.
13103-66, P.L.
104-188, excluding section 1311 of P.L.
104-188,
and P.L.
105-34, P.L.
14105-206 and P.L. 105-277, and as indirectly affected in the provisions applicable to
15this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647 excluding sections 803
16(d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2) and 823 (c) (2) of P.L.
99-514 and section
171008 (g) (5) of P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239,
18P.L.
101-508, P.L.
102-227, P.L.
102-486, P.L.
103-66, P.L.
104-188, excluding
19section 1311 of P.L.
104-188,
and P.L.
105-34, P.L. 105-206 and P.L. 105-277, except
20that section 1366 (f) (relating to pass-through of items to shareholders) is modified
21by substituting the tax under s. 71.35 for the taxes under sections 1374 and 1375.
22The
internal revenue code Internal Revenue Code applies for Wisconsin purposes at
23the same time as for federal purposes. Amendments to the federal
internal revenue
24code Internal Revenue Code enacted after December 31,
1990, do not apply to this
25paragraph with respect to taxable years beginning after December 31, 1990, and
1before January 1, 1992, except that changes to the
internal revenue code Internal
2Revenue Code made by P.L.
102-227, P.L.
102-486, P.L.
103-66, P.L.
104-188,
3excluding section 1311 of P.L.
104-188,
and P.L.
105-34, P.L. 105-206 and P.L.
4105-277 and changes that indirectly affect provisions applicable to this subchapter
5made by P.L.
102-227, P.L.
102-486, P.L.
103-66, P.L.
104-188, excluding section
61311 of P.L.
104-188,
and P.L.
105-34, P.L. 105-206 and P.L. 105-277, apply for
7Wisconsin purposes at the same time as for federal purposes.
AB133-ASA1,919,119
71.34
(1g) (g) "Internal
revenue code Revenue Code" for tax-option
10corporations, for taxable years that begin after December 31, 1991, and before
11January 1, 1993, means the federal
internal revenue code Internal Revenue Code as
12amended to December 31, 1991, excluding sections 103, 104 and 110 of P.L.
102-227,
13and as amended by P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
1413101 (a) and (c) 1, 13171 and 13174 of P.L.
103-66, P.L.
104-188, excluding section
151311 of P.L.
104-188,
and P.L.
105-34, P.L. 105-206 and P.L. 105-277, and as
16indirectly affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
17100-203, P.L.
100-647 excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821
18(b) (2) and 823 (c) (2) of P.L.
99-514 and section 1008 (g) (5) of P.L.
100-647, P.L.
19101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
20excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
21103-66, excluding sections 13101 (a) and (c) 1, 13171 and 13174 of P.L.
103-66, P.L.
22104-188, excluding section 1311 of P.L.
104-188,
and P.L.
105-34, P.L. 105-206 and
23P.L. 105-277, except that section 1366 (f) (relating to pass-through of items to
24shareholders) is modified by substituting the tax under s. 71.35 for the taxes under
25sections 1374 and 1375. The
internal revenue code
Internal Revenue Code applies
1for Wisconsin purposes at the same time as for federal purposes. Amendments to the
2federal
internal revenue code Internal Revenue Code enacted after
3December 31, 1991, do not apply to this paragraph with respect to taxable years
4beginning after December 31, 1991, and before January 1, 1993, except that
5changes to the
internal revenue code Internal Revenue Code made by P.L.
102-318,
6P.L.
102-486, P.L.
103-66, P.L.
104-188, excluding section 1311 of P.L.
104-188,
and 7P.L.
105-34, P.L. 105-206 and P.L. 105-277 and changes that indirectly affect the
8provisions applicable to this subchapter made by P.L.
102-318, P.L.
102-486, P.L.
9103-66, P.L.
104-188, excluding section 1311 of P.L.
104-188,
and P.L.
105-34, P.L.
10105-206 and P.L. 105-277, apply for Wisconsin purposes at the same time as for
11federal purposes.
AB133-ASA1,920,1413
71.34
(1g) (h) "Internal
revenue code Revenue Code" for tax-option
14corporations, for taxable years that begin after December 31, 1992, and before
15January 1, 1994, means the federal
internal revenue code Internal Revenue Code as
16amended to December 31, 1992, excluding sections 103, 104 and 110 of P.L.
102-227,
17and as amended by P.L.
103-66, excluding sections 13101 (a) and (c) 1, 13113, 13150,
1813171, 13174 and 13203 of P.L.
103-66, P.L.
103-465, P.L.
104-188, excluding section
191311 of P.L.
104-188,
and P.L.
105-34, P.L. 105-206 and P.L. 105-277, and as
20indirectly affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
21100-203, P.L.
100-647 excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821
22(b) (2) and 823 (c) (2) of P.L.
99-514 and section 1008 (g) (5) of P.L.
100-647, P.L.
23101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
24excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
25103-66, excluding sections 13101 (a) and (c) 1, 13113, 13150, 13171, 13174 and 13203
1of P.L.
103-66, P.L.
103-465, P.L.
104-188, excluding section 1311 of P.L.
104-188,
2and P.L.
105-34, P.L. 105-206 and P.L. 105-277, except that section 1366 (f) (relating
3to pass-through of items to shareholders) is modified by substituting the tax under
4s. 71.35 for the taxes under sections 1374 and 1375. The
internal revenue code 5Internal Revenue Code applies for Wisconsin purposes at the same time as for federal
6purposes. Amendments to the federal
internal revenue code Internal Revenue Code 7enacted after December 31, 1992, do not apply to this paragraph with respect to
8taxable years beginning after December 31, 1992, and before January 1, 1994,
9except that changes to the
internal revenue code
Internal Revenue Code made by P.L.
10103-66, P.L.
103-465, P.L.
104-188, excluding section 1311 of P.L.
104-188,
and P.L.
11105-34, P.L. 105-206 and P.L. 105-277 and changes that indirectly affect the
12provisions applicable to this subchapter made by P.L.
103-66, P.L.
103-465, P.L.
13104-188, excluding section 1311 of P.L.
104-188,
and P.L.
105-34, P.L. 105-206 and
14P.L. 105-277, apply for Wisconsin purposes at the same time as for federal purposes.
AB133-ASA1,921,2216
71.34
(1g) (i) "Internal
revenue code Revenue Code" for tax-option
17corporations, for taxable years that begin after December 31, 1993, and before
18January 1, 1995, means the federal
internal revenue code Internal Revenue Code as
19amended to December 31, 1993, excluding sections 103, 104 and 110 of P.L.
102-227 20and sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d) and 13215 of P.L.
103-66,
21and as amended by P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, excluding
22section 1 of P.L.
104-7, P.L.
104-188, excluding section 1311 of P.L.
104-188, P.L.
23104-191, P.L.
104-193 and, P.L.
105-34, P.L. 105-206 and P.L. 105-277, and as
24indirectly affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
25100-203, P.L.
100-647 excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821
1(b) (2) and 823 (c) (2) of P.L.
99-514 and section 1008 (g) (5) of P.L.
100-647, P.L.
2101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
3excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
4103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d) and 13215
5of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, excluding
6section 1 of P.L.
104-7, P.L.
104-188, excluding section 1311 of P.L.
104-188, P.L.
7104-191, P.L.
104-193 and, P.L.
105-34, P.L. 105-206 and P.L. 105-277, except that
8section 1366 (f) (relating to pass-through of items to shareholders) is modified by
9substituting the tax under s. 71.35 for the taxes under sections 1374 and 1375. The
10internal revenue code Internal Revenue Code applies for Wisconsin purposes at the
11same time as for federal purposes. Amendments to the federal
internal revenue code 12Internal Revenue Code enacted after December 31, 1993, do not apply to this
13paragraph with respect to taxable years beginning after December 31, 1993, and
14before January 1, 1995, except that changes to the
internal revenue code Internal
15Revenue Code made by P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7,
16excluding section 1 of P.L.
104-7, P.L.
104-188, excluding section 1311 of P.L.
17104-188, P.L.
104-191, P.L.
104-193 and, P.L.
105-34, P.L. 105-206 and P.L.
18105-277 and changes that indirectly affect the provisions applicable to this
19subchapter made by P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, excluding
20section 1 of P.L.
104-7, P.L.
104-188, excluding section 1311 of P.L.
104-188, P.L.
21104-191, P.L.
104-193 and, P.L.
105-34, P.L. 105-206 and P.L. 105-277, apply for
22Wisconsin purposes at the same time as for federal purposes.
AB133-ASA1,923,324
71.34
(1g) (j) "Internal
revenue code Revenue Code" for tax-option
25corporations, for taxable years that begin after December 31, 1994, and before
1January 1, 1996, means the federal
internal revenue code Internal Revenue Code as
2amended to December 31, 1994, excluding sections 103, 104 and 110 of P.L.
102-227 3and sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, and as
4amended by P.L.
104-7, P.L.
104-188, excluding sections 1202, 1204, 1311 and 1605
5of P.L.
104-188, P.L.
104-191, P.L.
104-193 and, P.L.
105-34, P.L. 105-206 and P.L.
6105-277, and as indirectly affected in the provisions applicable to this subchapter
7by P.L.
99-514, P.L.
100-203, P.L.
100-647 excluding sections 803 (d) (2) (B), 805 (d)
8(2), 812 (c) (2), 821 (b) (2) and 823 (c) (2) of P.L.
99-514 and section 1008 (g) (5) of P.L.
9100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
10102-227, excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
11102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174 and
1213203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
13104-188, excluding sections 1202, 1204, 1311 and 1605 of P.L.
104-188, P.L.
14104-191, P.L.
104-193 and, P.L.
105-34, P.L. 105-206 and P.L. 105-277, except that
15section 1366 (f) (relating to pass-through of items to shareholders) is modified by
16substituting the tax under s. 71.35 for the taxes under sections 1374 and 1375. The
17internal revenue code Internal Revenue Code applies for Wisconsin purposes at the
18same time as for federal purposes. Amendments to the federal
internal revenue code 19Internal Revenue Code enacted after December 31, 1994, do not apply to this
20paragraph with respect to taxable years beginning after December 31, 1994, and
21before January 1, 1996, except changes to the
internal revenue code Internal
22Revenue Code made by P.L.
104-7, P.L.
104-188, excluding sections 1202, 1204, 1311
23and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193 and
, P.L.
105-34, P.L. 105-206
24and P.L. 105-277 and changes that indirectly affect the provisions applicable to this
25subchapter made by P.L.
104-7, P.L.
104-188, excluding sections 1202, 1204, 1311
1and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193 and, P.L.
105-34, P.L. 105-206
2and P.L. 105-277, apply for Wisconsin purposes at the same time as for federal
3purposes.
AB133-ASA1,924,95
71.34
(1g) (k) "Internal
revenue code Revenue Code" for tax-option
6corporations, for taxable years that begin after December 31, 1995, and before
7January 1, 1997, means the federal
internal revenue code Internal Revenue Code as
8amended to December 31, 1995, excluding sections 103, 104 and 110 of P.L.
102-227 9and sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, and as
10amended by P.L.
104-188, excluding sections 1123, 1202, 1204, 1311 and 1605 of P.L.
11104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33 and, P.L.
105-34,
P.L. 105-206 and
12P.L. 105-277, and as indirectly affected in the provisions applicable to this
13subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647 excluding sections 803 (d) (2)
14(B), 805 (d) (2), 812 (c) (2), 821 (b) (2) and 823 (c) (2) of P.L.
99-514 and section 1008
15(g) (5) of P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
16101-508, P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
17102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
1813174 and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
19104-7, P.L.
104-188, excluding sections 1123, 1202, 1204, 1311 and 1605 of P.L.
20104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33 and, P.L.
105-34,
P.L. 105-206 and
21P.L. 105-277, except that section 1366 (f) (relating to pass-through of items to
22shareholders) is modified by substituting the tax under s. 71.35 for the taxes under
23sections 1374 and 1375. The
internal revenue code
Internal Revenue Code applies
24for Wisconsin purposes at the same time as for federal purposes. Amendments to the
25federal
internal revenue code Internal Revenue Code enacted after
1December 31, 1995, do not apply to this paragraph with respect to taxable years
2beginning after December 31, 1995, and before January 1, 1997, except that
3changes to the Internal Revenue Code made by P.L.
104-188, excluding sections
41123, 1202, 1204, 1311 and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
5105-33 and, P.L.
105-34,
P.L. 105-206 and P.L. 105-277 and changes that indirectly
6affect the provisions applicable to this subchapter made by P.L.
104-188, excluding
7sections 1123, 1202, 1204, 1311 and 1605 of P.L.
104-188, P.L.
104-191
, P.L.
104-193,
8P.L.
105-33 and, P.L.
105-34, P.L. 105-206 and P.L. 105-277 apply for Wisconsin
9purposes at the same time as for federal purposes.
AB133-ASA1,925,1111
71.34
(1g) (L) "Internal Revenue Code" for tax-option corporations, for taxable
12years that begin after December 31, 1996, and before January 1, 1998, means the
13federal Internal Revenue Code as amended to December 31, 1996, excluding
14sections 103, 104 and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
15and 13203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605
16(d) of P.L.
104-188, and as amended by P.L.
105-33 and
, P.L.
105-34, P.L. 105-206
17and P.L. 105-277, and as indirectly affected in the provisions applicable to this
18subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647 excluding sections 803 (d) (2)
19(B), 805 (d) (2), 812 (c) (2), 821 (b) (2) and 823 (c) (2) of P.L.
99-514 and section 1008
20(g) (5) of P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
21101-508, P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
22102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
2313174 and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
24104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d)
25of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33 and, P.L.
105-34,
P.L.
1105-206 and P.L. 105-277, except that section 1366 (f) (relating to pass-through of
2items to shareholders) is modified by substituting the tax under s. 71.35 for the taxes
3under sections 1374 and 1375. The Internal Revenue Code applies for Wisconsin
4purposes at the same time as for federal purposes. Amendments to the federal
5Internal Revenue Code enacted after December 31, 1996, do not apply to this
6paragraph with respect to taxable years beginning after December 31, 1996, and
7before January 1, 1998, except that changes to the Internal Revenue Code made by
8P.L.
105-33 and, P.L.
105-34, P.L. 105-206 and P.L. 105-277 and changes that
9indirectly affect the provisions applicable to this subchapter made by P.L.
105-33 10and, P.L.
105-34, P.L. 105-206 and P.L. 105-277, apply for Wisconsin purposes at the
11same time as for federal purposes.
AB133-ASA1,926,1213
71.34
(1g) (m) "Internal Revenue Code" for tax-option corporations, for taxable
14years that begin after December 31, 1997,
and before January 1, 1999, means the
15federal Internal Revenue Code as amended to December 31, 1997, excluding sections
16103, 104 and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174 and
1713203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d)
18of P.L.
104-188,
and as amended by P.L. 105-178, P.L. 105-206 and P.L. 105-277, 19and as indirectly affected in the provisions applicable to this subchapter by P.L.
2099-514, P.L.
100-203, P.L.
100-647 excluding sections 803 (d) (2) (B), 805 (d) (2), 812
21(c) (2), 821 (b) (2) and 823 (c) (2) of P.L.
99-514 and section 1008 (g) (5) of P.L.
100-647,
22P.L.
101-73, 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 and, P.L.
105-34,
P.L. 105-178, P.L. 105-206 and
3P.L. 105-277, except that section 1366 (f) (relating to pass-through of items to
4shareholders) is modified by substituting the tax under s. 71.35 for the taxes under
5sections 1374 and 1375. The Internal Revenue Code applies for Wisconsin purposes
6at the same time as for federal purposes. Amendments to the federal Internal
7Revenue Code enacted after December 31, 1997, do not apply to this paragraph with
8respect to taxable years beginning after December 31, 1997
, and before January 1,
91999, except that changes to the Internal Revenue Code made by P.L. 105-178, P.L.
10105-206 and P.L. 105-277 and changes that indirectly affect the provisions
11applicable to this subchapter made by P.L. 105-178, P.L. 105-206 and P.L. 105-277
12apply for Wisconsin purposes at the same time as for federal purposes.
AB133-ASA1,927,814
71.34
(1g) (n) "Internal Revenue Code" for tax-option corporations, for taxable
15years that begin after December 31, 1998, means the federal Internal Revenue Code
16as amended to December 31, 1998, excluding sections 103, 104 and 110 of P.L.
17102-227, sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66 and
18sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L.
104-188, and as
19indirectly affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
20100-203, P.L.
100-647 excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821
21(b) (2) and 823 (c) (2) of P.L.
99-514 and section 1008 (g) (5) of 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 and P.L.
3105-277, except that section 1366 (f) (relating to pass-through of items to
4shareholders) is modified by substituting the tax under s. 71.35 for the taxes under
5sections 1374 and 1375. The Internal Revenue Code applies for Wisconsin purposes
6at the same time as for federal purposes. Amendments to the federal Internal
7Revenue Code enacted after December 31, 1998, do not apply to this paragraph with
8respect to taxable years beginning after December 31, 1998.
AB133-ASA1,928,1210
71.365
(1m) Tax-option corporations; depreciation. A tax-option corporation
11may compute amortization and depreciation under either the federal
internal
12revenue code Internal Revenue Code as amended to December 31,
1997 1998, or the
13federal
internal revenue code Internal Revenue Code in effect for the taxable year
14for which the return is filed, except that property first placed in service by the
15taxpayer on or after January 1, 1983, but before January 1, 1987, that, under s.
1671.04 (15) (b) and (br), 1985 stats., is required to be depreciated under the
internal
17revenue code Internal Revenue Code as amended to December 31, 1980, and
18property first placed in service in taxable year 1981 or thereafter but before
19January 1, 1987, that, under s. 71.04 (15) (bm), 1985 stats., is required to be
20depreciated under the
internal revenue code Internal Revenue Code as amended to
21December 31, 1980, shall continue to be depreciated under the
internal revenue code 22Internal Revenue Code as amended to December 31, 1980. Any difference between
23the adjusted basis for federal income tax purposes and the adjusted basis under this
24chapter shall be taken into account in determining net income or loss in the year or
25years for which the gain or loss is reportable under this chapter. If that property was
1placed in service by the taxpayer during taxable year 1986 and thereafter but before
2the property is used in the production of income subject to taxation under this
3chapter, the property's adjusted basis and the depreciation or other deduction
4schedule are not required to be changed from the amount allowable on the owner's
5federal income tax returns for any year because the property is used in the
6production of income subject to taxation under this chapter. If that property was
7acquired in a transaction in taxable year 1986 or thereafter in which the adjusted
8basis of the property in the hands of the transferee is the same as the adjusted basis
9of the property in the hands of the transferor, the Wisconsin adjusted basis of that
10property on the date of transfer is the adjusted basis allowable under the
internal
11revenue code Internal Revenue Code as defined for Wisconsin purposes for the
12property in the hands of the transferor.
AB133-ASA1,929,1115
71.42
(2) (e) For taxable years that begin after December 31, 1990, and before
16January 1, 1992, "
internal revenue code
Internal Revenue Code " means the federal
17internal revenue code Internal Revenue Code as amended to December 31, 1990,
18and as amended by P.L.
102-227, P.L.
102-486, P.L.
103-66, P.L.
104-188, excluding
19section 1311 of P.L.
104-188,
and P.L.
105-34, P.L. 105-206 and P.L. 105-277, and
20as indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
21101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, P.L.
102-486, P.L.
22103-66, P.L.
104-188, excluding section 1311 of P.L.
104-188,
and P.L.
105-34, P.L.
23105-206 and P.L. 105-277, except that "
internal revenue code Internal Revenue
24Code" does not include section 847 of the federal
internal revenue code Internal
25Revenue Code. The
internal revenue code Internal Revenue Code applies for
1Wisconsin purposes at the same time as for federal purposes. Amendments to the
2federal
internal revenue code Internal Revenue Code enacted after
3December 31, 1990, do not apply to this paragraph with respect to taxable years
4beginning after December 31, 1990, and before January 1, 1992, except that
5changes to the
internal revenue code Internal Revenue Code made by P.L.
102-227,
6P.L.
102-486, P.L.
103-66, P.L.
104-188, excluding section 1311 of P.L.
104-188,
and 7P.L.
105-34, P.L. 105-206 and P.L. 105-277 and changes that indirectly affect the
8federal
internal revenue code Internal Revenue Code made by P.L.
102-227, P.L.
9102-486, P.L.
103-66, P.L.
104-188, excluding section 1311 of P.L.
104-188,
and P.L.
10105-34, P.L. 105-206 and P.L. 105-277, apply for Wisconsin purposes at the same
11time as for federal purposes.
AB133-ASA1,930,1113
71.42
(2) (f) For taxable years that begin after December 31, 1991, and before
14January 1, 1993, "
internal revenue code
Internal Revenue Code " means the federal
15internal revenue code Internal Revenue Code as amended to December 31, 1991,
16excluding sections 103, 104 and 110 of P.L.
102-227, and as amended by P.L.
17102-318, P.L.
102-486, P.L.
103-66, excluding sections 13101 (a) and (c) 1, 13171 and
1813174 of P.L.
103-66, P.L.
104-188, excluding section 1311 of P.L.
104-188,
and P.L.
19105-34, P.L. 105-206 and P.L. 105-277, and as indirectly affected by P.L.
99-514,
20P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239,
21P.L.
101-508, P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
22102-318, P.L.
102-486, P.L.
103-66, excluding sections 13101 (a) and (c) 1, 13171 and
2313174 of P.L.
103-66, P.L.
104-188, excluding section 1311 of P.L.
104-188,
and P.L.
24105-34, P.L. 105-206 and P.L. 105-277, except that "
internal revenue code Internal
25Revenue Code" does not include section 847 of the federal
internal revenue code
1Internal Revenue Code. The
internal revenue code Internal Revenue Code applies
2for Wisconsin purposes at the same time as for federal purposes. Amendments to the
3federal
internal revenue code Internal Revenue Code enacted after
4December 31, 1991, do not apply to this paragraph with respect to taxable years
5beginning after December 31, 1991, and before January 1, 1993, except that
6changes to the internal revenue code made by P.L.
102-318, P.L.
102-486, P.L.
7103-66, P.L.
104-188, excluding section 1311 of P.L.
104-188,
and P.L.
105-34, P.L.
8105-206 and P.L. 105-277 and changes that indirectly affect the federal internal
9revenue code made by P.L.
102-318, P.L.
102-486, P.L.
103-66, P.L.
104-188,
10excluding section 1311 of P.L.
104-188,
and P.L.
105-34, P.L. 105-206 and P.L.
11105-277, apply for Wisconsin purposes at the same time as for federal purposes.
AB133-ASA1,931,1213
71.42
(2) (g) For taxable years that begin after December 31, 1992, and before
14January 1, 1994, "
internal revenue code
Internal Revenue Code" means the federal
15internal revenue code Internal Revenue Code as amended to December 31, 1992,
16excluding sections 103, 104 and 110 of P.L.
102-227, and as amended by P.L.
103-66,
17excluding sections 13101 (a) and (c) 1, 13113, 13150, 13171, 13174 and 13203 of P.L.
18103-66, P.L.
103-465, P.L.
104-188, excluding section 1311 of P.L.
104-188,
and P.L.
19105-34, P.L. 105-206 and P.L. 105-277, and as indirectly affected by P.L.
99-514,
20P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239,
21P.L.
101-508, P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
22102-318, P.L.
102-486, P.L.
103-66, excluding sections 13101 (a) and (c) 1, 13113,
2313150, 13171, 13174 and 13203 of P.L.
103-66, P.L.
103-465, P.L.
104-188, excluding
24section 1311 of P.L.
104-188,
and P.L.
105-34, P.L. 105-206 and P.L. 105-277, except
25that "
internal revenue code Internal Revenue Code" does not include section 847 of
1the federal
internal revenue code Internal Revenue Code. The
internal revenue code 2Internal Revenue Code applies for Wisconsin purposes at the same time as for federal
3purposes. Amendments to the federal
internal revenue code Internal Revenue Code 4enacted after December 31, 1992, do not apply to this paragraph with respect to
5taxable years beginning after December 31, 1992, and before January 1, 1994,
6except that changes to the
internal revenue code
Internal Revenue Code made by P.L.
7103-66, P.L.
103-465, P.L.
104-188, excluding section 1311 of P.L.
104-188,
and P.L.
8105-34, P.L. 105-206 and P.L. 105-277 and changes that indirectly affect the federal
9internal revenue code Internal Revenue Code made by P.L.
103-66, P.L.
103-465,
10P.L.
104-188, excluding section 1311 of P.L.
104-188,
and P.L.
105-34, P.L. 105-206
11and P.L. 105-277, apply for Wisconsin purposes at the same time as for federal
12purposes.
AB133-ASA1,932,1814
71.42
(2) (h) For taxable years that begin after December 31, 1993, and before
15January 1, 1995, "
internal revenue code
Internal Revenue Code" means the federal
16internal revenue code Internal Revenue Code as amended to December 31, 1993
17excluding sections 103, 104 and 110 of P.L.
102-227 and sections 13113, 13150 (d),
1813171 (d), 13174, 13203 (d) and 13215 of P.L.
103-66, and as amended by P.L.
19103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, excluding section 1 of P.L.
104-7,
20P.L.
104-188, excluding section 1311 of P.L.
104-188, P.L.
104-191, P.L.
104-193 and, 21P.L.
105-34,
P.L. 105-206 and P.L. 105-277, and as indirectly affected by P.L.
2299-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
23101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
24102-227, P.L.
102-318, P.L.
102-486 and P.L.
103-66, excluding sections 13113,
2513150 (d), 13171 (d), 13174, 13203 (d) and 13215 of P.L.
103-66, P.L.
103-296, P.L.
1103-337, P.L.
103-465, P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
104-188,
2excluding section 1311 of P.L.
104-188, P.L.
104-191, P.L.
104-193
and, P.L.
105-34,
3P.L. 105-206 and P.L. 105-277, except that "
internal revenue code Internal Revenue
4Code" does not include section 847 of the federal
internal revenue code Internal
5Revenue Code. The
internal revenue code Internal Revenue Code applies for
6Wisconsin purposes at the same time as for federal purposes. Amendments to the
7federal
internal revenue code Internal Revenue Code enacted after
8December 31, 1993, do not apply to this paragraph with respect to taxable years
9beginning after December 31, 1993, and before January 1, 1995, except that
10changes to the
internal revenue code Internal Revenue Code made by P.L.
103-296,
11P.L.
103-337, P.L.
103-465, P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
12104-188, excluding section 1311 of P.L.
104-188, P.L.
104-191, P.L.
104-193 and, P.L.
13105-34, P.L. 105-206 and P.L. 105-277 and changes that indirectly affect the
14provisions applicable to this subchapter made by P.L.
103-296, P.L.
103-337, P.L.
15103-465, P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
104-188, excluding
16section 1311 of P.L.
104-188, P.L.
104-191, P.L.
104-193 and, P.L.
105-34, P.L.
17105-206 and P.L. 105-277, apply for Wisconsin purposes at the same time as for
18federal purposes.
AB133-ASA1,933,2120
71.42
(2) (i) For taxable years that begin after December 31, 1994, and before
21January 1, 1996, "
internal revenue code
Internal Revenue Code" means the federal
22internal revenue code Internal Revenue Code as amended to December 31, 1994,
23excluding sections 103, 104 and 110 of P.L.
102-227 and sections 13113, 13150 (d),
2413171 (d), 13174 and 13203 (d) of P.L.
103-66, and as amended by P.L.
104-7, P.L.
25104-188, excluding sections 1202, 1204, 1311 and 1605 of P.L.
104-188, P.L.
1104-191, P.L.
104-193 and, P.L.
105-34,
P.L. 105-206 and P.L. 105-277, and as
2indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
3101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections
4103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding
5sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, P.L.
6103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections
71202, 1204, 1311 and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193
and, P.L.
8105-34,
P.L. 105-206 and P.L. 105-277, except that "
internal revenue code Internal
9Revenue Code" does not include section 847 of the federal
internal revenue code 10Internal Revenue Code. The
internal revenue code Internal Revenue Code applies
11for Wisconsin purposes at the same time as for federal purposes. Amendments to the
12federal
internal revenue code Internal Revenue Code enacted after
13December 31, 1994, do not apply to this paragraph with respect to taxable years
14beginning after December 31, 1994, and before January 1, 1996, except that
15changes to the
internal revenue code Internal Revenue Code made by P.L.
104-7, P.L.
16104-188, excluding sections 1202, 1204, 1311 and 1605 of P.L.
104-188, P.L.
17104-191, P.L.
104-193 and, P.L.
105-34, P.L. 105-206 and P.L. 105-277 and changes
18that indirectly affect the provisions applicable to this subchapter made by P.L.
104-7,
19P.L.
104-188, excluding sections 1202, 1204, 1311 and 1605 of P.L.
104-188, P.L.
20104-191, P.L.
104-193 and, P.L.
105-34, P.L. 105-206 and P.L. 105-277, apply for
21Wisconsin purposes at the same time as for federal purposes.
AB133-ASA1,934,2423
71.42
(2) (j) For taxable years that begin after December 31, 1995, and before
24January 1, 1997, "
internal revenue code
Internal Revenue Code" means the federal
25internal revenue code Internal Revenue Code as amended to December 31, 1995,
1excluding sections 103, 104 and 110 of P.L.
102-227 and sections 13113, 13150 (d),
213171 (d), 13174 and 13203 (d) of P.L.
103-66, and as amended by P.L.
104-188,
3excluding sections 1123, 1202, 1204, 1311 and 1605 of P.L.
104-188, P.L.
104-191,
4P.L.
104-193, P.L.
105-33 and, P.L.
105-34, P.L. 105-206 and P.L. 105-277, and as
5indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
6101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections
7103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding
8sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, P.L.
9103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections
101123, 1202, 1204, 1311 and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
11105-33 and, P.L.
105-34, P.L. 105-206 and P.L. 105-277, except that "
internal
12revenue code Internal Revenue Code" does not include section 847 of the federal
13internal revenue code Internal Revenue Code. The
internal revenue code Internal
14Revenue Code applies for Wisconsin purposes at the same time as for federal
15purposes. Amendments to the federal
internal revenue code Internal Revenue Code 16enacted after December 31, 1995, do not apply to this paragraph with respect to
17taxable years beginning after December 31, 1995, and before January 1, 1997,
18except that changes to the Internal Revenue Code made by P.L.
104-188, excluding
19sections 1123, 1202, 1204, 1311 and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193,
20P.L.
105-33 and, P.L.
105-34,
P.L. 105-206 and P.L. 105-277, and changes that
21indirectly affect the provisions applicable to this subchapter made by P.L.
104-188,
22excluding sections 1123, 1202, 1204, 1311 and 1605 of P.L.
104-188, P.L.
104-191,
23P.L.
104-193, P.L.
105-33 and, P.L.
105-34, P.L. 105-206 and P.L. 105-277, apply for
24Wisconsin purposes at the same time as for federal purposes.
AB133-ASA1,935,23
171.42
(2) (k) For taxable years that begin after December 31, 1996, and before
2January 1, 1998, "Internal Revenue Code" means the federal Internal Revenue Code
3as amended to December 31, 1996, excluding sections 103, 104 and 110 of P.L.
4102-227, sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66 and
5sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L.
104-188, and as
6amended by P.L.
105-33 and, P.L.
105-34, P.L. 105-206 and P.L. 105-277, and as
7indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
8101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections
9103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding
10sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, P.L.
11103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections
121123 (b), 1202 (c) 1204 (f), 1311 and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
13104-193, P.L.
105-33 and, P.L.
105-34, P.L. 105-206 and P.L. 105-277, except that
14"Internal Revenue Code" does not include section 847 of the federal Internal Revenue
15Code. The Internal Revenue Code applies for Wisconsin purposes at the same time
16as for federal purposes. Amendments to the federal Internal Revenue Code enacted
17after December 31, 1996, do not apply to this paragraph with respect to taxable years
18beginning after December 31, 1996, and before January 1, 1998, except that
19changes to the Internal Revenue Code made by P.L.
105-33 and, P.L.
105-34, P.L.
20105-206 and P.L. 105-277 and changes that indirectly affect the provisions
21applicable to this subchapter made by P.L.
105-33 and
, P.L.
105-34, P.L. 105-206
22and P.L. 105-277, apply for Wisconsin purposes at the same time as for federal
23purposes.
AB133-ASA1,936,22
171.42
(2) (L) For taxable years that begin after December 31, 1997,
and before
2January 1, 1999, "Internal Revenue Code" means the federal Internal Revenue Code
3as amended to December 31, 1997, excluding sections 103, 104 and 110 of P.L.
4102-227, sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66 and
5sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L.
104-188,
and as
6amended by P.L. 105-178, P.L. 105-206 and P.L. 105-277, and as indirectly affected
7by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179,
8P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
9102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
10(d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
11103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c) 1204 (f), 1311
12and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33
and, P.L.
13105-34,
P.L. 105-178, P.L. 105-206 and P.L. 105-277, except that "Internal Revenue
14Code" does not include section 847 of the federal Internal Revenue Code. The
15Internal Revenue Code applies for Wisconsin purposes at the same time as for federal
16purposes. Amendments to the federal Internal Revenue Code enacted after
17December 31, 1997, do not apply to this paragraph with respect to taxable years
18beginning after December 31, 1997
, and before January 1, 1999, except that changes
19to the Internal Revenue Code made by P.L. 105-178, P.L. 105-206 and P.L. 105-277
20and changes that indirectly affect the provisions applicable to this subchapter made
21by P.L. 105-178, P.L. 105-206 and P.L. 105-277 apply for Wisconsin purposes at the
22same time as for federal purposes.
AB133-ASA1,937,1524
71.42
(2) (m) For taxable years that begin after December 31, 1998, "Internal
25Revenue Code" means the federal Internal Revenue Code as amended to
1December 31, 1998, excluding sections 103, 104 and 110 of P.L.
102-227, sections
213113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66 and sections 1123 (b),
31202 (c), 1204 (f), 1311 and 1605 (d) of P.L.
104-188, and as indirectly affected by P.L.
499-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
5101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
6102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
7(d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
8103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c) 1204 (f), 1311
9and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34,
10P.L.
105-178, P.L.
105-206 and P.L.
105-277, except that "Internal Revenue Code"
11does not include section 847 of the federal Internal Revenue Code. The Internal
12Revenue Code applies for Wisconsin purposes at the same time as for federal
13purposes. Amendments to the federal Internal Revenue Code enacted after
14December 31, 1998, do not apply to this paragraph with respect to taxable years
15beginning after December 31, 1998.
AB133-ASA1,938,217
71.43
(1) Income tax. For the purpose of raising revenue for the state and the
18counties, cities, villages and towns, there shall be assessed, levied, collected and paid
19a tax as provided under this chapter on all Wisconsin net incomes of corporations
20which that are not subject to the franchise tax under sub. (2) and
which that own
21property within this state
; that derive income from sources within this state or from
22activities that are attributable to this state; or whose business within this state
23during the taxable year, except as provided under s. 71.23 (3), consists exclusively
24of foreign commerce, interstate commerce, or both; except as exempted under ss.
2571.26 (1) and 71.45 (1). This section shall not be construed to prevent or affect the
1correction of errors or omissions in the assessments of income for former years under
2s. 71.74 (1) and (2).
AB133-ASA1,938,94
71.45
(2) (a) 10. By adding to federal taxable income the amount of credit
5computed under s. 71.47 (1dd) to
(1dx) (1dy) and not passed through by a
6partnership, limited liability company or tax-option corporation that has added that
7amount to the partnership's, limited liability company's or tax-option corporation's
8income under s. 71.21 (4) or 71.34 (1) (g) and the amount of credit computed under
9s. 71.47 (1), (3), (4) and (5).
AB133-ASA1,938,2311
71.45
(2) (a) 13. By adding or subtracting, as appropriate, the difference
12between the depreciation deduction under the federal Internal Revenue Code as
13amended to December 31,
1997 1998 and the depreciation deduction under the
14federal Internal Revenue Code in effect for the taxable year for which the return is
15filed, so as to reflect the fact that the insurer may choose between these 2 deductions,
16except that property first placed in service by the taxpayer on or after
17January 1, 1983, but before January 1, 1987, that, under s. 71.04 (15) (b) and (br),
181985 stats., is required to be depreciated under the Internal Revenue Code as
19amended to December 31, 1980, and property first placed in service in taxable year
201981 or thereafter but before January 1, 1987, that, under s. 71.04 (15) (bm), 1985
21stats., is required to be depreciated under the Internal Revenue Code as amended
22to December 31, 1980, shall continue to be depreciated under the Internal Revenue
23Code as amended to December 31, 1980.
AB133-ASA1,939,9
171.45
(3) Apportionment. (intro.)
With respect Except as provided in par. (c), 2to
determine Wisconsin income for purposes of the franchise tax, domestic insurers
3not engaged in the sale of life insurance but which
that, in the taxable year, have
4collected received premiums
, other than life insurance premiums, written
on
5subjects of for insurance
on property or risks resident, located or to be performed
6outside this state
, there shall
be subtracted from multiply the net income figure
7derived by application of sub. (2)
(a) to arrive at Wisconsin income constituting the
8measure of the franchise tax an amount calculated by multiplying such adjusted
9federal taxable income by the arithmetic average of the following 2 percentages:
AB133-ASA1,939,2511
71.45
(3) (a)
The Subject to par. (c), the percentage
determined by dividing the
12sum of
total direct premiums written
on all property and risks for insurance other
13than life insurance,
on subjects of insurance resident, located or to be performed in
14this state, and assumed premiums written for reinsurance, other than life insurance,
15with respect to all property and risks resident, located or to be performed in this
16state, by the sum of direct premiums written for insurance on all property and risks,
17other than life insurance, wherever located
during the taxable year, as reflects, and
18assumed premiums written
on insurance for reinsurance on all property and risks,
19other than life insurance,
where the subject of insurance was resident, located or to
20be performed outside this state wherever located. In this paragraph, "direct
21premiums" means direct premiums as reported for the taxable year on an annual
22statement that is filed by the insurer with the commissioner of insurance. In this
23paragraph, "assumed premiums" means assumed reinsurance premiums from
24domestic insurance companies as reported for the taxable year on an annual
25statement that is filed by the commissioner of insurance.
AB133-ASA1, s. 1752
1Section
1752. 71.45 (3) (b) of the statutes is renumbered 71.45 (3) (b) 1. and
2amended to read:
AB133-ASA1,940,63
71.45
(3) (b) 1.
The Subject to par. (c), the percentage
of determined by dividing
4the payroll, exclusive of life insurance payroll, paid in this state in the taxable year
5by total payroll, exclusive of life insurance payroll, paid everywhere in the taxable
6year
as reflects such compensation paid outside this state.
AB133-ASA1,940,15
72. Compensation is paid outside this state if the individual's service is
8performed entirely outside this state; or the individual's service is performed both
9within and without this state, but the service performed within is incidental to the
10individual's service without this state; or some service is performed without this
11state and the base of operations, or if there is no base of operations, the place from
12which the service is directed or controlled is without this state, or the base of
13operations or the place from which the service is directed or controlled is not in any
14state in which some part of the service is performed, but the individual's residence
15is outside this state.
AB133-ASA1,940,1917
71.45
(3) (c) 1. For taxable years beginning after December 31, 2000, and before
18January 1, 2002, the percentage under par. (a) represents 63% of the average of the
19amounts under pars. (a) and (b) 1.
AB133-ASA1,940,2220
2. For taxable years beginning after December 31, 2001, and before January
211, 2003, the percentage under par. (a) represents 85% of the average of the amounts
22under pars. (a) and (b) 1.
AB133-ASA1,941,223
3. For taxable years beginning after December 31, 2002, a domestic insurer
24that is subject to apportionment under this subsection shall multiply the net income
1figure derived by application of sub. (2) by the percentage under par. (a) to determine
2Wisconsin income for purposes of the franchise tax.
AB133-ASA1,941,104
71.45
(3m) Arithmetic average. The Except as provided in sub. (3) (c), the 5arithmetic average of the 2 percentages referred to in sub. (3) shall be applied to the
6net income figure arrived at by the successive application of sub. (2) (a) and (b) with
7respect to Wisconsin insurers to which sub. (2) (a) and (b) applies and which have
8collected premiums written upon insurance, other than life insurance, where the
9subject of such insurance was resident, located or to be performed outside this state,
10to arrive at Wisconsin income constituting the measure of the franchise tax.
AB133-ASA1,941,1612
71.45
(6) Partnerships and limited liability companies. (a) A general or
13limited partner's share of the numerator and denominator of a partnership's
14apportionment fractions under this section are included in the numerator and
15denominator of the general or limited partner's apportionment fractions under this
16section.
AB133-ASA1,941,2117
(b) If a limited liability company is considered by the department of revenue
18to be a partnership, for tax purposes, a member's share of the numerator and
19denominator of a limited liability company's apportionment fractions under this
20section are included in the numerator and denominator of the member's
21apportionment fractions under this section.
AB133-ASA1,942,223
71.47
(1dj) (am) 1. Modify "member of a targeted group", as defined in section
2451 (d) of the internal revenue code as amended to December 31, 1995, to include
25persons unemployed as a result of a business action subject to s. 109.07 (1m) and
1persons specified under 29 USC 1651 (a) dislocated workers, as defined in 29 USC
22801 (9), and to require a member of a targeted group to be a resident of this state.
