AB133-ASA1, s. 1741v 13Section 1741v. 71.28 (1dj) (am) 2. of the statutes is amended to read:
AB133-ASA1,911,1914 71.28 (1dj) (am) 2. Modify "designated local agency", as defined in section 51
15(d) (15) of the internal revenue code, to include the job training partnership act
16organization
local workforce development board established under 29 USC 2832 for
17the area that includes the development zone in which the employe in respect to whom
18the credit under this subsection is claimed works, if the department of commerce
19approves the criteria used for certification, and the department of commerce.
AB133-ASA1, s. 1742 20Section 1742. 71.28 (1dj) (am) 3. of the statutes is amended to read:
AB133-ASA1,911,2321 71.28 (1dj) (am) 3. Modify the rule for certification under section 51 (d) (16) (A)
22of the internal revenue code to allow certification within the 90-day period beginning
23with the first day of employment of the employe by the claimant.
AB133-ASA1, s. 1742g 24Section 1742g. 71.28 (1dx) (b) (intro.) of the statutes is amended to read:
AB133-ASA1,912,5
171.28 (1dx) (b) Credit. (intro.) Except as provided in s. 73.03 (35) and subject
2to s. 560.785, for any taxable year for which the person is certified under s. 560.765
3(3), any person may claim as a credit against taxes imposed on the person's income
4from the person's business activities in a development zone
under this subchapter
5the following amounts:
AB133-ASA1, s. 1743 6Section 1743. 71.28 (1dx) (b) 4. of the statutes is amended to read:
AB133-ASA1,912,127 71.28 (1dx) (b) 4. The amount determined by multiplying the amount
8determined under s. 560.785 (1) (b) (bm) by the number of full-time jobs retained,
9as provided in the rules under s. 560.785, excluding jobs for which a credit has been
10claimed under sub. (1dj), in a an enterprise development zone under s. 560.797 and
11filled by a member of a targeted group for which significant capital investment was
12made
and by then subtracting the subsidies paid under s. 49.147 (3) (a) for those jobs.
AB133-ASA1, s. 1743d 13Section 1743d. 71.28 (1dy) of the statutes is created to read:
AB133-ASA1,912,1514 71.28 (1dy) Sustainable urban development zone credit. (a) Definitions. In
15this subsection:
AB133-ASA1,912,1616 1. "Brownfield" has the meaning given in sub. (1dx) (a) 1.
AB133-ASA1,912,2117 2. "Environmental remediation" means removal or containment of
18environmental pollution, as defined in s. 299.01 (4), and restoration of soil or
19groundwater that is affected by environmental pollution, as defined in s. 299.01 (4),
20in a brownfield and investigation unless the investigation determines that
21remediation is required but remediation is not undertaken.
AB133-ASA1,912,2522 (b) Credit. For any taxable year for which the person is certified under s. 292.77
23(5), a person may claim as a credit against taxes imposed under this subchapter 50%
24of the amount expended for environmental remediation under the program under s.
25292.77.
AB133-ASA1,913,2
1(c) Administration. Subsection (1dx) (c), (d) and (e), as it applies to the credit
2under sub. (1dx), applies to the credit under this subsection.
AB133-ASA1, s. 1744b 3Section 1744b. 71.28 (2m) (a) 1. b. of the statutes is amended to read:
AB133-ASA1,913,74 71.28 (2m) (a) 1. b. For partnerships, except publicly traded partnerships
5treated as corporations under s. 71.22 (1) (1g), or limited liability companies, except
6limited liability companies treated as corporations under s. 71.22 (1) (1g), "claimant"
7means each individual partner or member.
AB133-ASA1, s. 1745 8Section 1745. 71.28 (4) (a) of the statutes is amended to read:
AB133-ASA1,913,229 71.28 (4) (a) Credit. Any corporation may credit against taxes otherwise due
10under this chapter an amount equal to 5% of the amount obtained by subtracting
11from the corporation's qualified research expenses, as defined in section 41 of the
12internal revenue code, except that "qualified research expenses" includes only
13expenses incurred by the claimant, incurred for research conducted in this state for
14the taxable year, except that a taxpayer may elect the alternative computation under
15section 41 (c) (4) of the Internal Revenue Code and that election applies until the
16department permits its revocation and except that "qualified research expenses"
17does not include compensation used in computing the credit under subs. (1dj) and
18(1dx), the corporation's base amount, as defined in section 41 (c) of the internal
19revenue code, except that gross receipts used in calculating the base amount means
20gross receipts from sales attributable to Wisconsin under s. 71.25 (9) (b) 1. and 2. and,
21(d), (dc), (dg), (dn) and (dr). Section 41 (h) of the internal revenue code does not apply
22to the credit under this paragraph.
AB133-ASA1, s. 1746d 23Section 1746d. 71.28 (4) (i) of the statutes is amended to read:
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, s. 1747m 5Section 1747m. 71.30 (3) (eon) of the statutes is created to read:
AB133-ASA1,914,66 71.30 (3) (eon) Sustainable urban development zone credit under s. 71.28 (1dy).
AB133-ASA1, s. 1748b 7Section 1748b. 71.30 (10) of the statutes is created to read:
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, s. 1748bm 3Section 1748bm. 71.34 (1) (g) of the statutes is amended to read:
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, s. 1748c 7Section 1748c. 71.34 (1g) (e) of the statutes is repealed.
AB133-ASA1, s. 1748d 8Section 1748d. 71.34 (1g) (f) of the statutes is amended to read:
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, s. 1748e 8Section 1748e. 71.34 (1g) (g) of the statutes is amended to read:
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, s. 1748f 12Section 1748f. 71.34 (1g) (h) of the statutes is amended to read:
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, s. 1748g 15Section 1748g. 71.34 (1g) (i) of the statutes is amended to read:
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, s. 1748h 23Section 1748h. 71.34 (1g) (j) of the statutes is amended to read:
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, s. 1748i 4Section 1748i. 71.34 (1g) (k) of the statutes is amended to read:
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, s. 1748j 10Section 1748j. 71.34 (1g) (L) of the statutes is amended to read:
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, s. 1748k 12Section 1748k. 71.34 (1g) (m) of the statutes is amended to read:
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, s. 1748L 13Section 1748L. 71.34 (1g) (n) of the statutes is created to read:
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, s. 1748m 9Section 1748m. 71.365 (1m) of the statutes is amended to read:
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, s. 1748n 13Section 1748n. 71.42 (2) (d) of the statutes is repealed.
AB133-ASA1, s. 1748p 14Section 1748p. 71.42 (2) (e) of the statutes is amended to read:
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, s. 1748q 12Section 1748q. 71.42 (2) (f) of the statutes is amended to read:
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, s. 1748r 12Section 1748r. 71.42 (2) (g) of the statutes is amended to read:
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, s. 1748s 13Section 1748s. 71.42 (2) (h) of the statutes is amended to read:
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, s. 1748t 19Section 1748t. 71.42 (2) (i) of the statutes is amended to read:
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, s. 1748u 22Section 1748u. 71.42 (2) (j) of the statutes is amended to read:
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, s. 1748v 25Section 1748v. 71.42 (2) (k) of the statutes is amended to read:
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, s. 1748w 24Section 1748w. 71.42 (2) (L) of the statutes is amended to read:
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, s. 1748x 23Section 1748x. 71.42 (2) (m) of the statutes is created to read:
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, s. 1748y 16Section 1748y. 71.43 (1) of the statutes is amended to read:
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, s. 1749k 3Section 1749k. 71.45 (2) (a) 10. of the statutes is amended to read:
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, s. 1749m 10Section 1749m. 71.45 (2) (a) 13. of the statutes is amended to read:
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.
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