SB55-ASA1,708,1818 (k) 324 — Petroleum and coal products manufacturing.
SB55-ASA1,708,1919 (L) 325 — Chemical manufacturing.
SB55-ASA1,708,2020 (m) 326 — Plastics and rubber products manufacturing.
SB55-ASA1,708,2121 (n) 327 — Nonmetallic mineral product manufacturing.
SB55-ASA1,708,2222 (o) 331 — Primary metal manufacturing.
SB55-ASA1,708,2323 (p) 332 — Fabricated metal product manufacturing.
SB55-ASA1,708,2424 (q) 333 — Machinery manufacturing.
SB55-ASA1,708,2525 (r) 334 — Computer and electronic product manufacturing.
SB55-ASA1,709,1
1(s) 335 — Electrical equipment, appliance and component manufacturing.
SB55-ASA1,709,22 (t) 336 — Transportation equipment manufacturing.
SB55-ASA1,709,33 (u) 337 — Furniture and related product manufacturing.
SB55-ASA1,709,44 (v) 339 — Miscellaneous manufacturing.
SB55-ASA1,709,55 (w) 81292 — Photofinishing.
SB55-ASA1, s. 1133 6Section 1133. 70.995 (5) of the statutes is amended to read:
SB55-ASA1,709,167 70.995 (5) Commencing January 1, 1974, and annually thereafter, the The
8department of revenue shall assess all property of manufacturing establishments
9included under subs. (1) and (2) as of the close of January 1 of each year, if on or before
10March 1 of that year the department has classified the property as manufacturing
11or the owner of the property has requested, in writing, that the department make
12such a classification and the department later does so. A change in ownership,
13location, or name of the manufacturing establishment does not necessitate a new
14request
. In assessing lands from which metalliferous minerals are being extracted
15and valued for purposes of the tax under s. 70.375, the value of the metalliferous
16mineral content of such lands shall be excluded.
SB55-ASA1, s. 1134 17Section 1134. 70.995 (6) of the statutes is amended to read:
SB55-ASA1,709,2118 70.995 (6) Prior to February 15 of each year the department of revenue shall
19notify each municipal assessor of the manufacturing property within the taxation
20district that, as of that date, will be assessed by the department during the current
21assessment year.
SB55-ASA1, s. 1135 22Section 1135. 70.995 (8) (b) of the statutes is renumbered 70.995 (8) (b) 1. and
23amended to read:
SB55-ASA1,710,1224 70.995 (8) (b) 1. The department of revenue shall annually notify each
25manufacturer assessed under this section and the municipality in which the

1manufacturing property is located of the full value of all real and personal property
2owned by the manufacturer. The notice shall be in writing and shall be sent by 1st
3class mail. In addition, the notice shall specify that objections to valuation, amount,
4or taxability must be filed with the state board of assessors within 60 days of issuance
5of the notice of assessment, that objections to a change from assessment under this
6section to assessment under s. 70.32 (1) must be filed within 60 days after receipt of
7the notice, that the fee under par. (c) 1. or (d) must be paid and that the objection is
8not filed until the fee is paid. A statement shall be attached to the assessment roll
9indicating that the notices required by this section have been mailed and failure to
10receive the notice does not affect the validity of the assessments, the resulting tax
11on real or personal property, the procedures of the tax appeals commission or of the
12state board of assessors, or the enforcement of delinquent taxes by statutory means.
SB55-ASA1, s. 1136 13Section 1136. 70.995 (8) (b) 2. of the statutes is created to read:
SB55-ASA1,710,1714 70.995 (8) (b) 2. If a municipality files an objection to the amount, valuation,
15taxability, or change from assessment under this section and the person assessed
16does not file an objection, the person assessed may file an appeal within 15 days after
17the municipality's objection is filed.
SB55-ASA1, s. 1137 18Section 1137. 70.995 (8) (c) of the statutes is renumbered 70.995 (8) (c) 1. and
19amended to read:
SB55-ASA1,711,920 70.995 (8) (c) 1. All objections to the amount, valuation, taxability, or change
21from assessment under this section to assessment under s. 70.32 (1) of property shall
22be first made in writing on a form prescribed by the department of revenue and that
23specifies that the objector shall set forth the reasons for the objection, the objector's
24estimate of the correct assessment, and the basis under s. 70.32 (1) for the objector's
25estimate of the correct assessment. An objection
shall be filed with the state board

1of assessors within the time prescribed in par. (b) 1. A $45 fee shall be paid when the
2objection is filed unless a fee has been paid in respect to the same piece of property
3and that appeal has not been finally adjudicated. The objection is not filed until the
4fee is paid. Neither the state board of assessors nor the tax appeals commission may
5waive the requirement that objections be in writing. Persons who own land and
6improvements to that land may object to the aggregate value of that land and
7improvements to that land, but no person who owns land and improvements to that
8land may object only to the valuation of that land or only to the valuation of
9improvements to that land.
SB55-ASA1, s. 1138 10Section 1138. 70.995 (8) (c) 2. of the statutes is created to read:
SB55-ASA1,711,1611 70.995 (8) (c) 2. A manufacturer who files an objection under subd. 1. may file
12supplemental information to support the manufacturer's objection within 60 days
13from the date the objection is filed. The state board of assessors shall notify the
14municipality in which the manufacturer's property is located of supplemental
15information filed by the manufacturer under this subdivision, if the municipality has
16filed an appeal related to the objection.
SB55-ASA1, s. 1139 17Section 1139. 70.995 (8) (d) of the statutes is amended to read:
SB55-ASA1,712,518 70.995 (8) (d) A municipality may file an objection with the state board of
19assessors to the amount, valuation, or taxability under this section or to the change
20from assessment under this section to assessment under s. 70.32 (1) of a specific
21property having a situs in the municipality, whether or not the owner of the specific
22property in question has filed an objection. Objection shall be made on a form
23prescribed by the department and filed with the board within 60 days of the date of
24the issuance of the assessment in question. If the person assessed files an objection
25and the municipality affected does not file an objection, the municipality affected

1may file an appeal to that objection within 15 days after the person's objection is filed.

2A $45 filing fee shall be paid when the objection is filed unless a fee has been paid
3in respect to the same piece of property and that appeal has not been finally
4adjudicated. The objection is not filed until the fee is paid. The board shall forthwith
5notify the person assessed of the objection filed by the municipality.
SB55-ASA1, s. 1140 6Section 1140. 70.995 (8) (dm) of the statutes is amended to read:
SB55-ASA1,712,87 70.995 (8) (dm) The department shall refund filing fees paid under par. (c) 1.
8or (d) if the appeal in respect to the fee is denied because of lack of jurisdiction.
SB55-ASA1, s. 1141 9Section 1141. 70.995 (12) (a) of the statutes is amended to read:
SB55-ASA1,713,810 70.995 (12) (a) The department of revenue shall prescribe a standard
11manufacturing property report form that shall be submitted annually for each real
12estate parcel and each personal property account on or before March 1 by all
13manufacturers whose property is assessed under this section. The report form shall
14contain all information considered necessary by the department and shall include,
15without limitation, income and operating statements, fixed asset schedules and a
16report of new construction or demolition. Failure to submit the report shall result
17in denial of any right of redetermination by the state board of assessors or the tax
18appeals commission. If any property is omitted or understated in the assessment roll
19in any of the next 5 previous years, the assessor shall enter the value of the omitted
20or understated property once for each previous year of the omission or
21understatement. The assessor shall designate each additional entry as omitted or
22understated for the year of omission or understatement.
The assessor shall affix a
23just valuation to each entry for a former year as it should have been assessed
24according to the assessor's best judgment. Taxes shall be apportioned and collected
25on the tax roll for each entry, on the basis of the net tax rate for the year of the

1omission, taking into account credits under s. 79.10, and. In the case of omitted
2property,
interest shall be added at the rate of 0.0267% per day for the period of time
3between the date when the form is required to be submitted and the date when the
4assessor affixes the just valuation. In the case of underpayments determined after
5an objection under s. 70.995 (8) (d), interest shall be added at the average annual
6discount interest rate determined by the last auction of 6-month U.S. treasury bills
7before the objection per day for the period of time between the date when the tax was
8due and the date when it is paid.
SB55-ASA1, s. 1142 9Section 1142. 70.995 (12) (b) of the statutes is amended to read:
SB55-ASA1,713,1310 70.995 (12) (b) The department of revenue shall allow an extension to April 1
11of the due date for filing the report forms required under par. (a) if a written
12application for an extension, stating the reason for the request, is filed with the
13department on or before March 1.
SB55-ASA1, s. 1143 14Section 1143. 70.995 (12) (c) of the statutes is amended to read:
SB55-ASA1,714,615 70.995 (12) (c) Unless the taxpayer shows that the failure is due to reasonable
16cause, if a taxpayer fails to file any form required under par. (a) for property that the
17department of revenue assessed during the previous year by the due date or by any
18extension of the due date that has been granted, the taxpayer shall pay to the
19department of revenue a penalty of the greater of $10 or 0.05% of the previous year's
20full value assessment not to exceed $1,000. If the form required under par. (a) for
21property that the department of revenue assessed during the previous year is not
22filed within 30 days after the due date or within 30 days after any extension, the
23taxpayer shall pay to the department of revenue a 2nd penalty of the greater of $10
24or 0.05% of the previous year's full value assessment not to exceed $1,000
$25 if the
25form is filed 1 to 10 days late; $50 or 0.05% of the previous year's assessment,

1whichever is greater, but not more than $250, if the form is filed 11 to 30 days late;
2and $100 or 0.1% of the previous year's assessment, whichever is greater, but not
3more than $750, if the form is filed more than 30 days late
. Penalties are due 30 days
4after they are assessed and are delinquent if not paid on or before that date. The
5department may refund all or part of any penalty it assesses under this paragraph
6if it finds reasonable grounds for late filing.
SB55-ASA1, s. 2130d 7Section 2130d. 71.01 (6) (g) of the statutes is repealed.
SB55-ASA1, s. 2130db 8Section 2130db. 71.01 (6) (h) of the statutes is amended to read:
SB55-ASA1,715,99 71.01 (6) (h) For taxable years that begin after December 31, 1992, and before
10January 1, 1994, for natural persons and fiduciaries, except fiduciaries of nuclear
11decommissioning trust or reserve funds, "Internal Revenue Code" means the federal
12Internal Revenue Code as amended to December 31, 1992, excluding sections 103,
13104, and 110 of P.L. 102-227, and as amended by P.L. 103-66, excluding sections
1413101 (a) and (c) 1, 13113, 13150, 13171, 13174, and 13203 of P.L. 103-66, P.L.
15103-465, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L. 105-34, P.L.
16105-206 and, P.L. 105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L.
17106-554,
and as indirectly affected by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L.
18101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-280, P.L. 101-508, P.L.
19102-90, P.L. 102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L.
20102-318, P.L. 102-486, P.L. 103-66, excluding sections 13101 (a) and (c) 1, 13113,
2113150, 13171, 13174, and 13203 of P.L. 103-66, P.L. 104-188, excluding section 1311
22of P.L. 104-188, P.L. 105-34, P.L. 105-206 and, P.L. 105-277, and P.L. 106-554,
23excluding sections 162 and 165 of P.L. 106-554
. The Internal Revenue Code applies
24for Wisconsin purposes at the same time as for federal purposes. Amendments to the
25federal Internal Revenue Code enacted after December 31, 1992, do not apply to this

1paragraph with respect to taxable years beginning after December 31, 1992, and
2before January 1, 1994, except that changes to the Internal Revenue Code made by
3P.L. 103-66, P.L. 103-465, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L.
4105-34, P.L. 105-206 and, P.L. 105-277, and P.L. 106-554, excluding sections 162
5and 165 of P.L. 106-554,
and changes that indirectly affect the provisions applicable
6to this subchapter made by P.L. 103-66, P.L. 103-465, P.L. 104-188, excluding
7section 1311 of P.L. 104-188, P.L. 105-34, P.L. 105-206 and , P.L. 105-277, and P.L.
8106-554 excluding sections 162 and 165 of P.L. 106-554,
apply for Wisconsin
9purposes at the same time as for federal purposes.
SB55-ASA1, s. 2130dd 10Section 2130dd. 71.01 (6) (i) of the statutes is amended to read:
SB55-ASA1,716,1611 71.01 (6) (i) For taxable years that begin after December 31, 1993, and before
12January 1, 1995, for natural persons and fiduciaries, except fiduciaries of nuclear
13decommissioning trust or reserve funds, "Internal Revenue Code" means the federal
14Internal Revenue Code as amended to December 31, 1993, excluding sections 103,
15104, and 110 of P.L. 102-227 and sections 13113, 13150 (d), 13171 (d), 13174, 13203
16(d), and 13215 of P.L. 103-66 and as amended by P.L. 103-296, P.L. 103-337, P.L.
17103-465, P.L. 104-7, excluding section 1 of P.L. 104-7, P.L. 104-188, excluding
18section 1311 of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-34, P.L. 105-206
19and, P.L. 105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554,
20and as indirectly affected by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73,
21P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-280, P.L. 101-508, P.L. 102-90,
22P.L. 102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L.
23102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, 13203
24(d), and 13215 of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7,
25excluding section 1 of P.L. 104-7, P.L. 104-188, excluding section 1311 of P.L.

1104-188, P.L. 104-191, P.L. 104-193, P.L. 105-34, P.L. 105-206 and, P.L. 105-277,
2and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554
. The Internal
3Revenue Code applies for Wisconsin purposes at the same time as for federal
4purposes. Amendments to the federal Internal Revenue Code enacted after
5December 31, 1993, do not apply to this paragraph with respect to taxable years
6beginning after December 31, 1993, and before January 1, 1995, except that
7changes to the Internal Revenue Code made by P.L. 103-296, P.L. 103-337, P.L.
8103-465, P.L. 104-7, excluding section 1 of P.L. 104-7, P.L. 104-188, excluding
9section 1311 of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-34, P.L. 105-206
10and, P.L. 105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554,
11and changes that indirectly affect the provisions applicable to this subchapter made
12by P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, excluding section 1 of P.L.
13104-7, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L. 104-191, P.L.
14104-193, P.L. 105-34, P.L. 105-206 and, P.L. 105-277, and P.L. 106-554, excluding
15sections 162 and 165 of P.L. 106-554,
apply for Wisconsin purposes at the same time
16as for federal purposes.
SB55-ASA1, s. 2130df 17Section 2130df. 71.01 (6) (j) of the statutes is amended to read:
SB55-ASA1,717,2118 71.01 (6) (j) For taxable years that begin after December 31, 1994, and before
19January 1, 1996, for natural persons and fiduciaries, except fiduciaries of nuclear
20decommissioning trust or reserve funds, "Internal Revenue Code" means the federal
21Internal Revenue Code as amended to December 31, 1994, excluding sections 103,
22104, and 110 of P.L. 102-227 and sections 13113, 13150 (d), 13171 (d), 13174, and
2313203 (d) of P.L. 103-66, and as amended by P.L. 104-7, P.L. 104-117, P.L. 104-188,
24excluding sections 1202, 1204, 1311, and 1605 of P.L. 104-188, P.L. 104-191, P.L.
25104-193, P.L. 105-34, P.L. 105-206 and, P.L. 105-277, and P.L. 106-554, excluding

1sections 162 and 165 of P.L. 106-554
, and as indirectly affected by P.L. 99-514, P.L.
2100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L.
3101-280, P.L. 101-508, P.L. 102-90, P.L. 102-227, excluding sections 103, 104, and
4110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections
513113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L.
6103-337, P.L. 103-465, P.L. 104-7, P.L. 104-117, P.L. 104-188, excluding sections
71202, 1204, 1311, and 1605 of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-34,
8P.L. 105-206 and, P.L. 105-277, and P.L. 106-554, excluding sections 162 and 165
9of P.L. 106-554
. The Internal Revenue Code applies for Wisconsin purposes at the
10same time as for federal purposes. Amendments to the federal Internal Revenue
11Code enacted after December 31, 1994, do not apply to this paragraph with respect
12to taxable years beginning after December 31, 1994, and before January 1, 1996,
13except that changes to the Internal Revenue Code made by P.L. 104-7, P.L. 104-117,
14P.L. 104-188, excluding sections 1202, 1204, 1311, and 1605 of P.L. 104-188, P.L.
15104-191, P.L. 104-193, P.L. 105-34, P.L. 105-206 and, P.L. 105-277, and P.L.
16106-554, excluding sections 162 and 165 of P.L. 106-554,
and changes that indirectly
17affect the provisions applicable to this subchapter made by P.L. 104-7, P.L. 104-117,
18P.L. 104-188, excluding sections 1202, 1204, 1311, and 1605 of P.L. 104-188, P.L.
19104-191, P.L. 104-193, P.L. 105-34, P.L. 105-206 and, P.L. 105-277, and P.L.
20106-554, excluding sections 162 and 165 of P.L. 106-554,
apply for Wisconsin
21purposes at the same time as for federal purposes.
SB55-ASA1, s. 2130dh 22Section 2130dh. 71.01 (6) (k) of the statutes is amended to read:
SB55-ASA1,719,223 71.01 (6) (k) For taxable years that begin after December 31, 1995, and before
24January 1, 1997, for natural persons and fiduciaries, except fiduciaries of nuclear
25decommissioning trust or reserve funds, "Internal Revenue Code" means the federal

1Internal Revenue Code as amended to December 31, 1995, excluding sections 103,
2104, and 110 of P.L. 102-227 and sections 13113, 13150 (d), 13171 (d), 13174, and
313203 (d) of P.L. 103-66, and as amended by P.L. 104-117, P.L. 104-188, excluding
4sections 1123, 1202, 1204, 1311, and 1605 of P.L. 104-188, P.L. 104-191, P.L.
5104-193, P.L. 105-33, P.L. 105-34, P.L. 105-206 and, P.L. 105-277, and P.L.
6106-554, excluding sections 162 and 165 of P.L. 106-554
, 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. 101-280, P.L. 101-508, P.L. 102-90, P.L. 102-227, excluding
9sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66,
10excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66,
11P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-117, P.L. 104-188,
12excluding sections 1123, 1202, 1204, 1311, and 1605 of P.L. 104-188, P.L. 104-191,
13P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L. 105-206 and , P.L. 105-277, and P.L.
14106-554, excluding sections 162 and 165 of P.L. 106-554
. The Internal Revenue
15Code applies for Wisconsin purposes at the same time as for federal purposes.
16Amendments to the federal Internal Revenue Code enacted after
17December 31, 1995, do not apply to this paragraph with respect to taxable years
18beginning after December 31, 1995, and before January 1, 1997, except that
19changes to the Internal Revenue Code made by P.L. 104-117, P.L. 104-188, excluding
20sections 1123, 1202, 1204, 1311, and 1605 of P.L. 104-188, P.L. 104-191, P.L.
21104-193, P.L. 105-33, P.L. 105-34, P.L. 105-206 and, P.L. 105-277, and P.L.
22106-554, excluding sections 162 and 165 of P.L. 106-554,
and changes that indirectly
23affect the provisions applicable to this subchapter made by P.L. 104-117, P.L.
24104-188, excluding sections 1123, 1202, 1204, 1311, and 1605 of P.L. 104-188, P.L.
25104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L. 105-206 and, P.L. 105-277,

1and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, apply for
2Wisconsin purposes at the same time as for federal purposes.
SB55-ASA1, s. 2130dj 3Section 2130dj. 71.01 (6) (L) of the statutes is amended to read:
SB55-ASA1,720,54 71.01 (6) (L) For taxable years that begin after December 31, 1996, and before
5January 1, 1998, for natural persons and fiduciaries, except fiduciaries of nuclear
6decommissioning trust or reserve funds, "Internal Revenue Code" means the federal
7Internal Revenue Code as amended to December 31, 1996, excluding sections 103,
8104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203
9(d) of P.L. 103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311 , and 1605 (d) of P.L.
10104-188, and as amended by P.L. 105-33, P.L. 105-34, P.L. 105-206, P.L. 105-277
11and, P.L. 106-36, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554,
12and as indirectly affected by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73,
13P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-280, P.L. 101-508, P.L. 102-90,
14P.L. 102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L.
15102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and
1613203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L.
17104-117, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
18(d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L.
19105-206, P.L. 105-277 and, P.L. 106-36, and P.L. 106-554, excluding sections 162
20and 165 of P.L. 106-554
. The Internal Revenue Code applies for Wisconsin purposes
21at the same time as for federal purposes. Amendments to the federal Internal
22Revenue Code enacted after December 31, 1996, do not apply to this paragraph with
23respect to taxable years beginning after December 31, 1996, and before
24January 1, 1998, except that changes to the Internal Revenue Code made by P.L.
25105-33, P.L. 105-34, P.L. 105-206, P.L. 105-277 and, P.L. 106-36, and P.L. 106-554,

1excluding sections 162 and 165 of P.L. 106-554,
and changes that indirectly affect the
2provisions applicable to this subchapter made by P.L. 105-33, P.L. 105-34, P.L.
3105-206, P.L. 105-277 and, P.L. 106-36, and P.L. 106-554, excluding sections 162
4and 165 of P.L. 106-554,
apply for Wisconsin purposes at the same time as for federal
5purposes.
SB55-ASA1, s. 2130dL 6Section 2130dL. 71.01 (6) (m) of the statutes is amended to read:
SB55-ASA1,721,97 71.01 (6) (m) For taxable years that begin after December 31, 1997, and before
8January 1, 1999, for natural persons and fiduciaries, except fiduciaries of nuclear
9decommissioning trust or reserve funds, "Internal Revenue Code" means the federal
10Internal Revenue Code as amended to December 31, 1997, excluding sections 103,
11104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203
12(d) of P.L. 103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311 , and 1605 (d) of P.L.
13104-188, and as amended by P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36
14and, P.L. 106-170, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and
15P.L. 106-573
, and as indirectly affected by P.L. 99-514, P.L. 100-203, P.L. 100-647,
16P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-280, P.L. 101-508,
17P.L. 102-90, P.L. 102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L.
18102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d),
1913174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L.
20104-7, P.L. 104-117, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
211311, and 1605 (d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L.
22105-34, P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36 and, P.L. 106-170,
23P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573
. The
24Internal Revenue Code applies for Wisconsin purposes at the same time as for federal
25purposes. Amendments to the federal Internal Revenue Code enacted after

1December 31, 1997, do not apply to this paragraph with respect to taxable years
2beginning after December 31, 1997, and before January 1, 1999, except that
3changes to the Internal Revenue Code made by P.L. 105-178, P.L. 105-206, P.L.
4105-277, P.L. 106-36 and, P.L. 106-170, P.L. 106-554, excluding sections 162 and
5165 of P.L. 106-554, and P.L. 106-573
and changes that indirectly affect the
6provisions applicable to this subchapter made by P.L. 105-178, P.L. 105-206, P.L.
7105-277, P.L. 106-36 and, P.L. 106-170, P.L. 106-554, excluding sections 162 and
8165 of P.L. 106-554, and P.L. 106-573
apply for Wisconsin purposes at the same time
9as for federal purposes.
SB55-ASA1, s. 2130dn 10Section 2130dn. 71.01 (6) (n) of the statutes is amended to read:
SB55-ASA1,722,1211 71.01 (6) (n) For taxable years that begin after December 31, 1998, and before
12January 1, 2000, for natural persons and fiduciaries, except fiduciaries of nuclear
13decommissioning trust or reserve funds, "Internal Revenue Code" means the federal
14Internal Revenue Code as amended to December 31, 1998, excluding sections 103,
15104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203
16(d) of P.L. 103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311 , and 1605 (d) of P.L.
17104-188, and as amended by P.L. 106-36 and, P.L. 106-170, P.L. 106-230, P.L.
18106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573
, and as
19indirectly affected by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L.
20101-140, P.L. 101-179, P.L. 101-239, P.L. 101-280, P.L. 101-508, P.L. 102-90, P.L.
21102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L.
22102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and
2313203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L.
24104-117, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
25(d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L.

1105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36 and, P.L. 106-170, P.L. 106-230,
2P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573
. The
3Internal Revenue Code applies for Wisconsin purposes at the same time as for federal
4purposes. Amendments to the federal Internal Revenue Code enacted after
5December 31, 1998, do not apply to this paragraph with respect to taxable years
6beginning after December 31, 1998, and before January 1, 2000, except that
7changes to the Internal Revenue Code made by P.L. 106-36 and, P.L. 106-170, P.L.
8106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
9106-573
and changes that indirectly affect the provisions applicable to this
10subchapter made by P.L. 106-36 and, P.L. 106-170, P.L. 106-230, P.L. 106-554,
11excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573
apply for Wisconsin
12purposes at the same time as for federal purposes.
SB55-ASA1, s. 2130dp 13Section 2130dp. 71.01 (6) (o) of the statutes is amended to read:
SB55-ASA1,723,1414 71.01 (6) (o) For taxable years that begin after December 31, 1999, and before
15January 1, 2001,
for natural persons and fiduciaries, except fiduciaries of nuclear
16decommissioning trust or reserve funds, "Internal Revenue Code" means the federal
17Internal Revenue Code as amended to December 31, 1999, excluding sections 103,
18104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203
19(d) of P.L. 103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311 , and 1605 (d) of P.L.
20104-188, and as amended by P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding
21sections 162 and 165 of P.L. 106-554, and P.L. 106-573
, and as indirectly affected by
22P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179,
23P.L. 101-239, P.L. 101-280, P.L. 101-508, P.L. 102-90, P.L. 102-227, excluding
24sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66,
25excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66,

1P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-117, P.L. 104-188,
2excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L.
3104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L. 105-206, P.L.
4105-277, P.L. 106-36 and, P.L. 106-170, P.L. 106-200, P.L. 106-230, P.L. 106-554,
5excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573
. The Internal
6Revenue Code applies for Wisconsin purposes at the same time as for federal
7purposes. Amendments to the federal Internal Revenue Code enacted after
8December 31, 1999, do not apply to this paragraph with respect to taxable years
9beginning after December 31, 1999, and before January 1, 2001, except that changes
10to the Internal Revenue Code made by P.L. 106-200, P.L. 106-230, P.L. 106-554,
11excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573 and changes that
12indirectly affect the provisions applicable to this subchapter made by P.L. 106-200,
13P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
14106-573 apply for Wisconsin purposes at the same time as for federal purposes
.
SB55-ASA1, s. 2130dr 15Section 2130dr. 71.01 (6) (p) of the statutes is created to read:
SB55-ASA1,724,916 71.01 (6) (p) For taxable years that begin after December 31, 2000, for natural
17persons and fiduciaries, except fiduciaries of nuclear decommissioning trust or
18reserve funds, "Internal Revenue Code" means the federal Internal Revenue Code
19as amended to December 31, 2000, excluding sections 103, 104, and 110 of P.L.
20102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66
21and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, and as
22indirectly affected by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L.
23101-140, P.L. 101-179, P.L. 101-239, P.L. 101-280, P.L. 101-508, P.L. 102-90, P.L.
24102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L.
25102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and

113203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L.
2104-117, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
3(d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L.
4105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L. 106-200, P.L.
5106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
6106-573. The Internal Revenue Code applies for Wisconsin purposes at the same
7time as for federal purposes. Amendments to the federal Internal Revenue Code
8enacted after December 31, 2000, do not apply to this paragraph with respect to
9taxable years beginning after December 31, 2000.
SB55-ASA1, s. 2130dt 10Section 2130dt. 71.01 (7r) of the statutes is amended to read:
SB55-ASA1,724,1811 71.01 (7r) Notwithstanding sub. (6), for purposes of computing amortization
12or depreciation, "Internal Revenue Code" means either the federal Internal Revenue
13Code as amended to December 31, 1999 2000, or the federal Internal Revenue Code
14in effect for the taxable year for which the return is filed, except that property that,
15under s. 71.02 (2) (d) 12., 1985 stats., is required to be depreciated for taxable year
161986 under the Internal Revenue Code as amended to December 31, 1980, shall
17continue to be depreciated under the Internal Revenue Code as amended to
18December 31, 1980.
SB55-ASA1, s. 1144 19Section 1144. 71.04 (4) of the statutes is renumbered 71.04 (4) (intro.) and
20amended to read:
SB55-ASA1,725,1421 71.04 (4) Nonresident allocation and apportionment formula. (intro.)
22Nonresident individuals and nonresident estates and trusts engaged in business
23within and without the state shall be taxed only on such income as is derived from
24business transacted and property located within the state. The amount of such
25income attributable to Wisconsin may be determined by an allocation and separate

1accounting thereof, when the business of such nonresident individual or nonresident
2estate or trust within the state is not an integral part of a unitary business, but the
3department of revenue may permit an allocation and separate accounting in any case
4in which it is satisfied that the use of such method will properly reflect the income
5taxable by this state. In all cases in which allocation and separate accounting is not
6permissible, the determination shall be made in the following manner: for all
7businesses except air carriers, financial organizations, pipeline companies, public
8utilities, railroads, sleeping car companies and car line companies there shall first
9be deducted from the total net income of the taxpayer the part thereof (less related
10expenses, if any) that follows the situs of the property or the residence of the
11recipient. The remaining net income shall be apportioned to Wisconsin this state by
12use of an apportionment fraction composed of a sales factor representing 50% of the
13fraction, a property factor representing 25% of the fraction and a payroll factor
14representing 25% of the fraction.
the following:
SB55-ASA1, s. 1145 15Section 1145. 71.04 (4) (a) of the statutes is created to read:
SB55-ASA1,725,1916 71.04 (4) (a) For taxable years beginning before January 1, 2004, an
17apportionment fraction composed of a sales factor under sub. (7) representing 50%
18of the fraction, a property factor under sub. (5) representing 25% of the fraction, and
19a payroll factor under sub. (6) representing 25% of the fraction.
SB55-ASA1, s. 1146 20Section 1146. 71.04 (4) (b) of the statutes is created to read:
SB55-ASA1,725,2421 71.04 (4) (b) For taxable years beginning after December 31, 2003, and before
22January 1, 2005, an apportionment fraction composed of a sales factor under sub. (7)
23representing 60% of the fraction, a property factor under sub. (5) representing 20%
24of the fraction, and a payroll factor under sub. (6) representing 20% of the fraction.
SB55-ASA1, s. 1147 25Section 1147. 71.04 (4) (c) of the statutes is created to read:
SB55-ASA1,726,4
171.04 (4) (c) For taxable years beginning after December 31, 2004, and before
2January 1, 2006, an apportionment fraction composed of a sales factor under sub. (7)
3representing 80% of the fraction, a property factor under sub. (5) representing 10%
4of the fraction, and a payroll factor under sub. (6) representing 10% of the fraction.
SB55-ASA1, s. 1148 5Section 1148. 71.04 (4) (d) of the statutes is created to read:
SB55-ASA1,726,76 71.04 (4) (d) For taxable years beginning after December 31, 2005, an
7apportionment fraction composed of the sales factor under sub. (7).
SB55-ASA1, s. 1149 8Section 1149. 71.04 (4) (e) of the statutes is created to read:
SB55-ASA1,726,159 71.04 (4) (e) For taxable years beginning after December 31, 2003, and before
10January 1, 2006, the apportionment fraction for the remaining net income of a
11financial organization shall include a sales factor that represents more than 50% of
12the apportionment fraction, as determined by rule by the department. For taxable
13years beginning after December 31, 2005, the apportionment fraction for the
14remaining net income of a financial organization is composed of a sales factor, as
15determined by rule by the department.
SB55-ASA1, s. 2136m 16Section 2136m. 71.04 (4m) of the statutes is created to read:
SB55-ASA1,726,2117 71.04 (4m) Apportionment formula computation. (a) 1. For taxable years
18beginning before January 1, 2006, if both the numerator and the denominator of the
19sales factor under sub. (7) related to a taxpayer's remaining net income are zero, the
20sales factor under sub. (7) is eliminated from the apportionment formula to
21determine the taxpayer's remaining net income under sub. (4).
SB55-ASA1,726,2522 2. For taxable years beginning after December 31, 2005, if both the numerator
23and the denominator of the sales factor under sub. (7) related to a taxpayer's
24remaining net income are zero, none of the taxpayer's remaining net income is
25apportioned to this state.
SB55-ASA1,727,4
1(b) 1. For taxable years beginning before January 1, 2006, if the numerator of
2the sales factor under sub. (7) related to a taxpayer's remaining net income is a
3negative number and the denominator of the sales factor under sub. (7) related to a
4taxpayer's remaining net income is not zero, the sales factor under sub. (7) is zero.
SB55-ASA1,727,95 2. For taxable years beginning after December 31, 2005, if the numerator of the
6sales factor under sub. (7) related to a taxpayer's remaining net income is a negative
7number and the denominator of the sales factor under sub. (7) related to a taxpayer's
8remaining net income is not zero, none of the taxpayer's remaining net income is
9apportioned to this state.
SB55-ASA1,727,1410 (c) 1. For taxable years beginning before January 1, 2006, if the numerator of
11the sales factor under sub. (7) related to a taxpayer's remaining net income is a
12positive number and the denominator of the sales factor under sub. (7) related to a
13taxpayer's remaining net income is zero or a negative number, the sales factor under
14sub. (7) is one.
SB55-ASA1,727,1915 2. For taxable years beginning after December 31, 2005, if the numerator of the
16sales factor under sub. (7) related to a taxpayer's remaining net income is a positive
17number and the denominator of the sales factor under sub. (7) related to a taxpayer's
18remaining net income is zero or a negative number, all of the taxpayer's remaining
19net income is apportioned to this state.
SB55-ASA1, s. 1150 20Section 1150. 71.04 (5) (intro.) of the statutes is amended to read:
SB55-ASA1,727,2221 71.04 (5) Property factor. (intro.) For purposes of sub. (4) and for taxable
22years beginning before January 1, 2006
:
SB55-ASA1, s. 1151 23Section 1151. 71.04 (6) (intro.) of the statutes is amended to read:
SB55-ASA1,727,2524 71.04 (6) Payroll factor. (intro.) For purposes of sub. (4) and for taxable years
25beginning before January 1, 2006
:
SB55-ASA1, s. 1152
1Section 1152. 71.04 (7) (d) of the statutes is amended to read:
SB55-ASA1,728,92 71.04 (7) (d) Sales, other than sales of tangible personal property, are in this
3state if the income-producing activity is performed in this state. If the
4income-producing activity is performed both in and outside this state the sales shall
5be divided between those states having jurisdiction to tax such business in
6proportion to the direct costs of performance incurred in each such state in rendering
7this service. Services performed in states which do not have jurisdiction to tax the
8business shall be deemed to have been performed in the state to which compensation
9is allocated by sub. s. 71.04 (6) , 1999 stats.
SB55-ASA1, s. 1153 10Section 1153. 71.04 (8) (b) of the statutes is renumbered 71.04 (8) (b) 1. and
11amended to read:
SB55-ASA1,728,1812 71.04 (8) (b) 1. "Public For taxable years beginning before January 1, 2004,
13"public
utility", as used in this section, means any business entity described under
14subd. 2. and
any business entity which owns or operates any plant, equipment,
15property, franchise, or license for the transmission of communications or the
16production, transmission, sale, delivery, or furnishing of electricity, water or steam,
17the rates of charges for goods or services of which have been established or approved
18by a federal, state or local government or governmental agency. " Public
SB55-ASA1,728,24 192. In this section, for taxable years beginning after December 31, 2003, "public
20utility" also means any business entity providing service to the public and engaged
21in the transportation of goods and persons for hire, as defined in s. 194.01 (4),
22regardless of whether or not the entity's rates or charges for services have been
23established or approved by a federal, state or local government or governmental
24agency.
SB55-ASA1, s. 1154 25Section 1154. 71.04 (8) (c) of the statutes is amended to read:
SB55-ASA1,729,5
171.04 (8) (c) The net business income of railroads, sleeping car companies, car
2line companies, pipeline companies, financial organizations, air carriers and public
3utilities requiring apportionment shall be apportioned pursuant to rules of the
4department of revenue, but the income taxed is limited to the income derived from
5business transacted and property located within the state.
SB55-ASA1, s. 1155 6Section 1155. 71.04 (10) of the statutes is amended to read:
SB55-ASA1,729,177 71.04 (10) Department may waive factor. Where, in the case of any nonresident
8individual or nonresident estate or trust engaged in business within in and without
9the
outside this state of Wisconsin and required to apportion its income as provided
10in this section, it shall be shown to the satisfaction of the department of revenue that
11the use of any one of the 3 factors provided under sub. (4) gives an unreasonable or
12inequitable final average ratio because of the fact that such nonresident individual
13or nonresident estate or trust does not employ, to any appreciable extent in its trade
14or business in producing the income taxed, the factors made use of in obtaining such
15ratio, this factor may, with the approval of the department of revenue, be omitted in
16obtaining the final average ratio which is to be applied to the remaining net income.
17This subsection does not apply to taxable years beginning after December 31, 2005.
SB55-ASA1, s. 1156 18Section 1156. 71.05 (6) (a) 15. of the statutes is amended to read:
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