SB55-ASA1, s. 1191 11Section 1191. 71.28 (1dx) (a) 5. of the statutes is amended to read:
SB55-ASA1,798,2412 71.28 (1dx) (a) 5. "Member of a targeted group" means a person under sub. (2dj)
13(am) 1.,
a person who resides in an empowerment zone, or an enterprise community,
14that the U.S. government designates, a person who is employed in an unsubsidized
15job but meets the eligibility requirements under s. 49.145 (2) and (3) for a Wisconsin
16works employment position, a person who is employed in a trial job, as defined in s.
1749.141 (1) (n), or a person who is eligible for child care assistance under s. 49.155, a
18person who is a vocational rehabilitation referral, an economically disadvantaged
19youth, an economically disadvantaged veteran, a supplemental security income
20recipient, a general assistance recipient, an economically disadvantaged ex-convict,
21a qualified summer youth employee, as defined in 26 USC 51 (d) (7), a dislocated
22worker, as defined in 29 USC 2801 (9), or a food stamp recipient
; if the person has
23been certified in the manner under sub. (1dj) (am) 3. by a designated local agency,
24as defined in sub. (1dj) (am) 2.
SB55-ASA1, s. 1192 25Section 1192. 71.28 (3g) of the statutes is created to read:
SB55-ASA1,799,4
171.28 (3g) Technology zones credit. (a) Subject to the limitations under this
2subsection and ss. 73.03 (35m) and 560.96, a business that is certified under s. 560.96
3(3) may claim as a credit against the taxes imposed under s. 71.23 an amount equal
4to the sum of the following, as established under s. 560.96 (3) (c):
SB55-ASA1,799,65 1. The amount of real and personal property taxes imposed under s. 70.01 that
6the business paid in the taxable year.
SB55-ASA1,799,87 2. The amount of income and franchise taxes imposed under s. 71.23 that the
8business paid in the taxable year.
SB55-ASA1,799,109 3. The amount of sales and use taxes imposed under ss. 77.52, 77.53, and 77.71
10that the business paid in the taxable year.
SB55-ASA1,799,1211 (b) The department of revenue shall notify the department of commerce of all
12claims under this subsection.
SB55-ASA1,799,1413 (c) Subsection (4) (e), (f), (g), and (h), as it applies to the credit under sub. (4),
14applies to the credit under par. (a).
SB55-ASA1,799,2215 (d) Partnerships, limited liability companies, and tax-option corporations may
16not claim the credit under this subsection, but the eligibility for, and the amount of,
17the credit are based on their payment of amounts under par. (a). A partnership,
18limited liability company, or tax-option corporation shall compute the amount of
19credit that each of its partners, members, or shareholders may claim and shall
20provide that information to each of them. Partners, members of limited liability
21companies, and shareholders of tax-option corporations may claim the credit in
22proportion to their ownership interest.
SB55-ASA1, s. 1193 23Section 1193. 71.30 (3) (emb) of the statutes is created to read:
SB55-ASA1,799,2524 71.30 (3) (emb) Development zone capital investment credit under s. 71.28
25(1dm).
SB55-ASA1, s. 1194
1Section 1194. 71.30 (3) (eon) of the statutes is created to read:
SB55-ASA1,800,22 71.30 (3) (eon) Technology zones credit under s. 71.28 (3g).
SB55-ASA1, s. 1195 3Section 1195. 71.34 (1) (g) of the statutes is amended to read:
SB55-ASA1,800,64 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), (1dm), (1ds), (1dx) and, (3),
6and (3g)
and passed through to shareholders.
SB55-ASA1, s. 2182d 7Section 2182d. 71.34 (1g) (g) of the statutes is repealed.
SB55-ASA1, s. 2182db 8Section 2182db. 71.34 (1g) (h) of the statutes is amended to read:
SB55-ASA1,801,139 71.34 (1g) (h) "Internal Revenue Code" for tax-option corporations, for taxable
10years that begin after December 31, 1992, and before January 1, 1994, means the
11federal Internal Revenue Code as amended to December 31, 1992, excluding
12sections 103, 104 and 110 of P.L. 102-227, and as amended by P.L. 103-66, excluding
13sections 13101 (a) and (c) 1, 13113, 13150, 13171, 13174, and 13203 of P.L. 103-66,
14P.L. 103-465, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L. 105-34, P.L.
15105-206 and, P.L. 105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L.
16106-554
, and as indirectly affected in the provisions applicable to this subchapter
17by P.L. 99-514, P.L. 100-203, P.L. 100-647 excluding sections 803 (d) (2) (B), 805 (d)
18(2), 812 (c) (2), 821 (b) (2), and 823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of P.L.
19100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L.
20102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L.
21102-486, P.L. 103-66, excluding sections 13101 (a) and (c) 1, 13113, 13150, 13171,
2213174, and 13203 of P.L. 103-66, P.L. 103-465, P.L. 104-188, excluding section 1311
23of P.L. 104-188, P.L. 105-34, P.L. 105-206 and, P.L. 105-277, and P.L. 106-554,
24excluding sections 162 and 165 of P.L. 106-554
, except that section 1366 (f) (relating
25to pass-through of items to shareholders) is modified by substituting the tax under

1s. 71.35 for the taxes under sections 1374 and 1375. The Internal Revenue Code
2applies for Wisconsin purposes at the same time as for federal purposes.
3Amendments to the federal Internal Revenue Code enacted after
4December 31, 1992, do not apply to this paragraph with respect to taxable years
5beginning after December 31, 1992, and before January 1, 1994, except that
6changes to the Internal Revenue Code made by P.L. 103-66, P.L. 103-465, P.L.
7104-188, excluding section 1311 of P.L. 104-188, P.L. 105-34, P.L. 105-206 and, P.L.
8105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and
9changes that indirectly affect the provisions applicable to this subchapter made by
10P.L. 103-66, P.L. 103-465, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L.
11105-34, P.L. 105-206 and, P.L. 105-277, and P.L. 106-554, excluding sections 162
12and 165 of P.L. 106-554,
apply for Wisconsin purposes at the same time as for federal
13purposes.
SB55-ASA1, s. 2182dc 14Section 2182dc. 71.34 (1g) (i) of the statutes is amended to read:
SB55-ASA1,802,2315 71.34 (1g) (i) "Internal Revenue Code" for tax-option corporations, for taxable
16years that begin after December 31, 1993, and before January 1, 1995, means the
17federal Internal Revenue Code as amended to December 31, 1993, excluding
18sections 103, 104, and 110 of P.L. 102-227 and sections 13113, 13150 (d), 13171 (d),
1913174, 13203 (d), and 13215 of P.L. 103-66, and as amended by P.L. 103-296, P.L.
20103-337, P.L. 103-465, P.L. 104-7, excluding section 1 of P.L. 104-7, P.L. 104-188,
21excluding section 1311 of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-34, P.L.
22105-206 and, P.L. 105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L.
23106-554
, and as indirectly affected in the provisions applicable to this subchapter
24by P.L. 99-514, P.L. 100-203, P.L. 100-647 excluding sections 803 (d) (2) (B), 805 (d)
25(2), 812 (c) (2), 821 (b) (2), and 823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of P.L.

1100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L.
2102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L.
3102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, 13203
4(d), and 13215 of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7,
5excluding section 1 of P.L. 104-7, P.L. 104-188, excluding section 1311 of P.L.
6104-188, P.L. 104-191, P.L. 104-193, P.L. 105-34, P.L. 105-206 and, P.L. 105-277,
7and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554
, except that section
81366 (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 applies for Wisconsin purposes at the same time as for federal
11purposes. Amendments to the federal Internal Revenue Code enacted after
12December 31, 1993, do not apply to this paragraph with respect to taxable years
13beginning after December 31, 1993, and before January 1, 1995, except that
14changes to the Internal Revenue Code 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, P.L. 105-34, P.L. 105-206
17and, P.L. 105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554,
18and changes that indirectly affect the provisions applicable to this subchapter made
19by P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, excluding section 1 of P.L.
20104-7, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L. 104-191, P.L.
21104-193, P.L. 105-34, P.L. 105-206 and, P.L. 105-277, and P.L. 106-554, excluding
22sections 162 and 165 of P.L. 106-554,
apply for Wisconsin purposes at the same time
23as for federal purposes.
SB55-ASA1, s. 2182dd 24Section 2182dd. 71.34 (1g) (j) of the statutes is amended to read:
SB55-ASA1,804,6
171.34 (1g) (j) "Internal Revenue Code" for tax-option corporations, for taxable
2years that begin after December 31, 1994, and before January 1, 1996, means the
3federal Internal Revenue Code as amended to December 31, 1994, excluding
4sections 103, 104, and 110 of P.L. 102-227 and sections 13113, 13150 (d), 13171 (d),
513174, and 13203 (d) of P.L. 103-66, and as amended by P.L. 104-7, P.L. 104-188,
6excluding sections 1202, 1204, 1311, and 1605 of P.L. 104-188, P.L. 104-191, P.L.
7104-193, P.L. 105-34, P.L. 105-206 and, P.L. 105-277, and P.L. 106-554, excluding
8sections 162 and 165 of P.L. 106-554
, and as indirectly affected in the provisions
9applicable to this subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647 excluding
10sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2), and 823 (c) (2) of P.L. 99-514
11and section 1008 (g) (5) of P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L.
12101-239, P.L. 101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L.
13102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150
14(d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L.
15103-465, P.L. 104-7, P.L. 104-188, excluding sections 1202, 1204, 1311, and 1605 of
16P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-34, P.L. 105-206 and, P.L.
17105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, except
18that section 1366 (f) (relating to pass-through of items to shareholders) is modified
19by substituting the tax under s. 71.35 for the taxes under sections 1374 and 1375.
20The Internal Revenue Code applies for Wisconsin purposes at the same time as for
21federal purposes. Amendments to the federal Internal Revenue Code enacted after
22December 31, 1994, do not apply to this paragraph with respect to taxable years
23beginning after December 31, 1994, and before January 1, 1996, except changes to
24the Internal Revenue Code made by P.L. 104-7, P.L. 104-188, excluding sections
251202, 1204, 1311, and 1605 of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-34,

1P.L. 105-206 and, P.L. 105-277, and P.L. 106-554, excluding sections 162 and 165
2of P.L. 106-554,
and changes that indirectly affect the provisions applicable to this
3subchapter made by P.L. 104-7, P.L. 104-188, excluding sections 1202, 1204, 1311
4and 1605 of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-34, P.L. 105-206 and,
5P.L. 105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554,
6apply for Wisconsin purposes at the same time as for federal purposes.
SB55-ASA1, s. 2182de 7Section 2182de. 71.34 (1g) (k) of the statutes is amended to read:
SB55-ASA1,805,148 71.34 (1g) (k) "Internal Revenue Code" for tax-option corporations, for taxable
9years that begin after December 31, 1995, and before January 1, 1997, means the
10federal Internal Revenue Code as amended to December 31, 1995, excluding
11sections 103, 104, and 110 of P.L. 102-227 and sections 13113, 13150 (d), 13171 (d),
1213174, and 13203 (d) of P.L. 103-66, and as amended by P.L. 104-188, excluding
13sections 1123, 1202, 1204, 1311, and 1605 of P.L. 104-188, P.L. 104-191, P.L.
14104-193, P.L. 105-33, P.L. 105-34, P.L. 105-206 and, P.L. 105-277, and P.L.
15106-554, excluding sections 162 and 165 of P.L. 106-554
, and as indirectly affected
16in the provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203, P.L.
17100-647 excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2), and 823
18(c) (2) of P.L. 99-514 and section 1008 (g) (5) of P.L. 100-647, P.L. 101-73, P.L.
19101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections
20103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding
21sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L.
22103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188, excluding sections
231123, 1202, 1204, 1311, and 1605 of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L.
24105-33, P.L. 105-34, P.L. 105-206 and, P.L. 105-277, and P.L. 106-554, excluding
25sections 162 and 165 of P.L. 106-554
, except that section 1366 (f) (relating to

1pass-through of items to shareholders) is modified by substituting the tax under s.
271.35 for the taxes under sections 1374 and 1375. The Internal Revenue Code applies
3for Wisconsin purposes at the same time as for federal purposes. Amendments to the
4federal Internal Revenue Code enacted after December 31, 1995, do not apply to this
5paragraph with respect to taxable years beginning after December 31, 1995, and
6before January 1, 1997, except that changes to the Internal Revenue Code made by
7P.L. 104-188, excluding sections 1123, 1202, 1204, 1311, and 1605 of P.L. 104-188,
8P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L. 105-206 and, P.L.
9105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and
10changes that indirectly affect the provisions applicable to this subchapter made by
11P.L. 104-188, excluding sections 1123, 1202, 1204, 1311, and 1605 of P.L. 104-188,
12P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L. 105-206 and, P.L.
13105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, apply for
14Wisconsin purposes at the same time as for federal purposes.
SB55-ASA1, s. 2182df 15Section 2182df. 71.34 (1g) (L) of the statutes is amended to read:
SB55-ASA1,806,2016 71.34 (1g) (L) "Internal Revenue Code" for tax-option corporations, for taxable
17years that begin after December 31, 1996, and before January 1, 1998, means the
18federal Internal Revenue Code as amended to December 31, 1996, excluding
19sections 103, 104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d),
2013174, and 13203 (d) of P.L. 103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311, and
211605 (d) of P.L. 104-188, and as amended by P.L. 105-33, P.L. 105-34, P.L. 105-206,
22P.L. 105-277 and, P.L. 106-36, and P.L. 106-554, excluding sections 162 and 165 of
23P.L. 106-554
, and as indirectly affected in the provisions applicable to this
24subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647 excluding sections 803 (d) (2)
25(B), 805 (d) (2), 812 (c) (2), 821 (b) (2), and 823 (c) (2) of P.L. 99-514 and section 1008

1(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.
2101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L.
3102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d),
413174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L.
5104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
6(d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L.
7105-206, P.L. 105-277 and, P.L. 106-36, and P.L. 106-554, excluding sections 162
8and 165 of P.L. 106-554
, except that section 1366 (f) (relating to pass-through of
9items to shareholders) is modified by substituting the tax under s. 71.35 for the taxes
10under sections 1374 and 1375. The Internal Revenue Code applies for Wisconsin
11purposes at the same time as for federal purposes. Amendments to the federal
12Internal Revenue Code enacted after December 31, 1996, do not apply to this
13paragraph with respect to taxable years beginning after December 31, 1996, and
14before January 1, 1998, except that changes to the Internal Revenue Code made by
15P.L. 105-33, P.L. 105-34, P.L. 105-206, P.L. 105-277 and , P.L. 106-36, 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. 105-33, P.L. 105-34,
18P.L. 105-206, P.L. 105-277 and, P.L. 106-36, and P.L. 106-554, excluding sections
19162 and 165 of P.L. 106-554,
apply for Wisconsin purposes at the same time as for
20federal purposes.
SB55-ASA1, s. 2182dg 21Section 2182dg. 71.34 (1g) (m) of the statutes is amended to read:
SB55-ASA1,808,222 71.34 (1g) (m) "Internal Revenue Code" for tax-option corporations, for taxable
23years that begin after December 31, 1997, and before January 1, 1999, means the
24federal Internal Revenue Code as amended to December 31, 1997, excluding sections
25103, 104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174, and

113203 (d) of P.L. 103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d)
2of P.L. 104-188, and as amended by P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L.
3106-36 and, P.L. 106-170, P.L. 106-554, excluding sections 162 and 165 of P.L.
4106-554, and P.L. 106-573
, and as indirectly affected in the provisions applicable to
5this subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647 excluding sections 803
6(d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2), and 823 (c) (2) of P.L. 99-514 and section
71008 (g) (5) of P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239,
8P.L. 101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L.
9102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d),
1013174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L.
11104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
12(d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L.
13105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36 and, P.L. 106-170, P.L. 106-554,
14excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573
, except that section
151366 (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 applies for Wisconsin purposes at the same time as for federal
18purposes. Amendments to the federal Internal Revenue Code enacted after
19December 31, 1997, do not apply to this paragraph with respect to taxable years
20beginning after December 31, 1997, and before January 1, 1999, except that
21changes to the Internal Revenue Code made by P.L. 105-178, P.L. 105-206, P.L.
22105-277, P.L. 106-36 and, P.L. 106-170, P.L. 106-554, excluding sections 162 and
23165 of P.L. 106-554, and P.L. 106-573
and changes that indirectly affect the
24provisions applicable to this subchapter made by P.L. 105-178, P.L. 105-206, P.L.
25105-277, P.L. 106-36 and, P.L. 106-170, P.L. 106-554, excluding sections 162 and

1165 of P.L. 106-554, and P.L. 106-573
apply for Wisconsin purposes at the same time
2as for federal purposes.
SB55-ASA1, s. 2182dh 3Section 2182dh. 71.34 (1g) (n) of the statutes is amended to read:
SB55-ASA1,809,84 71.34 (1g) (n) "Internal Revenue Code" for tax-option corporations, for taxable
5years that begin after December 31, 1998, and before January 1, 2000, means the
6federal Internal Revenue Code as amended to December 31, 1998, excluding sections
7103, 104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174, and
813203 (d) of P.L. 103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d)
9of P.L. 104-188, and as amended by P.L. 106-36 and, P.L. 106-170, P.L. 106-230, P.L.
10106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573
, and as
11indirectly affected in the provisions applicable to this subchapter by P.L. 99-514, P.L.
12100-203, P.L. 100-647, excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821
13(b) (2), and 823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of P.L. 100-647, P.L.
14101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227,
15excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L.
16103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
17103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188,
18excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L.
19104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L. 105-206, P.L.
20105-277, P.L. 106-36 and, P.L. 106-170, P.L. 106-230, P.L. 106-554, excluding
21sections 162 and 165 of P.L. 106-554, and P.L. 106-573
, except that section 1366 (f)
22(relating to pass-through of items to shareholders) is modified by substituting the
23tax under s. 71.35 for the taxes under sections 1374 and 1375. The Internal Revenue
24Code applies for Wisconsin purposes at the same time as for federal purposes.
25Amendments to the federal Internal Revenue Code enacted after December 31, 1998,

1do not apply to this paragraph with respect to taxable years beginning after
2December 31, 1998, and before January 1, 2000, except that changes to the Internal
3Revenue Code made by P.L. 106-36 and, P.L. 106-170, P.L. 106-230, P.L. 106-554,
4excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573
and changes that
5indirectly affect the provisions applicable to this subchapter made by P.L. 106-36
6and, P.L. 106-170, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L.
7106-554, and P.L. 106-573
apply for Wisconsin purposes at the same time as for
8federal purposes.
SB55-ASA1, s. 2182dj 9Section 2182dj. 71.34 (1g) (o) of the statutes is amended to read:
SB55-ASA1,810,1310 71.34 (1g) (o) "Internal Revenue Code" for tax-option corporations, for taxable
11years that begin after December 31, 1999, and before January 1, 2001, means the
12federal Internal Revenue Code as amended to December 31, 1999, excluding sections
13103, 104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174, and
1413203 (d) of P.L. 103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d)
15of P.L. 104-188, and as amended by P.L. 106-200, P.L. 106-230, P.L. 106-554,
16excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573
, and as indirectly
17affected in the provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203,
18P.L. 100-647, excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2), and
19823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of P.L. 100-647, P.L. 101-73, P.L.
20101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections
21103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding
22sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L.
23103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188, excluding sections
241123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L. 104-191, P.L.
25104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L.

1106-36 and, P.L. 106-170, P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding
2sections 162 and 165 of P.L. 106-554, and P.L. 106-573
, except that section 1366 (f)
3(relating to pass-through of items to shareholders) is modified by substituting the
4tax under s. 71.35 for the taxes under sections 1374 and 1375. The Internal Revenue
5Code applies for Wisconsin purposes at the same time as for federal purposes.
6Amendments to the federal Internal Revenue Code enacted after December 31, 1999,
7do not apply to this paragraph with respect to taxable years beginning after
8December 31, 1999, and before January 1, 2001, except that changes to the Internal
9Revenue Code made by P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding sections
10162 and 165 of P.L. 106-554, and P.L. 106-573 and changes that indirectly affect the
11provisions applicable to this subchapter made by P.L. 106-200, P.L. 106-230, P.L.
12106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573 apply for
13Wisconsin purposes at the same time as for federal purposes
.
SB55-ASA1, s. 2182dk 14Section 2182dk. 71.34 (1g) (p) of the statutes is created to read:
SB55-ASA1,811,1115 71.34 (1g) (p) "Internal Revenue Code" for tax-option corporations, for taxable
16years that begin after December 31, 2000, means the federal Internal Revenue Code
17as amended to December 31, 2000, excluding sections 103, 104, and 110 of P.L.
18102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66
19and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, 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 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.

1103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, 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, 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, except that section
61366 (f) (relating to pass-through of items to shareholders) is modified by
7substituting the tax under s. 71.35 for the taxes under sections 1374 and 1375. The
8Internal Revenue Code applies for Wisconsin purposes at the same time as for federal
9purposes. Amendments to the federal Internal Revenue Code enacted after
10December 31, 2000, do not apply to this paragraph with respect to taxable years
11beginning after December 31, 2000.
SB55-ASA1, s. 2182dL 12Section 2182dL. 71.365 (1m) of the statutes is amended to read:
SB55-ASA1,812,1313 71.365 (1m) Tax-option corporations; depreciation. A tax-option corporation
14may compute amortization and depreciation under either the federal Internal
15Revenue Code as amended to December 31, 1999 2000, or the federal Internal
16Revenue Code in effect for the taxable year for which the return is filed, except that
17property first placed in service by the taxpayer on or after January 1, 1983, but
18before January 1, 1987, that, under s. 71.04 (15) (b) and (br), 1985 stats., is required
19to be depreciated under the Internal Revenue Code as amended to
20December 31, 1980, and property first placed in service in taxable year 1981 or
21thereafter but before January 1, 1987, that, under s. 71.04 (15) (bm), 1985 stats., is
22required to be depreciated under the Internal Revenue Code as amended to
23December 31, 1980, shall continue to be depreciated under the Internal Revenue
24Code as amended to December 31, 1980. Any difference between the adjusted basis
25for federal income tax purposes and the adjusted basis under this chapter shall be

1taken into account in determining net income or loss in the year or years for which
2the gain or loss is reportable under this chapter. If that property was placed in
3service by the taxpayer during taxable year 1986 and thereafter but before the
4property is used in the production of income subject to taxation under this chapter,
5the property's adjusted basis and the depreciation or other deduction schedule are
6not required to be changed from the amount allowable on the owner's federal income
7tax returns for any year because the property is used in the production of income
8subject to taxation under this chapter. If that property was acquired in a transaction
9in taxable year 1986 or thereafter in which the adjusted basis of the property in the
10hands of the transferee is the same as the adjusted basis of the property in the hands
11of the transferor, the Wisconsin adjusted basis of that property on the date of transfer
12is the adjusted basis allowable under the Internal Revenue Code as defined for
13Wisconsin purposes for the property in the hands of the transferor.
SB55-ASA1, s. 2182dm 14Section 2182dm. 71.42 (2) (f) of the statutes is repealed.
SB55-ASA1, s. 2182dn 15Section 2182dn. 71.42 (2) (g) of the statutes is amended to read:
SB55-ASA1,813,1716 71.42 (2) (g) For taxable years that begin after December 31, 1992, and before
17January 1, 1994, "Internal Revenue Code" means the federal Internal Revenue Code
18as amended to December 31, 1992, excluding sections 103, 104 , and 110 of P.L.
19102-227, and as amended by P.L. 103-66, excluding sections 13101 (a) and (c) 1,
2013113, 13150, 13171, 13174, and 13203 of P.L. 103-66, P.L. 103-465, P.L. 104-188,
21excluding section 1311 of P.L. 104-188, P.L. 105-34, P.L. 105-206 and, P.L. 105-277,
22and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554
, and as indirectly
23affected by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L.
24101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections 103, 104, and
25110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections

113101 (a) and (c) 1, 13113, 13150, 13171, 13174, and 13203 of P.L. 103-66, P.L.
2103-465, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L. 105-34, P.L.
3105-206 and P.L. 105-277and, P.L. 105-277, and P.L. 106-554, excluding sections
4162 and 165 of P.L. 106-554
, except that "Internal Revenue Code" does not include
5section 847 of the federal Internal Revenue Code. The Internal Revenue Code
6applies for Wisconsin purposes at the same time as for federal purposes.
7Amendments to the federal Internal Revenue Code enacted after
8December 31, 1992, do not apply to this paragraph with respect to taxable years
9beginning after December 31, 1992, and before January 1, 1994, except that
10changes to the Internal Revenue Code made by P.L. 103-66, P.L. 103-465, P.L.
11104-188, excluding section 1311 of P.L. 104-188, P.L. 105-34, P.L. 105-206 and, P.L.
12105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and
13changes that indirectly affect the federal Internal Revenue Code made by P.L.
14103-66, P.L. 103-465, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L.
15105-34, P.L. 105-206 and, P.L. 105-277, and P.L. 106-554, excluding sections 162
16and 165 of P.L. 106-554,
apply for Wisconsin purposes at the same time as for federal
17purposes.
SB55-ASA1, s. 2182dp 18Section 2182dp. 71.42 (2) (h) of the statutes is amended to read:
SB55-ASA1,814,2419 71.42 (2) (h) For taxable years that begin after December 31, 1993, and before
20January 1, 1995, "Internal Revenue Code" means the federal Internal Revenue Code
21as amended to December 31, 1993 excluding sections 103, 104, and 110 of P.L.
22102-227 and sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d) , and 13215 of P.L.
23103-66, and as amended by P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7,
24excluding section 1 of P.L. 104-7, P.L. 104-188, excluding section 1311 of P.L.
25104-188, P.L. 104-191, P.L. 104-193, 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
, and as indirectly
2affected by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L.
3101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections 103, 104, and
4110 of P.L. 102-227, P.L. 102-318, P.L. 102-486 and P.L. 103-66, excluding sections
513113, 13150 (d), 13171 (d), 13174, 13203 (d), and 13215 of P.L. 103-66, P.L. 103-296,
6P.L. 103-337, P.L. 103-465, P.L. 104-7, excluding section 1 of P.L. 104-7, P.L.
7104-188, excluding section 1311 of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L.
8105-34, P.L. 105-206 and, P.L. 105-277, and P.L. 106-554, excluding sections 162
9and 165 of P.L. 106-554
, except that "Internal Revenue Code" does not include
10section 847 of the federal Internal Revenue Code. The Internal Revenue Code
11applies for Wisconsin purposes at the same time as for federal purposes.
12Amendments to the federal Internal Revenue Code enacted after
13December 31, 1993, do not apply to this paragraph with respect to taxable years
14beginning after December 31, 1993, and before January 1, 1995, except that
15changes to the Internal Revenue Code made by P.L. 103-296, P.L. 103-337, P.L.
16103-465, P.L. 104-7, excluding section 1 of P.L. 104-7, P.L. 104-188, excluding
17section 1311 of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-34, P.L. 105-206
18and, P.L. 105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554,
19and changes that indirectly affect the provisions applicable to this subchapter made
20by P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, excluding section 1 of P.L.
21104-7, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L. 104-191, P.L.
22104-193, P.L. 105-34, P.L. 105-206 and, P.L. 105-277, and P.L. 106-554, excluding
23sections 162 and 165 of P.L. 106-554,
apply for Wisconsin purposes at the same time
24as for federal purposes.
SB55-ASA1, s. 2182dq 25Section 2182dq. 71.42 (2) (i) of the statutes is amended to read:
SB55-ASA1,816,3
171.42 (2) (i) For taxable years that begin after December 31, 1994, and before
2January 1, 1996, "Internal Revenue Code" means the federal Internal Revenue Code
3as amended to December 31, 1994, excluding sections 103, 104 , and 110 of P.L.
4102-227 and sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
5103-66, and as amended by P.L. 104-7, P.L. 104-188, excluding sections 1202, 1204,
61311, and 1605 of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-34, P.L.
7105-206 and, P.L. 105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L.
8106-554
, and as indirectly affected by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L.
9101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227,
10excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L.
11103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
12103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188,
13excluding sections 1202, 1204, 1311, and 1605 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
, except that "Internal Revenue Code" does not
16include section 847 of the federal Internal Revenue Code. The Internal Revenue
17Code applies for Wisconsin purposes at the same time as for federal purposes.
18Amendments to the federal Internal Revenue Code enacted after
19December 31, 1994, do not apply to this paragraph with respect to taxable years
20beginning after December 31, 1994, and before January 1, 1996, except that
21changes to the Internal Revenue Code made by P.L. 104-7, P.L. 104-188, excluding
22sections 1202, 1204, 1311, and 1605 of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L.
23105-34, P.L. 105-206 and, P.L. 105-277, and P.L. 106-554, excluding sections 162
24and 165 of P.L. 106-554,
and changes that indirectly affect the provisions applicable
25to this subchapter made by P.L. 104-7, P.L. 104-188, excluding sections 1202, 1204,

11311, and 1605 of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-34, P.L.
2105-206 and, P.L. 105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L.
3106-554,
apply for Wisconsin purposes at the same time as for federal purposes.
SB55-ASA1, s. 2182dr 4Section 2182dr. 71.42 (2) (j) of the statutes is amended to read:
SB55-ASA1,817,85 71.42 (2) (j) For taxable years that begin after December 31, 1995, and before
6January 1, 1997, "Internal Revenue Code" means the federal Internal Revenue Code
7as amended to December 31, 1995, excluding sections 103, 104 , and 110 of P.L.
8102-227 and sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
9103-66, and as amended by P.L. 104-188, excluding sections 1123, 1202, 1204, 1311,
10and 1605 of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L.
11105-206 and, P.L. 105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L.
12106-554
, and as indirectly affected by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L.
13101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227,
14excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L.
15103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
16103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188,
17excluding sections 1123, 1202, 1204, 1311, and 1605 of P.L. 104-188, P.L. 104-191,
18P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L. 105-206 and , P.L. 105-277, and P.L.
19106-554, excluding sections 162 and 165 of P.L. 106-554
, except that "Internal
20Revenue Code" does not include section 847 of the federal Internal Revenue Code.
21The Internal Revenue Code applies for Wisconsin purposes at the same time as for
22federal purposes. Amendments to the federal Internal Revenue Code enacted after
23December 31, 1995, do not apply to this paragraph with respect to taxable years
24beginning after December 31, 1995, and before January 1, 1997, except that
25changes to the Internal Revenue Code made by P.L. 104-188, excluding sections

11123, 1202, 1204, 1311, and 1605 of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L.
2105-33, P.L. 105-34, P.L. 105-206 and, P.L. 105-277, and P.L. 106-554, excluding
3sections 162 and 165 of P.L. 106-554
, and changes that indirectly affect the
4provisions applicable to this subchapter made by P.L. 104-188, excluding sections
51123, 1202, 1204, 1311, and 1605 of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L.
6105-33, P.L. 105-34, P.L. 105-206 and, P.L. 105-277, and P.L. 106-554, excluding
7sections 162 and 165 of P.L. 106-554,
apply for Wisconsin purposes at the same time
8as for federal purposes.
SB55-ASA1, s. 2182ds 9Section 2182ds. 71.42 (2) (k) of the statutes is amended to read:
SB55-ASA1,818,1010 71.42 (2) (k) For taxable years that begin after December 31, 1996, and before
11January 1, 1998, "Internal Revenue Code" means the federal Internal Revenue Code
12as amended to December 31, 1996, excluding sections 103, 104 , and 110 of P.L.
13102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66
14and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, and as
15amended by P.L. 105-33, P.L. 105-34, P.L. 105-206, P.L. 105-277 and, P.L. 106-36,
16and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554
, and as indirectly
17affected by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L.
18101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections 103, 104, and
19110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections
2013113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L.
21103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188, excluding sections 1123 (b), 1202
22(c) 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L.
23105-33, P.L. 105-34, P.L. 105-206, P.L. 105-277 and, P.L. 106-36, and P.L. 106-554,
24excluding sections 162 and 165 of P.L. 106-554
, except that "Internal Revenue Code"
25does not include section 847 of the federal Internal Revenue Code. The Internal

1Revenue Code applies for Wisconsin purposes at the same time as for federal
2purposes. Amendments to the federal Internal Revenue Code enacted after
3December 31, 1996, do not apply to this paragraph with respect to taxable years
4beginning after December 31, 1996, and before January 1, 1998, except that
5changes to the Internal Revenue Code made by P.L. 105-33, P.L. 105-34, P.L.
6105-206, P.L. 105-277 and, P.L. 106-36, and P.L. 106-554, excluding sections 162
7and 165 of P.L. 106-554,
and changes that indirectly affect the provisions applicable
8to this subchapter made by P.L. 105-33, P.L. 105-34, P.L. 105-206, P.L. 105-277 and,
9P.L. 106-36, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, apply
10for Wisconsin purposes at the same time as for federal purposes.
SB55-ASA1, s. 2182dt 11Section 2182dt. 71.42 (2) (L) of the statutes is amended to read:
SB55-ASA1,819,1312 71.42 (2) (L) For taxable years that begin after December 31, 1997, and before
13January 1, 1999, "Internal Revenue Code" means the federal Internal Revenue Code
14as amended to December 31, 1997, excluding sections 103, 104, and 110 of P.L.
15102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66
16and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, and as
17amended by P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36 and, P.L. 106-170,
18P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573
, and
19as indirectly 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. 101-508, P.L. 102-227, excluding sections
21103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding
22sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L.
23103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188, excluding sections
241123 (b), 1202 (c) 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L. 104-191, P.L.
25104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L.

1106-36 and, P.L. 106-170, P.L. 106-554, excluding sections 162 and 165 of P.L.
2106-554, and P.L. 106-573
, except that "Internal Revenue Code" does not include
3section 847 of the federal Internal Revenue Code. The Internal Revenue Code
4applies for Wisconsin purposes at the same time as for federal purposes.
5Amendments to the federal Internal Revenue Code enacted after December 31, 1997,
6do not apply to this paragraph with respect to taxable years beginning after
7December 31, 1997, and before January 1, 1999, except that changes to the Internal
8Revenue Code made by P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36 and,
9P.L. 106-170, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
10106-573
and changes that indirectly affect the provisions applicable to this
11subchapter made by P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36 and, P.L.
12106-170, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
13106-573
apply for Wisconsin purposes at the same time as for federal purposes.
SB55-ASA1, s. 2182du 14Section 2182du. 71.42 (2) (m) of the statutes is amended to read:
SB55-ASA1,820,1515 71.42 (2) (m) For taxable years that begin after December 31, 1998, and before
16January 1, 2000, "Internal Revenue Code" means the federal Internal Revenue Code
17as amended to December 31, 1998, excluding sections 103, 104, and 110 of P.L.
18102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66
19and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, and as
20amended by P.L. 106-36 and, P.L. 106-170, 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. 101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L.
24102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150
25(d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L.

1103-465, P.L. 104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c) 1204 (f),
21311, and 1605 (d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L.
3105-34, P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36 and, P.L. 106-170,
4P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
5106-573
, except that "Internal Revenue Code" does not include section 847 of the
6federal Internal Revenue Code. The Internal Revenue Code applies for Wisconsin
7purposes at the same time as for federal purposes. Amendments to the federal
8Internal Revenue Code enacted after December 31, 1998, do not apply to this
9paragraph with respect to taxable years beginning after December 31, 1998, and
10before January 1, 2000, except that changes to the Internal Revenue Code made by
11P.L. 106-36 and, P.L. 106-170, P.L. 106-230, P.L. 106-554, excluding sections 162
12and 165 of P.L. 106-554, and P.L. 106-573
and changes that indirectly affect the
13provisions applicable to this subchapter made by P.L. 106-36 and, P.L. 106-170, P.L.
14106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
15106-573
apply for Wisconsin purposes at the same time as for federal purposes.
SB55-ASA1, s. 2182dv 16Section 2182dv. 71.42 (2) (n) of the statutes is amended to read:
SB55-ASA1,821,1717 71.42 (2) (n) For taxable years that begin after December 31, 1999, and before
18January 1, 2001,
"Internal Revenue Code" means the federal Internal Revenue Code
19as amended to December 31, 1999, 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
22amended by P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding sections 162 and
23165 of P.L. 106-554, and P.L. 106-573
, and as indirectly affected by P.L. 99-514, P.L.
24100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L.
25101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L.

1102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d),
213174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L.
3104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c) 1204 (f), 1311, and 1605 (d)
4of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178,
5P.L. 105-206, P.L. 105-277, P.L. 106-36 and, P.L. 106-170, P.L. 106-200, P.L.
6106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
7106-573
, except that "Internal Revenue Code" does not include section 847 of the
8federal Internal Revenue Code. The Internal Revenue Code applies for Wisconsin
9purposes at the same time as for federal purposes. Amendments to the federal
10Internal Revenue Code enacted after December 31, 1999, do not apply to this
11paragraph with respect to taxable years beginning after December 31, 1999, and
12before January 1, 2001, except that changes to the Internal Revenue Code made by
13P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L.
14106-554, and P.L. 106-573 and changes that indirectly affect the provisions
15applicable to this subchapter made by P.L. 106-200, P.L. 106-230, P.L. 106-554,
16excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573 apply for Wisconsin
17purposes at the same time as for federal purposes
.
SB55-ASA1, s. 2182dw 18Section 2182dw. 71.42 (2) (o) of the statutes is created to read:
SB55-ASA1,822,1119 71.42 (2) (o) For taxable years that begin after December 31, 2000, "Internal
20Revenue Code" means the federal Internal Revenue Code as amended to
21December 31, 2000, excluding sections 103, 104, and 110 of P.L. 102-227, sections
2213113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66 and sections 1123
23(b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, and as indirectly affected
24by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179,
25P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L.

1102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150
2(d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L.
3103-465, P.L. 104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c) 1204 (f),
41311, and 1605 (d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L.
5105-34, P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L.
6106-200, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554,
7and P.L. 106-573, except that "Internal Revenue Code" does not include section 847
8of the federal Internal Revenue Code. The Internal Revenue Code applies for
9Wisconsin purposes at the same time as for federal purposes. Amendments to the
10federal Internal Revenue Code enacted after December 31, 2000, do not apply to this
11paragraph with respect to taxable years beginning after December 31, 2000.
SB55-ASA1, s. 1196 12Section 1196. 71.42 (3d) of the statutes is created to read:
SB55-ASA1,822,1413 71.42 (3d) "Member" does not include a member of a limited liability company
14treated as a corporation under s. 71.22 (1).
SB55-ASA1, s. 1197 15Section 1197. 71.42 (3h) of the statutes is created to read:
SB55-ASA1,822,1716 71.42 (3h) "Partner" does not include a partner of a publicly traded partnership
17treated as a corporation under s. 71.22 (1).
SB55-ASA1, s. 2184r 18Section 2184r. 71.45 (2) (a) 13. of the statutes is amended to read:
SB55-ASA1,823,619 71.45 (2) (a) 13. By adding or subtracting, as appropriate, the difference
20between the depreciation deduction under the federal Internal Revenue Code as
21amended to December 31, 1999 2000, and the depreciation deduction under the
22federal Internal Revenue Code in effect for the taxable year for which the return is
23filed, so as to reflect the fact that the insurer may choose between these 2 deductions,
24except that property first placed in service by the taxpayer on or after
25January 1, 1983, but before January 1, 1987, that, under s. 71.04 (15) (b) and (br),

11985 stats., is required to be depreciated under the Internal Revenue Code as
2amended to December 31, 1980, and property first placed in service in taxable year
31981 or thereafter but before January 1, 1987, that, under s. 71.04 (15) (bm), 1985
4stats., is required to be depreciated under the Internal Revenue Code as amended
5to December 31, 1980, shall continue to be depreciated under the Internal Revenue
6Code as amended to December 31, 1980.
SB55-ASA1, s. 1198 7Section 1198. 71.45 (3) (intro.) of the statutes is amended to read:
SB55-ASA1,823,168 71.45 (3) Apportionment. (intro.) With respect Except as provided in sub. (3d),
9to determine Wisconsin income for purposes of the franchise tax, domestic insurers
10not engaged in the sale of life insurance but which that, in the taxable year, have
11collected received premiums, other than life insurance premiums, written on
12subjects of
for insurance on property or risks resident, located or to be performed
13outside this state, there shall be subtracted from multiply the net income figure
14derived by application of sub. (2) (a) to arrive at Wisconsin income constituting the
15measure of the franchise tax an amount calculated by multiplying such adjusted
16federal taxable income
by the arithmetic average of the following 2 percentages:
SB55-ASA1, s. 1199 17Section 1199. 71.45 (3) (a) of the statutes is amended to read:
SB55-ASA1,824,818 71.45 (3) (a) The Subject to sub. (3d), the percentage of total determined by
19dividing the sum of direct
premiums written on all property and risks for insurance
20other than life insurance, with respect to all property and risks resident, located, or
21to be performed in this state, and assumed premiums written for reinsurance, other
22than life insurance, with respect to all property and risks resident, located, or to be
23performed in this state, by the sum of direct premiums written for insurance on all
24property and risks, other than life insurance,
wherever located during the taxable
25year, as reflects
, and assumed premiums written on insurance for reinsurance on all

1property and risks
, other than life insurance, where the subject of insurance was
2resident, located or to be performed outside this state
wherever located. In this
3paragraph, "direct premiums" means direct premiums as reported for the taxable
4year on an annual statement that is filed by the insurer with the commissioner of
5insurance under s. 601.42 (1g) (a). In this paragraph, "assumed premiums" means
6assumed reinsurance premiums from domestic insurance companies as reported for
7the taxable year on an annual statement that is filed with the commissioner of
8insurance under s. 601.42 (1g) (a)
.
SB55-ASA1, s. 1200 9Section 1200. 71.45 (3) (b) of the statutes is renumbered 71.45 (3) (b) 1. and
10amended to read:
SB55-ASA1,824,1511 71.45 (3) (b) 1. The Subject to sub. (3d), the percentage of determined by
12dividing the payroll, exclusive of life insurance payroll, paid in this state in the
13taxable year by
total payroll, exclusive of life insurance payroll, paid everywhere in
14the taxable year as reflects such compensation paid outside this state.
15Compensation
.
SB55-ASA1,824,24 162. Under subd. 1., payroll is paid outside in this state if the individual's service
17is performed entirely outside in this state; or the individual's service is performed
18both within and without in and outside this state, but the service performed within
19outside this state is incidental to the individual's service without in this state; or
20some service is performed without in this state and the base of operations, or if there
21is no base of operations, the place from which the service is directed or controlled is
22without in this state, or the base of operations or the place from which the service is
23directed or controlled is not in any state in which some part of the service is
24performed, but the individual's residence is outside in this state.
SB55-ASA1, s. 1201 25Section 1201. 71.45 (3d) of the statutes is created to read:
SB55-ASA1,825,6
171.45 (3d) Phase in; domestic insurers. (a) For taxable years beginning after
2December 31, 2003, and before January 1, 2005, a domestic insurer that is subject
3to apportionment under sub. (3) and this subsection shall multiply the net income
4figure derived by the application of sub. (2) by an apportionment fraction composed
5of the percentage under sub. (3) (a) representing 60% of the fraction and the
6percentage under sub. (3) (b) 1. representing 40% of the fraction.
SB55-ASA1,825,127 (b) For taxable years beginning after December 31, 2004, and before January
81, 2006, a domestic insurer that is subject to apportionment under sub. (3) and this
9subsection shall multiply the net income figure derived by the application of sub. (2)
10by an apportionment fraction composed of the percentage under sub. (3) (a)
11representing 80% of the fraction and the percentage under sub. (3) (b) 1. representing
1220% of the fraction.
SB55-ASA1,825,1613 (c) For taxable years beginning after December 31, 2005, a domestic insurer
14that is subject to apportionment under sub. (3) and this subsection shall multiply the
15net income figure derived by the application of sub. (2) by the percentage under sub.
16(3) (a).
SB55-ASA1, s. 2188m 17Section 2188m. 71.45 (3e) of the statutes is created to read:
SB55-ASA1,825,2218 71.45 (3e) Apportionment formula computation. (a) 1. For taxable years
19beginning before January 1, 2006, if both the numerator and the denominator used
20to determine the percentage under sub. (3) (a) related to a taxpayer's net income are
21zero, the percentage under sub. (3) (a) is eliminated from the apportionment formula
22to determine the taxpayer's income under sub. (3).
SB55-ASA1,826,223 2. For taxable years beginning after December 31, 2005, if both the numerator
24and the denominator used to determine the percentage under sub. (3) (a) related to

1a taxpayer's net income are zero, none of the taxpayer's net income is apportioned
2to this state.
SB55-ASA1,826,73 (b) 1. For taxable years beginning before January 1, 2006, if the numerator
4used to determine the percentage under sub. (3) (a) related to a taxpayer's net income
5is a negative number and the denominator used to determine the percentage under
6sub. (3) (a) related to a taxpayer's net income is not zero, the percentage under sub.
7(3) (a) is zero.
SB55-ASA1,826,128 2. For taxable years beginning after December 31, 2005, if the numerator used
9to determine the percentage under sub. (3) (a) related to a taxpayer's net income is
10a negative number and the denominator used to determine the percentage under
11sub. (3) (a) related to a taxpayer's net income is not zero, none of the taxpayer's net
12income is apportioned to this state.
SB55-ASA1,826,1713 (c) 1. For taxable years beginning before January 1, 2006, if the numerator used
14to determine the percentage under sub. (3) (a) related to a taxpayer's net income is
15a positive number and the denominator used to determine the percentage under sub.
16(3) (a) related to a taxpayer's net income is zero or a negative number, the percentage
17under sub. (3) (a) is one.
SB55-ASA1,826,2218 2. For taxable years beginning after December 31, 2005, if the numerator used
19to determine the percentage under sub. (3) (a) related to a taxpayer's net income is
20a positive number and the denominator used to determine the percentage under sub.
21(3) (a) related to a taxpayer's net income is zero or a negative number, all of the
22taxpayer's net income is apportioned to this state.
SB55-ASA1, s. 1202 23Section 1202. 71.45 (3m) of the statutes is amended to read:
SB55-ASA1,827,624 71.45 (3m) Arithmetic average. The Except as provided in sub. (3d), the
25arithmetic average of the 2 percentages referred to in sub. (3) shall be applied to the

1net income figure arrived at by the successive application of sub. (2) (a) and (b) with
2respect to Wisconsin insurers to which sub. (2) (a) and (b) applies and which have
3collected received premiums, other than life insurance premiums, written upon for
4insurance, other than life insurance, where the subject of such insurance was on
5property or risks
resident, located or to be performed outside this state, to arrive at
6Wisconsin income constituting the measure of the franchise tax.
SB55-ASA1, s. 1203 7Section 1203. 71.45 (6) of the statutes is created to read:
SB55-ASA1,827,128 71.45 (6) Partnerships and limited liability companies. (a) A general or
9limited partner's share of the numerator and denominator of a partnership's
10apportionment factors under this section are included in the numerator and
11denominator of the general or limited partner's apportionment factors under this
12section.
SB55-ASA1,827,1613 (b) If a limited liability company is treated as a partnership, for federal tax
14purposes, a member's share of the numerator and denominator of a limited liability
15company's apportionment factors under this section are included in the numerator
16and denominator of the member's apportionment factors under this section.
SB55-ASA1, s. 1204 17Section 1204. 71.47 (1dm) of the statutes is created to read:
SB55-ASA1,827,1918 71.47 (1dm) Development zone capital investment credit. (a) In this
19subsection:
SB55-ASA1,827,2120 1. "Certified" means entitled under s. 560.795 (3) (a) 4. to claim tax benefits or
21certified under s. 560.795 (5).
SB55-ASA1,827,2222 2. "Claimant" means a person who files a claim under this subsection.
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