AB100-ASA1,613,1716
71.22
(6m) "Member" does not include a member of a limited liability company
17treated as a corporation under sub.
(1) (1k).
AB100-ASA1,613,2019
71.22
(7m) "Partner" does not include a partner of a publicly traded
20partnership treated as a corporation under sub.
(1)
(1k).
AB100-ASA1,613,2522
71.22
(9g) For purposes of s. 71.25 (9) (df) and (dh), "state" means a state of the
23United States, the District of Columbia, the commonwealth of Puerto Rico, or any
24territory or possession of the United States, unless the context requires that "state"
25means only the state of Wisconsin.
AB100-ASA1,614,92
71.25
(9) (d)
Sales Except as provided in pars. (df) and (dh), sales, other than
3sales of tangible personal property, are in this state if the income-producing activity
4is performed in this state. If the income-producing activity is performed both in and
5outside this state the sales shall be divided between those states having jurisdiction
6to tax such business in proportion to the direct costs of performance incurred in each
7such state in rendering this service.
Services performed in states which do not have
8jurisdiction to tax the business shall be deemed to have been performed in the state
9to which compensation is allocated by s. 71.25 (8), 2001 stats.
AB100-ASA1,614,1311
71.25
(9) (df) 1. Gross receipts from the use of computer software are in this
12state if the purchaser or licensee uses the computer software at a location in this
13state.
AB100-ASA1,614,2414
2. Computer software is used at a location in this state if the purchaser or
15licensee uses the computer software in the regular course of business operations in
16this state, for personal use in this state, or if the purchaser or licensee is an individual
17whose domicile is in this state. If the purchaser or licensee uses the computer
18software in more than one state, the gross receipts shall be divided among those
19states having jurisdiction to impose an income tax on the taxpayer in proportion to
20the use of the computer software in those states. To determine computer software
21use in this state, the department may consider the number of users in each state
22where the computer software is used, the number of site licenses or workstations in
23this state, and any other factors that reflect the use of computer software in this
24state.
AB100-ASA1,615,4
13. If the taxpayer is not subject to income tax in the state in which the gross
2receipts are considered received under this paragraph, but the taxpayer's
3commercial domicile is in this state, 50 percent of those gross receipts shall be
4included in the numerator of the sales factor.
AB100-ASA1,615,76
71.25
(9) (dh) 1. Gross receipts from services are in this state if the purchaser
7of the service received the benefit of the service in this state.
AB100-ASA1,615,88
2. The benefit of a service is received in this state if any of the following applies:
AB100-ASA1,615,99
a. The service relates to real property that is located in this state.
AB100-ASA1,615,1210
b. The service relates to tangible personal property that is located in this state
11at the time that the service is received or tangible personal property that is delivered
12directly or indirectly to customers in this state.
AB100-ASA1,615,1413
c. The service is provided to an individual who is physically present in this state
14at the time that the service is received.
AB100-ASA1,615,1615
d. The service is provided to a person engaged in a trade or business in this state
16and relates to that person's business in this state.
AB100-ASA1,615,2017
3. If the purchaser of a service receives the benefit of a service in more than one
18state, the gross receipts from the performance of the service are included in the
19numerator of the sales factor according to the portion of the service received in this
20state.
AB100-ASA1,616,221
4. If the taxpayer is not subject to income tax in the state in which the benefit
22of the service is received, the benefit of the service is received in this state to the
23extent that the taxpayer's employees or representatives performed services from a
24location in this state. Fifty percent of the taxpayer's receipts that are considered
1received in this state under this paragraph shall be included in the numerator of the
2sales factor.
AB100-ASA1,616,54
71.26
(1) (bn)
Health Insurance Risk-Sharing Plan. Income of the
5organization administering the Health Insurance Risk-Sharing Plan under ch. 149.
AB100-ASA1,616,247
71.26
(2) (a)
Corporations in general. The "net income" of a corporation means
8the gross income as computed under the Internal Revenue Code as modified under
9sub. (3) minus the amount of recapture under s. 71.28 (1di) plus the amount of credit
10computed under s. 71.28 (1), (3), (4), and (5) minus, as provided under s. 71.28 (3) (c)
117., the amount of the credit under s. 71.28 (3) that the taxpayer added to income
12under this paragraph at the time that the taxpayer first claimed the credit plus the
13amount of the credit computed under s. 71.28 (1dd), (1de), (1di), (1dj), (1dL), (1dm),
14(1ds), (1dx), (3g), (3n), (3t),
and (5b)
, (5g) and not passed through by a partnership,
15limited liability company, or tax-option corporation that has added that amount to
16the partnership's, limited liability company's, or tax-option corporation's income
17under s. 71.21 (4) or 71.34 (1) (g) plus the amount of losses from the sale or other
18disposition of assets the gain from which would be wholly exempt income, as defined
19in sub. (3) (L), if the assets were sold or otherwise disposed of at a gain and minus
20deductions, as computed under the Internal Revenue Code as modified under sub.
21(3), plus or minus, as appropriate, an amount equal to the difference between the
22federal basis and Wisconsin basis of any asset sold, exchanged, abandoned, or
23otherwise disposed of in a taxable transaction during the taxable year, except as
24provided in par. (b) and s. 71.45 (2) and (5).
AB100-ASA1,621,23
71.26
(2) (b) 12. For taxable years that begin after December 31, 1996, and
4before January 1, 1998, for a corporation, conduit or common law trust which
5qualifies as a regulated investment company, real estate mortgage investment
6conduit, real estate investment trust or financial asset securitization investment
7trust under the Internal Revenue Code as amended to December 31, 1996, excluding
8sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d),
913174, and 13203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311, and
101605 (d) of P.L.
104-188, and as amended by P.L.
105-33, P.L.
105-34, P.L.
105-206,
11P.L.
105-277, P.L.
106-36, P.L.
106-554, excluding sections 162 and 165 of P.L.
12106-554, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
13107-147, excluding sections 101 and 406 of P.L.
107-147,
and P.L.
107-181,
P.L.
14108-121, excluding section 109 of P.L. 108-121, P.L. 108-311, excluding sections 306,
15307, 308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101,
16201, 244, 336, 337, 909, and 910 of P.L. 108-357, and as indirectly affected in the
17provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647,
18P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
19excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
20103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
21103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
22excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
23104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277, P.L.
24106-36, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-16,
25excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
107-147, excluding sections
1101 and 406 of P.L.
107-147,
and P.L.
107-181,
P.L. 108-121, excluding section 109
2of P.L. 108-121, P.L. 108-311, excluding sections 306, 307, 308, 401, and 403 (a) of
3P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 244, 336, 337, 909, and
4910 of P.L. 108-357, "net income" means the federal regulated investment company
5taxable income, federal real estate mortgage investment conduit taxable income,
6federal real estate investment trust or financial asset securitization investment
7trust taxable income of the corporation, conduit or trust as determined under the
8Internal Revenue Code as amended to December 31, 1996, excluding sections 103,
9104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203
10(d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
11104-188 and as amended by P.L.
105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277,
12P.L.
106-36, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
13107-16, excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
107-147, excluding
14sections 101 and 406 of P.L.
107-147,
and P.L.
107-181,
P.L. 108-121, excluding
15section 109 of P.L. 108-121, P.L. 108-311, excluding sections 306, 307, 308, 401, and
16403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 244, 336, 337,
17909, and 910 of P.L. 108-357, and as indirectly affected in the provisions applicable
18to this subchapter by P.L.
99-514, P.L.
100-203, 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 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
24104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
25106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-16, excluding
1section 431 of P.L.
107-16, P.L.
107-134, P.L.
107-147, excluding sections 101 and
2406 of P.L.
107-147,
and P.L.
107-181,
P.L. 108-121, excluding section 109 of P.L.
3108-121, P.L. 108-311, excluding sections 306, 307, 308, 401, and 403 (a) of P.L.
4108-311, and P.L. 108-357, excluding sections 101, 201, 244, 336, 337, 909, and 910
5of P.L. 108-357, except that property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats.,
6is required to be depreciated for taxable years 1983 to 1986 under the Internal
7Revenue Code as amended to December 31, 1980, shall continue to be depreciated
8under the Internal Revenue Code as amended to December 31, 1980, and except that
9the appropriate amount shall be added or subtracted to reflect differences between
10the depreciation or adjusted basis for federal income tax purposes and the
11depreciation or adjusted basis under this chapter of any property disposed of during
12the taxable year. The Internal Revenue Code as amended to December 31, 1996,
13excluding sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171
14(d), 13174, and 13203 (d) of P.L.
103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311,
15and 1605 (d) of P.L.
104-188, and as amended by P.L.
105-33, P.L.
105-34, P.L.
16105-206, P.L.
105-277, P.L.
106-36, P.L.
106-554, excluding sections 162 and 165 of
17P.L.
106-554, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
18107-147, excluding sections 101 and 406 of P.L.
107-147,
and P.L.
107-181,
P.L.
19108-121, excluding section 109 of P.L. 108-121, P.L. 108-311, excluding sections 306,
20307, 308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101,
21201, 244, 336, 337, 909, and 910 of P.L. 108-357, and as indirectly affected in the
22provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647,
23P.L.
101-73, 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.
105-206, P.L.
105-277, P.L.
4106-36, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-16,
5excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
107-147, excluding sections
6101 and 406 of P.L.
107-147,
and P.L.
107-181,
P.L. 108-121, excluding section 109
7of P.L. 108-121, P.L. 108-311, excluding sections 306, 307, 308, 401, and 403 (a) of
8P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 244, 336, 337, 909, and
9910 of P.L. 108-357, applies for Wisconsin purposes at the same time as for federal
10purposes. Amendments to the Internal Revenue Code enacted after
11December 31, 1996, do not apply to this subdivision with respect to taxable years
12that begin after December 31, 1996, and before January 1, 1998, except that
13changes to the Internal Revenue Code made by P.L.
105-33, P.L.
105-34, P.L.
14105-206, P.L.
105-277, P.L.
106-36, P.L.
106-554, excluding sections 162 and 165 of
15P.L.
106-554, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
16107-147, excluding sections 101 and 406 of P.L.
107-147,
and P.L.
107-181,
P.L.
17108-121, excluding section 109 of P.L. 108-121, P.L. 108-311, excluding sections 306,
18307, 308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101,
19201, 244, 336, 337, 909, and 910 of P.L. 108-357, and changes that indirectly affect
20the provisions applicable to this subchapter made by P.L.
105-33, P.L.
105-34, P.L.
21105-206, P.L.
105-277, P.L.
106-36, P.L.
106-554, excluding sections 162 and 165 of
22P.L.
106-554, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
23107-147, excluding sections 101 and 406 of P.L.
107-147,
and P.L.
107-181,
P.L.
24108-121, excluding section 109 of P.L. 108-121, P.L. 108-311, excluding sections 306,
25307, 308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101,
1201, 244, 336, 337, 909, and 910 of P.L. 108-357, apply for Wisconsin purposes at the
2same time as for federal purposes.
AB100-ASA1,625,44
71.26
(2) (b) 13. For taxable years that begin after December 31, 1997, and
5before January 1, 1999, for a corporation, conduit or common law trust which
6qualifies as a regulated investment company, real estate mortgage investment
7conduit, real estate investment trust or financial asset securitization investment
8trust under the Internal Revenue Code as amended to December 31, 1997, excluding
9sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d),
1013174, and 13203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311, and
111605 (d) of P.L.
104-188, and as amended by P.L.
105-178, P.L.
105-206, P.L.
12105-277, P.L.
106-36, P.L.
106-170, P.L.
106-554, excluding sections 162 and 165 of
13P.L.
106-554, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
14107-147, excluding sections 101 and 406 of P.L.
107-147,
and P.L.
107-181,
P.L.
15108-121, excluding section 109 of P.L. 108-121, P.L. 108-311, excluding sections 306,
16307, 308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101,
17201, 244, 336, 337, 909, and 910 of P.L. 108-357, and as indirectly affected in the
18provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647,
19P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
20excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
21103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
22103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
23excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
24104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
25105-277, P.L.
106-36, P.L.
106-170, P.L.
106-554, excluding sections 162 and 165 of
1P.L.
106-554, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
2107-147, excluding sections 101 and 406 of P.L.
107-147,
and P.L.
107-181,
P.L.
3108-121, excluding section 109 of P.L. 108-121, P.L. 108-311, excluding sections 306,
4307, 308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101,
5201, 244, 336, 337, 909, and 910 of P.L. 108-357, "net income" means the federal
6regulated investment company taxable income, federal real estate mortgage
7investment conduit taxable income, federal real estate investment trust or financial
8asset securitization investment trust taxable income of the corporation, conduit or
9trust as determined under the Internal Revenue Code as amended to December 31,
101997, excluding sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d),
1113171 (d), 13174, and 13203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204
12(f), 1311, and 1605 (d) of P.L.
104-188, and as amended by P.L.
105-178, P.L.
105-206,
13P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
106-554, excluding sections 162 and
14165 of P.L.
106-554, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-134,
15P.L.
107-147, excluding sections 101 and 406 of P.L.
107-147,
and P.L.
107-181,
P.L.
16108-121, excluding section 109 of P.L. 108-121, P.L. 108-311, excluding sections 306,
17307, 308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101,
18201, 244, 336, 337, 909, and 910 of P.L. 108-357, and as indirectly affected in the
19provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647,
20P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
21excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
22103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
23103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
24excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
25104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
1105-277, P.L.
106-36, P.L.
106-170, P.L.
106-554, excluding sections 162 and 165 of
2P.L.
106-554, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
3107-147, excluding sections 101 and 406 of P.L.
107-147,
and P.L.
107-181,
P.L.
4108-121, excluding section 109 of P.L. 108-121, P.L. 108-311, excluding sections 306,
5307, 308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101,
6201, 244, 336, 337, 909, and 910 of P.L. 108-357, except that property that, under s.
771.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated for taxable years 1983
8to 1986 under the Internal Revenue Code as amended to December 31, 1980, shall
9continue to be depreciated under the Internal Revenue Code as amended to
10December 31, 1980, and except that the appropriate amount shall be added or
11subtracted to reflect differences between the depreciation or adjusted basis for
12federal income tax purposes and the depreciation or adjusted basis under this
13chapter of any property disposed of during the taxable year. The Internal Revenue
14Code as 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, P.L.
106-170,
18P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-16, excluding
19section 431 of P.L.
107-16, P.L.
107-134, P.L.
107-147, excluding sections 101 and
20406 of P.L.
107-147,
and P.L.
107-181,
P.L. 108-121, excluding section 109 of P.L.
21108-121, P.L. 108-311, excluding sections 306, 307, 308, 401, and 403 (a) of P.L.
22108-311, and P.L. 108-357, excluding sections 101, 201, 244, 336, 337, 909, and 910
23of P.L. 108-357, and as indirectly affected in the provisions applicable to this
24subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
25P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104,
1and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
213113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
3103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202
4(c), 1204 (f), 1311 and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
5105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
6106-170, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-16,
7excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
107-147, excluding sections
8101 and 406 of P.L.
107-147,
and P.L.
107-181,
P.L. 108-121, excluding section 109
9of P.L. 108-121, P.L. 108-311, excluding sections 306, 307, 308, 401, and 403 (a) of
10P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 244, 336, 337, 909, and
11910 of P.L. 108-357, applies for Wisconsin purposes at the same time as for federal
12purposes. Amendments to the Internal Revenue Code enacted after December 31,
131997, do not apply to this subdivision with respect to taxable years that begin after
14December 31, 1997, and before January 1, 1999, except that changes to the Internal
15Revenue Code made by P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
16106-170, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-16,
17excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
107-147, excluding sections
18101 and 406 of P.L.
107-147,
and P.L.
107-181,
P.L. 108-121, excluding section 109
19of P.L. 108-121,P.L. 108-311, excluding sections 306, 307, 308, 401, and 403 (a) of P.L.
20108-311, and P.L. 108-357, excluding sections 101, 201, 244, 336, 337, 909, and 910
21of P.L. 108-357, and changes that indirectly affect the provisions applicable to this
22subchapter made by P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
23106-170, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-16,
24excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
107-147, excluding sections
25101 and 406 of P.L.
107-147,
and P.L.
107-181,
P.L. 108-121, excluding section 109
1of P.L. 108-121, P.L. 108-311, excluding sections 306, 307, 308, 401, and 403 (a) of
2P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 244, 336, 337, 909, and
3910 of P.L. 108-357, apply for Wisconsin purposes at the same time as for federal
4purposes.
AB100-ASA1,629,66
71.26
(2) (b) 14. For taxable years that begin after December 31, 1998, and
7before January 1, 2000, for a corporation, conduit or common law trust which
8qualifies as a regulated investment company, real estate mortgage investment
9conduit, real estate investment trust or financial asset securitization investment
10trust under the Internal Revenue Code as amended to December 31, 1998, excluding
11sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d),
1213174, and 13203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311, and
131605 (d) of P.L.
104-188, and as amended by P.L.
106-36, P.L.
106-170, P.L.
106-230,
14P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-16, excluding
15section 431 of P.L.
107-16, P.L.
107-134, P.L.
107-147, excluding sections 101 and
16406 of P.L.
107-147, P.L.
107-181,
and P.L.
107-276,
P.L. 108-121, excluding section
17109 of P.L. 108-121, P.L. 108-311, excluding sections 306, 307, 308, 401, and 403 (a)
18of P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 244, 336, 337, 909,
19and 910 of P.L. 108-357, and as indirectly affected in the provisions applicable to this
20subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
21P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104,
22and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
2313113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
24103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202
25(c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
1105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
2106-170, P.L.
106-230, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554,
3P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
107-147,
4excluding sections 101 and 406 of P.L.
107-147, P.L.
107-181,
and P.L.
107-276,
P.L.
5108-121, excluding section 109 of P.L. 108-121, P.L. 108-311, excluding sections 306,
6307, 308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101,
7201, 244, 336, 337, 909, and 910 of P.L. 108-357, "net income" means the federal
8regulated investment company taxable income, federal real estate mortgage
9investment conduit taxable income, federal real estate investment trust or financial
10asset securitization investment trust taxable income of the corporation, conduit or
11trust as determined under the Internal Revenue Code as amended to December 31,
121998, excluding sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d),
1313171 (d), 13174, and 13203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204
14(f), 1311, and 1605 (d) of P.L.
104-188, and as amended by P.L.
106-36, P.L.
106-170,
15P.L.
106-230, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
16107-16, excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
107-147, excluding
17sections 101 and 406 of P.L.
107-147, P.L.
107-181,
and P.L.
107-276,
P.L. 108-121,
18excluding section 109 of P.L. 108-121, P.L. 108-311, excluding sections 306, 307, 308,
19401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 244,
20336, 337, 909, and 910 of P.L. 108-357, and as indirectly affected in the provisions
21applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
22101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
23excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
24103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
25103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
1excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
2104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
3105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554, excluding sections
4162 and 165 of P.L.
106-554, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
5107-134, P.L.
107-147, excluding sections 101 and 406 of P.L.
107-147, P.L.
107-181,
6and P.L.
107-276,
P.L. 108-121, excluding section 109 of P.L. 108-121, P.L. 108-311,
7excluding sections 306, 307, 308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357,
8excluding sections 101, 201, 244, 336, 337, 909, and 910 of P.L. 108-357, except that
9property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated
10for taxable years 1983 to 1986 under the Internal Revenue Code as amended to
11December 31, 1980, shall continue to be depreciated under the Internal Revenue
12Code as amended to December 31, 1980, and except that the appropriate amount
13shall be added or subtracted to reflect differences between the depreciation or
14adjusted basis for federal income tax purposes and the depreciation or adjusted basis
15under this chapter of any property disposed of during the taxable year. The Internal
16Revenue Code as amended to December 31, 1998, excluding sections 103, 104, and
17110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
18103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188,
19and as amended by P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554, excluding
20sections 162 and 165 of P.L.
106-554, P.L.
107-16, excluding section 431 of P.L.
21107-16, P.L.
107-134, P.L.
107-147, excluding sections 101 and 406 of P.L.
107-147,
22P.L.
107-181,
and P.L.
107-276,
P.L. 108-121, excluding section 109 of P.L. 108-121,
23P.L. 108-311, excluding sections 306, 307, 308, 401, and 403 (a) of P.L. 108-311, and
24P.L. 108-357, excluding sections 101, 201, 244, 336, 337, 909, and 910 of P.L.
25108-357, and as indirectly affected in the provisions applicable to this subchapter
1by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179,
2P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104, and 110 of P.L.
3102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
4(d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
5103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
61311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
7105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
8106-230, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-16,
9excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
107-147, excluding sections
10101 and 406 of P.L.
107-147, P.L.
107-181,
and P.L.
107-276,
P.L. 108-121, excluding
11section 109 of P.L. 108-121, P.L. 108-311, excluding sections 306, 307, 308, 401, and
12403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 244, 336, 337,
13909, and 910 of P.L. 108-357, applies for Wisconsin purposes at the same time as for
14federal purposes. Amendments to the Internal Revenue Code enacted after
15December 31, 1998, do not apply to this subdivision with respect to taxable years that
16begin after December 31, 1998, and before January 1, 2000, except that changes to
17the Internal Revenue Code made by P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
18106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-16, excluding
19section 431 of P.L.
107-16, P.L.
107-134, P.L.
107-147, excluding sections 101 and
20406 of P.L.
107-147, P.L.
107-181,
and P.L.
107-276,
P.L. 108-121, excluding section
21109 of P.L. 108-121, P.L. 108-311, excluding sections 306, 307, 308, 401, and 403 (a)
22of P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 244, 336, 337, 909,
23and 910 of P.L. 108-357, and changes that indirectly affect the provisions applicable
24to this subchapter made by P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554,
25excluding sections 162 and 165 of P.L.
106-554, P.L.
107-16, excluding section 431
1of P.L.
107-16, P.L.
107-134, P.L.
107-147, excluding sections 101 and 406 of P.L.
2107-147, P.L.
107-181,
and P.L.
107-276,
P.L. 108-121, excluding section 109 of P.L.
3108-121, P.L. 108-311, excluding sections 306, 307, 308, 401, and 403 (a) of P.L.
4108-311, and P.L. 108-357, excluding sections 101, 201, 244, 336, 337, 909, and 910
5of P.L. 108-357, apply for Wisconsin purposes at the same time as for federal
6purposes.
AB100-ASA1,633,218
71.26
(2) (b) 15. For taxable years that begin after December 31, 1999, and
9before January 1, 2003, for a corporation, conduit or common law trust which
10qualifies as a regulated investment company, real estate mortgage investment
11conduit, real estate investment trust or financial asset securitization investment
12trust under the Internal Revenue Code as amended to December 31, 1999, excluding
13sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d),
1413174, and 13203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311, and
151605 (d) of P.L.
104-188, and as amended by P.L.
106-230, P.L.
106-554, excluding
16sections 162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding section 431
17of P.L.
107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding
18sections 101 and 406 of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276,
and 19P.L.
107-358,
P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L.
20108-121, excluding section 109 of P.L. 108-121, P.L. 108-218, P.L. 108-311,
21excluding sections 306, 307, 308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357,
22excluding sections 101, 201, 244, 336, 337, 909, and 910 of P.L. 108-357, and as
23indirectly affected in the provisions applicable to this subchapter 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
4(d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
5105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
6106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16,
7excluding section 431 of P.L.
107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
8107-147, excluding sections 101 and 406 of P.L.
107-147, P.L.
107-181, P.L.
107-210,
9P.L.
107-276,
and P.L.
107-358,
P.L. 108-27, excluding sections 106, 201, and 202
10of P.L. 108-27, P.L. 108-121, excluding section 109 of P.L. 108-121, P.L. 108-218, P.L.
11108-311, excluding sections 306, 307, 308, 401, and 403 (a) of P.L. 108-311, and P.L.
12108-357, excluding sections 101, 201, 244, 336, 337, 909, and 910 of P.L. 108-357, 13"net income" means the federal regulated investment company taxable income,
14federal real estate mortgage investment conduit taxable income, federal real estate
15investment trust or financial asset securitization investment trust taxable income
16of the corporation, conduit or trust as determined under the Internal Revenue Code
17as amended to December 31, 1999, 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.
106-230, P.L.
106-554, excluding sections 162 and 165 of P.L.
21106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-22,
22P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding sections 101 and 406 of P.L.
23107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276,
and P.L.
107-358,
P.L. 108-27,
24excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, excluding section
25109 of P.L. 108-121, P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308,
1401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 244,
2336, 337, 909, and 910 of P.L. 108-357, and as indirectly affected in the provisions
3applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
4101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
5excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
6103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
7103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
8excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
9104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
10105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554, excluding sections
11162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
12107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding sections
13101 and 406 of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276,
and P.L.
14107-358,
P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L.
15108-121, excluding section 109 of P.L. 108-121, P.L. 108-218, P.L. 108-311,
16excluding sections 306, 307, 308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357,
17excluding sections 101, 201, 244, 336, 337, 909, and 910 of P.L. 108-357, except that
18property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated
19for taxable years 1983 to 1986 under the Internal Revenue Code as amended to
20December 31, 1980, shall continue to be depreciated under the Internal Revenue
21Code as amended to December 31, 1980, and except that the appropriate amount
22shall be added or subtracted to reflect differences between the depreciation or
23adjusted basis for federal income tax purposes and the depreciation or adjusted basis
24under this chapter of any property disposed of during the taxable year. The Internal
25Revenue Code as amended to December 31, 1999, excluding sections 103, 104, and
1110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
2103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188,
3and as amended by P.L.
106-230, P.L.
106-554, excluding sections 162 and 165 of P.L.
4106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-22,
5P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding sections 101 and 406 of P.L.
6107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276,
and P.L.
107-358,
P.L. 108-27,
7excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, excluding section
8109 of P.L. 108-121, P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308,
9401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 244,
10336, 337, 909, and 910 of P.L. 108-357, and as indirectly affected in the provisions
11applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
12101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
13excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
14103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
15103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
16excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
17104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
18105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554, excluding sections
19162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
20107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding sections
21101 and 406 of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276,
and P.L.
22107-358,
P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L.
23108-121, excluding section 109 of P.L. 108-121, P.L. 108-218, P.L. 108-311,
24excluding sections 306, 307, 308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357,
25excluding sections 101, 201, 244, 336, 337, 909, and 910 of P.L. 108-357, applies for
1Wisconsin purposes at the same time as for federal purposes. Amendments to the
2Internal Revenue Code enacted after December 31, 1999, do not apply to this
3subdivision with respect to taxable years that begin after December 31, 1999, and
4before January 1, 2003, except that changes to the Internal Revenue Code made by
5P.L.
106-230, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
6107-15, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-22, P.L.
107-116,
7P.L.
107-134, P.L.
107-147, excluding sections 101 and 406 of P.L.
107-147, P.L.
8107-181, P.L.
107-210, P.L.
107-276,
and P.L.
107-358,
P.L. 108-27, excluding
9sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, excluding section 109 of P.L.
10108-121, P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308, 401, and 403
11(a) of P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 244, 336, 337, 909,
12and 910 of P.L. 108-357, and changes that indirectly affect the provisions applicable
13to this subchapter made by P.L.
106-230, P.L.
106-554, excluding sections 162 and
14165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
107-16,
15P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding sections 101 and
16406 of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276,
and P.L.
107-358,
P.L.
17108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, excluding
18section 109 of P.L. 108-121, P.L. 108-218, P.L. 108-311, excluding sections 306, 307,
19308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101, 201,
20244, 336, 337, 909, and 910 of P.L. 108-357, apply for Wisconsin purposes at the same
21time as for federal purposes.
AB100-ASA1,638,423
71.26
(2) (b) 16. For taxable years that begin after December 31, 2002,
and
24before January 1, 2004, for a corporation, conduit, or common law trust which
25qualifies as a regulated investment company, real estate mortgage investment
1conduit, real estate investment trust, or financial asset securitization investment
2trust under the Internal Revenue Code as amended to December 31, 2002, excluding
3sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d),
413174, and 13203 (d) of P.L.
103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and
51605 (d) of P.L.
104-188, P.L.
106-519, sections 162 and 165 of P.L.
106-554, P.L.
6106-573, section 431 of P.L.
107-16, and section 101 of P.L.
107-147,
and as amended
7by P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121,
8excluding section 109 of P.L. 108-121, P.L. 108-173, excluding section 1201 of P.L.
9108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308,
10401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 244, 336,
11337, 909, and 910 of P.L. 108-357, and P.L. 108-375, and as indirectly affected in the
12provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647,
13P.L.
101-73, 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 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
18104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
19105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554, excluding sections
20162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
21107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding section 101
22of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276,
and P.L.
107-358,
P.L.
23108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, excluding
24section 109 of P.L. 108-121, P.L. 108-173, excluding section 1201 of P.L. 108-173,
25P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308, 401, and
1403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 244, 336, 337, 909,
2and 910 of P.L. 108-357, and P.L. 108-375, "net income" means the federal regulated
3investment company taxable income, federal real estate mortgage investment
4conduit taxable income, federal real estate investment trust or financial asset
5securitization investment trust taxable income of the corporation, conduit, or trust
6as determined under the Internal Revenue Code as amended to December 31, 2002,
7excluding sections 103, 104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171
8(d), 13174, and 13203 (d) of P.L. 103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and
91605 (d) of P.L. 104-188, P.L. 106-519, sections 162 and 165 of P.L. 106-554, P.L.
10106-573, section 431 of P.L. 107-16, and section 101 of P.L. 107-147, and as amended
11by P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121,
12excluding section 109 of P.L. 108-121, P.L. 108-173, excluding section 1201 of P.L.
13108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308,
14401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 244, 336,
15337, 909, and 910 of P.L. 108-357, and P.L. 108-375, and as indirectly affected in the
16provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647,
17P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
18excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
19103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
20103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
21excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
22104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
23105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554, excluding sections
24162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
25107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding section 101
1of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276,
and P.L.
107-358,
P.L.
2108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, excluding
3section 109 of P.L. 108-121, P.L. 108-173, excluding section 1201 of P.L. 108-173,
4P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308, 401, and
5403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 244, 336, 337, 909,
6and 910 of P.L. 108-357, and P.L. 108-375, except that property that, under s. 71.02
7(1) (c) 8. to 11., 1985 stats., is required to be depreciated for taxable years 1983 to 1986
8under the Internal Revenue Code as amended to December 31, 1980, shall continue
9to be depreciated under the Internal Revenue Code as amended to
10December 31, 1980, and except that the appropriate amount shall be added or
11subtracted to reflect differences between the depreciation or adjusted basis for
12federal income tax purposes and the depreciation or adjusted basis under this
13chapter of any property disposed of during the taxable year. The Internal Revenue
14Code as amended to December 31, 2002, 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,
16sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
106-519,
17sections 162 and 165 of P.L.
106-554, P.L.
106-573, section 431 of P.L.
107-16, and
18section 101 of P.L.
107-147,
and as amended by P.L. 108-27, excluding sections 106,
19201, and 202 of P.L. 108-27, P.L. 108-121, excluding section 109 of P.L. 108-121, P.L.
20108-173, excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L. 108-218, P.L.
21108-311, excluding sections 306, 307, 308, 401, and 403 (a) of P.L. 108-311, P.L.
22108-357, excluding sections 101, 201, 244, 336, 337, 909, and 910 of P.L. 108-357,
23and P.L. 108-375, and as indirectly affected in the provisions applicable to this
24subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
25P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104,
1and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
213113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
3103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202
4(c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
5105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
6106-170, P.L.
106-230, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554,
7P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-22, P.L.
8107-116, P.L.
107-134, P.L.
107-147, excluding section 101 of P.L.
107-147, P.L.
9107-181, P.L.
107-210, P.L.
107-276,
and P.L.
107-358,
P.L. 108-27, excluding
10sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, excluding section 109 of P.L.
11108-121, P.L. 108-173, excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L.
12108-218, P.L. 108-311, excluding sections 306, 307, 308, 401, and 403 (a) of P.L.
13108-311, P.L. 108-357, excluding sections 101, 201, 244, 336, 337, 909, and 910 of
14P.L. 108-357, and P.L. 108-375, applies for Wisconsin purposes at the same time as
15for federal purposes. Amendments to the Internal Revenue Code enacted after
16December 31, 2002, do not apply to this subdivision with respect to taxable years that
17begin after December 31, 2002
, and before January 1, 2004, except that changes to
18the Internal Revenue Code made by P.L. 108-27, excluding sections 106, 201, and
19202 of P.L. 108-27, P.L. 108-121, excluding section 109 of P.L. 108-121, P.L. 108-173,
20excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311,
21excluding sections 306, 307, 308, 401, and 403 (a) of P.L. 108-311, P.L. 108-357,
22excluding sections 101, 201, 244, 336, 337, 909, and 910 of P.L. 108-357, and P.L.
23108-375, and changes that indirectly affect the provisions applicable to this
24subchapter made by P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27,
25P.L. 108-121, excluding section 109 of P.L. 108-121, P.L. 108-173, excluding section
11201 of P.L. 108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections
2306, 307, 308, 401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101,
3201, 244, 336, 337, 909, and 910 of P.L. 108-357, and P.L. 108-375, apply for
4Wisconsin purposes at the same time as for federal purposes.
AB100-ASA1,642,76
71.26
(2) (b) 17. For taxable years that begin after December 31, 2003, and
7before January 1, 2005, for a corporation, conduit, or common law trust which
8qualifies as a regulated investment company, real estate mortgage investment
9conduit, real estate investment trust, or financial asset securitization investment
10trust under the Internal Revenue Code as amended to December 31, 2003, excluding
11sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d),
1213174, and 13203 (d) of P.L.
103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and
131605 (d) of P.L.
104-188, P.L.
106-519, sections 162 and 165 of P.L.
106-554, P.L.
14106-573, section 431 of P.L.
107-16, section 101 of P.L.
107-147, sections 106, 201,
15and 202 of P.L.
108-27, section 109 of P.L.
108-121, and section 1201 of P.L.
108-173,
16and as amended by P.L.
108-203, P.L.
108-218, P.L.
108-311, excluding sections 306,
17307, 308, 401, and 403 (a) of P.L.
108-311, P.L.
108-357, excluding sections 101, 201,
18244, 336, 337, 909, and 910 of P.L.
108-357, P.L.
108-375, and P.L.
108-476, and as
19indirectly affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
20100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
21101-508, P.L.
102-227, excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
22102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
2313174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
24104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
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, P.L.
106-170, P.L.
106-230, P.L.
2106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16,
3excluding section 431 of P.L.
107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
4107-147, excluding section 101 of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
5107-276, P.L.
107-358, P.L.
108-27, excluding sections 106, 201, and 202 of P.L.
6108-27, P.L.
108-121, excluding section 109 of P.L.
108-121, P.L.
108-173, excluding
7section 1201 of P.L.
108-173, P.L.
108-203, P.L.
108-218, P.L.
108-311, excluding
8sections 306, 307, 308, 401, and 403 (a) of P.L.
108-311, P.L.
108-357, excluding
9sections 101, 201, 244, 336, 337, 909, and 910 of P.L.
108-357, P.L.
108-375, and P.L.
10108-476, "net income" means the federal regulated investment company taxable
11income, federal real estate mortgage investment conduit taxable income, federal real
12estate investment trust or financial asset securitization investment trust taxable
13income of the corporation, conduit, or trust as determined under the Internal
14Revenue Code as amended to December 31, 2003, excluding sections 103, 104, and
15110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
16103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
17106-519, sections 162 and 165 of P.L.
106-554, P.L.
106-573, section 431 of P.L.
18107-16, section 101 of P.L.
107-147, sections 106, 201, and 202 of P.L.
108-27, section
19109 of P.L.
108-121, and section 1201 of P.L.
108-173, and as amended by P.L.
20108-203, P.L.
108-218, P.L.
108-311, excluding sections 306, 307, 308, 401, and 403
21(a) of P.L.
108-311, P.L.
108-357, excluding sections 101, 201, 244, 336, 337, 909, and
22910 of P.L.
108-357, P.L.
108-375, and P.L.
108-476, and as indirectly affected in the
23provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647,
24P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
25excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
1103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
2103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
3excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
4104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
5105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554, excluding sections
6162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
7107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding section 101
8of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276, P.L.
107-358, P.L.
108-27,
9excluding sections 106, 201, and 202 of P.L.
108-27, P.L.
108-121, excluding section
10109 of P.L.
108-121, P.L.
108-173, excluding section 1201 of P.L.
108-173, P.L.
11108-203, P.L.
108-218, P.L.
108-311, excluding sections 306, 307, 308, 401, and 403
12(a) of P.L.
108-311, P.L.
108-357, excluding sections 101, 201, 244, 336, 337, 909, and
13910 of P.L.
108-357, P.L.
108-375, and P.L.
108-476, except that property that, under
14s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated for taxable years
151983 to 1986 under the Internal Revenue Code as amended to December 31, 1980,
16shall continue to be depreciated under the Internal Revenue Code as amended to
17December 31, 1980, and except that the appropriate amount shall be added or
18subtracted to reflect differences between the depreciation or adjusted basis for
19federal income tax purposes and the depreciation or adjusted basis under this
20chapter of any property disposed of during the taxable year. The Internal Revenue
21Code as amended to December 31, 2003, excluding sections 103, 104, and 110 of P.L.
22102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66,
23sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
106-519,
24sections 162 and 165 of P.L.
106-554, P.L.
106-573, section 431 of P.L.
107-16, section
25101 of P.L.
107-147, sections 106, 201, and 202 of P.L.
108-27, section 109 of P.L.
1108-121, and section 1201 of P.L.
108-173, and as amended by P.L.
108-203, P.L.
2108-218, P.L.
108-311, excluding sections 306, 307, 308, 401, and 403 (a) of P.L.
3108-311, P.L.
108-357, excluding sections 101, 201, 244, 336, 337, 909, and 910 of
4P.L.
108-357, P.L.
108-375, and P.L.
108-476, and as indirectly affected in the
5provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647,
6P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
7excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
8103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
9103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
10excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
11104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
12105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554, excluding sections
13162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
14107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding section 101
15of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276, P.L.
107-358, P.L.
108-27,
16excluding sections 106, 201, and 202 of P.L.
108-27, P.L.
108-121, excluding section
17109 of P.L.
108-121, P.L.
108-173, excluding section 1201 of P.L.
108-173, P.L.
18108-203, P.L.
108-218, P.L.
108-311, excluding sections 306, 307, 308, 401, and 403
19(a) of P.L.
108-311, P.L.
108-357, excluding sections 101, 201, 244, 336, 337, 909, and
20910 of P.L.
108-357, P.L.
108-375, and P.L.
108-476, applies for Wisconsin purposes
21at the same time as for federal purposes. Amendments to the Internal Revenue Code
22enacted after December 31, 2003, do not apply to this subdivision with respect to
23taxable years that begin after December 31, 2003, and before January 1, 2005,
24except that changes to the Internal Revenue Code made by P.L.
108-203, P.L.
25108-218, P.L.
108-311, excluding sections 306, 307, 308, 401, and 403 (a) of P.L.
1108-311, P.L.
108-357, excluding sections 101, 201, 244, 336, 337, 909, and 910 of
2P.L.
108-357, P.L.
108-375, and P.L.
108-476, and changes that indirectly affect the
3provisions applicable to this subchapter made by P.L.
108-203, P.L.
108-218, P.L.
4108-311, excluding sections 306, 307, 308, 401, and 403 (a) of P.L.
108-311, P.L.
5108-357, excluding sections 101, 201, 244, 336, 337, 909, and 910 of P.L.
108-357,
6P.L.
108-375, and P.L.
108-476, apply for Wisconsin purposes at the same time as
7for federal purposes.
AB100-ASA1,645,199
71.26
(2) (b) 18. For taxable years that begin after December 31, 2004, for a
10corporation, conduit, or common law trust which qualifies as a regulated investment
11company, real estate mortgage investment conduit, real estate investment trust, or
12financial asset securitization investment trust under the Internal Revenue Code as
13amended to December 31, 2004, excluding sections 103, 104, and 110 of P.L.
102-227,
14sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, sections
151123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, sections 1, 3, 4, and
165 of P.L.
106-519, sections 162 and 165 of P.L.
106-554, P.L.
106-573, section 431 of
17P.L.
107-16, section 101 of P.L.
107-147, sections 106, 201, and 202 of P.L.
108-27,
18section 1201 of P.L.
108-173, sections 306, 308, 401, and 403 (a) of P.L.
108-311, and
19sections 101, 201, 244, 336, 337, 909, and 910 of P.L.
108-357, and as indirectly
20affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203,
21P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508,
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, and
2413203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
25104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
1104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
2105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554,
3excluding sections 162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding
4section 431 of P.L.
107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147,
5excluding section 101 of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276, P.L.
6107-358, P.L.
108-27, excluding sections 106, 201, and 202 of P.L.
108-27, P.L.
7108-121, P.L.
108-173, excluding section 1201 of P.L.
108-173, P.L.
108-203, P.L.
8108-218, P.L.
108-311, excluding sections 306, 308, 401, and 403 (a) of P.L.
108-311,
9P.L.
108-357, excluding sections 101, 201, 244, 336, 337, 909, and 910 of P.L.
10108-357, P.L.
108-375, and P.L.
108-476, "net income" means the federal regulated
11investment company taxable income, federal real estate mortgage investment
12conduit taxable income, federal real estate investment trust or financial asset
13securitization investment trust taxable income of the corporation, conduit, or trust
14as determined under the Internal Revenue Code as amended to December 31, 2004,
15excluding sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171
16(d), 13174, and 13203 (d) of P.L.
103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and
171605 (d) of P.L.
104-188, sections 1, 3, 4, and 5 of P.L.
106-519, sections 162 and 165
18of P.L.
106-554, P.L.
106-573, section 431 of P.L.
107-16, section 101 of P.L.
107-147,
19sections 106, 201, and 202 of P.L.
108-27, section 1201 of P.L.
108-173, sections 306,
20308, 401, and 403 (a) of P.L.
108-311, and sections 101, 201, 244, 336, 337, 909, and
21910 of P.L.
108-357, and as indirectly affected in the provisions applicable to this
22subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
23P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104,
24and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
2513113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
1103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202
2(c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
3105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
4106-170, P.L.
106-230, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554,
5P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-22, P.L.
6107-116, P.L.
107-134, P.L.
107-147, excluding section 101 of P.L.
107-147, P.L.
7107-181, P.L.
107-210, P.L.
107-276, P.L.
107-358, P.L.
108-27, excluding sections
8106, 201, and 202 of P.L.
108-27, P.L.
108-121, P.L.
108-173, excluding section 1201
9of P.L.
108-173, P.L.
108-203, P.L.
108-218, P.L.
108-311, excluding sections 306,
10308, 401, and 403 (a) of P.L.
108-311, P.L.
108-357, excluding sections 101, 201, 244,
11336, 337, 909, and 910 of P.L.
108-357, P.L.
108-375, and P.L.
108-476, except that
12property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated
13for taxable years 1983 to 1986 under the Internal Revenue Code as amended to
14December 31, 1980, shall continue to be depreciated under the Internal Revenue
15Code as amended to December 31, 1980, and except that the appropriate amount
16shall be added or subtracted to reflect differences between the depreciation or
17adjusted basis for federal income tax purposes and the depreciation or adjusted basis
18under this chapter of any property disposed of during the taxable year. The Internal
19Revenue Code as amended to December 31, 2004, excluding sections 103, 104, and
20110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
21103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188,
22sections 1, 3, 4, and 5 of P.L.
106-519, sections 162 and 165 of P.L.
106-554, P.L.
23106-573, section 431 of P.L.
107-16, section 101 of P.L.
107-147, sections 106, 201,
24and 202 of P.L.
108-27, section 1201 of P.L.
108-173, sections 306, 308, 401, and 403
25(a) of P.L.
108-311, and sections 101, 201, 244, 336, 337, 909, and 910 of P.L.
108-357,
1and as indirectly affected in the provisions applicable to this subchapter by P.L.
299-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
3101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104, and 110 of P.L.
4102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
5(d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
6103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
71311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
8105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
9106-230, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-15,
10P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-22, P.L.
107-116, P.L.
11107-134, P.L.
107-147, excluding section 101 of P.L.
107-147, P.L.
107-181, P.L.
12107-210, P.L.
107-276, P.L.
107-358, P.L.
108-27, excluding sections 106, 201, and
13202 of P.L.
108-27, P.L.
108-121, P.L.
108-173, excluding section 1201 of P.L.
14108-173, P.L.
108-203, P.L.
108-218, P.L.
108-311, excluding sections 306, 308, 401,
15and 403 (a) of P.L.
108-311, P.L.
108-357, excluding sections 101, 201, 244, 336, 337,
16909, and 910 of P.L.
108-357, P.L.
108-375, and P.L.
108-476, applies for Wisconsin
17purposes at the same time as for federal purposes. Amendments to the Internal
18Revenue Code enacted after December 31, 2004, do not apply to this subdivision with
19respect to taxable years that begin after December 31, 2004.
AB100-ASA1,645,21
21*-0402/7.6*
Section
1366. 71.28 (1dL) (c) 1. of the statutes is repealed.
AB100-ASA1,645,23
22*-0402/8*
Section
1367. 71.28 (1dL) (c) 2. of the statutes is renumbered 71.28
23(1dL) (c).
AB100-ASA1,645,24
24*-0402/8*
Section
1368. 71.28 (1dL) (d) of the statutes is amended to read:
AB100-ASA1,646,3
171.28
(1dL) (d) Except as provided in par. (c)
2., the carry-over provisions of
2sub. (4) (e) and (f) as they relate to the credit under that subsection relate to the credit
3under this subsection and apply as if the development zone continued to exist.
AB100-ASA1,646,125
71.28
(1dm) (hm)
Credits claimed
A claimant may claim the credit under this
6subsection, including any credits carried over,
may be offset only against the amount
7of the tax otherwise due under this subchapter
attributable to income from the
8business operations of the claimant in the development zone; except that a claimant
9in a development zone under s. 560.795 (1) (e) may offset credits, including any
10credits carried over, against the amount of the tax otherwise due under this
11subchapter attributable to all of the claimant's income; and against the tax
12attributable to income from directly related business operations of the claimant.
AB100-ASA1,647,214
71.28
(1dx) (a) 5. "Member of a targeted group" means a person who resides
15in an
empowerment zone, or an enterprise community, that the U.S. government
16designates area designated by the federal government as an economic revitalization
17area, a person who is employed in an unsubsidized job but meets the eligibility
18requirements under s. 49.145 (2) and (3) for a Wisconsin
works Works employment
19position, a person who is employed in a trial job, as defined in s. 49.141 (1) (n), a
20person who is eligible for child care assistance under s. 49.155, a person who is a
21vocational rehabilitation referral, an economically disadvantaged youth, an
22economically disadvantaged veteran, a supplemental security income recipient, a
23general assistance recipient, an economically disadvantaged ex-convict, a qualified
24summer youth employee, as defined in
26 USC 51 (d) (7), a dislocated worker, as
25defined in
29 USC 2801 (9), or a food stamp recipient
;
, if the person has been certified
1in the manner under sub. (1dj) (am) 3. by a designated local agency, as defined in sub.
2(1dj) (am) 2.
AB100-ASA1, s. 1371
3Section
1371. 71.28 (1dx) (b) (intro.) of the statutes is amended to read:
AB100-ASA1,647,94
71.28
(1dx) (b)
Credit. (intro.) Except as provided in pars. (be) and (bg) and
5in s. 73.03 (35), and subject to s. 560.785, for any taxable year for which the person
6is entitled under s. 560.795 (3) to claim tax benefits or certified under s. 560.765 (3),
7560.797 (4) or 560.798 (3), any person may claim as a credit against
the taxes
imposed
8on the person's income from the person's business activities in a development zone 9otherwise due under this chapter the following amounts:
AB100-ASA1,647,1411
71.28
(2m) (a) 1. b. For partnerships, except publicly traded partnerships
12treated as corporations under s. 71.22
(1) (1k), or limited liability companies, except
13limited liability companies treated as corporations under s. 71.22
(1) (1k), "claimant"
14means each individual partner or member.
AB100-ASA1,647,1616
71.28
(3n) (title)
Dairy and livestock farm investment credit.
AB100-ASA1, s. 1381b
17Section 1381b. 71.28 (3n) (a) 2. (intro.) of the statutes is amended to read:
AB100-ASA1,647,2318
71.28
(3n) (a) 2. (intro.) "Dairy farm modernization or expansion" means the
19construction, the improvement, or the acquisition of buildings or facilities, or
20acquiring equipment, for dairy animal housing, confinement, animal feeding, milk
21production, or waste management, including the following, if used exclusively
22related to dairy animals
and if acquired and placed in service in this state during
23taxable years that begin after December 31, 2003, and before January 1, 2010:
AB100-ASA1,648,3
171.28
(3n) (a) 4. "Livestock" means cattle, not including dairy animals; swine;
2poultry, not including farm-raised game birds or ratites; fish that are raised in
3aquaculture facilities; sheep; and goats.
AB100-ASA1,648,105
71.28
(3n) (a) 5. "Livestock farm modernization or expansion" means the
6construction, the improvement, or the acquisition of buildings or facilities, or the
7acquisition of equipment, for livestock housing, confinement, feeding, or waste
8management, including the following, if used exclusively related to livestock and if
9acquired and placed in service in this state during taxable years that begin after
10December 31, 2005, and before January 1, 2012:
AB100-ASA1,648,1111
a. Birthing structures.
AB100-ASA1,648,1212
b. Rearing structures.
AB100-ASA1,648,1313
c. Feedlot structures.
AB100-ASA1,648,1414
d. Feed storage and handling equipment.
AB100-ASA1,648,1616
f. Watering facilities.
AB100-ASA1,648,1818
h. Manure pumping and storage facilities.
AB100-ASA1,648,2020
j. Equipment used to produce energy.
AB100-ASA1,648,2121
k. Fish hatchery buildings.
AB100-ASA1,648,2222
L. Fish processing buildings.
AB100-ASA1,648,2323
m. Fish rearing ponds.
AB100-ASA1,649,3
171.28
(3n) (a) 6. a. For taxable years that begin after December 31, 2003, and
2before January 1, 2006, "used exclusively," related to dairy animals, means used to
3the exclusion of all other uses except for use not exceeding 5 percent of total use.
AB100-ASA1,649,64
b. For taxable years that begin after December 31, 2005, and before January
51, 2010, "used exclusively," related to livestock, dairy animals, or both, means used
6to the exclusion of all other uses except for use not exceeding 5 percent of total use.
AB100-ASA1,649,97
c. For taxable years that begin after December 31, 2009, and before January
81, 2012, "used exclusively," related to livestock, means used to the exclusion of all
9other uses except for use not exceeding 5 percent of total use.
AB100-ASA1, s. 1382b
10Section 1382b. 71.28 (3n) (b) of the statutes is renumbered 71.28 (3n) (b) 1.
AB100-ASA1,649,1712
71.28
(3n) (b) 2. Subject to the limitations provided in this subsection, for
13taxable years that begin after December 31, 2005, and before January 1, 2012, a
14claimant may claim as a credit against the tax imposed under s. 71.23 an amount
15equal to 10 percent of the amount the claimant paid in the taxable year for livestock
16farm modernization or expansion related to the operation of the claimant's livestock
17farm.
AB100-ASA1, s. 1382d
18Section 1382d. 71.28 (3n) (e) of the statutes is renumbered 71.28 (3n) (e) 1.
19and amended to read:
AB100-ASA1,650,320
71.28
(3n) (e) 1. Partnerships, limited liability companies, and tax-option
21corporations may not claim the credit under this subsection, but the eligibility for,
22and the amount of, the credit are based on their payment of expenses under par. (b)
,
23except that the aggregate amount of credits that the entity may compute shall not
24exceed $50,000. A partnership, limited liability company, or tax-option corporation
25shall compute the amount of credit that each of its partners, members, or
1shareholders may claim and shall provide that information to each of them.
2Partners, members of limited liability companies, and shareholders of tax-option
3corporations may claim the credit in proportion to their ownership interest.
AB100-ASA1,650,85
71.28
(3n) (e) 2. If 2 or more persons own and operate the dairy or livestock
6farm, each person may claim a credit under par. (b) in proportion to his or her
7ownership interest, except that the aggregate amount of the credits claimed by all
8persons who own and operate the farm shall not exceed $50,000.
AB100-ASA1,650,2310
71.28
(4) (a)
Credit. Any corporation may credit against taxes otherwise due
11under this chapter an amount equal to 5% of the amount obtained by subtracting
12from the corporation's qualified research expenses, as defined in section
41 of the
13internal revenue code, except that "qualified research expenses" includes only
14expenses incurred by the claimant, incurred for research conducted in this state for
15the taxable year, except that a taxpayer may elect the alternative computation under
16section
41 (c) (4) of the Internal Revenue Code and that election applies until the
17department permits its revocation and except that "qualified research expenses"
18does not include compensation used in computing the credit under subs. (1dj) and
19(1dx), the corporation's base amount, as defined in section
41 (c) of the internal
20revenue code, except that gross receipts used in calculating the base amount means
21gross receipts from sales attributable to Wisconsin under s. 71.25 (9) (b) 1. and 2.
and, 22(d)
, (df), and (dh). Section
41 (h) of the internal revenue code does not apply to the
23credit under this paragraph.
