AB75-ASA1,920,108 71.365 (3) Credits not allowed. The credits under s. 71.28 (4), (4m), and (5)
9may not be claimed by a tax-option corporation or shareholders of a tax-option
10corporation.
AB75-ASA1, s. 1691 11Section 1691. 71.42 (2) (m) of the statutes is repealed.
AB75-ASA1, s. 1692 12Section 1692. 71.42 (2) (n) of the statutes is amended to read:
AB75-ASA1,923,513 71.42 (2) (n) For taxable years that begin after December 31, 1999, and before
14January 1, 2003, "Internal Revenue Code" means the federal Internal Revenue Code
15as amended to December 31, 1999, excluding sections 103, 104, and 110 of P.L.
16102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66
17and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, and as
18amended by P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L.
19106-554, P.L. 107-15, P.L. 107-16, excluding section 431 of P.L. 107-16, P.L. 107-22,
20P.L. 107-116, P.L. 107-134, P.L. 107-147, excluding sections 101, 301 (a), and 406 of
21P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27,
22excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, excluding section
23109 of P.L. 108-121, P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308,
24316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 211,
25242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 109-7, P.L. 109-58,

1excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348,
2and 1351 of P.L. 109-58, P.L. 109-135, excluding sections 101, 105, 201 (a) as it
3relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, and
4P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L. 110-458, and
5as indirectly affected by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L.
6101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections
7103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding
8sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L.
9103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188, excluding sections
101123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L. 104-191, P.L.
11104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L.
12106-36, P.L. 106-170, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of
13P.L. 106-554, P.L. 107-15, P.L. 107-16, excluding section 431 of P.L. 107-16, P.L.
14107-22, P.L. 107-116, P.L. 107-134, P.L. 107-147, excluding sections 101, 301 (a),
15and 406 of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L. 107-276, P.L. 107-358, P.L.
16108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, excluding
17section 109 of P.L. 108-121, P.L. 108-218, P.L. 108-311, excluding sections 306, 307,
18308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201,
19211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 109-7, P.L.
20109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
211329, 1348, and 1351 of P.L. 109-58, P.L. 109-135, excluding sections 101, 105, 201
22(a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
23109-135, and P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L.
24110-458,
except that "Internal Revenue Code" does not include section 847 of the
25federal Internal Revenue Code. The Internal Revenue Code applies for Wisconsin

1purposes at the same time as for federal purposes. Amendments to the federal
2Internal Revenue Code enacted after December 31, 1999, do not apply to this
3paragraph with respect to taxable years beginning 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, 301 (a), and 406 of P.L. 107-147,
8P.L. 107-181, P.L. 107-210, P.L. 107-276, 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, 316, 401, and
11403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336,
12337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 109-7, P.L. 109-58, excluding
13sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351
14of P.L. 109-58, P.L. 109-135, excluding sections 101, 105, 201 (a) as it relates to
15section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, and P.L.
16109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L. 110-458, and
17changes that indirectly affect the provisions applicable to this subchapter made by
18P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, P.L.
19107-15, P.L. 107-16, excluding section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116,
20P.L. 107-134, P.L. 107-147, excluding sections 101, 301 (a), and 406 of P.L. 107-147,
21P.L. 107-181, P.L. 107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27, excluding
22sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, excluding section 109 of P.L.
23108-121, P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308, 316, 401, and
24403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336,
25337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 109-7, P.L. 109-58, excluding

1sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351
2of P.L. 109-58, P.L. 109-135, excluding sections 101, 105, 201 (a) as it relates to
3section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, and P.L.
4109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L. 110-458, apply for
5Wisconsin purposes at the same time as for federal purposes.
AB75-ASA1, s. 1693 6Section 1693. 71.42 (2) (o) of the statutes is amended to read:
AB75-ASA1,925,187 71.42 (2) (o) For taxable years that begin after December 31, 2002, and before
8January 1, 2004, "Internal Revenue Code" means the federal Internal Revenue Code
9as amended to December 31, 2002, excluding sections 103, 104, and 110 of P.L.
10102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66,
11sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L. 106-519,
12sections 162 and 165 of P.L. 106-554, P.L. 106-573, section 431 of P.L. 107-16, and
13sections 101 and 301 (a) of P.L. 107-147, and as amended by P.L. 108-27, excluding
14sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, excluding section 109 of P.L.
15108-121, P.L. 108-173, excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L.
16108-218, P.L. 108-311, excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L.
17108-311, P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847,
18909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 109-7, P.L. 109-58, excluding
19sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351
20of P.L. 109-58, P.L. 109-135, excluding sections 101, 105, 201 (a) as it relates to
21section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, and P.L.
22109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L. 110-458, and as
23indirectly affected by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L.
24101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections
25103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding

1sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L.
2103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188, excluding sections
31123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L. 104-191, P.L.
4104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L.
5106-36, P.L. 106-170, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of
6P.L. 106-554, P.L. 107-15, P.L. 107-16, excluding section 431 of P.L. 107-16, P.L.
7107-22, P.L. 107-116, P.L. 107-134, P.L. 107-147, excluding sections 101 and 301 (a)
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, 316, 401, and
12403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336,
13337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 109-7, P.L. 109-58,
14excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348,
15and 1351 of P.L. 109-58, P.L. 109-135, excluding sections 101, 105, 201 (a) as it
16relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, and
17P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L. 110-458,
18except that "Internal Revenue Code" does not include section 847 of the federal
19Internal Revenue Code. The Internal Revenue Code applies for Wisconsin purposes
20at the same time as for federal purposes. Amendments to the federal Internal
21Revenue Code enacted after December 31, 2002, do not apply to this paragraph with
22respect to taxable years beginning after December 31, 2002, and before January 1,
232004, except that changes to the Internal Revenue Code made by 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. 108-173, excluding section 1201 of P.L. 108-173, P.L.

1108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308, 316, 401, and
2403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336,
3337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 109-7, P.L. 109-58,
4excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348,
5and 1351 of P.L. 109-58, P.L. 109-135, excluding sections 101, 105, 201 (a) as it
6relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, and
7P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L. 110-458, and
8changes that indirectly affect the provisions applicable to this subchapter made by
9P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121,
10excluding section 109 of P.L. 108-121, P.L. 108-173, excluding section 1201 of P.L.
11108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308,
12316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 211,
13242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 109-7,
14P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
151329, 1348, and 1351 of P.L. 109-58, P.L. 109-135, excluding sections 101, 105, 201
16(a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
17109-135, and P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L.
18110-458,
apply for Wisconsin purposes at the same time as for federal purposes.
AB75-ASA1, s. 1694 19Section 1694. 71.42 (2) (p) of the statutes is amended to read:
AB75-ASA1,928,520 71.42 (2) (p) For taxable years that begin after December 31, 2003, and before
21January 1, 2005, "Internal Revenue Code" means the federal Internal Revenue Code
22as amended to December 31, 2003, excluding sections 103, 104, and 110 of P.L.
23102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66,
24sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L. 106-519,
25sections 162 and 165 of P.L. 106-554, P.L. 106-573, section 431 of P.L. 107-16,

1sections 101 and 301 (a) of P.L. 107-147, sections 106, 201, and 202 of P.L. 108-27,
2section 109 of P.L. 108-121, and section 1201 of P.L. 108-173, and as amended by P.L.
3108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308, 316, 401, and
4403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336,
5337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 108-476, P.L. 109-7,
6P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
71329, 1348, and 1351 of P.L. 109-58, P.L. 109-73, excluding section 301 of P.L.
8109-73, P.L. 109-135, excluding sections 101, 105, 201 (a) as it relates to section
91400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L. 109-227, and P.L.
10109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L. 110-458, and as
11indirectly affected by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L.
12101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections
13103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding
14sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L.
15103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188, excluding sections
161123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L. 104-191, P.L.
17104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L.
18106-36, P.L. 106-170, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of
19P.L. 106-554, P.L. 107-15, P.L. 107-16, excluding section 431 of P.L. 107-16, P.L.
20107-22, P.L. 107-116, P.L. 107-134, P.L. 107-147, excluding sections 101 and 301 (a)
21of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27,
22excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, excluding section
23109 of P.L. 108-121, P.L. 108-173, excluding section 1201 of P.L. 108-173, P.L.
24108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308, 316, 401, and
25403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336,

1337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 108-476, P.L. 109-7,
2P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
31329, 1348, and 1351 of P.L. 109-58, P.L. 109-73, excluding section 301 of P.L.
4109-73, P.L. 109-135, excluding sections 101, 105, 201 (a) as it relates to section
51400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L. 109-227, and P.L.
6109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L. 110-458, except
7that "Internal Revenue Code" does not include section 847 of the federal Internal
8Revenue Code. The Internal Revenue Code applies for Wisconsin purposes at the
9same time as for federal purposes. Amendments to the federal Internal Revenue
10Code enacted after December 31, 2003, do not apply to this paragraph with respect
11to taxable years beginning after December 31, 2003, and before January 1, 2005,
12except that changes to the Internal Revenue Code made by P.L. 108-203, P.L.
13108-218, P.L. 108-311, excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L.
14108-311, P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847,
15909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 108-476, P.L. 109-7, P.L. 109-58,
16excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348,
17and 1351 of P.L. 109-58, P.L. 109-73, excluding section 301 of P.L. 109-73, P.L.
18109-135, excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402
19(e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L. 109-227, and P.L. 109-280,
20excluding sections 811 and 844 of P.L. 109-280, and P.L. 110-458, and changes that
21indirectly affect the provisions applicable to this subchapter made by P.L. 108-203,
22P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308, 316, 401, and 403 (a)
23of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336, 337,
24422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 108-476, P.L. 109-7, P.L.
25109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,

11329, 1348, and 1351 of P.L. 109-58, P.L. 109-73, excluding section 301 of P.L.
2109-73, P.L. 109-135, excluding sections 101, 105, 201 (a) as it relates to section
31400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L. 109-227, and P.L.
4109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L. 110-458, apply for
5Wisconsin purposes at the same time as for federal purposes.
AB75-ASA1, s. 1695 6Section 1695. 71.42 (2) (q) of the statutes is amended to read:
AB75-ASA1,930,147 71.42 (2) (q) For taxable years that begin after December 31, 2004, and before
8January 1, 2006, "Internal Revenue Code" means the federal Internal Revenue Code
9as amended to December 31, 2004, excluding sections 103, 104, and 110 of P.L.
10102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66,
11sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, sections 1, 3,
124, and 5 of P.L. 106-519, sections 162 and 165 of P.L. 106-554, P.L. 106-573, section
13431 of P.L. 107-16, sections 101 and 301 (a) of P.L. 107-147, sections 106, 201, and
14202 of P.L. 108-27, section 1201 of P.L. 108-173, sections 306, 308, 316, 401, and 403
15(a) of P.L. 108-311, and sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and
16910 of P.L. 108-357, and as amended by P.L. 109-7, P.L. 109-58, excluding sections
171305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
18109-58, P.L. 109-73, excluding section 301 of P.L. 109-73, P.L. 109-135, excluding
19sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and
20(q), and 405 of P.L. 109-135, P.L. 109-151, P.L. 109-222, excluding sections 101, 207,
21209, 503, 512, and 513 of P.L. 109-222, P.L. 109-227, and P.L. 109-280, excluding
22sections 811 and 844 of P.L. 109-280, and P.L. 110-458, and as indirectly affected by
23P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179,
24P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L.
25102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150

1(d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L.
2103-465, P.L. 104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
31311, and 1605 (d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L.
4105-34, P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L.
5106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, P.L. 107-15,
6P.L. 107-16, excluding section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116, P.L.
7107-134, P.L. 107-147, excluding sections 101 and 301 (a) of P.L. 107-147, P.L.
8107-181, P.L. 107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27, excluding sections
9106, 201, and 202 of P.L. 108-27, P.L. 108-121, P.L. 108-173, excluding section 1201
10of P.L. 108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections 306,
11308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201,
12211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L.
13108-476, P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323,
141324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-73, excluding
15section 301 of P.L. 109-73, P.L. 109-135, excluding sections 101, 105, 201 (a) as it
16relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L.
17109-151, P.L. 109-222, excluding sections 101, 207, 209, 503, 512, and 513 of P.L.
18109-222, P.L. 109-227, and P.L. 109-280, excluding sections 811 and 844 of P.L.
19109-280, and P.L. 110-458, except that "Internal Revenue Code" does not include
20section 847 of the federal Internal Revenue Code. The Internal Revenue Code
21applies for Wisconsin purposes at the same time as for federal purposes.
22Amendments to the federal Internal Revenue Code enacted after December 31, 2004,
23do not apply to this paragraph with respect to taxable years beginning after
24December 31, 2004, and before January 1, 2006, except that changes to the Internal
25Revenue Code made by P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309,

11310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-73,
2excluding section 301 of P.L. 109-73, P.L. 109-135, excluding sections 101, 105, 201
3(a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
4109-135, P.L. 109-151, P.L. 109-222, excluding sections 101, 207, 209, 503, 512, and
5513 of P.L. 109-222, P.L. 109-227, and P.L. 109-280, excluding sections 811 and 844
6of P.L. 109-280, and P.L. 110-458, and changes that indirectly affect the provisions
7applicable to this subchapter made by P.L. 109-7, P.L. 109-58, excluding sections
81305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
9109-58, P.L. 109-73, excluding section 301 of P.L. 109-73, P.L. 109-135, excluding
10sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and
11(q), and 405 of P.L. 109-135, P.L. 109-151, P.L. 109-222, excluding sections 101, 207,
12209, 503, 512, and 513 of P.L. 109-222, P.L. 109-227, and P.L. 109-280, excluding
13sections 811 and 844 of P.L. 109-280, and P.L. 110-458, apply for Wisconsin purposes
14at the same time as for federal purposes.
AB75-ASA1, s. 1696 15Section 1696. 71.42 (2) (r) of the statutes is amended to read:
AB75-ASA1,932,1516 71.42 (2) (r) For taxable years that begin after December 31, 2005, and before
17January 1, 2007, "Internal Revenue Code" means the federal Internal Revenue Code
18as amended to December 31, 2005, excluding sections 103, 104, and 110 of P.L.
19102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66,
20sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, sections 1, 3,
214, and 5 of P.L. 106-519, sections 162 and 165 of P.L. 106-554, P.L. 106-573, section
22431 of P.L. 107-16, sections 101 and 301 (a) of P.L. 107-147, sections 106, 201, and
23202 of P.L. 108-27, section 1201 of P.L. 108-173, sections 306, 308, 316, 401, and 403
24(a) of P.L. 108-311, sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910
25of P.L. 108-357, P.L. 109-1, sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326,

11328, 1329, 1348, and 1351 of P.L. 109-58, section 11146 of P.L. 109-59, section 301
2of P.L. 109-73, and sections 101, 105, 201 (a) as it relates to section 1400S (a), 402
3(e), 403 (e), (j), and (q), and 405 of P.L. 109-135, and as amended by P.L. 109-222,
4excluding sections 101, 207, 209, 503, 512, and 513 of P.L. 109-222, P.L. 109-227, and
5P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L. 110-458, and
6as indirectly affected by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L.
7101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections
8103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding
9sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L.
10103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188, excluding sections
111123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L. 104-191, P.L.
12104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L.
13106-36, P.L. 106-170, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of
14P.L. 106-554, P.L. 107-15, P.L. 107-16, excluding section 431 of P.L. 107-16, P.L.
15107-22, P.L. 107-116, P.L. 107-134, P.L. 107-147, excluding sections 101 and 301 (a)
16of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27,
17excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, P.L. 108-173,
18excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311,
19excluding sections 306, 308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357,
20excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
21108-357, P.L. 108-375, P.L. 108-476, P.L. 109-7, P.L. 109-58, excluding sections
221305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
23109-58, P.L. 109-59, excluding section 11146 of P.L. 109-59, P.L. 109-73, excluding
24section 301 of P.L. 109-73, P.L. 109-135, excluding sections 101, 105, 201 (a) as it
25relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L.

1109-151, P.L. 109-222, excluding sections 101, 207, 209, 503, 512, and 513 of P.L.
2109-222, P.L. 109-227, and P.L. 109-280, and P.L. 110-458, excluding sections 811
3and 844 of P.L. 109-280, except that "Internal Revenue Code" does not include
4section 847 of the federal Internal Revenue Code. The Internal Revenue Code
5applies for Wisconsin purposes at the same time as for federal purposes.
6Amendments to the federal Internal Revenue Code enacted after December 31, 2005,
7do not apply to this paragraph with respect to taxable years beginning after
8December 31, 2005, and before January 1, 2007, except that changes to the Internal
9Revenue Code made by P.L. 109-222, excluding sections 101, 207, 209, 503, 512, and
10513 of P.L. 109-222, P.L. 109-227, and P.L. 109-280, excluding sections 811 and 844
11of P.L. 109-280, and P.L. 110-458, and changes that indirectly affect the provisions
12applicable to this subchapter made by P.L. 109-222, excluding sections 101, 207, 209,
13503, 512, and 513 of P.L. 109-222, P.L. 109-227, and P.L. 109-280, excluding sections
14811 and 844 of P.L. 109-280, and P.L. 110-458, apply for Wisconsin purposes at the
15same time as for federal purposes.
AB75-ASA1, s. 1697 16Section 1697. 71.42 (2) (s) of the statutes is amended to read:
AB75-ASA1,934,1117 71.42 (2) (s) For taxable years that begin after December 31, 2006, and before
18January 1, 2008,
"Internal Revenue Code" means the federal Internal Revenue Code
19as amended to December 31, 2006, 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,
21sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, sections 1, 3,
224, and 5 of P.L. 106-519, sections 162 and 165 of P.L. 106-554, P.L. 106-573, section
23431 of P.L. 107-16, sections 101 and 301 (a) of P.L. 107-147, sections 106, 201, and
24202 of P.L. 108-27, section 1201 of P.L. 108-173, sections 306, 308, 316, 401, and 403
25(a) of P.L. 108-311, sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910

1of P.L. 108-357, P.L. 109-1, sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326,
21328, 1329, 1348, and 1351 of P.L. 109-58, section 11146 of P.L. 109-59, section 301
3of P.L. 109-73, sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403
4(e), (j), and (q), and 405 of P.L. 109-135, sections 101, 207, 209, 503, 512, and 513 of
5P.L. 109-222, sections 811 and 844 of P.L. 109-280, and P.L. 109-432, and as
6amended by P.L. 110-458,
and as indirectly affected by P.L. 99-514, P.L. 100-203,
7P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508,
8P.L. 102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L.
9102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and
1013203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L.
11104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
12104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L.
13105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L. 106-230, P.L. 106-554,
14excluding sections 162 and 165 of P.L. 106-554, P.L. 107-15, P.L. 107-16, excluding
15section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116, P.L. 107-134, P.L. 107-147,
16excluding sections 101 and 301 (a) of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L.
17107-276, P.L. 107-358, P.L. 108-27, excluding sections 106, 201, and 202 of P.L.
18108-27, P.L. 108-121, P.L. 108-173, excluding section 1201 of P.L. 108-173, P.L.
19108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 308, 316, 401, and 403
20(a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336, 337,
21422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 108-476, P.L. 109-7, P.L.
22109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
231329, 1348, and 1351 of P.L. 109-58, P.L. 109-59, excluding section 11146 of P.L.
24109-59, P.L. 109-73, excluding section 301 of P.L. 109-73, P.L. 109-135, excluding
25sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and

1(q), and 405 of P.L. 109-135, P.L. 109-151, P.L. 109-222, excluding sections 101, 207,
2209, 503, 512, and 513 of P.L. 109-222, P.L. 109-227, and P.L. 109-280, excluding
3sections 811 and 844 of P.L. 109-280, and P.L. 110-458, except that "Internal
4Revenue Code" does not include section 847 of the federal Internal Revenue Code.
5The Internal Revenue Code applies for Wisconsin purposes at the same time as for
6federal purposes. Amendments to the federal Internal Revenue Code enacted after
7December 31, 2006, do not apply to this paragraph with respect to taxable years
8beginning after December 31, 2006, and before January 1, 2008, except that changes
9to the Internal Revenue Code made by P.L. 110-458, and changes that indirectly
10affect the provisions applicable to this subchapter made by P.L. 110-458, apply for
11Wisconsin purposes at the same time as for federal purposes
.
AB75-ASA1, s. 1698 12Section 1698. 71.42 (2) (t) of the statutes is created to read:
AB75-ASA1,936,713 71.42 (2) (t) For taxable years that begin after December 31, 2007, and before
14January 1, 2009, "Internal Revenue Code" means the federal Internal Revenue Code
15as amended to December 31, 2007, excluding sections 103, 104, and 110 of P.L.
16102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66,
17sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, sections 1, 3,
184, and 5 of P.L. 106-519, sections 162 and 165 of P.L. 106-554, P.L. 106-573, section
19431 of P.L. 107-16, sections 101 and 301 (a) of P.L. 107-147, sections 106, 201, and
20202 of P.L. 108-27, section 1201 of P.L. 108-173, sections 306, 308, 316, 401, and 403
21(a) of P.L. 108-311, sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910
22of P.L. 108-357, P.L. 109-1, sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326,
231328, 1329, 1348, and 1351 of P.L. 109-58, section 11146 of P.L. 109-59, section 301
24of P.L. 109-73, sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403
25(e), (j), and (q), and 405 of P.L. 109-135, sections 101, 207, 209, 503, and 513 of P.L.

1109-222, section 844 of P.L. 109-280, P.L. 109-432, P.L. 110-28, P.L. 110-140, and
2P.L. 110-172, and as amended by P.L. 110-458, and as indirectly affected by P.L.
399-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L.
4101-239, P.L. 101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L.
5102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150
6(d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L.
7103-465, P.L. 104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
81311, and 1605 (d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L.
9105-34, P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L.
10106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, P.L. 107-15,
11P.L. 107-16, excluding section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116, P.L.
12107-134, P.L. 107-147, excluding sections 101 and 301 (a) of P.L. 107-147, P.L.
13107-181, P.L. 107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27, excluding sections
14106, 201, and 202 of P.L. 108-27, P.L. 108-121, P.L. 108-173, excluding section 1201
15of P.L. 108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections 306,
16308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201,
17211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L.
18108-476, P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323,
191324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-59, excluding
20section 11146 of P.L. 109-59, P.L. 109-73, excluding section 301 of P.L. 109-73, P.L.
21109-135, excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402
22(e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L. 109-151, P.L. 109-222, excluding
23sections 101, 207, 209, 503, and 513 of P.L. 109-222, P.L. 109-227, P.L. 109-280,
24excluding section 844 of P.L. 109-280, and P.L. 110-458, except that "Internal
25Revenue Code" does not include section 847 of the federal Internal Revenue Code.

1The Internal Revenue Code applies for Wisconsin purposes at the same time as for
2federal purposes. Amendments to the federal Internal Revenue Code enacted after
3December 31, 2007, do not apply to this paragraph with respect to taxable years
4beginning after December 31, 2007, and before January 1, 2009, except that changes
5to the Internal Revenue Code made by P.L. 110-458, and changes that indirectly
6affect the provisions applicable to this subchapter made by P.L. 110-458, apply for
7Wisconsin purposes at the same time as for federal purposes.
AB75-ASA1, s. 1699 8Section 1699. 71.42 (2) (tm) of the statutes is created to read:
AB75-ASA1,938,29 71.42 (2) (tm) For taxable years that begin after December 31, 2008, "Internal
10Revenue Code" means the federal Internal Revenue Code as amended to
11December 31, 2008, excluding sections 103, 104, and 110 of P.L. 102-227, sections
1213113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, sections 1123 (b),
131202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, sections 1, 3, 4, and 5 of P.L.
14106-519, sections 162 and 165 of P.L. 106-554, P.L. 106-573, section 431 of P.L.
15107-16, sections 101 and 301 (a) of P.L. 107-147, sections 106, 201, and 202 of P.L.
16108-27, section 1201 of P.L. 108-173, sections 306, 308, 316, 401, and 403 (a) of P.L.
17108-311, sections 101, 102, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
18108-357, P.L. 109-1, sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
191329, 1348, and 1351 of P.L. 109-58, section 11146 of P.L. 109-59, section 301 of P.L.
20109-73, sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),
21(j), and (q), and 405 of P.L. 109-135, sections 101, 207, 209, 503, and 513 of P.L.
22109-222, section 844 of P.L. 109-280, P.L. 109-432, P.L. 110-28, P.L. 110-140, P.L.
23110-141, P.L. 110-142, P.L. 110-166, P.L. 110-172, P.L. 110-185, P.L. 110-234, P.L.
24110-245, P.L. 110-289, P.L. 110-317, P.L. 110-343, and P.L. 110-351, and as
25indirectly affected by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L.

1101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections
2103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding
3sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L.
4103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188, excluding sections
51123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L. 104-191, P.L.
6104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L.
7106-36, P.L. 106-170, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of
8P.L. 106-554, P.L. 107-15, P.L. 107-16, excluding section 431 of P.L. 107-16, P.L.
9107-22, P.L. 107-116, P.L. 107-134, P.L. 107-147, excluding sections 101 and 301 (a)
10of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27,
11excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, P.L. 108-173,
12excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311,
13excluding sections 306, 308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357,
14excluding sections 101, 102, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of
15P.L. 108-357, P.L. 108-375, P.L. 108-476, P.L. 109-7, P.L. 109-58, excluding sections
161305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
17109-58, P.L. 109-59, excluding section 11146 of P.L. 109-59, P.L. 109-73, excluding
18section 301 of P.L. 109-73, P.L. 109-135, excluding sections 101, 105, 201 (a) as it
19relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L.
20109-151, P.L. 109-222, excluding sections 101, 207, 209, 503, and 513 of P.L.
21109-222, P.L. 109-227, P.L. 109-280, excluding section 844 of P.L. 109-280, and P.L.
22110-458, except that "Internal Revenue Code" does not include section 847 of the
23federal Internal Revenue Code. The Internal Revenue Code applies for Wisconsin
24purposes at the same time as for federal purposes. Amendments to the federal

1Internal Revenue Code enacted after December 31, 2008, do not apply to this
2paragraph with respect to taxable years beginning after December 31, 2008.
AB75-ASA1, s. 1700 3Section 1700. 71.44 (3) of the statutes is renumbered 71.44 (3) (a) and
4amended to read:
AB75-ASA1,938,155 71.44 (3) (a) In the case of a corporation required to file a return, the
6department of revenue shall allow an automatic extension of 7 months or until the
7original due date of the corporation's corresponding federal return, whichever is
8later. Any extension of time granted by law or by the internal revenue service for the
9filing of corresponding federal returns shall extend the time for filing under this
10subchapter to 30 days after the federal due date if the corporation reports the
11extension in the manner specified by the department on the return. Except for
12payments of estimated taxes, income or franchise taxes payable upon the filing of the
13tax return shall not become delinquent during such extension period, but shall,
14except as provided in par. (b),
be subject to interest at the rate of 12% per year during
15such period.
AB75-ASA1, s. 1701 16Section 1701. 71.44 (3) (b) of the statutes is created to read:
AB75-ASA1,938,2117 71.44 (3) (b) For taxable years beginning after December 31, 2008, for persons
18who qualify for a federal extension of time to file under 26 USC 7508A due to a
19presidentially declared disaster or terroristic or military action, income or franchise
20taxes payable upon the filing of the tax return are not subject to interest as otherwise
21provided under par. (a).
AB75-ASA1, s. 1701m 22Section 1701m. 71.45 (1t) (j) of the statutes is created to read:
AB75-ASA1,938,2323 71.45 (1t) (j) Those issued under s. 59.58 (7) (f).
AB75-ASA1, s. 1702d 24Section 1702d. 71.45 (2) (a) 10. of the statutes, as affected by 2009 Wisconsin
25Act 2
, is amended to read:
AB75-ASA1,939,7
171.45 (2) (a) 10. By adding to federal taxable income the amount of credit
2computed under s. 71.47 (1dd) to (1dy), (3g), (3h), (3n), (3p), (3q), (3r), (3w), (5e), (5f),
3(5g), (5h), (5i), (5j), and (5k), and (8r) and not passed through by a partnership,
4limited liability company, or tax-option corporation that has added that amount to
5the partnership's, limited liability company's, or tax-option corporation's income
6under s. 71.21 (4) or 71.34 (1k) (g) and the amount of credit computed under s. 71.47
7(1), (3), (3t), (4), (4m), and (5).
AB75-ASA1, s. 1704 8Section 1704. 71.47 (1fd) of the statutes is repealed.
AB75-ASA1, s. 1705 9Section 1705. 71.47 (2m) (a) 1. (intro.) of the statutes is amended to read:
AB75-ASA1,939,1210 71.47 (2m) (a) 1. (intro.) "Claimant" means an owner of farmland, as defined
11in s. 91.01 (9), 2007 stats., of farmland domiciled in this state during the entire year
12for which a credit under this subsection is claimed, except as follows:
AB75-ASA1, s. 1706 13Section 1706. 71.47 (2m) (a) 3. of the statutes is amended to read:
AB75-ASA1,939,2314 71.47 (2m) (a) 3. "Farmland" means 35 or more acres of real property, exclusive
15of improvements, in this state, in agricultural use, as defined in s. 91.01 (1), 2007
16stats.,
and owned by the claimant or any member of the claimant's household during
17the taxable year for which a credit under this subsection is claimed if the farm of
18which the farmland is a part, during that year, produced not less than $6,000 in gross
19farm profits resulting from agricultural use, as defined in s. 91.01 (1), 2007 stats., or
20if the farm of which the farmland is a part, during that year and the 2 years
21immediately preceding that year, produced not less than $18,000 in such profits, or
22if at least 35 acres of the farmland, during all or part of that year, was enrolled in the
23conservation reserve program under 16 USC 3831 to 3836.
AB75-ASA1, s. 1707 24Section 1707. 71.47 (2m) (a) 4. of the statutes is amended to read:
AB75-ASA1,940,6
171.47 (2m) (a) 4. "Gross farm profits" means gross receipts, excluding rent,
2from agricultural use, as defined in s. 91.01 (1), 2007 stats., including the fair market
3value at the time of disposition of payments in kind for placing land in federal
4programs or payments from the federal dairy termination program under 7 USC
51446
(d), less the cost or other basis of livestock or other items purchased for resale
6which are sold or otherwise disposed of during the taxable year.
AB75-ASA1, s. 1708 7Section 1708. 71.47 (2m) (e) of the statutes is created to read:
AB75-ASA1,940,98 71.47 (2m) (e) Sunset. No new claim may be filed under this subsection for a
9taxable year that begins after December 31, 2009.
AB75-ASA1, s. 1709 10Section 1709. 71.47 (3) (a) 1. of the statutes is amended to read:
AB75-ASA1,940,1211 71.47 (3) (a) 1. "Manufacturing" has the meaning given in s. 77.54 (6m), 2007
12stats
.
AB75-ASA1, s. 1720 13Section 1720. 71.47 (3q) of the statutes is created to read:
AB75-ASA1,940,1414 71.47 (3q) Jobs tax credit. (a) Definitions. In this subsection:
AB75-ASA1,940,1615 1. "Claimant" means a person certified to receive tax benefits under s. 560.2055
16(2).
AB75-ASA1,940,1817 2. "Eligible employee" means an eligible employee under s. 560.2055 (1) (b) who
18satisfies the wage requirements under s. 560.2055 (3) (a) or (b).
AB75-ASA1,940,2119 (b) Filing claims. Subject to the limitations provided in this subsection and s.
20560.2055, for taxable years beginning after December 31, 2011, a claimant may claim
21as a credit against the taxes imposed under s. 71.43 any of the following:
AB75-ASA1,940,2422 1. The amount of wages that the claimant paid to an eligible employee in the
23taxable year, not to exceed 10 percent of such wages, as determined by the
24department of commerce under s. 560.2055.
AB75-ASA1,941,3
12. The amount of the costs incurred by the claimant in the taxable year, as
2determined under s. 560.2055, to undertake the training activities described under
3s. 560.2055 (3) (c).
AB75-ASA1,941,114 (c) Limitations. 1. Partnerships, limited liability companies, and tax-option
5corporations may not claim the credit under this subsection, but the eligibility for,
6and the amount of, the credit are based on their payment of amounts under par. (b).
7A partnership, limited liability company, or tax-option corporation shall compute
8the amount of credit that each of its partners, members, or shareholders may claim
9and shall provide that information to each of them. Partners, members of limited
10liability companies, and shareholders of tax-option corporations may claim the
11credit in proportion to their ownership interests.
AB75-ASA1,941,1412 2. No credit may be allowed under this subsection unless the claimant includes
13with the claimant's return a copy of the claimant's certification for tax benefits under
14s. 560.2055 (2).
AB75-ASA1,941,1615 (d) Administration. 1. Section 71.28 (4) (e), (g), and (h), as it applies to the
16credit under s. 71.28 (4), applies to the credit under this subsection.
AB75-ASA1,941,2117 2. If the allowable amount of the claim under par. (b) exceeds the tax otherwise
18due under s. 71.43, the amount of the claim not used to offset the tax due shall be
19certified by the department of revenue to the department of administration for
20payment by check, share draft, or other draft drawn from the appropriation account
21under s. 20.835 (2) (bb).
AB75-ASA1, s. 1722 22Section 1722. 71.47 (4m) of the statutes is created to read:
AB75-ASA1,942,323 71.47 (4m) Super research and development credit. (a) Definition. In this
24subsection, "qualified research expenses" means qualified research expenses as
25defined in section 41 of the Internal Revenue Code, except that "qualified research

1expenses" includes only expenses incurred by the claimant for research conducted
2in this state for the taxable year and except that "qualified research expenses" do not
3include compensation used in computing the credits under subs. (1dj) and (1dx).
AB75-ASA1,942,84 (b) Credit. Subject to the limitations provided under this subsection, for
5taxable years beginning on or after January 1, 2011, a corporation may claim as a
6credit against the tax imposed under s. 71.43, up to the amount of those taxes, an
7amount equal to the amount of qualified research expenses paid or incurred by the
8corporation in the taxable year that exceeds the amount calculated as follows:
AB75-ASA1,942,119 1. Determine the average amount of the qualified research expenses paid or
10incurred by the corporation in the 3 taxable years immediately preceding the taxable
11year for which a credit is claimed under this subsection.
AB75-ASA1,942,1212 2. Multiply the amount determined under subd. 1. by 1.25.
AB75-ASA1,942,1413 (c) Limitations. Section 71.28 (4) (b) to (d) and (i), as it applies to the credit
14under s. 71.28 (4), applies to the credit under this subsection.
AB75-ASA1,942,1615 (d) Administration. 1. Section 71.28 (4) (e), (g), and (h), as it applies to the
16credit under s. 71.28 (4), applies to the credit under this subsection.
AB75-ASA1,942,2217 2. If a credit computed under this subsection is not entirely offset against
18Wisconsin income or franchise taxes otherwise due, the unused balance may be
19carried forward and credited against Wisconsin income or franchise taxes otherwise
20due for the following 5 taxable years to the extent not offset by these taxes otherwise
21due in all intervening years between the year in which the expense was incurred and
22the year in which the carry-forward credit is claimed.
AB75-ASA1, s. 1725 23Section 1725. 71.47 (5b) (d) 3. of the statutes is created to read:
AB75-ASA1,943,324 71.47 (5b) (d) 3. For calendar years beginning after December 31, 2007, if an
25investment for which a claimant claims a credit under par. (b) is held by the claimant

1for less than 3 years, the claimant shall pay to the department, in the manner
2prescribed by the department, the amount of the credit that the claimant received
3related to the investment.
AB75-ASA1, s. 1725w 4Section 1725w. 71.47 (5f) of the statutes is repealed and recreated to read:
AB75-ASA1,943,55 71.47 (5f) Film production services credit. (a) Definitions. In this subsection:
AB75-ASA1,943,166 1. "Accredited production" means a film, video, broadcast advertisement, or
7television production, as approved by the department of commerce, for which the
8aggregate salary and wages included in the cost of the production for the period
9ending 12 months after the month in which the principal filming or taping of the
10production begins exceeds $100,000 for a production that is 30 minutes or longer or
11$50,000 for a production that is less than 30 minutes. "Accredited production" also
12means an electronic game, as approved by the department of commerce, for which
13the aggregate salary and wages included in the cost of the production for the period
14ending 36 months after the month in which the principal programming, filming, or
15taping of the production begins exceeds $100,000. "Accredited production" does not
16include any of the following, regardless of the production costs:
AB75-ASA1,943,1817 a. News, current events, or public programming or a program that includes
18weather or market reports.
AB75-ASA1,943,1919 b. A talk show.
AB75-ASA1,943,2020 c. A production with respect to a questionnaire or contest.
AB75-ASA1,943,2121 d. A sports event or sports activity.
AB75-ASA1,943,2222 e. A gala presentation or awards show.
AB75-ASA1,943,2323 f. A finished production that solicits funds.
AB75-ASA1,944,3
1g. A production for which the production company is required under 18 USC
22257
to maintain records with respect to a performer portrayed in a single media or
3multimedia program.
AB75-ASA1,944,54 h. A production produced primarily for industrial, corporate, or institutional
5purposes.
AB75-ASA1,944,66 2. "Claimant" means a person who files a claim under this subsection.
AB75-ASA1,944,157 3. "Production expenditures" means any expenditures that are incurred in this
8state and directly used to produce an accredited production, including expenditures
9for set construction and operation, wardrobes, make-up, clothing accessories,
10photography, sound recording, sound synchronization, sound mixing, lighting,
11editing, film processing, film transferring, special effects, visual effects, renting or
12leasing facilities or equipment, renting or leasing motor vehicles, food, lodging, and
13any other similar expenditure as determined by the department of commerce.
14"Production expenditures" do not include salary, wages, or labor-related contract
15payments.
AB75-ASA1,944,1816 (b) Filing claims. Subject to the limitations provided in this subsection, for
17taxable years beginning after December 31, 2008, a claimant may claim as a credit
18against the tax imposed under s. 71.43 any of the following amounts:
AB75-ASA1,945,319 1. An amount equal to 25 percent of the salary, wages, or labor-related contract
20payments paid by the claimant in the taxable year to individuals, including actors,
21who were residents of this state at the time that they were paid and who worked on
22an accredited production in this state, not including the salary, wages, or contract
23payments paid to any individual who was paid more than $250,000. A claimant may
24claim an additional amount equal to 3 percent of any salary, wages, or contract
25payments described in this subdivision if the individual who received the salary,

1wages, or contract payments was also living in an economically distressed area of this
2state, as determined by the department of commerce under s. 560.706 (2) (e), at the
3time that the individual was paid.
AB75-ASA1,945,104 2. An amount equal to 20 percent of the salary, wages, or labor-related contract
5payments paid by the claimant in the taxable year to individuals who were not
6residents of this state at the time that they were paid and who worked on an
7accredited production in this state, not including the salary, wages, or contract
8payments paid to any individual who was paid more than $250,000 or paid as
9above-the-line expenses to individuals such as nontechnical crew members,
10producers, writers, casting directors, and actors.
AB75-ASA1,945,1211 3. An amount equal to 25 percent of the production expenditures paid by the
12claimant in the taxable year to produce an accredited production.
AB75-ASA1,945,1513 (c) Limitations. 1. A claimant may not claim a credit under this subsection if
14less than 35 percent of the total budget for the accredited production is spent in this
15state.
AB75-ASA1,945,1916 2. The total amount of the credits that a claimant may claim under par. (b) 2.
17in a taxable year shall not exceed an amount equal to the first $20,000 of salary,
18wages, or labor-related contract payments paid to each individual described in par.
19(b) 2. in the taxable year.
AB75-ASA1,945,2220 3. No credit may be claimed under par. (b) 3. for the purchase of tangible
21personal property or items, property, or goods under s. 77.52 (1) (b), (c), or (d) the sale
22of which is not sourced to this state, as provided under s. 77.522.
AB75-ASA1,945,2423 4. The maximum amount of all credits that a claimant may claim under this
24subsection for each accredited production is $10,000,000.
AB75-ASA1,946,5
15. The maximum amount of the credits that may be claimed under this
2subsection and sub. (5h) and ss. 71.07 (5f) and (5h) and 71.28 (5f) and (5h) in fiscal
3year 2009-10 is $1,500,000. The maximum amount of the credits that may be
4claimed under this subsection and sub. (5h) and ss. 71.07 (5f) and (5h) and 71.28 (5f)
5and (5h) in fiscal year 2010-11 is $1,500,000.
AB75-ASA1,946,126 6. No credit may be allowed under this subsection unless the claimant files an
7application with the department of commerce, at the time and in the manner
8prescribed by the department of commerce, and the department of commerce
9approves the application. The claimant shall submit a fee with the application in an
10amount equal to 2 percent of the claimant's budgeted production expenditures or to
11$5,000, whichever is less. The claimant shall submit a copy of the approved
12application with the claimant's return.
AB75-ASA1,946,2013 7. Partnerships, limited liability companies, and tax-option corporations may
14not claim the credit under this subsection, but the eligibility for, and the amount of,
15the credit are based on their payment of amounts under par. (b). A partnership,
16limited liability company, or tax-option corporation shall compute the amount of
17credit that each of its partners, members, or shareholders may claim and shall
18provide that information to each of them. Partners, members of limited liability
19companies, and shareholders of tax-option corporations may claim the credit in
20proportion to their ownership interest.
AB75-ASA1,946,2221 (d) Administration. 1. Section 71.28 (4) (e), (g), and (h), as it applies to the
22credit under s. 71.28 (4), applies to the credits under this subsection.
AB75-ASA1,947,223 2. If the allowable amount of the claim under par. (b) exceeds the tax otherwise
24due under s. 71.43 or no tax is due under s. 71.43, the amount of the claim not used
25to offset the tax due shall be certified by the department of revenue to the department

1of administration for payment by check, share draft, or other draft drawn from the
2appropriation account under s. 20.835 (2) (bm).
AB75-ASA1, s. 1726x 3Section 1726x. 71.47 (5h) (a) 2. of the statutes is amended to read:
AB75-ASA1,947,74 71.47 (5h) (a) 2. "Film production company" means an entity that exclusively
5creates films, videos, electronic games, broadcast advertisement, or television
6productions, not including the productions described under s. 71.47
accredited
7productions, as defined in sub.
(5f) (a) 1. a. to h.
AB75-ASA1, s. 1726yb 8Section 1726yb. 71.47 (5h) (b) (intro.) of the statutes is amended to read:
AB75-ASA1,947,159 71.47 (5h) (b) Filing claims. (intro.) Subject to the limitations provided in this
10subsection, for taxable years beginning after December 31, 2007 2008, a claimant
11may claim as a credit against the tax imposed under s. 71.43, up to the amount of the
12taxes, for the first 3 taxable years that the claimant is doing business in this state
13as a film production company,
an amount that is equal to 15 percent of the following
14that the claimant paid in the taxable year to establish or operate a film production
15company in this state:
AB75-ASA1, s. 1726yc 16Section 1726yc. 71.47 (5h) (b) 1. of the statutes is amended to read:
Loading...
Loading...