AB75-SSA1, s. 1608 17Section 1608. 71.22 (4) (um) of the statutes is created to read:
AB75-SSA1,817,1218 71.22 (4) (um) Except as provided in sub. (4m) and ss. 71.26 (2) (b) and (3), 71.34
19(1g), and 71.42 (2), "Internal Revenue Code," for taxable years that begin after
20December 31, 2008, means the federal Internal Revenue Code as amended to
21December 31, 2008, excluding sections 103, 104, and 110 of P.L. 102-227, sections
2213113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, sections 1123 (b),
231202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, sections 1, 3, 4, and 5 of P.L.
24106-519, sections 162 and 165 of P.L. 106-554, P.L. 106-573, section 431 of P.L.
25107-16, sections 101 and 301 (a) of P.L. 107-147, sections 106, 201, and 202 of P.L.

1108-27, section 1201 of P.L. 108-173, sections 306, 308, 316, 401, and 403 (a) of P.L.
2108-311, sections 101, 102, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
3108-357, P.L. 109-1, sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
41329, 1348, and 1351 of P.L. 109-58, section 11146 of P.L. 109-59, section 301 of P.L.
5109-73, sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),
6(j), and (q), and 405 of P.L. 109-135, sections 101, 207, 209, 503, and 513 of P.L.
7109-222, section 844 of P.L. 109-280, P.L. 109-432, P.L. 110-28, P.L. 110-140, P.L.
8110-141, P.L. 110-142, P.L. 110-166, P.L. 110-172, P.L. 110-185, P.L. 110-234, P.L.
9110-245, P.L. 110-289, P.L. 110-317, P.L. 110-343, and P.L. 110-351, and as
10indirectly affected in the provisions applicable to this subchapter by P.L. 99-514, P.L.
11100-203, P.L. 100-647, excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821
12(b) (2), and 823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of P.L. 100-647, P.L.
13101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227,
14excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L.
15103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
16103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188,
17excluding sections 1123 (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 sections
22101 and 301 (a) of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L. 107-276, P.L.
23107-358, P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L.
24108-121, P.L. 108-173, excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L.
25108-218, P.L. 108-311, excluding sections 306, 308, 316, 401, and 403 (a) of P.L.

1108-311, P.L. 108-357, excluding sections 101, 102, 201, 211, 242, 244, 336, 337, 422,
2847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 108-476, P.L. 109-7, P.L.
3109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
41329, 1348, and 1351 of P.L. 109-58, P.L. 109-59, excluding section 11146 of P.L.
5109-59, P.L. 109-73, excluding section 301 of P.L. 109-73, P.L. 109-135, excluding
6sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and
7(q), and 405 of P.L. 109-135, P.L. 109-151, P.L. 109-222, excluding sections 101, 207,
8209, 503, and 513 of P.L. 109-222, P.L. 109-227, P.L. 109-280, excluding section 844
9of P.L. 109-280, and P.L. 110-458. The Internal Revenue Code applies for Wisconsin
10purposes at the same time as for federal purposes. Amendments to the federal
11Internal Revenue Code enacted after December 31, 2008, do not apply to this
12paragraph with respect to taxable years beginning after December 31, 2008.
AB75-SSA1, s. 1609 13Section 1609. 71.22 (4m) (L) of the statutes is repealed.
AB75-SSA1, s. 1610 14Section 1610. 71.22 (4m) (m) of the statutes is amended to read:
AB75-SSA1,820,715 71.22 (4m) (m) For taxable years that begin after December 31, 1999, and
16before January 1, 2003, "Internal Revenue Code", for corporations that are subject
17to a tax on unrelated business income under s. 71.26 (1) (a), means the federal
18Internal Revenue Code as amended to December 31, 1999, excluding sections 103,
19104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203
20(d) of P.L. 103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
21104-188, and as amended by P.L. 106-230, P.L. 106-554, excluding sections 162 and
22165 of P.L. 106-554, P.L. 107-15, P.L. 107-16, excluding section 431 of P.L. 107-16,
23P.L. 107-22, P.L. 107-116, P.L. 107-134, P.L. 107-147, excluding sections 101, 301
24(a), and 406 of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L. 107-276, P.L. 107-358,
25P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121,

1excluding section 109 of P.L. 108-121, P.L. 108-218, P.L. 108-311, excluding sections
2306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections
3101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 109-7,
4P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
51329, 1348, and 1351 of P.L. 109-58, P.L. 109-135, excluding sections 101, 105, 201
6(a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
7109-135, and P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L.
8110-458,
and as indirectly affected in the provisions applicable to this subchapter by
9P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179,
10P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L.
11102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150
12(d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L.
13103-465, P.L. 104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
141311, and 1605 (d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L.
15105-34, P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L.
16106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, P.L. 107-15,
17P.L. 107-16, excluding section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116, P.L.
18107-134, P.L. 107-147, excluding sections 101, 301 (a), and 406 of P.L. 107-147, P.L.
19107-181, P.L. 107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27, excluding sections
20106, 201, and 202 of P.L. 108-27, P.L. 108-121, excluding section 109 of P.L. 108-121,
21P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308, 316, 401, and 403 (a)
22of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336, 337,
23422, 847, 909, and 910 of P.L. 108-357, P.L. 109-7, P.L. 109-58, excluding sections
241305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
25109-58, P.L. 109-135, excluding sections 101, 105, 201 (a) as it relates to section

11400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, and P.L. 109-280,
2excluding sections 811 and 844 of P.L. 109-280, and P.L. 110-458. The Internal
3Revenue Code applies for Wisconsin purposes at the same time as for federal
4purposes. Amendments to the Internal Revenue Code enacted after December 31,
51999, do not apply to this paragraph with respect to taxable years beginning after
6December 31, 1999, and before January 1, 2003, except that changes to the Internal
7Revenue Code made by P.L. 106-230, P.L. 106-554, excluding sections 162 and 165
8of P.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, 301 (a),
10and 406 of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L. 107-276, P.L. 107-358, P.L.
11108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, excluding
12section 109 of P.L. 108-121, P.L. 108-218, P.L. 108-311, excluding sections 306, 307,
13308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201,
14211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 109-7, P.L.
15109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
161329, 1348, and 1351 of P.L. 109-58, P.L. 109-135, excluding sections 101, 105, 201
17(a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
18109-135, and P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L.
19110-458,
and changes that indirectly affect the provisions applicable to this
20subchapter made by P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of
21P.L. 106-554, P.L. 107-15, P.L. 107-16, excluding section 431 of P.L. 107-16, P.L.
22107-22, P.L. 107-116, P.L. 107-134, P.L. 107-147, excluding sections 101, 301 (a),
23and 406 of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L. 107-276, P.L. 107-358, P.L.
24108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, excluding
25section 109 of P.L. 108-121, P.L. 108-218, P.L. 108-311, excluding sections 306, 307,

1308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201,
2211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 109-7, P.L.
3109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
41329, 1348, and 1351 of P.L. 109-58, P.L. 109-135, excluding sections 101, 105, 201
5(a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
6109-135, and P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L.
7110-458,
apply for Wisconsin purposes at the same time as for federal purposes.
AB75-SSA1, s. 1611 8Section 1611. 71.22 (4m) (n) of the statutes is amended to read:
AB75-SSA1,822,219 71.22 (4m) (n) For taxable years that begin after December 31, 2002, and
10before January 1, 2004, "Internal Revenue Code," for corporations that are subject
11to a tax on unrelated business income under s. 71.26 (1) (a), means the federal
12Internal Revenue Code as amended to December 31, 2002, excluding sections 103,
13104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203
14(d) of P.L. 103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
15104-188, P.L. 106-519, sections 162 and 165 of P.L. 106-554, P.L. 106-573, section
16431 of P.L. 107-16, and sections 101 and 301 (a) of P.L. 107-147, and as amended by
17P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121,
18excluding section 109 of P.L. 108-121, P.L. 108-173, excluding section 1201 of P.L.
19108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308,
20316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 211,
21242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 109-7,
22P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
231329, 1348, and 1351 of P.L. 109-58, P.L. 109-135, excluding sections 101, 105, 201
24(a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
25109-135, and P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L.

1110-458,
and as indirectly affected in the provisions applicable to this subchapter by
2P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179,
3P.L. 101-239, 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 sections 101 and 301 (a) of P.L. 107-147, P.L.
12107-181, P.L. 107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27, excluding sections
13106, 201, and 202 of P.L. 108-27, P.L. 108-121, excluding section 109 of P.L. 108-121,
14P.L. 108-173, excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L. 108-218,
15P.L. 108-311, excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311,
16P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and
17910 of P.L. 108-357, P.L. 108-375, P.L. 109-7, P.L. 109-58, excluding sections 1305,
181308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58,
19P.L. 109-135, excluding sections 101, 105, 201 (a) as it relates to section 1400S (a),
20402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, and P.L. 109-280, excluding
21sections 811 and 844 of P.L. 109-280, and P.L. 110-458. The Internal Revenue Code
22applies for Wisconsin purposes at the same time as for federal purposes.
23Amendments to the Internal Revenue Code enacted after December 31, 2002, do not
24apply to this paragraph with respect to taxable years beginning after
25December 31, 2002, and before January 1, 2004, except that changes to the Internal

1Revenue Code made by P.L. 108-27, excluding sections 106, 201, and 202 of P.L.
2108-27, P.L. 108-121, excluding section 109 of P.L. 108-121, P.L. 108-173, excluding
3section 1201 of P.L. 108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding
4sections 306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding
5sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L.
6108-375, P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323,
71324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-135, excluding
8sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and
9(q), and 405 of P.L. 109-135, and P.L. 109-280, excluding sections 811 and 844 of P.L.
10109-280, and P.L. 110-458, and changes that indirectly affect the provisions
11applicable to this subchapter made by P.L. 108-27, excluding sections 106, 201, and
12202 of P.L. 108-27, P.L. 108-121, excluding section 109 of P.L. 108-121, P.L. 108-173,
13excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311,
14excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357,
15excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
16108-357, P.L. 108-375, P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309,
171310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, 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, and P.L. 109-280, excluding sections
20811 and 844 of P.L. 109-280, and P.L. 110-458, apply for Wisconsin purposes at the
21same time as for federal purposes.
AB75-SSA1, s. 1612 22Section 1612. 71.22 (4m) (o) of the statutes is amended to read:
AB75-SSA1,825,923 71.22 (4m) (o) For taxable years that begin after December 31, 2003, and
24before January 1, 2005, "Internal Revenue Code," for corporations that are subject
25to a tax on unrelated business income under s. 71.26 (1) (a), means the federal

1Internal Revenue Code as amended to December 31, 2003, excluding sections 103,
2104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203
3(d) of P.L. 103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
4104-188, P.L. 106-519, sections 162 and 165 of P.L. 106-554, P.L. 106-573, section
5431 of P.L. 107-16, sections 101 and 301 (a) of P.L. 107-147, sections 106, 201, and
6202 of P.L. 108-27, section 109 of P.L. 108-121, and section 1201 of P.L. 108-173, and
7as amended by P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 307,
8308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201,
9211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L.
10108-476, P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323,
111324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-73, excluding
12section 301 of P.L. 109-73, P.L. 109-135, excluding sections 101, 105, 201 (a) as it
13relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L.
14109-227, and P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L.
15110-458,
and as indirectly affected in the provisions applicable to this subchapter by
16P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179,
17P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L.
18102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150
19(d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L.
20103-465, P.L. 104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
211311, and 1605 (d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L.
22105-34, P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L.
23106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, P.L. 107-15,
24P.L. 107-16, excluding section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116, P.L.
25107-134, P.L. 107-147, excluding sections 101 and 301 (a) of P.L. 107-147, P.L.

1107-181, P.L. 107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27, excluding sections
2106, 201, and 202 of P.L. 108-27, P.L. 108-121, excluding section 109 of P.L. 108-121,
3P.L. 108-173, excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L. 108-218,
4P.L. 108-311, excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311,
5P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and
6910 of P.L. 108-357, P.L. 108-375, P.L. 108-476, P.L. 109-7, P.L. 109-58, excluding
7sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351
8of P.L. 109-58, P.L. 109-73, excluding section 301 of P.L. 109-73, P.L. 109-135,
9excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),
10(j), and (q), and 405 of P.L. 109-135, P.L. 109-227, and P.L. 109-280, excluding
11sections 811 and 844 of P.L. 109-280, and P.L. 110-458. The Internal Revenue Code
12applies for Wisconsin purposes at the same time as for federal purposes.
13Amendments to the Internal Revenue Code enacted after December 31, 2003, do not
14apply to this paragraph with respect to taxable years beginning after
15December 31, 2003, and before January 1, 2005, except that changes to the Internal
16Revenue Code made by P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections
17306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections
18101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L.
19108-375, P.L. 108-476, P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309,
201310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-73,
21excluding section 301 of P.L. 109-73, 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, P.L. 109-227, and P.L. 109-280, excluding sections 811 and 844 of P.L.
24109-280, and P.L. 110-458, and changes that indirectly affect the provisions
25applicable to this subchapter made by P.L. 108-203, P.L. 108-218, P.L. 108-311,

1excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357,
2excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
3108-357, P.L. 108-375, P.L. 108-476, P.L. 109-7, P.L. 109-58, excluding sections
41305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
5109-58, P.L. 109-73, excluding section 301 of P.L. 109-73, P.L. 109-135, excluding
6sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and
7(q), and 405 of P.L. 109-135, P.L. 109-227, and P.L. 109-280, excluding sections 811
8and 844 of P.L. 109-280, and P.L. 110-458, apply for Wisconsin purposes at the same
9time as for federal purposes.
AB75-SSA1, s. 1613 10Section 1613. 71.22 (4m) (p) of the statutes is amended to read:
AB75-SSA1,827,1911 71.22 (4m) (p) For taxable years that begin after December 31, 2004, and
12before January 1, 2006, "Internal Revenue Code," for corporations that are subject
13to a tax on unrelated business income under s. 71.26 (1) (a), means the federal
14Internal Revenue Code as amended to December 31, 2004, excluding sections 103,
15104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203
16(d) of P.L. 103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
17104-188, sections 1, 3, 4, and 5 of P.L. 106-519, sections 162 and 165 of P.L. 106-554,
18P.L. 106-573, section 431 of P.L. 107-16, sections 101 and 301 (a) 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, 316, 401, and 403 (a) of P.L. 108-311, and sections 101, 201, 211, 242, 244, 336,
21337, 422, 847, 909, and 910 of P.L. 108-357, and as amended by 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. 109-73, excluding section 301 of P.L.
24109-73, P.L. 109-135, excluding sections 101, 105, 201 (a) as it relates to section
251400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L. 109-151, P.L.

1109-222, excluding sections 101, 207, 209, 503, 512, and 513 of P.L. 109-222, P.L.
2109-227, and P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L.
3110-458,
and as indirectly affected in the provisions applicable to this subchapter by
4P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179,
5P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L.
6102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150
7(d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L.
8103-465, P.L. 104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
91311, and 1605 (d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L.
10105-34, P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L.
11106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, P.L. 107-15,
12P.L. 107-16, excluding section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116, P.L.
13107-134, P.L. 107-147, excluding sections 101 and 301 (a) of P.L. 107-147, P.L.
14107-181, P.L. 107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27, excluding sections
15106, 201, and 202 of P.L. 108-27, P.L. 108-121, P.L. 108-173, excluding section 1201
16of P.L. 108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections 306,
17308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201,
18211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L.
19108-476, P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323,
201324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-73, excluding
21section 301 of P.L. 109-73, P.L. 109-135, excluding sections 101, 105, 201 (a) as it
22relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L.
23109-151, P.L. 109-222, excluding sections 101, 207, 209, 503, 512, and 513 of P.L.
24109-222, P.L. 109-227, and P.L. 109-280, excluding sections 811 and 844 of P.L.
25109-280, and P.L. 110-458. The Internal Revenue Code applies for Wisconsin

1purposes at the same time as for federal purposes. Amendments to the Internal
2Revenue Code enacted after December 31, 2004, do not apply to this paragraph with
3respect to taxable years beginning after December 31, 2004, and before January 1,
42006, except that changes to the Internal Revenue Code made by P.L. 109-7, P.L.
5109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
61329, 1348, and 1351 of P.L. 109-58, P.L. 109-73, excluding section 301 of P.L.
7109-73, P.L. 109-135, excluding sections 101, 105, 201 (a) as it relates to section
81400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L. 109-151, P.L.
9109-222, excluding sections 101, 207, 209, 503, 512, and 513 of P.L. 109-222, P.L.
10109-227, and P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L.
11110-458,
and changes that indirectly affect the provisions applicable to this
12subchapter made by P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309,
131310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-73,
14excluding section 301 of P.L. 109-73, P.L. 109-135, excluding sections 101, 105, 201
15(a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
16109-135, P.L. 109-151, P.L. 109-222, excluding sections 101, 207, 209, 503, 512, and
17513 of P.L. 109-222, P.L. 109-227, and P.L. 109-280, excluding sections 811 and 844
18of P.L. 109-280, and P.L. 110-458, apply for Wisconsin purposes at the same time as
19for federal purposes.
AB75-SSA1, s. 1614 20Section 1614. 71.22 (4m) (q) of the statutes is amended to read:
AB75-SSA1,829,2021 71.22 (4m) (q) For taxable years that begin after December 31, 2005, and
22before January 1, 2007, "Internal Revenue Code," for corporations that are subject
23to a tax on unrelated business income under s. 71.26 (1) (a), means the federal
24Internal Revenue Code as amended to December 31, 2005, excluding sections 103,
25104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203

1(d) of P.L. 103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
2104-188, sections 1, 3, 4, and 5 of P.L. 106-519, sections 162 and 165 of P.L. 106-554,
3P.L. 106-573, section 431 of P.L. 107-16, sections 101 and 301 (a) of P.L. 107-147,
4sections 106, 201, and 202 of P.L. 108-27, section 1201 of P.L. 108-173, sections 306,
5308, 316, 401, and 403 (a) of P.L. 108-311, sections 101, 201, 211, 242, 244, 336, 337,
6422, 847, 909, and 910 of P.L. 108-357, P.L. 109-1, sections 1305, 1308, 1309, 1310,
71323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, section 11146 of
8P.L. 109-59, section 301 of P.L. 109-73, and sections 101, 105, 201 (a) as it relates
9to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, and as
10amended by P.L. 109-222, excluding sections 101, 207, 209, 503, 512, and 513 of P.L.
11109-222, P.L. 109-227, and P.L. 109-280, excluding sections 811 and 844 of P.L.
12109-280, and P.L. 110-458, and as indirectly affected in the provisions applicable to
13this subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L.
14101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections
15103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding
16sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L.
17103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188, excluding sections
181123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L. 104-191, P.L.
19104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L.
20106-36, P.L. 106-170, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of
21P.L. 106-554, P.L. 107-15, P.L. 107-16, excluding section 431 of P.L. 107-16, P.L.
22107-22, P.L. 107-116, P.L. 107-134, P.L. 107-147, excluding sections 101 and 301 (a)
23of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27,
24excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, P.L. 108-173,
25excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311,

1excluding sections 306, 308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357,
2excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
3108-357, P.L. 108-375, P.L. 108-476, P.L. 109-7, P.L. 109-58, excluding sections
41305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
5109-58, P.L. 109-59, excluding section 11146 of P.L. 109-59, P.L. 109-73, excluding
6section 301 of P.L. 109-73, P.L. 109-135, excluding sections 101, 105, 201 (a) as it
7relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L.
8109-151, P.L. 109-222, excluding sections 101, 207, 209, 503, 512, and 513 of P.L.
9109-222, P.L. 109-227, and P.L. 109-280, excluding sections 811 and 844 of P.L.
10109-280, and P.L. 110-458. The Internal Revenue Code applies for Wisconsin
11purposes at the same time as for federal purposes. Amendments to the Internal
12Revenue Code enacted after December 31, 2005, do not apply to this paragraph with
13respect to taxable years beginning after December 31, 2005, and before January 1,
142007, except that changes to the Internal Revenue Code made by P.L. 109-222,
15excluding sections 101, 207, 209, 503, 512, and 513 of P.L. 109-222, P.L. 109-227, and
16P.L. 109-280, 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. 109-222, excluding sections 101, 207, 209, 503, 512, and 513 of P.L. 109-222, P.L.
19109-227, and P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L.
20110-458,
apply for Wisconsin purposes at the same time as for federal purposes.
AB75-SSA1, s. 1615 21Section 1615. 71.22 (4m) (r) of the statutes is amended to read:
AB75-SSA1,831,1722 71.22 (4m) (r) For taxable years that begin after December 31, 2006, and
23before January 1, 2008,
"Internal Revenue Code," for corporations that are subject
24to a tax on unrelated business income under s. 71.26 (1) (a), means the federal
25Internal Revenue Code as amended to December 31, 2006, excluding sections 103,

1104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203
2(d) of P.L. 103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
3104-188, sections 1, 3, 4, and 5 of P.L. 106-519, sections 162 and 165 of P.L. 106-554,
4P.L. 106-573, section 431 of P.L. 107-16, sections 101 and 301 (a) of P.L. 107-147,
5sections 106, 201, and 202 of P.L. 108-27, section 1201 of P.L. 108-173, sections 306,
6308, 316, 401, and 403 (a) of P.L. 108-311, sections 101, 201, 211, 242, 244, 336, 337,
7422, 847, 909, and 910 of P.L. 108-357, P.L. 109-1, sections 1305, 1308, 1309, 1310,
81323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, section 11146 of
9P.L. 109-59, section 301 of P.L. 109-73, sections 101, 105, 201 (a) as it relates to
10section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, sections 101,
11207, 209, 503, 512, and 513 of P.L. 109-222, sections 811 and 844 of P.L. 109-280, and
12P.L. 109-432, and as amended by P.L. 110-458, and as indirectly affected in the
13provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647,
14P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227,
15excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L.
16103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
17103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188,
18excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L.
19104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L. 105-206, P.L.
20105-277, P.L. 106-36, P.L. 106-170, P.L. 106-230, P.L. 106-554, excluding sections
21162 and 165 of P.L. 106-554, P.L. 107-15, P.L. 107-16, excluding section 431 of P.L.
22107-16, P.L. 107-22, P.L. 107-116, P.L. 107-134, P.L. 107-147, excluding sections
23101 and 301 (a) of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L. 107-276, P.L.
24107-358, P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L.
25108-121, P.L. 108-173, excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L.

1108-218, P.L. 108-311, excluding sections 306, 308, 316, 401, and 403 (a) of P.L.
2108-311, P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847,
3909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 108-476, 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. 109-59, excluding section 11146 of P.L. 109-59, P.L.
6109-73, excluding section 301 of P.L. 109-73, P.L. 109-135, excluding sections 101,
7105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of
8P.L. 109-135, P.L. 109-151, P.L. 109-222, excluding sections 101, 207, 209, 503, 512,
9and 513 of P.L. 109-222, P.L. 109-227, and P.L. 109-280, excluding sections 811 and
10844 of P.L. 109-280, and P.L. 110-458. The Internal Revenue Code applies for
11Wisconsin purposes at the same time as for federal purposes. Amendments to the
12Internal Revenue Code enacted after December 31, 2006, do not apply to this
13paragraph with respect to taxable years beginning after December 31, 2006, and
14before January 1, 2008, except that changes to the Internal Revenue Code made by
15P.L. 110-458, and changes that indirectly affect the provisions applicable to this
16subchapter made by P.L. 110-458, apply for Wisconsin purposes at the same time as
17for federal purposes
.
AB75-SSA1, s. 1616 18Section 1616. 71.22 (4m) (s) of the statutes is created to read:
AB75-SSA1,833,1419 71.22 (4m) (s) For taxable years that begin after December 31, 2007, and
20before January 1, 2009, "Internal Revenue Code," for corporations that are subject
21to a tax on unrelated business income under s. 71.26 (1) (a), means the federal
22Internal Revenue Code as amended to December 31, 2007, excluding sections 103,
23104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203
24(d) of P.L. 103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
25104-188, sections 1, 3, 4, and 5 of P.L. 106-519, sections 162 and 165 of P.L. 106-554,

1P.L. 106-573, section 431 of P.L. 107-16, sections 101 and 301 (a) of P.L. 107-147,
2sections 106, 201, and 202 of P.L. 108-27, section 1201 of P.L. 108-173, sections 306,
3308, 316, 401, and 403 (a) of P.L. 108-311, sections 101, 201, 211, 242, 244, 336, 337,
4422, 847, 909, and 910 of P.L. 108-357, P.L. 109-1, sections 1305, 1308, 1309, 1310,
51323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, section 11146 of
6P.L. 109-59, section 301 of P.L. 109-73, sections 101, 105, 201 (a) as it relates to
7section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, sections 101,
8207, 209, 503, and 513 of P.L. 109-222, section 844 of P.L. 109-280, P.L. 109-432, P.L.
9110-28, P.L. 110-140, and P.L. 110-172, and as amended by P.L. 110-458, and as
10indirectly affected in the provisions applicable to this subchapter by P.L. 99-514, P.L.
11100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L.
12101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L.
13102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d),
1413174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L.
15104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
16(d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L.
17105-178, P.L. 105-206, P.L. 105-277, 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. 107-15, P.L. 107-16,
19excluding section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116, P.L. 107-134, P.L.
20107-147, excluding sections 101 and 301 (a) of P.L. 107-147, P.L. 107-181, P.L.
21107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27, excluding sections 106, 201, and
22202 of P.L. 108-27, P.L. 108-121, P.L. 108-173, excluding section 1201 of P.L.
23108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 308, 316,
24401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 211, 242,
25244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 108-476, P.L.

1109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,
21326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-59, excluding section 11146
3of P.L. 109-59, P.L. 109-73, excluding section 301 of P.L. 109-73, P.L. 109-135,
4excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),
5(j), and (q), and 405 of P.L. 109-135, P.L. 109-151, P.L. 109-222, excluding sections
6101, 207, 209, 503, and 513 of P.L. 109-222, P.L. 109-227,and P.L. 109-280,
7excluding section 844 of P.L. 109-280, and P.L. 110-458. The Internal Revenue Code
8applies for Wisconsin purposes at the same time as for federal purposes.
9Amendments to the Internal Revenue Code enacted after December 31, 2007, do not
10apply to this paragraph with respect to taxable years beginning after
11December 31, 2007, and before January 1, 2009, except that changes to the Internal
12Revenue Code made by P.L. 110-458, and changes that indirectly affect the
13provisions applicable to this subchapter made by P.L. 110-458, apply for Wisconsin
14purposes at the same time as for federal purposes.
AB75-SSA1, s. 1617 15Section 1617. 71.22 (4m) (sm) of the statutes is created to read:
AB75-SSA1,835,916 71.22 (4m) (sm) For taxable years that begin after December 31, 2008,
17"Internal Revenue Code," for corporations that are subject to a tax on unrelated
18business income under s. 71.26 (1) (a), means the federal Internal Revenue Code as
19amended to December 31, 2008, excluding sections 103, 104, and 110 of P.L. 102-227,
20sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, sections
211123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, sections 1, 3, 4, and
225 of P.L. 106-519, sections 162 and 165 of P.L. 106-554, P.L. 106-573, section 431 of
23P.L. 107-16, sections 101 and 301 (a) of P.L. 107-147, sections 106, 201, and 202 of
24P.L. 108-27, section 1201 of P.L. 108-173, sections 306, 308, 316, 401, and 403 (a) of
25P.L. 108-311, sections 101, 102, 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, and 513 of P.L.
5109-222, section 844 of P.L. 109-280, P.L. 109-432, P.L. 110-28, P.L. 110-140, P.L.
6110-141, P.L. 110-142, P.L. 110-166, P.L. 110-172, P.L. 110-185, P.L. 110-234, P.L.
7110-245, P.L. 110-289, P.L. 110-317, P.L. 110-343, and P.L. 110-351, and as
8indirectly affected in the provisions applicable to this subchapter by P.L. 99-514, P.L.
9100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L.
10101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L.
11102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d),
1213174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L.
13104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
14(d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L.
15105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L. 106-230, P.L.
16106-554, excluding sections 162 and 165 of P.L. 106-554, P.L. 107-15, P.L. 107-16,
17excluding section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116, P.L. 107-134, P.L.
18107-147, excluding sections 101 and 301 (a) of P.L. 107-147, P.L. 107-181, P.L.
19107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27, excluding sections 106, 201, and
20202 of P.L. 108-27, P.L. 108-121, P.L. 108-173, excluding section 1201 of P.L.
21108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 308, 316,
22401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 102, 201, 211,
23242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 108-476,
24P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,
251326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-59, excluding section 11146

1of P.L. 109-59, P.L. 109-73, excluding section 301 of P.L. 109-73, P.L. 109-135,
2excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),
3(j), and (q), and 405 of P.L. 109-135, P.L. 109-151, P.L. 109-222, excluding sections
4101, 207, 209, 503, and 513 of P.L. 109-222, P.L. 109-227, and P.L. 109-280,
5excluding section 844 of P.L. 109-280, and P.L. 110-458. The Internal Revenue Code
6applies for Wisconsin purposes at the same time as for federal purposes.
7Amendments to the Internal Revenue Code enacted after December 31, 2008, do not
8apply to this paragraph with respect to taxable years beginning after
9December 31, 2008.
AB75-SSA1, s. 1618 10Section 1618. 71.24 (7) of the statutes is renumbered 71.24 (7) (a) and
11amended to read:
AB75-SSA1,835,2212 71.24 (7) (a) In the case of a corporation required to file a return, the
13department of revenue shall allow an automatic extension of 7 months or until the
14original due date of the corporation's corresponding federal return, whichever is
15later. Any extension of time granted by law or by the internal revenue service for the
16filing of corresponding federal returns shall extend the time for filing under this
17subchapter to 30 days after the federal due date if the corporation reports the
18extension in the manner specified by the department on the return. Except for
19payments of estimated taxes, income or franchise taxes payable upon the filing of the
20tax return shall not become delinquent during such extension period, but shall,
21except as provided in par. (b),
be subject to interest at the rate of 12% per year during
22such period.
AB75-SSA1, s. 1619 23Section 1619. 71.25 (9) (a) of the statutes is amended to read:
AB75-SSA1,836,824 71.25 (9) (a) The sales factor is a fraction, the numerator of which is the total
25sales of the taxpayer in this state during the tax period, and the denominator of

1which is the total sales of the taxpayer everywhere during the tax period. For sales
2of tangible personal property, the numerator of the sales factor is the sales of the
3taxpayer during the tax period under par. (b) 1. and 2. plus 50% 100 percent of the
4sales of the taxpayer during the tax period under pars. (b) 2m. and 3. and (c). For
5purposes of applying pars. (b) 2m. and 3. and (c), if a taxpayer is within another
6state's jurisdiction for income or franchise tax purposes for any part of the taxable
7year, it is considered to be within that state's jurisdiction for income or franchise tax
8purposes for the entire taxable year.
AB75-SSA1, s. 1620b 9Section 1620b. 71.25 (9) (df) 3. of the statutes is repealed.
AB75-SSA1, s. 1621b 10Section 1621b. 71.25 (9) (dh) 4. of the statutes is repealed.
AB75-SSA1, s. 1621c 11Section 1621c. 71.25 (9) (dj) 2. of the statutes, as created by 2009 Wisconsin
12Act 2
, is repealed.
AB75-SSA1, s. 1621d 13Section 1621d. 71.25 (9) (dk) 2. of the statutes, as created by 2009 Wisconsin
14Act 2
, is repealed.
AB75-SSA1, s. 1621e 15Section 1621e. 71.255 (2) (a) of the statutes, as created by 2009 Wisconsin Act
162
, is amended to read:
AB75-SSA1,836,2517 71.255 (2) (a) A corporation, not including a corporation of which all its income
18is exempt from taxation under s. 71.26 (1) or 71.45 (1), engaged in a unitary business
19with one or more other corporations in the same commonly controlled group shall
20report its share of income from that unitary business in the amount determined by
21a combined report filed by a designated agent of the unitary business, as determined
22under sub. (7). The combined report shall include the income, determined under sub.
23(3), and apportionment factor or factors determined under sub. (5), of every
24corporation in the commonly controlled group that is engaged in the unitary
25business, except as provided in pars. (b) to (f).
AB75-SSA1, s. 1621f
1Section 1621f. 71.255 (3) (c) of the statutes, as created by 2009 Wisconsin Act
22
, is amended to read:
AB75-SSA1,837,63 71.255 (3) (c) Its income from a business conducted wholly by the member
4entirely within the state. If a combined group consists only of corporations that are
5conducting business entirely within this state, sub. (4) (f) to (j) applies to those
6corporations.
AB75-SSA1, s. 1621g 7Section 1621g. 71.255 (4) (e) of the statutes, as created by 2009 Wisconsin Act
82
, is repealed.
AB75-SSA1, s. 1621h 9Section 1621h. 71.255 (4) (f) of the statutes, as created by 2009 Wisconsin Act
102
, is amended to read:
AB75-SSA1,837,1811 71.255 (4) (f) Except as provided in sub. (2) (d) 3. and except if the modification
12under s. 71.26 (3) (j) applies, dividends paid by one combined group member to
13another shall be, to the extent that the dividends are paid out of the earnings and
14profits of the unitary business included in the combined report, whether in the
15current taxable year or in a prior taxable year, subtracted from the income of the
16recipient. This paragraph does not apply to dividends received from members of the
17unitary business that were not part of the combined group during the calendar year
18preceding the receipt of the dividends
at the time that the dividends were paid.
AB75-SSA1, s. 1621j 19Section 1621j. 71.255 (4) (h) of the statutes, as created by 2009 Wisconsin Act
202
, is repealed and recreated to read:
AB75-SSA1,837,2321 71.255 (4) (h) Limitations that apply to charitable contribution deductions
22shall be applied as provided under section 170 of the Internal Revenue Code in the
23manner prescribed by the department by rule, as provided under sub. (11).
AB75-SSA1, s. 1621k 24Section 1621k. 71.255 (4) (i) of the statutes, as created by 2009 Wisconsin Act
252
, is repealed and recreated to read:
AB75-SSA1,838,5
171.255 (4) (i) Gain or loss from the sale or exchange of capital assets, property
2described by section 1231 (a) (3) of the Internal Revenue Code, and property subject
3to an involuntary conversion shall be determined as provided under sections 1211,
41222, and 1231 of the Internal Revenue Code in the manner prescribed by the
5department by rule, as provided under sub. (11).
AB75-SSA1, s. 1621L 6Section 1621L. 71.255 (6) (b) of the statutes, as created by 2009 Wisconsin Act
72
, is repealed and recreated to read:
AB75-SSA1,838,168 71.255 (6) (b) 1. Subject to the limitations provided under s. 71.26 (3) (n), for
9each taxable year that a corporation has a net business loss carry-forward, as
10provided under s. 71.26 (4) or 71.45 (4), that was computed on a combined report for
11a combined group's unitary business for a taxable year beginning on or after January
121, 2009, the corporation may, after using such net business loss carry-forward to
13offset its own income for the taxable year, use any remaining net business loss
14carry-forward to offset the income of all other members of the combined group on a
15proportionate basis, to the extent such income is attributable to that same unitary
16business.
AB75-SSA1,838,2017 2. Unless otherwise provided by the department by rule, if the corporation may
18no longer be included in the combined group, as determined under this section, the
19corporation's net business loss carry-forward shall be available only to that
20corporation.
AB75-SSA1, s. 1621m 21Section 1621m. 71.255 (7) (a) of the statutes, as created by 2009 Wisconsin
22Act 2
, is repealed and recreated to read:
AB75-SSA1,839,223 71.255 (7) (a) Each combined group shall have one designated agent. Except
24as prescribed by the department by rule, the designated agent is the parent

1corporation of the combined group. If there is no such parent corporation, the
2designated agent may be appointed in the manner prescribed by the department.
AB75-SSA1, s. 1621n 3Section 1621n. 71.255 (7) (b) (intro.) of the statutes, as created by 2009
4Wisconsin Act 2
, is amended to read:
AB75-SSA1,839,75 71.255 (7) (b) (intro.) Only Except as prescribed by the department, only the
6designated agent may act on behalf of the members of the combined group for matters
7relating to the combined report. The designated agent's responsibilities include:
AB75-SSA1, s. 1621p 8Section 1621p. 71.255 (7) (c) of the statutes, as created by 2009 Wisconsin Act
92
, is repealed.
AB75-SSA1, s. 1621q 10Section 1621q. 71.255 (7) (d) of the statutes, as created by 2009 Wisconsin Act
112
, is repealed.
AB75-SSA1, s. 1621r 12Section 1621r. 71.255 (11) of the statutes is created to read:
AB75-SSA1,839,1913 71.255 (11) Conformity with federal consolidated return regulations. The
14department may promulgate any rules necessary to create uniformity between the
15treatment of transactions entered into by members of a federal consolidated group
16under federal regulations, including any income, expense, gain, or loss limitations
17applicable to such transactions, and treatment of transactions entered into by
18members of a combined group under this section, including any income, expense,
19gain, or loss limitations applicable to such transactions.
AB75-SSA1, s. 1622 20Section 1622. 71.26 (1) (b) of the statutes is amended to read:
AB75-SSA1,839,2521 71.26 (1) (b) Political units. Income received by the United States, the state
22and all counties, cities, villages, towns, school districts, technical college districts,
23joint local water authorities created under s. 66.0823, transit authorities created
24under s. 66.1039,
long-term care districts under s. 46.2895 or other political units
25of this state.
AB75-SSA1, s. 1623
1Section 1623. 71.26 (1) (be) of the statutes is amended to read:
AB75-SSA1,840,52 71.26 (1) (be) Certain authorities. Income of the University of Wisconsin
3Hospitals and Clinics Authority, of the Health Insurance Risk-Sharing Plan
4Authority, of the Wisconsin Quality Home Care Authority, and of the Fox River
5Navigational System Authority, and of the Wisconsin Aerospace Authority.
AB75-SSA1, s. 1623m 6Section 1623m. 71.26 (1m) (j) of the statutes is created to read:
AB75-SSA1,840,77 71.26 (1m) (j) Those issued under s. 59.58 (7) (f).
AB75-SSA1, s. 1624 8Section 1624. 71.26 (2) (a) 2. of the statutes is amended to read:
AB75-SSA1,840,109 71.26 (2) (a) 2. Plus the amount of credit computed under s. 71.28 (1), (3), (4),
10(4m), and (5).
AB75-SSA1, s. 1625d 11Section 1625d. 71.26 (2) (a) 4. of the statutes, as affected by 2009 Wisconsin
12Act 2
, is amended to read:
AB75-SSA1,840,1813 71.26 (2) (a) 4. Plus the amount of the credit computed under s. 71.28 (1dd),
14(1de), (1di), (1dj), (1dL), (1dm), (1ds), (1dx), (1dy), (3g), (3h), (3n), (3p), (3q), (3r), (3t),
15(3w), (5e), (5f), (5g), (5h), (5i), (5j), and (5k) , and (8r) and not passed through by a
16partnership, limited liability company, or tax-option corporation that has added that
17amount to the partnership's, limited liability company's, or tax-option corporation's
18income under s. 71.21 (4) or 71.34 (1k) (g).
AB75-SSA1, s. 1626 19Section 1626. 71.26 (2) (b) 14. of the statutes is repealed.
AB75-SSA1, s. 1627 20Section 1627. 71.26 (2) (b) 15. of the statutes is amended to read:
AB75-SSA1,846,2121 71.26 (2) (b) 15. For taxable years that begin after December 31, 1999, and
22before January 1, 2003, for a corporation, conduit or common law trust which
23qualifies as a regulated investment company, real estate mortgage investment
24conduit, real estate investment trust or financial asset securitization investment
25trust under the Internal Revenue Code as amended to December 31, 1999, excluding

1sections 103, 104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d),
213174, and 13203 (d) of P.L. 103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311, and
31605 (d) of P.L. 104-188, and as amended by P.L. 106-230, P.L. 106-554, excluding
4sections 162 and 165 of P.L. 106-554, P.L. 107-15, P.L. 107-16, excluding section 431
5of P.L. 107-16, P.L. 107-22, P.L. 107-116, P.L. 107-134, P.L. 107-147, excluding
6sections 101, 301 (a), and 406 of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L.
7107-276, P.L. 107-358, P.L. 108-27, excluding sections 106, 201, and 202 of P.L.
8108-27, P.L. 108-121, excluding section 109 of P.L. 108-121, P.L. 108-218, P.L.
9108-311, excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311, P.L.
10108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910
11of P.L. 108-357, P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310,
121323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-135,
13excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),
14(j), and (q), and 405 of P.L. 109-135, and P.L. 109-280, excluding sections 811 and 844
15of P.L. 109-280, and P.L. 110-458, and as indirectly affected in the provisions
16applicable to this subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L.
17101-73, 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 sections

1101, 301 (a), and 406 of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L. 107-276, P.L.
2107-358, P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L.
3108-121, excluding section 109 of P.L. 108-121, P.L. 108-218, P.L. 108-311,
4excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357,
5excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
6108-357, P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323,
71324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-135, excluding
8sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and
9(q), and 405 of P.L. 109-135, and P.L. 109-280, excluding sections 811 and 844 of P.L.
10109-280, and P.L. 110-458, "net income" means the federal regulated investment
11company taxable income, federal real estate mortgage investment conduit taxable
12income, federal real estate investment trust or financial asset securitization
13investment trust taxable income of the corporation, conduit or trust as determined
14under the Internal Revenue Code as amended to December 31, 1999, excluding
15sections 103, 104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d),
1613174, and 13203 (d) of P.L. 103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311, and
171605 (d) of P.L. 104-188, and as amended by P.L. 106-230, P.L. 106-554, excluding
18sections 162 and 165 of P.L. 106-554, P.L. 107-15, P.L. 107-16, excluding section 431
19of P.L. 107-16, P.L. 107-22, P.L. 107-116, P.L. 107-134, P.L. 107-147, excluding
20sections 101, 301 (a), and 406 of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L.
21107-276, P.L. 107-358, P.L. 108-27, excluding sections 106, 201, and 202 of P.L.
22108-27, P.L. 108-121, excluding section 109 of P.L. 108-121, P.L. 108-218, P.L.
23108-311, excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311, P.L.
24108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910
25of P.L. 108-357, P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310,

11323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-135,
2excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),
3(j), and (q), and 405 of P.L. 109-135, and P.L. 109-280, excluding sections 811 and 844
4of P.L. 109-280, and P.L.110-458, and as indirectly affected in the provisions
5applicable to this subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L.
6101-73, 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 sections
15101, 301 (a), and 406 of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L. 107-276, P.L.
16107-358, P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L.
17108-121, excluding section 109 of P.L. 108-121, P.L. 108-218, P.L. 108-311,
18excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357,
19excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
20108-357, P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323,
211324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-135, excluding
22sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and
23(q), and 405 of P.L. 109-135, and P.L. 109-280, excluding sections 811 and 844 of P.L.
24109-280, and P.L. 110-458, except that property that, under s. 71.02 (1) (c) 8. to 11.,
251985 stats., is required to be depreciated for taxable years 1983 to 1986 under the

1Internal Revenue Code as amended to December 31, 1980, shall continue to be
2depreciated under the Internal Revenue Code as amended to December 31, 1980,
3and except that the appropriate amount shall be added or subtracted to reflect
4differences between the depreciation or adjusted basis for federal income tax
5purposes and the depreciation or adjusted basis under this chapter of any property
6disposed of during the taxable year. The Internal Revenue Code as amended to
7December 31, 1999, excluding sections 103, 104, and 110 of P.L. 102-227, sections
813113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, and sections 1123
9(b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, and as amended by 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, 301 (a), and 406 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, excluding section 109 of P.L. 108-121,
15P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308, 316, 401, and 403 (a)
16of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336, 337,
17422, 847, 909, and 910 of P.L. 108-357, P.L. 109-7, P.L. 109-58, excluding sections
181305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
19109-58, P.L. 109-135, excluding sections 101, 105, 201 (a) as it relates to section
201400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, and P.L. 109-280,
21excluding sections 811 and 844 of P.L. 109-280, and P.L. 110-458, and as indirectly
22affected in the provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203,
23P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508,
24P.L. 102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L.
25102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and

113203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L.
2104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
3104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L.
4105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L. 106-230, P.L. 106-554,
5excluding sections 162 and 165 of P.L. 106-554, P.L. 107-15, P.L. 107-16, excluding
6section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116, P.L. 107-134, P.L. 107-147,
7excluding sections 101, 301 (a), and 406 of P.L. 107-147, P.L. 107-181, P.L. 107-210,
8P.L. 107-276, P.L. 107-358, P.L. 108-27, excluding sections 106, 201, and 202 of P.L.
9108-27, P.L. 108-121, excluding section 109 of P.L. 108-121, P.L. 108-218, P.L.
10108-311, excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311, P.L.
11108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910
12of P.L. 108-357, P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310,
131323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-135,
14excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),
15(j), and (q), and 405 of P.L. 109-135, and P.L. 109-280, excluding sections 811 and 844
16of P.L. 109-280, and P.L. 110-458, applies for Wisconsin purposes at the same time
17as for federal purposes. Amendments to the Internal Revenue Code enacted after
18December 31, 1999, do not apply to this subdivision with respect to taxable years that
19begin after December 31, 1999, and before January 1, 2003, except that changes to
20the Internal Revenue Code made by P.L. 106-230, P.L. 106-554, excluding sections
21162 and 165 of P.L. 106-554, P.L. 107-15, P.L. 107-16, excluding section 431 of P.L.
22107-16, P.L. 107-22, P.L. 107-116, P.L. 107-134, P.L. 107-147, excluding sections
23101, 301 (a), and 406 of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L. 107-276, P.L.
24107-358, P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L.
25108-121, excluding section 109 of P.L. 108-121, P.L. 108-218, P.L. 108-311,

1excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357,
2excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
3108-357, P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323,
41324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-135, excluding
5sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and
6(q), and 405 of P.L. 109-135, and P.L. 109-280, excluding sections 811 and 844 of P.L.
7109-280, and P.L. 110-458, and changes that indirectly affect the provisions
8applicable to this subchapter made by P.L. 106-230, P.L. 106-554, excluding sections
9162 and 165 of P.L. 106-554, P.L. 107-15, P.L. 107-16, excluding section 431 of P.L.
10107-16, P.L. 107-22, P.L. 107-116, P.L. 107-134, P.L. 107-147, excluding sections
11101, 301 (a), and 406 of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L. 107-276, P.L.
12107-358, P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L.
13108-121, excluding section 109 of P.L. 108-121, P.L. 108-218, P.L. 108-311,
14excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357,
15excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
16108-357, P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323,
171324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-135, excluding
18sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and
19(q), and 405 of P.L. 109-135, and P.L. 109-280, excluding sections 811 and 844 of P.L.
20109-280, and P.L. 110-458, apply for Wisconsin purposes at the same time as for
21federal purposes.
AB75-SSA1, s. 1628 22Section 1628. 71.26 (2) (b) 16. of the statutes is amended to read:
AB75-SSA1,852,1623 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 sections 101 and 301 (a) of P.L. 107-147, and
7as amended by P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L.
8108-121, excluding section 109 of 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,
10307, 308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101,
11201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375,
12P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,
131326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-135, excluding sections
14101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405
15of P.L. 109-135, and P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280,
16and P.L. 110-458, and as indirectly affected in the provisions applicable to this
17subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140,
18P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections 103, 104,
19and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections
2013113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L.
21103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188, excluding sections 1123 (b), 1202
22(c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L.
23105-33, P.L. 105-34, P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36, P.L.
24106-170, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554,
25P.L. 107-15, P.L. 107-16, excluding section 431 of P.L. 107-16, P.L. 107-22, P.L.

1107-116, P.L. 107-134, P.L. 107-147, excluding sections 101 and 301 (a) of P.L.
2107-147, P.L. 107-181, P.L. 107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27,
3excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, excluding section
4109 of P.L. 108-121, P.L. 108-173, excluding section 1201 of P.L. 108-173, P.L.
5108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308, 316, 401, and
6403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336,
7337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 109-7, P.L. 109-58,
8excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348,
9and 1351 of P.L. 109-58, P.L. 109-135, excluding sections 101, 105, 201 (a) as it
10relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, and
11P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L. 110-458, "net
12income" means the federal regulated investment company taxable income, federal
13real estate mortgage investment conduit taxable income, federal real estate
14investment trust or financial asset securitization investment trust taxable income
15of the corporation, conduit, or trust as determined under the Internal Revenue Code
16as amended to December 31, 2002, excluding sections 103, 104, and 110 of P.L.
17102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66,
18sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L. 106-519,
19sections 162 and 165 of P.L. 106-554, P.L. 106-573, section 431 of P.L. 107-16, and
20sections 101 and 301 (a) of P.L. 107-147, and as amended by P.L. 108-27, excluding
21sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, excluding section 109 of P.L.
22108-121, P.L. 108-173, excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L.
23108-218, P.L. 108-311, excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L.
24108-311, P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847,
25909, and 910 of P.L. 108-357, P.L. 108-375, 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, and as
5indirectly affected in the provisions applicable to this subchapter by P.L. 99-514, P.L.
6100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L.
7101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L.
8102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d),
913174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L.
10104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
11(d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L.
12105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L. 106-230, P.L.
13106-554, excluding sections 162 and 165 of P.L. 106-554, P.L. 107-15, P.L. 107-16,
14excluding section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116, P.L. 107-134, P.L.
15107-147, excluding sections 101 and 301 (a) of P.L. 107-147, P.L. 107-181, P.L.
16107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27, excluding sections 106, 201, and
17202 of P.L. 108-27, P.L. 108-121, excluding section 109 of 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, 307, 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. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309,
221310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L.
23109-135, excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402
24(e), 403 (e), (j), and (q), and 405 of P.L. 109-135, and P.L. 109-280, excluding sections
25811 and 844 of P.L. 109-280, and P.L. 110-458, except that property that, under s.

171.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated for taxable years 1983
2to 1986 under the Internal Revenue Code as amended to December 31, 1980, shall
3continue to be depreciated under the Internal Revenue Code as amended to
4December 31, 1980, and except that the appropriate amount shall be added or
5subtracted to reflect differences between the depreciation or adjusted basis for
6federal income tax purposes and the depreciation or adjusted basis under this
7chapter of any property disposed of during the taxable year. The Internal Revenue
8Code as amended to December 31, 2002, excluding sections 103, 104, and 110 of P.L.
9102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66,
10sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L. 106-519,
11sections 162 and 165 of P.L. 106-554, P.L. 106-573, section 431 of P.L. 107-16, and
12sections 101 and 301 (a) of P.L. 107-147, and as amended by P.L. 108-27, excluding
13sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, excluding section 109 of P.L.
14108-121, P.L. 108-173, excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L.
15108-218, P.L. 108-311, excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L.
16108-311, P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847,
17909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 109-7, P.L. 109-58, excluding
18sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351
19of P.L. 109-58, P.L. 109-135, excluding sections 101, 105, 201 (a) as it relates to
20section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, and P.L.
21109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L. 110-458, and as
22indirectly affected in the provisions applicable to this subchapter by P.L. 99-514, P.L.
23100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L.
24101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L.
25102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d),

113174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L.
2104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
3(d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L.
4105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L. 106-230, P.L.
5106-554, excluding sections 162 and 165 of P.L. 106-554, P.L. 107-15, P.L. 107-16,
6excluding section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116, P.L. 107-134, P.L.
7107-147, excluding sections 101 and 301 (a) of P.L. 107-147, P.L. 107-181, P.L.
8107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27, excluding sections 106, 201, and
9202 of P.L. 108-27, P.L. 108-121, excluding section 109 of P.L. 108-121, P.L. 108-173,
10excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311,
11excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357,
12excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
13108-357, P.L. 108-375, P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309,
141310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L.
15109-135, excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402
16(e), 403 (e), (j), and (q), and 405 of P.L. 109-135, and P.L. 109-280, excluding sections
17811 and 844 of P.L. 109-280, and P.L. 110-458, applies for Wisconsin purposes at the
18same time as for federal purposes. Amendments to the Internal Revenue Code
19enacted after December 31, 2002, do not apply to this subdivision with respect to
20taxable years that begin after December 31, 2002, and before January 1, 2004,
21except that changes to the Internal Revenue Code made by 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. 108-173, excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L.
24108-218, P.L. 108-311, excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L.
25108-311, P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847,

1909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 109-7, P.L. 109-58, excluding
2sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351
3of P.L. 109-58, P.L. 109-135, excluding sections 101, 105, 201 (a) as it relates to
4section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, and P.L.
5109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L. 110-458, and
6changes that indirectly affect the provisions applicable to this subchapter made by
7P.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,
10316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 211,
11242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 109-7,
12P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
131329, 1348, and 1351 of P.L. 109-58, P.L. 109-135, excluding sections 101, 105, 201
14(a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
15109-135, and P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L.
16110-458,
apply for Wisconsin purposes at the same time as for federal purposes.
AB75-SSA1, s. 1629 17Section 1629. 71.26 (2) (b) 17. of the statutes is amended to read:
AB75-SSA1,858,1218 71.26 (2) (b) 17. For taxable years that begin after December 31, 2003, and
19before January 1, 2005, for a corporation, conduit, or common law trust which
20qualifies as a regulated investment company, real estate mortgage investment
21conduit, real estate investment trust, or financial asset securitization investment
22trust under the Internal Revenue Code as amended to December 31, 2003, excluding
23sections 103, 104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d),
2413174, and 13203 (d) of P.L. 103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and
251605 (d) of P.L. 104-188, P.L. 106-519, sections 162 and 165 of P.L. 106-554, P.L.

1106-573, section 431 of P.L. 107-16, sections 101 and 301 (a) of P.L. 107-147, sections
2106, 201, and 202 of P.L. 108-27, section 109 of P.L. 108-121, and section 1201 of P.L.
3108-173, and as amended by P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding
4sections 306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding
5sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L.
6108-375, P.L. 108-476, P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309,
71310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-73,
8excluding section 301 of P.L. 109-73, P.L. 109-135, excluding sections 101, 105, 201
9(a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
10109-135, P.L. 109-227, and P.L. 109-280, excluding sections 811 and 844 of P.L.
11109-280, and P.L. 110-458, and as indirectly affected in the provisions applicable to
12this subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L.
13101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections
14103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding
15sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L.
16103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188, excluding sections
171123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L. 104-191, P.L.
18104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L.
19106-36, P.L. 106-170, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of
20P.L. 106-554, P.L. 107-15, P.L. 107-16, excluding section 431 of P.L. 107-16, P.L.
21107-22, P.L. 107-116, P.L. 107-134, P.L. 107-147, excluding sections 101 and 301 (a)
22of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27,
23excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, excluding section
24109 of P.L. 108-121, P.L. 108-173, excluding section 1201 of P.L. 108-173, P.L.
25108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308, 316, 401, and

1403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336,
2337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 108-476, P.L. 109-7,
3P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
41329, 1348, and 1351 of P.L. 109-58, P.L. 109-73, excluding section 301 of P.L.
5109-73, P.L. 109-135, excluding sections 101, 105, 201 (a) as it relates to section
61400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L. 109-227, and P.L.
7109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L. 110-458, "net
8income" means the federal regulated investment company taxable income, federal
9real estate mortgage investment conduit taxable income, federal real estate
10investment trust or financial asset securitization investment trust taxable income
11of the corporation, conduit, or trust as determined under the Internal Revenue Code
12as amended to December 31, 2003, excluding sections 103, 104, and 110 of P.L.
13102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66,
14sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L. 106-519,
15sections 162 and 165 of P.L. 106-554, P.L. 106-573, section 431 of P.L. 107-16,
16sections 101 and 301 (a) of P.L. 107-147, sections 106, 201, and 202 of P.L. 108-27,
17section 109 of P.L. 108-121, and section 1201 of P.L. 108-173, and as amended by P.L.
18108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308, 316, 401, and
19403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336,
20337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 108-476, P.L. 109-7,
21P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
221329, 1348, and 1351 of P.L. 109-58, P.L. 109-73, excluding section 301 of P.L.
23109-73, P.L. 109-135, excluding sections 101, 105, 201 (a) as it relates to section
241400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L. 109-227, and P.L.
25109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L. 110-458, and as

1indirectly affected in the provisions applicable to this subchapter by P.L. 99-514, P.L.
2100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L.
3101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L.
4102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d),
513174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L.
6104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
7(d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L.
8105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L. 106-230, P.L.
9106-554, excluding sections 162 and 165 of P.L. 106-554, P.L. 107-15, P.L. 107-16,
10excluding section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116, P.L. 107-134, P.L.
11107-147, excluding sections 101 and 301 (a) 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, excluding section 109 of P.L. 108-121, P.L. 108-173,
14excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311,
15excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357,
16excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
17108-357, P.L. 108-375, P.L. 108-476, P.L. 109-7, P.L. 109-58, excluding sections
181305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
19109-58, P.L. 109-73, excluding section 301 of P.L. 109-73, P.L. 109-135, excluding
20sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and
21(q), and 405 of P.L. 109-135, P.L. 109-227, and P.L. 109-280, excluding sections 811
22and 844 of P.L. 109-280, and P.L. 110-458, except that property that, under s. 71.02
23(1) (c) 8. to 11., 1985 stats., is required to be depreciated for taxable years 1983 to 1986
24under the Internal Revenue Code as amended to December 31, 1980, shall continue
25to be depreciated under the Internal Revenue Code as amended to

1December 31, 1980, and except that the appropriate amount shall be added or
2subtracted to reflect differences between the depreciation or adjusted basis for
3federal income tax purposes and the depreciation or adjusted basis under this
4chapter of any property disposed of during the taxable year. The Internal Revenue
5Code as amended to December 31, 2003, excluding sections 103, 104, and 110 of P.L.
6102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66,
7sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L. 106-519,
8sections 162 and 165 of P.L. 106-554, P.L. 106-573, section 431 of P.L. 107-16,
9sections 101 and 301 (a) of P.L. 107-147, sections 106, 201, and 202 of P.L. 108-27,
10section 109 of P.L. 108-121, and section 1201 of P.L. 108-173, and as amended by 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. 108-476, 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. 109-73, excluding section 301 of P.L.
16109-73, P.L. 109-135, excluding sections 101, 105, 201 (a) as it relates to section
171400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L. 109-227, and P.L.
18109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L. 110-458, 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 sections 101 and 301 (a) of P.L. 107-147, P.L. 107-181, P.L.
5107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27, excluding sections 106, 201, and
6202 of P.L. 108-27, P.L. 108-121, excluding section 109 of P.L. 108-121, P.L. 108-173,
7excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311,
8excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357,
9excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
10108-357, P.L. 108-375, P.L. 108-476, P.L. 109-7, P.L. 109-58, excluding sections
111305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
12109-58, P.L. 109-73, excluding section 301 of P.L. 109-73, P.L. 109-135, excluding
13sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and
14(q), and 405 of P.L. 109-135, P.L. 109-227, and P.L. 109-280, excluding sections 811
15and 844 of P.L. 109-280, and P.L. 110-458, applies for Wisconsin purposes at the
16same time as for federal purposes. Amendments to the Internal Revenue Code
17enacted after December 31, 2003, do not apply to this subdivision with respect to
18taxable years that begin after December 31, 2003, and before January 1, 2005,
19except that changes to the Internal Revenue Code made by P.L. 108-203, P.L.
20108-218, P.L. 108-311, excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L.
21108-311, P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847,
22909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 108-476, P.L. 109-7, P.L. 109-58,
23excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348,
24and 1351 of P.L. 109-58, P.L. 109-73, excluding section 301 of P.L. 109-73, P.L.
25109-135, excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402

1(e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L. 109-227, and P.L. 109-280,
2excluding sections 811 and 844 of P.L. 109-280, and P.L. 110-458, and changes that
3indirectly affect the provisions applicable to this subchapter made by P.L. 108-203,
4P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308, 316, 401, and 403 (a)
5of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336, 337,
6422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 108-476, P.L. 109-7, P.L.
7109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
81329, 1348, and 1351 of P.L. 109-58, P.L. 109-73, excluding section 301 of P.L.
9109-73, P.L. 109-135, excluding sections 101, 105, 201 (a) as it relates to section
101400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L. 109-227, and P.L.
11109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L. 110-458, apply for
12Wisconsin purposes at the same time as for federal purposes.
AB75-SSA1, s. 1630 13Section 1630. 71.26 (2) (b) 18. of the statutes is amended to read:
AB75-SSA1,864,614 71.26 (2) (b) 18. For taxable years that begin after December 31, 2004, and
15before January 1, 2006, for a corporation, conduit, or common law trust which
16qualifies as a regulated investment company, real estate mortgage investment
17conduit, real estate investment trust, or financial asset securitization investment
18trust under the Internal Revenue Code as amended to December 31, 2004, excluding
19sections 103, 104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d),
2013174, and 13203 (d) of P.L. 103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and
211605 (d) of P.L. 104-188, sections 1, 3, 4, and 5 of P.L. 106-519, sections 162 and 165
22of P.L. 106-554, P.L. 106-573, section 431 of P.L. 107-16, sections 101 and 301 (a) of
23P.L. 107-147, sections 106, 201, and 202 of P.L. 108-27, section 1201 of P.L. 108-173,
24sections 306, 308, 316, 401, and 403 (a) of P.L. 108-311, and sections 101, 201, 211,
25242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, and as amended by P.L.

1109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,
21326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-73, excluding section 301
3of P.L. 109-73, P.L. 109-135, excluding sections 101, 105, 201 (a) as it relates to
4section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L. 109-151,
5P.L. 109-222, excluding sections 101, 207, 209, 503, 512, and 513 of P.L. 109-222, P.L.
6109-227, and P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L.
7110-458,
and as indirectly affected in the provisions applicable to this subchapter by
8P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179,
9P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L.
10102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150
11(d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L.
12103-465, P.L. 104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
131311, and 1605 (d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L.
14105-34, P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L.
15106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, P.L. 107-15,
16P.L. 107-16, excluding section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116, P.L.
17107-134, P.L. 107-147, excluding sections 101 and 301 (a) of P.L. 107-147, P.L.
18107-181, P.L. 107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27, excluding sections
19106, 201, and 202 of P.L. 108-27, P.L. 108-121, P.L. 108-173, excluding section 1201
20of P.L. 108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections 306,
21308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201,
22211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L.
23108-476, P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323,
241324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-73, excluding
25section 301 of P.L. 109-73, P.L. 109-135, excluding sections 101, 105, 201 (a) as it

1relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L.
2109-151, P.L. 109-222, excluding sections 101, 207, 209, 503, 512, and 513 of P.L.
3109-222, P.L. 109-227, and P.L. 109-280, excluding sections 811 and 844 of P.L.
4109-280, and P.L. 110-458, "net income" means the federal regulated investment
5company taxable income, federal real estate mortgage investment conduit taxable
6income, federal real estate investment trust or financial asset securitization
7investment trust taxable income of the corporation, conduit, or trust as determined
8under the Internal Revenue Code as amended to December 31, 2004, 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, sections 1123 (b), 1202 (c), 1204 (f), 1311, and
111605 (d) of P.L. 104-188, sections 1, 3, 4, and 5 of P.L. 106-519, sections 162 and 165
12of P.L. 106-554, P.L. 106-573, section 431 of P.L. 107-16, sections 101 and 301 (a) of
13P.L. 107-147, sections 106, 201, and 202 of P.L. 108-27, section 1201 of P.L. 108-173,
14sections 306, 308, 316, 401, and 403 (a) of P.L. 108-311, and sections 101, 201, 211,
15242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, and as amended by P.L.
16109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,
171326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-73, excluding section 301
18of P.L. 109-73, P.L. 109-135, excluding sections 101, 105, 201 (a) as it relates to
19section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L. 109-151,
20P.L. 109-222, excluding sections 101, 207, 209, 503, 512, and 513 of P.L. 109-222, P.L.
21109-227, and P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L.
22110-458,
and as indirectly affected in the provisions applicable to this subchapter 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 property that, under s. 71.02 (1) (c) 8. to 11.,
201985 stats., is required to be depreciated for taxable years 1983 to 1986 under the
21Internal Revenue Code as amended to December 31, 1980, shall continue to be
22depreciated under the Internal Revenue Code as amended to December 31, 1980,
23and except that the appropriate amount shall be added or subtracted to reflect
24differences between the depreciation or adjusted basis for federal income tax
25purposes and the depreciation or adjusted basis under this chapter of any property

1disposed of during the taxable year. The Internal Revenue Code as amended to
2December 31, 2004, excluding sections 103, 104, and 110 of P.L. 102-227, sections
313113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, sections 1123 (b),
41202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, sections 1, 3, 4, and 5 of P.L.
5106-519, sections 162 and 165 of P.L. 106-554, P.L. 106-573, section 431 of P.L.
6107-16, sections 101 and 301 (a) of P.L. 107-147, sections 106, 201, and 202 of P.L.
7108-27, section 1201 of P.L. 108-173, sections 306, 308, 316, 401, and 403 (a) of P.L.
8108-311, and sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
9108-357, and as amended by P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308,
101309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L.
11109-73, excluding section 301 of P.L. 109-73, P.L. 109-135, excluding sections 101,
12105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of
13P.L. 109-135, P.L. 109-151, P.L. 109-222, excluding sections 101, 207, 209, 503, 512,
14and 513 of P.L. 109-222, P.L. 109-227, and P.L. 109-280, excluding sections 811 and
15844 of P.L. 109-280, and P.L. 110-458, and as indirectly affected in the provisions
16applicable to this subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L.
17101-73, 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 sections

1101 and 301 (a) of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L. 107-276, P.L.
2107-358, P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L.
3108-121, P.L. 108-173, excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L.
4108-218, P.L. 108-311, excluding sections 306, 308, 316, 401, and 403 (a) of P.L.
5108-311, P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847,
6909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 108-476, P.L. 109-7, P.L. 109-58,
7excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348,
8and 1351 of P.L. 109-58, P.L. 109-73, excluding section 301 of P.L. 109-73, P.L.
9109-135, excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402
10(e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L. 109-151, P.L. 109-222, excluding
11sections 101, 207, 209, 503, 512, and 513 of P.L. 109-222, P.L. 109-227, and P.L.
12109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L. 110-458, applies
13for Wisconsin purposes at the same time as for federal purposes. Amendments to the
14Internal Revenue Code enacted after December 31, 2004, do not apply to this
15subdivision with respect to taxable years that begin after December 31, 2004, and
16before January 1, 2006, except that changes to the Internal Revenue Code made by
17P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,
181326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-73, excluding section 301
19of P.L. 109-73, P.L. 109-135, excluding sections 101, 105, 201 (a) as it relates to
20section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L. 109-151,
21P.L. 109-222, excluding sections 101, 207, 209, 503, 512, and 513 of P.L. 109-222, P.L.
22109-227, and P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L.
23110-458,
and changes that indirectly affect the provisions applicable to this
24subchapter made by P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309,
251310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-73,

1excluding section 301 of P.L. 109-73, P.L. 109-135, excluding sections 101, 105, 201
2(a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
3109-135, P.L. 109-151, P.L. 109-222, excluding sections 101, 207, 209, 503, 512, and
4513 of P.L. 109-222, P.L. 109-227, and P.L. 109-280, excluding sections 811 and 844
5of P.L. 109-280, and P.L. 110-458, apply for Wisconsin purposes at the same time as
6for federal purposes.
AB75-SSA1, s. 1631 7Section 1631. 71.26 (2) (b) 19. of the statutes is amended to read:
AB75-SSA1,869,178 71.26 (2) (b) 19. For taxable years that begin after December 31, 2005, and
9before January 1, 2007, 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, 2005, 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, sections 1123 (b), 1202 (c), 1204 (f), 1311, and
151605 (d) of P.L. 104-188, sections 1, 3, 4, and 5 of P.L. 106-519, sections 162 and 165
16of P.L. 106-554, P.L. 106-573, section 431 of P.L. 107-16, sections 101 and 301 (a) of
17P.L. 107-147, sections 106, 201, and 202 of P.L. 108-27, section 1201 of P.L. 108-173,
18sections 306, 308, 316, 401, and 403 (a) of P.L. 108-311, sections 101, 201, 211, 242,
19244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 109-1, sections 1305, 1308,
201309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58,
21section 11146 of P.L. 109-59, section 301 of P.L. 109-73, and 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 as amended by P.L. 109-222, excluding sections 101, 207, 209, 503,
24512, and 513 of P.L. 109-222, P.L. 109-227, and P.L. 109-280, excluding sections 811
25and 844 of P.L. 109-280, and P.L. 110-458, and as indirectly affected in the provisions

1applicable to this subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L.
2101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227,
3excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L.
4103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
5103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188,
6excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L.
7104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L. 105-206, P.L.
8105-277, P.L. 106-36, P.L. 106-170, P.L. 106-230, P.L. 106-554, excluding sections
9162 and 165 of P.L. 106-554, P.L. 107-15, P.L. 107-16, excluding section 431 of P.L.
10107-16, P.L. 107-22, P.L. 107-116, P.L. 107-134, P.L. 107-147, excluding sections
11101 and 301 (a) of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L. 107-276, P.L.
12107-358, P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L.
13108-121, P.L. 108-173, excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L.
14108-218, P.L. 108-311, excluding sections 306, 308, 316, 401, and 403 (a) of P.L.
15108-311, P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847,
16909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 108-476, P.L. 109-7, P.L. 109-58,
17excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348,
18and 1351 of P.L. 109-58, P.L. 109-59, excluding section 11146 of P.L. 109-59, P.L.
19109-73, excluding section 301 of P.L. 109-73, P.L. 109-135, excluding sections 101,
20105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of
21P.L. 109-135, P.L. 109-151, P.L. 109-222, excluding sections 101, 207, 209, 503, 512,
22and 513 of P.L. 109-222, P.L. 109-227, and P.L. 109-280, excluding sections 811 and
23844 of P.L. 109-280, and P.L. 110-458, "net income" means the federal regulated
24investment company taxable income, federal real estate mortgage investment
25conduit taxable income, federal real estate investment trust or financial asset

1securitization investment trust taxable income of the corporation, conduit, or trust
2as determined under the Internal Revenue Code as amended to December 31, 2005,
3excluding sections 103, 104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171
4(d), 13174, and 13203 (d) of P.L. 103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and
51605 (d) of P.L. 104-188, sections 1, 3, 4, and 5 of P.L. 106-519, sections 162 and 165
6of P.L. 106-554, P.L. 106-573, section 431 of P.L. 107-16, sections 101 and 301 (a) of
7P.L. 107-147, sections 106, 201, and 202 of P.L. 108-27, section 1201 of P.L. 108-173,
8sections 306, 308, 316, 401, and 403 (a) of P.L. 108-311, sections 101, 201, 211, 242,
9244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 109-1, sections 1305, 1308,
101309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58,
11section 11146 of P.L. 109-59, section 301 of P.L. 109-73, and sections 101, 105, 201
12(a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
13109-135, and as amended by P.L. 109-222, excluding sections 101, 207, 209, 503,
14512, and 513 of P.L. 109-222, P.L. 109-227, and P.L. 109-280, excluding sections 811
15and 844 of P.L. 109-280, and P.L. 110-458, and as indirectly affected in the provisions
16applicable to this subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L.
17101-73, 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 sections

1101 and 301 (a) of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L. 107-276, P.L.
2107-358, P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L.
3108-121, P.L. 108-173, excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L.
4108-218, P.L. 108-311, excluding sections 306, 308, 316, 401, and 403 (a) of P.L.
5108-311, P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847,
6909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 108-476, P.L. 109-7, P.L. 109-58,
7excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348,
8and 1351 of P.L. 109-58, P.L. 109-59, excluding section 11146 of P.L. 109-59, P.L.
9109-73, excluding section 301 of P.L. 109-73, P.L. 109-135, excluding sections 101,
10105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of
11P.L. 109-135, P.L. 109-151, P.L. 109-222, excluding sections 101, 207, 209, 503, 512,
12and 513 of P.L. 109-222, 109-227, P.L. 109-227, and P.L. 109-280, excluding sections
13811 and 844 of P.L. 109-280, and P.L. 110-458, except that property that, under s.
1471.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated for taxable years 1983
15to 1986 under the Internal Revenue Code as amended to December 31, 1980, shall
16continue 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, 2005, 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, sections 1, 3,
244, and 5 of P.L. 106-519, sections 162 and 165 of P.L. 106-554, P.L. 106-573, section
25431 of P.L. 107-16, sections 101 and 301 (a) of P.L. 107-147, sections 106, 201, and

1202 of P.L. 108-27, section 1201 of P.L. 108-173, sections 306, 308, 316, 401, and 403
2(a) of P.L. 108-311, sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910
3of P.L. 108-357, P.L. 109-1, sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326,
41328, 1329, 1348, and 1351 of P.L. 109-58, section 11146 of P.L. 109-59, section 301
5of P.L. 109-73, and sections 101, 105, 201 (a) as it relates to section 1400S (a), 402
6(e), 403 (e), (j), and (q), and 405 of P.L. 109-135, and as amended by P.L. 109-222,
7excluding sections 101, 207, 209, 503, 512, and 513 of P.L. 109-222, P.L. 109-227, and
8P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L. 110-458, and
9as indirectly affected in the provisions applicable to this subchapter by P.L. 99-514,
10P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239,
11P.L. 101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L.
12102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d),
1313174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L.
14104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
15(d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L.
16105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L. 106-230, P.L.
17106-554, excluding sections 162 and 165 of P.L. 106-554, P.L. 107-15, P.L. 107-16,
18excluding section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116, P.L. 107-134, P.L.
19107-147, excluding sections 101 and 301 (a) of P.L. 107-147, P.L. 107-181, P.L.
20107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27, excluding sections 106, 201, and
21202 of P.L. 108-27, P.L. 108-121, P.L. 108-173, excluding section 1201 of P.L.
22108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 308, 316,
23401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 211, 242,
24244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 108-476, P.L.
25109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,

11326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-59, excluding section 11146
2of P.L. 109-59, P.L. 109-73, excluding section 301 of P.L. 109-73, P.L. 109-135,
3excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),
4(j), and (q), and 405 of P.L. 109-135, P.L. 109-151, P.L. 109-222, excluding sections
5101, 207, 209, 503, 512, and 513 of P.L. 109-222, P.L. 109-227, and P.L. 109-280,
6excluding sections 811 and 844 of P.L. 109-280, and P.L. 110-458, applies for
7Wisconsin purposes at the same time as for federal purposes. Amendments to the
8Internal Revenue Code enacted after December 31, 2005, do not apply to this
9subdivision with respect to taxable years that begin after December 31, 2005, and
10before January 1, 2007, except that changes to the Internal Revenue Code made by
11P.L. 109-222, excluding sections 101, 207, 209, 503, 512, and 513 of P.L. 109-222, P.L.
12109-227, and P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280, and P.L.
13110-458,
and changes that indirectly affect the provisions applicable to this
14subchapter made by P.L. 109-222, excluding sections 101, 207, 209, 503, 512, and 513
15of P.L. 109-222, P.L. 109-227, and P.L. 109-280, excluding sections 811 and 844 of
16P.L. 109-280, and P.L. 110-458, apply for Wisconsin purposes at the same time as
17for federal purposes.
AB75-SSA1, s. 1632 18Section 1632. 71.26 (2) (b) 20. of the statutes is amended to read:
AB75-SSA1,874,2119 71.26 (2) (b) 20. For taxable years that begin after December 31, 2006, and
20before January 1, 2008,
for a corporation, conduit, or common law trust which
21qualifies as a regulated investment company, real estate mortgage investment
22conduit, real estate investment trust, or financial asset securitization investment
23trust under the Internal Revenue Code as amended to December 31, 2006, excluding
24sections 103, 104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d),
2513174, and 13203 (d) of P.L. 103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and

11605 (d) of P.L. 104-188, sections 1, 3, 4, and 5 of P.L. 106-519, sections 162 and 165
2of P.L. 106-554, P.L. 106-573, section 431 of P.L. 107-16, sections 101 and 301 (a) of
3P.L. 107-147, sections 106, 201, and 202 of P.L. 108-27, section 1201 of P.L. 108-173,
4sections 306, 308, 316, 401, and 403 (a) of P.L. 108-311, sections 101, 201, 211, 242,
5244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 109-1, sections 1305, 1308,
61309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58,
7section 11146 of P.L. 109-59, section 301 of P.L. 109-73, sections 101, 105, 201 (a) as
8it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135,
9sections 101, 207, 209, 503, 512, and 513 of P.L. 109-222, sections 811 and 844 of P.L.
10109-280, and P.L. 109-432, and as amended by P.L. 110-458, and as indirectly
11affected in the provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203,
12P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508,
13P.L. 102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L.
14102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and
1513203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L.
16104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
17104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L.
18105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L. 106-230, P.L. 106-554,
19excluding sections 162 and 165 of P.L. 106-554, P.L. 107-15, P.L. 107-16, excluding
20section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116, P.L. 107-134, P.L. 107-147,
21excluding sections 101 and 301 (a) of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L.
22107-276, P.L. 107-358, P.L. 108-27, excluding sections 106, 201, and 202 of P.L.
23108-27, 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, 308, 316, 401, and 403
25(a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336, 337,

1422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 108-476, P.L. 109-7, P.L.
2109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
31329, 1348, and 1351 of P.L. 109-58, P.L. 109-59, excluding section 11146 of P.L.
4109-59, P.L. 109-73, excluding section 301 of P.L. 109-73, P.L. 109-135, excluding
5sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and
6(q), and 405 of P.L. 109-135, P.L. 109-151, P.L. 109-222, excluding sections 101, 207,
7209, 503, 512, and 513 of P.L. 109-222, P.L. 109-227, and P.L. 109-280, excluding
8sections 811 and 844 of P.L. 109-280, and P.L. 110-458, "net income" means the
9federal regulated investment company taxable income, federal real estate mortgage
10investment conduit taxable income, federal real estate investment trust or financial
11asset securitization investment trust taxable income of the corporation, conduit, or
12trust as determined under the Internal Revenue Code as amended to December 31,
132006, excluding sections 103, 104, and 110 of P.L. 102-227, sections 13113, 13150 (d),
1413171 (d), 13174, and 13203 (d) of P.L. 103-66, sections 1123 (b), 1202 (c), 1204 (f),
151311, and 1605 (d) of P.L. 104-188, sections 1, 3, 4, and 5 of P.L. 106-519, sections
16162 and 165 of P.L. 106-554, P.L. 106-573, section 431 of P.L. 107-16, sections 101
17and 301 (a) of P.L. 107-147, sections 106, 201, and 202 of P.L. 108-27, section 1201
18of P.L. 108-173, sections 306, 308, 316, 401, and 403 (a) of P.L. 108-311, sections 101,
19201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 109-1,
20sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351
21of P.L. 109-58, section 11146 of P.L. 109-59, section 301 of P.L. 109-73, sections 101,
22105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of
23P.L. 109-135, sections 101, 207, 209, 503, 512, and 513 of P.L. 109-222, sections 811
24and 844 of P.L. 109-280, and P.L. 109-432, and as amended by P.L. 110-458, and as
25indirectly affected in the provisions applicable to this subchapter by P.L. 99-514, P.L.

1100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L.
2101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L.
3102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d),
413174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L.
5104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
6(d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L.
7105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L. 106-230, P.L.
8106-554, excluding sections 162 and 165 of P.L. 106-554, P.L. 107-15, P.L. 107-16,
9excluding section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116, P.L. 107-134, P.L.
10107-147, excluding sections 101 and 301 (a) of P.L. 107-147, P.L. 107-181, P.L.
11107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27, excluding sections 106, 201, and
12202 of P.L. 108-27, 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, 308, 316,
14401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 211, 242,
15244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 108-476, P.L.
16109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,
171326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-59, excluding section 11146
18of P.L. 109-59, P.L. 109-73, excluding section 301 of P.L. 109-73, P.L. 109-135,
19excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),
20(j), and (q), and 405 of P.L. 109-135, P.L. 109-151, P.L. 109-222, excluding sections
21101, 207, 209, 503, 512, and 513 of P.L. 109-222, P.L. 109-227, and P.L. 109-280,
22excluding sections 811 and 844 of P.L. 109-280, and P.L. 110-458, except that
23property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated
24for taxable years 1983 to 1986 under the Internal Revenue Code as amended to
25December 31, 1980, shall continue to be depreciated under the Internal Revenue

1Code as amended to December 31, 1980, and except that the appropriate amount
2shall be added or subtracted to reflect differences between the depreciation or
3adjusted basis for federal income tax purposes and the depreciation or adjusted basis
4under this chapter of any property disposed of during the taxable year. The Internal
5Revenue Code as amended to December 31, 2006, excluding sections 103, 104, and
6110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
7103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188,
8sections 1, 3, 4, and 5 of P.L. 106-519, sections 162 and 165 of P.L. 106-554, P.L.
9106-573, section 431 of P.L. 107-16, sections 101 and 301 (a) of P.L. 107-147, sections
10106, 201, and 202 of P.L. 108-27, section 1201 of P.L. 108-173, sections 306, 308, 316,
11401, and 403 (a) of P.L. 108-311, sections 101, 201, 211, 242, 244, 336, 337, 422, 847,
12909, and 910 of P.L. 108-357, P.L. 109-1, sections 1305, 1308, 1309, 1310, 1323, 1324,
131325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, section 11146 of P.L. 109-59,
14section 301 of P.L. 109-73, sections 101, 105, 201 (a) as it relates to section 1400S (a),
15402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, sections 101, 207, 209, 503, 512,
16and 513 of P.L. 109-222, sections 811 and 844 of P.L. 109-280, and P.L. 109-432, and
17as amended by P.L. 110-458,
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. 105-178, P.L. 105-206, P.L. 105-277, P.L.
25106-36, P.L. 106-170, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of

1P.L. 106-554, P.L. 107-15, P.L. 107-16, excluding section 431 of P.L. 107-16, P.L.
2107-22, P.L. 107-116, P.L. 107-134, P.L. 107-147, excluding sections 101 and 301 (a)
3of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27,
4excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, P.L. 108-173,
5excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311,
6excluding sections 306, 308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357,
7excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
8108-357, P.L. 108-375, P.L. 108-476, P.L. 109-7, P.L. 109-58, excluding sections
91305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
10109-58, P.L. 109-59, excluding section 11146 of P.L. 109-59, P.L. 109-73, excluding
11section 301 of P.L. 109-73, P.L. 109-135, excluding sections 101, 105, 201 (a) as it
12relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L.
13109-151, P.L. 109-222, excluding sections 101, 207, 209, 503, 512, and 513 of P.L.
14109-222, 109-227, and P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280,
15and P.L. 110-458, applies for Wisconsin purposes at the same time as for federal
16purposes. Amendments to the Internal Revenue Code enacted after December 31,
172006, do not apply to this subdivision with respect to taxable years that begin after
18December 31, 2006, and before January 1, 2008, except that changes to the Internal
19Revenue Code made by P.L. 110-458, and changes that indirectly affect the
20provisions applicable to this subchapter made by P.L. 110-458, apply for Wisconsin
21purposes at the same time as for federal purposes
.
AB75-SSA1, s. 1633 22Section 1633. 71.26 (2) (b) 21. of the statutes is created to read:
AB75-SSA1,879,2423 71.26 (2) (b) 21. For taxable years that begin after December 31, 2007, and
24before January 1, 2009, 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, 2007, 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, sections 1, 3, 4, and 5 of P.L. 106-519, sections 162 and 165
6of P.L. 106-554, P.L. 106-573, section 431 of P.L. 107-16, sections 101 and 301 (a) of
7P.L. 107-147, sections 106, 201, and 202 of P.L. 108-27, section 1201 of P.L. 108-173,
8sections 306, 308, 316, 401, and 403 (a) of P.L. 108-311, sections 101, 201, 211, 242,
9244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 109-1, sections 1305, 1308,
101309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58,
11section 11146 of P.L. 109-59, section 301 of P.L. 109-73, sections 101, 105, 201 (a) as
12it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135,
13sections 101, 207, 209, 503, and 513 of P.L. 109-222, section 844 of P.L. 109-280, P.L.
14109-432, P.L. 110-28, P.L. 110-140, and P.L. 110-172, and as amended by P.L.
15110-458, and as indirectly affected in the provisions applicable to this subchapter by
16P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179,
17P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L.
18102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150
19(d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L.
20103-465, P.L. 104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
211311, and 1605 (d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L.
22105-34, P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L.
23106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, P.L. 107-15,
24P.L. 107-16, excluding section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116, P.L.
25107-134, P.L. 107-147, excluding sections 101 and 301 (a) of P.L. 107-147, P.L.

1107-181, P.L. 107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27, excluding sections
2106, 201, and 202 of P.L. 108-27, P.L. 108-121, P.L. 108-173, excluding section 1201
3of P.L. 108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections 306,
4308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201,
5211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L.
6108-476, P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323,
71324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-59, excluding
8section 11146 of P.L. 109-59, P.L. 109-73, excluding section 301 of P.L. 109-73, P.L.
9109-135, excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402
10(e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L. 109-151, P.L. 109-222, excluding
11sections 101, 207, 209, 503, and 513 of P.L. 109-222, P.L. 109-227, P.L. 109-280,
12excluding section 844 of P.L. 109-280, and P.L. 110-458, "net income" means the
13federal regulated investment company taxable income, federal real estate mortgage
14investment conduit taxable income, federal real estate investment trust or financial
15asset securitization investment trust taxable income of the corporation, conduit, or
16trust as determined under the Internal Revenue Code as amended to December 31,
172007, excluding sections 103, 104, and 110 of P.L. 102-227, sections 13113, 13150 (d),
1813171 (d), 13174, and 13203 (d) of P.L. 103-66, sections 1123 (b), 1202 (c), 1204 (f),
191311, and 1605 (d) of P.L. 104-188, sections 1, 3, 4, and 5 of P.L. 106-519, sections
20162 and 165 of P.L. 106-554, P.L. 106-573, section 431 of P.L. 107-16, sections 101
21and 301 (a) of P.L. 107-147, sections 106, 201, and 202 of P.L. 108-27, section 1201
22of P.L. 108-173, sections 306, 308, 316, 401, and 403 (a) of P.L. 108-311, sections 101,
23201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 109-1,
24sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351
25of P.L. 109-58, section 11146 of P.L. 109-59, section 301 of P.L. 109-73, sections 101,

1105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of
2P.L. 109-135, sections 101, 207, 209, 503, and 513 of P.L. 109-222, section 844 of P.L.
3109-280, P.L. 109-432, P.L. 110-28, P.L. 110-140, and P.L. 110-172, and as amended
4by P.L. 110-458, and as indirectly affected in the provisions applicable to this
5subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140,
6P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections 103, 104,
7and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections
813113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L.
9103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188, excluding sections 1123 (b), 1202
10(c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L.
11105-33, P.L. 105-34, P.L. 105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36, P.L.
12106-170, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554,
13P.L. 107-15, P.L. 107-16, excluding section 431 of P.L. 107-16, P.L. 107-22, P.L.
14107-116, P.L. 107-134, P.L. 107-147, excluding sections 101 and 301 (a) of P.L.
15107-147, 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, P.L. 108-173,
17excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311,
18excluding sections 306, 308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357,
19excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
20108-357, P.L. 108-375, P.L. 108-476, P.L. 109-7, P.L. 109-58, excluding sections
211305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
22109-58, P.L. 109-59, excluding section 11146 of P.L. 109-59, P.L. 109-73, excluding
23section 301 of P.L. 109-73, P.L. 109-135, excluding sections 101, 105, 201 (a) as it
24relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L.
25109-151, P.L. 109-222, excluding sections 101, 207, 209, 503, and 513 of P.L.

1109-222, P.L. 109-227, P.L. 109-280, excluding section 844 of P.L. 109-280, and P.L.
2110-458, except that property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is
3required to be depreciated for taxable years 1983 to 1986 under the Internal Revenue
4Code as amended to December 31, 1980, shall continue to be depreciated under the
5Internal Revenue Code as amended to December 31, 1980, and except that the
6appropriate amount shall be added or subtracted to reflect differences between the
7depreciation or adjusted basis for federal income tax purposes and the depreciation
8or adjusted basis under this chapter of any property disposed of during the taxable
9year. The Internal Revenue Code as amended to December 31, 2007, excluding
10sections 103, 104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d),
1113174, and 13203 (d) of P.L. 103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and
121605 (d) of P.L. 104-188, sections 1, 3, 4, and 5 of P.L. 106-519, sections 162 and 165
13of P.L. 106-554, P.L. 106-573, section 431 of P.L. 107-16, sections 101 and 301 (a) of
14P.L. 107-147, sections 106, 201, and 202 of P.L. 108-27, section 1201 of P.L. 108-173,
15sections 306, 308, 316, 401, and 403 (a) of P.L. 108-311, sections 101, 201, 211, 242,
16244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 109-1, sections 1305, 1308,
171309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58,
18section 11146 of P.L. 109-59, section 301 of P.L. 109-73, sections 101, 105, 201 (a) as
19it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135,
20sections 101, 207, 209, 503, and 513 of P.L. 109-222, section 844 of P.L. 109-280, P.L.
21109-432, P.L. 110-28, P.L. 110-140, and P.L. 110-172, and as amended by P.L.
22110-458, and as indirectly affected in the provisions applicable to this subchapter 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. 109-59, excluding
15section 11146 of P.L. 109-59, P.L. 109-73, excluding section 301 of P.L. 109-73, P.L.
16109-135, excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402
17(e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L. 109-151, P.L. 109-222, excluding
18sections 101, 207, 209, 503, and 513 of P.L. 109-222, P.L. 109-227, P.L. 109-280,
19excluding section 844 of P.L. 109-280, and P.L. 110-458, applies for Wisconsin
20purposes at the same time as for federal purposes. Amendments to the Internal
21Revenue Code enacted after December 31, 2007, do not apply to this subdivision with
22respect to taxable years that begin after December 31, 2007, and before January 1,
232009, except that changes to the Internal Revenue Code made by P.L. 110-458, apply
24for Wisconsin purposes at the same time as for federal purposes.
AB75-SSA1, s. 1634 25Section 1634. 71.26 (2) (b) 22. of the statutes is created to read:
AB75-SSA1,885,4
171.26 (2) (b) 22. For taxable years that begin after December 31, 2008, for a
2corporation, conduit, or common law trust which qualifies as a regulated investment
3company, real estate mortgage investment conduit, real estate investment trust, or
4financial asset securitization investment trust under the Internal Revenue Code as
5amended to December 31, 2008, excluding sections 103, 104, and 110 of P.L. 102-227,
6sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, sections
71123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, sections 1, 3, 4, and
85 of P.L. 106-519, sections 162 and 165 of P.L. 106-554, P.L. 106-573, section 431 of
9P.L. 107-16, sections 101 and 301 (a) of P.L. 107-147, sections 106, 201, and 202 of
10P.L. 108-27, section 1201 of P.L. 108-173, sections 306, 308, 316, 401, and 403 (a) of
11P.L. 108-311, sections 101, 102, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910
12of P.L. 108-357, P.L. 109-1, sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326,
131328, 1329, 1348, and 1351 of P.L. 109-58, section 11146 of P.L. 109-59, section 301
14of P.L. 109-73, sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403
15(e), (j), and (q), and 405 of P.L. 109-135, sections 101, 207, 209, 503, and 513 of P.L.
16109-222, section 844 of P.L. 109-280, P.L. 109-432, P.L. 110-28, P.L. 110-140, P.L.
17110-141, P.L. 110-142, P.L. 110-166, P.L. 110-172, P.L. 110-185, P.L. 110-234, P.L.
18110-245, P.L. 110-289, P.L. 110-317, P.L. 110-343, and P.L. 110-351, 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 sections 101 and 301 (a) of P.L. 107-147, P.L. 107-181, P.L.
5107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27, excluding sections 106, 201, and
6202 of P.L. 108-27, P.L. 108-121, P.L. 108-173, excluding section 1201 of P.L.
7108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 308, 316,
8401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 102, 201, 211,
9242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 108-476,
10P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,
111326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-59, excluding section 11146
12of P.L. 109-59, P.L. 109-73, excluding section 301 of P.L. 109-73, P.L. 109-135,
13excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),
14(j), and (q), and 405 of P.L. 109-135, P.L. 109-151, P.L. 109-222, excluding sections
15101, 207, 209, 503, and 513 of P.L. 109-222, P.L. 109-227, P.L. 109-280, excluding
16section 844 of P.L. 109-280, and P.L. 110-458, "net income" means the federal
17regulated investment company taxable income, federal real estate mortgage
18investment conduit taxable income, federal real estate investment trust or financial
19asset securitization investment trust taxable income of the corporation, conduit, or
20trust as determined under the Internal Revenue Code as amended to December 31,
212008, excluding sections 103, 104, and 110 of P.L. 102-227, sections 13113, 13150 (d),
2213171 (d), 13174, and 13203 (d) of P.L. 103-66, sections 1123 (b), 1202 (c), 1204 (f),
231311, and 1605 (d) of P.L. 104-188, sections 1, 3, 4, and 5 of P.L. 106-519, sections
24162 and 165 of P.L. 106-554, P.L. 106-573, section 431 of P.L. 107-16, sections 101
25and 301 (a) of P.L. 107-147, sections 106, 201, and 202 of P.L. 108-27, section 1201

1of P.L. 108-173, sections 306, 308, 316, 401, and 403 (a) of P.L. 108-311, sections 101,
2102, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 109-1,
3sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351
4of P.L. 109-58, section 11146 of P.L. 109-59, section 301 of P.L. 109-73, sections 101,
5105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of
6P.L. 109-135, sections 101, 207, 209, 503, and 513 of P.L. 109-222, section 844 of P.L.
7109-280, P.L. 109-432, P.L. 110-28, P.L. 110-140, P.L. 110-141, P.L. 110-142, P.L.
8110-166, P.L. 110-172, P.L. 110-185, P.L. 110-234, P.L. 110-245, P.L. 110-289, P.L.
9110-317, P.L. 110-343, and P.L. 110-351, and as indirectly affected in the provisions
10applicable to this subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L.
11101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227,
12excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L.
13103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
14103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188,
15excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L.
16104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L. 105-206, P.L.
17105-277, P.L. 106-36, P.L. 106-170, P.L. 106-230, P.L. 106-554, excluding sections
18162 and 165 of P.L. 106-554, P.L. 107-15, P.L. 107-16, excluding section 431 of P.L.
19107-16, P.L. 107-22, P.L. 107-116, P.L. 107-134, P.L. 107-147, excluding sections
20101 and 301 (a) of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L. 107-276, P.L.
21107-358, P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L.
22108-121, P.L. 108-173, excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L.
23108-218, P.L. 108-311, excluding sections 306, 308, 316, 401, and 403 (a) of P.L.
24108-311, P.L. 108-357, excluding sections 101, 102, 201, 211, 242, 244, 336, 337, 422,
25847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 108-476, P.L. 109-7, P.L.

1109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
21329, 1348, and 1351 of P.L. 109-58, P.L. 109-59, excluding section 11146 of P.L.
3109-59, P.L. 109-73, excluding section 301 of P.L. 109-73, P.L. 109-135, excluding
4sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and
5(q), and 405 of P.L. 109-135, P.L. 109-151, P.L. 109-222, excluding sections 101, 207,
6209, 503, and 513 of P.L. 109-222, P.L. 109-227, P.L. 109-280, excluding section 844
7of P.L. 109-280, and P.L. 110-458, except that property that, under s. 71.02 (1) (c) 8.
8to 11., 1985 stats., is required to be depreciated for taxable years 1983 to 1986 under
9the Internal Revenue Code as amended to December 31, 1980, shall continue to be
10depreciated under the Internal Revenue Code as amended to December 31, 1980,
11and except that the appropriate amount shall be added or subtracted to reflect
12differences between the depreciation or adjusted basis for federal income tax
13purposes and the depreciation or adjusted basis under this chapter of any property
14disposed of during the taxable year. The Internal Revenue Code as amended to
15December 31, 2008, excluding sections 103, 104, and 110 of P.L. 102-227, sections
1613113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L. 103-66, sections 1123 (b),
171202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, sections 1, 3, 4, and 5 of P.L.
18106-519, sections 162 and 165 of P.L. 106-554, P.L. 106-573, section 431 of P.L.
19107-16, sections 101 and 301 (a) of P.L. 107-147, sections 106, 201, and 202 of P.L.
20108-27, section 1201 of P.L. 108-173, sections 306, 308, 316, 401, and 403 (a) of P.L.
21108-311, sections 101, 102, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
22108-357, P.L. 109-1, sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
231329, 1348, and 1351 of P.L. 109-58, section 11146 of P.L. 109-59, section 301 of P.L.
24109-73, sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),
25(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, P.L.
2110-141, P.L. 110-142, P.L. 110-166, P.L. 110-172, P.L. 110-185, P.L. 110-234, P.L.
3110-245, P.L. 110-289, P.L. 110-317, P.L. 110-343, and P.L. 110-351, and as
4indirectly affected in the provisions applicable to this subchapter by P.L. 99-514, P.L.
5100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L.
6101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L.
7102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d),
813174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L.
9104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
10(d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L.
11105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L. 106-230, P.L.
12106-554, excluding sections 162 and 165 of P.L. 106-554, P.L. 107-15, P.L. 107-16,
13excluding section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116, P.L. 107-134, P.L.
14107-147, excluding sections 101 and 301 (a) of P.L. 107-147, P.L. 107-181, P.L.
15107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27, excluding sections 106, 201, and
16202 of P.L. 108-27, P.L. 108-121, P.L. 108-173, excluding section 1201 of P.L.
17108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 308, 316,
18401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 102, 201, 211,
19242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 108-476,
20P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,
211326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-59, excluding section 11146
22of P.L. 109-59, P.L. 109-73, excluding section 301 of P.L. 109-73, P.L. 109-135,
23excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),
24(j), and (q), and 405 of P.L. 109-135, P.L. 109-151, P.L. 109-222, excluding sections
25101, 207, 209, 503, and 513 of P.L. 109-222, P.L. 109-227, P.L. 109-280, excluding

1section 844 of P.L. 109-280, and P.L. 110-458, applies for Wisconsin purposes at the
2same time as for federal purposes. Amendments to the Internal Revenue Code
3enacted after December 31, 2008, do not apply to this subdivision with respect to
4taxable years that begin after December 31, 2008.
AB75-SSA1, s. 1635 5Section 1635. 71.26 (3) (n) of the statutes is amended to read:
AB75-SSA1,885,96 71.26 (3) (n) Sections 381, 382 and 383 (relating to carry-overs in certain
7corporate acquisitions) are modified so that they apply to losses under sub. (4) and
8credits under s. 71.28 (1di), (1dL), (1dm), (1dx), (3), (4), (4m), and (5) instead of to
9federal credits and federal net operating losses.
AB75-SSA1, s. 1636 10Section 1636. 71.27 (7) (b) of the statutes is created to read:
AB75-SSA1,885,1511 71.27 (7) (b) For taxable years beginning after December 31, 2008, for persons
12who qualify for a federal extension of time to file under 26 USC 7508A due to a
13presidentially declared disaster or terroristic or military action, income or franchise
14taxes payable upon the filing of the tax return are not subject to interest as otherwise
15provided under par. (a).
AB75-SSA1, s. 1638 16Section 1638. 71.28 (1fd) of the statutes is repealed.
AB75-SSA1, s. 1639 17Section 1639. 71.28 (2m) (a) 1. (intro.) of the statutes is amended to read:
AB75-SSA1,885,2018 71.28 (2m) (a) 1. (intro.) "Claimant" means an owner of farmland, as defined
19in s. 91.01 (9), 2007 stats., of farmland domiciled in this state during the entire year
20for which a credit under this subsection is claimed, except as follows:
AB75-SSA1, s. 1640 21Section 1640. 71.28 (2m) (a) 3. of the statutes is amended to read:
AB75-SSA1,886,622 71.28 (2m) (a) 3. "Farmland" means 35 or more acres of real property, exclusive
23of improvements, in this state, in agricultural use, as defined in s. 91.01 (1), 2007
24stats.,
and owned by the claimant or any member of the claimant's household during
25the taxable year for which a credit under this subsection is claimed if the farm of

1which the farmland is a part, during that year, produced not less than $6,000 in gross
2farm profits resulting from agricultural use, as defined in s. 91.01 (1), 2007 stats., or
3if the farm of which the farmland is a part, during that year and the 2 years
4immediately preceding that year, produced not less than $18,000 in such profits, or
5if at least 35 acres of the farmland, during all or part of that year, was enrolled in the
6conservation reserve program under 16 USC 3831 to 3836.
AB75-SSA1, s. 1641 7Section 1641. 71.28 (2m) (a) 4. of the statutes is amended to read:
AB75-SSA1,886,138 71.28 (2m) (a) 4. "Gross farm profits" means gross receipts, excluding rent,
9from agricultural use, as defined in s. 91.01 (1), 2007 stats., including the fair market
10value at the time of disposition of payments in kind for placing land in federal
11programs or payments from the federal dairy termination program under 7 USC
121446
(d), less the cost or other basis of livestock or other items purchased for resale
13which are sold or otherwise disposed of during the taxable year.
AB75-SSA1, s. 1642 14Section 1642. 71.28 (2m) (e) of the statutes is created to read:
AB75-SSA1,886,1615 71.28 (2m) (e) Sunset. No new claim may be filed under this subsection for a
16taxable year that begins after December 31, 2009.
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