AB100-engrossed,1111,1418
71.22
(4) (g) 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, 1991, and before January 1, 1993, means the federal internal revenue
21code as amended to December 31, 1991, excluding sections 103, 104 and 110 of P.L.
22102-227, and as amended by P.L.
102-318, P.L.
102-486 and
, P.L.
103-66, excluding
23sections 13101 (a) and (c) 1, 13171 and 13174 of P.L.
103-66,
and P.L. 104-188,
24excluding section 1311 of P.L. 104-188, and as indirectly affected in the provisions
25applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647 excluding
1sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2) and 823 (c) (2) of P.L.
99-514 2and section 1008 (g) (5) of P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
3101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
4102-227, P.L.
102-318, P.L.
102-486 and, P.L.
103-66, excluding sections 13101 (a)
5and (c) 1, 13171 and 13174 of P.L.
103-66, and P.L. 104-188, excluding section 1311
6of P.L. 104-188. The internal revenue code applies for Wisconsin purposes at the
7same time as for federal purposes. Amendments to the federal internal revenue code
8enacted after December 31, 1991, do not apply to this paragraph with respect to
9taxable years beginning after December 31, 1991, and before January 1, 1993, except
10that changes to the internal revenue code made by P.L.
102-318, P.L.
102-486 and, 11P.L.
103-66 and P.L. 104-188, excluding section 1311 of P.L. 104-188, and changes
12that indirectly affect the provisions applicable to this subchapter made by P.L.
13102-318, P.L.
102-486 and, P.L.
103-66 and P.L. 104-188, excluding section 1311 of
14P.L. 104-188, apply for Wisconsin purposes at the same time as for federal purposes.
AB100-engrossed,1112,1316
71.22
(4) (h) Except as provided in sub. (4m) and ss. 71.26 (2) (b) and (3), 71.34
17(1g) and 71.42 (2), "internal revenue code", for taxable years that begin after
18December 31, 1992, and before January 1, 1994, means the federal internal revenue
19code as amended to December 31, 1992, excluding sections 103, 104 and 110 of P.L.
20102-227, and as amended by P.L.
103-66, excluding sections 13101 (a) and (c) 1,
2113113, 13150, 13171, 13174 and 13203 of P.L.
103-66,
and P.L.
103-465, and P.L.
22104-188, excluding section 1311 of P.L. 104-188, and as indirectly affected in the
23provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647 24excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2) and 823 (c) (2) of
25P.L.
99-514 and section 1008 (g) (5) of P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
1101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104 and
2110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
313101 (a) and (c) 1, 13113, 13150, 13171, 13174 and 13203 of P.L.
103-66 and, P.L.
4103-465 and P.L. 104-188, excluding section 1311 of P.L. 104-188. The internal
5revenue code applies for Wisconsin purposes at the same time as for federal purposes.
6Amendments to the federal internal revenue code enacted after December 31, 1992,
7do not apply to this paragraph with respect to taxable years beginning after
8December 31, 1992, and before January 1, 1994, except that changes to the internal
9revenue code made by P.L.
103-66 and, P.L.
103-465 and P.L. 104-188, excluding
10section 1311 of P.L. 104-188, and changes that indirectly affect the provisions
11applicable to this subchapter made by P.L.
103-66 and
, P.L.
103-465 and P.L.
12104-188, excluding section 1311 of P.L. 104-188, apply for Wisconsin purposes at the
13same time as for federal purposes.
AB100-engrossed,1113,1615
71.22
(4) (i) Except as provided in sub. (4m) and ss. 71.26 (2) (b) and (3), 71.34
16(1g) and 71.42 (2), "internal revenue code", for taxable years that begin after
17December 31, 1993, and before January 1, 1995, means the federal internal revenue
18code as amended to December 31, 1993, excluding sections 103, 104 and 110 of P.L.
19102-227 and sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d) and 13215 of P.L.
20103-66, and as amended by P.L.
103-296, P.L.
103-337, P.L.
103-465
and, P.L.
21104-7, excluding section 1 of P.L.
104-7,
P.L. 104-188, excluding section 1311 of P.L.
22104-188, P.L. 104-191 and P.L. 104-193 and as indirectly affected in the provisions
23applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647 excluding
24sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2) and 823 (c) (2) of P.L.
99-514 25and section 1008 (g) (5) of P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
1101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
2102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
3(d), 13171 (d), 13174, 13203 (d) and 13215 of P.L.
103-66, P.L.
103-296, P.L.
103-337,
4P.L.
103-465 and, P.L.
104-7, excluding section 1 of P.L.
104-7, P.L. 104-188,
5excluding section 1311 of P.L. 104-188, P.L. 104-191 and P.L. 104-193. The internal
6revenue code applies for Wisconsin purposes at the same time as for federal purposes.
7Amendments to the federal internal revenue code enacted after December 31,
1993,
8do not apply to this paragraph with respect to taxable years beginning after
9December 31, 1993, and before January 1, 1995, except that changes to the internal
10revenue code made by P.L.
103-296, P.L.
103-337, P.L.
103-465 and, P.L.
104-7,
11excluding section 1 of P.L.
104-7,
P.L. 104-188, excluding section 1311 of P.L.
12104-188, P.L. 104-191 and P.L. 104-193 and changes that indirectly affect the
13provisions applicable to this subchapter made by P.L.
103-296, P.L.
103-337, P.L.
14103-465 and, P.L.
104-7, excluding section 1 of P.L.
104-7,
P.L. 104-188, excluding
15section 1311 of P.L. 104-188, P.L. 104-191 and P.L. 104-193 apply for Wisconsin
16purposes at the same time as for federal purposes.
AB100-engrossed,1114,1618
71.22
(4) (j) 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, 1994, and before January 1, 1996, means the federal internal revenue
21code as amended to December 31, 1994, excluding sections 103, 104 and 110 of P.L.
22102-227 and sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66,
23and as amended by P.L.
104-7, P.L. 104-188, excluding sections 1202, 1204, 1311 and
241605 of P.L. 104-188, P.L. 104-191 and P.L. 104-193 and as indirectly affected in the
25provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647
1excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2) and 823 (c) (2) of
2P.L.
99-514 and section 1008 (g) (5) of P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
3101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104 and
4110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
513113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
6103-337, P.L.
103-465 and, P.L.
104-7, P.L. 104-188, excluding sections 1202, 1204,
71311 and 1605 of P.L. 104-188, P.L. 104-191 and P.L. 104-193. The internal revenue
8code applies for Wisconsin purposes at the same time as for federal purposes.
9Amendments to the federal internal revenue code enacted after December 31,
1994,
10do not apply to this paragraph with respect to taxable years beginning after
11December 31, 1994, and before January 1, 1996, except that changes to the internal
12revenue code made by P.L.
104-7, P.L. 104-188, excluding sections 1202, 1204, 1311
13and 1605 of P.L. 104-188, P.L. 104-191 and P.L. 104-193 and changes that indirectly
14affect the provisions applicable to this subchapter made by P.L.
104-7, P.L. 104-188,
15excluding sections 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and P.L.
16104-193 apply for Wisconsin purposes at the same time as for federal purposes.
AB100-engrossed,1115,1618
71.22
(4) (k) 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, 1995,
and before January 1, 1997, means the federal internal revenue
21code as amended to December 31, 1995, excluding sections 103, 104 and 110 of P.L.
22102-227 and sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66,
23and as amended by P.L. 104-188, excluding sections 1123, 1202, 1204, 1311 and 1605
24of P.L. 104-188, P.L. 104-191 and P.L. 104-193 and as indirectly affected in the
25provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647
1excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2) and 823 (c) (2) of
2P.L.
99-514 and section 1008 (g) (5) of P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
3101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104 and
4110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
513113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
6103-337, P.L.
103-465 and, P.L.
104-7, P.L. 104-188, excluding sections 1123, 1202,
71204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and P.L. 104-193. The internal
8revenue code applies for Wisconsin purposes at the same time as for federal purposes.
9Amendments to the federal internal revenue code enacted after December 31,
1995,
10do not apply to this paragraph with respect to taxable years beginning after
11December 31, 1995
, and before January 1, 1997, except that changes to the Internal
12Revenue Code made by P.L. 104-188, excluding sections 1123, 1202, 1204, 1311 and
131605 of P.L. 104-188, P.L. 104-191 and P.L. 104-193, and changes that indirectly
14affect the provisions applicable to this subchapter made by P.L. 104-188, excluding
15sections 1123, 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and P.L.
16104-193 apply for Wisconsin purposes at the same time as for federal purposes.
AB100-engrossed,1116,1018
71.22
(4) (L) 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, 1996, means the federal internal revenue code as amended to
21December 31, 1996, excluding sections 103, 104 and 110 of P.L.
102-227, sections
2213113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66 and sections 1123 (b),
231202 (c), 1204 (f), 1311 and 1605 (d) of P.L.
104-188, and as indirectly affected in the
24provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647 25excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2) and 823 (c) (2) of
1P.L.
99-514 and section 1008 (g) (5) of P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
2101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104 and
3110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
413113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
5103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202
6(c), 1204 (f), 1311 and 1605 (d) of P.L.
104-188, P.L.
104-191 and P.L.
104-193. The
7internal revenue code applies for Wisconsin purposes at the same time as for federal
8purposes. Amendments to the federal internal revenue code enacted after
9December 31, 1996, do not apply to this paragraph with respect to taxable years
10beginning after December 31, 1996.
AB100-engrossed,1117,513
71.22
(4m) (c) For taxable years that begin after December 31, 1989, and before
14January 1, 1991, "internal revenue code", for corporations that are subject to a tax
15on unrelated business income under s. 71.26 (1) (a), means the federal internal
16revenue code as amended to December 31, 1989, and as amended by P.L.
101-508,
17P.L.
102-227 and, P.L.
103-66 and P.L. 104-188, excluding section 1311 of P.L.
18104-188, and as indirectly affected in the provisions applicable to this subchapter
19by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179,
20P.L.
101-239, P.L.
101-508, P.L.
102-227 and, P.L.
103-66 and P.L. 104-188,
21excluding section 1311 of P.L. 104-188. The internal revenue code applies for
22Wisconsin purposes at the same time as for federal purposes. Amendments to the
23internal revenue code enacted after December 31, 1989, do not apply to this
24paragraph with respect to taxable years beginning after December 31, 1989, and
25before January 1, 1991, except that changes to the internal revenue code made by
1P.L.
101-508, P.L.
102-227 and, P.L.
103-66 and P.L. 104-188, excluding section
21311 of P.L. 104-188, and changes that indirectly affect the provisions applicable to
3this subchapter made by P.L.
101-508, P.L.
102-227 and
, P.L.
103-66 and P.L.
4104-188, excluding section 1311 of P.L. 104-188, apply for Wisconsin purposes at the
5same time as for federal purposes.
AB100-engrossed,1117,247
71.22
(4m) (d) For taxable years that begin after December 31, 1990, and before
8January 1, 1992, "internal revenue code", for corporations that are subject to a tax
9on unrelated business income under s. 71.26 (1) (a), means the federal internal
10revenue code as amended to December 31, 1990, and as amended by P.L.
102-227,
11P.L.
102-486 and, P.L.
103-66 and P.L. 104-188, excluding section 1311 of P.L.
12104-188, and as indirectly affected in the provisions applicable to this subchapter
13by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179,
14P.L.
101-239, P.L.
101-508, P.L.
102-227, P.L.
102-486 and
, P.L.
103-66 and P.L.
15104-188, excluding section 1311 of P.L. 104-188. The internal revenue code applies
16for Wisconsin purposes at the same time as for federal purposes. Amendments to the
17internal revenue code enacted after December 31, 1990, do not apply to this
18paragraph with respect to taxable years beginning after December 31, 1990, and
19before January 1, 1992, except that changes to the internal revenue code made by
20P.L.
102-227, P.L.
102-486 and, P.L.
103-66 and P.L. 104-188, excluding section
211311 of P.L. 104-188, and changes that indirectly affect the provisions applicable to
22this subchapter made by P.L.
102-227, P.L.
102-486 and
, P.L.
103-66 and P.L.
23104-188, excluding section 1311 of P.L. 104-188, apply for Wisconsin purposes at the
24same time as for federal purposes.
AB100-engrossed,1118,21
171.22
(4m) (e) For taxable years that begin after December 31, 1991, and before
2January 1, 1993, "internal revenue code", for corporations that are subject to a tax
3on unrelated business income under s. 71.26 (1) (a), means the federal internal
4revenue code as amended to December 31, 1991, excluding sections 103, 104 and 110
5of P.L.
102-227, and as amended by P.L.
102-318, P.L.
102-486 and, P.L.
103-66,
6excluding sections 13101 (a) and (c) 1, 13171 and 13174 of P.L.
103-66
, and P.L.
7104-188, excluding section 1311 of P.L. 104-188, and as indirectly affected in the
8provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647,
9P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
10excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486 and, 11P.L.
103-66, excluding sections 13101 (a) and (c) 1, 13171 and 13174 of P.L.
103-66,
12and P.L. 104-188, excluding section 1311 of P.L. 104-188. The internal revenue code
13applies for Wisconsin purposes at the same time as for federal purposes.
14Amendments to the internal revenue code enacted after December 31, 1991, do not
15apply to this paragraph with respect to taxable years beginning after December 31,
161991, and before January 1, 1993, except that changes to the internal revenue code
17made by P.L.
102-318, P.L.
102-486 and, P.L.
103-66 and P.L. 104-188, excluding
18section 1311 of P.L. 104-188, and changes that indirectly affect the provisions
19applicable to this subchapter made by P.L.
102-318, P.L.
102-486 and, P.L.
103-66 20and P.L. 104-188, excluding section 1311 of P.L. 104-188, apply for Wisconsin
21purposes at the same time as for federal purposes.
AB100-engrossed,1119,1823
71.22
(4m) (f) For taxable years that begin after December 31, 1992, and before
24January 1, 1994, "internal revenue code", for corporations that are subject to a tax
25on unrelated business income under s. 71.26 (1) (a), means the federal internal
1revenue code as amended to December 31, 1992, excluding sections 103, 104 and 110
2of P.L.
102-227, and as amended by P.L.
103-66, excluding sections 13101 (a) and (c)
31, 13113, 13150, 13171, 13174 and 13203 of P.L.
103-66,
and P.L.
103-465, and P.L.
4104-188, excluding section 1311 of P.L. 104-188, and as indirectly affected in the
5provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647,
6P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
7excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
8103-66, excluding sections 13101 (a) and (c) 1, 13113, 13150, 13171, 13174 and 13203
9of P.L.
103-66 and, P.L.
103-465 and P.L. 104-188, excluding section 1311 of P.L.
10104-188. The internal revenue code applies for Wisconsin purposes at the same time
11as for federal purposes. Amendments to the internal revenue code enacted after
12December 31, 1992, do not apply to this paragraph with respect to taxable years
13beginning after December 31, 1992, and before January 1, 1994, except that changes
14to the internal revenue code made by P.L.
103-66 and, P.L.
103-465 and P.L.
15104-188, excluding section 1311 of P.L. 104-188, and changes that indirectly affect
16the provisions applicable to this subchapter made by P.L.
103-66 and, P.L.
103-465 17and P.L. 104-188, excluding section 1311 of P.L. 104-188, apply for Wisconsin
18purposes at the same time as for federal purposes.
AB100-engrossed,1120,2020
71.22
(4m) (g) For taxable years that begin after December 31, 1993, and
21before January 1, 1995, "internal revenue code", for corporations that are subject to
22a tax on unrelated business income under s. 71.26 (1) (a), means the federal internal
23revenue code as amended to December 31, 1993, excluding sections 103, 104 and 110
24of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d) and 13215
25of P.L.
103-66, and as amended by P.L.
103-296, P.L.
103-337, P.L.
103-465 and, P.L.
1104-7, excluding section 1 of P.L.
104-7,
P.L. 104-188, excluding section 1311 of P.L.
2104-188, P.L. 104-191 and P.L. 104-193 and as indirectly affected in the provisions
3applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
4101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
5excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
6103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d) and 13215
7of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465 and, P.L.
104-7, excluding
8section 1 of P.L.
104-7, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L.
9104-191 and P.L. 104-193. The internal revenue code applies for Wisconsin
10purposes at the same time as for federal purposes. Amendments to the internal
11revenue code enacted after December 31, 1993, do not apply to this paragraph with
12respect to taxable years beginning after December 31, 1993, and before
13January 1, 1995, except that changes to the internal revenue code made by P.L.
14103-296, P.L.
103-337, P.L.
103-465 and, P.L.
104-7, excluding section 1 of P.L.
15104-7,
P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L. 104-191 and P.L.
16104-193 and changes that indirectly affect the provisions applicable to this
17subchapter made by P.L.
103-296, P.L.
103-337, P.L.
103-465 and, P.L.
104-7,
18excluding section 1 of P.L.
104-7,
P.L. 104-188, excluding section 1311 of P.L.
19104-188, P.L. 104-191 and P.L. 104-193 apply for Wisconsin purposes at the same
20time as for federal purposes.
AB100-engrossed,1121,1922
71.22
(4m) (h) For taxable years that begin after December 31, 1994, and
23before January 1, 1996, "internal revenue code", for corporations that are subject to
24a tax on unrelated business income under s. 71.26 (1) (a), means the federal internal
25revenue code as amended to December 31, 1994, excluding sections 103, 104 and 110
1of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
2103-66, and as amended by P.L.
104-7, P.L. 104-188, excluding sections 1202, 1204,
31311 and 1605 of P.L. 104-188, P.L. 104-191 and P.L. 104-193 and as indirectly
4affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203,
5P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508,
6P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
7102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174 and
813203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465
and, P.L.
104-7,
9P.L. 104-188, excluding sections 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L.
10104-191 and P.L. 104-193. 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, 1994, do not apply to this paragraph with
13respect to taxable years beginning after December 31, 1994, and before
14January 1, 1996, except that changes to the internal revenue code made by P.L.
15104-7, P.L. 104-188, excluding sections 1202, 1204, 1311 and 1605 of P.L. 104-188,
16P.L. 104-191 and P.L. 104-193, and changes that indirectly affect the provisions
17applicable to this subchapter made by P.L.
104-7. P.L. 104-188, excluding sections
181202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and P.L. 104-193 apply for
19Wisconsin purposes at the same time as for federal purposes.
AB100-engrossed,1122,1821
71.22
(4m) (i) For taxable years that begin after December 31, 1995,
and before
22January 1, 1997, "internal revenue code", for corporations that are subject to a tax
23on unrelated business income under s. 71.26 (1) (a), means the federal internal
24revenue code as amended to December 31, 1995, excluding sections 103, 104 and 110
25of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
1103-66,
and as amended by P.L. 104-188, excluding sections 1123, 1202, 1204, 1311
2and 1605 of P.L. 104-188, P.L. 104-191 and P.L. 104-193 and as indirectly affected
3in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
4100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
5102-227, excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
6102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174 and
713203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465
and, P.L.
104-7,
8P.L. 104-188, excluding sections 1123, 1202, 1204, 1311 and 1605 of P.L. 104-188,
9P.L. 104-191 and P.L. 104-193. The internal revenue code applies for Wisconsin
10purposes at the same time as for federal purposes. Amendments to the internal
11revenue code enacted after December 31, 1995, do not apply to this paragraph with
12respect to taxable years beginning after December 31, 1995
, and before January 1,
131997 except that changes to the Internal Revenue Code made by P.L. 104-188,
14excluding sections 1123, 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and
15P.L. 104-193 and changes that indirectly affect the provisions applicable to this
16subchapter made by P.L. 104-188, excluding sections 1123, 1202, 1204, 1311 and
171605 of P.L. 104-188, P.L. 104-191 and P.L. 104-193 apply for Wisconsin purposes
18at the same time as for federal purposes.
AB100-engrossed,1123,1020
71.22
(4m) (j) For taxable years that begin after December 31, 1996, "Internal
21Revenue Code", for corporations that are subject to a tax on unrelated business
22income under s. 71.26 (1) (a), means the federal Internal Revenue Code as amended
23to December 31, 1996, excluding sections 103, 104 and 110 of P.L.
102-227, sections
2413113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, and sections 1123
25(b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L.
104-188 and as indirectly affected in
1the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
2100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
3102-227, excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
4102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174 and
513203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
6104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L.
7104-188, P.L.
104-191 and P.L.
104-193. The Internal Revenue Code applies for
8Wisconsin purposes at the same time as for federal purposes. Amendments to the
9Internal Revenue Code enacted after December 31, 1996, do not apply to this
10paragraph with respect to taxable years beginning after December 31, 1996.
AB100-engrossed,1123,1312
71.22
(8) "Pay", in regard to submissions to persons other than the department,
13has the meaning appropriate to the taxpayer's method of accounting.
AB100-engrossed,1123,1615
71.22
(9m) "Subscribe" means write one's signature or, if the department
16prescribes another method of authenticating, use that other method.
AB100-engrossed,1124,819
71.26
(2) (a)
Corporations in general. The "net income" of a corporation means
20the gross income as computed under the internal revenue code as modified under
21sub. (3) minus the amount of recapture under s. 71.28 (1di) plus the amount of credit
22computed under s. 71.28 (1) and (3) to (5) plus the amount of the credit computed
23under s. 71.28 (1dd), (1de), (1di), (1dj), (1dL)
and, (1ds)
and (1dx) and not passed
24through by a partnership, limited liability company or tax-option corporation that
25has added that amount to the partnership's, limited liability company's or tax-option
1corporation's income under s. 71.21 (4) or 71.34 (1) (g) plus the amount of losses from
2the sale or other disposition of assets the gain from which would be wholly exempt
3income, as defined in sub. (3) (L), if the assets were sold or otherwise disposed of at
4a gain and minus deductions, as computed under the internal revenue code as
5modified under sub. (3), plus or minus, as appropriate, an amount equal to the
6difference between the federal basis and Wisconsin basis of any asset sold,
7exchanged, abandoned or otherwise disposed of in a taxable transaction during the
8taxable year, except as provided in par. (b) and s. 71.45 (2) and (5).
AB100-engrossed,1124,1210
71.26
(2) (b) (title)
Regulated investment companies, real estate mortgage
11investment conduits and, real estate investment trusts and financial asset
12securitization investment trusts.
AB100-engrossed,1126,315
71.26
(2) (b) 5. For taxable years that begin after December 31, 1989, and before
16January 1, 1991, for a corporation, conduit or common law trust which qualifies as
17a regulated investment company, real estate mortgage investment conduit or real
18estate investment trust under the internal revenue code as amended to December
1931, 1989, and as amended by P.L.
101-508, P.L.
102-227 and
, P.L.
103-66 and P.L.
20104-188, excluding section 1311 of P.L. 104-188 and as indirectly affected in the
21provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647,
22P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227 23and, P.L.
103-66 and P.L. 104-188, excluding section 1311 of P.L. 104-188, "net
24income" means the federal regulated investment company taxable income, federal
25real estate mortgage investment conduit taxable income or federal real estate
1investment trust taxable income of the corporation, conduit or trust as determined
2under the internal revenue code as amended to December 31, 1989, and as amended
3by P.L.
101-508, P.L.
102-227 and, P.L.
103-66 and P.L. 104-188, excluding section
41311 of P.L. 104-188, 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 and
, P.L.
103-66 and P.L.
7104-188, excluding section 1311 of P.L. 104-188, except that property that, under s.
871.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated for taxable years 1983
9to 1986 under the internal revenue code as amended to December 31, 1980, shall
10continue to be depreciated under the internal revenue code as amended to December
1131, 1980, and except that the appropriate amount shall be added or subtracted to
12reflect differences 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, 1989, and as amended by P.L.
101-508, P.L.
102-227 and, P.L.
103-66 16and P.L. 104-188, excluding section 1311 of P.L. 104-188, and as indirectly affected
17in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
18100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
19102-227 and, P.L.
103-66 and P.L. 104-188, excluding section 1311 of P.L. 104-188,
20applies for Wisconsin purposes at the same time as for federal purposes.
21Amendments to the internal revenue code enacted after December 31, 1989, do not
22apply to this subdivision with respect to taxable years that begin after December 31,
231989, and before January 1, 1991, except that changes to the internal revenue code
24made by P.L.
101-508, P.L.
102-227 and, P.L.
103-66 and P.L. 104-188, excluding
25section 1311 of P.L. 104-188, and changes that indirectly affect the provisions
1applicable to this subchapter made by P.L.
101-508, P.L.
102-227 and, P.L.
103-66 2and P.L. 104-188, excluding section 1311 of P.L. 104-188, apply for Wisconsin
3purposes at the same time as for federal purposes.
AB100-engrossed,1127,195
71.26
(2) (b) 6. For taxable years that begin after December 31, 1990, and before
6January 1, 1992, for a corporation, conduit or common law trust which qualifies as
7a regulated investment company, real estate mortgage investment conduit or real
8estate investment trust under the internal revenue code as amended to December
931, 1990, and as amended by P.L.
102-227, P.L.
102-486 and
, P.L.
103-66 and P.L.
10104-188, excluding section 1311 of P.L. 104-188, and as indirectly affected in the
11provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647,
12P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
13P.L.
102-486 and, P.L.
103-66 and P.L. 104-188, excluding section 1311 of P.L.
14104-188, "net income" means the federal regulated investment company taxable
15income, federal real estate mortgage investment conduit taxable income or federal
16real estate investment trust taxable income of the corporation, conduit or trust as
17determined under the internal revenue code as amended to December 31, 1990, and
18as amended by P.L.
102-227, P.L.
102-486 and, P.L.
103-66 and P.L. 104-188,
19excluding section 1311 of P.L. 104-188, and as indirectly affected in the provisions
20applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
21101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, P.L.
22102-486 and, P.L.
103-66 and P.L. 104-188, excluding section 1311 of P.L. 104-188, 23except that property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to
24be depreciated for taxable years 1983 to 1986 under the internal revenue code as
25amended to December 31, 1980, shall continue to be depreciated under the internal
1revenue code as amended to December 31, 1980, and except that the appropriate
2amount shall be added or subtracted to reflect differences between the depreciation
3or adjusted basis for federal income tax purposes and the depreciation or adjusted
4basis under this chapter of any property disposed of during the taxable year. The
5internal revenue code as amended to December 31, 1990, and as amended by P.L.
6102-227, P.L.
102-486 and, P.L.
103-66 and P.L. 104-188, excluding section 1311 of
7P.L. 104-188, and as indirectly affected in the provisions applicable to this
8subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
9P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, P.L.
102-486
and, P.L.
10103-66 and P.L. 104-188, excluding section 1311 of P.L. 104-188, applies for
11Wisconsin purposes at the same time as for federal purposes. Amendments to the
12internal revenue code enacted after December 31, 1990, do not apply to this
13subdivision with respect to taxable years that begin after December 31, 1990, and
14before January 1, 1992, except that changes to the internal revenue code made by
15P.L.
102-227, P.L.
102-486 and. P.L.
103-66 and P.L. 104-188, excluding section
161311 of P.L. 104-188, and changes that indirectly affect the provisions applicable to
17this subchapter made by P.L.
102-227, P.L.
102-486 and
, P.L.
103-66 and P.L.
18104-188, excluding section 1311 of P.L. 104-188, apply for Wisconsin purposes at the
19same time as for federal purposes.
AB100-engrossed,1129,1921
71.26
(2) (b) 7. For taxable years that begin after December 31, 1991, and before
22January 1, 1993, for a corporation, conduit or common law trust which qualifies as
23a regulated investment company, real estate mortgage investment conduit or real
24estate investment trust under the internal revenue code as amended to December
2531, 1991, excluding sections 103, 104 and 110 of P.L.
102-227, and as amended by P.L.
1102-318, P.L.
102-486 and, P.L.
103-66, excluding sections 13101 (a) and (c) 1, 13171
2and 13174 of P.L.
103-66 and P.L. 104-188, excluding section 1311 of P.L. 104-188,
3and as indirectly affected in the provisions applicable to this subchapter by P.L.
499-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
5101-239, 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 and, P.L.
103-66, excluding sections 13101 (a)
7and (c) 1, 13171 and 13174 of P.L.
103-66, and P.L. 104-188, excluding section 1311
8of P.L. 104-188, "net income" means the federal regulated investment company
9taxable income, federal real estate mortgage investment conduit taxable income or
10federal real estate investment trust taxable income of the corporation, conduit or
11trust as determined under the internal revenue code as amended to December 31,
121991, excluding sections 103, 104 and 110 of P.L.
102-227, and as amended by P.L.
13102-318, P.L.
102-486 and, P.L.
103-66, excluding sections 13101 (a) and (c) 1, 13171
14and 13174 of P.L.
103-66,
and P.L. 104-188, excluding section 1311 of P.L. 104-188, 15and as indirectly affected in the provisions applicable to this subchapter by P.L.
1699-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
17101-239, 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 and, P.L.
103-66, excluding sections 13101 (a)
19and (c) 1, 13171 and 13174 of P.L.
103-66,
and P.L. 104-188, excluding section 1311
20of P.L. 104-188, except that property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats.,
21is required to be depreciated for taxable years 1983 to 1986 under the internal
22revenue code as amended to December 31, 1980, shall continue to be depreciated
23under the internal revenue code as amended to December 31, 1980, and except that
24the appropriate amount shall be added or subtracted to reflect differences between
25the depreciation or adjusted basis for federal income tax purposes and the
1depreciation or adjusted basis under this chapter of any property disposed of during
2the taxable year. The internal revenue code as amended to December 31, 1991,
3excluding sections 103, 104 and 110 of P.L.
102-227, and as amended by P.L.
4102-318, P.L.
102-486 and, P.L.
103-66, excluding sections 13101 (a) and (c) 1, 13171
5and 13174 of P.L.
103-66,
and P.L. 104-188, excluding section 1311 of P.L. 104-188, 6and as indirectly affected in the provisions applicable to this subchapter by P.L.
799-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
8101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
9102-227, P.L.
102-318, P.L.
102-486 and, P.L.
103-66, excluding sections 13101 (a)
10and (c) 1, 13171 and 13174 of P.L.
103-66,
and P.L. 104-188, excluding section 1311
11of P.L. 104-188, applies for Wisconsin purposes at the same time as for federal
12purposes. Amendments to the internal revenue code enacted after December 31,
131991, do not apply to this subdivision with respect to taxable years that begin after
14December 31, 1991, and before January 1, 1993, except that changes to the internal
15revenue code made by P.L.
102-318, P.L.
102-486 and, P.L.
103-66 and P.L. 104-188,
16excluding section 1311 of P.L. 104-188, and changes that indirectly affect the
17provisions applicable to this subchapter made by P.L.
102-318, P.L.
102-486 and, 18P.L.
103-66 and P.L. 104-188, excluding section 1311 of P.L. 104-188, apply for
19Wisconsin purposes at the same time as for federal purposes.
AB100-engrossed,1131,2121
71.26
(2) (b) 8. For taxable years that begin after December 31, 1992, and before
22January 1, 1994, for a corporation, conduit or common law trust which qualifies as
23a regulated investment company, real estate mortgage investment conduit or real
24estate investment trust under the internal revenue code as amended to December
2531, 1992, excluding sections 103, 104 and 110 of P.L.
102-227, and as amended by P.L.
1103-66, excluding sections 13101 (a) and (c) 1., 13113, 13150, 13171, 13174 and
213203 of P.L.
103-66,
and P.L.
103-465 and P.L. 104-188, excluding section 1311 of
3P.L. 104-188, and as indirectly affected in the provisions applicable to this
4subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
5P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
6and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
713101 (a) and (c) 1, 13113, 13150, 13171, 13174 and 13203 of P.L.
103-66,
and P.L.
8103-465 and P.L. 104-188, excluding section 1311 of P.L. 104-188,"net income"
9means the federal regulated investment company taxable income, federal real estate
10mortgage investment conduit taxable income or federal real estate investment trust
11taxable income of the corporation, conduit or trust as determined under the internal
12revenue code as amended to December 31, 1992, excluding sections 103, 104 and 110
13of P.L.
102-227, and as amended by P.L.
103-66,
and P.L. 103-465 excluding sections
1413101 (a) and (c) 1, 13113, 13150, 13171, 13174 and 13203 of P.L.
103-66,
P.L.
15103-465 and P.L. 104-188, excluding section 1311 of P.L. 104-188, and as indirectly
16affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203,
17P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508,
18P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
19102-486 and, P.L.
103-66, excluding sections 13101 (a) and (c) 1., 13113, 13150,
2013171, 13174 and 13203 of P.L.
103-66,
and P.L.
103-465 and P.L. 104-188,
21excluding section 1311 of P.L. 104-188, except that property that, under s. 71.02 (1)
22(c) 8. to 11., 1985 stats., is required to be depreciated for taxable years 1983 to 1986
23under the internal revenue code as amended to December 31, 1980, shall continue
24to be depreciated under the internal revenue code as amended to December 31, 1980,
25and except that the appropriate amount shall be added or subtracted to reflect
1differences between the depreciation or adjusted basis for federal income tax
2purposes and the depreciation or adjusted basis under this chapter of any property
3disposed of during the taxable year. The internal revenue code as amended to
4December 31, 1992, excluding sections 103, 104 and 110 of P.L.
102-227, and as
5amended by P.L.
103-66, excluding sections 13101 (a) and (c) 1, 13113, 13150, 13171,
613174 and 13203 of P.L.
103-66,
and P.L.
103-465 and P.L. 104-188, excluding
7section 1311 of P.L. 104-188, and as indirectly affected in the provisions applicable
8to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
9101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections
10103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding
11sections 13101 (a) and (c) 1, 13113, 13150, 13171, 13174 and 13203 of P.L.
103-66,
12and P.L.
103-465 and P.L. 104-188, excluding section 1311 of P.L. 104-188, applies
13for Wisconsin purposes at the same time as for federal purposes. Amendments to the
14internal revenue code enacted after December 31, 1992, do not apply to this
15subdivision with respect to taxable years that begin after December 31, 1992, and
16before January 1, 1994, except that changes to the internal revenue code made by
17P.L.
103-66 and, P.L.
103-465 and P.L. 104-188, excluding section 1311 of P.L.
18104-188, and changes that indirectly affect the provisions applicable to this
19subchapter made by P.L.
103-66 and, P.L.
103-465 and P.L. 104-188, excluding
20section 1311 of P.L. 104-188, apply for Wisconsin purposes at the same time as for
21federal purposes.
AB100-engrossed,1134,723
71.26
(2) (b) 9. For taxable years that begin after December 31, 1993, and
24before January 1, 1995, for a corporation, conduit or common law trust which
25qualifies as a regulated investment company, real estate mortgage investment
1conduit or real estate investment trust under the internal revenue code as amended
2to December 31, 1993, excluding sections 103, 104 and 110 of P.L.
102-227 and
3sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d) and 13215 of P.L.
103-66, and
4as amended by P.L.
103-296, P.L.
103-337, P.L.
103-465 and
, P.L.
104-7, excluding
5section 1 of P.L. 104-7, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L.
6104-191 and P.L. 104-193 and as indirectly affected in the provisions applicable to
7this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
8101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections
9103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding
10sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d) and 13215 of P.L.
103-66, P.L.
11103-296, P.L.
103-337, P.L.
103-465 and, P.L.
104-7, excluding section 1 of P.L.
12104-7,
P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L. 104-191 and P.L.
13104-193 "net income" means the federal regulated investment company taxable
14income, federal real estate mortgage investment conduit taxable income or federal
15real estate investment trust taxable income of the corporation, conduit or trust as
16determined under the internal revenue code as amended to December 31, 1993,
17excluding sections 103, 104 and 110 of P.L.
102-227 and sections 13113, 13150 (d),
1813171 (d), 13174, 13203 (d) and 13215 of P.L.
103-66, and as amended by P.L.
19103-296, P.L.
103-337, P.L.
103-465 and P.L.
104-7, excluding section 1 of P.L.
20104-7,
P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L. 104-191 and P.L.
21104-193 and as indirectly affected in the provisions applicable to this subchapter by
22P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179,
23P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
24102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66,
P.L. 103-296, P.L. 103-337, P.L.
25103-465 excluding sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d) and 13215
1of P.L.
103-66,
and P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L.
104-7, excluding
2section 1 of P.L.
104-7,
P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L.
3104-191 and P.L. 104-193, except that property that, under s. 71.02 (1) (c) 8. to 11.,
41985 stats., is required to be depreciated for taxable years 1983 to 1986 under the
5internal revenue code as amended to December 31, 1980, shall continue to be
6depreciated under the internal revenue code as amended to December 31, 1980, and
7except that the appropriate amount shall be added or subtracted to reflect
8differences between the depreciation or adjusted basis for federal income tax
9purposes and the depreciation or adjusted basis under this chapter of any property
10disposed of during the taxable year. The internal revenue code as amended to
11December 31, 1993, excluding sections 103, 104 and 110 of P.L.
102-227 and sections
1213113, 13150 (d), 13171 (d), 13174, 13203 (d) and 13215 of P.L.
103-66, and as
13amended by P.L.
103-296, P.L.
103-337, P.L.
103-465 and
, P.L.
104-7, excluding
14section 1 of P.L.
104-7,
P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L.
15104-191 and P.L. 104-193 and as indirectly affected in the provisions applicable to
16this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
17101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections
18103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding
19sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d) and 13215 of P.L.
103-66, P.L.
20103-296, P.L.
103-337, P.L.
103-465 and, P.L.
104-7, excluding section 1 of P.L.
21104-7,
P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L. 104-191 and P.L.
22104-193 applies for Wisconsin purposes at the same time as for federal purposes.
23Amendments to the internal revenue code enacted after December 31, 1993, do not
24apply to this subdivision with respect to taxable years that begin after
25December 31, 1993, and before January 1, 1995, except that changes to the internal
1revenue code made by P.L.
103-296, P.L.
103-337, P.L.
103-465
and, P.L.
104-7,
2excluding section 1 of P.L.
104-7,
P.L. 104-188, excluding section 1311 of P.L.
3104-188, P.L. 104-191 and P.L. 104-193 and changes that indirectly affect the
4provisions applicable to this subchapter made by P.L.
103-296, P.L.
103-337, P.L.
5103-465 and, P.L.
104-7, excluding section 1 of P.L.
104-7,
P.L. 104-188, excluding
6section 1311 of P.L. 104-188, P.L.104-191 and P.L. 104-193 apply for Wisconsin
7purposes at the same time as for federal purposes.
AB100-engrossed,1136,139
71.26
(2) (b) 10. For taxable years that begin after December 31, 1994, and
10before January 1, 1996, for a corporation, conduit or common law trust which
11qualifies as a regulated investment company, real estate mortgage investment
12conduit or real estate investment trust under the internal revenue code as amended
13to December 31, 1994, excluding sections 103, 104 and 110 of P.L.
102-227 and
14sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, and as
15amended by P.L.
104-7, P.L. 104-188, excluding sections 1202, 1204, 1311 and 1605
16of P.L. 104-188, P.L. 104-191 and P.L. 104-193 and as indirectly affected in the
17provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647,
18P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
19excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
20103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
21103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465 and, P.L.
104-7, P.L. 104-188,
22excluding sections 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and P.L.
23104-193 "net income" means the federal regulated investment company taxable
24income, federal real estate mortgage investment conduit taxable income or federal
25real estate investment trust taxable income of the corporation, conduit or trust as
1determined under the internal revenue code as amended to December 31, 1994,
2excluding sections 103, 104 and 110 of P.L.
102-227 and sections 13113, 13150 (d),
313171 (d), 13174 and 13203 (d) of P.L.
103-66, and as amended by P.L.
104-7, P.L.
4104-188, excluding sections 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191
5and P.L. 104-193 and as indirectly affected in the provisions applicable to this
6subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
7P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
8and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66,
P.L. 103-296, P.L.
9103-337, P.L. 103-465 excluding sections 13113, 13150 (d), 13171 (d), 13174 and
1013203 (d) of P.L.
103-66,
and P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L.
104-7,
11P.L. 104-188, excluding sections 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L.
12104-191 and P.L. 104-193, except that property that, under s. 71.02 (1) (c) 8. to 11.,
131985 stats., is required to be depreciated for taxable years 1983 to 1986 under the
14internal revenue code as amended to December 31, 1980, shall continue to be
15depreciated under the internal revenue code as amended to December 31, 1980, and
16except that the appropriate amount shall be added or subtracted to reflect
17differences between the depreciation or adjusted basis for federal income tax
18purposes and the depreciation or adjusted basis under this chapter of any property
19disposed of during the taxable year. The internal revenue code as amended to
20December 31, 1994, excluding sections 103, 104 and 110 of P.L.
102-227 and sections
2113113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, and as amended by
22P.L.
104-7, P.L. 104-188, excluding sections 1202, 1204, 1311 and 1605 of P.L.
23104-188, P.L. 104-191 and P.L. 104-193 and as indirectly affected in the provisions
24applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
25101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
1excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
2103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
3103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465 and, P.L.
104-7, P.L. 104-188,
4excluding sections 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and P.L.
5104-193 applies for Wisconsin purposes at the same time as for federal purposes.
6Amendments to the internal revenue code enacted after December 31, 1994, do not
7apply to this subdivision with respect to taxable years that begin after
8December 31, 1994, and before January 1, 1996, except that changes made by P.L.
9104-7, P.L. 104-188, excluding sections 1202, 1204, 1311 and 1605 of P.L. 104-188,
10P.L. 104-191 and P.L. 104-193 and changes that indirectly affect the provisions
11applicable to this subchapter made by P.L.
104-7, P.L. 104-188, excluding sections
121202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and P.L. 104-193 apply for
13Wisconsin purposes at the same time as for federal purposes.
AB100-engrossed,1138,1915
71.26
(2) (b) 11. For taxable years that begin after December 31, 1995,
and
16before January 1, 1997, for a corporation, conduit or common law trust which
17qualifies as a regulated investment company, real estate mortgage investment
18conduit or real estate investment trust under the internal revenue code as amended
19to December 31, 1995, excluding sections 103, 104 and 110 of P.L.
102-227 and
20sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66,
and as
21amended by P.L. 104-188, excluding sections 1123, 1202, 1204, 1311 and 1605 of P.L.
22104-188, P.L. 104-191 and P.L. 104-193 and as indirectly affected in the provisions
23applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
24101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
25excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
1103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
2103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465 and, P.L.
104-7, P.L. 104-188,
3excluding sections 1123, 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and
4P.L. 104-193 "net income" means the federal regulated investment company taxable
5income, federal real estate mortgage investment conduit taxable income or federal
6real estate investment trust taxable income of the corporation, conduit or trust as
7determined under the internal revenue code as amended to December 31, 1995,
8excluding sections 103, 104 and 110 of P.L.
102-227 and sections 13113, 13150 (d),
913171 (d), 13174 and 13203 (d) of P.L.
103-66,
and as amended by P.L. 104-188,
10excluding sections 1123, 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and
11P.L. 104-193 and as indirectly affected in the provisions applicable to this
12subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
13P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
14and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66,
P.L. 103-296, P.L.
15103-337, P.L. 103-465 and P.L. 104-7 excluding sections 13113, 13150 (d), 13171 (d),
1613174 and 13203 (d) of P.L.
103-66,
P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L.
17104-7, P.L. 104-188, excluding sections 1123, 1202, 1204, 1311 and 1605 of P.L.
18104-188, P.L. 104-191, and P.L. 104-193, except that property that, under s. 71.02
19(1) (c) 8. to 11., 1985 stats., is required to be depreciated for taxable years 1983 to 1986
20under the internal revenue code as amended to December 31, 1980, shall continue
21to be depreciated under the internal revenue code as amended to December 31, 1980,
22and except that the appropriate amount shall be added or subtracted to reflect
23differences between the depreciation or adjusted basis for federal income tax
24purposes and the depreciation or adjusted basis under this chapter of any property
25disposed of during the taxable year. The internal revenue code as amended to
1December 31, 1995, excluding sections 103, 104 and 110 of P.L.
102-227 and sections
213113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66,
and as amended by
3P.L. 104-188, excluding sections 1123, 1202, 1204, 1311 and 1605 of P.L. 104-188,
4P.L. 104-191 and P.L. 104-193 and as indirectly affected in the provisions applicable
5to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
6101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections
7103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding
8sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, P.L.
9103-296, P.L.
103-337, P.L.
103-465 and, P.L.
104-7, P.L. 104-188, excluding
10sections 1123, 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and P.L.
11104-193 applies for Wisconsin purposes at the same time as for federal purposes.
12Amendments to the internal revenue code enacted after December 31, 1995, do not
13apply to this subdivision with respect to taxable years that begin after
14December 31, 1995
, and before January 1, 1997, except that changes to the Internal
15Revenue Code made by P.L. 104-188, excluding sections 1123, 1202, 1204, 1311 and
161605 of P.L. 104-188, P.L. 104-191 and P.L. 104-193 and changes that indirectly
17affect the provisions applicable to this subchapter made by P.L. 104-188, excluding
18sections 1123, 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and P.L.
19104-193 apply for Wisconsin purposes at the same time as for federal purposes.
AB100-engrossed,1140,1721
71.26
(2) (b) 12. For taxable years that begin after December 31, 1996, for a
22corporation, conduit or common law trust which qualifies as a regulated investment
23company, real estate mortgage investment conduit, real estate investment trust or
24financial asset securitization investment trust under the Internal Revenue Code as
25amended to December 31, 1996, excluding sections 103, 104 and 110 of P.L.
102-227,
1sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66 and sections
21123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L.
104-188, and as indirectly
3affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203,
4P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508,
5P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
6102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174 and
713203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
8104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L.
9104-188, P.L.
104-191 and P.L.
104-193 "net income" means the federal regulated
10investment company taxable income, federal real estate mortgage investment
11conduit taxable income, federal real estate investment trust or financial asset
12securitization investment trust taxable income of the corporation, conduit or trust
13as determined under the internal revenue code as amended to December 31,
1996,
14excluding sections 103, 104 and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171
15(d), 13174 and 13203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
16and 1605 (d) of P.L.
104-188, and as indirectly affected in the provisions applicable
17to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
18101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections
19103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding
20sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, P.L.
21103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections
221123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L.
104-188, P.L.
104-191 and P.L.
23104-193, except that property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is
24required to be depreciated for taxable years 1983 to 1986 under the internal revenue
25code as amended to December 31, 1980, shall continue to be depreciated under the
1Internal Revenue Code as amended to December 31, 1980, and except that the
2appropriate amount shall be added or subtracted to reflect differences between the
3depreciation or adjusted basis for federal income tax purposes and the depreciation
4or adjusted basis under this chapter of any property disposed of during the taxable
5year. The Internal Revenue Code as amended to December 31, 1996, excluding
6sections 103, 104 and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
7and 13203 (d) of P.L.
103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605
8(d) of P.L.
104-188, and as indirectly affected in the provisions applicable to this
9subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
10P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
11and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
1213113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
13103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202
14(c), 1204 (f), 1311 and 1605 (d) of P.L.
104-188, P.L.
104-191 and P.L.
104-193 applies
15for Wisconsin purposes at the same time as for federal purposes. Amendments to the
16internal revenue code enacted after December 31, 1996, do not apply to this
17subdivision with respect to taxable years that begin after December 31, 1996.
AB100-engrossed,1140,2219
71.26
(3) (n) Sections 381, 382 and 383 (relating to carry-overs in certain
20corporate acquisitions) are modified so that they apply to losses under sub. (4) and
21credits under s. 71.28 (1di), (1dL)
, (1dx) and (3) to (5) instead of to federal credits and
22federal net operating losses.
AB100-engrossed,1141,924
71.26
(3) (y) A corporation may compute amortization and depreciation under
25either the federal internal revenue code as amended to December 31,
1995 1996, or
1the federal internal revenue code in effect for the taxable year for which the return
2is filed, except that property first placed in service by the taxpayer on or after
3January 1, 1983, but before January 1, 1987, that, under s. 71.04 (15) (b) and (br),
41985 stats., is required to be depreciated under the internal revenue code as
5amended to December 31, 1980, and property first placed in service in taxable year
61981 or thereafter but before January 1, 1987, that, under s. 71.04 (15) (bm), 1985
7stats., is required to be depreciated under the internal revenue code as amended to
8December 31, 1980, shall continue to be depreciated under the internal revenue code
9as amended to December 31, 1980.
AB100-engrossed,1141,1411
71.28
(1dd) (f) No credit may be claimed under this subsection for taxable years
12that begin on January 1, 1998, or thereafter. Credits under this subsection for
13taxable years that begin before January 1, 1998, may be carried forward to taxable
14years that begin on January 1, 1998, or thereafter.
AB100-engrossed,1141,1916
71.28
(1de) (e) No credit may be claimed under this subsection for taxable years
17that begin on January 1, 1998, or thereafter. Credits under this subsection for
18taxable years that begin before January 1, 1998, may be carried forward to taxable
19years that begin on January 1, 1998, or thereafter.
AB100-engrossed,1141,2421
71.28
(1di) (j) No credit may be claimed under this subsection for taxable years
22that begin on January 1, 1998, or thereafter. Credits under this subsection for
23taxable years that begin before January 1, 1998, may be carried forward to taxable
24years that begin on January 1, 1998, or thereafter.
AB100-engrossed,1142,4
171.28
(1dj) (j) No credit may be claimed under this subsection for taxable years
2that begin on January 1, 1998, or thereafter. Credits under this subsection for
3taxable years that begin before January 1, 1998, may be carried forward to taxable
4years that begin on January 1, 1998, or thereafter.
AB100-engrossed,1142,96
71.28
(1dL) (j) No credit may be claimed under this subsection for taxable years
7that begin on January 1, 1998, or thereafter. Credits under this subsection for
8taxable years that begin before January 1, 1998, may be carried forward to taxable
9years that begin on January 1, 1998, or thereafter.
AB100-engrossed,1142,1411
71.28
(1ds) (j) No credit may be claimed under this subsection for taxable years
12that begin on January 1, 1998, or thereafter. Credits under this subsection for
13taxable years that begin before January 1, 1998, may be carried forward to taxable
14years that begin on January 1, 1998, or thereafter.
AB100-engrossed,1142,1616
71.28
(1dx) Development zones credit. (a)
Definitions. In this subsection:
AB100-engrossed,1142,1817
1. "Brownfield" means an industrial or commercial facility the expansion or
18redevelopment of which is complicated by environmental contamination.
AB100-engrossed,1142,2119
2. "Development zone" means a development zone under s. 560.70, a
20development opportunity zone under s. 560.795 or an enterprise development zone
21under s. 560.797.
AB100-engrossed,1143,222
3. "Environmental remediation" means removal or containment of
23environmental pollution, as defined in s. 299.01 (4), and restoration of soil or
24groundwater that is affected by environmental pollution, as defined in s. 299.01 (4),
25in a brownfield if that removal, containment or restoration fulfills the requirement
1under sub. (1de) (a) 1. and investigation unless the investigation determines that
2remediation is required and that remediation is not undertaken.
AB100-engrossed,1143,83
4. "Full-time job" means a regular, nonseasonal full-time position in which an
4individual, as a condition of employment, is required to work at least 2,080 hours per
5year, including paid leave and holidays, and for which the individual receives pay
6that is equal to at least 150% of the federal minimum wage and receives benefits that
7are not required by federal or state law. "Full-time job" does not include initial
8training before an employment position begins.
AB100-engrossed,1143,179
5. "Member of a targeted group" means a person under sub. (1dj) (am) 1., a
10person who resides in an empowerment zone, or an enterprise community, that the
11U.S. government designates, a person who is employed in an unsubsidized job but
12meets the eligibility requirements under s. 49.145 (2) and (3) for a Wisconsin works
13employment position, a person who is employed in a trial job, as defined in s. 49.141
14(1) (n), a person who is eligible for the Wisconsin works health plan under s. 49.153
15or a person who is eligible for child care assistance under s. 49.155; if the person has
16been certified in the manner under sub. (1dj) (am) 3. by a designated local agency,
17as defined in sub. (1dj) (am) 2.
AB100-engrossed,1143,2018
(b)
Credit. Except as provided in s. 73.03 (35) and subject to s. 560.785, for any
19taxable year for which the person is certified under s. 560.765 (3), any person may
20claim as a credit against taxes under this subchapter the following amounts:
AB100-engrossed,1143,2221
1. Fifty percent of the amount expended for environmental remediation in a
22development zone.
AB100-engrossed,1144,223
2. The amount determined by multiplying the amount determined under s.
24560.785 (1) (b) by the number of full-time jobs created in a development zone and
1filled by a member of a targeted group and by then subtracting the subsidies paid
2under s. 49.147 (3) (a) for those jobs.
AB100-engrossed,1144,63
3. The amount determined by multiplying the amount determined under s.
4560.785 (1) (c) by the number of full-time jobs created in a development zone and not
5filled by a member of a targeted group and by then subtracting the subsidies paid
6under s. 49.147 (3) (a) for those jobs.
AB100-engrossed,1144,117
4. The amount determined by multiplying the amount determined under s.
8560.785 (1) (b) by the number of full-time jobs retained, as provided in the rules
9under s. 560.785, excluding jobs for which a credit has been claimed under sub. (1dj),
10in a development zone and filled by a member of a targeted group and by then
11subtracting the subsidies paid under s. 49.147 (3) (a) for those jobs.
AB100-engrossed,1144,1612
5. The amount determined by multiplying the amount determined under s.
13560.785 (1) (c) by the number of full-time jobs retained, as provided in the rules
14under s. 560.785, excluding jobs for which a credit has been claimed under sub. (1dj),
15in a development zone and not filled by a member of a targeted group and by then
16subtracting the subsidies paid under s. 49.147 (3) (a) for those jobs.
AB100-engrossed,1144,2217
(c)
Credit precluded. If the certification of a person for tax benefits under s.
18560.765 (3) is revoked, that person may not claim credits under this subsection for
19the taxable year that includes the day on which the certification is revoked or
20succeeding taxable years and that person may not carry over unused credits from
21previous years to offset tax under this chapter for the taxable year that includes the
22day on which certification is revoked or succeeding taxable years.
AB100-engrossed,1145,223
(d)
Carry-over precluded. If a person who is certified under s. 560.765 (3) for
24tax benefits ceases business operations in the development zone during any of the
25taxable years that that zone exists, that person may not carry over to any taxable
1year following the year during which operations cease any unused credits from the
2taxable year during which operations cease or from previous taxable years.
AB100-engrossed,1145,73
(e)
Administration. Subsection (4) (e) to (h), as it applies to the credit under
4sub. (4), applies to the credit under this subsection. Subsection (1dj) (c), as it applies
5to the credit under sub. (1dj), applies to the credit under this subsection. Claimants
6shall include with their returns a copy of their certification for tax benefits and a copy
7of the department of commerce's verification of their expenses.
AB100-engrossed,1145,189
71.28
(3) (b) The tax imposed upon or measured by corporation Wisconsin net
10income under s. 71.23 (1) or (2) shall be reduced by an amount equal to the sales and
11use tax under ch. 77 paid by the corporation in such taxable year on fuel and
12electricity consumed in manufacturing tangible personal property in this state.
13Shareholders of a tax-option corporation and partners may claim the credit under
14this subsection, based on eligible sales and use taxes paid by the tax-option
15corporation or partnership, in proportion to the ownership interest of each
16shareholder or partner. The tax-option corporation or partnership shall calculate
17the amount of the credit that may be claimed by each shareholder or partner and
18shall provide that information to the shareholder or partner.
