SB316,5,26 71.01 (6) (g) For taxable years that begin after December 31, 1991, and before
7January 1, 1993, for natural persons and fiduciaries, except fiduciaries of nuclear
8decommissioning trust or reserve funds, "internal revenue code" means the federal
9internal revenue code as amended to December 31, 1991, excluding sections 103, 104
10and 110 of P.L. 102-227, and as amended by P.L. 102-318, P.L. 102-486, P.L. 103-66,
11excluding sections 13101 (a) and (c) 1, 13171 and 13174 of P.L. 103-66, and P.L.
12104-188, excluding section 1311 of P.L. 104-188, and P.L. 105-34 and as indirectly
13affected by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L.
14101-179, P.L. 101-239, P.L. 101-280, P.L. 101-508, P.L. 102-90, 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 13101 (a) and (c) 1, 13171 and 13174 of P.L. 103-66, and
17P.L. 104-188, excluding section 1311 of P.L. 104-188, and P.L. 105-34. The internal
18revenue code applies for Wisconsin purposes at the same time as for federal purposes.
19Amendments to the federal internal revenue code enacted after December 31, 1991,
20do not apply to this paragraph with respect to taxable years beginning after
21December 31, 1991, and before January 1, 1993, except that changes to the internal
22revenue code made by P.L. 102-318, P.L. 102-486, P.L. 103-66 and, P.L. 104-188,
23excluding section 1311 of P.L. 104-188, and P.L. 105-34 and changes that indirectly
24affect the provisions applicable to this subchapter made by P.L. 102-318, P.L.

1102-486, P.L. 103-66 and, P.L. 104-188, excluding section 1311 of P.L. 104-188, and
2P.L. 105-34
apply for Wisconsin purposes at the same time as for federal purposes.
SB316, s. 4 3Section 4. 71.01 (6) (h) of the statutes, as affected by 1997 Wisconsin Act ....
4(Assembly Bill 100), is amended to read:
SB316,6,25 71.01 (6) (h) For taxable years that begin after December 31, 1992, and before
6January 1, 1994, for natural persons and fiduciaries, except fiduciaries of nuclear
7decommissioning trust or reserve funds, "internal revenue code" means the federal
8internal revenue code as amended to December 31, 1992, excluding sections 103, 104
9and 110 of P.L. 102-227, and as amended by P.L. 103-66, excluding sections 13101
10(a) and (c) 1, 13113, 13150, 13171, 13174 and 13203 of P.L. 103-66, , P.L. 103-465 and,
11P.L. 104-188, excluding section 1311 of P.L. 104-188, and P.L. 105-34 and as
12indirectly affected 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. 101-280, P.L. 101-508, P.L. 102-90, P.L.
14102-227, excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L.
15102-486, P.L. 103-66, excluding sections 13101 (a) and (c) 1, 13113, 13150, 13171,
1613174 and 13203 of P.L. 103-66, and P.L. 104-188, excluding section 1311 of P.L.
17104-188, and P.L. 105-34. The internal revenue code applies for Wisconsin purposes
18at the same time as for federal purposes. Amendments to the federal internal
19revenue code enacted after December 31, 1992, do not apply to this paragraph with
20respect to taxable years beginning after December 31, 1992, and before January 1,
211994, except that changes to the internal revenue code made by P.L. 103-66, P.L.
22103-465 and, P.L. 104-188, excluding section 1311 of P.L. 104-188, and P.L. 105-34
23and changes that indirectly affect the provisions applicable to this subchapter made
24by P.L. 103-66, P.L. 103-465 and, P.L. 104-188, excluding section 1311 of P.L.

1104-188, and P.L. 105-34 apply for Wisconsin purposes at the same time as for
2federal purposes.
SB316, s. 5 3Section 5. 71.01 (6) (i) of the statutes, as affected by 1997 Wisconsin Act ....
4(Assembly Bill 100), is amended to read:
SB316,7,55 71.01 (6) (i) For taxable years that begin after December 31, 1993, and before
6January 1, 1995, for natural persons and fiduciaries, except fiduciaries of nuclear
7decommissioning trust or reserve funds, "internal revenue code" means the federal
8internal revenue code as amended to December 31, 1993, excluding sections 103, 104
9and 110 of P.L. 102-227 and sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d)
10and 13215 of P.L. 103-66 and as amended by P.L. 103-296, P.L. 103-337, P.L.
11103-465, P.L. 104-7, excluding section 1 of P.L. 104-7, P.L. 104-188, excluding
12section 1311 of P.L. 104-188, P.L. 104-191 and, P.L. 104-193 and P.L. 105-34 and as
13indirectly affected 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. 101-280, P.L. 101-508, P.L. 102-90, P.L.
15102-227, excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L.
16102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, 13203
17(d) and 13215 of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, 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 and P.L. 105-34. The internal revenue code
20applies for Wisconsin purposes at the same time as for federal purposes.
21Amendments to the federal internal revenue code enacted after December 31, 1993,
22do not apply to this paragraph with respect to taxable years beginning after
23December 31, 1993, and before January 1, 1995, except that changes to the internal
24revenue code made by P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7,
25excluding section 1 of P.L. 104-7, P.L. 104-188, excluding section 1311 of P.L.

1104-188, P.L. 104-191 and, P.L. 104-193 and P.L. 105-34 and changes that
2indirectly affect the provisions applicable to this subchapter made by P.L. 103-296,
3P.L. 103-337, P.L. 103-465, P.L. 104-7, excluding section 1 of P.L. 104-7, P.L.
4104-188, excluding section 1311 of P.L. 104-188, P.L. 104-191 and, P.L. 104-193 and
5P.L. 105-34
, apply for Wisconsin purposes at the same time as for federal purposes.
SB316, s. 6 6Section 6. 71.01 (6) (j) of the statutes, as affected by 1997 Wisconsin Act ....
7(Assembly Bill 100), is amended to read:
SB316,8,78 71.01 (6) (j) For taxable years that begin after December 31, 1994, and before
9January 1, 1996, for natural persons and fiduciaries, except fiduciaries of nuclear
10decommissioning trust or reserve funds, "internal revenue code" means the federal
11internal revenue code as amended to December 31, 1994, excluding sections 103, 104
12and 110 of P.L. 102-227 and sections 13113, 13150 (d), 13171 (d), 13174 and 13203
13(d) of P.L. 103-66, and as amended by P.L. 104-7, P.L. 104-117, P.L. 104-188,
14excluding sections 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and, P.L.
15104-193 and P.L. 105-34 and as indirectly affected by P.L. 99-514, P.L. 100-203, P.L.
16100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-280, P.L.
17101-508, P.L. 102-90, 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. 104-117, P.L. 104-188, excluding sections 1202, 1204, 1311
21and 1605 of P.L. 104-188, P.L. 104-191 and, P.L. 104-193 and P.L. 105-34. The
22internal revenue code applies for Wisconsin purposes at the same time as for federal
23purposes. Amendments to the federal internal revenue code enacted after
24December 31, 1994, do not apply to this paragraph with respect to taxable years
25beginning after December 31, 1994, and before January 1, 1996, except that

1changes to the internal revenue code made by P.L. 104-7, P.L. 104-117, P.L. 104-188,
2excluding sections 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and, P.L.
3104-193 and P.L. 105-34 and changes that indirectly affect the provisions applicable
4to this subchapter made by P.L. 104-7, P.L. 104-117, P.L. 104-188, excluding
5sections 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and, P.L. 104-193
6and P.L. 105-34 apply for Wisconsin purposes at the same time as for federal
7purposes.
SB316, s. 7 8Section 7. 71.01 (6) (k) of the statutes, as affected by 1997 Wisconsin Act ....
9(Assembly Bill 100), is amended to read:
SB316,9,910 71.01 (6) (k) For taxable years that begin after December 31, 1995, and before
11January 1, 1997, for natural persons and fiduciaries, except fiduciaries of nuclear
12decommissioning trust or reserve funds, "internal revenue code" means the federal
13internal revenue code as amended to December 31, 1995, excluding sections 103, 104
14and 110 of P.L. 102-227 and sections 13113, 13150 (d), 13171 (d), 13174 and 13203
15(d) of P.L. 103-66, and as amended by P.L. 104-117, P.L. 104-188, excluding sections
161123, 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and, P.L. 104-193, P.L.
17105-33 and P.L. 105-34
, and as indirectly affected 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. 101-280, P.L.
19101-508, P.L. 102-90, P.L. 102-227, excluding sections 103, 104 and 110 of P.L.
20102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150
21(d), 13171 (d), 13174 and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L.
22103-465, P.L. 104-7, P.L. 104-117, P.L. 104-188, excluding sections 1123, 1202,
231204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and , P.L. 104-193, P.L. 105-33
24and P.L. 105-34
. The internal revenue code applies for Wisconsin purposes at the
25same time as for federal purposes. Amendments to the federal internal revenue code

1enacted after December 31, 1995, do not apply to this paragraph with respect to
2taxable years beginning after December 31, 1995, and before January 1, 1997,
3except that changes to the internal revenue code made by P.L. 104-117, P.L. 104-188,
4excluding sections 1123, 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191
5and, P.L. 104-193, P.L. 105-33 and P.L. 105-34 and changes that indirectly affect the
6provisions applicable to this subchapter made by P.L. 104-117, P.L. 104-188,
7excluding sections 1123, 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191
8and, P.L. 104-193, P.L. 105-33 and P.L. 105-34 apply for Wisconsin purposes at the
9same time as for federal purposes.
SB316, s. 8 10Section 8. 71.01 (6) (L) of the statutes, as created by 1997 Wisconsin Act ....
11(Assembly Bill 100), is amended to read:
SB316,9,2512 71.01 (6) (L) For taxable years that begin after December 31, 1996, and before
13January 1, 1998,
for natural persons and fiduciaries, except fiduciaries of nuclear
14decommissioning trust or reserve funds, "internal revenue code" means the federal
15internal revenue code as amended to December 31, 1996, excluding sections 103, 104
16and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d)
17of P.L. 103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L.
18104-188, and as amended by P.L. 105-33 and P.L. 105-34 and as indirectly affected
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. 101-280, P.L. 101-508, P.L. 102-90, P.L. 102-227, excluding
21sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66,
22excluding sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L. 103-66,
23P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-117, P.L. 104-188,
24excluding sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L. 104-188, P.L.
25104-191 and, P.L. 104-193, P.L. 105-33 and P.L. 105-34. The internal revenue code

1applies for Wisconsin purposes at the same time as for federal purposes.
2Amendments to the federal internal revenue code enacted after December 31, 1996,
3do not apply to this paragraph with respect to taxable years beginning after
4December 31, 1996, and before January 1, 1998, except that changes to the Internal
5Revenue Code made by P.L. 105-33 and P.L. 105-34 and changes that indirectly
6affect the provisions applicable to this subchapter made by P.L. 105-33 and P.L.
7105-34 apply for Wisconsin purposes at the same time as for federal purposes
.
SB316, s. 9 8Section 9. 71.01 (6) (m) of the statutes is created to read:
SB316,10,259 71.01 (6) (m) For taxable years that begin after December 31, 1997, for natural
10persons and fiduciaries, except fiduciaries of nuclear decommissioning trust or
11reserve funds, "Internal Revenue Code" means the federal Internal Revenue Code
12as amended to December 31, 1996, excluding sections 103, 104 and 110 of P.L.
13102-227, sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L. 103-66 and
14sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L. 104-188, and as
15indirectly affected by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L.
16101-140, P.L. 101-179, P.L. 101-239, P.L. 101-280, P.L. 101-508, P.L. 102-90, P.L.
17102-227, excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L.
18102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174 and
1913203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L.
20104-117, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605
21(d) of P.L. 104-188, P.L. 104-191 and P.L. 104-193. The Internal Revenue Code
22applies for Wisconsin purposes at the same time as for federal purposes.
23Amendments to the federal Internal Revenue Code enacted after
24December 31, 1996, do not apply to this paragraph with respect to taxable years
25beginning after December 31, 1997.
SB316, s. 10
1Section 10. 71.01 (7r) of the statutes, as affected by 1997 Wisconsin Act ....
2(Assembly Bill 100), is amended to read:
SB316,11,113 71.01 (7r) Notwithstanding sub. (6), for purposes of computing amortization
4or depreciation, "internal revenue code" means either the federal internal revenue
5code as amended to December 31, 1996, for property placed in service before August
66, 1997, or as amended to August 5, 1997, for property placed in service on August
76, 1997, or thereafter
or the federal internal revenue code in effect for the taxable
8year for which the return is filed, except that property that, under s. 71.02 (2) (d) 12.,
91985 stats., is required to be depreciated for taxable year 1986 under the internal
10revenue code as amended to December 31, 1980, shall continue to be depreciated
11under the internal revenue code as amended to December 31, 1980.
SB316, s. 11 12Section 11. 71.22 (4) (e) of the statutes, as affected by 1997 Wisconsin Act ....
13(Assembly Bill 100), is amended to read:
SB316,12,814 71.22 (4) (e) Except as provided in sub. (4m) and ss. 71.26 (2) (b) and (3), 71.34
15(1g) and 71.42 (2), "internal revenue code", for taxable years that begin after
16December 31, 1989, and before January 1, 1991, means the federal internal revenue
17code as amended to December 31, 1989, and as amended by P.L. 101-508, P.L.
18102-227, P.L. 103-66 and, P.L. 104-188, excluding section 1311 of P.L. 104-188, and
19P.L. 105-34
and as indirectly affected in the provisions applicable to this subchapter
20by P.L. 99-514, P.L. 100-203, P.L. 100-647 excluding sections 803 (d) (2) (B), 805 (d)
21(2), 812 (c) (2), 821 (b) (2) and 823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of P.L.
22100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L.
23102-227, P.L. 103-66 and, P.L. 104-188, excluding section 1311 of P.L. 104-188, and
24P.L. 105-34
. The internal revenue code applies for Wisconsin purposes at the same
25time as for federal purposes. Amendments to the federal internal revenue code

1enacted after December 31, 1989, do not apply to this paragraph with respect to
2taxable years beginning after December 31, 1989, and before January 1, 1991, except
3that changes to the internal revenue code made by P.L. 101-508, P.L. 102-227, P.L.
4103-66 and, P.L. 104-188, excluding section 1311 of P.L. 104-188, and P.L. 105-34
5and changes that indirectly affect the provisions applicable to this subchapter made
6by P.L. 101-508, P.L. 102-227, P.L. 103-66 and, P.L. 104-188, excluding section 1311
7of P.L. 104-188, and P.L. 105-34 apply for Wisconsin purposes at the same time as
8for federal purposes.
SB316, s. 12 9Section 12. 71.22 (4) (f) of the statutes, as affected by 1997 Wisconsin Act ....
10(Assembly Bill 100), is amended to read:
SB316,13,511 71.22 (4) (f) Except as provided in sub. (4m) and ss. 71.26 (2) (b) and (3), 71.34
12(1g) and 71.42 (2), "internal revenue code", for taxable years that begin after
13December 31, 1990, and before January 1, 1992, means the federal internal revenue
14code as amended to December 31, 1990, and as amended by P.L. 102-227, P.L.
15102-486, P.L. 103-66 and, P.L. 104-188, excluding section 1311 of P.L. 104-188, and
16P.L. 105-34
and as indirectly affected in the provisions applicable to this subchapter
17by P.L. 99-514, P.L. 100-203, P.L. 100-647 excluding sections 803 (d) (2) (B), 805 (d)
18(2), 812 (c) (2), 821 (b) (2) and 823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of P.L.
19100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L.
20102-227, P.L. 102-486, P.L. 103-66 and, P.L. 104-188, excluding section 1311 of P.L.
21104-188, and P.L. 105-34. The internal revenue code applies for Wisconsin purposes
22at the same time as for federal purposes. Amendments to the federal internal
23revenue code enacted after December 31, 1990, do not apply to this paragraph with
24respect to taxable years beginning after December 31, 1990, and before January 1,
251992, except that changes to the internal revenue code made by P.L. 102-227, P.L.

1102-486, P.L. 103-66 and, P.L. 104-188, excluding section 1311 of P.L. 104-188, and
2P.L. 105-34
and changes that indirectly affect the provisions applicable to this
3subchapter made by P.L. 102-227, P.L. 102-486, P.L. 103-66 and, P.L. 104-188,
4excluding section 1311 of P.L. 104-188, and P.L. 105-34 apply for Wisconsin purposes
5at the same time as for federal purposes.
SB316, s. 13 6Section 13. 71.22 (4) (g) of the statutes, as affected by 1997 Wisconsin Act ....
7(Assembly Bill 100), is amended to read:
SB316,14,58 71.22 (4) (g) Except as provided in sub. (4m) and ss. 71.26 (2) (b) and (3), 71.34
9(1g) and 71.42 (2), "internal revenue code", for taxable years that begin after
10December 31, 1991, and before January 1, 1993, means the federal internal revenue
11code as amended to December 31, 1991, excluding sections 103, 104 and 110 of P.L.
12102-227, and as amended by P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding
13sections 13101 (a) and (c) 1, 13171 and 13174 of P.L. 103-66, and P.L. 104-188,
14excluding section 1311 of P.L. 104-188, and P.L. 105-34 and as indirectly affected in
15the provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203, P.L.
16100-647 excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2) and 823
17(c) (2) of P.L. 99-514 and section 1008 (g) (5) of 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 13101 (a) and (c) 1, 13171 and 13174 of P.L. 103-66, and P.L. 104-188,
21excluding section 1311 of P.L. 104-188, and P.L. 105-34. The internal revenue code
22applies for Wisconsin purposes at the same time as for federal purposes.
23Amendments to the federal internal revenue code enacted after December 31, 1991,
24do not apply to this paragraph with respect to taxable years beginning after
25December 31, 1991, and before January 1, 1993, except that changes to the internal

1revenue code made by P.L. 102-318, P.L. 102-486, P.L. 103-66 and, P.L. 104-188,
2excluding section 1311 of P.L. 104-188, and P.L. 105-34 and changes that indirectly
3affect the provisions applicable to this subchapter made by P.L. 102-318, P.L.
4102-486, P.L. 103-66 and, P.L. 104-188, excluding section 1311 of P.L. 104-188, and
5P.L. 105-34
apply for Wisconsin purposes at the same time as for federal purposes.
SB316, s. 14 6Section 14. 71.22 (4) (h) of the statutes, as affected by 1997 Wisconsin Act ....
7(Assembly Bill 100), is amended to read:
SB316,15,58 71.22 (4) (h) Except as provided in sub. (4m) and ss. 71.26 (2) (b) and (3), 71.34
9(1g) and 71.42 (2), "internal revenue code", for taxable years that begin after
10December 31, 1992, and before January 1, 1994, means the federal internal revenue
11code as amended to December 31, 1992, excluding sections 103, 104 and 110 of P.L.
12102-227, and as amended by P.L. 103-66, excluding sections 13101 (a) and (c) 1,
1313113, 13150, 13171, 13174 and 13203 of P.L. 103-66, P.L. 103-465, and P.L.
14104-188, excluding section 1311 of P.L. 104-188, and P.L. 105-34 and as indirectly
15affected in the provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203,
16P.L. 100-647 excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2) and
17823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of 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 13101 (a) and (c) 1, 13113, 13150, 13171, 13174 and 13203 of P.L. 103-66,
21P.L. 103-465 and, P.L. 104-188, excluding section 1311 of P.L. 104-188, and P.L.
22105-34
. The internal revenue code applies for Wisconsin purposes at the same time
23as for federal purposes. Amendments to the federal internal revenue code enacted
24after December 31, 1992, do not apply to this paragraph with respect to taxable years
25beginning after December 31, 1992, and before January 1, 1994, except that changes

1to the internal revenue code made by P.L. 103-66, P.L. 103-465 and, P.L. 104-188,
2excluding section 1311 of P.L. 104-188, and changes that indirectly affect the
3provisions applicable to this subchapter made by P.L. 103-66, P.L. 103-465 and P.L.
4104-188, excluding section 1311 of P.L. 104-188, and P.L. 105-34 apply for Wisconsin
5purposes at the same time as for federal purposes.
SB316, s. 15 6Section 15. 71.22 (4) (i) of the statutes, as affected by 1997 Wisconsin Act ....
7(Assembly Bill 100), is amended to read:
SB316,16,108 71.22 (4) (i) Except as provided in sub. (4m) and ss. 71.26 (2) (b) and (3), 71.34
9(1g) and 71.42 (2), "internal revenue code", for taxable years that begin after
10December 31, 1993, and before January 1, 1995, means the federal internal revenue
11code as amended to December 31, 1993, excluding sections 103, 104 and 110 of P.L.
12102-227 and sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d) and 13215 of P.L.
13103-66, and as amended by P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7,
14excluding section 1 of P.L. 104-7, P.L. 104-188, excluding section 1311 of P.L.
15104-188, P.L. 104-191, P.L. 104-193 and P.L. 105-34 and as indirectly affected in the
16provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647
17excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2) and 823 (c) (2) of
18P.L. 99-514 and section 1008 (g) (5) of P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L.
19101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections 103, 104 and
20110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections
2113113, 13150 (d), 13171 (d), 13174, 13203 (d) and 13215 of P.L. 103-66, P.L. 103-296,
22P.L. 103-337, P.L. 103-465, P.L. 104-7, excluding section 1 of P.L. 104-7, P.L.
23104-188, excluding section 1311 of P.L. 104-188, P.L. 104-191 and, P.L. 104-193 and
24P.L. 105-34
. The internal revenue code applies for Wisconsin purposes at the same
25time as for federal purposes. Amendments to the federal internal revenue code

1enacted after December 31, 1993, do not apply to this paragraph with respect to
2taxable years beginning after December 31, 1993, and before January 1, 1995,
3except that changes to the internal revenue code made by P.L. 103-296, P.L. 103-337,
4P.L. 103-465, P.L. 104-7, excluding section 1 of P.L. 104-7, P.L. 104-188, excluding
5section 1311 of P.L. 104-188, P.L. 104-191 and, P.L. 104-193 and P.L. 105-34 and
6changes that indirectly affect the provisions applicable to this subchapter made by
7P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, excluding section 1 of P.L.
8104-7, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L. 104-191 and, P.L.
9104-193 and P.L. 105-34 apply for Wisconsin purposes at the same time as for federal
10purposes.
SB316, s. 16 11Section 16. 71.22 (4) (j) of the statutes, as affected by 1997 Wisconsin Act ....
12(Assembly Bill 100), is amended to read:
SB316,17,1313 71.22 (4) (j) Except as provided in sub. (4m) and ss. 71.26 (2) (b) and (3), 71.34
14(1g) and 71.42 (2), "internal revenue code", for taxable years that begin after
15December 31, 1994, and before January 1, 1996, means the federal internal revenue
16code as amended to December 31, 1994, excluding sections 103, 104 and 110 of P.L.
17102-227 and sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L. 103-66,
18and as amended by P.L. 104-7, P.L. 104-188, excluding sections 1202, 1204, 1311 and
191605 of P.L. 104-188, P.L. 104-191 and, P.L. 104-193 and P.L. 105-34 and as
20indirectly affected in the provisions applicable to this subchapter by P.L. 99-514, P.L.
21100-203, P.L. 100-647 excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821
22(b) (2) and 823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of P.L. 100-647, P.L.
23101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227,
24excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L.
25103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.

1103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188,
2excluding sections 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and, P.L.
3104-193 and P.L. 105-34. The internal revenue code applies for Wisconsin purposes
4at the same time as for federal purposes. Amendments to the federal internal
5revenue code enacted after December 31, 1994, do not apply to this paragraph with
6respect to taxable years beginning after December 31, 1994, and before
7January 1, 1996, except that changes to the internal revenue code made by P.L.
8104-7, P.L. 104-188, excluding sections 1202, 1204, 1311 and 1605 of P.L. 104-188,
9P.L. 104-191 and, P.L. 104-193 and P.L. 105-34 and changes that indirectly affect
10the provisions applicable to this subchapter made by P.L. 104-7, P.L. 104-188,
11excluding sections 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and, P.L.
12104-193 and P.L. 105-34 apply for Wisconsin purposes at the same time as for federal
13purposes.
SB316, s. 17 14Section 17. 71.22 (4) (k) of the statutes, as affected by 1997 Wisconsin Act ....
15(Assembly Bill 100), is amended to read:
SB316,18,1616 71.22 (4) (k) 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, 1995, and before January 1, 1997, means the federal internal revenue
19code as amended to December 31, 1995, excluding sections 103, 104 and 110 of P.L.
20102-227 and sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L. 103-66,
21and as amended by P.L. 104-188, excluding sections 1123, 1202, 1204, 1311 and 1605
22of P.L. 104-188, P.L. 104-191 and, P.L. 104-193, P.L. 105-33 and P.L. 105-34 and as
23indirectly affected in the provisions applicable to this subchapter by P.L. 99-514, P.L.
24100-203, P.L. 100-647 excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821
25(b) (2) and 823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of P.L. 100-647, P.L.

1101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227,
2excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L.
3103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
4103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188,
5excluding sections 1123, 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191
6and, P.L. 104-193, P.L. 105-33 and P.L. 105-34. The internal revenue code applies
7for Wisconsin purposes at the same time as for federal purposes. Amendments to the
8federal internal revenue code enacted after December 31, 1995, do not apply to this
9paragraph with respect to taxable years beginning after December 31, 1995, and
10before January 1, 1997, except that changes to the Internal Revenue Code made by
11P.L. 104-188, excluding sections 1123, 1202, 1204, 1311 and 1605 of P.L. 104-188,
12P.L. 104-191 and, P.L. 104-193, P.L. 105-33 and P.L. 105-34, and changes that
13indirectly affect the provisions applicable to this subchapter made by P.L. 104-188,
14excluding sections 1123, 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191
15and, P.L. 104-193, P.L. 105-33 and P.L. 105-34 apply for Wisconsin purposes at the
16same time as for federal purposes.
SB316, s. 18 17Section 18. 71.22 (4) (L) of the statutes, as created by 1997 Wisconsin Act ....
18(Assembly Bill 100), is amended to read:
SB316,19,1619 71.22 (4) (L) Except as provided in sub. (4m) and ss. 71.26 (2) (b) and (3), 71.34
20(1g) and 71.42 (2), "internal revenue code", for taxable years that begin after
21December 31, 1996, and before January 1, 1998, means the federal internal revenue
22code as amended to December 31, 1996, excluding sections 103, 104 and 110 of P.L.
23102-227, sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L. 103-66 and
24sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L. 104-188, and as
25amended by P.L. 105-33 and P.L. 105-34
and as indirectly affected in the provisions

1applicable to this subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647 excluding
2sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2) and 823 (c) (2) of P.L. 99-514
3and section 1008 (g) (5) of P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L.
4101-239, P.L. 101-508, P.L. 102-227, excluding sections 103, 104 and 110 of P.L.
5102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150
6(d), 13171 (d), 13174 and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L.
7103-465, P.L. 104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
81311 and 1605 (d) of P.L. 104-188, P.L. 104-191 and, P.L. 104-193, P.L. 105-33 and
9P.L. 105-34
. The internal revenue code applies for Wisconsin purposes at the same
10time as for federal purposes. Amendments to the federal internal revenue code
11enacted after December 31, 1996, do not apply to this paragraph with respect to
12taxable years beginning after December 31, 1996, and before January 1, 1998,
13except that changes to the internal revenue code made by P.L. 105-33 and P.L.
14105-34 and changes that indirectly affect the provisions applicable to this
15subchapter made by P.L. 105-33 and P.L. 105-34 apply for Wisconsin purposes at the
16same time as for federal purposes
.
SB316, s. 19 17Section 19. 71.22 (4) (m) of the statutes is created to read:
SB316,20,1018 71.22 (4) (m) 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, 1997, 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, 1997.
SB316, s. 20 11Section 20. 71.22 (4m) (c) of the statutes, as affected by 1997 Wisconsin Act
12.... (Assembly Bill 100), is amended to read:
SB316,21,513 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, P.L. 103-66 and, P.L. 104-188, excluding section 1311 of P.L. 104-188,
18and P.L. 105-34 and as indirectly affected in the provisions applicable to this
19subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140,
20P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, P.L. 103-66 and, P.L.
21104-188, excluding section 1311 of P.L. 104-188, and P.L. 105-34. The internal
22revenue code applies for Wisconsin purposes at the same time as for federal purposes.
23Amendments to the internal revenue code enacted after December 31, 1989, do not
24apply to this paragraph with respect to taxable years beginning after December 31,
251989, and before January 1, 1991, except that changes to the internal revenue code

1made by P.L. 101-508, P.L. 102-227, P.L. 103-66 and , P.L. 104-188, excluding
2section 1311 of P.L. 104-188, and P.L. 105-34 and changes that indirectly affect the
3provisions applicable to this subchapter made by P.L. 101-508, P.L. 102-227, P.L.
4103-66 and, P.L. 104-188, excluding section 1311 of P.L. 104-188, and P.L. 105-34
5apply for Wisconsin purposes at the same time as for federal purposes.
SB316, s. 21 6Section 21. 71.22 (4m) (d) of the statutes, as affected by 1997 Wisconsin Act
7.... (Assembly Bill 100), is amended to read:
SB316,21,258 71.22 (4m) (d) For taxable years that begin after December 31, 1990, and before
9January 1, 1992, "internal revenue code", for corporations that are subject to a tax
10on unrelated business income under s. 71.26 (1) (a), means the federal internal
11revenue code as amended to December 31, 1990, and as amended by P.L. 102-227,
12P.L. 102-486, P.L. 103-66 and, P.L. 104-188, excluding section 1311 of P.L. 104-188,
13and P.L. 105-34 and as indirectly affected in the provisions applicable to this
14subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140,
15P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, P.L. 102-486, P.L. 103-66
16and, P.L. 104-188, excluding section 1311 of P.L. 104-188, and P.L. 105-34. The
17internal revenue code applies for Wisconsin purposes at the same time as for federal
18purposes. Amendments to the internal revenue code enacted after December 31,
191990, do not apply to this paragraph with respect to taxable years beginning after
20December 31, 1990, and before January 1, 1992, except that changes to the internal
21revenue code made by P.L. 102-227, P.L. 102-486, P.L. 103-66 and, P.L. 104-188,
22excluding section 1311 of P.L. 104-188, and P.L. 105-34 and changes that indirectly
23affect the provisions applicable to this subchapter made by P.L. 102-227, P.L.
24102-486, P.L. 103-66 and, P.L. 104-188, excluding section 1311 of P.L. 104-188, and
25P.L. 105-34
apply for Wisconsin purposes at the same time as for federal purposes.
SB316, s. 22
1Section 22. 71.22 (4m) (e) of the statutes, as affected by 1997 Wisconsin Act
2.... (Assembly Bill 100), is amended to read:
SB316,22,233 71.22 (4m) (e) For taxable years that begin after December 31, 1991, and before
4January 1, 1993, "internal revenue code", for corporations that are subject to a tax
5on unrelated business income under s. 71.26 (1) (a), means the federal internal
6revenue code as amended to December 31, 1991, excluding sections 103, 104 and 110
7of P.L. 102-227, and as amended by P.L. 102-318, P.L. 102-486, P.L. 103-66,
8excluding sections 13101 (a) and (c) 1, 13171 and 13174 of P.L. 103-66, and P.L.
9104-188, excluding section 1311 of P.L. 104-188, and P.L. 105-34, and as indirectly
10affected in the provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203,
11P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508,
12P.L. 102-227, excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L.
13102-486, P.L. 103-66, excluding sections 13101 (a) and (c) 1, 13171 and 13174 of P.L.
14103-66, and P.L. 104-188, excluding section 1311 of P.L. 104-188, and P.L. 105-34.
15The internal revenue code applies for Wisconsin purposes at the same time as for
16federal purposes. Amendments to the internal revenue code enacted after December
1731, 1991, do not apply to this paragraph with respect to taxable years beginning after
18December 31, 1991, and before January 1, 1993, except that changes to the internal
19revenue code made by P.L. 102-318, P.L. 102-486, P.L. 103-66 and, P.L. 104-188,
20excluding section 1311 of P.L. 104-188, and P.L. 105-34 and changes that indirectly
21affect the provisions applicable to this subchapter made by P.L. 102-318, P.L.
22102-486, P.L. 103-66 and, P.L. 104-188, excluding section 1311 of P.L. 104-188, and
23P.L. 105-34
apply for Wisconsin purposes at the same time as for federal purposes.
SB316, s. 23 24Section 23. 71.22 (4m) (f) of the statutes, as affected by 1997 Wisconsin Act
25.... (Assembly Bill 100), is amended to read:
SB316,23,22
171.22 (4m) (f) For taxable years that begin after December 31, 1992, and before
2January 1, 1994, "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, 1992, excluding sections 103, 104 and 110
5of P.L. 102-227, and as amended by P.L. 103-66, excluding sections 13101 (a) and (c)
61, 13113, 13150, 13171, 13174 and 13203 of P.L. 103-66, P.L. 103-465, and P.L.
7104-188, excluding section 1311 of P.L. 104-188, and P.L. 105-34 and as indirectly
8affected in the provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203,
9P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508,
10P.L. 102-227, excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L.
11102-486, P.L. 103-66, excluding sections 13101 (a) and (c) 1, 13113, 13150, 13171,
1213174 and 13203 of P.L. 103-66, P.L. 103-465 and, P.L. 104-188, excluding section
131311 of P.L. 104-188, and P.L. 105-34. The internal revenue code applies for
14Wisconsin purposes at the same time as for federal purposes. Amendments to the
15internal revenue code enacted after December 31, 1992, do not apply to this
16paragraph with respect to taxable years beginning after December 31, 1992, and
17before January 1, 1994, except that changes to the internal revenue code made by
18P.L. 103-66, P.L. 103-465 and, P.L. 104-188, excluding section 1311 of P.L. 104-188,
19and P.L. 105-34 and changes that indirectly affect the provisions applicable to this
20subchapter made by P.L. 103-66, P.L. 103-465 and, P.L. 104-188, excluding section
211311 of P.L. 104-188, and P.L. 105-34 apply for Wisconsin purposes at the same time
22as for federal purposes.
SB316, s. 24 23Section 24. 71.22 (4m) (g) of the statutes, as affected by 1997 Wisconsin Act
24.... (Assembly Bill 100), is amended to read:
SB316,25,2
171.22 (4m) (g) For taxable years that begin after December 31, 1993, and
2before January 1, 1995, "internal revenue code", for corporations that are subject to
3a tax on unrelated business income under s. 71.26 (1) (a), means the federal internal
4revenue code as amended to December 31, 1993, excluding sections 103, 104 and 110
5of P.L. 102-227 and sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d) and 13215
6of P.L. 103-66, and as amended by P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L.
7104-7, excluding section 1 of P.L. 104-7, P.L. 104-188, excluding section 1311 of P.L.
8104-188, P.L. 104-191 and, P.L. 104-193 and P.L. 105-34 and as indirectly affected
9in the provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203, P.L.
10100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L.
11102-227, excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L.
12102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, 13203
13(d) and 13215 of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7,
14excluding section 1 of P.L. 104-7, P.L. 104-188, excluding section 1311 of P.L.
15104-188, P.L. 104-191 and, P.L. 104-193 and P.L. 105-34. The internal revenue code
16applies for Wisconsin purposes at the same time as for federal purposes.
17Amendments to the internal revenue code enacted after December 31, 1993, do not
18apply to this paragraph with respect to taxable years beginning after
19December 31, 1993, and before January 1, 1995, except that changes to the internal
20revenue code made by P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7,
21excluding 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 P.L. 105-34 and changes that
23indirectly affect the provisions applicable to this subchapter made by P.L. 103-296,
24P.L. 103-337, P.L. 103-465, P.L. 104-7, excluding section 1 of P.L. 104-7, P.L.

1104-188, excluding section 1311 of P.L. 104-188, P.L. 104-191 and, P.L. 104-193 and
2P.L. 105-34
apply for Wisconsin purposes at the same time as for federal purposes.
SB316, s. 25 3Section 25. 71.22 (4m) (h) of the statutes, as affected by 1997 Wisconsin Act
4.... (Assembly Bill 100), is amended to read:
SB316,26,35 71.22 (4m) (h) For taxable years that begin after December 31, 1994, and
6before January 1, 1996, "internal revenue code", for corporations that are subject to
7a tax on unrelated business income under s. 71.26 (1) (a), means the federal internal
8revenue code as amended to December 31, 1994, excluding sections 103, 104 and 110
9of P.L. 102-227 and sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
10103-66, and as amended by P.L. 104-7, P.L. 104-188, excluding sections 1202, 1204,
111311 and 1605 of P.L. 104-188, P.L. 104-191 and, P.L. 104-193 and P.L. 105-34 and
12as indirectly affected in the provisions applicable to this subchapter by P.L. 99-514,
13P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239,
14P.L. 101-508, P.L. 102-227, excluding sections 103, 104 and 110 of P.L. 102-227, P.L.
15102-318, P.L. 102-486, P.L. 103-66, 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 1202, 1204, 1311 and 1605 of P.L. 104-188,
18P.L. 104-191 and, P.L. 104-193 and P.L. 105-34. The internal revenue code applies
19for Wisconsin purposes at the same time as for federal purposes. Amendments to the
20internal revenue code enacted after December 31, 1994, do not apply to this
21paragraph with respect to taxable years beginning after December 31, 1994, and
22before January 1, 1996, except that changes to the internal revenue code made by
23P.L. 104-7, P.L. 104-188, excluding sections 1202, 1204, 1311 and 1605 of P.L.
24104-188, P.L. 104-191 and, P.L. 104-193 and P.L. 105-34, and changes that
25indirectly affect the provisions applicable to this subchapter made by P.L. 104-7.,

1P.L. 104-188, excluding sections 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L.
2104-191 and, P.L. 104-193 and P.L. 105-34 apply for Wisconsin purposes at the same
3time as for federal purposes.
SB316, s. 26 4Section 26. 71.22 (4m) (i) of the statutes, as affected by 1997 Wisconsin Act
5.... (Assembly Bill 100), is amended to read:
SB316,27,46 71.22 (4m) (i) For taxable years that begin after December 31, 1995, and before
7January 1, 1997, "internal revenue code", for corporations that are subject to a tax
8on unrelated business income under s. 71.26 (1) (a), means the federal internal
9revenue code as amended to December 31, 1995, excluding sections 103, 104 and 110
10of P.L. 102-227 and sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
11103-66, and as amended by P.L. 104-188, excluding sections 1123, 1202, 1204, 1311
12and 1605 of P.L. 104-188, P.L. 104-191 and, P.L. 104-193, P.L. 105-33 and P.L.
13105-34
and as indirectly affected in the provisions applicable to this subchapter by
14P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179,
15P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections 103, 104 and 110 of P.L.
16102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150
17(d), 13171 (d), 13174 and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L.
18103-465, P.L. 104-7, P.L. 104-188, excluding sections 1123, 1202, 1204, 1311 and
191605 of P.L. 104-188, P.L. 104-191 and, P.L. 104-193, PL. 105-33 and P.L. 105-34.
20The internal revenue code applies for Wisconsin purposes at the same time as for
21federal purposes. Amendments to the internal revenue code enacted after
22December 31, 1995, do not apply to this paragraph with respect to taxable years
23beginning after December 31, 1995, and before January 1, 1997 , except that changes
24to the Internal Revenue Code made by P.L. 104-188, excluding sections 1123, 1202,
251204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and , P.L. 104-193, P.L. 105-33

1and P.L. 105-34
and changes that indirectly affect the provisions applicable to this
2subchapter made by P.L. 104-188, excluding sections 1123, 1202, 1204, 1311 and
31605 of P.L. 104-188, P.L. 104-191 and, P.L. 104-193, P.L. 105-33 and P.L. 105-34
4apply for Wisconsin purposes at the same time as for federal purposes.
SB316, s. 27 5Section 27. 71.22 (4m) (j) of the statutes, as created by 1997 Wisconsin Act ....
6(Assembly Bill 100), is amended to read:
SB316,28,27 71.22 (4m) (j) For taxable years that begin after December 31, 1996, and before
8January 1, 1998,
"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, 1996, excluding sections 103, 104 and
11110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
12103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L. 104-188
13and as amended by P.L. 105-33 and P.L. 105-34 and as indirectly affected in the
14provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647,
15P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227,
16excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L.
17103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
18103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188,
19excluding sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L. 104-188, P.L.
20104-191 and, P.L. 104-193, P.L. 105-33 and P.L. 105-34. The Internal Revenue Code
21applies for Wisconsin purposes at the same time as for federal purposes.
22Amendments to the Internal Revenue Code enacted after December 31, 1996, do not
23apply to this paragraph with respect to taxable years beginning after
24December 31, 1996, and before January 1, 1998, except that changes to the Internal
25Revenue Code made by P.L. 105-33 and P.L. 105-34 and changes that indirectly

1affect provisions applicable to this subchapter made by P.L. 105-33 and P.L. 105-34
2apply for Wisconsin purposes at the same time as for federal purposes
.
SB316, s. 28 3Section 28. 71.22 (4m) (k) of the statutes is created to read:
SB316,28,194 71.22 (4m) (k) For taxable years that begin after December 31, 1997, "Internal
5Revenue Code", for corporations that are subject to a tax on unrelated business
6income under s. 71.26 (1) (a), means the federal Internal Revenue Code as amended
7to December 31, 1996, 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 indirectly affected in
10the provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203, P.L.
11100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L.
12102-227, excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L.
13102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174 and
1413203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L.
15104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L.
16104-188, P.L. 104-191 and P.L. 104-193. The Internal Revenue Code applies for
17Wisconsin purposes at the same time as for federal purposes. Amendments to the
18Internal Revenue Code enacted after December 31, 1996, do not apply to this
19paragraph with respect to taxable years beginning after December 31, 1997.
SB316, s. 29 20Section 29. 71.26 (2) (b) 5. of the statutes, as affected by 1997 Wisconsin Act
21.... (Assembly Bill 100), is amended to read:
SB316,30,1122 71.26 (2) (b) 5. For taxable years that begin after December 31, 1989, and before
23January 1, 1991, for a corporation, conduit or common law trust which qualifies as
24a regulated investment company, real estate mortgage investment conduit or real
25estate investment trust under the internal revenue code as amended to December

131, 1989, and as amended by P.L. 101-508, P.L. 102-227, P.L. 103-66 and, P.L.
2104-188, excluding section 1311 of P.L. 104-188, and P.L. 105-34 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, P.L. 103-66 and, P.L. 104-188, excluding section 1311 of P.L. 104-188,
6and P.L. 105-34 "net income" means the federal regulated investment company
7taxable income, federal real estate mortgage investment conduit taxable income or
8federal real estate investment trust taxable income of the corporation, conduit or
9trust as determined under the internal revenue code as amended to December 31,
101989, and as amended by P.L. 101-508, P.L. 102-227, P.L. 103-66 and, P.L. 104-188,
11excluding section 1311 of P.L. 104-188, and P.L. 105-34 and as indirectly affected in
12the provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203, P.L.
13100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L.
14102-227, P.L. 103-66 and, P.L. 104-188, excluding section 1311 of P.L. 104-188, and
15P.L. 105-34
except that property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is
16required to be depreciated for taxable years 1983 to 1986 under the internal revenue
17code as amended to December 31, 1980, shall continue to be depreciated under the
18internal revenue code as amended to December 31, 1980, and except that the
19appropriate amount shall be added or subtracted to reflect differences between the
20depreciation or adjusted basis for federal income tax purposes and the depreciation
21or adjusted basis under this chapter of any property disposed of during the taxable
22year. The internal revenue code as amended to December 31, 1989, and as amended
23by P.L. 101-508, P.L. 102-227, P.L. 103-66 and, P.L. 104-188, excluding section 1311
24of P.L. 104-188, and P.L. 105-34 and as indirectly affected in the provisions
25applicable to this subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L.

1101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, P.L.
2103-66 and, P.L. 104-188, excluding section 1311 of P.L. 104-188, and P.L. 105-34
3applies for Wisconsin purposes at the same time as for federal purposes.
4Amendments to the internal revenue code enacted after December 31, 1989, do not
5apply to this subdivision with respect to taxable years that begin after December 31,
61989, and before January 1, 1991, except that changes to the internal revenue code
7made by P.L. 101-508, P.L. 102-227, P.L. 103-66 and, P.L. 104-188, excluding
8section 1311 of P.L. 104-188, and P.L. 105-34 and changes that indirectly affect the
9provisions applicable to this subchapter made by P.L. 101-508, P.L. 102-227, P.L.
10103-66 and, P.L. 104-188, excluding section 1311 of P.L. 104-188, and P.L. 105-34
11apply for Wisconsin purposes at the same time as for federal purposes.
SB316, s. 30 12Section 30. 71.26 (2) (b) 6. of the statutes, as affected by 1997 Wisconsin Act
13.... (Assembly Bill 100), is amended to read:
SB316,32,414 71.26 (2) (b) 6. For taxable years that begin after December 31, 1990, and before
15January 1, 1992, for a corporation, conduit or common law trust which qualifies as
16a regulated investment company, real estate mortgage investment conduit or real
17estate investment trust under the internal revenue code as amended to December
1831, 1990, and as amended by P.L. 102-227, P.L. 102-486, P.L. 103-66 and, P.L.
19104-188, excluding section 1311 of P.L. 104-188, and P.L. 105-34 and as indirectly
20affected in the provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203,
21P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508,
22P.L. 102-227, P.L. 102-486, P.L. 103-66 and, P.L. 104-188, excluding section 1311
23of P.L. 104-188, and P.L. 105-34 "net income" means the federal regulated
24investment company taxable income, federal real estate mortgage investment
25conduit taxable income or federal real estate investment trust taxable income of the

1corporation, conduit or trust as determined under the internal revenue code as
2amended to December 31, 1990, and as amended by P.L. 102-227, P.L. 102-486, P.L.
3103-66 and, P.L. 104-188, excluding section 1311 of P.L. 104-188, and P.L. 105-34
4and as indirectly affected in the provisions applicable to this subchapter by P.L.
599-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L.
6101-239, P.L. 101-508, P.L. 102-227, P.L. 102-486, P.L. 103-66 and, P.L. 104-188,
7excluding section 1311 of P.L. 104-188, and P.L. 105-34 except that property that,
8under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated for taxable
9years 1983 to 1986 under the internal revenue code as amended to December 31,
101980, shall continue to be depreciated under the internal revenue code as amended
11to December 31, 1980, and except that the appropriate amount shall be added or
12subtracted to reflect differences between the depreciation or adjusted basis for
13federal income tax purposes and the depreciation or adjusted basis under this
14chapter of any property disposed of during the taxable year. The internal revenue
15code as amended to December 31, 1990, and as amended by P.L. 102-227, P.L.
16102-486, P.L. 103-66 and, P.L. 104-188, excluding section 1311 of P.L. 104-188, and
17P.L. 105-34
and as indirectly affected in the provisions applicable to this subchapter
18by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179,
19P.L. 101-239, P.L. 101-508, P.L. 102-227, P.L. 102-486, P.L. 103-66 and, P.L.
20104-188, excluding section 1311 of P.L. 104-188, and P.L. 105-34 applies for
21Wisconsin purposes at the same time as for federal purposes. Amendments to the
22internal revenue code enacted after December 31, 1990, do not apply to this
23subdivision with respect to taxable years that begin after December 31, 1990, and
24before January 1, 1992, except that changes to the internal revenue code made by
25P.L. 102-227, P.L. 102-486, P.L. 103-66 and, P.L. 104-188, excluding section 1311

1of P.L. 104-188, and P.L. 105-34 and changes that indirectly affect the provisions
2applicable to this subchapter made by P.L. 102-227, P.L. 102-486, P.L. 103-66 and,
3P.L. 104-188, excluding section 1311 of P.L. 104-188, and P.L. 105-34 apply for
4Wisconsin purposes at the same time as for federal purposes.
SB316, s. 31 5Section 31. 71.26 (2) (b) 7. of the statutes, as affected by 1997 Wisconsin Act
6.... (Assembly Bill 100), is amended to read:
SB316,34,67 71.26 (2) (b) 7. For taxable years that begin after December 31, 1991, and before
8January 1, 1993, for a corporation, conduit or common law trust which qualifies as
9a regulated investment company, real estate mortgage investment conduit or real
10estate investment trust under the internal revenue code as amended to December
1131, 1991, excluding sections 103, 104 and 110 of P.L. 102-227, and as amended by P.L.
12102-318, P.L. 102-486, P.L. 103-66, excluding sections 13101 (a) and (c) 1, 13171 and
1313174 of P.L. 103-66 and, P.L. 104-188, excluding section 1311 of P.L. 104-188, and
14P.L. 105-34
and as indirectly affected in the provisions applicable to this subchapter
15by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179,
16P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections 103, 104 and 110 of P.L.
17102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections 13101 (a) and
18(c) 1, 13171 and 13174 of P.L. 103-66, and P.L. 104-188, excluding section 1311 of P.L.
19104-188, and P.L. 105-34 "net income" means the federal regulated investment
20company taxable income, federal real estate mortgage investment conduit taxable
21income or federal real estate investment trust taxable income of the corporation,
22conduit or trust as determined under the internal revenue code as amended to
23December 31, 1991, excluding sections 103, 104 and 110 of P.L. 102-227, and as
24amended by P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections 13101 (a)
25and (c) 1, 13171 and 13174 of P.L. 103-66, and P.L. 104-188, excluding section 1311

1of P.L. 104-188, and P.L. 105-34 and as indirectly affected in the provisions
2applicable to this subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L.
3101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227,
4excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L.
5103-66, excluding sections 13101 (a) and (c) 1, 13171 and 13174 of P.L. 103-66, and
6P.L. 104-188, excluding section 1311 of P.L. 104-188, and P.L. 105-34 except that
7property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated
8for taxable years 1983 to 1986 under the internal revenue code as amended to
9December 31, 1980, shall continue to be depreciated under the internal revenue code
10as amended to December 31, 1980, and except that the appropriate amount shall be
11added or subtracted to reflect differences between the depreciation or adjusted basis
12for federal income tax purposes and the depreciation or adjusted basis under this
13chapter of any property disposed of during the taxable year. The internal revenue
14code as amended to December 31, 1991, excluding sections 103, 104 and 110 of P.L.
15102-227, and as amended by P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding
16sections 13101 (a) and (c) 1, 13171 and 13174 of P.L. 103-66, and P.L. 104-188,
17excluding section 1311 of P.L. 104-188, and P.L. 105-34 and as indirectly affected in
18the provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203, P.L.
19100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L.
20102-227, excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L.
21102-486, P.L. 103-66, excluding sections 13101 (a) and (c) 1, 13171 and 13174 of P.L.
22103-66, and P.L. 104-188, excluding section 1311 of P.L. 104-188, and P.L. 105-34
23applies for Wisconsin purposes at the same time as for federal purposes.
24Amendments to the internal revenue code enacted after December 31, 1991, do not
25apply to this subdivision with respect to taxable years that begin after December 31,

11991, and before January 1, 1993, except that changes to the internal revenue code
2made by P.L. 102-318, P.L. 102-486, P.L. 103-66 and, P.L. 104-188, excluding
3section 1311 of P.L. 104-188, and P.L. 105-34 and changes that indirectly affect the
4provisions applicable to this subchapter made by P.L. 102-318, P.L. 102-486, P.L.
5103-66 and, P.L. 104-188, excluding section 1311 of P.L. 104-188, and P.L. 105-34
6apply for Wisconsin purposes at the same time as for federal purposes.
SB316, s. 32 7Section 32. 71.26 (2) (b) 8. of the statutes, as affected by 1997 Wisconsin Act
8.... (Assembly Bill 100), is amended to read:
SB316,36,99 71.26 (2) (b) 8. For taxable years that begin after December 31, 1992, and before
10January 1, 1994, for a corporation, conduit or common law trust which qualifies as
11a regulated investment company, real estate mortgage investment conduit or real
12estate investment trust under the internal revenue code as amended to December
1331, 1992, excluding sections 103, 104 and 110 of P.L. 102-227, and as amended by P.L.
14103-66, excluding sections 13101 (a) and (c) 1., 13113, 13150, 13171, 13174 and
1513203 of P.L. 103-66, P.L. 103-465 and, P.L. 104-188, excluding section 1311 of P.L.
16104-188, and P.L. 105-34 and as indirectly affected in the provisions applicable to
17this 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 13101 (a) and (c) 1, 13113, 13150, 13171, 13174 and 13203 of P.L. 103-66,
21P.L. 103-465 and, P.L. 104-188, excluding section 1311 of P.L. 104-188, and P.L.
22105-34
"net income" means the federal regulated investment company taxable
23income, federal real estate mortgage investment conduit taxable income or federal
24real estate investment trust taxable income of the corporation, conduit or trust as
25determined under the internal revenue code as amended to December 31, 1992,

1excluding sections 103, 104 and 110 of P.L. 102-227, and as amended by P.L. 103-66,
2excluding sections 13101 (a) and (c) 1, 13113, 13150, 13171, 13174 and 13203 of P.L.
3103-66, P.L. 103-465 and, P.L. 104-188, excluding section 1311 of P.L. 104-188, and
4P.L. 105-34
and as indirectly affected in the provisions applicable to this subchapter
5by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179,
6P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections 103, 104 and 110 of P.L.
7102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections 13101 (a) and
8(c) 1., 13113, 13150, 13171, 13174 and 13203 of P.L. 103-66, P.L. 103-465 and, P.L.
9104-188, excluding section 1311 of P.L. 104-188, and P.L. 105-34 except that
10property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated
11for taxable years 1983 to 1986 under the internal revenue code as amended to
12December 31, 1980, shall continue to be depreciated under the internal revenue code
13as amended to December 31, 1980, and except that the appropriate amount shall be
14added or subtracted to reflect differences between the depreciation or adjusted basis
15for federal income tax purposes and the depreciation or adjusted basis under this
16chapter of any property disposed of during the taxable year. The internal revenue
17code as amended to December 31, 1992, excluding sections 103, 104 and 110 of P.L.
18102-227, and as amended by P.L. 103-66, excluding sections 13101 (a) and (c) 1,
1913113, 13150, 13171, 13174 and 13203 of P.L. 103-66, P.L. 103-465 and, P.L.
20104-188, excluding section 1311 of P.L. 104-188, and P.L. 105-34 and as indirectly
21affected in the provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203,
22P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508,
23P.L. 102-227, excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L.
24102-486, P.L. 103-66, excluding sections 13101 (a) and (c) 1, 13113, 13150, 13171,
2513174 and 13203 of P.L. 103-66, P.L. 103-465 and, P.L. 104-188, excluding section

11311 of P.L. 104-188, and P.L. 105-34 applies for Wisconsin purposes at the same
2time as for federal purposes. Amendments to the internal revenue code enacted after
3December 31, 1992, do not apply to this subdivision with respect to taxable years that
4begin after December 31, 1992, and before January 1, 1994, except that changes to
5the internal revenue code made by P.L. 103-66, P.L. 103-465 and, P.L. 104-188,
6excluding section 1311 of P.L. 104-188, and P.L. 105-34 and changes that indirectly
7affect the provisions applicable to this subchapter made by P.L. 103-66, P.L. 103-465
8and, P.L. 104-188, excluding section 1311 of P.L. 104-188, and P.L. 105-34 apply for
9Wisconsin purposes at the same time as for federal purposes.
SB316, s. 33 10Section 33. 71.26 (2) (b) 9. of the statutes, as affected by 1997 Wisconsin Act
11.... (Assembly Bill 100), is amended to read:
SB316,38,2212 71.26 (2) (b) 9. For taxable years that begin after December 31, 1993, and
13before January 1, 1995, for a corporation, conduit or common law trust which
14qualifies as a regulated investment company, real estate mortgage investment
15conduit or real estate investment trust under the internal revenue code as amended
16to December 31, 1993, excluding sections 103, 104 and 110 of P.L. 102-227 and
17sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d) and 13215 of P.L. 103-66, and
18as amended by P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, excluding
19section 1 of P.L. 104-7, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L.
20104-191 and, P.L. 104-193 and P.L. 105-34 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,
23excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L.
24103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d) and 13215
25of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, excluding

1section 1 of P.L. 104-7, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L.
2104-191 and, P.L. 104-193 and P.L. 105-34 "net income" means the federal regulated
3investment company taxable income, federal real estate mortgage investment
4conduit taxable income or federal real estate investment trust taxable income of the
5corporation, conduit or trust as determined under the internal revenue code as
6amended to December 31, 1993, excluding sections 103, 104 and 110 of P.L. 102-227
7and sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d) and 13215 of P.L. 103-66,
8and as amended by P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, excluding
9section 1 of P.L. 104-7, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L.
10104-191 and, P.L. 104-193 and P.L. 105-34 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,
13excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L.
14103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d) and 13215
15of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, excluding
16section 1 of P.L. 104-7, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L.
17104-191 and, P.L. 104-193, and P.L. 105-34 except that property that, under s. 71.02
18(1) (c) 8. to 11., 1985 stats., is required to be depreciated for taxable years 1983 to 1986
19under the internal revenue code as amended to December 31, 1980, shall continue
20to be depreciated under the internal revenue code as amended to December 31, 1980,
21and except that the appropriate amount shall be added or subtracted to reflect
22differences between the depreciation or adjusted basis for federal income tax
23purposes and the depreciation or adjusted basis under this chapter of any property
24disposed of during the taxable year. The internal revenue code as amended to
25December 31, 1993, excluding sections 103, 104 and 110 of P.L. 102-227 and sections

113113, 13150 (d), 13171 (d), 13174, 13203 (d) and 13215 of P.L. 103-66, and as
2amended by P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, excluding section
31 of P.L. 104-7, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L. 104-191
4and, P.L. 104-193 and P.L. 105-34 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, 13203 (d) and 13215
9of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, excluding
10section 1 of P.L. 104-7, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L.
11104-191 and, P.L. 104-193 and P.L. 105-34 applies for Wisconsin purposes at the
12same time as for federal purposes. Amendments to the internal revenue code
13enacted after December 31, 1993, do not apply to this subdivision with respect to
14taxable years that begin after December 31, 1993, and before January 1, 1995,
15except that changes to the internal revenue code made by P.L. 103-296, P.L. 103-337,
16P.L. 103-465, P.L. 104-7, excluding section 1 of P.L. 104-7, P.L. 104-188, excluding
17section 1311 of P.L. 104-188, P.L. 104-191 and, P.L. 104-193 and P.L. 105-34 and
18changes that indirectly affect the provisions applicable to this subchapter made by
19P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, excluding section 1 of P.L.
20104-7, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L. 104-191 and, P.L.
21104-193 and P.L. 105-34 apply for Wisconsin purposes at the same time as for federal
22purposes.
SB316, s. 34 23Section 34. 71.26 (2) (b) 10. of the statutes, as affected by 1997 Wisconsin Act
24.... (Assembly Bill 100), is amended to read:
SB316,41,6
171.26 (2) (b) 10. For taxable years that begin after December 31, 1994, and
2before January 1, 1996, for a corporation, conduit or common law trust which
3qualifies as a regulated investment company, real estate mortgage investment
4conduit or real estate investment trust under the internal revenue code as amended
5to December 31, 1994, excluding sections 103, 104 and 110 of P.L. 102-227 and
6sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L. 103-66, and as
7amended by P.L. 104-7, P.L. 104-188, excluding sections 1202, 1204, 1311 and 1605
8of P.L. 104-188, P.L. 104-191 and, P.L. 104-193 and P.L. 105-34 and as indirectly
9affected in the provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203,
10P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508,
11P.L. 102-227, excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L.
12102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174 and
1313203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L.
14104-188, excluding sections 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191
15and, P.L. 104-193 and P.L. 105-34 "net income" means the federal regulated
16investment company taxable income, federal real estate mortgage investment
17conduit taxable income or federal real estate investment trust taxable income of the
18corporation, conduit or trust as determined under the internal revenue code as
19amended to December 31, 1994, excluding sections 103, 104 and 110 of P.L. 102-227
20and sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L. 103-66, and as
21amended by P.L. 104-7, P.L. 104-188, excluding sections 1202, 1204, 1311 and 1605
22of P.L. 104-188, P.L. 104-191 and, P.L. 104-193 and P.L. 105-34 and as indirectly
23affected in the provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203,
24P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508,
25P.L. 102-227, excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L.

1102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174 and
213203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L.
3104-188, excluding sections 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191
4and, P.L. 104-193, and P.L. 105-34 except that property that, under s. 71.02 (1) (c)
58. to 11., 1985 stats., is required to be depreciated for taxable years 1983 to 1986
6under the internal revenue code as amended to December 31, 1980, shall continue
7to be depreciated under the internal revenue code as amended to December 31, 1980,
8and except that the appropriate amount shall be added or subtracted to reflect
9differences between the depreciation or adjusted basis for federal income tax
10purposes and the depreciation or adjusted basis under this chapter of any property
11disposed of during the taxable year. The internal revenue code as amended to
12December 31, 1994, excluding sections 103, 104 and 110 of P.L. 102-227 and sections
1313113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L. 103-66, and as amended by
14P.L. 104-7, P.L. 104-188, excluding sections 1202, 1204, 1311 and 1605 of P.L.
15104-188, P.L. 104-191 and, P.L. 104-193 and P.L. 105-34 and as indirectly affected
16in the provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203, P.L.
17100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L.
18102-227, excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L.
19102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174 and
2013203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L.
21104-188, excluding sections 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191
22and, P.L. 104-193 and P.L. 105-34 applies for Wisconsin purposes at the same time
23as for federal purposes. Amendments to the internal revenue code enacted after
24December 31, 1994, do not apply to this subdivision with respect to taxable years
25that begin after December 31, 1994, and before January 1, 1996, except that

1changes made by P.L. 104-7, P.L. 104-188, excluding sections 1202, 1204, 1311 and
21605 of P.L. 104-188, P.L. 104-191 and, P.L. 104-193 and P.L. 105-34 and changes
3that indirectly affect the provisions applicable to this subchapter made by P.L. 104-7,
4P.L. 104-188, excluding sections 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L.
5104-191 and, P.L. 104-193 and P.L. 105-34 apply for Wisconsin purposes at the same
6time as for federal purposes.
SB316, s. 35 7Section 35. 71.26 (2) (b) 11. of the statutes, as affected by 1997 Wisconsin Act
8.... (Assembly Bill 100), is amended to read:
SB316,43,159 71.26 (2) (b) 11. For taxable years that begin after December 31, 1995, and
10before January 1, 1997, 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, 1995, 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. 104-188, excluding sections 1123, 1202, 1204, 1311 and 1605 of P.L.
16104-188, P.L. 104-191 and, P.L. 104-193, P.L. 105-33 and P.L. 105-34 and as
17indirectly affected in the provisions applicable to this subchapter by P.L. 99-514, P.L.
18100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L.
19101-508, P.L. 102-227, excluding sections 103, 104 and 110 of P.L. 102-227, P.L.
20102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d),
2113174 and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L.
22104-7, P.L. 104-188, excluding sections 1123, 1202, 1204, 1311 and 1605 of P.L.
23104-188, P.L. 104-191 and, P.L. 104-193, P.L. 105-33 and P.L. 105-34 "net income"
24means the federal regulated investment company taxable income, federal real estate
25mortgage investment conduit taxable income or federal real estate investment trust

1taxable income of the corporation, conduit or trust as determined under the internal
2revenue code as amended to December 31, 1995, excluding sections 103, 104 and 110
3of P.L. 102-227 and sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
4103-66, and as amended by P.L. 104-188, excluding sections 1123, 1202, 1204, 1311
5and 1605 of P.L. 104-188, P.L. 104-191 and, P.L. 104-193, P.L. 105-33 and P.L.
6105-34
and as indirectly affected in the provisions applicable to this subchapter by
7P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179,
8P.L. 101-239, 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, P.L. 103-66, excluding sections 13113, 13150
10(d), 13171 (d), 13174 and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L.
11103-465, P.L. 104-7, P.L. 104-188, excluding sections 1123, 1202, 1204, 1311 and
121605 of P.L. 104-188, P.L. 104-191, and P.L. 104-193, P.L. 105-33 and P.L. 105-34,
13except that property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to
14be depreciated for taxable years 1983 to 1986 under the internal revenue code as
15amended to December 31, 1980, shall continue to be depreciated under the internal
16revenue code as amended to December 31, 1980, and except that the appropriate
17amount shall be added or subtracted to reflect differences between the depreciation
18or adjusted basis for federal income tax purposes and the depreciation or adjusted
19basis under this chapter of any property disposed of during the taxable year. The
20internal revenue code as amended to December 31, 1995, excluding sections 103, 104
21and 110 of P.L. 102-227 and sections 13113, 13150 (d), 13171 (d), 13174 and 13203
22(d) of P.L. 103-66, and as amended by P.L. 104-188, excluding sections 1123, 1202,
231204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and , P.L. 104-193, P.L. 105-33
24and P.L. 105-34
and as indirectly affected in the provisions applicable to this
25subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140,

1P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections 103, 104
2and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections
313113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L.
4103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188, excluding sections 1123, 1202,
51204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and , P.L. 104-193, P.L. 105-33
6and P.L. 105-34
applies for Wisconsin purposes at the same time as for federal
7purposes. Amendments to the internal revenue code enacted after
8December 31, 1995, do not apply to this subdivision with respect to taxable years
9that begin after December 31, 1995, and before January 1, 1997, except that changes
10to the Internal Revenue Code made by P.L. 104-188, excluding sections 1123, 1202,
111204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and , P.L. 104-193, P.L. 105-33
12and P.L. 105-34
and changes that indirectly affect the provisions applicable to this
13subchapter made by P.L. 104-188, excluding sections 1123, 1202, 1204, 1311 and
141605 of P.L. 104-188, P.L. 104-191 and, P.L. 104-193 and P.L. 105-34 apply for
15Wisconsin purposes at the same time as for federal purposes.
SB316, s. 36 16Section 36. 71.26 (2) (b) 12. of the statutes, as created by 1997 Wisconsin Act
17(Assembly Bill 100), is amended to read:
SB316,45,2118 71.26 (2) (b) 12. For taxable years that begin after December 31, 1996, and
19before January 1, 1998,
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, 1996, excluding
23sections 103, 104 and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174
24and 13203 (d) of P.L. 103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605
25(d) of P.L. 104-188, and as amended by P.L. 105-33 and P.L. 105-34, and as indirectly

1affected in the provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203,
2P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508,
3P.L. 102-227, 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, P.L. 105-33 and P.L. 105-34 "net income"
8means the federal regulated investment company taxable income, federal real estate
9mortgage investment conduit taxable income, federal real estate investment trust
10or financial asset securitization investment trust taxable income of the corporation,
11conduit or trust as determined under the internal revenue code as amended to
12December 31, 1996, excluding sections 103, 104 and 110 of P.L. 102-227, sections
1313113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L. 103-66 and sections 1123 (b),
141202 (c), 1204 (f), 1311 and 1605 (d) of P.L. 104-188 and as amended by P.L. 105-33
15and P.L. 105-34
, and as indirectly affected in the provisions applicable to this
16subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140,
17P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections 103, 104
18and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections
1913113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L.
20103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188, excluding sections 1123 (b), 1202
21(c), 1204 (f), 1311 and 1605 (d) of P.L. 104-188, P.L. 104-191 and, P.L. 104-193, P.L.
22105-33 and P.L. 105-34
, except that property that, under s. 71.02 (1) (c) 8. to 11., 1985
23stats., is required to be depreciated for taxable years 1983 to 1986 under the internal
24revenue code as amended to December 31, 1980, shall continue to be depreciated
25under the Internal Revenue Code as amended to December 31, 1980, and except that

1the appropriate amount shall be added or subtracted to reflect differences between
2the depreciation or adjusted basis for federal income tax purposes and the
3depreciation or adjusted basis under this chapter of any property disposed of during
4the taxable year. The Internal Revenue Code as amended to December 31, 1996,
5excluding sections 103, 104 and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171
6(d), 13174 and 13203 (d) of P.L. 103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311
7and 1605 (d) of P.L. 104-188, and as amended by P.L. 105-33 and P.L. 105-34, and
8as indirectly affected in the provisions applicable to this subchapter by P.L. 99-514,
9P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239,
10P.L. 101-508, 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 (d)
14of P.L. 104-188, P.L. 104-191 and, P.L. 104-193, P.L. 105-33 and P.L. 105-34 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, and
18before January 1, 1998, except that changes to the Internal Revenue Code made by
19P.L. 105-33 and P.L. 105-34 and changes that indirectly affect the provisions
20applicable to this subchapter made by P.L. 105-33 and P.L. 105-34 apply for
21Wisconsin purposes at the same time as for federal purposes
.
SB316, s. 37 22Section 37. 71.26 (2) (b) 13. of the statutes is created to read:
SB316,47,1923 71.26 (2) (b) 13. For taxable years that begin after December 31, 1997, for a
24corporation, conduit or common law trust which qualifies as a regulated investment
25company, real estate mortgage investment conduit, real estate investment trust or

1financial asset securitization investment trust under the Internal Revenue Code as
2amended to December 31, 1996, excluding sections 103, 104 and 110 of P.L. 102-227,
3sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L. 103-66 and sections
41123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L. 104-188, and as indirectly
5affected in the provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203,
6P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508,
7P.L. 102-227, excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L.
8102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174 and
913203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L.
10104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L.
11104-188, P.L. 104-191 and P.L. 104-193 "net income" means the federal regulated
12investment company taxable income, federal real estate mortgage investment
13conduit taxable income, federal real estate investment trust or financial asset
14securitization investment trust taxable income of the corporation, conduit or trust
15as determined under the Internal Revenue Code as amended to December 31, 1996,
16excluding sections 103, 104 and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171
17(d), 13174 and 13203 (d) of P.L. 103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
18and 1605 (d) of P.L. 104-188, and as indirectly affected in the provisions applicable
19to this subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L.
20101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections
21103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding
22sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L. 103-66, P.L.
23103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188, excluding sections
241123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L. 104-188, P.L. 104-191 and P.L.
25104-193, except that property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is

1required to be depreciated for taxable years 1983 to 1986 under the Internal Revenue
2Code as amended to December 31, 1980, shall continue to be depreciated under the
3Internal Revenue Code as amended to December 31, 1980, and except that the
4appropriate amount shall be added or subtracted to reflect differences between the
5depreciation or adjusted basis for federal income tax purposes and the depreciation
6or adjusted basis under this chapter of any property disposed of during the taxable
7year. The Internal Revenue Code as amended to December 31, 1996, excluding
8sections 103, 104 and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174
9and 13203 (d) of P.L. 103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605
10(d) of P.L. 104-188, and as indirectly affected in the provisions applicable to this
11subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647, P.L. 101-73, P.L. 101-140,
12P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections 103, 104
13and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding sections
1413113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L.
15103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188, excluding sections 1123 (b), 1202
16(c), 1204 (f), 1311 and 1605 (d) of P.L. 104-188, P.L. 104-191 and P.L. 104-193 applies
17for Wisconsin purposes at the same time as for federal purposes. Amendments to the
18Internal Revenue Code enacted after December 31, 1996, do not apply to this
19subdivision with respect to taxable years that begin after December 31, 1997.
SB316, s. 38 20Section 38. 71.26 (3) (y) of the statutes, as affected by 1997 Wisconsin Act ....
21(Assembly Bill 100), is amended to read:
SB316,48,922 71.26 (3) (y) A corporation may compute amortization and depreciation under
23either the federal internal revenue code as amended to December 31, 1996, for
24property placed in service before August 6, 1997, or as amended to August 5, 1997,
25for property placed in service on August 6, 1997, or thereafter
, or the federal internal

1revenue code in effect for the taxable year for which the return is filed, except that
2property first placed in service by the taxpayer on or after January 1, 1983, but
3before January 1, 1987, that, under s. 71.04 (15) (b) and (br), 1985 stats., is required
4to be depreciated under the internal revenue code as amended to December 31, 1980,
5and property first placed in service in taxable year 1981 or thereafter but before
6January 1, 1987, that, under s. 71.04 (15) (bm), 1985 stats., is required to be
7depreciated under the internal revenue code as amended to December 31, 1980,
8shall continue to be depreciated under the internal revenue code as amended to
9December 31, 1980.
SB316, s. 39 10Section 39. 71.34 (1g) (e) of the statutes, as affected by 1997 Wisconsin Act ....
11(Assembly Bill 100), is amended to read:
SB316,49,712 71.34 (1g) (e) "Internal revenue code" for tax-option corporations, for taxable
13years that begin after December 31, 1989, and before January 1, 1991, means the
14federal internal revenue code as amended to December 31, 1989, and as amended by
15P.L. 101-508, P.L. 102-227, P.L. 103-66 and, P.L. 104-188, excluding section 1311
16of P.L. 104-188, and P.L. 105-34, and as indirectly affected in the provisions
17applicable to this subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647 excluding
18sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2) and 823 (c) (2) of P.L. 99-514
19and section 1008 (g) (5) of P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L.
20101-239, P.L. 101-508, P.L. 102-227, P.L. 103-66 and, P.L. 104-188, excluding
21section 1311 of P.L. 104-188, and P.L. 105-34, except that section 1366 (f) (relating
22to pass-through of items to shareholders) is modified by substituting the tax under
23s. 71.35 for the taxes under sections 1374 and 1375. The internal revenue code
24applies for Wisconsin purposes at the same time as for federal purposes.
25Amendments to the federal internal revenue code enacted after December 31, 1989,

1do not apply to this paragraph with respect to taxable years beginning after
2December 31, 1989, and before January 1, 1991, except that changes to the internal
3revenue code made by P.L. 101-508, P.L. 102-227, P.L. 103-66 and, P.L. 104-188,
4excluding section 1311 of P.L. 104-188, and P.L. 105-34 and changes that indirectly
5affect provisions applicable to this subchapter made by P.L. 101-508, P.L. 102-227,
6P.L. 103-66 and, P.L. 104-188, excluding section 1311 of P.L. 104-188, and P.L.
7105-34
apply for Wisconsin purposes at the same time as for federal purposes.
SB316, s. 40 8Section 40. 71.34 (1g) (f) of the statutes, as affected by 1997 Wisconsin Act ....
9(Assembly Bill 100), is amended to read:
SB316,50,510 71.34 (1g) (f) "Internal revenue code" for tax-option corporations, for taxable
11years that begin after December 31, 1990, and before January 1, 1992, means the
12federal internal revenue code as amended to December 31, 1990, and as amended by
13P.L. 102-227, P.L. 102-486, P.L. 103-66 and, P.L. 104-188, excluding section 1311
14of P.L. 104-188, and P.L. 105-34 and as indirectly affected in the provisions
15applicable to this subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647 excluding
16sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2) and 823 (c) (2) of P.L. 99-514
17and section 1008 (g) (5) of P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L.
18101-239, P.L. 101-508, P.L. 102-227, P.L. 102-486, P.L. 103-66 and, P.L. 104-188,
19excluding section 1311 of P.L. 104-188, and P.L. 105-34 except that section 1366 (f)
20(relating to pass-through of items to shareholders) is modified by substituting the
21tax under s. 71.35 for the taxes under sections 1374 and 1375. The internal revenue
22code applies for Wisconsin purposes at the same time as for federal purposes.
23Amendments to the federal internal revenue code enacted after December 31, 1990,
24do not apply to this paragraph with respect to taxable years beginning after
25December 31, 1990, and before January 1, 1992, except that changes to the internal

1revenue code made by P.L. 102-227, P.L. 102-486, P.L. 103-66 and, P.L. 104-188,
2excluding section 1311 of P.L. 104-188, and P.L. 105-34 and changes that indirectly
3affect provisions applicable to this subchapter made by P.L. 102-227, P.L. 102-486,
4P.L. 103-66 and, P.L. 104-188, excluding section 1311 of P.L. 104-188, and P.L.
5105-34
apply for Wisconsin purposes at the same time as for federal purposes.
SB316, s. 41 6Section 41. 71.34 (1g) (g) of the statutes, as affected by 1997 Wisconsin Act ....
7(Assembly Bill 100), is amended to read:
SB316,51,68 71.34 (1g) (g) "Internal revenue code" for tax-option corporations, for taxable
9years that begin after December 31, 1991, and before January 1, 1993, means the
10federal internal revenue code as amended to December 31, 1991, excluding sections
11103, 104 and 110 of P.L. 102-227, and as amended by P.L. 102-318, P.L. 102-486, P.L.
12103-66, excluding sections 13101 (a) and (c) 1, 13171 and 13174 of P.L. 103-66, and
13P.L. 104-188, excluding section 1311 of P.L. 104-188, and P.L. 105-34 and as
14indirectly affected in the provisions applicable to this subchapter by P.L. 99-514, P.L.
15100-203, P.L. 100-647 excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821
16(b) (2) and 823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of 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 13101 (a) and (c) 1, 13171 and 13174 of P.L. 103-66, and
20P.L. 104-188, excluding section 1311 of P.L. 104-188, and P.L. 105-34 except that
21section 1366 (f) (relating to pass-through of items to shareholders) is modified by
22substituting the tax under s. 71.35 for the taxes under sections 1374 and 1375. The
23internal revenue code applies for Wisconsin purposes at the same time as for federal
24purposes. Amendments to the federal internal revenue code enacted after December
2531, 1991, do not apply to this paragraph with respect to taxable years beginning after

1December 31, 1991, and before January 1, 1993, except that changes to the internal
2revenue code made by P.L. 102-318, P.L. 102-486, P.L. 103-66 and, P.L. 104-188,
3excluding section 1311 of P.L. 104-188, and P.L. 105-34 and changes that indirectly
4affect the provisions applicable to this subchapter made by P.L. 102-318, P.L.
5102-486, P.L. 103-66 and, P.L. 104-188, excluding section 1311 of P.L. 104-188, and
6P.L. 105-34
apply for Wisconsin purposes at the same time as for federal purposes.
SB316, s. 42 7Section 42. 71.34 (1g) (h) of the statutes, as affected by 1997 Wisconsin Act
8.... (Assembly Bill 100), is amended to read:
SB316,52,89 71.34 (1g) (h) "Internal revenue code" for tax-option corporations, for taxable
10years that begin after December 31, 1992, and before January 1, 1994, means the
11federal internal revenue code as amended to December 31, 1992, excluding sections
12103, 104 and 110 of P.L. 102-227, and as amended by P.L. 103-66, excluding sections
1313101 (a) and (c) 1, 13113, 13150, 13171, 13174 and 13203 of P.L. 103-66, P.L.
14103-465 and, P.L. 104-188, excluding section 1311 of P.L. 104-188, and P.L. 105-34
15and as indirectly affected in the provisions applicable to this subchapter by P.L.
1699-514, P.L. 100-203, P.L. 100-647 excluding sections 803 (d) (2) (B), 805 (d) (2), 812
17(c) (2), 821 (b) (2) and 823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of 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 13101 (a) and (c) 1, 13113, 13150, 13171, 13174 and 13203
21of P.L. 103-66, P.L. 103-465 and, P.L. 104-188, excluding section 1311 of P.L.
22104-188, and P.L. 105-34 except that section 1366 (f) (relating to pass-through of
23items to shareholders) is modified by substituting the tax under s. 71.35 for the taxes
24under sections 1374 and 1375. The internal revenue code applies for Wisconsin
25purposes at the same time as for federal purposes. Amendments to the federal

1internal revenue code enacted after December 31, 1992, do not apply to this
2paragraph with respect to taxable years beginning after December 31, 1992, and
3before January 1, 1994, except that changes to the internal revenue code made by
4P.L. 103-66, P.L. 103-465 and, P.L. 104-188, excluding section 1311 of P.L. 104-188,
5and P.L. 105-34 and changes that indirectly affect the provisions applicable to this
6subchapter made by P.L. 103-66, P.L. 103-465 and, P.L. 104-188, excluding section
71311 of P.L. 104-188, and P.L. 105-34 apply for Wisconsin purposes at the same time
8as for federal purposes.
SB316, s. 43 9Section 43. 71.34 (1g) (i) of the statutes, as affected by 1997 Wisconsin Act ....
10(Assembly Bill 100), is amended to read:
SB316,53,1411 71.34 (1g) (i) "Internal revenue code" for tax-option corporations, for taxable
12years that begin after December 31, 1993, and before January 1, 1995, means the
13federal internal revenue code as amended to December 31, 1993, excluding sections
14103, 104 and 110 of P.L. 102-227 and sections 13113, 13150 (d), 13171 (d), 13174,
1513203 (d) and 13215 of P.L. 103-66, and as amended by P.L. 103-296, P.L. 103-337,
16P.L. 103-465, P.L. 104-7, excluding section 1 of P.L. 104-7, P.L. 104-188, excluding
17section 1311 of P.L. 104-188, P.L. 104-191 and, P.L. 104-193 and P.L. 105-34 and as
18indirectly affected in the provisions applicable to this subchapter by P.L. 99-514, P.L.
19100-203, P.L. 100-647 excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821
20(b) (2) and 823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of 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,
22excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L.
23103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d) and 13215
24of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, excluding
25section 1 of P.L. 104-7, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L.

1104-191 and, P.L. 104-193 and P.L. 105-34 except that section 1366 (f) (relating to
2pass-through of items to shareholders) is modified by substituting the tax under s.
371.35 for the taxes under sections 1374 and 1375. The internal revenue code applies
4for Wisconsin purposes at the same time as for federal purposes. Amendments to the
5federal internal revenue code enacted after December 31, 1993, do not apply to this
6paragraph with respect to taxable years beginning after December 31, 1993, and
7before January 1, 1995, except that changes to the internal revenue code made by
8P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, excluding section 1 of P.L.
9104-7, P.L. 104-188, excluding section 1311 of P.L. 104-188, P.L. 104-191 and, P.L.
10104-193 and P.L. 105-34 and changes that indirectly affect the provisions applicable
11to this subchapter made by P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7,
12excluding section 1 of P.L. 104-7, P.L. 104-188, excluding section 1311 of P.L.
13104-188, P.L. 104-191 and, P.L. 104-193 and P.L. 105-34 apply for Wisconsin
14purposes at the same time as for federal purposes.
SB316, s. 44 15Section 44. 71.34 (1g) (j) of the statutes, as affected by 1997 Wisconsin Act ....
16(Assembly Bill 100), is amended to read:
SB316,54,1817 71.34 (1g) (j) "Internal revenue code" for tax-option corporations, for taxable
18years that begin after December 31, 1994, and before January 1, 1996, means the
19federal internal revenue code as amended to December 31, 1994, excluding sections
20103, 104 and 110 of P.L. 102-227 and sections 13113, 13150 (d), 13171 (d), 13174 and
2113203 (d) of P.L. 103-66, and as amended by P.L. 104-7, P.L. 104-188, excluding
22sections 1202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and, P.L. 104-193
23and P.L. 105-34 and as indirectly affected in the provisions applicable to this
24subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647 excluding sections 803 (d) (2)
25(B), 805 (d) (2), 812 (c) (2), 821 (b) (2) and 823 (c) (2) of P.L. 99-514 and section 1008

1(g) (5) of P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L.
2101-508, P.L. 102-227, excluding sections 103, 104 and 110 of P.L. 102-227, P.L.
3102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d),
413174 and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L.
5104-7, P.L. 104-188, excluding sections 1202, 1204, 1311 and 1605 of P.L. 104-188,
6P.L. 104-191 and, P.L. 104-193 and P.L. 105-34 except that section 1366 (f) (relating
7to pass-through of items to shareholders) is modified by substituting the tax under
8s. 71.35 for the taxes under sections 1374 and 1375. The internal revenue code
9applies for Wisconsin purposes at the same time as for federal purposes.
10Amendments to the federal internal revenue code enacted after December 31, 1994,
11do not apply to this paragraph with respect to taxable years beginning after
12December 31, 1994, and before January 1, 1996, except changes to the internal
13revenue code made by P.L. 104-7, P.L. 104-188, excluding sections 1202, 1204, 1311
14and 1605 of P.L. 104-188, P.L. 104-191 and, P.L. 104-193 and P.L. 105-34 and
15changes that indirectly affect the provisions applicable to this subchapter made by
16P.L. 104-7, P.L. 104-188, excluding sections 1202, 1204, 1311 and 1605 of P.L.
17104-188, P.L. 104-191 and, P.L. 104-193 and P.L. 105-34 apply for Wisconsin
18purposes at the same time as for federal purposes.
SB316, s. 45 19Section 45. 71.34 (1g) (k) of the statutes, as affected by 1997 Wisconsin Act ....
20(Assembly Bill 100), is amended to read:
SB316,55,2221 71.34 (1g) (k) "Internal revenue code" for tax-option corporations, for taxable
22years that begin after December 31, 1995, and before January 1, 1997, means the
23federal internal revenue code as amended to December 31, 1995, excluding sections
24103, 104 and 110 of P.L. 102-227 and sections 13113, 13150 (d), 13171 (d), 13174 and
2513203 (d) of P.L. 103-66, and as amended by P.L. 104-188, excluding sections 1123,

11202, 1204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and, P.L. 104-193, P.L.
2105-33 and P.L. 105-34
, and as indirectly affected in the provisions applicable to this
3subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647 excluding sections 803 (d) (2)
4(B), 805 (d) (2), 812 (c) (2), 821 (b) (2) and 823 (c) (2) of P.L. 99-514 and section 1008
5(g) (5) of P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L.
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, 1202, 1204, 1311 and 1605 of P.L.
10104-188, P.L. 104-191 and, P.L. 104-193, P.L. 105-33 and P.L. 105-34, except that
11section 1366 (f) (relating to pass-through of items to shareholders) is modified by
12substituting the tax under s. 71.35 for the taxes under sections 1374 and 1375. The
13internal revenue code applies for Wisconsin purposes at the same time as for federal
14purposes. Amendments to the federal internal revenue code enacted after
15December 31, 1995, do not apply to this paragraph with respect to taxable years
16beginning after December 31, 1995, and before January 1, 1997, except that changes
17to the Internal Revenue Code made by P.L. 104-188, excluding sections 1123, 1202,
181204, 1311 and 1605 of P.L. 104-188, P.L. 104-191 and , P.L. 104-193, P.L. 105-33
19and P.L. 105-34
, and changes that indirectly affect the provisions applicable to this
20subchapter made by P.L. 104-188, excluding sections 1123, 1202, 1204, 1311 and
211605 of P.L. 104-188, P.L. 104-191 and, P.L. 104-193, P.L. 105-33 and P.L. 105-34
22apply for Wisconsin purposes at the same time as for federal purposes.
SB316, s. 46 23Section 46. 71.34 (1g) (L) of the statutes, as created by 1997 Wisconsin Act ....
24(Assembly Bill 100), is amended to read:
SB316,56,24
171.34 (1g) (L) "Internal Revenue Code" for tax-option corporations, for taxable
2years that begin after December 31, 1996, and before January 1, 1998, means the
3federal Internal Revenue Code as amended to December 31, 1996, excluding
4sections 103, 104 and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174
5and 13203 (d) of P.L. 103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605
6(d) of P.L. 104-188, and as amended by P.L. 105-33 and P.L. 105-34 and as indirectly
7affected in the provisions applicable to this subchapter by P.L. 99-514, P.L. 100-203,
8P.L. 100-647 excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2) and
9823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of P.L. 100-647, P.L. 101-73, P.L.
10101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227, excluding sections
11103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L. 103-66, excluding
12sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L. 103-66, P.L.
13103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188, excluding sections
141123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L. 104-188, P.L. 104-191 and, P.L.
15104-193, P.L. 105-33 and P.L. 105-34, except that section 1366 (f) (relating to
16pass-through of items to shareholders) is modified by substituting the tax under s.
1771.35 for the taxes under sections 1374 and 1375. The Internal Revenue Code applies
18for Wisconsin purposes at the same time as for federal purposes. Amendments to the
19federal Internal Revenue Code enacted after December 31, 1996, do not apply to this
20paragraph with respect to taxable years beginning after December 31, 1996, and
21before January 1, 1998, except that changes to the Internal Revenue Code made by
22P.L. 105-33 and P.L. 105-34 and changes that indirectly affect the provisions
23applicable to this subchapter made by P.L. 105-33 and P.L. 105-34 apply for
24Wisconsin purposes at the same time as for federal purposes
.
SB316, s. 47 25Section 47. 71.34 (1g) (m) of the statutes is created to read:
SB316,57,19
171.34 (1g) (m) "Internal Revenue Code" for tax-option corporations, for taxable
2years that begin after December 31, 1997, means the federal Internal Revenue Code
3as amended to December 31, 1996, excluding sections 103, 104 and 110 of P.L.
4102-227, sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L. 103-66 and
5sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L. 104-188, and as
6indirectly affected in the provisions applicable to this subchapter by P.L. 99-514, P.L.
7100-203, P.L. 100-647 excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821
8(b) (2) and 823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of P.L. 100-647, P.L.
9101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227,
10excluding sections 103, 104 and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L.
11103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
12103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188,
13excluding sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L. 104-188, P.L.
14104-191 and P.L. 104-193, except that section 1366 (f) (relating to pass-through of
15items to shareholders) is modified by substituting the tax under s. 71.35 for the taxes
16under sections 1374 and 1375. The Internal Revenue Code applies for Wisconsin
17purposes at the same time as for federal purposes. Amendments to the federal
18Internal Revenue Code enacted after December 31, 1996, do not apply to this
19paragraph with respect to taxable years beginning after December 31, 1997.
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