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.
SB316, s. 48
20Section
48. 71.365 (1m) of the statutes, as affected by 1997 Wisconsin Act ....
21(Assembly Bill 100), is amended to read:
SB316,58,2422
71.365
(1m) Tax-option corporations; depreciation. A tax-option corporation
23may compute amortization and depreciation under either the federal internal
24revenue code as amended to December 31, 1996
, for property placed in service before
25August 6, 1997, or as amended to August 5, 1997, for property placed in service on
1August 6, 1997, or thereafter, or the federal internal revenue code in effect for the
2taxable year for which the return is filed, except that property first placed in service
3by the taxpayer on or after January 1, 1983, but before January 1,
1987, that, under
4s. 71.04 (15) (b) and (br), 1985 stats., is required to be depreciated under the internal
5revenue code as amended to December 31, 1980, and property first placed in service
6in taxable year 1981 or thereafter but before January 1, 1987, that, under s. 71.04
7(15) (bm), 1985 stats., is required to be depreciated under the internal revenue code
8as amended to December 31, 1980, shall continue to be depreciated under the
9internal revenue code as amended to December 31, 1980. Any difference between
10the adjusted basis for federal income tax purposes and the adjusted basis under this
11chapter shall be taken into account in determining net income or loss in the year or
12years for which the gain or loss is reportable under this chapter. If that property was
13placed in service by the taxpayer during taxable year 1986 and thereafter but before
14the property is used in the production of income subject to taxation under this
15chapter, the property's adjusted basis and the depreciation or other deduction
16schedule are not required to be changed from the amount allowable on the owner's
17federal income tax returns for any year because the property is used in the
18production of income subject to taxation under this chapter. If that property was
19acquired in a transaction in taxable year 1986 or thereafter in which the adjusted
20basis of the property in the hands of the transferee is the same as the adjusted basis
21of the property in the hands of the transferor, the Wisconsin adjusted basis of that
22property on the date of transfer is the adjusted basis allowable under the internal
23revenue code as defined for Wisconsin purposes for the property in the hands of the
24transferor.
SB316, s. 49
1Section
49. 71.42 (2) (d) of the statutes, as affected by 1997 Wisconsin Act ....
2(Assembly Bill 100), is amended to read:
SB316,59,203
71.42
(2) (d) For taxable years that begin after December 31, 1989, and before
4January 1, 1991, "internal revenue code" means the federal internal revenue code as
5amended to December 31, 1989, and as amended by P.L.
101-508, P.L.
102-227, P.L.
6103-66 and, P.L.
104-188, excluding section 1311 of P.L.
104-188,
and P.L. 105-34 7and as indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73,
8P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, P.L.
103-66 9and, P.L.
104-188, excluding section 1311 of P.L.
104-188,
and P.L. 105-34 except
10that "internal revenue code" does not include section 847 of the federal internal
11revenue code. The internal revenue code applies for Wisconsin purposes at the same
12time as for federal purposes. Amendments to the federal internal revenue code
13enacted after December 31, 1989, do not apply to this paragraph with respect to
14taxable years beginning after December 31, 1989, and before January 1, 1991, except
15that changes to the internal revenue code made by P.L.
101-508, P.L.
102-227, P.L.
16103-66 and, P.L.
104-188, excluding section 1311 of P.L.
104-188,
and P.L. 105-34 17and changes that indirectly affect the federal internal revenue code made by P.L.
18101-508, P.L.
102-227, P.L.
103-66 and, P.L.
104-188, excluding section 1311 of P.L.
19104-188,
and P.L. 105-34 apply for Wisconsin purposes at the same time as for
20federal purposes.
SB316, s. 50
21Section
50. 71.42 (2) (e) of the statutes, as affected by 1997 Wisconsin Act ....
22(Assembly Bill 100), is amended to read:
SB316,60,1523
71.42
(2) (e) For taxable years that begin after December 31, 1990, and before
24January 1, 1992, "internal revenue code" means the federal internal revenue code as
25amended to December 31, 1990, and as amended by P.L.
102-227, P.L.
102-486, P.L.
1103-66 and, P.L.
104-188, excluding section 1311 of P.L.
104-188,
and P.L. 105-34 2and as indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73,
3P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, 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 except that "internal revenue code" does not include section 847 of the federal
6internal revenue code. The internal revenue code applies for Wisconsin purposes at
7the same time as for federal purposes. Amendments to the federal internal revenue
8code enacted after December 31, 1990, do not apply to this paragraph with respect
9to taxable years beginning after December 31, 1990, and before January 1, 1992,
10except that changes to the internal revenue code made by P.L.
102-227, P.L.
102-486,
11P.L.
103-66 and, P.L.
104-188, excluding section 1311 of P.L.
104-188,
and P.L.
12105-34 and changes that indirectly affect the federal internal revenue code made 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 apply for Wisconsin purposes at the same time as
15for federal purposes.
SB316, s. 51
16Section
51. 71.42 (2) (f) of the statutes, as affected by 1997 Wisconsin Act ....
17(Assembly Bill 100), is amended to read:
SB316,61,1318
71.42
(2) (f) For taxable years that begin after December 31, 1991, and before
19January 1, 1993, "internal revenue code" means the federal internal revenue code as
20amended to December 31, 1991, excluding sections 103, 104 and 110 of P.L.
102-227,
21and as amended by P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
2213101 (a) and (c) 1, 13171 and 13174 of P.L.
103-66,
and P.L.
104-188, excluding
23section 1311 of P.L.
104-188,
and P.L. 105-34 and as indirectly affected by P.L.
2499-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
25101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
1102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13101 (a) and
2(c) 1, 13171 and 13174 of P.L.
103-66,
and P.L.
104-188, excluding section 1311 of P.L.
3104-188,
and P.L. 105-34 except that "internal revenue code" does not include
4section 847 of the federal internal revenue code. The internal revenue code applies
5for Wisconsin purposes at the same time as for federal purposes. Amendments to the
6federal internal revenue code enacted after December 31, 1991, do not apply to this
7paragraph with respect to taxable years beginning after December 31, 1991, and
8before January 1, 1993, except that changes to the internal revenue code made by
9P.L.
102-318, P.L.
102-486, P.L.
103-66 and, P.L.
104-188, excluding section 1311
10of P.L.
104-188,
and P.L. 105-34 and changes that indirectly affect the federal
11internal revenue code made by P.L.
102-318, P.L.
102-486, P.L.
103-66
and, P.L.
12104-188, excluding section 1311 of P.L.
104-188,
and P.L. 105-34 apply for Wisconsin
13purposes at the same time as for federal purposes.
SB316, s. 52
14Section
52. 71.42 (2) (g) of the statutes, as affected by 1997 Wisconsin Act ....
15(Assembly Bill 100), is amended to read:
SB316,62,1116
71.42
(2) (g) For taxable years that begin after December 31, 1992, and before
17January 1, 1994, "internal revenue code" means the federal internal revenue code as
18amended to December 31, 1992, excluding sections 103, 104 and 110 of P.L.
102-227,
19and as amended by P.L.
103-66, excluding sections 13101 (a) and (c) 1, 13113, 13150,
2013171, 13174 and 13203 of P.L.
103-66, P.L.
103-465 and
, P.L.
104-188, excluding
21section 1311 of P.L.
104-188,
and P.L. 105-34 and as indirectly affected by P.L.
2299-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
23101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
24102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13101 (a) and
25(c) 1, 13113, 13150, 13171, 13174 and 13203 of P.L.
103-66, P.L.
103-465 and, P.L.
1104-188, excluding section 1311 of P.L.
104-188,
and P.L. 105-34 except that
2"internal revenue code" does not include section 847 of the federal internal revenue
3code. The internal revenue code applies for Wisconsin purposes at the same time as
4for federal purposes. Amendments to the federal internal revenue code enacted after
5December 31, 1992, do not apply to this paragraph with respect to taxable years
6beginning after December 31, 1992, and before January 1, 1994, except that changes
7to the internal revenue code made by P.L.
103-66, P.L.
103-465 and, P.L.
104-188,
8excluding section 1311 of P.L.
104-188,
and P.L. 105-34 and changes that indirectly
9affect the federal internal revenue code made by P.L.
103-66, P.L.
103-465 and, P.L.
10104-188, excluding section 1311 of P.L.
104-188,
and P.L. 105-34 apply for Wisconsin
11purposes at the same time as for federal purposes.
SB316, s. 53
12Section
53. 71.42 (2) (h) of the statutes, as affected by 1997 Wisconsin Act ....
13(Assembly Bill 100), is amended to read:
SB316,63,1414
71.42
(2) (h) For taxable years that begin after December 31, 1993, and before
15January 1, 1995, "internal revenue code" means the federal internal revenue code as
16amended to December 31, 1993 excluding sections 103, 104 and 110 of P.L.
102-227 17and sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d) and 13215 of P.L.
103-66,
18and as 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 by P.L.
2199-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
22101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
23102-227, P.L.
102-318, P.L.
102-486 and P.L.
103-66, excluding sections 13113,
2413150 (d), 13171 (d), 13174, 13203 (d) and 13215 of P.L.
103-66, P.L.
103-296, P.L.
25103-337, P.L.
103-465, P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
104-188,
1excluding section 1311 of P.L.
104-188, P.L.
104-191 and, P.L.
104-193 and P.L.
2105-34, except that "internal revenue code" does not include section 847 of the
3federal internal revenue code. The internal revenue code applies for Wisconsin
4purposes at the same time as for federal purposes. Amendments to the federal
5internal 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. 54
15Section
54. 71.42 (2) (i) of the statutes, as affected by 1997 Wisconsin Act ....
16(Assembly Bill 100), is amended to read:
SB316,64,1417
71.42
(2) (i) For taxable years that begin after December 31, 1994, and before
18January 1, 1996, "internal revenue code" means the federal 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 by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
24101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104 and
25110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
113113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
2103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1202, 1204, 1311
3and 1605 of P.L.
104-188, P.L.
104-191 and, P.L.
104-193 and P.L. 105-34, except
4that "internal revenue code" does not include section 847 of the federal internal
5revenue code. The internal revenue code applies for Wisconsin purposes at the same
6time as for federal purposes. Amendments to the federal internal revenue code
7enacted after December 31, 1994, do not apply to this paragraph with respect to
8taxable years beginning after December 31, 1994, and before January 1, 1996,
9except that changes to the internal revenue code made by P.L.
104-7, P.L.
104-188,
10excluding sections 1202, 1204, 1311 and 1605 of P.L.
104-188, P.L.
104-191 and, P.L.
11104-193 and P.L. 105-34 and changes that indirectly affect the provisions applicable
12to this subchapter made by P.L.
104-7, P.L.
104-188, excluding sections 1202, 1204,
131311 and 1605 of P.L.
104-188, P.L.
104-191 and, P.L.
104-193 and P.L. 105-34 apply
14for Wisconsin purposes at the same time as for federal purposes.
SB316, s. 55
15Section
55. 71.42 (2) (j) of the statutes, as affected by 1997 Wisconsin Act ....
16(Assembly Bill 100), is amended to read:
SB316,65,1517
71.42
(2) (j) For taxable years that begin after December 31, 1995, and before
18January 1, 1997, "internal revenue code" means the federal internal revenue code as
19amended to December 31, 1995, 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.
104-188, excluding sections 1123, 1202, 1204, 1311 and 1605 of P.L.
22104-188, P.L.
104-191 and, P.L.
104-193, P.L. 105-33 and P.L. 105-34 and as
23indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
24101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections
25103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding
1sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, P.L.
2103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections
31123, 1202, 1204, 1311 and 1605 of P.L.
104-188, P.L.
104-191 and, P.L.
104-193, P.L.
4105-33 and P.L. 105-34 except that "internal revenue code" does not include section
5847 of the federal internal revenue code. The internal revenue code applies for
6Wisconsin purposes at the same time as for federal purposes. Amendments to the
7federal internal revenue code enacted after December 31, 1995, do not apply to this
8paragraph with respect to taxable years beginning after December 31, 1995, and
9before January 1, 1997, except that changes to the Internal Revenue Code made by
10P.L.
104-188, excluding sections 1123, 1202, 1204, 1311 and 1605 of P.L.
104-188,
11P.L.
104-191 and, P.L.
104-193, P.L. 105-33 and P.L. 105-34, and changes that
12indirectly affect the provisions applicable to this subchapter made by P.L.
104-188,
13excluding sections 1123, 1202, 1204, 1311 and 1605 of P.L.
104-188, P.L.
104-191 14and, P.L.
104-193, P.L. 105-33 and P.L. 105-34 apply for Wisconsin purposes at the
15same time as for federal purposes.
SB316, s. 56
16Section
56. 71.42 (2) (k) of the statutes, as created by 1997 Wisconsin Act ....
17(Assembly Bill 100), is amended to read:
SB316,66,1318
71.42
(2) (k) For taxable years that begin after December 31, 1996
, and before
19January 1, 1998, "Internal Revenue Code" means the federal Internal Revenue Code
20as amended to December 31, 1996, excluding sections 103, 104 and 110 of P.L.
21102-227, sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66 and
22sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L.
104-188,
and as
23amended by P.L. 105-33 and P.L. 105-34 and as indirectly affected by P.L.
99-514,
24P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239,
25P.L.
101-508, P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
1102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
213174 and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
3104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c) 1204 (f), 1311 and 1605 (d)
4of P.L.
104-188, P.L.
104-191 and, P.L.
104-193, P.L. 105-33 and P.L. 105-34 except
5that "Internal Revenue Code" does not include section 847 of the federal Internal
6Revenue Code. The Internal Revenue Code applies for Wisconsin purposes at the
7same time as for federal purposes. Amendments to the federal Internal Revenue
8Code enacted after December 31, 1996, do not apply to this paragraph with respect
9to taxable years beginning after December 31, 1996
, and before January 1, 1998,
10except that changes to the Internal Revenue Code made by P.L. 105-33 and P.L.
11105-34 and changes that indirectly affect the provisions applicable to this
12subchapter made by P.L. 105-33 and P.L. 105-34 apply for Wisconsin purposes at the
13same time as for federal purposes.
SB316, s. 57
14Section
57. 71.42 (2) (L) of the statutes is created to read:
SB316,67,515
71.42
(2) (L) For taxable years that begin after December 31, 1997, "Internal
16Revenue Code" means the federal Internal Revenue Code as amended to
17December 31, 1996, excluding sections 103, 104 and 110 of P.L.
102-227, sections
1813113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66 and sections 1123 (b),
191202 (c), 1204 (f), 1311 and 1605 (d) of P.L.
104-188, and as indirectly affected by P.L.
2099-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
21101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
22102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
23(d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
24103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c) 1204 (f), 1311
25and 1605 (d) of P.L.
104-188, P.L.
104-191 and P.L.
104-193 except that "Internal
1Revenue Code" does not include section 847 of the federal Internal Revenue Code.
2The Internal Revenue Code applies for Wisconsin purposes at the same time as for
3federal purposes. Amendments to the federal Internal Revenue Code enacted after
4December 31, 1996, do not apply to this paragraph with respect to taxable years
5beginning after December 31, 1997.
SB316, s. 58
6Section
58. 71.77 (3) of the statutes, as affected by 1997 Wisconsin Act ....
7(Assembly Bill 100), is amended to read:
SB316,67,168
71.77
(3) Irrespective of sub. (2), if any person has filed an incorrect income tax
9or franchise tax return for any year with intent to defeat or evade the income tax or
10franchise tax assessment provided by law, or has failed to file any income tax or
11franchise tax return for any of such years, income of any such year may be assessed
12when discovered. The department of revenue shall assess the taxes owed for taxable
13years beginning before January 1, 1990, by using the definition of "Internal Revenue
14Code" that applied to the year for which the assessment was made, as modified by
15P.L.
104-188 and P.L. 105-34 if P.L.
104-188 or P.L. 105-34 applied for federal
16purposes for that year.
SB316, s. 59
17Section
59. 71.77 (5) of the statutes, as affected by 1997 Wisconsin Act ....
18(Assembly Bill 100), is amended to read:
SB316,68,419
71.77
(5) The limitation periods provided in this section may be extended by
20written agreement between the taxpayer and the department prior to the expiration
21of such limitation periods or any extension of such limitation periods. During any
22such extension period, the department may issue an assessment or a refund, and the
23taxpayer may file a claim for a refund, relating to the year which the extension
24covers. Subsection (4) shall not apply to any assessment made in any such extended
25period. The department of revenue shall assess the taxes owed or compute the refund
1due for taxable years beginning before January 1, 1990, by using the definition of
2"Internal Revenue Code" that applied to the year for which the assessment was
3made, as modified by P.L.
104-188 and P.L. 105-34 if P.L.
104-188 or P.L. 105-34 4applied for federal purposes for that year.
SB316, s. 60
5Section
60. 1997 Wisconsin Act .... (Assembly Bill 100), section 9343 (9x) (a)
6is amended to read:
SB316,68,137
[1997 Wisconsin Act .... (Assembly Bill 100),] Section 9343 (9x) (a) The
8treatment of sections 71.01
(7r) and (15), 71.05 (6) (intro.), (a) 19. and (b) 24., 71.07
9(2dr) (a) and (5) (a) 7., 71.10 (4) (j), 71.122, 71.22 (1), 71.26 (2) (b) (title)
and (3) (y),
1071.34 (1) (i), 71.365
(1m), (4) (a) and (7), 71.45 (2) (a) 10m.
and 13. and 71.83 (1) (c)
11of the statutes, the renumbering and amendment of section 71.125 of the statutes
12and the creation of section 71.125 (2) of the statutes first apply to taxable years
13beginning on January 1, 1997.
