September 19, 2001 - Introduced by Representative Gard, cosponsored by Senator
Burke, by request of Department of Revenue. Referred to Joint committee on
Finance.
AB506,2,2
1An Act to repeal 71.01 (6) (g), 71.22 (4) (g), 71.22 (4m) (e), 71.26 (2) (b) 7., 71.34
2(1g) (g) and 71.42 (2) (f);
to amend 71.01 (6) (h), 71.01 (6) (i), 71.01 (6) (j), 71.01
3(6) (k), 71.01 (6) (L), 71.01 (6) (m), 71.01 (6) (n), 71.01 (6) (o), 71.01 (7r), 71.22
4(4) (h), 71.22 (4) (i), 71.22 (4) (j), 71.22 (4) (k), 71.22 (4) (L), 71.22 (4) (m), 71.22
5(4) (n), 71.22 (4) (o), 71.22 (4m) (f), 71.22 (4m) (g), 71.22 (4m) (h), 71.22 (4m) (i),
671.22 (4m) (j), 71.22 (4m) (k), 71.22 (4m) (L), 71.22 (4m) (m), 71.26 (2) (b) 8.,
771.26 (2) (b) 9., 71.26 (2) (b) 10., 71.26 (2) (b) 11., 71.26 (2) (b) 12., 71.26 (2) (b)
813., 71.26 (2) (b) 14., 71.26 (2) (b) 15., 71.26 (3) (y), 71.34 (1g) (h), 71.34 (1g) (i),
971.34 (1g) (j), 71.34 (1g) (k), 71.34 (1g) (L), 71.34 (1g) (m), 71.34 (1g) (n), 71.34
10(1g) (o), 71.365 (1m), 71.42 (2) (g), 71.42 (2) (h), 71.42 (2) (i), 71.42 (2) (j), 71.42
11(2) (k), 71.42 (2) (L), 71.42 (2) (m), 71.42 (2) (n) and 71.45 (2) (a) 13.; and
to
12create 71.01 (6) (p), 71.22 (4) (p), 71.22 (4m) (n), 71.26 (2) (b) 16., 71.34 (1g) (p)
1and 71.42 (2) (o) of the statutes;
relating to: references to the Internal Revenue
2Code for income and franchise tax purposes.
Analysis by the Legislative Reference Bureau
This bill adopts, for income tax and franchise tax purposes, the changes to the
federal Internal Revenue Code made by Public Laws 106-200; 106-230; 106-554,
excluding sections related to environmental remediation costs and corporate
donations to computer technology; and 106-573.
This bill will be referred to the joint survey committee on tax exemptions for a
detailed analysis, which will be printed as an appendix to this bill.
For further information see the state fiscal estimate, which will be printed as
an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB506, s. 1
3Section
1. 71.01 (6) (g) of the statutes is repealed.
AB506, s. 2
4Section
2. 71.01 (6) (h) of the statutes is amended to read:
AB506,3,145
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,
9104
, and 110 of P.L.
102-227, and as amended by P.L.
103-66, excluding sections
1013101 (a) and (c) 1, 13113, 13150, 13171, 13174
, and 13203 of P.L.
103-66, P.L.
11103-465, P.L.
104-188, excluding section 1311 of P.L.
104-188, P.L.
105-34, P.L.
12105-206 and, P.L.
105-277,
and P.L. 106-554, excluding sections 162 and 165 of P.L.
13106-554, and as indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
14101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-280, P.L.
101-508, P.L.
15102-90, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
16102-318, P.L.
102-486, P.L.
103-66, excluding sections 13101 (a) and (c) 1, 13113,
113150, 13171, 13174
, and 13203 of P.L.
103-66, P.L.
104-188, excluding section 1311
2of P.L.
104-188, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554,
3excluding sections 162 and 165 of P.L. 106-554. 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, 1992, do not apply to this
6paragraph with respect to taxable years beginning after December 31, 1992, and
7before January 1, 1994, except that changes to the Internal Revenue Code made by
8P.L.
103-66, P.L.
103-465, P.L.
104-188, excluding section 1311 of P.L.
104-188, P.L.
9105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162
10and 165 of P.L. 106-554, and changes that indirectly affect the provisions applicable
11to this subchapter made by P.L.
103-66, P.L.
103-465, P.L.
104-188, excluding
12section 1311 of P.L.
104-188, P.L.
105-34, P.L.
105-206 and
, P.L.
105-277,
and P.L.
13106-554 excluding sections 162 and 165 of P.L. 106-554, apply for Wisconsin
14purposes at the same time as for federal purposes.
AB506, s. 3
15Section
3. 71.01 (6) (i) of the statutes is amended to read:
AB506,4,2116
71.01
(6) (i) For taxable years that begin after December 31, 1993, and before
17January 1, 1995, for natural persons and fiduciaries, except fiduciaries of nuclear
18decommissioning trust or reserve funds, "Internal Revenue Code" means the federal
19Internal Revenue Code as amended to December 31, 1993, excluding sections 103,
20104
, and 110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d), 13174, 13203
21(d)
, and 13215 of P.L.
103-66 and as amended by P.L.
103-296, P.L.
103-337, P.L.
22103-465, P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
104-188, excluding
23section 1311 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206 24and, P.L.
105-277,
and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554,
25and as indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73,
1P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-280, P.L.
101-508, P.L.
102-90,
2P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
3102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, 13203
4(d)
, and 13215 of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7,
5excluding section 1 of P.L.
104-7, P.L.
104-188, excluding section 1311 of P.L.
6104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206 and, P.L.
105-277,
7and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554. The Internal
8Revenue Code applies for Wisconsin purposes at the same time as for federal
9purposes. Amendments to the federal Internal Revenue Code enacted after
10December 31, 1993, do not apply to this paragraph with respect to taxable years
11beginning after December 31, 1993, and before January 1, 1995, except that
12changes to the Internal Revenue Code made by P.L.
103-296, P.L.
103-337, P.L.
13103-465, P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
104-188, excluding
14section 1311 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206 15and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554,
16and changes that indirectly affect the provisions applicable to this subchapter made
17by P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, excluding section 1 of P.L.
18104-7, P.L.
104-188, excluding section 1311 of P.L.
104-188, P.L.
104-191, P.L.
19104-193, P.L.
105-34, P.L.
105-206 and, P.L.
105-277,
and P.L. 106-554, excluding
20sections 162 and 165 of P.L. 106-554, apply for Wisconsin purposes at the same time
21as for federal purposes.
AB506, s. 4
22Section
4. 71.01 (6) (j) of the statutes is amended to read:
AB506,6,223
71.01
(6) (j) For taxable years that begin after December 31, 1994, and before
24January 1, 1996, for natural persons and fiduciaries, except fiduciaries of nuclear
25decommissioning trust or reserve funds, "Internal Revenue Code" means the federal
1Internal Revenue Code as amended to December 31, 1994, excluding sections 103,
2104
, and 110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d), 13174
, and
313203 (d) of P.L.
103-66, and as amended by P.L.
104-7, P.L.
104-117, P.L.
104-188,
4excluding sections 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
5104-193, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding
6sections 162 and 165 of P.L. 106-554, and as indirectly affected by P.L.
99-514, P.L.
7100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
8101-280, P.L.
101-508, P.L.
102-90, P.L.
102-227, excluding sections 103, 104
, and
9110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
1013113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
11103-337, P.L.
103-465, P.L.
104-7, P.L.
104-117, P.L.
104-188, excluding sections
121202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34,
13P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165
14of P.L. 106-554. The Internal Revenue Code applies for Wisconsin purposes at the
15same time as for federal purposes. Amendments to the federal Internal Revenue
16Code enacted after December 31, 1994, do not apply to this paragraph with respect
17to taxable years beginning after December 31, 1994, and before January 1, 1996,
18except that changes to the Internal Revenue Code made by P.L.
104-7, P.L.
104-117,
19P.L.
104-188, excluding sections 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
20104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L.
21106-554, excluding sections 162 and 165 of P.L. 106-554, and changes that indirectly
22affect the provisions applicable to this subchapter made by P.L.
104-7, P.L.
104-117,
23P.L.
104-188, excluding sections 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
24104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206 and, P.L.
105-277,
and P.L.
1106-554, excluding sections 162 and 165 of P.L. 106-554, apply for Wisconsin
2purposes at the same time as for federal purposes.
AB506, s. 5
3Section
5. 71.01 (6) (k) of the statutes is amended to read:
AB506,7,84
71.01
(6) (k) For taxable years that begin after December 31, 1995, and before
5January 1, 1997, for natural persons and fiduciaries, except fiduciaries of nuclear
6decommissioning trust or reserve funds, "Internal Revenue Code" means the federal
7Internal Revenue Code as amended to December 31, 1995, excluding sections 103,
8104
, and 110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d), 13174
, and
913203 (d) of P.L.
103-66, and as amended by P.L.
104-117, P.L.
104-188, excluding
10sections 1123, 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
11104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L.
12106-554, excluding sections 162 and 165 of P.L. 106-554, and as indirectly affected
13by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179,
14P.L.
101-239, P.L.
101-280, P.L.
101-508, P.L.
102-90, P.L.
102-227, excluding
15sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66,
16excluding sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66,
17P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-117, P.L.
104-188,
18excluding sections 1123, 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191,
19P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206 and
, P.L.
105-277, and P.L.
20106-554, excluding sections 162 and 165 of P.L. 106-554. The Internal Revenue
21Code applies for Wisconsin purposes at the same time as for federal purposes.
22Amendments to the federal Internal Revenue Code enacted after
23December 31, 1995, do not apply to this paragraph with respect to taxable years
24beginning after December 31, 1995, and before January 1, 1997, except that
25changes to the Internal Revenue Code made by P.L.
104-117, P.L.
104-188, excluding
1sections 1123, 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
2104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L.
3106-554, excluding sections 162 and 165 of P.L. 106-554, and changes that indirectly
4affect the provisions applicable to this subchapter made by P.L.
104-117, P.L.
5104-188, excluding sections 1123, 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
6104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206 and, P.L.
105-277,
7and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, apply for
8Wisconsin purposes at the same time as for federal purposes.
AB506, s. 6
9Section
6. 71.01 (6) (L) of the statutes is amended to read:
AB506,8,1110
71.01
(6) (L) For taxable years that begin after December 31, 1996, and before
11January 1, 1998, 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, 1996, excluding sections 103,
14104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203
15(d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
16104-188, and as amended by P.L.
105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277 17and, P.L.
106-36, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554,
18and as indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73,
19P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-280, P.L.
101-508, P.L.
102-90,
20P.L.
102-227, 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 13113, 13150 (d), 13171 (d), 13174
, and
2213203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
23104-117, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605
24(d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
25105-206, P.L.
105-277 and, P.L.
106-36, and P.L. 106-554, excluding sections 162
1and 165 of P.L. 106-554. The Internal Revenue Code applies for Wisconsin purposes
2at the same time as for federal purposes. Amendments to the federal Internal
3Revenue Code enacted after December 31, 1996, do not apply to this paragraph with
4respect to taxable years beginning after December 31, 1996, and before
5January 1, 1998, except that changes to the Internal Revenue Code made by P.L.
6105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277 and, P.L.
106-36, and P.L. 106-554,
7excluding sections 162 and 165 of P.L. 106-554, and changes that indirectly affect the
8provisions applicable to this subchapter made by P.L.
105-33, P.L.
105-34, P.L.
9105-206, P.L.
105-277 and, P.L.
106-36, and P.L. 106-554, excluding sections 162
10and 165 of P.L. 106-554, apply for Wisconsin purposes at the same time as for federal
11purposes.
AB506, s. 7
12Section
7. 71.01 (6) (m) of the statutes is amended to read:
AB506,9,1513
71.01
(6) (m) For taxable years that begin after December 31, 1997, and before
14January 1, 1999, for natural persons and fiduciaries, except fiduciaries of nuclear
15decommissioning trust or reserve funds, "Internal Revenue Code" means the federal
16Internal Revenue Code as amended to December 31, 1997, excluding sections 103,
17104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203
18(d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
19104-188, and as amended by P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 20and, P.L.
106-170, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and
21P.L. 106-573, and as indirectly affected 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.
101-280, P.L.
101-508,
23P.L.
102-90, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
24102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
2513174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
1104-7, P.L.
104-117, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
21311
, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
3105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170,
4P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573. The
5Internal Revenue Code applies for Wisconsin purposes at the same time as for federal
6purposes. Amendments to the federal Internal Revenue Code enacted after
7December 31, 1997, do not apply to this paragraph with respect to taxable years
8beginning after December 31, 1997, and before January 1, 1999, except that
9changes to the Internal Revenue Code made by P.L.
105-178, P.L.
105-206, P.L.
10105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-554, excluding sections 162 and
11165 of P.L. 106-554, and P.L. 106-573 and changes that indirectly affect the
12provisions applicable to this subchapter made by P.L.
105-178, P.L.
105-206, P.L.
13105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-554, excluding sections 162 and
14165 of P.L. 106-554, and P.L. 106-573 apply for Wisconsin purposes at the same time
15as for federal purposes.
AB506, s. 8
16Section
8. 71.01 (6) (n) of the statutes is amended to read:
AB506,9,2517
71.01
(6) (n) For taxable years that begin after December 31, 1998, and before
18January 1, 2000, for natural persons and fiduciaries, except fiduciaries of nuclear
19decommissioning trust or reserve funds, "Internal Revenue Code" means the federal
20Internal Revenue Code as amended to December 31, 1998, excluding sections 103,
21104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203
22(d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
23104-188, and as amended by P.L.
106-36 and, P.L.
106-170, P.L. 106-230, P.L.
24106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573, and as
25indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
1101-140, P.L.
101-179, P.L.
101-239, P.L.
101-280, P.L.
101-508, P.L.
102-90, P.L.
2102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
3102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174
, and
413203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
5104-117, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605
6(d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
7105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-230,
8P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573. The
9Internal Revenue Code applies for Wisconsin purposes at the same time as for federal
10purposes. Amendments to the federal Internal Revenue Code enacted after
11December 31, 1998, do not apply to this paragraph with respect to taxable years
12beginning after December 31, 1998, and before January 1, 2000, except that
13changes to the Internal Revenue Code made by P.L.
106-36 and, P.L.
106-170, P.L.
14106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
15106-573 and changes that indirectly affect the provisions applicable to this
16subchapter made by P.L.
106-36 and, P.L.
106-170, P.L. 106-230, P.L. 106-554,
17excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573 apply for Wisconsin
18purposes at the same time as for federal purposes.
AB506, s. 9
19Section
9. 71.01 (6) (o) of the statutes is amended to read:
AB506,11,2020
71.01
(6) (o) For taxable years that begin after December 31, 1999,
and before
21January 1, 2001, for natural persons and fiduciaries, except fiduciaries of nuclear
22decommissioning trust or reserve funds, "Internal Revenue Code" means the federal
23Internal Revenue Code as amended to December 31, 1999, excluding sections 103,
24104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203
25(d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
1104-188, and as amended by P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding
2sections 162 and 165 of P.L. 106-554, and P.L. 106-573, and as indirectly affected by
3P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179,
4P.L.
101-239, P.L.
101-280, P.L.
101-508, P.L.
102-90, P.L.
102-227, excluding
5sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66,
6excluding sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66,
7P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-117, P.L.
104-188,
8excluding sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, P.L.
9104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
10105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-200, P.L. 106-230, P.L. 106-554,
11excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573. The Internal
12Revenue Code applies for Wisconsin purposes at the same time as for federal
13purposes. Amendments to the federal Internal Revenue Code enacted after
14December 31, 1999, do not apply to this paragraph with respect to taxable years
15beginning after December 31, 1999
, and before January 1, 2001, except that changes
16to the Internal Revenue Code made by P.L. 106-200, P.L. 106-230, P.L. 106-554,
17excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573 and changes that
18indirectly affect the provisions applicable to this subchapter made by P.L. 106-200,
19P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
20106-573 apply for Wisconsin purposes at the same time as for federal purposes.
AB506, s. 10
21Section
10. 71.01 (6) (p) of the statutes is created to read:
AB506,12,1522
71.01
(6) (p) For taxable years that begin after December 31, 2000, for natural
23persons and fiduciaries, except fiduciaries of nuclear decommissioning trust or
24reserve funds, "Internal Revenue Code" means the federal Internal Revenue Code
25as amended to December 31, 2000, excluding sections 103, 104, and 110 of P.L.
1102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66,
2sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
106-519,
3and sections 162 and 165 of P.L.
106-554, and as indirectly affected by P.L.
99-514,
4P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239,
5P.L.
101-280, P.L.
101-508, P.L.
102-90, P.L.
102-227, excluding sections 103, 104,
6and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
713113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
8103-337, P.L.
103-465, P.L.
104-7, P.L.
104-117, P.L.
104-188, excluding sections
91123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
10104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
11106-36, P.L.
106-170, P.L.
106-200, P.L.
106-230, P.L.
106-554, excluding sections
12162 and 165 of P.L.
106-554, and P.L.
106-573. The Internal Revenue Code applies
13for Wisconsin purposes at the same time as for federal purposes. Amendments to the
14federal Internal Revenue Code enacted after December 31, 2000, do not apply to this
15paragraph with respect to taxable years beginning after December 31, 2000.
AB506, s. 11
16Section
11. 71.01 (7r) of the statutes is amended to read:
AB506,12,2417
71.01
(7r) Notwithstanding sub. (6), for purposes of computing amortization
18or depreciation, "Internal Revenue Code" means either the federal Internal Revenue
19Code as amended to December 31,
1999 2000, or the federal Internal Revenue Code
20in effect for the taxable year for which the return is filed, except that property that,
21under s. 71.02 (2) (d) 12., 1985 stats., is required to be depreciated for taxable year
221986 under the Internal Revenue Code as amended to December 31, 1980, shall
23continue to be depreciated under the Internal Revenue Code as amended to
24December 31, 1980.
AB506, s. 12
25Section
12. 71.22 (4) (g) of the statutes is repealed.
AB506, s. 13
1Section
13. 71.22 (4) (h) of the statutes is amended to read:
AB506,14,42
71.22
(4) (h) Except as provided in sub. (4m) and ss. 71.26 (2) (b) and (3), 71.34
3(1g) and 71.42 (2), "Internal Revenue Code", for taxable years that begin after
4December 31, 1992, and before January 1, 1994, means the federal Internal
5Revenue Code as amended to December 31, 1992, excluding sections 103, 104
, and
6110 of P.L.
102-227, and as amended by P.L.
103-66, excluding sections 13101 (a) and
7(c) 1, 13113, 13150, 13171, 13174
, and 13203 of P.L.
103-66, P.L.
103-465, P.L.
8104-188, excluding section 1311 of P.L.
104-188, P.L.
105-34, P.L.
105-206 and, P.L.
9105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and as
10indirectly affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
11100-203, P.L.
100-647 excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821
12(b) (2)
, and 823 (c) (2) of P.L.
99-514 and section 1008 (g) (5) of P.L.
100-647, P.L.
13101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
14excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
15103-66, excluding sections 13101 (a) and (c) 1, 13113, 13150, 13171, 13174
, and
1613203 of P.L.
103-66, P.L.
103-465, P.L.
104-188, excluding section 1311 of P.L.
17104-188, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding
18sections 162 and 165 of P.L. 106-554. The Internal Revenue Code applies for
19Wisconsin purposes at the same time as for federal purposes. Amendments to the
20federal Internal Revenue Code enacted after December 31, 1992, do not apply to this
21paragraph with respect to taxable years beginning after December 31, 1992, and
22before January 1, 1994, except that changes to the Internal Revenue Code made by
23P.L.
103-66, P.L.
103-465, P.L.
104-188, excluding section 1311 of P.L.
104-188, P.L.
24105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162
25and 165 of P.L. 106-554, and changes that indirectly affect the provisions applicable
1to this subchapter made by P.L.
103-66, P.L.
103-465., P.L.
104-188, excluding
2section 1311 of P.L.
104-188, P.L.
105-34, P.L.
105-206 and
, P.L.
105-277,
and P.L.
3106-554, excluding sections 162 and 165 of P.L. 106-554, apply for Wisconsin
4purposes at the same time as for federal purposes.
AB506, s. 14
5Section
14. 71.22 (4) (i) of the statutes is amended to read:
AB506,15,136
71.22
(4) (i) Except as provided in sub. (4m) and ss. 71.26 (2) (b) and (3), 71.34
7(1g) and 71.42 (2), "Internal Revenue Code", for taxable years that begin after
8December 31, 1993, and before January 1, 1995, means the federal Internal
9Revenue Code as amended to December 31, 1993, excluding sections 103, 104
, and
10110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d)
, and
1113215 of P.L.
103-66, and as amended by P.L.
103-296, P.L.
103-337, P.L.
103-465,
12P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
104-188, excluding section 1311
13of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206
and, P.L.
14105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and as
15indirectly affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
16100-203, P.L.
100-647 excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821
17(b) (2)
, and 823 (c) (2) of P.L.
99-514 and section 1008 (g) (5) of P.L.
100-647, P.L.
18101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
19excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
20103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d)
, and 13215
21of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, excluding
22section 1 of P.L.
104-7, P.L.
104-188, excluding section 1311 of P.L.
104-188, P.L.
23104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L.
24106-554, excluding sections 162 and 165 of P.L. 106-554. The Internal Revenue
25Code applies for Wisconsin purposes at the same time as for federal purposes.
1Amendments to the federal Internal Revenue Code enacted after
2December 31, 1993, do not apply to this paragraph with respect to taxable years
3beginning after December 31, 1993, and before January 1, 1995, except that
4changes to the Internal Revenue Code made by P.L.
103-296, P.L.
103-337, P.L.
5103-465, P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
104-188, excluding
6section 1311 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206 7and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, 8and changes that indirectly affect the provisions applicable to this subchapter made
9by P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, excluding section 1 of P.L.
10104-7, P.L.
104-188, excluding section 1311 of P.L.
104-188, P.L.
104-191, P.L.
11104-193, P.L.
105-34, P.L.
105-206 and, P.L.
105-277,
and P.L. 106-554, excluding
12sections 162 and 165 of P.L. 106-554, apply for Wisconsin purposes at the same time
13as for federal purposes.
AB506, s. 15
14Section
15. 71.22 (4) (j) of the statutes is amended to read:
AB506,16,1915
71.22
(4) (j) Except as provided in sub. (4m) and ss. 71.26 (2) (b) and (3), 71.34
16(1g) and 71.42 (2), "Internal Revenue Code", for taxable years that begin after
17December 31, 1994, and before January 1, 1996, means the federal Internal
18Revenue Code as amended to December 31, 1994, excluding sections 103, 104
, and
19110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d)
20of P.L.
103-66, and as amended by P.L.
104-7, P.L.
104-188, excluding sections 1202,
211204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
22105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L.
23106-554, and as indirectly affected in the provisions applicable to this subchapter
24by P.L.
99-514, P.L.
100-203, P.L.
100-647 excluding sections 803 (d) (2) (B), 805 (d)
25(2), 812 (c) (2), 821 (b) (2)
, and 823 (c) (2) of P.L.
99-514 and section 1008 (g) (5) of P.L.
1100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
2102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
3102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174
, and
413203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
5104-188, excluding sections 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
6104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L.
7106-554, excluding sections 162 and 165 of P.L. 106-554. The Internal Revenue
8Code applies for Wisconsin purposes at the same time as for federal purposes.
9Amendments to the federal Internal Revenue Code enacted after
10December 31, 1994, do not apply to this paragraph with respect to taxable years
11beginning after December 31, 1994, and before January 1, 1996, except that
12changes to the Internal Revenue Code made by P.L.
104-7, P.L.
104-188, excluding
13sections 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
14105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162
15and 165 of P.L. 106-554, and changes that indirectly affect the provisions applicable
16to this subchapter made by P.L.
104-7, P.L.
104-188, excluding sections 1202, 1204,
171311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
18105-206 and, P.L.
105-277,
and P.L. 106-554, excluding sections 162 and 165 of P.L.
19106-554, apply for Wisconsin purposes at the same time as for federal purposes.
AB506, s. 16
20Section
16. 71.22 (4) (k) of the statutes is amended to read:
AB506,18,221
71.22
(4) (k) Except as provided in sub. (4m) and ss. 71.26 (2) (b) and (3), 71.34
22(1g) and 71.42 (2), "Internal Revenue Code", for taxable years that begin after
23December 31, 1995, and before January 1, 1997, means the federal Internal
24Revenue Code as amended to December 31, 1995, excluding sections 103, 104
, and
25110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d)
1of P.L.
103-66, and as amended by P.L.
104-188, excluding sections 1123, 1202, 1204,
21311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34,
3P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165
4of P.L. 106-554, and as indirectly affected in the provisions applicable to this
5subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647 excluding sections 803 (d) (2)
6(B), 805 (d) (2), 812 (c) (2), 821 (b) (2)
, and 823 (c) (2) of P.L.
99-514 and section 1008
7(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.
8101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
9102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
1013174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
11104-7, P.L.
104-188, excluding sections 1123, 1202, 1204, 1311
, and 1605 of P.L.
12104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206 and, 13P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554. The
14Internal Revenue Code applies for Wisconsin purposes at the same time as for federal
15purposes. Amendments to the federal Internal Revenue Code enacted after
16December 31, 1995, do not apply to this paragraph with respect to taxable years
17beginning after December 31, 1995, and before January 1, 1997, except that
18changes to the Internal Revenue Code made by P.L.
104-188, excluding sections
191123, 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
20105-33, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding
21sections 162 and 165 of P.L. 106-554, and changes that indirectly affect the
22provisions applicable to this subchapter made by P.L.
104-188, excluding sections
231123, 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
24105-33, P.L.
105-34, P.L.
105-206 and, P.L.
105-277,
and P.L. 106-554, excluding
1sections 162 and 165 of P.L. 106-554, apply for Wisconsin purposes at the same time
2as for federal purposes.
AB506, s. 17
3Section
17. 71.22 (4) (L) of the statutes is amended to read:
AB506,19,64
71.22
(4) (L) Except as provided in sub. (4m) and ss. 71.26 (2) (b) and (3), 71.34
5(1g) and 71.42 (2), "Internal Revenue Code", for taxable years that begin after
6December 31, 1996, and before January 1, 1998, means the federal Internal
7Revenue Code as amended to December 31, 1996, excluding sections 103, 104
, and
8110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
9103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188,
10and as amended by P.L.
105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277
and, P.L.
11106-36, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and as
12indirectly affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
13100-203, P.L.
100-647 excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821
14(b) (2)
, and 823 (c) (2) of P.L.
99-514 and section 1008 (g) (5) of P.L.
100-647, P.L.
15101-73, 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, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277 and, 21P.L.
106-36, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554. 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, 1996, do not apply to this paragraph with respect to taxable years
25beginning after December 31, 1996, and before January 1, 1998, except that
1changes to the Internal Revenue Code made by P.L.
105-33, P.L.
105-34, P.L.
2105-206, P.L.
105-277 and, P.L.
106-36, and P.L. 106-554, excluding sections 162
3and 165 of P.L. 106-554, and changes that indirectly affect the provisions applicable
4to this subchapter made by P.L.
105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277 and, 5P.L.
106-36, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, apply
6for Wisconsin purposes at the same time as for federal purposes.
AB506, s. 18
7Section
18. 71.22 (4) (m) of the statutes is amended to read:
AB506,20,118
71.22
(4) (m) 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, 1997, and before January 1, 1999, means the federal Internal
11Revenue Code as amended to December 31, 1997, excluding sections 103, 104
, and
12110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
13103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188,
14and as amended by P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36
and, P.L.
15106-170, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
16106-573, 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, 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 13113, 13150 (d), 13171 (d), 13174
, and
2213203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
23104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
24104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
25105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-554, excluding
1sections 162 and 165 of P.L. 106-554, and P.L. 106-573. The Internal Revenue Code
2applies for Wisconsin purposes at the same time as for federal purposes.
3Amendments to the federal Internal Revenue Code enacted after December 31, 1997,
4do not apply to this paragraph with respect to taxable years beginning after
5December 31, 1997, and before January 1, 1999, except that changes to the Internal
6Revenue Code made by P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, 7P.L.
106-170, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
8106-573 and changes that indirectly affect the provisions applicable to this
9subchapter made by P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
10106-170, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
11106-573 apply for Wisconsin purposes at the same time as for federal purposes.
AB506, s. 19
12Section
19. 71.22 (4) (n) of the statutes is amended to read:
AB506,21,1513
71.22
(4) (n) 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, 1998, and before January 1, 2000, means the federal Internal
16Revenue Code as amended to December 31, 1998, excluding sections 103, 104
, and
17110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
18103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188,
19and as amended by P.L.
106-36 and, P.L.
106-170, P.L. 106-230, P.L. 106-554,
20excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573, and as indirectly
21affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203,
22P.L.
100-647 excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2)
, and
23823 (c) (2) of P.L.
99-514 and section 1008 (g) (5) of P.L.
100-647, P.L.
101-73, P.L.
24101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections
25103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding
1sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
2103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections
31123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
4104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
5106-36 and, P.L.
106-170, P.L. 106-230, P.L. 106-554, excluding sections 162 and
6165 of P.L. 106-554, and P.L. 106-573. The Internal Revenue Code applies for
7Wisconsin purposes at the same time as for federal purposes. Amendments to the
8federal Internal Revenue Code enacted after December 31, 1998, do not apply to this
9paragraph with respect to taxable years beginning after December 31, 1998, and
10before January 1, 2000, except that changes to the Internal Revenue Code made by
11P.L.
106-36 and, P.L.
106-170, P.L. 106-230, P.L. 106-554, excluding sections 162
12and 165 of P.L. 106-554, and P.L. 106-573 and changes that indirectly affect the
13provisions applicable to this subchapter made by P.L.
106-36 and, P.L.
106-170, P.L.
14106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
15106-573 apply for Wisconsin purposes at the same time as for federal purposes.
AB506, s. 20
16Section
20. 71.22 (4) (o) of the statutes is amended to read:
AB506,22,1917
71.22
(4) (o) Except as provided in sub. (4m) and ss. 71.26 (2) (b) and (3), 71.34
18(1g) and 71.42 (2), "Internal Revenue Code", for taxable years that begin after
19December 31, 1999,
and before January 1, 2001, means the federal Internal Revenue
20Code as amended to December 31, 1999, 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 22and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, and as
23amended by P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding sections 162 and
24165 of P.L. 106-554, and P.L. 106-573, and as indirectly affected in the provisions
25applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647 excluding
1sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2)
, and 823 (c) (2) of P.L.
99-514 2and section 1008 (g) (5) of P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
3101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
4102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
5(d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
6103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
71311
, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
8105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170,
9P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L.
10106-554, and P.L. 106-573. The Internal Revenue Code applies for Wisconsin
11purposes at the same time as for federal purposes. Amendments to the federal
12Internal Revenue Code enacted after December 31, 1999, do not apply to this
13paragraph with respect to taxable years beginning after December 31, 1999
, and
14before January 1, 2001, except that changes to the Internal Revenue Code made by
15P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L.
16106-554, and P.L. 106-573 and changes that indirectly affect the provisions
17applicable to this subchapter made by P.L. 106-200, P.L. 106-230, P.L. 106-554,
18excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573 apply for Wisconsin
19purposes at the same time as for federal purposes.
AB506, s. 21
20Section
21. 71.22 (4) (p) of the statutes is created to read:
AB506,23,1621
71.22
(4) (p) Except as provided in sub. (4m) and ss. 71.26 (2) (b) and (3), 71.34
22(1g), and 71.42 (2), "Internal Revenue Code," for taxable years that begin after
23December 31, 2000, means the federal Internal Revenue Code as amended to
24December 31, 2000, excluding sections 103, 104, and 110 of P.L.
102-227, sections
2513113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, sections 1123 (b),
11202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
106-519, and sections 162
2and 165 of P.L.
106-554, 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 (b), 1202 (c), 1204 (f), 1311, and 1605
10(d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
11105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
106-200, P.L.
12106-230, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554, and P.L.
13106-573. The Internal Revenue Code applies for Wisconsin purposes at the same
14time as for federal purposes. Amendments to the federal Internal Revenue Code
15enacted after December 31, 2000, do not apply to this paragraph with respect to
16taxable years beginning after December 31, 2000.
AB506, s. 22
17Section
22. 71.22 (4m) (e) of the statutes is repealed.
AB506, s. 23
18Section
23. 71.22 (4m) (f) of the statutes is amended to read:
AB506,24,2019
71.22
(4m) (f) For taxable years that begin after December 31, 1992, and before
20January 1, 1994, "Internal Revenue Code", for corporations that are subject to a tax
21on unrelated business income under s. 71.26 (1) (a), means the federal Internal
22Revenue Code as amended to December 31, 1992, excluding sections 103, 104
, and
23110 of P.L.
102-227, and as amended by P.L.
103-66, excluding sections 13101 (a) and
24(c) 1, 13113, 13150, 13171, 13174
, and 13203 of P.L.
103-66, P.L.
103-465, P.L.
25104-188, excluding section 1311 of P.L.
104-188, P.L.
105-34, P.L.
105-206 and, P.L.
1105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and as
2indirectly affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
3100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
4101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
5102-318, P.L.
102-486, P.L.
103-66, excluding sections 13101 (a) and (c) 1, 13113,
613150, 13171, 13174
, and 13203 of P.L.
103-66, P.L.
103-465, P.L.
104-188,
7excluding section 1311 of P.L.
104-188, P.L.
105-34, P.L.
105-206
and, P.L.
105-277,
8and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554. The Internal
9Revenue Code applies for Wisconsin purposes at the same time as for federal
10purposes. Amendments to the Internal Revenue Code enacted after
11December 31, 1992, do not apply to this paragraph with respect to taxable years
12beginning after December 31, 1992, and before January 1, 1994, except that
13changes to the Internal Revenue Code made by P.L.
103-66, P.L.
103-465, P.L.
14104-188, excluding section 1311 of P.L.
104-188, P.L.
105-34, P.L.
105-206 and, P.L.
15105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and
16changes that indirectly affect the provisions applicable to this subchapter made by
17P.L.
103-66, P.L.
103-465, P.L.
104-188, excluding section 1311 of P.L.
104-188, P.L.
18105-34, P.L.
105-206 and, P.L.
105-277,
and P.L. 106-554, excluding sections 162
19and 165 of P.L. 106-554, apply for Wisconsin purposes at the same time as for federal
20purposes.
AB506, s. 24
21Section
24. 71.22 (4m) (g) of the statutes is amended to read:
AB506,26,222
71.22
(4m) (g) For taxable years that begin after December 31, 1993, and
23before January 1, 1995, "Internal Revenue Code", for corporations that are subject
24to a tax on unrelated business income under s. 71.26 (1) (a), means the federal
25Internal Revenue Code as amended to December 31, 1993, excluding sections 103,
1104
, and 110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d), 13174, 13203
2(d)
, and 13215 of P.L.
103-66, and as amended by P.L.
103-296, P.L.
103-337, P.L.
3103-465, P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
104-188, excluding
4section 1311 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206 5and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554,
6and as indirectly affected in the provisions applicable to this subchapter by P.L.
799-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
8101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
9102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
10(d), 13171 (d), 13174, 13203 (d)
, and 13215 of P.L.
103-66, P.L.
103-296, P.L.
103-337,
11P.L.
103-465, 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, P.L.
104-193, P.L.
105-34, P.L.
105-206 13and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554.
14The Internal Revenue Code applies for Wisconsin purposes at the same time as for
15federal purposes. Amendments to the Internal Revenue Code enacted after
16December 31, 1993, do not apply to this paragraph with respect to taxable years
17beginning after December 31, 1993, and before January 1, 1995, except that
18changes to the Internal Revenue Code made by P.L.
103-296, P.L.
103-337, P.L.
19103-465, P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
104-188, excluding
20section 1311 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206 21and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, 22and changes that indirectly affect the provisions applicable to this subchapter made
23by P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, excluding section 1 of P.L.
24104-7, P.L.
104-188, excluding section 1311 of P.L.
104-188, P.L.
104-191, P.L.
25104-193, P.L.
105-34, P.L.
105-206 and, P.L.
105-277,
and P.L. 106-554, excluding
1sections 162 and 165 of P.L. 106-554, apply for Wisconsin purposes at the same time
2as for federal purposes.
AB506, s. 25
3Section
25. 71.22 (4m) (h) of the statutes is amended to read:
AB506,27,64
71.22
(4m) (h) For taxable years that begin after December 31, 1994, and
5before January 1, 1996, "Internal Revenue Code", for corporations that are subject
6to a tax on unrelated business income under s. 71.26 (1) (a), means the federal
7Internal Revenue Code as amended to December 31, 1994, excluding sections 103,
8104
, and 110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d), 13174
, and
913203 (d) of P.L.
103-66, and as amended by P.L.
104-7, P.L.
104-188, excluding
10sections 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
11105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162
12and 165 of P.L. 106-554, and as indirectly affected in the provisions applicable to this
13subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
14P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, 15and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
1613113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
17103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1202, 1204,
181311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
19105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L.
20106-554. The Internal Revenue Code applies for Wisconsin purposes at the same
21time as for federal purposes. Amendments to the Internal Revenue Code enacted
22after December 31, 1994, do not apply to this paragraph with respect to taxable years
23beginning after December 31, 1994, and before January 1, 1996, except that
24changes to the Internal Revenue Code made by P.L.
104-7, P.L.
104-188, excluding
25sections 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
1105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162
2and 165 of P.L. 106-554, and changes that indirectly affect the provisions applicable
3to this subchapter made by P.L.
104-7, P.L.
104-188, excluding sections 1202, 1204,
41311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
5105-206 and, P.L.
105-277,
and P.L. 106-554, excluding sections 162 and 165 of P.L.
6106-554, apply for Wisconsin purposes at the same time as for federal purposes.
AB506, s. 26
7Section
26. 71.22 (4m) (i) of the statutes is amended to read:
AB506,28,118
71.22
(4m) (i) For taxable years that begin after December 31, 1995, and before
9January 1, 1997, "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, 1995, excluding sections 103, 104
, and
12110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d)
13of P.L.
103-66, and as amended by P.L.
104-188, excluding sections 1123, 1202, 1204,
141311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34,
15P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165
16of P.L. 106-554, and as indirectly affected in the provisions applicable to this
17subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
18P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, 19and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
2013113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
21103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123, 1202,
221204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, PL.
105-33, P.L.
23105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162
24and 165 of P.L. 106-554. The Internal Revenue Code applies for Wisconsin purposes
25at the same time as for federal purposes. Amendments to the 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.
104-188, excluding
4sections 1123, 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
5104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L.
6106-554, excluding sections 162 and 165 of P.L. 106-554, and changes that indirectly
7affect the provisions applicable to this subchapter made by P.L.
104-188, excluding
8sections 1123, 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
9104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206 and, P.L.
105-277,
and P.L.
10106-554, excluding sections 162 and 165 of P.L. 106-554, apply for Wisconsin
11purposes at the same time as for federal purposes.
AB506, s. 27
12Section
27. 71.22 (4m) (j) of the statutes is amended to read:
AB506,29,1313
71.22
(4m) (j) For taxable years that begin after December 31, 1996, and before
14January 1, 1998, "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, 1996, excluding sections 103, 104
, and
17110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
18103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188 19and as amended by P.L.
105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277
and, P.L.
20106-36, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and as
21indirectly affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
22100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
23101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
24102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
2513174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
1104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d)
2of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206,
3P.L.
105-277 and, P.L.
106-36, and P.L. 106-554, excluding sections 162 and 165 of
4P.L. 106-554. The Internal Revenue Code applies for Wisconsin purposes at the
5same time as for federal purposes. Amendments to the Internal Revenue Code
6enacted after December 31, 1996, do not apply to this paragraph with respect to
7taxable years beginning after December 31, 1996, and before January 1, 1998,
8except that changes to the Internal Revenue Code made by P.L.
105-33, P.L.
105-34,
9P.L.
105-206, P.L.
105-277 and, P.L.
106-36, and P.L. 106-554, excluding sections
10162 and 165 of P.L. 106-554, and changes that indirectly affect provisions applicable
11to this subchapter made by P.L.
105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277 and, 12P.L.
106-36,
and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, apply
13for Wisconsin purposes at the same time as for federal purposes.
AB506, s. 28
14Section
28. 71.22 (4m) (k) of the statutes is amended to read:
AB506,30,1715
71.22
(4m) (k) For taxable years that begin after December 31, 1997, and
16before January 1, 1999, "Internal Revenue Code", for corporations that are subject
17to a tax on unrelated business income under s. 71.26 (1) (a), means the federal
18Internal Revenue Code as amended to December 31, 1997, excluding sections 103,
19104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203
20(d) of P.L.
103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
21104-188, and as amended by P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 22and, P.L.
106-170, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and
23P.L. 106-573, and as indirectly affected in the provisions applicable to this
24subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
25P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
,
1and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
213113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
3103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202
4(c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
5105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
6106-170, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
7106-573. The Internal Revenue Code applies for Wisconsin purposes at the same
8time as for federal purposes. Amendments to the Internal Revenue Code enacted
9after December 31, 1997, do not apply to this paragraph with respect to taxable years
10beginning after December 31, 1997, and before January 1, 1999, except that
11changes to the Internal Revenue Code made by P.L.
105-178, P.L.
105-206, P.L.
12105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-554, excluding sections 162 and
13165 of P.L. 106-554, and P.L. 106-573 and changes that indirectly affect the
14provisions applicable to this subchapter made by P.L.
105-178, P.L.
105-206, P.L.
15105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-554, excluding sections 162 and
16165 of P.L. 106-554, and P.L. 106-573 apply for Wisconsin purposes at the same time
17as for federal purposes.
AB506, s. 29
18Section
29. 71.22 (4m) (L) of the statutes is amended to read:
AB506,31,2019
71.22
(4m) (L) For taxable years that begin after December 31, 1998, and
20before January 1, 2000, "Internal Revenue Code", for corporations that are subject
21to a tax on unrelated business income under s. 71.26 (1) (a), means the federal
22Internal Revenue Code as amended to December 31, 1998, excluding sections 103,
23104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203
24(d) of P.L.
103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
25104-188, and as amended by P.L.
106-36 and, P.L.
106-170, P.L. 106-230, P.L.
1106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573, and as
2indirectly affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
3100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
4101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
5102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
613174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
7104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605
8(d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
9105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-230,
10P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573. The
11Internal Revenue Code applies for Wisconsin purposes at the same time as for federal
12purposes. Amendments to the Internal Revenue Code enacted after December 31,
131998, do not apply to this paragraph with respect to taxable years beginning after
14December 31, 1998, and before January 1, 2000, except that changes to the Internal
15Revenue Code made by P.L.
106-36 and, P.L.
106-170, P.L. 106-230, P.L. 106-554,
16excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573 and changes that
17indirectly affect the provisions applicable to this subchapter made by P.L.
106-36 18and, P.L.
106-170, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L.
19106-554, and P.L. 106-573 apply for Wisconsin purposes at the same time as for
20federal purposes.
AB506, s. 30
21Section
30. 71.22 (4m) (m) of the statutes is amended to read:
AB506,32,2222
71.22
(4m) (m) For taxable years that begin after December 31, 1999,
and
23before January 1, 2001, "Internal Revenue Code", for corporations that are subject
24to a tax on unrelated business income under s. 71.26 (1) (a), means the federal
25Internal Revenue Code as amended to December 31, 1999, excluding sections 103,
1104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203
2(d) of P.L.
103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
3104-188, and as amended by P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding
4sections 162 and 165 of P.L. 106-554, and P.L. 106-573, and as indirectly affected in
5the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
6100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
7102-227, 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, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
12105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-200, P.L. 106-230,
13P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573. The
14Internal Revenue Code applies for Wisconsin purposes at the same time as for federal
15purposes. Amendments to the Internal Revenue Code enacted after December 31,
161999, do not apply to this paragraph with respect to taxable years beginning after
17December 31, 1999
, and before January 1, 2001, except that changes to the Internal
18Revenue Code made by P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding sections
19162 and 165 of P.L. 106-554, and P.L. 106-573 and changes that indirectly affect the
20provisions applicable to this subchapter made by P.L. 106-200, P.L. 106-230, P.L.
21106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573 apply for
22Wisconsin purposes at the same time as for federal purposes.
AB506, s. 31
23Section
31. 71.22 (4m) (n) of the statutes is created to read:
AB506,33,1724
71.22
(4m) (n) For taxable years that begin after December 31, 2000, "Internal
25Revenue Code," for corporations that are subject to a tax on unrelated business
1income under s. 71.26 (1) (a), means the federal Internal Revenue Code as amended
2to December 31, 2000, excluding sections 103, 104, and 110 of P.L.
102-227, sections
313113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, sections 1123 (b),
41202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
106-519, and sections 162
5and 165 of P.L.
106-554, and as indirectly affected in the provisions applicable to this
6subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
7P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104,
8and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
913113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
10103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202
11(c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
12105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
13106-170, P.L.
106-200, P.L.
106-230, P.L.
106-554, excluding sections 162 and 165
14of P.L.
106-554, and P.L.
106-573. The Internal Revenue Code applies for Wisconsin
15purposes at the same time as for federal purposes. Amendments to the Internal
16Revenue Code enacted after December 31, 2000, do not apply to this paragraph with
17respect to taxable years beginning after December 31, 2000.
AB506, s. 32
18Section
32. 71.26 (2) (b) 7. of the statutes is repealed.
AB506, s. 33
19Section
33. 71.26 (2) (b) 8. of the statutes is amended to read:
AB506,36,520
71.26
(2) (b) 8. For taxable years that begin after December 31, 1992, and
21before January 1, 1994, for a corporation, conduit or common law trust which
22qualifies as a regulated investment company, real estate mortgage investment
23conduit or real estate investment trust under the Internal Revenue Code as amended
24to December 31, 1992, excluding sections 103, 104
, and 110 of P.L.
102-227, and as
25amended by P.L.
103-66, excluding sections 13101 (a) and (c) 1., 13113, 13150, 13171,
113174
, and 13203 of P.L.
103-66, P.L.
103-465, P.L.
104-188, excluding section 1311
2of P.L.
104-188, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554,
3excluding sections 162 and 165 of P.L. 106-554, and as indirectly affected in the
4provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647,
5P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
6excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
7103-66, excluding sections 13101 (a) and (c) 1, 13113, 13150, 13171, 13174
, and
813203 of P.L.
103-66, P.L.
103-465, P.L.
104-188, excluding section 1311 of P.L.
9104-188, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding
10sections 162 and 165 of P.L. 106-554, "net income" means the federal regulated
11investment company taxable income, federal real estate mortgage investment
12conduit taxable income or federal real estate investment trust taxable income of the
13corporation, conduit or trust as determined under the Internal Revenue Code as
14amended to December 31, 1992, excluding sections 103, 104
, and 110 of P.L.
102-227,
15and as amended by P.L.
103-66, excluding sections 13101 (a) and (c) 1, 13113, 13150,
1613171, 13174
, and 13203 of P.L.
103-66, P.L.
103-465, P.L.
104-188, excluding
17section 1311 of P.L.
104-188, P.L.
105-34, P.L.
105-206 and
, P.L.
105-277, and P.L.
18106-554, excluding sections 162 and 165 of P.L. 106-554, and as indirectly affected
19in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
20100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
21102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
22102-486, P.L.
103-66, excluding sections 13101 (a) and (c) 1., 13113, 13150, 13171,
2313174
, and 13203 of P.L.
103-66, P.L.
103-465, P.L.
104-188, excluding section 1311
24of P.L.
104-188, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554,
25excluding sections 162 and 165 of P.L. 106-554, except that property that, under s.
171.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated for taxable years 1983
2to 1986 under the Internal Revenue Code as amended to December 31, 1980, shall
3continue to be depreciated under the Internal Revenue Code as amended to
4December 31, 1980, and except that the appropriate amount shall be added or
5subtracted to reflect differences between the depreciation or adjusted basis for
6federal income tax purposes and the depreciation or adjusted basis under this
7chapter of any property disposed of during the taxable year. The Internal Revenue
8Code as amended to December 31, 1992, excluding sections 103, 104
, and 110 of P.L.
9102-227, and as amended by P.L.
103-66, excluding sections 13101 (a) and (c) 1,
1013113, 13150, 13171, 13174
, and 13203 of P.L.
103-66, P.L.
103-465, P.L.
104-188,
11excluding section 1311 of P.L.
104-188, P.L.
105-34, P.L.
105-206
and, P.L.
105-277,
12and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and as indirectly
13affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203,
14P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508,
15P.L.
102-227, 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 13101 (a) and (c) 1, 13113, 13150, 13171,
1713174
, and 13203 of P.L.
103-66, P.L.
103-465, P.L.
104-188, excluding section 1311
18of P.L.
104-188, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554,
19excluding sections 162 and 165 of P.L. 106-554, applies for Wisconsin purposes at the
20same time as for federal purposes. Amendments to the Internal Revenue Code
21enacted after December 31, 1992, do not apply to this subdivision with respect to
22taxable years that begin after December 31, 1992, and before January 1, 1994,
23except that changes to the Internal Revenue Code made by P.L.
103-66, P.L.
24103-465, P.L.
104-188, excluding section 1311 of P.L.
104-188, P.L.
105-34, P.L.
25105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L.
1106-554, and changes that indirectly affect the provisions applicable to this
2subchapter made by P.L.
103-66, P.L.
103-465, P.L.
104-188, excluding section 1311
3of P.L.
104-188, P.L.
105-34, P.L.
105-206 and, P.L.
105-277,
and P.L. 106-554,
4excluding sections 162 and 165 of P.L. 106-554, apply for Wisconsin purposes at the
5same time as for federal purposes.
AB506, s. 34
6Section
34. 71.26 (2) (b) 9. of the statutes is amended to read:
AB506,39,27
71.26
(2) (b) 9. For taxable years that begin after December 31, 1993, and
8before January 1, 1995, for a corporation, conduit or common law trust which
9qualifies as a regulated investment company, real estate mortgage investment
10conduit or real estate investment trust under the Internal Revenue Code as amended
11to December 31, 1993, excluding sections 103, 104
, and 110 of P.L.
102-227 and
12sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d)
, and 13215 of P.L.
103-66, and
13as amended by P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, excluding
14section 1 of P.L.
104-7, P.L.
104-188, excluding section 1311 of P.L.
104-188, P.L.
15104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L.
16106-554, excluding sections 162 and 165 of P.L. 106-554, and as indirectly affected
17in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
18100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
19102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
20102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, 13203
21(d)
, and 13215 of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7,
22excluding section 1 of P.L.
104-7, P.L.
104-188, excluding section 1311 of P.L.
23104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206 and, P.L.
105-277,
24and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, "net income"
25means the federal regulated investment company taxable income, federal real estate
1mortgage investment conduit taxable income or federal real estate investment trust
2taxable income of the corporation, conduit or trust as determined under the Internal
3Revenue Code as amended to December 31, 1993, excluding sections 103, 104
, and
4110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d)
, and
513215 of P.L.
103-66, and as amended by P.L.
103-296, P.L.
103-337, P.L.
103-465,
6P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
104-188, excluding section 1311
7of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206
and, P.L.
8105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and as
9indirectly affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
10100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
11101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
12102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
1313174, 13203 (d)
, and 13215 of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465,
14P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
104-188, excluding section 1311
15of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206
and, P.L.
16105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, except
17that property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be
18depreciated for taxable years 1983 to 1986 under the Internal Revenue Code as
19amended to December 31, 1980, shall continue to be depreciated under the Internal
20Revenue Code as amended to December 31, 1980, and except that the appropriate
21amount shall be added or subtracted to reflect differences between the depreciation
22or adjusted basis for federal income tax purposes and the depreciation or adjusted
23basis under this chapter of any property disposed of during the taxable year. The
24Internal Revenue Code as amended to December 31, 1993, excluding sections 103,
25104
, and 110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d), 13174, 13203
1(d)
, and 13215 of P.L.
103-66, and as amended by P.L.
103-296, P.L.
103-337, P.L.
2103-465, P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
104-188, excluding
3section 1311 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206 4and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554,
5and as indirectly affected in the provisions applicable to this subchapter by P.L.
699-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
7101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
8102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
9(d), 13171 (d), 13174, 13203 (d)
, and 13215 of P.L.
103-66, P.L.
103-296, P.L.
103-337,
10P.L.
103-465, P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
104-188, excluding
11section 1311 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206 12and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554,
13applies for Wisconsin purposes at the same time as for federal purposes.
14Amendments to the Internal Revenue Code enacted after December 31, 1993, do not
15apply to this subdivision with respect to taxable years that begin after
16December 31, 1993, and before January 1, 1995, except that changes to the Internal
17Revenue Code made by 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, P.L.
104-193, P.L.
105-34, P.L.
105-206 and, P.L.
105-277,
20and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and changes that
21indirectly affect the provisions applicable to this subchapter made by 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, P.L.
104-193, P.L.
24105-34, P.L.
105-206 and, P.L.
105-277,
and P.L. 106-554, excluding sections 162
1and 165 of P.L. 106-554, apply for Wisconsin purposes at the same time as for federal
2purposes.
AB506, s. 35
3Section
35. 71.26 (2) (b) 10. of the statutes is amended to read:
AB506,41,184
71.26
(2) (b) 10. For taxable years that begin after December 31, 1994, and
5before January 1, 1996, for a corporation, conduit or common law trust which
6qualifies as a regulated investment company, real estate mortgage investment
7conduit or real estate investment trust under the Internal Revenue Code as amended
8to December 31, 1994, excluding sections 103, 104
, and 110 of P.L.
102-227 and
9sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, and as
10amended by P.L.
104-7, P.L.
104-188, excluding sections 1202, 1204, 1311
, and 1605
11of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206
and, P.L.
12105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and as
13indirectly affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
14100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
15101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
16102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
1713174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
18104-7, P.L.
104-188, excluding sections 1202, 1204, 1311
, and 1605 of P.L.
104-188,
19P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206 and
, P.L.
105-277, and P.L.
20106-554, excluding sections 162 and 165 of P.L. 106-554, "net income" means the
21federal regulated investment company taxable income, federal real estate mortgage
22investment conduit taxable income or federal real estate investment trust taxable
23income of the corporation, conduit or trust as determined under the Internal
24Revenue Code as amended to December 31, 1994, excluding sections 103, 104
, and
25110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d)
1of P.L.
103-66, and as amended by P.L.
104-7, P.L.
104-188, excluding sections 1202,
21204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
3105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L.
4106-554, 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 13113, 13150
8(d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
9103-465, P.L.
104-7, P.L.
104-188, excluding sections 1202, 1204, 1311
, and 1605 of
10P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206
and, P.L.
11105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, except
12that property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be
13depreciated for taxable years 1983 to 1986 under the Internal Revenue Code as
14amended to December 31, 1980, shall continue to be depreciated under the Internal
15Revenue Code as amended to December 31, 1980, and except that the appropriate
16amount shall be added or subtracted to reflect differences between the depreciation
17or adjusted basis for federal income tax purposes and the depreciation or adjusted
18basis under this chapter of any property disposed of during the taxable year. The
19Internal Revenue Code as amended to December 31, 1994, excluding sections 103,
20104
, 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, P.L.
104-193, P.L.
23105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162
24and 165 of P.L. 106-554, 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 1202, 1204,
51311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
6105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L.
7106-554, applies for Wisconsin purposes at the same time as for federal purposes.
8Amendments to the Internal Revenue Code enacted after December 31, 1994, do not
9apply to this subdivision with respect to taxable years that begin after
10December 31, 1994, and before January 1, 1996, except that changes made by P.L.
11104-7, P.L.
104-188, excluding sections 1202, 1204, 1311
, and 1605 of P.L.
104-188,
12P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
105-206 and
, P.L.
105-277, and P.L.
13106-554, excluding sections 162 and 165 of P.L. 106-554, and changes that indirectly
14affect the provisions applicable to this subchapter made by P.L.
104-7, P.L.
104-188,
15excluding sections 1202, 1204, 1311 and 1605 of P.L.
104-188, P.L.
104-191, P.L.
16104-193, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding
17sections 162 and 165 of P.L. 106-554, apply for Wisconsin purposes at the same time
18as for federal purposes.
AB506, s. 36
19Section
36. 71.26 (2) (b) 11. of the statutes is amended to read:
AB506,44,1120
71.26
(2) (b) 11. For taxable years that begin after December 31, 1995, and
21before January 1, 1997, for a corporation, conduit or common law trust which
22qualifies as a regulated investment company, real estate mortgage investment
23conduit or real estate investment trust under the Internal Revenue Code as amended
24to December 31, 1995, excluding sections 103, 104
, and 110 of P.L.
102-227 and
25sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, and as
1amended by P.L.
104-188, excluding sections 1123, 1202, 1204, 1311
, and 1605 of P.L.
2104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206 and, 3P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and
4as indirectly affected in the provisions applicable to this subchapter by P.L.
99-514,
5P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239,
6P.L.
101-508, 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, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206 and, 11P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, "net
12income" means the federal regulated investment company taxable income, federal
13real estate mortgage investment conduit taxable income or federal real estate
14investment trust taxable income of the corporation, conduit or trust as determined
15under the Internal Revenue Code as amended to December 31, 1995, excluding
16sections 103, 104
, and 110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d),
1713174
, and 13203 (d) of P.L.
103-66, and as amended by P.L.
104-188, excluding
18sections 1123, 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
19104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L.
20106-554, excluding sections 162 and 165 of P.L. 106-554, and as indirectly affected
21in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, 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, 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 13113, 13150 (d), 13171 (d), 13174
, and
2513203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
1104-188, excluding sections 1123, 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
2104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206 and, P.L.
105-277,
3and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, except that
4property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated
5for taxable years 1983 to 1986 under the Internal Revenue Code as amended to
6December 31, 1980, shall continue to be depreciated under the Internal Revenue
7Code as amended to December 31, 1980, and except that the appropriate amount
8shall be added or subtracted to reflect differences between the depreciation or
9adjusted basis for federal income tax purposes and the depreciation or adjusted basis
10under this chapter of any property disposed of during the taxable year. The Internal
11Revenue Code as amended to December 31, 1995, excluding sections 103, 104
, and
12110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d)
13of P.L.
103-66, and as amended by P.L.
104-188, excluding sections 1123, 1202, 1204,
141311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34,
15P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165
16of P.L. 106-554, and as indirectly affected in the provisions applicable to this
17subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
18P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, 19and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
2013113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
21103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123, 1202,
221204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
23105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162
24and 165 of P.L. 106-554, applies for Wisconsin purposes at the same time as for
25federal purposes. Amendments to the Internal Revenue Code enacted after
1December 31, 1995, do not apply to this subdivision with respect to taxable years
2that begin after December 31, 1995, and before January 1, 1997, except that
3changes to the Internal Revenue Code made by P.L.
104-188, excluding sections
41123, 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
5105-33, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding
6sections 162 and 165 of P.L. 106-554, and changes that indirectly affect the
7provisions applicable to this subchapter made by P.L.
104-188, excluding sections
81123, 1202, 1204, 1311 and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
9105-33, P.L.
105-34, P.L.
105-206 and, P.L.
105-277,
and P.L. 106-554, excluding
10sections 162 and 165 of P.L. 106-554, apply for Wisconsin purposes at the same time
11as for federal purposes.
AB506, s. 37
12Section
37. 71.26 (2) (b) 12. of the statutes is amended to read:
AB506,47,213
71.26
(2) (b) 12. For taxable years that begin after December 31, 1996, and
14before January 1, 1998, for a corporation, conduit or common law trust which
15qualifies as a regulated investment company, real estate mortgage investment
16conduit, real estate investment trust or financial asset securitization investment
17trust under the Internal Revenue Code as amended to December 31, 1996, excluding
18sections 103, 104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d),
1913174
, and 13203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and
201605 (d) of P.L.
104-188, and as amended by P.L.
105-33, P.L.
105-34, P.L.
105-206,
21P.L.
105-277 and, P.L.
106-36, and P.L. 106-554, excluding sections 162 and 165 of
22P.L. 106-554, and as indirectly affected in the provisions applicable to this
23subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
24P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, 25and 110 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 1123 (b), 1202
3(c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
4105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277 and, P.L.
106-36, and P.L. 106-554,
5excluding sections 162 and 165 of P.L. 106-554, "net income" means the federal
6regulated investment company taxable income, federal real estate mortgage
7investment conduit taxable income, federal real estate investment trust or financial
8asset securitization investment trust taxable income of the corporation, conduit or
9trust as determined under the Internal Revenue Code as amended to
10December 31, 1996, excluding sections 103, 104
, and 110 of P.L.
102-227, sections
1113113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66 and sections 1123
12(b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188 and as amended by P.L.
13105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277 and, P.L.
106-36, and P.L. 106-554,
14excluding sections 162 and 165 of P.L. 106-554, and as indirectly affected in the
15provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647,
16P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
17excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
18103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
19103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
20excluding sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, P.L.
21104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277 and, 22P.L.
106-36, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, except
23that property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be
24depreciated for taxable years 1983 to 1986 under the Internal Revenue Code as
25amended to December 31, 1980, shall continue to be depreciated under the Internal
1Revenue Code as amended to December 31, 1980, and except that the appropriate
2amount shall be added or subtracted to reflect differences between the depreciation
3or adjusted basis for federal income tax purposes and the depreciation or adjusted
4basis under this chapter of any property disposed of during the taxable year. The
5Internal Revenue Code as amended to December 31, 1996, excluding sections 103,
6104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203
7(d) of P.L.
103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
8104-188, and as amended by P.L.
105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277 9and, P.L.
106-36, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554,
10and as indirectly affected in the provisions applicable to this subchapter by P.L.
1199-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
12101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
13102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
14(d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
15103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
161311
, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
17105-34, P.L.
105-206, P.L.
105-277 and, P.L.
106-36, and P.L. 106-554, excluding
18sections 162 and 165 of P.L. 106-554, applies for Wisconsin purposes at the same
19time as for federal purposes. Amendments to the Internal Revenue Code enacted
20after December 31, 1996, do not apply to this subdivision with respect to taxable
21years that begin after December 31, 1996, and before January 1, 1998, except that
22changes to the Internal Revenue Code made by P.L.
105-33, P.L.
105-34, P.L.
23105-206, P.L.
105-277 and, P.L.
106-36, and P.L. 106-554, excluding sections 162
24and 165 of P.L. 106-554, and changes that indirectly affect the provisions applicable
25to this subchapter made by P.L.
105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277 and,
1P.L.
106-36, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, apply
2for Wisconsin purposes at the same time as for federal purposes.
AB506, s. 38
3Section
38. 71.26 (2) (b) 13. of the statutes is amended to read:
AB506,49,214
71.26
(2) (b) 13. For taxable years that begin after December 31, 1997, and
5before January 1, 1999, for a corporation, conduit or common law trust which
6qualifies as a regulated investment company, real estate mortgage investment
7conduit, real estate investment trust or financial asset securitization investment
8trust under the Internal Revenue Code as amended to December 31, 1997, excluding
9sections 103, 104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d),
1013174
, and 13203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and
111605 (d) of P.L.
104-188, and as amended by P.L.
105-178, P.L.
105-206, P.L.
12105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-554, excluding sections 162 and
13165 of P.L. 106-554, and P.L. 106-573, and as indirectly affected in the provisions
14applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
15101-73, 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, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
21105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-554, excluding sections 162 and
22165 of P.L. 106-554, and P.L. 106-573, "net income" means the federal regulated
23investment company taxable income, federal real estate mortgage investment
24conduit taxable income, federal real estate investment trust or financial asset
25securitization investment trust taxable income of the corporation, conduit or trust
1as determined under the Internal Revenue Code as amended to December 31, 1997,
2excluding sections 103, 104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171
3(d), 13174
, and 13203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, 4and 1605 (d) of P.L.
104-188, and as amended by P.L.
105-178, P.L.
105-206, P.L.
5105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-554, excluding sections 162 and
6165 of P.L. 106-554, and P.L. 106-573, and as indirectly affected in the provisions
7applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
8101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
9excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
10103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
11103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
12excluding sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, P.L.
13104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
14105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-554, excluding sections 162 and
15165 of P.L. 106-554, and P.L. 106-573, except that property that, under s. 71.02 (1)
16(c) 8. to 11., 1985 stats., is required to be depreciated for taxable years 1983 to 1986
17under the Internal Revenue Code as amended to December 31, 1980, shall continue
18to be depreciated under the Internal Revenue Code as amended to
19December 31, 1980, and except that the appropriate amount shall be added or
20subtracted to reflect differences between the depreciation or adjusted basis for
21federal income tax purposes and the depreciation or adjusted basis under this
22chapter of any property disposed of during the taxable year. The Internal Revenue
23Code as amended to December 31, 1997, excluding sections 103, 104
, and 110 of P.L.
24102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66,
25and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, and as
1amended by P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170,
2P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573, and
3as indirectly affected in the provisions applicable to this subchapter by P.L.
99-514,
4P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239,
5P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
6102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
713174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
8104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d)
9of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178,
10P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-554, excluding
11sections 162 and 165 of P.L. 106-554, and P.L. 106-573, applies for Wisconsin
12purposes at the same time as for federal purposes. Amendments to the Internal
13Revenue Code enacted after December 31, 1997, do not apply to this subdivision with
14respect to taxable years that begin after December 31, 1997, and before
15January 1, 1999, except that changes to the Internal Revenue Code made by P.L.
16105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-554,
17excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573 and changes that
18indirectly affect the provisions applicable to this subchapter made by P.L.
105-178,
19P.L.
105-206, P.L.
105-277, P.L.
106-36 and
and, P.L.
106-170, P.L. 106-554,
20excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573 apply for Wisconsin
21purposes at the same time as for federal purposes.
AB506, s. 39
22Section
39. 71.26 (2) (b) 14. of the statutes is amended to read:
AB506,52,1323
71.26
(2) (b) 14. For taxable years that begin after December 31, 1998, and
24before January 1, 2000, for a corporation, conduit or common law trust which
25qualifies as a regulated investment company, real estate mortgage investment
1conduit, real estate investment trust or financial asset securitization investment
2trust under the Internal Revenue Code as amended to December 31, 1998, excluding
3sections 103, 104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d),
413174
, and 13203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and
51605 (d) of P.L.
104-188, and as amended by P.L.
106-36 and
, P.L.
106-170, P.L.
6106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
7106-573, and as indirectly affected in the provisions applicable to this subchapter
8by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179,
9P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
10102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
11(d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
12103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
131311
, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
14105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170,
15P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
16106-573, "net income" means the federal regulated investment company taxable
17income, federal real estate mortgage investment conduit taxable income, federal real
18estate investment trust or financial asset securitization investment trust taxable
19income of the corporation, conduit or trust as determined under the Internal
20Revenue Code as amended to December 31, 1998, excluding sections 103, 104
, and
21110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
22103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188,
23and as amended by P.L.
106-36 and, P.L.
106-170, P.L. 106-230, P.L. 106-554,
24excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573, and as indirectly
25affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203,
1P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508,
2P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
3102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174
, and
413203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
5104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
6104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
7105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-230, P.L. 106-554,
8excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573, except that
9property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated
10for taxable years 1983 to 1986 under the Internal Revenue Code as amended to
11December 31, 1980, shall continue to be depreciated under the Internal Revenue
12Code as amended to December 31, 1980, and except that the appropriate amount
13shall be added or subtracted to reflect differences between the depreciation or
14adjusted basis for federal income tax purposes and the depreciation or adjusted basis
15under this chapter of any property disposed of during the taxable year. The Internal
16Revenue Code as amended to December 31, 1998, excluding sections 103, 104
, and
17110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
18103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188,
19and as amended by P.L.
106-36 and, P.L.
106-170, P.L. 106-230, P.L. 106-554,
20excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573, 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 13113, 13150 (d), 13171 (d), 13174
, and
2513203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
1104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
2104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
3105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-230, P.L. 106-554,
4excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573, applies for
5Wisconsin purposes at the same time as for federal purposes. Amendments to the
6Internal Revenue Code enacted after December 31, 1998, do not apply to this
7subdivision with respect to taxable years that begin after December 31, 1998, and
8before January 1, 2000, except that changes to the Internal Revenue Code made by
9P.L.
106-36 and, P.L.
106-170, P.L. 106-230, P.L. 106-554, excluding sections 162
10and 165 of P.L. 106-554, and P.L. 106-573 and changes that indirectly affect the
11provisions applicable to this subchapter made by P.L.
106-36 and, P.L.
106-170, P.L.
12106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
13106-573 apply for Wisconsin purposes at the same time as for federal purposes.
AB506, s. 40
14Section
40. 71.26 (2) (b) 15. of the statutes is amended to read:
AB506,55,515
71.26
(2) (b) 15. For taxable years that begin after December 31, 1999,
and
16before January 1, 2001, for a corporation, conduit or common law trust which
17qualifies as a regulated investment company, real estate mortgage investment
18conduit, real estate investment trust or financial asset securitization investment
19trust under the Internal Revenue Code as amended to December 31, 1999, excluding
20sections 103, 104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d),
2113174
, and 13203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and
221605 (d) of P.L.
104-188, and as amended by P.L. 106-200, P.L. 106-230, P.L.
23106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573, and as
24indirectly affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
25100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
1101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
2102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
313174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
4104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605
5(d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
6105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-200,
7P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
8106-573, "net income" means the federal regulated investment company taxable
9income, federal real estate mortgage investment conduit taxable income, federal real
10estate investment trust or financial asset securitization investment trust taxable
11income of the corporation, conduit or trust as determined under the Internal
12Revenue Code as amended to December 31, 1999, excluding sections 103, 104
, and
13110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
14103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188,
15and as amended by P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding sections 162
16and 165 of P.L. 106-554, and P.L. 106-573, and as indirectly affected in the
17provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647,
18P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
19excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
20103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
21103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
22excluding sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, P.L.
23104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
24105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-200, P.L. 106-230, P.L. 106-554,
25excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573, except that
1property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated
2for taxable years 1983 to 1986 under the Internal Revenue Code as amended to
3December 31, 1980, shall continue to be depreciated under the Internal Revenue
4Code as amended to December 31, 1980, and except that the appropriate amount
5shall be added or subtracted to reflect differences between the depreciation or
6adjusted basis for federal income tax purposes and the depreciation or adjusted basis
7under this chapter of any property disposed of during the taxable year. The Internal
8Revenue Code as amended to December 31, 1999, excluding sections 103, 104
, and
9110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
10103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188,
11and as amended by P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding sections 162
12and 165 of P.L. 106-554, and P.L. 106-573, and as indirectly affected in the
13provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647,
14P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
15excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
16103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
17103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
18excluding sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, P.L.
19104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
20105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-200, P.L. 106-230, P.L. 106-554,
21excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573, applies for
22Wisconsin purposes at the same time as for federal purposes. Amendments to the
23Internal Revenue Code enacted after December 31, 1999, do not apply to this
24subdivision with respect to taxable years that begin after December 31, 1999
, and
25before January 1, 2001, except that changes to the Internal Revenue Code made by
1P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L.
2106-554, and P.L. 106-573 and changes that indirectly affect the provisions
3applicable to this subchapter made by P.L. 106-200, P.L. 106-230, P.L. 106-554,
4excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573 apply for Wisconsin
5purposes at the same time as for federal purposes.
AB506, s. 41
6Section
41. 71.26 (2) (b) 16. of the statutes is created to read:
AB506,57,137
71.26
(2) (b) 16. For taxable years that begin after December 31, 2000, for a
8corporation, conduit, or common law trust which qualifies as a regulated investment
9company, real estate mortgage investment conduit, real estate investment trust, or
10financial asset securitization investment trust under the Internal Revenue Code as
11amended to December 31, 2000, excluding sections 103, 104, and 110 of P.L.
102-227,
12sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, sections
131123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
106-519, and
14sections 162 and 165 of P.L.
106-554, and as indirectly affected in the provisions
15applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
16101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
17excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
18103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
19103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
20excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
21104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
22105-277, P.L.
106-36, P.L.
106-170, P.L.
106-200, P.L.
106-230, P.L.
106-554,
23excluding sections 162 and 165 of P.L.
106-554, and P.L.
106-573, "net income"
24means the federal regulated investment company taxable income, federal real estate
25mortgage investment conduit taxable income, federal real estate investment trust
1or financial asset securitization investment trust taxable income of the corporation,
2conduit, or trust as determined under the Internal Revenue Code as amended to
3December 31, 2000, excluding sections 103, 104, and 110 of P.L.
102-227, sections
413113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, sections 1123 (b),
51202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
106-519, and sections 162
6and 165 of P.L.
106-554, and as indirectly affected in the provisions applicable to this
7subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
8P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104,
9and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
1013113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
11103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202
12(c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
13105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
14106-170, P.L.
106-200, P.L.
106-230, P.L.
106-554, excluding sections 162 and 165
15of P.L.
106-554, and P.L.
106-573, except that property that, under s. 71.02 (1) (c) 8.
16to 11., 1985 stats., is required to be depreciated for taxable years 1983 to 1986 under
17the Internal Revenue Code as amended to December 31, 1980, shall continue to be
18depreciated under the Internal Revenue Code as amended to December 31, 1980,
19and except that the appropriate amount shall be added or subtracted to reflect
20differences between the depreciation or adjusted basis for federal income tax
21purposes and the depreciation or adjusted basis under this chapter of any property
22disposed of during the taxable year. The Internal Revenue Code as amended to
23December 31, 2000, excluding sections 103, 104, and 110 of P.L.
102-227, sections
2413113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, sections 1123 (b),
251202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
106-519, and sections 162
1and 165 of P.L.
106-554, and as indirectly affected in the provisions applicable to this
2subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
3P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104,
4and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
513113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
6103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202
7(c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
8105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
9106-170, P.L.
106-200, P.L.
106-230, P.L.
106-554, excluding sections 162 and 165
10of P.L.
106-554, and P.L.
106-573, applies for Wisconsin purposes at the same time
11as for federal purposes. Amendments to the Internal Revenue Code enacted after
12December 31, 2000, do not apply to this subdivision with respect to taxable years that
13begin after December 31, 2000.
