SB246,65,2015
71.34
(1g) (m) "Internal Revenue Code" for tax-option corporations, for taxable
16years that begin after December 31, 1997, and before January 1, 1999, means the
17federal Internal Revenue Code as amended to December 31, 1997, excluding sections
18103, 104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and
1913203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d)
20of P.L.
104-188, and as amended by P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
21106-36 and, P.L.
106-170, P.L. 106-554, excluding sections 162 and 165 of P.L.
22106-554, and P.L. 106-573, and as indirectly affected in the provisions applicable to
23this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647 excluding sections 803
24(d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2)
, and 823 (c) (2) of P.L.
99-514 and section
251008 (g) (5) of P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239,
1P.L.
101-508, 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. 106-554,
7excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573, except that section
81366 (f) (relating to pass-through of items to shareholders) is modified by
9substituting the tax under s. 71.35 for the taxes under sections 1374 and 1375. The
10Internal Revenue Code applies for Wisconsin purposes at the same time as for federal
11purposes. Amendments to the federal Internal Revenue Code enacted after
12December 31, 1997, do not apply to this paragraph with respect to taxable years
13beginning after December 31, 1997, and before January 1, 1999, except that
14changes to the Internal Revenue Code 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 and changes that indirectly affect the
17provisions applicable to this subchapter made by P.L.
105-178, P.L.
105-206, P.L.
18105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-554, excluding sections 162 and
19165 of P.L. 106-554, and P.L. 106-573 apply for Wisconsin purposes at the same time
20as for federal purposes.
SB246, s. 50
21Section
50. 71.34 (1g) (n) of the statutes is amended to read:
SB246,67,222
71.34
(1g) (n) "Internal Revenue Code" for tax-option corporations, for taxable
23years that begin after December 31, 1998, and before January 1, 2000, means the
24federal Internal Revenue Code as amended to December 31, 1998, excluding sections
25103, 104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and
113203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d)
2of P.L.
104-188, and as amended by P.L.
106-36 and, P.L.
106-170, P.L. 106-230, P.L.
3106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573, and as
4indirectly affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
5100-203, P.L.
100-647, excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821
6(b) (2)
, and 823 (c) (2) of P.L.
99-514 and section 1008 (g) (5) of P.L.
100-647, P.L.
7101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
8excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
9103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
10103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
11excluding sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, P.L.
12104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
13105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-230, P.L. 106-554, excluding
14sections 162 and 165 of P.L. 106-554, and P.L. 106-573, except that section 1366 (f)
15(relating to pass-through of items to shareholders) is modified by substituting the
16tax under s. 71.35 for the taxes under sections 1374 and 1375. The Internal Revenue
17Code applies for Wisconsin purposes at the same time as for federal purposes.
18Amendments to the federal Internal Revenue Code enacted after December 31, 1998,
19do not apply to this paragraph with respect to taxable years beginning after
20December 31, 1998, and before January 1, 2000, except that changes to the Internal
21Revenue Code made by P.L.
106-36 and, P.L.
106-170, P.L. 106-230, P.L. 106-554,
22excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573 and changes that
23indirectly affect the provisions applicable to this subchapter made by P.L.
106-36 24and, P.L.
106-170, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L.
1106-554, and P.L. 106-573 apply for Wisconsin purposes at the same time as for
2federal purposes.
SB246, s. 51
3Section
51. 71.34 (1g) (o) of the statutes is amended to read:
SB246,68,74
71.34
(1g) (o) "Internal Revenue Code" for tax-option corporations, for taxable
5years that begin after December 31, 1999,
and before January 1, 2001, means the
6federal Internal Revenue Code as amended to December 31, 1999, excluding sections
7103, 104
, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and
813203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d)
9of P.L.
104-188, and as amended by P.L. 106-200, P.L. 106-230, P.L. 106-554,
10excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573, and as indirectly
11affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203,
12P.L.
100-647, excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2)
, and
13823 (c) (2) of P.L.
99-514 and section 1008 (g) (5) of P.L.
100-647, P.L.
101-73, P.L.
14101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections
15103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding
16sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
17103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections
181123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
19104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
20106-36 and, P.L.
106-170, P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding
21sections 162 and 165 of P.L. 106-554, and P.L. 106-573, except that section 1366 (f)
22(relating to pass-through of items to shareholders) is modified by substituting the
23tax under s. 71.35 for the taxes under sections 1374 and 1375. The Internal Revenue
24Code applies for Wisconsin purposes at the same time as for federal purposes.
25Amendments to the federal Internal Revenue Code enacted after December 31, 1999,
1do not apply to this paragraph with respect to taxable years beginning after
2December 31, 1999
, and before January 1, 2001, except that changes to the Internal
3Revenue Code made by P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding sections
4162 and 165 of P.L. 106-554, and P.L. 106-573 and changes that indirectly affect the
5provisions applicable to this subchapter made by P.L. 106-200, P.L. 106-230, P.L.
6106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573 apply for
7Wisconsin purposes at the same time as for federal purposes.
SB246, s. 52
8Section
52. 71.34 (1g) (p) of the statutes is created to read:
SB246,69,59
71.34
(1g) (p) "Internal Revenue Code" for tax-option corporations, for taxable
10years that begin after December 31, 2000, means the federal Internal Revenue Code
11as amended to December 31, 2000, excluding sections 103, 104, and 110 of P.L.
12102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66,
13sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
106-519,
14and sections 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, excluding
16sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821 (b) (2), and 823 (c) (2) of P.L.
99-514 17and section 1008 (g) (5) of P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
18101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104, and 110 of P.L.
19102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
20(d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
21103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
221311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
23105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
24106-200, P.L.
106-230, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554,
25and P.L.
106-573, except that section 1366 (f) (relating to pass-through of items to
1shareholders) is modified by substituting the tax under s. 71.35 for the taxes under
2sections 1374 and 1375. The Internal Revenue Code applies for Wisconsin purposes
3at the same time as for federal purposes. Amendments to the federal Internal
4Revenue Code enacted after December 31, 2000, do not apply to this paragraph with
5respect to taxable years beginning after December 31, 2000.
SB246, s. 53
6Section
53. 71.365 (1m) of the statutes is amended to read:
SB246,70,77
71.365
(1m) Tax-option corporations; depreciation. A tax-option corporation
8may compute amortization and depreciation under either the federal Internal
9Revenue Code as amended to December 31,
1999 2000, or the federal Internal
10Revenue Code in effect for the taxable year for which the return is filed, except that
11property first placed in service by the taxpayer on or after January 1, 1983, but
12before January 1, 1987, that, under s. 71.04 (15) (b) and (br), 1985 stats., is required
13to be depreciated under the Internal Revenue Code as amended to
14December 31, 1980, and property first placed in service in taxable year 1981 or
15thereafter but before January 1, 1987, that, under s. 71.04 (15) (bm), 1985 stats., is
16required to be depreciated under the Internal Revenue Code as amended to
17December 31, 1980, shall continue to be depreciated under the Internal Revenue
18Code as amended to December 31, 1980. Any difference between the adjusted basis
19for federal income tax purposes and the adjusted basis under this chapter shall be
20taken into account in determining net income or loss in the year or years for which
21the gain or loss is reportable under this chapter. If that property was placed in
22service by the taxpayer during taxable year 1986 and thereafter but before the
23property is used in the production of income subject to taxation under this chapter,
24the property's adjusted basis and the depreciation or other deduction schedule are
25not required to be changed from the amount allowable on the owner's federal income
1tax returns for any year because the property is used in the production of income
2subject to taxation under this chapter. If that property was acquired in a transaction
3in taxable year 1986 or thereafter in which the adjusted basis of the property in the
4hands of the transferee is the same as the adjusted basis of the property in the hands
5of the transferor, the Wisconsin adjusted basis of that property on the date of transfer
6is the adjusted basis allowable under the Internal Revenue Code as defined for
7Wisconsin purposes for the property in the hands of the transferor.
SB246, s. 54
8Section
54. 71.42 (2) (f) of the statutes is repealed.
SB246, s. 55
9Section
55. 71.42 (2) (g) of the statutes is amended to read:
SB246,71,1110
71.42
(2) (g) For taxable years that begin after December 31, 1992, and before
11January 1, 1994, "Internal Revenue Code" means the federal Internal Revenue Code
12as amended to December 31, 1992, excluding sections 103, 104
, and 110 of P.L.
13102-227, and as amended by P.L.
103-66, excluding sections 13101 (a) and (c) 1,
1413113, 13150, 13171, 13174
, and 13203 of P.L.
103-66, P.L.
103-465, P.L.
104-188,
15excluding section 1311 of P.L.
104-188, P.L.
105-34, P.L.
105-206
and, P.L.
105-277,
16and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and as indirectly
17affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
18101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, and
19110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
2013101 (a) and (c) 1, 13113, 13150, 13171, 13174
, and 13203 of P.L.
103-66, P.L.
21103-465, P.L.
104-188, excluding section 1311 of P.L.
104-188, P.L.
105-34, P.L.
22105-206 and P.L. 105-277 and, P.L.
105-277, and P.L. 106-554, excluding sections
23162 and 165 of P.L. 106-554, except that "Internal Revenue Code" does not include
24section 847 of the federal Internal Revenue Code. The Internal Revenue Code
25applies for Wisconsin purposes at the same time as for federal purposes.
1Amendments to the federal Internal Revenue Code enacted after
2December 31, 1992, do not apply to this paragraph with respect to taxable years
3beginning after December 31, 1992, and before January 1, 1994, except that
4changes to the Internal Revenue Code made by P.L.
103-66, P.L.
103-465, P.L.
5104-188, excluding section 1311 of P.L.
104-188, P.L.
105-34, P.L.
105-206 and, P.L.
6105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and
7changes that indirectly affect the federal Internal Revenue Code made by P.L.
8103-66, 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, apply for Wisconsin purposes at the same time as for federal
11purposes.
SB246, s. 56
12Section
56. 71.42 (2) (h) of the statutes is amended to read:
SB246,72,1813
71.42
(2) (h) For taxable years that begin after December 31, 1993, and before
14January 1, 1995, "Internal Revenue Code" means the federal Internal Revenue Code
15as amended to December 31, 1993 excluding sections 103, 104
, and 110 of P.L.
16102-227 and sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d)
, and 13215 of P.L.
17103-66, and as amended 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 as indirectly
21affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
22101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, and
23110 of P.L.
102-227, P.L.
102-318, P.L.
102-486 and P.L.
103-66, excluding sections
2413113, 13150 (d), 13171 (d), 13174, 13203 (d)
, and 13215 of P.L.
103-66, P.L.
103-296,
25P.L.
103-337, P.L.
103-465, P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
1104-188, excluding section 1311 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
2105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162
3and 165 of P.L. 106-554, except that "Internal Revenue Code" does not include
4section 847 of the federal Internal Revenue Code. The Internal Revenue Code
5applies for Wisconsin purposes at the same time as for federal purposes.
6Amendments to the federal Internal Revenue Code enacted after
7December 31, 1993, do not apply to this paragraph with respect to taxable years
8beginning after December 31, 1993, and before January 1, 1995, except that
9changes to the Internal Revenue Code made by P.L.
103-296, P.L.
103-337, P.L.
10103-465, 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, 13and changes that indirectly affect the provisions applicable to this subchapter made
14by P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, excluding section 1 of P.L.
15104-7, P.L.
104-188, excluding section 1311 of P.L.
104-188, P.L.
104-191, 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.
SB246, s. 57
19Section
57. 71.42 (2) (i) of the statutes is amended to read:
SB246,73,2220
71.42
(2) (i) For taxable years that begin after December 31, 1994, and before
21January 1, 1996, "Internal Revenue Code" means the federal Internal Revenue Code
22as amended to December 31, 1994, excluding sections 103, 104
, and 110 of P.L.
23102-227 and sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
24103-66, and as amended by P.L.
104-7, P.L.
104-188, excluding sections 1202, 1204,
251311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
1105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162 and 165 of P.L.
2106-554, and as indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
3101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
4excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
5103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
6103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
7excluding sections 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
8104-193, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding
9sections 162 and 165 of P.L. 106-554, except that "Internal Revenue Code" does not
10include section 847 of the federal Internal Revenue Code. The Internal Revenue
11Code applies for Wisconsin purposes at the same time as for federal purposes.
12Amendments to the federal Internal Revenue Code enacted after
13December 31, 1994, do not apply to this paragraph with respect to taxable years
14beginning after December 31, 1994, and before January 1, 1996, except that
15changes to the Internal Revenue Code made by P.L.
104-7, P.L.
104-188, excluding
16sections 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
17105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding sections 162
18and 165 of P.L. 106-554, and changes that indirectly affect the provisions applicable
19to this subchapter made by P.L.
104-7, P.L.
104-188, excluding sections 1202, 1204,
201311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-34, P.L.
21105-206 and, P.L.
105-277,
and P.L. 106-554, excluding sections 162 and 165 of P.L.
22106-554, apply for Wisconsin purposes at the same time as for federal purposes.
SB246, s. 58
23Section
58. 71.42 (2) (j) of the statutes is amended to read:
SB246,75,224
71.42
(2) (j) For taxable years that begin after December 31, 1995, and before
25January 1, 1997, "Internal Revenue Code" means the federal Internal Revenue Code
1as amended to December 31, 1995, excluding sections 103, 104
, and 110 of P.L.
2102-227 and sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
3103-66, and as amended by P.L.
104-188, excluding sections 1123, 1202, 1204, 1311
, 4and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, 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, and as indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
7101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
8excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
9103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
10103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
11excluding sections 1123, 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191,
12P.L.
104-193, P.L.
105-33, 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, except that "Internal
14Revenue Code" does not include section 847 of the federal Internal Revenue Code.
15The Internal Revenue Code applies for Wisconsin purposes at the same time as for
16federal purposes. Amendments to the federal Internal Revenue Code enacted after
17December 31, 1995, do not apply to this paragraph with respect to taxable years
18beginning after December 31, 1995, and before January 1, 1997, except that
19changes to the Internal Revenue Code made by P.L.
104-188, excluding sections
201123, 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
21105-33, P.L.
105-34, P.L.
105-206 and, P.L.
105-277, and P.L. 106-554, excluding
22sections 162 and 165 of P.L. 106-554, and changes that indirectly affect the
23provisions applicable to this subchapter made by P.L.
104-188, excluding sections
241123, 1202, 1204, 1311
, and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
25105-33, 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.
SB246, s. 59
3Section
59. 71.42 (2) (k) of the statutes is amended to read:
SB246,76,44
71.42
(2) (k) For taxable years that begin after December 31, 1996, and before
5January 1, 1998, "Internal Revenue Code" means the federal Internal Revenue Code
6as amended to December 31, 1996, excluding sections 103, 104
, and 110 of P.L.
7102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66 8and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, and as
9amended by P.L.
105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277 and, P.L.
106-36,
10and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and as indirectly
11affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
12101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, and
13110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
1413113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
15103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202
16(c)
, 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
17105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277 and, P.L.
106-36, and P.L. 106-554,
18excluding sections 162 and 165 of P.L. 106-554, except that "Internal Revenue Code"
19does not include section 847 of the federal Internal Revenue Code. The Internal
20Revenue Code applies for Wisconsin purposes at the same time as for federal
21purposes. Amendments to the federal Internal Revenue Code enacted after
22December 31, 1996, do not apply to this paragraph with respect to taxable years
23beginning after December 31, 1996, and before January 1, 1998, except that
24changes to the Internal Revenue Code made by 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, and changes that indirectly affect the provisions applicable
2to this subchapter made by P.L.
105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277 and, 3P.L.
106-36,
and P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, apply
4for Wisconsin purposes at the same time as for federal purposes.
SB246, s. 60
5Section
60. 71.42 (2) (L) of the statutes is amended to read:
SB246,77,76
71.42
(2) (L) For taxable years that begin after December 31, 1997, and before
7January 1, 1999, "Internal Revenue Code" means the federal Internal Revenue Code
8as amended to December 31, 1997, excluding sections 103, 104
, and 110 of P.L.
9102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66 10and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, and as
11amended by P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170,
12P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573, and
13as indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
14101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections
15103, 104
, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding
16sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
17103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections
181123 (b), 1202 (c)
, 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
19104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
20106-36 and, P.L.
106-170, P.L. 106-554, excluding sections 162 and 165 of P.L.
21106-554, and P.L. 106-573, except that "Internal Revenue Code" does not include
22section 847 of the federal Internal Revenue Code. The Internal Revenue Code
23applies for Wisconsin purposes at the same time as for federal purposes.
24Amendments to the federal Internal Revenue Code enacted after December 31, 1997,
25do not apply to this paragraph with respect to taxable years beginning after
1December 31, 1997, and before January 1, 1999, except that changes to the Internal
2Revenue Code made by P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, 3P.L.
106-170, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
4106-573 and changes that indirectly affect the provisions applicable to this
5subchapter made by 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 apply for Wisconsin purposes at the same time as for federal purposes.
SB246, s. 61
8Section
61. 71.42 (2) (m) of the statutes is amended to read:
SB246,78,99
71.42
(2) (m) For taxable years that begin after December 31, 1998, and before
10January 1, 2000, "Internal Revenue Code" means the federal Internal Revenue Code
11as amended to December 31, 1998, excluding sections 103, 104
, and 110 of P.L.
12102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66 13and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, and as
14amended by P.L.
106-36 and, P.L.
106-170, P.L. 106-230, P.L. 106-554, excluding
15sections 162 and 165 of P.L. 106-554, and P.L. 106-573, and as indirectly affected by
16P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179,
17P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
18102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
19(d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
20103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c)
, 1204 (f),
211311
, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
22105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170,
23P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
24106-573, except that "Internal Revenue Code" does not include section 847 of the
25federal Internal Revenue Code. The Internal Revenue Code applies for Wisconsin
1purposes at the same time as for federal purposes. Amendments to the federal
2Internal Revenue Code enacted after December 31, 1998, do not apply to this
3paragraph with respect to taxable years beginning after December 31, 1998, and
4before January 1, 2000, except that changes to the Internal Revenue Code made by
5P.L.
106-36 and, P.L.
106-170, P.L. 106-230, P.L. 106-554, excluding sections 162
6and 165 of P.L. 106-554, and P.L. 106-573 and changes that indirectly affect the
7provisions applicable to this subchapter made by P.L.
106-36 and, P.L.
106-170, P.L.
8106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
9106-573 apply for Wisconsin purposes at the same time as for federal purposes.
SB246, s. 62
10Section
62. 71.42 (2) (n) of the statutes is amended to read:
SB246,79,1111
71.42
(2) (n) For taxable years that begin after December 31, 1999,
and before
12January 1, 2001, "Internal Revenue Code" means the federal Internal Revenue Code
13as amended to December 31, 1999, excluding sections 103, 104
, and 110 of P.L.
14102-227, sections 13113, 13150 (d), 13171 (d), 13174
, and 13203 (d) of P.L.
103-66 15and sections 1123 (b), 1202 (c), 1204 (f), 1311
, and 1605 (d) of P.L.
104-188, and as
16amended by P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding sections 162 and
17165 of P.L. 106-554, and P.L. 106-573, and as indirectly affected by P.L.
99-514, P.L.
18100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
19101-508, P.L.
102-227, excluding sections 103, 104
, and 110 of P.L.
102-227, P.L.
20102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
2113174
, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
22104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c)
, 1204 (f), 1311
, and 1605
23(d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
24105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36 and, P.L.
106-170, P.L. 106-200,
25P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, and P.L.
1106-573, except that "Internal Revenue Code" does not include section 847 of the
2federal Internal Revenue Code. The Internal Revenue Code applies for Wisconsin
3purposes at the same time as for federal purposes. Amendments to the federal
4Internal Revenue Code enacted after December 31, 1999, do not apply to this
5paragraph with respect to taxable years beginning after December 31, 1999
, and
6before January 1, 2001, except that changes to the Internal Revenue Code made by
7P.L. 106-200, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L.
8106-554, and P.L. 106-573 and changes that indirectly affect the provisions
9applicable to this subchapter made by P.L. 106-200, P.L. 106-230, P.L. 106-554,
10excluding sections 162 and 165 of P.L. 106-554, and P.L. 106-573 apply for Wisconsin
11purposes at the same time as for federal purposes.
SB246, s. 63
12Section
63. 71.42 (2) (o) of the statutes is created to read:
SB246,80,613
71.42
(2) (o) For taxable years that begin after December 31, 2000, "Internal
14Revenue Code" means the federal Internal Revenue Code as amended to
15December 31, 2000, excluding sections 103, 104, and 110 of P.L.
102-227, sections
1613113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, sections 1123 (b),
171202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
106-519, and sections 162
18and 165 of P.L.
106-554, and as indirectly affected by P.L.
99-514, P.L.
100-203, P.L.
19100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
20102-227, excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
21102-486, P.L.
103-66, excluding sections 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, P.L.
106-170, P.L.
106-200, P.L.
106-230, P.L.
1106-554, excluding sections 162 and 165 of P.L.
106-554, and P.L.
106-573, except
2that "Internal Revenue Code" does not include section 847 of the federal Internal
3Revenue Code. The Internal Revenue Code applies for Wisconsin purposes at the
4same time as for federal purposes. Amendments to the federal Internal Revenue
5Code enacted after December 31, 2000, do not apply to this paragraph with respect
6to taxable years beginning after December 31, 2000.
SB246, s. 64
7Section
64. 71.45 (2) (a) 13. of the statutes is amended to read:
SB246,80,208
71.45
(2) (a) 13. By adding or subtracting, as appropriate, the difference
9between the depreciation deduction under the federal Internal Revenue Code as
10amended to December 31,
1999 2000, and the depreciation deduction under the
11federal Internal Revenue Code in effect for the taxable year for which the return is
12filed, so as to reflect the fact that the insurer may choose between these 2 deductions,
13except that property first placed in service by the taxpayer on or after
14January 1, 1983, but before January 1, 1987, that, under s. 71.04 (15) (b) and (br),
151985 stats., is required to be depreciated under the Internal Revenue Code as
16amended to December 31, 1980, and property first placed in service in taxable year
171981 or thereafter but before January 1, 1987, that, under s. 71.04 (15) (bm), 1985
18stats., is required to be depreciated under the Internal Revenue Code as amended
19to December 31, 1980, shall continue to be depreciated under the Internal Revenue
20Code as amended to December 31, 1980.
SB246,80,2522
(1)
Adoption of federal income tax law changes. Changes to the Internal
23Revenue Code made by P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554,
24apply to the definitions of the "Internal Revenue Code" in chapter 71 of the statutes
25at the time that those changes apply for federal income tax purposes.
SB246,81,42
(1)
Depreciation deductions. The treatment of sections 71.01 (7r), 71.26 (3) (y),
371.365 (1m), and 71.45 (2) (a) 13. of the statutes first applies to property placed in
4service in taxable years beginning on January 1, 2001.
