AB100,670,1510
71.25
(9) (dg) 1. Gross royalties and other gross receipts received for the sale
11or use of intangible property, including, but not limited to, patents, copyrights,
12trademarks, trade names, service names, franchises, licenses, plans, specifications,
13blueprints, processes, techniques, formulas, designs, layouts, patterns, drawings,
14manuals, technical know-how, contracts, and customer lists, are in this state if the
15user, purchaser, or licensee uses the intangible property at a location in this state.
AB100,671,216
2. Intangible property is used at a location in this state if the user, purchaser,
17or licensee uses the property in the operation of a trade or business at a location in
18this state, for personal use in this state, or if the user, purchaser, or licensee is an
19individual whose domicile is in this state. If the user, purchaser, or licensee uses the
20intangible property in more than one state, the gross royalties and other gross
21receipts from the sale or use of the intangible property shall be divided among those
22states having jurisdiction to impose an income tax on the taxpayer in proportion to
23the use of the intangible property in those states. To determine intangible property
24use in this state, the department may consider the number of licensed sites in each
1state, the volume of property manufactured, produced, or sold at locations in this
2state, or any other factors that reflect the use of the intangible property in this state.
AB100,671,63
3. If the taxpayer is not subject to income tax in the state in which the gross
4royalties or other gross receipts are considered received under this paragraph, but
5the taxpayer's commercial domicile is in this state, 50 percent of those gross royalties
6or other gross receipts shall be included in the numerator of the sales factor.
AB100, s. 1349
7Section
1349. 71.25 (9) (dh) of the statutes is created to read:
AB100,671,98
71.25
(9) (dh) 1. Gross receipts from services are in this state if the purchaser
9of the service received the benefit of the service in this state.
AB100,671,1010
2. The benefit of a service is received in this state if any of the following applies:
AB100,671,1111
a. The service relates to real property that is located in this state.
AB100,671,1412
b. The service relates to tangible personal property that is located in this state
13at the time that the service is received or tangible personal property that is delivered
14directly or indirectly to customers in this state.
AB100,671,1615
c. The service is provided to an individual who is physically present in this state
16at the time that the service is received.
AB100,671,1817
d. The service is provided to a person engaged in a trade or business in this state
18and relates to that person's business in this state.
AB100,671,2219
3. If the purchaser of a service receives the benefit of a service in more than one
20state, the gross receipts from the performance of the service are included in the
21numerator of the sales factor according to the portion of the service received in this
22state.
AB100,672,323
4. If the taxpayer is not subject to income tax in the state in which the benefit
24of the service is received, the benefit of the service is received in this state to the
25extent that the taxpayer's employees or representatives performed services from a
1location in this state. Fifty percent of the taxpayer's receipts that are considered
2received in this state under this paragraph shall be included in the numerator of the
3sales factor.
AB100, s. 1350
4Section
1350. 71.25 (9) (dm) of the statutes is created to read:
AB100,672,85
71.25
(9) (dm) If the income from sales, other than sales of tangible personal
6property, properly assignable to this state cannot be ascertained with reasonable
7certainty by the methods under pars. (db), (dd), (df), (dg), and (dh), the department
8may promulgate rules that specify how the income shall be apportioned.
AB100, s. 1351
9Section
1351. 71.25 (9) (e) 12. of the statutes is created to read:
AB100,672,1110
71.25
(9) (e) 12. Gross receipts from the sale, licensing, or use of intangible
11property in the ordinary course of the taxpayer's trade or business.
AB100, s. 1352
12Section
1352. 71.25 (9) (f) 5. of the statutes is amended to read:
AB100,672,1413
71.25
(9) (f) 5.
Proceeds Notwithstanding any other provision of this
14subsection, proceeds and gain or loss from the redemption of securities.
AB100, s. 1353
15Section
1353. 71.25 (9) (f) 7. of the statutes is amended to read:
AB100,672,1716
71.25
(9) (f) 7. Gross receipts and gain or loss from the sale of intangible assets,
17except those under par. (e) 1.
and 12.
AB100, s. 1354
18Section
1354. 71.25 (9) (f) 9. of the statutes is amended to read:
AB100,672,2019
71.25
(9) (f) 9.
Gross Notwithstanding any other provision of this subsection,
20gross receipts and gain or loss from the sale
or exchange of securities.
AB100, s. 1355
21Section
1355. 71.26 (2) (b) 10. of the statutes is repealed.
AB100, s. 1356
22Section
1356. 71.26 (2) (b) 11. of the statutes is repealed.
AB100, s. 1357
23Section
1357. 71.26 (2) (b) 12. of the statutes is amended to read:
AB100,676,2324
71.26
(2) (b) 12. For taxable years that begin after December 31, 1996, and
25before January 1, 1998, for a corporation, conduit or common law trust which
1qualifies as a regulated investment company, real estate mortgage investment
2conduit, real estate investment trust or financial asset securitization investment
3trust under the Internal Revenue Code as amended to December 31, 1996, excluding
4sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d),
513174, and 13203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311, and
61605 (d) of P.L.
104-188, and as amended by P.L.
105-33, P.L.
105-34, P.L.
105-206,
7P.L.
105-277, P.L.
106-36, P.L.
106-554, excluding sections 162 and 165 of P.L.
8106-554, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
9107-147, excluding sections 101 and 406 of P.L.
107-147,
and P.L.
107-181,
P.L.
10108-121, excluding section 109 of P.L. 108-121, P.L. 108-311, excluding sections 306,
11307, 308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101,
12201, 244, 336, 337, 909, and 910 of P.L. 108-357, 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.
105-206, P.L.
105-277, P.L.
20106-36, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-16,
21excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
107-147, excluding sections
22101 and 406 of P.L.
107-147,
and P.L.
107-181,
P.L. 108-121, excluding section 109
23of P.L. 108-121, P.L. 108-311, excluding sections 306, 307, 308, 401, and 403 (a) of
24P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 244, 336, 337, 909, and
25910 of P.L. 108-357, "net income" means the federal regulated investment company
1taxable income, federal real estate mortgage investment conduit taxable income,
2federal real estate investment trust or financial asset securitization investment
3trust taxable income of the corporation, conduit or trust as determined under the
4Internal Revenue Code as amended to December 31, 1996, excluding sections 103,
5104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203
6(d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
7104-188 and as amended by P.L.
105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277,
8P.L.
106-36, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
9107-16, excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
107-147, excluding
10sections 101 and 406 of P.L.
107-147,
and P.L.
107-181,
P.L. 108-121, excluding
11section 109 of P.L. 108-121, P.L. 108-311, excluding sections 306, 307, 308, 401, and
12403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 244, 336, 337,
13909, and 910 of P.L. 108-357, and as indirectly affected in the provisions applicable
14to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
15101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections
16103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding
17sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
18103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections
191123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
20104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
21106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-16, excluding
22section 431 of P.L.
107-16, P.L.
107-134, P.L.
107-147, excluding sections 101 and
23406 of P.L.
107-147,
and P.L.
107-181,
P.L. 108-121, excluding section 109 of P.L.
24108-121, P.L. 108-311, excluding sections 306, 307, 308, 401, and 403 (a) of P.L.
25108-311, and P.L. 108-357, excluding sections 101, 201, 244, 336, 337, 909, and 910
1of P.L. 108-357, except that property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats.,
2is required to be depreciated for taxable years 1983 to 1986 under the Internal
3Revenue Code as amended to December 31, 1980, shall continue to be depreciated
4under the Internal Revenue Code as amended to December 31, 1980, and except that
5the appropriate amount shall be added or subtracted to reflect differences between
6the depreciation or adjusted basis for federal income tax purposes and the
7depreciation or adjusted basis under this chapter of any property disposed of during
8the taxable year. The Internal Revenue Code as amended to December 31, 1996,
9excluding sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171
10(d), 13174, and 13203 (d) of P.L.
103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311,
11and 1605 (d) of P.L.
104-188, and as amended by P.L.
105-33, P.L.
105-34, P.L.
12105-206, P.L.
105-277, P.L.
106-36, P.L.
106-554, excluding sections 162 and 165 of
13P.L.
106-554, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
14107-147, excluding sections 101 and 406 of P.L.
107-147,
and P.L.
107-181,
P.L.
15108-121, excluding section 109 of P.L. 108-121, P.L. 108-311, excluding sections 306,
16307, 308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101,
17201, 244, 336, 337, 909, and 910 of P.L. 108-357, and as indirectly affected in the
18provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647,
19P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
20excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
21103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
22103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
23excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
24104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-206, P.L.
105-277, P.L.
25106-36, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-16,
1excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
107-147, excluding sections
2101 and 406 of P.L.
107-147,
and P.L.
107-181,
P.L. 108-121, excluding section 109
3of P.L. 108-121, P.L. 108-311, excluding sections 306, 307, 308, 401, and 403 (a) of
4P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 244, 336, 337, 909, and
5910 of P.L. 108-357, applies for Wisconsin purposes at the same time as for federal
6purposes. Amendments to the Internal Revenue Code enacted after
7December 31, 1996, do not apply to this subdivision with respect to taxable years
8that begin after December 31, 1996, and before January 1, 1998, except that
9changes to the Internal Revenue Code made by P.L.
105-33, P.L.
105-34, P.L.
10105-206, P.L.
105-277, P.L.
106-36, P.L.
106-554, excluding sections 162 and 165 of
11P.L.
106-554, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
12107-147, excluding sections 101 and 406 of P.L.
107-147,
and P.L.
107-181,
P.L.
13108-121, excluding section 109 of P.L. 108-121, P.L. 108-311, excluding sections 306,
14307, 308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101,
15201, 244, 336, 337, 909, and 910 of P.L. 108-357, and changes that indirectly affect
16the provisions applicable to this subchapter made by P.L.
105-33, P.L.
105-34, P.L.
17105-206, P.L.
105-277, P.L.
106-36, P.L.
106-554, excluding sections 162 and 165 of
18P.L.
106-554, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
19107-147, excluding sections 101 and 406 of P.L.
107-147,
and P.L.
107-181,
P.L.
20108-121, excluding section 109 of P.L. 108-121, P.L. 108-311, excluding sections 306,
21307, 308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101,
22201, 244, 336, 337, 909, and 910 of P.L. 108-357, apply for Wisconsin purposes at the
23same time as for federal purposes.
AB100, s. 1358
24Section
1358. 71.26 (2) (b) 13. of the statutes is amended to read:
AB100,681,2
171.26
(2) (b) 13. For taxable years that begin after December 31, 1997, and
2before January 1, 1999, for a corporation, conduit or common law trust which
3qualifies as a regulated investment company, real estate mortgage investment
4conduit, real estate investment trust or financial asset securitization investment
5trust under the Internal Revenue Code as amended to December 31, 1997, excluding
6sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d),
713174, and 13203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311, and
81605 (d) of P.L.
104-188, and as amended by P.L.
105-178, P.L.
105-206, P.L.
9105-277, P.L.
106-36, P.L.
106-170, P.L.
106-554, excluding sections 162 and 165 of
10P.L.
106-554, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
11107-147, excluding sections 101 and 406 of P.L.
107-147,
and P.L.
107-181,
P.L.
12108-121, excluding section 109 of P.L. 108-121, P.L. 108-311, excluding sections 306,
13307, 308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101,
14201, 244, 336, 337, 909, and 910 of P.L. 108-357, 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.
105-178, P.L.
105-206, P.L.
22105-277, P.L.
106-36, P.L.
106-170, P.L.
106-554, excluding sections 162 and 165 of
23P.L.
106-554, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
24107-147, excluding sections 101 and 406 of P.L.
107-147,
and P.L.
107-181,
P.L.
25108-121, excluding section 109 of P.L. 108-121, P.L. 108-311, excluding sections 306,
1307, 308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101,
2201, 244, 336, 337, 909, and 910 of P.L. 108-357, "net income" means the federal
3regulated investment company taxable income, federal real estate mortgage
4investment conduit taxable income, federal real estate investment trust or financial
5asset securitization investment trust taxable income of the corporation, conduit or
6trust as determined under the Internal Revenue Code as amended to December 31,
71997, excluding sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d),
813171 (d), 13174, and 13203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204
9(f), 1311, and 1605 (d) of P.L.
104-188, and as amended by P.L.
105-178, P.L.
105-206,
10P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
106-554, excluding sections 162 and
11165 of P.L.
106-554, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-134,
12P.L.
107-147, excluding sections 101 and 406 of P.L.
107-147,
and P.L.
107-181,
P.L.
13108-121, excluding section 109 of P.L. 108-121, P.L. 108-311, excluding sections 306,
14307, 308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101,
15201, 244, 336, 337, 909, and 910 of P.L. 108-357, and as indirectly affected in the
16provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647,
17P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
18excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
19103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
20103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
21excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
22104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
23105-277, P.L.
106-36, P.L.
106-170, P.L.
106-554, excluding sections 162 and 165 of
24P.L.
106-554, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
25107-147, excluding sections 101 and 406 of P.L.
107-147,
and P.L.
107-181,
P.L.
1108-121, excluding section 109 of P.L. 108-121, P.L. 108-311, excluding sections 306,
2307, 308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101,
3201, 244, 336, 337, 909, and 910 of P.L. 108-357, except that property that, under s.
471.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated for taxable years 1983
5to 1986 under the Internal Revenue Code as amended to December 31, 1980, shall
6continue to be depreciated under the Internal Revenue Code as amended to
7December 31, 1980, and except that the appropriate amount shall be added or
8subtracted to reflect differences between the depreciation or adjusted basis for
9federal income tax purposes and the depreciation or adjusted basis under this
10chapter of any property disposed of during the taxable year. The Internal Revenue
11Code as amended to December 31, 1997, 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.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170,
15P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-16, excluding
16section 431 of P.L.
107-16, P.L.
107-134, P.L.
107-147, excluding sections 101 and
17406 of P.L.
107-147,
and P.L.
107-181,
P.L. 108-121, excluding section 109 of P.L.
18108-121, P.L. 108-311, excluding sections 306, 307, 308, 401, and 403 (a) of P.L.
19108-311, and P.L. 108-357, excluding sections 101, 201, 244, 336, 337, 909, and 910
20of P.L. 108-357, and as indirectly affected in the provisions applicable to this
21subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
22P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104,
23and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
2413113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
25103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202
1(c), 1204 (f), 1311 and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
2105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
3106-170, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-16,
4excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
107-147, excluding sections
5101 and 406 of P.L.
107-147,
and P.L.
107-181,
P.L. 108-121, excluding section 109
6of P.L. 108-121, P.L. 108-311, excluding sections 306, 307, 308, 401, and 403 (a) of
7P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 244, 336, 337, 909, and
8910 of P.L. 108-357, applies for Wisconsin purposes at the same time as for federal
9purposes. Amendments to the Internal Revenue Code enacted after December 31,
101997, do not apply to this subdivision with respect to taxable years that begin after
11December 31, 1997, and before January 1, 1999, except that changes to the Internal
12Revenue Code made by P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
13106-170, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-16,
14excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
107-147, excluding sections
15101 and 406 of P.L.
107-147,
and P.L.
107-181,
P.L. 108-121, excluding section 109
16of P.L. 108-121,P.L. 108-311, excluding sections 306, 307, 308, 401, and 403 (a) of P.L.
17108-311, and P.L. 108-357, excluding sections 101, 201, 244, 336, 337, 909, and 910
18of P.L. 108-357, and changes that indirectly affect the provisions applicable to this
19subchapter made by P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
20106-170, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-16,
21excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
107-147, excluding sections
22101 and 406 of P.L.
107-147,
and P.L.
107-181,
P.L. 108-121, excluding section 109
23of P.L. 108-121, P.L. 108-311, excluding sections 306, 307, 308, 401, and 403 (a) of
24P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 244, 336, 337, 909, and
1910 of P.L. 108-357, apply for Wisconsin purposes at the same time as for federal
2purposes.
AB100, s. 1359
3Section
1359. 71.26 (2) (b) 14. of the statutes is amended to read:
AB100,685,44
71.26
(2) (b) 14. For taxable years that begin after December 31, 1998, and
5before January 1, 2000, 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, 1998, 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.
106-36, P.L.
106-170, P.L.
106-230,
12P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-16, excluding
13section 431 of P.L.
107-16, P.L.
107-134, P.L.
107-147, excluding sections 101 and
14406 of P.L.
107-147, P.L.
107-181,
and P.L.
107-276,
P.L. 108-121, excluding section
15109 of P.L. 108-121, P.L. 108-311, excluding sections 306, 307, 308, 401, and 403 (a)
16of P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 244, 336, 337, 909,
17and 910 of P.L. 108-357, and as indirectly affected in the provisions applicable to this
18subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
19P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104,
20and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
2113113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
22103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202
23(c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
24105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
25106-170, P.L.
106-230, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554,
1P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
107-147,
2excluding sections 101 and 406 of P.L.
107-147, P.L.
107-181,
and P.L.
107-276,
P.L.
3108-121, excluding section 109 of P.L. 108-121, P.L. 108-311, excluding sections 306,
4307, 308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101,
5201, 244, 336, 337, 909, and 910 of P.L. 108-357, "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 December 31,
101998, excluding sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d),
1113171 (d), 13174, and 13203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204
12(f), 1311, and 1605 (d) of P.L.
104-188, and as amended by P.L.
106-36, P.L.
106-170,
13P.L.
106-230, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
14107-16, excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
107-147, excluding
15sections 101 and 406 of P.L.
107-147, P.L.
107-181,
and P.L.
107-276,
P.L. 108-121,
16excluding section 109 of P.L. 108-121, P.L. 108-311, excluding sections 306, 307, 308,
17401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 244,
18336, 337, 909, and 910 of P.L. 108-357, and as indirectly affected in the provisions
19applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
20101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
21excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
22103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
23103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
24excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
25104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
1105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554, excluding sections
2162 and 165 of P.L.
106-554, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
3107-134, P.L.
107-147, excluding sections 101 and 406 of P.L.
107-147, P.L.
107-181,
4and P.L.
107-276,
P.L. 108-121, excluding section 109 of P.L. 108-121, P.L. 108-311,
5excluding sections 306, 307, 308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357,
6excluding sections 101, 201, 244, 336, 337, 909, and 910 of P.L. 108-357, except that
7property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated
8for taxable years 1983 to 1986 under the Internal Revenue Code as amended to
9December 31, 1980, shall continue to be depreciated under the Internal Revenue
10Code as amended to December 31, 1980, and except that the appropriate amount
11shall be added or subtracted to reflect differences between the depreciation or
12adjusted basis for federal income tax purposes and the depreciation or adjusted basis
13under this chapter of any property disposed of during the taxable year. The Internal
14Revenue Code as amended to December 31, 1998, excluding sections 103, 104, and
15110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
16103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188,
17and as amended by P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554, excluding
18sections 162 and 165 of P.L.
106-554, P.L.
107-16, excluding section 431 of P.L.
19107-16, P.L.
107-134, P.L.
107-147, excluding sections 101 and 406 of P.L.
107-147,
20P.L.
107-181,
and P.L.
107-276,
P.L. 108-121, excluding section 109 of P.L. 108-121,
21P.L. 108-311, excluding sections 306, 307, 308, 401, and 403 (a) of P.L. 108-311, and
22P.L. 108-357, excluding sections 101, 201, 244, 336, 337, 909, and 910 of P.L.
23108-357, and as indirectly affected in the provisions applicable to this subchapter
24by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179,
25P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104, and 110 of P.L.
1102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
2(d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
3103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
41311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
5105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
6106-230, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-16,
7excluding section 431 of P.L.
107-16, P.L.
107-134, P.L.
107-147, excluding sections
8101 and 406 of P.L.
107-147, P.L.
107-181,
and P.L.
107-276,
P.L. 108-121, excluding
9section 109 of P.L. 108-121, P.L. 108-311, excluding sections 306, 307, 308, 401, and
10403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 244, 336, 337,
11909, and 910 of P.L. 108-357, applies for Wisconsin purposes at the same time as for
12federal purposes. Amendments to the Internal Revenue Code enacted after
13December 31, 1998, do not apply to this subdivision with respect to taxable years that
14begin after December 31, 1998, and before January 1, 2000, except that changes to
15the Internal Revenue Code made by P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
16106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-16, excluding
17section 431 of P.L.
107-16, P.L.
107-134, P.L.
107-147, excluding sections 101 and
18406 of P.L.
107-147, P.L.
107-181,
and P.L.
107-276,
P.L. 108-121, excluding section
19109 of P.L. 108-121, P.L. 108-311, excluding sections 306, 307, 308, 401, and 403 (a)
20of P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 244, 336, 337, 909,
21and 910 of P.L. 108-357, and changes that indirectly affect the provisions applicable
22to this subchapter made by P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554,
23excluding sections 162 and 165 of P.L.
106-554, P.L.
107-16, excluding section 431
24of P.L.
107-16, P.L.
107-134, P.L.
107-147, excluding sections 101 and 406 of P.L.
25107-147, P.L.
107-181,
and P.L.
107-276,
P.L. 108-121, excluding section 109 of P.L.
1108-121, P.L. 108-311, excluding sections 306, 307, 308, 401, and 403 (a) of P.L.
2108-311, and P.L. 108-357, excluding sections 101, 201, 244, 336, 337, 909, and 910
3of P.L. 108-357, apply for Wisconsin purposes at the same time as for federal
4purposes.
AB100, s. 1360
5Section
1360. 71.26 (2) (b) 15. of the statutes is amended to read:
AB100,689,196
71.26
(2) (b) 15. For taxable years that begin after December 31, 1999, and
7before January 1, 2003, for a corporation, conduit or common law trust which
8qualifies as a regulated investment company, real estate mortgage investment
9conduit, real estate investment trust or financial asset securitization investment
10trust under the Internal Revenue Code as amended to December 31, 1999, excluding
11sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d),
1213174, and 13203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311, and
131605 (d) of P.L.
104-188, and as amended by P.L.
106-230, P.L.
106-554, excluding
14sections 162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding section 431
15of P.L.
107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding
16sections 101 and 406 of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276,
and 17P.L.
107-358,
P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L.
18108-121, excluding section 109 of P.L. 108-121, P.L. 108-218, P.L. 108-311,
19excluding sections 306, 307, 308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357,
20excluding sections 101, 201, 244, 336, 337, 909, and 910 of P.L. 108-357, 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
2(d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
3105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
4106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16,
5excluding section 431 of P.L.
107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
6107-147, excluding sections 101 and 406 of P.L.
107-147, P.L.
107-181, P.L.
107-210,
7P.L.
107-276,
and P.L.
107-358,
P.L. 108-27, excluding sections 106, 201, and 202
8of P.L. 108-27, P.L. 108-121, excluding section 109 of P.L. 108-121, P.L. 108-218, P.L.
9108-311, excluding sections 306, 307, 308, 401, and 403 (a) of P.L. 108-311, and P.L.
10108-357, excluding sections 101, 201, 244, 336, 337, 909, and 910 of P.L. 108-357, 11"net income" means the federal regulated investment company taxable income,
12federal real estate mortgage investment conduit taxable income, federal real estate
13investment trust or financial asset securitization investment trust taxable income
14of the corporation, conduit or trust as determined under the Internal Revenue Code
15as amended to December 31, 1999, excluding sections 103, 104, and 110 of P.L.
16102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66 17and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, and as
18amended by P.L.
106-230, P.L.
106-554, excluding sections 162 and 165 of P.L.
19106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-22,
20P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding sections 101 and 406 of P.L.
21107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276,
and P.L.
107-358,
P.L. 108-27,
22excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, excluding section
23109 of P.L. 108-121, P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308,
24401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 244,
25336, 337, 909, and 910 of P.L. 108-357, and as indirectly affected in the provisions
1applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
2101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
3excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
4103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
5103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
6excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
7104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
8105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554, excluding sections
9162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
10107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding sections
11101 and 406 of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276,
and P.L.
12107-358,
P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L.
13108-121, excluding section 109 of P.L. 108-121, P.L. 108-218, P.L. 108-311,
14excluding sections 306, 307, 308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357,
15excluding sections 101, 201, 244, 336, 337, 909, and 910 of P.L. 108-357, except that
16property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated
17for taxable years 1983 to 1986 under the Internal Revenue Code as amended to
18December 31, 1980, shall continue to be depreciated under the Internal Revenue
19Code as amended to December 31, 1980, and except that the appropriate amount
20shall be added or subtracted to reflect differences between the depreciation or
21adjusted basis for federal income tax purposes and the depreciation or adjusted basis
22under this chapter of any property disposed of during the taxable year. The Internal
23Revenue Code as amended to December 31, 1999, excluding sections 103, 104, and
24110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
25103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188,
1and as amended by P.L.
106-230, P.L.
106-554, excluding sections 162 and 165 of P.L.
2106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-22,
3P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding sections 101 and 406 of P.L.
4107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276,
and P.L.
107-358,
P.L. 108-27,
5excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, excluding section
6109 of P.L. 108-121, P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308,
7401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 244,
8336, 337, 909, and 910 of P.L. 108-357, and as indirectly affected in the provisions
9applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
10101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
11excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
12103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
13103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
14excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
15104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
16105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554, excluding sections
17162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
18107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding sections
19101 and 406 of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276,
and P.L.
20107-358,
P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L.
21108-121, excluding section 109 of P.L. 108-121, P.L. 108-218, P.L. 108-311,
22excluding sections 306, 307, 308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357,
23excluding sections 101, 201, 244, 336, 337, 909, and 910 of P.L. 108-357, applies for
24Wisconsin purposes at the same time as for federal purposes. Amendments to the
25Internal Revenue Code enacted after December 31, 1999, do not apply to this
1subdivision with respect to taxable years that begin after December 31, 1999, and
2before January 1, 2003, except that changes to the Internal Revenue Code made by
3P.L.
106-230, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
4107-15, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-22, P.L.
107-116,
5P.L.
107-134, P.L.
107-147, excluding sections 101 and 406 of P.L.
107-147, P.L.
6107-181, P.L.
107-210, P.L.
107-276,
and P.L.
107-358,
P.L. 108-27, excluding
7sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, excluding section 109 of P.L.
8108-121, P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308, 401, and 403
9(a) of P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 244, 336, 337, 909,
10and 910 of P.L. 108-357, and changes that indirectly affect the provisions applicable
11to this subchapter made by P.L.
106-230, P.L.
106-554, excluding sections 162 and
12165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
107-16,
13P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding sections 101 and
14406 of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276,
and P.L.
107-358,
P.L.
15108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, excluding
16section 109 of P.L. 108-121, P.L. 108-218, P.L. 108-311, excluding sections 306, 307,
17308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101, 201,
18244, 336, 337, 909, and 910 of P.L. 108-357, apply for Wisconsin purposes at the same
19time as for federal purposes.
AB100, s. 1361
20Section
1361. 71.26 (2) (b) 16. of the statutes is amended to read:
AB100,694,221
71.26
(2) (b) 16. For taxable years that begin after December 31, 2002,
and
22before January 1, 2004, for a corporation, conduit, or common law trust which
23qualifies as a regulated investment company, real estate mortgage investment
24conduit, real estate investment trust, or financial asset securitization investment
25trust under the Internal Revenue Code as amended to December 31, 2002, excluding
1sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d),
213174, and 13203 (d) of P.L.
103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and
31605 (d) of P.L.
104-188, P.L.
106-519, sections 162 and 165 of P.L.
106-554, P.L.
4106-573, section 431 of P.L.
107-16, and section 101 of P.L.
107-147,
and as amended
5by P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121,
6excluding section 109 of P.L. 108-121, P.L. 108-173, excluding section 1201 of P.L.
7108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308,
8401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 244,
9336, 337, 909, and 910 of P.L. 108-357, and as indirectly affected in the provisions
10applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
11101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
12excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
13103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
14103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
15excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
16104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
17105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554, excluding sections
18162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
19107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding section 101
20of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276,
and P.L.
107-358,
P.L.
21108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, excluding
22section 109 of P.L. 108-121, P.L. 108-173, excluding section 1201 of P.L. 108-173,
23P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308, 401, and
24403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 244, 336, 337,
25909, and 910 of P.L. 108-357, "net income" means the federal regulated investment
1company taxable income, federal real estate mortgage investment conduit taxable
2income, federal real estate investment trust or financial asset securitization
3investment trust taxable income of the corporation, conduit, or trust as determined
4under the Internal Revenue Code as amended to December 31, 2002, excluding
5sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d),
613174, and 13203 (d) of P.L.
103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and
71605 (d) of P.L.
104-188, P.L.
106-519, sections 162 and 165 of P.L.
106-554, P.L.
8106-573, section 431 of P.L.
107-16, and section 101 of P.L.
107-147,
and as amended
9by P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121,
10excluding section 109 of P.L. 108-121, P.L. 108-173, excluding section 1201 of P.L.
11108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308,
12401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 244,
13336, 337, 909, and 910 of P.L. 108-357, 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, P.L.
106-170, P.L.
106-230, P.L.
106-554, excluding sections
22162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
23107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147, excluding section 101
24of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276,
and P.L.
107-358,
P.L.
25108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, excluding
1section 109 of P.L. 108-121, P.L. 108-173, excluding section 1201 of P.L. 108-173,
2P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308, 401, and
3403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 244, 336, 337,
4909, and 910 of P.L. 108-357, except that property that, under s. 71.02 (1) (c) 8. to 11.,
51985 stats., is required to be depreciated for taxable years 1983 to 1986 under the
6Internal Revenue Code as amended to December 31, 1980, shall continue to be
7depreciated under the Internal Revenue Code as amended to December 31, 1980,
8and except that the appropriate amount shall be added or subtracted to reflect
9differences between the depreciation or adjusted basis for federal income tax
10purposes and the depreciation or adjusted basis under this chapter of any property
11disposed of during the taxable year. The Internal Revenue Code as amended to
12December 31, 2002, excluding sections 103, 104, and 110 of P.L.
102-227, sections
1313113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, sections 1123 (b),
141202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
106-519, sections 162 and
15165 of P.L.
106-554, P.L.
106-573, section 431 of P.L.
107-16, and section 101 of P.L.
16107-147,
and as amended by P.L. 108-27, excluding sections 106, 201, and 202 of P.L.
17108-27, P.L. 108-121, excluding section 109 of P.L. 108-121, P.L. 108-173, excluding
18section 1201 of P.L. 108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding
19sections 306, 307, 308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding
20sections 101, 201, 244, 336, 337, 909, and 910 of P.L. 108-357, 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, P.L.
106-170, P.L.
106-230, P.L.
106-554,
4excluding sections 162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding
5section 431 of P.L.
107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147,
6excluding section 101 of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276,
and 7P.L.
107-358,
P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L.
8108-121, excluding section 109 of P.L. 108-121, P.L. 108-173, excluding section 1201
9of P.L. 108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections 306,
10307, 308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101,
11201, 244, 336, 337, 909, and 910 of P.L. 108-357, applies for Wisconsin purposes at
12the same time as for federal purposes. Amendments to the Internal Revenue Code
13enacted after December 31, 2002, do not apply to this subdivision with respect to
14taxable years that begin after December 31, 2002
, and before January 1, 2004,
15except that changes to the Internal Revenue Code made by P.L. 108-27, excluding
16sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, excluding section 109 of P.L.
17108-121, P.L. 108-173, excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L.
18108-218, P.L. 108-311, excluding sections 306, 307, 308, 401, and 403 (a) of P.L.
19108-311, and P.L. 108-357, excluding sections 101, 201, 244, 336, 337, 909, and 910
20of P.L. 108-357, and changes that indirectly affect the provisions applicable to this
21subchapter made by P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27,
22P.L. 108-121, excluding section 109 of P.L. 108-121, P.L. 108-173, excluding section
231201 of P.L. 108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections
24306, 307, 308, 401, and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections
1101, 201, 244, 336, 337, 909, and 910 of P.L. 108-357, apply for Wisconsin purposes
2at the same time as for federal purposes.
AB100, s. 1362
3Section
1362. 71.26 (2) (b) 17. of the statutes is created to read:
AB100,698,34
71.26
(2) (b) 17. For taxable years that begin after December 31, 2003, and
5before January 1, 2005, 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, 2003, 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, sections 1123 (b), 1202 (c), 1204 (f), 1311, and
111605 (d) of P.L.
104-188, P.L.
106-519, sections 162 and 165 of P.L.
106-554, P.L.
12106-573, section 431 of P.L.
107-16, section 101 of P.L.
107-147, sections 106, 201,
13and 202 of P.L.
108-27, section 109 of P.L.
108-121, and section 1201 of P.L.
108-173,
14and as amended by P.L.
108-203, P.L.
108-218, P.L.
108-311, excluding sections 306,
15307, 308, 401, and 403 (a) of P.L.
108-311, P.L.
108-357, excluding sections 101, 201,
16244, 336, 337, 909, and 910 of P.L.
108-357, and P.L.
108-476, and as indirectly
17affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203,
18P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508,
19P.L.
102-227, 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, and
2113203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
22104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
23104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
24105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554,
25excluding sections 162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding
1section 431 of P.L.
107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147,
2excluding section 101 of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276, P.L.
3107-358, P.L.
108-27, excluding sections 106, 201, and 202 of P.L.
108-27, P.L.
4108-121, excluding section 109 of P.L.
108-121, P.L.
108-173, excluding section 1201
5of P.L.
108-173, P.L.
108-203, P.L.
108-218, P.L.
108-311, excluding sections 306,
6307, 308, 401, and 403 (a) of P.L.
108-311, P.L.
108-357, excluding sections 101, 201,
7244, 336, 337, 909, and 910 of P.L.
108-357, and P.L.
108-476, "net income" means
8the federal regulated investment company taxable income, federal real estate
9mortgage investment conduit taxable income, federal real estate investment trust
10or financial asset securitization investment trust taxable income of the corporation,
11conduit, or trust as determined under the Internal Revenue Code as amended to
12December 31, 2003, excluding sections 103, 104, and 110 of P.L.
102-227, sections
1313113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, sections 1123 (b),
141202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
106-519, sections 162 and
15165 of P.L.
106-554, P.L.
106-573, section 431 of P.L.
107-16, section 101 of P.L.
16107-147, sections 106, 201, and 202 of P.L.
108-27, section 109 of P.L.
108-121, and
17section 1201 of P.L.
108-173, and as amended by P.L.
108-203, P.L.
108-218, P.L.
18108-311, excluding sections 306, 307, 308, 401, and 403 (a) of P.L.
108-311, P.L.
19108-357, excluding sections 101, 201, 244, 336, 337, 909, and 910 of P.L.
108-357,
20and P.L.
108-476, and as indirectly affected in the provisions applicable to this
21subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
22P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104,
23and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
2413113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
25103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202
1(c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
2105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
3106-170, P.L.
106-230, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554,
4P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-22, P.L.
5107-116, P.L.
107-134, P.L.
107-147, excluding section 101 of P.L.
107-147, P.L.
6107-181, P.L.
107-210, P.L.
107-276, P.L.
107-358, P.L.
108-27, excluding sections
7106, 201, and 202 of P.L.
108-27, P.L.
108-121, excluding section 109 of P.L.
108-121,
8P.L.
108-173, excluding section 1201 of P.L.
108-173, P.L.
108-203, P.L.
108-218,
9P.L.
108-311, excluding sections 306, 307, 308, 401, and 403 (a) of P.L.
108-311, P.L.
10108-357, excluding sections 101, 201, 244, 336, 337, 909, and 910 of P.L.
108-357,
11and P.L.
108-476, except that property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats.,
12is required to be depreciated for taxable years 1983 to 1986 under the Internal
13Revenue Code as amended to December 31, 1980, shall continue to be depreciated
14under the Internal Revenue Code as amended to December 31, 1980, and except that
15the appropriate amount shall be added or subtracted to reflect differences between
16the depreciation or adjusted basis for federal income tax purposes and the
17depreciation or adjusted basis under this chapter of any property disposed of during
18the taxable year. The Internal Revenue Code as amended to December 31, 2003,
19excluding sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171
20(d), 13174, and 13203 (d) of P.L.
103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and
211605 (d) of P.L.
104-188, P.L.
106-519, sections 162 and 165 of P.L.
106-554, P.L.
22106-573, section 431 of P.L.
107-16, section 101 of P.L.
107-147, sections 106, 201,
23and 202 of P.L.
108-27, section 109 of P.L.
108-121, and section 1201 of P.L.
108-173,
24and as amended by P.L.
108-203, P.L.
108-218, P.L.
108-311, excluding sections 306,
25307, 308, 401, and 403 (a) of P.L.
108-311, P.L.
108-357, excluding sections 101, 201,
1244, 336, 337, 909, and 910 of P.L.
108-357, and P.L.
108-476, and as indirectly
2affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203,
3P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508,
4P.L.
102-227, excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
5102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and
613203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
7104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
8104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
9105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554,
10excluding sections 162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding
11section 431 of P.L.
107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147,
12excluding section 101 of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276, P.L.
13107-358, P.L.
108-27, excluding sections 106, 201, and 202 of P.L.
108-27, P.L.
14108-121, excluding section 109 of P.L.
108-121, P.L.
108-173, excluding section 1201
15of P.L.
108-173, P.L.
108-203, P.L.
108-218, P.L.
108-311, excluding sections 306,
16307, 308, 401, and 403 (a) of P.L.
108-311, P.L.
108-357, excluding sections 101, 201,
17244, 336, 337, 909, and 910 of P.L.
108-357, and P.L.
108-476, applies for Wisconsin
18purposes at the same time as for federal purposes. Amendments to the Internal
19Revenue Code enacted after December 31, 2003, do not apply to this subdivision with
20respect to taxable years that begin after December 31, 2003, and before January 1,
212005, except that changes to the Internal Revenue Code made by P.L.
108-203, P.L.
22108-218, P.L.
108-311, excluding sections 306, 307, 308, 401, and 403 (a) of P.L.
23108-311, P.L.
108-357, excluding sections 101, 201, 244, 336, 337, 909, and 910 of
24P.L.
108-357, and P.L.
108-476, and changes that indirectly affect the provisions
25applicable to this subchapter made by P.L.
108-203, P.L.
108-218, P.L.
108-311,
1excluding sections 306, 307, 308, 401, and 403 (a) of P.L.
108-311, P.L.
108-357,
2excluding sections 101, 201, 244, 336, 337, 909, and 910 of P.L.
108-357, and P.L.
3108-476, apply for Wisconsin purposes at the same time as for federal purposes.
AB100, s. 1363
4Section
1363. 71.26 (2) (b) 18. of the statutes is created to read:
AB100,701,155
71.26
(2) (b) 18. For taxable years that begin after December 31, 2004, for a
6corporation, conduit, or common law trust which qualifies as a regulated investment
7company, real estate mortgage investment conduit, real estate investment trust, or
8financial asset securitization investment trust under the Internal Revenue Code as
9amended to December 31, 2004, excluding sections 103, 104, and 110 of P.L.
102-227,
10sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, sections
111123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, sections 1, 3, 4, and
125 of P.L.
106-519, sections 162 and 165 of P.L.
106-554, P.L.
106-573, section 431 of
13P.L.
107-16, section 101 of P.L.
107-147, sections 106, 201, and 202 of P.L.
108-27,
14section 1201 of P.L.
108-173, sections 306, 308, 401, and 403 (a) of P.L.
108-311, and
15sections 101, 201, 244, 336, 337, 909, and 910 of P.L.
108-357, and as indirectly
16affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203,
17P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508,
18P.L.
102-227, excluding sections 103, 104, and 110 of P.L.
102-227, P.L.
102-318, P.L.
19102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and
2013203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
21104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
22104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
23105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
106-230, P.L.
106-554,
24excluding sections 162 and 165 of P.L.
106-554, P.L.
107-15, P.L.
107-16, excluding
25section 431 of P.L.
107-16, P.L.
107-22, P.L.
107-116, P.L.
107-134, P.L.
107-147,
1excluding section 101 of P.L.
107-147, P.L.
107-181, P.L.
107-210, P.L.
107-276, P.L.
2107-358, P.L.
108-27, excluding sections 106, 201, and 202 of P.L.
108-27, P.L.
3108-121, P.L.
108-173, excluding section 1201 of P.L.
108-173, P.L.
108-203, P.L.
4108-218, P.L.
108-311, excluding sections 306, 308, 401, and 403 (a) of P.L.
108-311,
5P.L.
108-357, excluding sections 101, 201, 244, 336, 337, 909, and 910 of P.L.
6108-357, and P.L.
108-476, "net income" means the federal regulated investment
7company taxable income, federal real estate mortgage investment conduit taxable
8income, federal real estate investment trust or financial asset securitization
9investment trust taxable income of the corporation, conduit, or trust as determined
10under the Internal Revenue Code as amended to December 31, 2004, excluding
11sections 103, 104, and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d),
1213174, and 13203 (d) of P.L.
103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and
131605 (d) of P.L.
104-188, sections 1, 3, 4, and 5 of P.L.
106-519, sections 162 and 165
14of P.L.
106-554, P.L.
106-573, section 431 of P.L.
107-16, section 101 of P.L.
107-147,
15sections 106, 201, and 202 of P.L.
108-27, section 1201 of P.L.
108-173, sections 306,
16308, 401, and 403 (a) of P.L.
108-311, and sections 101, 201, 244, 336, 337, 909, and
17910 of P.L.
108-357, and as indirectly affected in the provisions applicable to this
18subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
19P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104,
20and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
2113113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
22103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202
23(c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
24105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
25106-170, P.L.
106-230, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554,
1P.L.
107-15, P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-22, P.L.
2107-116, P.L.
107-134, P.L.
107-147, excluding section 101 of P.L.
107-147, P.L.
3107-181, P.L.
107-210, P.L.
107-276, P.L.
107-358, P.L.
108-27, excluding sections
4106, 201, and 202 of P.L.
108-27, P.L.
108-121, P.L.
108-173, excluding section 1201
5of P.L.
108-173, P.L.
108-203, P.L.
108-218, P.L.
108-311, excluding sections 306,
6308, 401, and 403 (a) of P.L.
108-311, P.L.
108-357, excluding sections 101, 201, 244,
7336, 337, 909, and 910 of P.L.
108-357, and P.L.
108-476, except that property that,
8under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated for taxable
9years 1983 to 1986 under the Internal Revenue Code as amended to
10December 31, 1980, shall continue to be depreciated under the Internal Revenue
11Code as amended to December 31, 1980, and except that the appropriate amount
12shall be added or subtracted to reflect differences between the depreciation or
13adjusted basis for federal income tax purposes and the depreciation or adjusted basis
14under this chapter of any property disposed of during the taxable year. The Internal
15Revenue Code as amended to December 31, 2004, excluding sections 103, 104, and
16110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
17103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
104-188,
18sections 1, 3, 4, and 5 of P.L.
106-519, sections 162 and 165 of P.L.
106-554, P.L.
19106-573, section 431 of P.L.
107-16, section 101 of P.L.
107-147, sections 106, 201,
20and 202 of P.L.
108-27, section 1201 of P.L.
108-173, sections 306, 308, 401, and 403
21(a) of P.L.
108-311, and sections 101, 201, 244, 336, 337, 909, and 910 of P.L.
108-357,
22and as indirectly affected in the provisions applicable to this subchapter by P.L.
2399-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
24101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104, and 110 of P.L.
25102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
1(d), 13171 (d), 13174, and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
2103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
31311, and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
4105-34, P.L.
105-178, P.L.
105-206, P.L.
105-277, P.L.
106-36, P.L.
106-170, P.L.
5106-230, P.L.
106-554, excluding sections 162 and 165 of P.L.
106-554, P.L.
107-15,
6P.L.
107-16, excluding section 431 of P.L.
107-16, P.L.
107-22, P.L.
107-116, P.L.
7107-134, P.L.
107-147, excluding section 101 of P.L.
107-147, P.L.
107-181, P.L.
8107-210, P.L.
107-276, P.L.
107-358, P.L.
108-27, excluding sections 106, 201, and
9202 of P.L.
108-27, P.L.
108-121, P.L.
108-173, excluding section 1201 of P.L.
10108-173, P.L.
108-203, P.L.
108-218, P.L.
108-311, excluding sections 306, 308, 401,
11and 403 (a) of P.L.
108-311, P.L.
108-357, excluding sections 101, 201, 244, 336, 337,
12909, and 910 of P.L.
108-357, and P.L.
108-476, applies for Wisconsin purposes at the
13same time as for federal purposes. Amendments to the Internal Revenue Code
14enacted after December 31, 2004, do not apply to this subdivision with respect to
15taxable years that begin after December 31, 2004.
AB100, s. 1364
16Section
1364. 71.28 (1dd) (a) 1. of the statutes is amended to read:
AB100,701,2017
71.28
(1dd) (a) 1. "Day care center benefits" means benefits provided at a day
18care facility that is licensed under s.
48.65 or 48.69
49.98 or 49.99 and that for
19compensation provides care for at least 6 children or benefits provided at a facility
20for persons who are physically or mentally incapable of caring for themselves.
AB100, s. 1365
21Section
1365. 71.28 (1di) (b) 1. of the statutes is repealed.
AB100,701,22
22*-0402/7.6*
Section
1366. 71.28 (1dL) (c) 1. of the statutes is repealed.
AB100,701,24
23*-0402/8*
Section
1367. 71.28 (1dL) (c) 2. of the statutes is renumbered 71.28
24(1dL) (c).
AB100,701,25
25*-0402/8*
Section
1368. 71.28 (1dL) (d) of the statutes is amended to read:
AB100,702,3
171.28
(1dL) (d) Except as provided in par. (c)
2., the carry-over provisions of
2sub. (4) (e) and (f) as they relate to the credit under that subsection relate to the credit
3under this subsection and apply as if the development zone continued to exist.
AB100, s. 1369
4Section
1369. 71.28 (1dm) (hm) of the statutes is amended to read:
AB100,702,125
71.28
(1dm) (hm)
Credits claimed
A claimant may claim the credit under this
6subsection, including any credits carried over,
may be offset only against the amount
7of the tax otherwise due under this subchapter
attributable to income from the
8business operations of the claimant in the development zone; except that a claimant
9in a development zone under s. 560.795 (1) (e) may offset credits, including any
10credits carried over, against the amount of the tax otherwise due under this
11subchapter attributable to all of the claimant's income; and against the tax
12attributable to income from directly related business operations of the claimant.
AB100, s. 1370
13Section
1370. 71.28 (1dx) (a) 5. of the statutes is amended to read:
AB100,703,214
71.28
(1dx) (a) 5. "Member of a targeted group" means a person who resides
15in an
empowerment zone, or an enterprise community, that the U.S. government
16designates area designated by the federal government as an economic revitalization
17area, a person who is employed in an unsubsidized job but meets the eligibility
18requirements under s. 49.145 (2) and (3) for a Wisconsin
works Works employment
19position, a person who is employed in a trial job, as defined in s. 49.141 (1) (n), a
20person who is eligible for child care assistance under s. 49.155, a person who is a
21vocational rehabilitation referral, an economically disadvantaged youth, an
22economically disadvantaged veteran, a supplemental security income recipient, a
23general assistance recipient, an economically disadvantaged ex-convict, a qualified
24summer youth employee, as defined in
26 USC 51 (d) (7), a dislocated worker, as
25defined in
29 USC 2801 (9), or a food stamp recipient
;
, if the person has been certified
1in the manner under sub. (1dj) (am) 3. by a designated local agency, as defined in sub.
2(1dj) (am) 2.
AB100, s. 1371
3Section
1371. 71.28 (1dx) (b) (intro.) of the statutes is amended to read:
AB100,703,94
71.28
(1dx) (b)
Credit. (intro.) Except as provided in pars. (be) and (bg) and
5in s. 73.03 (35), and subject to s. 560.785, for any taxable year for which the person
6is entitled under s. 560.795 (3) to claim tax benefits or certified under s. 560.765 (3),
7560.797 (4) or 560.798 (3), any person may claim as a credit against
the taxes
imposed
8on the person's income from the person's business activities in a development zone 9otherwise due under this chapter the following amounts:
AB100, s. 1372
10Section
1372. 71.28 (1dx) (b) 2. of the statutes is amended to read:
AB100,703,1511
71.28
(1dx) (b) 2. The amount determined by multiplying the amount
12determined under s. 560.785 (1) (b) by the number of full-time jobs created in a
13development zone and filled by a member of a targeted group and by then subtracting
14the subsidies paid under s. 49.147 (3) (a)
or the subsidies and reimbursements paid
15under s. 49.147 (3) (d) 5. for those jobs.
AB100, s. 1373
16Section
1373. 71.28 (1dx) (b) 3. of the statutes is amended to read:
AB100,703,2117
71.28
(1dx) (b) 3. The amount determined by multiplying the amount
18determined under s. 560.785 (1) (c) by the number of full-time jobs created in a
19development zone and not filled by a member of a targeted group and by then
20subtracting the subsidies paid under s. 49.147 (3) (a)
or the subsidies and
21reimbursements paid under s. 49.147 (3) (d) 5. for those jobs.
AB100, s. 1374
22Section
1374. 71.28 (1dx) (b) 4. of the statutes is amended to read:
AB100,704,423
71.28
(1dx) (b) 4. The amount determined by multiplying the amount
24determined under s. 560.785 (1) (bm) by the number of full-time jobs retained, as
25provided in the rules under s. 560.785, excluding jobs for which a credit has been
1claimed under sub. (1dj), in an enterprise development zone under s. 560.797 and for
2which significant capital investment was made and by then subtracting the
3subsidies paid under s. 49.147 (3) (a)
or the subsidies and reimbursements paid
4under s. 49.147 (3) (d) 5. for those jobs.
AB100, s. 1375
5Section
1375. 71.28 (1dx) (b) 5. of the statutes is amended to read:
AB100,704,116
71.28
(1dx) (b) 5. The amount determined by multiplying the amount
7determined under s. 560.785 (1) (c) by the number of full-time jobs retained, as
8provided in the rules under s. 560.785, excluding jobs for which a credit has been
9claimed under sub. (1dj), in a development zone and not filled by a member of a
10targeted group and by then subtracting the subsidies paid under s. 49.147 (3) (a)
or
11the subsidies and reimbursements paid under s. 49.147 (3) (d) 5. for those jobs.
AB100, s. 1376
12Section
1376. 71.28 (2m) (a) 1. b. of the statutes is amended to read:
AB100,704,1613
71.28
(2m) (a) 1. b. For partnerships, except publicly traded partnerships
14treated as corporations under s. 71.22
(1) (1k), or limited liability companies, except
15limited liability companies treated as corporations under s. 71.22
(1) (1k), "claimant"
16means each individual partner or member.
AB100, s. 1377
17Section
1377. 71.28 (3n) (title) of the statutes is amended to read:
AB100,704,1818
71.28
(3n) (title)
Dairy
Livestock farm investment credit.
AB100, s. 1378
19Section
1378. 71.28 (3n) (a) 1m. of the statutes is repealed.
AB100, s. 1379
20Section
1379. 71.28 (3n) (a) 1n. of the statutes is created to read:
AB100,704,2421
71.28
(3n) (a) 1n. "Livestock" means domestic animals used in this state in the
22production of food, fiber, or other animal products and includes bovine animals,
23swine, poultry, fish, sheep, and goats. "Livestock" does not include equine animals,
24deer, ratites, camelidae, or mink.
AB100, s. 1380
25Section
1380. 71.28 (3n) (a) 1p. of the statutes is repealed.
AB100, s. 1381
1Section
1381. 71.28 (3n) (a) 2. (intro.) of the statutes is amended to read:
AB100,705,62
71.28
(3n) (a) 2. (intro.)
"Dairy
"Livestock farm modernization or expansion"
3means the construction, the improvement, or the acquisition of buildings or facilities,
4or acquiring equipment, for
dairy animal livestock housing,
livestock confinement,
5animal livestock feeding, milk production, or waste management, including the
6following, if used exclusively related to
dairy animals livestock:
AB100, s. 1382
7Section
1382. 71.28 (3n) (b) of the statutes is amended to read:
AB100,705,138
71.28
(3n) (b) Subject to the limitations provided in this subsection, for taxable
9years that begin after December 31, 2003, and before January 1, 2010, a claimant
10may claim as a credit against the tax imposed under s. 71.23 an amount equal to 10%
11of the amount the claimant paid in the taxable year for
dairy livestock farm
12modernization or expansion related to the operation of the claimant's
dairy livestock 13farm.
AB100, s. 1383
14Section
1383. 71.28 (4) (a) of the statutes is amended to read:
AB100,706,315
71.28
(4) (a)
Credit. Any corporation may credit against taxes otherwise due
16under this chapter an amount equal to 5% of the amount obtained by subtracting
17from the corporation's qualified research expenses, as defined in section
41 of the
18internal revenue code, except that "qualified research expenses" includes only
19expenses incurred by the claimant, incurred for research conducted in this state for
20the taxable year, except that a taxpayer may elect the alternative computation under
21section
41 (c) (4) of the Internal Revenue Code and that election applies until the
22department permits its revocation and except that "qualified research expenses"
23does not include compensation used in computing the credit under subs. (1dj) and
24(1dx), the corporation's base amount, as defined in section
41 (c) of the internal
25revenue code, except that gross receipts used in calculating the base amount means
1gross receipts from sales attributable to Wisconsin under s. 71.25 (9) (b) 1. and 2.
and
2(d), (db), (dd), (df), (dg), (dh), and (dm). Section
41 (h) of the internal revenue code
3does not apply to the credit under this paragraph.
AB100, s. 1384
4Section
1384. 71.28 (4) (am) 1. of the statutes is amended to read:
AB100,707,35
71.28
(4) (am) 1. In addition to the credit under par. (a), any corporation may
6credit against taxes otherwise due under this chapter an amount equal to 5% of the
7amount obtained by subtracting from the corporation's qualified research expenses,
8as defined in section
41 of the internal revenue code, except that "qualified research
9expenses" include only expenses incurred by the claimant in a development zone
10under subch. VI of ch. 560, except that a taxpayer may elect the alternative
11computation under section
41 (c) (4) of the Internal Revenue Code and that election
12applies until the department permits its revocation and except that "qualified
13research expenses" do not include compensation used in computing the credit under
14sub. (1dj) nor research expenses incurred before the claimant is certified for tax
15benefits under s. 560.765 (3), the corporation's base amount, as defined in section
41 16(c) of the internal revenue code, in a development zone, except that gross receipts
17used in calculating the base amount means gross receipts from sales attributable to
18Wisconsin under s. 71.25 (9) (b) 1. and 2.
and (d), (db), (dd), (df), (dg), (dh), and (dm) 19and research expenses used in calculating the base amount include research
20expenses incurred before the claimant is certified for tax benefits under s. 560.765
21(3), in a development zone, if the claimant submits with the claimant's return a copy
22of the claimant's certification for tax benefits under s. 560.765 (3) and a statement
23from the department of commerce verifying the claimant's qualified research
24expenses for research conducted exclusively in a development zone. The rules under
25s. 73.03 (35) apply to the credit under this subdivision. The rules under sub. (1di)
1(f) and (g) as they apply to the credit under that subsection apply to claims under this
2subdivision. Section
41 (h) of the internal revenue code does not apply to the credit
3under this subdivision.
AB100, s. 1385
4Section
1385. 71.28 (4) (i) of the statutes is amended to read:
AB100,707,105
71.28
(4) (i)
Nonclaimants. The credits under this subsection may not be
6claimed by a partnership, except a publicly traded partnership treated as a
7corporation under s. 71.22
(1) (1k), limited liability company, except a limited
8liability company treated as a corporation under s. 71.22
(1) (1k), or tax-option
9corporation or by partners, including partners of a publicly traded partnership,
10members of a limited liability company or shareholders of a tax-option corporation.
AB100, s. 1386
11Section
1386. 71.30 (11) of the statutes is created to read:
AB100,707,1312
71.30
(11) Veterans trust fund. (a)
Definitions. In this subsection, "veterans
13trust fund" means the fund under s. 25.36.
AB100,707,1714
(b)
Voluntary payments. 1. `Designation on return.' A corporation filing an
15income or franchise tax return may designate on the return any amount of additional
16payment or any amount of a refund that is due the corporation as a donation to the
17veterans trust fund to be used for veterans programs under s. 25.36 (1).
AB100,707,2018
2. `Designation added to tax owed.' If the corporation owes any tax, the
19corporation shall remit in full the tax due and the amount designated on the return
20as a donation to the veterans trust fund when the corporation files a tax return.
AB100,707,2421
3. `Designation deducted from refund.' Except as provided under par. (d), and
22subject to ss. 71.75 (9) and 71.80 (3), if the corporation is owed a refund, the
23department shall deduct the amount designated on the return as a donation to the
24veterans trust fund from the amount of the refund.
AB100,708,6
1(c)
Errors; failure to remit correct amount. 1. `Reduced designation.' If a
2corporation remits an amount that exceeds the tax due, after error corrections, but
3that is less than the total of the tax due, after error corrections, and the amount
4designated by the corporation on the return as a donation to the veterans trust fund,
5the department shall reduce the designation to reflect the amount remitted that
6exceeds the tax due, after error corrections.
AB100,708,97
2. `Void designation.' The designation for a donation to the veterans trust fund
8is void if the corporation remits an amount equal to or less than the tax due, after
9error corrections.
AB100,708,1410
(d)
Errors; insufficient refund. If a corporation is owed a refund that is less than
11the amount designated on the return as a donation to the veterans trust fund, after
12attachment and crediting under ss. 71.75 (9) and 71.80 (3) and after error corrections,
13the department shall reduce the designation to reflect the actual amount of the
14refund the corporation is otherwise owed.
AB100,708,1615
(e)
Conditions. If a corporation places any conditions on a designation for a
16donation to the veterans trust fund, the designation is void.
AB100,708,1917
(f)
Void designation. If a designation for a donation to the veterans trust fund
18is void, the department shall disregard the designation and determine the amounts
19due, owed, refunded, and received.
AB100,708,2320
(g)
Tax return. The secretary of revenue shall provide a place for the
21designations under this subsection on the corporate income and franchise tax
22returns and the secretary shall highlight that place on the returns by a symbol
23chosen by the department of veterans affairs that relates to veterans.
AB100,709,3
1(h)
Certification of amounts. Annually, on or before September 15, the
2secretary of revenue shall certify to the department of veterans affairs and the
3department of administration:
