SB1, s. 2041 6Section 2041. 71.28 (3w) (a) 6. of the statutes is amended to read:
SB1,936,117 71.28 (3w) (a) 6. "Zone payroll" means the amount of state payroll that is
8attributable to compensation wages paid to individuals full-time employees for
9services that are performed in a an enterprise zone. "Zone payroll" does not include
10the amount of compensation wages paid to any individuals full-time employees that
11exceeds $100,000.
SB1, s. 2042 12Section 2042. 71.28 (3w) (b) 1. a. of the statutes is amended to read:
SB1,936,1813 71.28 (3w) (b) 1. a. The claimant's zone payroll in the taxable year, minus the
14claimant's zone payroll
number of full-time employees whose annual wages are
15greater than $30,000 and who the claimant employed in the enterprise zone in the
16taxable year, minus the number of full-time employees whose annual wages were
17greater than $30,000 and who the claimant employed in the area that comprises the
18enterprise zone
in the base year.
SB1, s. 2043 19Section 2043. 71.28 (3w) (b) 1. b. of the statutes is amended to read:
SB1,936,2420 71.28 (3w) (b) 1. b. The claimant's state payroll in the taxable year, minus the
21claimant's state payroll
number of full-time employees whose annual wages are
22greater than $30,000 and who the claimant employed in the state in the taxable year,
23minus the number of full-time employees whose annual wages were greater than
24$30,000 and who the claimant employed in the state
in the base year.
SB1, s. 2044 25Section 2044. 71.28 (3w) (b) 2. of the statutes is amended to read:
SB1,937,6
171.28 (3w) (b) 2. Subtract the number of Determine the claimant's average
2zone payroll by dividing total wages for
full-time employees that whose annual
3wages are greater than $30,000 and who
the claimant employed in the area that
4comprises
the enterprise zone in the base taxable year from by the number of
5full-time employees that whose annual wages are greater than $30,000 and who the
6claimant employed in the enterprise zone in the taxable year.
SB1, s. 2045 7Section 2045. 71.28 (3w) (b) 3. of the statutes is amended to read:
SB1,937,98 71.28 (3w) (b) 3. Multiply Subtract $30,000 from the amount determined under
9subd. 2., but not an amount less than zero, by $30,000.
SB1, s. 2046 10Section 2046. 71.28 (3w) (b) 4. of the statutes is amended to read:
SB1,937,1211 71.28 (3w) (b) 4. Subtract Multiply the amount determined under subd. 3. from
12by the amount determined under subd. 1.
SB1, s. 2047 13Section 2047. 71.28 (3w) (bm) (intro.) and 4. of the statutes are g consolidated,
14renumbered 71.28 (3w) (bm) and amended to read:
SB1,937,2415 71.28 (3w) (bm) Filing supplemental claims. In addition to the credit under
16par. (b) and subject to the limitations provided in this subsection and s. 560.799, a
17claimant may claim as a credit against the tax imposed under s. 71.23 an amount
18equal to all of the following: 4. The the amount the claimant paid in the taxable year
19to upgrade or improve the job-related skills of any of the claimant's full-time
20employees, to train any of the claimant's full-time employees on the use of
21job-related new technologies, or to train provide job-related training to any
22full-time employee whose employment with the claimant represents the employee's
23first full-time job. This subdivision does not apply to employees who do not work in
24 a an enterprise zone.
SB1, s. 2048 25Section 2048. 71.28 (3w) (bm) 3. of the statutes is repealed.
SB1, s. 2049
1Section 2049. 71.28 (3w) (d) of the statutes is amended to read:
SB1,938,52 71.28 (3w) (d) Administration. Subsection (4) (g) and (h), as it applies to the
3credit under sub. (4), applies to the credit under this subsection. Claimants shall
4include with their returns a copy of their certification for tax benefits, and a copy of
5the verification of their expenses, from the department of commerce.
SB1, s. 2050 6Section 2050. 71.28 (5b) (c) 1. of the statutes is amended to read:
SB1,938,97 71.28 (5b) (c) 1. The Except as provided in s. 73.03 (63), the maximum amount
8of the credits that may be claimed under this subsection and ss. 71.07 (5b) and 71.47
9(5b) for all taxable years combined is $35,000,000 $52,500,000.
SB1, s. 2051 10Section 2051. 71.28 (5b) (d) of the statutes is renumbered 71.28 (5b) (d) 1.
SB1, s. 2052 11Section 2052. 71.28 (5b) (d) 2. of the statutes is created to read:
SB1,938,1712 71.28 (5b) (d) 2. The Wisconsin adjusted basis of any investment for which a
13credit is claimed under par. (b) shall be reduced by the amount of the credit that is
14offset against Wisconsin income taxes. The Wisconsin basis of a partner's interest
15in a partnership, a member's interest in a limited liability company, or stock in a
16tax-option corporation shall be adjusted to reflect adjustments made under this
17subdivision.
SB1, s. 2053 18Section 2053. 71.28 (5e) (b) of the statutes is amended to read:
SB1,939,219 71.28 (5e) (b) Filing claims. Subject to the limitations provided in this
20subsection and subject to 2005 Wisconsin Act 479, section 17, beginning in the first
21taxable year following the taxable year in which the claimant claims an exemption
22a deduction under s. 77.54 (48) 77.585 (9), a claimant may claim as a credit against
23the taxes imposed under s. 71.23, up to the amount of those taxes, in each taxable
24year for 2 years, the amount certified by the department of commerce that resulted

1from
the claimant claimed as an exemption claiming a deduction under s. 77.54 (48)
277.585 (9).
SB1, s. 2054 3Section 2054. 71.28 (5e) (c) 1. of the statutes is amended to read:
SB1,939,54 71.28 (5e) (c) 1. No credit may be allowed under this subsection unless the
5claimant satisfies the requirements under s. 77.54 (48) 77.585 (9).
SB1, s. 2055 6Section 2055. 71.28 (5e) (c) 3. of the statutes is amended to read:
SB1,939,107 71.28 (5e) (c) 3. The total amount of the credits and exemptions the sales and
8use tax resulting from the deductions claimed under s. 77.585 (9)
that may be claimed
9by all claimants under this subsection and ss. 71.07 (5e), 71.47 (5e), and 77.54 (48)
1077.585 (9) is $7,500,000, as determined by the department of commerce.
SB1, s. 2056 11Section 2056. 71.28 (5h) (a) 4. of the statutes is amended to read:
SB1,939,1912 71.28 (5h) (a) 4. "Previously owned property" means real property that the
13claimant or a related person owned during the 2 years prior to doing business in this
14state as a film production company and for which the claimant may not deduct a loss
15from the sale of the property to, or an exchange of the property with, the related
16person under section 267 of the Internal Revenue Code, except that section 267 of the
17Internal Revenue Code is modified so that if the claimant owns any part of the
18property, rather than 50 percent ownership, the claimant is subject to section 267 of
19the Internal Revenue Code for purposes of this subsection
.
SB1, s. 2057 20Section 2057. 71.28 (5h) (c) 2. of the statutes is amended to read:
SB1,939,2521 71.28 (5h) (c) 2. A claimant may claim the credit under par. (b) 2. for an amount
22expended to construct, rehabilitate, remodel, or repair real property, if the claimant
23began the physical work of construction, rehabilitation, remodeling, or repair, or any
24demolition or destruction in preparation for the physical work, after December 31,
252007, or if and the completed project is placed in service after December 31, 2007.
SB1, s. 2058
1Section 2058. 71.28 (5h) (c) 3. of the statutes is amended to read:
SB1,940,52 71.28 (5h) (c) 3. A claimant may claim the credit under par. (b) 2. for an amount
3expended to acquire real property, if the property is not previously owned property
4and if the claimant acquires the property after December 31, 2007, or if and the
5completed project is placed in service after December 31, 2007.
SB1, s. 2059 6Section 2059. 71.28 (5i) of the statutes is created to read:
SB1,940,87 71.28 (5i) Electronic medical records credit. (a) Definitions. In this
8subsection, "claimant" means a person who files a claim under this subsection.
SB1,940,159 (b) Filing claims. Subject to the limitations provided in this subsection, for
10taxable years beginning after December 31, 2009, a claimant may claim as a credit
11against the taxes imposed under s. 71.23, up to the amount of those taxes, an amount
12equal to 50 percent of the amount the claimant paid in the taxable year for
13information technology hardware or software that is used to maintain medical
14records in electronic form, if the claimant is a health care provider, as defined in s.
15146.81 (1).
SB1,940,1816 (c) Limitations. 1. The maximum amount of the credits that may be claimed
17under this subsection and ss. 71.07 (5i) and 71.47 (5i) in a taxable year is
18$10,000,000, as allocated under s. 560.204.
SB1,941,219 2. Partnerships, limited liability companies, and tax-option corporations may
20not claim the credit under this subsection, but the eligibility for, and the amount of,
21the credit are based on their payment of amounts under par. (b). A partnership,
22limited liability company, or tax-option corporation shall compute the amount of
23credit that each of its partners, members, or shareholders may claim and shall
24provide that information to each of them. Partners, members of limited liability

1companies, and shareholders of tax-option corporations may claim the credit in
2proportion to their ownership interests.
SB1,941,43 (d) Administration. Subsection (4) (e) to (h), as it applies to the credit under
4sub. (4), applies to the credit under this subsection.
SB1, s. 2060 5Section 2060. 71.28 (5j) of the statutes is created to read:
SB1,941,76 71.28 (5j) Ethanol and biodiesel fuel pump credit. (a) Definitions. In this
7subsection:
SB1,941,88 1. "Biodiesel fuel" has the meaning given in s. 168.14 (2m) (a).
SB1,941,99 2. "Claimant" means a person who files a claim under this subsection.
SB1,941,1010 3. "Motor vehicle fuel" has the meaning given in s. 78.005 (13).
SB1,941,1711 (b) Filing claims. Subject to the limitations provided in this subsection, for
12taxable years beginning after December 31, 2007, and before January 1, 2018, a
13claimant may claim as a credit against the taxes imposed under s. 71.23, up to the
14amount of the taxes, an amount that is equal to 25 percent of the amount that the
15claimant paid in the taxable year to install or retrofit pumps located in this state that
16dispense motor vehicle fuel consisting of at least 85 percent ethanol or at least 20
17percent biodiesel fuel.
SB1,941,2118 (c) Limitations. 1. The maximum amount of the credit that a claimant may
19claim under this subsection in a taxable year is an amount that is equal to $5,000 for
20each service station for which the claimant has installed or retrofitted pumps as
21described under par. (b).
SB1,942,422 2. Partnerships, limited liability companies, and tax-option corporations may
23not claim the credit under this subsection, but the eligibility for, and the amount of,
24the credit are based on their payment of amounts under par. (b). A partnership,
25limited liability company, or tax-option corporation shall compute the amount of

1credit that each of its partners, members, or shareholders may claim and shall
2provide that information to each of them. Partners, members of limited liability
3companies, and shareholders of tax-option corporations may claim the credit in
4proportion to their ownership interests.
SB1,942,65 (d) Administration. Subsection (4) (e) to (h), as it applies to the credit under
6sub. (4), applies to the credit under this subsection.
SB1, s. 2060m 7Section 2060m. 71.28 (5k) of the statutes is created to read:
SB1,942,98 71.28 (5k) Community rehabilitation program credit. (a) Definitions. In this
9subsection:
SB1,942,1010 1. "Claimant" means a person who files a claim under this subsection.
SB1,942,1511 2. "Community rehabilitation program" means a nonprofit entity, county,
12municipality, or state or federal agency that directly provides, or facilitates the
13provision of, vocational rehabilitation services to individuals who have disabilities
14to maximize the employment opportunities, including career advancement, of such
15individuals.
SB1,942,1716 3. "Vocational rehabilitation services" include education, training,
17employment, counseling, therapy, placement, and case management.
SB1,942,2018 4. "Work" includes production, packaging, assembly, food service, custodial
19service, clerical service, and other commercial activities that improve employment
20opportunities for individuals who have disabilities.
SB1,943,221 (b) Filing claims. Subject to the limitations provided in this subsection, for
22taxable years beginning after July 1, 2009, a claimant may claim as a credit against
23the tax imposed under s. 71.23, up to the amount of those taxes, an amount equal to
245 percent of the amount the claimant paid in the taxable year to a community

1rehabilitation program to perform work for the claimant's business, pursuant to a
2contract.
SB1,943,63 (c) Limitations. 1. The maximum amount of the credit that any claimant may
4claim under this subsection in a taxable year is $25,000 for each community
5rehabilitation program for which the claimant enters into a contract to have the
6community rehabilitation program perform work for the claimant's business.
SB1,943,117 2. No credit may be claimed under this subsection unless the claimant submits
8with the claimant's return a form, as prescribed by the department of revenue, that
9verifies that the claimant has entered into a contract with a community
10rehabilitation program and that the program has received payment from the
11claimant for work provided by the program, consistent with par. (b).
SB1,943,1912 3. Partnerships, limited liability companies, and tax-option corporations may
13not claim the credit under this subsection, but the eligibility for, and the amount of,
14the credit are based on their payment of amounts under par. (b). A partnership,
15limited liability company, or tax-option corporation shall compute the amount of
16credit that each of its partners, members, or shareholders may claim and shall
17provide that information to each of them. Partners, members of limited liability
18companies, and shareholders of tax-option corporations may claim the credit in
19proportion to their ownership interests.
SB1,943,2120 (d) Administration. Subsection (4) (e) to (h), as it applies to the credit under
21sub. (4), applies to the credit under this subsection.
SB1, s. 2060n 22Section 2060n. 71.30 (3) (bn) of the statutes is created to read:
SB1,943,2323 71.30 (3) (bn) Community rehabilitation program credit under s. 71.28 (5k).
SB1, s. 2060s 24Section 2060s. 71.30 (3) (cn) of the statutes is created to read:
SB1,943,2525 71.30 (3) (cn) Biodiesel fuel production credit under s. 71.28 (3h).
SB1, s. 2062
1Section 2062. 71.30 (3) (ed) of the statutes is created to read:
SB1,944,22 71.30 (3) (ed) Ethanol and biodiesel fuel pump credit under s. 71.28 (5j).
SB1, s. 2063 3Section 2063. 71.30 (3) (epa) of the statutes is created to read:
SB1,944,44 71.30 (3) (epa) Electronic medical records credit under s. 71.28 (5i).
SB1, s. 2064 5Section 2064. 71.30 (3) (epp) of the statutes is renumbered 71.30 (3) (eps) and
6amended to read:
SB1,944,77 71.30 (3) (eps) Film production services credit under s. 71.28 (5f) (b) 1. and 3.
SB1, s. 2065 8Section 2065. 71.30 (3) (f) of the statutes is amended to read:
SB1,944,139 71.30 (3) (f) The total of farmers' drought property tax credit under s. 71.28
10(1fd), farmland preservation credit under subch. IX, farmland tax relief credit under
11s. 71.28 (2m), dairy manufacturing facility investment credit under s. 71.28 (3p),
12enterprise zone jobs credit under s. 71.28 (3w), film production services credit under
13s. 71.28 (5f) (b) 2.,
and estimated tax payments under s. 71.29.
SB1, s. 2066 14Section 2066. 71.34 (1) (g) of the statutes is amended to read:
SB1,944,1815 71.34 (1) (g) An addition shall be made for credits computed by a tax-option
16corporation under s. 71.28 (1dd), (1de), (1di), (1dj), (1dL), (1dm), (1ds), (1dx), (3), (3g),
17(3h), (3n), (3p), (3t), (3w), (5b), (5e), (5f), (5g), and (5h), (5i), (5j), and (5k) and passed
18through to shareholders.
SB1, s. 2067 19Section 2067. 71.34 (1g) (L) of the statutes is repealed.
SB1, s. 2068 20Section 2068. 71.34 (1g) (m) of the statutes is repealed.
SB1, s. 2069 21Section 2069. 71.34 (1g) (n) of the statutes is amended to read:
SB1,947,522 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, P.L. 106-170, P.L. 106-230, P.L.
3106-554, excluding sections 162 and 165 of P.L. 106-554, P.L. 107-16, excluding
4section 431 of P.L. 107-16, P.L. 107-134, P.L. 107-147, excluding sections 101, 301
5(a),
and 406 of P.L. 107-147, P.L. 107-181, P.L. 107-276, P.L. 108-121, excluding
6section 109 of P.L. 108-121, P.L. 108-311, excluding sections 306, 307, 308, 316, 401,
7and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 211, 242,
8244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 109-7, P.L. 109-135,
9excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),
10(j), and (q), and 405 of P.L. 109-135, and P.L. 109-280, excluding sections 811 and 844
11of P.L. 109-280,
and as indirectly affected in the provisions applicable to this
12subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647, excluding sections 803 (d) (2)
13(B), 805 (d) (2), 812 (c) (2), 821 (b) (2), and 823 (c) (2) of P.L. 99-514 and section 1008
14(g) (5) of P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L.
15101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L.
16102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d),
1713174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L.
18104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
19(d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L.
20105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L. 106-230, 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, 301
23(a),
and 406 of P.L. 107-147, P.L. 107-181, P.L. 107-276, P.L. 108-121, excluding
24section 109 of P.L. 108-121, P.L. 108-311, excluding sections 306, 307, 308, 316, 401,
25and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 211, 242,

1244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 109-7, P.L. 109-135,
2excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),
3(j), and (q), and 405 of P.L. 109-135, and P.L. 109-280, excluding sections 811 and 844
4of P.L. 109-280,
except that section 1366 (f) (relating to pass-through of items to
5shareholders) is modified by substituting the tax under s. 71.35 for the taxes under
6sections 1374 and 1375. The Internal Revenue Code applies for Wisconsin purposes
7at the same time as for federal purposes. Amendments to the federal Internal
8Revenue Code enacted after December 31, 1998, do not apply to this paragraph with
9respect to taxable years beginning after December 31, 1998, and before
10January 1, 2000, except that changes to the Internal Revenue Code made by P.L.
11106-36, P.L. 106-170, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of
12P.L. 106-554, P.L. 107-16, excluding section 431 of P.L. 107-16, P.L. 107-134, P.L.
13107-147, excluding sections 101, 301 (a), and 406 of P.L. 107-147, P.L. 107-181, P.L.
14107-276, P.L. 108-121, excluding section 109 of P.L. 108-121, P.L. 108-311,
15excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311, and P.L.
16108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910
17of P.L. 108-357, P.L. 109-7, P.L. 109-135, excluding sections 101, 105, 201 (a) as it
18relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, and
19P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280,
and changes that
20indirectly affect the provisions applicable to this subchapter made by P.L. 106-36,
21P.L. 106-170, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L.
22106-554, P.L. 107-16, excluding section 431 of P.L. 107-16, P.L. 107-134, P.L.
23107-147, excluding sections 101, 301 (a), and 406 of P.L. 107-147, P.L. 107-181, P.L.
24107-276, P.L. 108-121, excluding section 109 of P.L. 108-121, P.L. 108-311,
25excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311, and P.L.

1108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910
2of P.L. 108-357, P.L. 109-7, P.L. 109-135, excluding sections 101, 105, 201 (a) as it
3relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, and
4P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280,
apply for Wisconsin
5purposes at the same time as for federal purposes.
SB1, s. 2070 6Section 2070. 71.34 (1g) (o) of the statutes is amended to read:
SB1,950,27 71.34 (1g) (o) "Internal Revenue Code" for tax-option corporations, for taxable
8years that begin after December 31, 1999, and before January 1, 2003, means the
9federal Internal Revenue Code as amended to December 31, 1999, excluding sections
10103, 104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174, and
1113203 (d) of P.L. 103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d)
12of P.L. 104-188, and as amended by P.L. 106-230, P.L. 106-554, excluding sections
13162 and 165 of P.L. 106-554, P.L. 107-15, P.L. 107-16, excluding section 431 of P.L.
14107-16, P.L. 107.22, P.L. 107.116, P.L. 107-134, P.L. 107-147, excluding sections 101,
15301 (a),
and 406 of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L. 107-276, P.L.
16107-358, P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L.
17108-121, excluding section 109 of P.L. 108-121, P.L. 108-218, P.L. 108-311,
18excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311, and P.L.
19108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910
20of P.L. 108-357, P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310,
211323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-135,
22excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),
23(j), and (q), and 405 of P.L. 109-135, and P.L. 109-280, excluding sections 811 and 844
24of P.L. 109-280,
and as indirectly affected in the provisions applicable to this
25subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647, excluding sections 803 (d) (2)

1(B), 805 (d) (2), 812 (c) (2), 821 (b) (2), and 823 (c) (2) of P.L. 99-514 and section 1008
2(g) (5) of P.L. 100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L.
3101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L.
4102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d),
513174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L.
6104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
7(d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L.
8105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L. 106-230, P.L.
9106-554, excluding sections 162 and 165 of P.L. 106-554, P.L. 107-15, P.L. 107-16,
10excluding section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116, P.L. 107-134, P.L.
11107-147, excluding sections 101, 301 (a), and 406 of P.L. 107-147, P.L. 107-181, P.L.
12107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27, excluding sections 106, 201, and
13202 of P.L. 108-27, P.L. 108-121, excluding section 109 of P.L. 108-121, P.L. 108-218,
14P.L. 108-311, excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311,
15and P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909,
16and 910 of P.L. 108-357, P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308,
171309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L.
18109-135, excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402
19(e), 403 (e), (j), and (q), and 405 of P.L. 109-135, and P.L. 109-280, excluding sections
20811 and 844 of P.L. 109-280,
except that section 1366 (f) (relating to pass-through
21of items to shareholders) is modified by substituting the tax under s. 71.35 for the
22taxes under sections 1374 and 1375. The Internal Revenue Code applies for
23Wisconsin purposes at the same time as for federal purposes. Amendments to the
24federal Internal Revenue Code enacted after December 31, 1999, do not apply to this
25paragraph with respect to taxable years beginning after December 31, 1999, and

1before January 1, 2003, except that changes to the Internal Revenue Code made by
2P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, P.L.
3107-15, P.L. 107-16, excluding section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116,
4P.L. 107-134, P.L. 107-147, excluding sections 101, 301 (a), and 406 of P.L. 107-147,
5P.L. 107-181, P.L. 107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27, excluding
6sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, excluding section 109 of P.L.
7108-121, P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308, 316, 401, and
8403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 211, 242, 244,
9336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 109-7, P.L. 109-58, excluding
10sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351
11of P.L. 109-58, P.L. 109-135, excluding sections 101, 105, 201 (a) as it relates to
12section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, and P.L.
13109-280, excluding sections 811 and 844 of P.L. 109-280,
and changes that indirectly
14affect the provisions applicable to this subchapter made by P.L. 106-230, P.L.
15106-554, excluding sections 162 and 165 of P.L. 106-554, P.L. 107-15, P.L. 107-16,
16excluding section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116, P.L. 107-134, P.L.
17107-147, excluding sections 101, 301 (a), and 406 of P.L. 107-147, P.L. 107-181, P.L.
18107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27, excluding sections 106, 201, and
19202 of P.L. 108-27, P.L. 108-121, excluding section 109 of P.L. 108-121, P.L. 108-218,
20P.L. 108-311, excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311,
21and P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909,
22and 910 of P.L. 108-357, P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308,
231309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L.
24109-135, excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402
25(e), 403 (e), (j), and (q), and 405 of P.L. 109-135, and P.L. 109-280, excluding sections

1811 and 844 of P.L. 109-280,
apply for Wisconsin purposes at the same time as for
2federal purposes.
SB1, s. 2071 3Section 2071. 71.34 (1g) (p) of the statutes is amended to read:
SB1,952,184 71.34 (1g) (p) "Internal Revenue Code" for tax-option corporations, for taxable
5years that begin after December 31, 2002, and before January 1, 2004, means the
6federal Internal Revenue Code as amended to December 31, 2002, 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, sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
9104-188, P.L. 106-519, sections 162 and 165 of P.L. 106-554, P.L. 106-573, section
10431 of P.L. 107-16, and section sections 101 and 301 (a) of P.L. 107-147, and as
11amended by P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L.
12108-121, excluding section 109 of P.L. 108-121, P.L. 108-173, excluding section 1201
13of P.L. 108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections 306,
14307, 308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101,
15201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, and P.L. 108-375,
16P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,
171326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-135, excluding sections
18101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405
19of P.L. 109-135, and P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280,

20and as indirectly affected in the provisions applicable to this subchapter by P.L.
2199-514, P.L. 100-203, P.L. 100-647, excluding sections 803 (d) (2) (B), 805 (d) (2), 812
22(c) (2), 821 (b) (2), and 823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of P.L.
23100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L.
24102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L.
25102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and

113203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L.
2104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
3104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L.
4105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L. 106-230, P.L. 106-554,
5excluding sections 162 and 165 of P.L. 106-554, P.L. 107-15, P.L. 107-16, excluding
6section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116, P.L. 107-134, P.L. 107-147,
7excluding section sections 101 and 301 (a) 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, excluding section 109 of P.L. 108-121, P.L. 108-173,
10excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311,
11excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357,
12excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
13108-357, and P.L. 108-375, P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308,
141309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L.
15109-135, excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402
16(e), 403 (e), (j), and (q), and 405 of P.L. 109-135, and P.L. 109-280, excluding sections
17811 and 844 of P.L. 109-280,
except that section 1366 (f) (relating to pass-through
18of items to shareholders) is modified by substituting the tax under s. 71.35 for the
19taxes under sections 1374 and 1375. The Internal Revenue Code applies for
20Wisconsin purposes at the same time as for federal purposes. Amendments to the
21federal Internal Revenue Code enacted after December 31, 2002, do not apply to this
22paragraph with respect to taxable years beginning after December 31, 2002, and
23before January 1, 2004, except that changes to the Internal Revenue Code made by
24P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121,
25excluding section 109 of P.L. 108-121, P.L. 108-173, excluding section 1201 of P.L.

1108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308,
2316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 211,
3242,
244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, and P.L. 108-375, P.L.
4109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,
51326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-135, excluding sections
6101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405
7of P.L. 109-135, and P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280,

8and changes that indirectly affect the provisions applicable to this subchapter made
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,
12316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 211,
13242,
244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, and P.L. 108-375, P.L.
14109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,
151326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-135, excluding sections
16101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405
17of P.L. 109-135, and P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280,

18apply for Wisconsin purposes at the same time as for federal purposes.
SB1, s. 2072 19Section 2072. 71.34 (1g) (q) of the statutes is amended to read:
SB1,955,820 71.34 (1g) (q) "Internal Revenue Code" for tax-option corporations, for taxable
21years that begin after December 31, 2003, and before January 1, 2005, means the
22federal Internal Revenue Code as amended to December 31, 2003, excluding sections
23103, 104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174, and
2413203 (d) of P.L. 103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
25104-188, P.L. 106-519, sections 162 and 165 of P.L. 106-554, P.L. 106-573, section

1431 of P.L. 107-16, section sections 101 and 301 (a) of P.L. 107-147, sections 106, 201,
2and 202 of P.L. 108-27, section 109 of P.L. 108-121, and section 1201 of P.L. 108-173,
3and as amended by P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections 306,
4307, 308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101,
5201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375,
6and P.L. 108-476, P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310,
71323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-73,
8excluding section 301 of P.L. 109-73, P.L. 109-135, excluding sections 101, 105, 201
9(a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L.
10109-135, P.L. 109-227, and P.L. 109-280, excluding sections 811 and 844 of P.L.
11109-280,
and as indirectly affected in the provisions applicable to this subchapter
12by P.L. 99-514, P.L. 100-203, P.L. 100-647, excluding sections 803 (d) (2) (B), 805 (d)
13(2), 812 (c) (2), 821 (b) (2), and 823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of P.L.
14100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L.
15102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L.
16102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and
1713203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L.
18104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
19104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L.
20105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L. 106-230, P.L. 106-554,
21excluding sections 162 and 165 of P.L. 106-554, P.L. 107-15, P.L. 107-16, excluding
22section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116, P.L. 107-134, P.L. 107-147,
23excluding section sections 101 and 301 (a) of P.L. 107-147, P.L. 107-181, P.L.
24107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27, excluding sections 106, 201, and
25202 of P.L. 108-27, P.L. 108-121, excluding section 109 of P.L. 108-121, P.L. 108-173,

1excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311,
2excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357,
3excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
4108-357, P.L. 108-375, and P.L. 108-476, P.L. 109-7, P.L. 109-58, excluding sections
51305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
6109-58, P.L. 109-73, excluding section 301 of P.L. 109-73, P.L. 109-135, excluding
7sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and
8(q), and 405 of P.L. 109-135, P.L. 109-227, and P.L. 109-280, excluding sections 811
9and 844 of P.L. 109-280,
except that section 1366 (f) (relating to pass-through of
10items to shareholders) is modified by substituting the tax under s. 71.35 for the taxes
11under sections 1374 and 1375. The Internal Revenue Code applies for Wisconsin
12purposes at the same time as for federal purposes. Amendments to the federal
13Internal Revenue Code enacted after December 31, 2003, do not apply to this
14paragraph with respect to taxable years beginning after December 31, 2003, and
15before January 1, 2005, except that changes to the Internal Revenue Code made by
16P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308, 316, 401,
17and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 211, 242, 244,
18336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, and P.L. 108-476, P.L.
19109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,
201326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-73, excluding section 301
21of P.L. 109-73, P.L. 109-135, excluding sections 101, 105, 201 (a) as it relates to
22section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L. 109-227,
23and P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280,
and changes that
24indirectly affect the provisions applicable to this subchapter made by P.L. 108-203,
25P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308, 316, 401, and 403 (a)

1of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336, 337,
2422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, and P.L. 108-476, P.L. 109-7,
3P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
41329, 1348, and 1351 of P.L. 109-58, P.L. 109-73, excluding section 301 of P.L.
5109-73, P.L. 109-135, excluding sections 101, 105, 201 (a) as it relates to section
61400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L. 109-227, and P.L.
7109-280, excluding sections 811 and 844 of P.L. 109-280,
apply for Wisconsin
8purposes at the same time as for federal purposes.
SB1, s. 2073 9Section 2073. 71.34 (1g) (r) of the statutes is amended to read:
SB1,957,2010 71.34 (1g) (r) "Internal Revenue Code" for tax-option corporations, for taxable
11years that begin after December 31, 2004, and before January 1, 2006, means the
12federal Internal Revenue Code as amended to December 31, 2004, excluding sections
13103, 104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174, and
1413203 (d) of P.L. 103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
15104-188, sections 1, 3, 4, and 5 of P.L. 106-519, sections 162 and 165 of P.L. 106-554,
16P.L. 106-573, section 431 of P.L. 107-16, section sections 101 and 301 (a) of P.L.
17107-147, sections 106, 201, and 202 of P.L. 108-27, section 1201 of P.L. 108-173,
18sections 306, 308, 316, 401, and 403 (a) of P.L. 108-311, and sections 101, 201, 211,
19242,
244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, and as amended by P.L.
20109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,
211326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-73, excluding section 301
22of P.L. 109-73, P.L. 109-135, excluding sections 101, 105, 201 (a) as it relates to
23section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L. 109-151,
24P.L. 109-222, excluding sections 101, 207, 209, 503, 512, and 513 of P.L. 109-222, P.L.
25109-227, and P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280,
and as

1indirectly affected in the provisions applicable to this subchapter by P.L. 99-514, P.L.
2100-203, P.L. 100-647, excluding sections 803 (d) (2) (B), 805 (d) (2), 812 (c) (2), 821
3(b) (2), and 823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of P.L. 100-647, P.L.
4101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L. 102-227,
5excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L. 102-486, P.L.
6103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and 13203 (d) of P.L.
7103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L. 104-188,
8excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L. 104-188, P.L.
9104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L. 105-206, P.L.
10105-277, P.L. 106-36, P.L. 106-170, P.L. 106-230, P.L. 106-554, excluding sections
11162 and 165 of P.L. 106-554, P.L. 107-15, P.L. 107-16, excluding section 431 of P.L.
12107-16, P.L. 107-22, P.L. 107-116, P.L. 107-134, P.L. 107-147, excluding section
13sections 101 and 301 (a) of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L. 107-276,
14P.L. 107-358, P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L.
15108-121, P.L. 108-173, excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L.
16108-218, P.L. 108-311, excluding sections 306, 308, 316, 401, and 403 (a) of P.L.
17108-311, P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847,
18909, and 910 of P.L. 108-357, P.L. 108-375, and P.L. 108-476, P.L. 109-7, P.L.
19109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
201329, 1348, and 1351 of P.L. 109-58, P.L. 109-73, excluding section 301 of P.L.
21109-73, P.L. 109-135, excluding sections 101, 105, 201 (a) as it relates to section
221400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, P.L. 109-151, P.L.
23109-222, excluding sections 101, 207, 209, 503, 512, and 513 of P.L. 109-222, P.L.
24109-227, and P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280,
except
25that section 1366 (f) (relating to pass-through of items to shareholders) is modified

1by substituting the tax under s. 71.35 for the taxes under sections 1374 and 1375.
2The Internal Revenue Code applies for Wisconsin purposes at the same time as for
3federal purposes. Amendments to the federal Internal Revenue Code enacted after
4December 31, 2004, do not apply to this paragraph with respect to taxable years
5beginning after December 31, 2004, and before January 1, 2006, except that changes
6to the Internal Revenue Code made by P.L. 109-7, P.L. 109-58, excluding sections
71305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L.
8109-58, P.L. 109-73, excluding section 301 of P.L. 109-73, P.L. 109-135, excluding
9sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and
10(q), and 405 of P.L. 109-135, P.L. 109-151, P.L. 109-222, excluding sections 101, 207,
11209, 503, 512, and 513 of P.L. 109-222, P.L. 109-227, and P.L. 109-280, excluding
12sections 811 and 844 of P.L. 109-280, and changes that indirectly affect the
13provisions applicable to this subchapter made by P.L. 109-7, P.L. 109-58, excluding
14sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351
15of P.L. 109-58, P.L. 109-73, excluding section 301 of P.L. 109-73, P.L. 109-135,
16excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),
17(j), and (q), and 405 of P.L. 109-135, P.L. 109-151, P.L. 109-222, excluding sections
18101, 207, 209, 503, 512, and 513 of P.L. 109-222, P.L. 109-227, and P.L. 109-280,
19excluding sections 811 and 844 of P.L. 109-280, apply for Wisconsin purposes at the
20same time as for federal purposes
.
SB1, s. 2074 21Section 2074. 71.34 (1g) (s) of the statutes is created to read:
SB1,959,2322 71.34 (1g) (s) "Internal Revenue Code" for tax-option corporations, for taxable
23years that begin after December 31, 2005, and before January 1, 2007, means the
24federal Internal Revenue Code as amended to December 31, 2005, 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, sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
2104-188, sections 1, 3, 4, and 5 of P.L. 106-519, sections 162 and 165 of P.L. 106-554,
3P.L. 106-573, section 431 of P.L. 107-16, sections 101 and 301 (a) of P.L. 107-147,
4sections 106, 201, and 202 of P.L. 108-27, section 1201 of P.L. 108-173, sections 306,
5308, 316, 401, and 403 (a) of P.L. 108-311, sections 101, 201, 211, 242, 244, 336, 337,
6422, 847, 909, and 910 of P.L. 108-357, P.L. 109-1, sections 1305, 1308, 1309, 1310,
71323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, section 11146 of
8P.L. 109-59, section 301 of P.L. 109-73, and sections 101, 105, 201 (a) as it relates
9to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, and as
10amended by P.L. 109-222, excluding sections 101, 207, 209, 503, 512, and 513 of P.L.
11109-222, P.L. 109-227, and P.L. 109-280, excluding sections 811 and 844 of P.L.
12109-280, and as indirectly affected in the provisions applicable to this subchapter
13by P.L. 99-514, P.L. 100-203, P.L. 100-647, excluding sections 803 (d) (2) (B), 805 (d)
14(2), 812 (c) (2), 821 (b) (2), and 823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of P.L.
15100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L.
16102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L.
17102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and
1813203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L.
19104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
20104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L.
21105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L. 106-230, P.L. 106-554,
22excluding sections 162 and 165 of P.L. 106-554, P.L. 107-15, P.L. 107-16, excluding
23section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116, P.L. 107-134, P.L. 107-147,
24excluding sections 101 and 301 (a) of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L.
25107-276, P.L. 107-358, P.L. 108-27, excluding sections 106, 201, and 202 of P.L.

1108-27, P.L. 108-121, P.L. 108-173, excluding section 1201 of P.L. 108-173, P.L.
2108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 308, 316, 401, and 403
3(a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336, 337,
4422, 847, 909, and 910 of P.L. 108-357, P.L. 108-375, P.L. 108-476, P.L. 109-7, P.L.
5109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328,
61329, 1348, and 1351 of P.L. 109-58, P.L. 109-59, excluding section 11146 of P.L.
7109-59, P.L. 109-73, excluding section 301 of P.L. 109-73, P.L. 109-135, excluding
8sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and
9(q), and 405 of P.L. 109-135, P.L. 109-151, P.L. 109-222, excluding sections 101, 207,
10209, 503, 512, and 513 of P.L. 109-222, P.L. 109-227, and P.L. 109-280, excluding
11sections 811 and 844 of P.L. 109-280, except that section 1366 (f) (relating to
12pass-through of items to shareholders) is modified by substituting the tax under s.
1371.35 for the taxes under sections 1374 and 1375. The Internal Revenue Code applies
14for Wisconsin purposes at the same time as for federal purposes. Amendments to the
15federal Internal Revenue Code enacted after December 31, 2005, do not apply to this
16paragraph with respect to taxable years beginning after December 31, 2005, and
17before January 1, 2007, except that changes to the Internal Revenue Code made by
18P.L. 109-222, excluding sections 101, 207, 209, 503, 512, and 513 of P.L. 109-222, P.L.
19109-227, and P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280, and
20changes that indirectly affect the provisions applicable to this subchapter made by
21P.L. 109-222, excluding sections 101, 207, 209, 503, 512, and 513 of P.L. 109-222, P.L.
22109-227, and P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280, apply for
23Wisconsin purposes at the same time as for federal purposes.
SB1, s. 2075 24Section 2075. 71.34 (1g) (t) of the statutes is created to read:
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