LRB-3360/1
JK:wlj:ph
2009 - 2010 LEGISLATURE
October 6, 2009 - Introduced by Representatives Zipperer, Kramer, Ballweg,
Davis, Gunderson, Gundrum, Honadel, Huebsch, Kerkman, Knodl,
LeMahieu, Lothian, Meyer, Montgomery, Murtha, Nass, Newcomer, Nygren,
A. Ott, Petersen, Petrowski, Pridemore, Rhoades, Ripp, Roth, Spanbauer,
Stone, Suder, Tauchen, Vos, Vukmir and Ziegelbauer, cosponsored by
Senators Hopper, Kanavas, Darling, Kedzie, Lazich, Leibham and Olsen.
Referred to Joint Committee on Finance.
AB478,1,2
1An Act to create 71.255 (12) of the statutes;
relating to: ending combined
2reporting.
Analysis by the Legislative Reference Bureau
Under current law, all related corporations file a combined report for state
income and franchise tax purposes and calculate their state tax liability based on the
business activity of all the related corporations. Under this bill, the combined
reporting requirement for related corporations no longer applies for taxable years
beginning after June 30, 2011.
Because this bill relates to an exemption from state or local taxes, it may be
referred to the Joint Survey Committee on Tax Exemptions for a report to be printed
as an appendix to the bill.
For further information see the state fiscal estimate, which will be printed as
an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB478, s. 1
3Section
1. 71.255 (12) of the statutes is created to read:
AB478,1,54
71.255
(12) Sunset. This section does not apply to taxable years beginning
5after June 30, 2011.
