LRB-1579/1
JK:kjf&jld:rs
2015 - 2016 LEGISLATURE
February 6, 2015 - Introduced by Senator Marklein, cosponsored by
Representative Kooyenga. Referred to Committee on Revenue, Financial
Institutions, and Rural Issues.
SB24,1,3 1An Act to renumber and amend 71.98 (3); and to create 71.98 (3) (b) of the
2statutes; relating to: the treatment of depreciation, depletion, and
3amortization for income and franchise tax purposes.
Analysis by the Legislative Reference Bureau
This bill provides that, for purposes of computing depreciation, depletion, or
amortization, and deductions, under section 179 of the Internal Revenue Code, a
taxpayer may use the law in effect on January 1, 2013, for taxable years beginning
on or after January 1, 2014.
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:
SB24,1 4Section 1. 71.98 (3) of the statutes is renumbered 71.98 (3) (a) and amended
5to read:
SB24,2,56 71.98 (3) (a) For Except as provided in par. (b), for taxable years beginning after
7December 31, 2013, and for purposes of computing depreciation and amortization,

1the Internal Revenue Code means the federal Internal Revenue Code in effect on
2January 1, 2014. For Except as provided in par. (b), for taxable years beginning after
3December 31, 2013, and for purposes of computing depletion, the Internal Revenue
4code means the federal Internal Revenue code in effect for the year in which the
5property is placed in service.
SB24,2 6Section 2. 71.98 (3) (b) of the statutes is created to read:
SB24,2,107 71.98 (3) (b) For purposes of computing depreciation, depletion, or
8amortization, and deductions, under section 179 of the Internal Revenue Code, a
9taxpayer may use the law in effect on January 1, 2013, for taxable years beginning
10on or after January 1, 2014.
SB24,2,1111 (End)
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