AB133-SSA1,891,1924
71.26
(2) (b) 6. For taxable years that begin after December 31, 1990, and
25before January 1, 1992, for a corporation, conduit or common law trust which
1qualifies as a regulated investment company, real estate mortgage investment
2conduit or real estate investment trust under the
internal revenue code Internal
3Revenue Code as amended to December 31, 1990, and as amended by P.L.
102-227,
4P.L.
102-486, P.L.
103-66, P.L.
104-188, excluding section 1311 of P.L.
104-188,
and, 5P.L.
105-34, P.L. 105-206 and P.L. 105-277, and as indirectly affected in the
6provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647,
7P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
8P.L.
102-486, P.L.
103-66, P.L.
104-188, excluding section 1311 of P.L.
104-188,
and 9P.L.
105-34, P.L. 105-206 and P.L. 105-277, "net income" means the federal
10regulated investment company taxable income, federal real estate mortgage
11investment conduit taxable income or federal real estate investment trust taxable
12income of the corporation, conduit or trust as determined under the
internal revenue
13code Internal Revenue Code as amended to December 31,
1990, and as amended by
14P.L.
102-227, P.L.
102-486, P.L.
103-66, P.L.
104-188, excluding section 1311 of P.L.
15104-188,
and P.L.
105-34, P.L. 105-206 and P.L. 105-277 and as indirectly affected
16in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
17100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
18102-227, P.L.
102-486, P.L.
103-66, P.L.
104-188, excluding section 1311 of P.L.
19104-188,
and P.L.
105-34, P.L. 105-206 and P.L. 105-277, except that property that,
20under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated for taxable
21years 1983 to 1986 under the
internal revenue code
Internal Revenue Code as
22amended to December 31, 1980, shall continue to be depreciated under the
internal
23revenue code Internal Revenue Code as amended to December 31, 1980, and except
24that the appropriate amount shall be added or subtracted to reflect differences
25between the depreciation or adjusted basis for federal income tax purposes and the
1depreciation or adjusted basis under this chapter of any property disposed of during
2the taxable year. The
internal revenue code Internal Revenue Code as amended to
3December 31, 1990, and as amended by P.L.
102-227, P.L.
102-486, P.L.
103-66, P.L.
4104-188, excluding section 1311 of P.L.
104-188,
and P.L.
105-34, P.L. 105-206 and
5P.L. 105-277, and as indirectly affected in the provisions applicable to this
6subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
7P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, P.L.
102-486, P.L.
103-66,
8P.L.
104-188, excluding section 1311 of P.L.
104-188,
and P.L.
105-34, P.L. 105-206
9and P.L. 105-277, applies for Wisconsin purposes at the same time as for federal
10purposes. Amendments to the
internal revenue code
Internal Revenue Code enacted
11after December 31, 1990, do not apply to this subdivision with respect to taxable
12years that begin after December 31, 1990, and before January 1, 1992, except that
13changes to the
internal revenue code Internal Revenue Code made by P.L.
102-227,
14P.L.
102-486, P.L.
103-66, P.L.
104-188, excluding section 1311 of P.L.
104-188,
and 15P.L.
105-34, P.L. 105-206 and P.L. 105-277 and changes that indirectly affect the
16provisions applicable to this subchapter made by P.L.
102-227, P.L.
102-486, P.L.
17103-66, P.L.
104-188, excluding section 1311 of P.L.
104-188,
and, P.L.
105-34, P.L.
18105-206 and P.L. 105-277, apply for Wisconsin purposes at the same time as for
19federal purposes.
AB133-SSA1,893,2521
71.26
(2) (b) 7. For taxable years that begin after December 31, 1991, and
22before January 1, 1993, for a corporation, conduit or common law trust which
23qualifies as a regulated investment company, real estate mortgage investment
24conduit or real estate investment trust under the
internal revenue code Internal
25Revenue Code as amended to December 31, 1991, excluding sections 103, 104 and
1110 of P.L.
102-227, and as amended by P.L.
102-318, P.L.
102-486, P.L.
103-66,
2excluding sections 13101 (a) and (c) 1, 13171 and 13174 of P.L.
103-66, P.L.
104-188,
3excluding section 1311 of P.L.
104-188,
and P.L.
105-34, P.L. 105-206 and P.L.
4105-277, and as indirectly affected in the provisions applicable to this subchapter
5by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179,
6P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
7102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13101 (a) and
8(c) 1, 13171 and 13174 of P.L.
103-66, P.L.
104-188, excluding section 1311 of P.L.
9104-188,
and P.L.
105-34, P.L. 105-206 and P.L. 105-277, "net income" means the
10federal regulated investment company taxable income, federal real estate mortgage
11investment conduit taxable income or federal real estate investment trust taxable
12income of the corporation, conduit or trust as determined under the
internal revenue
13code Internal Revenue Code as amended to December 31,
1991, excluding sections
14103, 104 and 110 of P.L.
102-227, and as amended by P.L.
102-318, P.L.
102-486, P.L.
15103-66, excluding sections 13101 (a) and (c) 1, 13171 and 13174 of P.L.
103-66, P.L.
16104-188, excluding section 1311 of P.L.
104-188,
and P.L.
105-34, P.L. 105-206 and
17P.L. 105-277 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
2113101 (a) and (c) 1, 13171 and 13174 of P.L.
103-66, P.L.
104-188, excluding section
221311 of P.L.
104-188,
and P.L.
105-34, P.L. 105-206 and P.L. 105-277, except that
23property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated
24for taxable years 1983 to 1986 under the
internal revenue code Internal Revenue
25Code as amended to December 31, 1980, shall continue to be depreciated under the
1internal revenue code Internal Revenue Code as amended to December 31, 1980,
2and except that the appropriate amount shall be added or subtracted to reflect
3differences between the depreciation or adjusted basis for federal income tax
4purposes and the depreciation or adjusted basis under this chapter of any property
5disposed of during the taxable year. The
internal revenue code Internal Revenue
6Code as amended to December 31, 1991, excluding sections 103, 104 and 110 of P.L.
7102-227, and as amended by P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding
8sections 13101 (a) and (c) 1, 13171 and 13174 of P.L.
103-66, P.L.
104-188, excluding
9section 1311 of P.L.
104-188,
and P.L.
105-34, P.L. 105-206 and P.L. 105-277, and
10as indirectly affected in the provisions applicable to this subchapter by P.L.
99-514,
11P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239,
12P.L.
101-508, P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
13102-318, P.L.
102-486, P.L.
103-66, excluding sections 13101 (a) and (c) 1, 13171 and
1413174 of P.L.
103-66, P.L.
104-188, excluding section 1311 of P.L.
104-188,
and P.L.
15105-34, P.L. 105-206 and P.L. 105-277 applies for Wisconsin purposes at the same
16time as for federal purposes. Amendments to the
internal revenue code Internal
17Revenue Code enacted after December 31, 1991, do not apply to this subdivision with
18respect to taxable years that begin after December 31, 1991, and before
19January 1, 1993, except that changes to the
internal revenue code Internal Revenue
20Code made by P.L.
102-318, P.L.
102-486, P.L.
103-66, P.L.
104-188, excluding
21section 1311 of P.L.
104-188,
and P.L.
105-34, P.L. 105-206 and P.L. 105-277 and
22changes that indirectly affect the provisions applicable to this subchapter made by
23P.L.
102-318, P.L.
102-486, P.L.
103-66, P.L.
104-188, excluding section 1311 of P.L.
24104-188,
and P.L.
105-34, P.L. 105-206 and P.L. 105-277 apply for Wisconsin
25purposes at the same time as for federal purposes.
AB133-SSA1,896,72
71.26
(2) (b) 8. For taxable years that begin after December 31, 1992, and
3before January 1, 1994, for a corporation, conduit or common law trust which
4qualifies as a regulated investment company, real estate mortgage investment
5conduit or real estate investment trust under the
internal revenue code Internal
6Revenue Code as amended to December 31, 1992, excluding sections 103, 104 and
7110 of P.L.
102-227, and as amended by P.L.
103-66, excluding sections 13101 (a) and
8(c) 1., 13113, 13150, 13171, 13174 and 13203 of P.L.
103-66, P.L.
103-465, P.L.
9104-188, excluding section 1311 of P.L.
104-188,
and P.L.
105-34, P.L. 105-206 and
10P.L. 105-277, and as indirectly affected in the provisions applicable to this
11subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
12P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
13and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
1413101 (a) and (c) 1, 13113, 13150, 13171, 13174 and 13203 of P.L.
103-66, P.L.
15103-465, P.L.
104-188, excluding section 1311 of P.L.
104-188,
and P.L.
105-34, P.L.
16105-206 and P.L. 105-277, "net income" means the federal regulated investment
17company taxable income, federal real estate mortgage investment conduit taxable
18income or federal real estate investment trust taxable income of the corporation,
19conduit or trust as determined under the
internal revenue code Internal Revenue
20Code as amended to December 31, 1992, excluding sections 103, 104 and 110 of P.L.
21102-227, and as amended by P.L.
103-66, excluding sections 13101 (a) and (c) 1,
2213113, 13150, 13171, 13174 and 13203 of P.L.
103-66, P.L.
103-465, P.L.
104-188,
23excluding section 1311 of P.L.
104-188,
and P.L.
105-34, P.L. 105-206 and P.L.
24105-277, and as indirectly affected in the provisions applicable to this subchapter
25by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179,
1P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
2102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13101 (a) and
3(c) 1., 13113, 13150, 13171, 13174 and 13203 of P.L.
103-66, P.L.
103-465, P.L.
4104-188, excluding section 1311 of P.L.
104-188,
and P.L.
105-34, P.L. 105-206 and
5P.L. 105-277, except that property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats.,
6is required to be depreciated for taxable years 1983 to 1986 under the
internal
7revenue code Internal Revenue Code as amended to December 31, 1980, shall
8continue to be depreciated under the
internal revenue code Internal Revenue Code 9as amended to December 31, 1980, and except that the appropriate amount shall be
10added or subtracted to reflect differences between the depreciation or adjusted basis
11for federal income tax purposes and the depreciation or adjusted basis under this
12chapter of any property disposed of during the taxable year. The
internal revenue
13code Internal Revenue Code as amended to December 31,
1992, excluding sections
14103, 104 and 110 of P.L.
102-227, and as amended by P.L.
103-66, excluding sections
1513101 (a) and (c) 1, 13113, 13150, 13171, 13174 and 13203 of P.L.
103-66, P.L.
16103-465, P.L.
104-188, excluding section 1311 of P.L.
104-188,
and P.L.
105-34, P.L.
17105-206 and P.L. 105-277, and as indirectly affected in the provisions applicable to
18this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
19101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections
20103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding
21sections 13101 (a) and (c) 1, 13113, 13150, 13171, 13174 and 13203 of P.L.
103-66,
22P.L.
103-465, P.L.
104-188, excluding section 1311 of P.L.
104-188,
and P.L.
105-34,
23P.L. 105-206 and P.L. 105-277, applies for Wisconsin purposes at the same time as
24for federal purposes. Amendments to the
internal revenue code Internal Revenue
25Code enacted after December 31, 1992, do not apply to this subdivision with respect
1to taxable years that begin after December 31, 1992, and before January 1, 1994,
2except that changes to the
internal revenue code
Internal Revenue Code made by P.L.
3103-66, P.L.
103-465, P.L.
104-188, excluding section 1311 of P.L.
104-188,
and P.L.
4105-34, P.L. 105-206 and P.L. 105-277 and changes that indirectly affect the
5provisions applicable to this subchapter made by P.L.
103-66, P.L.
103-465, P.L.
6104-188, excluding section 1311 of P.L.
104-188,
and P.L.
105-34, P.L. 105-206 and
7P.L. 105-277, apply for Wisconsin purposes at the same time as for federal purposes.
AB133-SSA1,898,239
71.26
(2) (b) 9. For taxable years that begin after December 31, 1993, and
10before January 1, 1995, for a corporation, conduit or common law trust which
11qualifies as a regulated investment company, real estate mortgage investment
12conduit or real estate investment trust under the
internal revenue code Internal
13Revenue Code as amended to December 31, 1993, excluding sections 103, 104 and
14110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d) and
1513215 of P.L.
103-66, and as amended by P.L.
103-296, P.L.
103-337, P.L.
103-465,
16P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
104-188, excluding section 1311
17of P.L.
104-188, P.L.
104-191, P.L.
104-193 and, P.L.
105-34, P.L. 105-206 and P.L.
18105-277, and as indirectly affected in the provisions applicable to this subchapter
19by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179,
20P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
21102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
22(d), 13171 (d), 13174, 13203 (d) and 13215 of P.L.
103-66, P.L.
103-296, P.L.
103-337,
23P.L.
103-465, P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
104-188, excluding
24section 1311 of P.L.
104-188, P.L.
104-191, P.L.
104-193 and, P.L.
105-34, P.L.
25105-206 and P.L. 105-277, "net income" means the federal regulated investment
1company taxable income, federal real estate mortgage investment conduit taxable
2income or federal real estate investment trust taxable income of the corporation,
3conduit or trust as determined under the
internal revenue code Internal Revenue
4Code as amended to December 31, 1993, excluding sections 103, 104 and 110 of P.L.
5102-227 and sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d) and 13215 of P.L.
6103-66, and as amended by P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7,
7excluding section 1 of P.L.
104-7, P.L.
104-188, excluding section 1311 of P.L.
8104-188, P.L.
104-191, P.L.
104-193 and, P.L.
105-34, P.L. 105-206 and P.L.
9105-277, and as indirectly affected in the provisions applicable to this subchapter
10by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179,
11P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
12102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
13(d), 13171 (d), 13174, 13203 (d) and 13215 of P.L.
103-66, P.L.
103-296, P.L.
103-337,
14P.L.
103-465, P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
104-188, excluding
15section 1311 of P.L.
104-188, P.L.
104-191, P.L.
104-193,
and P.L.
105-34, P.L.
16105-206 and P.L. 105-277, except that property that, under s. 71.02 (1) (c) 8. to 11.,
171985 stats., is required to be depreciated for taxable years 1983 to 1986 under the
18internal revenue code Internal Revenue Code as amended to December 31, 1980,
19shall continue to be depreciated under the
internal revenue code Internal Revenue
20Code as amended to December 31, 1980, and except that the appropriate amount
21shall be added or subtracted to reflect differences between the depreciation or
22adjusted basis for federal income tax purposes and the depreciation or adjusted basis
23under this chapter of any property disposed of during the taxable year. The
internal
24revenue code Internal Revenue Code as amended to December 31, 1993, excluding
25sections 103, 104 and 110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d),
113174, 13203 (d) and 13215 of P.L.
103-66, and as amended by P.L.
103-296, P.L.
2103-337, P.L.
103-465, P.L.
104-7, excluding section 1 of P.L.
104-7, P.L.
104-188,
3excluding section 1311 of P.L.
104-188, P.L.
104-191, P.L.
104-193
and, P.L.
105-34,
4P.L. 105-206 and P.L. 105-277, and as indirectly affected in the provisions applicable
5to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
6101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections
7103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding
8sections 13113, 13150 (d), 13171 (d), 13174, 13203 (d) and 13215 of P.L.
103-66, P.L.
9103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, excluding section 1 of P.L.
104-7,
10P.L.
104-188, excluding section 1311 of P.L.
104-188, P.L.
104-191, P.L.
104-193 and, 11P.L.
105-34, P.L. 105-206 and P.L. 105-277, applies for Wisconsin purposes at the
12same time as for federal purposes. Amendments to the
internal revenue code 13Internal Revenue Code enacted after December 31, 1993, do not apply to this
14subdivision with respect to taxable years that begin after December 31, 1993, and
15before January 1, 1995, except that changes to the
internal revenue code Internal
16Revenue Code made by P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7,
17excluding section 1 of P.L.
104-7, P.L.
104-188, excluding section 1311 of P.L.
18104-188, P.L.
104-191, P.L.
104-193 and, P.L.
105-34, P.L. 105-206 and P.L.
19105-277 and changes that indirectly affect the provisions applicable to this
20subchapter made by P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, excluding
21section 1 of P.L.
104-7, P.L.
104-188, excluding section 1311 of P.L.
104-188, P.L.
22104-191, P.L.
104-193 and, P.L.
105-34, P.L. 105-206 and P.L. 105-277, apply for
23Wisconsin purposes at the same time as for federal purposes.
AB133-SSA1,901,11
171.26
(2) (b) 10. For taxable years that begin after December 31, 1994, and
2before January 1, 1996, for a corporation, conduit or common law trust which
3qualifies as a regulated investment company, real estate mortgage investment
4conduit or real estate investment trust under the
internal revenue code Internal
5Revenue Code as amended to December 31, 1994, excluding sections 103, 104 and
6110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of
7P.L.
103-66, and as amended by P.L.
104-7, P.L.
104-188, excluding sections 1202,
81204, 1311 and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193 and, P.L.
105-34,
9P.L. 105-206 and P.L. 105-277, and as indirectly affected in the provisions applicable
10to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
11101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections
12103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding
13sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, P.L.
14103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections
151202, 1204, 1311 and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193
and, P.L.
16105-34, P.L. 105-206 and P.L. 105-277, "net income" means the federal regulated
17investment company taxable income, federal real estate mortgage investment
18conduit taxable income or federal real estate investment trust taxable income of the
19corporation, conduit or trust as determined under the
internal revenue code Internal
20Revenue Code as amended to December 31, 1994, excluding sections 103, 104 and
21110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of
22P.L.
103-66, and as amended by P.L.
104-7, P.L.
104-188, excluding sections 1202,
231204, 1311 and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193 and, P.L.
105-34,
24P.L. 105-206 and P.L. 105-277, and as indirectly affected in the provisions applicable
25to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
1101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections
2103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding
3sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, P.L.
4103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections
51202, 1204, 1311 and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193,
and P.L.
6105-34, P.L. 105-206 and P.L. 105-277, except that property that, under s. 71.02 (1)
7(c) 8. to 11., 1985 stats., is required to be depreciated for taxable years 1983 to 1986
8under the
internal revenue code Internal Revenue Code as amended to
9December 31, 1980, shall continue to be depreciated under the
internal revenue code 10Internal Revenue Code as amended to December 31, 1980, and except that the
11appropriate amount shall be added or subtracted to reflect differences between the
12depreciation or adjusted basis for federal income tax purposes and the depreciation
13or adjusted basis under this chapter of any property disposed of during the taxable
14year. The
internal revenue code Internal Revenue Code as amended to
15December 31, 1994, excluding sections 103, 104 and 110 of P.L.
102-227 and sections
1613113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, and as amended by
17P.L.
104-7, P.L.
104-188, excluding sections 1202, 1204, 1311 and 1605 of P.L.
18104-188, P.L.
104-191, P.L.
104-193 and, P.L.
105-34, P.L. 105-206 and P.L.
19105-277, and as indirectly affected in the provisions applicable to this subchapter
20by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179,
21P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
22102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
23(d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
24103-465, P.L.
104-7, P.L.
104-188, excluding sections 1202, 1204, 1311 and 1605 of
25P.L.
104-188, P.L.
104-191, P.L.
104-193 and, P.L.
105-34, P.L. 105-206 and P.L.
1105-277, applies for Wisconsin purposes at the same time as for federal purposes.
2Amendments to the
internal revenue code Internal Revenue Code enacted after
3December 31, 1994, do not apply to this subdivision with respect to taxable years
4that begin after December 31, 1994, and before January 1, 1996, except that
5changes made by P.L.
104-7, P.L.
104-188, excluding sections 1202, 1204, 1311 and
61605 of P.L.
104-188, P.L.
104-191, P.L.
104-193 and, P.L.
105-34, P.L. 105-206 and
7P.L. 105-277 and changes that indirectly affect the provisions applicable to this
8subchapter made by P.L.
104-7, P.L.
104-188, excluding sections 1202, 1204, 1311
9and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193 and
, P.L.
105-34, P.L. 105-206
10and P.L. 105-277 apply for Wisconsin purposes at the same time as for federal
11purposes.
AB133-SSA1,903,2413
71.26
(2) (b) 11. For taxable years that begin after December 31, 1995, and
14before January 1, 1997, for a corporation, conduit or common law trust which
15qualifies as a regulated investment company, real estate mortgage investment
16conduit or real estate investment trust under the
internal revenue code Internal
17Revenue Code as amended to December 31, 1995, excluding sections 103, 104 and
18110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of
19P.L.
103-66, and as amended by P.L.
104-188, excluding sections 1123, 1202, 1204,
201311 and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33
and, P.L.
21105-34, P.L. 105-206 and P.L. 105-277, and as indirectly affected in the provisions
22applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
23101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227,
24excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
25103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
1103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188,
2excluding sections 1123, 1202, 1204, 1311 and 1605 of P.L.
104-188, P.L.
104-191,
3P.L.
104-193, P.L.
105-33 and, P.L.
105-34, P.L. 105-206 and P.L. 105-277, "net
4income" means the federal regulated investment company taxable income, federal
5real estate mortgage investment conduit taxable income or federal real estate
6investment trust taxable income of the corporation, conduit or trust as determined
7under the
internal revenue code Internal Revenue Code as amended to
8December 31, 1995, excluding sections 103, 104 and 110 of P.L.
102-227 and sections
913113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, and as amended by
10P.L.
104-188, excluding sections 1123, 1202, 1204, 1311 and 1605 of P.L.
104-188,
11P.L.
104-191, P.L.
104-193, P.L.
105-33 and, P.L.
105-34, P.L. 105-206 and P.L.
12105-277, and as indirectly affected in the provisions applicable to this subchapter
13by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179,
14P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
15102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
16(d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
17103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123, 1202, 1204, 1311 and
181605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33 and, P.L.
105-34,
P.L.
19105-206 and P.L. 105-277, except that property that, under s. 71.02 (1) (c) 8. to 11.,
201985 stats., is required to be depreciated for taxable years 1983 to 1986 under the
21internal revenue code Internal Revenue Code as amended to December 31, 1980,
22shall continue to be depreciated under the
internal revenue code Internal Revenue
23Code as amended to December 31, 1980, and except that the appropriate amount
24shall be added or subtracted to reflect differences between the depreciation or
25adjusted basis for federal income tax purposes and the depreciation or adjusted basis
1under this chapter of any property disposed of during the taxable year. The
internal
2revenue code Internal Revenue Code as amended to December 31, 1995, excluding
3sections 103, 104 and 110 of P.L.
102-227 and sections 13113, 13150 (d), 13171 (d),
413174 and 13203 (d) of P.L.
103-66, and as amended by P.L.
104-188, excluding
5sections 1123, 1202, 1204, 1311 and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193,
6P.L.
105-33 and, P.L.
105-34, P.L. 105-206 and P.L. 105-277, and as indirectly
7affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203,
8P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508,
9P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
10102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174 and
1113203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
12104-188, excluding sections 1123, 1202, 1204, 1311 and 1605 of P.L.
104-188, P.L.
13104-191, P.L.
104-193, P.L.
105-33 and, P.L.
105-34, P.L. 105-206 and P.L. 105-277, 14applies for Wisconsin purposes at the same time as for federal purposes.
15Amendments to the
internal revenue code Internal Revenue Code enacted after
16December 31, 1995, do not apply to this subdivision with respect to taxable years
17that begin after December 31, 1995, and before January 1, 1997, except that
18changes to the Internal Revenue Code made by P.L.
104-188, excluding sections
191123, 1202, 1204, 1311 and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
20105-33 and, P.L.
105-34, P.L. 105-206 and P.L. 105-277 and changes that indirectly
21affect the provisions applicable to this subchapter made by P.L.
104-188, excluding
22sections 1123, 1202, 1204, 1311 and 1605 of P.L.
104-188, P.L.
104-191, P.L.
104-193,
23P.L.
105-33 and, P.L.
105-34, P.L. 105-206 and P.L. 105-277, apply for Wisconsin
24purposes at the same time as for federal purposes.
AB133-SSA1,906,9
171.26
(2) (b) 12. For taxable years that begin after December 31, 1996, and
2before January 1, 1998, 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, 1996, excluding
6sections 103, 104 and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
7and 13203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605
8(d) of P.L.
104-188, and as amended by P.L.
105-33 and
, P.L.
105-34,
P.L. 105-206
9and P.L. 105-277, and as indirectly affected in the provisions applicable to this
10subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
11P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
12and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
1313113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
14103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202
15(c), 1204 (f), 1311 and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
16105-33 and, P.L.
105-34, P.L. 105-206 and P.L. 105-277, "net income" means the
17federal regulated investment company taxable income, federal real estate mortgage
18investment conduit taxable income, federal real estate investment trust or financial
19asset securitization investment trust taxable income of the corporation, conduit or
20trust as determined under the
internal revenue code
Internal Revenue Code as
21amended to December 31, 1996, excluding sections 103, 104 and 110 of P.L.
102-227,
22sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66 and sections
231123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L.
104-188 and as amended by P.L.
24105-33 and, P.L.
105-34,
P.L. 105-206 and P.L. 105-277, and as indirectly affected
25in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203, P.L.
1100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
2102-227, excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
3102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174 and
413203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
5104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L.
6104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33 and, P.L.
105-34,
P.L. 105-206 and
7P.L. 105-277, except that property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats.,
8is required to be depreciated for taxable years 1983 to 1986 under the
internal
9revenue code Internal Revenue Code as amended to December 31, 1980, shall
10continue to be depreciated under the Internal Revenue Code as amended to
11December 31, 1980, and except that the appropriate amount shall be added or
12subtracted to reflect differences between the depreciation or adjusted basis for
13federal income tax purposes and the depreciation or adjusted basis under this
14chapter of any property disposed of during the taxable year. The Internal Revenue
15Code as amended to December 31, 1996, 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.
105-33 and, P.L.
105-34,
P.L. 105-206 and P.L. 105-277, and as
19indirectly affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
20100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
21101-508, P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
22102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d),
2313174 and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
24104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d)
25of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33 and, P.L.
105-34, P.L.
1105-206 and P.L. 105-277, applies for Wisconsin purposes at the same time as for
2federal purposes. Amendments to the
internal revenue code Internal Revenue Code 3enacted after December 31, 1996, do not apply to this subdivision with respect to
4taxable years that begin after December 31, 1996, and before January 1, 1998,
5except that changes to the Internal Revenue Code made by P.L.
105-33
and, P.L.
6105-34, P.L. 105-206 and P.L. 105-277 and changes that indirectly affect the
7provisions applicable to this subchapter made by P.L.
105-33 and, P.L.
105-34, P.L.
8105-206 and P.L. 105-277 apply for Wisconsin purposes at the same time as for
9federal purposes.
AB133-SSA1,908,1711
71.26
(2) (b) 13. For taxable years that begin after December 31, 1997,
and
12before January 1, 1999, for a corporation, conduit or common law trust which
13qualifies as a regulated investment company, real estate mortgage investment
14conduit, real estate investment trust or financial asset securitization investment
15trust under the Internal Revenue Code as amended to December 31, 1997, excluding
16sections 103, 104 and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
17and 13203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605
18(d) of P.L.
104-188,
and as amended by P.L. 105-178, P.L. 105-206 and P.L. 105-277, 19and as indirectly affected in the provisions applicable to this subchapter by P.L.
2099-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
21101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
22102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
23(d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
24103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
251311 and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33 and, P.L.
1105-34,
P.L. 105-178, P.L. 105-206 and P.L. 105-277, "net income" means the
2federal regulated investment company taxable income, federal real estate mortgage
3investment conduit taxable income, federal real estate investment trust or financial
4asset securitization investment trust taxable income of the corporation, conduit or
5trust as determined under the Internal Revenue Code as amended to December 31,
61997, excluding sections 103, 104 and 110 of P.L.
102-227, sections 13113, 13150 (d),
713171 (d), 13174 and 13203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204
8(f), 1311 and 1605 (d) of P.L.
104-188,
and as amended by P.L. 105-178, P.L. 105-206
9and P.L. 105-277, and as indirectly affected in the provisions applicable to this
10subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
11P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
12and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
1313113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
14103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202
15(c), 1204 (f), 1311 and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
16105-33 and, P.L.
105-34,
P.L. 105-178, P.L. 105-206 and P.L. 105-277, except that
17property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated
18for taxable years 1983 to 1986 under the Internal Revenue Code as amended to
19December 31, 1980, shall continue to be depreciated under the Internal Revenue
20Code as amended to December 31, 1980, and except that the appropriate amount
21shall be added or subtracted to reflect differences between the depreciation or
22adjusted basis for federal income tax purposes and the depreciation or adjusted basis
23under this chapter of any property disposed of during the taxable year. The Internal
24Revenue Code as amended to December 31, 1997, excluding sections 103, 104 and
25110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
1103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L.
104-188,
2and as amended by P.L. 105-178, P.L. 105-206 and P.L. 105-277, and as indirectly
3affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203,
4P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508,
5P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
6102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174 and
713203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
8104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L.
9104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33 and, P.L.
105-34,
P.L. 105-178,
10P.L. 105-206 and P.L. 105-277, applies for Wisconsin purposes at the same time as
11for federal purposes. Amendments to the Internal Revenue Code enacted after
12December 31, 1997, do not apply to this subdivision with respect to taxable years that
13begin after December 31, 1997
, and before January 1, 1999, except that changes to
14the Internal Revenue Code made by P.L. 105-178, P.L. 105-206 and P.L. 105-277 and
15changes that indirectly affect the provisions applicable to this subchapter made by
16P.L. 105-178, P.L. 105-206 and P.L. 105-277 apply for Wisconsin purposes at the
17same time as for federal purposes.
AB133-SSA1,910,1819
71.26
(2) (b) 14. For taxable years that begin after December 31, 1998, for a
20corporation, conduit or common law trust which qualifies as a regulated investment
21company, real estate mortgage investment conduit, real estate investment trust or
22financial asset securitization investment trust under the Internal Revenue Code as
23amended to December 31, 1998, excluding sections 103, 104 and 110 of P.L.
102-227,
24sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66 and sections
251123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L.
104-188, and as indirectly
1affected in the provisions applicable to this subchapter by P.L.
99-514, P.L.
100-203,
2P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
101-239, P.L.
101-508,
3P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
102-227, P.L.
102-318, P.L.
4102-486, P.L.
103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174 and
513203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
103-465, P.L.
104-7, P.L.
6104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L.
7104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
105-34, P.L.
105-178, P.L.
8105-206 and P.L.
105-277, "net income" means the federal regulated investment
9company taxable income, federal real estate mortgage investment conduit taxable
10income, federal real estate investment trust or financial asset securitization
11investment trust taxable income of the corporation, conduit or trust as determined
12under the Internal Revenue Code as amended to December 31, 1998, excluding
13sections 103, 104 and 110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174
14and 13203 (d) of P.L.
103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605
15(d) of P.L.
104-188, and as indirectly affected in the provisions applicable to this
16subchapter by P.L.
99-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140,
17P.L.
101-179, P.L.
101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104
18and 110 of P.L.
102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections
1913113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
20103-337, P.L.
103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202
21(c), 1204 (f), 1311 and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
22105-33, P.L.
105-34, P.L.
105-178, P.L.
105-206 and P.L.
105-277, except that
23property that, under s. 71.02 (1) (c) 8. to 11., 1985 stats., is required to be depreciated
24for taxable years 1983 to 1986 under the Internal Revenue Code as amended to
25December 31, 1980, shall continue to be depreciated under the Internal Revenue
1Code as amended to December 31, 1980, and except that the appropriate amount
2shall be added or subtracted to reflect differences between the depreciation or
3adjusted basis for federal income tax purposes and the depreciation or adjusted basis
4under this chapter of any property disposed of during the taxable year. The Internal
5Revenue Code as amended to December 31, 1998, excluding sections 103, 104 and
6110 of P.L.
102-227, sections 13113, 13150 (d), 13171 (d), 13174 and 13203 (d) of P.L.
7103-66, and sections 1123 (b), 1202 (c), 1204 (f), 1311 and 1605 (d) of P.L.
104-188,
8and as indirectly affected in the provisions applicable to this subchapter by P.L.
999-514, P.L.
100-203, P.L.
100-647, P.L.
101-73, P.L.
101-140, P.L.
101-179, P.L.
10101-239, P.L.
101-508, P.L.
102-227, excluding sections 103, 104 and 110 of P.L.
11102-227, P.L.
102-318, P.L.
102-486, P.L.
103-66, excluding sections 13113, 13150
12(d), 13171 (d), 13174 and 13203 (d) of P.L.
103-66, P.L.
103-296, P.L.
103-337, P.L.
13103-465, P.L.
104-7, P.L.
104-188, excluding sections 1123 (b), 1202 (c), 1204 (f),
141311 and 1605 (d) of P.L.
104-188, P.L.
104-191, P.L.
104-193, P.L.
105-33, P.L.
15105-34, P.L.
105-178, P.L.
105-206 and P.L.
105-277, applies for Wisconsin purposes
16at the same time as for federal purposes. Amendments to the Internal Revenue Code
17enacted after December 31, 1998, do not apply to this subdivision with respect to
18taxable years that begin after December 31, 1998.
AB133-SSA1,911,620
71.26
(3) (y) A corporation may compute amortization and depreciation under
21either the federal
internal revenue code Internal Revenue Code as amended to
22December 31,
1997 1998, or the federal
internal revenue code Internal Revenue Code 23in effect for the taxable year for which the return is filed, except that property first
24placed in service by the taxpayer on or after January 1, 1983, but before
25January 1, 1987, that, under s. 71.04 (15) (b) and (br), 1985 stats., is required to be
1depreciated under the i
nternal revenue code
Internal Revenue Code as amended to
2December 31, 1980, and property first placed in service in taxable year 1981 or
3thereafter but before January 1, 1987, that, under s. 71.04 (15) (bm), 1985 stats., is
4required to be depreciated under the
internal revenue code Internal Revenue Code 5as amended to December 31, 1980, shall continue to be depreciated under the
6internal revenue code Internal Revenue Code as amended to December 31, 1980.
AB133-SSA1,911,128
71.28
(1dj) (am) 1. Modify "member of a targeted group", as defined in section
951 (d) of the internal revenue code as amended to December 31, 1995, to include
10persons unemployed as a result of a business action subject to s. 109.07 (1m) and
11persons specified under 29 USC 1651 (a) dislocated workers, as defined in 29 USC
122801 (9), and to require a member of a targeted group to be a resident of this state.
AB133-SSA1,911,1914
71.28
(1dj) (am) 2. Modify "designated local agency", as defined in section
51 15(d) (15) of the internal revenue code, to include the
job training partnership act
16organization local workforce development board established under 29 USC 2832 for
17the area that includes the development zone in which the employe in respect to whom
18the credit under this subsection is claimed works, if the department of commerce
19approves the criteria used for certification, and the department of commerce.
AB133-SSA1,911,2321
71.28
(1dj) (am) 3. Modify the rule for certification under section
51 (d) (16) (A)
22of the internal revenue code to allow certification within the
90-day period beginning
23with the first day of employment of the employe
by the claimant.
AB133-SSA1,912,5
171.28
(1dx) (b)
Credit. (intro.) Except as provided in s. 73.03 (35) and subject
2to s. 560.785, for any taxable year for which the person is certified under s. 560.765
3(3), any person may claim as a credit against taxes
imposed on the person's income
4from the person's business activities in a development zone under this subchapter
5the following amounts: