SB40-SSA1,965,2321 (c) Limitations. 1. No credit may be allowed under this subsection for any
22amount that the claimant paid for expenses described under par. (b) that the
23claimant also claimed as a deduction under section 162 of the Internal Revenue Code.

SB40-SSA1,965,2524 2. The aggregate amount of credits that a claimant may claim under this
25subsection is $200,000.

SB40-SSA1,966,9

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13. Partnerships, limited liability companies, and tax-option corporations may
2not claim the credit under this subsection, but the eligibility for, and the amount of,
3the credit are based on their payment of expenses under par. (b), except that the
4aggregate amount of credits that the entity may compute shall not exceed $200,000.
5A partnership, limited liability company, or tax-option corporation shall compute
6the amount of credit that each of its partners, members, or shareholders may claim
7and shall provide that information to each of them. Partners, members of limited
8liability companies, and shareholders of tax-option corporations may claim the
9credit in proportion to their ownership interest.

SB40-SSA1,966,1310 4. If 2 or more persons own and operate the dairy manufacturing operation,
11each person may claim a credit under par. (b) in proportion to his or her ownership
12interest, except that the aggregate amount of the credits claimed by all persons who
13own and operate the dairy manufacturing operation shall not exceed $200,000.

SB40-SSA1,966,1514 (d) Administration. Subsection (4) (e) to (h), as it applies to the credit under
15sub. (4), applies to the credit under this subsection.

SB40-SSA1,966,1817 71.28 (3w) (a) 5m. "Wages" means wages under section 3306 (b) of the Internal
18Revenue Code, determined without regard to any dollar limitations.

SB40-SSA1,966,2420 71.28 (3w) (a) 6. "Zone payroll" means the amount of state payroll that is
21attributable to compensation wages paid to individuals full-time employees for
22services that are performed in a an enterprise zone. "Zone payroll" does not include
23the amount of compensation wages paid to any individuals full-time employees that
24exceeds $100,000.

SB40-SSA1,967,6

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171.28 (3w) (b) 1. a. The claimant's zone payroll in the taxable year, minus the
2claimant's zone payroll number of full-time employees whose annual wages are
3greater than $30,000 and who the claimant employed in the enterprise zone in the
4taxable year, minus the number of full-time employees whose annual wages were
5greater than $30,000 and who the claimant employed in the area that comprises the
6enterprise zone in the base year.

SB40-SSA1,967,128 71.28 (3w) (b) 1. b. The claimant's state payroll in the taxable year, minus the
9claimant's state payroll number of full-time employees whose annual wages are
10greater than $30,000 and who the claimant employed in the state in the taxable year,
11minus the number of full-time employees whose annual wages were greater than
12$30,000 and who the claimant employed in the state in the base year.

SB40-SSA1,967,1914 71.28 (3w) (b) 2. Subtract the number of Determine the claimant's average
15zone payroll by dividing total wages for full-time employees that whose annual
16wages are greater than $30,000 and who the claimant employed in the area that
17comprises the enterprise zone in the base taxable year from by the number of
18full-time employees that whose annual wages are greater than $30,000 and who the
19claimant employed in the enterprise zone in the taxable year.

SB40-SSA1,967,2221 71.28 (3w) (b) 3. Multiply Subtract $30,000 from the amount determined under
22subd. 2., but not an amount less than zero, by $30,000.

SB40-SSA1,967,2524 71.28 (3w) (b) 4. Subtract Multiply the amount determined under subd. 3. from
25by the amount determined under subd. 1.

SB40-SSA1,968,123 71.28 (3w) (bm) Filing supplemental claims. In addition to the credit under
4par. (b) and subject to the limitations provided in this subsection and s. 560.799, a
5claimant may claim as a credit against the tax imposed under s. 71.23 an amount
6equal to all of the following: 4. The the amount the claimant paid in the taxable year
7to upgrade or improve the job-related skills of any of the claimant's full-time
8employees, to train any of the claimant's full-time employees on the use of
9job-related new technologies, or to train provide job-related training to any
10full-time employee whose employment with the claimant represents the employee's
11first full-time job. This subdivision does not apply to employees who do not work in
12 a an enterprise zone.

SB40-SSA1,968,1815 71.28 (3w) (d) Administration. Subsection (4) (g) and (h), as it applies to the
16credit under sub. (4), applies to the credit under this subsection. Claimants shall
17include with their returns a copy of their certification for tax benefits, and a copy of
18the verification of their expenses, from the department of commerce.

SB40-SSA1,968,2220 71.28 (5b) (c) 1. The Except as provided in s. 73.03 (63), the maximum amount
21of the credits that may be claimed under this subsection and ss. 71.07 (5b) and 71.47
22(5b) for all taxable years combined is $35,000,000 $52,500,000.

SB40-SSA1,969,6

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171.28 (5b) (d) 2. The Wisconsin adjusted basis of any investment for which a
2credit is claimed under par. (b) shall be reduced by the amount of the credit that is
3offset against Wisconsin income taxes. The Wisconsin basis of a partner's interest
4in a partnership, a member's interest in a limited liability company, or stock in a
5tax-option corporation shall be adjusted to reflect adjustments made under this
6subdivision.

SB40-SSA1,969,158 71.28 (5e) (b) Filing claims. Subject to the limitations provided in this
9subsection and subject to 2005 Wisconsin Act 479, section 17, beginning in the first
10taxable year following the taxable year in which the claimant claims an exemption
11a deduction under s. 77.54 (48) 77.585 (9), a claimant may claim as a credit against
12the taxes imposed under s. 71.23, up to the amount of those taxes, in each taxable
13year for 2 years, the amount certified by the department of commerce that resulted
14from the claimant claimed as an exemption claiming a deduction under s. 77.54 (48)
1577.585 (9).

SB40-SSA1,969,1817 71.28 (5e) (c) 1. No credit may be allowed under this subsection unless the
18claimant satisfies the requirements under s. 77.54 (48) 77.585 (9).

SB40-SSA1,969,2320 71.28 (5e) (c) 3. The total amount of the credits and exemptions the sales and
21use tax resulting from the deductions claimed under s. 77.585 (9) that may be claimed
22by all claimants under this subsection and ss. 71.07 (5e), 71.47 (5e), and 77.54 (48)
2377.585 (9) is $7,500,000, as determined by the department of commerce.

SB40-SSA1,970,8

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171.28 (5h) (a) 4. "Previously owned property" means real property that the
2claimant or a related person owned during the 2 years prior to doing business in this
3state as a film production company and for which the claimant may not deduct a loss
4from the sale of the property to, or an exchange of the property with, the related
5person under section 267 of the Internal Revenue Code, except that section 267 of the
6Internal Revenue Code is modified so that if the claimant owns any part of the
7property, rather than 50 percent ownership, the claimant is subject to section 267 of
8the Internal Revenue Code for purposes of this subsection.

SB40-SSA1,970,1410 71.28 (5h) (c) 2. A claimant may claim the credit under par. (b) 2. for an amount
11expended to construct, rehabilitate, remodel, or repair real property, if the claimant
12began the physical work of construction, rehabilitation, remodeling, or repair, or any
13demolition or destruction in preparation for the physical work, after December 31,
142007, or if and the completed project is placed in service after December 31, 2007.

SB40-SSA1,970,1916 71.28 (5h) (c) 3. A claimant may claim the credit under par. (b) 2. for an amount
17expended to acquire real property, if the property is not previously owned property
18and if the claimant acquires the property after December 31, 2007, or if and the
19completed project is placed in service after December 31, 2007.

SB40-SSA1,970,2221 71.28 (5i) Electronic medical records credit. (a) Definitions. In this
22subsection, "claimant" means a person who files a claim under this subsection.

SB40-SSA1,971,423 (b) Filing claims. Subject to the limitations provided in this subsection, for
24taxable years beginning after December 31, 2008, a claimant may claim as a credit
25against the taxes imposed under s. 71.23, up to the amount of those taxes, an amount

---

1equal to 50 percent of the amount the claimant paid in the taxable year for
2information technology hardware or software that is used to maintain medical
3records in electronic form, if the claimant is a health care provider, as defined in s.
4146.81 (1).

SB40-SSA1,971,75 (c) Limitations. 1. The maximum amount of the credits that may be claimed
6under this subsection and ss. 71.07 (5i) and 71.47 (5i) in a taxable year is
7$10,000,000, as allocated under s. 560.204.

SB40-SSA1,971,158 2. Partnerships, limited liability companies, and tax-option corporations may
9not claim the credit under this subsection, but the eligibility for, and the amount of,
10the credit are based on their payment of amounts under par. (b). A partnership,
11limited liability company, or tax-option corporation shall compute the amount of
12credit that each of its partners, members, or shareholders may claim and shall
13provide that information to each of them. Partners, members of limited liability
14companies, and shareholders of tax-option corporations may claim the credit in
15proportion to their ownership interests.

SB40-SSA1,971,1716 (d) Administration. Subsection (4) (e) to (h), as it applies to the credit under
17sub. (4), applies to the credit under this subsection.

SB40-SSA1,971,2019 71.28 (5j) Ethanol and biodiesel fuel pump credit. (a) Definitions. In this
20subsection:

SB40-SSA1,971,2121 1. "Biodiesel fuel" has the meaning given in s. 168.14 (2m) (a).

SB40-SSA1,971,2222 2. "Claimant" means a person who files a claim under this subsection.

SB40-SSA1,971,2323 3. "Motor vehicle fuel" has the meaning given in s. 78.005 (13).

SB40-SSA1,972,524 (b) Filing claims. Subject to the limitations provided in this subsection, for
25taxable years beginning after December 31, 2007, and before January 1, 2018, a

---

1claimant may claim as a credit against the taxes imposed under s. 71.23, up to the
2amount of the taxes, an amount that is equal to 25 percent of the amount that the
3claimant paid in the taxable year to install or retrofit pumps located in this state that
4dispense motor vehicle fuel consisting of at least 85 percent ethanol or at least 20
5percent biodiesel fuel.

SB40-SSA1,972,96 (c) Limitations. 1. The maximum amount of the credit that a claimant may
7claim under this subsection in a taxable year is an amount that is equal to $5,000 for
8each service station for which the claimant has installed or retrofitted pumps as
9described under par. (b).

SB40-SSA1,972,1710 2. Partnerships, limited liability companies, and tax-option corporations may
11not claim the credit under this subsection, but the eligibility for, and the amount of,
12the credit are based on their payment of amounts under par. (b). A partnership,
13limited liability company, or tax-option corporation shall compute the amount of
14credit that each of its partners, members, or shareholders may claim and shall
15provide that information to each of them. Partners, members of limited liability
16companies, and shareholders of tax-option corporations may claim the credit in
17proportion to their ownership interests.

SB40-SSA1,972,1918 (d) Administration. Subsection (4) (e) to (h), as it applies to the credit under
19sub. (4), applies to the credit under this subsection.

SB40-SSA1,972,2221 71.28 (5k) Community rehabilitation program credit. (a) Definitions. In this
22subsection:

SB40-SSA1,972,2323 1. "Claimant" means a person who files a claim under this subsection.

SB40-SSA1,973,324 2. "Community rehabilitation program" means a nonprofit entity, county,
25municipality, or state or federal agency that directly provides, or facilitates the

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1provision of, vocational rehabilitation services to individuals who have disabilities
2to maximize the employment opportunities, including career advancement, of such
3individuals.

SB40-SSA1,973,54 3. "Vocational rehabilitation services" include education, training,
5employment, counseling, therapy, placement, and case management.

SB40-SSA1,973,86 4. "Work" includes production, packaging, assembly, food service, custodial
7service, clerical service, and other commercial activities that improve employment
8opportunities for individuals who have disabilities.

SB40-SSA1,973,149 (b) Filing claims. Subject to the limitations provided in this subsection, for
10taxable years beginning after July 1, 2007, a claimant may claim as a credit against
11the tax imposed under s. 71.23, up to the amount of those taxes, an amount equal to
125 percent of the amount the claimant paid in the taxable year to a community
13rehabilitation program to perform work for the claimant's business, pursuant to a
14contract.

SB40-SSA1,973,1815 (c) Limitations. 1. The maximum amount of the credit that any claimant may
16claim under this subsection in a taxable year is $25,000 for each community
17rehabilitation program for which the claimant enters into a contract to have the
18community rehabilitation program perform work for the claimant's business.

SB40-SSA1,973,2319 2. No credit may be claimed under this subsection unless the claimant submits
20with the claimant's return a form, as prescribed by the department of revenue, that
21verifies that the claimant has entered into a contract with a community
22rehabilitation program and that the program has received payment from the
23claimant for work provided by the program, consistent with par. (b).

SB40-SSA1,974,624 3. Partnerships, limited liability companies, and tax-option corporations may
25not claim the credit under this subsection, but the eligibility for, and the amount of,

---

1the credit are based on their payment of amounts under par. (b). A partnership,
2limited liability company, or tax-option corporation shall compute the amount of
3credit that each of its partners, members, or shareholders may claim and shall
4provide that information to each of them. Partners, members of limited liability
5companies, and shareholders of tax-option corporations may claim the credit in
6proportion to their ownership interests.

SB40-SSA1,974,87 (d) Administration. Subsection (4) (e) to (h), as it applies to the credit under
8sub. (4), applies to the credit under this subsection.

SB40-SSA1,974,1010 71.30 (3) (bn) Community rehabilitation program credit under s. 71.28 (5k).

SB40-SSA1,974,1312 71.30 (3) (dd) Dairy manufacturing facility investment credit under s. 71.28
13(3p).

SB40-SSA1,974,1515 71.30 (3) (ed) Ethanol and biodiesel fuel pump credit under s. 71.28 (5j).

SB40-SSA1,974,1717 71.30 (3) (epa) Electronic medical records credit under s. 71.28 (5i).

SB40-SSA1,974,2020 71.30 (3) (eps) Film production services credit under s. 71.28 (5f) (b) 1. and 3.

SB40-SSA1,974,2522 71.30 (3) (f) The total of farmers' drought property tax credit under s. 71.28
23(1fd), farmland preservation credit under subch. IX, farmland tax relief credit under
24s. 71.28 (2m), enterprise zone jobs credit under s. 71.28 (3w), film production services
25credit under s. 71.28 (5f) (b) 2., and estimated tax payments under s. 71.29.

SB40-SSA1,975,52 71.34 (1) (g) An addition shall be made for credits computed by a tax-option
3corporation under s. 71.28 (1dd), (1de), (1di), (1dj), (1dL), (1dm), (1ds), (1dx), (3), (3g),
4(3n), (3p), (3t), (3w), (5b), (5e), (5f), (5g), and (5h), (5i), (5j), and (5k) and passed
5through to shareholders.

SB40-SSA1,977,179 71.34 (1g) (n) "Internal Revenue Code" for tax-option corporations, for taxable
10years that begin after December 31, 1998, and before January 1, 2000, means the
11federal Internal Revenue Code as amended to December 31, 1998, excluding sections
12103, 104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174, and
1313203 (d) of P.L. 103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d)
14of P.L. 104-188, and as amended by P.L. 106-36, P.L. 106-170, P.L. 106-230, P.L.
15106-554, excluding sections 162 and 165 of P.L. 106-554, P.L. 107-16, excluding
16section 431 of P.L. 107-16, P.L. 107-134, P.L. 107-147, excluding sections 101, 301
17(a), and 406 of P.L. 107-147, P.L. 107-181, P.L. 107-276, P.L. 108-121, excluding
18section 109 of P.L. 108-121, P.L. 108-311, excluding sections 306, 307, 308, 316, 401,
19and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 211, 242,
20244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 109-7, P.L. 109-135,
21excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),
22(j), and (q), and 405 of P.L. 109-135, and P.L. 109-280, excluding sections 811 and 844
23of P.L. 109-280, and as indirectly affected in the provisions applicable to this
24subchapter by P.L. 99-514, P.L. 100-203, P.L. 100-647, excluding sections 803 (d) (2)
25(B), 805 (d) (2), 812 (c) (2), 821 (b) (2), and 823 (c) (2) of P.L. 99-514 and section 1008

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1(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.
2101-508, P.L. 102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L.
3102-318, P.L. 102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d),
413174, and 13203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L.
5104-7, P.L. 104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605
6(d) of P.L. 104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L.
7105-178, P.L. 105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L. 106-230, P.L.
8106-554, excluding sections 162 and 165 of P.L. 106-554, P.L. 107-16, excluding
9section 431 of P.L. 107-16, P.L. 107-134, P.L. 107-147, excluding sections 101, 301
10(a), and 406 of P.L. 107-147, P.L. 107-181, P.L. 107-276, P.L. 108-121, excluding
11section 109 of P.L. 108-121, P.L. 108-311, excluding sections 306, 307, 308, 316, 401,
12and 403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 211, 242,
13244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 109-7, P.L. 109-135,
14excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e),
15(j), and (q), and 405 of P.L. 109-135, and P.L. 109-280, excluding sections 811 and 844
16of P.L. 109-280, except that section 1366 (f) (relating to pass-through of items to
17shareholders) is modified by substituting the tax under s. 71.35 for the taxes under
18sections 1374 and 1375. The Internal Revenue Code applies for Wisconsin purposes
19at the same time as for federal purposes. Amendments to the federal Internal
20Revenue Code enacted after December 31, 1998, do not apply to this paragraph with
21respect to taxable years beginning after December 31, 1998, and before
22January 1, 2000, except that changes to the Internal Revenue Code made by P.L.
23106-36, P.L. 106-170, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of
24P.L. 106-554, P.L. 107-16, excluding section 431 of P.L. 107-16, P.L. 107-134, P.L.
25107-147, excluding sections 101, 301 (a), and 406 of P.L. 107-147, P.L. 107-181, P.L.

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1107-276, P.L. 108-121, excluding section 109 of P.L. 108-121, P.L. 108-311,
2excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311, and P.L.
3108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910
4of P.L. 108-357, P.L. 109-7, P.L. 109-135, excluding sections 101, 105, 201 (a) as it
5relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, and
6P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280, and changes that
7indirectly affect the provisions applicable to this subchapter made by P.L. 106-36,
8P.L. 106-170, P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L.
9106-554, P.L. 107-16, excluding section 431 of P.L. 107-16, P.L. 107-134, P.L.
10107-147, excluding sections 101, 301 (a), and 406 of P.L. 107-147, P.L. 107-181, P.L.
11107-276, P.L. 108-121, excluding section 109 of P.L. 108-121, P.L. 108-311,
12excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311, and P.L.
13108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910
14of P.L. 108-357, P.L. 109-7, P.L. 109-135, excluding sections 101, 105, 201 (a) as it
15relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, and
16P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280, apply for Wisconsin
17purposes at the same time as for federal purposes.

SB40-SSA1,980,1419 71.34 (1g) (o) "Internal Revenue Code" for tax-option corporations, for taxable
20years that begin after December 31, 1999, and before January 1, 2003, means the
21federal Internal Revenue Code as amended to December 31, 1999, excluding sections
22103, 104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174, and
2313203 (d) of P.L. 103-66 and sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d)
24of P.L. 104-188, and as amended by P.L. 106-230, P.L. 106-554, excluding sections
25162 and 165 of P.L. 106-554, P.L. 107-15, P.L. 107-16, excluding section 431 of P.L.

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1107-16, P.L. 107.22, P.L. 107.116, P.L. 107-134, P.L. 107-147, excluding sections 101,
2301 (a), and 406 of P.L. 107-147, P.L. 107-181, P.L. 107-210, P.L. 107-276, P.L.
3107-358, P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L.
4108-121, excluding section 109 of P.L. 108-121, P.L. 108-218, P.L. 108-311,
5excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311, and P.L.
6108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910
7of P.L. 108-357, P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310,
81323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, 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. 107-15, P.L. 107-16,
22excluding section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116, 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.
24107-210, 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. 108-218,

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1P.L. 108-311, excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311,
2and P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909,
3and 910 of P.L. 108-357, P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308,
41309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L.
5109-135, excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402
6(e), 403 (e), (j), and (q), and 405 of P.L. 109-135, and P.L. 109-280, excluding sections
7811 and 844 of P.L. 109-280, except that section 1366 (f) (relating to pass-through
8of items to shareholders) is modified by substituting the tax under s. 71.35 for the
9taxes under sections 1374 and 1375. The Internal Revenue Code applies for
10Wisconsin purposes at the same time as for federal purposes. Amendments to the
11federal Internal Revenue Code enacted after December 31, 1999, do not apply to this
12paragraph with respect to taxable years beginning after December 31, 1999, and
13before January 1, 2003, except that changes to the Internal Revenue Code made by
14P.L. 106-230, P.L. 106-554, excluding sections 162 and 165 of P.L. 106-554, P.L.
15107-15, P.L. 107-16, excluding section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116,
16P.L. 107-134, P.L. 107-147, excluding sections 101, 301 (a), and 406 of P.L. 107-147,
17P.L. 107-181, P.L. 107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27, excluding
18sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121, excluding section 109 of P.L.
19108-121, P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308, 316, 401, and
20403 (a) of P.L. 108-311, and P.L. 108-357, excluding sections 101, 201, 211, 242, 244,
21336, 337, 422, 847, 909, and 910 of P.L. 108-357, P.L. 109-7, P.L. 109-58, excluding
22sections 1305, 1308, 1309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351
23of P.L. 109-58, P.L. 109-135, excluding sections 101, 105, 201 (a) as it relates to
24section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405 of P.L. 109-135, and P.L.
25109-280, excluding sections 811 and 844 of P.L. 109-280, and changes that indirectly

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1affect the provisions applicable to this subchapter made by P.L. 106-230, P.L.
2106-554, excluding sections 162 and 165 of P.L. 106-554, P.L. 107-15, P.L. 107-16,
3excluding section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116, P.L. 107-134, P.L.
4107-147, excluding sections 101, 301 (a), and 406 of P.L. 107-147, P.L. 107-181, P.L.
5107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27, excluding sections 106, 201, and
6202 of P.L. 108-27, P.L. 108-121, excluding section 109 of P.L. 108-121, P.L. 108-218,
7P.L. 108-311, excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311,
8and P.L. 108-357, excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909,
9and 910 of P.L. 108-357, P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308,
101309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L.
11109-135, excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402
12(e), 403 (e), (j), and (q), and 405 of P.L. 109-135, and P.L. 109-280, excluding sections
13811 and 844 of P.L. 109-280, apply for Wisconsin purposes at the same time as for
14federal purposes.

SB40-SSA1,983,516 71.34 (1g) (p) "Internal Revenue Code" for tax-option corporations, for taxable
17years that begin after December 31, 2002, and before January 1, 2004, means the
18federal Internal Revenue Code as amended to December 31, 2002, excluding sections
19103, 104, and 110 of P.L. 102-227, sections 13113, 13150 (d), 13171 (d), 13174, and
2013203 (d) of P.L. 103-66, sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
21104-188, P.L. 106-519, sections 162 and 165 of P.L. 106-554, P.L. 106-573, section
22431 of P.L. 107-16, and section sections 101 and 301 (a) of P.L. 107-147, and as
23amended by P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L.
24108-121, excluding section 109 of P.L. 108-121, P.L. 108-173, excluding section 1201
25of P.L. 108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections 306,

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1307, 308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101,
2201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, and P.L. 108-375,
3P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,
41326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-135, excluding sections
5101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405
6of P.L. 109-135, and P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280,
7and as indirectly affected in the provisions applicable to this subchapter by P.L.
899-514, P.L. 100-203, P.L. 100-647, excluding sections 803 (d) (2) (B), 805 (d) (2), 812
9(c) (2), 821 (b) (2), and 823 (c) (2) of P.L. 99-514 and section 1008 (g) (5) of P.L.
10100-647, P.L. 101-73, P.L. 101-140, P.L. 101-179, P.L. 101-239, P.L. 101-508, P.L.
11102-227, excluding sections 103, 104, and 110 of P.L. 102-227, P.L. 102-318, P.L.
12102-486, P.L. 103-66, excluding sections 13113, 13150 (d), 13171 (d), 13174, and
1313203 (d) of P.L. 103-66, P.L. 103-296, P.L. 103-337, P.L. 103-465, P.L. 104-7, P.L.
14104-188, excluding sections 1123 (b), 1202 (c), 1204 (f), 1311, and 1605 (d) of P.L.
15104-188, P.L. 104-191, P.L. 104-193, P.L. 105-33, P.L. 105-34, P.L. 105-178, P.L.
16105-206, P.L. 105-277, P.L. 106-36, P.L. 106-170, P.L. 106-230, P.L. 106-554,
17excluding sections 162 and 165 of P.L. 106-554, P.L. 107-15, P.L. 107-16, excluding
18section 431 of P.L. 107-16, P.L. 107-22, P.L. 107-116, P.L. 107-134, P.L. 107-147,
19excluding section sections 101 and 301 (a) of P.L. 107-147, P.L. 107-181, P.L.
20107-210, P.L. 107-276, P.L. 107-358, P.L. 108-27, excluding sections 106, 201, and
21202 of P.L. 108-27, P.L. 108-121, excluding section 109 of P.L. 108-121, P.L. 108-173,
22excluding section 1201 of P.L. 108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311,
23excluding sections 306, 307, 308, 316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357,
24excluding sections 101, 201, 211, 242, 244, 336, 337, 422, 847, 909, and 910 of P.L.
25108-357, and P.L. 108-375, P.L. 109-7, P.L. 109-58, excluding sections 1305, 1308,

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11309, 1310, 1323, 1324, 1325, 1326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L.
2109-135, excluding sections 101, 105, 201 (a) as it relates to section 1400S (a), 402
3(e), 403 (e), (j), and (q), and 405 of P.L. 109-135, and P.L. 109-280, excluding sections
4811 and 844 of P.L. 109-280, except that section 1366 (f) (relating to pass-through
5of items to shareholders) is modified by substituting the tax under s. 71.35 for the
6taxes under sections 1374 and 1375. The Internal Revenue Code applies for
7Wisconsin purposes at the same time as for federal purposes. Amendments to the
8federal Internal Revenue Code enacted after December 31, 2002, do not apply to this
9paragraph with respect to taxable years beginning after December 31, 2002, and
10before January 1, 2004, except that changes to the Internal Revenue Code made by
11P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121,
12excluding section 109 of P.L. 108-121, P.L. 108-173, excluding section 1201 of P.L.
13108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308,
14316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 211,
15242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, and P.L. 108-375, P.L.
16109-7, 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 changes that indirectly affect the provisions applicable to this subchapter made
21by P.L. 108-27, excluding sections 106, 201, and 202 of P.L. 108-27, P.L. 108-121,
22excluding section 109 of P.L. 108-121, P.L. 108-173, excluding section 1201 of P.L.
23108-173, P.L. 108-203, P.L. 108-218, P.L. 108-311, excluding sections 306, 307, 308,
24316, 401, and 403 (a) of P.L. 108-311, P.L. 108-357, excluding sections 101, 201, 211,
25242, 244, 336, 337, 422, 847, 909, and 910 of P.L. 108-357, and P.L. 108-375, P.L.

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1109-7, P.L. 109-58, excluding sections 1305, 1308, 1309, 1310, 1323, 1324, 1325,
21326, 1328, 1329, 1348, and 1351 of P.L. 109-58, P.L. 109-135, excluding sections
3101, 105, 201 (a) as it relates to section 1400S (a), 402 (e), 403 (e), (j), and (q), and 405
4of P.L. 109-135, and P.L. 109-280, excluding sections 811 and 844 of P.L. 109-280,
5apply for Wisconsin purposes at the same time as for federal purposes.