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SB2,17,208 71.05 (6) (b) 19. cm. For taxable years beginning after December 31, 2020, for
9a person who is a nonresident or a part-year resident of this state, modify the amount
10calculated under subd. 19. b. by multiplying the amount by a fraction the numerator
11of which is the person's wages, salary, tips, unearned income, and net earnings from
12a trade or business that are taxable by this state and the denominator of which is the
13person's total wages, salary, tips, unearned income, and net earnings from a trade
14or business. In this subd. 19. cm., for married persons filing separately “ wages,
15salary, tips, unearned income, and net earnings from a trade or business" means the
16separate wages, salary, tips, unearned income, and net earnings from a trade or
17business of each spouse, and for married persons filing jointly “wages, salary, tips,
18unearned income, and net earnings from a trade or business" means the total wages,
19salary, tips, unearned income, and net earnings from a trade or business of both
20spouses.
SB2,31 21Section 31 . 71.05 (6) (b) 19. d. of the statutes is amended to read:
SB2,17,2422 71.05 (6) (b) 19. d. Reduce For taxable years beginning before January 1, 2021,
23reduce
the amount calculated under subd. 19. b. or c. to the person's aggregate net
24earnings from a trade or business that are taxable by this state.
SB2,32 25Section 32 . 71.05 (6) (b) 19. dm. of the statutes is created to read:
SB2,18,4
171.05 (6) (b) 19. dm. For taxable years beginning after December 31, 2020,
2reduce the amount calculated under subd. 19. b. or cm. to the person's aggregate
3wages, salary, tips, unearned income, and net earnings from a trade or business that
4are taxable by this state.
SB2,33 5Section 33 . 71.05 (6) (b) 20., 36., 37., 39., 40. and 41. of the statutes are
6repealed.
SB2,34 7Section 34 . 71.05 (6) (b) 54. of the statutes is created to read:
SB2,18,138 71.05 (6) (b) 54. Except for a payment that is exempt under sub. (1) (a), (am),
9or (an), or that is exempt as a railroad retirement benefit, for taxable years beginning
10after December 31, 2019, up to $5,000 of payments or distributions received each
11year by an individual from a qualified retirement plan under the Internal Revenue
12Code or from an individual retirement account established under 26 USC 408, if all
13of the following conditions apply:
SB2,18,1514 a. The individual is at least 65 years of age before the close of the taxable year
15to which the exemption claim relates.
SB2,18,1816 b. If the individual is single or files as head of household, his or her federal
17adjusted gross income in the year to which the exemption claim relates is less than
18$15,000.
SB2,18,2019 c. If the individual is married and is a joint filer, the couple's federal adjusted
20gross income in the year to which the exemption claim relates is less than $30,000.
SB2,18,2321 d. If the individual is married and files a separate return, the sum of both
22spouses' federal adjusted gross income in the year to which the exemption claim
23relates is less than $30,000.
SB2,35 24Section 35 . 71.07 (5) (a) 15. of the statutes is amended to read:
SB2,19,6
171.07 (5) (a) 15. The amount claimed as a deduction for medical care insurance
2under section 213 of the Internal Revenue Code that is exempt from taxation under
3s. 71.05 (6) (b) 17. to 20. 19., 35., 36., 37., 38., 39., 40., 41., and 42. and the amount
4claimed as a deduction for a long-term care insurance policy under section 213 (d)
5(1) (D) of the Internal Revenue Code, as defined in section 7702B (b) of the Internal
6Revenue Code that is exempt from taxation under s. 71.05 (6) (b) 26.
SB2,36 7Section 36. 71.07 (9m) (h) of the statutes is amended to read:
SB2,19,198 71.07 (9m) (h) Any person, including a nonprofit entity described in section 501
9(c) (3) of the Internal Revenue Code, may sell or otherwise transfer the credit under
10par. (a) 2m. or 3., in whole or in part, to another person who is subject to the taxes
11imposed under s. 71.02, 71.23, or 71.43, if the person notifies the department of the
12transfer, and submits with the notification a copy of the transfer documents, and the
13department certifies ownership of the credit with each transfer. The transferor may
14file a claim for more than one taxable year on a form prescribed by the department
15to compute all years of the credit under par. (a) 2m. or 3., at the time of the transfer
16request. The transferee may first use the credit to offset tax in the taxable year of
17the transferor in which the transfer occurs and may use the credit only to offset tax
18in taxable years otherwise allowed to be claimed and carried forward by the original
19claimant.
SB2,37 20Section 37 . 71.22 (4) (c), (d), (e), (f), (g), (h) and (i) of the statutes are repealed.
SB2,38 21Section 38 . 71.22 (4) (j) 3. m. of the statutes is created to read:
SB2,19,2322 71.22 (4) (j) 3. m. Sections 101 (m), (n), (o), (p), and (q) and 104 (a) of division
23U of P.L. 115-141.
SB2,39 24Section 39 . 71.22 (4) (j) 3. n. of the statutes is created to read:
SB2,20,2
171.22 (4) (j) 3. n. Section 102 of division M and sections 110, 111, and 116 (b)
2of division O of P.L. 116-94.
SB2,40 3Section 40 . 71.22 (4) (k) 3. of the statutes is amended to read:
SB2,20,94 71.22 (4) (k) 3. For purposes of this paragraph, “Internal Revenue Code" does
5not include amendments to the federal Internal Revenue Code enacted after
6December 31, 2016, except that “Internal Revenue Code” includes sections 11024,
711025, and 13543 of P.L. 115-97; sections 40307 and 40413 of P.L. 115-123; and
8section 102 of division M and sections 110, 111, and 116 (b) of division O of P.L.
9116-94
.
SB2,41 10Section 41 . 71.22 (4) (L) 1. of the statutes is amended to read:
SB2,20,1511 71.22 (4) (L) 1. For taxable years beginning after December 31, 2017, and
12before January 1, 2021,
“Internal Revenue Code" means the federal Internal
13Revenue Code as amended to December 31, 2017, except as provided in subds. 2. and
143. and subject to subd. 4., and except as provided in sub. (4m) and ss. 71.26 (2) (b) and
15(3), 71.34 (1g), 71.42 (2), and 71.98.
SB2,42 16Section 42. 71.22 (4) (L) 3. of the statutes is amended to read:
SB2,20,2417 71.22 (4) (L) 3. For purposes of this paragraph, “Internal Revenue Code" does
18not include amendments to the federal Internal Revenue Code enacted after
19December 31, 2017, except that “Internal Revenue Code” includes sections 40307
20and 40413 of P.L. 115-123; section 1203 of P.L. 116-25; section 102 of division M,
21sections 108, 110, 111, 115, 116 (a) and (b), 204, 206, 302, and 601 of division O, section
221302 of division P, and sections 131, 202 (d), 204 (c), 205, and 301 of division Q of P.L.
23116-94; section 2 (b) of P.L. 116-98; and
sections 1106, 2202, 2203, 2204, 2205, 2206,
242307, 3608, 3609, 3701, and 3702 of division A of P.L. 116-136.
SB2,43 25Section 43 . 71.22 (4) (L) 4. of the statutes is amended to read:
SB2,21,6
171.22 (4) (L) 4. For purposes of this paragraph, the provisions of federal public
2laws that directly or indirectly affect the Internal Revenue Code, as defined in this
3paragraph, apply for Wisconsin purposes at the same time as for federal purposes,
4except that changes made by P.L. 115-63 and sections 11026, 11027, 11028, 13207,
513306, 13307, 13308, 13311, 13312, 13501, 13705, 13821, and 13823 of P.L. 115-97
6first apply for taxable years beginning after December 31, 2017
.
SB2,44 7Section 44 . 71.22 (4) (m) of the statutes is created to read:
SB2,21,118 71.22 (4) (m) 1. For taxable years beginning after December 31, 2020, “Internal
9Revenue Code" means the federal Internal Revenue Code as amended to December
1031, 2019, except as provided in subds. 2. and 3. and subject to subd. 4., and except
11as provided in sub. (4m) and ss. 71.26 (2) (b) and (3), 71.34 (1g), 71.42 (2), and 71.98.
SB2,22,912 2. For purposes of this paragraph, “Internal Revenue Code" does not include
13the following provisions of federal public laws for taxable years beginning after
14December 31, 2020: section 13113 of P.L. 103-66; sections 1, 3, 4, and 5 of P.L.
15106-519; sections 101, 102, and 422 of P.L. 108-357; sections 1310 and 1351 of P.L.
16109-58; section 11146 of P.L. 109-59; section 403 (q) of P.L. 109-135; section 513 of
17P.L. 109-222; sections 104 and 307 of P.L. 109-432; sections 8233 and 8235 of P.L.
18110-28; section 11 (e) and (g) of P.L. 110-172; section 301 of P.L. 110-245; section
1915351 of P.L. 110-246; section 302 of division A, section 401 of division B, and sections
20312, 322, 502 (c), 707, and 801 of division C of P.L. 110-343; sections 1232, 1241, 1251,
211501, and 1502 of division B of P.L. 111-5; sections 211, 212, 213, 214, and 216 of P.L.
22111-226; sections 2011 and 2122 of P.L. 111-240; sections 753, 754, and 760 of P.L.
23111-312; section 1106 of P.L. 112-95; sections 104, 318, 322, 323, 324, 326, 327, and
24411 of P.L. 112-240; P.L. 114-7; section 1101 of P.L. 114-74; section 305 of division
25P of P.L. 114-113; sections 123, 125 to 128, 143, 144, 151 to 153, 165 to 167, 169 to

1171, 189, 191, 307, 326, and 411 of division Q of P.L. 114-113; sections 11011, 11012,
213201 (a) to (e) and (g), 13206, 13221, 13301, 13304 (a), (b), and (d), 13531, 13601,
313801, 14101, 14102, 14103, 14201, 14202, 14211, 14212, 14213, 14214, 14215,
414221, 14222, 14301, 14302, 14304, and 14401 of P.L. 115-97; sections 40304, 40305,
540306, and 40412 of P.L. 115-123; section 101 (c) of division T of P.L. 115-141;
6sections 101 (d) and (e), 102, 201 to 207, 301, 302, and 401 (a) (47) and (195), (b) (13),
7(17), (22) and (30), and (d) (1) (D) (v), (vi), and (xiii) and (xvii) (II) of division U of P.L.
8115-141; and section 301 of division O and sections 101, 102, 103, 104, 114, 115, 116,
9117, 118, 130, 132, and 145 of division Q of P.L. 116-94.
SB2,22,1510 3. For purposes of this paragraph, “Internal Revenue Code" does not include
11amendments to the federal Internal Revenue Code enacted after December 31, 2019,
12except that "Internal Revenue Code" includes sections 7001, 7002, 7003, 7004, and
137005 of division G of P.L. 116-127 and sections 1106, 2201, 2202, 2203, 2204, 2205,
142206, 2301, 2302, 2303, 2305, 2307, 2308, 3606, 3608, 3609, 3701, 3702, and 4007 of
15division A of P.L. 116-136.
SB2,22,2316 4. For purposes of this paragraph, the provisions of federal public laws that
17directly or indirectly affect the Internal Revenue Code, as defined in this paragraph,
18apply for Wisconsin purposes at the same time as for federal purposes, except that
19changes made by section 13516 of P.L. 115-97, sections 20101, 20102, 20104, 20201,
2040201, 40202, 40203, 40308, 40309, 40311, 40414, 41101, 41107, 41115, and 41116
21of P.L. 115-123, section 101 (a), (b), and (h) of division U of P.L. 115-141, section 1122
22of P.L. 116-92, sections 201, 202, and 204 (a) and (b) of division Q of P.L. 116-94, and
23section 2 of P.L. 116-98 apply for taxable years beginning after December 31, 2020.
SB2,45 24Section 45 . 71.22 (4m) (c), (d), (e), (f), (g), (h) and (i) of the statutes are repealed.
SB2,46 25Section 46 . 71.22 (4m) (j) 3. m. of the statutes is created to read:
SB2,23,2
171.22 (4m) (j) 3. m. Sections 101 (m), (n), (o), (p), and (q) and 104 (a) of division
2U of P.L. 115-141.
SB2,47 3Section 47 . 71.22 (4m) (j) 3. n. of the statutes is created to read:
SB2,23,54 71.22 (4m) (j) 3. n. Section 102 of division M and sections 110, 111, and 116 (b)
5of division O of P.L. 116-94.
SB2,48 6Section 48 . 71.22 (4m) (k) 3. of the statutes is amended to read:
SB2,23,127 71.22 (4m) (k) 3. For purposes of this paragraph, “Internal Revenue Code" does
8not include amendments to the federal Internal Revenue Code enacted after
9December 31, 2016, except that “Internal Revenue Code” includes sections 11024,
1011025, and 13543 of P.L. 115-97; sections 40307 and 40413 of P.L. 115-123; and
11section 102 of division M and sections 110, 111, and 116 (b) of division O of P.L.
12116-94
.
SB2,49 13Section 49 . 71.22 (4m) (L) 1. of the statutes is amended to read:
SB2,23,1814 71.22 (4m) (L) 1. For taxable years beginning after December 31, 2017, and
15before January 1, 2021,
“Internal Revenue Code", for corporations that are subject
16to a tax on unrelated business income under s. 71.26 (1) (a), means the federal
17Internal Revenue Code as amended to December 31, 2017, except as provided in
18subds. 2. and 3. and s. 71.98 and subject to subd. 4.
SB2,50 19Section 50. 71.22 (4m) (L) 3. of the statutes is amended to read:
SB2,24,220 71.22 (4m) (L) 3. For purposes of this paragraph, “Internal Revenue Code" does
21not include amendments to the federal Internal Revenue Code enacted after
22December 31, 2017, except that “Internal Revenue Code” includes sections 40307
23and 40413 of P.L. 115-123; section 1203 of P.L. 116-25; section 102 of division M,
24sections 108, 110, 111, 115, 116 (a) and (b), 204, 206, 302, and 601 of division O, section
251302 of division P, and sections 131, 202 (d), 204 (c), 205, and 301 of division Q of P.L.

1116-94; section 2 (b) of P.L. 116-98; and
sections 1106, 2202, 2203, 2204, 2205, 2206,
22307, 3608, 3609, 3701, and 3702 of division A of P.L. 116-136.
SB2,51 3Section 51 . 71.22 (4m) (L) 4. of the statutes is amended to read:
SB2,24,94 71.22 (4m) (L) 4. For purposes of this paragraph, the provisions of federal
5public laws that directly or indirectly affect the Internal Revenue Code, as defined
6in this paragraph, apply for Wisconsin purposes at the same time as for federal
7purposes, except that changes made by P.L. 115-63 and sections 11026, 11027, 11028,
813207, 13306, 13307, 13308, 13311, 13312, 13501, 13705, 13821, and 13823 of P.L.
9115-97 first apply for taxable years beginning after December 31, 2017
.
SB2,52 10Section 52 . 71.22 (4m) (m) of the statutes is created to read:
SB2,24,1511 71.22 (4m) (m) 1. For taxable years beginning after December 31, 2020,
12“Internal Revenue Code," for corporations that are subject to a tax on unrelated
13business income under s. 71.26 (1) (a), means the federal Internal Revenue Code as
14amended to December 31, 2019, except as provided in subds. 2. and 3. and s. 71.98
15and subject to subd. 4.
SB2,25,1316 2. For purposes of this paragraph, “Internal Revenue Code" does not include
17the following provisions of federal public laws for taxable years beginning after
18December 31, 2020: section 13113 of P.L. 103-66; sections 1, 3, 4, and 5 of P.L.
19106-519; sections 101, 102, and 422 of P.L. 108-357; sections 1310 and 1351 of P.L.
20109-58; section 11146 of P.L. 109-59; section 403 (q) of P.L. 109-135; section 513 of
21P.L. 109-222; sections 104 and 307 of P.L. 109-432; sections 8233 and 8235 of P.L.
22110-28; section 11 (e) and (g) of P.L. 110-172; section 301 of P.L. 110-245; section
2315351 of P.L. 110-246; section 302 of division A, section 401 of division B, and sections
24312, 322, 502 (c), 707, and 801 of division C of P.L. 110-343; sections 1232, 1241, 1251,
251501, and 1502 of division B of P.L. 111-5; sections 211, 212, 213, 214, and 216 of P.L.

1111-226; sections 2011 and 2122 of P.L. 111-240; sections 753, 754, and 760 of P.L.
2111-312; section 1106 of P.L. 112-95; sections 104, 318, 322, 323, 324, 326, 327, and
3411 of P.L. 112-240; P.L. 114-7; section 1101 of P.L. 114-74; section 305 of division
4P of P.L. 114-113; sections 123, 125 to 128, 143, 144, 151 to 153, 165 to 167, 169 to
5171, 189, 191, 307, 326, and 411 of division Q of P.L. 114-113; sections 11011, 11012,
613201 (a) to (e) and (g), 13206, 13221, 13301, 13304 (a), (b), and (d), 13531, 13601,
713801, 14101, 14102, 14103, 14201, 14202, 14211, 14212, 14213, 14214, 14215,
814221, 14222, 14301, 14302, 14304, and 14401 of P.L. 115-97; sections 40304, 40305,
940306, and 40412 of P.L. 115-123; section 101 (c) of division T of P.L. 115-141;
10sections 101 (d) and (e), 102, 201 to 207, 301, 302, and 401 (a) (47) and (195), (b) (13),
11(17), (22) and (30), and (d) (1) (D) (v), (vi), and (xiii) and (xvii) (II) of division U of P.L.
12115-141; and section 301 of division O and sections 101, 102, 103, 104, 114, 115, 116,
13117, 118, 130, 132, and 145 of division Q of P.L. 116-94.
SB2,25,1914 3. For purposes of this paragraph, “Internal Revenue Code" does not include
15amendments to the federal Internal Revenue Code enacted after December 31, 2019,
16except that "Internal Revenue Code" includes sections 7001, 7002, 7003, 7004, and
177005 of division G of P.L. 116-127 and sections 1106, 2201, 2202, 2203, 2204, 2205,
182206, 2301, 2302, 2303, 2305, 2307, 2308, 3606, 3608, 3609, 3701, 3702, and 4007 of
19division A of P.L. 116-136.
SB2,26,220 4. For purposes of this paragraph, the provisions of federal public laws that
21directly or indirectly affect the Internal Revenue Code, as defined in this paragraph,
22apply for Wisconsin purposes at the same time as for federal purposes, except that
23changes made by section 13516 of P.L. 115-97, sections 20101, 20102, 20104, 20201,
2440201, 40202, 40203, 40308, 40309, 40311, 40414, 41101, 41107, 41115, and 41116
25of P.L. 115-123, section 101 (a), (b), and (h) of division U of P.L. 115-141, section 1122

1of P.L. 116-92, sections 201, 202, and 204 (a) and (b) of division Q of P.L. 116-94, and
2section 2 of P.L. 116-98 apply for taxable years beginning after December 31, 2020.
SB2,53 3Section 53 . 71.22 (5g) of the statutes is created to read:
SB2,26,54 71.22 (5g) For purposes of s. 71.22 (4) (b) and (4m) (b), 2013 stats., “Internal
5Revenue Code" includes section 109 of division U of P.L. 115-141.
SB2,54 6Section 54 . 71.26 (2) (b) 3., 4., 5., 6., 7., 8. and 9. of the statutes are repealed.
SB2,55 7Section 55 . 71.26 (2) (b) 10. d. of the statutes is amended to read:
SB2,26,178 71.26 (2) (b) 10. d. For purposes of subd. 10. a., “Internal Revenue Code" does
9not include amendments to the federal Internal Revenue Code enacted after
10December 31, 2013, except that “Internal Revenue Code" includes the provisions of
11P.L. 113-97, P.L. 113-159, P.L. 113-168, section 302901 of P.L. 113-287, sections 171,
12172, and 201 to 221 of P.L. 113-295, sections 102, 105, and 207 of division B of P.L.
13113-295, P.L. 114-14, P.L. 114-26, section 2004 of P.L. 114-41, sections 503 and 504
14of P.L. 114-74, sections 103, 104, 124, 168, 184, 185, 190, 204, 303, 306, 336, and 341
15of division Q of P.L. 114-113, and P.L. 114-239 ; sections 101 (m), (n), (o), (p), and (q)
16and 104 (a) of division U of P.L. 115-141; and section 102 of division M and sections
17110, 111, and 116 (b) of division O of P.L. 116-94
.
SB2,56 18Section 56 . 71.26 (2) (b) 11. d. of the statutes is amended to read:
SB2,26,2419 71.26 (2) (b) 11. d. For purposes of subd. 11. a., “Internal Revenue Code" does
20not include amendments to the federal Internal Revenue Code enacted after
21December 31, 2016, except that “Internal Revenue Code” includes sections 11024,
2211025, and 13543 of P.L. 115-97, sections 40307 and 40413 of P.L. 115-123, and
23section 102 of division M and sections 110, 111, and 116 (b) of division O of P.L.
24116-94
.
SB2,57 25Section 57 . 71.26 (2) (b) 12. a. of the statutes is amended to read:
SB2,27,9
171.26 (2) (b) 12. a. For taxable years beginning after December 31, 2017, and
2before January 1, 2021,
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, “net income" means the federal regulated
6investment company taxable income, federal real estate mortgage investment
7conduit taxable income, federal real estate investment trust or financial asset
8securitization investment trust taxable income of the corporation, conduit, or trust
9as determined under the Internal Revenue Code.
SB2,58 10Section 58. 71.26 (2) (b) 12. d. of the statutes is amended to read:
SB2,27,1811 71.26 (2) (b) 12. d. For purposes of subd. 12. a., “Internal Revenue Code" does
12not include amendments to the federal Internal Revenue Code enacted after
13December 31, 2017, except that “Internal Revenue Code” includes sections 40307
14and 40413 of P.L. 115-123; section 1203 of P.L. 116-25; section 102 of division M,
15sections 108, 110, 111, 115, 116 (a) and (b), 204, 206, 302, and 601 of division O, section
161302 of division P, and sections 131, 202 (d), 204 (c), 205, and 301 of division Q of P.L.
17116-94; section 2 (b) of P.L. 116-98; and
sections 1106, 2202, 2203, 2204, 2205, 2206,
182307, 3608, 3609, 3701, and 3702 of division A of P.L. 116-136.
SB2,59 19Section 59 . 71.26 (2) (b) 12. e. of the statutes is amended to read:
SB2,27,2520 71.26 (2) (b) 12. e. For purposes of subd. 12. a., the provisions of federal public
21laws that directly or indirectly affect the Internal Revenue Code, as defined in this
22subdivision, apply for Wisconsin purposes at the same time as for federal purposes,
23except that changes made by P.L. 115-63 and sections 11026, 11027, 11028, 13207,
2413306, 13307, 13308, 13311, 13312, 13501, 13705, 13821, and 13823 of P.L. 115-97
25first apply for taxable years beginning after December 31, 2017
.
SB2,60
1Section 60. 71.26 (2) (b) 13. of the statutes is created to read:
SB2,28,92 71.26 (2) (b) 13. a. For taxable years beginning after December 31, 2020, for a
3corporation, conduit, or common law trust that qualifies as a regulated investment
4company, real estate mortgage investment conduit, real estate investment trust, or
5financial asset securitization investment trust under the Internal Revenue Code,
6“net income" means the federal regulated investment company taxable income,
7federal real estate mortgage investment conduit taxable income, federal real estate
8investment trust, or financial asset securitization investment trust taxable income
9of the corporation, conduit, or trust as determined under the Internal Revenue Code.
SB2,28,1210 b. For purposes of subd. 13. a., “Internal Revenue Code" means the federal
11Internal Revenue Code as amended to December 31, 2019, except as provided in
12subd. 13. c. and d. and s. 71.98 and subject to subd. 13. e.
SB2,29,1013 c. For purposes of subd. 13. a., “Internal Revenue Code" does not include the
14following provisions of federal public laws for taxable years beginning after
15December 31, 2020: section 13113 of P.L. 103-66; sections 1, 3, 4, and 5 of P.L.
16106-519; sections 101, 102, and 422 of P.L. 108-357; sections 1310 and 1351 of P.L.
17109-58; section 11146 of P.L. 109-59; section 403 (q) of P.L. 109-135; section 513 of
18P.L. 109-222; sections 104 and 307 of P.L. 109-432; sections 8233 and 8235 of P.L.
19110-28; section 11 (e) and (g) of P.L. 110-172; section 301 of P.L. 110-245; section
2015351 of P.L. 110-246; section 302 of division A, section 401 of division B, and sections
21312, 322, 502 (c), 707, and 801 of division C of P.L. 110-343; sections 1232, 1241, 1251,
221501, and 1502 of division B of P.L. 111-5; sections 211, 212, 213, 214, and 216 of P.L.
23111-226; sections 2011 and 2122 of P.L. 111-240; sections 753, 754, and 760 of P.L.
24111-312; section 1106 of P.L. 112-95; sections 104, 318, 322, 323, 324, 326, 327, and
25411 of P.L. 112-240; P.L. 114-7; section 1101 of P.L. 114-74; section 305 of division

1P of P.L. 114-113; sections 123, 125 to 128, 143, 144, 151 to 153, 165 to 167, 169 to
2171, 189, 191, 307, 326, and 411 of division Q of P.L. 114-113; sections 11011, 11012,
313201 (a) to (e) and (g), 13206, 13221, 13301, 13304 (a), (b), and (d), 13531, 13601,
413801, 14101, 14102, 14103, 14201, 14202, 14211, 14212, 14213, 14214, 14215,
514221, 14222, 14301, 14302, 14304, and 14401 of P.L. 115-97; sections 40304, 40305,
640306, and 40412 of P.L. 115-123; section 101 (c) of division T of P.L. 115-141;
7sections 101 (d) and (e), 102, 201 to 207, 301, 302, and 401 (a) (47) and (195), (b) (13),
8(17), (22) and (30), and (d) (1) (D) (v), (vi), and (xiii) and (xvii) (II) of division U of P.L.
9115-141; and section 301 of division O and sections 101, 102, 103, 104, 114, 115, 116,
10117, 118, 130, 132, and 145 of division Q of P.L. 116-94.
SB2,29,1611 d. For purposes of subd. 13. a., “Internal Revenue Code" does not include
12amendments to the federal Internal Revenue Code enacted after December 31, 2019,
13except that "Internal Revenue Code" includes sections 7001, 7002, 7003, 7004, and
147005 of division G of P.L. 116-127 and sections 1106, 2201, 2202, 2203, 2204, 2205,
152206, 2301, 2302, 2303, 2305, 2307, 2308, 3606, 3608, 3609, 3701, 3702, and 4007 of
16division A of P.L. 116-136.
SB2,29,2417 e. For purposes of subd. 13. a., the provisions of federal public laws that directly
18or indirectly affect the Internal Revenue Code, as defined in this subdivision, apply
19for Wisconsin purposes at the same time as for federal purposes, except that changes
20made by section 13516 of P.L. 115-97, sections 20101, 20102, 20104, 20201, 40201,
2140202, 40203, 40308, 40309, 40311, 40414, 41101, 41107, 41115, and 41116 of P.L.
22115-123, section 101 (a), (b), and (h) of division U of P.L. 115-141, section 1122 of P.L.
23116-92, sections 201, 202, and 204 (a) and (b) of division Q of P.L. 116-94, and section
242 of P.L. 116-98 apply for taxable years beginning after December 31, 2020.
SB2,61 25Section 61 . 71.26 (2) (b) 14. of the statutes is created to read:
SB2,30,2
171.26 (2) (b) 14. For purposes of s. 71.26 (2) (b) 2., 2013 stats., “Internal Revenue
2Code" includes section 109 of division U of P.L. 115-141.
SB2,62 3Section 62. 71.28 (6) (h) of the statutes is amended to read:
SB2,30,154 71.28 (6) (h) Any person, including a nonprofit entity described in section 501
5(c) (3) of the Internal Revenue Code, may sell or otherwise transfer the credit under
6par. (a) 2m. or 3., in whole or in part, to another person who is subject to the taxes
7imposed under s. 71.02, 71.23, or 71.43, if the person notifies the department of the
8transfer, and submits with the notification a copy of the transfer documents, and the
9department certifies ownership of the credit with each transfer. The transferor may
10file a claim for more than one taxable year on a form prescribed by the department
11to compute all years of the credit under par. (a) 2m. or 3., at the time of the transfer
12request. The transferee may first use the credit to offset tax in the taxable year of the
13transferor in which the transfer occurs, and may use the credit only to offset tax in
14taxable years otherwise allowed to be claimed and carried forward by the original
15claimant.
SB2,63 16Section 63 . 71.34 (1g) (c), (d), (e), (f), (g), (h) and (i) of the statutes are repealed.
SB2,64 17Section 64 . 71.34 (1g) (j) 3. m. of the statutes is created to read:
SB2,30,1918 71.34 (1g) (j) 3. m. Sections 101 (m), (n), (o), (p), and (q) and 104 (a) of division
19U of P.L. 115-141.
SB2,65 20Section 65 . 71.34 (1g) (j) 3. n. of the statutes is created to read:
SB2,30,2221 71.34 (1g) (j) 3. n. Section 102 of division M and sections 110, 111, and 116 (b)
22of division O of P.L. 116-94.
SB2,66 23Section 66 . 71.34 (1g) (k) 3. of the statutes is amended to read:
SB2,31,424 71.34 (1g) (k) 3. For purposes of this paragraph, “Internal Revenue Code" does
25not include amendments to the federal Internal Revenue Code enacted after

1December 31, 2016, except that “Internal Revenue Code” includes sections 11024,
211025, and 13543 of P.L. 115-97; sections 40307 and 40413 of P.L. 115-123; and
3section 102 of division M and sections 110, 111, and 116 (b) of division O of P.L.
4116-94
.
SB2,67 5Section 67 . 71.34 (1g) (L) 1. of the statutes is amended to read:
SB2,31,96 71.34 (1g) (L) 1. For taxable years beginning after December 31, 2017, and
7before January 1, 2021,
for tax option corporations, “Internal Revenue Code" means
8the federal Internal Revenue Code as amended to December 31, 2017, except as
9provided in subds. 2., 3., and 5. and s. 71.98 and subject to subd. 4.
SB2,68 10Section 68. 71.34 (1g) (L) 3. of the statutes is amended to read:
SB2,31,1811 71.34 (1g) (L) 3. For purposes of this paragraph, “Internal Revenue Code" does
12not include amendments to the federal Internal Revenue Code enacted after
13December 31, 2017, except that “Internal Revenue Code” includes sections 40307
14and 40413 of P.L. 115-123; section 1203 of P.L. 116-25; section 102 of division M,
15sections 108, 110, 111, 115, 116 (a) and (b), 204, 206, 302, and 601 of division O, section
161302 of division P, and sections 131, 202 (d), 204 (c), 205, and 301 of division Q of P.L.
17116-94; section 2 (b) of P.L. 116-98; and
sections 1106, 2202, 2203, 2204, 2205, 2206,
182307, 3608, 3609, 3701, and 3702 of division A of P.L. 116-136.
SB2,69 19Section 69 . 71.34 (1g) (L) 4. of the statutes is amended to read:
SB2,31,2520 71.34 (1g) (L) 4. For purposes of this paragraph, the provisions of federal public
21laws that directly or indirectly affect the Internal Revenue Code, as defined in this
22paragraph, apply for Wisconsin purposes at the same time as for federal purposes,
23except that changes made by P.L. 115-63 and sections 11026, 11027, 11028, 13207,
2413306, 13307, 13308, 13311, 13312, 13501, 13705, 13821, and 13823 of P.L. 115-97
25first apply for taxable years beginning after December 31, 2017
.
SB2,70
1Section 70. 71.34 (1g) (m) of the statutes is created to read:
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