The state may grant you a license or "license" without physically giving you a piece of paper or plastic. Law grant people license to do all sorts of things that are otherwise illegal. WI has done this with the recognized out of state permits with the condition of the background check, which is complaint with the new GFSZ act.
The definition of "licensed" is irrelevant, because the Federal Law has three separate requirements that must be met before the permit exception applies.
1. Licensed by the state in which the school is in
2. The law of the state requires that before an individual obtains a "license" that the state's law enforcement authorities verify the INDIVIDUAL is qualified to receive the license.
3. The law enforcement authorities actually verified the individual is qualified to receive the license. (Otherwise the license would have been issued contrary to law, and would not be valid)
Reciprocity agreements do not satisfy requirements two and three, and are not valid for Federal Gun Free School Zones Act purposes.
Discharging a firearm within 1000 feet of a school's property is never legal under any circumstances, even in the state which physically issued the permit.
Permit holders are still subject to the FEDERAL Gun Free School Zones Act of 1995 when they travel outside of the State that physically issued their permit. Also, there is never an exception in the federal law for discharging a firearm in a school zone under any circumstances. If you ever discharge your firearm within 1000 feet of a school (even in Wisconsin) for any reason, you are subject to federal felony prosecution.
Read this official letter from BATFE written to a permit holder telling him he is subject to prosecution under the federal law, even though he is in full compliance with state law.
www.handgunlaw.us/documents/batf_school_zone.pdf