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LRBb0788/1
ALL:wlj
2017 - 2018 LEGISLATURE
ASSEMBLY AMENDMENT 4,
TO ASSEMBLY SUBSTITUTE AMENDMENT 1,
TO ASSEMBLY BILL 64
September 13, 2017 - Offered by Representatives Barca, Shankland, Hintz, C.
Taylor
, Anderson, Berceau, Billings, Bowen, Brostoff, Considine,
Crowley, Doyle, Fields, Genrich, Goyke, Hebl, Hesselbein, Kessler,
Kolste, Mason, Meyers, Milroy, Ohnstad, Pope, Riemer, Sargent, Sinicki,
Spreitzer, Stuck, Subeck, Vruwink, Wachs, Young, Zamarripa and Zepnick.
AB64-ASA1-AA4,1,11 At the locations indicated, amend the substitute amendment as follows:
AB64-ASA1-AA4,1,2 21. Page 609, line 23: after that line insert:
AB64-ASA1-AA4,1,3 3 Section 1025m. 71.05 (23) (b) 1. of the statutes is amended to read:
AB64-ASA1-AA4,1,84 71.05 (23) (b) 1. A personal exemption of $700 if the taxpayer is required to file
5a return under s. 71.03 (2) (a) 1. or 2. and $700 for the taxpayer's spouse, except if
6the spouse is filing separately or as a head of household. For taxable years beginning
7after December 31, 2016, the exemption under this subdivision may not be claimed
8by a taxpayer who is eligible for, and claims, the exemption under par. (be).
AB64-ASA1-AA4,1025n 9Section 1025n. 71.05 (23) (be) of the statutes is created to read:
AB64-ASA1-AA4,1,1210 71.05 (23) (be) For taxable years beginning after December 31, 2016, a personal
11exemption calculated as follows if the taxpayer is required to file a return under s.
1271.03 (2) (a) 1. or 2.:
AB64-ASA1-AA4,2,8
11. For a single individual who has a Wisconsin adjusted gross income of less
2than $12,000, an exemption of $2,600. For a single individual who has a Wisconsin
3adjusted gross income of at least $12,000, the exemption is the amount obtained by
4subtracting from $2,600 3.96 percent of Wisconsin adjusted gross income in excess
5of $12,000 but not less than $0, except that if the single individual's Wisconsin
6adjusted gross income is more than $60,000, the individual may not claim the
7exemption under this paragraph but the individual may claim the exemption under
8par. (b).
AB64-ASA1-AA4,2,169 2. For a head of household who has a Wisconsin adjusted gross income of less
10than $14,000, an exemption of $2,600. For a head of household who has a Wisconsin
11adjusted gross income of at least $14,000, the exemption is the amount obtained by
12subtracting from $2,600 3.39 percent of Wisconsin adjusted gross income in excess
13of $14,000 but not less than $0, except that if the head of household's Wisconsin
14adjusted gross income is more than $70,000, the individual may not claim the
15exemption under this paragraph but the head of household may claim the exemption
16under par. (b).
AB64-ASA1-AA4,2,2517 3. For a married couple filing jointly that has an aggregate Wisconsin adjusted
18gross income of less than $20,000, an exemption of $5,200 for the married couple.
19For a married couple filing jointly that has an aggregate Wisconsin adjusted gross
20income of at least $20,000, the exemption is the amount obtained by subtracting, for
21the married couple, from $5,200 4.75 percent of aggregate Wisconsin adjusted gross
22income in excess of $20,000 but not less than $0, except that if the married couple's
23Wisconsin aggregate adjusted gross income is more than $100,000, the couple may
24not claim the exemption under this paragraph but the married couple may claim the
25exemption under par. (b).
AB64-ASA1-AA4,3,8
14. For a married individual filing separately who has a Wisconsin adjusted
2gross income of less than $10,000, an exemption of $2,600. For a married individual
3filing separately who has a Wisconsin adjusted gross income of at least $10,000, the
4exemption is the amount obtained by subtracting from $2,600 4.75 percent of
5Wisconsin adjusted gross income in excess of $10,000 but not less than $0, except that
6if the individual's Wisconsin adjusted gross income is more than $50,000, the
7individual may not claim the exemption under this paragraph but the individual
8may claim the exemption under par. (b).”.
AB64-ASA1-AA4,3,9 92. Page 609, line 24: delete that line.
AB64-ASA1-AA4,3,10 103. Page 610, line 1: delete lines 1 to 21.
AB64-ASA1-AA4,3,12 114. Page 611, line 5: delete “ss. s. 71.02 and71.08” and substitute “ss. 71.02 and
1271.08".
AB64-ASA1-AA4,3,13 135. Page 611, line 13: delete lines 13 to 25.
AB64-ASA1-AA4,3,14 146. Page 612, line 1: delete lines 1 to 4.
AB64-ASA1-AA4,3,15 157. Page 619, line 5: delete lines 5 to 25.
AB64-ASA1-AA4,3,16 168. Page 620, line 1: delete lines 1 to 25.
AB64-ASA1-AA4,3,17 179. Page 622, line 3: delete lines 3 to 9.
AB64-ASA1-AA4,3,18 1810. Page 622, line 16: delete lines 16 to 20.
AB64-ASA1-AA4,3,19 1911. Page 623, line 3: delete lines 3 to 5.
AB64-ASA1-AA4,3,20 2012. Page 623, line 6: delete lines 6 to 11.
AB64-ASA1-AA4,3,21 2113. Page 625, line 7: after that line insert:
AB64-ASA1-AA4,3,22 22 Section 1047e. 71.07 (9e) (af) (intro.) of the statutes is amended to read:
AB64-ASA1-AA4,4,6
171.07 (9e) (af) (intro.) For taxable years beginning after December 31, 1995,
2and before January 1, 2011, and for the taxable years beginning after December 31,
32017,
any natural person may credit against the tax imposed under s. 71.02 an
4amount equal to one of the following percentages of the federal basic earned income
5credit for which the person is eligible for the taxable year under section 32 (b) (1) (A)
6to (C) of the Internal Revenue Code:
AB64-ASA1-AA4,1047f 7Section 1047f. 71.07 (9e) (aj) (intro.) of the statutes is amended to read:
AB64-ASA1-AA4,4,128 71.07 (9e) (aj) (intro.) For taxable years beginning after December 31, 2010,
9and before January 1, 2018, an individual may credit against the tax imposed under
10s. 71.02 an amount equal to one of the following percentages of the federal basic
11earned income credit for which the person is eligible for the taxable year under
12section 32 (b) (1) (A) to (C) of the Internal Revenue Code:”.
AB64-ASA1-AA4,4,13 1314. Page 625, line 8: delete lines 8 to 25.
AB64-ASA1-AA4,4,14 1415. Page 626, line 1: delete lines 1 to 12.
AB64-ASA1-AA4,4,16 1516. Page 626, line 19: delete the material beginning with that line and ending
16with the material on page 628, line 14.
AB64-ASA1-AA4,4,17 1717. Page 648, line 12: delete lines 12 to 18.
AB64-ASA1-AA4,4,18 1818. Page 660, line 24: delete that line.
AB64-ASA1-AA4,4,19 1919. Page 661, line 1: delete lines 1 to 6.
AB64-ASA1-AA4,4,20 2020. Page 665, line 19: delete lines 19 to 25.
AB64-ASA1-AA4,4,21 2121. Page 666, line 1: delete lines 1 to 3.
AB64-ASA1-AA4,4,22 2222. Page 671, line 23: delete lines 23 to 25.
AB64-ASA1-AA4,4,23 2323. Page 672, line 1: delete lines 1 to 13.
AB64-ASA1-AA4,5,1
124. Page 1071, line 7: delete lines 7 to 13.
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