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LRBa1419/1
JK&EKL:amn&cdc
2019 - 2020 LEGISLATURE
SENATE AMENDMENT 1,
TO SENATE BILL 706
March 13, 2020 - Offered by Senator Jacque.
SB706-SA1,1,11 At the locations indicated, amend the bill as follows:
SB706-SA1,1,3 21. Page 1, line 4: after “level" insert “and modifying the medical care insurance
3subtraction for self-employed individuals".
SB706-SA1,1,4 42. Page 2, line 1: before that line insert:
SB706-SA1,1,5 5 Section 1d. 71.05 (6) (b) 19. c. of the statutes is amended to read:
SB706-SA1,1,116 71.05 (6) (b) 19. c. For taxable years beginning before January 1, 2020, for a
7person who is a nonresident or a part-year resident of this state, modify the amount
8calculated under subd. 19. b. by multiplying the amount by a fraction the numerator
9of which is the person's net earnings from a trade or business that are taxable by this
10state and the denominator of which is the person's total net earnings from a trade
11or business.
SB706-SA1,1f 12Section 1f. 71.05 (6) (b) 19. cm. of the statutes is created to read:
SB706-SA1,2,13
171.05 (6) (b) 19. cm. For taxable years beginning after December 31, 2019, for
2a person who is a nonresident or a part-year resident of this state, modify the amount
3calculated under subd. 19. b. by multiplying the amount by a fraction the numerator
4of which is the person's wages, salary, tips, unearned income, and net earnings from
5a trade or business that are taxable by this state and the denominator of which is the
6person's total wages, salary, tips, unearned income, and net earnings from a trade
7or business. In this subd. 19. cm., for married persons filing separately “ wages,
8salary, tips, unearned income, and net earnings from a trade or business" means the
9separate wages, salary, tips, unearned income, and net earnings from a trade or
10business of each spouse, and for married persons filing jointly “wages, salary, tips,
11unearned income, and net earnings from a trade or business" means the total wages,
12salary, tips, unearned income, and net earnings from a trade or business of both
13spouses.
SB706-SA1,1h 14Section 1h. 71.05 (6) (b) 19. d. of the statutes is amended to read:
SB706-SA1,2,1715 71.05 (6) (b) 19. d. Reduce For taxable years beginning before January 1, 2020,
16reduce
the amount calculated under subd. 19. b. or c. to the person's aggregate net
17earnings from a trade or business that are taxable by this state.
SB706-SA1,1m 18Section 1m. 71.05 (6) (b) 19. dm. of the statutes is created to read:
SB706-SA1,2,2219 71.05 (6) (b) 19. dm. For taxable years beginning after December 31, 2019,
20reduce the amount calculated under subd. 19. b. or cm. to the person's aggregate
21wages, salary, tips, unearned income, and net earnings from a trade or business that
22are taxable by this state.”.
SB706-SA1,3,3
13. Page 3, line 10: delete “This act first applies" and substitute “The treatment
2of s. 71.29 (7) (b) and (10) (a) and (d), the renumbering and amendment of s. 71.365
3(4m) (d) 1., and the creation of s. 71.365 (4m) (d) 1. a. and b. first apply".
SB706-SA1,3,6 44. Page 3, line 12: delete “the act first applies" and substitute “the treatment
5of s. 71.29 (7) (b) and (10) (a) and (d), the renumbering and amendment of s. 71.365
6(4m) (d) 1., and the creation of s. 71.365 (4m) (d) 1. a. and b. first apply".
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