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SB21-SSA1-SA24,2,2523 (c) Limitations, provisions. 1. The maximum credit that may be claimed under
24this subsection by a claimant who files as a single individual or head of household
25is $250, for each child, in each year to which the claim relates.
SB21-SSA1-SA24,3,3
12. The maximum credit that may be claimed under this subsection by claimants
2who are a married couple and file a joint return is $250, for each child, in each year
3to which the claim relates.
SB21-SSA1-SA24,3,64 3. The maximum credit that may be claimed under this subsection by each
5spouse of a married couple that files separately is 50 percent of the amount described
6in subd. 2.
SB21-SSA1-SA24,3,87 4. No credit may be claimed under this subsection by a part-year resident or
8a nonresident of this state.
SB21-SSA1-SA24,3,109 5. No credit may be allowed under this subsection unless it is claimed within
10the period specified in s. 71.75 (2).
SB21-SSA1-SA24,3,1311 6. No credit may be allowed under this subsection for a taxable year covering
12a period of less than 12 months, except for a taxable year closed by reason of the death
13of the taxpayer.
SB21-SSA1-SA24,3,1514 7. No credit may be claimed under this subsection by any claimant whose
15household income in the year to which the claim relates exceeds the poverty level.
SB21-SSA1-SA24,3 16Section 3. 71.07 (9e) (af) (intro.) of the statutes is amended to read:
SB21-SSA1-SA24,3,2217 71.07 (9e) (af) (intro.) For taxable years beginning after December 31, 1995,
18and before January 1, 2011, and for taxable years beginning after December 31, 2014,
19any natural person may credit against the tax imposed under s. 71.02 an amount
20equal to one of the following percentages of the federal basic earned income credit for
21which the person is eligible for the taxable year under section 32 (b) (1) (A) to (C) of
22the Internal Revenue Code:
SB21-SSA1-SA24,4 23Section 4. 71.07 (9e) (aj) (intro.) of the statutes is amended to read:
SB21-SSA1-SA24,4,324 71.07 (9e) (aj) (intro.) For taxable years beginning after December 31, 2010,
25and before January 1, 2015, an individual may credit against the tax imposed under

1s. 71.02 an amount equal to one of the following percentages of the federal basic
2earned income credit for which the person is eligible for the taxable year under
3section 32 (b) (1) (A) to (C) of the Internal Revenue Code:
SB21-SSA1-SA24,5 4Section 5. 71.08 (1) (intro.) of the statutes is amended to read:
SB21-SSA1-SA24,4,145 71.08 (1) Imposition. (intro.) If the tax imposed on a natural person, married
6couple filing jointly, trust, or estate under s. 71.02, not considering the credits under
7ss. 71.07 (1), (2dd), (2de), (2di), (2dj), (2dL), (2dr), (2ds), (2dx), (2dy), (3m), (3n), (3p),
8(3q), (3r), (3rm), (3rn), (3s), (3t), (3w), (4k), (5b), (5d), (5e), (5f), (5h), (5i), (5j), (5n), (6),
9(6e), (8m), (8r), (9e), (9m), and (9r), 71.28 (1dd), (1de), (1di), (1dj), (1dL), (1ds), (1dx),
10(1dy), (2m), (3), (3n), (3t), and (3w), 71.47 (1dd), (1de), (1di), (1dj), (1dL), (1ds), (1dx),
11(1dy), (2m), (3), (3n), (3t), and (3w), 71.57 to 71.61, and 71.613 and subch. VIII and
12payments to other states under s. 71.07 (7), is less than the tax under this section,
13there is imposed on that natural person, married couple filing jointly, trust or estate,
14instead of the tax under s. 71.02, an alternative minimum tax computed as follows:
SB21-SSA1-SA24,6 15Section 6. 71.10 (4) (i) of the statutes is amended to read:
SB21-SSA1-SA24,5,316 71.10 (4) (i) The total of claim of right credit under s. 71.07 (1), farmland
17preservation credit under ss. 71.57 to 71.61, farmland preservation credit, 2010 and
18beyond under s. 71.613, homestead credit under subch. VIII, farmland tax relief
19credit under s. 71.07 (3m), dairy manufacturing facility investment credit under s.
2071.07 (3p), jobs tax credit under s. 71.07 (3q), meat processing facility investment
21credit under s. 71.07 (3r), woody biomass harvesting and processing credit under s.
2271.07 (3rm), food processing plant and food warehouse investment credit under s.
2371.07 (3rn), film production services credit under s. 71.07 (5f), film production
24company investment credit under s. 71.07 (5h), dependent children tax credit under
25s. 71.07 (8m),
veterans and surviving spouses property tax credit under s. 71.07 (6e),

1enterprise zone jobs credit under s. 71.07 (3w), beginning farmer and farm asset
2owner tax credit under s. 71.07 (8r), earned income tax credit under s. 71.07 (9e),
3estimated tax payments under s. 71.09, and taxes withheld under subch. X.
SB21-SSA1-SA24,7 4Section 7. 71.54 (1) (g) (intro.) of the statutes is amended to read:
SB21-SSA1-SA24,5,75 71.54 (1) (g) 2012 and thereafter to 2014. (intro.) The amount of any claim filed
6in 2012 and thereafter to 2014 and based on property taxes accrued or rent
7constituting property taxes accrued during the previous year is limited as follows:
SB21-SSA1-SA24,8 8Section 8. 71.54 (1) (h) of the statutes is created to read:
SB21-SSA1-SA24,5,119 71.54 (1) (h) 2015 and thereafter. Subject to sub. (2m), the amount of any claim
10filed in 2015 and thereafter and based on property taxes accrued or rent constituting
11property taxes accrued during the previous year is limited as follows:
SB21-SSA1-SA24,5,1412 1. If the household income was $8,060 or less in the year to which the claim
13relates, the claim is limited to 80 percent of the property taxes accrued or rent
14constituting property taxes accrued or both in that year on the claimant's homestead.
SB21-SSA1-SA24,5,1915 2. If the household income was more than $8,060 in the year to which the claim
16relates, the claim is limited to 80 percent of the amount by which the property taxes
17accrued or rent constituting property taxes accrued or both in that year on the
18claimant's homestead exceeds 8.785 percent of the household income exceeding
19$8,060.
SB21-SSA1-SA24,5,2120 3. No credit may be allowed if the household income of a claimant exceeds
21$24,680.
SB21-SSA1-SA24,9 22Section 9. 71.54 (2) (b) 4. of the statutes is amended to read:
SB21-SSA1-SA24,5,2423 71.54 (2) (b) 4. In calendar years 2011 or any subsequent calendar year to 2013,
24$1,460.
SB21-SSA1-SA24,10 25Section 10. 71.54 (2) (b) 5. of the statutes is created to read:
SB21-SSA1-SA24,6,2
171.54 (2) (b) 5. Subject to sub. (2m), in calendar year 2014 or any subsequent
2calendar year, $1,460.
SB21-SSA1-SA24,11 3Section 11. 71.54 (2m) of the statutes is amended to read:
SB21-SSA1-SA24,6,214 71.54 (2m) Indexing for inflation; 2010 2014 and thereafter. (a) For calendar
5years beginning after December 31, 2009, and before January 1, 2011 2013, the dollar
6amounts of the threshold income under sub. (1) (f) (h) 1. and 2., the maximum
7household income under sub. (1) (f) (h) 3. and the maximum property taxes under
8sub. (2) (b) 3. 5. shall be increased each year by a percentage equal to the percentage
9change between the U.S. consumer price index for all urban consumers, U.S. city
10average, for the 12-month average of the U.S. consumer price index for the month
11of August of the year before the previous year through the month of July of the
12previous year and the U.S. consumer price index for all urban consumers, U.S. city
13average, for the 12-month average of the U.S. consumer price index for August 2007
14through July 2008, as determined by the federal department of labor, except that the
15adjustment may occur only if the percentage is a positive number. Each amount that
16is revised under this paragraph shall be rounded to the nearest multiple of $10 if the
17revised amount is not a multiple of $10 or, if the revised amount is a multiple of $5,
18such an amount shall be increased to the next higher multiple of $10. The
19department of revenue shall annually adjust the changes in dollar amounts required
20under this paragraph and incorporate the changes into the income tax forms and
21instructions.
SB21-SSA1-SA24,7,222 (b) The department of revenue shall annually adjust the slope under sub. (1)
23(f) (h) 2. such that, as a claimant's income increases from the threshold income as
24calculated under par. (a), to an amount that exceeds the maximum household income
25as calculated under par. (a), the credit that may be claimed is reduced to $0 and the

1department of revenue shall incorporate the changes into the income tax forms and
2instructions.
SB21-SSA1-SA24,9337 3Section 9337. Initial applicability; Revenue.
SB21-SSA1-SA24,7,84 (1) The treatment of sections 20.835 (2) (cb), 71.07 (8m), 71.08 (1) (intro), and
571.10 (4) (i) of the statutes first applies to taxable years beginning on January 1 of
6the year in which this subsection takes effect, except that if this subsection takes
7effect after July 31, this act first applies to taxable years beginning on January 1 of
8the year following the year in which this subsection takes effect.".
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