LRBs0368/1
JK:cdc
2023 - 2024 LEGISLATURE
ASSEMBLY SUBSTITUTE AMENDMENT 1,
TO ASSEMBLY BILL 779
February 22, 2024 - Offered by Representative Shankland.
AB779-ASA1,1,3
1An Act to create 71.07 (11) and 71.10 (4) (eb) of the statutes;
relating to:
2creating an individual income tax credit for completing an apprenticeship
3program.
Analysis by the Legislative Reference Bureau
The bill allows an individual enrolled in an apprenticeship program to claim an
income tax credit of $500 for the taxable year in which the individual completes the
program.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB779-ASA1,1
4Section
1. 71.07 (11) of the statutes is created to read:
AB779-ASA1,1,65
71.07
(11) Eligible apprenticeship expenses credit. (a)
Definitions. In this
6subsection:
AB779-ASA1,1,77
1. “Apprentice” has the meaning given in s. 106.001 (1).
AB779-ASA1,2,1
12. “Apprenticeship program” has the meaning given in s. 106.001 (4).
AB779-ASA1,2,32
3. “Claimant” means an individual who is an apprentice enrolled in an
3apprenticeship program and who files a claim under this subsection.
AB779-ASA1,2,74
(b)
Filing claims. For taxable years beginning after December 31, 2023, and
5subject to the limitations under this subsection, a claimant may claim as a credit
6against the tax imposed under s. 71.02 $500 for the taxable year in which the
7claimant successfully completes an apprenticeship program.
AB779-ASA1,2,98
(c)
Limitations. No credit may be allowed under this subsection unless it is
9claimed within the time period under s. 71.75 (2).
AB779-ASA1,2,1110
(d)
Administration. Subsection (9e) (d), to the extent that it applies to the credit
11under that subsection, applies to the credit under this subsection.
AB779-ASA1,2
12Section
2. 71.10 (4) (eb) of the statutes is created to read:
AB779-ASA1,2,1313
71.10
(4) (eb) Eligible apprenticeship expenses credit under s. 71.07 (11).
