Amendment SA1-AB18

LRBa0519/1

EKL:cdc

2021 - 2022 LEGISLATURE

SENATE AMENDMENT 1, TO ASSEMBLY BILL 18

May 11, 2021 - Offered by Senator Carpenter.

AB18-SA1,1,2 At the locations indicated, amend the bill, as shown by assembly substitute amendment 2, as follows:

AB18-SA1,1,3 1. Page 3, line 7: after that line insert:

AB18-SA1,1,4 “ Section 4m. 71.05 (1) (d) of the statutes is created to read:

AB18-SA1,1,8 71.05 (1) (d) Unemployment compensation. 1. For taxable years beginning after December 31, 2019, and before January 1, 2021, the unemployment compensation received by the individual that is excluded from federal adjusted gross income under section 85 (c) of the Internal Revenue Code.

AB18-SA1,2,3 2. For taxable years beginning after December 31, 2020, and before January 1, 2022, the unemployment compensation received in the taxable year by the individual, limited to $10,200. In the case of married spouses filing a joint return who both receive unemployment compensation during the taxable year, the $10,200 limitation shall apply separately to each spouse. This subdivision does not apply if the federal adjusted gross income, as determined under section 85 (c) (2) of the Internal Revenue Code, of the individual, or of the individual and his or her spouse if married filing a joint return, is $150,000 or more.

AB18-SA1,5m Section 5m. 71.05 (6) (b) 8. of the statutes is amended to read:

AB18-SA1,2,9 71.05 (6) (b) 8. The difference between the amount included in federal adjusted gross income for the current year and the amount calculated under section 85 of the internal revenue code Internal Revenue Code (relating to unemployment compensation) as that section existed on December 31, 1985, to the extent that such amount is not exempt under sub. (1) (d).”.

AB18-SA1,2,10 (End)