AB2-ASA3,16,22
9. A rental assistance program.
AB2-ASA3,16,33
10. Supplemental child care grants.
AB2-ASA3,16,44
11. A food insecurity initiative.
AB2-ASA3,16,55
12. A farm support program.
AB2-ASA3,16,66
13. Grants to small businesses.
AB2-ASA3,16,77
14. Ethanol industry assistance.
AB2-ASA3,16,88
15. Wisconsin Eye.
AB2-ASA3,27
9Section 27
. 71.05 (6) (b) 4. of the statutes is renumbered 71.05 (6) (b) 4. (intro.)
10and amended to read:
AB2-ASA3,17,711
71.05
(6) (b) 4. (intro.) Disability payments other than disability payments that
12are paid from a retirement plan, the payments from which are exempt under
sub. 13subs. (1)
(ae), (am)
, and (an)
and (6) (b) 54., if the individual either is single or is
14married and files a joint return
, to the extent those payments are excludable under
15section 105 (d) of the Internal Revenue Code as it existed immediately prior to its
16repeal in 1983 by section 122 (b) of P.L. 98-21, except that if an individual is divorced
17during the taxable year that individual may subtract an amount only if that person
18is disabled and the amount that may be subtracted then is $100 for each week that
19payments are received or the amount of disability pay reported as income, whichever
20is less. If the exclusion under this subdivision is claimed on a joint return and only
21one of the spouses is disabled, the maximum exclusion is $100 for each week that
22payments are received or the amount of disability pay reported as income, whichever
23is less. and is under 65 years of age before the close of the taxable year to which the
24subtraction relates, retired on disability, and, when the individual retired, was
25permanently and totally disabled. In this subdivision, “permanently and totally
1disabled" means an individual who is unable to engage in any substantial gainful
2activity by reason of any medically determinable physical or mental impairment that
3can be expected to result in death or which has lasted or can be expected to last for
4a continuous period of not less than 12 months. An individual shall not be considered
5permanently and totally disabled for purposes of this subdivision unless proof is
6furnished in such form and manner, and at such times, as prescribed by the
7department. The exclusion under this subdivision shall be determined as follows:
AB2-ASA3,28
8Section 28
. 71.05 (6) (b) 4. a. to c. of the statutes are created to read:
AB2-ASA3,17,129
71.05
(6) (b) 4. a. If the individual is single and the individual's federal adjusted
10gross income in the year to which the subtraction relates is less than $20,200, the
11maximum subtraction is $100 for each week that payments are received or the
12amount of disability pay reported as income, whichever is less.
AB2-ASA3,17,1713
b. If the individual is married and filing a joint return and the couple's federal
14adjusted gross income in the year to which the subtraction relates is less than
15$20,200, or $25,400 if both spouses are disabled, the maximum subtraction is $100
16for each week that payments are received, per spouse if both spouses are disabled,
17or the amount of disability pay reported as income, whichever is less.
AB2-ASA3,17,2218
c. If the federal adjusted gross income of the individual, or individuals if filing
19a joint return, for the taxable year, determined without regard to this subd. 4.,
20exceeds $15,000, the amount subtracted under this subd. 4. for the taxable year shall
21be reduced by an amount equal to the excess of the federal adjusted gross income over
22$15,000.
AB2-ASA3,29
23Section 29
. 71.05 (6) (b) 17. and 18. of the statutes are repealed.
AB2-ASA3,30
24Section 30
. 71.05 (6) (b) 19. c. of the statutes is amended to read:
AB2-ASA3,18,6
171.05
(6) (b) 19. c. For
taxable years beginning before January 1, 2021, for a
2person 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 net earnings from a trade or business that are taxable by this
5state and the denominator of which is the person's total net earnings from a trade
6or business.
AB2-ASA3,31
7Section 31
. 71.05 (6) (b) 19. cm. of the statutes is created to read:
AB2-ASA3,18,208
71.05
(6) (b) 19. cm. For taxable years beginning after December 31, 2020, for
9a person who is a nonresident or a part-year resident of this state, modify the amount
10calculated under subd. 19. b. by multiplying the amount by a fraction the numerator
11of which is the person's wages, salary, tips, unearned income, and net earnings from
12a trade or business that are taxable by this state and the denominator of which is the
13person's total wages, salary, tips, unearned income, and net earnings from a trade
14or business. In this subd. 19. cm., for married persons filing separately “
wages,
15salary, tips, unearned income, and net earnings from a trade or business" means the
16separate wages, salary, tips, unearned income, and net earnings from a trade or
17business of each spouse, and for married persons filing jointly “wages, salary, tips,
18unearned income, and net earnings from a trade or business" means the total wages,
19salary, tips, unearned income, and net earnings from a trade or business of both
20spouses.
AB2-ASA3,32
21Section 32
. 71.05 (6) (b) 19. d. of the statutes is amended to read:
AB2-ASA3,18,2422
71.05
(6) (b) 19. d.
Reduce
For taxable years beginning before January 1, 2021,
23reduce the amount calculated under subd. 19. b. or c. to the person's aggregate net
24earnings from a trade or business that are taxable by this state.
AB2-ASA3,33
25Section 33
. 71.05 (6) (b) 19. dm. of the statutes is created to read:
AB2-ASA3,19,4
171.05
(6) (b) 19. dm. For taxable years beginning after December 31, 2020,
2reduce the amount calculated under subd. 19. b. or cm. to the person's aggregate
3wages, salary, tips, unearned income, and net earnings from a trade or business that
4are taxable by this state.
AB2-ASA3,34
5Section 34
. 71.05 (6) (b) 20., 36., 37., 39., 40. and 41. of the statutes are
6repealed.
AB2-ASA3,35
7Section 35
. 71.05 (6) (b) 54. of the statutes is created to read:
AB2-ASA3,19,138
71.05
(6) (b) 54. Except for a payment that is exempt under sub. (1) (a), (am),
9or (an), or that is exempt as a railroad retirement benefit, for taxable years beginning
10after December 31, 2020, up to $5,000 of payments or distributions received each
11year by an individual from a qualified retirement plan under the Internal Revenue
12Code or from an individual retirement account established under
26 USC 408, if all
13of the following conditions apply:
AB2-ASA3,19,1514
a. The individual is at least 65 years of age before the close of the taxable year
15to which the exemption claim relates.
AB2-ASA3,19,1816
b. If the individual is single or files as head of household, his or her federal
17adjusted gross income in the year to which the exemption claim relates is less than
18$15,000.
AB2-ASA3,19,2019
c. If the individual is married and is a joint filer, the couple's federal adjusted
20gross income in the year to which the exemption claim relates is less than $30,000.
AB2-ASA3,19,2321
d. If the individual is married and files a separate return, the sum of both
22spouses' federal adjusted gross income in the year to which the exemption claim
23relates is less than $30,000.