AB56,605,2120 a. Any amount that is distributed to an account holder under s. 71.10 (10) (d)
213. or to an account holder's estate under s. 71.10 (10) (d) 4.
AB56,606,222 b. Any amount that is withdrawn from the account for any reason other than
23payment or reimbursement of eligible costs as defined under s. 71.10 (10) (a) 3.,
24except that this subd. 29. b. does not apply to the transfer of funds to another account

1as described under s. 71.10 (10) (c) 4. or funds that are disbursed pursuant to a filing
2for bankruptcy protection under 11 USC 101 et seq.
AB56,852 3Section 852. 71.05 (6) (a) 30. of the statutes is created to read:
AB56,606,84 71.05 (6) (a) 30. The amount deducted under the Internal Revenue Code as
5moving expenses, as defined in s. 71.01 (8j), paid or incurred during the taxable year
6to move the taxpayer's Wisconsin business operation, in whole or in part, to a location
7outside the state or to move the taxpayer's business operation outside the United
8States.
AB56,853 9Section 853. 71.05 (6) (b) 9. of the statutes is renumbered 71.05 (6) (b) 9.
10(intro.) and amended to read:
AB56,607,211 71.05 (6) (b) 9. (intro.) On assets held more than one year and on all assets
12acquired from a decedent, 30 percent of the capital gain as computed under the
13internal revenue code Internal Revenue Code, not including capital gains for which
14the federal tax treatment is determined under section 406 of P.L. 99-514; not
15including amounts treated as ordinary income for federal income tax purposes
16because of the recapture of depreciation or any other reason; and not including
17amounts treated as capital gain for federal income tax purposes from the sale or
18exchange of a lottery prize. For purposes of this subdivision, the capital gains and
19capital losses for all assets shall be netted before application of the percentage. For
20taxable years beginning after December 31, 2018, this subdivision does not apply to
21any of the following individuals whose federal adjusted gross income in the year to
22which the subtraction relates exceeds the following threshold amounts, except that
23for a taxpayer whose federal adjusted gross income, less 30 percent of eligible
24long-term capital gains from nonfarm assets, is below the specified threshold
25amount, the taxpayer may claim the subtraction under this subdivision reduced by

1the amount of the taxpayer's federal adjusted gross income that exceeds the
2threshold amount:
AB56,854 3Section 854. 71.05 (6) (b) 9. a. of the statutes is created to read:
AB56,607,54 71.05 (6) (b) 9. a. For an estate, a trust, a single individual, or an individual who
5files as a head of household, $100,000.
AB56,855 6Section 855. 71.05 (6) (b) 9. b. of the statutes is created to read:
AB56,607,77 71.05 (6) (b) 9. b. For a married couple who files a joint return, $150,000.
AB56,856 8Section 856. 71.05 (6) (b) 9. c. of the statutes is created to read:
AB56,607,99 71.05 (6) (b) 9. c. For a married individual who files a separate return, $75,000.
AB56,857 10Section 857. 71.05 (6) (b) 17. of the statutes is repealed.
AB56,858 11Section 858. 71.05 (6) (b) 18. of the statutes is repealed.
AB56,859 12Section 859. 71.05 (6) (b) 19. c. of the statutes is amended to read:
AB56,607,1813 71.05 (6) (b) 19. c. For taxable years beginning before January 1, 2020, for a
14person who is a nonresident or a part-year resident of this state, modify the amount
15calculated under subd. 19. b. by multiplying the amount by a fraction the numerator
16of which is the person's net earnings from a trade or business that are taxable by this
17state and the denominator of which is the person's total net earnings from a trade
18or business.
AB56,860 19Section 860. 71.05 (6) (b) 19. cm. of the statutes is created to read:
AB56,608,720 71.05 (6) (b) 19. cm. For taxable years beginning after December 31, 2019, for
21a person who is a nonresident or a part-year resident of this state, modify the amount
22calculated under subd. 19. b. by multiplying the amount by a fraction the numerator
23of which is the person's wages, salary, tips, unearned income, and net earnings from
24a trade or business that are taxable by this state and the denominator of which is the
25person's total wages, salary, tips, unearned income, and net earnings from a trade

1or business. In this subdivision, for married persons filing separately “wages, salary,
2tips, unearned income, and net earnings from a trade or business" means the
3separate wages, salary, tips, unearned income, and net earnings from a trade or
4business of each spouse, and for married persons filing jointly “wages, salary, tips,
5unearned income, and net earnings from a trade or business" means the total wages,
6salary, tips, unearned income, and net earnings from a trade or business of both
7spouses.
AB56,861 8Section 861. 71.05 (6) (b) 19. d. of the statutes is amended to read:
AB56,608,119 71.05 (6) (b) 19. d. Reduce For taxable years beginning before January 1, 2020,
10reduce
the amount calculated under subd. 19. b. or c. to the person's aggregate net
11earnings from a trade or business that are taxable by this state.
AB56,862 12Section 862. 71.05 (6) (b) 19. dm. of the statutes is created to read:
AB56,608,1613 71.05 (6) (b) 19. dm. For taxable years beginning after December 31, 2019,
14reduce the amount calculated under subd. 19. b. or cm. to the person's aggregate
15wages, salary, tips, unearned income, and net earnings from a trade or business that
16are taxable by this state.
AB56,863 17Section 863. 71.05 (6) (b) 20. of the statutes is repealed.
AB56,864 18Section 864. 71.05 (6) (b) 36. of the statutes is repealed.
AB56,865 19Section 865. 71.05 (6) (b) 37. of the statutes is repealed.
AB56,866 20Section 866. 71.05 (6) (b) 39. of the statutes is repealed.
AB56,867 21Section 867. 71.05 (6) (b) 40. of the statutes is repealed.
AB56,868 22Section 868. 71.05 (6) (b) 41. of the statutes is repealed.