SB1,,54542. On all taxable income exceeding $10,000 but not exceeding $20,000, 3.95 percent.
SB1,,55553. On all taxable income exceeding $20,000 but not exceeding $300,000, 4.28 percent.
SB1,,56564. On all taxable income exceeding $300,000, 5.45 percent.
SB1,1857Section 18. 71.06 (2) (L) of the statutes, as created by 2023 Wisconsin Act .... (this act), is repealed.
SB1,1958Section 19. 71.06 (2) (Lm) of the statutes is created to read:
SB1,,595971.06 (2) (Lm) For married persons filing separately, for taxable years beginning after December 31, 2023, and before January 1, 2025:
SB1,,60601. On all taxable income from $0 to $5,000, 3.40 percent.
SB1,,61612. On all taxable income exceeding $5,000 but not exceeding $10,000, 3.95 percent.
SB1,,62623. On all taxable income exceeding $10,000 but not exceeding $150,000, 4.28 percent.
SB1,,63634. On all taxable income exceeding $150,000, 5.45 percent.
SB1,2064Section 20. 71.06 (2) (Lm) of the statutes, as created by 2023 Wisconsin Act .... (this act), is repealed.
SB1,2165Section 21. 71.06 (2) (m) of the statutes is created to read:
SB1,,666671.06 (2) (m) For joint returns, for taxable years beginning after December 31, 2024, and before January 1, 2026:
SB1,,67671. On all taxable income from $0 to $10,000, 3.32 percent.
SB1,,68682. On all taxable income exceeding $10,000 but not exceeding $20,000, 3.60 percent.
SB1,,69693. On all taxable income exceeding $20,000 but not exceeding $300,000, 3.76 percent.
SB1,,70704. On all taxable income exceeding $300,000, 4.35 percent.
SB1,2271Section 22. 71.06 (2) (m) of the statutes, as created by 2023 Wisconsin Act .... (this act), is repealed.
SB1,2372Section 23. 71.06 (2) (mm) of the statutes is created to read:
SB1,,737371.06 (2) (mm) For married persons filing separately, for taxable years beginning after December 31, 2024, and before January 1, 2026:
SB1,,74741. On all taxable income from $0 to $5,000, 3.32 percent.
SB1,,75752. On all taxable income exceeding $5,000 but not exceeding $10,000, 3.60 percent.
SB1,,76763. On all taxable income exceeding $10,000 but not exceeding $150,000, 3.76 percent.
SB1,,77774. On all taxable income exceeding $150,000, 4.35 percent.
SB1,2478Section 24. 71.06 (2) (mm) of the statutes, as created by 2023 Wisconsin Act .... (this act), is repealed.
SB1,2579Section 25. 71.06 (2) (n) of the statutes is created to read:
SB1,,808071.06 (2) (n) For joint returns and married persons filing separately, for taxable years beginning after December 31, 2025, on all taxable income 3.25 percent.
SB1,2681Section 26. 71.06 (2e) (a) of the statutes is amended to read:
SB1,,828271.06 (2e) (a) For taxable years beginning after December 31, 1998, and before January 1, 2000, the maximum dollar amount in each tax bracket, and the corresponding minimum dollar amount in the next bracket, under subs. (1m) and (2) (c) and (d), and for taxable years beginning after December 31, 1999, and before January 1, 2023, the maximum dollar amount in each tax bracket, and the corresponding minimum dollar amount in the next bracket, under subs. (1n), (1p) (a) to (c), (1q) (a) and (b), and (2) (e), (f), (g) 1. to 3., (h) 1. to 3., (i) 1. and 2., and (j) 1. and 2., shall be increased each year by a percentage equal to the percentage change between the U.S. consumer price index for all urban consumers, U.S. city average, for the month of August of the previous year and the U.S. consumer price index for all urban consumers, U.S. city average, for the month of August 1997, as determined by the federal department of labor, except that for taxable years beginning after December 31, 2000, and before January 1, 2002, the dollar amount in the top bracket under subs. (1p) (c) and (d), (2) (g) 3. and 4. and (h) 3. and 4. shall be increased by a percentage equal to the percentage change between the U.S. consumer price index for all urban consumers, U.S. city average, for the month of August of the previous year and the U.S. consumer price index for all urban consumers, U.S. city average, for the month of August 1999, as determined by the federal department of labor, except that for taxable years beginning after December 31, 2011, the adjustment may occur only if the resulting amount is greater than the corresponding amount that was calculated for the previous year.