April 21, 2021 - Introduced by Senators Testin and L. Taylor, cosponsored by
Representatives Krug, Subeck, Mursau, Moses, Bowen, Brandtjen,
Gundrum, Plumer, Spiros, Tusler and Horlacher. Referred to Committee on
Financial Institutions and Revenue.

SB321,1,4 1An Act to amend 20.566 (1) (hp), 71.10 (5s) (c) and 71.10 (5s) (e); and to create
271.10 (5fn) of the statutes; relating to: creating an individual income tax
3checkoff for donations to the Wisconsin State Firefighters Memorial, Inc., and
4making an appropriation.

This bill creates an individual income tax checkoff for the Wisconsin State
Firefighters Memorial, Inc., the proceeds of which support the construction,
improvement, and maintenance of the fire fighters memorial. The bill requires that
an amount equal to the total amount of designations received, less the total cost of
administering the income tax checkoff procedure, be transferred to the corporation.

Currently, there are eight permanent checkoffs to which taxpayers may make
a designation. Current law prohibits the Department of Revenue from placing more
than 10 checkoffs, not including temporary checkoffs, on the income tax form.
Current law also requires DOR to remove from the tax forms any checkoffs that do
not generate at least an average of $50,000 of designations per year over the most
recent three-year period. Formerly, a temporary checkoff for the fire fighters
memorial appeared on the tax forms, but it was removed by DOR because it failed
to generate the required level of designations. The checkoff created in the bill would
be a permanent checkoff.