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2021 - 2022 LEGISLATURE

2021 Assembly BILL 582

September 29, 2021 - Introduced by Representatives Katsma, Macco, Brooks, Cabral-Guevara, Dittrich, Duchow, Edming, Horlacher, Kitchens, Knodl, Kuglitsch, Mursau, Novak, Penterman, Spiros, Wichgers, Wittke and Zimmerman, cosponsored by Senators Marklein, Kooyenga, Ringhand, Ballweg, Felzkowski, Nass and Stroebel. Referred to Committee on Ways and Means.

AB582,2,2 An Act to repeal 20.505 (8) (hm) 19., 20.835 (2) (dn), 20.835 (2) (ka), 20.835 (2) (q), 71.03 (2) (a) 3. and 4., 71.05 (6) (b) 47., 71.05 (22) (f) 1., 2. and 3., 71.07 (2), 71.07 (3m), 71.07 (8), 71.07 (9e) (a), (ac), (ad), (af), and (ah), 71.07 (9e) (ap) and (at), 71.07 (9e) (g), 71.10 (4) (b), 71.15 (2), 71.26 (2) (a) 10., 71.28 (2m), 71.28 (9s), 71.30 (3) (ex), 71.47 (2m), 71.47 (9s), 71.49 (1) (ex), 71.66 (2) (c) and (d), 79.13, 238.3995 and 569.02 (5); and to amend 71.03 (2) (a) 5., 71.07 (2dm) (a) 1., 71.07 (2dm) (a) 3., 71.07 (2dm) (f) 1., 71.07 (2dm) (j), 71.07 (2dm) (k), 71.07 (2dx) (a) 2., 71.07 (2dx) (b) (intro.), 71.07 (2dx) (c), 71.07 (2dx) (d), 71.07 (9e) (aj) (intro.), 71.10 (4) (i), 71.26 (2) (a) 4., 71.28 (1dm) (a) 1., 71.28 (1dm) (a) 3., 71.28 (1dm) (f) 1., 71.28 (1dm) (j), 71.28 (1dm) (k), 71.28 (1dx) (a) 2., 71.28 (1dx) (b) (intro.), 71.28 (1dx) (c), 71.28 (1dx) (d), 71.30 (3) (f), 71.45 (2) (a) 10., 71.47 (1dm) (a) 1., 71.47 (1dm) (a) 3., 71.47 (1dm) (f) 1., 71.47 (1dm) (j), 71.47 (1dm) (k), 71.47 (1dx) (a) 2., 71.47 (1dx) (b) (intro.), 71.47 (1dx) (c), 71.47 (1dx) (d), 71.49 (1) (f), 71.88 (2) (b), 79.10 (11) (b), 238.23 (2) (b), 238.398 (2) (b), 632.897 (10) (a) 3., 767.511 (1) (b), 767.804 (3) (c), 767.805 (4) (c) and 767.89 (3) (d) of the statutes; relating to: the repeal of obsolete tax credits.

Analysis by the Legislative Reference Bureau

This bill repeals the following tax credits that taxpayers may no longer claim because of sunset provisions related to each of these credits:

1. The farmland tax relief credit and the corresponding appropriations.

2. The provisions of the earned income tax credit that pertain to taxable years beginning before January 1, 2011.

3. The community development finance authority individual income credit.

4. The airport development zones credit.

5. The relocated business credit.

6. The personal exemption credit for natural persons.

The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:

AB582,1 Section 1. 20.505 (8) (hm) 19. of the statutes is repealed.