2013-2014 Wisconsin Legislature

Assembly Bill 872

An Act to repeal 71.05 (6) (a) 25., 71.06 (1q), 71.06 (2) (i), 71.06 (2) (j), 71.07 (5n), 71.07 (9e) (aj), 71.10 (4) (cr), 71.21 (4) (b), 71.255 (6) (bm), 71.26 (2) (a) 11., 71.26 (4) (b), 71.28 (5n), 71.30 (3) (dn), 71.34 (1k) (m), 71.45 (4) (b), 71.54 (1) (g) and 71.54 (2) (b) 4.; to renumber and amend 71.26 (4) (a) and 71.45 (4) (a); to amend 71.01 (14), 71.03 (2) (a) 1., 71.05 (6) (b) 9., 71.05 (6) (b) 9m., 71.05 (6) (b) 25., 71.05 (6) (b) 47. b., 71.05 (6) (b) 47. c., 71.05 (8) (b), 71.05 (23) (b) 1., 71.05 (25) (b), 71.06 (1p) (intro.), 71.06 (1p) (a), 71.06 (1p) (b), 71.06 (1p) (c), 71.06 (2) (g) (intro.), 71.06 (2) (g) 1., 71.06 (2) (g) 2., 71.06 (2) (g) 3., 71.06 (2) (h) (intro.), 71.06 (2) (h) 1., 71.06 (2) (h) 2., 71.06 (2) (h) 3., 71.06 (2e) (a), 71.06 (2e) (b), 71.06 (2m), 71.06 (2s) (d), 71.07 (9e) (af) (intro.), 71.125 (1), 71.125 (2), 71.17 (6), 71.255 (2m) (d), 71.255 (6) (a), 71.36 (1m) (a), 71.54 (1) (f) (intro.), 71.54 (2) (b) 3., 71.54 (2m), 71.64 (9) (b) (intro.), 71.67 (5) (a) and 71.67 (5m); and to create 71.05 (23) (be) of the statutes; Relating to: reducing and increasing certain individual income tax rates and expanding the number of brackets to what existed before the enactment of 2013 Wisconsin Act 20, disregarding a taxpayer's election to include another in its combined group, disallowing certain carry-forward amounts for combined reporting purposes, repealing the income and franchise tax credit for qualified production activities income, repealing the changes made to the earned income tax credit in 2011 Wisconsin Act 32, increasing the personal exemption for certain individuals, restoring indexing provisions to the homestead tax credit, and eliminating the individual income tax exclusion for long-term capital gains other than for farm assets. (FE)

Status: Ways and Means

Important Actions (newest first)

Date / House Action Journal
4/10/2014 Asm.Fiscal estimate received 
4/8/2014 Asm.Failed to pass pursuant to Senate Joint Resolution 1826

History

Date / House Action Journal
3/17/2014 Asm.Introduced by Representatives C. Taylor, Berceau, Hebl, Hesselbein, Pope, Sargent and Ohnstad744
3/17/2014 Asm.Read first time and referred to Committee on Ways and Means744
4/8/2014 Asm.Failed to pass pursuant to Senate Joint Resolution 1826
4/10/2014 Asm.Fiscal estimate received 
 
Content subject to change after proofing by Chief Clerk staff.