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2013 - 2014 LEGISLATURE
June 4, 2013 - Introduced by Representatives Riemer, Mason, Barca, Barnes,
Berceau, Bernard Schaber, Bewley, Billings, Clark, Danou, Doyle,
Genrich, Goyke, Hebl, Hesselbein, Hintz, Hulsey, Johnson, Jorgensen,
Kahl, Kessler, Kolste, Milroy, Ohnstad, Pasch, Pope, Richards, Ringhand,
Sargent, Shankland, Sinicki, Smith, C. Taylor, Vruwink, Wachs, Wright,
Young, Zamarripa and Zepnick, cosponsored by Senators Hansen, Carpenter,
T. Cullen, Erpenbach, Harris, Jauch, C. Larson, Lassa, Lehman, Miller,
Risser, Shilling, L. Taylor, Vinehout and Wirch. Referred to Committee on
Ways and Means.
AB233,1,3 1An Act to amend 71.07 (9e) (af) (intro.) and 71.07 (9e) (aj) (intro.) of the statutes;
2relating to: repealing the changes made to the earned income tax credit in
32011 Wisconsin Act 32.
Analysis by the Legislative Reference Bureau
Under current law, as created in 2011 Wisconsin Act 32, the earned income tax
credit (EITC), as a percentage of the federal credit, is 4 percent for claimants with
one qualifying child, 11 percent for claimants with two qualifying children, and 34
percent for claimants with three or more qualifying children. This bill repeals those
provisions and restores former law. Under the bill, for taxable years beginning after
December 31, 2012, the EITC, as a percentage of the federal credit, would be 4
percent for claimants with one qualifying child, 14 percent for claimants with two
qualifying children, and 43 percent for claimants with three or more qualifying
children.
For further information see the state fiscal estimate, which will be printed as
an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB233, s. 1 4Section 1. 71.07 (9e) (af) (intro.) of the statutes is amended to read:
AB233,2,6
171.07 (9e) (af) (intro.) For taxable years beginning after December 31, 1995,
2and before January 1, 2011, and for taxable years beginning after December 31, 2012,
3any natural person may credit against the tax imposed under s. 71.02 an amount
4equal to one of the following percentages of the federal basic earned income credit for
5which the person is eligible for the taxable year under section 32 (b) (1) (A) to (C) of
6the Internal Revenue Code:
AB233, s. 2 7Section 2. 71.07 (9e) (aj) (intro.) of the statutes is amended to read:
AB233,2,128 71.07 (9e) (aj) (intro.) For taxable years beginning after December 31, 2010,
9and before January 1, 2013, an individual may credit against the tax imposed under
10s. 71.02 an amount equal to one of the following percentages of the federal basic
11earned income credit for which the person is eligible for the taxable year under
12section 32 (b) (1) (A) to (C) of the Internal Revenue Code:
AB233,2,1313 (End)
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