AB133-ASA1-AA2-AA31,1,86
71.05
(6) (b) 32. a. Subject to subd. 32. c., for a single individual or for a married
7individual who files a separate return, the first $25,000 of the individual's federal
8adjusted gross income.
AB133-ASA1-AA2-AA31,1,109
b. Subject to subd. 32. c., for a married couple that files a joint return, the first
10$50,000 of the married couple's federal adjusted gross income.
AB133-ASA1-AA2-AA31,2,13
1c. For an individual, or married couple, to whom subd. 32. a. or b. applies and
2who is a nonresident or part-year resident of this state, multiply the applicable
3amount under subd. 32. a. or b. by a fraction the numerator of which is the
4individual's or married couple's wages, salary, tips, unearned income and net
5earnings from a trade or business that are taxable by this state and the denominator
6of which is the individual's total wages, salary, tips, unearned income and net
7earnings from a trade or business. In this subdivision, for married persons filing
8separately "wages, salary, tips, unearned income and net earnings from a trade or
9business" means the separate wages, salary, tips, unearned income and net earnings
10from a trade or business of each spouse, and for married persons filing jointly "wages,
11salary, tips, unearned income and net earnings from a trade or business" means the
12total wages, salary, tips, unearned income and net earnings from a trade or business
13of both spouses.".
AB133-ASA1-AA2-AA31,3,174
71.06
(2e) Bracket indexing. For taxable years beginning after December 31,
51998, the maximum dollar amount in each tax bracket, and the corresponding
6minimum dollar amount in the next bracket, under subs. (1m) and (2) (c) and (d) shall
7be increased each year by a percentage equal to the percentage change between the
8U.S. consumer price index for all urban consumers, U.S. city average, for the month
9of August of the previous year and the U.S. consumer price index for all urban
10consumers, U.S. city average, for the month of August
of the year before the previous
11year 1997, as determined by the federal department of labor. Each amount that is
12revised under this subsection shall be rounded to the nearest multiple of $10 if the
13revised amount is not a multiple of $10 or, if the revised amount is a multiple of $5,
14such an amount shall be increased to the next higher multiple of $10. The
15department of revenue shall annually adjust the changes in dollar amounts required
16under this subsection and incorporate the changes into the income tax forms and
17instructions.".
AB133-ASA1-AA2-AA31,4,7
5"
(20et) Federal adjusted gross income tax exemption. The treatment of
6section 71.05 (6) (b) 32. of the statutes first applies to taxable years beginning on
7January 1, 2001.".
