Amendment ASA1-AB139

LRBs0065/1

MES:kmg:hmh

1999 - 2000 LEGISLATURE

ASSEMBLY SUBSTITUTE AMENDMENT 1, TO 1999 ASSEMBLY BILL 139

May 11, 1999 - Offered by Representatives Sykora, Musser, Hundertmark, Pettis and Petrowski.

AB139-ASA1,1,3 An Act to create 71.05 (6) (b) 29. of the statutes; relating to: creating an individual income tax exemption for military income received by certain members of the U.S. armed forces.

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

AB139-ASA1, s. 1 Section 1. 71.05 (6) (b) 29. of the statutes is created to read:

AB139-ASA1,1,10 71.05 (6) (b) 29. Any amount of basic, special or incentive pay income, as those terms are used in 37 USC chapters 3 and 5, received from the federal government by an individual who is on active duty in the U.S. armed forces, as defined in 26 USC 7701 (a) (15), who is stationed outside of this state and whose federal adjusted gross income is equal to or less than 185% of the federal poverty line as determined under 42 USC 9902 (2).

AB139-ASA1, s. 2 Section 2. Initial applicability.

AB139-ASA1,2,4 (1) This act first applies to taxable years beginning on January 1 of the year in which this subsection takes effect, except that if this subsection takes effect after July 31 this act first applies to taxable years beginning on January 1 of the year following the year in which this subsection takes effect.

AB139-ASA1,2,5 (End)