LRB-0261/1
MES:kmg:aj
1995 - 1996 LEGISLATURE
January 19, 1995 - Introduced by Senator C. Potter, cosponsored by
Representative Baumgart. Referred to Committee on State Government
Operations and Corrections.
SB23,1,2
1An Act to amend 71.07 (9) (b) of the statutes;
relating to: claiming the school
2property tax credit.
Analysis by the Legislative Reference Bureau
Under current law, a claimant of the school property tax credit may claim up
to 10% of the first $2,000 of property taxes paid or rent constituting property taxes
paid on the claimant's principal dwelling, subject to some modifications, or 10% of
the first $1,000 of property taxes paid or rent constituting property taxes paid if the
claimant is a married person filing separately.
Under this bill, a married person filing separately may claim up to 10% of the
first $2,000 of property taxes paid or rent constituting property taxes paid on the
claimant's principal dwelling, subject to some modifications, if the person's spouse
does not claim the credit on his or her return.
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:
SB23, s. 1
3Section
1. 71.07 (9) (b) of the statutes is amended to read:
SB23,2,44
71.07
(9) (b) Subject to the limitations under this subsection, a claimant may
5claim as a credit against, but not to exceed the amount of, taxes under s. 71.02, 10%
6of the first $2,000 of property taxes or rent constituting property taxes, or 10% of the
7first $1,000 of property taxes or rent constituting property taxes of a married person
1filing separately
, or 10% of the first $2,000 of property taxes or rent constituting
2property taxes of a married person filing separately if the claimant's spouse does not
3claim the credit under this subsection on his or her return for the year to which his
4or her claiming spouse's claim relates.
SB23,2,7
6(1) This act first applies to taxable years beginning on January 1 of the year
7in which this subsection takes effect.
