LRB-1008/1
MES:kaf:km
1997 - 1998 LEGISLATURE
January 15, 1997 - Introduced by Senators Decker, Shibilski, Wirch, Burke,
Plache, Risser, C. Potter, Moen and Chvala, cosponsored by Representatives
Kreuser, Reynolds, Vander Loop, Huber, Black, Notestein and Baldwin.
Referred to Joint survey committee on Tax Exemptions.
SB9,1,2
1An Act to amend 71.05 (6) (b) 8. of the statutes;
relating to: exempting from
2taxation unemployment compensation benefits.
Analysis by the Legislative Reference Bureau
Under current law, there is a partial exemption from taxation for
unemployment compensation benefits. This bill changes current law by exempting
from taxation all unemployment compensation benefits.
This bill will be referred to the joint survey committee on tax exemptions for a
detailed analysis, which will be printed as an appendix to this bill.
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:
SB9, s. 1
3Section
1. 71.05 (6) (b) 8. of the statutes is amended to read:
SB9,2,24
71.05
(6) (b) 8.
The difference between the amount included in federal adjusted
5gross income for the current year and the amount calculated under section 85 of the
6internal revenue code (relating to unemployment compensation) as that section
1existed on December 31, 1985 All unemployment compensation benefits received in
2the year to which the income tax return relates.
SB9,2,54
(1) This act first applies to taxable years beginning on January 1 of the year
5in which this subsection takes effect.
