LRB-1591/1
MES:kmg:jf
2003 - 2004 LEGISLATURE
March 13, 2003 - Introduced by Representatives Musser, Loeffelholz, Freese,
Lassa, Pettis, Seratti, Turner, J. Fitzgerald, Plouff, McCormick, Hahn,
Krawczyk, Suder, Owens, Albers, Bies, Gunderson, Hines and Ainsworth,
cosponsored by Senators Schultz, Kedzie, Welch, Stepp and Wirch. Referred
to Committee on Veterans and Military Affairs. Referred to Joint Committee
on Tax Exemptions.
AB155,1,4
1An Act to create 71.05 (6) (b) 34. of the statutes;
relating to: creating an
2individual income tax exemption for pay received from the federal government
3by members of a reserve component of the armed forces who serve on active
4duty.
Analysis by the Legislative Reference Bureau
This bill creates an individual income tax exemption for pay received from the
federal government by a member of a reserve component of the armed forces who is
called to active duty. The exemption applies to any amounts of military pay that are
paid to the person and that relate to the period of time during which the person is
on active duty.
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:
AB155, s. 1
5Section
1. 71.05 (6) (b) 34. of the statutes is created to read:
AB155,2,5
171.05
(6) (b) 34. Any amount of basic, special, and incentive pay income or
2compensation, as those terms are used in
37 USC chapters 3 and
5, received from the
3federal government by a person who is a member of a reserve component of the U.S.
4armed forces, as defined in
26 USC 7701 (a) (15), that is paid to the person for a period
5of time during which the person is on active duty.
AB155,2,107
(1) This act first applies to taxable years beginning on January 1 of the year
8in which this subsection takes effect, except that if this subsection takes effect after
9July 31 this act first applies to taxable years beginning on January 1 of the year
10following the year in which this subsection takes effect.
