AB100-ASA1-AA1,158,8 8597. Page 961, line 15: after that line insert:
AB100-ASA1-AA1,158,9 9" Section 2260t. 71.05 (6) (a) 10. of the statutes is amended to read:
AB100-ASA1-AA1,159,610 71.05 (6) (a) 10. For the taxable year, for a person who is not "actively engaged
11in farming", as that term is used in 7 CFR 1497.201,
combined net losses, exclusive
12of net gains from the sale or exchange of capital or business assets and exclusive of
13net profits, from businesses, from rents, from partnerships, from limited liability
14companies, from S corporations, from estates or from trusts, under section 165 of the
15internal revenue code, except losses allowable under sections 1211 and 1231 of the
16internal revenue code, otherwise includable in calculating Wisconsin income if those
17losses are incurred in the operation of a farming business, as defined in section 464
18(e) 1. of the internal revenue code to the extent that those combined net losses exceed
19$20,000 if nonfarm Wisconsin adjusted gross income exceeds $55,000 but does not
20exceed $75,000, exceed $17,500 if nonfarm Wisconsin adjusted gross income exceeds
21$75,000 but does not exceed $100,000, exceed $15,000 if nonfarm Wisconsin adjusted
22gross income exceeds $100,000 but does not exceed $150,000, exceed $12,500 if
23nonfarm Wisconsin adjusted gross income exceeds $150,000 but does not exceed
24$200,000, exceed $10,000 if nonfarm Wisconsin adjusted gross income exceeds

1$200,000 but does not exceed $250,000, exceed $7,500 if nonfarm Wisconsin adjusted
2gross income exceeds $250,000 but does not exceed $300,000, exceed $5,000 if
3nonfarm Wisconsin adjusted gross income exceeds $300,000 but does not exceed
4$400,000 and exceed $0 if nonfarm adjusted gross income exceeds $400,000, except
5that the amounts applicable to married persons filing separately are 50% of the
6amounts specified in this subdivision.".
AB100-ASA1-AA1,159,7 7598. Page 961, line 22: after that line insert:
AB100-ASA1-AA1,159,8 8" Section 2261ao. 71.05 (6) (a) 20. of the statutes is created to read:
AB100-ASA1-AA1,159,119 71.05 (6) (a) 20. The amount of any excess distribution, as that term is used in
10section 1291 (b) of the Internal Revenue Code, from a passive foreign investment
11company.".
AB100-ASA1-AA1,159,12 12599. Page 963, line 8: after that line insert:
AB100-ASA1-AA1,159,13 13" Section 2261e. 71.06 (1) (intro.) of the statutes is amended to read:
AB100-ASA1-AA1,159,2214 71.06 (1) (title) Fiduciaries, single individuals and heads of households; 1986
15to 1997
. (intro.) The tax to be assessed, levied and collected upon the taxable incomes
16of all fiduciaries, except fiduciaries of nuclear decommissioning trust or reserve
17funds, and single individuals for taxable years beginning on or after August 1, 1986,
18and before January 1, 1994, and upon the taxable incomes of all fiduciaries, except
19fiduciaries of nuclear decommissioning trust or reserve funds, and single individuals
20and heads of households for taxable years beginning on or after January 1, 1994
21December 31, 1993, and before January 1, 1998, shall be computed at the following
22rates:
AB100-ASA1-AA1, s. 2261ee 23Section 2261ee. 71.06 (1m) of the statutes is created to read:
AB100-ASA1-AA1,160,4
171.06 (1m) Fiduciaries, single individuals and heads of households; after
21997.
The tax to be assessed, levied and collected upon the taxable incomes of all
3fiduciaries, except fiduciaries of nuclear decommissioning trust or reserve funds, and
4single individuals and heads of households shall be computed at the following rates:
AB100-ASA1-AA1,160,65 (a) For taxable years beginning after December 31, 1997, and before January
61, 1999:
AB100-ASA1-AA1,160,77 1. On all taxable income from $0 to $7,500, 4.85%.
AB100-ASA1-AA1,160,88 2. On all taxable income exceeding $7,500 but not exceeding $15,000, 6.48%.
AB100-ASA1-AA1,160,99 3. On all taxable income exceeding $15,000, 6.87%.
AB100-ASA1-AA1,160,1110 (b) For taxable years beginning after December 31, 1998, and before January
111, 2000:
AB100-ASA1-AA1,160,1212 1. On all taxable income from $0 to $7,500, 4.80%.
AB100-ASA1-AA1,160,1313 2. On all taxable income exceeding $7,500 but not exceeding $15,000, 6.42%.
AB100-ASA1-AA1,160,1414 3. On all taxable income exceeding $15,000, 6.79%.
AB100-ASA1-AA1,160,1615 (c) For taxable years beginning after December 31, 1999, and before January
161, 2001:
AB100-ASA1-AA1,160,1717 1. On all taxable income from $0 to $7,500, 4.75%.
AB100-ASA1-AA1,160,1818 2. On all taxable income exceeding $7,500 but not exceeding $15,000, 6.35%.
AB100-ASA1-AA1,160,1919 3. On all taxable income exceeding $15,000, 6.72%.
AB100-ASA1-AA1,160,2120 (d) For taxable years beginning after December 31, 2000, and before January
211, 2002:
AB100-ASA1-AA1,160,2222 1. On all taxable income from $0 to $7,500, 4.70%.
AB100-ASA1-AA1,160,2323 2. On all taxable income exceeding $7,500 but not exceeding $15,000, 6.29%.
AB100-ASA1-AA1,160,2424 3. On all taxable income exceeding $15,000, 6.65%.
AB100-ASA1-AA1,160,2525 (e) For taxable years beginning after December 31, 2001:
AB100-ASA1-AA1,161,1
11. On all taxable income from $0 to $7,500, 4.66%.
AB100-ASA1-AA1,161,22 2. On all taxable income exceeding $7,500 but not exceeding $15,000, 6.22%.
AB100-ASA1-AA1,161,33 3. On all taxable income exceeding $15,000, 6.58%.
AB100-ASA1-AA1, s. 2261eg 4Section 2261eg. 71.06 (2) (intro.) of the statutes is amended to read:
AB100-ASA1-AA1,161,85 71.06 (2) Married persons. (intro.) The tax to be assessed, levied and collected
6upon the taxable incomes of all married persons for calendar year 1987 and
7corresponding fiscal years and for calendar and fiscal years thereafter
shall be
8computed at the following rates:
AB100-ASA1-AA1, s. 2261ei 9Section 2261ei. 71.06 (2) (a) (intro.) of the statutes is amended to read:
AB100-ASA1-AA1,161,1110 71.06 (2) (a) (intro.) For joint returns, for taxable years beginning after July
1131, 1986, and before January 1, 1998
:
AB100-ASA1-AA1, s. 2261ek 12Section 2261ek. 71.06 (2) (b) (intro.) of the statutes is amended to read:
AB100-ASA1-AA1,161,1413 71.06 (2) (b) (intro.) For married persons filing separately, for taxable years
14beginning after July 31, 1986, and before January 1, 1998
:
AB100-ASA1-AA1, s. 2261eL 15Section 2261eL. 71.06 (2) (c) of the statutes is created to read:
AB100-ASA1-AA1,161,1616 71.06 (2) (c) For joint returns:
AB100-ASA1-AA1,161,1817 1. For taxable years beginning after December 31, 1997, and before January
181, 1999:
AB100-ASA1-AA1,161,1919 a. On all taxable income from $0 to $10,000, 4.85%.
AB100-ASA1-AA1,161,2020 b. On all taxable income exceeding $10,000 but not exceeding $20,000, 6.48%.
AB100-ASA1-AA1,161,2121 c. On all taxable income exceeding $20,000, 6.87%.
AB100-ASA1-AA1,161,2322 2. For taxable years beginning after December 31, 1998, and before January
231, 2000:
AB100-ASA1-AA1,161,2424 a. On all taxable income from $0 to $10,000, 4.80%.
AB100-ASA1-AA1,161,2525 b. On all taxable income exceeding $10,000 but not exceeding $20,000, 6.42%.
AB100-ASA1-AA1,162,1
1c. On all taxable income exceeding $20,000, 6.79%.
AB100-ASA1-AA1,162,32 3. For taxable years beginning after December 31, 1999, and before January
31, 2001:
AB100-ASA1-AA1,162,44 a. On all taxable income from $0 to $10,000, 4.75%.
AB100-ASA1-AA1,162,55 b. On all taxable income exceeding $10,000 but not exceeding $20,000, 6.35%.
AB100-ASA1-AA1,162,66 c. On all taxable income exceeding $20,000, 6.72%.
AB100-ASA1-AA1,162,87 4. For taxable years beginning after December 31, 2000, and before January
81, 2002:
AB100-ASA1-AA1,162,99 a. On all taxable income from $0 to $10,000, 4.70%.
AB100-ASA1-AA1,162,1010 b. On all taxable income exceeding $10,000 but not exceeding $20,000, 6.29%.
AB100-ASA1-AA1,162,1111 c. On all taxable income exceeding $20,000, 6.65%.
AB100-ASA1-AA1,162,1212 5. For taxable years beginning after December 31, 2001:
AB100-ASA1-AA1,162,1313 a. On all taxable income from $0 to $10,000, 4.66%.
AB100-ASA1-AA1,162,1414 b. On all taxable income exceeding $10,000 but not exceeding $20,000, 6.22%.
AB100-ASA1-AA1,162,1515 c. On all taxable income exceeding $20,000, 6.58%.
AB100-ASA1-AA1, s. 2261em 16Section 2261em. 71.06 (2) (d) of the statutes is created to read:
AB100-ASA1-AA1,162,1717 71.06 (2) (d) For married persons filing separately:
AB100-ASA1-AA1,162,1918 1. For taxable years beginning after December 31, 1997, and before January
191, 1999:
AB100-ASA1-AA1,162,2020 a. On all taxable income from $0 to $5,000, 4.85%.
AB100-ASA1-AA1,162,2121 b. On all taxable income exceeding $5,000 but not exceeding $10,000, 6.48%.
AB100-ASA1-AA1,162,2222 c. On all taxable income exceeding $10,000, 6.87%.
AB100-ASA1-AA1,162,2423 2. For taxable years beginning after December 31, 1998, and before January
241, 2000:
AB100-ASA1-AA1,162,2525 a. On all taxable income from $0 to $5,000, 4.80%.
AB100-ASA1-AA1,163,1
1b. On all taxable income exceeding $5,000 but not exceeding $10,000, 6.42%.
AB100-ASA1-AA1,163,22 c. On all taxable income exceeding $10,000, 6.79%.
AB100-ASA1-AA1,163,43 3. For taxable years beginning after December 31, 1999, and before January
41, 2001:
AB100-ASA1-AA1,163,55 a. On all taxable income from $0 to $5,000, 4.75%.
AB100-ASA1-AA1,163,66 b. On all taxable income exceeding $5,000 but not exceeding $10,000, 6.35%.
AB100-ASA1-AA1,163,77 c. On all taxable income exceeding $10,000, 6.72%.
AB100-ASA1-AA1,163,98 4. For taxable years beginning after December 31, 2000, and before January
91, 2002:
AB100-ASA1-AA1,163,1010 a. On all taxable income from $0 to $5,000, 4.70%.
AB100-ASA1-AA1,163,1111 b. On all taxable income exceeding $5,000 but not exceeding $10,000, 6.29%.
AB100-ASA1-AA1,163,1212 c. On all taxable income exceeding $10,000, 6.65%.
AB100-ASA1-AA1,163,1313 5. For taxable years beginning after December 31, 2001:
AB100-ASA1-AA1,163,1414 a. On all taxable income from $0 to $5,000, 4.66%.
AB100-ASA1-AA1,163,1515 b. On all taxable income exceeding $5,000 but not exceeding $10,000, 6.22%.
AB100-ASA1-AA1,163,1616 c. On all taxable income exceeding $10,000, 6.58%.
AB100-ASA1-AA1, s. 2261eo 17Section 2261eo. 71.06 (2m) of the statutes is amended to read:
AB100-ASA1-AA1,163,2118 71.06 (2m) Rate changes. If a rate under sub. (1), (1m) or (2) changes during
19a taxable year, the taxpayer shall compute the tax for that taxable year by the
20methods applicable to the federal income tax under section 15 of the internal revenue
21code.".
AB100-ASA1-AA1,163,22 22600. Page 963, line 22: after that line insert:
AB100-ASA1-AA1,163,24 23" Section 2261fm. 71.06 (2s) of the statutes, as created by 1997 Wisconsin Act
24.... (this act), is renumbered 71.06 (2s) (a) and amended to read:
AB100-ASA1-AA1,164,13
171.06 (2s) (a) For taxable years beginning after December 31, 1996, and ending
2before January 1, 1998,
with respect to nonresident individuals, including
3individuals changing their domicile into or from this state, the tax brackets under
4subs. (1) and (2) shall be multiplied by a fraction, the numerator of which is
5Wisconsin adjusted gross income and the denominator of which is federal adjusted
6gross income. In this subsection paragraph, for married persons filing separately
7"adjusted gross income" means the separate adjusted gross income of each spouse,
8and for married persons filing jointly "adjusted gross income" means the total
9adjusted gross income of both spouses. If an individual and that individual's spouse
10are not both domiciled in this state during the entire taxable year, the tax brackets
11under subs. (1) and (2) on a joint return shall be multiplied by a fraction, the
12numerator of which is their joint Wisconsin adjusted gross income and the
13denominator of which is their joint federal adjusted gross income.
AB100-ASA1-AA1, s. 2261fn 14Section 2261fn. 71.06 (2s) (b) of the statutes is created to read:
AB100-ASA1-AA1,165,215 71.06 (2s) (b) For taxable years beginning after December 31, 1997, with
16respect to nonresident individuals, including individuals changing their domicile
17into or from this state, the tax brackets under subs. (1m) and (2) (c) and (d) shall be
18multiplied by a fraction, the numerator of which is Wisconsin adjusted gross income
19and the denominator of which is federal adjusted gross income. In this paragraph,
20for married persons filing separately "adjusted gross income" means the separate
21adjusted gross income of each spouse, and for married persons filing jointly "adjusted
22gross income" means the total adjusted gross income of both spouses. If an individual
23and that individual's spouse are not both domiciled in this state during the entire
24taxable year, the tax brackets under subs. (1m) and (2) (c) and (d) on a joint return
25shall be multiplied by a fraction, the numerator of which is their joint Wisconsin

1adjusted gross income and the denominator of which is their joint federal adjusted
2gross income.".
AB100-ASA1-AA1,165,3 3601. Page 973, line 20: after that line insert:
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