LRBb1600/1
MES:kmg:mrc
1999 - 2000 LEGISLATURE
SENATE AMENDMENT 1,
TO SENATE AMENDMENT 1,
TO SENATE SUBSTITUTE AMENDMENT 1,
TO 1999 ASSEMBLY BILL 133
June 30, 1999 - Offered by Senators Ellis, Rude, Farrow, A. Lasee, Cowles,
Roessler, Huelsman, Schultz, Darling, Drzewiecki, Rosenzweig, Zien,
Panzer, Fitzgerald, Welch and Lazich.
AB133-SSA1-SA1-SA1,1,105
71.06
(1m) Fiduciaries, single individuals and heads of households; after
61997 to 1998. (intro.) The tax to be assessed, levied and collected upon the taxable
7incomes of all fiduciaries, except fiduciaries of nuclear decommissioning trust or
8reserve funds, and single individuals and heads of households shall be computed at
9the following rates for taxable years beginning after December 31, 1997
, and before
10January 1, 1999:
AB133-SSA1-SA1-SA1,2,5
171.06
(1n) Fiduciaries, single individuals and heads of households; 1999. The
2tax to be assessed, levied and collected upon the taxable incomes of all fiduciaries,
3except fiduciaries of nuclear decommissioning trust or reserve funds, and single
4individuals and heads of households shall be computed at the following rates for
5taxable years beginning after December 31, 1998, and before January 1, 2000:
AB133-SSA1-SA1-SA1,2,66
(a) On all taxable income from $0 to $7,620, 4.77%.
AB133-SSA1-SA1-SA1,2,77
(b) On all taxable income exceeding $7,620 but not exceeding $15,240, 6.23%.
AB133-SSA1-SA1-SA1,2,88
(c) On all taxable income exceeding $15,240, 6.50%.
AB133-SSA1-SA1-SA1,2,1410
71.06
(1p) Fiduciaries, single individuals and heads of households; after
111999. The tax to be assessed, levied and collected upon the taxable incomes of all
12fiduciaries, except fiduciaries of nuclear decommissioning trust or reserve funds, and
13single individuals and heads of households shall be computed at the following rates
14for taxable years beginning after December 31, 2000:
AB133-SSA1-SA1-SA1,2,1515
(a) On all taxable income from $0 to $15,580, 4.77%.
AB133-SSA1-SA1-SA1,2,1616
(b) On all taxable income exceeding $15,580, 6.5%.
AB133-SSA1-SA1-SA1,2,1918
71.06
(2) (c) (intro.) For joint returns, for taxable years beginning after
19December 31, 1997
, and before January 1, 1999:
AB133-SSA1-SA1-SA1,2,2221
71.06
(2) (d) (intro.) For married persons filing separately, for taxable years
22beginning after December 31, 1997
, and before January 1, 1999:
AB133-SSA1-SA1-SA1,2,2524
71.06
(2) (e) For joint returns, for taxable years beginning after December 31,
251998, and before January 1, 2000:
AB133-SSA1-SA1-SA1,3,1
11. On all taxable income from $0 to $10,160, 4.77%.
AB133-SSA1-SA1-SA1,3,22
2. On all taxable income exceeding $10,160 but not exceeding $20,320, 6.23%.
AB133-SSA1-SA1-SA1,3,33
3. On all taxable income exceeding $20,320, 6.5%.
AB133-SSA1-SA1-SA1,3,65
71.06
(2) (f) For married persons filing separately, for taxable years beginning
6after December 31, 1998, and before January 1, 2000:
AB133-SSA1-SA1-SA1,3,77
1. On all taxable income from $0 to $5,080, 4.77%.
AB133-SSA1-SA1-SA1,3,88
2. On all taxable income exceeding $5,080 but not exceeding $10,160, 6.23%.
AB133-SSA1-SA1-SA1,3,99
3. On all taxable income exceeding $10,000, 6.5%.
AB133-SSA1-SA1-SA1,3,1211
71.06
(2) (g) For joint returns, for taxable years beginning after December 31,
121999:
AB133-SSA1-SA1-SA1,3,1313
1. On all taxable income from $0 to $20,770, 4.77%.
AB133-SSA1-SA1-SA1,3,1414
2. On all taxable income exceeding $20,77, 6.5%.
AB133-SSA1-SA1-SA1,3,1716
71.06
(2) (h) For married persons filing separately, for taxable years beginning
17after December 31, 1999:
AB133-SSA1-SA1-SA1,3,1818
1. On all taxable income from $0 to $10,380, 4.77%.
AB133-SSA1-SA1-SA1,3,1919
2. On all taxable income exceeding $10,380, 6.5%.
AB133-SSA1-SA1-SA1,4,1221
71.06
(2e) Bracket indexing. For taxable years beginning after December 31,
221998,
and before January 1, 2000, the maximum dollar amount in each tax bracket,
23and the corresponding minimum dollar amount in the next bracket, under subs. (1m)
24and (1n) and (2) (c) L (d)
, (e) and (f), and for taxable years beginning after December
2531, 1999, the maximum dollar amount in each tax bracket, and the corresponding
1minimum dollar amount in the next bracket, under subs. (1p) and (2) (g) and (h), shall
2be increased each year by a percentage equal to the percentage change between the
3U.S. consumer price index for all urban consumers, U.S. city average, for the month
4of August of the previous year and the U.S. consumer price index for all urban
5consumers, U.S. city average, for the month of August
of the year before the previous
6year 1997, as determined by the federal department of labor. Each amount that is
7revised under this subsection shall be rounded to the nearest multiple of $10 if the
8revised amount is not a multiple of $10 or, if the revised amount is a multiple of $5,
9such an amount shall be increased to the next higher multiple of $10. The
10department of revenue shall annually adjust the changes in dollar amounts required
11under this subsection and incorporate the changes into the income tax forms and
12instructions.
AB133-SSA1-SA1-SA1,4,1714
71.06
(2m) Rate changes. If a rate under sub. (1), (1m)
, (1n), (1p) or (2) changes
15during a taxable year, the taxpayer shall compute the tax for that taxable year by the
16methods applicable to the federal income tax under section
15 of the internal revenue
17code.
AB133-SSA1-SA1-SA1,5,619
71.06
(2s) (b) For taxable years beginning after December 31, 1997,
and before
20January 1, 1999, with respect to nonresident individuals, including individuals
21changing their domicile into or from this state, the tax brackets under subs. (1m) and
22(2) (c) and (d) shall be multiplied by a fraction, the numerator of which is Wisconsin
23adjusted gross income and the denominator of which is federal adjusted gross
24income. In this paragraph, for married persons filing separately "adjusted gross
25income" means the separate adjusted gross income of each spouse, and for married
1persons filing jointly "adjusted gross income" means the total adjusted gross income
2of both spouses. If an individual and that individual's spouse are not both domiciled
3in this state during the entire taxable year, the tax brackets under subs. (1m) and
4(2) (c) and (d) on a joint return shall be multiplied by a fraction, the numerator of
5which is their joint Wisconsin adjusted gross income and the denominator of which
6is their joint federal adjusted gross income.
AB133-SSA1-SA1-SA1,5,208
71.06
(2s) (c) For taxable years beginning after December 31, 1998, and before
9January 1, 2000, with respect to nonresident individuals, including individuals
10changing their domicile into or from this state, the tax brackets under subs. (1n) and
11(2) (e) and (f) shall be multiplied by a fraction, the numerator of which is Wisconsin
12adjusted gross income and the denominator of which is federal adjusted gross
13income. In this paragraph, for married persons filing separately "adjusted gross
14income" means the separate adjusted gross income of each spouse, and for married
15persons filing jointly "adjusted gross income" means the total adjusted gross income
16of both spouses. If an individual and that individual's spouse are not both domiciled
17in this state during the entire taxable year, the tax brackets under subs. (1n) and (2)
18(e) and (f) on a joint return shall be multiplied by a fraction, the numerator of which
19is their joint Wisconsin adjusted gross income and the denominator of which is their
20joint federal adjusted gross income.
AB133-SSA1-SA1-SA1,6,922
71.06
(2s) (d) For taxable years beginning after December 31, 1999, with
23respect to nonresident individuals, including individuals changing their domicile
24into or from this state, the tax brackets under subs. (1p) and (2) (g) and (h) shall be
25multiplied by a fraction, the numerator of which is Wisconsin adjusted gross income
1and the denominator of which is federal adjusted gross income. In this paragraph,
2for married persons filing separately "adjusted gross income" means the separate
3adjusted gross income of each spouse, and for married persons filing jointly "adjusted
4gross income" means the total adjusted gross income of both spouses. If an individual
5and that individual's spouse are not both domiciled in this state during the entire
6taxable year, the tax brackets under subs. (1p) and (2) (g) and (h) on a joint return
7shall be multiplied by a fraction, the numerator of which is their joint Wisconsin
8adjusted gross income and the denominator of which is their joint federal adjusted
9gross income.".
