LRBb1632/1
MES&ISR&JK:kg:mrc
1999 - 2000 LEGISLATURE
SENATE AMENDMENT 39,
TO SENATE AMENDMENT 1,
TO SENATE SUBSTITUTE AMENDMENT 1,
TO 1999 ASSEMBLY BILL 133
June 30, 1999 - Offered by Senators Lazich, Welch and Ellis.
AB133-SSA1-SA1-SA39,2,116
71.06
(1m) Fiduciaries, single individuals and heads of households; after
71997 and 1998. (intro.) The tax to be assessed, levied and collected upon the taxable
8incomes of all fiduciaries, except fiduciaries of nuclear decommissioning trust or
9reserve funds, and single individuals and heads of households shall be computed at
10the following rates for taxable years beginning after December 31, 1997
, and before
11January 1, 1999:
AB133-SSA1-SA1-SA39,2,1713
71.06
(1n) Fiduciaries, single individuals and heads of households; 1999. The
14tax to be assessed, levied and collected upon the taxable incomes of all fiduciaries,
15except fiduciaries of nuclear decommissioning trust or reserve funds, and single
16individuals and heads of households shall be computed at the following rates for
17taxable years beginning after December 31, 1998, and before January 1, 2000:
AB133-SSA1-SA1-SA39,2,1818
(a) On all taxable income from $0 to $7,620, 4.74%.
AB133-SSA1-SA1-SA39,2,1919
(b) On all taxable income exceeding $7,620 but not exceeding $15,240, 6.33%.
AB133-SSA1-SA1-SA39,2,2020
(c) On all taxable income exceeding $15,240, 6.73%.
AB133-SSA1-SA1-SA39,3,222
71.06
(1p) Fiduciaries, single individuals and heads of households; after
231999. The tax to be assessed, levied and collected upon the taxable incomes of all
24fiduciaries, except fiduciaries of nuclear decommissioning trust or reserve funds, and
1single individuals and heads of households shall be computed at the following rates
2for taxable years beginning after December 31, 1999:
AB133-SSA1-SA1-SA39,3,33
(a) On all taxable income from $0 to $7,620, 4.53%.
AB133-SSA1-SA1-SA39,3,44
(b) On all taxable income exceeding $7,620 but not exceeding $15,240, 6.05%.
AB133-SSA1-SA1-SA39,3,55
(c) On all taxable income exceeding $15,240, 6.43%.
AB133-SSA1-SA1-SA39,3,87
71.06
(2) (c) (intro.) For joint returns, for taxable years beginning after
8December 31, 1997
, and before January 1, 1999:
AB133-SSA1-SA1-SA39,3,1110
71.06
(2) (d) (intro.) For married persons filing separately, for taxable years
11beginning after December 31, 1997
, and before January 1, 1999:
AB133-SSA1-SA1-SA39,3,1413
71.06
(2) (e) For joint returns, for taxable years beginning after December 31,
141998, and before January 1, 2000:
AB133-SSA1-SA1-SA39,3,1515
1. On all taxable income from $0 to $10,160, 4.74%.
AB133-SSA1-SA1-SA39,3,1616
2. On all taxable income exceeding $10,160 but not exceeding $20,320, 6.33%.
AB133-SSA1-SA1-SA39,3,1717
3. On all taxable income exceeding $20,320, 6.73%.
AB133-SSA1-SA1-SA39,3,2019
71.06
(2) (f) For married persons filing separately, for taxable years beginning
20after December 31, 1998, and before January 1, 2000:
AB133-SSA1-SA1-SA39,3,2121
1. On all taxable income from $0 to $5,080, 4.74%.
AB133-SSA1-SA1-SA39,3,2222
2. On all taxable income exceeding $5,080 but not exceeding $10,160, 6.33%.
AB133-SSA1-SA1-SA39,3,2323
3. On all taxable income exceeding $10,160, 6.73%.
AB133-SSA1-SA1-SA39,4,2
171.06
(2) (g) For joint returns, for taxable years beginning after December 31,
21999:
AB133-SSA1-SA1-SA39,4,33
1. On all taxable income from $0 to $10,160, 4.53%.
AB133-SSA1-SA1-SA39,4,44
2. On all taxable income exceeding $10,160 but not exceeding $20,320, 6.05%.
AB133-SSA1-SA1-SA39,4,55
3. On all taxable income exceeding $20,320, 6.43%.
AB133-SSA1-SA1-SA39,4,87
71.06
(2) (h) For married persons filing separately, for taxable years beginning
8after December 31, 1999:
AB133-SSA1-SA1-SA39,4,99
1. On all taxable income from $0 to $5,080, 4.53%.
AB133-SSA1-SA1-SA39,4,1010
2. On all taxable income exceeding $5,080 but not exceeding $10,160, 6.05%.
AB133-SSA1-SA1-SA39,4,1111
3. On all taxable income exceeding $10,160, 6.43%.
AB133-SSA1-SA1-SA39,5,413
71.06
(2e) Bracket indexing. For taxable years beginning after December 31,
141998,
and before January 1, 2000, the maximum dollar amount in each tax bracket,
15and the corresponding minimum dollar amount in the next bracket, under subs.
16(1m)
, (1n) and (2) (c)
and, (d)
, (e) and (f), and for taxable years beginning after
17December 31, 1999, the maximum dollar amount in each tax bracket, and the
18corresponding minimum dollar amount in the next bracket, under subs. (1p) and (2)
19(g) and (h), shall be increased each year by a percentage equal to the percentage
20change between the U.S. consumer price index for all urban consumers, U.S. city
21average, for the month of August of the previous year and the U.S. consumer price
22index for all urban consumers, U.S. city average, for the month of August
of the year
23before the previous year 1997, as determined by the federal department of labor.
24Each amount that is revised under this subsection shall be rounded to the nearest
25multiple of $10 if the revised amount is not a multiple of $10 or, if the revised amount
1is a multiple of $5, such an amount shall be increased to the next higher multiple of
2$10. The department of revenue shall annually adjust the changes in dollar amounts
3required under this subsection and incorporate the changes into the income tax
4forms and instructions.
AB133-SSA1-SA1-SA39,5,96
71.06
(2m) Rate changes. If a rate under sub. (1), (1m)
, (1n), (1p) or (2) changes
7during a taxable year, the taxpayer shall compute the tax for that taxable year by the
8methods applicable to the federal income tax under section
15 of the internal revenue
9code.
AB133-SSA1-SA1-SA39,5,2311
71.06
(2s) (b) For taxable years beginning after December 31, 1997,
and before
12January 1, 1999, with respect to nonresident individuals, including individuals
13changing their domicile into or from this state, the tax brackets under subs. (1m) and
14(2) (c) and (d) shall be multiplied by a fraction, the numerator of which is Wisconsin
15adjusted gross income and the denominator of which is federal adjusted gross
16income. In this paragraph, for married persons filing separately "adjusted gross
17income" means the separate adjusted gross income of each spouse, and for married
18persons filing jointly "adjusted gross income" means the total adjusted gross income
19of both spouses. If an individual and that individual's spouse are not both domiciled
20in this state during the entire taxable year, the tax brackets under subs. (1m) and
21(2) (c) and (d) on a joint return shall be multiplied by a fraction, the numerator of
22which is their joint Wisconsin adjusted gross income and the denominator of which
23is their joint federal adjusted gross income.
AB133-SSA1-SA1-SA39,6,13
171.06
(2s) (c) For taxable years beginning after December 31, 1998, and before
2January 1, 2000, with respect to nonresident individuals, including individuals
3changing their domicile into or from this state, the tax brackets under subs. (1n) and
4(2) (e) and (f) shall be multiplied by a fraction, the numerator of which is Wisconsin
5adjusted gross income and the denominator of which is federal adjusted gross
6income. In this paragraph, for married persons filing separately "adjusted gross
7income" means the separate adjusted gross income of each spouse, and for married
8persons filing jointly "adjusted gross income" means the total adjusted gross income
9of both spouses. If an individual and that individual's spouse are not both domiciled
10in this state during the entire taxable year, the tax brackets under subs. (1n) and (2)
11(e) and (f) on a joint return shall be multiplied by a fraction, the numerator of which
12is their joint Wisconsin adjusted gross income and the denominator of which is their
13joint federal adjusted gross income.
AB133-SSA1-SA1-SA39,7,215
71.06
(2s) (d) For taxable years beginning after December 31, 1999, with
16respect to nonresident individuals, including individuals changing their domicile
17into or from this state, the tax brackets under subs. (1p) and (2) (g) and (h) 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. (1p) and (2) (g) and (h) 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.".".
AB133-SSA1-SA1-SA39,7,139
71.52
(5) "Household income" means
, for claims filed before 1999, all income
10received by all persons of a household in a calendar year while members of the
11household, less $250 for each of the claimant's dependents, as defined in section
152 12of the Internal Revenue Code, who have the same principal abode as the claimant
13for more than 6 months during the year to which the claim relates.
AB133-SSA1-SA1-SA39,7,1915
71.52
(5e) "Household income" means, for claims filed in 1999, all income
16received by all persons of a household in a calendar year while members of the
17household, less $330 for each of the claimant's dependents, as defined in section
152 18of the Internal Revenue Code, who have the same principal abode as the claimant
19for more than 6 months during the year to which the claim relates.
