AB133-SSA1,826,2423 71.04 (4) (c) For taxable years beginning after December 31, 2002, an
24apportionment fraction composed of the sales factor under sub. (7).
AB133-SSA1, s. 1676 25Section 1676. 71.04 (5) (intro.) of the statutes is amended to read:
AB133-SSA1,827,2
171.04 (5) Property factor. (intro.) For purposes of sub. (4) and for taxable
2years beginning before January 1, 2003
:
AB133-SSA1, s. 1677 3Section 1677. 71.04 (6) (intro.) of the statutes is amended to read:
AB133-SSA1,827,54 71.04 (6) Payroll factor. (intro.) For purposes of sub. (4) and for taxable years
5beginning before January 1, 2003
:
AB133-SSA1, s. 1678 6Section 1678. 71.04 (7) (d) of the statutes is amended to read:
AB133-SSA1,827,157 71.04 (7) (d) Sales, other than sales of tangible personal property, are in this
8state if the income-producing activity is performed in this state. If the
9income-producing activity is performed both in and outside this state the sales shall
10be divided between those states having jurisdiction to tax such business in
11proportion to the direct costs of performance incurred in each such state in rendering
12this service. Services performed in states which do not have jurisdiction to tax the
13business shall be deemed to have been performed in the state to which compensation
14is allocated by sub. (6). This paragraph does not apply to taxable years beginning
15after December 31, 1999.
AB133-SSA1, s. 1679 16Section 1679. 71.04 (7) (dc) of the statutes is created to read:
AB133-SSA1,827,2017 71.04 (7) (dc) For taxable years beginning after December 31, 1999, sales,
18rents, royalties, and other income from real property, and the receipts from the lease
19or rental of tangible personal property, are attributed to the state in which the
20property is located.
AB133-SSA1, s. 1680 21Section 1680. 71.04 (7) (dg) of the statutes is created to read:
AB133-SSA1,828,222 71.04 (7) (dg) For taxable years beginning after December 31, 1999, receipts
23from the lease or rental of moving property including but not limited to motor
24vehicles, rolling stock, aircraft, vessels, or mobile equipment are included in the

1numerator of the sales factor under par. (a) to the extent that the property is used
2in this state. The use of moving property in this state is determined as follows:
AB133-SSA1,828,83 1. The use of a motor vehicle or rolling stock in this state is determined by
4multiplying the gross receipts from the lease or rental of the motor vehicle or rolling
5stock by a fraction having as a numerator the number of miles traveled within this
6state by the motor vehicle or rolling stock while leased or rented in the taxable year
7and having as a denominator the total number of miles traveled by the motor vehicle
8or rolling stock while leased or rented in the taxable year.
AB133-SSA1,828,139 2. The use of an aircraft in this state is determined by multiplying the gross
10receipts from the lease or rental of the aircraft by a fraction having as a numerator
11the number of landings of the aircraft in this state while leased or rented in the
12taxable year and having as a denominator the total number of landings of the aircraft
13while leased or rented in the taxable year.
AB133-SSA1,828,1914 3. The use of a vessel or mobile equipment in this state is determined by
15multiplying the gross receipts from the lease or rental of the vessel or mobile
16equipment by a fraction having as a numerator the number of days that the vessel
17or mobile equipment is in this state while leased or rented in the taxable year and
18having as a denominator the total number of days that the vessel or mobile
19equipment is leased or rented in the taxable year.
AB133-SSA1,828,2320 4. If the taxpayer does not know the location of moving property while such
21property is leased or rented in the taxable year, the moving property is used in the
22state in which such property is located at the time the lessee or renter takes
23possession of the property.
AB133-SSA1, s. 1681 24Section 1681. 71.04 (7) (dn) of the statutes is created to read:
AB133-SSA1,829,3
171.04 (7) (dn) For taxable years beginning after December 31, 1999, gross
2royalties and gross income received for the use of intangible property are attributed
3to this state if any of the following occurs:
AB133-SSA1,829,64 1. The purchaser of intangible property uses the intangible property in the
5production, fabrication or manufacturing of a product that is sold to a customer who
6is located in this state.
AB133-SSA1,829,97 2. The purchaser of intangible property uses the intangible property in the
8printing or publication of materials that are sold to a customer who is located in this
9state.
AB133-SSA1,829,1110 3. The purchaser of intangible property uses the intangible property in the
11operation of a trade or business at a location in this state.
AB133-SSA1,829,1312 4. The purchaser of intangible property is billed for the purchase of the
13intangible property at a location in this state.
AB133-SSA1,829,1514 5. The taxpayer is not subject to income tax in the state in which the intangible
15property is used but the taxpayer's commercial domicile is in this state.
AB133-SSA1, s. 1682 16Section 1682. 71.04 (7) (dr) of the statutes is created to read:
AB133-SSA1,829,2017 71.04 (7) (dr) 1. For taxable years beginning after December 31, 1999, receipts
18from a service are attributed to the state where the purchaser of the service received
19the benefit of the service. The benefit of a service is received in this state if any of
20the following applies:
AB133-SSA1,829,2121 a. The service relates to real property that is located in this state.
AB133-SSA1,829,2322 b. The service relates to tangible personal property that is located in this state
23at the time that the service is received.
AB133-SSA1,829,2424 c. The service is provided to a person who is located in this state.
AB133-SSA1,829,2525 d. The service is provided to a person doing business in this state.
AB133-SSA1,830,1
1e. The service is performed at a location in this state.
AB133-SSA1,830,102 2. If the purchaser of a service receives the benefit of a service in more than one
3state, the receipts from the performance of the service are included in the numerator
4of the sales factor under par. (a) according to the portion of the service received in this
5state. If the state where a purchaser received the benefit of a service cannot be
6determined, the benefit of a service is received in the state where the purchaser, in
7the regular course of the purchaser's business, ordered the service. If the state where
8a purchaser ordered a service cannot be determined, the benefit of the service is
9received in the state where the purchaser, in the regular course of the purchaser's
10business, receives a bill for the service.
AB133-SSA1,830,1411 3. If the taxpayer is not subject to income tax in the state in which the benefit
12of the service is received, the benefit of the service is received in this state to the
13extent that the taxpayer's employes or representatives performed services from a
14location in this state.
AB133-SSA1, s. 1682b 15Section 1682b. 71.04 (7) (ds) of the statutes is created to read:
AB133-SSA1,830,1916 71.04 (7) (ds) 1. For taxable years beginning after December 31, 1999, the gate
17receipts from professional sporting events are attributed to the state in which the
18taxpayer's sports facility is located. Gate receipts include the taxpayer's in-state
19gate receipts and the taxpayer's share of out-of-state gate receipts.
AB133-SSA1,830,2520 2. For taxable years beginning after December 31, 1999, radio and television
21receipts received by the taxpayer from a professional sports association contract with
22a communications network are attributed to this state in proportion to the number
23of events held in this state in which the taxpayer's team is a participant and that are
24related to the contract compared to the total number of events in which the
25taxpayer's team is a participant and that are related to the contract.
AB133-SSA1, s. 1682c
1Section 1682c. 71.04 (7) (dt) of the statutes is created to read:
AB133-SSA1,831,52 71.04 (7) (dt) 1. For taxable years beginning after December 31, 1999, the gross
3receipts from radio and television broadcasting, including advertising revenue, are
4attributed to this state in proportion to the audience in this state as compared to the
5total audience.
AB133-SSA1,831,86 2. For taxable years beginning after December 31, 1999, the gross receipts from
7newspapers and magazines, including advertising revenue, are attributed to this
8state in proportion to the circulation in this state as compared to the total circulation.
AB133-SSA1, s. 1682d 9Section 1682d. 71.04 (7) (dw) of the statutes is created to read:
AB133-SSA1,831,1410 71.04 (7) (dw) 1. Except as provided in subds. 2. and 3., if a person doing
11business in this state and outside this state owns a business that is subject to
12apportionment under sub. (4) or s. 71.25 (6) and a business that is subject to
13apportionment under sub. (8), the person shall apportion income as provided under
14sub. (4) or s. 71.25 (6).
AB133-SSA1,831,2315 2. A person who has filed a tax return and who has reported income on the
16return as apportioned under subd. 1 may request permission from the department
17to use an alternative apportionment method in the next taxable year, if the person
18receives at least 50% of the person's total gross receipts in a taxable year from a
19business described under sub. (8) (c). If the department grants permission to a
20person to use an alternative apportionment method under this subdivision, the
21person may not use the alternative method, and shall apportion income under subd.
221., if the person receives less than 50% of the person's total gross receipts in a taxable
23year from a business described under sub. (8) (c).
AB133-SSA1,832,3
13. The department may require that a person who is subject to apportionment
2under this subsection use an alternative apportionment method to accurately reflect
3income that is attributable to this state.
AB133-SSA1, s. 1682m 4Section 1682m. 71.04 (8) (title) of the statutes is amended to read:
AB133-SSA1,832,65 71.04 (8) (title) Railroads, financial organizations telecommunications
6companies
and public utilities.
AB133-SSA1, s. 1682n 7Section 1682n. 71.04 (8) (a) of the statutes is amended to read:
AB133-SSA1,832,138 71.04 (8) (a) "Financial organization", as used in this section, means any bank,
9trust company, savings bank, industrial bank, land bank, safe deposit company,
10private banker, savings and loan association, credit union, cooperative bank, small
11loan company, sales finance company, investment company, brokerage house,
12underwriter or any type of insurance company. This paragraph does not apply to
13taxable years beginning after December 31, 1999.
AB133-SSA1, s. 1682p 14Section 1682p. 71.04 (8) (c) of the statutes is amended to read:
AB133-SSA1,832,2115 71.04 (8) (c) The net business income of railroads, sleeping car companies, car
16line companies, financial organizations, telecommunications companies and public
17utilities requiring apportionment shall be apportioned pursuant to rules of the
18department of revenue, but the income taxed is limited to the income derived from
19business transacted and property located within the state. For taxable years
20beginning after December 31, 1999, the net business income of financial
21organizations shall be apportioned under s. 71.25 (9d).
AB133-SSA1, s. 1682r 22Section 1682r. 71.04 (10) of the statutes is amended to read:
AB133-SSA1,833,823 71.04 (10) Department may waive factor. Where, in the case of any nonresident
24individual or nonresident estate or trust engaged in business within and without the
25state of Wisconsin and required to apportion its income as provided in this section,

1it shall be shown to the satisfaction of the department of revenue that the use of any
2one of the 3 factors provided under sub. (4) gives an unreasonable or inequitable final
3average ratio because of the fact that such nonresident individual or nonresident
4estate or trust does not employ, to any appreciable extent in its trade or business in
5producing the income taxed, the factors made use of in obtaining such ratio, this
6factor may, with the approval of the department of revenue, be omitted in obtaining
7the final average ratio which is to be applied to the remaining net income. This
8subsection does not apply to taxable years beginning after December 31, 2002.
AB133-SSA1, s. 1683 9Section 1683. 71.05 (1) (c) 2. of the statutes is amended to read:
AB133-SSA1,833,1110 71.05 (1) (c) 2. The Wisconsin housing and economic development authority, if
11the bonds are to fund a loan under s. 234.935, 1997 stats.
AB133-SSA1, s. 1684 12Section 1684. 71.05 (6) (a) 12. of the statutes is amended to read:
AB133-SSA1,834,1613 71.05 (6) (a) 12. All alimony deducted for federal income tax purposes and paid
14while the individual paying the alimony was a nonresident of this state; all
All
15penalties for early withdrawals from time savings accounts and deposits deducted
16for federal income tax purposes and paid while the individual charged with the
17penalty was a nonresident of this state; all repayments of supplemental
18unemployment benefit plan payments deducted for federal income tax purposes and
19made while the individual making the repayment was a nonresident of this state;
all
20reforestation expenses related to property not in this state, deducted for federal
21income tax purposes and paid while the individual paying the expense was not a
22resident of this state; all contributions to individual retirement accounts, simplified
23employe pension plans and self-employment retirement plans and all deductible
24employe contributions, deducted for federal income tax purposes and in excess of that
25amount multiplied by a fraction the numerator of which is the individual's wages and

1net earnings from a trade or business taxable by this state and the denominator of
2which is the individual's total wages and net earnings from a trade or business; the
3contributions to a Keogh plan deducted for federal income tax purposes and in excess
4of that amount multiplied by a fraction the numerator of which is the individual's net
5earnings from a trade or business, taxable by this state, and the denominator of
6which is the individual's total net earnings from a trade or business; the amount of
7health insurance costs of self-employed individuals deducted under section 162 (L)
8of the internal revenue code for federal income tax purposes and in excess of that
9amount multiplied by a fraction the numerator of which is the individual's net
10earnings from a trade or business, taxable by this state, and the denominator of
11which is the individual's total net earnings from a trade or business; and the amount
12of self-employment taxes deducted under section 164 (f) of the internal revenue code
13for federal income tax purposes and in excess of that amount multiplied by a fraction
14the numerator of which is the individual's net earnings from a trade or business,
15taxable by this state, and the denominator of which is the individual's total net
16earnings from a trade or a business.
AB133-SSA1, s. 1684d 17Section 1684d. 71.05 (6) (a) 15. of the statutes is amended to read:
AB133-SSA1,834,2218 71.05 (6) (a) 15. The amount of the credits computed under s. 71.07 (2dd), (2de),
19(2di), (2dj), (2dL), (2dr), (2ds), (2dx), (2dy) and (3s) and not passed through by a
20partnership, limited liability company or tax-option corporation that has added that
21amount to the partnership's, company's or tax-option corporation's income under s.
2271.21 (4) or 71.34 (1) (g).
AB133-SSA1, s. 1686 23Section 1686. 71.05 (6) (b) 23. of the statutes is amended to read:
AB133-SSA1,834,2524 71.05 (6) (b) 23. Any increase in value of a tuition unit that is purchased under
25a tuition contract under s. 16.24 14.63.
AB133-SSA1, s. 1686m
1Section 1686m. 71.05 (6) (b) 28. (intro.) of the statutes is amended to read:
AB133-SSA1,835,82 71.05 (6) (b) 28. (intro.) An amount paid by a claimant for tuition expenses for
3a student who is the claimant or who is the claimant's child and the claimant's
4dependent who is claimed under section 151 (c) of the Internal Revenue Code, to
5attend any university, college, technical college or a school approved under s. 39.51
645.54, that is located in Wisconsin or to attend a public vocational school or public
7institution of higher education in Minnesota under the Minnesota-Wisconsin
8reciprocity agreement under s. 39.47, calculated as follows:
AB133-SSA1, s. 1687 9Section 1687. 71.05 (6) (b) 28. e. of the statutes is amended to read:
AB133-SSA1,835,2110 71.05 (6) (b) 28. e. For an individual who is a nonresident or part-year resident
11of this state, multiply the amount calculated under subd. 28. a., b., c. or d. by a
12fraction the numerator of which is the individual's wages, salary, tips, unearned
13income and net earnings from a trade or business that are taxable by this state and
14the denominator of which is the individual's total wages, salary, tips, unearned
15income and net earnings from a trade or business. In this subd. 28. e., for married
16persons filing separately "wages, salary, tips, unearned income and net earnings
17from a trade or business" means the separate wages, salary, tips, unearned income
18and net earnings from a trade or business of each spouse, and for married persons
19filing jointly "wages, salary, tips, unearned income and net earnings from a trade or
20business" means the total wages, salary, tips, unearned income and net earnings
21from a trade or business of both spouses.
AB133-SSA1, s. 1688 22Section 1688. 71.05 (6) (b) 28. f. of the statutes is amended to read:
AB133-SSA1,835,2523 71.05 (6) (b) 28. f. Reduce the amount calculated under subd. 28. a., b., c., d. or
24e. to the individual's aggregate wages, salary, tips, unearned income and net
25earnings from a trade or business that are taxable by this state.
AB133-SSA1, s. 1688d
1Section 1688d. 71.05 (6) (b) 29. of the statutes is created to read:
AB133-SSA1,836,72 71.05 (6) (b) 29. The amount claimed as a federal miscellaneous itemized
3deduction under the Internal Revenue Code for repayment of an amount included in
4income in a previous year to the extent that the repayment was previously included
5in Wisconsin adjusted gross income, except that no amount that is used in calculating
6the credit under s. 71.07 (1) may be included in the calculation under this
7subdivision.
AB133-SSA1, s. 1689 8Section 1689. 71.05 (22) (dm) of the statutes is amended to read:
AB133-SSA1,837,199 71.05 (22) (dm) Deduction limits; 1994 and thereafter to 1999. Except as
10provided in par. (f), for taxable years beginning on or after January 1, 1994 after
11December 31, 1993, and before January 1, 2000
, the Wisconsin standard deduction
12is whichever of the following amounts is appropriate. For a single individual who has
13a Wisconsin adjusted gross income of less than $7,500, the standard deduction is
14$5,200. For a single individual who has a Wisconsin adjusted gross income of at least
15$7,500 but not more than $50,830, the standard deduction is the amount obtained
16by subtracting from $5,200 12% of Wisconsin adjusted gross income in excess of
17$7,500 but not less than $0. For a single individual who has a Wisconsin adjusted
18gross income of more than $50,830, the standard deduction is $0.
For a head of
19household who has a Wisconsin adjusted gross income of less than $7,500, the
20standard deduction is $7,040. For a head of household who has a Wisconsin adjusted
21gross income of at least $7,500 but not more than $25,000, the standard deduction
22is the amount obtained by subtracting from $7,040 22.515% of Wisconsin adjusted
23gross income in excess of $7,500 but not less than $0, until the adjusted gross income
24amount at which the standard deduction is equal to the standard deduction for a
25single individual at the same adjusted gross income amount
. For a head of household

1who has a Wisconsin adjusted gross income of more than $25,000 this amount, the
2standard deduction shall be calculated as if the head of household were a single
3individual. For a married couple filing jointly that has an aggregate Wisconsin
4adjusted gross income of less than $10,000, the standard deduction is $8,900. For
5a married couple filing jointly that has an aggregate Wisconsin adjusted gross
6income of at least $10,000 but not more than $55,000, the standard deduction is the
7amount obtained by subtracting from $8,900 19.778% of aggregate Wisconsin
8adjusted gross income in excess of $10,000 but not less than $0. For a married couple
9filing jointly that has an aggregate Wisconsin adjusted gross income of more than
10$55,000, the standard deduction is $0.
For a married individual filing separately
11who has a Wisconsin adjusted gross income of less than $4,750, the standard
12deduction is $4,230. For a married individual filing separately who has a Wisconsin
13adjusted gross income of at least $4,750 but not more than $26,140, the standard
14deduction is the amount obtained by subtracting from $4,230 19.778% of Wisconsin
15adjusted gross income in excess of $4,750 but not less than $0. For a married
16individual filing separately who has a Wisconsin adjusted gross income of more than
17$26,140, the standard deduction is $0.
The secretary of revenue shall prepare a table
18under which deductions under this paragraph shall be determined. That table shall
19be published in the department's instructional booklets.
AB133-SSA1, s. 1690 20Section 1690. 71.05 (22) (dp) of the statutes is created to read:
AB133-SSA1,838,2421 71.05 (22) (dp) Deduction limits, 2000 and thereafter. Except as provided in
22par. (f), for taxable years beginning after December 31, 1999, the Wisconsin standard
23deduction is whichever of the following amounts is appropriate. For a single
24individual who has a Wisconsin adjusted gross income of less than $10,380, the
25standard deduction is $7,200. For a single individual who has a Wisconsin adjusted

1gross income of at least $10,380, the standard deduction is the amount obtained by
2subtracting from $7,200 12% of Wisconsin adjusted gross income in excess of $10,380
3but not less than $0. For a head of household who has a Wisconsin adjusted gross
4income of less than $10,380, the standard deduction is $9,300. For a head of
5household who has a Wisconsin adjusted gross income of at least $10,380, the
6standard deduction is the amount obtained by subtracting from $9,300 22.515% of
7Wisconsin adjusted gross income in excess of $10,380, but not less than $0, until the
8adjusted gross income amount at which the standard deduction is equal to the
9standard deduction for a single individual at the same adjusted gross income
10amount. For a head of household who has a Wisconsin adjusted gross income of more
11than this amount, the standard deduction shall be calculated as if the head of
12household were a single individual. For a married couple filing jointly that has an
13aggregate Wisconsin adjusted gross income of less than $14,570, the standard
14deduction is $12,970. For a married couple filing jointly that has an aggregate
15Wisconsin adjusted gross income of at least $14,570, the standard deduction is the
16amount obtained by subtracting from $12,970 19.778% of aggregate Wisconsin
17adjusted gross income in excess of $14,570 but not less than $0. For a married
18individual filing separately who has a Wisconsin adjusted gross income of less than
19$6,920, the standard deduction is $6,160. For a married individual filing separately
20who has a Wisconsin adjusted gross income of at least $6,920, the standard deduction
21is the amount obtained by subtracting from $6,160 19.778% of Wisconsin adjusted
22gross income in excess of $6,920 but not less than $0. The secretary of revenue shall
23prepare a table under which deductions under this paragraph shall be determined.
24That table shall be published in the department's instructional booklets.
AB133-SSA1, s. 1691 25Section 1691. 71.05 (22) (ds) of the statutes is amended to read:
AB133-SSA1,839,14
171.05 (22) (ds) Standard deduction indexing. For taxable years beginning after
2December 31, 1998, and before January 1, 2000, the dollar amounts of the standard
3deduction that is allowable under par. (dm) and all of the dollar amounts of Wisconsin
4adjusted gross income under par. (dm) shall be increased each year by a percentage
5equal to the percentage change between the U.S. consumer price index for all urban
6consumers, U.S. city average, for the month of August of the previous year and the
7U.S. consumer price index for all urban consumers, U.S. city average, for the month
8of August of the year before the previous year, as determined by the federal
9department of labor. Each amount that is revised under this paragraph shall be
10rounded to the nearest multiple of $10 if the revised amount is not a multiple of $10
11or, if the revised amount is a multiple of $5, such an amount shall be increased to the
12next higher multiple of $10. The department of revenue shall annually adjust the
13changes in dollar amounts required under this paragraph and incorporate the
14changes into the income tax forms and instructions.
AB133-SSA1, s. 1691c 15Section 1691c. 71.05 (22) (dt) of the statutes is created to read:
AB133-SSA1,840,416 71.05 (22) (dt) Standard deduction indexing, 2001 and thereafter. For taxable
17years beginning after December 31, 2000, the dollar amounts of the standard
18deduction that is allowable under par. (dp) and all of the dollar amounts of Wisconsin
19adjusted gross income under par. (dp) shall be increased each year by a percentage
20equal to the percentage change between the U.S. consumer price index for all urban
21consumers, U.S. city average, for the month of August of the previous year and the
22U.S. consumer price index for all urban consumers, U.S. city average, for the month
23of August 1999, as determined by the federal department of labor. Each amount that
24is revised under this paragraph shall be rounded to the nearest multiple of $10 if the
25revised amount is not a multiple of $10 or, if the revised amount is a multiple of $5,

1such an amount shall be increased to the next higher multiple of $10. The
2department of revenue shall annually adjust the changes in dollar amounts required
3under this paragraph and incorporate the changes into the income tax forms and
4instructions.
AB133-SSA1, s. 1692 5Section 1692. 71.05 (22) (f) 4. b. of the statutes is amended to read:
AB133-SSA1,840,76 71.05 (22) (f) 4. b. The standard deduction that may be claimed by an individual
7under par. (dm) or (dp), based on the individual's filing status.
AB133-SSA1, s. 1693 8Section 1693. 71.05 (23) of the statutes is created to read:
AB133-SSA1,840,109 71.05 (23) Personal exemptions. In computing Wisconsin taxable income, an
10individual taxpayer may subtract the following amounts:
AB133-SSA1,840,1211 (a) For taxable years that begin after December 31, 1999, and before January
121, 2001:
AB133-SSA1,840,1513 1. A personal exemption of $600 if the taxpayer is required to file a return under
14s. 71.03 (2) (a) 1. or 2. and $600 for the taxpayer's spouse, except if the spouse is filing
15separately or as a head of household.
AB133-SSA1,840,1816 2. An exemption of $600 for each individual for whom the taxpayer is entitled
17to an exemption for the taxable year under section 151 (c) of the Internal Revenue
18Code.
AB133-SSA1,840,2319 3. An additional exemption of $200 if the taxpayer has reached the age of 65
20before the close of the taxable year to which his or her tax return relates and $200
21for the taxpayer's spouse if he or she has reached the age of 65 before the close of the
22taxable year to which his or her tax return relates, except if the spouse is filing
23separately or as a head of household.
AB133-SSA1,840,2424 (b) For taxable years that begin after December 31, 2000:
AB133-SSA1,841,3
11. A personal exemption of $700 if the taxpayer is required to file a return under
2s. 71.03 (2) (a) 1. or 2. and $700 for the taxpayer's spouse, except if the spouse is filing
3separately or as a head of household.
AB133-SSA1,841,64 2. An exemption of $700 for each individual for whom the taxpayer is entitled
5to an exemption for the taxable year under section 151 (c) of the Internal Revenue
6Code.
AB133-SSA1,841,117 3. An additional exemption of $250 if the taxpayer has reached the age of 65
8before the close of the taxable year to which his or her tax return relates and $250
9for the taxpayer's spouse if he or she has reached the age of 65 before the close of the
10taxable year to which his or her tax return relates, except if the spouse is filing
11separately or as a head of household.
AB133-SSA1,841,2412 (c) With respect to persons who change their domicile into or from this state
13during the taxable year and nonresident persons, personal exemptions under pars.
14(a) and (b) shall be limited to the fraction of the amount so determined that Wisconsin
15adjusted gross income is of federal adjusted gross income. In this paragraph, for
16married persons filing separately "adjusted gross income" means the separate
17adjusted gross income of each spouse and for married persons filing jointly "adjusted
18gross income" means the total adjusted gross income of both spouses. If a person and
19that person's spouse are not both domiciled in this state during the entire taxable
20year, their personal exemptions on a joint return are determined by multiplying the
21personal exemption that would be available to each of them if they were both
22domiciled in this state during the entire taxable year by a fraction the numerator of
23which is their joint Wisconsin adjusted gross income and the denominator of which
24is their joint federal adjusted gross income.
AB133-SSA1, s. 1694 25Section 1694. 71.06 (1m) (intro.) of the statutes is amended to read:
AB133-SSA1,842,6
171.06 (1m) Fiduciaries, single individuals and heads of households; after
21997
to 1999. (intro.) The tax to be assessed, levied and collected upon the taxable
3incomes of all fiduciaries, except fiduciaries of nuclear decommissioning trust or
4reserve funds, and single individuals and heads of households shall be computed at
5the following rates for taxable years beginning after December 31, 1997, and before
6January 1, 2000
:
AB133-SSA1, s. 1695 7Section 1695. 71.06 (1n) of the statutes is created to read:
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