Amendment SSA1-AB133

AB133-SSA1, s. 1684d Section 1684d. 71.05 (6) (a) 15. of the statutes is amended to read:

AB133-SSA1,834,22 71.05 (6) (a) 15. The amount of the credits computed under s. 71.07 (2dd), (2de), (2di), (2dj), (2dL), (2dr), (2ds), (2dx), (2dy) and (3s) and not passed through by a partnership, limited liability company or tax-option corporation that has added that amount to the partnership's, company's or tax-option corporation's income under s. 71.21 (4) or 71.34 (1) (g).

AB133-SSA1, s. 1686 Section 1686. 71.05 (6) (b) 23. of the statutes is amended to read:

AB133-SSA1,834,25 71.05 (6) (b) 23. Any increase in value of a tuition unit that is purchased under a tuition contract under s. 16.24 14.63.

AB133-SSA1, s. 1686m Section 1686m. 71.05 (6) (b) 28. (intro.) of the statutes is amended to read:

AB133-SSA1,835,8 71.05 (6) (b) 28. (intro.) An amount paid by a claimant for tuition expenses for a student who is the claimant or who is the claimant's child and the claimant's dependent who is claimed under section 151 (c) of the Internal Revenue Code, to attend any university, college, technical college or a school approved under s. 39.51 45.54, that is located in Wisconsin or to attend a public vocational school or public institution of higher education in Minnesota under the Minnesota-Wisconsin reciprocity agreement under s. 39.47, calculated as follows:

AB133-SSA1, s. 1687 Section 1687. 71.05 (6) (b) 28. e. of the statutes is amended to read:

AB133-SSA1,835,21 71.05 (6) (b) 28. e. For an individual who is a nonresident or part-year resident of this state, multiply the amount calculated under subd. 28. a., b., c. or d. by a fraction the numerator of which is the individual's wages, salary, tips, unearned income and net earnings from a trade or business that are taxable by this state and the denominator of which is the individual's total wages, salary, tips, unearned income and net earnings from a trade or business. In this subd. 28. e., for married persons filing separately "wages, salary, tips, unearned income and net earnings from a trade or business" means the separate wages, salary, tips, unearned income and net earnings from a trade or business of each spouse, and for married persons filing jointly "wages, salary, tips, unearned income and net earnings from a trade or business" means the total wages, salary, tips, unearned income and net earnings from a trade or business of both spouses.

AB133-SSA1, s. 1688 Section 1688. 71.05 (6) (b) 28. f. of the statutes is amended to read:

AB133-SSA1,835,25 71.05 (6) (b) 28. f. Reduce the amount calculated under subd. 28. a., b., c., d. or e. to the individual's aggregate wages, salary, tips, unearned income and net earnings from a trade or business that are taxable by this state.

AB133-SSA1, s. 1688d Section 1688d. 71.05 (6) (b) 29. of the statutes is created to read:

AB133-SSA1,836,7 71.05 (6) (b) 29. The amount claimed as a federal miscellaneous itemized deduction under the Internal Revenue Code for repayment of an amount included in income in a previous year to the extent that the repayment was previously included in Wisconsin adjusted gross income, except that no amount that is used in calculating the credit under s. 71.07 (1) may be included in the calculation under this subdivision.

AB133-SSA1, s. 1689 Section 1689. 71.05 (22) (dm) of the statutes is amended to read:

AB133-SSA1,837,19 71.05 (22) (dm) Deduction limits; 1994 and thereafter to 1999. Except as provided in par. (f), for taxable years beginning on or after January 1, 1994 after December 31, 1993, and before January 1, 2000, the Wisconsin standard deduction is whichever of the following amounts is appropriate. For a single individual who has a Wisconsin adjusted gross income of less than $7,500, the standard deduction is $5,200. For a single individual who has a Wisconsin adjusted gross income of at least $7,500 but not more than $50,830, the standard deduction is the amount obtained by subtracting from $5,200 12% of Wisconsin adjusted gross income in excess of $7,500 but not less than $0. For a single individual who has a Wisconsin adjusted gross income of more than $50,830, the standard deduction is $0. For a head of household who has a Wisconsin adjusted gross income of less than $7,500, the standard deduction is $7,040. For a head of household who has a Wisconsin adjusted gross income of at least $7,500 but not more than $25,000, the standard deduction is the amount obtained by subtracting from $7,040 22.515% of Wisconsin adjusted gross income in excess of $7,500 but not less than $0, until the adjusted gross income amount at which the standard deduction is equal to the standard deduction for a single individual at the same adjusted gross income amount. For a head of household who has a Wisconsin adjusted gross income of more than $25,000 this amount, the standard deduction shall be calculated as if the head of household were a single individual. For a married couple filing jointly that has an aggregate Wisconsin adjusted gross income of less than $10,000, the standard deduction is $8,900. For a married couple filing jointly that has an aggregate Wisconsin adjusted gross income of at least $10,000 but not more than $55,000, the standard deduction is the amount obtained by subtracting from $8,900 19.778% of aggregate Wisconsin adjusted gross income in excess of $10,000 but not less than $0. For a married couple filing jointly that has an aggregate Wisconsin adjusted gross income of more than $55,000, the standard deduction is $0. For a married individual filing separately who has a Wisconsin adjusted gross income of less than $4,750, the standard deduction is $4,230. For a married individual filing separately who has a Wisconsin adjusted gross income of at least $4,750 but not more than $26,140, the standard deduction is the amount obtained by subtracting from $4,230 19.778% of Wisconsin adjusted gross income in excess of $4,750 but not less than $0. For a married individual filing separately who has a Wisconsin adjusted gross income of more than $26,140, the standard deduction is $0. The secretary of revenue shall prepare a table under which deductions under this paragraph shall be determined. That table shall be published in the department's instructional booklets.

AB133-SSA1, s. 1690 Section 1690. 71.05 (22) (dp) of the statutes is created to read:

AB133-SSA1,838,24 71.05 (22) (dp) Deduction limits, 2000 and thereafter. Except as provided in par. (f), for taxable years beginning after December 31, 1999, the Wisconsin standard deduction is whichever of the following amounts is appropriate. For a single individual who has a Wisconsin adjusted gross income of less than $10,380, the standard deduction is $7,200. For a single individual who has a Wisconsin adjusted gross income of at least $10,380, the standard deduction is the amount obtained by subtracting from $7,200 12% of Wisconsin adjusted gross income in excess of $10,380 but not less than $0. For a head of household who has a Wisconsin adjusted gross income of less than $10,380, the standard deduction is $9,300. For a head of household who has a Wisconsin adjusted gross income of at least $10,380, the standard deduction is the amount obtained by subtracting from $9,300 22.515% of Wisconsin adjusted gross income in excess of $10,380, but not less than $0, until the adjusted gross income amount at which the standard deduction is equal to the standard deduction for a single individual at the same adjusted gross income amount. For a head of household who has a Wisconsin adjusted gross income of more than this amount, the standard deduction shall be calculated as if the head of household were a single individual. For a married couple filing jointly that has an aggregate Wisconsin adjusted gross income of less than $14,570, the standard deduction is $12,970. For a married couple filing jointly that has an aggregate Wisconsin adjusted gross income of at least $14,570, the standard deduction is the amount obtained by subtracting from $12,970 19.778% of aggregate Wisconsin adjusted gross income in excess of $14,570 but not less than $0. For a married individual filing separately who has a Wisconsin adjusted gross income of less than $6,920, the standard deduction is $6,160. For a married individual filing separately who has a Wisconsin adjusted gross income of at least $6,920, the standard deduction is the amount obtained by subtracting from $6,160 19.778% of Wisconsin adjusted gross income in excess of $6,920 but not less than $0. The secretary of revenue shall prepare a table under which deductions under this paragraph shall be determined. That table shall be published in the department's instructional booklets.

AB133-SSA1, s. 1691 Section 1691. 71.05 (22) (ds) of the statutes is amended to read:

AB133-SSA1,839,14 71.05 (22) (ds) Standard deduction indexing. For taxable years beginning after December 31, 1998, and before January 1, 2000, the dollar amounts of the standard deduction that is allowable under par. (dm) and all of the dollar amounts of Wisconsin adjusted gross income under par. (dm) shall be increased each year by a percentage equal to the percentage change between the U.S. consumer price index for all urban consumers, U.S. city average, for the month of August of the previous year and the U.S. consumer price index for all urban consumers, U.S. city average, for the month of August of the year before the previous year, as determined by the federal department of labor. Each amount that is revised under this paragraph shall be rounded to the nearest multiple of $10 if the revised amount is not a multiple of $10 or, if the revised amount is a multiple of $5, such an amount shall be increased to the next higher multiple of $10. The department of revenue shall annually adjust the changes in dollar amounts required under this paragraph and incorporate the changes into the income tax forms and instructions.

AB133-SSA1, s. 1691c Section 1691c. 71.05 (22) (dt) of the statutes is created to read:

AB133-SSA1,840,4 71.05 (22) (dt) Standard deduction indexing, 2001 and thereafter. For taxable years beginning after December 31, 2000, the dollar amounts of the standard deduction that is allowable under par. (dp) and all of the dollar amounts of Wisconsin adjusted gross income under par. (dp) shall be increased each year by a percentage equal to the percentage change between the U.S. consumer price index for all urban consumers, U.S. city average, for the month of August of the previous year and the U.S. consumer price index for all urban consumers, U.S. city average, for the month of August 1999, as determined by the federal department of labor. Each amount that is revised under this paragraph shall be rounded to the nearest multiple of $10 if the revised amount is not a multiple of $10 or, if the revised amount is a multiple of $5, such an amount shall be increased to the next higher multiple of $10. The department of revenue shall annually adjust the changes in dollar amounts required under this paragraph and incorporate the changes into the income tax forms and instructions.

AB133-SSA1, s. 1692 Section 1692. 71.05 (22) (f) 4. b. of the statutes is amended to read:

AB133-SSA1,840,7 71.05 (22) (f) 4. b. The standard deduction that may be claimed by an individual under par. (dm) or (dp), based on the individual's filing status.

AB133-SSA1, s. 1693 Section 1693. 71.05 (23) of the statutes is created to read:

AB133-SSA1,840,10 71.05 (23) Personal exemptions. In computing Wisconsin taxable income, an individual taxpayer may subtract the following amounts:

AB133-SSA1,840,12 (a) For taxable years that begin after December 31, 1999, and before January 1, 2001:

AB133-SSA1,840,15 1. A personal exemption of $600 if the taxpayer is required to file a return under s. 71.03 (2) (a) 1. or 2. and $600 for the taxpayer's spouse, except if the spouse is filing separately or as a head of household.

AB133-SSA1,840,18 2. An exemption of $600 for each individual for whom the taxpayer is entitled to an exemption for the taxable year under section 151 (c) of the Internal Revenue Code.

AB133-SSA1,840,23 3. An additional exemption of $200 if the taxpayer has reached the age of 65 before the close of the taxable year to which his or her tax return relates and $200 for the taxpayer's spouse if he or she has reached the age of 65 before the close of the taxable year to which his or her tax return relates, except if the spouse is filing separately or as a head of household.

AB133-SSA1,840,24 (b) For taxable years that begin after December 31, 2000:

AB133-SSA1,841,3 1. A personal exemption of $700 if the taxpayer is required to file a return under s. 71.03 (2) (a) 1. or 2. and $700 for the taxpayer's spouse, except if the spouse is filing separately or as a head of household.

AB133-SSA1,841,6 2. An exemption of $700 for each individual for whom the taxpayer is entitled to an exemption for the taxable year under section 151 (c) of the Internal Revenue Code.

AB133-SSA1,841,11 3. An additional exemption of $250 if the taxpayer has reached the age of 65 before the close of the taxable year to which his or her tax return relates and $250 for the taxpayer's spouse if he or she has reached the age of 65 before the close of the taxable year to which his or her tax return relates, except if the spouse is filing separately or as a head of household.

AB133-SSA1,841,24 (c) With respect to persons who change their domicile into or from this state during the taxable year and nonresident persons, personal exemptions under pars. (a) and (b) shall be limited to the fraction of the amount so determined that Wisconsin adjusted gross income is of federal adjusted gross income. In this paragraph, for married persons filing separately "adjusted gross income" means the separate adjusted gross income of each spouse and for married persons filing jointly "adjusted gross income" means the total adjusted gross income of both spouses. If a person and that person's spouse are not both domiciled in this state during the entire taxable year, their personal exemptions on a joint return are determined by multiplying the personal exemption that would be available to each of them if they were both domiciled in this state during the entire taxable year by a fraction the numerator of which is their joint Wisconsin adjusted gross income and the denominator of which is their joint federal adjusted gross income.

AB133-SSA1, s. 1694 Section 1694. 71.06 (1m) (intro.) of the statutes is amended to read:

AB133-SSA1,842,6 71.06 (1m) Fiduciaries, single individuals and heads of households; after 1997 to 1999. (intro.) The tax to be assessed, levied and collected upon the taxable incomes of all fiduciaries, except fiduciaries of nuclear decommissioning trust or reserve funds, and single individuals and heads of households shall be computed at the following rates for taxable years beginning after December 31, 1997, and before January 1, 2000:

AB133-SSA1, s. 1695 Section 1695. 71.06 (1n) of the statutes is created to read:

AB133-SSA1,842,12 71.06 (1n) Fiduciaries, single individuals and heads of households; 2000. The tax to be assessed, levied and collected upon the taxable incomes of all fiduciaries, except fiduciaries of nuclear decommissioning trust or reserve funds, and single individuals and heads of households shall be computed at the following rates for taxable years beginning after December 31, 1999, and before January 1, 2001:

AB133-SSA1,842,13 (a) On all taxable income from $0 to $7,500, 4.73%.

AB133-SSA1,842,14 (b) On all taxable income exceeding $7,500 but not exceeding $15,000, 6.33%.

AB133-SSA1,842,15 (c) On all taxable income exceeding $15,000 but not exceeding $112,500, 6.55%.

AB133-SSA1,842,16 (d) On all taxable income exceeding $112,500, 6.75%.

AB133-SSA1, s. 1696 Section 1696. 71.06 (1p) of the statutes is created to read:

AB133-SSA1,842,22 71.06 (1p) Fiduciaries, single individuals and heads of households; after 2000. The tax to be assessed, levied and collected upon the taxable incomes of all fiduciaries, except fiduciaries of nuclear decommissioning trust or reserve funds, and single individuals and heads of households shall be computed at the following rates for taxable years beginning after December 31, 2000:

AB133-SSA1,842,23 (a) On all taxable income from $0 to $7,500, 4.6%.

AB133-SSA1,842,24 (b) On all taxable income exceeding $7,500 but not exceeding $15,000, 6.15%.

AB133-SSA1,842,25 (c) On all taxable income exceeding $15,000 but not exceeding $112,500, 6.5%.

AB133-SSA1,843,1 (d) On all taxable income exceeding $112,500, 6.75%.

AB133-SSA1, s. 1697 Section 1697. 71.06 (2) (c) (intro.) of the statutes is amended to read:

AB133-SSA1,843,4 71.06 (2) (c) (intro.) For joint returns, for taxable years beginning after December 31, 1997, and before January 1, 2000:

AB133-SSA1, s. 1698 Section 1698. 71.06 (2) (d) (intro.) of the statutes is amended to read:

AB133-SSA1,843,7 71.06 (2) (d) (intro.) For married persons filing separately, for taxable years beginning after December 31, 1997, and before January 1, 2000:

AB133-SSA1, s. 1699 Section 1699. 71.06 (2) (e) of the statutes is created to read:

AB133-SSA1,843,10 71.06 (2) (e) For joint returns, for taxable years beginning after December 31, 1999, and before January 1, 2001:

AB133-SSA1,843,11 1. On all taxable income from $0 to $10,000, 4.73%.

AB133-SSA1,843,12 2. On all taxable income exceeding $10,000 but not exceeding $20,000, 6.33%.

AB133-SSA1,843,13 3. On all taxable income exceeding $20,000 but not exceeding $150,000, 6.55%.

AB133-SSA1,843,14 4. On all taxable income exceeding $150,000, 6.75%.

AB133-SSA1, s. 1700 Section 1700. 71.06 (2) (f) of the statutes is created to read:

AB133-SSA1,843,17 71.06 (2) (f) For married persons filing separately, for taxable years beginning after December 31, 1999, and before January 1, 2001:

AB133-SSA1,843,18 1. On all taxable income from $0 to $5,000, 4.73%.

AB133-SSA1,843,19 2. On all taxable income exceeding $5,000 but not exceeding $10,000, 6.33%.

AB133-SSA1,843,20 3. On all taxable income exceeding $10,000 but not exceeding $75,000, 6.55%.

AB133-SSA1,843,21 4. On all taxable income exceeding $75,000, 6.75%.

AB133-SSA1, s. 1701 Section 1701. 71.06 (2) (g) of the statutes is created to read:

AB133-SSA1,843,24 71.06 (2) (g) For joint returns, for taxable years beginning after December 31, 2000:

AB133-SSA1,843,25 1. On all taxable income from $0 to $10,000, 4.6%.

AB133-SSA1,844,1 2. On all taxable income exceeding $10,000 but not exceeding $20,000, 6.15%.

AB133-SSA1,844,2 3. On all taxable income exceeding $20,000 but not exceeding $150,000, 6.5%.

AB133-SSA1,844,3 4. On all taxable income exceeding $150,000, 6.75%.

AB133-SSA1, s. 1702 Section 1702. 71.06 (2) (h) of the statutes is created to read:

AB133-SSA1,844,6 71.06 (2) (h) For married persons filing separately, for taxable years beginning after December 31, 2000:

AB133-SSA1,844,7 1. On all taxable income from $0 to $5,000, 4.6%.

AB133-SSA1,844,8 2. On all taxable income exceeding $5,000 but not exceeding $10,000, 6.15%.

AB133-SSA1,844,9 3. On all taxable income exceeding $10,000 but not exceeding $75,000, 6.5%.

AB133-SSA1,844,10 4. On all taxable income exceeding $75,000, 6.75%.

AB133-SSA1, s. 1703 Section 1703. 71.06 (2e) of the statutes is amended to read:

AB133-SSA1,845,9 71.06 (2e) Bracket indexing. For taxable years beginning after December 31, 1998, and before January 1, 2000, the maximum dollar amount in each tax bracket, and the corresponding minimum dollar amount in the next bracket, under subs. (1m) and (2) (c) and (d), and for taxable years beginning after December 31, 1999, the maximum dollar amount in each tax bracket, and the corresponding minimum dollar amount in the next bracket, under subs. (1n), (1p) and (2) (e), (f), (g) and (h), shall be increased each year by a percentage equal to the percentage change between the U.S. consumer price index for all urban consumers, U.S. city average, for the month of August of the previous year and the U.S. consumer price index for all urban consumers, U.S. city average, for the month of August of the year before the previous year 1997, as determined by the federal department of labor, except that for taxable years beginning after December 31, 2000, the dollar amount in the top bracket under subs. (1p) (c) and (d), (2) (g) 3. and 4. and (h) 3. and 4. shall be increased each year by a percentage equal to the percentage change between the U.S. consumer price index for all urban consumers, U.S. city average, for the month of August of the previous year and the U.S. consumer price index for all urban consumers, U.S. city average, for the month of August 1999, as determined by the federal department of labor. Each amount that is revised under this subsection shall be rounded to the nearest multiple of $10 if the revised amount is not a multiple of $10 or, if the revised amount is a multiple of $5, such an amount shall be increased to the next higher multiple of $10. The department of revenue shall annually adjust the changes in dollar amounts required under this subsection and incorporate the changes into the income tax forms and instructions.

AB133-SSA1, s. 1704 Section 1704. 71.06 (2m) of the statutes is amended to read:

AB133-SSA1,845,14 71.06 (2m) Rate changes. If a rate under sub. (1), (1m), (1n), (1p) or (2) changes during a taxable year, the taxpayer shall compute the tax for that taxable year by the methods applicable to the federal income tax under section 15 of the internal revenue code.

AB133-SSA1, s. 1705 Section 1705. 71.06 (2s) (b) of the statutes is amended to read:

AB133-SSA1,846,3 71.06 (2s) (b) For taxable years beginning after December 31, 1997, and before January 1, 2000, with respect to nonresident individuals, including individuals changing their domicile into or from this state, the tax brackets under subs. (1m) and (2) (c) and (d) shall be multiplied by a fraction, the numerator of which is Wisconsin adjusted gross income and the denominator of which is federal adjusted gross income. In this paragraph, for married persons filing separately "adjusted gross income" means the separate adjusted gross income of each spouse, and for married persons filing jointly "adjusted gross income" means the total adjusted gross income of both spouses. If an individual and that individual's spouse are not both domiciled in this state during the entire taxable year, the tax brackets under subs. (1m) and (2) (c) and (d) on a joint return shall be multiplied by a fraction, the numerator of which is their joint Wisconsin adjusted gross income and the denominator of which is their joint federal adjusted gross income.

AB133-SSA1, s. 1706 Section 1706. 71.06 (2s) (c) of the statutes is created to read:

AB133-SSA1,846,17 71.06 (2s) (c) For taxable years beginning after December 31, 1999, and before January 1, 2001, with respect to nonresident individuals, including individuals changing their domicile into or from this state, the tax brackets under subs. (1n) and (2) (e) and (f) shall be multiplied by a fraction, the numerator of which is Wisconsin adjusted gross income and the denominator of which is federal adjusted gross income. In this paragraph, for married persons filing separately "adjusted gross income" means the separate adjusted gross income of each spouse, and for married persons filing jointly "adjusted gross income" means the total adjusted gross income of both spouses. If an individual and that individual's spouse are not both domiciled in this state during the entire taxable year, the tax brackets under subs. (1n) and (2) (e) and (f) on a joint return shall be multiplied by a fraction, the numerator of which is their joint Wisconsin adjusted gross income and the denominator of which is their joint federal adjusted gross income.

AB133-SSA1, s. 1707 Section 1707. 71.06 (2s) (d) of the statutes is created to read:

AB133-SSA1,847,6 71.06 (2s) (d) For taxable years beginning after December 31, 2000, with respect to nonresident individuals, including individuals changing their domicile into or from this state, the tax brackets under subs. (1p) and (2) (g) and (h) shall be multiplied by a fraction, the numerator of which is Wisconsin adjusted gross income and the denominator of which is federal adjusted gross income. In this paragraph, for married persons filing separately "adjusted gross income" means the separate adjusted gross income of each spouse, and for married persons filing jointly "adjusted gross income" means the total adjusted gross income of both spouses. If an individual and that individual's spouse are not both domiciled in this state during the entire taxable year, the tax brackets under subs. (1p) and (2) (g) and (h) on a joint return shall be multiplied by a fraction, the numerator of which is their joint Wisconsin adjusted gross income and the denominator of which is their joint federal adjusted gross income.

AB133-SSA1, s. 1707t Section 1707t. 71.07 (2dj) (am) 1. of the statutes is amended to read:

AB133-SSA1,847,12 71.07 (2dj) (am) 1. Modify "member of a targeted group", as defined in section 51 (d) of the internal revenue code as amended to December 31, 1995, to include persons unemployed as a result of a business action subject to s. 109.07 (1m) and persons specified under 29 USC 1651 (a) dislocated workers, as defined in 29 USC 2801 (9), and to require a member of a targeted group to be a resident of this state.

AB133-SSA1, s. 1707v Section 1707v. 71.07 (2dj) (am) 2. of the statutes is amended to read:

AB133-SSA1,847,19 71.07 (2dj) (am) 2. Modify "designated local agency", as defined in section 51 (d) (15) of the internal revenue code, to include the job training partnership act organization local workforce development board established under 29 USC 2832 for the area that includes the development zone in which the employe in respect to whom the credit under this subsection is claimed works, if the department of commerce approves the criteria used for certification, and the department of commerce.