AB133-SSA1,844,1
12. On all taxable income exceeding $10,000 but not exceeding $20,000, 6.15%.
AB133-SSA1,844,22
3. On all taxable income exceeding $20,000 but not exceeding $150,000, 6.5%.
AB133-SSA1,844,33
4. On all taxable income exceeding $150,000, 6.75%.
AB133-SSA1,844,65
71.06
(2) (h) For married persons filing separately, for taxable years beginning
6after December 31, 2000:
AB133-SSA1,844,77
1. On all taxable income from $0 to $5,000, 4.6%.
AB133-SSA1,844,88
2. On all taxable income exceeding $5,000 but not exceeding $10,000, 6.15%.
AB133-SSA1,844,99
3. On all taxable income exceeding $10,000 but not exceeding $75,000, 6.5%.
AB133-SSA1,844,1010
4. On all taxable income exceeding $75,000, 6.75%.
AB133-SSA1,845,912
71.06
(2e) Bracket indexing. For taxable years beginning after December 31,
131998,
and before January 1, 2000, the maximum dollar amount in each tax bracket,
14and the corresponding minimum dollar amount in the next bracket, under subs. (1m)
15and (2) (c) and (d)
, and for taxable years beginning after December 31, 1999, the
16maximum dollar amount in each tax bracket, and the corresponding minimum dollar
17amount in the next bracket, under subs. (1n), (1p) and (2) (e), (f), (g) and (h), shall be
18increased each year by a percentage equal to the percentage change between the U.S.
19consumer price index for all urban consumers, U.S. city average, for the month of
20August of the previous year and the U.S. consumer price index for all urban
21consumers, U.S. city average, for the month of August
of the year before the previous
22year 1997, as determined by the federal department of labor
, except that for taxable
23years beginning after December 31, 2000, the dollar amount in the top bracket under
24subs. (1p) (c) and (d), (2) (g) 3. and 4. and (h) 3. and 4. shall be increased each year
25by a percentage equal to the percentage change between the U.S. consumer price
1index for all urban consumers, U.S. city average, for the month of August of the
2previous year and the U.S. consumer price index for all urban consumers, U.S. city
3average, for the month of August 1999, as determined by the federal department of
4labor. Each amount that is revised under this subsection shall be rounded to the
5nearest multiple of $10 if the revised amount is not a multiple of $10 or, if the revised
6amount is a multiple of $5, such an amount shall be increased to the next higher
7multiple of $10. The department of revenue shall annually adjust the changes in
8dollar amounts required under this subsection and incorporate the changes into the
9income tax forms and instructions.
AB133-SSA1,845,1411
71.06
(2m) Rate changes. If a rate under sub. (1), (1m)
, (1n), (1p) or (2) changes
12during a taxable year, the taxpayer shall compute the tax for that taxable year by the
13methods applicable to the federal income tax under section
15 of the internal revenue
14code.
AB133-SSA1,846,316
71.06
(2s) (b) For taxable years beginning after December 31, 1997,
and before
17January 1, 2000, with respect to nonresident individuals, including individuals
18changing their domicile into or from this state, the tax brackets under subs. (1m) and
19(2) (c) and (d) shall be multiplied by a fraction, the numerator of which is Wisconsin
20adjusted gross income and the denominator of which is federal adjusted gross
21income. In this paragraph, for married persons filing separately "adjusted gross
22income" means the separate adjusted gross income of each spouse, and for married
23persons filing jointly "adjusted gross income" means the total adjusted gross income
24of both spouses. If an individual and that individual's spouse are not both domiciled
25in this state during the entire taxable year, the tax brackets under subs. (1m) and
1(2) (c) and (d) on a joint return shall be multiplied by a fraction, the numerator of
2which is their joint Wisconsin adjusted gross income and the denominator of which
3is their joint federal adjusted gross income.
AB133-SSA1,846,175
71.06
(2s) (c) For taxable years beginning after December 31, 1999, and before
6January 1, 2001, with respect to nonresident individuals, including individuals
7changing their domicile into or from this state, the tax brackets under subs. (1n) and
8(2) (e) and (f) shall be multiplied by a fraction, the numerator of which is Wisconsin
9adjusted gross income and the denominator of which is federal adjusted gross
10income. In this paragraph, for married persons filing separately "adjusted gross
11income" means the separate adjusted gross income of each spouse, and for married
12persons filing jointly "adjusted gross income" means the total adjusted gross income
13of both spouses. If an individual and that individual's spouse are not both domiciled
14in this state during the entire taxable year, the tax brackets under subs. (1n) and (2)
15(e) and (f) on a joint return shall be multiplied by a fraction, the numerator of which
16is their joint Wisconsin adjusted gross income and the denominator of which is their
17joint federal adjusted gross income.
AB133-SSA1,847,619
71.06
(2s) (d) For taxable years beginning after December 31, 2000, with
20respect to nonresident individuals, including individuals changing their domicile
21into or from this state, the tax brackets under subs. (1p) and (2) (g) and (h) shall be
22multiplied by a fraction, the numerator of which is Wisconsin adjusted gross income
23and the denominator of which is federal adjusted gross income. In this paragraph,
24for married persons filing separately "adjusted gross income" means the separate
25adjusted gross income of each spouse, and for married persons filing jointly "adjusted
1gross income" means the total adjusted gross income of both spouses. If an individual
2and that individual's spouse are not both domiciled in this state during the entire
3taxable year, the tax brackets under subs. (1p) and (2) (g) and (h) on a joint return
4shall be multiplied by a fraction, the numerator of which is their joint Wisconsin
5adjusted gross income and the denominator of which is their joint federal adjusted
6gross income.
AB133-SSA1,847,128
71.07
(2dj) (am) 1. Modify "member of a targeted group", as defined in section
951 (d) of the internal revenue code as amended to December 31, 1995, to include
10persons unemployed as a result of a business action subject to s. 109.07 (1m) and
11persons specified under 29 USC 1651 (a) dislocated workers, as defined in 29 USC
122801 (9), and to require a member of a targeted group to be a resident of this state.
AB133-SSA1,847,1914
71.07
(2dj) (am) 2. Modify "designated local agency", as defined in section
51 15(d) (15) of the internal revenue code, to include the
job training partnership act
16organization local workforce development board established under 29 USC 2832 for
17the area that includes the development zone in which the employe in respect to whom
18the credit under this subsection is claimed works, if the department of commerce
19approves the criteria used for certification, and the department of commerce.
AB133-SSA1,847,2321
71.07
(2dj) (am) 3. Modify the rule for certification under section
51 (d) (16) (A)
22of the internal revenue code to allow certification within the
90-day period beginning
23with the first day of employment of the employe
by the claimant.
AB133-SSA1,848,4
171.07
(2dx) (b)
Credit. (intro.) Except as provided in s. 73.03 (35) and subject
2to s. 560.785, for any taxable year for which the person is certified under s. 560.765
3(3), any person may claim as a credit against taxes
imposed on the person's income
4from the person's business activities in a development zone the following amounts:
AB133-SSA1,848,116
71.07
(2dx) (b) 4. The amount determined by multiplying the amount
7determined under s. 560.785 (1)
(b) (bm) by the number of full-time jobs retained,
8as provided in the rules under s. 560.785, excluding jobs for which a credit has been
9claimed under sub. (2dj), in
a an enterprise development zone
under s. 560.797 and
10filled by a member of a targeted group for which significant capital investment was
11made and by then subtracting the subsidies paid under s. 49.147 (3) (a) for those jobs.
AB133-SSA1,848,1413
71.07
(2dy) Sustainable urban development zone credit. (a)
Definitions. In
14this subsection:
AB133-SSA1,848,1515
1. "Brownfield" has the meaning given in sub. (2dx) (a) 1.
AB133-SSA1,848,2016
2. "Environmental remediation" means removal or containment of
17environmental pollution, as defined in s. 299.01 (4), and restoration of soil or
18groundwater that is affected by environmental pollution, as defined in s. 299.01 (4),
19in a brownfield and investigation unless the investigation determines that
20remediation is required but remediation is not undertaken.
AB133-SSA1,848,2421
(b)
Credit. For any taxable year for which the person is certified under s. 292.77
22(5), a person may claim as a credit against taxes imposed under this subchapter 50%
23of the amount expended for environmental remediation under the program under s.
24292.77.
AB133-SSA1,849,2
1(c)
Administration. Subsection (2dx) (c), (d) and (e), as it applies to the credit
2under sub. (2dx), applies to the credit under this subsection.
AB133-SSA1,849,74
71.07
(3m) (a) 1. b. For partnerships except publicly traded partnerships
5treated as corporations under s. 71.22
(1) (1g), or limited liability companies, except
6limited liability companies treated as corporations under s. 71.22
(1) (1g), "claimant"
7means each individual partner or member.
AB133-SSA1,849,139
71.07
(5) (a) 7. Miscellaneous itemized deductions under the Internal Revenue
10Code, without regard to whether such deductions are subject to the 2% floor as
11described in section
67 of the Internal Revenue Code, except that the general
12prohibition in this subdivision does not apply to dues paid to a professional society
13or a labor union.
AB133-SSA1,849,1715
71.07
(5) (a) 8. Any employment-related educational expense that is claimed
16as an itemized deduction under the Internal Revenue Code to the extent that such
17an amount is also claimed as a subtract modification under s. 71.05 (6) (b) 28.
AB133-SSA1,849,2019
71.07
(5m) (e)
Sunset. No new claim may be filed under this subsection for a
20taxable year that begins after December 31, 1999.
AB133-SSA1,849,2422
71.07
(6) (am) 2. c. For taxable years beginning after December 31, 1999, and
23before January 1, 2001, 2.75% of the earned income of the spouse with the lower
24earned income, but not more than
$385 $440.
AB133-SSA1,850,3
171.07
(6) (am) 2. d. For taxable years beginning after December 31, 2000, 3%
2of the earned income of the spouse with the lower earned income, but not more than
3$420 $480.
AB133-SSA1,850,65
71.07
(8) (d) No new claim may be filed under this subsection for a taxable year
6that begins after December 31, 1999.
AB133-SSA1,850,98
71.07
(9) (g) No new claim may be filed under this subsection for a taxable year
9that begins after December 31, 1999.
AB133-SSA1,850,1611
71.07
(9e) (f) Except as provided in s. 71.80 (3) and (3m), if the allowable
12amount of the claim under this subsection exceeds the taxes otherwise due under this
13chapter or no taxes are due under this chapter, the amount of the claim not used to
14offset taxes due shall be certified by the department of revenue to the department
15of administration for payment by check, share draft or other draft drawn from the
16appropriation under s. 20.835 (2) (f)
or (kf).
AB133-SSA1,850,2218
71.07
(10) Credits not allowed. The credits under s. 71.28 (4) and (5) may not
19be claimed by partners, including partners of a publicly traded partnership treated
20as a corporation under s. 71.22
(1) (1g), members of a limited liability company,
21including members of a limited liability company treated as a corporation under s.
2277.22
(1) (1g), or shareholders of a tax-option corporation.
AB133-SSA1,851,724
71.08
(1) Imposition. (intro.) If the tax imposed on a natural person, married
25couple filing jointly, trust or estate under s. 71.02, not considering the credits under
1ss. 71.07 (1), (2dd), (2de), (2di), (2dj), (2dL), (2dr), (2ds), (2dx),
(2dy), (2fd), (3m), (3s),
2(6) and (9e), 71.28 (1dd), (1de), (1di), (1dj), (1dL), (1ds), (1dx),
(1dy), (1fd), (2m) and
3(3) and 71.47 (1dd), (1de), (1di), (1dj), (1dL), (1ds), (1dx),
(1dy), (1fd), (2m) and (3) and
4subchs. VIII and IX and payments to other states under s. 71.07 (7), is less than the
5tax under this section, there is imposed on that natural person, married couple filing
6jointly, trust or estate, instead of the tax under s. 71.02, an alternative minimum tax
7computed as follows:
AB133-SSA1,851,99
71.10
(4) (gv) Sustainable urban development zone credit under s. 71.07 (2dy).
AB133-SSA1,851,1611
71.10
(5) (am)
Gray wolf as endangered or threatened species. For purposes of
12the part of the endangered resources program that provides for wildlife damage
13control and the payments of claims for damage associated with endangered or
14threatened species, the gray wolf shall be considered an endangered or threatened
15species regardless of whether it is listed as endangered or threatened under s. 29.604
16(3).
AB133-SSA1,851,21
1871.125 Imposition of tax. (1) Except as provided in sub. (2), the tax imposed
19by this chapter on individuals and the rates under s. 71.06 (1), (1m)
, (1n), (1p) and
20(2) shall apply to the Wisconsin taxable income of estates or trusts, except nuclear
21decommissioning trust or reserve funds, and that tax shall be paid by the fiduciary.
AB133-SSA1,852,2
22(2) Each electing small business trust, as defined in section
1361 (e) (1) of the
23Internal Revenue Code, is subject to tax at the highest rate under s. 71.06 (1)
or under
24s. 71.06, (1m),
(1n) or (1p), whichever taxable year is applicable, on its income as
1computed under section
641 of the Internal Revenue Code, as modified by s. 71.05
2(6) to (12), (19) and (20).
AB133-SSA1,852,104
71.14
(3) (intro.) Except as provided in sub. (2) and s. 71.04 (1) (b) 2.,
trusts
5created by contract, declaration of trust or implication of law shall be considered
6resident at the place where the trust is being administered. The following trusts
7shall be considered to be administered in the state of domicile of the corporate trustee
8of the trust at any time that the grantor of the trust is not a resident of this state
and
9subject to sub. (3m), only the following trusts, or portions of trusts, shall be
10considered resident of this state:
AB133-SSA1,852,1812
71.14
(3) (a) Trusts
that have any assets invested in a common trust fund, as
13defined in section 584 of the internal revenue code, maintained by a bank or trust
14company domiciled in this state that is a member of the same affiliated group, as
15defined in section 1504 of the internal revenue code, as the corporate trustee the
16assets of which consist of property placed in the trust by a person who is a resident
17of this state at the time the property was placed in the trust if, at the time the assets
18were placed in the trust, the trust was irrevocable.
AB133-SSA1,853,220
71.14
(3) (b)
Trusts Irrevocable trusts, the assets of which
in whole or in part
21are managed, or about which investment decisions are made, by a corporation
22domiciled in this state if that corporation and the corporate trustee are members of
23the same affiliated group, as defined in section 1504 of the internal revenue code 24consist of property placed in the trust by a person who is a resident of this state at
1the time that the trust became irrevocable if, at the time the property was placed in
2the trust, the trust was revocable.
AB133-SSA1,853,44
71.14
(3m) A trust described under sub. (3):
AB133-SSA1,853,65
(a) Is revocable if the person whose property constitutes the trust may revest
6title to the property in that person.
AB133-SSA1,853,87
(b) Is irrevocable if the power to revest title, as described in par. (a), does not
8exist.
AB133-SSA1,853,1310
71.17
(6) Funeral trusts. If a qualified funeral trust makes the election under
11section
685 of the Internal Revenue Code for federal income tax purposes, that
12election applies for purposes of this chapter and each trust shall compute its own tax
13and shall apply the rates under s. 71.06 (1)
and, (1m)
, (1n) or (1p).
AB133-SSA1,853,18
1571.195 Definition. In this subchapter, "partnership" includes limited liability
16companies and other entities that are treated as partnerships under the Internal
17Revenue Code, and "partnership" does not include publicly traded partnerships
18treated as corporations under s. 71.22
(1) (1g).
AB133-SSA1,853,2220
71.21
(4) Credits computed by a partnership under s. 71.07 (2dd), (2de), (2di),
21(2dj), (2dL), (2ds), (2dx)
, (2dy) and (3s) and passed through to partners shall be added
22to the partnership's income.
AB133-SSA1,854,7
171.22
(1d) "Commercial domicile" means the location of a trade or business
2from which the trade or business is principally managed in the United States,
3regardless of whether the trade or business is organized under the laws of a foreign
4country, the commonwealth of Puerto Rico or any territory or possession of the
5United States. The location of the taxpayer's trade or business at which the greatest
6number of the taxpayer's employes work or are regularly connected, as of the last day
7of the taxable year, is rebuttably presumed to be the taxpayer's commercial domicile.
AB133-SSA1,854,119
71.22
(1r) "Doing business" includes owning a direct or indirect interest in a
10general or limited partnership or limited liability company that transacts in this
11state for pecuniary gain.
AB133-SSA1,854,1713
71.22
(3g) "Intangible property" includes patents, copyrights, trademarks,
14trade names, service names, service marks, logos, franchises, licenses, plans,
15specifications, blueprints, processes, techniques, formulas, designs, layouts,
16patterns, drawings, manuals, customer lists, contracts, technical know-how and
17trade secrets. "Intangible property" does not include securities.
