The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
(ce) Health savings accounts.
Any person who is liable for a penalty for federal income tax purposes under section 223
(f) (4) of the Internal Revenue Code is liable for a penalty equal to 33 percent of that penalty. The department of revenue shall assess, levy, and collect the penalty under this paragraph as it assesses, levies, and collects taxes under this chapter.
(1) Health savings accounts.
(f) (5) (A), 223
, and 408
(d) (9) of the Internal Revenue Code, all as amended to December 31, 2010, and relating to health savings accounts.
(1) This act first applies to taxable years beginning on January 1, 2011.