SB45: Bill Text

LRB-1159/1

MES&EKL:amn

2019 - 2020 LEGISLATURE

2019 Senate BILL 45

February 25, 2019 - Introduced by Senators Jacque, Carpenter, Cowles, Darling, Feyen, Nass, Olsen and L. Taylor, cosponsored by Representatives Stafsholt, Doyle, Allen, Brandtjen, Brooks, Dittrich, Edming, Gundrum, Horlacher, Jagler, Knodl, Kuglitsch, Magnafici, Mursau, Oldenburg, Petryk, Quinn, Ramthun, Skowronski, Sortwell, Subeck, Thiesfeldt, Tranel, Tusler, Wichgers and Zimmerman. Referred to Committee on Agriculture, Revenue and Financial Institutions.

SB45,1,3 An Act to create 71.05 (6) (b) 54., 71.26 (1) (i) and 71.45 (1) (d) of the statutes; relating to: creating individual and corporate income and franchise tax deductions for tuition paid for apprenticeship programs.

Analysis by the Legislative Reference Bureau

This bill creates an income and franchise tax deduction for tuition expenses paid by an individual, including a sole proprietor, or corporation for an individual to participate in an apprenticeship program that is approved by the Department of Workforce Development. If the deduction is claimed by an individual, the participant in the apprenticeship program must be the individual or his or her dependent. The deduction first applies to taxable years beginning after December 31, 2019.

Because this bill relates to an exemption from state or local taxes, it may be referred to the Joint Survey Committee on Tax Exemptions for a report to be printed as an appendix to the bill.

For further information see the state fiscal estimate, which will be printed as an appendix to this bill.

The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:

SB45,1 Section 1 . 71.05 (6) (b) 54. of the statutes is created to read:

SB45,2,5 71.05 (6) (b) 54. a. Subject to the definitions provided in subd. 54. b. to d., for taxable years beginning after December 31, 2019, tuition expenses that are paid in the year to which the claim relates by a claimant for the claimant or the claimant's dependent, or both, or, if a self-employed individual, for a claimant's employee, to participate in an apprenticeship program.

SB45,2,7 b. In this subdivision “apprenticeship program" has the meaning given in s. 106.001 (4).

SB45,2,9 c. In this subdivision, “claimant" means an individual who files a claim under this subdivision.

SB45,2,12 d. In this subdivision, “dependent" means an individual claimed by a claimant as a dependent under section 151 (c) of the Internal Revenue Code on his or her tax return.

SB45,2 Section 2. 71.26 (1) (i) of the statutes is created to read:

SB45,2,17 71.26 (1) (i) Apprenticeship program tuition payments. For taxable years beginning after December 31, 2019, an amount equal to the amount the taxpayer paid in the taxable year for tuition expenses for an individual to participate in an apprenticeship program, as defined in s. 106.001 (4).

SB45,3 Section 3. 71.45 (1) (d) of the statutes is created to read:

SB45,2,21 71.45 (1) (d) For taxable years beginning after December 31, 2019, an amount equal to the amount the taxpayer paid in the taxable year for tuition expenses for an individual to participate in an apprenticeship program, as defined in s. 106.001 (4).

SB45,2,22 (End)