2021 - 2022 LEGISLATURE
June 7, 2021 - Introduced by Representatives Shelton, Snodgrass, Hong,
Omokunde, Drake, Brostoff, Neubauer, Hebl, Spreitzer, Andraca,
Emerson, Hesselbein, Stubbs, Bowen, Sinicki, Subeck and Cabrera,
cosponsored by Senator Larson. Referred to Committee on Ways and Means.
1An Act to amend
71.10 (4) (i); and
20.835 (2) (er) and 71.07 (8w) of the 2
statutes; relating to: refundable income tax credit for bicycle purchases and
3making an appropriation.
Analysis by the Legislative Reference Bureau
This bill creates a refundable tax credit that may be claimed by individuals who
purchase bicycles for their dependents. The credit is equal to the price paid for each
bicycle, limited to $200 per dependent. The credit may be claimed only by individuals
whose family income does not exceed 200 percent of the federal poverty line. Under
the bill, the individual must submit with his or her tax return any documentation
required by the Department of Revenue regarding the bicycle's purchase price.
Because the credit is refundable, if an individual is eligible to claim an amount as
a credit that exceeds his or her income tax liability, the individual receives the excess
as a refund.
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:
20.835 (2) (er) of the statutes is created to read:
(er) Bicycle credit
. A sum sufficient to make the payments under s. 2
71.07 (8w) of the statutes is created to read:
71.07 (8w) Bicycle credit.
In this subsection:
1. “Claimant" means an individual whose family income does not exceed 200 6
percent of the federal poverty line established under 42 USC 9902
(2) for a family the 7
size of the individual's family and who files a claim under this subsection.
2. “Dependent” has the meaning given in section 152
of the Internal Revenue 9
(b) Filing claims.
Subject to the limitations provided in this subsection, for 11
taxable years beginning after December 31, 2020, a claimant may claim as a credit 12
against the tax imposed under s. 71.02 an amount equal to the amount paid in the 13
taxable year to purchase a bicycle for a dependent of the claimant. If the allowable 14
amount of the claim under this paragraph exceeds the tax otherwise due under s. 15
71.02, the amount of the claim not used to offset the tax due shall be certified by the 16
department of revenue to the department of administration for payment by check, 17
share draft, or other draft drawn from the appropriation under s. 20.835 (2) (er).
1. The maximum credit that a claimant may claim each year 19
under this subsection is $200 per dependent of the claimant.
2. A claimant shall submit with the claimant's return any documentation 21
required by the department regarding the amount paid for each bicycle for which a 22
credit is claimed under this subsection.
3. No credit may be claimed under this subsection by a part-year resident or 24
a nonresident of this state.
4. No credit may be allowed under this subsection unless it is claimed within 2
the period specified in s. 71.75 (2).
5. No credit may be allowed under this subsection for a taxable year covering 4
a period of less than 12 months, except for a taxable year closed by reason of the death 5
of the taxpayer.
. Subsection (9e) (d), to the extent that it applies to the credit 7
under that subsection, applies to the credit under this subsection.
71.10 (4) (i) of the statutes is amended to read:
(i) The total of claim of right credit under s. 71.07 (1), farmland 10
preservation credit under ss. 71.57 to 71.61, farmland preservation credit, 2010 and 11
beyond under s. 71.613, homestead credit under subch. VIII, farmland tax relief 12
credit under s. 71.07 (3m), jobs tax credit under s. 71.07 (3q), business development 13
credit under s. 71.07 (3y), research credit under s. 71.07 (4k) (e) 2. a., veterans and 14
surviving spouses property tax credit under s. 71.07 (6e), bicycle credit under s. 71.07
enterprise zone jobs credit under s. 71.07 (3w), electronics and information 16
technology manufacturing zone credit under s. 71.07 (3wm), earned income tax 17
credit under s. 71.07 (9e), estimated tax payments under s. 71.09, and taxes withheld 18
under subch. X.