Amendment AA8-AB21

AB21-AA8,5,8 2. If the person's federal adjusted gross income is below the phase-out income threshold under par. (at) and the person's earned income is more than the maximum credit income under par. (at) but not more than the phase-out income threshold, the credit shall be the maximum credit income multiplied by 7%.

AB21-AA8,5,14 3. If the person's federal adjusted gross income is below the phase-out income threshold under par. (at) and the person's earned income is more than the phase-out income threshold but not more than the maximum income under par. (at), the credit shall be the amount obtained by subtracting from the maximum credit under par. (at), the amount obtained by multiplying by 5%, the difference between the person's earned income and the phase-out income threshold.

AB21-AA8,5,17 4. If the person's federal adjusted gross income is at or above the phase-out income threshold under par. (at) but not more than the maximum income under par. (at), the credit shall be the lesser of one of the following:

AB21-AA8,5,19 a. If the person's earned income is the maximum credit income under par. (at) or less, the person's earned income multiplied by 7%.

AB21-AA8,5,22 b. If the person's earned income is more than the maximum credit income under par. (at) but not more than the phase-out income threshold under par. (at), the maximum credit income multiplied by 7%.

AB21-AA8,6,2 c. If the person's earned income is more than the phase-out income threshold under par. (at) but not more than the maximum income under par. (at), the amount obtained by subtracting from the maximum credit under par. (at), the amount obtained by multiplying by 5%, the difference between the person's earned income and the phase-out income threshold.

AB21-AA8,6,5 d. The amount obtained by subtracting from the maximum credit under par. (at), the amount obtained by multiplying by 5%, the difference between the person's federal adjusted gross income and the phase-out income threshold under par. (at).

AB21-AA8, s. 11L Section 11L. 71.07 (9e) (ap) (intro.) of the statutes is amended to read:

AB21-AA8,6,12 71.07 (9e) (ap) (intro.) For taxable years beginning on or after January 1, 1994 after December 31, 1993 and before January 1, 1995, a person who has more than 2 qualifying children who have the same principal place of abode as the person may credit against the tax imposed under s. 71.02 an amount equal to the amount calculated by one of the following methods, based on the person's earned income or federal adjusted gross income:

AB21-AA8, s. 11p Section 11p. 71.07 (9e) (ar) of the statutes is created to read:

AB21-AA8,6,18 71.07 (9e) (ar) For taxable years beginning on or after January 1, 1995, a person who has more than 2 qualifying children who have the same principal place of abode as the person may credit against the tax imposed under s. 71.02 an amount equal to the amount calculated by one of the following methods, based on the person's earned income or federal adjusted gross income:

AB21-AA8,6,22 1. If the person's federal adjusted gross income is below the phase-out income threshold under par. (at) and the person's earned income is the maximum credit income under par. (at) or less, the credit shall be the person's earned income multiplied by 21%.

AB21-AA8,7,2 2. If the person's federal adjusted gross income is below the phase-out income threshold under par. (at) and the person's earned income is more than the maximum credit income under par. (at) but not more than the phase-out income threshold, the credit shall be the maximum credit income multiplied by 21%.

AB21-AA8,7,8 3. If the person's federal adjusted gross income is below the phase-out income threshold under par. (at) and the person's earned income is more than the phase-out income threshold but not more than the maximum income under par. (at), the credit shall be the amount obtained by subtracting from the maximum credit under par. (at), the amount obtained by multiplying by 15%, the difference between the person's earned income and the phase-out income threshold.

AB21-AA8,7,11 4. If the person's federal adjusted gross income is at or above the phase-out income threshold under par. (at) but not more than the maximum income under par. (at), the credit shall be the lesser of one of the following:

AB21-AA8,7,13 a. If the person's earned income is the maximum credit income under par. (at) or less, the person's earned income multiplied by 21%.

AB21-AA8,7,16 b. If the person's earned income is more than the maximum credit income under par. (at) but not more than the phase-out income threshold under par. (at), the maximum credit income multiplied by 21%.

AB21-AA8,7,21 c. If the person's earned income is more than the phase-out income threshold under par. (at) but not more than the maximum income under par. (at), the amount obtained by subtracting from the maximum credit under par. (at), the amount obtained by multiplying by 15%, the difference between the person's earned income and the phase-out income threshold.

AB21-AA8,7,24 d. The amount obtained by subtracting from the maximum credit under par. (at), the amount obtained by multiplying by 15%, the difference between the person's federal adjusted gross income and the phase-out income threshold under par. (at).

AB21-AA8, s. 11r Section 11r. 71.07 (9e) (at) 2. of the statutes is amended to read:

AB21-AA8,8,12 71.07 (9e) (at) 2. For taxable years beginning on or after January 1, 1995 1996, the maximum credit income, phase-out income threshold and the maximum income under subd. 1. 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 June of the current year and the U.S. consumer price index for all urban consumers, U.S. city average, for the month of June of 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 adopt by rule the changes in dollar amounts required under this paragraph every year, and incorporate the changes in the income tax forms and instructions.

AB21-AA8, s. 11t Section 11t. 71.07 (9e) (at) 3. (intro.) of the statutes is amended to read:

AB21-AA8,8,16 71.07 (9e) (at) 3. (intro.) For taxable years beginning on or after January 1, 1994 after December 31, 1993, and before January 1, 1995, the maximum credit is one of the following amounts:

AB21-AA8, s. 11v Section 11v. 71.07 (9e) (at) 4. of the statutes is created to read:

AB21-AA8,8,19 71.07 (9e) (at) 4. For taxable years beginning on or after January 1, 1995, the maximum credit is one of the following amounts:

AB21-AA8,8,22 a. If the person has one qualifying child who has the same principal place of abode as the person, the maximum credit income under subd. 1. a. multiplied by 1.29%.

AB21-AA8,8,24 b. If the person has 2 qualifying children who have the same principal place of abode as the person, the maximum credit income under subd. 1. a. multiplied by 7%.

AB21-AA8,9,3 c. If the person has more than 2 qualifying children who have the same principal place of abode as the person, the maximum credit income under subd. 1. a. multiplied by 21%.".

AB21-AA8,9,4 5. Page 15, line 25: after that line insert:

AB21-AA8,9,12 "(13)  Healthy start expansion benefit costs. In the schedule under section 20.005 (3) of the statutes for the appropriation to the department of health and social services under section 20.435 (1) (b) of the statutes, as affected by the acts of 1995, the dollar amount is increased by $737,200 for fiscal year 1995-96 and the dollar amount is increased by $3,361,100 for fiscal year 1996-97 to pay the state share of medical assistance benefit costs for persons who are eligible for medical assistance as a result of the change in the approved state plan under section 49.46 (1) (ar) 3. of the statutes, as created by this act.

AB21-AA8,9,20 (14)  Healthy start expansion administrative costs. In the schedule under section 20.005 (3) of the statutes for the appropriation to the department of health and social services under section 20.435 (1) (bm) of the statutes, as affected by the acts of 1995, the dollar amount is increased by $17,000 for fiscal year 1995-96 and the dollar amount is increased by $75,400 for fiscal year 1996-97 to pay the state share of medical assistance administrative contract costs related to persons who are eligible for medical assistance as a result of the change in the approved state plan under section 49.46 (1) (ar) 3. of the statutes, as created by this act.

AB21-AA8,9,24 (15)  Healthy start expansion county income maintenance costs. In the schedule under section 20.005 (3) of the statutes for the appropriation to the department of health and social services under section 20.435 (4) (de) of the statutes, as affected by the acts of 1995, the dollar amount is increased by $65,400 for fiscal year 1995-96 and the dollar amount is increased by $289,400 for fiscal year 1996-97 to pay county income maintenance costs related to persons who are eligible for medical assistance as a result of the change in the approved state plan under section 49.46 (1) (ar) 3. of the statutes, as created by this act.

AB21-AA8,10,12 (16) Low-income child care. In the schedule under section 20.005 (3) of the statutes for the appropriation to the department of health and social services under section 20.435 (7) (b) of the statutes, as affected by the acts of 1995, the dollar amount is increased by $7,500,000 for fiscal year 1995-96 and the dollar amount is increased by $7,500,000 for fiscal year 1996-97 to increase funding for low-income child care, as defined in section 46.98 (1) (bm) of the statutes, at-risk child care, as defined in section 46.98 (1) (ad) of the statutes, and respite child care, as defined in section 46.98 (1) (d) of the statutes.".

AB21-AA8,10,13 (End)