AB100-SA1,56,14
14"
Section 2198v. 66.04 (2) (b) of the statutes is amended to read:
AB100-SA1,56,2415
66.04
(2) (b) Any town, city or village may invest surplus funds in any bonds
16or securities issued under the authority of the municipality, whether the bonds or
17securities create a general municipality liability or a liability of the property owners
18of the municipality for special improvements, and may sell or hypothecate the bonds
19or securities. Funds of any employer, as defined by s. 40.02 (28), in a deferred
20compensation plan may also be invested and reinvested in the same manner
21authorized for investments under s. 881.01 (1).
Funds of any school district
22operating under ch. 119, held in trust for pension plans intended to qualify under
23section 401 (a) of the Internal Revenue Code, may be invested and reinvested in the
24same manner authorized for investments under s. 881.01.
AB100-SA1,57,82
66.04
(2s) Additional delegation of investment authority. In addition to the
3authority granted under sub. (2m), a school district operating under ch. 119 may
4delegate the investment authority over any of its funds not immediately needed and
5held in trust for its qualified pension plans to an investment manager who meets the
6requirements and qualifications specified in the trust's investment policy and who
7is registered as an investment adviser under the Investment Advisers Act of 1940,
815 USC 80b-3.".
AB100-SA1,57,13
13"3. This paragraph applies only to the following cities:
AB100-SA1,57,1614
a. A city with a population of at least 10,000 that was incorporated in 1950 and
15that is in a county with a population of more than 500,000 which is adjacent to one
16of the Great Lakes.
AB100-SA1,57,1817
b. A city with a population of at least 55,000 that was incorporated in 1853 and
18that is in a county that was incorporated in 1840.".
AB100-SA1,58,5
5"
Section 2261ds. 71.05 (22) (ds) of the statutes is created to read:
AB100-SA1,58,196
71.05
(22) (ds)
Standard deduction indexing. For taxable years beginning after
7December 31, 1998, the dollar amounts of the standard deduction that is allowable
8under par. (dm) and all of the dollar amounts of Wisconsin adjusted gross income
9under par. (dm) shall be increased each year by a percentage equal to the percentage
10change between the U.S. consumer price index for all urban consumers, U.S. city
11average, for the month of August of the previous year and the U.S. consumer price
12index for all urban consumers, U.S. city average, for the month of August of the year
13before the previous year, as determined by the federal department of labor. Each
14amount that is revised under this paragraph shall be rounded to the nearest multiple
15of $10 if the revised amount is not a multiple of $10 or, if the revised amount is a
16multiple of $5, such an amount shall be increased to the next higher multiple of $10.
17The department of revenue shall annually adjust the changes in dollar amounts
18required under this paragraph and incorporate the changes into the income tax
19forms and instructions.".
AB100-SA1,58,22
22"
Section 2261e. 71.06 (1) (intro.) of the statutes is amended to read:
AB100-SA1,59,723
71.06
(1) (title)
Fiduciaries, single individuals and heads of households; 1986
24to 1997. (intro.) The tax to be assessed, levied and collected upon the taxable incomes
1of all fiduciaries, except fiduciaries of nuclear decommissioning trust or reserve
2funds, and single individuals for taxable years beginning on or after August 1, 1986,
3and before January 1, 1994, and upon the taxable incomes of all fiduciaries, except
4fiduciaries of nuclear decommissioning trust or reserve funds, and single individuals
5and heads of households for taxable years beginning
on or after
January 1, 1994 6December 31, 1993, and before January 1, 1998, shall be computed at the following
7rates:
AB100-SA1,59,139
71.06
(1m) Fiduciaries, single individuals and heads of households; after
101997. The tax to be assessed, levied and collected upon the taxable incomes of all
11fiduciaries, except fiduciaries of nuclear decommissioning trust or reserve funds, and
12single individuals and heads of households shall be computed at the following rates
13for taxable years beginning after December 31, 1997:
AB100-SA1,59,1414
(a) On all taxable income from $0 to $7,500, 4.85%.
AB100-SA1,59,1515
(b) On all taxable income exceeding $7,500 but not exceeding $15,000, 6.48%.
AB100-SA1,59,1616
(c) On all taxable income exceeding $15,000, 6.87%.
AB100-SA1,59,2118
71.06
(2) Married persons. (intro.) The tax to be assessed, levied and collected
19upon the taxable incomes of all married persons
for calendar year 1987 and
20corresponding fiscal years and for calendar and fiscal years thereafter shall be
21computed at the following rates:
AB100-SA1,59,2423
71.06
(2) (a) (intro.) For joint returns
, for taxable years beginning after July
2431, 1986, and before January 1, 1998:
AB100-SA1,60,2
171.06
(2) (b) (intro.) For married persons filing separately
, for taxable years
2beginning after July 31, 1986, and before January 1, 1998:
AB100-SA1,60,54
71.06
(2) (c) For joint returns, for taxable years beginning after December 31,
51997:
AB100-SA1,60,66
1. On all taxable income from $0 to $10,000, 4.85%.
AB100-SA1,60,77
2. On all taxable income exceeding $10,000 but not exceeding $20,000, 6.48%.
AB100-SA1,60,88
3. On all taxable income exceeding $20,000, 6.87%.
AB100-SA1,60,1110
71.06
(2) (d) For married persons filing separately, for taxable years beginning
11after December 31, 1997:
AB100-SA1,60,1212
1. On all taxable income from $0 to $5,000, 4.85%.
AB100-SA1,60,1313
2. On all taxable income exceeding $5,000 but not exceeding $10,000, 6.48%.
AB100-SA1,60,1414
3. On all taxable income exceeding $10,000, 6.87%.
AB100-SA1,61,316
71.06
(2e) Bracket indexing. For taxable years beginning after December 31,
171998, the maximum dollar amount in each tax bracket, and the corresponding
18minimum dollar amount in the next bracket, under subs. (1m) and (2) (c) and (d) shall
19be increased each year by a percentage equal to the percentage change between the
20U.S. consumer price index for all urban consumers, U.S. city average, for the month
21of August of the previous year and the U.S. consumer price index for all urban
22consumers, U.S. city average, for the month of August of the year before the previous
23year, as determined by the federal department of labor. Each amount that is revised
24under this subsection shall be rounded to the nearest multiple of $10 if the revised
25amount is not a multiple of $10 or, if the revised amount is a multiple of $5, such an
1amount shall be increased to the next higher multiple of $10. The department of
2revenue shall annually adjust the changes in dollar amounts required under this
3subsection and incorporate the changes into the income tax forms and instructions.".
AB100-SA1,61,9
9"
Section 2355g. 73.029 of the statutes is created to read:
AB100-SA1,61,11
1073.029 Rules required. The department of revenue may require electronic
11funds transfer only by promulgating rules.".
AB100-SA1,61,16
16"
Section 2392p. 77.53 (10) of the statutes is amended to read:
AB100-SA1,62,417
77.53
(10) For the purpose of the proper administration of this section and to
18prevent evasion of the use tax and the duty to collect the use tax, it is presumed that
19tangible personal property or taxable services sold by any person for delivery in this
20state is sold for storage, use or other consumption in this state until the contrary is
21established. The burden of proving the contrary is upon the person who makes the
22sale unless that person takes from the purchaser a certificate to the effect that the
23property or taxable service is purchased for resale, or otherwise exempt from the tax
;
24except that no certificate is required for sales of commodities, as defined in 7 USC
12, that are consigned for resale in a warehouse in or from which the commodity is
2deliverable on a contract for future delivery subject to a commodity market regulated
3by the U.S. commodity futures trading commission if upon the sale the commodity
4is not removed from the warehouse.".
AB100-SA1,62,6
6"
Section 2393noo. 77.54 (15) of the statutes is amended to read:
AB100-SA1,62,237
77.54
(15) The gross receipts from the sale of and the storage, use or other
8consumption of all newspapers, of periodicals sold by subscription and regularly
9issued at average intervals not exceeding 3 months,
or issued at average intervals
10not exceeding 6 months by an educational association or corporation sales to which
11are exempt under sub. (9a) (f), of controlled circulation publications sold to
12commercial publishers for distribution without charge or mainly without charge or
13regularly distributed by or on behalf of publishers without charge or mainly without
14charge to the recipient and of shoppers guides which distribute no less than 48 issues
15in a 12-month period. In this subsection, "shoppers guide" means a community
16publication delivered, or attempted to be delivered, to most of the households in its
17coverage area without a required subscription fee, which advertises a broad range
18of products and services offered by several types of businesses and individuals. In
19this subsection, "controlled circulation publication" means a publication that has at
20least 24 pages, is issued at regular intervals not exceeding 3 months, that devotes
21not more than 75% of its pages to advertising and that is not conducted as an
22auxiliary to, and essentially for the advancement of, the main business or calling of
23the person that owns and controls it.".
AB100-SA1,63,7
7"
Section 2465t. 84.013 (2) (d) of the statutes is renumbered 84.013 (3m) (a).".
AB100-SA1,63,9
9"
Section 2471b. 84.013 (3m) (b) of the statutes is created to read:
AB100-SA1,63,1110
84.013
(3m) (b) The department shall complete all of the following highway
11rehabilitation projects:
AB100-SA1,63,1312
1. STH 20 beginning at Roosevelt Avenue and extending to West Boulevard in
13the city of Racine by December 31, 1998.
AB100-SA1,63,1514
2. STH 20 beginning at Oakes Road and extending to Roosevelt Avenue in the
15town of Mount Pleasant by December 31, 1999.
AB100-SA1,63,1716
3. STH 20 beginning at West Boulevard and extending to Marquette Street in
17the city of Racine by December 31, 2002.".
AB100-SA1,63,19
19"
Section 2471c. 84.013 (3m) (c) of the statutes is created to read:
AB100-SA1,63,2220
84.013
(3m) (c) The department shall complete the design work for any major
21highway project involving STH 57 between CTH "A" near Dyckesville and STH 42
22in Kewaunee and Door counties by December 31, 2003.".
AB100-SA1,63,24
24"
Section 2471dm. 84.04 (4) of the statutes is created to read:
AB100-SA1,64,4
184.04
(4) Notwithstanding sub. (2), the department may not commence
2construction after the effective date of this subsection .... [revisor inserts date], of any
3wayside along I 94. This section does not prohibit the reconstruction or maintenance
4of any wayside in its present location.".
AB100-SA1,64,6
6"
Section 2473m. 84.1048 of the statutes is created to read:
AB100-SA1,64,12
784.1048 Polish Heritage Highway. (1) In recognition of the outstanding
8contributions that Polish Americans have made to the vitality and quality of life in
9central Wisconsin, the department shall designate STH 66, commencing at Stevens
10Point and proceeding easterly to Rosholt, as the "Polish Heritage Highway" to
11commemorate and honor the achievements of central Wisconsin residents of Polish
12ancestry.
AB100-SA1,64,15
13(2) Upon receipt of contributions totaling not less than $800 from interested
14parties, including any city, village, town or county, the department shall erect
15markers along STH 66 in the following locations:
AB100-SA1,64,1716
(a) One marker at the east end of Stevens Point to clearly identify the
17designation of the route to motorists proceeding easterly.
AB100-SA1,64,1918
(b) One marker at the east end of Rosholt to clearly identify the designation of
19the route to motorists proceeding westerly.
AB100-SA1,64,21
20(3) No state funds may be used for the erection of any marker under this
21section.".
