SENATE AMENDMENT 44,
TO 1997 ASSEMBLY BILL 768
May 7, 1998 - Offered by Senators
Chvala, Decker and
Clausing.
AB768-SA44,1,21
At the locations indicated, amend the
bill, as shown by assembly substitute
2amendment 1, as follows:
AB768-SA44,1,4
31. Page 16, line 14: after "rates;" insert "increasing the standard deduction
4and modifying the tax brackets under the individual income tax system".
AB768-SA44,2,3
3"
Section 284as. 71.05 (22) (dm) of the statutes is amended to read:
AB768-SA44,3,134
71.05
(22) (dm) (title)
Deduction limits; 1994 and thereafter to 1997
. Except
5as provided in par. (f), for taxable years beginning on or after January 1, 1994,
and
6before January 1, 1998, the Wisconsin standard deduction is whichever of the
7following amounts is appropriate. For a single individual who has a Wisconsin
8adjusted gross income of less than $7,500, the standard deduction is $5,200. For a
9single individual who has a Wisconsin adjusted gross income of at least $7,500 but
10not more than $50,830, the standard deduction is the amount obtained by
11subtracting from $5,200 12% of Wisconsin adjusted gross income in excess of $7,500
12but not less than $0. For a single individual who has a Wisconsin adjusted gross
13income of more than $50,830, the standard deduction is $0. For a head of household
14who has a Wisconsin adjusted gross income of less than $7,500, the standard
15deduction is $7,040. For a head of household who has a Wisconsin adjusted gross
16income of at least $7,500 but not more than $25,000, the standard deduction is the
17amount obtained by subtracting from $7,040 22.515% of Wisconsin adjusted gross
18income in excess of $7,500 but not less than $0. For a head of household who has a
19Wisconsin adjusted gross income of more than $25,000, the standard deduction shall
20be calculated as if the head of household were a single individual. For a married
21couple filing jointly that has an aggregate Wisconsin adjusted gross income of less
22than $10,000, the standard deduction is $8,900. For a married couple filing jointly
23that has an aggregate Wisconsin adjusted gross income of at least $10,000 but not
24more than $55,000, the standard deduction is the amount obtained by subtracting
1from $8,900 19.778% of aggregate Wisconsin adjusted gross income in excess of
2$10,000 but not less than $0. For a married couple filing jointly that has an aggregate
3Wisconsin adjusted gross income of more than $55,000, the standard deduction is $0.
4For a married individual filing separately who has a Wisconsin adjusted gross
5income of less than $4,750, the standard deduction is $4,230. For a married
6individual filing separately who has a Wisconsin adjusted gross income of at least
7$4,750 but not more than $26,140, the standard deduction is the amount obtained
8by subtracting from $4,230 19.778% of Wisconsin adjusted gross income in excess of
9$4,750 but not less than $0. For a married individual filing separately who has a
10Wisconsin adjusted gross income of more than $26,140, the standard deduction is $0.
11The secretary of revenue shall prepare a table under which deductions under this
12paragraph shall be determined. That table shall be published in the department's
13instructional booklets.
AB768-SA44,4,2215
71.05
(22) (do)
Deduction limits; 1998 and thereafter. Except as provided in par.
16(f), for taxable years beginning on or after January 1, 1998, the Wisconsin standard
17deduction is whichever of the following amounts is appropriate. For a single
18individual who has a Wisconsin adjusted gross income of less than $8,030, the
19standard deduction is $5,560. For a single individual who has a Wisconsin adjusted
20gross income of at least $8,030 but not more than $54,390, the standard deduction
21is the amount obtained by subtracting from $54,390 11.993% of Wisconsin adjusted
22gross income in excess of $8,030 but not less than $0. For a single individual who has
23a Wisconsin adjusted gross income of more than $54,390, the standard deduction is
24$0. For a head of household who has a Wisconsin adjusted gross income of less than
25$8,030, the standard deduction is $7,530. For a head of household who has a
1Wisconsin adjusted gross income of at least $8,030 but not more than $26,750, the
2standard deduction is the amount obtained by subtracting from $7,530 22.517% of
3Wisconsin adjusted gross income in excess of $8,030 but not less than $0. For a head
4of household who has a Wisconsin adjusted gross income of more than $26,750, the
5standard deduction shall be calculated as if the head of household were a single
6individual. For a married couple filing jointly that has an aggregate Wisconsin
7adjusted gross income of less than $10,700, the standard deduction is $9,520. For
8a married couple filing jointly that has an aggregate Wisconsin adjusted gross
9income of at least $10,700 but not more than $58,850, the standard deduction is the
10amount obtained by subtracting from $9,520 19.772% of aggregate Wisconsin
11adjusted gross income in excess of $10,700 but not less than $0. For a married couple
12filing jointly that has an aggregate Wisconsin adjusted gross income of more than
13$58,850, the standard deduction is $0. For a married individual filing separately
14who has a Wisconsin adjusted gross income of less than $5,080, the standard
15deduction is $4,530. For a married individual filing separately who has a Wisconsin
16adjusted gross income of at least $5,080 but not more than $27,970, the standard
17deduction is the amount obtained by subtracting from $4,530 19.79% of Wisconsin
18adjusted gross income in excess of $5,080 but not less than $0. For a married
19individual filing separately who has a Wisconsin adjusted gross income of more than
20$27,970, the standard deduction is $0. The secretary of revenue shall prepare a table
21under which deductions under this paragraph shall be determined. That table shall
22be published in the department's instructional booklets.".
AB768-SA44,4,24
24"71.06
(1m) (a) On all taxable income from $0 to
$7,500, 4.85% $8,030, 4.77%.".
AB768-SA44,5,3
2"71.06
(1m) (b) On all taxable income exceeding
$7,500 $8,030 but not
3exceeding
$15,000, 6.48% $16,050, 6.37%.".
AB768-SA44,5,6
5"71.06
(1m) (c) On all taxable income exceeding
$15,000, 6.87% $16,050 but not
6exceeding $64,200, 6.77%.
AB768-SA44,5,88
71.06
(1m) (d) On all taxable income exceeding $64,200, 6.87%.".
AB768-SA44,5,11
10"71.06
(2) (c) 1. On all taxable income from $0 to
$10,000, 4.85% 11$10,700,4.77%.".
AB768-SA44,5,14
13"71.06
(2) (c) 2. On all taxable income exceeding
$10,000 $10,700 but not
14exceeding
$20,000, 6.48% $21,400, 6.37%.".
AB768-SA44,5,17
16"71.06
(2) (c) 3. On all taxable income exceeding
$20,000, 6.87% $21,400 but
17not exceeding $85,600, 6.77%.
AB768-SA44,5,1919
71.06
(2) (c) 4. On all taxable income exceeding $85,600, 6.87%.".
AB768-SA44,5,21
21"71.06
(2) (d) 1. On all taxable income from $0 to
$5,000, 4.85% $5,350, 4.77%.".
AB768-SA44,6,2
1"71.06
(2) (d) 2. On all taxable income exceeding
$5,000 $5,350 but not
2exceeding
$10,000, 6.48% $10,700, 6.37%.".
AB768-SA44,6,5
4"71.06
(2) (d) 3. On all taxable income exceeding
$10,000, 6.87% $10,700 but
5not exceeding $42,800, 6.77%.
AB768-SA44,6,77
71.06
(2) (d) 4. On all taxable income exceeding $42,800,6.87%.".