ASSEMBLY AMENDMENT 31,
TO ASSEMBLY AMENDMENT 2,
TO ASSEMBLY SUBSTITUTE AMENDMENT 1,
TO 1999 ASSEMBLY BILL 133
June 29, 1999 - Offered by Representative Wasserman.
AB133-ASA1-AA2-AA31,1,11 At the locations indicated, amend the amendment as follows:
AB133-ASA1-AA2-AA31,1,2 21. Page 822, line 12: delete lines 12 to 21.
AB133-ASA1-AA2-AA31,1,3 32. Page 836, line 1: delete lines 1 to 7.
AB133-ASA1-AA2-AA31,1,4 43. Page 836, line 7: after that line insert:
AB133-ASA1-AA2-AA31,1,5 5" Section 1688i. 71.05 (6) (b) 32. of the statutes is created to read:
AB133-ASA1-AA2-AA31,1,86 71.05 (6) (b) 32. a. Subject to subd. 32. c., for a single individual or for a married
7individual who files a separate return, the first $25,000 of the individual's federal
8adjusted gross income.
AB133-ASA1-AA2-AA31,1,109 b. Subject to subd. 32. c., for a married couple that files a joint return, the first
10$50,000 of the married couple's federal adjusted gross income.
AB133-ASA1-AA2-AA31,2,13
1c. For an individual, or married couple, to whom subd. 32. a. or b. applies and
2who is a nonresident or part-year resident of this state, multiply the applicable
3amount under subd. 32. a. or b. by a fraction the numerator of which is the
4individual's or married couple's wages, salary, tips, unearned income and net
5earnings from a trade or business that are taxable by this state and the denominator
6of which is the individual's total wages, salary, tips, unearned income and net
7earnings from a trade or business. In this subdivision, for married persons filing
8separately "wages, salary, tips, unearned income and net earnings from a trade or
9business" means the separate wages, salary, tips, unearned income and net earnings
10from a trade or business of each spouse, and for married persons filing jointly "wages,
11salary, tips, unearned income and net earnings from a trade or business" means the
12total wages, salary, tips, unearned income and net earnings from a trade or business
13of both spouses.".
AB133-ASA1-AA2-AA31,2,15 144. Page 836, line 9: delete "and thereafter to 1999" and substitute "and
15thereafter
".
AB133-ASA1-AA2-AA31,2,17 165. Page 836, line 10: delete "on or after January 1, 1994 after" and substitute
17"on or after January 1, 1994".
AB133-ASA1-AA2-AA31,2,19 186. Page 836, line 11: delete that line and substitute ", the Wisconsin standard
19deduction".
AB133-ASA1-AA2-AA31,2,21 207. Page 837, line 20: delete the material beginning with that line and ending
21with page 838, line 24.
AB133-ASA1-AA2-AA31,2,22 228. Page 839, line 2: delete "2000" and substitute "2001".
AB133-ASA1-AA2-AA31,2,23 239. Page 839, line 18: on lines 18 and 19, delete "(dp)" and substitute "(dm)".
AB133-ASA1-AA2-AA31,3,2
110. Page 840, line 5: delete the material beginning with that line and ending
2with page 847, line 6, and substitute:
AB133-ASA1-AA2-AA31,3,3 3" Section 1703e. 71.06 (2e) of the statutes is amended to read:
AB133-ASA1-AA2-AA31,3,174 71.06 (2e) Bracket indexing. For taxable years beginning after December 31,
51998, the maximum dollar amount in each tax bracket, and the corresponding
6minimum dollar amount in the next bracket, under subs. (1m) and (2) (c) and (d) shall
7be increased each year by a percentage equal to the percentage change between the
8U.S. consumer price index for all urban consumers, U.S. city average, for the month
9of August of the previous year and the U.S. consumer price index for all urban
10consumers, U.S. city average, for the month of August of the year before the previous
11year
1997, as determined by the federal department of labor. Each amount that is
12revised under this subsection shall be rounded to the nearest multiple of $10 if the
13revised amount is not a multiple of $10 or, if the revised amount is a multiple of $5,
14such an amount shall be increased to the next higher multiple of $10. The
15department of revenue shall annually adjust the changes in dollar amounts required
16under this subsection and incorporate the changes into the income tax forms and
17instructions.".
AB133-ASA1-AA2-AA31,3,18 1811. Page 849, line 8: delete lines 8 to 13.
AB133-ASA1-AA2-AA31,3,20 1912. Page 849, line 18: delete the material beginning with that line and ending
20with page 850, line 9.
AB133-ASA1-AA2-AA31,3,22 2113. Page 851, line 17: delete the material beginning with that line and ending
22with page 852, line 2.
AB133-ASA1-AA2-AA31,3,23 2314. Page 853, line 9: delete lines 9 to 13.
AB133-ASA1-AA2-AA31,4,2
115. Page 946, line 4: delete the material beginning with that line and ending
2with page 947, line 20.
AB133-ASA1-AA2-AA31,4,3 316. Page 1598, line 18: delete lines 18 to 20.
AB133-ASA1-AA2-AA31,4,4 417. Page 1598, line 20: after that line insert:
AB133-ASA1-AA2-AA31,4,7 5"(20et) Federal adjusted gross income tax exemption. The treatment of
6section 71.05 (6) (b) 32. of the statutes first applies to taxable years beginning on
7January 1, 2001.".
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