Amendment SA39-SA1-SSA1-AB133

AB133-SSA1-SA1-SA39,1,3 2. Page 59, line 11: delete lines 11 to 13.

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AB133-SSA1-SA1-SA39,2,4 9. Page 198, line 19: delete the material beginning with that line and ending with page 199, line 9, and substitute:

AB133-SSA1-SA1-SA39,2,5 "" Section 1694. 71.06 (1m) (intro.) of the statutes is amended to read:

AB133-SSA1-SA1-SA39,2,11 71.06 (1m) Fiduciaries, single individuals and heads of households; after 1997 and 1998. (intro.) The tax to be assessed, levied and collected upon the taxable incomes of all fiduciaries, except fiduciaries of nuclear decommissioning trust or reserve funds, and single individuals and heads of households shall be computed at the following rates for taxable years beginning after December 31, 1997, and before January 1, 1999:

AB133-SSA1-SA1-SA39, s. 1695 Section 1695. 71.06 (1n) of the statutes is created to read:

AB133-SSA1-SA1-SA39,2,17 71.06 (1n) Fiduciaries, single individuals and heads of households; 1999. The tax to be assessed, levied and collected upon the taxable incomes of all fiduciaries, except fiduciaries of nuclear decommissioning trust or reserve funds, and single individuals and heads of households shall be computed at the following rates for taxable years beginning after December 31, 1998, and before January 1, 2000:

AB133-SSA1-SA1-SA39,2,18 (a) On all taxable income from $0 to $7,620, 4.74%.

AB133-SSA1-SA1-SA39,2,19 (b) On all taxable income exceeding $7,620 but not exceeding $15,240, 6.33%.

AB133-SSA1-SA1-SA39,2,20 (c) On all taxable income exceeding $15,240, 6.73%.

AB133-SSA1-SA1-SA39, s. 1696 Section 1696. 71.06 (1p) of the statutes is created to read:

AB133-SSA1-SA1-SA39,3,2 71.06 (1p) Fiduciaries, single individuals and heads of households; after 1999. The tax to be assessed, levied and collected upon the taxable incomes of all fiduciaries, except fiduciaries of nuclear decommissioning trust or reserve funds, and single individuals and heads of households shall be computed at the following rates for taxable years beginning after December 31, 1999:

AB133-SSA1-SA1-SA39,3,3 (a) On all taxable income from $0 to $7,620, 4.53%.

AB133-SSA1-SA1-SA39,3,4 (b) On all taxable income exceeding $7,620 but not exceeding $15,240, 6.05%.

AB133-SSA1-SA1-SA39,3,5 (c) On all taxable income exceeding $15,240, 6.43%.

AB133-SSA1-SA1-SA39, s. 1697 Section 1697. 71.06 (2) (c) (intro.) of the statutes is amended to read:

AB133-SSA1-SA1-SA39,3,8 71.06 (2) (c) (intro.) For joint returns, for taxable years beginning after December 31, 1997, and before January 1, 1999:

AB133-SSA1-SA1-SA39, s. 1698 Section 1698. 71.06 (2) (d) (intro.) of the statutes is amended to read:

AB133-SSA1-SA1-SA39,3,11 71.06 (2) (d) (intro.) For married persons filing separately, for taxable years beginning after December 31, 1997, and before January 1, 1999:

AB133-SSA1-SA1-SA39, s. 1699 Section 1699. 71.06 (2) (e) of the statutes is created to read:

AB133-SSA1-SA1-SA39,3,14 71.06 (2) (e) For joint returns, for taxable years beginning after December 31, 1998, and before January 1, 2000:

AB133-SSA1-SA1-SA39,3,15 1. On all taxable income from $0 to $10,160, 4.74%.

AB133-SSA1-SA1-SA39,3,16 2. On all taxable income exceeding $10,160 but not exceeding $20,320, 6.33%.

AB133-SSA1-SA1-SA39,3,17 3. On all taxable income exceeding $20,320, 6.73%.

AB133-SSA1-SA1-SA39, s. 1700 Section 1700. 71.06 (2) (f) of the statutes is created to read:

AB133-SSA1-SA1-SA39,3,20 71.06 (2) (f) For married persons filing separately, for taxable years beginning after December 31, 1998, and before January 1, 2000:

AB133-SSA1-SA1-SA39,3,21 1. On all taxable income from $0 to $5,080, 4.74%.

AB133-SSA1-SA1-SA39,3,22 2. On all taxable income exceeding $5,080 but not exceeding $10,160, 6.33%.

AB133-SSA1-SA1-SA39,3,23 3. On all taxable income exceeding $10,160, 6.73%.

AB133-SSA1-SA1-SA39, s. 1701 Section 1701. 71.06 (2) (g) of the statutes is created to read:

AB133-SSA1-SA1-SA39,4,2 71.06 (2) (g) For joint returns, for taxable years beginning after December 31, 1999:

AB133-SSA1-SA1-SA39,4,3 1. On all taxable income from $0 to $10,160, 4.53%.

AB133-SSA1-SA1-SA39,4,4 2. On all taxable income exceeding $10,160 but not exceeding $20,320, 6.05%.

AB133-SSA1-SA1-SA39,4,5 3. On all taxable income exceeding $20,320, 6.43%.

AB133-SSA1-SA1-SA39, s. 1702 Section 1702. 71.06 (2) (h) of the statutes is created to read:

AB133-SSA1-SA1-SA39,4,8 71.06 (2) (h) For married persons filing separately, for taxable years beginning after December 31, 1999:

AB133-SSA1-SA1-SA39,4,9 1. On all taxable income from $0 to $5,080, 4.53%.

AB133-SSA1-SA1-SA39,4,10 2. On all taxable income exceeding $5,080 but not exceeding $10,160, 6.05%.

AB133-SSA1-SA1-SA39,4,11 3. On all taxable income exceeding $10,160, 6.43%.

AB133-SSA1-SA1-SA39, s. 1703 Section 1703. 71.06 (2e) of the statutes is amended to read:

AB133-SSA1-SA1-SA39,5,4 71.06 (2e) Bracket indexing. For taxable years beginning after December 31, 1998, and before January 1, 2000, the maximum dollar amount in each tax bracket, and the corresponding minimum dollar amount in the next bracket, under subs. (1m), (1n) and (2) (c) and, (d), (e) and (f), and for taxable years beginning after December 31, 1999, the maximum dollar amount in each tax bracket, and the corresponding minimum dollar amount in the next bracket, under subs. (1p) and (2) (g) and (h), 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 August of the previous year and the U.S. consumer price index for all urban consumers, U.S. city average, for the month of August of the year before the previous year 1997, as determined by the federal department of labor. Each amount that is revised under this subsection 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 annually adjust the changes in dollar amounts required under this subsection and incorporate the changes into the income tax forms and instructions.

AB133-SSA1-SA1-SA39, s. 1704 Section 1704. 71.06 (2m) of the statutes is amended to read:

AB133-SSA1-SA1-SA39,5,9 71.06 (2m) Rate changes. If a rate under sub. (1), (1m), (1n), (1p) or (2) changes during a taxable year, the taxpayer shall compute the tax for that taxable year by the methods applicable to the federal income tax under section 15 of the internal revenue code.

AB133-SSA1-SA1-SA39, s. 1705 Section 1705. 71.06 (2s) (b) of the statutes is amended to read:

AB133-SSA1-SA1-SA39,5,23 71.06 (2s) (b) For taxable years beginning after December 31, 1997, and before January 1, 1999, with respect to nonresident individuals, including individuals changing their domicile into or from this state, the tax brackets under subs. (1m) and (2) (c) and (d) shall be multiplied by a fraction, the numerator of which is Wisconsin adjusted gross income and the denominator of which is federal adjusted gross income. In this paragraph, for married persons filing separately "adjusted gross income" means the separate adjusted gross income of each spouse, and for married persons filing jointly "adjusted gross income" means the total adjusted gross income of both spouses. If an individual and that individual's spouse are not both domiciled in this state during the entire taxable year, the tax brackets under subs. (1m) and (2) (c) and (d) on a joint return shall be multiplied by a fraction, the numerator of which is their joint Wisconsin adjusted gross income and the denominator of which is their joint federal adjusted gross income.

AB133-SSA1-SA1-SA39, s. 1706 Section 1706. 71.06 (2s) (c) of the statutes is created to read:

AB133-SSA1-SA1-SA39,6,13 71.06 (2s) (c) For taxable years beginning after December 31, 1998, and before January 1, 2000, with respect to nonresident individuals, including individuals changing their domicile into or from this state, the tax brackets under subs. (1n) and (2) (e) and (f) shall be multiplied by a fraction, the numerator of which is Wisconsin adjusted gross income and the denominator of which is federal adjusted gross income. In this paragraph, for married persons filing separately "adjusted gross income" means the separate adjusted gross income of each spouse, and for married persons filing jointly "adjusted gross income" means the total adjusted gross income of both spouses. If an individual and that individual's spouse are not both domiciled in this state during the entire taxable year, the tax brackets under subs. (1n) and (2) (e) and (f) on a joint return shall be multiplied by a fraction, the numerator of which is their joint Wisconsin adjusted gross income and the denominator of which is their joint federal adjusted gross income.

AB133-SSA1-SA1-SA39, s. 1707 Section 1707. 71.06 (2s) (d) of the statutes is created to read:

AB133-SSA1-SA1-SA39,7,2 71.06 (2s) (d) For taxable years beginning after December 31, 1999, with respect to nonresident individuals, including individuals changing their domicile into or from this state, the tax brackets under subs. (1p) and (2) (g) and (h) shall be multiplied by a fraction, the numerator of which is Wisconsin adjusted gross income and the denominator of which is federal adjusted gross income. In this paragraph, for married persons filing separately "adjusted gross income" means the separate adjusted gross income of each spouse, and for married persons filing jointly "adjusted gross income" means the total adjusted gross income of both spouses. If an individual and that individual's spouse are not both domiciled in this state during the entire taxable year, the tax brackets under subs. (1p) and (2) (g) and (h) on a joint return shall be multiplied by a fraction, the numerator of which is their joint Wisconsin adjusted gross income and the denominator of which is their joint federal adjusted gross income.".".

AB133-SSA1-SA1-SA39,7,4 10. Page 201, line 7: delete the material beginning with that line and ending with page 202, line 23.

AB133-SSA1-SA1-SA39,7,5 11. Page 203, line 13: delete lines 13 to 15.

AB133-SSA1-SA1-SA39,7,6 12. Page 209, line 3: delete lines 3 to 19 and substitute:

AB133-SSA1-SA1-SA39,7,7 "774m. Page 944, line 21: after that line insert:

AB133-SSA1-SA1-SA39,7,8 " Section 1763. 71.52 (5) of the statutes is amended to read:

AB133-SSA1-SA1-SA39,7,13 71.52 (5) "Household income" means, for claims filed before 1999, all income received by all persons of a household in a calendar year while members of the household, less $250 for each of the claimant's dependents, as defined in section 152 of the Internal Revenue Code, who have the same principal abode as the claimant for more than 6 months during the year to which the claim relates.

AB133-SSA1-SA1-SA39, s. 1763c Section 1763c. 71.52 (5e) of the statutes is created to read:

AB133-SSA1-SA1-SA39,7,19 71.52 (5e) "Household income" means, for claims filed in 1999, all income received by all persons of a household in a calendar year while members of the household, less $330 for each of the claimant's dependents, as defined in section 152 of the Internal Revenue Code, who have the same principal abode as the claimant for more than 6 months during the year to which the claim relates.

AB133-SSA1-SA1-SA39, s. 1763d Section 1763d. 71.52 (5g) of the statutes is created to read:

AB133-SSA1-SA1-SA39,8,2 71.52 (5g) "Household income" means, for claims filed in 2000 and thereafter, all income received by all persons of a household in a calendar year while members of the household, less $340 for each of the claimant's dependents, as defined in section 152 of the Internal Revenue Code, who have the same principal abode as the claimant for more than 6 months during the year to which the claim relates.

AB133-SSA1-SA1-SA39, s. 1763e Section 1763e. 71.54 (1) (d) (intro.) of the statutes is amended to read:

AB133-SSA1-SA1-SA39,8,6 71.54 (1) (d) 1991 and thereafter to 1998. (intro.) The amount of any claim filed in 1991 and thereafter to 1998 and based on property taxes accrued or rent constituting property taxes accrued during the previous year is limited as follows:

AB133-SSA1-SA1-SA39, s. 1763g Section 1763g. 71.54 (1) (e) of the statutes is created to read:

AB133-SSA1-SA1-SA39,8,10 71.54 (1) (e) 1999. The amount of any claim filed in 1999 and based on property taxes accrued or rent constituting property taxes accrued during the previous year is limited as follows:

AB133-SSA1-SA1-SA39,8,13 1. If the household income was $10,510 or less in the year to which the claim relates, the claim is limited to 85% of the property taxes accrued or rent constituting property taxes accrued or both in that year on the claimant's homestead.

AB133-SSA1-SA1-SA39,8,17 2. If the household income was more than $10,510 in the year to which the claim relates, the claim is limited to 85% of the amount by which the property taxes accrued or rent constituting property taxes accrued or both in that year on the claimant's homestead exceeds 13.528% of the household income exceeding $10,510.

AB133-SSA1-SA1-SA39,8,19 3. No credit may be allowed if the household income of a claimant exceeds $23,890.

AB133-SSA1-SA1-SA39, s. 1763i Section 1763i. 71.54 (1) (f) of the statutes is created to read:

AB133-SSA1-SA1-SA39,8,23 71.54 (1) (f) 2000 and thereafter. The amount of any claim filed in 2000 and thereafter and based on property taxes accrued or rent constituting property taxes accrued during the previous year is limited as follows:

AB133-SSA1-SA1-SA39,9,3 1. If the household income was $10,720 or less in the year to which the claim relates, the claim is limited to 85% of the property taxes accrued or rent constituting property taxes accrued or both in that year on the claimant's homestead.

AB133-SSA1-SA1-SA39,9,7 2. If the household income was more than $10,720 in the year to which the claim relates, the claim is limited to 85% of the amount by which the property taxes accrued or rent constituting property taxes accrued or both in that year on the claimant's homestead exceeds 13.489% of the household income exceeding $10,720.

AB133-SSA1-SA1-SA39,9,9 3. No credit may be allowed if the household income of a claimant exceeds $24,360.

AB133-SSA1-SA1-SA39, s. 1763k Section 1763k. 71.54 (2) (b) 3. of the statutes is amended to read:

AB133-SSA1-SA1-SA39,9,12 71.54 (2) (b) 3. In calendar year years 1990 or any subsequent calendar year to 1997, $1,450.

AB133-SSA1-SA1-SA39, s. 1763L Section 1763L. 71.54 (2) (b) 4. of the statutes is created to read:

AB133-SSA1-SA1-SA39,9,14 71.54 (2) (b) 4. In calendar year 1998, $1,810.

AB133-SSA1-SA1-SA39, s. 1763n Section 1763n. 71.54 (2) (b) 5. of the statutes is created to read:

AB133-SSA1-SA1-SA39,9,17 71.54 (2) (b) 5. In calendar year 1999 and any subsequent calendar year, $1,840.".".

AB133-SSA1-SA1-SA39,9,18 13. Page 209, line 20: before that line insert:

AB133-SSA1-SA1-SA39,9,19 "774r. Page 944, line 22: delete lines 22 to 25.".

AB133-SSA1-SA1-SA39,9,20 14. Page 209, line 22: delete lines 22 and 23 and substitute:

AB133-SSA1-SA1-SA39,9,21 "779m. Page 947, line 4: delete "shall" and substitute "may not".

AB133-SSA1-SA1-SA39,9,23 779r. Page 947, line 7: delete "on July 1, 2000" and substitute "before July 1, 2001".".

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