LRBb2563/1
MES:jld:hmh
January 2002 Special Session
2001 - 2002 LEGISLATURE
ASSEMBLY AMENDMENT 29,
TO ASSEMBLY SUBSTITUTE AMENDMENT 1,
TO ASSEMBLY BILL 1
March 14, 2002 - Offered by Representative Boyle.
AB1-ASA1-AA29,1,3
3"
Section 170n. 71.06 (1m) (intro.) of the statutes is amended to read:
AB1-ASA1-AA29,1,104
71.06
(1m) Fiduciaries, single individuals and heads of households; 1997 to
51999 and after 2001. (intro.) The tax to be assessed, levied and collected upon the
6taxable incomes of all fiduciaries, except fiduciaries of nuclear decommissioning
7trust or reserve funds, and single individuals and heads of households shall be
8computed at the following rates for taxable years beginning after
9December 31, 1997, and before January 1, 2000
, and for taxable years beginning
10after December 31, 2001:
AB1-ASA1-AA29,2,6
171.06
(1p) Fiduciaries, single individuals and heads of households; after 2000
22001. (intro.) The tax to be assessed, levied and collected upon the taxable incomes
3of all fiduciaries, except fiduciaries of nuclear decommissioning trust or reserve
4funds, and single individuals and heads of households shall be computed at the
5following rates for taxable years beginning after December 31, 2000
, and before
6January 1, 2002:
AB1-ASA1-AA29,2,108
71.06
(2) (c) (intro.) For joint returns, for taxable years beginning after
9December 31, 1997, and before January 1, 2000
, and for taxable years beginning
10after December 31, 2001:
AB1-ASA1-AA29,2,1412
71.06
(2) (d) (intro.) For married persons filing separately, for taxable years
13beginning after December 31, 1997, and before January 1, 2000
, and for taxable
14years beginning after December 31, 2001:
AB1-ASA1-AA29,2,1716
71.06
(2) (g) (intro.) For joint returns, for taxable years beginning after
17December 31, 2000
, and before January 1, 2002:
AB1-ASA1-AA29,2,2019
71.06
(2) (h) (intro.) For married persons filing separately, for taxable years
20beginning after December 31, 2000
, and before January 1, 2002:
AB1-ASA1-AA29,3,2123
71.06
(2e) Bracket indexing. For taxable years beginning after
24December 31, 1998, and before January 1, 2000,
and for taxable years beginning
25after December 31, 2001, the maximum dollar amount in each tax bracket, and the
1corresponding minimum dollar amount in the next bracket, under subs. (1m) and (2)
2(c) and (d), and for taxable years beginning after December 31, 1999,
and before
3January 1, 2002, the maximum dollar amount in each tax bracket, and the
4corresponding minimum dollar amount in the next bracket, under subs. (1n), (1p),
5and (2) (e), (f), (g), and (h), shall be increased each year by a percentage equal to the
6percentage change between the U.S. consumer price index for all urban consumers,
7U.S. city average, for the month of August of the previous year and the U.S. consumer
8price index for all urban consumers, U.S. city average, for the month of August 1997,
9as determined by the federal department of labor, except that for taxable years
10beginning after December 31, 2000, and before January 1, 2002, the dollar amount
11in the top bracket under subs. (1p) (c) and (d), (2) (g) 3. and 4. and (h) 3. and 4. shall
12be increased by a percentage equal to the percentage change between the U.S.
13consumer price index for all urban consumers, U.S. city average, for the month of
14August of the previous year and the U.S. consumer price index for all urban
15consumers, U.S. city average, for the month of August 1999, as determined by the
16federal department of labor. Each amount that is revised under this subsection shall
17be rounded to the nearest multiple of $10 if the revised amount is not a multiple of
18$10 or, if the revised amount is a multiple of $5, such an amount shall be increased
19to the next higher multiple of $10. The department of revenue shall annually adjust
20the changes in dollar amounts required under this subsection and incorporate the
21changes into the income tax forms and instructions.
AB1-ASA1-AA29,4,1123
71.06
(2s) (b) For taxable years beginning after December 31, 1997, and before
24January 1, 2000,
and for taxable years beginning after December 31, 2001, with
25respect to nonresident individuals, including individuals changing their domicile
1into or from this state, the tax brackets under subs. (1m) and (2) (c) and (d) shall be
2multiplied by a fraction, the numerator of which is Wisconsin adjusted gross income
3and the denominator of which is federal adjusted gross income. In this paragraph,
4for married persons filing separately "adjusted gross income" means the separate
5adjusted gross income of each spouse, and for married persons filing jointly "adjusted
6gross income" means the total adjusted gross income of both spouses. If an individual
7and that individual's spouse are not both domiciled in this state during the entire
8taxable year, the tax brackets under subs. (1m) and (2) (c) and (d) on a joint return
9shall be multiplied by a fraction, the numerator of which is their joint Wisconsin
10adjusted gross income and the denominator of which is their joint federal adjusted
11gross income.
AB1-ASA1-AA29,5,213
71.06
(2s) (d) For taxable years beginning after December 31, 2000,
and before
14January 1, 2002, with respect to nonresident individuals, including individuals
15changing their domicile into or from this state, the tax brackets under subs. (1p) and
16(2) (g) and (h) shall be multiplied by a fraction, the numerator of which is Wisconsin
17adjusted gross income and the denominator of which is federal adjusted gross
18income. In this paragraph, for married persons filing separately "adjusted gross
19income" means the separate adjusted gross income of each spouse, and for married
20persons filing jointly "adjusted gross income" means the total adjusted gross income
21of both spouses. If an individual and that individual's spouse are not both domiciled
22in this state during the entire taxable year, the tax brackets under subs. (1p) and (2)
23(g) and (h) on a joint return shall be multiplied by a fraction, the numerator of which
1is their joint Wisconsin adjusted gross income and the denominator of which is their
2joint federal adjusted gross income.".
