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71.05
(6) (b) 34. a. Subject to subd. 34. c., for a single individual or for a married
5individual who files a separate return, the first $25,000 of the individual's federal
6adjusted gross income.
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b. Subject to subd. 34. c., for a married couple that files a joint return, the first
8$50,000 of the married couple's federal adjusted gross income.
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c. For an individual, or married couple, to whom subd. 34. a. or b. applies and
10who is a nonresident or part-year resident of this state, multiply the applicable
11amount under subd. 34. a. or b. by a fraction the numerator of which is the
12individual's or married couple's wages, salary, tips, unearned income, and net
1earnings from a trade or business that are taxable by this state and the denominator
2of which is the individual's total wages, salary, tips, unearned income, and net
3earnings from a trade or business. In this subd. 34. c., for married persons filing
4separately "wages, salary, tips, unearned income, and net earnings from a trade or
5business" means the separate wages, salary, tips, unearned income, and net earnings
6from a trade or business of each spouse, and for married persons filing jointly "wages,
7salary, tips, unearned income, and net earnings from a trade or business" means the
8total wages, salary, tips, unearned income, and net earnings from a trade or business
9of both spouses.".
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11"(4e)
Exempt certain amounts of income from taxation. The treatment of
12section 71.05 (6) (b) 34. of the statutes first applies to taxable years beginning on
13January 1, 2003.".
