LRBs0063/1
MES:jld:jf
2007 - 2008 LEGISLATURE
SENATE SUBSTITUTE AMENDMENT 1,
TO 2007 SENATE BILL 78
May 15, 2007 - Offered by Senator
Roessler.
SB78-SSA1,1,3
1An Act to create 71.05 (6) (b) 39. and 71.07 (5) (a) 9. of the statutes;
relating
2to: creating an individual income tax deduction for certain amounts of mileage
3reimbursement received by volunteer drivers.
Analysis by the Legislative Reference Bureau
Generally, if a volunteer driver for a charitable organization is reimbursed for
his or her mileage expenses, the volunteer must, under current federal law, claim the
amount of the reimbursement as taxable income. Also under current federal law, the
volunteer may claim an income tax charitable deduction for his or her mileage
expenses at the current statutory mileage rate of 14 cents per mile. In general,
Wisconsin conforms to these federal laws.
Under this substitute amendment, a volunteer driver for a charitable
organization may deduct from income any amount of mileage reimbursement that
he or she receives for mileage expenses incurred as a volunteer driver, although the
individual may not claim the reimbursed amount under the itemized deductions
credit.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
SB78-SSA1, s. 1
1Section
1. 71.05 (6) (b) 39. of the statutes is created to read:
SB78-SSA1,2,42
71.05
(6) (b) 39. Any amount of mileage reimbursement received by an
3individual for his or her mileage expenses incurred as a volunteer driver for a
4charitable organization, as defined in s. 29.89 (1).
SB78-SSA1, s. 2
5Section
2. 71.07 (5) (a) 9. of the statutes is created to read:
SB78-SSA1,2,86
71.07
(5) (a) 9. The amount claimed as a deduction for mileage expenses under
7section
170 of the Internal Revenue Code to the extent that such an amount is also
8claimed as a subtract modification under s. 71.05 (6) (b) 39.
SB78-SSA1,2,1310
(1) This act first applies to taxable years beginning on January 1 of the year
11in which this subsection takes effect, except that if this subsection takes effect after
12July 31 this act first applies to taxable years beginning on January 1 of the year
13following the year in which this subsection takes effect.
