AB64-ASA1-AA4,1,1210
71.05
(23) (be) For taxable years beginning after December 31, 2016, a personal
11exemption calculated as follows if the taxpayer is required to file a return under s.
1271.03 (2) (a) 1. or 2.:
AB64-ASA1-AA4,2,8
11. For a single individual who has a Wisconsin adjusted gross income of less
2than $12,000, an exemption of $2,600. For a single individual who has a Wisconsin
3adjusted gross income of at least $12,000, the exemption is the amount obtained by
4subtracting from $2,600 3.96 percent of Wisconsin adjusted gross income in excess
5of $12,000 but not less than $0, except that if the single individual's Wisconsin
6adjusted gross income is more than $60,000, the individual may not claim the
7exemption under this paragraph but the individual may claim the exemption under
8par. (b).
AB64-ASA1-AA4,2,169
2. For a head of household who has a Wisconsin adjusted gross income of less
10than $14,000, an exemption of $2,600. For a head of household who has a Wisconsin
11adjusted gross income of at least $14,000, the exemption is the amount obtained by
12subtracting from $2,600 3.39 percent of Wisconsin adjusted gross income in excess
13of $14,000 but not less than $0, except that if the head of household's Wisconsin
14adjusted gross income is more than $70,000, the individual may not claim the
15exemption under this paragraph but the head of household may claim the exemption
16under par. (b).
AB64-ASA1-AA4,2,2517
3. For a married couple filing jointly that has an aggregate Wisconsin adjusted
18gross income of less than $20,000, an exemption of $5,200 for the married couple.
19For a married couple filing jointly that has an aggregate Wisconsin adjusted gross
20income of at least $20,000, the exemption is the amount obtained by subtracting, for
21the married couple, from $5,200 4.75 percent of aggregate Wisconsin adjusted gross
22income in excess of $20,000 but not less than $0, except that if the married couple's
23Wisconsin aggregate adjusted gross income is more than $100,000, the couple may
24not claim the exemption under this paragraph but the married couple may claim the
25exemption under par. (b).
AB64-ASA1-AA4,3,8
14. For a married individual filing separately who has a Wisconsin adjusted
2gross income of less than $10,000, an exemption of $2,600. For a married individual
3filing separately who has a Wisconsin adjusted gross income of at least $10,000, the
4exemption is the amount obtained by subtracting from $2,600 4.75 percent of
5Wisconsin adjusted gross income in excess of $10,000 but not less than $0, except that
6if the individual's Wisconsin adjusted gross income is more than $50,000, the
7individual may not claim the exemption under this paragraph but the individual
8may claim the exemption under par. (b).”.
AB64-ASA1-AA4,3,22
22“
Section 1047e. 71.07 (9e) (af) (intro.) of the statutes is amended to read:
AB64-ASA1-AA4,4,6
171.07
(9e) (af) (intro.) For taxable years beginning after December 31, 1995,
2and before January 1, 2011,
and for the taxable years beginning after December 31,
32017, any natural person may credit against the tax imposed under s. 71.02 an
4amount equal to one of the following percentages of the federal basic earned income
5credit for which the person is eligible for the taxable year under section
32 (b) (1) (A)
6to (C) of the Internal Revenue Code:
AB64-ASA1-AA4,1047f
7Section 1047f. 71.07 (9e) (aj) (intro.) of the statutes is amended to read:
AB64-ASA1-AA4,4,128
71.07
(9e) (aj) (intro.) For taxable years beginning after December 31, 2010,
9and before January 1, 2018, an individual may credit against the tax imposed under
10s. 71.02 an amount equal to one of the following percentages of the federal basic
11earned income credit for which the person is eligible for the taxable year under
12section
32 (b) (1) (A) to (C) of the Internal Revenue Code:”.