71.05 (6) (b) 35. For taxable years beginning after December 31, 2005, an amount paid by an individual who is the employee of another person if the individual's employer pays no amount of money toward the individual's medical care insurance, for medical care insurance for the individual, his or her spouse, and the individual's dependents, calculated as follows:
a. One hundred percent of the amount paid by the individual for medical care insurance. In this subdivision, "medical care insurance" means a medical care insurance policy that covers the individual, his or her spouse, and the individual's dependents and provides surgical, medical, hospital, major medical, or other health service coverage, and includes payments made for medical care benefits under a self-insured plan, but "medical care insurance" does not include hospital indemnity policies or policies with ancillary benefits such as accident benefits or benefits for loss of income resulting from a total or partial inability to work because of illness, sickness, or injury.
b. From the amount calculated under subd. 35. a., subtract the amounts deducted from gross income for medical care insurance in the calculation of federal adjusted gross income.
c. For an individual who is a nonresident or part-year resident of this state, multiply the amount calculated under subd. 35. a. or b., by a fraction the numerator of which is the individual's wages, salary, tips, unearned income, and net earnings from a trade or business that are taxable by this state and the denominator of which is the individual's total wages, salary, tips, unearned income, and net earnings from a trade or business. In this subd. 35. c., for married persons filing separately "wages, salary, tips, unearned income, and net earnings from a trade or business" means the separate wages, salary, tips, unearned income, and net earnings from a trade or business of each spouse, and for married persons filing jointly "wages, salary, tips, unearned income, and net earnings from a trade or business" means the total wages, salary, tips, unearned income, and net earnings from a trade or business of both spouses.
d. Reduce the amount calculated under subd. 35. a., b., or c. to the individual's aggregate wages, salary, tips, unearned income, and net earnings from a trade or business that are taxable by this state.
SECTION 1288f. 71.05 (6) (b) 36. of the statutes is created to read:
71.05 (6) (b) 36. For taxable years beginning after December 31, 2006, and before January 1, 2008, an amount paid by an individual, other than a person to whom subd. 19. applies, who has no employer and no self-employment income, for medical care insurance for the individual, his or her spouse, and the individual's dependents, calculated as follows:
a. Thirty-three and four-tenths percent of the amount paid by the individual for medical care insurance. In this subdivision, "medical care insurance" means a medical care insurance policy that covers the individual, his or her spouse, and the individual's dependents and provides surgical, medical, hospital, major medical, or other health service coverage, and includes payments made for medical care benefits under a self-insured plan, but "medical care insurance" does not include hospital indemnity policies or policies with ancillary benefits such as accident benefits or benefits for loss of income resulting from a total or partial inability to work because of illness, sickness, or injury.
b. From the amount calculated under subd. 36. a., subtract the amounts deducted from gross income for medical care insurance in the calculation of federal adjusted gross income.
c. For an individual who is a nonresident or part-year resident of this state, multiply the amount calculated under subd. 36. a. or b., by a fraction the numerator of which is the individual's wages, salary, tips, unearned income, and net earnings from a trade or business that are taxable by this state and the denominator of which is the individual's total wages, salary, tips, unearned income, and net earnings from a trade or business. In this subd. 36. c., for married persons filing separately "wages, salary, tips, unearned income, and net earnings from a trade or business" means the separate wages, salary, tips, unearned income, and net earnings from a trade or business of each spouse, and for married persons filing jointly "wages, salary, tips, unearned income, and net earnings from a trade or business" means the total wages, salary, tips, unearned income, and net earnings from a trade or business of both spouses.
d. Reduce the amount calculated under subd. 36. a., b., or c. to the individual's aggregate wages, salary, tips, unearned income, and net earnings from a trade or business that are taxable by this state.
SECTION 1288g. 71.05 (6) (b) 37. of the statutes is created to read:
71.05 (6) (b) 37. For taxable years beginning after December 31, 2007, and before January 1, 2009, an amount paid by an individual, other than a person to whom subd. 19. applies, who has no employer and no self-employment income, for medical care insurance for the individual, his or her spouse, and the individual's dependents, calculated as follows:
a. Sixty-six and seven-tenths percent of the amount paid by the individual for medical care insurance. In this subdivision, "medical care insurance" means a medical care insurance policy that covers the individual, his or her spouse, and the individual's dependents and provides surgical, medical, hospital, major medical, or other health service coverage, and includes payments made for medical care benefits under a self-insured plan, but "medical care insurance" does not include hospital indemnity policies or policies with ancillary benefits such as accident benefits or benefits for loss of income resulting from a total or partial inability to work because of illness, sickness, or injury.
b. From the amount calculated under subd. 37. a., subtract the amounts deducted from gross income for medical care insurance in the calculation of federal adjusted gross income.
c. For an individual who is a nonresident or part-year resident of this state, multiply the amount calculated under subd. 37. a. or b., by a fraction the numerator of which is the individual's wages, salary, tips, unearned income, and net earnings from a trade or business that are taxable by this state and the denominator of which is the individual's total wages, salary, tips, unearned income, and net earnings from a trade or business. In this subd. 37. c., for married persons filing separately "wages, salary, tips, unearned income, and net earnings from a trade or business" means the separate wages, salary, tips, unearned income, and net earnings from a trade or business of each spouse, and for married persons filing jointly "wages, salary, tips, unearned income, and net earnings from a trade or business" means the total wages, salary, tips, unearned income, and net earnings from a trade or business of both spouses.
d. Reduce the amount calculated under subd. 37. a., b., or c. to the individual's aggregate wages, salary, tips, unearned income, and net earnings from a trade or business that are taxable by this state.
SECTION 1288h. 71.05 (6) (b) 38. of the statutes is created to read:
71.05 (6) (b) 38. For taxable years beginning after December 31, 2008, an amount paid by an individual, other than a person to whom subd. 19. applies, who has no employer and no self-employment income, for medical care insurance for the individual, his or her spouse, and the individual's dependents, calculated as follows:
a. One hundred percent of the amount paid by the individual for medical care insurance. In this subdivision, "medical care insurance" means a medical care insurance policy that covers the individual, his or her spouse, and the individual's dependents and provides surgical, medical, hospital, major medical, or other health service coverage, and includes payments made for medical care benefits under a self-insured plan, but "medical care insurance" does not include hospital indemnity policies or policies with ancillary benefits such as accident benefits or benefits for loss of income resulting from a total or partial inability to work because of illness, sickness, or injury.
b. From the amount calculated under subd. 38. a., subtract the amounts deducted from gross income for medical care insurance in the calculation of federal adjusted gross income.
c. For an individual who is a nonresident or part-year resident of this state, multiply the amount calculated under subd. 38. a. or b., by a fraction the numerator of which is the individual's wages, salary, tips, unearned income, and net earnings from a trade or business that are taxable by this state and the denominator of which is the individual's total wages, salary, tips, unearned income, and net earnings from a trade or business. In this subd. 38. c., for married persons filing separately "wages, salary, tips, unearned income, and net earnings from a trade or business" means the separate wages, salary, tips, unearned income, and net earnings from a trade or business of each spouse, and for married persons filing jointly "wages, salary, tips, unearned income, and net earnings from a trade or business" means the total wages, salary, tips, unearned income, and net earnings from a trade or business of both spouses.
d. Reduce the amount calculated under subd. 38. a., b., or c. to the individual's aggregate wages, salary, tips, unearned income, and net earnings from a trade or business that are taxable by this state.".
3.
Page 636, line 20: after that line insert:
"SECTION 1311e. 71.07 (5) (a) 15. of the statutes is amended to read:
71.07 (5) (a) 15. The amount claimed as a deduction for medical care insurance under section 213 of the Internal Revenue Code that is exempt from taxation under s. 71.05 (6) (b) 17. to 20., 35., 36., 37., and 38. and the amount claimed as a deduction for a long-term care insurance policy under section 213 (d) (1) (D) of the Internal Revenue Code, as defined in section 7702B (b) of the Internal Revenue Code that is exempt from taxation under s. 71.05 (6) (b) 26.".
4.
Page 1116, line 3: after that line insert:
"(2m) SUBTRACT MODIFICATION; MEDICAL INSURANCE PREMIUMS. The treatment of section 71.07 (5) (a) 15. of the statutes first applies to taxable years beginning on January 1, 2006.".
(End)
LRBb0356LRBb0356/P3
JK:lmk&wlj:jf
2005 - 2006 LEGISLATURE
LFB:......Reinhardt - Sales tax on transactions between affiliated businesses
For 2005-07 Budget -- Not Ready For Introduction
ASSEMBLY AMENDMENT ,
TO 2005 ASSEMBLY BILL 100
At the locations indicated, amend the bill as follows:
1.
Page 817, line 12: after that line insert:
"SECTION 1632m. 77.54 (49) of the statutes is created to read:
77.54 (49) The gross receipts from the sale of and the storage, use, or other consumption of taxable services and tangible personal property that is physically transferred to the purchaser as a necessary part of services that are subject to the taxes imposed under s. 77.52 (2) (a) 7., 10., 11., and 20., if the seller and the purchaser of such services and property are members of the same affiliated group under section 1504 of the Internal Revenue Code and are eligible to file a single consolidated return for federal income tax purposes. For purposes of this subsection, if a seller purchases a taxable service or tangible personal property, as described in the subsection, that is subsequently sold to a member of the seller's affiliated group and the sale is exempt under this subsection from the taxes imposed under this subchapter, the original purchase of the taxable service or tangible personal property by the seller is not considered a sale for resale or exempt under this subsection.".
2.
Page 1131, line 3: after that line insert:
"(7v) TRANSACTIONS BETWEEN AFFILIATED BUSINESSES. The treatment of section 77.54 (49) of the statutes takes effect on the first day of the 2nd month beginning after publication.".
(End)
LRBb0357LRBb0357/1
MES:wlj:pg
2005 - 2006 LEGISLATURE
LFB:......Reinhardt - Exempt from taxation all social security benefits; 5-year phase-in
For 2005-07 Budget -- Not Ready For Introduction
ASSEMBLY AMENDMENT ,
TO 2005 ASSEMBLY BILL 100
At the locations indicated, amend the bill as follows:
1.
Page 630, line 6: after that line insert:
"SECTION 1286g. 71.05 (6) (b) 21. of the statutes is renumbered 71.05 (6) (b) 21. a. and amended to read:
71.05 (6) (b) 21. a. The For taxable years beginning before January 1, 2007, the difference between the amount of social security benefits included in federal adjusted gross income for the current year and the amount calculated under section 86 of the internal revenue code Internal Revenue Code as that section existed on December 31, 1992.
SECTION 1286h. 71.05 (6) (b) 21. b. of the statutes is created to read:
71.05 (6) (b) 21. b. For taxable years beginning after December 31, 2006, and before January 1, 2008, the difference between the amount of social security benefits included in federal adjusted gross income for the current year and 80 percent of the amount calculated under section 86 of the Internal Revenue Code as that section existed on December 31, 1992.
SECTION 1286i. 71.05 (6) (b) 21. c. of the statutes is created to read:
71.05 (6) (b) 21. c. For taxable years beginning after December 31, 2007, and before January 1, 2009, the difference between the amount of social security benefits included in federal adjusted gross income for the current year and 60 percent of the amount calculated under section 86 of the Internal Revenue Code as that section existed on December 31, 1992.
SECTION 1286j. 71.05 (6) (b) 21. d. of the statutes is created to read:
71.05 (6) (b) 21. d. For taxable years beginning after December 31, 2008, and before January 1, 2010, the difference between the amount of social security benefits included in federal adjusted gross income for the current year and 40 percent of the amount calculated under section 86 of the Internal Revenue Code as that section existed on December 31, 1992.
SECTION 1286k. 71.05 (6) (b) 21. e. of the statutes is created to read:
71.05 (6) (b) 21. e. For taxable years beginning after December 31, 2009, and before January 1, 2011, the the difference between the amount of social security benefits included in federal adjusted gross income for the current year and 20 percent of the amount calculated under section 86 of the Internal Revenue Code as that section existed on December 31, 1992.
SECTION 1286L. 71.05 (6) (b) 21. f. of the statutes is created to read:
71.05 (6) (b) 21. f. For taxable years beginning after December 31, 2010, the amount of social security benefits included in federal adjusted gross income under section 86 of the Internal Revenue Code.".
(End)
LRBb0358LRBb0358/P2
JK:lmk:jf
2005 - 2006 LEGISLATURE
LFB:......Reinhardt - Sales tax on services provided by temporary help companies
For 2005-07 Budget -- Not Ready For Introduction
ASSEMBLY AMENDMENT ,
TO 2005 ASSEMBLY BILL 100
At the locations indicated, amend the bill as follows:
1.
Page 817, line 12: after that line insert:
"SECTION 1632n. 77.54 (50) of the statutes is created to read:
77.54 (50) The gross receipts from the sale of taxable services provided by a temporary help company, as defined in s. 108.02 (24m), if the client for whom the services are provided controls the means of performing the services and is responsible for the satisfactory completion of the services.".
2.
Page 1131, line 3: after that line insert:
"(7w) TEMPORARY HELP COMPANY. The treatment of section 77.54 (50) of the statutes takes effect on July 1, 2007.".
(End)
LRBb0359LRBb0359/1
MES:lmk:pg
2005 - 2006 LEGISLATURE
LFB:......Reinhardt - Increase the armed forces member individual income tax credit
For 2005-07 Budget -- Not Ready For Introduction
ASSEMBLY AMENDMENT ,
TO 2005 ASSEMBLY BILL 100
At the locations indicated, amend the bill as follows:
1.
Page 636, line 20: after that line insert:
"SECTION 1311m. 71.07 (6m) (b) of the statutes is renumbered 71.07 (6m) (b) (intro.) and amended to read:
71.07 (6m) (b) Filing claims. (intro.) Subject to the limitations and conditions provided in this subsection, a claimant may claim as a credit against the tax imposed under s. 71.02, up to the amount of those taxes, one of the following amounts:
1. For taxable years beginning before January 1, 2006, an amount up to $200 of military income for services performed by the claimant while he or she is stationed outside of the United States.
SECTION 1311n. 71.07 (6m) (b) 2. of the statutes is created to read:
71.07 (6m) (b) 2. For taxable years beginning after December 31, 2005, an amount up to $300 of military income for services performed by the claimant while he or she is stationed outside of the United States.".
(End)
LRBb0360LRBb0360/P2
JK:cmh:pg
2005 - 2006 LEGISLATURE
LFB:......Reinhardt - Sales tax retailer's discount
For 2005-07 Budget -- Not Ready For Introduction
ASSEMBLY AMENDMENT ,
TO 2005 ASSEMBLY BILL 100
At the locations indicated, amend the bill as follows:
1.
Page 828, line 18: after "of" insert "the first $50,000, and 0.2% of any amount exceeding $50,000, of".
2.
Page 1119, line 3: after that line insert:
"(18n) RETAILER'S DISCOUNT. The treatment of section 77.61 (4) (c) of the statutes first applies to the taxes imposed and collected on January 1, 2006.".
3.
Page 1129, line 4: delete "77.61 (4) (c),".
(End)
LRBb0361LRBb0361/1
JK:cmh:rs
2005 - 2006 LEGISLATURE
LFB:......Reinhardt - Sales tax exemption for clay pigeons
For 2005-07 Budget -- Not Ready For Introduction
ASSEMBLY AMENDMENT ,
TO 2005 ASSEMBLY BILL 100
At the locations indicated, amend the bill as follows:
1.
Page 817, line 6: after that line insert:
"SECTION 1631m. 77.54 (47) of the statutes is renumbered 77.54 (47) (intro.) and amended to read:
77.54 (47) (intro.) The gross receipts from the sale of and the storage, use, or other consumption of live all of the following:
(a) Live game birds, and clay pigeons, that are sold to bird hunting preserves licensed under s. 169.19.
