SECTION 1. 71.54 (2m) of the statutes is created to read:
71.54 (2m) INDEXING FOR INFLATION; 2008 AND THEREAFTER. (a) For taxable years beginning after December 31, 2007, the dollar amount for the maximum household income under sub. (1) (f) 3. shall be increased each year by a percentage equal to the percentage change between the U.S. consumer price index for all urban consumers, U.S. city average, for the month of August of the previous year and the U.S. consumer price index for all urban consumers, U.S. city average, for the month of August 2006, as determined by the federal department of labor. The amount that is revised under this paragraph shall be rounded to the nearest multiple of $10 if the revised amount is not a multiple of $10 or, if the revised amount is a multiple of $5, such an amount shall be increased to the next higher multiple of $10. The department of revenue shall annually adjust the changes in dollar amounts required under this paragraph and incorporate the changes into the income tax forms and instructions.
(b) The department of revenue shall annually adjust the slope under sub. (1) (f) 2. such that as a claimant's income increases from the threshold income under sub. (1) (f) 1. and 2., to an amount that exceeds the maximum household income as calculated under par. (a), the credit that may be claimed is reduced to $0 and the department of revenue shall incorporate the changes into the income tax forms and instructions.
(End)
LRB-1303LRB-1303/5
MES:wlj:jf
2007 - 2008 LEGISLATURE
DOA:......Easton, BB0270 - Increase and expand the individual income tax college tuition deduction; prevent double benefit from college tuition deduction and EdVest deduction
For 2007-09 Budget -- Not Ready For Introduction
2007 BILL
AN ACT ...; relating to: increasing and expanding the college tuition individual income tax deduction and coordinating the individual income tax treatments of the tuition expenses deduction and the EdVest deduction.
Analysis by the Legislative Reference Bureau
taxation
Income taxation
Current law provides a subtraction from federal adjusted gross income for a certain amount paid by a claimant for tuition to attend a university, college, technical college, or other school that is approved by the Educational Approval Board and that is located in this state or that is subject to the Minnesota-Wisconsin reciprocity agreement. The amount of the subtraction may not exceed twice the average amount charged by the Board of Regents of the University of Wisconsin System at four-year institutions for resident undergraduate tuition for the most recent fall semester. Currently, the maximum allowable subtraction is $4,536 and is phased out at certain income levels.
Also under current law, nonresidents and part-year residents of this state may claim a prorated amount of the subtraction based on the ratio of the individual's wages, income, and net earnings from a trade or business that are taxable by this state to the individual's total wages, income, and net earnings from a trade or business. The subtraction is further limited to the total wages, income, and net earnings from a trade or business taxable by this state.
This bill increases the amount of the allowable subtraction to $6,000 and expands the subtraction to include mandatory fees paid to an eligible institution.
Under current law, an individual may not claim an income tax deduction for college tuition expenses if the source of the payment is an amount withdrawn from either a college tuition and expenses program or a college savings account (commonly known as EdVest I and EdVest II) and if the claimant has already claimed a deduction that relates to a contribution to an EdVest I or II account.
Under this bill, an individual may not claim an income tax deduction for college tuition expenses if the source of the payment is an amount withdrawn from either an EdVest I or II account and if the owner of the account has already claimed a deduction that relates to a contribution to an EdVest I or II account.
Because this bill relates to an exemption from state or local taxes, it may be referred to the Joint Survey Committee on Tax Exemptions for a report to be printed as an appendix to the bill.
For further information see the state fiscal estimate, which will be printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
SECTION 1. 71.05 (6) (b) 28. (intro.) of the statutes is amended to read:
71.05 (6) (b) 28. (intro.) An amount paid by a claimant for tuition expenses and mandatory student fees for a student who is the claimant or who is the claimant's child and the claimant's dependent who is claimed under section 151 (c) of the Internal Revenue Code, to attend any university, college, technical college or a school approved under s. 38.50, that is located in Wisconsin or to attend a public vocational school or public institution of higher education in Minnesota under the Minnesota-Wisconsin reciprocity agreement under s. 39.47, calculated as follows:
SECTION 2. 71.05 (6) (b) 28. a. of the statutes is amended to read:
71.05 (6) (b) 28. a. An amount equal to one of the following per student for each year to which the claim relates: for taxable years beginning before January 1, 2007, not more than twice the average amount charged by the board of regents of the University of Wisconsin System at 4-year institutions for resident undergraduate academic fees for the most recent fall semester, as determined by the board of regents by September 1 of that semester, per student for each year to which the claim relates; for taxable years beginning after December 31, 2006, $6,000.
SECTION 3. 71.05 (6) (b) 28. h. of the statutes is amended to read:
71.05 (6) (b) 28. h. No modification may be claimed under this subdivision for an amount paid for tuition expenses and mandatory student fees, as described under this subdivision, if the source of the payment is an amount withdrawn from a college savings account, as described in s. 14.64 or from a college tuition and expenses program, as described in s. 14.63, and if the claimant owner of the account has claimed a deduction under subd. 32. or 33. that relates to such an amount.
****NOTE: This is reconciled s. 71.05 (6) (b) 28. h. This SECTION has been affected by drafts with the following LRB numbers: 1303 and 0840.
SECTION 9341. Initial applicability; Revenue.
(1) SUBTRACT MODIFICATION FOR TUITION EXPENSES. The treatment of section 71.05 (6) (b) 28. (intro.) and h. of the statutes first applies to taxable years beginning on January 1, 2007.
(End)
LRB-1305LRB-1305/6
RAC:jld:sh
2007 - 2008 LEGISLATURE
DOA:......Reines, BB0269 - Appropriation lapses and fund transfers
For 2007-09 Budget -- Not Ready For Introduction
2007 BILL
AN ACT ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
state government
State finance
The bill requires the secretary of administration to lapse to the general fund or transfer to the general fund from the unencumbered balances of state operations appropriations, other than sum sufficient appropriations and appropriations of federal revenues, an amount equal to $40,000,000 during each fiscal year of the 2007-09 and 2009-11 fiscal biennia.
For further information see the state and local fiscal estimate, which will be printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
SECTION 9201. Fiscal changes; Administration.
(1) LAPSE OR TRANSFER OF ANY UNENCUMBERED MONEYS IN APPROPRIATION ACCOUNTS AND FUNDS.
(a) Notwithstanding sections 20.001 (3) (a) to (c) and 25.40 (3) of the statutes, but subject to paragraph (b), the secretary of administration shall lapse to the general fund or transfer to the general fund from the unencumbered balances of state operations appropriations, other than sum sufficient appropriations and appropriations of federal revenues, an amount equal to $40,000,000 during each fiscal year of the 2007-09 and 2009-11 fiscal biennia.
(b) The secretary of administration may not lapse or transfer moneys under paragraph (a) if the lapse or transfer would violate a condition imposed by the federal government on the expenditure of the moneys or if the lapse or transfer would violate the federal or state constitution.
(End)
LRB-1307LRB-1307/2
CTS:wlj&jld:nwn
2007 - 2008 LEGISLATURE
DOA:......Griffin, BB0268 - LEAN manufacturing initiative
For 2007-09 Budget -- Not Ready For Introduction
2007 BILL
AN ACT ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
commerce and economic development
Economic development
This bill authorizes the Department of Commerce to make a grant to a technology-based nonprofit organization to assist manufacturers in this state in adopting process improvements that result in the production of more goods of higher quality with less effort. Under the bill, the Department of Commerce may not award more than $1,500,000 in such grants in a fiscal biennium.
For further information see the state fiscal estimate, which will be printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
SECTION 1. 560.251 of the statutes is created to read:
560.251 Manufacturing technology grants. (1) The department may make a grant from the appropriation under s. 20.143 (1) (c) or (ie) to a technology-based nonprofit organization, as defined in s. 560.25 (1) (d), to provide funding to assist manufacturers in this state in the adoption of manufacturing process improvements that result in the production of more goods of higher quality with less effort if all of the following apply:
(a) The technology-based nonprofit organization submits to the department a plan detailing its proposed expenditures and performance measures related to the project.
(b) The secretary approves the plan submitted under par. (a).
(2) The department may not award in a fiscal biennium more than $1,500,000 in grants under this section.
(End)
LRB-1309LRB-1309/2
RPN:jld:jf
2007 - 2008 LEGISLATURE
DOA:......Palchik, BB0267 - Disaster assistance appropriation change
For 2007-09 Budget -- Not Ready For Introduction
2007 BILL
AN ACT ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
Veterans and military affairs
This bill changes the annual appropriation from the petroleum inspection fund for major disaster assistance to a continuing appropriation.
For further information see the state fiscal estimate, which will be printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
SECTION 1. 20.465 (3) (s) of the statutes is amended to read:
20.465 (3) (s) Major disaster assistance; petroleum inspection fund. From the petroleum inspection fund, as a continuing appropriation, the amounts in the schedule to provide payments for damages and costs incurred as the result of a major disaster.
****NOTE: This SECTION involves a change in an appropriation that must be reflected in the revised schedule in s. 20.005, stats.
SECTION 9234. Fiscal changes; Military Affairs.
(1) MAJOR DISASTER ASSISTANCE. In addition to the amounts in the schedule, in the schedule under section 20.005 (3) of the statutes for the appropriation to the department of military affairs under section 20.465 (3) (s) of the statutes, as affected by the acts of 2007, the dollar amount is increased by an amount equal to the unencumbered balance in the appropriation under section 20.465 (3) (s), 2005 stats., immediately before the lapse of any money remaining in that appropriation on June 30, 2007.
(End)
LRB-1311LRB-1311/1
PJK:jld:jf
2007 - 2008 LEGISLATURE
DOA:......Pink, BB0278 - Social security number exemption
For 2007-09 Budget -- Not Ready For Introduction
2007 BILL
AN ACT ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
Health and human services
Public assistance
Under current law, an applicant for any public assistance program is required to provide proof of his or her social security number or that he or she has applied for one. There are two exceptions: 1) a child who is under one year of age and who is eligible for the Medical Assistance (MA) program because he or she was born to a pregnant woman eligible for MA; and 2) an unborn child receiving prenatal care under the Badger Care health care program (BadgerCare). This bill adds another exception: a person who is applying for MA, BadgerCare, or the program for prescription drug assistance for elderly persons (known as SeniorCare) and who refuses to obtain a social security number because of well-established religious objections, as defined under federal regulations.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
SECTION 1. 49.82 (2) of the statutes is renumbered 49.82 (2) (a) and amended to read:
49.82 (2) (a) Proof shall be provided Except as provided in par. (b), for each person included in an application for public assistance under this chapter, except for a child who is eligible for medical assistance under s. 49.46 or 49.47 because of 42 USC 1396a (e) (4) or an unborn child who is eligible for coverage under the Badger Care health care program under s. 49.665 (4) (ap), proof shall be provided of his or her social security number or that an application for a social security number has been made.
