LRB-2280/9
JK&MES:kmg:rs
2003 - 2004 LEGISLATURE
January 29, 2004 - Introduced by Representatives Wieckert, Ainsworth, M.
Lehman, Nischke, Kreibich, Musser, Hines, Vrakas, Towns, Albers,
Petrowski, Bies, Townsend, F. Lasee, Van Roy, Gunderson and Hundertmark,
cosponsored by Senators Darling, Welch, Stepp, Reynolds, Harsdorf,
Roessler and Zien. Referred to Committee on Insurance.
AB775,1,3
1An Act to create subchapter XVI of chapter 71 [precedes 71.98] of the statutes;
2relating to: adopting federal law as it relates to health savings accounts for
3state income and franchise tax purposes.
Analysis by the Legislative Reference Bureau
This bill adopts, for state income and franchise tax purposes, section 1201 of
Public Law 108-173 as it relates to claiming a deduction for an amount that a person
pays into a health savings account.
This bill will be referred to the Joint Survey Committee on Tax Exemptions for
a detailed analysis, which will be printed as an appendix to this 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:
AB775, s. 1
4Section
1. Subchapter XVI of chapter 71 [precedes 71.98] of the statutes is
5created to read:
AB775,2,32
subchapter xvi
3
Internal revenue code update
AB775,2,5
471.98 Internal Revenue Code update. The following federal laws, to the
5extent that they apply to the Internal Revenue Code, apply to this chapter:
AB775,2,7
6(1) Health savings accounts. Section 1201 of P.L.
108-173, to the extent that
7it relates to health savings accounts.
AB775,2,129
(1) This act first applies to taxable years beginning on January 1 of the year
10in which this subsection takes effect, except that if this subsection takes effect after
11July 31 this act first applies to taxable years beginning on January 1 of the year
12following the year in which this subsection takes effect.
