LRB-3207/1
MES:jld:rs
2003 - 2004 LEGISLATURE
November 4, 2003 - Introduced by Senators Hansen, Lassa, Moore, Chvala and
Erpenbach, cosponsored by Representatives Sinicki, J. Lehman, Suder,
Turner, Albers, Berceau, Gronemus, Taylor, Pocan and Boyle. Referred to
Joint Survey Committee on Tax Exemptions.
SB301,1,2
1An Act to repeal and recreate 71.05 (6) (b) 8. of the statutes;
relating to:
2exempting from taxation unemployment compensation benefits.
Analysis by the Legislative Reference Bureau
Under current law, there is a partial exemption from taxation for
unemployment compensation benefits. This bill changes current law by exempting
from taxation all unemployment compensation benefits.
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:
SB301, s. 1
3Section
1. 71.05 (6) (b) 8. of the statutes is repealed and recreated to read:
SB301,1,54
71.05
(6) (b) 8. All unemployment compensation benefits received in the year
5to which the income tax return relates.
SB301,2,4
1(1) This act first applies to taxable years beginning on January 1 of the year
2in which this subsection takes effect, except that if this subsection takes effect after
3July 31 this act first applies to taxable years beginning on January 1 of the year
4following the year in which this subsection takes effect.
