LRB-0589/2
MES:lmk&jld:pg
2005 - 2006 LEGISLATURE
February 3, 2005 - Introduced by Representatives Gunderson, Ballweg,
Ainsworth, Albers, Freese, Gronemus, Jeskewitz, Kerkman, F. Lasee,
Musser, Nass, Ott, Owens, Petrowski, Pettis, Stone, Vrakas and Vos,
cosponsored by Senators Olsen, Kedzie, Lassa, Roessler and Reynolds.
Referred to Committee on Ways and Means. Referred to Joint Survey
Committee on Tax Exemptions.
AB73,1,3
1An Act to amend 71.64 (8) (b) of the statutes;
relating to: the amount of the
2exemption from income tax withholding requirements for employees of a county
3fair association.
Analysis by the Legislative Reference Bureau
Under current law, in general, every employer must withhold from an
employee's wages an amount that is determined by the Department of Revenue
(DOR) according to withholding tables that are prepared by DOR. Current law
exempts from this withholding requirement any county fair association, with regard
to an employee who receives less than $100 annually in wages or salary from the
association.
This bill increases the exemption amount to $500.
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:
AB73, s. 1
4Section
1. 71.64 (8) (b) of the statutes is amended to read:
AB73,2,3
171.64
(8) (b) This subchapter shall not apply to any county fair association in
2regard to any employee receiving less than
$100 $500 annually in wages or salary
3from the association.
AB73,2,85
(1) This act first applies to taxable years beginning on January 1 of the year
6in which this subsection takes effect, except that if this subsection takes effect after
7July 31 this act first applies to taxable years beginning on January 1 of the year
8following the year in which this subsection takes effect.
