-Date 2024of LEGISLATUREenactment: LRB-5624/1 JK:cjs ASSEMBLY BILL 1022 January 29, 2024 - Introduced by RepresentativCHUTT, ATSMA, KRUG, ALLEN, A RMSTRONG, A UGUST, B EHNKE, B INSFEL, B ORN, B RANDTJEN, DITTRICH, D ONOVAN, E DMING, G OEBEN, GREEN , GUNDRUM , H URD, K URTZ, MACCO , M AGNAFICI, AXEY, MELOTIK, MOSE, MURPHY, MURSAU, NEDWESKI, 'CONNOR , O LDENBURG, PENTERMAN , PETRYK, PLUMER , RETTINGE, SCHMIDT, SCHRAA , S NYDER, SORTWELL , SPIRO, S TEFFEN, TRANEL, W ICHGERS, W ITTKE and S WEARINGEN, cosponsored by Senators B ALLWEG , STROEBEL, B RADLEY, C ABRAL-GUEVARA, FELZKOWSKI, FEYEN , AGLER , MARKLEIN, NASS, Q UINN, T ESTI, WANGGAARD and TOMCZYK .

ReferredAssembly toBill Joint1022 CommitteeDate onof Finance.publication*:

WISCONSIN ACT A N A CT to amend 71.07 (6) (am) 2.

AnalysisThe bypeople the Legislative Reference Bureau Under current law, married persons filing a joint income tax return may claim an income tax credit equal to 3 percent of the earnedstate income for a taxable year of theWisconsin, spouserepresented within the lower earned income, upbut tonot amore maximumthan credit of $480.

Thissenate billand increasesassembly, thedo maximumenact creditas amountfollows: to $870.

ForS furtherECTION information2. 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.

d.e.

of the statutes is amendedcre- toS read:ECTION 1.

For taxable years beginning after December 31, 2000, and before January 1, 2024, 3 percent of the earnedstatutes incomeis ofated theto spouseread: with the lower earned income, but not more than $480.

SECTIONamended 2.to read:

71.0771.07(6) (6) (am) 2.

ofFor thetaxable statutesyears isbeginning createdafter to71.07(6) read:(am) 2.

-d. 2024 Legislature - 2 - LRB-5624/1 JK:cjs ASSEMBLY BILL 1022 SECTION 2 71.07 (6) (am) 2.

e.For taxable years beginning after December 31, 2023, 3 percent of the earned income of December 31, 2000, and before January 1, 2024, 3 per- the spouse with the lower earned income, but not more cent of the earned income of the spouse with the lower than $870.

For* taxableSection years991.11ISCONSISTATUTES: beginning after December 31, 2023, 3 percent of the earned income of the spouse with the lower earned income, but not more than $870.

(END)Effective date of acts.

“Every act and every portion of an act enacted by the legislature over the governor’s partial veto which does not expressly prescribe the time when it takes effect shall take effect on the day after its date of publication.”