SB 9 — Relating to: adopting federal law changes to extend the time for filing individual income tax returns.

- 2022 LEGISLATURE LRBs0053/1LRB-0777/1 JK:emwJK:cdc SENATE SUBSTITUTE AMENDMENT 1, TO SENATE BILL 9 AprilJanuary 12,21, 2021 - OfferedIntroduced by Senators OOYENGAK andOOYENGA, RINGHANDL. .

ATAYLOR, NBALLWEG, ACARPENTER, CTCOWLES to, amendELZKOWSKI, 71.03FEYEN, (6)MARKLEIN, (a)NASS and 71.03W (8)ANGGAARD, (b);cosponsored by Representatives M ACCO, C ALLAHAN, D ITTRIC, D RAKE, DUCHOW , G UNDRUM , HAYWOOD , H ORLACHER, K ATSMA, KITCHENS, K NODL, KUGLITSCH, M OSES, MURSAU, OLDENBURG , RAMTHUN , KOWRONSKI , SNYDER, STEFFEN, W ITTKE and ZIMMERMAN .

andReferred to createCommittee 71.03on (6)Financial (c),Institutions 71.03 (7) (g) and 71.03Revenue. (8) (f) of the statutes;

A N A CT relating to:

Under the bill, an individual may file his or her individual income tax return and pay the taxes on or before the due date for filing federal income tax returns, whatever that date may be in the future, without incurring interest and penalties,penalties. except as otherwise provided by federal law or the federal Internal Revenue Service.

SECTION 1.1.Nonstatutory provisions.

71.03(1) (6)FILING (a)INDIVIDUAL ofINCOME theTAX statutesRETURNotwithstanding iss. amended to read:

LRBs0053/1 - 2022 Legislature - 2 - JK:emw S ECTION 1 71.03 (6) (a)and Reportsxcept(8) asand providedsubch. in par.

(c),XIII reports required under this section shall be made on or before April 15 following the close of ach. year referred to in sub.

(2)71, (a), or if such person's fiscal year is other than the calendar year then on or before the 15th day of the 4th month following the close of such fiscal year, or if the return is for less than a full taxable yearyears onbeginning theafter dateDecember applicable31, for2020, federalan incomeindividual taxeswho underis thesubject Internal Revenue Code, to the departmenttax ofimposed revenue,under ins. the manner and form prescribed by the department of revenue, whether notified to do so or not.

Such71.02 personsmay shallfile bethe subjectindividual's to- 2022 Legislature - 2 - LRB-0777/1 JK:cdc SENATE BILL 9 SECTION 1 tax return and pay the sametaxes penaltieson or before the date required for failurefiling tofederal reportindividual income tax returns, as thoseprovided whoby receivefederal notice.law or the federal internal revenue service, without incurring interest or penalties.

If the taxpayer is unable to make his or her own return, the return shall be made by a duly authorized agent or by the guardian or other person charged with the care of the person or property of such taxpayer.

S ECTION 2.

71.03 (6) (c) of the statutes is created to read:

71.03 (6) (c) For taxable years beginning after December 31, 2020, an individual who is subject to the tax imposed under s.

71.02 may file the individual's tax return and pay the taxes on or before the date required for filing federal individual income tax returns, as provided by federal law or the federal internal revenue service, without incurring interest or penalties, except as otherwise provided by federal law or the federal internal revenue service.

S ECTION 3.

71.03 (7) (g) of the statutes is created to read:

71.03 (7) (g) For taxable years beginning after December 31, 2020, an individual who is subject to the tax imposed under s.

71.02 may file the individual's tax return and pay the taxes on or before the date required for filing federal individual income tax returns, as provided by federal law or the federal internal revenue service, without incurring interest or penalties, except as otherwise provided by federal law or the federal internal revenue service.

LRBs0053/1 - 2022 Legislature - 3 - JK:emw SECTION 4 S ECTION 4.

71.03 (8) (b) of the statutes is amended to read:

71.03 (8) (b) TheExcept as provided in par.

(f), the final payment of taxes on incomes of persons other than corporations who file on a calendar year basis shall be made on or before April 15 following the close of the calendar year, except for persons electing to have the department compute their tax under sub.

(4).

If the return of a person other than a corporation is made on the basis of a fiscal year, such final payment shall be made on or before the 15th day of the 4th month following the close of such fiscal year, except for persons electing to have the department compute their tax under sub.

(4).

S ECTION 5.

71.03 (8) (f) of the statutes is created to read:

71.03 (8) (f) For taxable years beginning after December 31, 2020, an individual who is subject to the tax imposed under s.

71.02 may file the individual's tax return and pay the taxes on or before the date required for filing federal individual income tax returns, as provided by federal law or the federal internal revenue service, without incurring interest or penalties, except as otherwise provided by federal law or the federal internal revenue service.