AB 359

This bill creates a refundable individual income tax credit for married couples.

The maximum credit that may be claimed by a married couple that files a joint return

is $200 and the maximum credit that may be claimed by each spouse of a married

couple that files a separate return is $100. Both spouses of a married couple may

claim the credit, except that a married couple filing jointly may not claim the credit

if their Wisconsin adjusted gross income (WAGI) exceeds $75,000 in the year to which

the claim relates, and a married individual filing a separate return may not claim

the credit if his or her WAGI exceeds $37,500 in the year to which the claim relates.

Because the credit is refundable, if the amount of the claim exceeds the claimant's

tax liability, the excess credit is refunded to the individual by check. Nonresidents

or part-year residents of Wisconsin may not claim the credit.