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Bills · 2009-2010 Regular Session

SB 165

Died at session end Official bill text Atom feed

changing the type of income that may be used to calculate the married persons tax credit.

  1. Introduced, stopped here
  2. Passes Senate, not reached
  3. Passes Assembly, not reached
  4. Governor signs, not reached
  5. Law, not reached

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

Generally, under current law, married persons filing a joint income tax return

may claim as a credit against Wisconsin income taxes otherwise due an amount equal

to 3 percent of the earned income of the spouse with the lower earned income, but not

more than $480. Because this tax credit is nonrefundable, it may be claimed only up

to the amount of income taxes otherwise due.

Under the bill, the credit that may be claimed is an amount equal to 3 percent

of the sum of the earned income and retirement income of the spouse with the lower

earned income but not more than $480. The bill defines retirement income as

payments or distributions received by an individual from a qualified retirement plan

under the Internal Revenue Code or an individual retirement account.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Darling (R) , Hopper (R) , Leibham (R) , Schultz (R)

12 cosponsors

Bies (R) , Brooks (R) , Gunderson (R) , Gundrum (R) , Kleefisch (R) , Knodl (R) , Kramer (R) , Lothian (R) , Murtha (R) , Spanbauer (R) , Townsend (R) , Vos (R)

Full history

  1. Apr 9, 2009 · Senate

    Introduced by Senators Darling, Leibham, Hopper and Schultz;Cosponsored by Representatives Knodl, Vos, Townsend, Gundrum, Bies, Lothian, Kramer, Brooks, Murtha, Kleefisch, Spanbauer and Gunderson

  2. Apr 9, 2009 · Senate

    Read first time and referred to committee on Health, Health Insurance, Privacy, Property Tax Relief, and Revenue

  3. May 7, 2009 · Senate

    Fiscal estimate received

  4. Apr 28, 2010 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1