SB 69

This bill creates a nonrefundable individual income tax credit for amounts

spent by a claimant on tuition expenses, in the year to which the claim relates, for

the claimant's dependent children to attend private schools for grades kindergarten

to 12. Because the credit is nonrefundable, no refund is paid if the amount of the

credit exceeds the taxpayer's tax liability.

The maximum credit that may be claimed under the bill per year, per child, if

the claimant files as a single individual or head of household, or if the claimant is a

married person filing a joint return, is phased in from 2012 to 2020. Under the bill,

for taxable years beginning on or after January 1, 2012, the maximum credit that

may be claimed is $1,500 for a kindergarten pupil and $2,500 for a ninth grade pupil;

in 2013, $1,500 for a first grade pupil and $2,500 for a tenth grade pupil; in 2014,

$1,500 for a second grade pupil and $2,500 for an 11th grade pupil; in 2015, $1,500

for a third grade pupil and $2,500 for a 12th grade pupil; for 2016, $1,500 for a fourth

grade pupil; for 2017, $1,500 for a fifth grade pupil; for 2018, $2,000 for a sixth grade

pupil; for 2019, $2,000 for a seventh grade pupil; and for 2020, $2,000 for an eighth

grade pupil. The maximum credit that may be claimed by a married person filing

a separate return per year, per child, is 50 percent of the amount that may be claimed

by a married joint filer. The amount of credit that may be claimed by a nonresident

or part-year resident of this state is modified based on the ratio of the claimant's

Wisconsin adjusted gross income (AGI) to his or her federal AGI.