SB 19

This bill creates an individual income tax exemption for the cost of a public

transportation pass provided by an employer to an employee, or for the money paid

by an employer to an employee to purchase such a pass, of up to $230 per month.

Under current federal law, for taxable years beginning in 2010, such passes, or funds

to pay for such passes, provided to an employee that have a value of $230 per month

or less are exempt from the income tax. This federal exemption applies for Wisconsin

purposes.

This bill first applies to taxable years beginning on January 1, 2011, except that

if the bill takes effect after July 31, 2011, it first applies to taxable years beginning

on January 1, 2012.

Because this bill relates to an exemption from state or local taxes, it may be

referred to the Joint Survey Committee on Tax Exemptions for a report to be printed

as an appendix to the bill.