Bills · 2021-2022 Regular Session
Relating to: adopting for state tax purposes federal changes to the earned income tax credit. (FE)
- Introduced, stopped here
- Passes Assembly, not reached
- Passes Senate, not reached
- Governor signs, not reached
- Law, not reached
Unfamiliar terms? Glossary
What this bill does
Plain-language analysis by the nonpartisan Legislative Reference Bureau
This bill adopts for state income tax purposes changes made by the federal
Consolidated Appropriations Act of 2021 related to the earned income tax credit.
Under current law, the Wisconsin EITC is equal to a percentage of the federal EITC.
The EITC on both the state and federal levels is intended to provide financial
assistance to low-income families. By adopting the changes made by the CAA, if a
taxpayer's earned income for 2020 is less than the earned income for the preceding
year, the taxpayer may elect to use the earned income for the preceding year for the
taxable year 2020 for purposes of the EITC.
What it would cost
Fiscal estimates filed by state agencies, as official PDFs
Sponsors
Full history
- Feb 18, 2021 · Assembly
Introduced by Representatives McGuire, Conley, Ohnstad, Riemer, Anderson, Baldeh, Bowen, Brostoff, Cabrera, Considine, Doyle, Drake, Emerson, Milroy, S. Rodriguez, Shankland, Spreitzer, Stubbs, Vining and Sinicki; cosponsored by Senators Ringhand, Agard, Larson, Roys and Smith
- Feb 18, 2021 · Assembly
Read first time and referred to Committee on Ways and Means
- Mar 3, 2021 · Assembly
Fiscal estimate received
- Mar 15, 2022 · Assembly
Failed to pass pursuant to Senate Joint Resolution 1