Wisconsin 2023-2024 Regular Session

Wisconsin Senate Bill SB1 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	LRB-1049/1
2	2	KP:emw
3	3	2023 - 2024 LEGISLATURE
4	4	2023 SENATE BILL 1
5	5	January 27, 2023 - Introduced by Senators L EMAHIEU, BALLWEG, BRADLEY,
6	6	CABRAL-GUEVARA, FEYEN, JAMES, NASS, STROEBEL, TOMCZYK, HUTTON, KAPENGA
7	7	and FELZKOWSKI, cosponsored by Representatives BROOKS, ALLEN, BODDEN,
8	8	BRANDTJEN, DITTRICH, GUNDRUM, GUSTAFSON, KNODL, MAGNAFICI, MURPHY,
9	9	PENTERMAN, RETTINGER, ROZAR, SPIROS, TUSLER, BEHNKE, SCHRAA, MOSES and
10	10	DONOVAN. Referred to Committee on Universities and Revenue.
11	11	AN ACT to repeal 71.06 (1q), 71.06 (1r) (a), 71.06 (1r) (b), 71.06 (1r) (c), 71.06 (2)
12	12	(i), 71.06 (2) (j), 71.06 (2) (k), 71.06 (2) (km), 71.06 (2) (L), 71.06 (2) (Lm), 71.06
13	13	(2) (m), 71.06 (2) (mm), 71.06 (2e) (be), 71.06 (2e) (bm), 71.06 (2e) (bs), 71.06 (2s)
14	14	(e), 71.06 (2s) (f), 71.06 (2s) (g) and 73.03 (71); to renumber 71.06 (1r) (d); to
15	15	amend 71.06 (1q) (intro.), 71.06 (1r) (title), 71.06 (2) (i) (intro.), 71.06 (2) (j)
16	16	(intro.), 71.06 (2e) (a), 71.06 (2e) (b), 71.06 (2m), 71.06 (2s) (d), 71.125 (1), 71.125
17	17	(2), 71.17 (6), 71.64 (9) (b) (intro.), 71.67 (5) (a), 71.67 (5m), 73.03 (71) (c) 2. and
18	18	73.03 (71) (d) 2.; and to create 71.06 (1r), 71.06 (2) (k), 71.06 (2) (km), 71.06 (2)
19	19	(L), 71.06 (2) (Lm), 71.06 (2) (m), 71.06 (2) (mm), 71.06 (2) (n), 71.06 (2e) (be),
20	20	71.06 (2e) (bm), 71.06 (2e) (bs), 71.06 (2s) (e), 71.06 (2s) (f) and 71.06 (2s) (g) of
21	21	the statutes; relating to: establishing a flat individual income tax rate.
22	22	Analysis by the Legislative Reference Bureau
23	23	Under this bill, beginning in taxable year 2026, all individual taxpayers,
24	24	regardless of their income, pay the individual income tax at the rate of 3.25 percent.
25	25	In addition, for taxable years 2023 through 2025, the bill decreases individual
26	26	income tax rates each year for each tax bracket.
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37	37	11 - 2 -2023 - 2024 Legislature LRB-1049/1
38	38	KP:emw
39	39	SENATE BILL 1
40	40	Under current law, there are four income tax brackets for single individuals,
41	41	certain fiduciaries, heads of households, and married persons, and the brackets are
42	42	indexed for inflation. The rate of taxation under current law for the lowest bracket
43	43	for single individuals, certain fiduciaries, heads of households, and married persons
44	44	is 3.54 percent of taxable income. The rate for the second bracket is 4.65 percent.
45	45	The rate for the third bracket is 5.3 percent. And the rate for the highest bracket is
46	46	7.65 percent. After bracket indexing for taxable year 2022, the four brackets for
47	47	individuals, certain fiduciaries, and heads of households, to which the above rates
48	48	apply, are as follows: 1) taxable income from $0 to $12,760; 2) taxable income
49	49	exceeding $12,760 but not exceeding $25,520; 3) taxable income exceeding $25,520
50	50	but not exceeding $280,950; and 4) taxable income exceeding $280,950.
51	51	The bill establishes the following rates of taxation for taxable year 2023:
52	52	1. For the lowest tax bracket, 3.47 percent.
53	53	2. For the second bracket, 4.3 percent.
54	54	3. For the third bracket, 4.79 percent.
55	55	4. For the highest bracket, 6.55 percent.
56	56	The bill establishes the following rates of taxation for taxable year 2024:
57	57	1. For the lowest tax bracket, 3.4 percent.
58	58	2. For the second bracket, 3.95 percent.
59	59	3. For the third bracket, 4.28 percent.
60	60	4. For the highest bracket, 5.45 percent.
61	61	The bill establishes the following rates of taxation for taxable year 2025:
62	62	1. For the lowest tax bracket, 3.32 percent.
63	63	2. For the second bracket, 3.6 percent.
64	64	3. For the third bracket, 3.76 percent.
65	65	4. For the highest bracket, 4.35 percent.
66	66	Under the bill, for taxable year 2026 and after, the rate of taxation is 3.25
67	67	percent for all taxable income. The bill also requires the Department of Revenue to
68	68	update, by October 1 before the start of the applicable tax year, the individual income
69	69	tax withholding tables to reflect the tax rates, brackets, and sliding scale standard
70	70	deduction that are in effect for taxable years 2024, 2025, and 2026.
71	71	For further information see the state fiscal estimate, which will be printed as
72	72	an appendix to this bill.
73	73	The people of the state of Wisconsin, represented in senate and assembly, do
74	74	enact as follows:
75	75	SECTION 1. 71.06 (1q) (intro.) of the statutes is amended to read:1 - 3 -2023 - 2024 Legislature
76	76	LRB-1049/1
77	77	KP:emw
78	78	SECTION 1
79	79	SENATE BILL 1
80	80	71.06 (1q) FIDUCIARIES, SINGLE INDIVIDUALS, AND HEADS OF HOUSEHOLDS; AFTER
81	81	2012 2013 TO 2022. (intro.) The tax to be assessed, levied, and collected upon the taxable
82	82	incomes of all fiduciaries, except fiduciaries of nuclear decommissioning trust or
83	83	reserve funds, and single individuals and heads of households shall be computed at
84	84	the following rates for taxable years beginning after December 31, 2012, and before
85	85	January 1, 2023:
86	86	SECTION 2. 71.06 (1q) of the statutes is repealed.
87	87	SECTION 3. 71.06 (1r) (title) of the statutes, as created by 2023 Wisconsin Act
88	88	.... (this act), is amended to read:
89	89	71.06 (1r) (title) FIDUCIARIES, SINGLE INDIVIDUALS, AND HEADS OF HOUSEHOLDS;
90	90	AFTER 2022 2025.
91	91	SECTION 4. 71.06 (1r) of the statutes is created to read:
92	92	71.06 (1r) FIDUCIARIES, SINGLE INDIVIDUALS, AND HEADS OF HOUSEHOLDS; AFTER
93	93	2022. (a) The tax to be assessed, levied, and collected upon the taxable incomes of all
94	94	fiduciaries, except fiduciaries of nuclear decommissioning trust or reserve funds, and
95	95	single individuals and heads of households shall be computed at the following rates
96	96	for taxable years beginning after December 31, 2022, and before January 1, 2024:
97	97	1. On all taxable income from $0 to $7,500, 3.47 percent.
98	98	2. On all taxable income exceeding $7,500 but not exceeding $15,000, 4.30
99	99	percent.
100	100	3. On all taxable income exceeding $15,000 but not exceeding $225,000, 4.79
101	101	percent.
102	102	4. On all taxable income exceeding $225,000, 6.55 percent.
103	103	(b) The tax to be assessed, levied, and collected upon the taxable incomes of all
104	104	fiduciaries, except fiduciaries of nuclear decommissioning trust or reserve funds, and
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130	130	KP:emw
131	131	SECTION 4 SENATE BILL 1
132	132	single individuals and heads of households shall be computed at the following rates
133	133	for taxable years beginning after December 31, 2023, and before January 1, 2025:
134	134	1. On all taxable income from $0 to $7,500, 3.40 percent.
135	135	2. On all taxable income exceeding $7,500 but not exceeding $15,000, 3.95
136	136	percent.
137	137	3. On all taxable income exceeding $15,000 but not exceeding $225,000, 4.28
138	138	percent.
139	139	4. On all taxable income exceeding $225,000, 5.45 percent.
140	140	(c) The tax to be assessed, levied, and collected upon the taxable incomes of all
141	141	fiduciaries, except fiduciaries of nuclear decommissioning trust or reserve funds, and
142	142	single individuals and heads of households shall be computed at the following rates
143	143	for taxable years beginning after December 31, 2024, and before January 1, 2026:
144	144	1. On all taxable income from $0 to $7,500, 3.32 percent.
145	145	2. On all taxable income exceeding $7,500 but not exceeding $15,000, 3.60
146	146	percent.
147	147	3. On all taxable income exceeding $15,000 but not exceeding $225,000, 3.76
148	148	percent.
149	149	4. On all taxable income exceeding $225,000, 4.35 percent.
150	150	(d) The tax to be assessed, levied, and collected upon the taxable incomes of all
151	151	fiduciaries, except fiduciaries of nuclear decommissioning trust or reserve funds, and
152	152	single individuals and heads of households shall be computed at the rate of 3.25
153	153	percent for taxable years beginning after December 31, 2025.
154	154	SECTION 5. 71.06 (1r) (a) of the statutes, as created by 2023 Wisconsin Act ....
155	155	(this act), is repealed.
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179	179	24 - 5 -2023 - 2024 Legislature
180	180	LRB-1049/1
181	181	KP:emw
182	182	SECTION 6
183	183	SENATE BILL 1
184	184	SECTION 6. 71.06 (1r) (b) of the statutes, as created by 2023 Wisconsin Act ....
185	185	(this act), is repealed.
186	186	SECTION 7. 71.06 (1r) (c) of the statutes, as created by 2023 Wisconsin Act ....
187	187	(this act), is repealed.
188	188	SECTION 8. 71.06 (1r) (d) of the statutes, as created by 2023 Wisconsin Act ....
189	189	(this act), is renumbered 71.06 (1r).
190	190	SECTION 9. 71.06 (2) (i) (intro.) of the statutes is amended to read:
191	191	71.06 (2) (i) (intro.) For joint returns, for taxable years beginning after
192	192	December 31, 2012, and before January 1, 2023:
193	193	SECTION 10. 71.06 (2) (i) of the statutes is repealed.
194	194	SECTION 11. 71.06 (2) (j) (intro.) of the statutes is amended to read:
195	195	71.06 (2) (j) (intro.) For married persons filing separately, for taxable years
196	196	beginning after December 31, 2012, and before January 1, 2023:
197	197	SECTION 12. 71.06 (2) (j) of the statutes is repealed.
198	198	SECTION 13. 71.06 (2) (k) of the statutes is created to read:
199	199	71.06 (2) (k) For joint returns, for taxable years beginning after December 31,
200	200	2022, and before January 1, 2024:
201	201	1. On all taxable income from $0 to $10,000, 3.47 percent.
202	202	2. On all taxable income exceeding $10,000 but not exceeding $20,000, 4.30
203	203	percent.
204	204	3. On all taxable income exceeding $20,000 but not exceeding $300,000, 4.79
205	205	percent.
206	206	4. On all taxable income exceeding $300,000, 6.55 percent.
207	207	SECTION 14. 71.06 (2) (k) of the statutes, as created by 2023 Wisconsin Act ....
208	208	(this act), is repealed.
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233	233	25 - 6 -2023 - 2024 Legislature LRB-1049/1
234	234	KP:emw
235	235	SECTION 15 SENATE BILL 1
236	236	SECTION 15. 71.06 (2) (km) of the statutes is created to read:
237	237	71.06 (2) (km) For married persons filing separately, for taxable years
238	238	beginning after December 31, 2022, and before January 1, 2024:
239	239	1. On all taxable income from $0 to $5,000, 3.47 percent.
240	240	2. On all taxable income exceeding $5,000 but not exceeding $10,000, 4.30
241	241	percent.
242	242	3. On all taxable income exceeding $10,000 but not exceeding $150,000, 4.79
243	243	percent.
244	244	4. On all taxable income exceeding $150,000, 6.55 percent.
245	245	SECTION 16. 71.06 (2) (km) of the statutes, as created by 2023 Wisconsin Act
246	246	.... (this act), is repealed.
247	247	SECTION 17. 71.06 (2) (L) of the statutes is created to read:
248	248	71.06 (2) (L) For joint returns, for taxable years beginning after December 31,
249	249	2023, and before January 1, 2025:
250	250	1. On all taxable income from $0 to $10,000, 3.40 percent.
251	251	2. On all taxable income exceeding $10,000 but not exceeding $20,000, 3.95
252	252	percent.
253	253	3. On all taxable income exceeding $20,000 but not exceeding $300,000, 4.28
254	254	percent.
255	255	4. On all taxable income exceeding $300,000, 5.45 percent.
256	256	SECTION 18. 71.06 (2) (L) of the statutes, as created by 2023 Wisconsin Act ....
257	257	(this act), is repealed.
258	258	SECTION 19. 71.06 (2) (Lm) of the statutes is created to read:
259	259	71.06 (2) (Lm) For married persons filing separately, for taxable years
260	260	beginning after December 31, 2023, and before January 1, 2025:
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285	285	25 - 7 -2023 - 2024 Legislature
286	286	LRB-1049/1
287	287	KP:emw
288	288	SECTION 19
289	289	SENATE BILL 1
290	290	1. On all taxable income from $0 to $5,000, 3.40 percent.
291	291	2. On all taxable income exceeding $5,000 but not exceeding $10,000, 3.95
292	292	percent.
293	293	3. On all taxable income exceeding $10,000 but not exceeding $150,000, 4.28
294	294	percent.
295	295	4. On all taxable income exceeding $150,000, 5.45 percent.
296	296	SECTION 20. 71.06 (2) (Lm) of the statutes, as created by 2023 Wisconsin Act
297	297	.... (this act), is repealed.
298	298	SECTION 21. 71.06 (2) (m) of the statutes is created to read:
299	299	71.06 (2) (m) For joint returns, for taxable years beginning after December 31,
300	300	2024, and before January 1, 2026:
301	301	1. On all taxable income from $0 to $10,000, 3.32 percent.
302	302	2. On all taxable income exceeding $10,000 but not exceeding $20,000, 3.60
303	303	percent.
304	304	3. On all taxable income exceeding $20,000 but not exceeding $300,000, 3.76
305	305	percent.
306	306	4. On all taxable income exceeding $300,000, 4.35 percent.
307	307	SECTION 22. 71.06 (2) (m) of the statutes, as created by 2023 Wisconsin Act ....
308	308	(this act), is repealed.
309	309	SECTION 23. 71.06 (2) (mm) of the statutes is created to read:
310	310	71.06 (2) (mm) For married persons filing separately, for taxable years
311	311	beginning after December 31, 2024, and before January 1, 2026:
312	312	1. On all taxable income from $0 to $5,000, 3.32 percent.
313	313	2. On all taxable income exceeding $5,000 but not exceeding $10,000, 3.60
314	314	percent.
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339	339	25 - 8 -2023 - 2024 Legislature LRB-1049/1
340	340	KP:emw
341	341	SECTION 23 SENATE BILL 1
342	342	3. On all taxable income exceeding $10,000 but not exceeding $150,000, 3.76
343	343	percent.
344	344	4. On all taxable income exceeding $150,000, 4.35 percent.
345	345	SECTION 24. 71.06 (2) (mm) of the statutes, as created by 2023 Wisconsin Act
346	346	.... (this act), is repealed.
347	347	SECTION 25. 71.06 (2) (n) of the statutes is created to read:
348	348	71.06 (2) (n) For joint returns and married persons filing separately, for taxable
349	349	years beginning after December 31, 2025, on all taxable income 3.25 percent.
350	350	SECTION 26. 71.06 (2e) (a) of the statutes is amended to read:
351	351	71.06 (2e) (a) For taxable years beginning after December 31, 1998, and before
352	352	January 1, 2000, the maximum dollar amount in each tax bracket, and the
353	353	corresponding minimum dollar amount in the next bracket, under subs. (1m) and (2)
354	354	(c) and (d), and for taxable years beginning after December 31, 1999, and before
355	355	January 1, 2023, the maximum dollar amount in each tax bracket, and the
356	356	corresponding minimum dollar amount in the next bracket, under subs. (1n), (1p) (a)
357	357	to (c), (1q) (a) and (b), and (2) (e), (f), (g) 1. to 3., (h) 1. to 3., (i) 1. and 2., and (j) 1. and
358	358	2., shall be increased each year by a percentage equal to the percentage change
359	359	between the U.S. consumer price index for all urban consumers, U.S. city average,
360	360	for the month of August of the previous year and the U.S. consumer price index for
361	361	all urban consumers, U.S. city average, for the month of August 1997, as determined
362	362	by the federal department of labor, except that for taxable years beginning after
363	363	December 31, 2000, and before January 1, 2002, the dollar amount in the top bracket
364	364	under subs. (1p) (c) and (d), (2) (g) 3. and 4. and (h) 3. and 4. shall be increased by a
365	365	percentage equal to the percentage change between the U.S. consumer price index
366	366	for all urban consumers, U.S. city average, for the month of August of the previous
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391	391	25 - 9 -2023 - 2024 Legislature
392	392	LRB-1049/1
393	393	KP:emw
394	394	SECTION 26
395	395	SENATE BILL 1
396	396	year and the U.S. consumer price index for all urban consumers, U.S. city average,
397	397	for the month of August 1999, as determined by the federal department of labor,
398	398	except that for taxable years beginning after December 31, 2011, the adjustment may
399	399	occur only if the resulting amount is greater than the corresponding amount that was
400	400	calculated for the previous year.
401	401	SECTION 27. 71.06 (2e) (a) of the statutes, as affected by 2023 Wisconsin Act ....
402	402	(this act), is amended to read:
403	403	71.06 (2e) (a) For taxable years beginning after December 31, 1998, and before
404	404	January 1, 2000, the maximum dollar amount in each tax bracket, and the
405	405	corresponding minimum dollar amount in the next bracket, under subs. (1m) and (2)
406	406	(c) and (d), and for taxable years beginning after December 31, 1999, and before
407	407	January 1, 2023, the maximum dollar amount in each tax bracket, and the
408	408	corresponding minimum dollar amount in the next bracket, under subs. (1n), (1p) (a)
409	409	to (c), (1q) (a) and (b), and (2) (e), (f), (g) 1. to 3., and (h) 1. to 3., (i) 1. and 2., and (j)
410	410	1. and 2., shall be increased each year by a percentage equal to the percentage change
411	411	between the U.S. consumer price index for all urban consumers, U.S. city average,
412	412	for the month of August of the previous year and the U.S. consumer price index for
413	413	all urban consumers, U.S. city average, for the month of August 1997, as determined
414	414	by the federal department of labor, except that for taxable years beginning after
415	415	December 31, 2000, and before January 1, 2002, the dollar amount in the top bracket
416	416	under subs. (1p) (c) and (d), (2) (g) 3. and 4. and (h) 3. and 4. shall be increased by a
417	417	percentage equal to the percentage change between the U.S. consumer price index
418	418	for all urban consumers, U.S. city average, for the month of August of the previous
419	419	year and the U.S. consumer price index for all urban consumers, U.S. city average,
420	420	for the month of August 1999, as determined by the federal department of labor,
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445	445	25 - 10 -2023 - 2024 Legislature LRB-1049/1
446	446	KP:emw
447	447	SECTION 27 SENATE BILL 1
448	448	except that for taxable years beginning after December 31, 2011, the adjustment may
449	449	occur only if the resulting amount is greater than the corresponding amount that was
450	450	calculated for the previous year.
451	451	SECTION 28. 71.06 (2e) (b) of the statutes is amended to read:
452	452	71.06 (2e) (b) For taxable years beginning after December 31, 2009, and before
453	453	January 1, 2023, the maximum dollar amount in each tax bracket, and the
454	454	corresponding minimum dollar amount in the next bracket, under subs. (1p) (d), (1q)
455	455	(c), and (2) (g) 4., (h) 4., (i) 3., and (j) 3., and the dollar amount in the top bracket under
456	456	subs. (1p) (e), (1q) (d), and (2) (g) 5., (h) 5., (i) 4., and (j) 4., shall be increased each year
457	457	by a percentage equal to the percentage change between the U.S. consumer price
458	458	index for all urban consumers, U.S. city average, for the month of August of the
459	459	previous year and the U.S. consumer price index for all urban consumers, U.S. city
460	460	average, for the month of August 2008, as determined by the federal department of
461	461	labor, except that for taxable years beginning after December 31, 2011, the
462	462	adjustment may occur only if the resulting amount is greater than the corresponding
463	463	amount that was calculated for the previous year.
464	464	SECTION 29. 71.06 (2e) (b) of the statutes, as affected by 2023 Wisconsin Act ....
465	465	(this act), is amended to read:
466	466	71.06 (2e) (b) For taxable years beginning after December 31, 2009, and before
467	467	January 1, 2023, the maximum dollar amount in each tax bracket, and the
468	468	corresponding minimum dollar amount in the next bracket, under subs. (1p) (d), (1q)
469	469	(c), and (2) (g) 4., and (h) 4., (i) 3., and (j) 3., and the dollar amount in the top bracket
470	470	under subs. (1p) (e), (1q) (d), and (2) (g) 5., and (h) 5., (i) 4., and (j) 4., shall be increased
471	471	each year by a percentage equal to the percentage change between the U.S. consumer
472	472	price index for all urban consumers, U.S. city average, for the month of August of the
473	473	1
474	474	2
475	475	3
476	476	4
477	477	5
478	478	6
479	479	7
480	480	8
481	481	9
482	482	10
483	483	11
484	484	12
485	485	13
486	486	14
487	487	15
488	488	16
489	489	17
490	490	18
491	491	19
492	492	20
493	493	21
494	494	22
495	495	23
496	496	24
497	497	25 - 11 -2023 - 2024 Legislature
498	498	LRB-1049/1
499	499	KP:emw
500	500	SECTION 29
501	501	SENATE BILL 1
502	502	previous year and the U.S. consumer price index for all urban consumers, U.S. city
503	503	average, for the month of August 2008, as determined by the federal department of
504	504	labor, except that for taxable years beginning after December 31, 2011, the
505	505	adjustment may occur only if the resulting amount is greater than the corresponding
506	506	amount that was calculated for the previous year.
507	507	SECTION 30. 71.06 (2e) (be) of the statutes is created to read:
508	508	71.06 (2e) (be) 1. For taxable years beginning after December 31, 2022, and
509	509	before January 1, 2024, the maximum dollar amount in each tax bracket, and the
510	510	corresponding minimum dollar amount in the next bracket, under subs. (1r) (a) 1.
511	511	and 2. and (2) (k) 1. and 2. and (km) 1. and 2., shall be increased by a percentage equal
512	512	to the percentage change between the U.S. consumer price index for all urban
513	513	consumers, U.S. city average, for the month of August of the previous year and the
514	514	U.S. consumer price index for all urban consumers, U.S. city average, for the month
515	515	of August 1997, as determined by the federal department of labor, except that the
516	516	adjustment may occur only if the resulting amount is greater than the corresponding
517	517	amount that was calculated for the previous year.
518	518	2. For taxable years beginning after December 31, 2022, and before January
519	519	1, 2024, the maximum dollar amount in each tax bracket, and the corresponding
520	520	minimum dollar amount in the next bracket, under subs. (1r) (a) 3. and (2) (k) 3. and
521	521	(km) 3., and the dollar amount in the top bracket under subs. (1r) (a) 4. and (2) (k)
522	522	4. and (km) 4., shall be increased by a percentage equal to the percentage change
523	523	between the U.S. consumer price index for all urban consumers, U.S. city average,
524	524	for the month of August of the previous year and the U.S. consumer price index for
525	525	all urban consumers, U.S. city average, for the month of August 2008, as determined
526	526	by the federal department of labor, except that the adjustment may occur only if the
527	527	1
528	528	2
529	529	3
530	530	4
531	531	5
532	532	6
533	533	7
534	534	8
535	535	9
536	536	10
537	537	11
538	538	12
539	539	13
540	540	14
541	541	15
542	542	16
543	543	17
544	544	18
545	545	19
546	546	20
547	547	21
548	548	22
549	549	23
550	550	24
551	551	25 - 12 -2023 - 2024 Legislature LRB-1049/1
552	552	KP:emw
553	553	SECTION 30 SENATE BILL 1
554	554	resulting amount is greater than the corresponding amount that was calculated for
555	555	the previous year.
556	556	SECTION 31. 71.06 (2e) (be) of the statutes, as created by 2023 Wisconsin Act
557	557	.... (this act), is repealed.
558	558	SECTION 32. 71.06 (2e) (bm) of the statutes is created to read:
559	559	71.06 (2e) (bm) 1. For taxable years beginning after December 31, 2023, and
560	560	before January 1, 2025, the maximum dollar amount in each tax bracket, and the
561	561	corresponding minimum dollar amount in the next bracket, under subs. (1r) (b) 1.
562	562	and 2. and (2) (L) 1. and 2. and (Lm) 1. and 2., shall be increased by a percentage equal
563	563	to the percentage change between the U.S. consumer price index for all urban
564	564	consumers, U.S. city average, for the month of August of the previous year and the
565	565	U.S. consumer price index for all urban consumers, U.S. city average, for the month
566	566	of August 1997, as determined by the federal department of labor, except that the
567	567	adjustment may occur only if the resulting amount is greater than the corresponding
568	568	amount that was calculated for the previous year.
569	569	2. For taxable years beginning after December 31, 2023, and before January
570	570	1, 2025, the maximum dollar amount in each tax bracket, and the corresponding
571	571	minimum dollar amount in the next bracket, under subs. (1r) (b) 3. and (2) (L) 3. and
572	572	(Lm) 3., and the dollar amount in the top bracket under subs. (1r) (b) 4. and (2) (L)
573	573	4. and (Lm) 4., shall be increased by a percentage equal to the percentage change
574	574	between the U.S. consumer price index for all urban consumers, U.S. city average,
575	575	for the month of August of the previous year and the U.S. consumer price index for
576	576	all urban consumers, U.S. city average, for the month of August 2008, as determined
577	577	by the federal department of labor, except that the adjustment may occur only if the
578	578	1
579	579	2
580	580	3
581	581	4
582	582	5
583	583	6
584	584	7
585	585	8
586	586	9
587	587	10
588	588	11
589	589	12
590	590	13
591	591	14
592	592	15
593	593	16
594	594	17
595	595	18
596	596	19
597	597	20
598	598	21
599	599	22
600	600	23
601	601	24 - 13 -2023 - 2024 Legislature
602	602	LRB-1049/1
603	603	KP:emw
604	604	SECTION 32
605	605	SENATE BILL 1
606	606	resulting amount is greater than the corresponding amount that was calculated for
607	607	the previous year.
608	608	SECTION 33. 71.06 (2e) (bm) of the statutes, as created by 2023 Wisconsin Act
609	609	.... (this act), is repealed.
610	610	SECTION 34. 71.06 (2e) (bs) of the statutes is created to read:
611	611	71.06 (2e) (bs) 1. For taxable years beginning after December 31, 2024, and
612	612	before January 1, 2026, the maximum dollar amount in each tax bracket, and the
613	613	corresponding minimum dollar amount in the next bracket, under subs. (1r) (c) 1.
614	614	and 2. and (2) (m) 1. and 2. and (mm) 1. and 2., shall be increased by a percentage
615	615	equal to the percentage change between the U.S. consumer price index for all urban
616	616	consumers, U.S. city average, for the month of August of the previous year and the
617	617	U.S. consumer price index for all urban consumers, U.S. city average, for the month
618	618	of August 1997, as determined by the federal department of labor, except that the
619	619	adjustment may occur only if the resulting amount is greater than the corresponding
620	620	amount that was calculated for the previous year.
621	621	2. For taxable years beginning after December 31, 2024, and before January
622	622	1, 2026, the maximum dollar amount in each tax bracket, and the corresponding
623	623	minimum dollar amount in the next bracket, under subs. (1r) (c) 3. and (2) (m) 3. and
624	624	(mm) 3., and the dollar amount in the top bracket under subs. (1r) (c) 4. and (2) (m)
625	625	4. and (mm) 4., shall be increased by a percentage equal to the percentage change
626	626	between the U.S. consumer price index for all urban consumers, U.S. city average,
627	627	for the month of August of the previous year and the U.S. consumer price index for
628	628	all urban consumers, U.S. city average, for the month of August 2008, as determined
629	629	by the federal department of labor, except that the adjustment may occur only if the
630	630	1
631	631	2
632	632	3
633	633	4
634	634	5
635	635	6
636	636	7
637	637	8
638	638	9
639	639	10
640	640	11
641	641	12
642	642	13
643	643	14
644	644	15
645	645	16
646	646	17
647	647	18
648	648	19
649	649	20
650	650	21
651	651	22
652	652	23
653	653	24 - 14 -2023 - 2024 Legislature LRB-1049/1
654	654	KP:emw
655	655	SECTION 34 SENATE BILL 1
656	656	resulting amount is greater than the corresponding amount that was calculated for
657	657	the previous year.
658	658	SECTION 35. 71.06 (2e) (bs) of the statutes, as created by 2023 Wisconsin Act
659	659	.... (this act), is repealed.
660	660	SECTION 36. 71.06 (2m) of the statutes is amended to read:
661	661	71.06 (2m) RATE CHANGES. If a rate under sub. (1), (1m), (1n), (1p), (1q), (1r),
662	662	or (2) changes during a taxable year, the taxpayer shall compute the tax for that
663	663	taxable year by the methods applicable to the federal income tax under section 15 of
664	664	the Internal Revenue Code.
665	665	SECTION 37. 71.06 (2m) of the statutes, as affected by 2023 Wisconsin Act ....
666	666	(this act), is amended to read:
667	667	71.06 (2m) RATE CHANGES. If a rate under sub. (1), (1m), (1n), (1p), (1q), (1r),
668	668	or (2) changes during a taxable year, the taxpayer shall compute the tax for that
669	669	taxable year by the methods applicable to the federal income tax under section 15 of
670	670	the Internal Revenue Code.
671	671	SECTION 38. 71.06 (2s) (d) of the statutes is amended to read:
672	672	71.06 (2s) (d) For taxable years beginning after December 31, 2000, and before
673	673	January 1, 2023, with respect to nonresident individuals, including individuals
674	674	changing their domicile into or from this state, the tax brackets under subs. (1p), (1q),
675	675	and (2) (g), (h), (i), and (j) shall be multiplied by a fraction, the numerator of which
676	676	is Wisconsin adjusted gross income and the denominator of which is federal adjusted
677	677	gross income. In this paragraph, for married persons filing separately “adjusted
678	678	gross income" means the separate adjusted gross income of each spouse, and for
679	679	married persons filing jointly “adjusted gross income" means the total adjusted gross
680	680	income of both spouses. If an individual and that individual's spouse are not both
681	681	1
682	682	2
683	683	3
684	684	4
685	685	5
686	686	6
687	687	7
688	688	8
689	689	9
690	690	10
691	691	11
692	692	12
693	693	13
694	694	14
695	695	15
696	696	16
697	697	17
698	698	18
699	699	19
700	700	20
701	701	21
702	702	22
703	703	23
704	704	24
705	705	25 - 15 -2023 - 2024 Legislature
706	706	LRB-1049/1
707	707	KP:emw
708	708	SECTION 38
709	709	SENATE BILL 1
710	710	domiciled in this state during the entire taxable year, the tax brackets under subs.
711	711	(1p), (1q), and (2) (g), (h), (i), and (j) on a joint return shall be multiplied by a fraction,
712	712	the numerator of which is their joint Wisconsin adjusted gross income and the
713	713	denominator of which is their joint federal adjusted gross income.
714	714	SECTION 39. 71.06 (2s) (d) of the statutes, as affected by 2023 Wisconsin Act ....
715	715	(this act), is amended to read:
716	716	71.06 (2s) (d) For taxable years beginning after December 31, 2000, and before
717	717	January 1, 2023, with respect to nonresident individuals, including individuals
718	718	changing their domicile into or from this state, the tax brackets under subs. (1p), (1q),
719	719	and (2) (g), and (h), (i), and (j) shall be multiplied by a fraction, the numerator of
720	720	which is Wisconsin adjusted gross income and the denominator of which is federal
721	721	adjusted gross income. In this paragraph, for married persons filing separately
722	722	“adjusted gross income" means the separate adjusted gross income of each spouse,
723	723	and for married persons filing jointly “adjusted gross income" means the total
724	724	adjusted gross income of both spouses. If an individual and that individual's spouse
725	725	are not both domiciled in this state during the entire taxable year, the tax brackets
726	726	under subs. (1p), (1q), and (2) (g), and (h), (i), and (j) on a joint return shall be
727	727	multiplied by a fraction, the numerator of which is their joint Wisconsin adjusted
728	728	gross income and the denominator of which is their joint federal adjusted gross
729	729	income.
730	730	SECTION 40. 71.06 (2s) (e) of the statutes is created to read:
731	731	71.06 (2s) (e) For taxable years beginning after December 31, 2022, and before
732	732	January 1, 2024, with respect to nonresident individuals, including individuals
733	733	changing their domicile into or from this state, the tax brackets under subs. (1r) (a)
734	734	and (2) (k) and (km) shall be multiplied by a fraction, the numerator of which is
735	735	1
736	736	2
737	737	3
738	738	4
739	739	5
740	740	6
741	741	7
742	742	8
743	743	9
744	744	10
745	745	11
746	746	12
747	747	13
748	748	14
749	749	15
750	750	16
751	751	17
752	752	18
753	753	19
754	754	20
755	755	21
756	756	22
757	757	23
758	758	24
759	759	25 - 16 -2023 - 2024 Legislature LRB-1049/1
760	760	KP:emw
761	761	SECTION 40 SENATE BILL 1
762	762	Wisconsin adjusted gross income and the denominator of which is federal adjusted
763	763	gross income. In this paragraph, for married persons filing separately “adjusted
764	764	gross income" means the separate adjusted gross income of each spouse, and for
765	765	married persons filing jointly “adjusted gross income" means the total adjusted gross
766	766	income of both spouses. If an individual and that individual's spouse are not both
767	767	domiciled in this state during the entire taxable year, the tax brackets under subs.
768	768	(1r) (a) and (2) (k) and (km) on a joint return shall be multiplied by a fraction, the
769	769	numerator of which is their joint Wisconsin adjusted gross income and the
770	770	denominator of which is their joint federal adjusted gross income.
771	771	SECTION 41. 71.06 (2s) (e) of the statutes, as created by 2023 Wisconsin Act ....
772	772	(this act), is repealed.
773	773	SECTION 42. 71.06 (2s) (f) of the statutes is created to read:
774	774	71.06 (2s) (f) For taxable years beginning after December 31, 2023, and before
775	775	January 1, 2025, with respect to nonresident individuals, including individuals
776	776	changing their domicile into or from this state, the tax brackets under subs. (1r) (b)
777	777	and (2) (L) and (Lm) shall be multiplied by a fraction, the numerator of which is
778	778	Wisconsin adjusted gross income and the denominator of which is federal adjusted
779	779	gross income. In this paragraph, for married persons filing separately “adjusted
780	780	gross income" means the separate adjusted gross income of each spouse, and for
781	781	married persons filing jointly “adjusted gross income" means the total adjusted gross
782	782	income of both spouses. If an individual and that individual's spouse are not both
783	783	domiciled in this state during the entire taxable year, the tax brackets under subs.
784	784	(1r) (b) and (2) (L) and (Lm) on a joint return shall be multiplied by a fraction, the
785	785	numerator of which is their joint Wisconsin adjusted gross income and the
786	786	denominator of which is their joint federal adjusted gross income.
787	787	1
788	788	2
789	789	3
790	790	4
791	791	5
792	792	6
793	793	7
794	794	8
795	795	9
796	796	10
797	797	11
798	798	12
799	799	13
800	800	14
801	801	15
802	802	16
803	803	17
804	804	18
805	805	19
806	806	20
807	807	21
808	808	22
809	809	23
810	810	24
811	811	25 - 17 -2023 - 2024 Legislature
812	812	LRB-1049/1
813	813	KP:emw
814	814	SECTION 43
815	815	SENATE BILL 1
816	816	SECTION 43. 71.06 (2s) (f) of the statutes, as created by 2023 Wisconsin Act ....
817	817	(this act), is repealed.
818	818	SECTION 44. 71.06 (2s) (g) of the statutes is created to read:
819	819	71.06 (2s) (g) For taxable years beginning after December 31, 2024, and before
820	820	January 1, 2026, with respect to nonresident individuals, including individuals
821	821	changing their domicile into or from this state, the tax brackets under subs. (1r) (c)
822	822	and (2) (m) and (mm) shall be multiplied by a fraction, the numerator of which is
823	823	Wisconsin adjusted gross income and the denominator of which is federal adjusted
824	824	gross income. In this paragraph, for married persons filing separately “adjusted
825	825	gross income" means the separate adjusted gross income of each spouse, and for
826	826	married persons filing jointly “adjusted gross income" means the total adjusted gross
827	827	income of both spouses. If an individual and that individual's spouse are not both
828	828	domiciled in this state during the entire taxable year, the tax brackets under subs.
829	829	(1r) (c) and (2) (m) and (mm) on a joint return shall be multiplied by a fraction, the
830	830	numerator of which is their joint Wisconsin adjusted gross income and the
831	831	denominator of which is their joint federal adjusted gross income.
832	832	SECTION 45. 71.06 (2s) (g) of the statutes, as created by 2023 Wisconsin Act ....
833	833	(this act), is repealed.
834	834	SECTION 46. 71.125 (1) of the statutes is amended to read:
835	835	71.125 (1) Except as provided in sub. (2), the tax imposed by this chapter on
836	836	individuals and the rates under s. 71.06 (1), (1m), (1n), (1p), (1q), (1r), and (2) shall
837	837	apply to the Wisconsin taxable income of estates or trusts, except nuclear
838	838	decommissioning trust or reserve funds, and that tax shall be paid by the fiduciary.
839	839	SECTION 47. 71.125 (1) of the statutes, as affected by 2023 Wisconsin Act ....
840	840	(this act), is amended to read:
841	841	1
842	842	2
843	843	3
844	844	4
845	845	5
846	846	6
847	847	7
848	848	8
849	849	9
850	850	10
851	851	11
852	852	12
853	853	13
854	854	14
855	855	15
856	856	16
857	857	17
858	858	18
859	859	19
860	860	20
861	861	21
862	862	22
863	863	23
864	864	24
865	865	25 - 18 -2023 - 2024 Legislature LRB-1049/1
866	866	KP:emw
867	867	SECTION 47 SENATE BILL 1
868	868	71.125 (1) Except as provided in sub. (2), the tax imposed by this chapter on
869	869	individuals and the rates under s. 71.06 (1), (1m), (1n), (1p), (1q), (1r), and (2) shall
870	870	apply to the Wisconsin taxable income of estates or trusts, except nuclear
871	871	decommissioning trust or reserve funds, and that tax shall be paid by the fiduciary.
872	872	SECTION 48. 71.125 (2) of the statutes is amended to read:
873	873	71.125 (2) Each electing small business trust, as defined in section 1361 (e) (1)
874	874	of the Internal Revenue Code, is subject to tax at the highest rate under s. 71.06 (1),
875	875	(1m), (1n), (1p), or (1q), or (1r), whichever taxable year is applicable, on its income
876	876	as computed under section 641 of the Internal Revenue Code, as modified by s. 71.05
877	877	(6) to (12), (19) and (20).
878	878	SECTION 49. 71.125 (2) of the statutes, as affected by 2023 Wisconsin Act ....
879	879	(this act), is amended to read:
880	880	71.125 (2) Each electing small business trust, as defined in section 1361 (e) (1)
881	881	of the Internal Revenue Code, is subject to tax at the highest rate under s. 71.06 (1),
882	882	(1m), (1n), (1p), (1q), or (1r), whichever taxable year is applicable, on its income as
883	883	computed under section 641 of the Internal Revenue Code, as modified by s. 71.05
884	884	(6) to (12), (19) and (20).
885	885	SECTION 50. 71.17 (6) of the statutes is amended to read:
886	886	71.17 (6) FUNERAL TRUSTS. If a qualified funeral trust makes the election under
887	887	section 685 of the Internal Revenue Code for federal income tax purposes, that
888	888	election applies for purposes of this chapter and each trust shall compute its own tax
889	889	and shall apply the rates under s. 71.06 (1), (1m), (1n), (1p), or (1q), or (1r).
890	890	SECTION 51. 71.17 (6) of the statutes, as affected by 2023 Wisconsin Act .... (this
891	891	act), is amended to read:
892	892	1
893	893	2
894	894	3
895	895	4
896	896	5
897	897	6
898	898	7
899	899	8
900	900	9
901	901	10
902	902	11
903	903	12
904	904	13
905	905	14
906	906	15
907	907	16
908	908	17
909	909	18
910	910	19
911	911	20
912	912	21
913	913	22
914	914	23
915	915	24 - 19 -2023 - 2024 Legislature
916	916	LRB-1049/1
917	917	KP:emw
918	918	SECTION 51
919	919	SENATE BILL 1
920	920	71.17 (6) FUNERAL TRUSTS. If a qualified funeral trust makes the election under
921	921	section 685 of the Internal Revenue Code for federal income tax purposes, that
922	922	election applies for purposes of this chapter and each trust shall compute its own tax
923	923	and shall apply the rates under s. 71.06 (1), (1m), (1n), (1p), (1q), or (1r).
924	924	SECTION 52. 71.64 (9) (b) (intro.) of the statutes is amended to read:
925	925	71.64 (9) (b) (intro.) The department shall from time to time adjust the
926	926	withholding tables to reflect any changes in income tax rates, any applicable surtax
927	927	or any changes in dollar amounts in s. 71.06 (1), (1m), (1n), (1p), (1q), (1r), and (2)
928	928	resulting from statutory changes, except as follows:
929	929	SECTION 53. 71.64 (9) (b) (intro.) of the statutes, as affected by 2023 Wisconsin
930	930	Act .... (this act), is amended to read:
931	931	71.64 (9) (b) (intro.) The department shall from time to time adjust the
932	932	withholding tables to reflect any changes in income tax rates, any applicable surtax
933	933	or any changes in dollar amounts in s. 71.06 (1), (1m), (1n), (1p), (1q), (1r), and (2)
934	934	resulting from statutory changes, except as follows:
935	935	SECTION 54. 71.67 (5) (a) of the statutes is amended to read:
936	936	71.67 (5) (a) Wager winnings. A person holding a license to sponsor and
937	937	manage races under s. 562.05 (1) (b) or (c) shall withhold from the amount of any
938	938	payment of pari-mutuel winnings under s. 562.065 (3) (a) or (3m) (a) an amount
939	939	determined by multiplying the amount of the payment by the highest rate applicable
940	940	to individuals under s. 71.06 (1) (a) to (c), (1m), (1n), (1p), or (1q), or (1r) if the amount
941	941	of the payment is more than $1,000.
942	942	SECTION 55. 71.67 (5) (a) of the statutes, as affected by 2023 Wisconsin Act ....
943	943	(this act), is amended to read:
944	944	1
945	945	2
946	946	3
947	947	4
948	948	5
949	949	6
950	950	7
951	951	8
952	952	9
953	953	10
954	954	11
955	955	12
956	956	13
957	957	14
958	958	15
959	959	16
960	960	17
961	961	18
962	962	19
963	963	20
964	964	21
965	965	22
966	966	23
967	967	24 - 20 -2023 - 2024 Legislature LRB-1049/1
968	968	KP:emw
969	969	SECTION 55 SENATE BILL 1
970	970	71.67 (5) (a) Wager winnings. A person holding a license to sponsor and
971	971	manage races under s. 562.05 (1) (b) or (c) shall withhold from the amount of any
972	972	payment of pari-mutuel winnings under s. 562.065 (3) (a) or (3m) (a) an amount
973	973	determined by multiplying the amount of the payment by the highest rate applicable
974	974	to individuals under s. 71.06 (1) (a) to (c), (1m), (1n), (1p), (1q), or (1r) if the amount
975	975	of the payment is more than $1,000.
976	976	SECTION 56. 71.67 (5m) of the statutes is amended to read:
977	977	71.67 (5m) WITHHOLDING FROM PAYMENTS TO PURCHASE ASSIGNMENT OF LOTTERY
978	978	PRIZE. A person that purchases an assignment of a lottery prize shall withhold from
979	979	the amount of any payment made to purchase the assignment the amount that is
980	980	determined by multiplying the amount of the payment by the highest rate applicable
981	981	to individuals under s. 71.06 (1) (a) to (c), (1m), (1n), (1p), or (1q), or (1r). Subsection
982	982	(5) (b), (c) and (d), as it applies to the amounts withheld under sub. (5) (a), applies
983	983	to the amount withheld under this subsection.
984	984	SECTION 57. 71.67 (5m) of the statutes, as affected by 2023 Wisconsin Act ....
985	985	(this act), is amended to read:
986	986	71.67 (5m) WITHHOLDING FROM PAYMENTS TO PURCHASE ASSIGNMENT OF LOTTERY
987	987	PRIZE. A person that purchases an assignment of a lottery prize shall withhold from
988	988	the amount of any payment made to purchase the assignment the amount that is
989	989	determined by multiplying the amount of the payment by the highest rate applicable
990	990	to individuals under s. 71.06 (1) (a) to (c), (1m), (1n), (1p), (1q), or (1r). Subsection
991	991	(5) (b), (c) and (d), as it applies to the amounts withheld under sub. (5) (a), applies
992	992	to the amount withheld under this subsection.
993	993	SECTION 58. 73.03 (71) of the statutes is repealed.
994	994	SECTION 59. 73.03 (71) (c) 2. of the statutes is amended to read:
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1020	1020	LRB-1049/1
1021	1021	KP:emw
1022	1022	SECTION 59
1023	1023	SENATE BILL 1
1024	1024	73.03 (71) (c) 2. No later than October 20, 2020, the secretary of revenue shall
1025	1025	certify and report the determinations made under pars. (a) 2. and (b) 2. to the
1026	1026	secretary of the department of administration, the governor, the joint committee on
1027	1027	finance, and the legislative audit bureau and specify with that certification and
1028	1028	report that the new tax rates take effect for the taxable year beginning after
1029	1029	December 31, 2019, and before January 1, 2021, and for each taxable year thereafter
1030	1030	beginning after December 31, 2020, and before January 1, 2023, subject to par. (d)
1031	1031	2.
1032	1032	SECTION 60. 73.03 (71) (d) 2. of the statutes is amended to read:
1033	1033	73.03 (71) (d) 2. The legislative audit bureau shall review the determinations
1034	1034	reported under par. (c) 2. and report its findings to the joint legislative audit
1035	1035	committee and the joint committee on finance no later than November 1, 2020. If the
1036	1036	legislative audit bureau's review of the determinations reported under par. (c) 2.
1037	1037	results in a different calculation of the tax rates than that made under par. (b) 2., the
1038	1038	joint committee on finance shall determine which tax rates to apply to the taxable
1039	1039	year beginning after December 31, 2019, and before January 1, 2021, and to each
1040	1040	taxable year thereafter beginning after December 31, 2020, and before January 1,
1041	1041	2023, and report its determination to the governor, the secretary of administration,
1042	1042	and the secretary of revenue no later than November 10, 2020.
1043	1043	SECTION 61.0Nonstatutory provisions.
1044	1044	(1) WITHHOLDING TABLE ADJUSTMENTS FOR 2024. No later than October 1, 2023,
1045	1045	the department of revenue shall update the individual income tax withholding tables
1046	1046	under s. 71.64 (9) to reflect the tax rates, brackets, and sliding scale standard
1047	1047	deduction that are in effect for taxable year 2024. The adjustments made under this
1048	1048	subsection to the withholding tables shall take effect on January 1, 2024.
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1074	1074	KP:emw
1075	1075	SECTION 61 SENATE BILL 1
1076	1076	(2) WITHHOLDING TABLE ADJUSTMENTS FOR 2025. No later than October 1, 2024,
1077	1077	the department of revenue shall update the individual income tax withholding tables
1078	1078	under s. 71.64 (9) to reflect the tax rates, brackets, and sliding scale standard
1079	1079	deduction that are in effect for taxable year 2025. The adjustments made under this
1080	1080	subsection to the withholding tables shall take effect on January 1, 2025.
1081	1081	(3) WITHHOLDING TABLE ADJUSTMENTS FOR 2026. No later than October 1, 2025,
1082	1082	the department of revenue shall update the individual income tax withholding tables
1083	1083	under s. 71.64 (9) to reflect the tax rate and sliding scale standard deduction that is
1084	1084	in effect for taxable year 2026. The adjustments made under this subsection to the
1085	1085	withholding tables shall take effect on January 1, 2026.
1086	1086	SECTION 62.0Effective dates. This act takes effect on the day after publication,
1087	1087	except as follows:
1088	1088	(1) The treatment of ss. 71.06 (1q) (by SECTION 2), (2) (i) (by SECTION 10) and (j)
1089	1089	(by SECTION 12), (2e) (a) (by SECTION 27) and (b) (by SECTION 29), (2m) (by SECTION 37),
1090	1090	and (2s) (d) (by SECTION 39), 71.125 (1) (by SECTION 47) and (2) (by SECTION 49), 71.17
1091	1091	(6) (by SECTION 51), 71.64 (9) (b) (intro.) (by SECTION 53), 71.67 (5) (a) (by SECTION 55)
1092	1092	and (5m) (by SECTION 57), and 73.03 (71) (by SECTION 58) takes effect on January 1,
1093	1093	2029.
1094	1094	(2) The treatment of s. 71.06 (1r) (a) (by SECTION 5), (2) (k) (by SECTION 14) and
1095	1095	(km) (by SECTION 16), (2e) (be) (by SECTION 31), and (2s) (e) (by SECTION 41) takes effect
1096	1096	on January 1, 2030.
1097	1097	(3) The treatment of s. 71.06 (1r) (b) (by SECTION 6), (2) (L) (by SECTION 18) and
1098	1098	(Lm) (by SECTION 20), (2e) (bm) (by SECTION 33), and (2s) (f) (by SECTION 43) takes
1099	1099	effect on January 1, 2031.
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1124	1124	LRB-1049/1
1125	1125	KP:emw
1126	1126	SECTION 62
1127	1127	SENATE BILL 1
1128	1128	(4) The treatment of s. 71.06 (1r) (title) (by SECTION 3), (c) (by SECTION 7), and
1129	1129	(d) (by SECTION 8), (2) (m) (by SECTION 22) and (mm) (by SECTION 24), (2e) (bs) (by
1130	1130	SECTION 35), and (2s) (g) (by SECTION 45) takes effect on January 1, 2032.
1131	1131	(END)
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