Wisconsin House Bill 637 (Prior Session Legislation)

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Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 7)
Status: Failed on March 23 2012 - 100% progression
Action: 2012-03-23 - Failed to pass pursuant to Senate Joint Resolution 1
Text: Latest bill text (Introduced) [PDF]

An Act to repeal 71.07 (5n), 71.07 (9e) (aj), 71.10 (4) (cr), 71.255 (6) (bm), 71.26 (4) (b), 71.28 (5n), 71.30 (3) (dn), 71.45 (4) (b), 71.47 (5n), 71.49 (1) (dn), 71.54 (1) (g) and 71.54 (2) (b) 4.; to renumber and amend 71.26 (4) (a) and 71.45 (4) (a); to amend 71.01 (14), 71.05 (6) (a) 15., 71.05 (6) (b) 9., 71.05 (6) (b) 9m., 71.05 (6) (b) 25., 71.05 (6) (b) 47. b., 71.05 (6) (b) 47. c., 71.05 (8) (b), 71.05 (25) (b) (intro.), 71.06 (1p) (e), 71.06 (2) (g) 5., 71.06 (2) (h) 5., 71.06 (2e) (b), 71.07 (9e) (af) (intro.), 71.09 (11) (f), 71.21 (4), 71.255 (2m) (d), 71.255 (6) (a), 71.26 (2) (a) 4., 71.34 (1k) (g), 71.36 (1m) (a), 71.45 (2) (a) 10., 71.54 (1) (f) (intro.), 71.54 (2) (b) 3., 71.54 (2m), 72.01 (11m), 72.01 (11n), 72.02 and 77.92 (4); and to create 71.06 (1p) (f), 71.06 (2) (g) 6. and 71.06 (2) (h) 6. of the statutes; relating to: disregarding a taxpayer's election to include another in its combined group, disallowing certain carry-forward amounts for combined reporting purposes, repealing the income and franchise tax credit for qualified production activities income, repealing the changes made to the earned income tax credit in 2011 Wisconsin Act 32, restoring indexing provisions to the homestead tax credit, eliminating the individual income tax exclusion for long-term capital gains other than for farm assets, computing the estate tax based on 2002 federal law, and creating a new individual income tax upper bracket. (FE)

Disregarding a taxpayer's election to include another in its combined group, disallowing certain carry-forward amounts for combined reporting purposes, repealing the income and franchise tax credit for qualified production activities income, repealing the changes made to the earned income tax credit in 2011 Wisconsin Act 32, restoring indexing provisions to the homestead tax credit, eliminating the individual income tax exclusion for long-term capital gains other than for farm assets, computing the estate tax based on 2002 federal law, and creating a new individual income tax upper bracket. (FE)

Rep. Chris Taylor [D]	Rep. Jocasta Zamarripa [D]	Rep. Tamara Grigsby [D]	Rep. Elizabeth Coggs [D]
Rep. Terese Berceau [D]	Sen. Kelda Roys [D]	Rep. Christine Sinicki [D]

Date	Chamber	Action
2012-03-23	House	Failed to pass pursuant to Senate Joint Resolution 1
2012-02-28	House	Fiscal estimate received
2012-02-27	House	Read first time and referred to joint committee on Finance
2012-02-27	House	Introduced

Type	Source
Summary	https://docs.legis.wisconsin.gov/2011/proposals/reg/asm/bill/ab637
Text	https://docs.legis.wisconsin.gov/document/proposaltext/2011/REG/AB637.pdf