2023-2024 Regular SessionWisconsin Legislature

AB386: Lowering the individual income tax rates in the third bracket and increasing and expanding the retirement income subtraction. (FE)

Legislative Summary

An Act to amend 71.05 (1) (am), 71.05 (1) (an), 71.05 (6) (b) 4. (intro.), 71.05 (6) (b) 54. (intro.), 71.06 (1q) (c), 71.06 (2) (i) 3., 71.06 (2) (j) 3. and 71.83 (1) (a) 6.; and to create 71.05 (6) (b) 54m. and 71.05 (6) (b) 54mn. of the statutes; Relating to: lowering the individual income tax rates in the third bracket and increasing and expanding the retirement income subtraction. (FE)

Bill History

8/29/2023
Introduced
State Assembly
8/29/2023
Read first time and referred to Committee on Ways and Means
State Assembly
8/30/2023
Public hearing held
State Assembly
8/30/2023
Representative Brooks added as a coauthor
State Assembly
8/30/2023
Referred to joint survey committee on Tax Exemptions pursuant to s.13.52, Wisconsin Statutes
State Assembly
8/31/2023
Representative Tranel added as a coauthor
State Assembly
9/6/2023
Executive action taken
State Assembly
9/6/2023
Report passage recommended by Committee on Ways and Means, Ayes 9, Noes 3
State Assembly
9/6/2023
Referred to committee on Rules
State Assembly
9/7/2023
Placed on calendar 9-12-2023 by Committee on Rules
State Assembly
9/11/2023
Fiscal estimate received
State Assembly
9/11/2023
Executive action taken by joint survey committee on Tax Exemptions
State Assembly
9/11/2023
Report of Joint Survey Committee on Tax Exemptions received
State Assembly
9/12/2023
Read a second time
State Assembly
9/12/2023
Assembly Amendment 1 offered by Representatives Ohnstad, Cabrera, Palmeri, Sinicki, Ratcliff, Joers, Myers, C. Anderson, Stubbs, Bare, Jacobson, Snodgrass, Conley, Emerson, Billings, Subeck, Considine, Riemer, Neubauer, J. Anderson, Shankland, Shelton, Goyke, Moore Omokunde, Andraca, Haywood, Baldeh, Ortiz-Velez, Drake, McGuire and Vining
State Assembly
9/12/2023
Point of order that Assembly Amendment 1 not germane under Assembly Rule 54 (3)(f) well taken
State Assembly
9/12/2023
Decision of the Chair appealed
State Assembly
9/12/2023
Decision of the Chair upheld, Ayes 64, Noes 35
State Assembly
9/12/2023
Ordered to a third reading
State Assembly
9/12/2023
Rules suspended
State Assembly
9/12/2023
Read a third time and passed, Ayes 64, Noes 35
State Assembly
9/12/2023
Ordered immediately messaged
State Assembly
9/13/2023
Received from Assembly
Senate
9/20/2023
Read first time and referred to committee on Universities and Revenue
Senate
9/22/2023
Withdrawn from committee on Universities and Revenue and rereferred to joint committee on Finance pursuant to Senate Rule 46(2)(c)
Senate
9/26/2023
Executive action taken
Senate
9/26/2023
Report concurrence recommended by Joint Committee on Finance, Ayes 11, Noes 4
Senate
9/26/2023
Available for scheduling
Senate
1/12/2024
Public hearing requirement waived by committee on Senate Organization, pursuant to Senate Rule 18 (1m), Ayes 5, Noes 0
Senate
1/12/2024
Placed on calendar 1-16-2024 pursuant to Senate Rule 18(1)
Senate
1/16/2024
Read a second time
Senate
1/16/2024
Ordered to a third reading
Senate
1/16/2024
Rules suspended to give bill its third reading
Senate
1/16/2024
Read a third time and concurred in, Ayes 22, Noes 10
Senate
1/16/2024
Ordered immediately messaged
Senate
1/16/2024
Received from Senate concurred in
State Assembly
1/17/2024
Report correctly enrolled on 1-17-2024
State Assembly
3/26/2024
Presented to the Governor on 3-26-2024
State Assembly
3/29/2024
Report vetoed by the Governor on 3-29-2024
State Assembly
5/14/2024
Placed on calendar 5-14-2024 pursuant to Joint Rule 82 (2)(a)
State Assembly
5/15/2024
Failed to pass notwithstanding the objections of the Governor pursuant to Joint Rule 82
State Assembly

Amendments

Assembly Amendment 1

Assembly Amendment 1

9/12/2023Not Adopted

Roll Call Votes

Senate: Read a third time and concurred in
1/16/2024
22
Yea
10
Nay
1
Not Voting
0
Absent
Result: PASSED
Assembly: Decision of the Chair upheld
9/12/2023
64
Yea
35
Nay
0
Not Voting
0
Absent
Result: PASSED
Assembly: Read a third time and passed
9/12/2023
64
Yea
35
Nay
0
Not Voting
0
Absent
Result: PASSED

Status Information

Current Status
Vetoed(3/29/2024)
Chamber
State Assembly

Documents

Enrolled
Bill Text1/17/202444.2 KB
Introduced
Bill Text8/29/202356.0 KB
Misc
Misc1/1/1970299.0 KB
Fiscal Note
Fiscal Note1/1/1970543.7 KB
Fiscal Note
Fiscal Note1/1/1970515.6 KB
Misc
Misc1/1/1970176.4 KB
Misc
Misc1/1/1970177.9 KB