2023-2024 Regular SessionWisconsin Legislature

AB1021: 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.) 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: increasing and expanding the retirement income subtraction. (FE)

Demographic Impact

Overall analysis of equity impact

90% Positive
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Bill History

1/29/2024
Introduced
State Assembly
1/29/2024
Read first time and referred to Joint Committee on Finance
State Assembly
1/29/2024
Read first time and referred to Joint Survey Committee on Tax Exemptions
State Assembly
2/1/2024
Public hearing held
State Assembly
2/7/2024
Executive action taken
State Assembly
2/8/2024
Report passage recommended by Joint Committee on Finance, Ayes 11, Noes 4
State Assembly
2/8/2024
Referred to committee on Rules
State Assembly
2/8/2024
Placed on calendar 2-13-2024 by Committee on Rules
State Assembly
2/8/2024
Executive action taken by joint survey committee on Tax Exemptions
State Assembly
2/8/2024
Report of Joint Survey Committee on Tax Exemptions received
State Assembly
2/13/2024
Read a second time
State Assembly
2/13/2024
Ordered to a third reading
State Assembly
2/13/2024
Rules suspended
State Assembly
2/13/2024
Read a third time and passed, Ayes 64, Noes 32
State Assembly
2/13/2024
Representatives Rozar, Brooks and Bodden added as coauthors
State Assembly
2/13/2024
Ordered immediately messaged
State Assembly
2/14/2024
Received from Assembly
Senate
2/14/2024
Senator Jacque added as a cosponsor
Senate
2/15/2024
Fiscal estimate received
Senate
2/19/2024
Read first time and referred to committee on Senate Organization
Senate
2/19/2024
Available for scheduling
Senate
2/19/2024
Public hearing requirement waived by committee on Senate Organization, pursuant to Senate Rule 18 (1m), Ayes 3, Noes 2
Senate
2/19/2024
Placed on calendar 2-20-2024 pursuant to Senate Rule 18(1)
Senate
2/20/2024
Senate Amendment 1 offered by Senators Wirch, Pfaff, Carpenter, Larson, Hesselbein and Smith
Senate
2/20/2024
Read a second time
Senate
2/20/2024
Senate Amendment 1 rejected, Ayes 22, Noes 10
Senate
2/20/2024
Ordered to a third reading
Senate
2/20/2024
Rules suspended to give bill its third reading
Senate
2/20/2024
Read a third time and concurred in, Ayes 23, Noes 9
Senate
2/20/2024
Ordered immediately messaged
Senate
2/20/2024
Received from Senate concurred in
State Assembly
2/21/2024
Report correctly enrolled on 2-21-2024
State Assembly
2/27/2024
Presented to the Governor on 2-27-2024 by directive of the Speaker
State Assembly
3/1/2024
Report vetoed by the Governor on 3-1-2024
State Assembly
3/13/2024
Referred to committee on Rules
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

Senate Amendment 1

Senate Amendment 1

2/20/2024Not Adopted

Roll Call Votes

Senate: Senate Amendment 1 rejected
2/20/2024
22
Yea
10
Nay
0
Not Voting
0
Absent
Result: PASSED
Senate: Read a third time and concurred in
2/20/2024
23
Yea
9
Nay
0
Not Voting
0
Absent
Result: PASSED
Assembly: Read a third time and passed
2/13/2024
64
Yea
32
Nay
3
Not Voting
0
Absent
Result: PASSED

Status Information

Current Status
Vetoed(3/1/2024)
Chamber
State Assembly

Documents

Enrolled
Bill Text1/1/197043.0 KB
Introduced
Bill Text1/29/202452.7 KB
Misc
Misc1/1/1970193.0 KB
Fiscal Note
Fiscal Note1/1/1970591.2 KB
Fiscal Note
Fiscal Note1/1/1970448.9 KB
Misc
Misc1/1/1970177.5 KB