SB 1 - Reduces State Income Taxes - Wisconsin Key Vote
Mary Williams voted Yea (Passage) on this Legislation.
Timeline
- Executive Signed
- March 24, 2014
- House Bill Passed
- March 18, 2014
- Senate Bill Passed
- March 4, 2014
- Introduced
- Jan. 30, 2014
Related Issues
Stage Details
Title: Reduces State Income Taxes
Signed by Governor Scott Walker
Title: Reduces State Income Taxes
Vote Smart's Synopsis:
Vote to pass a bill that reduces income tax rates and appropriates property tax relief aid for technical colleges.
Highlights:
- Reduces the income tax rates from 4.40 to 4 percent for the following tax brackets, for taxable years after December 31, 2013 (Secs. 24-26):
- On all taxable income from $0 to $7,500 for single individuals, heads of households, and fiduciaries;
- On all taxable income from $0 to $10,000 for joint returns; and
- On all taxable income from $0 to $5,000 for married individuals filing separately.
- Appropriates $406 million to the Technical College System Board for property tax relief aid to be annually distributed to each technical college district board beginning February 20, 2015 (Sec. 16).
Title: Reduces State Income Taxes
Vote Smart's Synopsis:
Vote to pass a bill that reduces income tax rates and appropriates property tax relief aid for technical colleges.
Highlights:
- Reduces the income tax rates from 4.40 to 4 percent for the following tax brackets, for taxable years after December 31, 2013 (Secs. 24-26):
- On all taxable income from $0 to $7,500 for single individuals, heads of households, and fiduciaries;
- On all taxable income from $0 to $10,000 for joint returns; and
- On all taxable income from $0 to $5,000 for married individuals filing separately.
- Appropriates $406 million to the Technical College System Board for property tax relief aid to be annually distributed to each technical college district board beginning February 20, 2015 (Sec. 16).
Title: Reduces State Income Taxes
More Info About this Vote
NOTE: THIS IS A BILL PROPOSED BY THE GOVERNOR.