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“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
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July 30, 2002
by Dave Baker
BenefitsLink has just learned that Wisconsin state income tax laws now conform to federal income tax laws as amended by the Economic Growth and Tax Relief Reconciliation Act of 2001 ("EGTRRA").
Wisconsin was brought into conformity by the "budget repair bill" signed by Governor Scott McCallum on July 26, 2002, according to attorney Brian L. Anderson of the Madison law firm of DeWitt Ross & Stevens S.C. Officially known as January 2002 Special Session Assembly Bill 1, it became 2001 Wisconsin Act 109.
The only income tax provision of EGTRRA not adopted in Wisconsin was EGTRRA section 431, pertaining to qualified higher education expenses (as set forth in Internal Revenue Code section 222), said Anderson in a memo to members of the Business Law Section of the State Bar of Wisconsin.