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WI AB102

WI AB102
Reducing the eligibility threshold to claim the veterans and surviving spouses property tax credit. (FE)


summary

Introduced
03/08/2023
In Committee
02/26/2024
Crossed Over
02/22/2024
Passed
Dead
04/15/2024

Introduced Session

Potential new amendment
2023-2024 Regular Session

Bill Summary

This bill reduces the eligibility threshold for an eligible veteran, the spouse of an eligible veteran, and the unremarried surviving spouse of an eligible veteran to claim the veterans and surviving spouses property tax credit under the individual income tax system. Under the bill, a claimant may claim the credit if the claimant's service-connected disability rating is at least 70 percent. Currently, that rating must be 100 percent. Under the bill, the maximum credit that a claimant may claim is multiplied by the percentage of the claimant's service-connected disability rating. The bill does not affect a claimant who claims the credit based on his or her individual unemployability rating. Under current law, an individual with a 100 percent disability rating based on individual unemployability may also claim the credit. For further information see the state and local fiscal estimate, which will be printed as an appendix to this bill.

AI Summary

This bill reduces the eligibility threshold for veterans, their spouses, and surviving spouses to claim the veterans and surviving spouses property tax credit under the individual income tax system. Currently, the claimant must have a 100% service-connected disability rating, but the bill lowers this to 70%. The maximum credit a claimant can receive is now multiplied by the percentage of their service-connected disability rating. The bill does not affect those who qualify for the credit based on a 100% disability rating due to individual unemployability.

Committee Categories

Budget and Finance, Education

Sponsors (31)

Last Action

Failed to concur in pursuant to Senate Joint Resolution 1 (on 04/15/2024)

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