Bill > SB84

This bill amends Wisconsin Statute 77.25(8) to exempt certain property transfers between grandparents and grandchildren from the real estate transfer fee, which is a tax imposed on the sale of real estate. Previously, this exemption applied to transfers between parents and children, stepparents and stepchildren, and parents and their in-laws (son-in-law or daughter-in-law) when the transfer was for a nominal or no cost. The bill adds grandparents and grandchildren to this list of eligible relationships for these tax-exempt transfers, meaning that when a grandparent gives property to a grandchild, or vice versa, for little or no money, they will no longer have to pay the real estate transfer fee. This change will take effect for property transfers filed on or after the bill's effective date.

Agriculture and Natural Resources, Budget and Finance

https://docs.legis.wisconsin.gov/2025/proposals/reg/sen/bill/sb84