Bill
Bill > SB84
WI SB84
Exempting certain conveyances between grandparents and grandchildren from the real estate transfer fee. (FE)
summary
Introduced
02/26/2025
02/26/2025
In Committee
05/22/2025
05/22/2025
Crossed Over
05/15/2025
05/15/2025
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
This bill exempts conveyances of real estate interests between grandparent and grandchild for nominal consideration from the real estate transfer fee. Subject to various exemptions, current law generally requires a person who conveys an interest in real estate to file a real estate transfer return with the county register of deeds and pay a real estate transfer fee equal to 30 cents for each $100 of the value of the conveyance. Because this bill relates to an exemption from state or local taxes, it may be referred to the Joint Survey Committee on Tax Exemptions for a report to be printed as an appendix to the bill. For further information see the state and local fiscal estimate, which will be printed as an appendix to this bill.
AI Summary
This bill amends Wisconsin state law to expand an existing exemption from real estate transfer fees to include conveyances between grandparents and grandchildren. Currently, real estate transfer fees are typically charged at a rate of 30 cents per $100 of property value when property is transferred, but certain family-related transfers are exempt. This bill specifically adds grandparent-to-grandchild property transfers to the list of exempt transactions, as long as the transfer is made for nominal or no consideration (meaning little to no monetary value is exchanged). The exemption means that when a grandparent transfers real estate to a grandchild without charging market value, they will not have to pay the standard transfer fee or file a real estate transfer return with the county register of deeds. The bill will apply to property transfers filed on its effective date, potentially making it easier and less expensive for grandparents to transfer property to their grandchildren. Because the bill relates to a tax exemption, it may be reviewed by the Joint Survey Committee on Tax Exemptions.
Committee Categories
Agriculture and Natural Resources, Budget and Finance
Sponsors (14)
Howard Marklein (R)*,
Cory Tomczyk (R)*,
Eric Wimberger (R)*,
David Armstrong (R),
Elijah Behnke (R),
Barbara Dittrich (R),
Benjamin Franklin (R),
Dan Knodl (R),
Rob Kreibich (R),
Dave Maxey (R),
Paul Melotik (R),
Amanda Nedweski (R),
Christine Sinicki (D),
Ron Tusler (R),
Last Action
Executive action taken by joint survey committee on Tax Exemptions (on 05/28/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://docs.legis.wisconsin.gov/2025/proposals/reg/sen/bill/sb84 |
| SB84 ROCP for Committee on Insurance, Housing, Rural Issues and Forestry On 5/9/2025 | https://docs.legis.wisconsin.gov/2025/related/records/senate/insurance_housing_rural_issues_and_forestry/1918100.pdf |
| Fiscal Note - SB84: Fiscal Estimate From DOR | https://docs.legis.wisconsin.gov/2025/related/fe/sb84/sb84_dor.pdf |
| BillText | https://docs.legis.wisconsin.gov/document/proposaltext/2025/REG/SB84.pdf |
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