Bill
Bill > AB82
WI AB82
WI AB82Exempting certain conveyances between grandparents and grandchildren from the real estate transfer fee. (FE)
summary
Introduced
02/28/2025
02/28/2025
In Committee
10/03/2025
10/03/2025
Crossed Over
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 modifies Wisconsin state law to exempt real estate transfers between grandparents and grandchildren from the real estate transfer fee, which currently requires a fee of 30 cents for every $100 of property value when transferring real estate. Specifically, the bill amends an existing statute to add "grandparent and grandchild" to the list of familial relationships that can transfer property for nominal or no consideration without incurring the transfer fee. The term "nominal consideration" typically means a very low or symbolic payment that does not reflect the true market value of the property. The bill will apply to all property conveyances filed on its effective date, allowing grandparents to transfer real estate to their grandchildren without paying the standard transfer fee, which can help facilitate intergenerational property transfers within families with minimal financial burden.
Committee Categories
Housing and Urban Affairs
Sponsors (14)
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)*,
Howard Marklein (R),
Cory Tomczyk (R),
Eric Wimberger (R),
Last Action
Laid on the table (on 10/07/2025)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://docs.legis.wisconsin.gov/2025/proposals/reg/asm/bill/ab82 |
| Fiscal Note - AB82: Report of the Joint Survey Committee on Tax Exemptions | https://docs.legis.wisconsin.gov/2025/related/fe/ab82/ab82_jscte.pdf |
| AB82 ROCP for Committee on Housing and Real Estate | https://docs.legis.wisconsin.gov/2025/related/records/assembly/housing_and_real_estate/1917945.pdf |
| Fiscal Note - AB82: Fiscal Estimate From DOR | https://docs.legis.wisconsin.gov/2025/related/fe/ab82/ab82_dor.pdf |
| BillText | https://docs.legis.wisconsin.gov/document/proposaltext/2025/REG/AB82.pdf |
Loading...