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WI AB139

WI AB139
A tax credit for relocating to this state due to Hurricane Helene or the Los Angeles wildfires. (FE)


summary

Introduced
03/17/2025
In Committee
06/06/2025
Crossed Over
Passed
Dead

Introduced Session

Potential new amendment
2025-2026 Regular Session

Bill Summary

This bill creates a nonrefundable income tax credit for U.S. citizens who resided in the County of Los Angeles, California, or North Carolina up until the Los Angeles wildfires of 2025 or Hurricane Helene of 2024 and who moved to this state due to either of those disasters. The amount of the credit is $10,000 and the credit is effective for tax year 2025. No person who has been convicted of a felony may claim the credit. For further information see the state fiscal estimate, which will be printed as an appendix to this bill.

AI Summary

This bill creates a nonrefundable income tax credit of $10,000 for U.S. citizens who were living in Los Angeles County, California, or North Carolina and were forced to relocate to Wisconsin due to either the Los Angeles wildfires of 2025 or Hurricane Helene in 2024. To be eligible, claimants must have filed a tax return for the 2022-2023 tax year with a home address in either Los Angeles County or North Carolina, and they cannot have been convicted of a felony. The credit is available for tax years beginning after December 31, 2024, and ending before January 1, 2026, and can be claimed against state income taxes up to the amount of taxes owed. Specifically defined terms include "claimant" (a U.S. citizen filing the claim), "Hurricane Helene" (the hurricane during the 2024 Atlantic hurricane season), and "Los Angeles wildfires of 2025" (wildfires occurring in Los Angeles County between January 1-31, 2025). The bill provides a targeted financial assistance mechanism for individuals displaced by these specific natural disasters, offering them some economic relief upon relocation to Wisconsin.

Committee Categories

Labor and Employment

Sponsors (7)

Last Action

Referred to committee on Rules (on 06/06/2025)

bill text


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