summary
Introduced
04/03/2025
04/03/2025
In Committee
05/09/2025
05/09/2025
Crossed Over
Passed
Dead
Introduced Session
Potential new amendment
2025-2026 Regular Session
Bill Summary
Under current law, the Wisconsin Housing and Economic Development Authority administers a low-income housing tax credit program. Under that program, a person may claim as a credit against the person[s income or franchise tax liability, or against the person[s liability for fees imposed on an insurer, the amount allocated by WHEDA in an Xallocation certificateY for a qualified low- income housing project. The bill also requires that WHEDA, if possible, ensure that at least 35 percent of the tax credits it allocates each year under the program are for qualified low- income housing projects in rural areas in Wisconsin and removes the requirement that a qualified low-income housing project be financed with tax-exempt bonds. Finally, the bill makes a technical change to the credit for insurers so that an LRB-2483/1 JK&MDE:cdc 2025 - 2026 Legislature SENATE BILL 178 insurer who is a shareholder of a tax-option corporation, a partner of a partnership, or a member of a limited liability company 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 modifies Wisconsin's low-income housing tax credit program by making several key changes. The Wisconsin Housing and Economic Development Authority (WHEDA) will now be required to allocate at least 35 percent of its annual tax credits to qualified low-income housing projects located in rural areas, defined as cities, villages, or towns with fewer than 10,000 residents that are at least 10 miles from larger municipalities. The bill removes the previous requirement that these housing projects must be financed with tax-exempt bonds, effectively broadening the eligibility for tax credits. Additionally, the bill clarifies tax credit allocation rules for different business structures, specifically allowing insurers who are shareholders of a tax-option corporation, partners in a partnership, or members of a limited liability company to claim these credits. The changes will first apply to taxable years beginning after December 31, 2024, and aim to encourage low-income housing development in rural Wisconsin communities by providing more flexible tax credit allocation mechanisms.
Committee Categories
Agriculture and Natural Resources
Sponsors (22)
Tim Carpenter (D)*,
Kristin Dassler-Alfheim (D)*,
Jodi Habush Sinykin (D)*,
Jesse James (R)*,
Sarah Keyeski (D)*,
Romaine Quinn (R)*,
Melissa Ratcliff (D)*,
Jamie Wall (D)*,
Bob Wirch (D)*,
David Armstrong (R),
Mike Bare (D),
Russell Goodwin (D),
Chanz Green (R),
Rick Gundrum (R),
Brent Jacobson (R),
Joel Kitchens (R),
Rob Kreibich (R),
Scott Krug (R),
William Penterman (R),
Jim Piwowarczyk (R),
Lisa Subeck (D),
Angelito Tenorio (D),
Last Action
Available for scheduling (on 05/09/2025)
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/sb178 |
| Analysis - LC Amendment Memo | https://docs.legis.wisconsin.gov/document/lcamendmentmemos/2025/REG/SB178.pdf |
| SB178 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/1918104.pdf |
| Senate Amendment 1 | https://docs.legis.wisconsin.gov/document/amends/2025/REG/SB178-SA1.pdf |
| Fiscal Note - SB178: Fiscal Estimate From DOR | https://docs.legis.wisconsin.gov/2025/related/fe/sb178/sb178_dor.pdf |
| Fiscal Note - SB178: Fiscal Estimate From OCI | https://docs.legis.wisconsin.gov/2025/related/fe/sb178/sb178_oci.pdf |
| Fiscal Note - SB178: Fiscal Estimate From WHEDA | https://docs.legis.wisconsin.gov/2025/related/fe/sb178/sb178_wheda.pdf |
| BillText | https://docs.legis.wisconsin.gov/document/proposaltext/2025/REG/SB178.pdf |
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