Bill > AB333

This bill creates a refundable income tax credit for individuals with family incomes at or below 200 percent of the federal poverty line who purchase bicycles, including electric bicycles, for their dependents. The credit allows taxpayers to claim up to $200 per dependent for bicycle purchases made after December 31, 2024, with the full amount of the credit available even if it exceeds the taxpayer's income tax liability. To claim the credit, individuals must submit documentation to the Department of Revenue verifying the bicycle's purchase price. The credit is only available to full-year Wisconsin residents and must be claimed within the specified tax filing period. If the claimed credit amount is larger than the taxpayer's tax liability, the excess will be issued as a refund check by the state. The bill amends existing tax code to add this new bicycle purchase credit to the list of allowable tax credits and creates a specific appropriation to fund these potential refunds.

Budget and Finance

https://docs.legis.wisconsin.gov/2025/proposals/reg/asm/bill/ab333