Bill > AB602

This bill establishes a new provision in Wisconsin statutes, 16.004 (25), to allow the state to participate in a federal tax credit program for contributions made to scholarship granting organizations. Specifically, the Department of Administration will be responsible for annually submitting a list of qualifying scholarship granting organizations located in Wisconsin to the U.S. Secretary of the Treasury and publishing this list online. To be considered qualifying, these organizations must meet the requirements of a federal law, 26 USC 25F, which is a section of the U.S. Internal Revenue Code that allows individuals to receive a tax credit for donating to certain scholarship funds. The bill also mandates that the department certify the state's authority to submit this list and comply with any other federal regulations or guidance related to 26 USC 25F to ensure Wisconsin can participate in this program for taxable years beginning after December 31, 2026. Furthermore, the bill requires the Governor to formally elect to participate in this federal tax credit program by July 1, 2026, making the program available to individuals who make qualified contributions to these scholarship organizations starting with the 2027 tax year.

Budget and Finance, Education

https://docs.legis.wisconsin.gov/2025/proposals/reg/asm/bill/ab602