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Bill > AB628

WI AB628

WI AB628
Allowing renters to claim the veterans and surviving spouses property tax credit. (FE)

summary

Introduced
11/07/2025
In Committee
11/07/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 Regular Session

Bill Summary

Under current law, an eligible veteran or surviving spouse may claim a refundable income tax credit equal to the amount of property taxes the claimant paid during the year on his or her principal dwelling in Wisconsin. Current law does not expressly address the treatment of renters. The Department of Revenue allows an eligible veteran or surviving spouse who is a renter to claim the credit if the claimant is required to pay the property taxes under the rental agreement or other written agreement with the landlord and pays the property taxes directly to the municipality. Under this bill, an eligible veteran or surviving spouse may claim the credit in an amount equal to his or her rent constituting property taxes. The bill defines “rent constituting property taxes” to mean a specified percentage of the rent paid by the claimant during the year for the use of a principal dwelling as housing. The specified percentage is 20 percent if heat is included in the rent and 25 percent if heat is not included. For further information see the state fiscal estimate, which will be printed as an appendix to this bill.

AI Summary

This bill allows eligible veterans and surviving spouses who are renters to claim a property tax credit by modifying existing tax law. Currently, veterans and surviving spouses can claim a refundable tax credit for property taxes paid on their principal dwelling, but the bill expands this to include renters by introducing the concept of "rent constituting property taxes." Under the new provisions, renters can claim a credit equal to 20% of their annual rent if heat is included, or 25% if heat is not included. The bill allows veterans and their spouses to claim this credit separately on their tax returns, with each spouse able to claim 50% of the total rent constituting property taxes. If the credit amount exceeds the veteran's income tax liability, the remaining amount will be issued as a check by the state. The changes will first apply to taxable years beginning on January 1, 2026, providing renters who are veterans or surviving spouses with a new method to offset housing costs through a tax credit.

Committee Categories

Budget and Finance

Sponsors (20)

Last Action

Representative Sheehan added as a coauthor (on 02/20/2026)
(1 Companion Bills)

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