Bill > AB686

This bill reduces the eligibility threshold for veterans, their spouses, and unremarried surviving spouses to claim a property tax credit under Wisconsin's individual income tax system. Currently, veterans must have a 100 percent service-connected disability rating to qualify, but the bill lowers this requirement to a minimum of 70 percent. Additionally, the bill introduces a proportional credit calculation where the maximum credit amount will be multiplied by the veteran's disability rating percentage. For example, a veteran with an 80 percent disability rating would receive 80 percent of the full credit amount. The bill maintains the existing provision that veterans with a 100 percent disability rating based on individual unemployability can still claim the full credit. To be eligible, veterans must have served on active duty under honorable conditions, been a Wisconsin resident at the time of entry into service or for a consecutive 5-year period after active duty, and meet the disability rating requirements. The changes will first apply to taxable years beginning on January 1 following the bill's enactment.

Budget and Finance

https://docs.legis.wisconsin.gov/2025/proposals/reg/asm/bill/ab686