Bill > AB700

This bill provides a sum sufficient appropriation to authorize refundable long-term care insurance assessment credits. Specifically, the bill amends a section of Wisconsin statutes to allocate funding for payments related to long-term care insurance assessment credits across multiple tax sections (71.07, 71.28, 71.47, and 76.633). The bill is contingent on the enactment of another 2025 Assembly Bill (LRB-5462/1), which means if that related bill is not passed into law, this appropriation bill becomes void. The "sum sufficient" designation means the state will appropriate whatever amount is necessary to fully fund the credits, ensuring that eligible taxpayers can receive the long-term care insurance assessment credits as intended. The bill appears to be a technical funding mechanism to support a broader long-term care insurance credit program that would be established by the companion bill.

Agriculture and Natural Resources, Budget and Finance, Business and Industry

https://docs.legis.wisconsin.gov/2025/proposals/reg/asm/bill/ab700