Bill > AB700

This bill, titled "An appropriation for refundable long-term care insurance assessment credits and making an appropriation," proposes to amend a section of Wisconsin statutes related to long-term care insurance assessment credits. Specifically, it changes the funding mechanism for these credits from "the amounts in the schedule" to "a sum sufficient," meaning that whatever amount is necessary to cover the payments for these credits will be appropriated. These credits are tied to specific provisions within the statutes concerning income tax credits for individuals and corporations, as well as credits related to insurance company assessments. The bill also includes a reconciliation provision to ensure it aligns correctly with other legislative actions, particularly if a similar bill, 2025 Assembly Bill 699, is also enacted.

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

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