Bill > SB913

This bill makes several changes to Wisconsin law, including removing the definition of "relative" for state lottery purposes, as this term is no longer used in that context. It also modifies the definition of "taxable property" within tax incremental districts, which are areas designated for economic development and financed through property tax increases, by excluding personal property from this definition and focusing solely on real property. Furthermore, the bill adjusts the order in which certain tax withholdings and deposits are accounted for when calculating individual and corporate income tax liabilities, specifically by moving tax withholdings from nonresident members of pass-through entities (businesses like partnerships or S-corporations) and deposits made by nonresident entertainers or entertainment corporations to a later point in the calculation. Finally, it eliminates a provision that prorated the economic development surcharge for businesses that start or stop operating in Wisconsin during a tax year, meaning this surcharge will no longer be adjusted based on the number of days a business is active in the state.

Law Revision Committee (Other)

https://docs.legis.wisconsin.gov/2025/proposals/reg/sen/bill/sb913