summary
Introduced
01/30/2026
01/30/2026
In Committee
01/30/2026
01/30/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
Under current law, the Wisconsin Housing and Economic Development Authority administers a low-income housing tax credit program. Under that program, a person may claim as a credit against the person’s income or franchise tax liability, or against the person’s liability for fees imposed on an insurer, the amount allocated by WHEDA in an “allocation certificate” for a qualified low- income housing project. The annual amount of tax credits WHEDA certifies under the program may not exceed $42,000,000. The bill increases that annual cap to $100,000,000. The bill also requires that WHEDA, if possible, ensure that at least 35 percent of the tax credits it allocates each year under the program are for qualified low- income housing projects in rural areas in Wisconsin and removes the requirement that a qualified low-income housing project be financed with tax-exempt bonds. Finally, the bill makes a technical change to the credit for insurers so that an insurer who is a shareholder of a tax-option corporation, a partner of a partnership, or a member of a limited liability company may claim the credit. For further information see the state fiscal estimate, which will be printed as an appendix to this bill.
AI Summary
This bill, concerning changes to Wisconsin's low-income housing tax credit program administered by the Wisconsin Housing and Economic Development Authority (WHEDA), significantly increases the annual cap on tax credits WHEDA can certify from $42,000,000 to $100,000,000. It also mandates that WHEDA, whenever possible, allocate at least 35 percent of these tax credits to qualified low-income housing projects located in rural areas, defining a "rural area" as a municipality with fewer than 10,000 residents and at least 10 miles from a city or village of 50,000 or more. Furthermore, the bill removes the requirement that a qualified low-income housing project must be financed with tax-exempt bonds, making more projects eligible. Finally, it makes a technical adjustment to allow insurers who are shareholders of tax-option corporations, partners in partnerships, or members of limited liability companies to claim these tax credits, which are intended to incentivize the development of affordable housing.
Committee Categories
Housing and Urban Affairs
Sponsors (42)
Deb Andraca (D)*,
Margaret Arney (D)*,
Mike Bare (D)*,
Brienne Brown (D)*,
Ben DeSmidt (D)*,
Steve Doyle (D)*,
Jodene Emerson (D)*,
Joan Fitzgerald (D)*,
Russell Goodwin (D)*,
Kalan Haywood (D)*,
Andrew Hysell (D)*,
Alex Joers (D)*,
Tara Johnson (D)*,
Karen Kirsch (D)*,
Renuka Mayadev (D)*,
Vincent Miresse (D)*,
Supreme Moore Omokunde (D)*,
Greta Neubauer (D)*,
Lori Palmeri (D)*,
Pricilla Prado (D)*,
Ann Roe (D)*,
Joe Sheehan (D)*,
Christine Sinicki (D)*,
Lee Snodgrass (D)*,
Ryan Spaude (D)*,
Angela Stroud (D)*,
Shelia Stubbs (D)*,
Lisa Subeck (D)*,
Sequanna Taylor (D)*,
Angelito Tenorio (D)*,
Randy Udell (D)*,
Robyn Vining (D)*,
Tim Carpenter (D),
Kristin Dassler-Alfheim (D),
Dianne Hesselbein (D),
Chris Larson (D),
Melissa Ratcliff (D),
Kelda Roys (D),
Jeff Smith (D),
Mark Spreitzer (D),
Jamie Wall (D),
Bob Wirch (D),
Last Action
Fiscal estimate received (on 03/04/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://docs.legis.wisconsin.gov/2025/proposals/reg/asm/bill/ab976 |
| Fiscal Note - AB976: Fiscal Estimate From WHEDA | https://docs.legis.wisconsin.gov/2025/related/fe/ab976/ab976_wheda.pdf |
| Fiscal Note - AB976: Fiscal Estimate From OCI | https://docs.legis.wisconsin.gov/2025/related/fe/ab976/ab976_oci.pdf |
| BillText | https://docs.legis.wisconsin.gov/document/proposaltext/2025/REG/AB976.pdf |
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