Wisconsin legislation · 2025-2026 Regular Session
Wisconsin AB1227: An Act to amend 71.10 (4) (i); to create 20.835 (2) (fm) and 71.07 (8d) of the statutes; Relating to: an income tax credit for property taxes paid by certain senior citizens and making an appropriation. (FE)
Status: Failed, April 8, 2026
What the bill says
To amend 71.10 (4) (i); to create 20.835 (2) (fm) and 71.07 (8d) of the 2statutes; relating to: an income tax credit for property taxes paid by certain 3senior citizens and making an appropriation. Analysis by the Legislative Reference Bureau This bill creates a refundable income tax credit equal to 75 percent of the property taxes paid on the principal dwelling of an individual who is at least 65 years of age if the individual's annual household income is no more than $24,500 and the assessed value of the individual's principal dwelling is no more than $300,000…
From the introduced text, March 19, 2026:
to amend 71.10 (4) (i); to create 20.835 (2) (fm) and 71.07 (8d) of the 2statutes; relating to: an income tax credit for property taxes paid by certain 3senior citizens and making an appropriation. Analysis by the Legislative Reference Bureau This bill creates a refundable income tax credit equal to 75 percent of the property taxes paid on the principal dwelling of an individual who is at least 65 years of age if the individual's annual household income is no more than $24,500 and the assessed value of the individual's principal dwelling is no more than $300,000. An individual who claims a credit under the bill may not claim the school property tax credit, the veterans and surviving spouses property tax credit, the farmland preservation credit, or the homestead credit. Because the credit is refundable, if the amount of the claim for which a claimant is eligible exceeds the claimant's tax liability, the difference will be paid to the claimant by check. For further information see the state fiscal estimate, which will be printed as an appendix to this bill. The people of the state of Wisconsin, represented in senate and assembly, do enact as follows: AB1227,11Section 1. 20.835 (2) (fm) of the statutes is created to read: AB1227,2,3220.835 (2) (fm) Senior citizen property tax credit. A sum sufficient to …