Date of enactment: March 4, 2024
2023 Assembly Bill 1023 Date of publication*: March 5, 2024
2023 WISCONSIN ACT 101
AN ACT to renumber and amend 71.07 (9g) (b); and to create 71.07 (9g) (b) 2. and 71.07 (9g) (c) 5. of the statutes;
relating to: expanding the child and dependent care credit.
The people of the state of Wisconsin, represented in
senate and assembly, do enact as follows:
SECTION 1. 71.07 (9g) (b) of the statutes is renum-
bered 71.07 (9g) (b) 1. and amended to read:
71.07 (9g) (b) 1. For taxable years beginning after
December 31, 2021, and before January 1, 2024, and sub-
ject to the limitations provided in this subsection, a
claimant may claim as a credit against the tax imposed
under s. 71.02, up to the amount of those taxes, an amount
equal to 50 percent of the federal child and dependent
care tax credit claimed by the claimant on his or her fed-
eral income tax return for the taxable year to which the
claim under this subsection relates.
SECTION 2. 71.07 (9g) (b) 2. of the statutes is created
to read:
71.07 (9g) (b) 2. For taxable years beginning after
December 31, 2023, and subject to the limitations pro-
vided in this subsection, a claimant may claim as a credit
against the tax imposed under s. 71.02, up to the amount
of those taxes, an amount equal to 100 percent of the fed-
eral child and dependent care tax credit that the claimant
may claim on his or her federal income tax return for the
taxable year to which the claim under this subsection
relates using the expense limitation under par. (c) 5.
rather than the expense limitation under 26 USC 21 (c).
SECTION 3. 71.07 (9g) (c) 5. of the statutes is created
to read:
71.07 (9g) (c) 5. Notwithstanding 26 USC 21 (c), for
taxable years beginning after December 31, 2023, the
maximum allowable expenses to determine the amount
of the credit under par. (b) 2. is $10,000 for one qualify-
ing individual, as defined in 26 USC 21 (b), and $20,000
for 2 or more qualifying individuals, as defined in 26
USC 21 (b).
* Section 991.11, WISCONSIN STATUTES: Effective date of acts. “Every act and every portion of an act enacted by the legislature over the governor’s
partial veto which does not expressly prescribe the time when it takes effect shall take effect on the day after its date of publication.”