Wisconsin 2023-2024 Regular Session

Wisconsin Senate Bill SB102 Compare Versions

Only one version of the bill is available at this time.

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3	3	2023 - 2024 LEGISLATURE
4	4	2023 SENATE BILL 102
5	5	March 1, 2023 - Introduced by Senators JACQUE, TESTIN, JAMES, QUINN, SPREITZER,
6	6	TAYLOR and WIRCH, cosponsored by Representatives EDMING, MACCO, ALLEN,
7	7	ANDRACA, ARMSTRONG, BALDEH, BRANDTJEN, CONLEY, DITTRICH, GOEBEN, GREEN,
8	8	MICHALSKI, MURSAU, OHNSTAD, ORTIZ-VELEZ, PENTERMAN, PETRYK, PLUMER,
9	9	ROZAR, SHANKLAND, SINICKI, SUMMERFIELD, TUSLER and WICHGERS. Referred to
10	10	Committee on Universities and Revenue.
11	11	AN ACT to amend 71.07 (6e) (a) 2. b. and 71.07 (6e) (a) 3. d.; and to create 71.07
12	12	(6e) (c) 4. of the statutes; relating to: reducing the eligibility threshold to claim
13	13	the veterans and surviving spouses property tax credit.
14	14	Analysis by the Legislative Reference Bureau
15	15	This bill reduces the eligibility threshold for an eligible veteran, the spouse of
16	16	an eligible veteran, and the unremarried surviving spouse of an eligible veteran to
17	17	claim the veterans and surviving spouses property tax credit under the individual
18	18	income tax system. Under the bill, a claimant may claim the credit if the claimant's
19	19	service-connected disability rating is at least 70 percent. Currently, that rating
20	20	must be 100 percent.
21	21	Under the bill, the maximum credit that a claimant may claim is multiplied by
22	22	the percentage of the claimant's service-connected disability rating. The bill does
23	23	not affect a claimant who claims the credit based on his or her individual
24	24	unemployability rating. Under current law, an individual with a 100 percent
25	25	disability rating based on individual unemployability may also claim the credit.
26	26	For further information see the state and local fiscal estimate, which will be
27	27	printed as an appendix to this bill.
28	28	The people of the state of Wisconsin, represented in senate and assembly, do
29	29	enact as follows:
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32	32	3 - 2 -2023 - 2024 Legislature LRB-0054/2
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34	34	SECTION 1 SENATE BILL 102
35	35	SECTION 1. 71.07 (6e) (a) 2. b. of the statutes is amended to read:
36	36	71.07 (6e) (a) 2. b. An individual who had served on active duty under
37	37	honorable conditions in the U.S. armed forces or in forces incorporated as part of the
38	38	U.S. armed forces; who was a resident of this state at the time of entry into that active
39	39	service or who had been a resident of this state for any consecutive 5-year period
40	40	after entry into that active duty service; who was a resident of this state at the time
41	41	of his or her death; and who had either a service-connected disability rating of 100
42	42	at least 70 percent under 38 USC 1114 or 1134 or a 100 percent disability rating based
43	43	on individual unemployability.
44	44	SECTION 2. 71.07 (6e) (a) 3. d. of the statutes is amended to read:
45	45	71.07 (6e) (a) 3. d. Has either a service-connected disability rating of 100 at
46	46	least 70 percent under 38 USC 1114 or 1134 or a 100 percent disability rating based
47	47	on individual unemployability.
48	48	SECTION 3. 71.07 (6e) (c) 4. of the statutes is created to read:
49	49	71.07 (6e) (c) 4. If a claimant's service-connected disability rating is less than
50	50	100 percent, the amount that the claimant may claim under this subsection shall be
51	51	multiplied by a percentage that equals the eligible veteran's service-connected
52	52	disability rating.
53	53	SECTION 4.0Initial applicability.
54	54	(1) This act first applies to taxable years beginning on January 1 of the year
55	55	in which this subsection takes effect, except that if this subsection takes effect after
56	56	July 31 this act first applies to taxable years beginning on January 1 of the year
57	57	following the year in which this subsection takes effect.
58	58	(END)
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