Wisconsin 2025-2026 Regular Session

Wisconsin Senate Bill SB118 Compare Versions

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

Old	New	Differences
1	1	2025 - 2026 LEGISLATURE
2	2	LRB-2116/1
3	3	KP:cdc
4	4	2025 SENATE BILL 118
5	5	March 7, 2025 - Introduced by Senator FEYEN, cosponsored by Representatives
6	6	DUCHOW, DITTRICH, KRUG, MELOTIK, MURSAU and RODRIGUEZ. Referred to
7	7	Committee on Agriculture and Revenue.
8	8	AN ACT to create 71.07 (12) and 71.10 (4) (ci) of the statutes; relating to: a tax
9	9	credit for relocating to this state due to Hurricane Helene or the Los Angeles
10	10	wildfires.
11	11	Analysis by the Legislative Reference Bureau
12	12	This bill creates a nonrefundable income tax credit for U.S. citizens who
13	13	resided in the County of Los Angeles, California, or North Carolina up until the Los
14	14	Angeles wildfires of 2025 or Hurricane Helene of 2024 and who moved to this state
15	15	due to either of those disasters. The amount of the credit is $10,000 and the credit
16	16	is effective for tax year 2025. No person who has been convicted of a felony may
17	17	claim the credit.
18	18	For further information see the state fiscal estimate, which will be printed as
19	19	an appendix to this bill.
20	20	The people of the state of Wisconsin, represented in senate and assembly, do
21	21	enact as follows:
22	22	SECTION 1. 71.07 (12) of the statutes is created to read:
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26	26	4 2025 - 2026 Legislature
27	27	SENATE BILL 118
28	28	- 2 - LRB-2116/1
29	29	KP:cdc
30	30	SECTION 1
31	31	71.07 (12) SPECIFIED DISASTER RELOCATION CREDIT. (a) Definitions. In this
32	32	subsection:
33	33	1. XClaimantY means a U.S. citizen who files a claim under this subsection.
34	34	2. XHurricane HeleneY means the hurricane named Helene during the 2024
35	35	Atlantic hurricane season.
36	36	3. XLos Angeles wildfires of 2025Y means the wildfires that occurred between
37	37	January 1, 2025, and January 31, 2025, in the County of Los Angeles, California.
38	38	4. XSpecified disasterY means the Los Angeles wildfires of 2025 or Hurricane
39	39	Helene.
40	40	(b) Filing claims. For taxable years beginning after December 31, 2024, and
41	41	ending before January 1, 2026, and subject to the limitations provided in this
42	42	subsection, a claimant who resided in the County of Los Angeles, California, or the
43	43	state of North Carolina, up until a specified disaster occurred and who moved to
44	44	this state due to the specified disaster may claim as a credit against the tax imposed
45	45	under s. 71.02, up to the amount of those taxes, $10,000.
46	46	(c) Limitations. 1. No person may claim the credit under this subsection
47	47	unless the person has filed an income tax return for the taxable year beginning
48	48	after December 31, 2022, and ending before January 1, 2024, and listed a home
49	49	address located in the County of Los Angeles, California, or the state of North
50	50	Carolina on that return.
51	51	2. No person who has been convicted in any state or federal court of a felony
52	52	may claim the credit under this subsection.
53	53	3. No credit may be allowed under this subsection unless it is claimed within
54	54	the period specified in s. 71.75 (2).
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78	78	24 2025 - 2026 Legislature
79	79	SENATE BILL 118
80	80	- 3 - LRB-2116/1
81	81	KP:cdc
82	82	SECTION 1
83	83	(d) Administration. Subsection (9e) (d), to the extent that it applies to the
84	84	credit under that subsection, applies to the credit under this subsection.
85	85	SECTION 2. 71.10 (4) (ci) of the statutes is created to read:
86	86	71.10 (4) (ci) Specified disaster relocation credit under s. 71.07 (12).
87	87	(END)
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