2025 - 2026 LEGISLATURE
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2025 SENATE BILL 84
February 26, 2025 - Introduced by Senators WIMBERGER, MARKLEIN and TOMCZYK,
cosponsored by Representatives FRANKLIN, ARMSTRONG, BEHNKE, DITTRICH,
KNODL, KREIBICH, MAXEY, MELOTIK, NEDWESKI, TUSLER and SINICKI.
Referred to Committee on Insurance, Housing, Rural Issues and Forestry.
AN ACT to amend 77.25 (8) of the statutes; relating to: exempting certain
conveyances between grandparents and grandchildren from the real estate
transfer fee.
Analysis by the Legislative Reference Bureau
This bill exempts conveyances of real estate interests between grandparent
and grandchild for nominal consideration from the real estate transfer fee. Subject
to various exemptions, current law generally requires a person who conveys an
interest in real estate to file a real estate transfer return with the county register of
deeds and pay a real estate transfer fee equal to 30 cents for each $100 of the value
of the conveyance.
Because this bill relates to an exemption from state or local taxes, it may be
referred to the Joint Survey Committee on Tax Exemptions for a report to be
printed as an appendix to the bill.
For further information see the state and local 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:
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3 2025 - 2026 Legislature
SENATE BILL 84
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SECTION 1
SECTION 1. 77.25 (8) of the statutes is amended to read:
77.25 (8) Between parent and child, stepparent and stepchild, parent and son-
in-law or, parent and daughter-in-law, or grandparent and grandchild for nominal
or no consideration.
SECTION 2. Initial applicability.
(1) This act first applies to conveyances filed on the effective date of this
subsection.
(END)
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