SB70-AA1,19,98 2. “Flood insurance" means a flood insurance policy that covers the principal
9dwelling of the claimant.
SB70-AA1,19,1510 (b) Filing claims. Subject to the limitations provided in this subsection, for
11taxable years beginning after December 31, 2022, a claimant may claim as a credit
12against the tax imposed under s. 71.02, up to the amount of those taxes, an amount
13equal to 10 percent of the amount of the premiums the claimant paid in the taxable
14year for flood insurance, but the amount of the credit may not exceed $60 in any
15taxable year.
SB70-AA1,19,1716 (c) Limitations. 1. No credit may be claimed under this subsection by a
17part-year resident or a nonresident of this state.
SB70-AA1,19,1918 2. No credit may be allowed under this subsection unless it is claimed within
19the period specified in s. 71.75 (2).
SB70-AA1,19,2220 3. No credit may be allowed under this subsection for a taxable year covering
21a period of less than 12 months, except for a taxable year closed by reason of the death
22of the taxpayer.
SB70-AA1,19,2423 (d) Administration. Subsection (9e) (d), to the extent that it applies to the credit
24under that subsection, applies to the credit under this subsection.
SB70-AA1,3
1Section 3. 71.10 (4) (hg) of the statutes is created to read:
SB70-AA1,20,22 71.10 (4) (hg) Flood insurance premiums credit under s. 71.07 (8s).”.
SB70-AA1,20,3 3107. Page 327, line 13: after that line insert:
SB70-AA1,20,4 4 Section 4. 77.52 (2) (a) 21. of the statutes is created to read:
SB70-AA1,20,135 77.52 (2) (a) 21. The sale of the right to access and use prewritten computer
6software, as defined in s. 77.51 (10r), if possession of the prewritten computer
7software is maintained by the seller or a 3rd party, including sales made on a per use,
8per user, per license, or subscription basis, or some other basis. This subdivision
9includes the sale of the right to access and use prewritten computer software to
10perform data processing and information services, regardless of whether the
11primary purpose of the transaction is the processed data, including check processing,
12image processing, form processing, survey processing, payroll processing, claim
13processing, and similar activities.”.
SB70-AA1,20,14 14108. Page 374, line 11: after that line insert:
SB70-AA1,20,15 15 Section 5. 49.1635 (1) of the statutes is repealed.
SB70-AA1,6 16Section 6. 49.1635 (2) of the statutes is repealed.
SB70-AA1,7 17Section 7. 49.1635 (3) of the statutes is repealed.
SB70-AA1,8 18Section 8. 49.1635 (4) of the statutes is repealed.
SB70-AA1,9 19Section 9. 49.1635 (5) (a) of the statutes is renumbered 49.1635 (1m) and
20amended to read:
SB70-AA1,21,221 49.1635 (1m) From the allocation under s. 49.175 (1) (j), the department shall
22make a grant of $500,000 $1,000,000 in each fiscal year to Wisconsin Trust Account
23Foundation, Inc., for distribution of annual awards of not more than $75,000 per year

1per program
to programs that provide legal services to persons who are eligible under
2par. (b) 2. sub. (2m) (b) if all of the following apply:
SB70-AA1,21,63 (a) Wisconsin Trust Account Foundation, Inc., submits a plan to the
4department detailing the proposed use of the grant; the proposed use of the grant
5conforms to the requirements under par. (b) sub. (2m); and the secretary of the
6department, or his or her designee, approves the plan.
SB70-AA1,21,107 (b) Wisconsin Trust Account Foundation, Inc., enters into an agreement with
8the department that specifies the conditions for the use of the grant proceeds, and
9the conditions conform to the requirements under par. (b) sub. (2m) and include
10training, reporting, and auditing requirements.
SB70-AA1,21,1311 (c) Wisconsin Trust Account Foundation, Inc., agrees in writing to submit to the
12department the reports required under par. (c) sub. (3m) by the times required under
13par. (c) sub. (3m).
SB70-AA1,10 14Section 10. 49.1635 (5) (b) of the statutes is renumbered 49.1635 (2m), and
1549.1635 (2m) (a), as renumbered, is amended to read:
SB70-AA1,21,1816 49.1635 (2m) (a) Subject to subd. 3. par. (c), the grant may be used only to
17provide legal services in civil matters related to eviction, domestic abuse, or sexual
18abuse, or to restraining orders or injunctions for individuals at risk under s. 813.123.
SB70-AA1,11 19Section 11. 49.1635 (5) (c) of the statutes is renumbered 49.1635 (3m) and
20amended to read:
SB70-AA1,22,421 49.1635 (3m) For each fiscal year in which the department makes a grant
22under this subsection section, Wisconsin Trust Account Foundation, Inc., shall
23submit to the department, within 3 months after spending the full amount of that
24grant, a report detailing how the grant proceeds were used. The department may not
25make a grant in a subsequent fiscal year unless Wisconsin Trust Account

1Foundation, Inc., submits the report under this paragraph subsection within the
2time required and the department determines that the grant proceeds were used in
3accordance with the approved plan under par. (a) 1. sub. (1m) (a), the agreement
4under par. (a) 2. sub. (1m) (b), and the requirements under par. (b) sub. (2m).
SB70-AA1,12 5Section 12. 49.175 (1) (j) of the statutes is amended to read:
SB70-AA1,22,96 49.175 (1) (j) Grants for providing civil legal services. For the grants under s.
749.1635 (5) to Wisconsin Trust Account Foundation, Inc., for distribution to
8programs that provide civil legal services to low-income families, $500,000
9$1,000,000 in each fiscal year.”.
SB70-AA1,22,10 10109. Page 374, line 11: after that line insert:
SB70-AA1,22,11 11 Section 1. 49.775 (4) of the statutes is amended to read:
SB70-AA1,22,1612 49.775 (4) Payment amount. The payment under sub. (2) is $250 per month for
13one dependent child and $150 per month for each additional dependent child, except
14that beginning in the 2023-24 fiscal year, the payment under sub. (2) is $300 per
15month for one dependent child and $180 per month for each additional dependent
16child
.”.
SB70-AA1,22,17 17110. Page 374, line 11: after that line insert:
SB70-AA1,22,18 18 Section 9101. Nonstatutory provisions; Administration.
SB70-AA1,22,24 19(7e) Homeless case management grant program. The authorized FTE
20positions for the department of administration are increased by 3.0 GPR positions
21to administer affordable workforce housing grants, municipal home rehabilitation
22grants, whole-home upgrade grants, and rental housing safety grants and by 2.0
23GPR positions to administer, all to be funded from the appropriation under s. 20.505
24(7) (a).
SB70-AA1,9201
1Section 9201. Fiscal changes; Administration.
SB70-AA1,23,5 2(7e) Homeless case management grant program. In the schedule under s.
320.005 (3) for the appropriation to the department of administration under s. 20.505
4(7) (a), the dollar amount for fiscal year 2023-24 is increased by $363,100 and the
5dollar amount for fiscal year 2024-25 is increased by $484,100.”.
SB70-AA1,23,6 6111. Page 374, line 11: after that line insert:
SB70-AA1,23,7 7 Section 13. 71.07 (6e) (a) 2. b. of the statutes is amended to read:
SB70-AA1,23,158 71.07 (6e) (a) 2. b. An individual who had served on active duty under
9honorable conditions in the U.S. armed forces or in forces incorporated as part of the
10U.S. armed forces; who was a resident of this state at the time of entry into that active
11service or who had been a resident of this state for any consecutive 5-year period
12after entry into that active duty service; who was a resident of this state at the time
13of his or her death; and who had either a service-connected disability rating of 100
14at least 70 percent under 38 USC 1114 or 1134 or a 100 percent disability rating based
15on individual unemployability.
SB70-AA1,14 16Section 14. 71.07 (6e) (a) 3. d. of the statutes is amended to read:
SB70-AA1,23,1917 71.07 (6e) (a) 3. d. Has either a service-connected disability rating of 100 at
18least 70
percent under 38 USC 1114 or 1134 or a 100 percent disability rating based
19on individual unemployability.
SB70-AA1,15 20Section 15. 71.07 (6e) (c) 4. of the statutes is created to read:
SB70-AA1,23,2321 71.07 (6e) (c) 4. If a service-connected disability rating is less than 100 percent,
22the amount that the claimant may claim under this subsection shall be multiplied
23by a percentage that equals that service-connected disability rating.
SB70-AA1,9337 24Section 9337. Initial applicability; Revenue.
SB70-AA1,24,3
1(1s) Veterans property tax credit expansion. The treatment of s. 71.07 (6e)
2(a) 2. b. and 3. d. and (c) 4. first applies to taxable years beginning after December
331, 2022.”.
SB70-AA1,24,4 4112. Page 374, line 11: after that line insert:
SB70-AA1,24,5 5 Section 16. 15.185 (6) of the statutes is created to read:
SB70-AA1,24,96 15.185 (6) Small business retirement savings board. (a) There is created a
7small business retirement savings board that is attached to the department of
8financial institutions under s. 15.03. The board shall consist of the following
9members:
SB70-AA1,24,1010 1. The secretary of financial institutions or his or her designee.
SB70-AA1,24,1311 2. One member who has a favorable reputation for skill, knowledge, and
12experience in the field of retirement saving and investments, appointed by the
13governor.
SB70-AA1,24,1514 3. One member who has a favorable reputation for skill, knowledge, and
15experience relating to small business, appointed by the governor.
SB70-AA1,24,1916 4. One member who is a representative of an association representing
17employees or who has a favorable reputation for skill, knowledge, and experience in
18the interests of employees in retirement saving, appointed by the speaker of the
19assembly.
SB70-AA1,24,2220 5. One member who has a favorable reputation for skill, knowledge, and
21experience in the interests of employers in retirement saving, appointed by the
22president of the senate.
SB70-AA1,25,3
16. One member who has a favorable reputation for skill, knowledge, and
2experience in retirement investment products or retirement plan designs, appointed
3by the secretary of financial institutions.
SB70-AA1,25,44 7. One member appointed by the investment board.
SB70-AA1,25,55 (b) The members under par. (a) 2. to 7. shall be appointed for 4-year terms.
SB70-AA1,17 6Section 17. 16.705 (1b) (d) of the statutes is amended to read:
SB70-AA1,25,87 16.705 (1b) (d) The department of financial institutions under s. 224.51 or the
8small business retirement savings board under s. 224.56
.
SB70-AA1,18 9Section 18. 16.71 (5r) of the statutes is amended to read:
SB70-AA1,25,1210 16.71 (5r) The department shall delegate authority to the department of
11financial institutions to enter into vendor contracts under s. 224.51 and to the small
12business retirement savings board to enter into vendor contracts under s. 224.56
.
SB70-AA1,19 13Section 19. 20.144 (4) (title) of the statutes is created to read:
SB70-AA1,25,1414 20.144 (4) (title) Small business retirement savings program.
SB70-AA1,20 15Section 20. 20.144 (4) (a) of the statutes is created to read:
SB70-AA1,25,1716 20.144 (4) (a) General program operations. The amounts in the schedule for
17the small business retirement savings program under s. 224.56.
SB70-AA1,21 18Section 21. 20.144 (4) (g) of the statutes is created to read:
SB70-AA1,25,2119 20.144 (4) (g) Program operations; other funds. All moneys received for the
20small business retirement savings program under s. 224.56, for the purposes for
21which received.
SB70-AA1,22 22Section 22. 224.56 of the statutes is created to read:
SB70-AA1,25,24 23224.56 Small business retirement savings program. (1) Definitions. In
24this section:
SB70-AA1,26,2
1(a) “Account" means a retirement savings account established for an eligible
2employee under the program under this section.
SB70-AA1,26,33 (b) “Board" means the small business retirement savings board.
SB70-AA1,26,54 (c) “Eligible employee” means an individual who resides in this state and who
5is any of the following:
SB70-AA1,26,76 1. Employed by a private employer that does not offer a retirement savings
7plan.
SB70-AA1,26,98 2. Employed by a private employer and not eligible to participate in a
9retirement savings plan offered by the private employer.
SB70-AA1,26,1110 (d) “Investment administrator” means the vendor with which the board has
11contracted under sub. (2) (b).
SB70-AA1,26,1312 (e) “Participating employer” means a private employer that qualifies for and
13has elected to participate in the program as provided in sub. (4) (a).
SB70-AA1,26,1414 (f) “Roth IRA” has the meaning given in 26 USC 408A (b).
SB70-AA1,26,1615 (g) “Traditional IRA” means an individual retirement account under 26 USC
16408
.
SB70-AA1,26,19 17(2) Establishment of program. (a) Subject to par. (b), the board shall establish
18and oversee a small business retirement savings program that meets the
19requirements specified in this section.
SB70-AA1,26,2220 (b) After soliciting competitive sealed proposals under s. 16.75 (2m), the board
21shall select and contract with a vendor to provide the following services in
22administering the small business retirement savings program:
SB70-AA1,26,2323 1. Investment services.
SB70-AA1,26,2424 2. Accounting and record-keeping services.
SB70-AA1,26,2525 3. Any other professional services considered necessary by the board.
SB70-AA1,27,2
1(3) General program requirements. The board shall design the program
2under this section so that it meets all of the following requirements:
SB70-AA1,27,63 (a) The program allows eligible employees to contribute to their accounts
4through payroll deductions and requires participating employers to withhold from
5employees' wages, through payroll deductions, employees' account contributions and
6remit those contributions directly to the investment administrator.
SB70-AA1,27,107 (b) Subject to the record-keeping requirement under sub. (6) (b), the program
8allows the investment administrator to pool accounts for investment purposes and
9designates the investment administrator as the trustee of account contributions and
10earnings.
SB70-AA1,27,1311 (c) The administrative costs of the program are low, and the fee that the
12investment administrator may charge an eligible employee is limited to a fixed
13monthly fee in an amount approved by the board.
SB70-AA1,27,1514 (d) The program does not require an eligible employee to maintain a minimum
15account balance if the employee makes contributions to the account each pay period.
SB70-AA1,27,1816 (e) The program allows account consolidation and roll over, including roll over
17to a retirement savings option not part of the program to the extent allowed under
18the Internal Revenue Code.
SB70-AA1,27,2119 (f) The program allows an eligible employee who has established an account to
20continue the account after separating from employment with a participating
21employer if the account is maintained with a positive balance.
SB70-AA1,28,222 (g) The program incorporates maximum contribution limits established by the
23board in accordance with the Internal Revenue Code contribution limits for Roth
24IRAs, separately and in combination with traditional IRAs, as well as any similar

1contribution limit for account types other than a Roth IRA if the account type is
2offered under sub. (5) (a) 2.
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