2025 - 2026 LEGISLATURE
LRBb0743/1
EKL:ads
ASSEMBLY AMENDMENT 21,
TO ASSEMBLY SUBSTITUTE AMENDMENT 2,
TO ASSEMBLY BILL 50
July 2, 2025 - Offered by Representatives Prado, Anderson, Andraca, Arney, Bare, Billings, Brown, Clancy, Cruz, DeSanto, DeSmidt, Doyle, Emerson, Fitzgerald, Goodwin, Haywood, Hong, Hysell, J. Jacobson, Joers, Johnson, Kirsch, Madison, Mayadev, McCarville, McGuire, Miresse, Moore Omokunde, Neubauer, Palmeri, Phelps, Rivera-Wagner, Roe, Sheehan, Sinicki, Snodgrass, Spaude, Stroud, Stubbs, Subeck, Taylor, Tenorio, Udell and Vining.
***AUTHORS SUBJECT TO CHANGE***
AB50-ASA2-AA21,1,6471.54 (1) (g) 2012 and thereafter to 2025. (intro.) The amount of any claim 5filed in 2012 and thereafter to 2025 and based on property taxes accrued or rent 6constituting property taxes accrued during the previous year is limited as follows: AB50-ASA2-AA21,27Section 2. 71.54 (1) (g) 4. of the statutes is amended to read: AB50-ASA2-AA21,2,3871.54 (1) (g) 4. Except as provided in subds. 5. and 7., for For claims filed in 92018 and thereafter and based on property taxes accrued or rent constituting 10property taxes accrued during the previous year, no credit may be allowed under 11this paragraph if the claimant has no earned income in the taxable year to which
1the claim relates unless the claimant is disabled and provides the proof required 2under subd. 6. or the claimant or the claimant’s spouse is over the age of 61 at the 3close of the year to which the claim relates. AB50-ASA2-AA21,45Section 4. 71.54 (1) (g) 6. (intro.) of the statutes is amended to read: AB50-ASA2-AA21,2,9671.54 (1) (g) 6. (intro.) With regard to a claimant who is disabled, the A 7claimant who is disabled shall provide with his or her return proof that his or her 8disability is in effect for the taxable year to which the claim relates. Proof of 9disability may be demonstrated by any of the following: AB50-ASA2-AA21,2,141271.54 (1) (h) 2026 and thereafter. Subject to sub. (2m), the amount of any 13claim filed in 2026 and thereafter and based on property taxes accrued or rent 14constituting property taxes accrued during the previous year is limited as follows: AB50-ASA2-AA21,2,18151. If the household income was $19,000 or less in the year to which the claim 16relates, the claim is limited to 80 percent of the property taxes accrued or rent 17constituting property taxes accrued or both in that year on the claimant’s 18homestead. AB50-ASA2-AA21,2,23192. If the household income was more than $19,000 in the year to which the 20claim relates, the claim is limited to 80 percent of the amount by which the property 21taxes accrued or rent constituting property taxes accrued or both in that year on the 22claimant’s homestead exceeds 7.891 percent of the household income exceeding 23$19,000. AB50-ASA2-AA21,3,1
13. No credit may be allowed if the household income exceeds $37,500. AB50-ASA2-AA21,3,324. Notwithstanding the time limitations described in par. (g) (intro.), the 3provisions of par. (g) 4. apply to claims filed under this paragraph. AB50-ASA2-AA21,74Section 7. 71.54 (2) (b) 4. of the statutes is amended to read: AB50-ASA2-AA21,3,6571.54 (2) (b) 4. In calendar years 2011 or any subsequent calendar year to 62024, $1,460. AB50-ASA2-AA21,87Section 8. 71.54 (2) (b) 5. of the statutes is created to read: AB50-ASA2-AA21,3,9871.54 (2) (b) 5. Subject to sub. (2m), in calendar year 2025 or any subsequent 9calendar year, $1,460. AB50-ASA2-AA21,4,51171.54 (2m) Indexing for inflation; 2010 2026 and thereafter. (a) For 12calendar years beginning after December 31, 2009, and before January 1, 2011 132025, the dollar amounts of the threshold income under sub. (1) (f) (h) 1. and 2., the 14maximum household income under sub. (1) (f) (h) 3., and the maximum property 15taxes under sub. (2) (b) 3. 5. shall be increased each year by a percentage equal to 16the percentage change between the U.S. consumer price index for all urban 17consumers, U.S. city average, for the 12-month average of the U.S. consumer price 18index for the month of August of the year before the previous year through the 19month of July of the previous year and the U.S. consumer price index for all urban 20consumers, U.S. city average, for the 12-month average of the U.S. consumer price 21index for August 2007 through July 2008 2024, as determined by the federal 22department of labor, except that the adjustment may occur only if the percentage is 23a positive number. Each amount that is revised under this paragraph shall be
1rounded to the nearest multiple of $10 if the revised amount is not a multiple of $10 2or, if the revised amount is a multiple of $5, such an amount shall be increased to 3the next higher multiple of $10. The department of revenue shall annually adjust 4the changes in dollar amounts required under this paragraph and incorporate the 5changes into the income tax forms and instructions. AB50-ASA2-AA21,4,116(b) The department of revenue shall annually adjust the slope under sub. (1) 7(f) (h) 2. such so that, as a claimant’s income increases from the threshold income as 8calculated adjusted under par. (a), to an amount that exceeds the maximum 9household income as calculated adjusted under par. (a), the credit that may be 10claimed is reduced to $0, and the department of revenue shall incorporate the 11changes into the income tax forms and instructions. AB50-ASA2-AA21,4,1413(1) Homestead tax credit. The treatment of s. 71.54 (1) (h) first applies to 14claims filed for taxable years beginning after December 31, 2024.”.
