LRB-5641/1
JK:amn&cjs
2023 - 2024 LEGISLATURE
March 27, 2024 - Introduced by Senator Wirch, cosponsored by Representative
Baldeh. Referred to Committee on Universities and Revenue.
SB1095,1,2
1An Act to create 20.835 (2) (cd) of the statutes;
relating to: providing a tax
2rebate for 2024.
Analysis by the Legislative Reference Bureau
This bill creates a onetime tax rebate payable in 2024. Under the bill, all
individuals filing an individual income tax return for the 2023 tax year will receive
a rebate payment of $982, and married persons filing a joint return will also receive
a rebate payment of $982. The bill provides that all rebate payments be made no
later than December 31, 2024. Under the bill, a nonresident or part-year resident
is not eligible for the rebate.
For further information see the state 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:
SB1095,1
3Section 1
. 20.835 (2) (cd) of the statutes is created to read:
SB1095,1,54
20.835
(2) (cd)
Tax rebate for 2024. A sum sufficient to make the payments
5approved under 2023 Wisconsin Act .... (this act), section 2 (1
).
SB1095,2
6Section 2
.
Nonstatutory provisions.
SB1095,2,1
1(1)
Tax rebate for 2024.
SB1095,2,62
(a) An individual who files a Wisconsin individual income tax return for the
3taxable year beginning after December 31, 2022, and before January 1, 2024, shall
4receive a rebate under this subsection equal to $982. Married persons filing a joint
5return shall receive a rebate under this subsection equal to $982. A nonresident or
6part-year resident is not eligible to receive a rebate under this subsection.
SB1095,2,117
(b) For each rebate under this subsection approved by the department of
8revenue, the department shall certify the allowable amount of the rebate to the
9department of administration for payment drawn from the appropriation account
10under s. 20.835 (2) (cd). The department of administration shall make all payments
11made under this paragraph no later than December 31, 2024.
