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LRB-0127/1
JK:ahe
2021 - 2022 LEGISLATURE
March 24, 2021 - Introduced by Senators Jacque, L. Taylor, Carpenter, Roth,
Testin and Wirch, cosponsored by Representatives Edming, Mursau, L.
Myers
, Anderson, Andraca, Armstrong, Bowen, Brandtjen, Callahan,
Drake, Hebl, Horlacher, Milroy, Novak, Ortiz-Velez, Petersen, Petryk,
Rozar, Shankland, Sinicki, Snodgrass, Summerfield and Tranel. Referred
to Committee on Financial Institutions and Revenue.
SB243,1,3 1An Act to amend 71.07 (6e) (a) 2. b. and 71.07 (6e) (a) 3. d.; and to create 71.07
2(6e) (c) 4. of the statutes; relating to: reducing the eligibility threshold to claim
3the veterans and surviving spouses property tax credit.
Analysis by the Legislative Reference Bureau
This bill reduces the eligibility threshold for an eligible veteran, the spouse of
an eligible veteran, and the unremarried surviving spouse of an eligible veteran to
claim the veterans and surviving spouses property tax credit under the individual
income tax system. Under the bill, a claimant may claim the credit if the claimant's
service-connected disability rating is at least 70 percent. Currently, that rating
must be 100 percent.
Under the bill, the maximum credit that a claimant may claim is multiplied by
the percentage of the claimant's service-connected disability rating. The bill does
not affect a claimant who claims the credit based on his or her individual
unemployability rating. Under current law, an individual with a 100 percent
disability rating based on individual unemployability may also claim the credit.
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:
SB243,1
1Section 1. 71.07 (6e) (a) 2. b. of the statutes is amended to read:
SB243,2,92 71.07 (6e) (a) 2. b. An individual who had served on active duty under
3honorable conditions in the U.S. armed forces or in forces incorporated as part of the
4U.S. armed forces; who was a resident of this state at the time of entry into that active
5service or who had been a resident of this state for any consecutive 5-year period
6after entry into that active duty service; who was a resident of this state at the time
7of his or her death; and who had either a service-connected disability rating of 100
8at least 70 percent under 38 USC 1114 or 1134 or a 100 percent disability rating based
9on individual unemployability.
SB243,2 10Section 2. 71.07 (6e) (a) 3. d. of the statutes is amended to read:
SB243,2,1311 71.07 (6e) (a) 3. d. Has either a service-connected disability rating of 100 at
12least 70
percent under 38 USC 1114 or 1134 or a 100 percent disability rating based
13on individual unemployability.
SB243,3 14Section 3. 71.07 (6e) (c) 4. of the statutes is created to read:
SB243,2,1815 71.07 (6e) (c) 4. If a claimant's service-connected disability rating is less than
16100 percent, the amount that the claimant may claim under this subsection shall be
17multiplied by a percentage that equals the eligible veteran's service-connected
18disability rating.
SB243,4 19Section 4. Initial applicability.
SB243,2,2320 (1) This act first applies to taxable years beginning on January 1 of the year
21in which this subsection takes effect, except that if this subsection takes effect after
22July 31 this act first applies to taxable years beginning on January 1 of the year
23following the year in which this subsection takes effect.
SB243,2,2424 (End)
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