SB45,14075Section 1407. Subchapter VIII (title) of chapter 71 [precedes 71.51] of the
6statutes is repealed and recreated to read:
SB45,745,77CHAPTER 71
SB45,745,98SUBCHAPTER VIII

9PROPERTY TAX AND RENT REBATE
SB45,140810Section 1408. 71.52 (4) of the statutes is amended to read:
SB45,745,121171.52 (4) Household means a claimant and an individual related to the
12claimant as husband or wife his or her spouse.
SB45,140913Section 1409. 71.54 (1) (g) (intro.) of the statutes is amended to read:
SB45,745,161471.54 (1) (g) 2012 and thereafter to 2025. (intro.) The amount of any claim
15filed in 2012 and thereafter to 2025 and based on property taxes accrued or rent
16constituting property taxes accrued during the previous year is limited as follows:
SB45,141017Section 1410. 71.54 (1) (g) 4. of the statutes is amended to read:
SB45,745,241871.54 (1) (g) 4. Except as provided in subds. 5. and 7., for For claims filed in
192018 and thereafter and based on property taxes accrued or rent constituting
20property taxes accrued during the previous year, no credit may be allowed under
21this paragraph if the claimant has no earned income in the taxable year to which
22the claim relates unless the claimant is disabled and provides the proof required
23under subd. 6. or the claimant or the claimants spouse is over the age of 61 at the
24close of the year to which the claim relates.
SB45,1411
1Section 1411. 71.54 (1) (g) 5. of the statutes is repealed.
SB45,14122Section 1412. 71.54 (1) (g) 6. (intro.) of the statutes is amended to read:
SB45,746,6371.54 (1) (g) 6. (intro.) With regard to a claimant who is disabled, the A
4claimant who is disabled shall provide with his or her return proof that his or her
5disability is in effect for the taxable year to which the claim relates. Proof of
6disability may be demonstrated by any of the following:
SB45,14137Section 1413. 71.54 (1) (g) 7. of the statutes is repealed.
SB45,14148Section 1414. 71.54 (1) (h) of the statutes is created to read:
SB45,746,11971.54 (1) (h) 2026 and thereafter. Subject to sub. (2m), the amount of any
10claim filed in 2026 and thereafter and based on property taxes accrued or rent
11constituting property taxes accrued during the previous year is limited as follows:
SB45,746,15121. If the household income was $19,000 or less in the year to which the claim
13relates, the claim is limited to 80 percent of the property taxes accrued or rent
14constituting property taxes accrued or both in that year on the claimants
15homestead.
SB45,746,20162. If the household income was more than $19,000 in the year to which the
17claim relates, the claim is limited to 80 percent of the amount by which the property
18taxes accrued or rent constituting property taxes accrued or both in that year on the
19claimants homestead exceeds 7.891 percent of the household income exceeding
20$19,000.
SB45,746,21213. No credit may be allowed if the household income exceeds $37,500.
SB45,746,23224. Notwithstanding the time limitations described in par. (g) (intro.), the
23provisions of par. (g) 4. apply to claims filed under this paragraph.
SB45,1415
1Section 1415. 71.54 (2) (b) 4. of the statutes is amended to read:
SB45,747,3271.54 (2) (b) 4. In calendar years 2011 or any subsequent calendar year to
32024, $1,460.
SB45,14164Section 1416. 71.54 (2) (b) 5. of the statutes is created to read:
SB45,747,6571.54 (2) (b) 5. Subject to sub. (2m), in calendar year 2025 or any subsequent
6calendar year, $1,460.
SB45,14177Section 1417. 71.54 (2m) of the statutes is amended to read:
SB45,748,2871.54 (2m) Indexing for inflation; 2010 2026 and thereafter. (a) For
9calendar years beginning after December 31, 2009, and before January 1, 2011
102025, the dollar amounts of the threshold income under sub. (1) (f) (h) 1. and 2., the
11maximum household income under sub. (1) (f) (h) 3., and the maximum property
12taxes under sub. (2) (b) 3. 5. shall be increased each year by a percentage equal to
13the percentage change between the U.S. consumer price index for all urban
14consumers, U.S. city average, for the 12-month average of the U.S. consumer price
15index for the month of August of the year before the previous year through the
16month of July of the previous year and 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 August 2007 through July 2008 2024, as determined by the federal
19department of labor, except that the adjustment may occur only if the percentage is
20a positive number. Each amount that is revised under this paragraph shall be
21rounded to the nearest multiple of $10 if the revised amount is not a multiple of $10
22or, if the revised amount is a multiple of $5, such an amount shall be increased to
23the next higher multiple of $10. The department of revenue shall annually adjust

1the changes in dollar amounts required under this paragraph and incorporate the
2changes into the income tax forms and instructions.
SB45,748,83(b) The department of revenue shall annually adjust the slope under sub. (1)
4(f) (h) 2. such so that, as a claimants income increases from the threshold income as
5calculated adjusted under par. (a), to an amount that exceeds the maximum
6household income as calculated adjusted under par. (a), the credit that may be
7claimed is reduced to $0, and the department of revenue shall incorporate the
8changes into the income tax forms and instructions.
SB45,14189Section 1418. 71.55 (3) of the statutes is amended to read:
SB45,748,151071.55 (3) Forms to be provided by department. In administering this
11subchapter, the department of revenue shall make available suitable forms with
12instructions for claimants, including a form that may be included with, or as a part
13of, the individual income tax form. In preparing homestead credit property tax and
14rent rebate forms, the department of revenue shall provide a space for identification
15of the county and city, village or town in which the claimant resides.
SB45,141916Section 1419. 71.55 (5) of the statutes is amended to read: