Read the full stored bill text
Wisconsin Legislature: AB182: Bill Text
Skip navigation
Home
Documents
Senate
Assembly
Committees
Service Agencies
Docs
Options
Help
2025 Biennium
Statutes
Admin. Rules
Indices
Miscellaneous
Archives
Home
Bill, Rule, and Appointment Histories
Senators
Representatives
Committees
Text of Introduced Proposals
Amendment Text
Acts
Veto Messages
Enrolled Bills
Votes
Assembly and Senate Floor Calendars
Schedule of Committee Activities
Assembly and Senate Journals
Committee Records (ROCPs)
Legislative Rules
All Session-Related Documents
Subject Index to Acts
Subject Index to Legislation
Subject Index to Journals
Author Index to Legislation
Subject Index to Clearinghouse Rules
Miscellaneous Budget Documents
Executive Orders
Rulings of the Chair
Wisconsin Supreme Court Rules
Opinions of the Attorney General
Town Law Forms
Law
Districts
Session
Drafting Files
Feeds
Preferences
Show tree
Hide tree
Feedback
Help
Home
Senate Home
Senators
Committees
Session
Chief Clerk
Sergeant at Arms
Civics Education
Human Resources
Assembly Home
Representatives
Committees
Session
Chief Clerk
Sergeant at Arms
Human Resources
Schedule
Joint
Senate
Assembly
Study
Legislative Audit Bureau
Legislative Council
Legislative Fiscal Bureau
Legislative Human Resources Office
Legislative Reference Bureau
Legislative Technology Services Bureau
Menu
»
2025
»
Related Documents
»
Proposal Text
»
AB182: Bill Text
Up
Up
2025 - 2026 LEGISLATURE
LRB-2561/1
JK&MDE:cdc
2025 ASSEMBLY BILL 182
April 15, 2025 - Introduced by Representatives
Armstrong
,
Green
,
Bare
,
Goodwin
,
Gundrum
,
B. Jacobson
,
Kitchens
,
Kreibich
,
Krug
,
Penterman
,
Piwowarczyk
,
Subeck
,
Tenorio
and
Roe
, cosponsored by Senators
Quinn
,
James
,
Carpenter
,
Dassler-Alfheim
,
Habush Sinykin
,
Keyeski
,
Ratcliff
,
Wall
and
Wirch
. Referred to Committee on Housing and Real Estate.
AB182,1,5
1
An Act
to renumber
76.639 (3);
to amend
71.07 (8b) (a) 7., 71.07 (8b) (c) 2.,
2
71.28 (8b) (a) 7., 71.28 (8b) (c) 2., 71.47 (8b) (a) 7., 71.47 (8b) (c) 2., 76.639 (1)
3
(g), 76.67 (2) and 234.45 (1) (e);
to create
76.639 (3) (b), 234.45 (1) (em) and
4
234.45 (5m) of the statutes;
relating to:
changes to the low-income housing
5
tax credit.
Analysis by the Legislative Reference Bureau
Under current law, the Wisconsin Housing and Economic Development Authority administers a low-income housing tax credit program. Under that program, a person may claim as a credit against the person’s income or franchise tax liability, or against the person’s liability for fees imposed on an insurer, the amount allocated by WHEDA in an “allocation certificate” for a qualified low-income housing project.
The bill also requires that WHEDA, if possible, ensure that at least 35 percent of the tax credits it allocates each year under the program are for qualified low-income housing projects in rural areas in Wisconsin and removes the requirement that a qualified low-income housing project be financed with tax-exempt bonds.
Finally, the bill makes a technical change to the credit for insurers so that an insurer who is a shareholder of a tax-option corporation, a partner of a partnership, or a member of a limited liability company may claim the credit.
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:
AB182,1
1
Section
1
.
71.07 (8b) (a) 7. of the statutes is amended to read:
AB182,2,5
2
71.07
(8b)
(a) 7. “Qualified development” means a qualified low-income
3
housing project under section
42
(g) of the Internal Revenue Code that is
financed
4
with tax-exempt bonds, pursuant to section
42
(i) (2) of the Internal Revenue Code,
5
and
located in this state.
AB182,2
6
Section
2
.
71.07 (8b) (c) 2. of the statutes is amended to read:
AB182,3,7
7
71.07
(8b)
(c) 2. A partnership, limited liability company, or tax-option
8
corporation may not claim the credit under this subsection. The partners of a
9
partnership, members of a limited liability company, or shareholders in a tax-option
10
corporation may claim the credit under this subsection based on eligible costs
11
incurred by the partnership, limited liability company, or tax-option corporation.
12
The partnership, limited liability company, or tax-option corporation shall calculate
13
the amount of the credit that may be claimed by each partner, member, or
14
shareholder and shall provide that information to the partner, member, or
15
shareholder. For shareholders of a tax-option corporation, the credit may be
16
allocated in proportion to the ownership interest of each shareholder. Credits
17
computed by a partnership or limited liability company may be claimed in
18
proportion to the ownership interests of the partners or members or allocated to
19
partners or members as provided in a written agreement among the partners or
1
members that is entered into no later than the last day of the taxable year of the
2
partnership or limited liability company, for which the credit is claimed. Any
3
partner or member who claims the credit as allocated by a written agreement shall
4
provide a copy of the agreement with the tax return on which the credit is claimed.
5
A
Except as provided in s. 71.745, a
person claiming the credit as provided under
6
this subdivision is solely responsible for any tax liability arising from a dispute with
7
the department of revenue related to claiming the credit.
AB182,3
8
Section
3
.
71.28 (8b) (a) 7. of the statutes is amended to read:
AB182,3,12
9
71.28
(8b)
(a) 7. “Qualified development” means a qualified low-income
10
housing project under section
42
(g) of the Internal Revenue Code that is
financed
11
with tax-exempt bonds, pursuant to section
42
(i) (2) of the Internal Revenue Code,
12
and
located in this state.
AB182,4
13
Section
4
.
71.28 (8b) (c) 2. of the statutes is amended to read:
AB182,4,9
14
71.28
(8b)
(c) 2. A partnership, limited liability company, or tax-option
15
corporation may not claim the credit under this subsection. The partners of a
16
partnership, members of a limited liability company, or shareholders in a tax-option
17
corporation may claim the credit under this subsection based on eligible costs
18
incurred by the partnership, limited liability company, or tax-option corporation.
19
The partnership, limited liability company, or tax-option corporation shall calculate
20
the amount of the credit that may be claimed by each partner, member, or
21
shareholder and shall provide that information to the partner, member, or
22
shareholder. For shareholders of a tax-option corporation, the credit may be
23
allocated in proportion to the ownership interest of each shareholder. Credits
24
computed by a partnership or limited liability company may be claimed in
1
proportion to the ownership interests of the partners or members or allocated to
2
partners or members as provided in a written agreement among the partners or
3
members that is entered into no later than the last day of the taxable year of the
4
partnership or limited liability company, for which the credit is claimed. Any
5
partner or member who claims the credit as allocated by a written agreement shall
6
provide a copy of the agreement with the tax return on which the credit is claimed.
7
A
Except as provided in s. 71.745, a
person claiming the credit as provided under
8
this subdivision is solely responsible for any tax liability arising from a dispute with
9
the department of revenue related to claiming the credit.
AB182,5
10
Section
5
.
71.47 (8b) (a) 7. of the statutes is amended to read:
AB182,4,14
11
71.47
(8b)
(a) 7. “Qualified development” means a qualified low-income
12
housing project under section
42
(g) of the Internal Revenue Code that is
financed
13
with tax-exempt bonds, pursuant to section
42
(i) (2) of the Internal Revenue Code,
14
and
located in this state.
AB182,6
15
Section
6
.
71.47 (8b) (c) 2. of the statutes is amended to read:
AB182,5,11
16
71.47
(8b)
(c) 2. A partnership, limited liability company, or tax-option
17
corporation may not claim the credit under this subsection. The partners of a
18
partnership, members of a limited liability company, or shareholders in a tax-option
19
corporation may claim the credit under this subsection based on eligible costs
20
incurred by the partnership, limited liability company, or tax-option corporation.
21
The partnership, limited liability company, or tax-option corporation shall calculate
22
the amount of the credit that may be claimed by each partner, member, or
23
shareholder and shall provide that information to the partner, member, or
24
shareholder. For shareholders of a tax-option corporation, the credit may be
1
allocated in proportion to the ownership interest of each shareholder. Credits
2
computed by a partnership or limited liability company may be claimed in
3
proportion to the ownership interests of the partners or members or allocated to
4
partners or members as provided in a written agreement among the partners or
5
members that is entered into no later than the last day of the taxable year of the
6
partnership or limited liability company, for which the credit is claimed. Any
7
partner or member who claims the credit as allocated by a written agreement shall
8
provide a copy of the agreement with the tax return on which the credit is claimed.
9
A
Except as provided in s. 71.745, a
person claiming the credit as provided under
10
this subdivision is solely responsible for any tax liability arising from a dispute with
11
the department of revenue related to claiming the credit.
AB182,7
12
Section
7
.
76.639 (1) (g) of the statutes is amended to read:
AB182,5,16
13
76.639
(1)
(g) “Qualified development” means a qualified low-income housing
14
project under section
42
(g) of the Internal Revenue Code that is
financed with tax-
15
exempt bonds, pursuant to section
42
(i) (2) of the Internal Revenue Code, and
16
located in this state.
AB182,8
17
Section
8
.
76.639 (3) of the statutes is renumbered 76.639 (3) (a).
AB182,9
18
Section
9
.
76.639 (3) (b) of the statutes is created to read:
AB182,6,11
19
76.639
(3)
(b) A partnership, limited liability company, or tax-option
20
corporation may not claim the credit under this section. An insurer, if a partner of
21
a partnership, member of a limited liability company, or shareholder in a tax-option
22
corporation, may claim the credit under this section based on eligible costs incurred
23
by the partnership, limited liability company, or tax-option corporation. The
24
partnership, limited liability company, or tax-option corporation shall calculate the
1
amount of the credit that may be claimed by the insurer as a partner, member, or
2
shareholder and shall provide that information to the insurer. If an insurer is a
3
shareholder of a tax-option corporation, the credit may be allocated in proportion to
4
its ownership interest as a shareholder. If an insurer is a partner of a partnership
5
or member of a limited liability company, credits may be claimed in proportion to
6
the insurer’s ownership interest or allocated to the insurer as provided in a written
7
agreement among the partners or members that is entered into no later than the
8
last day of the taxable year of the partnership or limited liability company for which
9
the credit is claimed. Any insurer who claims the credit as allocated by a written
10
agreement shall provide a copy of the agreement with the tax return on which the
11
credit is claimed.
AB182,10
12
Section
10
.
76.67 (2) of the statutes is amended to read:
AB182,6,23
13
76.67
(2)
If any domestic insurer is licensed to transact insurance business in
14
another state, this state may not require similar insurers domiciled in that other
15
state to pay taxes greater in the aggregate than the aggregate amount of taxes that
16
a domestic insurer is required to pay to that other state for the same year less the
17
credits under ss. 76.635, 76.636, 76.637, 76.638,
76.639,
and 76.655, except that the
18
amount imposed shall not be less than the total of the amounts due under ss. 76.65
19
(2) and 601.93 and, if the insurer is subject to s. 76.60, 0.375 percent of its gross
20
premiums, as calculated under s. 76.62, less offsets allowed under s. 646.51 (7) or
21
under ss. 76.635, 76.636, 76.637, 76.638, 76.639, and 76.655 against that total, and
22
except that the amount imposed shall not be less than the amount due under s.
23
601.93.
AB182,11
1
Section
11
.
234.45 (1) (e) of the statutes is amended to read:
AB182,7,5
2
234.45
(1)
(e) “Qualified development” means a qualified low-income housing
3
project under section
42
(g) of the Internal Revenue Code that is
financed with tax-
4
exempt bonds, pursuant to section
42
(i) (2) of the Internal Revenue Code, and
5
located in this state.
AB182,12
6
Section
12
.
234.45 (1) (em) of the statutes is created to read:
AB182,7,9
7
234.45
(1)
(em) “Rural area” means a city, village, or town in this state that
8
has a population of fewer than 10,000 and that is at least 10 miles from any city,
9
village, or town that has a population of at least 50,000.
AB182,13
10
Section
13
.
234.45 (5m) of the statutes is created to read:
AB182,7,15
11
234.45
(5m)
Preference for rural communities.
(a) Beginning on
12
January 1, 2025, in approving applications for allocation certificates under sub. (3),
13
the authority shall ensure that at least 35 percent of the value of all state tax
14
credits the authority allocates each year are for qualified developments located in
15
rural areas.
AB182,7,21
16
(b) Paragraph (a) does not apply in any year in which the authority cannot
17
satisfy the 35 percent allocation threshold because the authority does not receive a
18
sufficient number of applications for allocation certificates for qualified
19
developments located in rural areas that have timely submitted complete
20
applications that meet all threshold requirements of the applicable qualified
21
allocation plan as determined by the authority.
AB182,14
22
Section
14
. Initial applicability.
AB182,8,2
1
(
1
)
The treatment of ss. 71.07 (8b) (a) 7., 71.28 (8b) (a) 7., 71.47 (8b) (a) 7., and
2
76.639 (1) (g) first applies to taxable years beginning after December 31, 2024.
AB182,8,3
3
(end)
Down
Down
/2025/related/proposals/ab182
true
proposaltext
/2025/related/proposals/ab182
proposaltext/2025/REG/AB182
proposaltext/2025/REG/AB182
section
true
Menu
»
2025
»
Related Documents
»
Proposal Text
»
AB182: Bill Text
×
Details for
PDF view
Link
(Permanent link)
Bookmark this location
View toggle
Go to top of document
Search in this chapter
Search in this section
Search in this agency
Search in this chapter group
Search in this chapter
Search in this section
Cross references for section
Acts affecting this section
References to this
1970 Statutes Annotations
Appellate Court Citations
Administrative Code Index
Reference lines
Clear highlighting