All Roll Calls
Yes: 124 • No: 8
WisconsinAB6762025-2026 Wisconsin Legislature (Biennial Session)HouseWALLET
An Act to amend 76.67 (2); to create 76.633 of the statutes; Relating to: creating a tax credit for insurers for certain investments in community development entities. (FE)
Sponsored By: David Armstrong (Republican), Elijah Behnke (Republican), Rob Kreibich (Republican), David Murphy (Republican), Shannon Zimmerman (Republican)
Became Law
Corporation -- TaxationInsurance -- TaxationOrganizationMiscellaneousRevenueDepartment of
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Bill Overview
Analyzed Economic Effects
5 provisions identified: 1 benefits, 2 costs, 2 mixed.
New tax credit for insurer investments
Beginning in 2025, insurers can claim a Wisconsin tax credit for cash investments in certified community development entities. The credit is 0% on the investment date and first anniversary, then 10% on each of years 2 through 6. Credits reduce state insurer taxes and fees and are nonrefundable, but unused amounts can carry forward. Credits apply only if the entity invests 100% of the cash into qualifying Wisconsin businesses. Credits cannot be sold; partnerships can allocate by agreement and insurers may transfer credits only to affiliates with notice to the state.
Insurer credits can be clawed back
The state recaptures credits if the related federal credit is recaptured, if principal is redeemed before year 7, or if 100% of funds are not invested in time or maintained. The clawback is proportional to the amount redeemed and can also forfeit future credits. Returned capital generally must be reinvested within 12 months to avoid recapture. The department gives notice, a cure period, and then recovers amounts on the tax return.
Capital pools and per‑year credit caps
The state sets aside $125 million for rural counties and $125 million for metro counties to finance qualifying business investments. Each year, no more than $12.5 million of credits may be certified from each pool; if requests are higher, awards are prorated. No more than $10 million invested in any one business (including affiliates) counts toward the program’s investment tests.
Rules for community development entity applications
Community development entities must apply to the Department of Revenue, include CDFI documents, and pay a nonrefundable $5,000 fee. After certification, they must issue the investments and receive the cash within 30 days and show proof within 35 days, or the award lapses. Non‑Wisconsin entities must designate at least 50% under federal rules. Each year with a credit allowance date, they must file a detailed report by May 1 on investments, funded businesses, jobs, pay, and compliance. The department may examine records and issue fact‑specific advisory letters.
Update to insurer tax reciprocity rules
The law adds this new credit to Wisconsin’s insurer tax reciprocity formula. Wisconsin cannot require a domestic insurer to pay more total tax here than in another state after credits, while keeping minimum tax floors in place, including at least 0.375% of gross premiums for certain insurers.
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Sponsors & Cosponsors
Sponsors
David Armstrong
Republican • House
Elijah Behnke
Republican • House
Rob Kreibich
Republican • House
David Murphy
Republican • House
Shannon Zimmerman
Republican • House
Cosponsors
Jesse James
Republican • Senate
Howard Marklein
Republican • Senate
Jeff Smith
Democratic • Senate
Roll Call Votes
Senate vote • 3/17/2026
Read a third time and concurred in, Ayes 32, Noes 1
Yes: 32 • No: 1
House vote • 2/17/2026
Read a third time and passed, Ayes 92, Noes 7
Yes: 92 • No: 7
Actions Timeline
Published 4-4-2026
4/3/2026HouseReport approved by the Governor on 4-3-2026. 2025 Wisconsin Act 191
4/3/2026HousePresented to the Governor on 4-2-2026
4/2/2026HouseReport correctly enrolled on 3-26-2026
3/26/2026HouseLRB correction (Assembly Amendment 1)
3/26/2026HouseReceived from Senate concurred in
3/18/2026HouseOrdered immediately messaged
3/17/2026SenateSenator Smith added as a cosponsor
3/17/2026SenateRead a third time and concurred in, Ayes 32, Noes 1
3/17/2026SenateRules suspended to give bill its third reading
3/17/2026SenateOrdered to a third reading
3/17/2026SenateRead a second time
3/17/2026SenatePlaced on calendar 3-17-2026 pursuant to Senate Rule 18(1)
3/16/2026SenatePublic hearing requirement waived by committee on Senate Organization, pursuant to Senate Rule 18 (1m), Ayes 3, Noes 2
3/16/2026SenateAvailable for scheduling
2/20/2026SenateRead first time and referred to committee on Senate Organization
2/20/2026SenateReceived from Assembly
2/18/2026SenateOrdered immediately messaged
2/17/2026HouseRead a third time and passed, Ayes 92, Noes 7
2/17/2026HouseRules suspended
2/17/2026HouseOrdered to a third reading
2/17/2026HouseAssembly Amendment 2 adopted
2/17/2026HouseAssembly Amendment 1 adopted
2/17/2026HouseRead a second time
2/17/2026HousePlaced on calendar 2-12-2026 by Committee on Rules
2/10/2026House
Bill Text
Assembly Amendment 1
2/17/2026
Assembly Amendment 2
2/17/2026
Bill Text
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