All Roll Calls
Yes: 129 • No: 1
WisconsinAB6992025-2026 Wisconsin Legislature (Biennial Session)HouseWALLET
An Act to amend 71.05 (6) (a) 15., 71.10 (4) (i), 71.21 (4) (a), 71.21 (6) (d) 3., 71.26 (2) (a) 4., 71.30 (3) (f), 71.34 (1k) (g), 71.365 (4m) (d) 2., 71.45 (2) (a) 10., 71.49 (1) (f), 76.67 (1), 76.67 (2), 646.11 (2), 646.51 (3) (am), 646.51 (4) (a) and 646.51 (7) (b); to create 20.835 (2) (de), 71.07 (12), 71.10 (4) (co), 71.28 (12), 71.30 (3) (dh), 71.47 (12), 71.49 (1) (dh), 76.633, 646.03 (3m), 646.51 (3) (bm) and 646.51 (7) (bm) of the statutes; Relating to: a long-term care insurance assessment and a long-term care insurance assessment tax credit. (FE)
Sponsored By: Steve Doyle (Democratic), Rick Gundrum (Republican), Rob Kreibich (Republican), Jerry O'Connor (Republican), Kevin Petersen (Republican), Jim Piwowarczyk (Republican), Lisa Subeck (Democratic)
Became Law
CorporationFranchise -- TaxationIncome tax -- CreditInsuranceInsurance -- Miscellaneous
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Bill Overview
Analyzed Economic Effects
4 provisions identified: 1 benefits, 0 costs, 3 mixed.
Five-year credits for LTC assessments
For taxable years beginning after December 31, 2026, insurers that paid the long‑term care assessment can claim a credit equal to 20% of that payment each year for five years. You may apply the credit to income or franchise taxes, or use it against certain insurer license fees. You must choose, and you cannot take both a tax credit and a fee credit for the same year. If you are a disability insurer and your credit is larger than taxes or fees due, the excess is paid from a state account. Partnerships, LLCs, and tax‑option corporations claim the credit at the entity level; owners cannot claim it personally. The fee‑credit system is in place starting July 1, 2026.
New long-term care insurer assessments
The insurance security fund now has a separate long-term care account. Beginning July 1, 2026, insurers pay a new assessment based on Wisconsin premiums. The fund splits the total 50% to life insurers and 50% to disability insurers, and each pays its share by class. Total assessments in a year cannot be more than 2% of an insurer’s assessable premiums. If your premium rates are fixed by class, you may offset 20% of the Wisconsin portion of the assessment against certain state taxes in each of the five years after payment. After paying, insurers must choose within 60 days how they will take credits. The law also clarifies what counts as a long‑term care insurance policy.
Pass-through add-backs and filing rules
Starting July 1, 2026, partnerships and tax‑option corporations must add certain passed‑through long‑term care credit amounts back into income. Corporations must also add back related credit amounts when computing the franchise tax base. Partnerships generally cannot claim credits at the entity level, except for listed exceptions that include the new long‑term care credit. The state adds the new credit to its official lists and totals for both individual‑chapter and corporate‑chapter returns, which changes how the credit is shown, ordered, and counted on tax forms.
Insurer tax reciprocity clarified
Beginning July 1, 2026, Wisconsin changes how it compares insurer taxes with other states. The law defines “taxes” for these comparisons to include certain offsets and credits. Wisconsin may not charge foreign insurers more than they pay to their home state after reducing by listed credits, including the new fee credit. Minimum‑amount rules still apply.
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Sponsors & Cosponsors
Sponsors
Steve Doyle
Democratic • House
Rick Gundrum
Republican • House
Rob Kreibich
Republican • House
Jerry O'Connor
Republican • House
Kevin Petersen
Republican • House
Jim Piwowarczyk
Republican • House
Lisa Subeck
Democratic • House
Cosponsors
Mike Bare
Democratic • House
Rob Stafsholt
Republican • Senate
Randy Udell
Democratic • House
Jamie Wall
Democratic • Senate
Roll Call Votes
Senate vote • 2/11/2026
Read a third time and concurred in, Ayes 32, Noes 1
Yes: 32 • No: 1
House vote • 1/20/2026
Read a third time and passed, Ayes 97, Noes 0
Yes: 97 • No: 0
Actions Timeline
Published 4-9-2026
4/9/2026HouseReport approved by the Governor on 4-8-2026. 2025 Wisconsin Act 227
4/9/2026HousePresented to the Governor on 4-2-2026
4/2/2026HouseReport correctly enrolled on 2-19-2026
2/19/2026HouseReceived from Senate concurred in
2/12/2026HouseOrdered immediately messaged
2/11/2026SenateRead a third time and concurred in, Ayes 32, Noes 1
2/11/2026SenateRules suspended to give bill its third reading
2/11/2026SenateOrdered to a third reading
2/11/2026SenateRead a second time
2/11/2026SenatePlaced on calendar 2-11-2026 pursuant to Senate Rule 18(1)
2/9/2026SenatePublic hearing requirement waived by committee on Senate Organization, pursuant to Senate Rule 18 (1m), Ayes 3, Noes 2
2/9/2026SenateAvailable for scheduling
2/3/2026SenateReport concurrence recommended by Joint Committee on Finance, Ayes 15, Noes 0
2/3/2026SenateExecutive action taken
2/3/2026SenateWithdrawn from committee on Senate Organization and rereferred to joint committee on Finance pursuant to Senate Rule 46(2)(c)
1/29/2026SenateAvailable for scheduling
1/23/2026SenateRead first time and referred to committee on Senate Organization
1/23/2026SenateReceived from Assembly
1/20/2026SenateOrdered immediately messaged
1/20/2026HouseRead a third time and passed, Ayes 97, Noes 0
1/20/2026HouseRules suspended
1/20/2026HouseOrdered to a third reading
1/20/2026HouseAssembly Amendment 1 adopted
1/20/2026HouseRead a second time
1/20/2026House
Bill Text
Assembly Amendment 1
1/20/2026
Bill Text
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