An Act to repeal 77.94 (2) and 565.01 (5); to renumber and amend 77.94 (1); to amend 66.1105 (2) (L), 71.10 (4) (i) and 71.30 (3) (f) of the statutes; Relating to: eliminating the definition of relative for purposes of the lottery; the definition of taxable property in a tax incremental district; the order of certain withholdings and deposits in income tax computations; and eliminating an adjustment made to the economic development surcharge for certain businesses (suggested as remedial legislation by the Department of Revenue).
Sponsored By: Law Revision Committee
Became Law
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Bill Overview
Analyzed Economic Effects
4 provisions identified: 2 benefits, 0 costs, 2 mixed.
Pass-through withholding counts for individuals
If a partnership or S corporation withheld Wisconsin tax for you, that withholding now counts as a payment on your return. Certain required deposits also count. This lowers what you owe or increases your refund for the year those amounts apply. Keep the statements from the entity so the credit shows on your return.
Pass-through withholding counts for businesses
Businesses can count pass-through entity withholding and certain deposits as payments against their Wisconsin tax bill. When these amounts apply, they reduce tax due or increase any refund. Keep records so the credits apply to the correct tax year.
Tax districts count only real property
Cities and villages measuring a tax incremental district’s value can only count real property. Personal property in the district no longer counts in the district’s tax base. This can lower the tax increment money a city collects. Owners with only personal property in a district are not included in the base.
Standard surcharge for corporations
The state sets one standard way to compute the economic development surcharge. Most corporations pay 3% of their gross tax liability. Tax‑option corporations pay 0.2% of net income, up to $9,800, with a $25 minimum. The old alternate method is removed, so some firms may pay more and others less than before.
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Sponsors & Cosponsors
Sponsor
Law Revision Committee
Affiliation unavailable
Cosponsors
Tim Carpenter
Democratic • Senate
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Published 3-28-2026
3/27/2026HouseReport approved by the Governor on 3-27-2026. 2025 Wisconsin Act 137
3/27/2026HousePresented to the Governor on 3-26-2026
3/26/2026HouseReport correctly enrolled on 3-26-2026
3/26/2026HouseReceived from Senate concurred in
3/18/2026HouseOrdered immediately messaged
3/17/2026SenateSenator Carpenter added as a cosponsor
3/17/2026SenateRead a third time and concurred in
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
2/11/2026SenateRead first time and referred to committee on Senate Organization
2/11/2026SenateReceived from Assembly
2/10/2026SenateOrdered immediately messaged
2/10/2026HouseRead a third time and passed
2/10/2026HouseRules suspended
2/10/2026HouseOrdered to a third reading
2/10/2026HouseRead a second time
2/10/2026HousePlaced on calendar 2-10-2026 by Committee on Rules
2/5/2026HouseRead first time and referred to Committee on Rules
1/28/2026HouseIntroduced by Law Revision Committee
1/28/2026House
Bill Text
Bill Text
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