All Roll Calls
Yes: 124 • No: 8
WisconsinAB6762025-2026 Wisconsin Legislature (Biennial Session)House
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)
Signed by Governor
Corporation -- TaxationInsurance -- TaxationOrganizationMiscellaneousRevenueDepartment of
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 1 benefits, 1 costs, 1 mixed.
Insurer investment credits carry funding rules
For tax years starting after December 31, 2024, insurers get credits for certified cash investments issued after that date. Credit dates are the initial investment date and every six-year anniversary afterward. The credit equals 0% of the purchase price on the first two dates, then 10% on each of the next five. Wisconsin allows up to $125 million in investments each for rural and metro areas, with annual credits capped at $12.5 million each. Credits cannot produce refunds or be sold, but unused credits carry forward and insurers can transfer credits to qualifying affiliates. Investment entities must put 100% of the cash into eligible Wisconsin low-income community businesses within 12 months and maintain it through the final credit date. No more than $10 million invested in one business counts toward that requirement. Recovered capital must be reinvested within 12 months; regular loan repayments must be reinvested by the following calendar year’s end. Wisconsin can reclaim credits for investment failures, early redemption or principal repayments before the seventh anniversary, or federal credit recapture or rescinded authority. Entities get 90 days to fix a problem after notice.
Insurers count credits in interstate taxes
The law includes the new community investment credit in Wisconsin’s interstate insurance tax comparison. That comparison accounts for taxes after specified credits and can lower affected insurers’ Wisconsin tax bills. Existing minimum taxes remain, including a 0.375% gross-premium floor for insurers subject to that rule, with allowed offsets. Other required insurance taxes and assessments also remain protected by minimum amounts. This changes insurer taxes, not household tax credits.
Community investment applicants pay $5,000 fee
Qualified community development entities pay a nonrefundable $5,000 fee to apply for rural or metro investment authority. Applications require federal allocation records; the application window opens 30–45 days after federal New Markets Tax Credit awards. Wisconsin prorates approvals when requests exceed available authority. Approved entities must issue investments and receive cash within 30 days of notice, then show receipt within 35 days. Missing that deadline causes approval to lapse. In years with credit dates, entities report investments, businesses funded, jobs, pay, and compliance by May 1. No report is required before the first anniversary of an investment’s credit date. Wisconsin checks compliance and publishes an annual list of credit recipients. These fees and duties apply to investment entities, not households.
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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