All Roll Calls
Yes: 132 • No: 0
WisconsinAB6852025-2026 Wisconsin Legislature (Biennial Session)HouseWALLET
An Act to amend 71.07 (5) (a) 3.; to create 71.05 (6) (b) 57. of the statutes; Relating to: individual income tax subtraction for certain theft losses. (FE)
Sponsored By: Rob Swearingen (Republican)
Signed by Governor
Crime and criminalsIncome tax -- DeductionLegislature -- Tax ExemptionsJoint Survey Committee on
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Wisconsin tax break for financial exploitation
For tax years beginning after December 31, 2023, Wisconsin allows an income subtraction for financial-account losses from financial exploitation. You must report the loss to law enforcement and have no reasonable prospect of recovery through legal action, insurance, or other compensation. The withdrawal or payment from your account must have caused the lost funds to count as federal gross income. You claim the subtraction for the year the money left your account, limited to the amount otherwise taxable by Wisconsin. You cannot use the same amount for another Wisconsin income reduction or tax credit. Any later recovery, reimbursement, or compensation for an amount previously subtracted counts as income in the year received.
Sponsors & Cosponsors
Sponsor
Rob Swearingen
Republican • House
Cosponsors
Mary Felzkowski
Republican • Senate
Sylvia Ortiz-Velez
Democratic • House
Jeff Smith
Democratic • Senate
Patrick Snyder
Republican • House
Mark Spreitzer
Democratic • Senate
Roll Call Votes
Senate vote • 3/17/2026
Read a third time and concurred in, Ayes 33, Noes 0
Yes: 33 • No: 0
House vote • 2/17/2026
Read a third time and passed, Ayes 99, Noes 0
Yes: 99 • No: 0
Actions Timeline
Published 4-4-2026
4/3/2026HouseReport approved by the Governor on 4-3-2026. 2025 Wisconsin Act 192
4/3/2026HousePresented to the Governor on 4-2-2026
4/2/2026HouseReport correctly enrolled on 3-23-2026
3/23/2026HouseReceived 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 33, Noes 0
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
3/3/2026SenateReport concurrence recommended by Joint Committee on Finance, Ayes 16, Noes 0
3/3/2026SenateExecutive action taken
3/3/2026SenateWithdrawn from committee on Senate Organization and rereferred to joint committee on Finance pursuant to Senate Rule 46(2)(c)
2/27/2026SenateAvailable 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 99, Noes 0
2/17/2026HouseRules suspended
2/17/2026HouseOrdered to a third reading
2/17/2026HouseAssembly Substitute Amendment 2 adopted
2/17/2026House
Bill Text
Assembly Substitute Amendment 2
2/17/2026
Bill Text
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