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)
Signed by Governor
CorporationFranchise -- TaxationIncome tax -- CreditInsuranceInsurance -- Miscellaneous
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 2 benefits, 0 costs, 1 mixed.
Five-year assessment tax credits for insurers
For taxable years beginning after December 31, 2026, eligible assessment payers get an annual credit worth 20% of the assessment. They claim it in the taxable year after payment and each of the next four taxable years. Beginning July 1, 2026, insurers must choose income or franchise tax credits or insurer license-fee credits; they cannot claim both for the same year. Only disability insurers qualify for refunds when credits exceed taxes or fees owed; other claimants receive nonrefundable credits. The law provides no funding for these refunds, so payments depend on future appropriations and earn no interest. Partnerships, limited liability companies, and tax-option corporations can claim the credit, including when they choose entity-level taxation. Their partners, members, or shareholders cannot also claim that credit. The fund must certify eligible amounts within 60 days after collection and report credit elections and eligibility to state regulators. Audit, interstate tax-comparison, and minimum-tax rules also apply. This is not a direct household credit.
Tax offsets for fixed-rate insurers
Beginning July 1, 2026, eligible insurers can offset 20% of a covered assessment's Wisconsin portion against specified Wisconsin taxes. The offset applies in each of the five calendar years following the year of payment. It requires fixed premium rates that prevent the insurer from raising rates to recover the assessment. Long-term care assessments do not qualify for this offset; they have a separate credit. This tax relief goes to insurers, not households.
New capped assessments for Wisconsin insurers
Beginning July 1, 2026, Wisconsin's Insurance Security Fund has a separate long-term care insurance account funded by insurer assessments. Life insurers pay 50% of the total, and disability insurers pay 50%. An insurer's class generally depends on which type exceeds 50% of its prior-year Wisconsin premiums. An equal split puts the insurer in the class with the lower assessment base. Each insurer pays its share based on its class's prior-year Wisconsin premiums, excluding long-term care and specified disability income premiums. The board can use the latest available year when prior-year data is missing. Total covered assessments, including long-term care assessments, cannot exceed 2% of an insurer's assessable premiums per calendar year. Insurers can recover assessment costs through higher premiums or other offsets, so policyholders may face higher costs.
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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