All Roll Calls
Yes: 121 • No: 5
WisconsinAB8842025-2026 Wisconsin Legislature (Biennial Session)HouseWALLET
An Act to renumber and amend 71.05 (6) (b) 54mn.; to amend 16.705 (1s), 41.152 (1), 71.05 (6) (b) 54. (intro.), 71.05 (6) (b) 54m. a., 71.05 (6) (b) 54m. b., 71.05 (6) (b) 54m. c., 71.05 (6) (b) 54m. d., 71.07 (5f) (a) 4., 71.07 (5f) (c) 2., 71.07 (5f) (d) 3., 71.07 (5h) (d) 2., 71.28 (5f) (a) 4., 71.28 (5f) (c) 2., 71.28 (5f) (d) 3., 71.28 (5h) (d) 2., 71.47 (5f) (a) 4., 71.47 (5f) (c) 2., 71.47 (5f) (d) 3., 71.47 (5h) (d) 2. and 71.83 (1) (a) 6. of the statutes; Relating to: who may purchase certain contractual services and technical changes to tax provisions related to qualified retirement plans and the film production services credit.
Sponsored By: Mike Bare (Democratic), Dean Kaufert (Republican)
Signed by Governor
AdministrationDepartment of -- Agency and general functionsAmusementFranchise -- TaxationIncome tax -- CreditPurchasingGovernmentRetirement -- Private plansRevenueDepartment of
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Bill Overview
Analyzed Economic Effects
6 provisions identified: 3 benefits, 3 costs, 0 mixed.
Senior couples share $48,000 retirement subtraction
Married Wisconsin couples filing jointly can subtract up to $48,000 in qualified retirement income from state taxable income. Both spouses must be at least 67 by the end of the tax year. The limit applies to both spouses together, regardless of how much eligible retirement income each receives.
Part-year residents face retirement subtraction limits
For tax years beginning after December 31, 2020, Wisconsin limits the retirement subtraction for part-year residents. The maximum equals $24,000 multiplied by Wisconsin-taxable specified income divided by total specified income from all sources. Specified income includes wages, salary, tips, unearned income, and net business earnings. Nonresidents cannot claim the subtraction.
Retirement subtraction blocks state tax credits
For tax years beginning after December 31, 2020, claiming Wisconsin’s retirement subtraction blocks state income tax credits that year. The restriction covers credits listed in the law, including eligible credits carried over from earlier years. Your tax savings depend on whether the subtraction or available credits are worth more.
Film credit buyers get clearer rules
Wisconsin film production and film company investment credits can be sold or transferred in whole or part. Recipients must owe a listed Wisconsin income or franchise tax; eligible nonprofits can also receive credits. Recipients can first use credits in the original holder’s tax year when the transfer occurs. Use is limited to years when the original claimant could claim or carry forward the credit. The seller must notify the Department of Revenue, submit transfer documents, and obtain state certification of credit ownership.
More film costs qualify for credits
Wisconsin broadens the in-state costs that count toward film production tax credits for state-accredited productions. Eligible costs include wages, sets, equipment rentals, food, lodging, editing, and other work directly used to make the production. The definition also covers qualifying Wisconsin music work and publication, plus travel and insurance bought in Wisconsin from Wisconsin-based providers. Marketing and distribution costs remain excluded. Producers must apply for accreditation and expense certification each tax year they seek credits.
Film producers face wage credit limits
Wisconsin’s film wage credit remains 30% of eligible wages paid to in-state employees for work performed in Wisconsin. Only the first $250,000 paid to each eligible employee counts each tax year. When a claimant’s annual production spending reaches $1 million, wages for its two highest-paid employees do not count at all.
Sponsors & Cosponsors
Sponsors
Mike Bare
Democratic • House
Dean Kaufert
Republican • House
Cosponsors
Brad Pfaff
Democratic • Senate
Jeff Smith
Democratic • Senate
Patrick Testin
Republican • 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 • 2/19/2026
Read a third time and passed, Ayes 88, Noes 5
Yes: 88 • No: 5
Actions Timeline
Published 4-3-2026
4/2/2026HouseReport approved by the Governor on 4-2-2026. 2025 Wisconsin Act 174
4/2/2026HousePresented to the Governor on 4-1-2026
4/1/2026HouseReport correctly enrolled on 3-26-2026
3/26/2026HouseLRB correction (Assembly Substitute Amendment 2)
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 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)
3/16/2026SenateAvailable for scheduling
3/11/2026SenateReport concurrence recommended by Joint Committee on Finance, Ayes 13, Noes 0
3/11/2026SenateExecutive action taken
3/11/2026SenateWithdrawn from committee on Senate Organization and rereferred to joint committee on Finance pursuant to Senate Rule 46(2)(c)
3/11/2026SenateAvailable for scheduling
3/11/2026SenateReport concurrence recommended by Committee on Agriculture and Revenue, Ayes 8, Noes 0
3/11/2026SenateExecutive action taken
3/11/2026SenatePublic hearing held
3/10/2026SenateRead first time and referred to committee on Agriculture and Revenue
2/25/2026SenateReceived from Assembly
2/23/2026SenateOrdered immediately messaged
2/19/2026HouseRead a third time and passed, Ayes 88, Noes 5
2/19/2026House
Bill Text
Assembly Substitute Amendment 2
2/19/2026
Bill Text
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