# Wisconsin SB723: An Act to amend 71.05 (6) (a) 15., 71.10 (4) (i), 71.21 (4) (a), 71.26 (2) (a) 4., 71.30 (3) (f), 71.34 (1k) (g), 71.45 (2) (a) 10. and 71.49 (1) (f); to create 20.835 (2) (dp), 71.07 (8s), 71.28 (8s), 71.47 (8s) and 93.521 of the statutes; Relating to: income tax credits for beginning farmers and owners of farm assets and making an appropriation. (FE)

Wisconsin SB723, An Act to amend 71.05 (6) (a) 15., 71.10 (4) (i), 71.21 (4) (a), 71.26 (2) (a) 4., 71.30 (3) (f), 71.34 (1k) (g), 71.45 (2) (a) 10. and 71.49 (1) (f); to create 20.835 (2) (dp), 71.07 (8s), 71.28 (8s), 71.47 (8s) and 93.521 of the statutes; Relating to: income tax credits for beginning farmers and owners of farm assets and making an appropriation. (FE), is a 2025-2026 Wisconsin Legislature (Biennial Session) Senate bill sponsored by Kristin Dassler-Alfheim (Democratic), Sarah Keyeski (Democratic), Brad Pfaff (Democratic) and 4 others; status failed, last action 2026-03-23 (Failed to pass pursuant to Senate Joint Resolution 1) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/WI-SB723-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Wisconsin SB723
- State: Wisconsin
- Session: 2025-2026 Wisconsin Legislature (Biennial Session)
- Title: An Act to amend 71.05 (6) (a) 15., 71.10 (4) (i), 71.21 (4) (a), 71.26 (2) (a) 4., 71.30 (3) (f), 71.34 (1k) (g), 71.45 (2) (a) 10. and 71.49 (1) (f); to create 20.835 (2) (dp), 71.07 (8s), 71.28 (8s), 71.47 (8s) and 93.521 of the statutes; Relating to: income tax credits for beginning farmers and owners of farm assets and making an appropriation. (FE)
- Status: failed
- Chamber: Senate
- Introduced: 2025-12-02
- Last action: 2026-03-23, Failed to pass pursuant to Senate Joint Resolution 1
- Sponsors: Kristin Dassler-Alfheim (Democratic), Sarah Keyeski (Democratic), Brad Pfaff (Democratic), Melissa Ratcliff (Democratic), Kelda Roys (Democratic), Jeff Smith (Democratic), Mark Spreitzer (Democratic)
- Cosponsors: 18
- Subjects: Sen Bill 723, Agriculture, Trade and Consumer Protection, Department of, Farmer, Income tax -- Credit, Land use planning and control
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

No summary available.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Kristin Dassler-Alfheim (Democratic), Senate
- Sponsor: Sarah Keyeski (Democratic), Senate
- Sponsor: Brad Pfaff (Democratic), Senate
- Sponsor: Melissa Ratcliff (Democratic), Senate
- Sponsor: Kelda Roys (Democratic), Senate
- Sponsor: Jeff Smith (Democratic), Senate
- Sponsor: Mark Spreitzer (Democratic), Senate
- Cosponsor: Clinton Anderson (Democratic), House
- Cosponsor: Jill Billings (Democratic), House
- Cosponsor: Brienne Brown (Democratic), House
- Cosponsor: Karen DeSanto (Democratic), House
- Cosponsor: Ben DeSmidt (Democratic), House
- Cosponsor: Jodi Emerson (Democratic), House
- Cosponsor: Joan Fitzgerald (Democratic), House
- Cosponsor: Jenna Jacobson (Democratic), House
- Cosponsor: Alex Joers (Democratic), House
- Cosponsor: Tara Johnson (Democratic), House
- Cosponsor: Vincent Miresse (Democratic), House
- Cosponsor: Lori Palmeri (Democratic), House
- Cosponsor: Ann Roe (Democratic), House
- Cosponsor: Christine Sinicki (Democratic), House
- Cosponsor: Angela Stroud (Democratic), House
- Cosponsor: Shelia Stubbs (Democratic), House
- Cosponsor: Lisa Subeck (Democratic), House
- Cosponsor: Randy Udell (Democratic), House

## Actions (7)

- 2026-03-23: Failed to pass pursuant to Senate Joint Resolution 1 (Senate)
- 2026-03-19: Representative Emerson added as a cosponsor (Senate)
- 2026-03-17: Representative Billings added as a cosponsor (Senate)
- 2025-12-22: Fiscal estimate received (Senate)
- 2025-12-09: Representative Palmeri added as a cosponsor (Senate)
- 2025-12-02: Read first time and referred to Committee on Agriculture and Revenue (Senate)
- 2025-12-02: Introduced by Senators Spreitzer, Dassler-Alfheim, Keyeski, Pfaff, Ratcliff, Roys and Smith; cosponsored by Representatives J. Jacobson, Anderson, Brown, DeSanto, DeSmidt, Fitzgerald, Joers, Johnson, Miresse, Roe, Sinicki, Stroud, Stubbs, Subeck and Udell (Senate)

## Bill text

- Bill Text: [HTML](https://docs.legis.wisconsin.gov/document/proposaltext/2025/REG/SB723), [PDF](https://docs.legis.wisconsin.gov/document/proposaltext/2025/REG/SB723.pdf)

## Related bills

- AB913: An Act to create 71.05 (6) (b) 57. of the statutes; Relating to: subtraction for certain income of members of the National Guard and Reserves. (FE) (signed)
- AB80: An Act to renumber 457.25 (1); to amend 46.90 (4) (ab) 4., 48.56 (2), 48.561 (2), 49.45 (30j) (a) 1., 51.03 (6) (a), 55.043 (1m) (a) 4., 146.81 (1) (hg), 146.8… (signed)
- AB1027: An Act Relating to: requiring information relating to the food stamp program to be compiled and provided to the U.S. Department of Agriculture. (FE) (vetoed)
- SB36: An Act to repeal 71.63 (6) (n) 1. and 71.63 (6) (n) 2.; to renumber and amend 71.63 (6) (n) (intro.); to amend 71.05 (6) (b) 19. cm., 71.05 (6) (b) 19. dm., 71… (vetoed)
- AB674: An Act to create 157.06 (15m) of the statutes; Relating to: prohibiting knowingly covering organ transplantation and related care under health insurance polici… (vetoed)
- SB176: An Act to create 71.05 (1) (j), 71.26 (1) (j), 71.34 (1k) (q) and 71.45 (1) (dp) of the statutes; Relating to: an income and franchise tax exemption for broadb… (vetoed)

## Sources
- [Bill Text (HTML)](https://docs.legis.wisconsin.gov/document/proposaltext/2025/REG/SB723)
- [Bill Text (PDF)](https://docs.legis.wisconsin.gov/document/proposaltext/2025/REG/SB723.pdf)

## Related
- [AB913: An Act to create 71.05 (6) (b) 57. of the statutes; Relating to: subtraction fo…](https://policyrisk.com/state-bill/WI-AB913-2025)
- [AB80: An Act to renumber 457.25 (1); to amend 46.90 (4) (ab) 4., 48.56 (2), 48.561 (2…](https://policyrisk.com/state-bill/WI-AB80-2025)
- [AB1027: An Act Relating to: requiring information relating to the food stamp program to…](https://policyrisk.com/state-bill/WI-AB1027-2025)
- [SB36: An Act to repeal 71.63 (6) (n) 1. and 71.63 (6) (n) 2.; to renumber and amend 7…](https://policyrisk.com/state-bill/WI-SB36-2025)
- [AB674: An Act to create 157.06 (15m) of the statutes; Relating to: prohibiting knowing…](https://policyrisk.com/state-bill/WI-AB674-2025)
- [SB176: An Act to create 71.05 (1) (j), 71.26 (1) (j), 71.34 (1k) (q) and 71.45 (1) (dp…](https://policyrisk.com/state-bill/WI-SB176-2025)
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Source: PRIA, https://policyrisk.com/state-bill/WI-SB723-2025 (as of 2026-10-17).