Wisconsin 2025 Regular Session Status: To Executive Bipartisan · 6 R · 4 D cosponsors

AB 375 — Relating to: modifications to the historic rehabilitation tax credit. (FE)

Last action — Published 4-9-2026

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Assembly
  4. ✓
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been sent to the executive. Introduced July 17, 2025. It awaits signature.

Next likely step: the executive signs it into law or issues a veto.

Odds of enactment

Moderate chance

Based on the sponsor, cosponsors, and committee posture, this bill has a moderate chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Likely to advance 90% · high confidence

  • To Executive

    Current position in the legislative process.

  • 14 sponsors

    1 primary, 13 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (6 R · 4 D) — cross-party backing.

  • Cleared a recorded vote

    Passed 5 recorded votes so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

An Act to repeal 71.07 (9m) (a) 1m., 71.28 (6) (a) 1m. and 71.47 (6) (a) 1m.; to amend 71.07 (9m) (a) 2m., 71.07 (9m) (a) 3., 71.07 (9m) (c) (intro.), 71.07 (9m) (c) 1., 71.07 (9m) (cm), 71.07 (9m) (cn) (intro.), 71.07 (9m) (g) 1., 71.07 (9m) (h), 71.28 (6) (a) 2m., 71.28 (6) (a) 3., 71.28 (6) (c) (intro.), 71.28 (6) (c) 1., 71.28 (6) (cm), 71.28 (6) (cn) (intro.), 71.28 (6) (g) 1., 71.28 (6) (h), 71.47 (6) (a) 2m., 71.47 (6) (a) 3., 71.47 (6) (c) (intro.), 71.47 (6) (c) 1., 71.47 (6) (cm), 71.47 (6) (cn) (intro.), 71.47 (6) (g) 1., 71.47 (6) (h) and 238.17 (2); to create 71.07 (9m) (a) 4., 71.07 (9m) (ck), 71.28 (6) (a) 4., 71.28 (6) (ck), 71.47 (6) (a) 4. and 71.47 (6) (ck) of the statutes;

Bill Text

What changed in the latest version

294 added · 299 removed

Plain-language change summary

The recent amendments to Assembly Bill 375 change the way taxpayers can claim the historic rehabilitation tax credit. Originally, the bill allowed the full credit to be claimed in one year instead of spreading it out over five years, which is how federal law required it. However, the latest changes revert to a system that permits credits for all projects on the same parcel over a longer period of 15 years. This adjustment is important because it provides more flexibility and potentially broader financial support for those undertaking historic rehabilitation projects in the state.

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- 2026 LEGISLATURE LRBs0152/1 EKL&MDE:cdc ASSEMBLY SUBSTITUTE AMENDMENT 1, TO ASSEMBLY BILL 375 November 5, 2025 - Offered by RepresentatRMSTRONG .
- 2026 LEGISLATURE LRB-2879/1 EKL&MDE:cdc ASSEMBLY BILL 375 July 17, 2025 - Introduced by Representatives RMSTRONG , K REIBIC, JOERS , M OSES , MURSAU, ORTIZ-VELEZ, TITTL, RANEL and U DELL, cosponsored by Senators F EYEN, D ASSLER-ALFHEIM, H ABUSH SINYKIN, L.
JOHNSON and S PREITZER.
Referred to Committee on Ways and Means.
to create 71.07 (9m) (a) 4., 71.28 (6) (a) 4.
to create 71.07 (9m) (a) 4., 71.07 (9m) (ck), 71.28 (6) (a) 4., 71.28 (6) (ck), 71.47 (6) (a) 4.
and 71.47 (6) (a) 4.
and 71.47 (6) (ck) of the statutes;
of the statutes;
In - 2026 Legislature - 2 - LRBs0152/1 EKL&MDE:cdc S ECTION 1 general, a taxpayer may claim both credits for the same rehabilitation project;
In general, a taxpayer may claim both credits for the same rehabilitation project;
however, in some cases, a taxpayer may not be able to claim both due to differences in state and federal law.
- 2026 Legislature - 2 - LRB-2879/1 EKL&MDE:cdc ASSEMBLY BILL 375 SECTION 1 however, in some cases, a taxpayer may not be able to claim both due to differences in state and federal law.
Federal law further requires the expenditures exceed the greater of the taxpayer[s adjusted basis in the property (initial cost with certain adjustments) or $5,000.
Federal law further requires the expenditures exceed the greater of the taxpayer’s adjusted basis in the property (initial cost with certain adjustments) or $5,000.
The bill modifies the timing for claiming the credit, which is currently based on when the taxpayer claims the federal credit.
Federal law, as amended by the Tax Cuts and Jobs Act of 2017, generally requires taxpayers claim the credit in equal amounts over five years.
Under the bill, the full credit is generally claimed in one year.
The federal Tax Cuts and Jobs Act of 2017 had sunsetted a similar federal credit.
The Tax Cuts and Jobs Act had sunsetted a similar federal credit.
Under the bill, this restriction only applies to certifying persons to claim tax credits for all projects undertaken on the same parcel within a single 15-year period.
Under the bill, this restriction only applies to certifying persons to claim tax credits for all projects undertaken on the same parcel within a single 10-year period.
For further information see the state fiscal estimate, which will be printed as an appendix to this bill.
71.02, up to the amount of those taxes, an amount equal to 20 percent of the costs of qualified rehabilitation expenditures, as defined in section 47 (c) (2) of the Internal Revenue Code, for certified historic structures on property located in this state, if the cost of the person[s qualified rehabilitation expenditures is at least - 2026 Legislature - 3 - LRBs0152/1 EKL&MDE:cdc SECTION 2 $50,000 and the rehabilitated property is placed in service after December 31, 2013, and before January 1, 2026.
71.02, up to the amount of those taxes, an amount equal to 20 percent - 2026 Legislature - 3 - LRB-2879/1 EKL&MDE:cdc ASSEMBLY BILL 375 SECTION 2 of the costs of qualified rehabilitation expenditures, as defined in section 47 (c) (2) of the Internal Revenue Code, for certified historic structures on property located in this state, if the cost of the person’s qualified rehabilitation expenditures is at least $50,000 and the rehabilitated property is placed in service after December 31, 2013, and before January 1, 2026.
71.02, up to the amount of those taxes, an amount equal to 20 percent of the costs of qualified rehabilitation expenditures, as defined in section 47 (c) (2) of the Internal Revenue Code, for qualified rehabilitated buildings, as defined in section 47 (c) (1) of the Internal Revenue Code, on property located in this state, if the cost of the person[s qualified rehabilitation expenditures is at least $50,000 and the rehabilitated property is placed in service after December 31, 2013, and before January 1, 2026, and regardless of whether the rehabilitated property is used for multiple or revenue-producing purposes.
71.02, up to the amount of those taxes, an amount equal to 20 percent of the costs of qualified rehabilitation expenditures, as defined in section 47 (c) (2) of the Internal Revenue Code, for qualified rehabilitated buildings, as defined in section 47 (c) (1) of the Internal Revenue Code, on property located in this state, if the cost of the person’s qualified rehabilitation expenditures is at least $50,000 and the rehabilitated property is placed in service after December 31, 2013, and before January 1, 2026, and regardless of whether the rehabilitated property is used for multiple or revenue-producing purposes.
a.
71.02, up to the amount of those taxes, an amount equal to 20 percent of the qualified rehabilitation expenditures for a qualified rehabilitated building located in this state and placed in service after December 31, 2025.
71.02, up to the amount of those taxes, an amount equal to 20 percent of the qualified rehabilitation - 2026 Legislature - 4 - LRB-2879/1 EKL&MDE:cdc ASSEMBLY BILL 375 SECTION 4 expenditures, as defined in section 47 (c) (2) of the Internal Revenue Code, for a qualified rehabilitated building located in this state and placed in service after December 31, 2025.
b.
For purposes of this subdivision, “qualified rehabilitated building” has the meaning given in section 47 (c) (1) of the Internal Revenue Code, except that a building shall be treated as having been substantially rehabilitated under section 47 (c) (1) (B) (i) of the Internal Revenue Code only if the qualified rehabilitation expenditures during the 24-month period selected by the taxpayer (at the time and in the manner prescribed by federal regulations) and ending with or within the taxable year are at least $50,000.
For purposes of this subdivision, Xqualified rehabilitated buildingY has the - 2026 Legislature - 4 - LRBs0152/1 EKL&MDE:cdc SECTION 4 meaning given in section 47 (c) (1) of the Internal Revenue Code, except that a building shall be treated as having been substantially rehabilitated under section 47 (c) (1) (B) (i) of the Internal Revenue Code only if the qualified rehabilitation expenditures during the 24-month period selected by the taxpayer, at the time and in the manner prescribed by federal regulations, and ending with or within the taxable year are at least $50,000.
c.
For purposes of this subdivision, Xqualified rehabilitation expenditureY has the meaning given in section 47 (c) (2) of the Internal Revenue Code, except that if the claimant does not claim the credit under section 47 of the Internal Revenue Code for the same rehabilitation to which the claim under this subdivision relates, the rehabilitation shall be treated as a certified rehabilitation under section 47 (c) (2) (B) (iv) of the Internal Revenue Code if the state historic preservation officer certifies the rehabilitation as being consistent with the historic character of the property or the district in which the property is located.
unless the claimant includes with the claimant[s return a copy of the claimant[s certification under s.
unless the claimant includes with the claimant’s return a copy of the claimant’s certification under s.
Evidence If the claimant claims the credit under section 47 of the Internal Revenue Code for the same rehabilitation, evidence that the rehabilitation was recommended by the state historic preservation officer for - 2026 Legislature - 5 - LRBs0152/1 EKL&MDE:cdc SECTION 6 approval by the secretary of the interior under 36 CFR 67.6 before the physical work of construction, or destruction in preparation for construction, began and that the rehabilitation was approved by the state historic preservation offIf the claimant does not claim the credit under section 47 of the Internal Revenue Code for the same rehabilitation, evidence that the rehabilitation was approved by the state historic preservation officer before the physical work of construction, or destruction in preparation for construction, began.
Evidence If the claimant claims the credit under section 47 of the Internal Revenue Code for the same rehabilitation, evidence that the rehabilitation was recommended by the state historic preservation officer for approval by the secretary of the interior under 36 CFR 67.6 before the physical work of construction, or destruction in preparation for construction, began and that the rehabilitation was approved by the state historic preservation offIf the claimant does not claim the credit under section 47 of the Internal Revenue Code for the same rehabilitation, evidence that the rehabilitation was approved by the - 2026 Legislature - 5 - LRB-2879/1 EKL&MDE:cdc ASSEMBLY BILL 375 SECTION 6 state historic preservation officer before the physical work of construction, or destruction in preparation for construction, began.
71.07 (9m) (cm) of the statutes is amended to read:
71.07 (9m) (ck) of the statutes is created to read:
71.07 (9m) (cm) Any credit claimed under this subsection for Wisconsin purposes shall be claimed at the same time as for federal purposes, regardless of whether the claimant claims the credit for federal purposes.
71.07 (9m) (ck) A credit claimed under par.
(a) 4.
shall be claimed in the taxable year in which the qualified rehabilitated building is placed in service, unless the taxpayer makes the election under par.
(g) 1.
to claim the credit based on progress expenditures under section 47 (d) of the Internal Revenue Code.
71.07 (9m) (cm) of the statutes is amended to read:
71.07 (9m) (cm) Any credit claimed under this subsection for Wisconsin purposes par.
(a) 2m.
or 3.
shall be claimed at the same time as for federal purposes.
S ECTION 9.
S ECTION 9.
S ECTION 10.
S ECTION 10.
S ECTION 11.
71.07 (9m) (h) Any person, including a nonprofit entity described in section - 2026 Legislature - 6 - LRBs0152/1 EKL&MDE:cdc S ECTION 10 501 (c) (3) of the Internal Revenue Code, may sell or otherwise transfer the credit under par.
71.07 (9m) (h) Any person, including a nonprofit entity described in section 501 (c) (3) of the Internal Revenue Code, may sell or otherwise transfer the credit - 2026 Legislature - 6 - LRB-2879/1 EKL&MDE:cdc ASSEMBLY BILL 375 S ECTION 11 under par.
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S ECTION 11.
S ECTION 12.
S ECTION 12.
S ECTION 13.
71.23, up to the amount of those taxes, an amount equal to 20 percent of the costs of qualified rehabilitation expenditures, as defined in section 47 (c) (2) of the Internal Revenue Code, for certified historic structures on property located in this state, if the cost of the person[s qualified rehabilitation expenditures is at least $50,000 and the rehabilitated property is placed in service after December 31, 2013, and before January 1, 2026.
71.23, up to the amount of those taxes, an amount equal to 20 percent of the costs of qualified rehabilitation expenditures, as defined in section 47 (c) (2) of the Internal Revenue Code, for certified historic structures on property located in this state, if the cost of the person’s qualified rehabilitation expenditures is at least $50,000 and the rehabilitated property is placed in service after December 31, 2013, and before January 1, 2026.
S ECTION 13.
S ECTION 14.
For taxable years beginning after December 31, 2013, and before January 1, 2026, any person may claim as a credit against taxes otherwise - 2026 Legislature - 7 - LRBs0152/1 EKL&MDE:cdc S ECTION 13 due under s.
For taxable years beginning after December 31, 2013, and before January 1, 2026, any person may claim as a credit against taxes otherwise due under s.
71.23, up to the amount of those taxes, an amount equal to 20 percent of the costs of qualified rehabilitation expenditures, as defined in section 47 (c) (2) of the Internal Revenue Code, for qualified rehabilitated buildings, as defined in section 47 (c) (1) of the Internal Revenue Code, on property located in this state, if the cost of the person[s qualified rehabilitation expenditures is at least $50,000 and the rehabilitated property is placed in service after December 31, 2013, and before January 1, 2026, and regardless of whether the rehabilitated property is used for multiple or revenue-producing purposes.
71.23, up to the amount of those taxes, an amount equal to 20 percent - 2026 Legislature - 7 - LRB-2879/1 EKL&MDE:cdc ASSEMBLY BILL 375 S ECTION 14 of the costs of qualified rehabilitation expenditures, as defined in section 47 (c) (2) of the Internal Revenue Code, for qualified rehabilitated buildings, as defined in section 47 (c) (1) of the Internal Revenue Code, on property located in this state, if the cost of the person’s qualified rehabilitation expenditures is at least $50,000 and the rehabilitated property is placed in service after December 31, 2013, and before January 1, 2026, and regardless of whether the rehabilitated property is used for multiple or revenue-producing purposes.
S ECTION 14.
S ECTION 15.
a.
71.23, up to the amount of those taxes, an amount equal to 20 percent of the qualified rehabilitation expenditures for a qualified rehabilitated building located in this state and placed in service after December 31, 2025.
71.23, up to the amount of those taxes, an amount equal to 20 percent of the qualified rehabilitation expenditures, as defined in section 47 (c) (2) of the Internal Revenue Code, for a qualified rehabilitated building located in this state and placed in service after December 31, 2025.
b.
For purposes of this subdivision, “qualified rehabilitated building” has the meaning given in section 47 (c) (1) of the Internal Revenue Code, except that a building shall be treated as having been substantially rehabilitated under section 47 (c) (1) (B) (i) of the Internal Revenue Code only if the qualified rehabilitation expenditures during the 24-month period selected by the taxpayer (at the time and in the manner prescribed by federal regulations) and ending with or within the taxable year are at least $50,000.
For purposes of this subdivision, Xqualified rehabilitated buildingY has the meaning given in section 47 (c) (1) of the Internal Revenue Code, except that a building shall be treated as having been substantially rehabilitated under section 47 (c) (1) (B) (i) of the Internal Revenue Code only if the qualified rehabilitation expenditures during the 24-month period selected by the taxpayer, at the time and - 2026 Legislature - 8 - LRBs0152/1 EKL&MDE:cdc S ECTION 14 in the manner prescribed by federal regulations, and ending with or within the taxable year are at least $50,000.
- 2026 Legislature - 8 - LRB-2879/1 EKL&MDE:cdc ASSEMBLY BILL 375 S ECTION 16 S ECTION 16.
c.
For purposes of this subdivision, Xqualified rehabilitation expenditureY has the meaning given in section 47 (c) (2) of the Internal Revenue Code, except that if the claimant does not claim the credit under section 47 of the Internal Revenue Code for the same rehabilitation to which the claim under this subdivision relates, the rehabilitation shall be treated as a certified rehabilitation under section 47 (c) (2) (B) (iv) of the Internal Revenue Code if the state historic preservation officer certifies the rehabilitation as being consistent with the historic character of the property or the district in which the property is located.
S ECTION 15.
unless the claimant includes with the claimant[s return a copy of the claimant[s certification under s.
unless the claimant includes with the claimant’s return a copy of the claimant’s certification under s.
S ECTION 16.
S ECTION 17.
Evidence If the claimant claims the credit under section 47 of the Internal Revenue Code for the same rehabilitation, evidence that the rehabilitation was recommended by the state historic preservation officer for approval by the secretary of the interior under 36 CFR 67.6 before the physical work of construction, or destruction in preparation for construction, began and that the rehabilitation was approved by the state historic preservation offIf the claimant does not claim the credit under section 47 of the Internal Revenue Code - 2026 Legislature - 9 - LRBs0152/1 EKL&MDE:cdc S ECTION 16 for the same rehabilitation, evidence that the rehabilitation was approved by the state historic preservation officer before the physical work of construction, or destruction in preparation for construction, began.
Evidence If the claimant claims the credit under section 47 of the Internal Revenue Code for the same rehabilitation, evidence that the rehabilitation was recommended by the state historic preservation officer for approval by the secretary of the interior under 36 CFR 67.6 before the physical work of construction, or destruction in preparation for construction, began and that the rehabilitation was approved by the state historic preservation offIf the claimant does not claim the credit under section 47 of the Internal Revenue Code for the same rehabilitation, evidence that the rehabilitation was approved by the state historic preservation officer before the physical work of construction, or destruction in preparation for construction, began.
S ECTION 17.
71.28 (6) (cm) of the statutes is amended to read:
71.28 (6) (cm) Any credit claimed under this subsection for Wisconsin purposes shall be claimed at the same time as for federal purposes, regardless of whether the claimant claims the credit for federal purposes.
71.28 (6) (ck) of the statutes is created to read:
71.28 (6) (ck) A credit claimed under par.
(a) 4.
shall be claimed in the taxable year in which the qualified rehabilitated building is placed in service, unless the taxpayer makes the election under par.
(g) 1.
to claim the credit based on progress expenditures under section 47 (d) of the Internal Revenue Code.
S ECTION 19.
71.28 (6) (cm) of the statutes is amended to read:
- 2026 Legislature - 9 - LRB-2879/1 EKL&MDE:cdc ASSEMBLY BILL 375 S ECTION 19 71.28 (6) (cm) Any credit claimed under this subsection for Wisconsin purposes par.
(a) 2m.
or 3.
shall be claimed at the same time as for federal purposes.
S ECTION 20.
S ECTION 19.
S ECTION 21.
S ECTION 20.
S ECTION 22.
71.02, 71.23, or 71.43, if the person notifies the department of the transfer, and submits with the notification a copy of the transfer documents, - 2026 Legislature - 10 - LRBs0152/1 EKL&MDE:cdc S ECTION 20 and the department certifies ownership of the credit with each transThe.
71.02, 71.23, or 71.43, if the person notifies the department of the transfer, and submits with the notification a copy of the transfer documents, and the department certifies ownership of the credit with each transThe.
The transferee may first use the credit to offset tax in the taxable year of the transferor in which the transfer occurs, and may use the credit only to offset tax in taxable years otherwise allowed to be claimed and carried forward by the original claimant.
The transferee may first use the credit to offset tax in the taxable year of the transferor in which the transfer occurs, and may use the - 2026 Legislature - 10 - LRB-2879/1 EKL&MDE:cdc ASSEMBLY BILL 375 S ECTION 22 credit only to offset tax in taxable years otherwise allowed to be claimed and carried forward by the original claimant.
S ECTION 21.
S ECTION 23.
S ECTION 22.
S ECTION 24.
71.43, up to the amount of those taxes, an amount equal to 20 percent of the costs of qualified rehabilitation expenditures, as defined in section 47 (c) (2) of the Internal Revenue Code, for certified historic structures on property located in this state, if the cost of the person[s qualified rehabilitation expenditures is at least $50,000 and the rehabilitated property is placed in service after December 31, 2013, and before January 1, 2026.
71.43, up to the amount of those taxes, an amount equal to 20 percent of the costs of qualified rehabilitation expenditures, as defined in section 47 (c) (2) of the Internal Revenue Code, for certified historic structures on property located in this state, if the cost of the person’s qualified rehabilitation expenditures is at least $50,000 and the rehabilitated property is placed in service after December 31, 2013, and before January 1, 2026.
S ECTION 23.
S ECTION 25.
71.43, up to the amount of those taxes, an amount equal to 20 percent of the costs of qualified rehabilitation expenditures, as defined in section 47 (c) (2) of the Internal Revenue Code, for qualified rehabilitated buildings, as defined in section 47 (c) (1) of the Internal Revenue Code, on property located in this state, if - 2026 Legislature - 11 - LRBs0152/1 EKL&MDE:cdc S ECTION 23 the cost of the person[s qualified rehabilitation expenditures is at least $50,000 and the rehabilitated property is placed in service after December 31, 2013, and before January 1, 2026, and regardless of whether the rehabilitated property is used for multiple or revenue-providing purposes.
71.43, up to the amount of those taxes, an amount equal to 20 percent of the costs of qualified rehabilitation expenditures, as defined in section 47 (c) (2) of the Internal Revenue Code, for qualified rehabilitated buildings, as defined in section 47 (c) (1) of the Internal Revenue Code, on property located in this state, if the cost of the person’s qualified rehabilitation expenditures is at least $50,000 and the rehabilitated property is placed in service after December 31, 2013, and before January 1, 2026, and regardless of whether the rehabilitated property is used for multiple or revenue-providing purposes.
No credit may be claimed under this subdivision for property listed as a contributing building in the state register of historic places or in the national register of historic places and no credit may be claimed under this subdivision for nonhistoric, nonresidential property converted into housing if the property has been previously used for housing.
No credit may be claimed under this subdivision for property listed as a contributing building in the state register of - 2026 Legislature - 11 - LRB-2879/1 EKL&MDE:cdc ASSEMBLY BILL 375 S ECTION 25 historic places or in the national register of historic places and no credit may be claimed under this subdivision for nonhistoric, nonresidential property converted into housing if the property has been previously used for housing.
S ECTION 24.
S ECTION 26.
a.
71.43, up to the amount of those taxes, an amount equal to 20 percent of the qualified rehabilitation expenditures for a qualified rehabilitated building located in this state and placed in service after December 31, 2025.
71.43, up to the amount of those taxes, an amount equal to 20 percent of the qualified rehabilitation expenditures, as defined in section 47 (c) (2) of the Internal Revenue Code, for a qualified rehabilitated building located in this state and placed in service after December 31, 2025.
b.
For purposes of this subdivision, “qualified rehabilitated building” has the meaning given in section 47 (c) (1) of the Internal Revenue Code, except that a building shall be treated as having been substantially rehabilitated under section 47 (c) (1) (B) (i) of the Internal Revenue Code only if the qualified rehabilitation expenditures during the 24-month period selected by the taxpayer (at the time and in the manner prescribed by federal regulations) and ending with or within the taxable year are at least $50,000.
For purposes of this subdivision, Xqualified rehabilitated buildingY has the meaning given in section 47 (c) (1) of the Internal Revenue Code, except that a building shall be treated as having been substantially rehabilitated under section 47 (c) (1) (B) (i) of the Internal Revenue Code only if the qualified rehabilitation expenditures during the 24-month period selected by the taxpayer, at the time and in the manner prescribed by federal regulations, and ending with or within the taxable year are at least $50,000.
S ECTION 27.
c.
For purposes of this subdivision, Xqualified rehabilitation expenditureY has the meaning given in section 47 (c) (2) of the Internal Revenue Code, except that if the claimant does not claim the credit under section 47 of the Internal Revenue - 2026 Legislature - 12 - LRBs0152/1 EKL&MDE:cdc S ECTION 24 Code for the same rehabilitation to which the claim under this subdivision relates, the rehabilitation shall be treated as a certified rehabilitation under section 47 (c) (2) (B) (iv) of the Internal Revenue Code if the state historic preservation officer certifies the rehabilitation as being consistent with the historic character of the property or the district in which the property is located.
S ECTION 25.
unless the claimant includes with the claimant[s return a copy of the claimant[s certification under s.
unless the claimant includes with the claimant’s return a copy of the claimant’s certification under s.
S ECTION 26.
S ECTION 28.
Evidence If the claimant claims the credit under section 47 of the Internal Revenue Code for the same rehabilitation, evidence that the rehabilitation was recommended by the state historic preservation officer for approval by the secretary of the interior under 36 CFR 67.6 before the physical work of construction, or destruction in preparation for construction, began and that the rehabilitation was approved by the state historic preservation offIf the claimant does not claim the credit under section 47 of the Internal Revenue Code for the same rehabilitation, evidence that the rehabilitation was approved by the state historic preservation officer before the physical work of construction, or destruction in preparation for construction, began.
Evidence If the claimant claims the credit under section 47 of - 2026 Legislature - 12 - LRB-2879/1 EKL&MDE:cdc ASSEMBLY BILL 375 S ECTION 28 the Internal Revenue Code for the same rehabilitation, evidence that the rehabilitation was recommended by the state historic preservation officer for approval by the secretary of the interior under 36 CFR 67.6 before the physical work of construction, or destruction in preparation for construction, began and that the rehabilitation was approved by the state historic preservation offIf the claimant does not claim the credit under section 47 of the Internal Revenue Code for the same rehabilitation, evidence that the rehabilitation was approved by the state historic preservation officer before the physical work of construction, or destruction in preparation for construction, began.
S ECTION 27.
S ECTION 29.
71.47 (6) (ck) of the statutes is created to read:
71.47 (6) (ck) A credit claimed under par.
(a) 4.
shall be claimed in the taxable year in which the qualified rehabilitated building is placed in service, unless the taxpayer makes the election under par.
(g) 1.
to claim the credit based on progress expenditures under section 47 (d) of the Internal Revenue Code.
S ECTION 30.
71.47 (6) (cm) Any credit claimed under this subsection for Wisconsin - 2026 Legislature - 13 - LRBs0152/1 EKL&MDE:cdc S ECTION 27 purposes shall be claimed at the same time as for federal purposes, regardless of whether the claimant claims the credit for federal purposes.
71.47 (6) (cm) Any credit claimed under this subsection for Wisconsin purposes par.
S ECTION 28.
(a) 2m.
or 3.
shall be claimed at the same time as for federal purposes.
S ECTION 31.
S ECTION 29.
S ECTION 32.
(a) 2m., 3., or 4.
(a) 2m, 3., or 4.
elects to claim the credit based on claiming amounts for expenditures as the expenditures are paid, rather than when the rehabilitation work is completed progress expenditures under section 47 (d) of the Internal Revenue Code, the person shall file an election form with the department, in the manner prescribed by the department.
elects to claim the credit based on claiming amounts for - 2026 Legislature - 13 - LRB-2879/1 EKL&MDE:cdc ASSEMBLY BILL 375 S ECTION 32 expenditures as the expenditures are paid, rather than when the rehabilitation work is completed progress expenditures under section 47 (d) of the Internal Revenue Code, the person shall file an election form with the department, in the manner prescribed by the department.
S ECTION 30.
S ECTION 33.
The transferee may first use the credit to offset tax in the taxable year of the transferor in which the transfer occurs, and may use the - 2026 Legislature - 14 - LRBs0152/1 EKL&MDE:cdc S ECTION 30 credit only to offset tax in taxable years otherwise allowed to be claimed and carried forward by the original claimant.
The transferee may first use the credit to offset tax in the taxable year of the transferor in which the transfer occurs, and may use the credit only to offset tax in taxable years otherwise allowed to be claimed and carried forward by the original claimant.
S ECTION 31.
S ECTION 34.
238.17 (2) Beginning July 1, 2018, the corporation may not certify persons to claim more than a total of $3,500,000 in tax credits within a single 15-year period for all projects undertaken on the same parcel.
238.17 (2) Beginning July 1, 2018, the corporation may not certify persons to claim more than a total of $3,500,000 in tax credits within a single 10-year period for all projects undertaken on the same parcel.
S ECTION 32.
S ECTION 35.
do not affect the ability of a claimant who claims a credit under s.
do not affect the ability of a claimant who claims a - 2026 Legislature - 14 - LRB-2879/1 EKL&MDE:cdc ASSEMBLY BILL 375 S ECTION 35 credit under s.
(2) Credits awarded during a single 15-year period under s.
END )
238.17 (2), as amended by this act, include any amount in tax credits certified between July 1, 2018, and the effective date of this act.
(END)
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Action History

  1. Published 4-9-2026

  2. Report approved by the Governor on 4-8-2026. 2025 Wisconsin Act 238

  3. Presented to the Governor on 4-2-2026

  4. Report correctly enrolled on 3-26-2026

  5. Received from Senate concurred in

  6. Ordered immediately messaged

  7. Read a third time and concurred in, Ayes 31, Noes 2

  8. Rules suspended to give bill its third reading

  9. Ordered to a third reading

  10. Read a second time

  11. Placed on calendar 3-17-2026 pursuant to Senate Rule 18(1)

  12. Public hearing requirement waived by committee on Senate Organization, pursuant to Senate Rule 18 (1m), Ayes 3, Noes 2

  13. Available for scheduling

  14. Report concurrence recommended by Joint Committee on Finance, Ayes 16, Noes 0

  15. Executive action taken

  16. Withdrawn from committee on Senate Organization and rereferred to joint committee on Finance pursuant to Senate Rule 46(2)(c)

  17. Available for scheduling

  18. Read first time and referred to committee on Senate Organization

  19. Received from Assembly

  20. Ordered immediately messaged

  21. Read a third time and passed, Ayes 97, Noes 0

  22. Rules suspended

  23. Ordered to a third reading

  24. Assembly Substitute Amendment 1 adopted

  25. Read a second time

  26. Assembly Substitute Amendment 1 offered by Representative Armstrong

  27. Senator Ratcliff added as a cosponsor

  28. Representative Anderson added as a coauthor

  29. Representative Stubbs added as a coauthor

  30. Representatives Palmeri and Miresse added as coauthors

  31. Withdrawn from Committee on Rules and referred to calendar of 10-7-2025

  32. Senator Larson added as a cosponsor

  33. Representative McCarville added as a coauthor

  34. Referred to committee on Rules

  35. Report passage as amended recommended by Committee on Ways and Means, Ayes 10, Noes 0

  36. Report Assembly Amendment 1 adoption recommended by Committee on Ways and Means, Ayes 10, Noes 0

  37. Executive action taken

  38. Representative Snodgrass added as a coauthor

  39. Assembly Amendment 1 offered by Representative Armstrong

  40. Public hearing held

  41. Fiscal estimate received

  42. Read first time and referred to Committee on Ways and Means

  43. Introduced by Representatives Armstrong, Kreibich, Joers, Moses, Mursau, Ortiz-Velez, Tittl, Tranel and Udell; cosponsored by Senators Feyen, Dassler-Alfheim, Habush Sinykin, L. Johnson and Spreitzer

Sponsors

Sponsorship breakdown

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1 sponsors · 13 co-sponsors · 118 not signed on · 2 voted No

Sponsors (1)

Co-sponsors (13)

Not signed on (118)

118 members have not signed on to this bill.

Show all 118 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Votes

Read a third time and concurred in

Passed 31 Yea · 2 Nay
Party YeaNayPresentNot Voting
Republican 16200
Democrat 12000
Unaffiliated 3000
Total 31200
% of votes cast 94%6%0%0%
How each member voted (33)
Member Party Vote
JOHNSON — Yea
DASSLER-ALFHEI — Yea
HABUSH SINYKIN — Yea
Carpenter, Tim Democrat Yea
Drake, Dora Democrat Yea
Hesselbein, Dianne Democrat Yea
Keyeski, Sarah Democrat Yea
Larson, Chris Democrat Yea
Pfaff, Brad Democrat Yea
Ratcliff, Melissa Democrat Yea
Roys, Kelda Democrat Yea
Smith, Jeff Democrat Yea
Spreitzer, Mark Democrat Yea
Wall, Jamie Democrat Yea
Wirch, Robert Democrat Yea
Bradley, Julian Republican Yea
Cabral-Guevara, Rachael Republican Yea
Felzkowski, Mary Republican Yea
Feyen, Dan Republican Yea
Hutton, Rob Republican Nay
Jacque, André Republican Yea
Jagler, John Republican Yea
James, Jesse Republican Yea
Kapenga, Chris Republican Nay
LeMahieu, Devin Republican Yea
Marklein, Howard Republican Yea
Nass, Steve Republican Yea
Quinn, Romaine Republican Yea
Stafsholt, Rob Republican Yea
Testin, Patrick Republican Yea
Tomczyk, Cory Republican Yea
Wanggaard, Van Republican Yea
Wimberger, Eric Republican Yea

Official roll call →

Read a third time and passed

Passed 97 Yea · 0 Nay · 2 Other
Party YeaNayPresentNot Voting
Republican 53000
Democrat 41002
Unaffiliated 3000
Total 97002
% of votes cast 98%0%0%2%
How each member voted (99)
Member Party Vote
JOHNSON — Yea
MOORE OMOKUNDE — Yea
SPEAKER — Yea
Anderson, Clinton Democrat Yea
Andraca, Deb Democrat Yea
Arney, Margaret Democrat Yea
Bare, Mike Democrat Yea
Billings, Jill Democrat Yea
Brown, Brienne Democrat Yea
Clancy, Ryan Democrat Yea
Cruz, Angelina Democrat Yea
DeSanto, Karen Democrat Yea
DeSmidt, Ben Democrat Yea
Doyle, Steve Democrat Yea
Emerson, Jodi Democrat Yea
Fitzgerald, Joan Democrat Yea
Goodwin, Russell Democrat Yea
Haywood, Kalan Democrat Not Voting
Hong, Francesca Democrat Yea
Hysell, Andrew Democrat Yea
Jacobson, Jenna Democrat Yea
Joers, Alex Democrat Yea
Kirsch, Karen Democrat Yea
Madison, Darrin Democrat Yea
Mayadev, Renuka Democrat Yea
McCarville, Maureen Democrat Yea
McGuire, Tip Democrat Yea
Miresse, Vincent Democrat Yea
Neubauer, Greta Democrat Yea
Ortiz-Velez, Sylvia Democrat Yea
Palmeri, Lori Democrat Yea
Phelps, Christian Democrat Yea
Prado, Priscilla Democrat Yea
Rivera-Wagner, Amaad Democrat Yea
Roe, Ann Democrat Yea
Sheehan, Joe Democrat Yea
Sinicki, Christine Democrat Yea
Snodgrass, Lee Democrat Yea
Spaude, Ryan Democrat Yea
Stroud, Angela Democrat Yea
Stubbs, Shelia Democrat Yea
Subeck, Lisa Democrat Yea
Taylor, Sequanna Democrat Not Voting
Tenorio, Angelito Democrat Yea
Udell, Randy Democrat Yea
Vining, Robyn Democrat Yea
Allen, Scott Republican Yea
Armstrong, David Republican Yea
August, Tyler Republican Yea
Behnke, Elijah Republican Yea
Born, Mark Republican Yea
Brill, Lindee Republican Yea
Brooks, Robert Republican Yea
Callahan, Calvin Republican Yea
Dallman, Alex Republican Yea
Dittrich, Barbara Republican Yea
Donovan, Bob Republican Yea
Duchow, Cindi Republican Yea
Franklin, Benjamin Republican Yea
Goeben, Joy Republican Yea
Green, Chanz Republican Yea
Gundrum, Rick Republican Yea
Gustafson, Nate Republican Yea
Hurd, Karen Republican Yea
Jacobson, Brent Republican Yea
Kaufert, Dean Republican Yea
Kitchens, Joel Republican Yea
Knodl, Daniel Republican Yea
Kreibich, Rob Republican Yea
Krug, Scott Republican Yea
Kurtz, Tony Republican Yea
Maxey, Dave Republican Yea
Melotik, Paul Republican Yea
Moses, Clint Republican Yea
Murphy, David Republican Yea
Mursau, Jeffrey Republican Yea
Nedweski, Amanda Republican Yea
Neylon, Adam Republican Yea
Novak, Todd Republican Yea
O'Connor, Jerry Republican Yea
Penterman, William Republican Yea
Petersen, Kevin Republican Yea
Piwowarczyk, Jim Republican Yea
Pronschinske, Treig Republican Yea
Rodriguez, Jessie Republican Yea
Snyder, Patrick Republican Yea
Sortwell, Shae Republican Yea
Spiros, John Republican Yea
Steffen, David Republican Yea
Summerfield, Rob Republican Yea
Swearingen, Rob Republican Yea
Tittl, Paul Republican Yea
Tranel, Travis Republican Yea
Tucker, Duke Republican Yea
Tusler, Ron Republican Yea
VanderMeer, Nancy Republican Yea
Wichgers, Chuck Republican Yea
Wittke, Robert Republican Yea
Zimmerman, Shannon Republican Yea

Official roll call →

Subjects

taxation housing
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Frequently asked questions

What does AB 375 do?
An Act to repeal 71.07 (9m) (a) 1m., 71.28 (6) (a) 1m. and 71.47 (6) (a) 1m.; to amend 71.07 (9m) (a) 2m., 71.07 (9m) (a) 3., 71.07 (9m) (c) (intro.), 71.07 (9m) (c) 1., 71.07 (9m) (cm), 71.07 (9m) (cn) (intro.), 71.07 (9m) (g) 1., 71.07 (9m) (h), 71.28 (6) (a) 2m., 71.28 (6) (a) 3., 71.28 (6) (c) (intro.), 71.28 (6) (c) 1., 71.28 (6) (cm), 71.28 (6) (cn) (intro.), 71.28 (6) (g) 1., 71.28 (6) (h), 71.47 (6) (a) 2m., 71.47 (6) (a) 3., 71.47 (6) (c) (intro.), 71.47 (6) (c) 1., 71.47 (6) (cm), 71.47 (6) (cn) (intro.), 71.47 (6) (g) 1., 71.47 (6) (h) and 238.17 (2); to create 71.07 (9m) (a) 4., 71.07 (9m) (ck), 71.28 (6) (a) 4., 71.28 (6) (ck), 71.47 (6) (a) 4. and 71.47 (6) (ck) of the statutes;
Who sponsors AB 375?
AB 375 is sponsored by Feyen, Dassler-Alfheim, Habush Sinykin, Spreitzer, Armstrong, David (Republican), Kreibich, Rob (Republican), Joers, Alex (Democrat), Moses, Clint (Republican), Mursau, Jeffrey (Republican), Ortiz-Velez, Sylvia (Democrat), Tittl, Paul (Republican), Tranel, Travis (Republican), Udell, Randy (Democrat), and Johnson, Tara (Democrat).
What is the current status of AB 375?
This bill has been sent to the executive. Introduced July 17, 2025. It awaits signature.
Where can I track AB 375?
Track AB 375 free on One Click Politics — get push/email alerts when it moves.

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