Wisconsin 2025 Regular Session Status: Introduced Bipartisan · 2 D · 1 R cosponsors

SB 684 — Relating to: a long-term care insurance assessment and a long-term care insurance assessment tax credit. (FE)

Last action — Failed to pass pursuant to Senate Joint Resolution 1

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

This bill has been introduced in the Senate. Introduced December 02, 2025. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Prognosis

Advancing 54% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • Introduced

    Current position in the legislative process.

  • 11 sponsors

    1 primary, 10 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (2 D · 1 R) — cross-party backing.

  • Cleared a recorded vote

    Passed 4 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

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;

Bill Text

What changed in the latest version

457 added · 8 removed

Plain-language change summary

The recent changes to Senate Bill 684 include the deletion of specific lines that likely reduced the scope or complexity of the legislation. This amendment appears to streamline the bill, possibly making it easier to understand or implement. Such adjustments are important because they can clarify the legislative intent and make it more accessible for stakeholders involved in long-term care insurance and the insurance security fund. Ultimately, these modifications may help ensure that the bill effectively addresses its goals without unnecessary complications.

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- 2026 LEGISLATURE LRBa0735/1 KP:cdc SENATE AMENDMENT 1, TO SENATE BILL 684 January 2, 2026 - Offered by SenatTAFSHOLT.
- 2026 LEGISLATURE LRB-5551/1 EKL&KP:cdc SENATE BILL 684 December 2, 2025 - Introduced by Senators STAFSHOLT, W ALL and D ASSLER- A LFHEIM, cosponsored by Representatives ETERSEN , DOYLE, GUNDRUM , K AUFERT, KREIBICH, O'CONNOR , PIWOWARCZYK and S UBECK.
At the locations indicated, amend the bill as follows:
Referred to Committee on Insurance, Housing, Rural Issues and Forestry.
A N A CT 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.
Analysis by the Legislative Reference Bureau Under current law, certain insurers authorized to transact business in Wisconsin are required to contribute to the “insurance security fundThe insurance security fund is created to maintain public confidence in the promises of insurers by providing a mechanism for protecting insureds from excessive delay and loss in the event of liquidation of insurers and by assessing the cost of such protection among insurers and to provide for the continuation of protection under policies and supplementary contracts of life insurance, health insurance, and annuities.
To this end, current law provides conditions and procedures for the insurance security fund to determine whether to issue payment for a claim that - 2026 Legislature - 2 - LRB-5551/1 EKL&KP:cdc SENATE BILL 684 arises out of an insurance policy or annuity issued by an insurer against which an order of liquidation has been entered by a court in this state and how much the insurance security fund will issue as payment.
Further, current law requires the insurance security fund, after a liquidation order has been issued, to calculate, assess, and collect from insurers, separately for each of the accounts in the fund, the amounts necessary to make payments provided under current law.
Current law provides that an insurer may recoup its assessments by increasing premium rates or, if an insurer cannot recoup its assessments by increasing premium rates, by offsetting 20 percent of the assessment against its tax liabilities in this state, other than real property taxes, in each of the five calendar years following the year in which the assessment was paid.
The insurance security fund is currently composed of five segregated accounts:
one for life insurance and annuities;
one for health insurance policies, referred to under current law as disability insurance policies, other than policies issued or coverage provided by a health maintenance organization insurer;
one for health maintenance organization insurers;
one for other kinds of insurance described under current law;
and one administrative account.
The insurance security fund is administered by a board of directors that consists of the attorney general, the state treasurer, and the commissioner of insurance along with at least nine but not more than 11 insurer representatives of domestic, foreign, and alien insurers subject to state law.
The board of directors has certain powers and duties specified under current law, including standing in the position of the insurer, if the insurer is in liquidation, in the investigation, compromise, settlement, denial, and payment of eligible claims and the defense of third-party claims against insureds, subject to certain limitations.
The bill adds a segregated account to the insurance security fund for long- term care insurance.
The bill directs the board to calculate the assessments required for the long-term care insurance account by first calculating the percentage of life insurance, annuity contract, and disability insurance premiums written by each life insurer and by each disability insurer to which the insurance security fund applies based on each insurer’s total of all such premiums written in this state for the year preceding the year in which the assessment is authorized.
From this calculation, the bill provides that if the percentage of life insurance and annuity contract premiums exceeds 50 percent of the total premiums, then the insurer is classified as a life insurer, and if the percentage of disability insurance premiums exceeds 50 percent of the total premiums, then the insurer is classified as a disability insurer.
The bill then directs the board to allocate 50 percent of the total assessment authorized for the long-term care insurance account to life insurers and 50 percent to disability insurers, and each insurer in those classes must pay an assessment based on the percentage of the total premiums written in this state by the insurer relative to all premiums written in this state in that class.
The bill also creates a tax credit against state income and franchise taxes and insurer license fees for long-term care insurance assessments paid by insurers.
The credit is equal to 20 percent of the amount of the long-term care insurance assessment paid by the insurer and may be claimed for the tax year following the - 2026 Legislature - 3 - LRB-5551/1 EKL&KP:cdc SENATE BILL 684 SECTION 1 tax year during which the claimant paid the long-term care insurance assessment and for the following four years.
The credit is refundable for disability insurers, but for all other claimants, the credit is nonrefundable.
The bill makes no appropriation for making refundable credit payments.
For further information see the state fiscal estimate, which will be printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
SECTION 1.
20.005 (3) (schedule) of the statutes:
at the appropriate place, insert the following amounts for the purposes indicated:
2025-26 2026-27 20.835 Shared revenue and tax relief (2) TAX RELIEF (de) Long-term care insurance assessment credit GPR A -0- -0- SECTION 2.
20.835 (2) (de) of the statutes is created to read:
20.835 (2) (de) Long-term care insurance assessment credit.
The amounts in the schedule to make the payments under ss.
71.07 (12) (d) 2., 71.28 (12) (d) 2., 71.47 (12) (d) 2., and 76.633 (4).
SECTION 3.
71.05 (6) (a) 15.
of the statutes, as affected by 2025 Wisconsin Act 15, is amended to read:
71.05 (6) (a) 15.
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The amount of the credits computed under s.
71.07 (2dm), (2dx), (2dy), (3g), (3h), (3n), (3q), (3s), (3t), (3w), (3wm), (3y), (4k), (4n), (5f), (5h), (5i), (5j), (5k), (5r), (5rm), (6n), and (10), and (12) and not passed through by a partnership, limited liability company, or tax-option corporation that has added - 2026 Legislature - 4 - LRB-5551/1 EKL&KP:cdc SENATE BILL 684 SECTION 3 that amount to the partnership’s, company’s, or tax-option corporation’s income under s.
71.21 (4) or 71.34 (1k) (g).
S ECTION 4.
71.07 (12) of the statutes is created to read:
71.07 (12) ONG TERM CARE INSURANCE ASSESSMENT CREDIT .
(a) Definitions.
In this subsection:
Page 11, line 3:
“Claimant” means a person who files a claim under this subsection.
delete lines 3 to 8.
2.
END )
“Disability insurer” means an insurer classified as a disability insurer under s.
646.51 (3) (bm) 2.
(b) Filing claims.
Subject to the limitations provided under this subsection, for taxable years beginning after December 31, 2026, a claimant may claim as a credit against the taxes imposed under s.
71.02, for the taxable year following the taxable year that a claimant pays an assessment under s.
646.51 (3) (bm), and for the immediately following 4 taxable years, an amount equal to 20 percent of the assessment under s.
646.51 (3) (bm) paid by the claimant.
(c) Limitations.
1.
A partnership, limited liability company, or tax-option corporation, including a partnership, limited liability company, or tax-option corporation that makes an election under s.
71.21 (6) (a) or 71.365 (4m) (a) to be taxed at the entity level, may claim the credit under par.
(b).
2.
A partnership’s partners, limited liability company’s members, and tax- option corporation’s shareholders may not claim the credit under par.
(b).
(d) Administration.
1.
Section 71.28 (4) (e), (g), and (h), as it applies to the credit under s.
71.28 (4), applies to the credit under this subsection.
2.
If the claimant is a disability insurer and if the allowable amount of the claim under par.
(b) exceeds the tax otherwise due under s.
71.02 or 71.21 (6) (a), - 2026 Legislature - 5 - LRB-5551/1 EKL&KP:cdc SENATE BILL 684 SECTION 4 the amount of the claim not used to offset the tax due shall be certified by the department of revenue to the department of administration for payment to the claimant by check, share draft, or other draft drawn from the appropriation account under s.
20.835 (2) (de).
Notwithstanding s.
71.82 (1) (b), no interest shall be added to amounts certified under this subdivision.
S ECTION 5.
71.10 (4) (co) of the statutes is created to read:
71.10 (4) (co) Long-term care insurance assessment credit under s.
71.07 (12), except as provided under par.
(i).
S ECTION 6.
71.10 (4) (i) of the statutes, as affected by 2025 Wisconsin Act 15, is amended to read:
71.10 (4) (i) The total of claim of right credit under s.
71.07 (1), farmland preservation credit under ss.
71.57 to 71.61, farmland preservation credit, 2010 and beyond under s.
71.613, homestead credit under subch.
VIII, jobs tax credit under s.
71.07 (3q), business development credit under s.
71.07 (3y), research credit under s.
71.07 (4k) (e) 2.
a., film production services credit under s.
71.07 (5f) (b) 2., veterans and surviving spouses property tax credit under s.
71.07 (6e), enterprise zone jobs credit under s.
71.07 (3w), electronics and information technology manufacturing zone credit under s.
71.07 (3wm), long-term care insurance assessment credit under s.
71.07 (12) (d) 2., earned income tax credit under s.
71.07 (9e), estimated tax payments under s.
71.09, and taxes withheld under subch.
X.
S ECTION 7.
71.21 (4) (a) of the statutes, as affected by 2025 Wisconsin Act 15, is amended to read:
71.21 (4) (a) The amount of the credits computed by a partnership under s.
71.07 (2dm), (2dx), (2dy), (3g), (3h), (3n), (3q), (3s), (3t), (3w), (3wm), (3y), (4k), (4n), - 2026 Legislature - 6 - LRB-5551/1 EKL&KP:cdc SENATE BILL 684 SECTION 7 (5f), (5g), (5h), (5i), (5j), (5k), (5r), (5rm), (6n), and (10), and (12) and passed through to partners shall be added to the partnership’s income.
S ECTION 8.
71.21 (6) (d) 3.
of the statutes is amended to read:
71.21 (6) (d) 3.
Except as provided in s.
ss.
71.07 (7) (b) 3.
and (12) (c) 2., 71.28 (12) (c) 2., and 71.47 (12) (c) 2., the tax credits under this chapter may not be claimed by the partnership.
S ECTION 9.
71.26 (2) (a) 4.
of the statutes, as affected by 2025 Wisconsin Act 15, is amended to read:
71.26 (2) (a) 4.
Plus the amount of the credit computed under s.
71.28 (1dm), (1dx), (1dy), (3g), (3h), (3n), (3q), (3t), (3w), (3wm), (3y), (5f), (5g), (5h), (5i), (5j), (5k), (5r), (5rm), (6n), and (10), and (12) and not passed through by a partnership, limited liability company, or tax-option corporation that has added that amount to the partnership’s, limited liability company’s, or tax-option corporation’s income under s.
71.21 (4) or 71.34 (1k) (g).
S ECTION 10.
71.28 (12) of the statutes is created to read:
71.28 (12) ONG TERM CARE INSURANCE ASSESSMENT CREDIT .
(a) Definitions.
In this subsection:
1.
“Claimant” means a person who files a claim under this subsection.
2.
“Disability insurer” means an insurer classified as a disability insurer under s.
646.51 (3) (bm) 2.
(b) Filing claims.
Subject to the limitations provided under this subsection, for taxable years beginning after December 31, 2026, a claimant may claim as a credit against the taxes imposed under s.
71.23, for the taxable year following the taxable year that a claimant pays an assessment under s.
646.51 (3) (bm), and for - 2026 Legislature - 7 - LRB-5551/1 EKL&KP:cdc SENATE BILL 684 S ECTION 10 the immediately following 4 taxable years, an amount equal to 20 percent of the assessment under s.
646.51 (3) (bm) paid by the claimant.
(c) Limitations.
1.
A partnership, limited liability company, or tax-option corporation, including a partnership, limited liability company, or tax-option corporation that makes an election under s.
71.21 (6) (a) or 71.365 (4m) (a) to be taxed at the entity level, may claim the credit under par.
(b).
2.
A partnership’s partners, limited liability company’s members, and tax- option corporation’s shareholders may not claim the credit under par.
(b).
(d) Administration.
1.
Subsection (4) (e), (g), and (h), as it applies to the credit under sub.
(4), applies to the credit under this subsection.
2.
If the claimant is a disability insurer and if the allowable amount of the claim under par.
(b) exceeds the tax otherwise due under s.
71.23 or 71.365 (4m) (a), the amount of the claim not used to offset the tax due shall be certified by the department of revenue to the department of administration for payment to the claimant by check, share draft, or other draft drawn from the appropriation account under s.
20.835 (2) (de).
Notwithstanding s.
71.82 (1) (b), no interest shall be added to amounts certified under this subdivision.
S ECTION 11.
71.30 (3) (dh) of the statutes is created to read:
71.30 (3) (dh) Long-term care insurance assessment credit under s.
71.28 (12), except as provided under par.
(f).
S ECTION 12.
71.30 (3) (f) of the statutes, as affected by 2025 Wisconsin Act 15, is amended to read:
71.30 (3) (f) The total of farmland preservation credit under subch.
IX, jobs credit under s.
71.28 (3q), enterprise zone jobs credit under s.
71.28 (3w), electronics - 2026 Legislature - 8 - LRB-5551/1 EKL&KP:cdc SENATE BILL 684 S ECTION 12 and information technology manufacturing zone credit under s.
71.28 (3wm), long- term care insurance assessment credit under s.
71.28 (12) (d) 2., business development credit under s.
71.28 (3y), research credit under s.
71.28 (4) (k) 1., film production services credit under s.
71.28 (5f) (b) 2., and estimated tax payments under s.
71.29.
S ECTION 13.
71.34 (1k) (g) of the statutes, as affected by 2025 Wisconsin Act 15, is amended to read:
71.34 (1k) (g) An addition shall be made for credits computed by a tax-option corporation under s.
71.28 (1dm), (1dx), (1dy), (3), (3g), (3h), (3n), (3q), (3t), (3w), (3wm), (3y), (4), (5), (5f), (5g), (5h), (5i), (5j), (5k), (5r), (5rm), (6n), and (10), and (12) and passed through to shareholders.
S ECTION 14.
71.365 (4m) (d) 2.
of the statutes is amended to read:
71.365 (4m) (d) 2.
Except as provided in s.
71.07 (7) (b) 3.
and (12) (c) 2., 71.28 (12) (c) 2., and 71.47 (12) (c) 2., the tax credits under this chapter may not be claimed by the tax-option corporation.
S ECTION 15.
71.45 (2) (a) 10.
of the statutes, as affected by 2025 Wisconsin Act 15, is amended to read:
71.45 (2) (a) 10.
By adding to federal taxable income the amount of credit computed under s.
71.47 (1dm) to (1dy), (3g), (3h), (3n), (3q), (3w), (3y), (5f), (5g), (5h), (5i), (5j), (5k), (5r), (5rm), (6n), and (10), and (12) and not passed through by a partnership, limited liability company, or tax-option corporation that has added that amount to the partnership’s, limited liability company’s, or tax-option corporation’s income under s.
71.21 (4) or 71.34 (1k) (g) and the amount of credit computed under s.
71.47 (3), (3t), (4), (4m), and (5).
- 2026 Legislature - 9 - LRB-5551/1 EKL&KP:cdc SENATE BILL 684 S ECTION 16 S ECTION 16.
71.47 (12) of the statutes is created to read:
71.47 (12) ONG TERM CARE INSURANCE ASSESSMENT CREDIT .
(a) Definitions.
In this subsection:
1.
“Claimant” means a person who files a claim under this subsection.
2.
“Disability insurer” means an insurer classified as a disability insurer under s.
646.51 (3) (bm) 2.
(b) Filing claims.
Subject to the limitations provided under this subsection, for taxable years beginning after December 31, 2026, a claimant may claim as a credit against the taxes imposed under s.
71.43, for the taxable year following the taxable year that a claimant pays an assessment under s.
646.51 (3) (bm), and for the immediately following 4 taxable years, an amount equal to 20 percent of the assessment under s.
646.51 (3) (bm) paid by the claimant.
(c) Limitations.
1.
A partnership, limited liability company, or tax-option corporation, including a partnership, limited liability company, or tax-option corporation that makes an election under s.
71.21 (6) (a) or 71.365 (4m) (a) to be taxed at the entity level, may claim the credit under par.
(b).
2.
A partnership’s partners, limited liability company’s members, and tax- option corporation’s shareholders may not claim the credit under par.
(b).
(d) Administration.
1.
Section 71.28 (4) (e), (g), and (h), as it applies to the credit under s.
71.28 (4), applies to the credit under this subsection.
2.
If the claimant is a disability insurer and if the allowable amount of the claim under par.
(b) exceeds the tax otherwise due under s.
71.43 or no tax is due under s.
71.43, the amount of the claim not used to offset the tax due shall be certified by the department of revenue to the department of administration for - 2026 Legislature - 10 - LRB-5551/1 EKL&KP:cdc SENATE BILL 684 S ECTION 16 payment to the claimant by check, share draft, or other draft drawn from the appropriation account under s.
20.835 (2) (de).
Notwithstanding s.
71.82 (1) (b), no interest shall be added to amounts certified under this subdivision.
S ECTION 17.
71.49 (1) (dh) of the statutes is created to read:
71.49 (1) (dh) Long-term care insurance assessment credit under s.
71.47 (12), except as provided under par.
(f).
S ECTION 18.
71.49 (1) (f) of the statutes, as affected by 2025 Wisconsin Act 15, is amended to read:
71.49 (1) (f) The total of farmland preservation credit under subch.
IX, jobs credit under s.
71.47 (3q), enterprise zone jobs credit under s.
71.47 (3w), business development credit under s.
71.47 (3y), research credit under s.
71.47 (4) (k) 1., film production services credit under s.
71.47 (5f) (b) 2., long-term care insurance assessment credit under s.
71.47 (12) (d) 2., and estimated tax payments under s.
71.48.
S ECTION 19.
76.633 of the statutes is created to read:
76.633 Long-term care insurance assessment credit.
(1) D EFINITIONS.
In this section:
(a) “Claimant” means a person who files a claim under this section.
(b) “Disability insurer” means an insurer classified as a disability insurer under s.
646.51 (3) (bm) 2.
(2) FILING CLAIMS.
Subject to the limitations under this section, for taxable years beginning after December 31, 2026, a claimant may claim as a credit against the fees due under s.
76.63, 76.65, 76.66, or 76.67, for the taxable year following the taxable year that a claimant pays an assessment under s.
646.51 (3) (bm), and for - 2026 Legislature - 11 - LRB-5551/1 EKL&KP:cdc SENATE BILL 684 S ECTION 19 the immediately following 4 taxable years, an amount equal to 20 percent of the assessment under s.
646.51 (3) (bm) paid by the claimant.
(3) LIMITATIONS.
(a) A partnership, limited liability company, or tax-option corporation, including a partnership, limited liability company, or tax-option corporation that makes an election under s.
71.21 (6) (a) or 71.365 (4m) (a) to be taxed at the entity level, may claim the credit under par.
(b).
(b) A partnership’s partners, limited liability company’s members, and tax- option corporation’s shareholders may not claim the credit under sub.
(2).
(4) REFUND PAYMENTS ;DISABILITY INSURER.
If the claimant is a disability insurer and if the allowable amount of the claim under sub.
(2) exceeds the fees otherwise due under s.
76.63, 76.65, 76.66, or 76.67 or no fee is due under s.
76.63, 76.65, 76.66, or 76.67, the amount of the claim not used to offset the fees due shall be certified by the office of the commissioner of insurance to the department of administration for payment to the claimant by check, share draft, or other draft drawn from the appropriation account under s.
20.835 (2) (de).
S ECTION 20.
76.67 (1) of the statutes is amended to read:
76.67 (1) In this section, “taxes” means the taxes imposed on foreign insurers under ss.
76.60, 76.63, 76.65 (2) and 601.93 less offsets allowed against those taxes under s.
646.51 (7) (b) or the amounts imposed on domestic insurers by another state for similar purposes.
S ECTION 21.
76.67 (2) of the statutes is amended to read:
76.67 (2) If any domestic insurer is licensed to transact insurance business in another state, this state may not require similar insurers domiciled in that other state to pay taxes greater in the aggregate than the aggregate amount of taxes that - 2026 Legislature - 12 - LRB-5551/1 EKL&KP:cdc SENATE BILL 684 S ECTION 21 a domestic insurer is required to pay to that other state for the same year less the credits under ss.
76.633, 76.635, 76.636, 76.637, 76.638, and 76.655, except that the amount imposed shall not be less than the total of the amounts due under ss.
76.65 (2) and 601.93 and, if the insurer is subject to s.
76.60, 0.375 percent of its gross premiums, as calculated under s.
76.62, less offsets allowed under s.
646.51 (7) or under ss.
76.633, 76.635, 76.636, 76.637, 76.638, 76.639, and 76.655 against that total, and except that the amount imposed shall not be less than the amount due under s.
601.93.
S ECTION 22.
646.03 (3m) of the statutes is created to read:
646.03 (3m) “Long-term care insurance policy" has the meaning given in s.
600.03 (28g).
S ECTION 23.
646.11 (2) of the statutes is amended to read:
646.11 (2) A CCOUNTS .
The fund shall be composed of 5 6 segregated accounts, one for life insurance and annuities, one for disability insurance other than policies issued or coverage provided by a health maintenance organization insurer, one for health maintenance organization insurers, one for long-term care insurance, one for all other kinds of insurance subject to this chapter, and an administrative account.
S ECTION 24.
646.51 (3) (am) of the statutes is amended to read:
646.51 (3) (am) General.
Except as provided in pars.
(ar), (b), (bm), and (c), the board shall calculate the assessments as a percentage of premiums written in this state by each insurer in the classes protected by the accounts under s.
646.11 (2) for the year immediately preceding the year in which the board authorizes the assessment.
- 2026 Legislature - 13 - LRB-5551/1 EKL&KP:cdc SENATE BILL 684 S ECTION 25 S ECTION 25.
646.51 (3) (bm) of the statutes is created to read:
646.51 (3) (bm) Long-term care.
1.
Except as provided in par.
(c), with respect to the long-term care insurance account under s.
646.11 (2), the board shall calculate the assessments against life, annuity, and disability premiums written in this state, including disability premiums written by health maintenance organization insurers, as set forth in subds.
2.
and 3.
2.
a.
The board shall calculate the percentage of life insurance, annuity contract, and disability insurance premiums written by each life insurer and by each disability insurer, including health maintenance organization insurers, to which this chapter applies.
The calculation shall be based on each insurer’s total life insurance, annuity contract, and disability insurance premiums written in this state for the year preceding the year in which the assessment is authorized by the board, provided that the board’s calculations under subd.
2.
b., c., and d.
excludes long-term care and disability income insurance premiums.
b.
If the percentage of life insurance and annuity contract premiums written in this state by an insurer exceeds 50 percent of the insurer’s total life insurance, annuity contract, and disability insurance premiums written in this state for the year preceding the year in which the assessment is authorized by the board, the insurer shall be classified as a life insurer.
c.
If the percentage of disability insurance premiums, including premiums on products issued by health maintenance organization insurers, written in this state by an insurer exceeds 50 percent of the insurer’s total life insurance, annuity contract, and disability insurance premiums written in this state for the year - 2026 Legislature - 14 - LRB-5551/1 EKL&KP:cdc SENATE BILL 684 S ECTION 25 preceding the year in which the assessment is authorized by the board, the insurer shall be classified as a disability insurer.
d.
If the percentage of life insurance and annuity contract premiums and the percentage of disability insurance premiums written in this state by an insurer each equal 50 percent of the insurer’s total life insurance, annuity contract, and disability insurance premiums written in this state for the year preceding the year in which the assessment is authorized by the board, the insurer will be assigned the classification with the lower assessment base as determined under subd.
3.
e.
If an insurer issues only disability income products or only long-term care insurance products in this state for the year preceding the year in which the assessment is authorized by the board, the insurer shall be classified as a disability insurer.
3.
a.
The board shall allocate 50 percent of the total assessment authorized by the board for the long-term care insurance account pursuant to sub.
(1m) to life insurers under subd.
2.
and the board shall allocate 50 percent of the total assessment authorized by the board for the long-term care insurance account pursuant to sub.
(1m) to disability insurers under subd.
2.
b.
The board shall calculate the allocations for each insurer under subd.
3.
a.
as a percentage of the total premiums written in this state by insurers in the classes described under subd.
2.
for the year preceding the year in which the assessment is authorized by the board.
If the assessment data for the year immediately preceding the year in which the board authorizes the assessment is not available when the assessment is called, the board may use the assessment data for the most recent year for which data is available.
- 2026 Legislature - 15 - LRB-5551/1 EKL&KP:cdc SENATE BILL 684 S ECTION 25 4.
Upon an insurer’s payment of an assessment imposed under this paragraph, the fund shall require the insurer to elect to claim one of the following:
a.
Income and franchise tax credits under s.
71.07 (12), 71.28 (12), or 71.47 (12).
b.
Insurer license fee credits under s.
76.633.
5.
If an insurer elects to claim income and franchise tax credits described in subd.
4.
a., no later than 60 days after an assessment imposed under this paragraph is collected from the insurer, the fund shall issue to the insurer a certification of the amount of the assessment that the insurer may claim as eligible for the credit under s.
71.07 (12), 71.28 (12), or 71.47 (12).
6.
The fund shall certify the amount of the assessment imposed on an insurer under this paragraph that the insurer may claim as eligible for the credit under s.
71.07 (12), 71.28 (12), 71.47 (12), or 76.No later than 60 days after the collection of an assessment imposed on insurers under this paragraph, the fund shall provide to the office and the department of revenue a certification of all of the following:
a.
The amount of the assessment that each insurer may claim as eligible for the credit under s.
71.07 (12), 71.28 (12), 71.47 (12), or 76.633.
b.
The election made by each insurer under subd.
4.
S ECTION 26.
646.51 (4) (a) of the statutes is amended to read:
646.51 (4) (a) Subject to pars.
(b) and (d), the total of all assessments for an amount authorized by the board under this section with respect to an insurer may not, in one calendar year, exceed 2 percent of the insurer’s assessable premiums - 2026 Legislature - 16 - LRB-5551/1 EKL&KP:cdc SENATE BILL 684 S ECTION 26 under sub.
(3) (am), (ar), or (b), or (bm) on the types of policies and contracts that are covered by the account.
S ECTION 27.
646.51 (7) (b) of the statutes is amended to read:
646.51 (7) (b) If Except as provided in par.
(bm), if the premium rates on a class of business are fixed, so that it is not possible for an insurer to recoup its assessments by increasing premium rates on the class of business, the insurer may offset 20 percent of the amount of the Wisconsin portion of the assessment against its tax liabilities to this state, other than real property taxes, the tax imposed under s.
71.43, 76.63, 76.65, 76.66, or 76.67 in each of the 5 calendar years following the year in which the assessment was paid.
S ECTION 28.
646.51 (7) (bm) of the statutes is created to read:
646.51 (7) (bm) 1.
An insurer that pays an assessment under s.
646.51 (3) (bm) may claim a tax credit under s.
71.07 (12), 71.28 (12), 71.47 (12), or 76.633.
2.
An insurer that claims a tax credit under s.
71.07 (12), 71.28 (12), or 71.47 (12) for a taxable year may not claim a credit under s.
76.633 for the same taxable year.
S ECTION 29.
Effective dates.
This act takes effect on July 1, 2026, except as follows:
(1) The treatment of ss.
646.03 (3m) and 646.11 (2) take effect on the day after publication.
(END)
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Action History

  1. Failed to pass pursuant to Senate Joint Resolution 1

  2. Available for scheduling

  3. Report passage as amended recommended by Joint Committee on Finance, Ayes 15, Noes 0

  4. Report adoption of Senate Amendment 1 recommended by Joint Committee on Finance, Ayes 15, Noes 0

  5. Executive action taken

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

  7. Available for scheduling

  8. Report passage as amended recommended by Committee on Insurance, Housing, Rural Issues and Forestry, Ayes 5, Noes 0

  9. Report adoption of Senate Amendment 1 recommended by Committee on Insurance, Housing, Rural Issues and Forestry, Ayes 5, Noes 0

  10. Executive action taken

  11. Public hearing held

  12. Senate Amendment 1 offered by Senator Stafsholt

  13. Fiscal estimate received

  14. Representative Bare added as a cosponsor

  15. Fiscal estimate received

  16. Read first time and referred to Committee on Insurance, Housing, Rural Issues and Forestry

  17. Introduced by Senators Stafsholt, Wall and Dassler-Alfheim; cosponsored by Representatives Petersen, Doyle, Gundrum, Kaufert, Kreibich, O'Connor, Piwowarczyk and Subeck

Sponsors

  • Petersen · Cosponsor
  • Doyle · Cosponsor
  • Gundrum · Cosponsor
  • Kaufert · Cosponsor
  • Kreibich · Cosponsor
  • O'Connor · Cosponsor
  • Piwowarczyk · Cosponsor
  • Subeck · Cosponsor
  • Rob Stafsholt · Primary
  • Jamie Wall · Cosponsor
  • Kristin Dassler-Alfheim · Cosponsor

Sponsorship breakdown

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1 sponsors · 10 co-sponsors · 121 not signed on

Sponsors (1)

Co-sponsors (10)

Not signed on (121)

121 members have not signed on to this bill.

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"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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Frequently asked questions

What does SB 684 do?
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;
Who sponsors SB 684?
SB 684 is sponsored by Petersen, Doyle, Gundrum, Kaufert, Kreibich, O'Connor, Piwowarczyk, Subeck, Stafsholt, Rob (Republican), Wall, Jamie (Democrat), and Dassler-Alfheim, Kristin (Democrat).
What is the current status of SB 684?
This bill has been introduced in the Senate. Introduced December 02, 2025. It must pass committee before a floor vote.
Where can I track SB 684?
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