Wisconsin 2025 Regular Session Status: Introduced 11 D cosponsors

SB 942 — Relating to: changes to the low-income housing 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 February 06, 2026. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Prognosis

Not enough signal yet

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

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Summary

An Act to renumber 76.639 (3); to amend 71.07 (8b) (a) 7., 71.07 (8b) (c) 2., 71.28 (8b) (a) 7., 71.28 (8b) (c) 2., 71.47 (8b) (a) 7., 71.47 (8b) (c) 2., 76.639 (1) (g), 76.67 (2), 234.45 (1) (e) and 234.45 (4); to create 76.639 (3) (b), 234.45 (1) (em) and 234.45 (5m) of the statutes;

Bill Text

How this bill changes current law

4 changes Share ↗

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill increases the annual cap for low-income housing tax credits from $42 million to $100 million and modifies requirements related to eligibility and the claiming process for insurers.

  • 76.639 (1)(g)

    “Qualified development” means a qualified low-income housing project under section 42 (g) of the Internal Revenue Code that is located in this state. → “Qualified development” means a qualified low-income housing project under section 42 (g) of the Internal Revenue Code that is financed with tax-exempt bonds, pursuant to section 42 (i) (2) of the Internal Revenue Code, and located in this state.

    This change specifies that a qualified development must be financed with tax-exempt bonds.

  • 71.07 (8b)(a) 7.

    “Qualified development” means a qualified low-income housing project under section 42 (g) of the Internal Revenue Code that is financed with tax-exempt bonds, pursuant to section 42 (i) (2) of the Internal Revenue Code, and located in this state. → “Qualified development” means a qualified low-income housing project under section 42 (g) of the Internal Revenue Code that is financed with tax-exempt bonds, pursuant to section 42 (i) (2) of the Internal Revenue Code, and located in this state.

    This change reaffirms the requirement for financing with tax-exempt bonds.

  • 71.28 (8b)(a) 7.

    “Qualified development” means a qualified low-income housing project under section 42 (g) of the Internal Revenue Code that is financed with tax-exempt bonds, pursuant to section 42 (i) (2) of the Internal Revenue Code, and located in this state. → “Qualified development” means a qualified low-income housing project under section 42 (g) of the Internal Revenue Code that is financed with tax-exempt bonds, pursuant to section 42 (i) (2) of the Internal Revenue Code, and located in this state.

    This change reiterates the financing requirement for qualified developments.

  • 76.639 (3)

    (3) (b) A partnership, limited liability company, or tax-option corporation may not claim the credit under this section. An insurer, if a partner of a partnership, member of a limited liability company, or shareholder in a tax-option corporation, may claim the credit under this section based on eligible costs incurred by the partnership, limited liability company, or tax-option corporation.

    This provision specifies how insurers can claim the credit based on their partnership or corporate interests.

Action History

  1. Failed to pass pursuant to Senate Joint Resolution 1

  2. Representative J. Jacobson added as a cosponsor

  3. Senator Habush Sinykin added as a coauthor

  4. Fiscal estimate received

  5. Fiscal estimate received

  6. Senator Keyeski added as a coauthor

  7. Fiscal estimate received

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

  9. Introduced by Senators Spreitzer, Wall, Dassler-Alfheim, Ratcliff, Roys, Smith, Carpenter, Hesselbein, Larson and Wirch; cosponsored by Representatives Doyle, Johnson, Arney, Bare, Brown, DeSmidt, Emerson, Fitzgerald, Goodwin, Hysell, Joers, Kirsch, Mayadev, Miresse, Moore Omokunde, Neubauer, Palmeri, Prado, Roe, Sheehan, Sinicki, Snodgrass, Spaude, Stubbs, Subeck, Taylor, Andraca, Haywood, Stroud, Tenorio, Udell and Vining

Sponsors

  • Doyle · Cosponsor
  • Arney · Cosponsor
  • Bare · Cosponsor
  • Brown · Cosponsor
  • DeSmidt · Cosponsor
  • Emerson · Cosponsor
  • Fitzgerald · Cosponsor
  • Goodwin · Cosponsor
  • Hysell · Cosponsor
  • Joers · Cosponsor
  • Kirsch · Cosponsor
  • Mayadev · Cosponsor
  • Miresse · Cosponsor
  • Moore Omokunde · Cosponsor
  • Neubauer · Cosponsor
  • Palmeri · Cosponsor
  • Prado · Cosponsor
  • Roe · Cosponsor
  • Sheehan · Cosponsor
  • Sinicki · Cosponsor
  • Snodgrass · Cosponsor
  • Spaude · Cosponsor
  • Stubbs · Cosponsor
  • Subeck · Cosponsor
  • Taylor · Cosponsor
  • Andraca · Cosponsor
  • Haywood · Cosponsor
  • Stroud · Cosponsor
  • Tenorio · Cosponsor
  • Udell · Cosponsor
  • Vining · Cosponsor
  • Mark Spreitzer · Primary
  • Jamie Wall · Cosponsor
  • Kristin Dassler-Alfheim · Cosponsor
  • Melissa Ratcliff · Cosponsor
  • Kelda Roys · Cosponsor
  • Jeff Smith · Cosponsor
  • Tim Carpenter · Cosponsor
  • Dianne Hesselbein · Cosponsor
  • Chris Larson · Cosponsor
  • Robert Wirch · Cosponsor
  • LaTonya Johnson · Cosponsor

Sponsorship breakdown

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1 sponsors · 41 co-sponsors · 90 not signed on

Sponsors (1)

Co-sponsors (41)

Not signed on (90)

90 members have not signed on to this bill.

Show all 90 →

"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.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation housing health-insurance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 942 do?
An Act to renumber 76.639 (3); to amend 71.07 (8b) (a) 7., 71.07 (8b) (c) 2., 71.28 (8b) (a) 7., 71.28 (8b) (c) 2., 71.47 (8b) (a) 7., 71.47 (8b) (c) 2., 76.639 (1) (g), 76.67 (2), 234.45 (1) (e) and 234.45 (4); to create 76.639 (3) (b), 234.45 (1) (em) and 234.45 (5m) of the statutes;
Who sponsors SB 942?
SB 942 is sponsored by Doyle, Arney, Bare, Brown, DeSmidt, Emerson, Fitzgerald, Goodwin, Hysell, Joers, Kirsch, Mayadev, Miresse, Moore Omokunde, Neubauer, Palmeri, Prado, Roe, Sheehan, Sinicki, Snodgrass, Spaude, Stubbs, Subeck, Taylor, Andraca, Haywood, Stroud, Tenorio, Udell, Vining, Spreitzer, Mark (Democrat), Wall, Jamie (Democrat), Dassler-Alfheim, Kristin (Democrat), Ratcliff, Melissa (Democrat), Roys, Kelda (Democrat), Smith, Jeff (Democrat), Carpenter, Tim (Democrat), Hesselbein, Dianne (Democrat), Larson, Chris (Democrat), Wirch, Robert (Democrat), and Johnson, LaTonya (Democrat).
What is the current status of SB 942?
This bill has been introduced in the Senate. Introduced February 06, 2026. It must pass committee before a floor vote.
Where can I track SB 942?
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Last checked for changes 3 months ago · updated continuously

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