Relating to: an income tax subtraction for qualified tips and for qualified overtime compensation; state aid for school districts; surplus refund payments; increasing funding for special education and school age parents programs; state aid to technical colleges and the technical college district revenue limit; and making an appropriation. (FE)

Summary

The measure lets Wisconsin taxpayers subtract qualified tips and overtime compensation from their state taxable income, adds a $50 million yearly boost to school district aid, and sets up a fund to refund surplus revenues. It also expands the definition of taxable income and makes technical‑college funding adjustments. These changes aim to lower tax burdens for workers and increase resources for schools.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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