Relating to: modifying the income and franchise tax rate structure for individuals and corporations, creating a school aid fund, supplemental school aid, school district revenue limits, and making an appropriation. (FE)

Summary

The measure adjusts Wisconsin’s income‑tax brackets for individuals and corporations, increasing rates on higher income levels for tax years beginning after 2025. It also establishes a non‑lapsible school aid fund that receives an annual transfer from the general fund and can be used for supplemental school aid, including special‑education programs. The changes affect taxpayers, school districts, and corporations that do business in the state.

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