Relating to: changes to the low-income housing tax credit. (FE)

Summary

The bill revises several statutes to require that low‑income housing projects eligible for the federal tax credit be financed with tax‑exempt bonds and located in Wisconsin. It bars partnerships, LLCs, and tax‑option corporations from claiming the credit directly, allowing only their individual partners, members, or shareholders to claim their share. The changes also add rules for insurers to claim the credit when they hold an ownership interest.

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