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 bill would let Wisconsin taxpayers subtract qualified tips and overtime pay from their state taxable income, provide an extra $50 million in state aid to school districts each year, and set up a fund for surplus refund payments. It also updates the definition of “income” for tax purposes and makes minor adjustments to school‑aid calculations. The measure failed to pass.

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