Relating to: a premium assistance individual income tax credit and making an appropriation. (FE)

Summary

The bill establishes a Premium Assistance Credit that lets Wisconsin taxpayers offset their state income tax by the amount of federal premium assistance they would have received for health‑insurance premiums. It applies only to full‑year residents who paid qualified health‑plan premiums after 2025 and who are not otherwise eligible for the federal credit. Excess credit amounts are paid from a newly created appropriation account, with no interest earned.

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