Creating a refundable individual income tax credit for low-income individuals who receive certain government benefits and making an appropriation. (FE)

What it would have done

Summary by the Legislative Reference Bureau, the Legislature's nonpartisan drafting office. It's their wording, not ours.

This bill creates a refundable individual income tax credit for individuals who are at least 18 years old and not claimed as a dependent on another individual's federal income tax return. To be eligible to claim the credit, the claimant must have received either social security retirement benefits, social security disability insurance benefits, or supplemental security income (collectively, benefit payments) in the taxable year to which the claim relates. If the claimant is married, his or her spouse must also be at least 18 years old.

The amount of the credit that may be claimed each year is the difference between 101 percent of the federal poverty line for a family the size of the claimant's family, and the sum of benefit payments, Wisconsin adjusted gross income, and the dollar value of food stamp benefits, all received by the claimant or by the claimant and his or her spouse, in the taxable year to which the claim relates, except that the sum of these amounts must be positive for a claimant to be able to claim the credit.

Who's behind it

Daniel Riemer, a Democrat, is its author⁠.