Skip to content
Bills from the 2023–24 session

Assembly Bill 1021

Increasing and expanding the retirement income subtraction. (FE)

Vetoed by the governor

Both chambers passed it, and the governor vetoed it on Mar 1, 2024. Lawmakers did not ⁠, so it stands.

  1. Introduced, passed

    Jan 29, 2024

  2. Committee, passed

    Approved

  3. Assembly vote, passed

    Passed 64 to 32

  4. Senate vote, passed

    Passed 23 to 9

  5. Governor, stopped here

    Vetoed Mar 1, 2024.

  6. Law, not reached

Latest entry in the official record, May 15, 2024: “Failed to pass notwithstanding the objections of the Governor pursuant to Joint Rule 82”

Read the governor's veto message · All vetoes this session

Read the bill

Following saves it on this device. New actions show on your Following page. You can also get updates in a feed reader.

Embed this on your site

Paste this code into your page. The card shows the latest record each time it loads. Preview the card

What it would have done

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

This bill increases and expands the individual state income tax subtraction for payments or distributions received from qualified retirement plans under the Internal Revenue Code or from certain individual retirement accounts. Under the bill, beginning in tax year 2024, up to $75,000 of payments or distributions received from qualified retirement plans or certain individual retirement accounts may be subtracted annually from an individual's taxable income, if the individual is at least 65 years of age. If the individual and individual's spouse are both at least 65 years of age, the sum of the amount that the couple may subtract annually from their combined taxable income may not exceed $150,000.

Under current law, up to $5,000 of payments or distributions received by certain individuals from qualified retirement plans or from certain individual retirement accounts may be subtracted. To be eligible, the individual must be at least 65 years old and have federal adjusted gross income under $15,000, or under $30,000 if married.

Read the full summary

Because this bill relates to an exemption from state or local taxes, it may be referred to the Joint Survey Committee on Tax Exemptions for a report to be printed as an appendix to the bill.

Who's behind it

44 representatives are its ⁠. 43 are Republicans and 1 is a Democrat.

16 more lawmakers ⁠.

See all 60 names

Authors (44)

Signed on in support (16)

What it would cost

State agencies filed a . Each opens as a PDF from the Legislature.

Versions and amendments

Every text the Legislature printed for this bill, including proposed changes. Each opens on the Legislature's site.

How lawmakers voted

There were 5 votes on this bill.

Joint Committee on Finance vote to recommend it

Passed, 11 to 4 · Feb 8, 2024

No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.

Official motion: “Report passage recommended by Joint Committee on Finance, Ayes 11, Noes 4”. Official record · This vote on its own page

Assembly vote to pass it

Passed, 64 to 32 · Feb 13, 2024 · 3 didn't vote

See how each of the 99 representatives voted

D: Democrat, R: Republican

Yes (64)

Didn't vote (3)

Official motion: “PASSAGE”. Official record · This vote on its own page

Senate vote

Passed, 3 to 2 · Feb 19, 2024

No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.

Official motion: “Public hearing requirement waived by committee on Senate Organization, pursuant to Senate Rule 18 (1m), Ayes 3, Noes 2”. Official record · This vote on its own page

Senate vote on an amendment

Passed, 22 to 10 · Feb 20, 2024

No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.

Official motion: “Senate Amendment 1 rejected, Ayes 22, Noes 10”. Official record · This vote on its own page

Senate vote to pass it

Passed, 23 to 9 · Feb 20, 2024

See how each of the 32 senators voted

D: Democrat, R: Republican

Official motion: “CONCURRENCE”. Official record · This vote on its own page

What happened

  1. May 15, 2024

    The veto stood. Lawmakers didn't override it.

  2. Mar 13, 2024

    Sent to the Assembly Committee on Rules.

  3. Mar 1, 2024

    The governor vetoed it.

  4. Feb 27, 2024

    Sent to the governor.

  5. Feb 20, 2024

    The Senate passed it too, 23 to 9.

  6. Feb 19, 2024

    “Public hearing requirement waived by committee on Senate Organization, pursuant to Senate Rule 18 (1m), Ayes 3, Noes 2” (the official wording)

  7. Feb 19, 2024

    Sent to the Senate Committee on Senate Organization.

  8. Feb 15, 2024

    A state agency sent in its estimate of the cost.

  9. Feb 14, 2024

    1 more senator signed on in support.

  10. Feb 14, 2024

    The Senate received it.

  11. Feb 13, 2024

    3 more representatives signed on in support.

  12. Feb 13, 2024

    The Assembly passed it, 64 to 32.

  13. Feb 8, 2024

    “Report of Joint Survey Committee on Tax Exemptions received” (the official wording)

  14. Feb 8, 2024

    Sent to the Assembly Committee on Rules.

  15. Feb 8, 2024

    The committee voted to recommend passing it, 11 to 4.

  16. Feb 1, 2024

    The committee held a public hearing.

  17. Jan 29, 2024

    Sent to the Assembly Committee on Joint Survey Committee on Tax Exemptions.

  18. Jan 29, 2024

    Sent to the Joint Committee on Finance.

  19. Jan 29, 2024

    Introduced in the Assembly.

See the official record, word for word
  1. Jan 29, 2024 · Assembly

    Introduced by Representatives Steffen, Kitchens, Allen, Armstrong, August, Behnke, Binsfeld, Born, Brandtjen, Dittrich, Donovan, Edming, Goeben, Green, Gundrum, Hurd, Katsma, Krug, Kurtz, Macco, Magnafici, Maxey, Melotik, Moses, Murphy, Mursau, Myers, Nedweski, O'Connor, Oldenburg, Penterman, Petryk, Plumer, Rettinger, Schmidt, Schraa, Schutt, Snyder, Sortwell, Spiros, Tranel, Wichgers, Wittke and Swearingen; cosponsored by Senators Cabral-Guevara, Wimberger, Ballweg, Bradley, Jagler, Felzkowski, Feyen, Marklein, Nass, Quinn, Stroebel, Testin, Wanggaard and Tomczyk

  2. Jan 29, 2024 · Assembly

    Read first time and referred to Joint Committee on Finance

  3. Jan 29, 2024 · Assembly

    Read first time and referred to Joint Survey Committee on Tax Exemptions

  4. Feb 1, 2024 · Assembly

    Public hearing held

  5. Feb 7, 2024 · Assembly

    Executive action taken

  6. Feb 8, 2024 · Assembly

    Report passage recommended by Joint Committee on Finance, Ayes 11, Noes 4

  7. Feb 8, 2024 · Assembly

    Referred to committee on Rules

  8. Feb 8, 2024 · Assembly

    Placed on calendar 2-13-2024 by Committee on Rules

  9. Feb 8, 2024 · Assembly

    Executive action taken by joint survey committee on Tax Exemptions

  10. Feb 8, 2024 · Assembly

    Report of Joint Survey Committee on Tax Exemptions received

  11. Feb 13, 2024 · Assembly

    Read a second time

  12. Feb 13, 2024 · Assembly

    Ordered to a third reading

  13. Feb 13, 2024 · Assembly

    Rules suspended

  14. Feb 13, 2024 · Assembly

    Read a third time and passed, Ayes 64, Noes 32

  15. Feb 13, 2024 · Assembly

    Representatives Rozar, Brooks and Bodden added as coauthors

  16. Feb 13, 2024 · Assembly

    Ordered immediately messaged

  17. Feb 14, 2024 · Senate

    Received from Assembly

  18. Feb 14, 2024 · Senate

    Senator Jacque added as a cosponsor

  19. Feb 15, 2024 · Senate

    Fiscal estimate received

  20. Feb 19, 2024 · Senate

    Read first time and referred to committee on Senate Organization

  21. Feb 19, 2024 · Senate

    Available for scheduling

  22. Feb 19, 2024 · Senate

    Public hearing requirement waived by committee on Senate Organization, pursuant to Senate Rule 18 (1m), Ayes 3, Noes 2

  23. Feb 19, 2024 · Senate

    Placed on calendar 2-20-2024 pursuant to Senate Rule 18(1)

  24. Feb 20, 2024 · Senate

    Senate Amendment 1 offered by Senators Wirch, Pfaff, Carpenter, Larson, Hesselbein and Smith

  25. Feb 20, 2024 · Senate

    Read a second time

  26. Feb 20, 2024 · Senate

    Senate Amendment 1 rejected, Ayes 22, Noes 10

  27. Feb 20, 2024 · Senate

    Ordered to a third reading

  28. Feb 20, 2024 · Senate

    Rules suspended to give bill its third reading

  29. Feb 20, 2024 · Senate

    Read a third time and concurred in, Ayes 23, Noes 9

  30. Feb 20, 2024 · Senate

    Ordered immediately messaged

  31. Feb 20, 2024 · Assembly

    Received from Senate concurred in

  32. Feb 21, 2024 · Assembly

    Report correctly enrolled on 2-21-2024

  33. Feb 27, 2024 · Assembly

    Presented to the Governor on 2-27-2024 by directive of the Speaker

  34. Mar 1, 2024 · Assembly

    Report vetoed by the Governor on 3-1-2024

  35. Mar 13, 2024 · Assembly

    Referred to committee on Rules

  36. May 14, 2024 · Assembly

    Placed on calendar 5-14-2024 pursuant to Joint Rule 82 (2)(a)

  37. May 15, 2024 · Assembly

    Failed to pass notwithstanding the objections of the Governor pursuant to Joint Rule 82

Terms on this page

Veto override

Lawmakers can still pass a bill the governor vetoed, but it takes two-thirds of each chamber.

More in the glossary

Legislative Reference Bureau

The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.

Official term: LRB analysis. More in the glossary

Author

A lawmaker who formally puts a bill forward. The text itself is drafted by the Legislative Reference Bureau.

Official term: Author, coauthor. More in the glossary

Signed on in support

Lawmakers who back a bill without being one of its authors, often from the other chamber.

Official term: Cosponsor. More in the glossary

Cost estimate

A state agency's estimate of what a bill would cost or save.

Official term: Fiscal estimate. More in the glossary

Roll call

A vote where each lawmaker's yes or no is recorded by name.

Official term: Roll call vote. More in the glossary

From the Wisconsin Legislature's official record, checked Sep 15, 2026. See the source

Veto override

Lawmakers can still pass a bill the governor vetoed, but it takes two-thirds of each chamber.

More in the glossary

Legislative Reference Bureau

The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.

Official term: LRB analysis

More in the glossary

Author

A lawmaker who formally puts a bill forward. The text itself is drafted by the Legislative Reference Bureau.

Official term: Author, coauthor

More in the glossary

Signed on in support

Lawmakers who back a bill without being one of its authors, often from the other chamber.

Official term: Cosponsor

More in the glossary

Cost estimate

A state agency's estimate of what a bill would cost or save.

Official term: Fiscal estimate

More in the glossary

Roll call

A vote where each lawmaker's yes or no is recorded by name.

Official term: Roll call vote

More in the glossary