Skip to content

Bills · 2023-2024 Regular Session

AB 39

Died at session end Official bill text Atom feed

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

Housing Housing and economic development authority wisconsin Income tax — Credit Insurance

  1. Introduced, stopped here
  2. Passes Assembly, not reached
  3. Passes Senate, not reached
  4. Governor signs, not reached
  5. Law, not reached

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

Under current law, the Wisconsin Housing and Economic Development

Authority administers a low-income housing tax credit program. Under that

program, a person may claim as a credit against the person's income or franchise tax

liability, or against the person's liability for fees imposed on an insurer, the amount

allocated by WHEDA in an “allocation certificate” for a qualified low-income housing

project. The annual amount of tax credits WHEDA certifies under the program may

not exceed $42,000,000. The bill increases that annual cap to $100,000,000.

The bill also requires that WHEDA, if possible, ensure that at least 35 percent

of the tax credits it allocates each year under the program are for qualified

low-income housing projects in rural areas in Wisconsin and removes the

requirement that a qualified low-income housing project be financed with

tax-exempt bonds.

Finally, the bill makes a technical change to the credit for insurers so that an

insurer who is a shareholder of a tax-option corporation, a partner of a partnership,

or a member of a limited liability company may claim the credit.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Allen (R) , Armstrong (R) , Dittrich (R) , Edming (R) , Green (R) , Kitchens (R) , Kurtz (R) , Magnafici (R) , Murphy (R) , Mursau (R) , Novak (R) , Snyder (R) , Spiros (R) , Summerfield (R) , Tusler (R) , VanderMeer (R)

10 cosponsors

Bare (D) , Cabrera, C. Anderson, Jacobson and Conley , Callahan (R) , Feyen (R) , Gustafson (R) , Haywood (D) , James (R) , O'Connor (R) , Quinn (R) , Snodgrass (D)

Votes

Assembly: Report Assembly Amendment 1 adoption recommended by Committee on Housing and Real Estate, Ayes 11, Noes 0

Passed 11–0 Jun 7, 2023 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Assembly: Report Assembly Amendment 2 adoption recommended by Committee on Housing and Real Estate, Ayes 11, Noes 0

Passed 11–0 Jun 7, 2023 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Assembly: Report passage as amended recommended by Committee on Housing and Real Estate, Ayes 14, Noes 0

Passed 14–0 Jun 7, 2023 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Full history

  1. Feb 13, 2023 · Assembly

    Introduced by Representatives Armstrong, Kurtz, Allen, Dittrich, Edming, Green, Kitchens, Magnafici, Murphy, Mursau, Novak, Snyder, Spiros, Summerfield, Tusler and VanderMeer; cosponsored by Senators Feyen and Quinn

  2. Feb 13, 2023 · Assembly

    Read first time and referred to Committee on Housing and Real Estate

  3. Feb 15, 2023 · Assembly

    Fiscal estimate received

  4. Feb 20, 2023 · Assembly

    Fiscal estimate received

  5. Mar 8, 2023 · Assembly

    Representative Callahan added as a coauthor

  6. Mar 16, 2023 · Assembly

    Assembly Amendment 1 offered by Representative Armstrong

  7. Mar 17, 2023 · Assembly

    Fiscal estimate received

  8. May 18, 2023 · Assembly

    Public hearing held

  9. May 24, 2023 · Assembly

    Assembly Amendment 2 offered by Representative Armstrong

  10. Jun 6, 2023 · Assembly

    Executive action taken

  11. Jun 7, 2023 · Assembly

    Report Assembly Amendment 1 adoption recommended by Committee on Housing and Real Estate, Ayes 11, Noes 0

  12. Jun 7, 2023 · Assembly

    Report Assembly Amendment 2 adoption recommended by Committee on Housing and Real Estate, Ayes 11, Noes 0

  13. Jun 7, 2023 · Assembly

    Report passage as amended recommended by Committee on Housing and Real Estate, Ayes 14, Noes 0

  14. Jun 7, 2023 · Assembly

    Referred to committee on Rules

  15. Jun 7, 2023 · Assembly

    Placed on calendar 6-14-2023 by Committee on Rules

  16. Jun 8, 2023 · Assembly

    Representative Snodgrass added as a coauthor

  17. Jun 12, 2023 · Assembly

    Representative Bare added as a coauthor

  18. Jun 13, 2023 · Assembly

    Representative O'Connor added as a coauthor

  19. Jun 14, 2023 · Assembly

    Read a second time

  20. Jun 14, 2023 · Assembly

    Representatives Cabrera, C. Anderson, Jacobson and Conley added as coauthors

  21. Jun 14, 2023 · Assembly

    Assembly Amendment 1 adopted

  22. Jun 14, 2023 · Assembly

    Assembly Amendment 2 adopted

  23. Jun 14, 2023 · Assembly

    Ordered to a third reading

  24. Jun 14, 2023 · Assembly

    Rules suspended

  25. Jun 14, 2023 · Assembly

    Read a third time and passed

  26. Jun 14, 2023 · Assembly

    Ordered immediately messaged

  27. Jun 14, 2023 · Senate

    Received from Assembly

  28. Jun 14, 2023 · Senate

    Representative Haywood added as a coauthor

  29. Jun 14, 2023 · Senate

    Read first time and referred to committee on Senate Organization

  30. Jun 14, 2023 · Senate

    Available for scheduling

  31. Nov 7, 2023 · Senate

    Representative Gustafson added as a coauthor

  32. Dec 20, 2023 · Senate

    Senator James added as a cosponsor

  33. Dec 20, 2023 · Senate

    Printed engrossed by the direction of the Senate Chief Clerk-5464

  34. Apr 15, 2024 · Senate

    Failed to concur in pursuant to Senate Joint Resolution 1