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Bills from the 2023–24 session

Senate Bill 456

Expanding the homestead income tax credit. (FE)

Stopped in committee

It never got a ⁠, so it never came up for a vote. To try again, a lawmaker would have to start a new bill.

  1. Introduced, passed

    Sep 29, 2023

  2. Committee, stopped here

    Stopped here. No public hearing was held.

  3. Senate vote, not reached

  4. Assembly vote, not reached

  5. Governor, not reached

  6. Law, not reached

Latest entry in the official record, Apr 15, 2024: “Failed to pass pursuant to ⁠”

It never got a hearing in the Senate Committee on Universities and Revenue. See every bill that never got a hearing this session.

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What it would have done

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

Under current law, the homestead tax credit is a refundable income tax credit that may be claimed by homeowners and renters. The credit is based on the claimant's household income and the amount of property taxes or rent constituting property taxes on his or her Wisconsin homestead. Because the credit is refundable, if the credit exceeds the claimant's income tax liability, he or she receives the excess as a refund check. Under current law, there are three key dollar amounts used when calculating the credit:

1. If household income is $8,060 or less, the credit is 80 percent of the property taxes or rent constituting property taxes. If household income exceeds $8,060, the property taxes or rent constituting property taxes are reduced by 8.785 percent of the household income exceeding $8,060, and the credit is 80 percent of the reduced property taxes or rent constituting property taxes.

Read the full summary

2. The credit may not be claimed if household income exceeds $24,680.

3. The maximum property taxes or rent constituting property taxes used to calculate the credit is $1,460.

Beginning with claims filed for the 2023 tax year, this bill reduces the percentage used for household income over $8,060 from 8.785 to 5.614 percent and increases the maximum income amount from $24,680 to $35,000. The bill also indexes the $8,060, $35,000, and $1,460 amounts for inflation during future tax years.

Who's behind it

10 senators are its ⁠. All 10 are Democrats.

24 more lawmakers ⁠.

See all 34 names

Authors (10)

Signed on in support (24)

What it would cost

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

What happened

  1. Apr 15, 2024

    The session ended, and the bill died with it.

  2. Oct 12, 2023 to Mar 7, 2024

    3 more representatives signed on in support.

  3. Oct 10, 2023

    A state agency sent in its estimate of the cost.

  4. Sep 29, 2023

    Sent to the Senate Committee on Universities and Revenue.

  5. Sep 29, 2023

    Introduced in the Senate.

See the official record, word for word
  1. Sep 29, 2023 · Senate

    Introduced by Senators Spreitzer, L. Johnson, Agard, Carpenter, Hesselbein, Larson, Pfaff, Roys, Taylor and Wirch; cosponsored by Representatives Bare, Riemer, J. Anderson, Andraca, Baldeh, Cabrera, Considine, Goyke, Jacobson, Joers, Madison, Ohnstad, Ortiz-Velez, Palmeri, Ratcliff, Shankland, Sinicki, Snodgrass, Vining, Clancy and Haywood

  2. Sep 29, 2023 · Senate

    Read first time and referred to Committee on Universities and Revenue

  3. Oct 10, 2023 · Senate

    Fiscal estimate received

  4. Oct 12, 2023 · Senate

    Representative Subeck added as a cosponsor

  5. Feb 21, 2024 · Senate

    Representative Emerson added as a cosponsor

  6. Mar 7, 2024 · Senate

    Representative Neubauer added as a cosponsor

  7. Apr 15, 2024 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1

Terms on this page

Committee

A small group of lawmakers that looks at a bill first. Most bills never leave committee.

More in the glossary

Public hearing

A meeting where anyone can speak to a committee about a bill, or send written comments.

More in the glossary

Senate Joint Resolution 1

The session's calendar. Any bill not passed by its last voting day dies.

Official term: Failed to pass pursuant to SJR 1. 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

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

Committee

A small group of lawmakers that looks at a bill first. Most bills never leave committee.

Public hearing

A meeting where anyone can speak to a committee about a bill, or send written comments.

Senate Joint Resolution 1

The session's calendar. Any bill not passed by its last voting day dies.

Official term: Failed to pass pursuant to SJR 1

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

Author

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

Official term: Author, coauthor

Signed on in support

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

Official term: Cosponsor

Cost estimate

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

Official term: Fiscal estimate