Senate Bill 1012
Interest rates on late, nondelinquent taxes and on overpayments. (FE)
Topics: Interest, Revenue, Department of, Taxation
Stopped in committee
It never got a , so it never came up for a vote. The last day for votes this session was Mar 19, 2026. To try again, a lawmaker would have to start a new bill.
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Introduced, passed
Feb 12, 2026
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Committee, stopped here
Stopped here. No public hearing was held.
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Senate vote, not reached
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Assembly vote, not reached
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Governor, not reached
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Law, not reached
Latest entry in the official record, Mar 23, 2026: “Failed to pass pursuant to ”
It never got a hearing in the Senate Committee on Agriculture and Revenue. The committee's chair at the time was Patrick Testin. Chairs decide which bills get a hearing. See every bill that never got a hearing this session.
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The same bill was also filed in the Assembly as AB 1026. That version died when the session ended.
Terms on this page
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. 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
What it would have done
Summary by the , the Legislature's nonpartisan drafting office. It's their wording, not ours.
This bill modifies the interest rates applicable to various late, nondelinquent taxes and fees owed to the Department of Revenue and to overpayments for those taxes and fees that are refunded by DOR. Under current law, generally, late, nondelinquent taxes or fees administered by DOR are subject to an interest rate of 12 percent per year, and DOR must pay interest at the rate of 3 percent per year on refunds of overpayments of those taxes or fees. Beginning in 2026, the bill requires DOR to annually determine an interest rate to be used in calculating interest for late, nondelinquent taxes or fees administered by DOR and for refunds of overpayments paid by DOR. The interest rate is based on the effective federal funds rate published by the Federal Reserve Bank of New York for January 2 of the applicable year.
The bill applies to the following taxes and fees: 1) the individual income and corporate income and franchise tax; 2) the withholding tax; 3) the sales and use tax; 4) taxes paid by utilities and insurers; 5) excises taxes on motor vehicle fuel, alcohol beverages, and cigarettes, tobacco, and vapor products; 6) the economic development surcharge; 7) the petroleum inspection fee; 8) the metalliferous mining tax; and 9) the charge imposed by DOR on a city, village, town, or county for the expenses incurred by DOR in examining city, village, town, or county records regarding the assessment of property upon a failure to return information requested by DOR.
Read the full summary Show less
Also, current law requires that an interest rate of 12 percent per year apply to delinquent individual income and corporate income and franchise taxes in instances in which the secretary of revenue determines that reduction from an interest rate of 1.5 percent per month for such delinquent taxes is fair and equitable. The bill requires that the interest rate described above that is determined annually by DOR based on the effective federal funds rate apply to such delinquent taxes in instances in which the secretary determines that the reduction is fair and equitable.
Who's behind it
2 senators are its . All 2 are Republicans.
9 more lawmakers .
See all 11 names Hide the names
Authors (2)
- Howard Marklein · Republican, Senate
- Steve Nass · Republican, Senate
Signed on in support (9)
- Elijah Behnke · Republican, Assembly
- Barbara Dittrich · Republican, Assembly
- Dean Kaufert · Republican, Assembly
- Dan Knodl · Republican, Assembly
- Rob Kreibich · Republican, Assembly
- Dave Murphy · Republican, Assembly
- Jerry O'Connor · Republican, Assembly
- Treig Pronschinske · Republican, Assembly
- Bob Wittke · Republican, Assembly
What it would cost
State agencies filed a . Each opens as a PDF from the Legislature.
What happened
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Mar 23, 2026
The session ended, and the bill died with it.
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Mar 3, 2026
A state agency sent in its estimate of the cost.
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Feb 12, 2026
Sent to the Senate Committee on Agriculture and Revenue.
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Feb 12, 2026
Introduced in the Senate.
See the official record, word for word Hide the official record
- Feb 12, 2026 · Senate
Introduced by Senators Marklein and Nass; cosponsored by Representatives Wittke, Behnke, Dittrich, Kaufert, Knodl, Kreibich, O'Connor, Pronschinske and Murphy
- Feb 12, 2026 · Senate
Read first time and referred to Committee on Agriculture and Revenue
- Mar 3, 2026 · Senate
Fiscal estimate received
- Mar 23, 2026 · 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.
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. 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
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