Relating to: a premium assistance individual income tax credit and making an appropriation. (FE)
Wisconsin bill creates income tax credit for health insurance premium costs with dedicated state appropriation to offset household healthcare expenses.
Wisconsin bill creates income tax credit for health insurance premium costs with dedicated state appropriation to offset household healthcare expenses.
SB 1091 establishes a premium assistance individual income tax credit in Wisconsin and appropriates funds to support it. The bill, sponsored by Democratic legislators, aims to provide tax relief to individuals based on health insurance premium payments. The specific mechanics of the credit—including eligibility thresholds, credit amounts, and qualifying premium types—are not detailed in the available information.
Health insurance premiums represent a significant expense for many Wisconsin households, and tax credits can effectively reduce out-of-pocket healthcare costs. This bill could make health insurance more affordable for eligible residents, potentially increasing coverage rates and improving access to care. The appropriation indicates a dedicated funding mechanism rather than reliance on general revenue.
Compiled from official sources — confirm details with the bill’s official record.
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