Relating to: a premium assistance individual income tax credit and making an appropriation. (FE)
Wisconsin bill creates a state income tax credit to help residents afford health insurance premiums through new appropriated funding.
Wisconsin bill creates a state income tax credit to help residents afford health insurance premiums through new appropriated funding.
AB 1130 establishes a premium assistance individual income tax credit in Wisconsin and allocates state funding to support it. The bill appears designed to help lower-income residents afford health insurance premiums by providing a direct tax credit mechanism. Specific details about income thresholds, credit amounts, and eligible insurance types are not provided in the available information.
Health insurance affordability is a significant barrier to coverage for many Wisconsin residents, particularly those earning too much to qualify for Medicaid but too little to afford marketplace premiums without assistance. A state-level premium tax credit could reduce uninsured rates and provide financial relief, though the actual impact depends heavily on the credit's structure and adequacy. This represents a direct state investment in healthcare access rather than relying solely on federal subsidies.
Compiled from official sources — confirm details with the bill’s official record.
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