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Bill

SB 942

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

2025-2026 Regular Session Introduced by Tim Carpenter and 9 co-sponsors

SB 942 restructures Wisconsin's low-income housing tax credit program to modify allocation, funding, or administration of affordable rental housing development incentives.

Fiscal estimate received
0
WeVote Research Nonpartisan
Bill Summary · SB 942

Legislative bill overview

SB 942 modifies Wisconsin's Low-Income Housing Tax Credit (LIHTC) program, which incentivizes private development of affordable rental housing through federal tax credits. The bill adjusts how these credits are allocated, structured, or administered within the state system. The exact provisions are not detailed in the available information, though the multiple fiscal estimates suggest significant budgetary implications.

Why is this important

The LIHTC is a primary tool for funding affordable housing development nationwide. Changes to Wisconsin's program could affect housing availability and affordability for low-income residents, developer participation in affordable housing projects, and state tax revenue. With broad bipartisan and multiparty sponsorship, the bill appears to address a recognized problem in the current housing credit structure.

Potential points of contention

  • Fiscal impact uncertainty: Multiple fiscal estimates (received over two weeks) suggest disagreement over the bill's cost or complexity in calculating budgetary effects
  • Credit allocation priorities: Changes may shift benefits between urban/rural areas, developers, or specific housing types, creating winners and losers in the development community
  • State revenue trade-offs: Expanding or restructuring credits typically reduces state tax revenue, requiring justification against other budget priorities or revenue sources

Compiled from official sources — confirm details with the bill’s official record.

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