WeVote
Log In

Bill

Bill

SB 60

Relating to: expanding the homestead income tax credit. (FE)

2025-2026 Regular Session Introduced by Tim Carpenter and 14 co-sponsors

SB 60 expands Wisconsin's homestead income tax credit to increase tax relief for homeowners, reducing state revenue while lowering property tax burden for eligible residents.

Failed to pass pursuant to Senate Joint Resolution 1
0
WeVote Research Nonpartisan
Bill Summary · SB 60

Legislative bill overview

SB 60 expands Wisconsin's homestead income tax credit, a tax benefit designed to provide relief to homeowners with lower to moderate incomes. The bill increases the value or eligibility parameters of this existing tax credit, making it more generous for qualifying Wisconsin residents.

Why is this important

The homestead credit directly reduces tax liability for eligible homeowners, improving household finances for those with limited incomes. This affects property tax burden—a significant cost for Wisconsin homeowners—and has broader implications for state tax revenue and the progressivity of Wisconsin's tax system.

Potential points of contention

  • State revenue impact: Expanding the credit reduces state tax revenue; the fiscal estimate received suggests measurable cost to the state budget that may require offsetting cuts or revenue increases elsewhere
  • Income eligibility thresholds: Determining who qualifies involves tradeoffs between targeting assistance to lower-income households versus broader middle-class relief
  • Program cost versus other priorities: Limited state resources mean expansion funds cannot be used for education, healthcare, or infrastructure initiatives that some may prioritize differently

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

Sign in to ask a question.