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SB 995

Relating to: funding for individual income tax rebates and making an appropriation. (FE)

2025-2026 Regular Session Introduced by Julian Bradley and 15 co-sponsors

Wisconsin bill SB 995 appropriates funding for individual income tax rebates to residents, advancing through committee with mixed support in early 2026.

Failed to pass pursuant to Senate Joint Resolution 1
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WeVote Research Nonpartisan
Bill Summary · SB 995

Legislative bill overview

SB 995 appropriates funding to provide individual income tax rebates to Wisconsin residents. The bill passed committee recommendation in February 2026 and has moved through initial legislative stages. Specific rebate amounts, eligibility criteria, and funding mechanisms are not detailed in the action summary provided.

Why is this important

Tax rebates directly affect household finances and state revenues, making this a significant fiscal policy measure. The bill's passage through committee suggests bipartisan consideration, though the exact fiscal impact on the state budget and which taxpayers benefit most remains unclear from available information.

Potential points of contention

  • Funding source unclear: The bill appropriates money for rebates but the mechanism for generating or allocating these funds is not specified in available summaries, raising questions about whether this increases the deficit or redirects existing revenues
  • Equity and targeting: Without knowing eligibility thresholds, some may argue rebates benefit certain income groups unfairly while others may contend they don't go far enough for struggling taxpayers
  • Fiscal sustainability: One-time or recurring rebates have different long-term budgetary implications that affect future tax policy and state services funding

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

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