Housing

AB 182 amends state tax statutes to clarify how low-income housing tax credits are allocated to owners in multi-entity business structures. It specifies that partnerships, limited liability companies, and tax-option corporations cannot claim the credit directly; instead, partners, members, or shareholders must claim it based on their ownership share or a written agreement. A new provision (76.639(3)(b)) explicitly allows insurers who are partners/members/shareholders to claim credits based on their stake in qualifying housing projects. The bill requires entities to calculate and provide credit allocations to owners, with written agreements needed for non-proportional allocations, and holds individual claimants responsible for tax disputes.

AB 375 modifies Wisconsin's historic rehabilitation tax credit program. It extends the credit to cover rehabilitation work completed after 2025, maintaining a 20% credit on qualified rehabilitation costs (minimum $50,000) for certified historic structures and qualified rehabilitated buildings. The bill adds new certification requirements through the Wisconsin Economic Development Corporation and allows taxpayers to transfer unused credits to other entities subject to state taxes. This directly affects property owners and developers who rehabilitate historic buildings in Wisconsin, providing them with a tax incentive for such projects. The changes align Wisconsin's credit with federal rules while updating eligibility and claim procedures.

AB 597 creates a state matching grant program that provides $25 per day per veteran to eligible housing providers who receive federal per diem payments under 38 USC 2012. It directly affects organizations housing veterans who qualify for federal per diem payments, such as veteran service nonprofits or shelters. The program funds up to 365 days per year per veteran, with quarterly payments based on the previous quarter's housing. Grants are limited to $25/day and require annual applications through the state department.

AB 451 creates new rules for "residential tax incremental districts" (RTIDs) in cities, limiting these districts to 3% of a city's total taxable property value (down from a 12% cap for other districts). It requires RTIDs to fund only infrastructure for residential developments meeting strict size limits: single-family homes under 7,500 sq ft lots, two-family homes under 15,000 sq ft lots, and strict setbacks/sizes for homes (e.g., max 1,500 sq ft for single-story). Project costs are restricted to district-wide infrastructure (like stormwater systems), not individual lots, and must be paid from tax increments or developer financing. The bill directly affects cities creating RTIDs and developers building qualifying residential projects.