Housing

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 737 allows municipalities to establish neighborhood improvement districts that can impose special property charges to fund infrastructure directly related to residential development within those neighborhoods. Property owners in designated districts would pay these charges, which can be collected in installments over time and included in regular tax bills, rather than requiring delinquency. The bill requires districts to specify exactly which infrastructure projects the funds will support and how charges are calculated per parcel, while allowing exemptions from notice requirements if a single owner holds all properties in the district. This legislation affects local property owners and municipalities by creating a new mechanism for financing neighborhood-specific infrastructure improvements through targeted assessments.

AB 280 amends Wisconsin tax credit rules to allow businesses to claim up to 15% of qualifying investments in workforce housing (for employees) and childcare programs as tax credits. It directly affects businesses that build, rehab, or establish housing/childcare for their employees, including contributions made to third parties like local revolving loan funds. The bill defines "investments" to include both direct capital expenditures and third-party contributions toward these projects. The tax credit applies to taxable years beginning January 1, 2026, and is administered by the Wisconsin Economic Development Corporation.

AB 140 creates a specific exception in Wisconsin statute for Port Washington's Tax Incremental District Number 5, removing a standard 12% limit on the total taxable property value that can be included in such districts. This bill directly affects the city of Port Washington and its Tax Incremental District Number 5, allowing that district to exceed the usual property value cap. The key mechanism is adding a new statutory provision (66.1105 (17) (h)) that explicitly states the 12% limit does not apply to this specific district. The bill was enacted as 2025 Wisconsin Act 16 after approval by the Governor.