WI AB1130

Creates a refundable state income tax credit for individuals who pay monthly premiums for qualified health plans under the Affordable Care Act, effective for taxable years beginning after December 31, 2025

Credit amount equals the federal premium assistance amount the individual would have been eligible to claim under 26 USC 36B for taxable years between January 1, 2021 and January 1, 2026

Only full-year Wisconsin residents are eligible; part-year residents and nonresidents cannot claim the credit

Individuals become ineligible for the state credit if federal premium assistance credits under 26 USC 36B or similar federal law are restored

Excess credit amounts beyond tax liability will be refunded to the claimant via payment from a newly created appropriation account