WI AB182

Removes the requirement that qualified low-income housing projects be financed with tax-exempt bonds to be eligible for Wisconsin's low-income housing tax credit

Requires WHEDA to allocate at least 35% of annual state tax credits to projects in rural areas (cities, villages, or towns with fewer than 10,000 people located at least 10 miles from any municipality with 50,000+ population), if sufficient qualifying applications are received

Allows insurers who are shareholders of tax-option corporations, partners in partnerships, or members of LLCs to claim the low-income housing tax credit based on eligible costs incurred by those entities

Changes apply to taxable years beginning after December 31, 2024