WI AB686

Lowers the service-connected disability rating threshold from 100% to 70% for veterans, their spouses, and unremarried surviving spouses to qualify for the veterans and surviving spouses property tax credit under Wisconsin's individual income tax system

Prorates the credit amount for claimants with disability ratings below 100%, multiplying the maximum credit by the veteran's actual disability rating percentage

Maintains current eligibility for individuals with 100% disability ratings based on individual unemployability, leaving those provisions unchanged

Applies to taxable years beginning January 1 of the year the act takes effect, or January 1 of the following year if enacted after July 31