WI SB1074

Converts Wisconsin's additional child and dependent care tax credit from nonrefundable to refundable beginning with the 2026 tax year

Claimants whose credit amount exceeds their state income tax liability will receive the difference as a cash refund payment

Credit amount equals 100% of the federal child and dependent care tax credit, calculated using Wisconsin's higher employment-related expense limitations rather than federal limits

Creates a new appropriation account (s. 20.835(2)(cd)) funded at "a sum sufficient" to pay the refundable portion of credits

Refund payments will be issued by the Department of Administration via check or draft, with no interest paid on refund amounts