WI SB1091

Creates a refundable state income tax credit for individuals who pay monthly premiums for qualified health plans under the Affordable Care Act, beginning in tax year 2026

Credit amount equals the federal premium assistance (26 USC 36B) the individual would have qualified for during taxable years between January 1, 2021 and January 1, 2026

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

Part-year residents and nonresidents of Wisconsin are ineligible for the credit

Individuals who become eligible again for federal premium assistance credits under 26 USC 36B cannot claim this state credit for tax years after 2025