WI SB261

Removes the restriction preventing veterans and surviving spouses from claiming both the farmland preservation tax credit and the veterans and surviving spouses property tax credit in the same tax year

Amends Wisconsin Statutes section 71.07 (6e) (c) 2. to strike the farmland preservation credit (subchapter IX) from the list of credits that disqualify someone from the veterans property tax credit

Veterans and surviving spouses property tax credit remains a refundable income tax credit equal to property taxes paid on the claimant's principal Wisconsin dwelling

Applies to taxable years beginning on January 1, 2025