WI SB60

Raises the maximum household income eligibility for Wisconsin's homestead tax credit from $24,680 to $35,000, allowing more homeowners and renters to qualify

Reduces the income phase-out percentage from 8.785% to 5.614% for household income exceeding $8,060, resulting in larger credits for eligible claimants

Implements annual inflation indexing for the $8,060 threshold income, $35,000 maximum income, and $1,460 maximum property tax amounts beginning with tax year 2025

Applies to claims filed starting in 2026 for the 2025 tax year and thereafter