WI SB618

Expands the Wisconsin veterans and surviving spouses property tax credit to allow renters to claim the credit, not just property owners

Defines "rent constituting property taxes" as 20% of annual rent if heat is included, or 25% if heat is not included

Currently, renters can only claim the credit if they pay property taxes directly to the municipality under a written agreement with their landlord

When eligible spouses file separately, each may claim 50% of the total rent constituting property taxes for the principal dwelling

Applies to taxable years beginning on or after January 1, 2026