WI SB752

Creates the WisKids savings account program requiring the Department of Financial Institutions to establish holding accounts for children born or adopted in Wisconsin to pay for qualified higher education expenses

Deposits at least $25 into accounts for eligible children who are designated as beneficiaries of a Wisconsin 529 college savings account before age 10, with parents receiving notice and a 30-day opt-out period

Caps total annual deposits at $2,000,000 and limits distributions to qualified higher education expenses excluding elementary and secondary school tuition

Removes participants and reallocates funds if no distribution is made before age 21, if funds are not fully distributed within 2 years of first distribution, or if the participant dies or withdraws

Requires implementation within 2 years of the effective date, contingent on funding availability, with the Department of Health Services providing birth record information to DFI at least every 6 months