Representative's Advocate for Veterans and Surviving Spouses: Proposed Changes to Property Tax Credit Eligibility

In a significant move to address the needs of eligible veterans and their surviving spouses, Representative Joers is at the forefront of proposed bipartisan amendments to Wisconsin's tax statutes. The bill aims to reduce the eligibility threshold for claiming the veterans and surviving spouses property tax credit under the individual income tax system.

Analysis by the Legislative Reference Bureau:  

The legislative proposal seeks to bring about a substantial reduction in the eligibility threshold for veterans, their spouses, and unremarried surviving spouses to claim the veterans and surviving spouses property tax credit. Currently, eligible claimants must have a service-connected disability rating of 100 percent to qualify for the credit. The proposed bill, however, advocates for a lower threshold, allowing claimants with a service-connected disability rating of at least 70 percent to be eligible for the credit.

This adjustment recognizes the financial challenges faced by veterans and their families and aims to make the tax credit more accessible to those who have served our nation. By lowering the eligibility threshold, the legislationaims to ensure that a broader spectrum of eligible individuals can benefit from the property tax credit.

Key Provisions of the Proposed Bill:

1. Reduced Eligibility Threshold: The bill advocates for a reduction in the eligibility threshold, enabling veterans, their spouses, and unremarried surviving spouses to claim the property tax credit with a service-connected disability rating of at least 70 percent.

2. Maximum Credit Calculation: Under the proposed changes, the maximum credit that a claimant may receive is determined by multiplying the percentage of the claimant's service-connected disability rating. This ensures a fair and proportional distribution of the credit based on the level of disability.

3. Unaffected Claims for Individual Unemployability: The bill specifies that the proposed changes do not affect claimants who base their eligibility on an individual unemployability rating. Individuals with a 100 percent disability rating based on individual unemployability may continue to claim the credit under the current law.

Looking Ahead: Support and Fiscal Considerations

Representative Joers, a strong advocate for veterans and their families, underscores the importance of these changes in providing meaningful support. The proposed amendments aim to enhance accessibility to the veterans and surviving spouses property tax credit, aligning it with the current needs of those who have served in the military.

For more detailed financial considerations and insights, the state and local fiscal estimate, available as an appendix to this bill, provides additional information.

As the legislative process unfolds, Representative Joers and supporters of the bill remain hopeful that these proposed changes will contribute to a fair and equitable system, ensuring that veterans and surviving spouses receive the support they deserve. Stay tuned for further developments on this crucial legislation that aims to make a positive impact on the lives of those who have selflessly served our nation. 

Follow our blog for updates on the current and future legislation regarding veterans. 

John Reuter

USAF Veteran & Founder The Veteran Realtor Podcast