This two-page brief analyzes the effects of not adjusting the credit for inflation between 1990 until 2010. For many years, the Homestead Credit was the only significant part of the state tax code that wasn’t annually indexed for inflation. That was remedied by the last biennial budget bill, but Governor Walker’s proposed budget would repeal indexing
Wisconsin Working Families Will Miss Out on $31 Million in Tax Refunds if Lawmakers Don’t Act
Working families with low incomes could get an economic boost from a tax cut included in the federal COVID-19 package — but in order for them to get the full benefit, state lawmakers need to take action to tweak Wisconsin’s tax code. By not acting, the legislature...