State tax relief for Wisconsin’s active-duty military members could be headed for a vote in the State Senate soon after clearing the Senate Committee on Financial Institutions and Revenue.
The Committee voted unanimously to clear the bill, which was authored by State Senator Andre Jacque of De Pere. Jacque testified to committee members that the measure would significantly increase Wisconsin’s ability to retain and recruit trained military personnel for Wisconsin’s workforce.
Under current law, military personnel are only able to receive the non-refundable armed forces member tax credit and claim a limited benefit of up to $300 dollars for military income for services performed while on active duty stationed outside the United States, and service members who are on active duty but stationed within the United States are unable to receive the same tax credit.
Sen. Jacque said his proposal would bring Wisconsin in line with most of the country.