Relating to: a premium assistance individual income tax credit and making an appropriation. (FE)

This bill creates a new state tax credit to help Wisconsin residents pay for health insurance premiums. It allows individuals who purchase qualified health plans to claim a credit on their state income tax return for the amount they would have received under federal premium assistance rules between 2021 and 2025. The credit is available only to full-year state residents who file their own tax returns and cannot be claimed if the taxpayer already qualifies for similar federal assistance. The legislation also authorizes state funds to pay any portion of the credit that exceeds the taxpayer's state tax liability.