Relating to: creating an individual income tax deduction for certain income earned by an individual from the practice of psychiatry or from providing psychiatric or mental health services. (FE)

AB 76 creates a state income tax deduction for Wisconsin psychiatrists and psychiatric mental health nurse practitioners. It allows eligible professionals to deduct up to $100,000 annually from their taxable income if they practice outside medically underserved areas, or up to $200,000 if they work in such areas (as defined by statute). The deduction applies only to income earned from their specific practice in Wisconsin and is limited to 5 consecutive taxable years, starting within 2 years of beginning or returning to practice in the state. To qualify, practitioners must be licensed and certified as specified in the bill, with the higher deduction requiring service in designated underserved regions.