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

This bill establishes a state premium assistance tax credit for Wisconsin residents who pay monthly premiums for qualified health plans during the 2026 tax year. The credit allows eligible individuals to claim a refund equal to the federal premium assistance amount they would have qualified for between 2021 and 2025, but only if they are not already eligible for similar federal tax credits. The legislation applies only to full-year residents who file claims within the standard tax filing deadline and requires state funding to cover any credit amounts exceeding the taxpayer's tax liability.