Assembly Bill 139 proposes the creation of a nonrefundable income tax credit for U.S. citizens who relocated to Wisconsin due to the impacts of Hurricane Helene in 2024 or the Los Angeles wildfires in 2025. The bill establishes a credit amount of $10,000 for individuals who resided in the affected areas of Los Angeles County, California, or North Carolina prior to these disasters. The credit is applicable for the tax year 2025 and includes specific eligibility criteria, such as the requirement that claimants must not have been convicted of a felony and must have filed an income tax return listing a home address in the specified areas during the relevant tax years.

The bill introduces new legal language to the statutes, specifically creating sections 71.07 (12) and 71.10 (4) (ci). Section 71.07 (12) outlines the definitions, filing claims, limitations, and administration of the specified disaster relocation credit, while section 71.10 (4) (ci) references this credit. The legislation aims to provide financial relief to those affected by the specified disasters, encouraging their relocation to Wisconsin.