Senate Bill 202 aims to establish regulations regarding local guaranteed income programs in Wisconsin. The bill defines a "guaranteed income program" as one that provides individuals with regular, unearned cash payments that can be used for any purpose, explicitly excluding programs that require work or training. It also defines "political subdivision" to include cities, villages, towns, and counties.

The key provision of the bill prohibits any political subdivision from using its funds—whether from shared revenue, taxes, or fees—to make payments to individuals under a guaranteed income program. This legislative move seeks to restrict the financial involvement of local governments in such programs, thereby limiting their ability to implement guaranteed income initiatives.