Senate Bill 664 aims to amend the eligibility criteria for the veterans and surviving spouses property tax credit in Wisconsin by lowering the service-connected disability rating requirement from 100 percent to at least 70 percent. This change allows eligible veterans, their spouses, and unremarried surviving spouses to claim the property tax credit if they meet the new disability rating threshold. The bill also stipulates that the maximum credit amount will be adjusted based on the claimant's service-connected disability rating, ensuring that those with lower ratings still receive a proportional benefit.

Additionally, the bill clarifies that the changes do not impact claimants who qualify for the credit based on individual unemployability ratings. The legal language in the bill includes amendments to sections 71.07 (6e) (a) 2. b. and 71.07 (6e) (a) 3. d., replacing the previous requirement of a 100 percent disability rating with the new threshold of at least 70 percent. Furthermore, a new section, 71.07 (6e) (c) 4., is created to specify how the credit amount will be calculated for claimants with disability ratings below 100 percent.

Statutes affected:
Bill Text: 71.07(6e)(a)2.b, 71.07, 71.07(6e)(a)3.d