The Wisconsin State Assembly recently approved a $2.1 billion tax cut package with largely partisan support. The legislation, pushed by Republicans who control the Assembly 64-35, faces an uncertain future as it heads to the also Republican-controlled State Senate for consideration. If passed by the Senate, it remains unclear which, if any, of the bills contained in the package Democratic Governor Tony Evers would sign.

The tax package contains four bills:

1)    Assembly Bill 1020 - Expands the second-lowest income tax bracket. The bill would expand the amount of income covered by the state’s second-lowest tax bracket of 4.4% benefiting nearly half of all taxpayers. For married joint filers, that bracket covers income between $19,090 and $38,190 under current law. The bill would expand that to a cap of $150,000, and it would require the Department of Revenue (DOR) to update withholding tables by July 1, 2024.

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The bill introduction deadline has passed in Illinois. Historically, the second year of a General Assembly is less active as to avoid any controversial issues that may harm a legislator within his/her district. That being said, historical norms have been upended recently and the number of controversial bills filed has only increased this year. Additionally, bill deadlines are merely suggestions because new ideas may be included on “shell” bills and amendments. Below is legislation that may impact eHelps members.

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Congratulations to Kendall's Ace as ownership of their Payne Avenue store moves to the next generation!

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