Wisconsin Modifies Long-Term Care Insurance Assessment

The Wisconsin Governor signed a law concerning the long-term care insurance assessment and tax credit. The law includes: 1) providing criteria for calculating the assessment on life, annuity, and health insurance premiums; and 2) providing a tax offset for insurers’ payments of the assessment, which may be claimed over a five-year period. The law took effect on April 10. [A.B. 699, enacted 04/08/26]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.