Wisconsin Set to Conform with Most Stimulus Law Tax Changes

Wisconsin on Wednesday adopted omnibus legislation to address the Covid-19 pandemic, including language that brings the state’s tax code into conformity with several features of the federal coronavirus response law.

Gov. Tony Evers (D) signed A.B. 1038 soon after it passed the Senate, saying in a statement that it was “finally a step in the right direction, but there is much more work to be done.”

The bill assists taxpayers during the public health crisis by conforming to new federal rules that: exempt certain retirement account distributions from tax; permit deductions for certain charitable contributions; permit loan ...