2025-2026 Wisconsin Legislature

Assembly Bill 685

An Act to amend 71.07 (5) (a) 3.; to create 71.05 (6) (b) 57. of the statutes; Relating to: individual income tax subtraction for certain theft losses. (FE)

Status: A - Enacted into Law

Important Actions (newest first)

Date / House Action Journal
4/3/2026 Asm.Published 4-4-2026705
3/17/2026 Sen.Read a third time and concurred in, Ayes 33, Noes 0807
2/17/2026 Asm.Read a third time and passed, Ayes 99, Noes 0589

History

Date / House Action Journal
11/26/2025 Asm.Introduced by Representative Swearingen;
cosponsored by Senator Felzkowski
389
11/26/2025 Asm.Read first time and referred to Committee on Ways and Means389
12/19/2025 Asm.Fiscal estimate received 
1/12/2026 Asm.Assembly Substitute Amendment 1 offered by Representative Swearingen430
1/21/2026 Asm.Public hearing held 
2/4/2026 Asm.Executive action taken 
2/4/2026 Asm.Report Assembly Substitute Amendment 1 adoption recommended by Committee on Ways and Means, Ayes 10, Noes 0529
2/4/2026 Asm.Report passage as amended recommended by Committee on Ways and Means, Ayes 10, Noes 0529
2/4/2026 Asm.Referred to committee on Rules529
2/4/2026 Asm.Assembly Amendment 1 to Assembly Substitute Amendment 1 offered by Representative Swearingen524
2/4/2026 Asm.Assembly Substitute Amendment 2 offered by Representative Swearingen524
2/6/2026 Asm.Referred to joint survey committee on Tax Exemptions pursuant to Assembly Rule 45 (4)536
2/6/2026 Asm.Senator Spreitzer added as a cosponsor536
2/9/2026 Asm.Executive action taken by joint survey committee on Tax Exemptions 
2/10/2026 Asm.Report of Joint Survey Committee on Tax Exemptions received, Ayes 9, Noes 0548
2/12/2026 Asm.Representative Snyder added as a coauthor557
2/13/2026 Asm.Withdrawn from Committee on Rules and referred to calendar of 2-17-2026 
2/16/2026 Asm.Representative Ortiz-Velez added as a coauthor579
2/17/2026 Asm.Read a second time589
2/17/2026 Asm.Assembly Substitute Amendment 2 adopted589
2/17/2026 Asm.Ordered to a third reading589
2/17/2026 Asm.Rules suspended589
2/17/2026 Asm.Read a third time and passed, Ayes 99, Noes 0589
2/17/2026 Asm.Ordered immediately messaged589
2/18/2026 Sen.Received from Assembly726
2/20/2026 Sen.Read first time and referred to committee on Senate Organization739
2/20/2026 Sen.Available for scheduling 
2/27/2026 Sen.Withdrawn from committee on Senate Organization and rereferred to joint committee on Finance pursuant to Senate Rule 46(2)(c)756
3/3/2026 Sen.Executive action taken 
3/3/2026 Sen.Report concurrence recommended by Joint Committee on Finance, Ayes 16, Noes 0761
3/3/2026 Sen.Available for scheduling 
3/16/2026 Sen.Public hearing requirement waived by committee on Senate Organization, pursuant to Senate Rule 18 (1m), Ayes 3, Noes 2788
3/16/2026 Sen.Placed on calendar 3-17-2026 pursuant to Senate Rule 18(1)789
3/17/2026 Sen.Read a second time807
3/17/2026 Sen.Ordered to a third reading807
3/17/2026 Sen.Rules suspended to give bill its third reading807
3/17/2026 Sen.Read a third time and concurred in, Ayes 33, Noes 0807
3/17/2026 Sen.Senator Smith added as a cosponsor793
3/17/2026 Sen.Ordered immediately messaged814
3/18/2026 Asm.Received from Senate concurred in665
3/23/2026 Asm.Report correctly enrolled on 3-23-2026689
4/2/2026 Asm.Presented to the Governor on 4-2-2026704
4/3/2026 Asm.Report approved by the Governor on 4-3-2026. 2025 Wisconsin Act 192705
4/3/2026 Asm.Published 4-4-2026705
 
Content subject to change after proofing by Chief Clerk staff.