Unemployment Assistance Bill Co-Authored by Sen. Smith gets Bipartisan Backing

“I’m glad to know Senate Bill 267 has bipartisan support and is one step closer to getting passed into law,” said Sen. Smith. “This legislation provides a commonsense approach to support Wisconsin workers who have faced employment challenges as a result of the ongoing pandemic. I’m hopeful Senate Bill 267 continues moving forward to help working families in our state recover from the pandemic.”

Senate Bill 267 would exempt up to $10,200 of unemployment compensation benefits received by an individual in both 2020 and 2021 from state income tax. The American Rescue Plan Act of 2021 excludes up to $10,200 of the unemployment compensation benefits received in 2020 for individuals whose adjusted gross income was less than $150,000. This legislation would align Wisconsin’s income tax law with federal tax exemptions.

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