What is the First Dollar Credit?

The First Dollar Credit is an expansion of the school tax levy credit. Every taxable parcel in the State of Wisconsin qualifies for the First Dollar Credit provided that the parcel contains a real property improvement. This includes businesses, commercial and private property. Unlike the Lottery and Gaming Credit, the property does not need to be the primary residence of the owner. A personal property improvement is not a qualifier for this credit. Property owners do not have to apply for this credit.