Bill > SB291

This bill expands the types of expenses eligible for the business development tax credit by including costs associated with providing child care services for employees, which can now encompass capital expenditures for establishing child care programs, operational expenses, reimbursements to employees for child care costs, purchasing or reserving child care slots, employer contributions to employee dependent care flexible spending accounts, and any other related costs. The bill also clarifies that "eligible employee" for these tax credits will be defined by a specific section of the statutes, and it allows non-profit entities to be certified for these tax benefits. This change aims to encourage businesses to invest in child care solutions for their workforce, with the tax credit generally limited to 15% of the eligible child care costs.

Budget and Finance

https://docs.legis.wisconsin.gov/2025/proposals/reg/sen/bill/sb291