Bill > AB280

This bill modifies the business development tax credit to expand the types of investments that businesses can count towards workforce housing and childcare program development. Specifically, the bill allows businesses to claim tax credits for not just direct capital expenditures, but also for contributions made to third parties responsible for building or rehabilitating workforce housing or establishing childcare programs, including contributions to local revolving loan fund programs. The changes apply to investments made in taxable years beginning after December 31, 2023, with the initial applicability set for taxable years starting January 1, 2026. Each section of the bill amends a different section of Wisconsin statutes to ensure consistent language across tax-related provisions, maintaining the existing 15% investment limit for both workforce housing and childcare program investments. The bill aims to provide more flexibility for businesses in how they can invest in and receive tax credits for supporting workforce housing and childcare infrastructure, potentially encouraging more comprehensive community development efforts.

Budget and Finance

https://docs.legis.wisconsin.gov/2025/proposals/reg/asm/bill/ab280