Bill
Bill > SB482
summary
Introduced
10/02/2025
10/02/2025
In Committee
01/14/2026
01/14/2026
Crossed Over
11/18/2025
11/18/2025
Passed
01/22/2026
01/22/2026
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
AN ACT to repeal 71.28 (5b) (d) 1. and 71.47 (5b) (d) 1.; to renumber and amend 71.07 (4n) (d) and 71.28 (5) (b); to amend 71.07 (2dm) (h), 71.07 (2dx) (e) 1., 71.07 (2dy) (d) 1., 71.07 (3g) (c), 71.07 (3h) (d) 1., 71.07 (3n) (f), 71.07 (4k) (e) 2. b., 71.07 (5b) (d) 1., 71.07 (5d) (d) 2., 71.07 (5g) (d) 1., 71.07 (5i) (d), 71.07 (5j) (d) 1., 71.07 (5k) (d), 71.07 (5n) (d) 1., 71.07 (5r) (d) 1., 71.07 (5rm) (d) 1., 71.07 (6n) (d) 1., 71.07 (8b) (e), 71.07 (9m) (e), 71.07 (9r) (g), 71.07 (10) (d), 71.28 (1dm) (h), 71.28 (1dx) (e) 1., 71.28 (1dy) (d) 1., 71.28 (3g) (c), 71.28 (3h) (d) 1., 71.28 (3n) (f), 71.28 (4) (f), 71.28 (4) (k) 2., 71.28 (5g) (d) 1., 71.28 (5i) (d), 71.28 (5j) (d) 1., 71.28 (5k) (d), 71.28 (5n) (d) 1., 71.28 (5r) (d) 1., 71.28 (5rm) (d) 1., 71.28 (6) (e), 71.28 (6n) (d) 1., 71.28 (8b) (e), 71.28 (10) (d), 71.47 (1dm) (h), 71.47 (1dx) (e) 1., 71.47 (1dy) (d) 1., 71.47 (3g) (c), 71.47 (3h) (d) 1., 71.47 (3n) (f), 71.47 (4) (f), 71.47 (4) (k) 2., 71.47 (5g) (d) 1., 71.47 (5i) (d), 71.47 (5j) (d) 1., 71.47 (5k) (d), 71.47 (5r) (d) 1., 71.47 (5rm) (d) 1., 71.47 (6) (e), 71.47 (6n) (d) 1., 71.47 (8b) (e) and 71.47 (10) (d); to create 71.07 (4n) (d) 2., 71.28 (5) (b) 2., 71.28 (5b) (e), 71.28 (5b) (f), 71.28 (5b) (g), 71.28 (5b) (h), 71.47 (5b) (e), 71.47 (5b) (f), 71.47 (5b) (g) and 71.47 (5b) (h) of the statutes; relating to: increasing the carryover period of the research income tax credit.
AI Summary
This bill aims to extend the period during which businesses can carry forward unused research income tax credits, meaning they can apply these credits to future tax years for a longer duration. Specifically, it increases the carryover period from 15 years to 50 years for certain research and development expenses, allowing businesses more time to utilize these tax benefits. The bill also makes various technical amendments to existing statutes to reflect this change and ensure consistent application of the extended carryover period across different tax credit provisions.
Committee Categories
Budget and Finance
Sponsors (21)
Mary Felzkowski (R)*,
Dan Feyen (R)*,
Jodi Habush Sinykin (D)*,
Van Wanggaard (R)*,
David Armstrong (R),
Mark Born (R),
Calvin Callahan (R),
Barbara Dittrich (R),
Brent Jacobson (R),
Dan Knodl (R),
Rob Kreibich (R),
Paul Melotik (R),
Dave Murphy (R),
Jeff Mursau (R),
William Penterman (R),
Jim Piwowarczyk (R),
David Steffen (R),
Lisa Subeck (D),
Rob Swearingen (R),
Robert Wittke (R),
Shannon Zimmerman (R),
Last Action
Report correctly enrolled (on 01/22/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://docs.legis.wisconsin.gov/2025/proposals/reg/sen/bill/sb482 |
| BillText | https://docs.legis.wisconsin.gov/document/enrolledbills/2025/REG/SB482.pdf |
| SB482 ROCP for Committee on Agriculture and Revenue On 11/6/2025 | https://docs.legis.wisconsin.gov/2025/related/records/senate/agriculture_and_revenue/1952825.pdf |
| Fiscal Note - SB482: Fiscal Estimate From DOR | https://docs.legis.wisconsin.gov/2025/related/fe/sb482/sb482_dor.pdf |
| BillText | https://docs.legis.wisconsin.gov/document/proposaltext/2025/REG/SB482.pdf |
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