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
04/09/2026
04/09/2026
Dead
Signed/Enacted/Adopted
04/09/2026
04/09/2026
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, titled "Increasing the carryover period of the research income tax credit," aims to extend the duration for which businesses can carry forward unused research income tax credits. Currently, businesses can carry forward these credits for 15 taxable years, but this bill proposes to increase that period to 50 taxable years. This change is intended to provide businesses with more flexibility and a longer opportunity to utilize these credits, which are designed to incentivize research and development activities. The bill achieves this by amending various sections of Wisconsin statutes related to income and franchise taxes, specifically referencing and modifying provisions concerning the carryover of tax credits, including those related to changes in business ownership.
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
Published 4-9-2026 (on 04/09/2026)
Official Document
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://docs.legis.wisconsin.gov/2025/proposals/reg/sen/bill/sb482 |
| Analysis - 2025 Wisconsin Act 220: LC Act Memo | https://docs.legis.wisconsin.gov/document/lcactmemos/2025/REG/Act%20220.pdf |
| BillText | https://docs.legis.wisconsin.gov/document/acts/2025/220.pdf |
| 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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