Bill > AB657

This bill creates a new provision in Wisconsin statutes to exempt certain purchases from sales and use taxes, specifically for projects focused on nuclear fusion technology. This exemption applies to tangible personal property, which refers to physical items, and property used in construction that is directly and exclusively used for a nuclear fusion technology project at its specific location. This also covers items purchased by construction contractors who then transfer them to customers as part of building or improving real property for these projects. The bill defines a "nuclear fusion technology project" broadly to include any endeavor aimed at controlled fusion of atomic nuclei or related research, encompassing applications like energy generation, propulsion, materials research, medical isotope production, and plasma physics. This exemption is set to expire on December 31, 2076, and will take effect on the first day of the third month after the bill is published.

Budget and Finance

https://docs.legis.wisconsin.gov/2025/proposals/reg/asm/bill/ab657