WI AB204

Creates a refundable income and franchise tax credit equal to 30% of eligible wages and 30% of eligible expenditures for developing, producing, or creating video games in Wisconsin, effective for taxable years beginning after December 31, 2024

Defines "video game product or platform" as electronic games developed for commercial distribution and entertainment, excluding social media, gambling products, obscene content, political/religious/educational products, streaming platforms, and advertising-embedded games

Excludes from eligible expenditures: royalties, profit-sharing payments, capital expenditures, copyright/trademark purchases, management and administrative costs, marketing expenses, food and entertainment, and loan interest

Requires claimants to maintain a physical business location in Wisconsin, own or actively seek a copyright in a video game, and submit an independent CPA audit of eligible expenditures and wages to the Department of Revenue

Creates a sum sufficient appropriation to fund refund payments when the credit exceeds the claimant's tax liability