WI AB369

Creates a nonrefundable Wisconsin state income and franchise tax credit equal to the federal employer-provided child care credit (IRC Section 45F) for taxable years beginning after December 31, 2024

Federal credit allows up to 25% of qualified child care facility acquisition/construction expenditures and 10% of child care resource and referral expenditures, with a maximum credit of $150,000

Credit applies only to child care facilities located in Wisconsin and services provided within the state

Requires claimants to repay the state credit to the Department of Revenue if the child care facility ceases operations within 10 years and the federal credit must be repaid under IRC Section 45F(d)

Applies to individuals, corporations, partnerships, LLCs, and tax-option corporations through amendments to multiple sections of Wisconsin tax statutes