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WI AB494

Bill

Official Source

Status

Introduced

10/9/2025

Primary Sponsor

Calvin Callahan

Click for details

Origin

State Assembly

2025-2026 Regular Session

AI Summary

  • Extends the carryover period for unused research income and franchise tax credits from 15 years to 50 years
  • Applies to qualified research expenses that exceed 50% of the claimant's average qualified research expenses from the three preceding tax years
  • Applies retroactively to all research credits from previous taxable years that have not been used, refunded, or expired under prior law
  • Affects individuals, corporations, and other entities claiming research credits under Wisconsin income and franchise tax statutes (sections 71.07, 71.28, and 71.47)

Legislative Description

Increasing the carryover period of the research income tax credit. (FE)

Last Action

Laid on the table

1/20/2026

Committee Referrals

Rules1/14/2026
Ways and Means10/9/2025

Full Bill Text

No bill text available