WI AB565

Eliminates the requirement that businesses must have at least 51% of employees working in Wisconsin to qualify as a "qualified new business venture" for the angel and early stage seed investment tax credit program

Increases the maximum qualifying investment threshold from $12,000,000 to $20,000,000 for taxable years beginning after December 31, 2025

Simplifies the relocation definition: a business is now considered to have relocated only if it moves its headquarters out of Wisconsin, rather than the previous standard requiring 51% of employees, payroll, or headquarters activities to move out-of-state

Maintains the 3-year prohibition on relocation after receiving tax credit-qualifying investments, with penalties for violations