WI AB618

Sales and use tax exemption for tangible personal property sold to construction contractors that becomes a component of a nuclear energy facility in Wisconsin, effective January 1, 2028

Income and franchise tax credit available to electric public utilities, electric cooperatives, municipal electric companies, and qualified wholesale electric companies for taxable years beginning after December 31, 2027

Tax credit equals 100% of wages paid to full-time employees at Wisconsin nuclear energy facilities plus capital expenditures for construction, improvement, renovation, repair, maintenance, development, or operation (excluding land acquisition costs)

Wisconsin Economic Development Corporation must certify nuclear energy facilities for the sales tax exemption, with certification valid for 5 years or until the facility receives a Nuclear Regulatory Commission operating license

Tax credits are transferable and may be sold to other taxpayers subject to Wisconsin income, franchise, or corporate taxes