WI SB204

Creates a refundable 30% tax credit on eligible wages and eligible expenditures for developing, producing, or creating video game products in Wisconsin, effective for taxable years beginning after December 31, 2024

Eligible video game products must be commercial entertainment games involving user interface interaction; excludes social media platforms, gambling products, obscene content, political/religious/educational games, streaming services, and marketing microsites

Excludes from eligible expenditures: capital costs, royalties, marketing, administrative expenses, food/entertainment, interest payments, and amounts paid to other certified credit recipients

Requires claimants to maintain a physical business location in Wisconsin, own or actively seek a video game copyright, and obtain Department of Revenue certification each taxable year

Claimants must hire an independent CPA licensed in Wisconsin to audit and verify eligible expenditures and wages before claiming the credit