WI SB286

Expands qualifying investments under the business development tax credit to include contributions made to third parties for building or rehabilitating workforce housing or establishing child care programs, including contributions to local revolving loan fund programs

Removes the requirement that workforce housing and child care programs be specifically for the business's own employees to qualify for the tax credit

Maintains the existing tax benefit cap of up to 15 percent of investments in workforce housing and up to 15 percent of investments in child care programs

Applies to taxable years beginning on January 1, 2025