WI SB291

Expands Wisconsin's business development tax credit to cover a broader range of child care costs for employees, not just capital expenditures to establish child care programs

Eligible child care costs now include: operating expenses for child care programs, employee reimbursements for child care, purchasing or reserving child care slots, employer contributions to dependent care flexible spending accounts, and any other employer-provided child care benefits

Tax credit remains at up to 15% of qualifying child care costs, as determined by the Wisconsin Economic Development Corporation

Extends eligibility to 501(c)(3) nonprofit organizations for the child care services tax benefit

Applies to taxable years beginning after December 31, 2024