WI SB563

Expands the definition of qualifying investments for Wisconsin's angel investment tax credit (25% of investment) to explicitly include convertible instruments such as convertible notes and simple agreements for future equity (SAFEs)

Expands the definition of qualifying investments for the early stage seed investment tax credit (25% of investment paid to fund managers) to include convertible notes, SAFEs, and other expenditures determined by WEDC

Investments must be made in qualified new business ventures certified by the Wisconsin Economic Development Corporation (WEDC)

Applies to taxable years beginning on January 1, 2025