WI SB564

Eliminates the requirement that businesses must have at least 51% of employees working in Wisconsin to qualify as a "qualified new business venture" for the angel and early stage seed investment tax credit program

Increases the maximum investment cap from $12 million to $20 million for businesses seeking certification, effective for taxable years beginning after December 31, 2025

Simplifies the definition of "relocation" for the 3-year non-relocation agreement: businesses are now considered relocated only if they move their headquarters out of Wisconsin, rather than the previous standard based on 51% of employees, payroll, or headquarters activities

Wisconsin Economic Development Corporation (WEDC) retains authority to certify businesses and define "headquarters" through its policies and procedures