WI SB637

Sales and use tax exemption for tangible personal property sold to construction contractors that becomes part of a nuclear energy facility in Wisconsin, effective January 1, 2028

Income and franchise tax credit available to electric public utilities, electric cooperatives, municipal electric companies, and qualified wholesale electric companies for wages paid to full-time employees and capital expenditures (excluding land acquisition) at Wisconsin nuclear energy facilities, beginning in taxable years after December 31, 2027

Full-time job eligibility requires at least 2,080 hours annually with pay at minimum 150% of federal minimum wage plus benefits not mandated by law

Wisconsin Economic Development Corporation certification required to claim the sales tax exemption, valid for 5 years or until the facility receives a Nuclear Regulatory Commission operating license, whichever comes first

Tax credits are transferable and can be sold to other taxpayers subject to Wisconsin income, corporate, or franchise taxes with department notification and certification