On July 13, Wisconsin Governor Scott Walker signed legislation
making sweeping changes to existing state income tax credit
programs.1 Specifically, the state enacted the Business
Development Tax Credit program to replace the Economic Development
Tax Credit and the Job Creation Tax Credit, eliminated the Job
Creation Deduction, and made changes to the Research Expense Tax
Credit and Manufacturing and Agricultural Tax Credit programs.
Business Development Tax Credit Enacted
Effective for taxable years beginning on or after January 1,
2016, the Business Development Tax Credit is created as a
refundable income tax incentive program.2 The credit is
available to eligible businesses3 that operate or intend
to operate a business in Wisconsin, and enter into a contract with
the Wisconsin Economic Development Corporation (WEDC).4
The WEDC may provide a refundable credit to a qualified business
that includes some or all of the following amounts:
