A new GOP bill increasing the flexibility of some state tax credit programs would bolster investments in workforce housing and child care, WisBusiness reports. The new legislation follows a bill signed into law in 2024 that made changes to Wisconsin’s Business Development Tax Credit and Enterprise Zone Tax Credit programs. Current law allows qualifying recipients to claim tax benefits up to 15% of their investment in workforce housing for employees and up to 15% of their investment in creating a child care program for employees. It defines qualifying investments as “capital expenditures made by the person.”
The new bill would let businesses receive the credit for contributions made to a third party for establishing a child care program or building or rehabilitating workforce housing, and for contributions made to a local revolving loan program. Additionally, it would cut a requirement that the qualifying programs must be for employees....
The Bill is Here.
Leo’s notes: Expanding tax credit eligibility beyond direct capital investments and employee-only programs finally recognizes the role businesses can play in broader community solutions. Removing red tape to support child care and workforce housing is exactly the kind of flexibility we need to strengthen Wisconsin’s workforce and local economies.
Share this article on you social outlets
Our Sponsors
- - Volume: 25 - WEEK: 20 Date: 5/13/2025 11:41:52 AM -