Wisconsin Statutes Economic Development (Ch. 238) § 238.308. Business development tax credit

1. The person is operating or intends to operate a business in this state.

2. The person applies under this section and enters into a contract with the corporation.

1. The person makes a capital investment in the person's business, and the person either creates new full-time jobs or retains existing full-time jobs, as determined by the corporation under its policies and procedures.

2. The person does not decrease net employment in this state in the person's business below the net employment in this state in the person's business during the year before the person is certified under sub. (2), as determined by the corporation under its policies and procedures.

1. An amount equal to up to 10 percent of the amount of wages that the person paid to an eligible employee in the taxable year.

2. In addition to any tax benefits awarded for an eligible employee under subd. 1., an amount equal to up to 5 percent of the amount of wages that the person paid to the eligible employee in the taxable year, if the eligible employee is employed in an economically distressed area, as determined by the corporation.

3. An amount equal to up to 50 percent of the person's training costs incurred to undertake activities to enhance an eligible employee's general knowledge, employability, and flexibility in the workplace; to develop skills unique to the person's workplace or equipment; or to develop skills that will increase the quality of the person's product.

4. An amount equal to up to 3 percent of the person's personal property investment and up to 5 percent of the person's real property investment in a capital investment project, if the project involves a total capital investment of at least $250,000 or, if less than $250,000, the project involves a capital investment that is equal to at least $10,000 per eligible employee employed on the project.

5. An amount, as determined by the corporation, equal to a percentage of the amount of wages that the person paid to an eligible employee in the taxable year, if the position in which the eligible employee was employed was created or retained in connection with the person's location or retention of the person's corporate headquarters in Wisconsin and the job duties associated with the eligible employee's position involve the performance of corporate headquarters functions.

6. For taxable years beginning after December 31, 2023, an amount equal to up to 15 percent of the person's investment in workforce housing, as defined in s. 234.66(1)(i), for employees and up to 15 percent of the person's investment in establishing an employee child care program for employees. Such investments may include only capital expenditures made by the person.

1. The corporation notifies the joint committee on finance in writing of its proposal to exceed the annual limit on tax benefits specified in par. (b).

2. The corporation submits with its notification under subd. 1. evidence that shows the corporation's proposal is necessary to accomplish the corporation's statewide economic development objectives.

3. Any of the following is true: