WisconsinWisconsin law lets research credit claimants carry credits forward
Wisconsin law lets people and businesses claiming research credits carry unused amounts forward for up to 50 years to offset taxes they owe in later years.
What it does
People and businesses with unused research credits may carry them forward for up to 50 years to offset taxes they owe in later years.
Argument forClaimants with unused research credits may have more time to use them to offset taxes they owe in later years.
Argument againstAllowing credits to offset taxes in later years could reduce Wisconsin tax collections in those years.
More detail
Wisconsin law allows unused research income and franchise tax credits to be carried forward for up to 50 years. This applies to claimants of the research income and franchise tax credit. The carryover period is the 50 taxable years after the credit is first claimed.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Apr 9Published 4-9-2026Latest
- Apr 9Report approved by the Governor Tony Evers on 4-8-2026. 2025 Wisconsin Act 220Became Law
- Apr 2Presented to the Governor on 4-2-2026To Governor
- Jan 22Report correctly enrolledMinor
- Jan 20Received from Assembly concurred inMinor
- Vote recorded CONCURRENCE. Result: pass.Lower
- Jan 20Ordered immediately messaged
- Jan 20Read a third time and concurred in, Ayes 90, Noes 6Passed House
- Jan 20Rules suspended
- Jan 20Ordered to a third readingMinor
- Jan 20Read a second timeMinor
- Jan 20Rules suspended to withdraw from calendar and take upMajor
- Jan 14Placed on calendar 1-20-2026 by Committee on Rules
- Jan 14Read first time and referred to committee on RulesMinor
- 2025
- Nov 19Received from SenateMinor
- Nov 18Ordered immediately messaged
- Vote recorded PASSAGE. Result: pass.Upper
- Nov 18Senator Ratcliff added as a coauthor
- Nov 18Read a third time and passed, Ayes 33, Noes 0Passed Senate
- Nov 18Rules suspended to give bill its third reading
- Nov 18Ordered to a third readingMinor
- Nov 18Withdrawn from joint committee on Finance and taken up
- Nov 18Referred to joint committee on FinanceMinor
- Nov 18Read a second timeMinor
- Nov 14Placed on calendar 11-18-2025 pursuant to Senate Rule 18(1)
- Nov 6Available for scheduling
- Vote recorded Report passage recommended by Committee on Agriculture and Revenue, Ayes 8, Noes 0. Result: pass.Upper
- Nov 6Report passage recommended by Committee on Agriculture and Revenue, Ayes 8, Noes 0Minor
- Nov 6Executive action taken
- Nov 4Public hearing held
- Oct 17Fiscal estimate receivedMinor
- Oct 14Representative Ortiz-Velez added as a cosponsor
- Oct 2Representative Kitchens added as a cosponsor
- Oct 2Read first time and referred to Committee on Agriculture and RevenueMinor
- Oct 2Introduced by Senators Feyen, Habush Sinykin, Felzkowski and Wanggaard; cosponsored by Representatives Callahan, Armstrong, Born, Knodl, Melotik, Swearingen, Wittke, Zimmerman, Dittrich, B. Jacobson, Kreibich, Murphy, Mursau, Penterman, Piwowarczyk, Steffen and SubeckIntroduced
Taxes & Budget