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WisconsinSB4822025-2026 Wisconsin Legislature (Biennial Session)SenateWALLET

An Act to repeal 71.28 (5b) (d) 1. and 71.47 (5b) (d) 1.; to renumber and amend 71.07 (4n) (d) and 71.28 (5) (b); to amend 71.07 (2dm) (h), 71.07 (2dx) (e) 1., 71.07 (2dy) (d) 1., 71.07 (3g) (c), 71.07 (3h) (d) 1., 71.07 (3n) (f), 71.07 (4k) (e) 2. b., 71.07 (5b) (d) 1., 71.07 (5d) (d) 2., 71.07 (5g) (d) 1., 71.07 (5i) (d), 71.07 (5j) (d) 1., 71.07 (5k) (d), 71.07 (5n) (d) 1., 71.07 (5r) (d) 1., 71.07 (5rm) (d) 1., 71.07 (6n) (d) 1., 71.07 (8b) (e), 71.07 (9m) (e), 71.07 (9r) (g), 71.07 (10) (d), 71.28 (1dm) (h), 71.28 (1dx) (e) 1., 71.28 (1dy) (d) 1., 71.28 (3g) (c), 71.28 (3h) (d) 1., 71.28 (3n) (f), 71.28 (4) (f), 71.28 (4) (k) 2., 71.28 (5g) (d) 1., 71.28 (5i) (d), 71.28 (5j) (d) 1., 71.28 (5k) (d), 71.28 (5n) (d) 1., 71.28 (5r) (d) 1., 71.28 (5rm) (d) 1., 71.28 (6) (e), 71.28 (6n) (d) 1., 71.28 (8b) (e), 71.28 (10) (d), 71.47 (1dm) (h), 71.47 (1dx) (e) 1., 71.47 (1dy) (d) 1., 71.47 (3g) (c), 71.47 (3h) (d) 1., 71.47 (3n) (f), 71.47 (4) (f), 71.47 (4) (k) 2., 71.47 (5g) (d) 1., 71.47 (5i) (d), 71.47 (5j) (d) 1., 71.47 (5k) (d), 71.47 (5r) (d) 1., 71.47 (5rm) (d) 1., 71.47 (6) (e), 71.47 (6n) (d) 1., 71.47 (8b) (e) and 71.47 (10) (d); to create 71.07 (4n) (d) 2., 71.28 (5) (b) 2., 71.28 (5b) (e), 71.28 (5b) (f), 71.28 (5b) (g), 71.28 (5b) (h), 71.47 (5b) (e), 71.47 (5b) (f), 71.47 (5b) (g) and 71.47 (5b) (h) of the statutes; Relating to: increasing the carryover period of the research income tax credit. (FE)

Sponsored By: Mary Felzkowski (Republican), Dan Feyen (Republican), Jodi Habush Sinykin (Democratic), Van Wanggaard (Republican)

Became Law

Sen Bill 482BusinessFranchise -- TaxationIncome tax -- CreditIndustrial development

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 2 benefits, 0 costs, 1 mixed.

15-year carryforward for new research credits

For the newer related credits, any unused amount can be carried forward for 15 taxable years. You can use the carried amount to cut future Wisconsin income or franchise tax.

50-year carryforward for business research credits

Businesses can carry unused Wisconsin research credits for up to 50 taxable years, up from 15. This applies to the main research credit and to amounts that were not certified for payment. You can use these credits to lower Wisconsin income or franchise tax in later years until they are used. Older carried credits that were not used, not refunded, and not expired on the law’s effective date also get the 50-year window.

Uniform rules and limits for research credits

If a company changes owners, federal change-of-ownership limits can restrict how much carried credit it can use. The Wisconsin Department of Revenue administers these credits and can audit, assess, and apply normal penalties. You must claim the credit within the state’s refund claim period; late claims are not allowed. The same carryover and filing rules now apply across related research credits, and an older cross‑reference rule is repealed.

Sponsors & Cosponsors

Sponsors

  • Mary Felzkowski

    Republican • Senate

  • Dan Feyen

    Republican • Senate

  • Jodi Habush Sinykin

    Democratic • Senate

  • Van Wanggaard

    Republican • Senate

Cosponsors

  • David Armstrong

    Republican • House

  • Brent Jacobson

    Republican • House

  • Mark Born

    Republican • House

  • Calvin Callahan

    Republican • House

  • Barbara Dittrich

    Republican • House

  • Joel Kitchens

    Republican • House

  • Daniel Knodl

    Republican • House

  • Rob Kreibich

    Republican • House

  • Paul Melotik

    Republican • House

  • David Murphy

    Republican • House

  • Jeffrey Mursau

    Republican • House

  • Sylvia Ortiz-Velez

    Democratic • House

  • William Penterman

    Republican • House

  • Jim Piwowarczyk

    Republican • House

  • Melissa Ratcliff

    Democratic • Senate

  • David Steffen

    Republican • House

  • Lisa Subeck

    Democratic • House

  • Rob Swearingen

    Republican • House

  • Robert Wittke

    Republican • House

  • Shannon Zimmerman

    Republican • House

Roll Call Votes

All Roll Calls

Yes: 123 • No: 6

House vote • 1/20/2026

Read a third time and concurred in, Ayes 90, Noes 6

Yes: 90 • No: 6

Senate vote • 11/18/2025

Read a third time and passed, Ayes 33, Noes 0

Yes: 33 • No: 0

Actions Timeline

  1. Published 4-9-2026

    4/9/2026Senate

  2. Report approved by the Governor on 4-8-2026. 2025 Wisconsin Act 220

    4/9/2026Senate

  3. Presented to the Governor on 4-2-2026

    4/2/2026Senate

  4. Report correctly enrolled

    1/22/2026Senate

  5. Received from Assembly concurred in

    1/20/2026Senate

  6. Ordered immediately messaged

    1/20/2026House

  7. Read a third time and concurred in, Ayes 90, Noes 6

    1/20/2026House

  8. Rules suspended

    1/20/2026House

  9. Ordered to a third reading

    1/20/2026House

  10. Read a second time

    1/20/2026House

  11. Rules suspended to withdraw from calendar and take up

    1/20/2026House

  12. Placed on calendar 1-20-2026 by Committee on Rules

    1/14/2026House

  13. Read first time and referred to committee on Rules

    1/14/2026House

  14. Received from Senate

    11/19/2025House

  15. Ordered immediately messaged

    11/18/2025Senate

  16. Senator Ratcliff added as a coauthor

    11/18/2025Senate

  17. Read a third time and passed, Ayes 33, Noes 0

    11/18/2025Senate

  18. Rules suspended to give bill its third reading

    11/18/2025Senate

  19. Ordered to a third reading

    11/18/2025Senate

  20. Withdrawn from joint committee on Finance and taken up

    11/18/2025Senate

  21. Referred to joint committee on Finance

    11/18/2025Senate

  22. Read a second time

    11/18/2025Senate

  23. Placed on calendar 11-18-2025 pursuant to Senate Rule 18(1)

    11/14/2025Senate

  24. Available for scheduling

    11/6/2025Senate

  25. Report passage recommended by Committee on Agriculture and Revenue, Ayes 8, Noes 0

    11/6/2025Senate

Bill Text

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