Top WEDA Legislative Priority Continues to Advance at the State Capitol
The Wisconsin State Senate is scheduled to vote tomorrow on Assembly Bill 280, legislation that would enhance the housing and childcare tax credit incentives under the Business Development Tax Credit (BTC) Program to encourage greater workforce housing and childcare investment by Wisconsin businesses. The bill would allow BTC investments in workforce housing and childcare to include contributions made by eligible businesses to a third party for those purposes. By expanding eligibility beyond capital expenditures, the bill gives employers the flexibility to make creative, community-oriented investments in partnership with local organizations. It would also allow workforce housing development and childcare programs driven by the tax incentives to benefit entire communities rather than just the employees of BTC eligible companies.
The bill, which is a top WEDA legislative priority, was passed by the Assembly in October on a 92-4 vote. If passed by the full Senate tomorrow as expected, the bill will then be sent to Gov. Evers for final approval.
