LRBs0194/1
MDE&KP:wlj
2023 - 2024 LEGISLATURE
ASSEMBLY SUBSTITUTE AMENDMENT 1,
TO ASSEMBLY BILL 627
December 7, 2023 - Offered by Representative Armstrong.
AB627-ASA1,2,2 1An Act to repeal 71.07 (3w) (bm) 5. and 71.28 (3w) (bm) 5.; to renumber and
2amend
71.07 (3w) (a) 1., 71.07 (3w) (a) 3., 71.28 (3w) (a) 1., 71.28 (3w) (a) 3.,
371.47 (3w) (a) 1., 71.47 (3w) (a) 3., 238.308 (1) and 238.308 (3); to amend 71.07
4(3w) (a) 6., 71.07 (3y) (a) 2., 71.28 (3w) (a) 6., 71.28 (3y) (a) 2., 71.47 (3w) (a) 6.,
571.47 (3y) (a) 2., 238.30 (2m) (a), 238.308 (4) (b), 238.308 (5) (a), 238.399 (5) (f)
6and 238.399 (6) (d); and to create 71.07 (3w) (a) 1. b., 71.07 (3w) (a) 3. b., 71.07
7(3y) (b) 6., 71.07 (3y) (c) 3., 71.28 (3w) (a) 1. b., 71.28 (3w) (a) 3. b., 71.28 (3y) (b)
86., 71.28 (3y) (c) 3., 71.47 (3w) (a) 1. b., 71.47 (3w) (a) 3. b., 71.47 (3y) (b) 6., 71.47
9(3y) (c) 3., 238.308 (1) (b), 238.308 (2) (c), 238.308 (3) (b), 238.308 (4) (a) 6.,
10238.399 (1) (am) (intro.), 238.399 (1) (ar) and 238.399 (1) (as) of the statutes;

1relating to: various changes to the business development tax credit and the
2enterprise zone jobs tax credit.
Analysis by the Legislative Reference Bureau
This bill makes several adjustments to the business development tax credit and
the enterprise zone jobs tax credit. The changes apply to taxable years beginning
after December 31, 2023.
Under current law, the Wisconsin Economic Development Corporation may
certify a person who operates or intends to operate a business in this state to receive
credits against state income and franchise taxes (tax benefits). These credits are
refundable, which means that if the credit exceeds the person's tax liability, the
person will receive the excess as a refund check.