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Bills · 2025-2026 Regular Session

AB 494

Died at session end Official bill text Atom feed

Relating to: increasing the carryover period of the research income tax credit. (FE)

Business Franchise — Taxation Income tax — Credit Industrial development

  1. Introduced, stopped here
  2. Passes Assembly, not reached
  3. Passes Senate, not reached
  4. Governor signs, not reached
  5. Law, not reached

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

This bill allows claimants of the research income and franchise tax credit to carry over unused research credits for 50 years until they are used to offset tax liability in future years. Under current law, claimants may carry over unused research credits for the following 15 years after the credit is initially claimed. Under current law, the research credit is an income and franchise tax credit equal to a specified percentage of a person’s qualified research expenses that exceed 50 percent of the person’s average qualified research expenses for the three tax years immediately preceding the tax year for which the person claims the credit.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Armstrong (R) , B. Jacobson (R) , Born (R) , Callahan (R) , Dittrich (R) , Kitchens (R) , Knodl (R) , Kreibich (R) , Melotik (R) , Murphy (R) , Mursau (R) , Penterman (R) , Piwowarczyk (R) , Steffen (R) , Subeck (D) , Swearingen (R) , Wittke (R) , Zimmerman (R)

6 cosponsors

Felzkowski (R) , Feyen (R) , Habush Sinykin (D) , Ortiz-Velez (D) , Ratcliff (D) , Wanggaard (R)

Registered lobbying interests · 13

Organizations that registered lobbying activity on this bill with the Wisconsin Ethics Commission. Registration means interest, not a position for or against. Official record

Votes

Assembly: Report passage recommended by Committee on Ways and Means, Ayes 10, Noes 0

Passed 10–0 Jan 14, 2026 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Full history

  1. Oct 9, 2025 · Assembly

    Introduced by Representatives Callahan, Armstrong, Born, Knodl, Melotik, Swearingen, Wittke, Zimmerman, Dittrich, B. Jacobson, Kreibich, Murphy, Mursau, Penterman, Piwowarczyk, Steffen, Subeck and Kitchens; cosponsored by Senators Feyen, Habush Sinykin, Felzkowski and Wanggaard

  2. Oct 9, 2025 · Assembly

    Read first time and referred to Committee on Ways and Means

  3. Oct 14, 2025 · Assembly

    Representative Ortiz-Velez added as a coauthor

  4. Oct 17, 2025 · Assembly

    Fiscal estimate received

  5. Nov 12, 2025 · Assembly

    Public hearing held

  6. Nov 18, 2025 · Assembly

    Senator Ratcliff added as a cosponsor

  7. Jan 8, 2026 · Assembly

    Executive action taken

  8. Jan 14, 2026 · Assembly

    Report passage recommended by Committee on Ways and Means, Ayes 10, Noes 0

  9. Jan 14, 2026 · Assembly

    Referred to committee on Rules

  10. Jan 14, 2026 · Assembly

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

  11. Jan 20, 2026 · Assembly

    Laid on the table

  12. Mar 23, 2026 · Assembly

    Failed to pass pursuant to Senate Joint Resolution 1