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Bills · 2025-2026 Regular Session

SB 482

Became law 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, completed
  2. Passes Senate, completed
  3. Passes Assembly, completed
  4. Governor signs, completed
  5. Law, completed

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: Felzkowski (R) , Feyen (R) , Habush Sinykin (D) , Wanggaard (R)

20 cosponsors

Armstrong (R) , B. Jacobson (R) , Born (R) , Callahan (R) , Dittrich (R) , Kitchens (R) , Knodl (R) , Kreibich (R) , Melotik (R) , Murphy (R) , Mursau (R) , Ortiz-Velez (D) , Penterman (R) , Piwowarczyk (R) , Ratcliff (D) , Steffen (R) , Subeck (D) , Swearingen (R) , Wittke (R) , Zimmerman (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

Senate: Report passage recommended by Committee on Agriculture and Revenue, Ayes 8, Noes 0

Passed 8–0 Nov 6, 2025 official source full page

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

Senate: PASSAGE

Passed 33–0 Nov 18, 2025 official source full page

Assembly: CONCURRENCE

Passed 90–6 Jan 20, 2026 official source full page

Aye · 90

Not voting · 3

Full history

  1. Oct 2, 2025 · Senate

    Introduced 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 Subeck

  2. Oct 2, 2025 · Senate

    Read first time and referred to Committee on Agriculture and Revenue

  3. Oct 2, 2025 · Senate

    Representative Kitchens added as a cosponsor

  4. Oct 14, 2025 · Senate

    Representative Ortiz-Velez added as a cosponsor

  5. Oct 17, 2025 · Senate

    Fiscal estimate received

  6. Nov 4, 2025 · Senate

    Public hearing held

  7. Nov 6, 2025 · Senate

    Executive action taken

  8. Nov 6, 2025 · Senate

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

  9. Nov 6, 2025 · Senate

    Available for scheduling

  10. Nov 14, 2025 · Senate

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

  11. Nov 18, 2025 · Senate

    Read a second time

  12. Nov 18, 2025 · Senate

    Referred to joint committee on Finance

  13. Nov 18, 2025 · Senate

    Withdrawn from joint committee on Finance and taken up

  14. Nov 18, 2025 · Senate

    Ordered to a third reading

  15. Nov 18, 2025 · Senate

    Rules suspended to give bill its third reading

  16. Nov 18, 2025 · Senate

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

  17. Nov 18, 2025 · Senate

    Senator Ratcliff added as a coauthor

  18. Nov 18, 2025 · Senate

    Ordered immediately messaged

  19. Nov 19, 2025 · Assembly

    Received from Senate

  20. Jan 14, 2026 · Assembly

    Read first time and referred to committee on Rules

  21. Jan 14, 2026 · Assembly

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

  22. Jan 20, 2026 · Assembly

    Rules suspended to withdraw from calendar and take up

  23. Jan 20, 2026 · Assembly

    Read a second time

  24. Jan 20, 2026 · Assembly

    Ordered to a third reading

  25. Jan 20, 2026 · Assembly

    Rules suspended

  26. Jan 20, 2026 · Assembly

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

  27. Jan 20, 2026 · Assembly

    Ordered immediately messaged

  28. Jan 20, 2026 · Senate

    Received from Assembly concurred in

  29. Jan 22, 2026 · Senate

    Report correctly enrolled

  30. Apr 2, 2026 · Senate

    Presented to the Governor on 4-2-2026

  31. Apr 9, 2026 · Senate

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

  32. Apr 9, 2026 · Senate

    Published 4-9-2026