Relating to: creating an employee ownership conversion costs tax credit, a deduction for capital gains from the transfer of a business to employee ownership, and an employee ownership education and outreach program. (FE)

AB 17 creates tax incentives to encourage business transitions to employee ownership. It provides a credit covering 70% of conversion costs (up to $100,000) for worker-owned cooperatives and 50% (up to $100,000) for employee stock ownership plans (ESOPs), plus a deduction for capital gains tax on business transfers to these models. The bill directly affects business owners in Wisconsin who convert their companies to employee ownership structures, requiring employee ownership to exceed 50% to qualify. It also establishes an education program to support these transitions, aiming to make such conversions more financially accessible.