Relating to: making certain child care expenditures eligible for the business development tax credit. (FE)

AB 283 expands Wisconsin's business development tax credit to include specific child care costs incurred by employers for their employees. It allows businesses to claim a tax credit covering up to 15% of eligible expenses, such as capital costs to start a child care program, operational costs, reimbursements for employee child care, purchased child care slots, and contributions to dependent care flexible spending accounts. This directly affects businesses operating in Wisconsin that provide child care benefits to employees, making these costs deductible under the existing tax credit program. The bill modifies tax code sections to define these eligible expenses and sets the effective date for taxable years beginning after December 31, 2024.