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

AB 494 extends Wisconsin's research income tax credit carryover period from 15 to 50 taxable years. This change allows businesses that claim the credit but cannot fully use it in a single year to carry forward unused credits for up to five decades. The policy directly affects Wisconsin businesses eligible for the research tax credit, providing greater flexibility to offset future tax liabilities. The bill primarily modifies tax code sections (71.07 and 71.28) to implement this extended carryover period.