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

SB 291 expands Wisconsin's business development tax credit to include certain employer-provided child care costs. It allows businesses to claim a tax credit equal to up to 15% of qualifying expenses for establishing or operating child care programs for employees, such as upfront setup costs, operational expenses, employee reimbursements, or reserved child care slots. The bill directly affects Wisconsin-based businesses that provide child care benefits to employees, making these costs eligible for the tax credit starting in 2025. Key provisions define "eligible child care costs" broadly to cover capital expenditures, operational spending, and reimbursements, while capping the credit at 15% of those expenses. The law applies to taxable years beginning after December 31, 2024.