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

SB 482 extends the carryover period for unused research income tax credits from 15 to 50 taxable years. This change directly affects businesses that claim research tax credits but cannot fully utilize them in a single tax year. The bill modifies multiple sections of tax law to allow these unused credits to be carried forward and applied against future tax liabilities over a longer timeframe. The key provision (Section 7) updates the specific timeframe for crediting unused amounts against Wisconsin income taxes in subsequent years.