Relating to: qualifying investments for purposes of claiming the early stage seed investment and angel investment credits. (FE)

SB 563 clarifies what qualifies as an investment for Wisconsin's early stage seed and angel investment tax credits. It defines "investment" to include equity purchases, convertible notes, simple agreements for future equity, and other expenditures approved by the Wisconsin Economic Development Corporation (WEDC). This change directly affects individual investors and businesses seeking these tax credits by expanding eligible investment types beyond traditional equity. The bill takes effect for 2025 tax years and aims to streamline eligibility under existing credit programs.