Relating to: a sales and use tax exemption and an income and franchise tax credit for nuclear energy facilities. (FE)

SB 637 creates two tax credits for nuclear energy facilities in Wisconsin: an income/franchise tax credit (under §71.07) and a sales/use tax exemption (under §71.28). It directly affects electric public utilities, cooperatives, municipal electric companies, and qualified wholesale providers that operate nuclear facilities. The credits cover wages paid to full-time facility workers (requiring 2,080 annual hours at ≥150% federal minimum wage) and capital expenditures for facility construction, operation, or maintenance (excluding land purchases). The credits are transferable to other taxable entities and apply to taxable years beginning after December 31, 2027.