238.308 Business development tax credit.
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/wi/chapter-238/238-308-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
238.308 Business development tax credit.
(1)Definitions. In this section:
(a)“Eligible employee” means a person employed in a full-time job by a person certified under sub.
(2).
(b)For taxable years beginning after December 31, 2023, “full-time job” means a nonseasonal job for which the annual pay is more than the amount determined by multiplying 2,080 by 150 percent of the federal minimum wage and for which the person is offered retirement, health, and other benefits.
(2)Certification.
(a)The corporation may certify a person to receive tax benefits under this section if all of the following apply:
1. The person is operating or intends to operate a business in this state.
2. The person applies under this section and enters into a contract with the corporation.
(b)The certification of a person under par.
(a)may remain in effect for no more than 10 cumulative years.