Sheboygan’s representative in Madison is highlighting a bipartisan bill adjusting the workforce housing investment and childcare investment awards under the state’s business development tax credit.
26th District Representative Joe Sheehan says Assembly Bill 280 would make changes allowing more housing and childcare benefits offered by employers to qualify for a tax incentive.
According to the Wisconsin Legislative Reference Bureau, current state law allows a person to claim tax benefits of an amount up to 15% of the person’s investment in workforce housing for employees and up to 15% of the person’s investment in establishing an employee childcare program.
The bill would allow individuals to receive a tax benefit that may include contributions made to a third party for building or rehabilitating workforce housing or establishing a childcare program.
It would also remove the requirement that the workforce housing and childcare program for which a person can receive tax benefits be for employees.
The bill passed by the Wisconsin Assembly could be taken up in the Senate later.
RepSheehan says he applauds his colleagues on both sides of the aisle for the good-faith work that went into getting these bills to a point where we could agree on them.
