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Wisconsin proposes expanding its startup tax credit to boost innovation and investment.
Wisconsin’s 20-year-old QNBV tax credit program, which offers a 25% tax credit for investments in early-stage tech startups, has leveraged $882 million in private capital since 2005, supporting over 700 companies and driving $67 million in 2024 investments.
Now, proposed legislation seeks to update the program by raising the investment cap from $12 million to $20 million and eliminating a 51% in-state employee residency requirement, aiming to address challenges from remote work and inflation.
The bill, backed by Republican lawmakers and bipartisan support, aims to strengthen Wisconsin’s startup ecosystem and attract more innovation and investment.
Wisconsin propone expandir su crédito fiscal para startups para estimular la innovación y la inversión.