Revitalizing the R&D Credit
Efforts continue to make the Wisconsin research credit refundable through the state budget process. Last week, Briggs & Stratton hosted their local Joint Finance Committee lawmaker on the issue. Other companies continue to plan (or attempted to plan!) meetings with key lawmakers to help make this push a reality. The state budget work by the Joint Finance Committee could be wrapped up by the second or third week of June; final floor votes would come about one week later.
LFB Memo on Claiming Credit over 7 Years
Here is a link (to the second attachment) of a report outlining the fiscal impact of allowing accumulated credits to be claimed over 7 years. The cost averages $100 million per year, which is a substantial hurdle for this cause to make with policymakers.
Refundable R&D One-Pager
We at WMC have pulled together a one-page briefing paper on the issue. Feel free to draw on this information in your efforts to promote making this change to the credit.