Special Incentives

Electronic medical records credit: For tax years beginning after December 31, 2011, the credit is equal to 50% of the amount a health care provider paid in the taxable year for information technology hardware or software that is used to maintain medical records in electronic form.

Technology zones credit: Promotes investment in high-technology businesses in a technology zone for taxable years beginning on or after January 1, 2002.

State supplement to federal historic rehabilitation credit: Equals 5% of the qualifying costs to rehabilitate certified historic structures located in Wisconsin and used for business purposes if the work begins after December 31, 1988, and the rehabilitated property is placed in service after June 30, 1989.

Community development finance credit: A credit is available for corporations making a contribution to the Wisconsin Housing and Economic Development Authority and in the same year purchasing common stock or a partnership interest in the Community Development Finance Company. The credit amount is equal to 75% of the purchase price of the stock or of the partnership interest, but cannot exceed 75% of the amount of the contribution.

For taxable years beginning after July 1, 2011, a credit is available for 5 percent of the amount the claimant paid in the taxable year to a community rehabilitation program to perform work for the claimant’s business.

Community rehabilitation program credit: For taxable years beginning on or after August 1, 2011, a credit is available for 5 percent of the amount the claimant paid in the taxable year to a community rehabilitation program to perform work for the claimant’s business.

Postsecondary education credit: A credit is available equal to 25 percent of the tuition paid or incurred for an education program in a qualified postsecondary institution if the individual was eligible for a grant from the Federal Pell Grant Program.

A credit is available equal to 30 percent of the tuition paid or incurred if the individual was enrolled in a course that relates to a projected worker shortage in this state and if the individual was eligible for a grant from the Federal Pell Grant Program.