More Wisconsin Businesses to Qualify for Tax Savings Through Research Credit

General Business

September 19, 2013
by Scott Schumacher, CPA, MST

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Scott Schumacher Scott Schumacher, CPA, MST

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Until recently, the Wisconsin research credit was available only to C corporations. As part of the Wisconsin Budget Bill that was recently enacted, the availability of the research credit has expanded significantly and is now available to be claimed by S corporations, partnerships, and sole proprietorships for tax years beginning after December 31, 2012. This will provide an opportunity for businesses in Wisconsin to reduce their tax liability by claiming the research credit.

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