Relating to: qualified new business venture eligibility. (FE)

AB 565 amends tax credit eligibility rules for qualified new business ventures in Wisconsin. It increases the investment cap from $12 million to $20 million for businesses claiming tax credits under specific statutes (71.07, 71.28, 71.47, 76.638) for taxable years starting after December 31, 2025. The bill also requires businesses receiving such credits to agree not to relocate outside Wisconsin for three years, with penalties for violations. These changes directly affect new businesses seeking state tax credits to support growth. The bill repeals outdated provisions and updates the rules to adjust investment limits and relocation requirements.