Relating to: qualifying investments for purposes of claiming the early stage seed investment and angel investment credits. (FE)

AB 566 clarifies what qualifies as an investment for Wisconsin's early-stage seed and angel investment tax credits. It defines "investment" to include equity purchases, convertible notes, or similar instruments, as determined by the Wisconsin Economic Development Corporation (WEDC). This standardizes eligibility for investors and businesses seeking these credits, applying to taxable years beginning January 1, 2025. The bill directly affects investors claiming credits and businesses receiving qualifying early-stage funding.