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

SB 564 modifies tax credit eligibility rules for qualified new business ventures in Wisconsin. It increases the investment cap for tax credit eligibility from $12 million to $20 million for businesses seeking credits after 2025, while maintaining the $12 million limit for pre-2026 ventures. The bill also updates relocation requirements, requiring businesses to stay in-state for three years after receiving certain tax credits or pay penalties if they move more than 51% of their headquarters outside Wisconsin. These changes directly affect new businesses seeking tax credits under statutes related to investments in ventures like startups. The bill is currently under review by the Government Operations, Labor and Economic Development committee.