Senate Bill 204 proposes the establishment of a refundable video game production tax credit in Wisconsin, aimed at incentivizing the development and production of video games within the state. The credit is set at 30% of eligible wages and expenditures directly related to the creation of video game products, which are defined as electronic games intended for commercial distribution and entertainment. The bill outlines specific exclusions for eligible expenditures, such as payments for royalties, capital expenses, and marketing costs. To qualify for the credit, applicants must file an application with the Department of Revenue and provide an audit of their eligible expenditures.

The bill also includes several amendments to existing statutes, notably adding the video game production credit to the list of credits under various sections, including 71.05 and 71.10. It creates new sections in the statutes to define the credit and its parameters, including the requirements for filing claims and the role of certified public accountants in auditing the claims. The legislation aims to support the growth of the video game industry in Wisconsin by providing financial incentives for companies engaged in this sector.

Statutes affected:
Bill Text: 71.05(6)(a)15, 71.05, 71.10(4)(i), 71.10, 71.21(4)(a), 71.21, 71.21(6)(d)3