Assembly Bill 204 proposes the establishment of a refundable video game production tax credit in Wisconsin. This credit would allow claimants to receive 30% of eligible wages and 30% of eligible expenditures directly related to the development, production, or creation of video game products. The bill defines "video game product" as an electronic game intended for commercial distribution and entertainment, while explicitly excluding social media, gambling products, and those with obscene content. To qualify for the credit, applicants must file an application with the Department of Revenue (DOR) and submit an audit of their eligible expenditures.

The bill includes several amendments to existing statutes, notably adding the new video game production credit under section 71.07 (12) and modifying sections 71.05, 71.10, and 71.21 to incorporate this new credit. Specifically, it amends the list of credits in section 71.05 (6) (a) to include the new video game production credit, and it also updates the language in sections 71.21 (4) (a) and (6) (d) to reflect the inclusion of this credit. The bill aims to incentivize the video game industry in Wisconsin by providing financial support for production activities.

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