Wisconsin Historic Tax Credit

Wisconsin Historic Tax Credit Summary

  • Applicable against individual income tax as well as the income and franchise taxes imposed on corporations and insurance companies.
  • May offset 100% of taxpayer’s liability.
  • Credits are transferrable.
  • If DOR adjusts or disallows (in whole or in part) a credit transferred, only the person who originally transferred the credit is liable to repay the adjusted or disallowed amount.
  • Credits can be carried forward for the following 15 years to the extent not offset by taxes due in all the intervening years.