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WI·Bill·2025-2026 Regular Session

SB 637

Died in Senate committee

Relating to: a sales and use tax exemption and an income and franchise tax credit for nuclear energy facilities. (FE)

Introduced 2025-11-14Last action 2026-03-23 — Failed to pass pursuant to Senate Joint Resolution 1Committee Agriculture and Revenue

Sponsor

FeyenR

Cosponsors

Shae Sortwell(R)David Armstrong(R)Elijah Behnke(R)Rob Kreibich(R)David Murphy(R)Jerry O'Connor(R)
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Died in Senate committee
The 2025-2026 Regular Session ended on 2026-05-25. This bill was introduced when the session adjourned and did not advance to enactment.

Legislative Progress

✗
Introduced
2
In Committee
3
Passed Chamber
4
Enacted / Signed

Summary

This bill provides significant tax incentives to support the development and operation of nuclear energy facilities in Wisconsin. It creates a sales and use tax exemption for materials and equipment purchased by contractors or developers that become components of nuclear energy facilities, reducing construction costs. Additionally, it establishes income and franchise tax credits for utilities and electric companies operating nuclear facilities, allowing them to claim up to 15% of wages paid to full-time employees and up to 15% of capital expenditures for construction, improvement, and operation of these facilities (excluding land acquisition costs). The credits, which require certification from the Wisconsin Economic Development Corporation and are limited to five consecutive years, can also be sold or transferred to other taxpayers, providing additional financial flexibility for nuclear energy developers.

Bill history

  1. 2025-11-14 · Senate
    Introduced
  2. 2025-11-14 · Senate
    Read first time and referred to Committee on Agriculture and Revenue
  3. 2025-11-24 · Senate
    Fiscal estimate received
  4. 2025-12-18 · Senate
    Fiscal estimate received
  5. 2026-01-02 · Senate
    Senate Amendment 1 offered by Senator Feyen
  6. 2026-01-06 · Senate
    Report of Joint Survey Committee on Tax Exemptions requested
  7. 2026-01-13 · Senate
    Public hearing held
  8. 2026-01-29 · Senate
    Senate Substitute Amendment 1 offered by Senator Feyen
  9. 2026-02-03 · Senate
    Executive action taken
  10. 2026-02-03 · Senate
    Report adoption of Senate Substitute Amendment 1 recommended by Committee on Agriculture and Revenue, Ayes 8, Noes 0
  11. 2026-02-03 · Senate
    Report passage as amended recommended by Committee on Agriculture and Revenue, Ayes 8, Noes 0
  12. 2026-02-03 · Senate
    Available for scheduling
  13. 2026-02-10 · Senate
    Report of Joint Survey Committee on Tax Exemptions received, Ayes 5, Noes 4
  14. 2026-03-23 · Senate
    Failed to pass pursuant to Senate Joint Resolution 1

Note

Historical import. Session: 2025

Full Bill Text
https://docs.legis.wisconsin.gov/document/amends/2025/REG/SB637-SSA1.pdf
View full text →