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Wisconsin Doubles State Capital Gains Exclusions for State OZ Investments

Wednesday, March 4, 2020 - 10:45AM

Wisconsin Gov. Tony Evers signed legislation this week to allow state taxpayers to double the state income and franchise tax exclusion treatments for capital gains invested in Wisconsin-centered qualified opportunity funds (QOFs), defined as QOFs that hold at least 90 percent of assets in Wisconsin opportunity zones projects. A.B. 532 allows Wisconsin taxpayers to exclude 20 percent of deferred gains for investments held in a Wisconsin QOF for at least five years or 30 percent for investments held at least seven years in a Wisconsin QOF. The benefits begin with the 2020 tax year.

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