The Wisconsin Department of Revenue informed taxpayers that Form WQOF must be filed with the department by Wisconsin-centered qualified opportunity funds (QOFs) and each investor must receive a copy of the form by Jan. 31 of the year following the close of the fund’s taxable year. Wisconsin A.B. 532 allows Wisconsin taxpayers to exclude 20 percent of deferred gains from state income and franchise tax for investments held in a Wisconsin QOF for at least five years and to exclude 30 percent for investments held at least seven years in Wisconsin QOF. A Wisconsin QOF is a fund that holds at least 90 percent of its assets in Wisconsin opportunity zones (OZs).