The 2013-15 state budget adopts federal rules for net operating losses for individual income tax. Beginning in 2014, net operating losses can be carried forward 20 years and carried back two years. Previous state law allowed a 15-year carry-forward but did not allow for carry-backs. Carry-forwards allowed for net business losses under the current state corporate tax code are unchanged.

Report Highlights Wisconsin’s Competitive Problems
https://www.youtube.com/watch?v=Tbl3uX117CM Wisconsin has a competitiveness problem. With a hefty tax burden on middle-class families and businesses, a declining population, an unworkable regulatory environment, poor educational


