Taxes & Spending
WISCONSIN'S CHAMBER
Taxes & Spending
Municipal Fees Appeals Process
June 14, 2013
The 2013-15 state budget creates an appeals process by which a citizen may challenge an unreasonably high municipal fee in the state Tax Appeals Commission
Additional Income Tax Cuts if the Marketplace Fairness Act is Adopted
June 14, 2013
If federal law is changed to allow the collection of state sales taxes on out-of-state retailers (the Marketplace Fairness Act), the 2013-15 state budget requires
Phase-In of the Manufacturing & Agriculture Credit
June 14, 2013
Also known as the Manufacturers Tax Credit, the Manufacturing & Agriculture Credit (MAC) was established under the 2011-13 state budget with a phase-in period beginning
Adopting an IRC Update
June 14, 2013
Prior to 2001, Wisconsin had automatically updated its state tax code to reflect changes made at the federal level, as many states do. That year,
Individual Income Tax Rate Reduction
June 14, 2013
Governor Walker’s initial 2013-15 budget released in February 2013 proposed lowering the bottom three individual income tax brackets by $343 million during the two-year period.
Federalizing Depreciation and Depletion
June 14, 2013
The 2013-15 state budget federalizes state rules pertaining to depreciation, Section 179 expensing, and depletion for property placed in service on or after January 1,
Eliminate the Economic Development Surcharge for Pass-Through Entities
June 14, 2013
The 2013-15 state budget eliminates the economic development surcharge for farms, partnerships, and individuals beginning in 2013. The economic development surcharge is applied to businesses
Venue of Tax Appeals
June 14, 2013
Previous Wisconsin law allowed appeals to decisions of the Tax Appeals Commission regarding income and franchise tax or the real estate transfer fee can be
WMC Praises Pro-Growth, Tax-Cutting State Budget Passed by JFC
June 5, 2013
Lower Taxes A Top Priority for Wisconsin Businesses MADISON – Wisconsin’s job outlook will improve with nearly $1 billion in lower individual and business taxes
Wisconsin Plan Cuts Rates, Broadens Bases, Improves State Business Tax Climate Ranking
May 30, 2013
Wisconsin Representative Dale Kooyenga today introduced a bill that reforms a host of elements of Wisconsin’s tax code that would improve the state’s ranking in