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.
Federalizing Net Operating Loss Rules
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MILWAUKEE – Nine Wisconsin companies were named as winners in the 35th Annual Wisconsin Manufacturer of the Year (MOTY) Awards for outstanding achievements in manufacturing.
WMC’s Rachel Ver Velde testified on legislation regarding pharmacy benefit managers (PBMs), sharing concerns about a few key provisions in AB 773. The high cost
Wisconsin Manufacturers & Commerce (WMC) – the combined state chamber and manufacturers’ association – announced on Thursday that Rachel Ver Velde was promoted to Associate Vice President of Government Relations. In addition, she will take on additional duties as a senior political advisor for the organization.
WMC’s Senior Director of Environmental & Energy Policy Craig Summerfield testified in opposition to legislation (AB 258) to establish new requirements for so-called “community solar”