Wisconsin State Budget Update – Video
WMC’s government relations team has been working with the Wisconsin Legislature for months to help the legislators understand the issues important to Wisconsin businesses. The
June 21, 2013
Legislative Updates
Public Policy
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Prior Audit Determinations
The 2013-15 state budget creates a new protection for taxpayers who were subject to an audit determination by the state Department of Revenue (DOR) since
June 19, 2013
Interest on Amounts Owed to Taxpayers
The 2013-15 state budget reduces the interest rate on amounts owed by the Department of Revenue (DOR) to taxpayers from 9% to 3%. This change
June 19, 2013
Eliminate Angel Investment Tax Credit Cap
The 2013-15 state budget eliminates the $47.5 million cap on the maximum amount of angel investment tax credits that the Wisconsin Economic Development Corporation (WEDC)
June 19, 2013
Elimination of Eighteen Business Tax Credits
The 2013-15 state budget eliminates seventeen business tax credits in 2014 and one in 2015 with the intent of simplifying the state tax code. Each
June 19, 2013
Clarifications to the Manufacturing R&D Sales Tax Exemption
The 2009-11 state budget created a sales and use tax exemption for manufacturing and biotechnology research. This exemption applies to businesses primarily engaged in manufacturing
June 19, 2013