Madison Office: 122 South, State Capitol  Phone: (608) 266-7745  E-mail: Sen.Harsdorf@legis.wi.gov
Tax Credits for Job Creators Signed into Law

Companies relocating to Wisconsin will be exempt from paying income or franchise taxes for the first two years they do business in Wisconsin after the Governor signed new legislation into law this week. Additionally in other legislation signed into law, the amount available for economic development tax credits, which are directly tied to job creation, employee training, or capital investment, was increased by $25 million.

The bills were passed as part of the legislature’s special session focused on spurring job growth. By providing incentives for companies to bring jobs to Wisconsin and rewarding businesses for job creation we take an important step towards encouraging economic recovery and putting people back to work.