Statement: Assembly Bill 2 – Taxpayer Omnibus Bill Passes State Assembly
Madison, WI – Rep. Robert Wittke (R-Wind Point) released the following statement regarding the passage of Assembly Bill 2, authored by Rep. Wittke.
“Throughout the pandemic, businesses across Wisconsin have struggled and fought to stay open while too many have closed permanently. Many Wisconsin businesses applied for a federal Paycheck Protection Program, or PPP loan, to help them keep their doors open and employees working. Today the State Assembly passed Assembly Bill 2 (AB 2) on a bipartisan vote of 87-2. AB 2 conforms state and federal tax law, allowing for PPP loans to be untaxed as Congress ordered.
The two federal rounds of PPP loans were created to help save jobs and livelihoods during government shutdowns. Right now, Wisconsin businesses need relief especially when they are trying to keep employees working and businesses open.
Assembly Bill 2 is expected to pass in the Senate and head to the governor’s desk for his approval.”
Representative Robert Wittke represents Wisconsin’s 62nd Assembly District which includes a portion of the City of Racine, the Village of Caledonia, North Bay, Raymond, Wind Point, and the Town of Norway.