Issues
WISCONSIN'S CHAMBER
Issues
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
Phase-In of the Health Insurance Premium Deduction
The 2007-09 state budget created an individual income tax deduction for health insurance premiums paid by employees whose employer pays some portion of the employee’s
WMC’s 2013 Tax Policy Toolkit
The 2013-15 state budget includes significant tax policy reforms that will improve the business climate in Wisconsin, including tax relief amounting to nearly $986 million
Extending the R&D Tax Credit to Pass-Through Entities
Under previous Wisconsin law, only C corporations were eligible to claim the federal research & development expense credit at the state level. The 2013-15 state
Federalizing Net Operating Loss Rules
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
Municipal Fees Appeals Process
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
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
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
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
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.