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ICYMI: Stoughton Trailers Founder Don Wahlin Shares Secrets to Success at Manufacturing Hall of Fame Induction Ceremony
Wahlin Named as 80th Inductee, Praises Manufacturing MADISON – Don Wahlin, founder of Stoughton Trailers, was formally inducted into the Wisconsin Manufacturing Hall of Fame
UPCOMING EVENT
Business Day in Madison will take place on Thursday, October 19, 2024 at the Monona Terrace Community & Convention Center. This event brings business leaders from all over the state together to discuss important issues facing the business community and our state. We invite you to attend what is certain to be an insightful program.
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WMC's Latest Employer Survey
A new survey of Wisconsin businesses previewed a slow economic start to 2024, as only one-fifth of employers have a positive view of the state’s economy. According to the Wisconsin Employer Survey, 22 percent of businesses rank the Wisconsin economy as strong, which is a significant drop from 39 percent just six months ago and a steady decline from 58 percent in the Summer 2021 survey.
However, the national economy performs even worse with only 10 percent rating it as strong and 28 percent saying it is weak – up from 18 percent one year ago. This abysmal rating of the national economy is actually lower than the 12 percent of Wisconsin employers who rated the U.S. economy as strong in the Summer 2020 survey, which was taken during the economic shutdowns that occurred in response to the COVID-19 pandemic.
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WISCONSIN'S CHAMBER
News and Updates
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.
Federalizing Depreciation and Depletion
The 2013-15 state budget federalizes state rules pertaining to depreciation, Section 179 expensing, and depletion for property placed in service on or after January 1,
Eliminate the Economic Development Surcharge for Pass-Through Entities
The 2013-15 state budget eliminates the economic development surcharge for farms, partnerships, and individuals beginning in 2013. The economic development surcharge is applied to businesses