Assembly votes to increase enterprise zones
MADISON, Wis. (AP) — The number of enterprise zones designed to foster business development and growth in targeted areas across the state would increase under a bill passed by the state Assembly.
The bill passed on a bipartisan 79-12 vote Tuesday by the Assembly is backed by Republican Gov. Scott Walker.
The proposal would increase the number of enterprise zones from 12 to 20. Businesses that locate or expand in enterprise zones are eligible for a range of tax breaks.
Three of the new zones would have to be in designated areas with less than 5,000 people. Two others would have to be in areas with between 5,000 and 30,000 people.
Tax breaks are offered for creating jobs, with greater benefits in economically distressed areas.
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