Free Newsletter
Senate approves tax break for relocating businesses
By: Associated Press//January 25, 2011//
Listen to this articleMADISON, Wis. (AP) — The Wisconsin state Senate has approved a tax break for businesses that relocate to Wisconsin.
The break would essentially forgive state corporate and personal income taxes on companies that relocate to Wisconsin from elsewhere for two years. Only companies that haven’t been in Wisconsin for the past two years could qualify.
Democrats said the bill passed Tuesday was so small it was insignificant. The break is projected to cost $1 million over two years.
Republican Senate Majority Leader Scott Fitzgerald says the tax break is part of a larger Walker strategy to improve the economy and fix the budget.
It passed 24-9 with five Democrats joining 19 Republicans in support.
Related Articles
Related Content
Polls
Loading ...Today’s News
- Unemployment remains at all-time lows as Wisconsin job market cools
- Feds award $8M grant to Milwaukee airport concourse redevelopment
- Truck driver moves barrier, runs into wet concrete in Milwaukee County interchange
- Tosa’s new TIF district poises 92 apartments on Mayfair Road
- Wisconsin Pre-Bid Meetings – Week of May 25, 2026
- Industry chips in for Wauwatosa high school trades program
- Feds announce $94M for Wisconsin to replace lead pipes
- Bob Uecker mural going up in downtown Milwaukee
- Contractor teaches Milwaukee middle school students about construction careers
- Construction begins on Milwaukee’s 373-unit 100 East apartment conversion
- Wisconsin worker deaths slightly decline but remain high
- After neighbor concerns, Milwaukee alderwoman delays apartments review
Project Profiles
- First prefabricated bridge in US installed in Eau Claire County
- Illinois developer worked with Wisconsin contractor to build 258-unit Wauwatosa apartment complex
- VJS Construction raises the roof for Bruce Guadalupe Community School expansion project
- Microgrid pilot project will store energy for village affected by outages
- Dane County sees uptick in highway work zone crashes, on track to exceed last year
- The Hop streetcar will debut newest service route in fall with limited service
- FPC Live slims venue proposal to 1 downtown building
- Children’s Hospital urgent care center in Milwaukee gets first round of city approval
- With Sonag Construction shut down, feds move to block indicted owner from collecting leftover assets
- Four contractors selected to build border wall prototypes
- UW-Milwaukee’s Greenstreet shaping minds (and the city)
- Turning the Corner(s) (PHOTO SLIDESHOW)