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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

Effected JurisdictionWisconsin
Jurisdiction type: State
Fiscal year ending In2021
Program nameQualified New Business Venture
Program purpose: Research and development
Statutory authority: Wisconsin Statutes 238.15
Abating jurisdiction(s): State of Wisconsin
Applicable taxesIncome Tax
Method of abatement: Tax Credit
Provisions for recapture: The certified business must pay a penalty ranging from 60% to 100% of the Tax Credit provided if it relocates out of state during the 3 years after it received an investment
Gross revenue loss: $9,600,000
Reimbursement / offset: $0
Net revenue loss: $9,600,000
Type of loss: Active
Additional notes on dislosure(none)