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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 In2020
Program nameBusiness Development Credit (also includes the Economic Development and Jobs Tax Credit programs)
Program purpose: Job Creation/Retention
Statutory authority: Wisconsin Statutes 238.308
Abating jurisdiction(s): State of Wisconsin
Applicable taxesIncome Tax
Method of abatement: Tax Credit
Provisions for recapture: WEDC may require repayment of tax benefits claimed for a year in which the person failed to employ an eligible employee required by the agreement
Gross revenue loss: $34,700,000
Reimbursement / offset: $0
Net revenue loss: $34,700,000
Type of loss: Active
Additional notes on dislosureIncludes Economic Development, Jobs Tax Credit and Business Development Credit abatements