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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.

State or TerritoryWisconsin
Effected JurisdictionWisconsin
Jurisdiction type: State or Territory
Fiscal year ending In2019
Program nameDevelopment Opportunity Zone (OZ) Tax Credit
Program purpose: Business attraction/retention/expansion
Statutory authority: Wis. Stats. 238.395
Abating jurisdiction(s): State of Wisconsin
Applicable taxesIncome Tax
Method of abatement: Tax Credit
Provisions for recapture: WEDC may revoke tax benefits if false or misleading information is provided, if the business ceases to operate in the zone or moves outside the development zone
Gross revenue loss: $700,000
Reimbursement / offset: $0
Net revenue loss: $700,000
Type of loss: Active
Additional notes on dislosure(none)