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 Territory: | Wisconsin |
Effected Jurisdiction: | Wisconsin |
Jurisdiction type:![]() | State or Territory |
Fiscal year ending In: | 2023 |
Program name: | Qualified New Business Venture |
Program purpose:![]() | Research and development |
Statutory authority:![]() | Wisconsin Statutes 238.15 |
Abating jurisdiction(s):![]() | State of Wisconsin |
Applicable taxes: | Income 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:![]() | $7,400,000 |
Reimbursement / offset:![]() | $0 |
Net revenue loss:![]() | $7,400,000 |
Type of loss:![]() | Active |
Additional notes on dislosure: | (none) |
Document source: | https://doa.wi.gov/budget/SCO/FY%202023%20ACFR%20Final.pdf |