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:
Wisconsin
Reporting Jurisdiction:
Wisconsin
Jurisdiction type
:
State

Fiscal year ending In:
2019
Program name:
Development Opportunity Zone Tax Credit
Program purpose
:
Business expansion

Statutory authority
:
Wis. Stats. 238.395

Abating jurisdiction(s)
:
State of Wisconsin

Applicable taxes:
Income 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)