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: 
Qualified New Business Venture
Program purpose
Research and development
Statutory authority
Wis. Stats. 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
$8,400,000
Reimbursement / offset
$0
Net revenue loss
$8,400,000
Type of loss
Active
Additional notes on dislosure: 
(none)