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: 
2020
Program name: 
Business Development Credit
Program purpose
Job creation/retention; Capital investment; Business attraction/retention
Statutory authority
Wisconsin Statutes 238.308
Abating jurisdiction(s)
State of Wisconsin
Applicable taxes: 
Income 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 dislosure: 
Includes Economic Development, Jobs Tax Credit and Business Development Credit abatements