ANNOUNCED AS TEMPORARYNo
On January 31, 2011 the governor of Wisconsin signed a bill (SSAB3) that creates a tax credit for corporations for tax years beginning after December 31, 2010 that may be claimed by a business that locates to Wisconsin from another state or another country and begins doing business in Wisconsin. “Locate” means moving either 51% or more of the workforce payroll of the business or at least $200,000 of wages paid to such workforce to Wisconsin during the first taxable year to which the credit relates. The credit may be claimed for two consecutive tax years, beginning with the tax year the business locates to this state and begins doing business in this state. The credit may not be claimed if the claimant has done business in this state during any of the two taxable years preceding the first taxable year in which the credit is claimed.
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