Hamang Patel and Laura Riske
New Wisconsin tax credit law to benefit startups
On April 2, Gov. Scott Walker signed a tax credit bill, Senate Bill 449, into law as Act 184. Sen. Rick Gudex (R-Fond du Lac) and Rep. Amy Loudenbeck (R-Clinton) were the lead authors of this bipartisan legislation, which passed the Senate 32-0 and the Assembly 96-0. The bill adds new functionality to an existing Wisconsin Economic Development Corp. tax credit program and aims to encourage economic development and improve the tax climate for Wisconsin businesses.
