Capital Assets Deferral and Asset Exclusion Qualified Wisconsin Business (Wisconsin)
Last modified on February 12, 2015.
|Applies to States or Provinces||Wisconsin|
|Name||Long-Term Wisconsin Capital Assets Deferral and Wisconsin-Source Asset Exclusion Qualified Wisconsin Business Certification (Wisconsin)|
|Policy Category||Financial Incentive|
|Policy Type||Corporate Tax Incentive, Personal Tax Incentives|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wave Energy, Wind energy|
WEDC may certify businesses as a “Qualified Wisconsin Business”. The designation allows investors with WI capital gains tax liability to both defer that tax liability and if an investment is maintained for a minimum of 5 years to exempt the asset from Wisconsin capital gains tax on exit of the investment. As of January 1, 2014, this program will be transferred to the Wisconsin Department of Revenue.
This program expands and improves on a program under Wis. Stat. 238.20 the “Qualified New Business Venture Capital Gains” program that allows for long term capital gains deferral. The intent is to promote the development of early-stage capital availability by providing an incentive to reinvest capital gains into Wisconsin business and for holding WI based investments long term.
|Contact Name||General Inquiries|
|Department||Wisconsin Economic Development Corporation|
|Division||Economic and Community Development|
|Address||P.O. Box 1687|
|Address 2||201 W. Washington Avenue|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||Wis. Stat. §§ 238.145|
|Authority 2:||Wis. Stat. §§ 238.146|