Economic Development Tax Credit Program (Wisconsin)
Last modified on February 12, 2015.
|Applies to States or Provinces||Wisconsin|
|Name||Economic Development Tax Credit Program (Wisconsin)|
|Policy Category||Financial Incentive|
|Policy Type||Corporate Tax Incentive|
|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|
|Implementing Sector|| State/Province
|Program Administrator||Wisconsin Economic Development Corporation|
|Primary Website|| http://inwisconsin.com/inside-wedc/transparency/programs/economic-development-tax-credits/
|Last Review|| 2014-09-15
The Economic Development Tax Credit (ETC) program was enacted in 2009 and eliminated five existing tax credit programs (Agricultural Development Zones, Airport Development Zones, Community Development Zones, Enterprise Development Zones and Technology Zones) and replaced them with a comprehensive program enabling businesses to earn tax credits based on jobs, capital investment, training and the location or retention of corporate headquarters.
The Economic Development Tax Credit Program offers tax credits against a business’s income tax liability. Tax credits may be earned 1) through the creation of full-time positions meeting a pre-determined rate; 2) through capital investments on property and equipment; 3) by providing training to employees; and 4) by locating company headquarters in Wisconsin.
|Contact Name||Brenda Hicks-Sorensen, VP|
|Department||Wisconsin Economic Development Corporation|
|Division||WEDC Regional Account Managers|
|Address||201 W. Washington Ave.|
Authorities (Please contact the if there are any file problems.)
|Authority 1:|| Act 2