Wisconsin Business Tax Incentives

The Wisconsin Department of Revenue has issued a publication providing an overview of tax credits available to businesses for 2011. The publication provides information about Wisconsin tax incentives that may be available to corporations, tax-option (S) corporations, partnerships, limited liability companies, and sole proprietorships doing business in Wisconsin for taxable years beginning in 2011. Five new tax incentives are available for taxable years beginning in 2011: (1) super research and development credit, available for taxable years beginning on or after January 1, 2011; (2) community rehabilitation program credit, available for taxable years beginning on or after August 1, 2011; (3) beginning farmer and farm asset owner tax credit, available for taxable years beginning on or after January 1, 2011; (4) relocated business credit/deduction, available for taxable years beginning on or after January 1, 2011; and (5) job creation deduction, available for taxable years beginning on or after January 1, 2011.