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Tax PoliciesAdd to Report

Source: Wisconsin Department of Revenue

Some of the benefits that businesses located in Wisconsin enjoy include:

  • Property Tax Exemptions for manufacturing machinery, inventory & equipment
  • Sales/Use Tax Exemptions for manufacturing machinery, materials & equipment
  • Sales/Use Tax Exemptions for biotechnology and manufacturing research
  • Tax Credits related to economic development, geography, employment, targeted industry sectors, agriculture & research
  • Tax Incremental Financing (TIF) Districts for cities, villages & towns
  • 30% exclusion for long-term capital gains
  • Investment Incentives

Tax Comparisons

Source: Tax Foundation, 2015 State Business Tax Climate Index

Wisconsin Minnesota Illinois
Corporate 7.9% 9.8% 9.5%
Personal Income 4.4% - 7.65% 5.35% - 9.85% 5% flat rate
Sales & Use State: 5%
Avg Local Rate: 0.43%
Eau Claire's Rate: 0.5%
State: 6.88%
Avg Local Rate: 0.32%
State: 6.25%
Avg Local Rate: 1.93%
Unemployment
Insurance
Base: $14,000
Rate: 0.27% - 9.8%
Base: $29,000
Rate: 0.10% - 9%
Base: $12,960
Rate: 0.55% - 8.55%

State Sales Tax Exemptions 

for Business-to-Business Transations. Source: Tax Foundation, 2015 State Business Tax Climate Index

Wisconsin Minnesota Illinois
Insecticides and Pesticides Exempt Exempt Exempt
Fertilizer, Seed, and Feed Exempt Exempt Exempt
Seedlings, Plants, and Shoots Exempt Exempt Taxable
Manufacturing Machinery Exempt Exempt Exempt
Manufacturing Utilities/Fuel Exempt Exempt Taxable
Farm Machinery Exempt Exempt Exempt
Treatment of Services Taxable Taxable Exempt
Downloaded Software Partially Taxable Partially Taxable Partially Taxable
Leasing Motor Vehicles Taxable Taxable Taxable
Leases/Rentals of Tangible Personal Property Taxable Taxable Exempt
Leasing Rooms and Lodgings Taxable Taxable Taxable
Raw Materials Exempt Exempt Exempt
Office Equipment Taxable Taxable Taxable
Pollution Control Equipment - Air Taxabe Taxable Taxable
Pollution Control Equipment - Water Taxable Taxable Taxable
Gasoline Exempt Exempt Taxable
Groceries Exempt Exempt 1%


Manufacturing & Agriculture Tax Credit

source Wisconsin Department of Revenue

Corporate Rate Tax Credit Adjusted Rate
7.9% 7.5% .4%