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, 2018 State Business Tax Climate Index| Wisconsin | Minnesota | Illinois | |
| Corporate | 7.9% | 9.8% | 9.5% |
| Personal Income | 4% - 7.65% | 5.35% - 9.85% | 4.95% flat rate |
| Sales & Use | State: 5% Avg Local Rate: 0.42% Eau Claire's Rate: 0.5% |
State: 6.875% Avg Local Rate: 0.42% |
State: 6.25% Avg Local Rate: 2.44% |
| Unemployment Insurance |
Base: $14,000 Rate: 0% - 12% |
Base: $32,000 Rate: 1% - 9% |
Base: $12,960 Rate: 0.55% - 7.35% |
State Sales Tax Exemptions
for Business-to-Business Transactions. Source: Tax Foundation, 2018 State Business Tax Climate Index
Wisconsin businesses enjoy sales tax exemptions on the following:
| Services: | Goods: |
|
|
Manufacturing & Agriculture Tax Credit
source Wisconsin Department of Revenue
| Corporate Rate | Tax Credit | Adjusted Rate |
| 7.9% | 7.5% | .4% |