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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, 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:
  • Legal
  • Financial
  • Accounting
  • Medical
  • Real Estate Services
  • Fitness
  • Barber
  • Veterinary


  • Farm Equipment
  • Manufacturing Machinery
  • Manufacturing Raw Materials
  • Business Fuel & Utilities
  • Information Services
  • Groceries
  • Perscription Medication
  • Gasoline

 


Manufacturing & Agriculture Tax Credit

source Wisconsin Department of Revenue

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