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Business Incentives

Wisconsin provides many financial incentives to businesses, including tax credits, grants, and low-interest loans, that are designed to stimulate economic growth and development by reducing costs and encouraging investment. Businesses that take advantage of these incentives can lower their operational expenses, access funding for expansion and innovation, enhance their competitiveness, and significantly improve both cash flow and profitability. Utilizing these resources can also support job creation, workforce training, and the revitalization of communities, making it a strategic move for long-term business success.

Tax Rates By State

Tax Rate Wisconsin Minnesota Illinois

Corporate

7.9%
9.8%
9.5%

Personal Income

3.50%-7.65%
5.35%-9.85%
4.95%

Sales & Use

5%
6.875%
6.25%

Unemployment

Base: $14K
Base: $40K
Base: $13K

Compensation

0.27%-9.8%
0.67%-10.816%
0.85%-8.65%
Business & Tax Exemptions
Property
Manufacturing Machinery & Equipment
Merchant & Manufacturing Inventory

Waste Treatment Facilities

Computer Equipment

Sales & Use Tax Exemptions
Alternative Energy
Manufacturing Fuel, Materials, & Electricity
Manufacturing Machinery & Equipment
Manufacturing & Biotech Research
Pollution Abatement, Waste Treatment, & Research Equipment
Manufacturing & Agriculture Tax Rate

Wisconsin’s Manufacturing & Agriculture Credit gives entities in these industries an effective corporate tax rate of 0.4%.

Tax Increment Financing (TIF)
TIF Districts are allowed for Wisconsin cities, villages, and towns. Eau Claire has 8 active Tax Incremental Districts.

Tax Credits

Wisconsin businesses can claim tax credits against the corporate income and franchise tax. These credits generally fall into six categories.

Economic Development

Geography

Research

Agriculture

Target Industries

Employment

Tax Credits

Wisconsin businesses can claim tax credits against the corporate income and franchise tax. These credits generally fall into six categories.

Economic Development

Geography

Research

Agriculture

Target Industries

Employment