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INCENTIVE DESCRIPTION
| State: | WI |
| Incentive Type: | Special Purpose Zone Incentives and Credits |
| Incentive Title: | Other Tax Incentives/Credits |
| Description: | 1. AGRICULTURAL DEVELOPMENT ZONE (ADZ) PROGRAM: Tax credits are available to the retention and expansion of agricultural businesses. Four designated regions statewide. Tax credits include 1) capital investment credit for real and personal property; 2) job creation and retention credit; and an environmental remediation tax credit. Credits are nonrefundable, but may be carried forward 15 years. 2. COMMUNITY DEVELOPMENT ZONE (CDZ) PROGRAM: Program using tax credits to encourage the expansion and retention of jobs and investment. Credits are non-refundable and may be carried forward 15 years. |
| Eligibility Requirements: | 1. Business must be located in a designated zone and be involved with agriculture. 2. Must create new full-time jobs which pay at least $9.75 an hour. One-third of jobs must be set aside for target groups. |
| Geographic Restrictions: | Designated areas |
| Granting Authority: | Department of Commerce |
| The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com |
Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives. |
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