Wisconsin Department of Revenue (DOR)

Pile of money

State tax revenues continue to outpace previous forecasts

BY: - September 3, 2021

Wisconsin tax collections are more than $300 million ahead of a June forecast, and Republicans and Democrats in the Capitol are each claiming credit for the added windfall. The state Department of Revenue reported this week that it now expects total tax collections for Fiscal Year 2021 — which ended June 30 — to clock […]

State offers new grants to small businesses as Evers vetoes GOP bills to direct relief funds

BY: - April 23, 2021

Wisconsin small businesses will share in $420 million in grants to bolster them as they recover from losses brought on by the COVID-19 pandemic under a program that Gov. Tony Evers announced Thursday. The funds — in grants of $5,000 each to as many as 84,000 businesses in the state — will come from Wisconsin’s […]

Business chart image with human figures falling off the end of the declining graph line

PPP-linked tax break heads to governor’s desk

BY: - February 16, 2021

Businesses that received federal loans during the COVID-19 pandemic and got to keep the money tax-free will get an additional state tax deduction, costing the state more than $400 million under legislation that passed the Assembly and Senate Tuesday. The hefty tax break is part of a broader and largely uncontroversial bill to update Wisconsin’s […]

Tax withholding paperwork calculator

Tax break on business costs covered by PPP clears committee

BY: - February 11, 2021

Democrats on the Legislature’s Joint Finance Committee sought changes Wednesday to more narrowly focus a $450 million state income tax break for businesses that received COVID-19 help from the federal government. But the Republican-controlled committee rejected all of them before sending the measure to the full assembly. The overall bill, AB-2, primarily consisted of routine, […]

Proposal would grant tax breaks to businesses with expenses covered by PPP

BY: - February 10, 2021

What was supposed to be a routine piece of tax code legislation has become the vehicle for a $450 million or more tax break for Wisconsin businesses that received federal loans to help them in the pandemic. The proposed change would enable a business to take a tax deduction on expenses it incurred in the […]