Our new Governor (Wisconsin) Scott Walker has signed legislation giving businesses that relocate to Wisconsin two years “free” – no corporate OR personal income taxes:
MADISON (WKOW) — Governor Scott Walker has signed a bill that gives income tax breaks for companies that relocate to Wisconsin.
The bill will forgive corporate and personal taxes for two years for companies that move to the state. The company could not have been located in Wisconsin for at least two years in order to qualify
I think they mean personal income taxes such as if you were running the company as a pass through like an LLC. I assume that is what they are talking about. Any way you slice it, this is fantastic news.
This got through the legislature with lightning speed, helped out by the fact that all three of our branches are Republican controlled now up here behind the cheddar curtain. I also read today that the public employee unions are getting ready for some very bad news for them in the near future.
We have just begun with the Walker administration, but I am very hopeful and happy by this stroke. Walker also sent back the Obama buck$ that would have started out the sham “high speed” rail network that would have been a boondoggle for the ages.
We may as well pick off what is left of the Illinois corpse before other states do.
Hopefully Walker will end up being a star like some other up and comers such as Mitch Daniels of Indiana.