Resource Details
Agriculture, Business
Wisconsin Manufacturing and Agriculture Credit
The Manufacturing and Agriculture Credit will offset a significant share of Wisconsin income taxes. The credit amounts to 7.5% of “eligible qualified production activities income,” resulting in an effective corporate tax rate of 0.4%.
Eligibility
The Manufacturing and Agriculture Credit is available to individuals and entities for income derived from manufacturing or agricultural property located in Wisconsin.
Top Benefits
- Supports individuals and businesses in manufacturing and agriculture industries
- Nearly eliminates the tax on income from manufacturing activity in the state.
Related Resources
Business, Economic Development, Education & Schools, Health & Mental Health
USDT New Markets Tax Credit Program
U.S. Department of the Treasury
The NMTC Program attracts private capital into low-income communities by permitting individual and corporate investors to receive a tax credit against their federal income tax in exchange for making equity investments in specialized financial intermediaries.