Tax and Incentive Information

TAX AND INCENTIVE INFORMATION

Please provide information, in as much detail as possible, on the below topics which may be applicable to development of the Industrial Parks and some available buildings:

Incentives & grants (One time occurrence)

1. Brownfield incentives (if applicable)

·  Available in varying degrees mostly depend pendant upon tax base development

2. Utility extension grants

·  Any public utilities, within the public right-of-way will be paid through the Tax Incremental Financing District.

3. Fiber extension grants

·  Any public utilities, within the public right-of-way will be paid through the Tax Incremental Financing District.

4. Roadway extension grants

·  Any public utilities, within the public right-of-way will be paid through the Tax Incremental Financing District.

5. Job training assistance

·  There are several programs which could be of benefit to you. Refer to the State Web Site: http://www.commerce.state.wi.us/BD/

6. Job tax credits

·  http://www.commerce.state.wi.us/BD/BD-TaxCreditPrograms.html

7. Property tax abatement (personal and real)

·  Property tax abatement cannot be done in Wisconsin; however, the tax credits, Tax Incremental Financing and other labor programs attempt to off-set property taxes. Machinery & Equipment is tax exempt, as is computers and inventory.

·  Refer to: http://www.revenue.wi.gov/

Taxes (Annually)

1. Land and building property tax

·  $25.1084 per $1,000 of assessed valuation. A $1miliion assessed building would carry a tax of $25,108.40. Generally the cost of construction for manufacturing buildings does not indicate value. For instance, Eggers Industries, a local wood veneer manufacture, constructed a 260,000 square foot facility through an investment of $23 million into land, building, machinery & equipment. Eggers real estate assessed value is $8,355,700.

2. Equipment property tax

·  Wisconsin DOES NOT tax machinery & equipment used in production. Computers are also tax exempt. Office equipment & fixtures is taxed on the depreciate value.

·  Refer to: http://www.forwardwi.com/category39/Business-Taxes-and-Costs

3. Inventory tax

·  Wisconsin does not have an inventory tax

4. Franchise tax

·  Refer to: http://www.forwardwi.com/category39/Business-Taxes-and-Costs or click on: http://www.dor.state.wi.us/pubs/pb502.pdf

5. Corporate excise tax

·  7.9% flat corporate tax based upon net income and has remained that way for the last 20 years.

·  Refer to: http://www.forwardwisconsin.com/forward_docs/uploaded_documents/resources_for_economic/WIStateTaxRates.pdf