Wisconsin Allows Tax Credits to Expire

Several Wisconsin tax credits expired for taxable years beginning on or after January 1, 2014. While no new credits may be computed, according to the Wisconsin Department of Revenue unused nonrefundable credits computed prior to the expiration date may be carried forward subject to the carryforward limitations of each credit.

The following tax credits have expired for taxable years beginning on or after January 1, 2014:

Refundable Credits

  • Dairy manufacturing facility investment credit
  • Meat processing facility investment credit
  • Food processing plant and warehouse investment credit
  • Film production services credit
  • Film production company investment credit
  • Beginning farmer and farm asset owner credit

Non-refundable Credits

  • Biodiesel fuel production credits
  • Dairy and livestock farm investment credit
  • Internet equipment credit
  • Ethanol and biodiesel fuel pump credit
  • Post-secondary education credit
  • Water consumption credit
  • Super research and development credit
  • Research facilities credit

For more information regarding Wisconsin tax credit programs, contact Walton.

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