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Farm Events: |
Farm News: Meat Processor Tax Credit In PlacecommentsPosted: 10.21.2010 A new tax credit for Wisconsin's meat processors is in place and making a difference! The Meat Processing Facility Investment Credit program was created in the Governor’s last budget to support the modernization of the state’s meat processing industry. The tax credits build on the success of the state’s dairy modernization and investment tax programs. The program provides a tax credit for up to 10 percent of the expenditures meat processors invest in modernization or expansion. Eligible costs include construction, additions, utility upgrades, equipment, technology and other upgrades.
This is the first year that meat processors can apply for the tax credits. In the next fiscal year, $700,000 will be available for the program. The program will continue through January 1, 2017. For the full list of tax credit recipients visit: http://www.wisgov.state.wi.us/docview.asp?docid=20508.
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