What tax credits are available to businesses in Wisconsin?

Wisconsin offers a variety of tax credits designed to support businesses and stimulate economic growth. One of the major credits is the Wisconsin Economic Development Corporation Tax Credit, which targets businesses that create jobs or invest in capital projects. This credit is based on the number of jobs created and the level of investment. Another important option is the Research and Development Tax Credit, which provides businesses with a credit for qualified research expenses. This encourages innovation and supports companies involved in developing new products and processes. Additionally, there is the Manufacturing and Agriculture Credit, which benefits individuals or corporations engaged in these sectors by reducing the tax burden. The Historic Preservation Tax Credit is also available for businesses that rehabilitate historic properties, promoting the preservation of Wisconsin's historic sites. Furthermore, businesses may explore opportunities through local enterprise zone credits and the film production tax credit that incentivizes film and television production within the state. For a comprehensive list of available credits and specific requirements, it is advisable to refer to the Wisconsin Department of Revenue's official website, which provides detailed information about each tax credit and how to apply.