Wisconsin Department of Commerce Tax Credits Available
Wisconsin Department of Commerce Tax Credits Available
Processing Facility Investment Credit and Food Processing Plant and Food Warehouse Investment Credit. The deadline for applications is February 15, 2011.
These tax credits are offered to those businesses that have invested to modernize or expand their facilities in Wisconsin during the 2010 taxable year.
There is information below regarding the tax credit requirements. If you are interested in more information please contact the CCEDC office at 715-723-7150 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Dairy Manufacturing Facility Investment Credit
Businesses that are engaged in the processing of milk into dairy products or processing dairy products for sale commercially are eligible to apply for tax credits under this program.
Businesses can earn up to 10% of the amount spent in a taxable year for modernizing and expanding dairy manufacturing facilities. The maximum amount a business can receive is $200,000; however, partnerships, limited liability companies, tax-option corporations and dairy cooperatives can receive a maximum of $200,000 for each of the entity's manufacturing facilities. The Department of Commerce has $700,000 available annually, until January 1, 2015, for businesses that are not dairy cooperatives. A total of $700,000 is available annually for dairy cooperatives for each fiscal year until January 1, 2017.
Meat ProcessingFacility Investment Credit
Businesses engaged in processing livestock into meat products or processing meat products for sale commercially may be eligible to apply for the tax credits. Meat products do not include sandwiches, spreads, appetizers, soups, salads, dinners, pizzas, pasties or any other product that uses meat in any manner other than as the predominant ingredient. Meat products also do not include products that are processed through custom or mobile processing or slaughtering.
Tax credits are earned by incurring eligible expenses for meat processing modernization or expansion, which means constructing, improving or acquiring buildings or facilities or acquiring equipment, if used exclusively for meat processing and if acquired and placed in service in Wisconsin during taxable years that begin after December 31, 2008, and before January 1, 2017.
Businesses can earn up to 10% of the amount spent in the taxable year for modernizing and expanding meat processing facilities. The maximum amount a claimant can receive over the life of the program is $200,000. The Department of Commerce has a total of $700,000 available to allocate for each fiscal year until January 1, 2017. The Department may prorate some or all of the allocations in order to broaden the potential for promoting economic development.
Food Processing Plant and Food Warehouse Investment Credit
Tax credits are earned by incurring eligible expenses for food processing plant or food warehouse modernization or expansion, which means constructing, improving or acquiring buildings or facilities, or acquiring equipment for food processing or food warehousing, if used exclusively for food processing or food warehousing and if acquired and placed in service in Wisconsin during taxable years that begin after December 31, 2009, and before January 1, 2017. "Used exclusively" means used to the exclusion of all other uses except for use not exceeding 5 percent of total use.
Businesses can earn up to 10% of the eligible expenses spent in the taxable year for modernizing and expanding food processing plants and food warehouses. The maximum amount a claimant can receive over the life of the program is $200,000. The Department of Commerce has a total of $700,000 for each fiscal year until January 1, 2017. The Department may prorate some or all of the allocations in order to broaden the potential for promoting economic development.

