Wisconsin Issues Tax Bulletin Summarizing Recent Tax Law Changes
On July 1, 2015, the Wisconsin Department of Revenue issued Tax Bulletin 189 summarizing the various tax changes as a result of Wisconsin tax law changes. Some of the changes provided are:
- Enacted federal laws are simultaneously enacted for Wisconsin purposes effective for tax years beginning before January 1, 2014;
- TV Corridor payment subtraction eliminated for taxable years beginning on or after January 1, 2016; and
- Sunset of the job creation deduction effective for taxable years beginning on or after January 1, 2015
In addition the above changes, there are changes to various corporate tax credits, sales and use tax activities, and other various taxes. For more information and a copy of the tax bulletin, click here.