Gov. Evers signs 2 restaurant recovery bills into law

 

WISCONSIN (CBS 58) -- Governor Tony Evers signed two new bills into law to help Wisconsin restaurants continue to recover from the Covid-19 pandemic.

One law creates an income tax exemption for grants received from the Restaurant Revitalization Fund. 

The second law federalizes Wisconsin's treatment of the net capital loss deduction by increasing the amount of ordinary income that might offset those losses.

"To date, we've supported more than 100.000 small business, and 3,000 of those small business have opened up new storefronts on main streets across our -- across the state of Wisconsin," Evers said. 

Both bills passed with bipartisan support.

Gov. Evers says he hopes these measures will provide clarity to restaurant owners and ease any stress from pandemic pressures.