Wisconsin Assembly OKs half-billion dollar tax cut

Updated: 5:26 p.m. on Feb. 16, 2021 

MADISON, Wis. (AP) — The Wisconsin Assembly is signing off on a half-billion dollar tax cut for businesses that received loans to help them keep employees on the payroll during the pandemic.

The chamber voted 87-3 on Tuesday to approve the Republican bill. The legislation cuts taxes by $540 million by the middle of 2023 for businesses that got federal Payment Protection Plan loans.

The measure is slated to go to the Senate later Tuesday.

If passed, it would then go to Democratic Gov. Tony Evers who was non-committal last week about whether he would sign or veto the measure.

The Senate passed a myriad of virus-related bills before debate began on the loan deductions in that chamber.

Published: 5:43 a.m. on Feb. 16, 2021 

MADISON, Wis. (AP) — The Wisconsin Legislature is scheduled to vote on approving a half-billion dollar tax cut for businesses that received loans to help them keep employees on the payroll during the pandemic, one of several measures related to the coronavirus that are slated for consideration.

The bill cutting business taxes by $540 million by the middle of 2023 was up for a vote Tuesday in both the Senate and Assembly.

If passed, it would then go to Democratic Gov. Tony Evers who was non-committal last week about whether he would sign or veto the measure. The Senate was voting Tuesday on a myriad of virus-related bills.