Wisconsin's Richest Woman Paid No Income Taxes for Years
MADISON, Wis. (AP) — Wisconsin's richest woman paid no state income taxes from 2012 through 2014.
The tax director of the Beloit company Diane Hendricks runs says that's because of how ABC Supply is organized. Scott Bianchini tells The Associated Press that she and ABC Supply "have paid hundreds of millions of dollars of federal and state income taxes over the years in question."
Bianchini says Hendricks owed no personal income taxes because ABC Supply was organized as a C corporation, but she did owe taxes last year after it was organized as an S corporation. He says she paid $7.6 million last year.
The Milwaukee Journal Sentinel first reported Hendricks' filings.
Hendricks is a longtime backer of Gov. Scott Walker and this month was named to a national fundraising team for Donald Trump.