Commerce logo for web pages and Wisconsin Department of Commerce Home Page Link.
Map highlighting Wisconsin
Change text size A A A A A A A
Connect with us Visit our profile on LinkedIn. Leaving commerce.wi.gov and going to http://www.linkedin.com/companies/wisconsin-department-of-commerce Follow us on Twitter. Leaving commerce.wi.gov and going to http://twitter.com/WICommerce
 
Business Development
Related Resources

Reporter Contacts
(608) 267-4417

Central Building Location:
201 W. Washington Ave.
Madison, WI 53703
View map / get directions

Mailing Address:
P.O. Box 7970
Madison, WI 53707-7970

Office of Governor
Scott Walker
Link to Governor Walkers's web site
 
Bookmark and Share
IMPORTANT: As of July 1st, 2011, functions once performed by the Wisconsin Department of Commerce have been moved to other state agencies and the Wisconsin Economic Development Corporation. The former Commerce web site will continue to exist for the next several months as resources are moved to new web site locations. We will make every attempt possible to direct our users to the new locations as web resources are moved.

Wisconsin Manufacturing Investment Credit Program (MIC)

2003 Wisconsin Act 99 provided for a new individual and corporate income tax credit for fuel and electricity used in manufacturing effective for taxable years beginning on or after January 1, 2008, for taxpayers with more than $25,000 of carryforwards.  The credit is nonrefundable and is equal to 100% of total unused manufacturers’ sales tax credit carryforwards.  The credit is amortized over 15 years, and any unused credit amounts in any one year may be carried forward to subsequent years.


The Program Application Period is Closed.


Business having more than $25,000 in unused income and franchise tax credit carryforwards based on the sales and use tax paid on fuel and electricity used in manufacturing prior to taxable years beginning after December 31, 2005.

Department of Revenue has posted this article summarizing tax benefits available to taxpayers who have unused manufacturer's sales tax credits: Manufacturing Investment Credit is Available for 2008.

See http://www.legis.state.wi.us/rsb/code/comm/comm130.pdf to view the entire Administrative Rule accompanying the Manufacturing Investment Credit program.

Eligibility Criteria

In order to claim the new credit, an eligible taxpayer must be certified by the Department of Commerce that it has met one of the following three criteria:

  • The business has retained 100% of full-time 1 jobs that it employed in Wisconsin from December 23, 2003, through either December 31, 2006, or December 31, 2007; or

  • The business’s average annual investment 2 in Wisconsin from January 1, 2003, through either December 31, 2006, or December 31, 2007, is equal to no less than 2 percent of the total book value3 of the business’s depreciable assets in facilities that are based in Wisconsin; or

  • The business’s average annual investment 2 in Wisconsin from January 1, 2003, through either December 31, 2006, or December 31, 2007, is no less than $5,000,000.

1Under s. 560.28 (1), Stats., “full-time job” means a regular, nonseasonal full-time position in which an individual, as a condition of employment, is required to work at least 35 hours in a week.

2“Annual investment” means the purchase price of depreciable, tangible personal property, and the amount expended to acquire, construct, rehabilitate, remodel, or repair real property, for all of the taxpayer’s facilities that are based in Wisconsin, in each calendar year.

3“Book value” means an asset's cost minus the accumulated depreciation since the asset was acquired.

If you require program assistance: Contact Amy Cumblad at  Amy.Cumblad@Wisconsin.gov or (608) 266-2688.