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Office of Governor
Scott Walker 
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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.
Governor's Budget Enhances Programs for Technology Development New tools in the Governor's 2009-11 budget strengthen venture and angel investing and improve access to capital technology firms. We can now allow more Wisconsin companies in more industries the opportunity to invest in Qualified New Business Ventures. Incidentally, we now certified more than 100 Qualified New Business Ventures ... or QNBVs. We've increased the supply of tax credits and created a new and powerful investment opportunity for Wisconsin's insurance industry, which can now write off these investments against the gross premiums tax. We can now allow companies, not the government, to decide how to best incent outside investment. We can allow the transferability of credits from investors in early stage funds beyond our borders to someone with a Wisconsin tax liability. But that's not all. We've gone further to leverage Investment in Wisconsin start-up businesses We can now provide 100-percent exclusion to those who invest their capital gains in Wisconsin start-up businesses designated by the department as Qualified New Business Ventures. We can allow deferral of taxes on up to $10 million of gain realized from sales of capital assets held for more than one year if reinvested in a QNBV. To learn more about these programs, contact area development manager in your region at -- Richard J. Leinenkugel, Secretary |
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