Legislature to take up tax cut bills - WAOW - Newsline 9, Wausau News, Weather, Sports

Legislature to take up tax cut bills


MADISON (AP) -- Wisconsin state lawmakers are planning to vote on measures next week that would extend tax breaks to companies that relocate to Wisconsin and that would make it harder to approve tax hikes.

The state Senate planned to pass a bill Tuesday that would exempt new companies from paying income taxes for two years. It already cleared the Assembly.

That would cost the state $1 million over the next two years.

The Senate also plans to vote on a bill increasing economic development tax credits by $25 million, although those weren't expected to be used over the next two years.

The Assembly on Tuesday is voting on a bill that would require a two-thirds majority to pass sales or income tax increases.

All of the bills are Gov. Scott Walker's priorities.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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