Legislators hope tax credits sway GM
That vote designates Janesville as a Development Opportunity Zone that would be eligible for up to $10 million in tax credits.
When the final state budget—a marriage of Senate and Assembly versions—comes up for a vote, Robson said she will vote on two tax breaks to help GM.
The budget version the Senate approved Wednesday didn’t include a capital investment tax credit that would give companies a 10 percent break on major capital expenditures.
The original budget proposal left the state’s Joint Finance Committee and headed to both the Assembly and Senate. Once it got to the Assembly, the investment tax credit was added at the request of Speaker Mike Sheridan, D-Janesville.
The credit, therefore, was not in the version the Senate approved, Robson said, adding that she strongly supports the measure.
The Assembly approved its version of the budget Tuesday.
Robson said she is certain the credit will be part of the final budget proposal that comes out of a conference committee that will iron out discrepancies between the two versions.
“I don’t think there will be any problems with it at all,” Robson said.
Sheridan also said Thursday the tax credit would be a part of the final budget. He said he wouldn’t sign off on any budget that didn’t include the provision.
Robson said the budget that passed the Senate contains provisions that will help working families, spur economic growth and put dislocated workers back to work.
The Senate version also includes funding for a UW-Madison School of Nursing building and money for a collaborative nursing program operated by UW-Rock County, UW-Oshkosh and Blackhawk Technical College.
Last updated: 10:39 am Thursday, December 13, 2012