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`Single-sales factor' extends tax treatment to tech, service firms

Madison, Wis. - The two-year state budget signed into law Monday by Gov. Jim Doyle will sharpen the competitive edge of many Wisconsin technology firms by changing how corporate income from out-of-state sales is taxed, according to the Wisconsin Technology Council.

With bipartisan support from the Legislature, Doyle embraced a......

Full article >>> and by the destination state. By moving to destination state sourcing rules, Wisconsin can shift some tax burden to out-of-state and foreign sources without losing state revenue.

Republican legislators who pushed for the change said it will help Wisconsin-based firms compete nationally and around the world.

"The single-sales factor will definitely help the technology economy in W......

Full article >>> at service revenue would no longer be treated as Wisconsin revenue as long as the customer is outside of Wisconsin.

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Full article >>>
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Source:wistechnology.com By WTN News 07/26/05


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