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Republicans propose sweeping changes to promote investment

A $130 million package of legislative incentives proposed recently by state Republicans is designed to build on efforts to transform Wisconsins economy into a knowledge-based, innovation economy. The package of 20 bills, dubbed Invest Wisconsin, seeks to encourage the creation of high-technology businesses, ands is part of a three- to four-year campaign designed to deliver tax relief, regulatory r......

Full article >>> x for those who invest long-term cap gains in Wisconsin businesses. The capital gains tax elimination would be phased in over time.

I think we are very far behind as it relates to our entrepreneurial economy, given the pedigree of our intellectual property economy we have to reinvest, Kanavas said, adding that a proposed innovation tax credit is critical, as it means having the ability......

Full article >>> created a $65-million package of investment tax credits spread over more than 10 years. By comparison, Wisconsin residents will legally wager $6.5 million in the next 32 hours, Grosenheider says.

If we want to create new businesses and new jobs, we must make it easier to invest, not more difficult, he said. The state has very few levers in terms of changing policy and affecting the econom......

Full article >>> acilitate the raising of venture capital by providing a tax credit to broker-dealers of 10% of the first $500,000 raised in an offering of a Qualified New Business Venture in any 12-month period.
Permit any finders to be able to receive a fee for finding investors of up to $2 million in a 12-month period under Wisconsin exemptions without a requirement of being licensed.

Kanavas also......

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Source:wistechnology.com By John Rondy 11/28/05


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