tax in Biological Technology

China Biologic Products Receives High-Technology Enterprise Certification to Qualify for Preferential Income Tax Rate

TAIAN CITY, China, Feb. 11 /PRNewswire-Asia-FirstCall/ -- China Biologic Products, Inc. (OTC Bulletin Board: CBPO) (''China Biologic'' or the ''Company''), one of the leading plasma-based pharmaceutical companies in the People's Republic of China (''PRC''), today announced that the Company's i...

China Sky One Medical, Inc. Qualifies for Preferential Income Tax Rate

HARBIN, China, Jan. 6 /PRNewswire-Asia-FirstCall/ -- China Sky One Medical, Inc. ("China Sky One Medical" or "the Company") (Nasdaq: CSKI ), a leading fully integrated pharmaceutical company producing over-the-counter drugs in the People's Republic of China ("PRC"), announced today that thre...

BioMed Realty Trust Announces Tax Treatment of 2007 Distributions

SAN DIEGO, Jan. 29 /PRNewswire-FirstCall/ -- BioMed Realty Trust, Inc. (NYSE: BMR ) today announced the tax treatment of its 2007 distributions as follows: Security Description: Common Stock CUSIP: 09063H107 Ticker Symb...

Debate over Taxpayer Bill of Rights shows need for true tax reform

MADISON The push to amend the Wisconsin Constitution to restrict state and local government spending is the latest chapter in one of the states longest books the need for genuine tax reform. It remains to be seen whether a Taxpayer Bill of Rights is a best-seller or a dime novel, but this policy ...

Investment tax credit bill is a good start, but Wisconsin must confront other barriers to capital formation

MADISON Now that Gov. Jim Doyle has signed a bill to promote investment in Wisconsins small start-up businesses, will the states technology sector blossom like a spring flower? Based on this law alone, dont count on it. The bills creation of tax credits for angel and early-stage investments as ...

Tax consumption over production to reform Wisconsins tax system

MADISON The supporters of the Taxpayers Bill of Rights are right about one thing: Wisconsin needs a new way of raising and spending money on state and local government. Our tax system hampers economic growth and theres too much overlap between units of government. But the opponents of TABOR ar...

Merge eFilm posts steady income, though tax burden soars

Merge eFilm announced Wednesday that its net income for second-quarter 2004 showed a small gain over the same quarter last year. Though its net sales, at $8,907,000, were up 38%, the Milwaukee-based healthcare software company's bottom line suffered because it paid more than twice as much income ...

$500,000 in technology tax credits go to Placon and Promega

Promega Corporation Source: www.promega.com FITCHBURG, Wis. Two of Fitchburg's larger technology companies will receive $250,000 each in tax credits to help them create and retain jobs, Governor Jim Doyle announced on Tuesday. Placon Corporation, a plastic packaging designer and manufacture...

Chippewa County manufacturers to receive tax credits

Two Chippewa County technology firms will receive $250,000 and $150,000, respectively, in tax credits from Wisconsins Technology Zone program. Under the program, tax credits are awarded to businesses in eight zones statewide that are commercializing technology or using advanced manufacturing t...

State faces revenue drop as federal Internet tax ban passes House

Starting November 1, 2006, Wisconsin will no longer be allowed to tax Internet usage, in a move that would open up savings for users but could put a hole in the state budget. The federal measure to eliminate the tax was authored by Representative James Sensenbrenner , R-Wis., who said home user...

Wisconsins tax system must adapt to meet changing technology needs

The first study of Wisconsins tax burden in 25 years was designed to answer one overriding question: Is that burden fairly distributed among the rich, the middle class and the poor? The conclusion, announced last week, was a mildly convincing yes &mndash; but that wont be the end of Wisconsins neve...

Five more companies eligible for Act 255 investor tax credits

Potential investors in five more Wisconsin companies qualify for tax credits under Act 255 , legislation passed last year to provide financial assistance to start-up companies, Governor Jim Doyle said on Friday. One of the act's provisions allows angel and venture investors to claim tax credits...

Five more companies eligible for angel tax credits

Wisconsin is encouraging angel investment in five more tech companies by offering tax credits, bringing the list of those eligible under Act 255 to 17. Governor Jim Doyle on Monday added three biotechs, one health IT company and an audio technology company. The state's Act 255 was passed ...

Wisconsin's unusual Internet tax stirs dissent

Find out how Wisconsin's state tax on Internet access which most states do not have could affect business in this Tech Update by WTN's Mike Klein. Original air date: Saturday, March 12, 2005 Listen to this episode Read more about the controversy surrounding Wisconsin's Internet taxes ...

Bill would deny tax credits to firms creating stem-cell cultures

The Wisconsin Assembly voted late Tuesday night to amend a bill granting tax credits so that any corporation doing research on newly created human embryonic stem cells would be denied. Mirroring federal funding restrictions, the amended bill excludes firms that do any research involving the dest...

Attempt to exclude stem cell companies from tax credit bill hurts Wisconsin

It's easy to overreact when an unwelcome amendment is attached to an otherwise welcome bill in the Wisconsin Legislature. More often than not, the bill is cleansed of bad ideas as it bounces between the Assembly and the Senate. Occasionally, however, a real clunker slips through. That's what h...

Milwaukee firm among first to use Act 255 tax credits in investor pitch

Milwaukee Neurognostics , a home-grown Milwaukee medical device company, finished a funding round on Friday that was one of the first to take advantage of Wisconsin's new tax credits for investors, which can give back up to 25 percent of an investment. Neurognostics oversubscribed on its $1 ...

Appleton engineering firm gets $250,000 in tax credits to build facility

Appleton, Wis. The state will give $250,000 in tax credits to C3 Corporation, an engineering and IT firm, to help it build an 18,000-square-foot facility in Appleton's Northeast Business Park. According to Governor Jim Doyle's office, the $2.4 million project will create 28 jobs in the area. ...

10 more firms qualify for investor tax credits

The state Department of Commerce has qualified 10 more businesses for investor tax credits under Act 255 , which allows investors in small research and development firms to get up to 25 percent of their money back. Commerce can give out up to $3.5 million to venture capitalists and $3 million t...

Finance Committee rejects extra tax on Internet buys

The Joint Finance Committee rejected Governor Jim Doyle's proposal for a 5 percent sales tax on Internet purchases on Tuesday. The proposal, a plan to charge consumers for their music, book, art, and movie purchases made online, was one of several proposals turned down by the budget review panel. ...

NovaScan qualifies for investor tax credits

Madison, Wis. -- The Wisconsin Department of Commerce (Commerce) has qualified NovaScan, LLC, Milwaukee, for investor tax credits under the new Angel Investor and Venture Fund Tax Credit Programs. "These tax credits are an additional incentive for investors and will help us attract qualified a...

`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 fr...

State tax compromises prove that partisanship can be set aside for a while

Madison, Wis . - The average citizen may think Gov. Jim Doyle and the Republican-led Legislature fight like Ali and Frazier whenever they step into the boxing ring of politics. And judging by some of the bare-knuckled debates that have taken place in the Capitol over the past two and a half year...

Dane County company gets $40,000 in technology tax credits

Fitchburg, Wis. - Jenkins Research and Manufacturing Corp. will receive $40,000 in state Technology Zone tax credits to expand its business, creating two jobs and retaining 25 more, Gov. Jim Doyle announced Tuesday. Jenkins Research and Manufacturing Corp . specializes in custom machining, we...

Modernizing the tax code can make Wisconsin tech businesses more competitive

Madison, Wis. More than 30 years ago, then-Gov. Pat Lucey and the Wisconsin Legislature agreed to exempt manufacturing equipment and machinery from property taxes. It was a bipartisan decision that has given Wisconsin industry an enduring edge, even when hard times and foreign competition thre...

Five technology companies qualify for investor tax credits

Madison, Wis. - The Department of Commerce (Commerce) has qualified five small businesses for investor tax credits under the new Angel Investor and Venture Fund Tax Credit Programs. "By encouraging investors through tax credits to make these crucial investments, we are helping to turn these gr...

ABC Computers receives $250,000 tax credit for expansion

Madison, Wis. Waupaca-based ABC Computers will receive $250,000 in tax credits to build a new facility that is expected to create 18 jobs. The tax credits were announced by Gov. Jim Doyle, and are granted through the Northeast Wisconsin Regional Economic Partnership (NEWREP) Technology Zone. ...

More firms outside Madison eligible for Act 255 tax credits

Four more firms have qualified for investor tax credits under Wisconsin's Act 255. That includes several firms outside the Madison area, where most eligible companies so far have come from. Wisconsin gives the tax credits to investors on money put into eligible companies. StrandVision , in Eau...

Critics say tax limits could handcuff tech investment

Opponents of the new Taxpayer Bill of Rights proposal are aiming directly at the heart of its main justification: that revenue limits on state, county, and municipal governments are necessary to improve Wisconsin's business climate. TABOR, they say, places economic development, and by extension ...

Burke would like to double Act 255 angel tax credits

State commerce secretary Mary Burke said this week that she would like Wisconsin to double the amount of tax credits available to angel investors under the Act 255 program. In an interview, Burke said funding increases would be contingent on the state's fiscal health, but she would like to doubl...

Elimination of phone tax tempered by paperwork

Madison, Wis. - It's not often that a tax is eliminated at any level of government, but before businesses and consumers start popping champagne corks over the recent elimination of the federal excise tax on long-distance phone service, they should know that getting some of their money back will r...

NovaScan decides against tax credits

Milwaukee, Wis. - NovaScan, an early-stage medical imaging company developing what it believes to be a novel tool for early detection of breast cancer, had to bypass angel tax credits from the State of Wisconsin to finance clinical trials for its emerging technology. The company instead has ...

RedPrairie exec calls for 50 percent tax cut

Milwaukee, Wis. - Wisconsin can create a dynamic, creative economy in its largest city by dramatically cutting taxes and shedding its "welfare state" mentality, the leader of RedPrairie Corp. told a gathering of business executives. John Jazwiec, who earlier this year made headlines when he ...

Commerce qualifies seven for investor tax credits

Madison, Wis. - The state Department of Commerce has qualified seven small businesses for investor tax credits under the state's Angel Investor and Venture Fund Tax Credit programs. The programs, which are designed to encourage investment in technology and biotechnology companies, offer Wis...

Software tax dispute could go the Supreme Court

Madison, Wis. - Some of the state's largest corporations could be big financial winners following the latest plot twist in the dispute over how Wisconsin law defines modified software. The state Court of Appeals has ruled that the state Department of Revenue has been incorrectly taxing bus...

Doyle wants sales tax applied to digital downloads

Madison, Wis. - Tucked away on page 417 of the executive budget book outlining the 2007-09 spending blueprint introduced this week by Gov. Jim Doyle is another attempt to apply the state's five percent sales tax to online purchases of digital content. The proposed tax, put forth two years af...

Turbo Tax Online can teach new Web concepts a business lesson

As I write this, about half of all Americans required to do so are scurrying to complete their income tax returns, according to an article I read in Sunday's Arizona Republic . For a lot of folks like me, the article was a painful reminder that tax day, while pushed back by two days this year, w...

Doyle announces technology tax credits for Berbee

Madison, Wis . - Gov. Jim Doyle has announced that Berbee Information Networks , which is planning to expand on the Fitchburg Technology Campus, will receive $250,000 in state Technology Zone tax credits. Berbee, founded in 1993, plans to invest in a new 43,250-square-foot office building an...

A heavenly tax cut: Act 255 stimulates economic growth

Sometimes, legislators like me can focus too much on the bad things happening in our state. We spend a lot of time talking about our oppressive tax burden, out of control spending by state government, a regulatory scheme that stifles business development and an economy that is growing more slowly...

Culver's in biofuel deal; net extortionists; no net tax

Culver's, a fast-food chain native to Wisconsin, is working with Madison Environmental Group on a kit to make cars run on old frying oil. Meanwhile, online extortionists are holding personal files for ransom, and a proposed Wisconsin sales tax for online entertainment has been rejected. Original...