The State Assembly reconvened last week to approve a package of bills that will expand the state’s Jobs Tax Credit program and several transportation-related items aimed at making Wisconsin more competitive in the global marketplace.
Under the Jobs Tax Credit Program, employers may claim a 10 percent tax credit for wages paid to new workers and for training costs. Assembly Bill 1 will raise the annual cap from $5 million to $10 million.
“This money will be used by businesses to hire additional employees, pay higher wages, expand research and development and reduce debt,” said Representative Scott Krug, R-Wisconsin Rapids.
Assembly Bill 252, which Krug co-sponsored, allows farmers to reduce transportation costs and increase efficiency by extending the time period in which heavier loads may be transported without a permit. The bill also gives farmers the flexibility to harvest later in the season when needed.
“It is absolutely imperative that we start working towards lowering the costs of transporting goods and services across the state of Wisconsin,” Krug said. “Whether its cranberries, corn, beans or hay the demand for our goods is skyrocketing, by reducing transportation costs for farmers and small businesses, we are allowing them to expand their business through job creation.
“This is the start of many improvements to our transportation system in Wisconsin. We have to make sure that goods and services are moving in order to attract new businesses and new jobs, we need to make sure Wisconsin stays competitive. Nobody is going to invest in Wisconsin if we don’t first invest in ourselves.”
All transportation bills and the Job Tax Credit program passed with bipartisan support.
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