The Business Development Tax Credit (BTC) Program supports job creation, capital investment, training and the location or retention of corporate headquarters by providing companies with refundable tax credits that can help to reduce their Wisconsin state income tax liability or provide a refund. As of Dec. 31, 2015, the Economic Development Tax Credit and Jobs Tax Credit programs are no longer accepting new applications. The BTC Program, which opened for applications on Jan. 1, 2016, is designed to fulfill a similar purpose of encouraging business development.
A business located in, or relocating to, Wisconsin may be eligible for Business Development Tax Credits if the business’s net employment in the state increases each year for which the business claims tax credits. Tax credits are subject to retention requirements; the full program guidelines are available at InWisconsin.com.
Evaluation of all BTC applications will include, but is not limited to, the following factors:
Businesses that are not assisted except in extraordinary circumstances include, but are not limited to, the following: payday loan and title loan companies; telemarketing, other than inbound call centers; pawn shops; media outlets; retail; farms; primary care medical facilities; financial institutions; and businesses in the hospitality industry.