State puts historic tax credit program on hold

By: AP Email
By: AP Email

MADISON, Wis. (AP) -- The state's chief jobs agency has hit the pause button on a historic tax credit program because it's proving to be more popular, and therefore more expensive, than predicted.

The Wisconsin Economic Development Corp. notified co-chairs of the Legislature's budget committee on Monday that the program would be put on hold while a review is undertaken.

Gov. Scott Walker in December signed a bill into law that expanded the program but did not place a cap on how many credits could be handed out in any given year.

It was estimated that credits would hit $4 million in the first year. But Reed Hall, secretary and CEO of WEDC, says that projects for more than $35 million have come in for certification.


The comment sections of our web set are designed for thoughtful, intelligent conversation and debate. We want to hear from the viewers but we are not obligated to post comments we feel inappropriate or violate our guidelines. Here are some of the criteria you should follow when posting comments:

Comments cannot be profane or vulgar. Children and families visit this site. We will delete comments that use profanity or cross the lines of good taste.

We will delete all comments using hate speech. Slurs, stereotypes and violent talk aren’t welcome on our web site.

Comments should not attack other readers personally.

We will delete comments we deem offensive, in bad taste, or out of bounds. We are not obligated to post comments that are rude or insensitive.

We do not edit user-submitted comments.

As a host WEAU 13 News welcomes a wide spectrum of opinions. However, we have a responsibility to all our readers to try to keep our comment section fair and decent. For that reason WEAU 13 News reserves the right to not post or to remove any comment.
powered by Disqus
WEAU 13 NEWS 1907 S. Hastings Way Eau Claire, WI 54701 By Phone: Main Number (715) 835-1313 and (715) 832-3474. Tip Line (715) 839-WEAU - (715) 839-9328 Sports Line (715) 852-1537
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 264618221 - weau.com/a?a=264618221
Gray Television, Inc.