| Tax Structure | ||
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Wisconsin's business tax structure offers several advantages relative to our neighboring state of Minnesota along with a range of exemptions and incentives to encourage ongoing capital investment. We will be glad to provide a specific projection and two-state comparison customized to your project parameters for your review with your tax advisor. | ||
Corporate Income Tax Rate Alternative Minimum Tax Property Tax (state average, commercial/industrial) Manufacturing machinery & equipment taxation Sales & Use tax rate: State: County option rate: Local option: Sales tax treatment for manufacturing equipment: Unemployment compensation rate base: Unemployment compensation rate range: Workers’ compensation, average rate per $100 |
Wisconsin 7.9% none $22 per thousand exempt 5.00% 0.50% none EXEMPT $13,000 0.05% -- 9.8% $4.93 |
Minnesota 9.8% 5.8% rate $33 per thousand taxable 6.50% 0.01% to 9.0% .50% to 1.0 % refund mechanism $25,000 0.4% -- 9.3% $8.11 |