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Regional and Community Information
Communities and governments
MGE works to improve our communities by investing in business development and community growth. We actively promote the economic vitality of the communities we serve.
Local community links
Chambers of commerce
Taxes
The total tax burden on Wisconsin companies is among the lowest in the nation and it continues to decline. Cut costs and grow your firm in this favorable business tax climate.
- Wisconsin's business tax climate compares favorably to neighboring states of Ohio, Minnesota and Iowa. The Tax Foundation, 2007
- Businesses incorporated in Wisconsin are subject to a 7.9% tax on income—this rate has not changed in the past 20 years.
- Wisconsin's workers' compensation rates declined 33% in the 1990s and continue to fall. In 2007-08, Wisconsin averaged $3.85 in 29 industries, compared to $7.04, $5.05 and $4.92 in neighboring states.
Corporate tax
| Corporate Income Tax
(flat rate) - 7.9% |
Apportionment formula (100% based on sales beginning in 2005) |
| Sales |
50% |
| Property |
25% |
| Payroll |
25% |
Sales/use tax
Wisconsin Sales/Use Tax 5% |
| Manufacturing machinery |
Exempt |
| Pollution controls equipment |
Exempt |
| Materials consumed |
Exempt |
| Manufacturing energy |
100% Tax Credit |
County Sales Tax |
| Columbia County |
0.5% |
| Crawford County |
0.5% |
| Dane County |
0.5% |
| Iowa County |
0.5% |
| Juneau County |
0.5% |
| Monroe County |
0.5% |
Property tax
Property Tax (full-value state average rate) 2.211% |
| Computer equipment |
Exempt |
| Manufacturing machinery and equipment |
Exempt |
| Manufacturing inventories |
Exempt |
| Merchant's inventories |
Exempt |
| Pollution controls equipment |
Exempt |
Unemployment compensation
New Employers (3 years) |
| Payroll less than $500,000 |
3.05% |
| Payroll more than $500,000 |
3.25% |
Base $10,500
Minimum/Maximum 0.00% - 9.75%
FUTA penalty - 0%
Compare unemployment compensation in Wisconsin, Illinois and Minnesota.
Workers' compensation
Average in manufacturing - $4.43/$100
Compare workers' compensation costs in Wisconsin, Minnesota, Illinois and Michigan.
Personal income tax
Personal Income Tax |
| $0 - $10,630 |
4.6% |
| $10,631 - $132,259 |
6.15% |
| $132,260 - $153,249 |
6.5% |
| $153,250+ |
6.75% |
| Capital gains exclusion - 60% |
State and local tax comparisons
Compare business taxes in Wisconsin, Illinois and Minnesota.
State incentive programs
- The Wisconsin Community Development Zone Program offers tax benefits to help new and expanding businesses grow. More than $38 million in tax benefits are available to qualifying companies that locate in one of 22 designated zones, including Vernon, Juneau and Crawford counties.
- Wisconsin's Technology Zone Program provides tax credits for high-tech businesses locating in one of the state's eight designated zones, which include Crawford, Dane, Juneau, Monroe and Vernon counties.
Learn more about Wisconsin Business Tax Incentives and other resources to help businesses grow.
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