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Wisconsin Senate passes two ag-related tax exceptions

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The Wisconsin State Senate has passed two bills that would allow Evansville and Stevens Point to assist agriculture-related development projects.

Senate Bill 787 would allow Evansville to offer tax incremental financing assistance for a proposed CHS soybean crushing plant on the city’s southeast side.  Senate Bill 880 would allow Stevens Point to offer tax incremental financing assistance for a proposed Agristo potato processing plant in the city’s industrial park.

Evansville and Stevens Point need state approval to offer tax incremental financing exceeding 12% of their total equalized value.

Wisconsin Senate passes two ag-related tax exceptions