PROGRAMS AND RESOURCES THAT SPUR ECONOMIC PROSPERITY IN WISCONSIN
Discover the support WEDC and Wisconsin’s statewide economic development network offer businesses and communities by searching the categories below.
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For additional details, visit the Center for Technology Commercialization’s SBIR website.
Qualified Wisconsin Business Certification
Capital gain tax deferral and exclusion for investments in qualified Wisconsin businesses
Effective for taxable years beginning on or after January 1, 2011, there are two provisions in Wisconsin law that allow individuals to defer tax on the long-term capital gain realized from the sale of assets:
- Section 71.05(25), Wis. Stats., which allows the exclusion of capital gains tax for investments in businesses held a minimum of 5 years.
- Section 71.05(26), Wis. Stats., which requires reinvestment of the gain in a “qualified Wisconsin business.”
The Wisconsin Economic Development Corporation (WEDC) certifies qualified businesses for eligibility of Wisconsin-source assets and long-term Wisconsin capital asset deferral.
Businesses seeking certification for tax year 2013 must submit their application to WEDC no later than January 31, 2014, using WEDC’s application process. For 2014 certifications, qualified Wisconsin businesses must register with the Wisconsin Department of Revenue, instead of the Wisconsin Economic Development Corporation. Qualified Wisconsin businesses can register online at: https://www.revenue.wi.gov/Pages/FAQS/ise-qualified.aspx
For additional information on small business loan options, visit the SBA.
The WEDC team makes every effort to ensure our website’s content is always up to date. However, out-of-date references may occur as guidelines change, and WEDC reserves the right to alter this and other webpages on an ongoing basis. To ensure you are referencing the most up-to-date program guidelines, please contact your account manager.