Ownership News: May 2024

Wisconsin Bill Would Provide Tax Incentives for Employee Ownership Feasibility and Conversion Wisconsin Assembly Bill 1217 provides that that the “Wisconsin Economic Development Corporation may certify a business to claim a nonrefundable income tax credit for an amount equal to 70 percent of costs related to converting the business to a worker-owned cooperative or 50 percent of the costs related to converting the business to an employee ownership trust or an employee stock ownership plan