The Wisconsin Assembly is giving the green light to wide ranging package of tax cuts.
The primary section of the bill passed Tuesday (February 16th) would match state law with federal law in exempting businesses from paying taxes on Paycheck Protection Program loans.
The mostly forgivable loans were part of the 2020 COVID-19 stimulus plan, and Republicans say they supported more than one-point-five-million jobs in the state.
The move would trim $540-million from the state’s tax revenue over the next three years.
