Contact: Cullen Werwie, 608-267-7303
Madison – Governor Scott Walker visited Haag Family Farm in the Town of Dane today and signed Act 15: the Dairy and Livestock Farm Investment Tax Credit.
“Farming isn’t just a profession, it’s a way of life,” Governor Walker said. “This important tax credit will make it easier for farmers to modernize and expand their farms, and that’s good for Wisconsin and our agriculture industry. I thank Senator Dan Kapanke and Representative Keith Ripp for their leadership on this issue, and I thank members of the Legislature for their bipartisan support of this measure.”
Act 15 allows a taxpayer to claim a nonrefundable income and franchise tax credit equal to 10 percent of the amounts paid for dairy or livestock farm modernization and expansion for taxable years beginning after December 31, 2003 and before January 1, 2017.
