Press Room: Article

March 26, 2009

Economic Stimulus for the States: Sweeping Changes in California and Wisconsin

In February, California and Wisconsin approved new tax and stimulus plans designed to stimulate economic activity, close budget gaps ($42 billion in California and $700 million in Wisconsin), and create jobs.

Both states approved provisions that may impact businesses and individuals. The new plans add new credits and incentives (or modify the allowable amount of existing credits and incentives) and modify the state’s personal income tax, corporate income tax and sales tax provisions. Several key aspects of both budget plans are discussed…

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