The idea of not punishing businesses in the state for getting a PPP loan has brought Republicans and Democrats together at the Wisconsin Capitol.
Both parties overwhelmingly agreed yesterday to make sure expenses paid for with PPP loans can be deducted on state income taxes. Without the change, businesses in the state face a nearly 430-million-dollar tax. The plan now heads from the Assembly to the Senate, and then to the governor. It’s not clear if the governor, who imposed the PPP tax, will sign the tax break.
