Wisconsin Banking Update
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Combined Reporting Raising Business Tax Bills
Posted on May 14th, 2010 No commentsWisconsin Rep. Leah Vukhmir (R-Wauwatosa), who is running for state Senate, called for a special session of the legislature to repeal combined reporting. Many businesses, including Brown Deer, Wis.-based Bank Mutual Corp., Harley Davidson and Rockwell Automation have seen their tax bills increase as a result of the 2009 law. Bank Mutual saw its effective tax rate increase by 6.1 percent, said CFO Michael Dosland. Read the Small Business Times article.