State to Give Tax Breaks to Firms who make Biomass for Electricity (WI)

WTAQ.com
Posted Tuesday May 11, 2010

MADISON, Wis. (WTAQ) - Wisconsin will give tax breaks to companies that create biomass – things like wood chips and forestry waste that can be turned into electricity. Governor Jim Doyle has signed a bill that would give up to $100,000 in tax credits to firms that invest in harvesting equipment for biomass.

Assembly Democrat Fred Clark of Baraboo sponsored the measure. He says it will help a forest products industry that’s been hurting from the recession and a falling housing market that’s now on the rebound. Clark says he hopes the new tax breaks will create jobs, while encouraging alternatives to fossil fuels.

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