The Dairy Business Association and the Wisconsin Cheese Makers Association applaud the efforts of Gov. Jim Doyle, Senate Majority Leader Judy Robson, D-Beloit, Assembly Speaker Mike Huebsch, R-West Salem, Representative Brett Davis, R-Oregon, and lawmakers from both sides of the aisle for the inclusion of the Dairy Facility Manufacturing Tax Credit in the 2007-09 biennial budget.
The $1.3 million tax credit is designed to allow cheese processors in Wisconsin to modernize their facilities. The proposed tax credit is 10% of investments aimed at modernizing cheese processing plants. The maximum tax credit is capped at $200,000 per manufacturer. The credit runs through Jan. 1, 2015. "State leaders have demonstrated a strong commitment to a major component of the state's economy," said Laurie Fischer, Executive Director of the DBA. "The dairy industry contributes more than $20 billion to the state's economy and it's wonderful to see lawmakers working hard to make sure the dairy industry – both producers and processors – continue to modernize and grow in our state."
The tax credit is aimed at the state's dairy manufacturing processing sector by encouraging the modernization or expansion of existing manufacturing facilities. Such improvements include building constructions or additions, upgrades in processing and packaging equipment, improved computer technology, waste treatment and management equipment, as well as other options.
"Cheese production is the cornerstone of Wisconsin's dairy processing industry. This incentive is well timed as America's Dairyland retools its cheese industry to make value-added and specialty cheeses to keep Wisconsin's dairy farming and cheese production communities healthy and growing," says John Umhoefer, executive director of the Wisconsin Cheese Makers Association.