UNDATED (WSAU) Wisconsin will give tax breaks to companies that create bio-mass – 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-thousand dollars in tax credits to firms that invest in harvesting equipment for bio-mass. 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.
The bill was among several Doyle signed yesterday which seeks to improve the state’s economy.
