The objective of MMAC'S pro-business agenda for a thriving economy in competitive business climate is to foster a climate that promotes the growth of individual businesses and the collective business community.
Competitive Business Climate 2015-2017 results
Passed Right to Work, which stipulates that workers cannot be forced to join labor unions, or pay union dues, to keep a job.
Increased funding for Early Stage Seed Tax Credits, from $22 million to $32 million annually.
Eliminated the Alternative Minimum Tax (AMT), a $7 million annual tax cut.
Exempted machinery, tools and patterns for the Personal Property Tax – a $74 million annual tax cut.
Eliminated the state forestry property tax – a $181 million annual tax cut.
Passed REINS (Regulations from the Executive in Need of Scrutiny) Act, requiring legislative approval for any state regulation with a fiscal impact on business of more than $10 million.
Fully implemented the Manufacturing Activities Tax Credit (essentially eliminating state tax liability for manufacturers).
Passed $3 billion incentive package to encourage job creation and capital investment by Foxconn.
Supported restoration of Wisconsin Economic Development Corporation's (WEDC) authority to make economic development loans.