Foxconn package would cost $50 million in lost sales taxes
12:47 PM, Aug 8, 2017
3:25 PM, Aug 8, 2017
MADISON, Wis. (AP) -- New fiscal estimates show Gov. Scott Walker's incentives package for electronics giant Foxconn would cost the state and local governments nearly $50 million in lost sales taxes.
Walker has introduced a bill that would give Foxconn up to $3 billion in incentives to build a plant in southeastern Wisconsin. According to fiscal estimates from state agencies, provisions blocking sales taxes on plant construction materials and equipment would cost the state about $139 million by the time the plant is finished. Local governments would lose about $10.7 million.