JFC approves $419 million tax break for companies that received PPP loans

The Joint Finance Committee voted 11-4 today to ensure Wisconsin businesses that received PPP loans aren't taxed on the expenses they covered with the money, saving those companies $419 million through mid-2023. That's one of more than two dozens changes the bill would make to match state tax laws with federal codes. That includes a change to the Earned Income Tax Credit that would increase the be...