Tech Council applauds change to QNBV law

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The Wisconsin Technology Council says a newly enacted law will make it easier for early-stage companies to compete beyond Wisconsin while maintaining a presence in the state. 

The new law alters the state’s Qualified New Business Venture program, which provides investors with a 25 percent state tax credit on investments in qualifying companies. One of the conditions for businesses in the program is having at least 51 percent of their employees and a headquarters in Wisconsin, a Tech Council release shows. 

If a QNBV business fails to meet this requirement due to a merger or acqu...

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