Wisconsin lawmakers propose restaurant tax exemptions on COVID-19 grants
MADISON, Wis. — State lawmakers are looking to pass a bipartisan bill aimed at helping restaurants still recovering from the COVID-19 pandemic.
The Ways and Means Committee held a public hearing Tuesday to discuss Assembly Bill 717. The measure, which was introduced earlier this month, would allow restaurants to claim exemptions and not pay federal income taxes on money they receive from the ARPA Restaurant Revitalization Fund during the pandemic.
Lawmakers partnered with the Wisconsin Restaurant Association to create the bill in hopes of helping businesses that are still suffering from the pandemic.
They hope to pass the measure by December 8 in order to clear tax rules in time for tax season in January.
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