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You are here: Home / Politics / Govt / Larger capital gains tax exemption urged

Larger capital gains tax exemption urged

September 7, 2009 By Andrew Beckett

Several Democratic state lawmakers want to give greater tax benefits to long term investments in Wisconsin businesses.

State Representative Peter Barca (D-Kenosha) is among a group of lawmakers who are proposing a bill that would create a capital gains tax exclusion of 60-percent for assets held longer than five years. Barca says the proposal would create a two-tiered structure that would help to encourage businesses to make long term investments in the state.

The state currently provides a 30-percent exemption for assets held at least one year.

Barca says the proposal is a good fit for the state, at a time when many communities are “hungry for investment.”

AUDIO: Andrew Beckett reports (MP3 :64)

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