MADISON — Gov.
Scott Walker’s administration has sent consumer products giant
Kimberly-Clark the outline of a tax break deal it hopes will
convince the company not to cut more than 600 jobs in northeast
Wisconsin. Wisconsin Economic Development Corporation head Mark
Hogan sent the letter Thursday. He says the offer, which needs
legislative approval, would include a 17 percent refundable tax
credit on wages for 15 years, 15 percent refundable tax credits for
capital expenses over five years and a fiveyear sales tax exemption
on those expenses.
tax credit on jobs could cost the state between $100 million and
$115 million over the 15 years.
Dallas-based company said last month it was closing two factories in
the Neenah area, resulting in the loss of jobs. A company spokesman
declined to comment on the offer, saying it would be presented to
local union leaders.