Senate committee OKs tax incentives for Kimberly-Clark
MADISON (WLUK) – A bill to offer tax incentives in the attempt to convince Kimberly-Clark not to lay off 600 workers in the Fox Cities was endorsed by a Senate panel Wednesday.
The Economic Development, Commerce and Local Government Committee passed the 4-3 on a written vote. Sen. Dan Feyen (R-Fond du Lac) is the only local senator on the committee, and voted for the bill.
The Senate is expected to take up SB859 on March 20, according to Senate staff.
The Assembly has already approved the bill.
The incentives are modeled after a multi-billion incentives deal to entice electronics giant Foxconn Technology Group into building a flat-screen plant in Mount Pleasant. Kimberly-Clark has been noncommittal on whether the tax breaks would entice them to reverse a decision to close two plants in northeast Wisconsin. The tax credit on jobs alone could cost the state between $100 million and $115 million over the 15 years.