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Update to Instructions as a Result of 2021 Wisconsin Act 1
www.revenue.wi.govWisconsin adopted sections 276(a) and (b) and 278(a) of Division N of Public Law 116-260, regarding the tax treat-ment of income and expenses relating to the original and subsequent Paycheck Protection Programs (PPP). Tax-payers may exclude from income the forgiveness of debt on PPP loan proceeds and deduct expenses paid with PPP