Senate Majority Leader Scott Fitzgerald announced Tuesday morning the Legislature will call an extraordinary session Nov. 12 for a public hearing in the Senate on an incentive package for Kimberly-Clark with plans for a floor vote later next month.
The package, which includes Foxconn-like incentives that would help keep open a plant in the Fox Valley, cleared the Assembly in February. But it has bogged down in the Senate amid concerns over the cost to taxpayers, as well as the precedent it would set to offer such significant incentives to retain jobs.
Senator Roger called the planned extraordinary session “great news,” while Gov. Scott Walker, who backs the package, called the development a “major step forward” in keeping the plant open.
“My message to Kimberly-Clark employees is simple: we are fighting for you. We are working together to keep your jobs in Wisconsin,” Walker said.
Kimberly-Clark officials had set a Sept. 30 deadline for lawmakers to act on the package as the company weighed a final decision on whether to keep open a plant in the Fox Valley. But state and company officials continued to meet through the weekend as some backers of the package urged the company to give lawmakers until after the Nov. 6 election to act.
The bill the Assembly passed included a boost in tax credits for job retention to 17 percent, up from the current 7 percent. Kimberly-Clark would also get refundable tax credits for 15 percent of capital expenditures, up from the typical 10 percent, over a five-year period. The company would also get a five-year sales tax exemption on those expenditures.
Fitzgerald’s office said the plan is to proceed on the bill in its current form.