Wisconsin Supreme Court Upholds State Property Tax Exemption for Wisconsin Airlines
Posted on: Friday, 7 July 2006, 15:00 CDT
MILWAUKEE, July 7 /PRNewswire-FirstCall/ -- In a 5-2 decision, the Wisconsin Supreme Court has upheld a state property tax exemption for airlines operating hub facilities in Wisconsin.
The case was an appeal of a 2003 ruling by a Dane County Circuit Court that invalidated the exemption; that ruling came in a case brought by Northwest Airlines. The Wisconsin Legislature originally enacted the exemption in 2001 to stimulate investment and encourage economic development by creating a tax environment for airlines that was equitable with tax environments in surrounding states.
The decision means airlines that provide certain levels of nonstop service to and from Wisconsin will be exempt from paying state property taxes on aircraft and associated equipment. Both Midwest Airlines and Air Wisconsin qualified for the exemption in 2002.
"It's very gratifying that the state Supreme Court has affirmed our position," said Carol N. Skornicka, senior vice president of corporate affairs, secretary and general counsel for Milwaukee-based Midwest Airlines. "This ruling will have a lasting, positive effect on our ability to grow our business in the state and continue to provide an exceptional air travel experience for the people of Wisconsin. It will also help Milwaukee sustain its place as a major center for business and economic development."
Midwest Airlines features jet service throughout the United States. Skyway Airlines, Inc. -- its wholly owned subsidiary -- operates as Midwest Connect, which offers connections to Midwest Airlines as well as point-to-point service between select markets on regional jet and turboprop aircraft. Together, the airlines offer service to 47 cities. More information is available at http://midwestairlines.com/ .
Midwest Air Group, Inc.
CONTACT: Media Inquiries, Carol Skornicka, +1-414-570-3980 (o),+1-414-303-6516 (c), Carol.Skornicka@midwestairlines.com , or Analyst-InvestorInquiries, Dennis O'Reilly, +1-414-570-3954 (o),Dennis.O'Reilly@midwestairlines.com , both of Midwest Air Group
Web site: http://www.midwestairlines.com/
Source: PRNewswire-FirstCall
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