Tax ‘sunset’ approved for Mercury loan - Trade Only Today

Tax ‘sunset’ approved for Mercury loan

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The Fond du Lac County Board in Wisconsin unanimously approved a "sunset" provision that would set an expiration date on a county sales tax designed to pay for a $50 million loan to Mercury Marine.

The tax - a half-percent - begins April 1, according to a news report on WLUK-TV. Board members voted to repeal the county sales tax Dec. 31, 2021.

Leaders say while the loan wasn't easy, it was necessary to keep the company and its 3,000 jobs in the state.

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