It passed the Senate 20-13 and the Assembly was slated to approve it on Thursday. The lower court decision would be automatically suspended during the appeal. The high court is controlled 5-2 by conservatives.
Walker and other supporters say Foxconn is giving the state a once-in-a-lifetime opportunity to get a foothold in the world electronics market.
Madison attorney Lester Pines, who has challenged Republican laws and raised constitutional concerns with the original proposal, said Tuesday that the new revision still raised questions about separation of powers. The Legislature's budget-writing Joint Finance Committee amended it last week to create the version now before the Senate.
A dozen Democratic changes pushed Tuesday and rejected by Republicans sought to prioritize Wisconsin workers and businesses, protect taxpayers from overpayments to Foxconn and increase environmental oversight.
Foxconn could get almost $3 billion in cash payments if it hires 13,000 people and invests $10 billion on the flat-screen production facility.
Critics, including Democrats who don't have the votes to stop it, say state taxpayers are giving up too much.
Mayor John Antaramian wrote to Gov. Scott Walker on Monday that the legislative bill being considered for Foxconn doesn't do enough to address state laws making it hard for the city to support the project.
The proposed subsidy would be the largest ever from a USA state to a foreign company and 10 times bigger than anything Wisconsin has extended to a private business.
Foxconn plans to construct a massive flat-screen production factory in the state.
The company hopes to have the factory open by 2020.
Senate Democrats say they want changes to ensure the state can recover up to $2.85 billion in cash payments to Foxconn if it doesn't make the job or financial investment. They also planned to scrap a key provision eliminating a swath of environmental protections for the Foxconn project and barring tax credits from being claimed for materials used to automate the facility.
The Wisconsin Senate approved almost $3 billion in cash payments for Foxconn Technology Group on Tuesday, while also giving the Taiwanese company a slightly less expedited path to the state Supreme Court for certain legal challenges related to a planned massive electronics manufacturing factory.
The incentive package up for a vote Tuesday would be the largest ever from a USA state to a foreign company and 10 times bigger than anything Wisconsin has extended to a private business.
Republican Senate Majority Leader Scott Fitzgerald said some requirements placed on Foxconn, such as job-creation thresholds to receive taxpayer payments, will be negotiated in the final contract with the state which has not yet been signed.
Meanwhile, the city of Kenosha announced Tuesday that it's dropping out of the running for the proposed $10 billion Foxconn campus, saying the bill could leave the city "unable to support and/or absorb the development of the project".