Memo to State Legislators:
Two business property tax hike bills are being routed for co-sponsorship at the Capitol and WMC is opposed to the business tax hike. We respectfully request that you decline to co-sponsor the tax hike plans LRB-0372 and LRB-0373.
Please watch this video for details: WMC Opposes Business Property Tax Hike.
The legislation will dramatically change how property is valued in Wisconsin. This so-called “dark store” legislation would make it easier for property tax assessors to include other variables – outside of property size, location and structures – to determine the value of a building.
In fact, some overly-aggressive assessors have already tried doing this with larger retail stores and restaurants, leading to massive tax increases. In some cases, retailers saw their property tax bill increase by over 500 percent!
Thankfully, the courts have been on the side of property taxpayers and have overturned many of these unwarranted increases. This legislation would fly in the face of current law, overruling what the courts have said. This could dramatically increase the cost to do business in Wisconsin, but it could also have unintended consequences for all property owners.
Wisconsin has improved our business climate in recent years but the tax hike is a big step backward.
WMC Opposes GOP-Led Business Property Tax Hike
Share:
LOOKING FOR MORE NEWS?
Nick Novak
For more information or to schedule an interview, please contact
Nick Novak | Vice President Communications & Marketing | 608.258.3400
NEWS
Related Posts
WMC Opens Nominations for Business Friend of the Environment Awards Program
Nick Novak
April 22, 2024
MADISON – Wisconsin Manufacturers & Commerce (WMC) – the combined state chamber and manufacturers’ association – opened nominations for its annual Wisconsin Business Friend of
WMC’s Scott Manley on Veto Lawsuit
Nick Novak
April 18, 2024
https://www.youtube.com/watch?v=dymu9U-DoJo On Tax Day, WMC Litigation Center announced its lawsuit on behalf of two Wisconsin taxpayers challenging Gov. Evers’ 400-year veto. In the most recent
WMC Sues over 400 Year Property Tax Increase
Nick Novak
April 16, 2024
WMC Litigation Center is representing taxpayers in a lawsuit aimed at a veto from Gov. Evers that resulted in a 400-year property tax increase. “We’re
Scott Manley on Biden Administration’s New Emission Standards
Kristen Nupson
April 5, 2024
https://www.youtube.com/watch?v=NDqEr0VTJoE After the announcement of the Biden Administration’s new emission standards being applied to long-haul and large vehicles, WMC’s Scott Manley joined Vicki McKenna to