In January of 2022, WMC joined other Wisconsin business groups and associations in opposing an amendment to AB 610 and SB 630 that, if enacted, would have a dramatic and detrimental impact on Wisconsin’s business climate by changing property assessment practices. If enacted as amended, this legislation would allow assessors to increase the assessments of many taxpayers by considering “actual or market rent” when assessing property. This change would particularly impact retailers and other businesses who have used sale-leasebacks, build-to-suit leases, and similar transactions to finance the development and acquisition of property.
WMC Joins Wisconsin Businesses and Associations in Letter Opposing Legislation That Would Increase Property Taxes
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