© 2022 WXPR
Mirror of the Northwoods. Window on the World.
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Senate Kills Business Equipment Tax, Sends Bill to Evers

startup-849804_1920.jpg
PIXABAY.COM
/

 The state Senate has sent a bill that would eliminate a tax on business equipment to Gov. Tony Evers.

The measure would eliminate the so-called personal property tax, a tax business pay on items such as furniture and machinery, on Jan. 1, 2022.

The Senate passed the measure Wednesday and sent it on to Evers. The Assembly passed the bill late Tuesday night.

The state budget includes includes $202 million for local governments to offset the lost revenue.

Assembly Republicans amended the bill Tuesday to backfill the state transportation fund with $20 million this fiscal year and $44 million every subsequent fiscal year to offset the loss of tax revenue from railroad equipment.

The Associated Press is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, it's a not-for-profit news cooperative owned by its American newspaper and broadcast members.
Related Content