Bills · 2017-2018 Regular Session
Relating to: eliminating the personal property tax and making an appropriation. (FE)
Property tax Revenue, department of School — State aid Shared revenue Shoreland zoning
- Introduced, stopped here
- Passes Senate, not reached
- Passes Assembly, not reached
- Governor signs, not reached
- Law, not reached
Unfamiliar terms? Glossary
What this bill does
Plain-language analysis by the nonpartisan Legislative Reference Bureau
This bill eliminates the personal property tax in 2018. Under the bill,
improvements on leased land will be assessed as real property.
Under current law, taxing jurisdictions are reimbursed by the state for the loss
of personal property tax revenue as a result of the exemption for computers and
computer-related equipment. Under the bill, taxing jurisdictions are reimbursed by
the state for the loss of personal property tax revenue.
Because this bill relates to an exemption from state or local taxes, it may be
referred to the Joint Survey Committee on Tax Exemptions for a report to be printed
as an appendix to the bill.
What it would cost
Fiscal estimates filed by state agencies, as official PDFs
Sponsors
Full history
- May 4, 2017 · Senate
Introduced by Senators Stroebel, Craig, Lasee, Wanggaard, LeMahieu, Kapenga, Nass, Feyen, Marklein and Harsdorf; cosponsored by Representatives Kulp, Knodl, Kremer, Jarchow, Skowronski, Gannon, Jacque, Hutton, Edming, R. Brooks, Kleefisch, Murphy, Tusler, Thiesfeldt, Ott, Krug, Quinn, August, Ripp, Brandtjen and Sanfelippo
- May 4, 2017 · Senate
Read first time and referred to Committee on Revenue, Financial Institutions and Rural Issues
- May 8, 2017 · Senate
Fiscal estimate received
- May 15, 2017 · Senate
Fiscal estimate received
- May 23, 2017 · Senate
Senate Substitute Amendment 1 offered by Senator Stroebel
- May 24, 2017 · Senate
Public hearing held
- May 30, 2017 · Senate
Fiscal estimate received
- Mar 28, 2018 · Senate
Failed to pass pursuant to Senate Joint Resolution 1