Bills · 2019-2020 Regular Session

AB 288

Relating to: eliminating the personal property tax and making an appropriation. (FE)

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

Under current law, beginning with the property tax assessments as of January

1, 2018, machinery, tools, and patterns, not including such items used in

manufacturing, are exempt from the personal property tax. However, beginning in

2019, the state will pay each taxing jurisdiction an amount equal to the property

taxes levied on such items of personal property for the property tax assessments as

of January 1, 2017.

Under the bill, beginning with the property tax assessments as of January 1,

2020, no items of personal property will be subject to the property tax. Beginning in

2021, the state will pay each taxing jurisdiction an additional amount equal to the

property taxes levied on the items made exempt under the bill for the property tax

assessments as of January 1, 2019. Beginning in 2022, each taxing jurisdiction will

receive a payment to compensate it for its loss in personal property revenue equal

to the payment it received in the previous year.

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.

Fiscal estimates filed by state agencies, as official PDFs

Introduced by: Allen (R) , August (R) , Born (R) , Brandtjen (R) , Brooks (R) , Dittrich (R) , Duchow (R) , Edming (R) , Felzkowski (R) , Gundrum (R) , Horlacher (R) , Hutton (R) , Jagler (R) , James (R) , Kitchens (R) , Knodl (R) , Kuglitsch (R) , Kulp (R) , Kurtz (R) , Macco (R) , Magnafici (R) , Murphy (R) , Mursau (R) , Neylon (R) , Novak (R) , Oldenburg (R) , Ott (R) , Petersen (R) , Plumer (R) , Pronschinske (R) , Quinn (R) , Ramthun (R) , Sanfelippo (R) , Schraa (R) , Skowronski (R) , Snyder (R) , Sortwell (R) , Stafsholt (R) , Steffen (R) , Steineke (R) , Summerfield (R) , Swearingen (R) , Tauchen (R) , Thiesfeldt (R) , Tittl (R) , Tusler (R) , VanderMeer (R) , Vorpagel (R) , Wichgers (R) , Wittke (R) , Zimmerman (R)

11 cosponsors

Craig (R) , Feyen (R) , Jacque (R) , Kapenga (R) , LeMahieu (R) , Marklein (R) , Nass (R) , Stroebel (R) , Testin (R) , Tiffany (R) , Wanggaard (R)