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Bills · 2023-2024 Regular Session

SB 2

Died at session end Official bill text Atom feed

Relating to: eliminating the personal property tax. (FE)

Legislature — Tax exemptions joint survey committee on Property tax Shared revenue

  1. Introduced, stopped here
  2. Passes Senate, not reached
  3. Passes Assembly, not reached
  4. Governor signs, not reached
  5. Law, not reached

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 those items used in

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

2019, the state pays each taxing jurisdiction an amount equal to the property taxes

levied on those 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,

2023, no items of personal property will be subject to the property tax.

The bill also makes a number of technical changes related to the repeal of the

personal property tax, such as providing a process whereby manufacturing

establishments located in this state that do not own real property in this state may

continue to claim the manufacturing income tax credit.

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

Introduced by: Bradley (R) , Cabral-Guevara (R) , Feyen (R) , Hutton (R) , Jacque (R) , James (R) , LeMahieu (R) , Nass (R) , Quinn (R) , Stroebel (R) , Testin (R) , Tomczyk (R) , Wanggaard (R) , Wimberger (R)

47 cosponsors

Allen (R) , Armstrong (R) , Binsfeld and Michalski , Bodden (R) , Brandtjen (R) , Brooks (R) , Callahan (R) , Dittrich (R) , Donovan (R) , Duchow (R) , Edming (R) , Goeben (R) , Green (R) , Gundrum (R) , Gustafson (R) , Kitchens (R) , Knodl (R) , Krug (R) , Magnafici (R) , Maxey (R) , Moses (R) , Murphy (R) , Mursau (R) , Nedweski (R) , Neylon (R) , Novak (R) , O'Connor (R) , Oldenburg (R) , Penterman (R) , Plumer (R) , Rettinger (R) , Rozar (R) , S. Johnson (R) , Sapik (R) , Schraa (R) , Snyder (R) , Sortwell (R) , Stafsholt (R) , Steffen (R) , Summerfield (R) , Swearingen (R) , Tittl (R) , Tranel (R) , Tusler (R) , VanderMeer (R) , Wichgers (R) , Zimmerman (R)

Votes

Senate: Report adoption of Senate Amendment 1 to Senate Substitute Amendment 1 recommended by Committee on Universities and Revenue, Ayes 9, Noes 0

Passed 9–0 May 9, 2023 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Senate: Report adoption of Senate Substitute Amendment 1 recommended by Committee on Universities and Revenue, Ayes 8, Noes 1

Passed 8–1 May 9, 2023 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Senate: Report passage as amended recommended by Committee on Universities and Revenue, Ayes 7, Noes 2

Passed 7–2 May 9, 2023 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Full history

  1. Jan 27, 2023 · Senate

    Introduced by Senators Stroebel, Testin, Jacque, Feyen, Hutton, James, Bradley, LeMahieu, Nass, Quinn, Tomczyk, Wanggaard, Wimberger and Cabral-Guevara; cosponsored by Representatives Knodl, Armstrong, Allen, Callahan, Dittrich, Donovan, Duchow, Edming, Goeben, Green, Gundrum, Gustafson, S. Johnson, Kitchens, Magnafici, Maxey, Moses, Murphy, Mursau, Nedweski, Neylon, Novak, O'Connor, Oldenburg, Penterman, Plumer, Rettinger, Rozar, Sapik, Schraa, Snyder, Sortwell, Steffen, Summerfield, Tittl, Tranel, Tusler, VanderMeer, Wichgers, Zimmerman, Brooks, Brandtjen, Bodden and Krug

  2. Jan 27, 2023 · Senate

    Read first time and referred to Committee on Universities and Revenue

  3. Jan 30, 2023 · Senate

    Representative Swearingen added as a cosponsor

  4. Feb 1, 2023 · Senate

    Representatives Binsfeld and Michalski added as cosponsors

  5. Feb 15, 2023 · Senate

    Fiscal estimate received

  6. Feb 16, 2023 · Senate

    Senator Stafsholt added as a coauthor

  7. Apr 24, 2023 · Senate

    Senate Substitute Amendment 1 offered by Senator Stroebel

  8. Apr 24, 2023 · Senate

    LRB correction (Senate Substitute Amendment 1)

  9. Apr 25, 2023 · Senate

    Public hearing held

  10. Apr 27, 2023 · Senate

    Fiscal estimate received

  11. May 1, 2023 · Senate

    Senate Amendment 1 to Senate Substitute Amendment 1 offered by Senator Stroebel

  12. May 8, 2023 · Senate

    Executive action taken

  13. May 9, 2023 · Senate

    Report adoption of Senate Amendment 1 to Senate Substitute Amendment 1 recommended by Committee on Universities and Revenue, Ayes 9, Noes 0

  14. May 9, 2023 · Senate

    Report adoption of Senate Substitute Amendment 1 recommended by Committee on Universities and Revenue, Ayes 8, Noes 1

  15. May 9, 2023 · Senate

    Report passage as amended recommended by Committee on Universities and Revenue, Ayes 7, Noes 2

  16. May 9, 2023 · Senate

    Available for scheduling

  17. Apr 15, 2024 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1