In Wisconsin, Business Owners deal with this "blasted" personal property tax...

Hello. My name is Terry Scott. I'm your NFIB Rep.

From time to time I'll share information like this one, which is a recent news release by your State Director, Mr. Bill Smith. If you would like to know more about NFIB, how it works for you and your business or on how to get started today, please contact me.

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NFIB Urges Lawmakers to Eliminate Personal Property Tax, Close the Dark Store Loophole
Media Contacts: Emily Carlson, Senior Media Manager, 907-891-4331 or emily.helland@nfib.org or Bill G. Smith, Wisconsin State Director, 608-516-9872 or bill.smith@nfib.org

Madison, February 10th, 2020 -  NFIB, the leading small business organization in Wisconsin, is urging lawmakers to take an important step forward towards tax fairness. Lawmakers wrap up their floor period in just a few weeks. The time is now to pass bipartisan legislation eliminating the dark store loophole and repealing the personal property tax.

According to the Legislative Fiscal Bureau, the state of Wisconsin will take in $818 million more than expected. “As our state’s small businesses continue to hire and create new jobs, increase wages and invest in our communities, it is critically important that tax fairness legislation be enacted before legislators wrap-up the 2019-20 session,” said Bill G. Smith, NFIB State Director in Wisconsin.
The personal property tax, in many ways is a small business tax.  It is a grab bag of exemptions and definitions that violate the basic principles of tax fairness, simple cost-effective administration, and low enforcement costs. To be competitive with surrounding states, promote economic development, and importantly, encourage small business creation and growth, NFIB believes the personal property tax should be eliminated. Senate Bill 257 and Assembly Bill 288 have bipartisan support.
The “dark store loophole” is based on a 2008 decision by the Supreme Court that has allowed big retailers to successfully challenge their assessments based on vacant or abandoned stores, gaining significant reductions in the property taxes.
Small business owners are deeply concerned over the increasing use of the dark hole strategy, which results in millions of property tax dollars being shifted to Main Street businesses and homeowners.
Senate Bill 130 and Assembly Bill 146 have broad bipartisan support. As the legislative session winds down, Wisconsin small business owners urge lawmakers to act now.

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For more than 75 years, NFIB has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is nonprofit, nonpartisan, and member-driven. Since our founding in 1943, NFIB has been exclusively dedicated to small and independent businesses, and remains so today. For more information, please contact Terry (Ter) Scott, NFIB Membership Rep. 

Also, regardless in whatever state you conduct business, I will assist you with your membership. 

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