June 13, 2019 - Introduced by Representatives Knodl, Kulp, Allen, August, Born,
Brandtjen, Brooks, Dittrich, Duchow, Edming, Felzkowski, Gundrum,
Horlacher, Hutton, James, Kitchens, Kuglitsch, Kurtz, Macco, Magnafici,
Murphy, Mursau, Neylon, Novak, Oldenburg, Ott, Petersen, Plumer,
Pronschinske, Quinn, Ramthun, Sanfelippo, Schraa, Skowronski, Snyder,
Sortwell, Stafsholt, Steffen, Steineke, Summerfield, Swearingen,
Tauchen, Thiesfeldt, Tittl, Tusler, VanderMeer, Vorpagel, Wichgers,
Wittke, Zimmerman and Jagler, cosponsored by Senators Stroebel,
Marklein, LeMahieu, Craig, Feyen, Jacque, Kapenga, Nass, Testin, Tiffany
and Wanggaard. Referred to Committee on Ways and Means.

AB288,1,5 1An Act to repeal 70.13 (3), 70.13 (7), 70.35, 70.36 and 70.47 (15); to renumber
279.096 (1); to renumber and amend 79.096 (2) (a); to amend 26.03 (1m) (b)
3(intro.), 70.17 (1), 79.096 (3) and 978.05 (6) (a); and to create 70.111 (28), 70.17
4(3), 79.096 (1) (b) and 79.096 (2) (a) 2. of the statutes; relating to: eliminating
5the personal property tax and making an appropriation.

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.