Oct. 10 --Wisconsin Gov. Scott Walker (R) has called for a special legislative session to address three tax bills aimed at providing relief to property owners and stimulating business development.
Walker said Oct. 10 he would call on the Wisconsin Assembly to support a property tax bill (number not available) that would provide property owners with $100 million in relief over four years. Walker also called for passage of a bill (S.B. 132) boosting Wisconsin's Historic Preservation Tax Credit program and a bill amending tax increment financing rules for municipalities (number not available). The three objectives for the special legislative session were described in Executive Order 117.
Walker said the property tax relief measure would provide the average homeowner with a tax reduction of $680 over four years. He said higher-than-expected growth in state revenues and his administration's success in managing state finances will allow homeowners to get the tax relief.
“In the decade prior to our taking office, property taxes on a median-valued home skyrocketed by 27 percent,’’ Walker said in a statement. “Now, because of our tough, but prudent decisions, we're able to invest $100 million in property tax relief for Wisconsin's hardworking families, farmers, and seniors.’’
To contact the reporter on this story: Michael Bologna in Chicago at firstname.lastname@example.org
To contact the editor responsible for this story: Cheryl Saenz at email@example.com
Full text of S.B. 132 can be found at http://docs.legis.wisconsin.gov/2013/related/proposals/sb132.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).