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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.’’
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Full text of S.B. 132 can be found at http://docs.legis.wisconsin.gov/2013/related/proposals/sb132.
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