Home Local News Gov. Evers, Democrats look to repeal Personal Property Tax

Gov. Evers, Democrats look to repeal Personal Property Tax

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Gov. Tony Evers

Gov. Tony Evers, along with State Senator Brad Pfaff and State Rep. Robyn Vinning, introduced legislation Wednesday to repeal Wisconsin’s personal property tax and to create a new state aid payment to compensate local governments for their lost revenue.

“When I ran for governor, I promised I would cut taxes for middle-class families, and I’m proud to have kept that promise by delivering one of the largest tax cuts in state history in my most recent budget, on top of the $480 million in tax relief for Wisconsin businesses and families affected by COVID-19 that I signed into law earlier this year,” said Gov. Evers in a statement. “This legislation will continue our efforts to support businesses and families as they bounce back from the pandemic while ensuring our local governments have the aid they need to remain whole.”

The bill, LRB-4737, would create a new state aid payment, compensating local governments for revenue that used to come from the tax. According to a press release from the governor’s office,” the bill “repeals the personal property tax in a responsible way by fully reimbursing local governments for their lost revenue and providing this funding on an ongoing basis with inflationary increases each year.”