NFIB celebrates personal property tax repeal
According to a recent press release from the National Federation of Independent Business (NFIB), small business owners across Wisconsin are applauding the repeal of the personal property tax, a complex tax that is assessed on the personal property of businesses and collected by local units of government.
The bipartisan revenue bill, which was signed into law by Gov. Tony Evers, also protects small businesses against being deemed nonessential and forced to shut their doors.
The elimination of the personal property tax has been a top NFIB tax reform initiative, supported by 82% of respondents to a recent state survey ballot.
A recent NFIB survey of members across Wisconsin also found 97% of respondents in support of eliminating the essential and nonessential designations from emergency orders.