powered help
header-left header-center header-right
File #: 961576    Version:
Type: Resolution Status: Placed On File
File created: 1/17/1997 In control: JUDICIARY & LEGISLATION COMMITTEE
On agenda: Final action: 6/16/1998
Effective date:    
Title: Substitute resolution seeking introduction and passage of state legislation which exempts office equipment and associated software from property taxation.
Sponsors: ALD. HENNINGSEN
Indexes: COMMUNICATIONS SYSTEMS, STATE LEGISLATION, TAXATION
NUMB:
961576
VERS:
SUBSTITUTE 1
REF:

XXBY:
ALD. HENNINGSEN
TITL:
Substitute resolution seeking introduction and passage of state legislation which exempts office equipment and associated software from property taxation.
ANLS:
- Analysis - This resolution directs the Intergovernmental Relations Division - Department of Administration to seek introduction and passage of state legislation exempting computers, other automated office equipment and associated software from personal property taxation in order to stimulate economic development in the city of Milwaukee.


BODY:
Whereas, A statewide review of the impact of personal property taxes has not been conducted since 1978, and since that time there has been an exponential growth in the use of computers and the development of the computer services industry; and

Whereas, Manufacturing and farm equipment, home furnishings and cars are presently exempted from property taxation for purposes of stimulating economic development, and likewise, computers, other automated office equipment and associated software should be exempted for purposes of economic development; and

Whereas, Individuals do not pay personal property taxes on their possession of these items, and businesses in nearby states, such as Illinois and Iowa, do not pay personal property taxes on computers, other automated office equipment and associated software; and

Whereas, Taxation of these items makes Milwaukee businesses less competitive, adversely impacting business decisions on location and expansion, and makes it difficult for companies that rely extensively on computers or are in the computer services industry to be competitive in Milwaukee; and

Whereas, Exempting computers, other automated office equipment and associated software from property taxation would have little impact on the amount of property taxes collected statewide, since such taxation accounts for only $50 million of $14 billion, or 0.36%, in propert...

Click here for full text