Wisconsin Budget Deal Impacts Small Business Owners

Date: September 20, 2017

Related Content: News Economy Wisconsin

The two-month budget stalemate is over, as the Senate passed a $76 billion budget in a 19-14 vote.

The resulting proposal includes a variety of proposals that will impact small business owners. The budget currently awaits Gov. Scott Walker’s signature.

The Milwaukee Journal Sentinel outlined the agreement, which includes:

  • Eliminating Gov. Walker’s proposals for a $203 million state income tax cut proposal a $22 million sales tax holiday, and a $20 million increase to the earned income tax credit program
  • Cutting local property taxes on business machinery, not including manufacturers
  • Nixing the alternative minimum tax
  • Blocking a special tax district in Milwaukee from putting assessments on residential properties
  • Approving a new method for regulating room rental websites, such as Airbnb, in which local governments can’t prohibit these rentals if they are at least a week long but fewer than 29 days and the websites would need to register with the state and collect sales and room taxes

Related Content: News | Economy | Wisconsin

Subscribe For Free News And Tips

Enter your email to get FREE small business insights. Learn more

Get to know NFIB

NFIB is America's leading small business association, promoting and protecting the right of our members to own, operate, and grow their business

Find out more about
NFIB Membership

Or call us today

1-800-634-2669

News

State Issues


Choose Your State

Foundations

YEF Foundation Research Center Legal Foundation

Member Benefits