STATE:

Why NFIB

Take Action

Get Support

Stay Informed

Podcast Podcast

Careers Careers

Join Now

Home / News /

Eliminate Personal Property Tax – Hot Topic at Wisconsin’s Capitol

February 27, 2023 Last Edit: June 5, 2025

Eliminate Personal Property Tax – Hot Topic at Wisconsin's Capitol

The Legislature and the Governor seem to be in agreement to eliminate the personal property tax. Governor Tony Evers budget proposal includes a provision that would fund the repeal of Wisconsin’s outdated and burdensome personal property tax. The Governor is providing $202.4 million to compensate local governments for the reduction in their property tax base, a payment that would increase each year by the annual percentage change in the CPI (Consumer Price Index). The Governor is also proposing several technical changes relating to repeal of the tax to address concerns he expressed when he vetoed legislation last session that would have eliminated the tax. Meanwhile, legislation that would eliminate the personal property tax has also been introduced in the Legislature. Senator Duey Stroebel (Saukville) and Representative Dan Knodl (Germantown) are working hard to move their legislation through the legislative process. Senate Bill 2, introduced by Senator Stroebel, has been referred to the Senate Committee on Universities and Revenue, and Assembly Bill 2, introduced by Representative Knodl, is being reviewed by the Assembly Committee on Ways and Means. SB 2 has 12 co-sponsors, and AB 2 has 45 co-sponsors. Representative Knodl said, “I am pleased the Governor included my initiative to eliminate the personal property tax, a bipartisan issue I have led on for years. We will work together on that area of agreement and finally kill that burden on our small businesses once and for all.” The elimination of the personal property tax is a top NFIB tax reform initiative, supported by 82 percent of respondents to a recent state survey ballot. NFIB members are encouraged to contact their elected officials to urge support for passage of Senate Bill 2 and Assembly Bill 2.

Topics:

Taxes

State:

Wisconsin

Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Learn More

May 22, 2026

Millionaire Tax, New Mandates Mark Another Tough Session for State’s Small Businesses

Despite setbacks, NFIB defeated 90% of bills most harmful to small businesses

May 20, 2026

Post-Primary Comment on the Defeat of Measure 120

Voters send clear message: State government should live within its means

Man in a dark suit and blue polka-dot tie speaks during a live C-SPAN Washington Journal interview, with a cityscape backdrop visible behind him.

May 20, 2026

NFIB on C-SPAN: How Small Businesses are Managing Economic Pressures

A discussion on C-SPAN featuring an NFIB expert covers the current state of the small business economy and the top issues that are impacting Main Street.

May 19, 2026

Small Businesses Encouraged by Introduction of Ohio Gas Tax Reduction

House Bill 850 proposes an immediate 50% reduction for three months.

Eliminate Personal Property Tax – Hot Topic at Wisconsin's Capitol

Related Articles