RealEstateRama Laws & Taxes
The City of Milwaukee has been awarded a $1 million state grant for the development of Reed Street Yards, a water technology business park now under construction adjacent to the Global Water Center
Some owners will get a check for their unclaimed property, while others with larger property value amounts will get a letter with information about how to file a claim.
Representative David Craig (R-Town of Vernon) co-authored legislation regarding elimination of the personal property tax. The personal property tax is a tax on certain personal property owned by businesses. Over the years the legislature has exempted: individuals, farmers, computing equipment, and certain manufacturing equipment from the tax because of its onerous nature. The cost of complying with this tax to businesses can exceed the revenues it brings in. The reporting measures required by this tax are a tedious hindrance to business that they must comply with year after year
MADISON, WI – March 17, 2015 – (RealEstateRama) — This Wisconsin Department of Revenue has online applications and information to help you file your income...
On May 9, 2013, Congressman Jim Sensenbrenner (R-Wis.) introduced H.R. 1944, the Private Property Rights Protection Act, which would prevent the federal government or any authority of the federal government from using economic development as a justification for exercising its power of eminent domain. This bill would also discourage states and localities from abusing their eminent domain power by denying states or localities that commit such abuse all federal economic development funds for a period of two years. Today, it passed in the House of Representatives 353-65
Following the State Senate’s approval of Special Session Senate Bill 1, legislation that would provide a total of $100 million in property tax relief, Senator Joe Leibham (R-Sheboygan) offered the following statement:
The House Judiciary Committee today approved legislation by voice vote that prohibits state and local governments that receive federal economic development funds from using eminent domain to transfer private property from one private owner to another for the purpose of economic development, the Private Property Rights Protection Act (H.R. 1944). This legislation is in response to the 2005 Supreme Court decision in the case of Kelo v. City of New London, which gives local governments broad authority to seize private property under the guise of economic development just to generate tax revenue. The Private Property Rights Protection Act passed the House of Representatives in the 109th and 112th Congresses
Congressman Jim Sensenbrenner (R-WI) prepared the following statement for today’s House Judiciary Committee markup on H.R. 1944, the Private Property Rights Protection Act of 2013:
Congressman Jim Sensenbrenner (R-WI) reintroduced the Private Property Rights Protection Act today. This bill would provide American citizens with the means to protect their private property from inappropriate claims of eminent domain. If a state or political subdivision of a state uses its eminent domain power to transfer private property to other private parties for the purpose economic development, the state would be ineligible for federal economic funds for two fiscal years following a judicial determination that the law has been violated. Additionally, the federal government would be prohibited from using eminent domain for economic development purposes.
April 26, 2011 - (RealEstateRama) -- For too long, middle-class taxpayers have been stuck with the costs of paying for more and more government. In 2000, the average property tax on a median value home in Wisconsin was $2,110. By 2006 it had risen to $2,729. Today it’s $2,963. Without the property tax reforms in our budget, these middle-class tax bills would rise to $3,425 by 2013.