Currently Active Legislation
State Income Taxes: Section 179
Senate Bill 24 has been introduced by Senator Marklein. It allows for the purposes of computing depreciation, depletion, or amortization and deductions under section 179 of the Internal Revenue Code, a taxpayer may use the law in effect on January 1, 2013 for Wisconsin income tax years beginning on or after January 1, 2014. WFBF has registered in support of Senate Bill 24. A companion bill (Assembly Bill 48) has been introduced by Representative Kooyenga in the State Assembly.
Speed Limit Increase
Senate Bill 26 and Assembly Bill 27 have been introduced by Senator LeMahieu and Representative Tittl. These companion bills would increase the speed limit on freeways and expressways from 65 miles per hour to 70 miles per hour. WFBF is monitoring the legislation.
Senate Bill 23 and Assembly Bill 25 have been introduced by Senator Lasee and Representative Craig. These companion bills prohibit the Department of Natural Resources (DNR) from adopting an administrative rule or enforcing a federal regulation for residential or commercial wood stoves that is more stringent than the federal standards in effect on December 31, 2014. The Federal Clean Air Act requires the Environmental Protection Agency (EPA) to establish regulations to limit air pollution from sources that cause or contribute significantly to air pollution that may endanger public health or welfare. In 1988, the EPA established new regulations for certain wood burning stoves used for residential heating. The DNR adopted these standards in Wisconsin in 1990. In 2014, the EPA proposed more stringent standards for residential wood burning stoves. Senate Bill 23 and Assembly Bill 25 would prohibit the DNR from adopting these standards in Wisconsin. WFBF is monitoring this legislation.
Tax Incremental Districts for Towns
Assembly Bill 45 has been introduced by Representative Jacque to allow towns that have the authority to create a Tax Incremental District (TID) to join a Multijurisdictional Tax Incremental District (MJTID). Current law allows cities and villages to jointly create a MJTID, while towns are prohibited from participating. A TID is the land located within a Tax Incremental Finance (TIF) district created by local governments. A TIF district allows the additional property taxes generated by new development or redevelopment to help pay for public works infrastructure such as roads, water and sewer. WFBF is monitoring the legislation.
Companion bills, Senate Bill 33 from Senator Bewley, and Assembly Bill 63 from Representative Billings, would allow a school district, technical college district or public library board to partner with an eligible applicant (telecommunications utility, city, village, town, or county) to apply to the Public Service Commission for a broadband expansion grant. WFBF is monitoring the legislation.
Legislation Enacted into Law