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WI AB183

WI AB183
Standard industrial classification codes for linen supply and industrial launderers and modifying the manufacturing and agriculture tax credit. (FE)


summary

Introduced
04/15/2025
In Committee
05/08/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 Regular Session

Bill Summary

Current law uses industry classifications set forth in the Standard Industrial Classification manual, published by the federal government, for a number of purposes, including to assess manufacturing property for property tax purposes. Taxpayers who own property assessed as manufacturing are also eligible to claim certain income tax credits and sales and use tax exemptions. This bill adds SIC industry codes for linen supply and industrial launderers for the purpose of assessing the property of such industries as manufacturing property. The bill also modifies the definition of Xqualified production propertyY for purposes of claiming the manufacturing and agriculture tax credit to include items that are laundered or dry cleaned and sold, leased, or rented to or exchanged with industrial, commercial, or government users. For further information see the state and local fiscal estimate, which will be printed as an appendix to this bill.

AI Summary

This bill updates Wisconsin's industrial classification and tax credit systems to include linen supply and industrial laundry businesses. Specifically, the bill adds two new Standard Industrial Classification (SIC) codes - 7213 for linen supply and 7218 for industrial launderers - which will allow these businesses to be assessed as manufacturing property for tax purposes. The bill also expands the definition of "qualified production property" for the manufacturing and agriculture tax credit to include a wide range of laundered or dry-cleaned items sold, leased, rented, or exchanged with industrial, commercial, or government users. These items include professional uniforms (for doctors, nurses, restaurant employees), work clothing, linens, mats, dust control items, and wiping towels. The changes will first apply to property tax exemptions and tax credits beginning January 1, 2025, providing these industries with new tax benefits and recognition as manufacturing businesses.

Committee Categories

Budget and Finance

Sponsors (11)

Last Action

Representative Franklin added as a coauthor (on 10/09/2025)

bill text


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