MADISON (WKOW) — The state’s largest business group has concerns over closing the “dark store” loophole.
It allows businesses to base their tax assessments similar to the value of a vacant store and typically results in lower property taxes for the business.
Wisconsin Manufacturers and Commerce says closing it would increase costs for businesses in Wisconsin.
Supporters who want to close the loophole believe big businesses paying small property taxes shifts the burden on homeowners.
“Over the last ten years there has been a shift, but in the opposite direction, away from residential to commercial, according to the Department of Revenue – so that’s actually not occurring”, Wisconsin Manufacturers and Commerce CEO Kurt Bauer said.
The dark store proposal is included in Governor Evers’ budget, and has bipartisan support among lawmakers.