Republicans Reject Closing the “Dark Store Loophole” |
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News |
Written by Wisconsin Senate, Kate Constalie |
Wednesday, 22 January 2020 16:39 |
MADISON, WI – Senate Republicans once again blocked action to close the “Dark Store” loophole that allows large corporate retailers to shift their property tax liability onto homeowners and small businesses. All across Wisconsin, large corporate retailers have challenged their property taxes by arguing that the value of their new property is the same as an abandoned, or “dark,” property in a different location. Democrats have advocated for closing this loophole and preventing corporations from using vacant, abandoned or dark properties as a comparison for determining the value of a fully operational and occupied building.
A similar provision to close the “Dark Store” loophole was included in Governor Evers’ 2019-21 State Budget but was removed by Republicans on the Joint Finance Committee on the first day of budget deliberations. In May 2019, and again in June, Senate Democrats tried to close the dark store loophole before the full senate, but both attempts were blocked along party lines with Republicans voting against. |
Last Updated on Wednesday, 22 January 2020 17:11 |
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