Wis. Legislators Close In On $504M Tax Cut

Law360, New York (February 19, 2014, 4:06 PM EST) -- The Wisconsin legislature is close to approving approximately $504 million in income and property tax cuts after the state's top tax writing committee on Wednesday moved along revised legislation that has support from top lawmakers in the Republican-controlled Senate.

The state's Joint Committee on Finance voted 12-4 in support of legislation backed by Gov. Scott Walker that would reduce Wisconsin's lowest income tax bracket from 4.4 to 4 percent and also reduce local property taxes. The legislation was changed slightly from bills that were approved last...
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