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The largest property tax exemption is the exemption for registered non-profit organizations; all 50 states fully exempt these organizations from state and local property taxes with a 2009 study estimating the exemption's forgone tax revenues range from $17–32 billion per year.
The Division of State and Local Finance (SLF) is responsible for establishing the state's equalized values for property tax purposes. They assess commercial, manufacturing, telecommunication, airport, railroad, and other special property, and provide financial management, training, and certification for municipal and county governments on ...
The twin revenue-raising successes of Wisconsin's 1911 (the Wisconsin Income Tax, the first "modern" State Income Tax was passed in 1911 and came into effect in 1912) and the United States' 1914 income taxes prompted imitation. [60]
Wisconsin Republicans call for tax cut as budget surplus estimate rises to $4.3B ... O’Connor added that the state should not give a one-time tax refund but instead reduce taxes permanently for ...
The state Department of Revenue has an updated free income tax filing system, and is participating in a free IRS program.
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According to an article published in the Journal of Property Tax Assessment & Administration in 2009, the increase in the use of TIF in Chicago resulted in a "substantial portion of Chicago's property tax base and the land area" being subsumed by these levy zones—"26 percent of the city's land area and almost a quarter of the total value of ...
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