This week the Senate and Assembly passed the Republican Tax Cut Package. This bill puts $250 million toward the reduction of middle class income taxes by changing the standard deduction tables. In addition, approximately $45 million would be directed to municipalities to offset the removal of another category of the burdensome personal property tax. Finally, $100 million would pay off general fund supported borrowing and another $123 million will be deposited into the Rainy Day Fund.

The tax cuts would start in the 2020 tax year and the average income tax filer would see a $106 tax reduction, according to the nonpartisan Legislative Fiscal Bureau (LFB). The income tax cut is targeted to lower and middle income brackets and would constitute the second income tax cut for taxpayers during the current legislative session.

The LFB estimates the GOP tax cuts since 2011 have amounted to a cumulative savings for Wisconsin taxpayers of more than $13 billion over ten years. Legislative Republicans have returned a surplus to taxpayers three other times.

After all elements of the tax cut package are considered, Wisconsin will still have a surplus of more than $350 million at the end of the biennium and a Rainy Day Fund balance of over $950 million!

 Spotlight on Agriculture

Wisconsin’s agriculture industry contributes $104 billion to the state economy annually and Wisconsin has a rich and proud farming heritage, particularly in the 31st Assembly District. The last several years have been difficult for Wisconsin farmers across the board. Assembly Republicans put forward a big and bold plan to provide Wisconsin farmers short-term and long-term relief.

The bills I authored as part of the package, listed below, are part of the long-term plan to continue to support farmers and make sure Wisconsin continues to be a leader in agriculture industries across the nation.

Assembly Bills 874 and 876: seek to fully leverage the assets of the UW-System (AB 874) and UW-Madison (AB 876) by directing these institutions to inventory, evaluate, and provide recommendations on how to enhance their agriculture-related course offerings. This information will help us determine the best way forward in these difficult times so Wisconsin can lead the way in 21st century agriculture. The bills are awaiting Senate action.

Assembly Bill 875: authored with Rep. Treig Pronschinske (R-Mondovi) gives farmers and those who are self-employed the ability to fully deduct their health insurance expenses on their income taxes, just like every other type of business arrangement already can under current law, providing tax relief for small businesses and farmers in Wisconsin. The bill is awaiting Senate action.

There are additional bills that are part of the Agriculture package, including ideas that Governor Evers proposed as part of the Special Session on Agriculture that the Assembly has passed.

Assembly Bill 873: This bill provides an income and franchise tax credit of taxes levied on buildings and other improvements. This credit is equal to 66% of the individual’s taxes levied on buildings up to $7,500 per entity and is eligible to individuals with a gross income of at least $35,000.  

Special Session Assembly Bill 6: This bill increases grants to dairy processing plants by $600,000 annually. 

Special Session Assembly Bill 7: This bill focuses on building Wisconsin's agriculture exports by providing $5 million to focus on products in the dairy, meat and crops categories. The bill also requires DATCP and WEDC to work together on promoting agriculture exports.


Friend of History

Last week I was recognized as a "Friend of History" by the Wisconsin Historical Society! A special thanks to this group from Black Point Estate for coming to visit and presenting me with the award!


 Legislative Update

This week, the State Assembly wrapped up legislative business for this session. I'm happy to report I had several bills continue to move through the legislative process this week.

Assembly Bill 472: Joint EMS Districts has passed both chambers and is waiting final action from the Governor.

Assembly Bill 501: Pay Progression for State Public Defenders has passed the Assembly and is awaiting Senate concurrence. 

Assembly Bill 503: Floating Treatment Wetlands has passed both chambers and is waiting final action from the Governor.

Assembly Bill 556: Teaching Directive has passed the Assembly, been voted out of Senate committee and is waiting for a vote on the Senate floor.

Assembly Bill 737: Open Enrollment Limits has passed the Assembly, been voted out of Senate committee and is waiting for a vote on the Senate floor.

This session has been very productive and I'm proud of the work I've accomplished for the 31st Assembly District. There's always more ideas, including several I've already begun working on for next session!

It's Tax Season

This year's individual income tax filing deadline is Wednesday, April 15. DOR reminds taxpayers not to file until they have all their tax documents.

People may use the free and accurate Wisconsin e-file online tool to file their state income taxes, or they may choose to use third-party software from an approved vendor.

Taxpayers will find helpful resources available on DOR's website at including:

This spring, my office is working to put together care packages for our Wisconsin soldiers who are deployed serving our country. If you know a Wisconsin soldier who is currently deployed and would enjoy a package from home, contact my office by replying to this email. Care packages will be put together and mailed in March.  

 ICYMI: In Case You Missed It

Janesville Gazette: Wisconsin Republicans Propose Tax Cuts for Farmers

Beloit Daily News: Joint EMS Bill Approved By Senate

WCLO: Two Bills Authored By Loudenbeck Pass Assembly

Janesville Gazette: Others Views; Local Legislator is Backing Stewardship Program

My capitol office is here to help you with general inquiries as well as questions and concerns regarding legislative matters. Feel free to contact me or my staff. We are always ready to assist you in your needs. Please visit my website for press releases and other Capitol updates.

 If you have any comments regarding the subject of this E-Update, please feel free to contact me.   

Rep. Amy Loudenbeck 
State Capitol, Room 304 East
PO Box 8952
Madison, WI 53708

Toll-Free (888) 529-0031 or (608) 266-9967| |