New Laws

By: Teresa Moua-Her
By: Teresa Moua-Her

The New Year will mark the start of new laws throughout Wisconsin.
January first marks the first day a dozen state bills take effect.
There are a number of bills the Wisconsin legislature passed in 2005 but only a few will really have an impact on Wisconsinites in 2006...and as Representative Rob Kreibich tells us, some of them are already in effect.
This year, the legislature brought more economic growth to Wisconsin.
Representative Rob Kreibich says it was the legislature?s number one priority to continue making Wisconsin a good place to do business.
With that, a new law that passed in 2003 will finally take effect on Sunday?the tax credit extension.
It allows for more time to use tax credits given to businesses like Hutchinson Technology and others at Banbury Place,
Instead of having 15 years to use the credit,...they now have 20.
"The problem is that because of some time constraints in how we deliver those credits and how they can be claimed, many of them went unclaimed,? says Kreibich, ?$170 million in tax credit that were issued out already for businesses weren't being used."
With the extension, there is less paperwork and more jobs are expected to be created.
More about taxes, some Wisconsinites have probably noticed the difference or, in this case, the stagnant numbers in property taxes, Kreibich says.
"I think people have been somewhat pleasantly surprised that when they opened the property tax bills this year that they pretty much went down or stayed the same"
That's not it...the state is also posting the names and information about taxpayers who owe tens of thousands of dollars on the web.
"If you just owe a small amount your name isn't going to appear on the internet,? says Kreibich, ?This is for the worst offender who have not paid their Wisconsin income taxes and not just a few months late but its been a perpetual problem."
That law has already taken effect, and the legislator says its working. Some taxpayers are in the process of settling up with the state.
As for 2006, health care costs and health care co-ops between small businesses are expected to dominate the state legislature.


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