Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

TexasTowelie

(116,926 posts)
Sat Feb 9, 2019, 04:17 PM Feb 2019

Dark-store lawsuits could end, but uncertainty lingers

JANESVILLE -- The curtain might be falling on the dark-store legal theory in Wisconsin, but it’s possible big-box retailers will find another method to reduce their property tax assessments, a Janesville official said.

Dark-store lawsuits returned to headlines earlier this week after Gov. Tony Evers said he planned to outlaw the legal strategy in his first state budget. Often used by large retail corporations, dark-store lawsuits compare fully operational businesses to vacant buildings of similar size in an effort to reduce their valuations.

Janesville and other municipalities have lobbied the state Legislature to prohibit the dark-store strategy, but bipartisan bills to do so died on the Capitol floor. Advisory referendums to ban use of the strategy passed overwhelmingly across the state in November.

Although City Assessor Michelle Laube is “cautiously optimistic” the Legislature will forbid dark-store lawsuits, companies might still find ways to reduce their tax bills, she said.

Read more: https://www.gazettextra.com/news/government/dark-store-lawsuits-could-end-but-uncertainty-lingers/article_37939eed-96fb-5afb-9196-2accc9db095a.html

1 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Dark-store lawsuits could end, but uncertainty lingers (Original Post) TexasTowelie Feb 2019 OP
She's right-- time after time elected officials and... TreasonousBastard Feb 2019 #1

TreasonousBastard

(43,049 posts)
1. She's right-- time after time elected officials and...
Sat Feb 9, 2019, 04:32 PM
Feb 2019

poorly paid bureaucrats have been no match for corporate accountants with almost unlimited funds being spent to avoid spending on taxes.

Latest Discussions»Region Forums»Wisconsin»Dark-store lawsuits could...