Change the Tax Structure for Non-Ferrous Minerals

Bill Number: 
HB 6007-6012
Status: 
Signed into law by the Governor
Vote Result: 
House: Yeas = 67, Nays = 38 | Senate: Yeas = 26, Nays = 12
Desired Vote: 
No
Priority: 
3

Changes the ad valorem tax structure currently in place for nonferrous minerals to a severance tax structure. The proposed tax rate of 2.75% is significantly lower than Wisconsin's graduated tax rate of 3 to 15%. No part of the revenue raised by the new tax was specifically allocated for potential environmental cleanup costs associated with mining.