Republicans reintroduce eliminating personal property tax

MILWAUKEE (CBS 58) -- There's a renewed effort at the state Capitol to eliminate one of Wisconsin's oldest taxes. 

We're talking about the personal property tax which is tax businesses pay on equipment like furniture and fixtures. 

Democrats and Republicans have long supported legislation to repeal the tax, but it's faced hurdles due to how the bill was written.

Gov. Tony Evers vetoed the bill last year because it included a provision to also eliminate taxes on utilities. 

Republicans say as of right now, they don't plan to make changes to the bill but both sides of the aisle are hopeful they can reach a deal. 

"Will work it through the committee process and if there are any tweaks that need to be done will deal with those as amendments and we should be able to move this forward," said State Rep. Dan Knodl (R-Germantown). 

"I would anticipate we will be in good shape there. I haven't seen the bill yet but hopefully the issues that were problematic are no longer problematic," said Gov. Evers. 

Currently, the personal property tax helps generate tax revenue for local governments which is why some are opposed to eliminating it. 

However, since 2016, the tax has not raised as much money as it once did.