Senate Bill 177 aims to update Wisconsin's tax code by introducing new Standard Industrial Classification (SIC) codes for linen supply and industrial laundering services. Specifically, it creates two new SIC codes: 7213 for linen supply and 7218 for industrial launderers. This change allows properties associated with these industries to be assessed as manufacturing property for property tax purposes. Additionally, the bill modifies the definition of qualified production property for the manufacturing and agriculture tax credit to include items that are laundered or dry cleaned and subsequently sold, leased, or rented to industrial, commercial, or government users.

The bill outlines specific items that qualify under this new definition, including uniforms, gowns, table linens, work clothing, mats, and dust control items. The provisions of the bill will take effect for property tax exemptions starting January 1, 2025, and for taxable years beginning on the same date. This legislative change is intended to enhance the tax benefits available to businesses in the linen supply and industrial laundering sectors, thereby supporting their economic growth.