Assembly Bill 183 aims to update the classification of certain industries within Wisconsin's tax code by adding specific Standard Industrial Classification (SIC) codes for linen supply and industrial launderers. The bill introduces new legal language to create SIC codes 7213 for linen supply and 7218 for industrial launderers, allowing properties in these sectors to be assessed as manufacturing property for tax purposes. This change is significant as it enables businesses in these industries to qualify for various tax benefits, including income tax credits and sales and use tax exemptions.

Additionally, the bill modifies the definition of qualified production property for the manufacturing and agriculture tax credit. It specifies that items laundered or dry cleaned and subsequently sold, leased, or rented to industrial, commercial, or government users will now be included in this definition. This encompasses a wide range of items, such as uniforms, linens, and dust control products. The new provisions will take effect for property tax exemptions starting January 1, 2025, and for taxable years beginning on the same date.