FORT WAYNE, Ind. (WOWO): The Allen County Board of Commissioners thinks the recent legislation of eliminating personal property tax on new business equipment wouldn’t be in the best interest of the county.

The Board of Commissioners issued a statement about the legislation and said it’s concerned it would place a tax burden on homeowners. The city council is scheduled to talk about the proposal next week.

“The Board of Commissioners has been examining the proposal recently submitted to the Fort Wayne Common Council for consideration that would eliminate the business property tax that is charged on new non-real-estate-related items owned by businesses,” the Allen County Board of Commissioners said in a statement. “After careful review, the Board has determined the proposal as presented is not in the best interest of the county. The Board is concerned elimination of the tax would shift an unfair property tax burden on to homeowners and other property owners.”

The board also said it would create competition between Allen County and neighboring counties, which would still have the tax in place. But, the board said it is open to further discussions about the proposal.

City Councilman Jason Arp introduced the legislation. He said the government should create a level playing field for businesses. He believes targeted incentives, which he usually opposes, don’t do that.

If the legislation was passed, it could reduce income for local governments by $51 million.

RELATED: Fort Wayne councilman set to introduce resolution ending taxes on new business equipment