Two state Senators want to amend the Wisconsin Constitution to alter property tax laws, revealing legislation Monday they said would help homeowners.

State Sen. Dave Hansen, D-Green Bay, and state Sen. Bob Wirch, D-Pleasant Prairie, introduced a plan to exempt the first $60,000 of a home’s value from property taxes.

The amount would be adjusted to keep up with inflation in the proposal. The authors of the bill said increasing corporate income taxes would pay for the exemption.

“This legislation will provide homeowners with the ability to constitutionally mandate tax relief for themselves,” Wirch said in a release.

The lobbyist group Wisconsin Property Taxpayers, Inc. opposes the bill. WPT said the bill doesn’t sufficiently reduce the tax burden on people who rent their homes, or one third of all property taxpayers.