LRB-2317/2
JS:mfd:jf
1997 - 1998 LEGISLATURE
May 22, 1997 - Introduced by Representatives Grothman, F. Lasee, Albers, Kedzie,
Kelso, J. Lehman, Lorge, Musser, Owens, Schneider, Seratti, Urban,
Ziegelbauer and Zukowski, cosponsored by Senators Shibilski, Farrow, A.
Lasee and Plache. Referred to Committee on Ways and Means.
AB377,1,3
1An Act to amend 74.41 (1) (intro.); and
to create 20.855 (4) (ag) and 70.995 (9m)
2of the statutes;
relating to: state payment of refunds of taxes on property used
3in manufacturing and making an appropriation.
Analysis by the Legislative Reference Bureau
Under current law, the department of revenue assesses, for property tax
purposes, property that is used in manufacturing. If the owner of that kind of
property appeals an assessment and ultimately prevails, the municipality in which
the property is located pays the refund that is due. If the refunds that the
municipality owes in any year are sufficiently high it may charge back to the other
taxing jurisdictions for which it collects taxes their share of those refunds. Under
this bill, this state pays all refunds of the taxes on property that is used in
manufacturing.
For further information see the state and local fiscal estimate, which will be
printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB377, s. 1
4Section
1. 20.855 (4) (ag) of the statutes is created to read:
AB377,1,55
20.855
(4) (ag) A sum sufficient to make the payments under s. 70.995 (9m).
AB377, s. 2
1Section
2. 70.995 (9m) of the statutes is created to read:
AB377,2,52
70.995
(9m) If, after final adjudication, it is determined that a refund of taxes
3on property that is assessed under this section is due, the department of
4administration shall pay the refund from the appropriation account under s. 20.855
5(4) (ag).
AB377, s. 3
6Section
3. 74.41 (1) (intro.) of the statutes is amended to read:
AB377,2,117
74.41
(1) Submission of refunded or rescinded taxes to department. (intro.)
8By October 1 of each year, the clerk of a taxation district may submit to the
9department of revenue, on a form prescribed by the department of revenue, a listing
10of all general property taxes
, except taxes based on assessments under s. 70.995, on
11the district's tax roll which, subject to sub. (2), meet any of the following conditions:
AB377,2,1413
(1) This act first applies to refunds of taxes that are based on the assessment
14as of the January 1 after publication.
