SB1047: Bill Text

LRB-5289/1

KP:amn

2023 - 2024 LEGISLATURE

2023 Senate BILL 1047

February 19, 2024 - Introduced by Senator Larson, cosponsored by Representatives Ratcliff, Madison, Baldeh, Clancy, Palmeri, Stubbs and Sinicki. Referred to Committee on Universities and Revenue.

SB1047,1,2 An Act to create 70.11 (4m) (bm) and 70.11 (4m) (d) of the statutes; relating to: the property tax exemption for nonprofit hospitals.

Analysis by the Legislative Reference Bureau

This bill disallows a nonprofit hospital from being exempt from property taxation for a year in which the total amount of charity care provided by the hospital during the hospital's most recently completed fiscal year is less than the total amount of property taxes that would have been levied against the hospital's property. Current law generally exempts nonprofit hospitals from property taxation.

For further information see the 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:

SB1047,1 Section 1. 70.11 (4m) (bm) of the statutes is created to read:

SB1047,2,2 70.11 (4m) (bm) 1. This subsection does not apply to a hospital for a year in which the total amount of charity care provided by the hospital during the hospital's most recently completed fiscal year before January 1 of that year is less than the total amount of taxes that would be levied against the hospital's property, as determined under subd. 2., if the property was subject to taxation under this chapter.

SB1047,2,8 2. The assessor of the taxation district in which a hospital is located shall assess the value of the hospital's property and shall calculate the total amount of taxes that would be levied against the hospital, less the amount of the credits under s. 79.10 (4) and (5m) that would be allocable to the property, by all taxing jurisdictions to which the hospital's property would be subject if the property was subject to taxation under this chapter.

SB1047,2 Section 2. 70.11 (4m) (d) of the statutes is created to read:

SB1047,2,10 70.11 (4m) (d) In this subsection, “charity care” means any of the following:

SB1047,2,12 1. Free or discounted services provided under the hospital's financial assistance policy.

SB1047,2,15 2. Unreimbursed costs of the hospital for providing without receiving payment or subsidy goods, activities, or services that address the health of low-income or underserved individuals.

SB1047,2,17 3. Direct or indirect financial or in-kind subsidies provided to the state or local governments.

SB1047,2,18 (End)