77.54 (9m) The sales price from the sale of and the storage, use, or other consumption of tangible personal property, or items or property under s. 77.52 (1) (b) or (c), sold to a construction contractor that, in fulfillment of a real property construction activity, transfers the tangible personal property, or items or property under s. 77.52 (1) (b) or (c), to an entity described under sub. (9a) (b), (c), (d), (em), (f), or (fc) or (9g), a technical college district, the University of Wisconsin Hospitals and Clinics Authority, the Board of Regents of the University of Wisconsin System, an institution, as defined in s. 36.05 (9), a college campus, as defined in s. 36.05 (6m), or the University of Wisconsin-Extension, if such tangible personal property, or items or property, becomes a component of a facility in this state that is owned by the entity. In this subsection, “facility" means any building, shelter, parking lot, parking garage, athletic field, athletic park, storm sewer, water supply system, or sewerage and waste water treatment facility, but does not include a highway, street, or road.
1,124
Section
124. 77.61 (5) (b) 8m. of the statutes is created to read:
77.61 (5) (b) 8m. The state auditor and the employees of the legislative audit bureau to the extent necessary for the bureau to carry out its duties under s. 13.94.
1,125
Section
125. 79.02 (1) of the statutes is amended to read:
79.02 (1) The Except as provided in sub. (2) (b), the department of administration, upon certification by the department of revenue, shall distribute shared revenue payments to each municipality and county on the 4th Monday in July and the 3rd Monday in November.
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Section
126. 79.02 (2) (b) of the statutes is amended to read:
79.02 (2) (b) Subject to ss. 59.605 (4) and 70.995 (14) (b), payments in July shall equal 15 percent of the municipality's or county's estimated payments under ss. 79.035 and 79.04 and 100 percent of the municipality's estimated payments under s. 79.05. Upon certification by the department of revenue, the estimated payment under s. 79.05 may be distributed before the 4th Monday in July.
1,127
Section
127. 79.02 (3) (a) of the statutes is amended to read:
79.02 (3) (a) Subject to s. 59.605 (4), payments to each municipality and county in November shall equal that municipality's or county's entitlement under ss. 79.035, 79.04, and 79.05 for the current year, minus the amount distributed to the municipality or county in July under sub. (2) (b).
1,128
Section
128. 79.02 (3) (e) of the statutes is amended to read:
79.02 (3) (e) For the distribution in 2004 and subsequent years, the total amount of the November payments to each county and municipality under s. 79.035
sub. (1) shall be reduced by an amount equal to the amount of supplements paid from the appropriation accounts under s. 20.435 (4) (b) and (gm) that the county or municipality received for the fiscal year in which a payment is made under this section, as determined under s. 49.45 (51).
1,129
Section
129. 79.035 (6) of the statutes is amended to read:
79.035 (6) Beginning with the distributions in 2016 and ending with the distributions in 2035, the annual payment under this section s. 79.02 (1) to a county in which a sports and entertainment arena, as defined in s. 229.41 (11e), is located shall be the amount otherwise determined for the county under this section, minus $4,000,000.
1,130
Section
130. 79.035 (7) (b) of the statutes is amended to read:
79.035 (7) (b) Beginning with the first payment due under this section s. 79.02 (1) after the county or municipality receives a grant under s. 16.047 (4m), the department of administration shall apply the reduction determined under par. (a) for each county and municipality by reducing 10 consecutive annual payments under this section s. 79.02 (1) to the county or municipality by equal amounts. If in any year the reduction under this paragraph for a county or municipality exceeds the payment under this section for the county or municipality, the department of administration shall apply the excess amount of the reduction to the payment to the county or municipality under s. 79.04.
1,131
Section 131
. 79.05 (1) (am) of the statutes is amended to read:
79.05 (1) (am) “Inflation factor" means a percentage equal to the average annual percentage change in the U.S. consumer price index for all urban consumers, U.S. city average, as determined by the U.S. department of labor, for the 12 months ending on September 30 August 31 of the year before the statement under s. 79.015, except that the percentage under this paragraph shall not be less than zero.
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Section 132
. 79.05 (2m) of the statutes is amended to read:
79.05 (2m) Annually, on November
October 1, the department of revenue shall certify the appropriate percentage change in the consumer price index that is to be used in the requirement under sub. (1) (am) to the joint committee on finance.
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Section
133.
Initial applicability.
(1) Homestead credit. The treatment of ss. 71.52 (1g) and 71.55 (10) first applies to claims filed for taxable years beginning after December 31, 2020.
(2) Retirement income exclusion. The treatment of ss. 71.05 (1) (ae), (am), and (an) and (6) (b) 54. and 71.83 (1) (a) 6. and the amendment of s. 71.05 (6) (b) 4. (as it relates to the retirement income exclusion) first apply to taxable years beginning after December 31, 2020.
(3) Reductions in shared revenue. The treatment of ss. 48.561 (3) (a) 3. and (b), 66.0602 (6) (a) and (b), 66.1105 (6m) (d) 4., 70.855 (4) (b), 70.995 (14) (b), 79.02 (3) (e), and 79.035 (6) and (7) (b) first applies to the distributions made in the year following publication.
(4) Interest rate on utility tax refunds. The treatment of ss. 76.075, 76.13 (3), 76.28 (4) (b) and (11), 76.39 (4) (d), and 76.48 (5) first applies to refunds paid on the effective date of this subsection regardless of the taxable periods to which the refunds pertain.
(5) Property of a church or religious association. The treatment of s. 70.11 (4) (b) 3. first applies to the property tax assessments as of January 1, 2021.
(6) University of Wisconsin Hospitals and Clinics Authority. The treatment of s. 77.54 (9m) first applies to contracts entered into on the effective date of this subsection.
(6m) Income from grants. The treatment of ss. 71.05 (1) (hn), 71.26 (3) (ag) 3. and (L), 71.34 (1k) (ah), and 71.45 (1) (dm) and (2) (a) 23. first applies to taxable years beginning after December 31, 2019, and before January 1, 2022.
(7) Income from the coronavirus relief fund. The treatment of ss. 71.05 (1) (h), 71.26 (3) (ag) 2. and (L), 71.34 (1k) (af), and 71.45 (1) (d) and (2) (a) 22. first applies to taxable years beginning after December 31, 2018.
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Section
134.
Effective dates. This act takes effect on the day after publication, except as follows:
(1) Objections to manufacturing assessments. The treatment of s. 70.995 (8) (c) 1. and (d) takes effect on the first January 1 after publication.
(2) Board of review training. The treatment of s. 70.46 (4) takes effect on the first January 1 after publication.
(3) Omitted property. The treatment of s. 74.315 (1), (1m), (2), and (3) takes effect on the first January 1 after publication.
(4) Assessor certification fees. The treatment of s. 73.09 (4) (c) and (5) takes effect on the first January 1 after publication.
