SB803: Bill Text

Note: This Section provides that the actual adjusted levy, rather than the maximum allowable levy, for the preceding year is used to calculate the allowable increase in the levy limit when territory is subtracted from a tax incremental district.

SB803,14 Section 14 . 66.1105 (2) (f) 1. (intro.) of the statutes is amended to read:

SB803,9,11 66.1105 (2) (f) 1. (intro.) “Project costs" mean any expenditures made or estimated to be made or monetary obligations incurred or estimated to be incurred by the city which are listed in a project plan as costs of public works or improvements within a tax incremental district or, to the extent provided in this subd. 1. (intro.) or subds. 1. k., 1. m., and 1. n., or sub. (20) (c), without the district, plus any incidental costs, diminished by any income, special assessments, or other revenues, including user fees or charges, other than tax increments, received or reasonably expected to be received by the city in connection with the implementation of the plan. For any tax incremental district for which a project plan is approved on or after July 31, 1981, only a proportionate share of the costs permitted under this subdivision may be included as project costs to the extent that they benefit the tax incremental district, except that expenditures made or estimated to be made or monetary obligations incurred or estimated to be incurred by a 1st class city, to fund parking facilities ancillary to and within one mile from public entertainment facilities, including a sports and entertainment arena, shall be considered to benefit any tax incremental district located in whole or in part within a one-mile radius of such parking facilities. To the extent the costs benefit the municipality outside the tax incremental district, a proportionate share of the cost is not a project cost. “Project costs" include:

SB803,15 Section 15. 66.1105 (2) (f) 1. m. of the statutes is repealed.

Note: This Section repeals a statute relating to project costs for a one-half mile radius of a tax incremental district in the city of Kenosha. Sections 14 and 19 delete a cross-reference to this statute. Section 17 deletes language that is obsolete after the repeal of the statute in this Section.

SB803,16 Section 16. 66.1105 (2) (f) 1. n. of the statutes is amended to read:

SB803,9,17 66.1105 (2) (f) 1. n. With regard to a tax incremental district that is located anywhere other than a city to which sub. (6) (d) applies, and subject Subject to sub. (4m) (d), project costs incurred for territory that is located within a one-half mile radius of the district's boundaries and within the city that created the district.

SB803,17 Section 17. 66.1105 (6) (am) 2. e. of the statutes is repealed.

Note: This Section repeals an exception for a tax incremental district in the village of Denmark.

SB803,18 Section 18. 66.1105 (6) (am) 2. f. of the statutes is repealed.

Note: This Section repeals an exception for a tax incremental district in the city of Marinette.

SB803,19 Section 19 . 66.1105 (18) (c) 2. of the statutes is amended to read:

SB803,10,3 66.1105 (18) (c) 2. Notwithstanding the provisions under sub. (2) (f) 1. k., m., and n., a multijurisdictional tax incremental district may not incur project costs for any area that is outside of the district's boundaries.

SB803,20 Section 20. 70.05 (4n) of the statutes is amended to read:

SB803,10,9 70.05 (4n) If a taxation district assessor is requesting to view the interior of a residence, the assessor shall provide written notice information to the property owner of the property owner's rights regarding the inspection of the interior of the owner's residence. The notice information shall be in substantially the following form:

SB803,10,10 PROPERTY OWNER RIGHTS

SB803,10,19 You have the right to refuse entry into your residence pursuant to section 70.05 (4m) of the Wisconsin statutes. Entry to view your property is prohibited unless voluntarily authorized by you. Pursuant to section 70.05 (4m) of the Wisconsin statutes, you have the right to refuse a visual inspection of the interior of your residence and your refusal to allow an interior inspection of your residence will not be used as the sole reason for increasing your property tax assessment. Refusing entry to your residence also does not prohibit you from objecting to your assessment pursuant to section 70.47 (7) of the Wisconsin statutes. Please indicate your consent or refusal to allow an interior visual inspection of your residence.

Note: This Section requires an assessor to provide written “information,” rather than written “notice,” to a property owner of the owner's rights regarding the inspection of the interior of the owner's residence.

SB803,21 Section 21 . 70.11 (42) of the statutes is repealed.

Note: Sections 22 and 130 to 131 transfer the contents of the hub facility exemption from ch. 70, Stats. (which relates to general property taxes) to ch. 76, Stats. (which relates to special property taxes).

SB803,22 Section 22. 70.48 of the statutes is amended to read:

SB803,11,20 70.48 Assessor to attend board of review. The assessor or the assessor's authorized representative shall attend without order or subpoena all hearings before the board of review and under oath submit to examination and fully disclose to the board such information as the assessor may have touching the assessment and any other matters pertinent to the inquiry being made. All part-time assessors shall receive the same compensation for such attendance as is allowed to the members of the board but no county assessor or member of a county assessor's staff shall receive any compensation other than that person's regular salary for attendance at a board of review. The clerk shall make all corrections to the assessment roll ordered by the board of review, including all changes in the valuation of real property. When any valuation of real property is changed, the clerk shall enter the valuation fixed by the board in red ink in the proper class above the figures of the assessor, and the figures of the assessor shall be crossed out with red ink and enter a note of the valuation of the assessor and the change to that valuation made by the board. The clerk shall also enter upon the assessment roll, in the proper place, the names of all persons found liable to taxation on personal property by the board of review, setting opposite such names respectively the aggregate valuation of such property as determined by the assessor, after deducting exemptions and making such corrections as the board has ordered. All changes in valuation of personal property made by the board of review shall be made in the same manner as changes in real estate.

Note: This Section requires a clerk, when any valuation of real property is changed, to enter a note of the valuation made by the assessor and the change to a valuation made by the board of review.

SB803,23 Section 23 . 71.05 (6) (a) 1. (title) of the statutes is created to read:

SB803,11,22 71.05 (6) (a) 1. (title) `Interest.'

Note: Sections 23 to 25 , 27, 28 , 30, 32 to 37, 39 , 40, and 43 to 49 create titles for subdivisions relating to additions for individual income tax.

SB803,24 Section 24. 71.05 (6) (a) 2. (title) of the statutes is created to read:

SB803,12,2 71.05 (6) (a) 2. (title) `Losses.'

SB803,25 Section 25 . 71.05 (6) (a) 3. (title) of the statutes is created to read:

SB803,12,4 71.05 (6) (a) 3. (title) `Pre-1965 capital loss carry-over.'

SB803,26 Section 26. 71.05 (6) (a) 4. of the statutes is repealed.

Note: This Section repeals, from the list of additions for individual income tax, the amount of any lump sum distribution for employee benefit plans under the internal revenue code.

SB803,27 Section 27 . 71.05 (6) (a) 5. (title) of the statutes is created to read:

SB803,12,7 71.05 (6) (a) 5. (title) `Pre-1975 capital loss carry-over.'

SB803,28 Section 28 . 71.05 (6) (a) 6. (title) of the statutes is created to read:

SB803,12,9 71.05 (6) (a) 6. (title) `Pre-1979 accumulated earnings and profits.'

SB803,29 Section 29. 71.05 (6) (a) 7. of the statutes is repealed.

Note: This Section repeals, from the list of additions for individual income tax, any amount deducted under the internal revenue code for charitable contributions by individuals who do not itemize deductions.

SB803,30 Section 30 . 71.05 (6) (a) 8. (title) of the statutes is created to read:

SB803,12,12 71.05 (6) (a) 8. (title) `Nonresident entertainer.'

SB803,31 Section 31. 71.05 (6) (a) 9. of the statutes is repealed.

Note: This Section repeals, from the list of additions for individual income tax, any amount excluded from adjusted gross income for gain on the sale of property by a trust under the internal revenue code.

SB803,32 Section 32 . 71.05 (6) (a) 10. (title) of the statutes is created to read:

SB803,12,15 71.05 (6) (a) 10. (title) `Farm losses.'

SB803,33 Section 33. 71.05 (6) (a) 12. (title) of the statutes is created to read:

SB803,12,17 71.05 (6) (a) 12. (title) `Early withdrawal of savings penalty.'

SB803,34 Section 34. 71.05 (6) (a) 13. (title) of the statutes is created to read:

SB803,12,19 71.05 (6) (a) 13. (title) `Taxes of fiduciary.'

SB803,35 Section 35. 71.05 (6) (a) 14. (title) of the statutes is created to read:

SB803,13,1 71.05 (6) (a) 14. (title) `Accumulated earnings and profits.'

SB803,36 Section 36. 71.05 (6) (a) 15. (title) of the statutes is created to read:

SB803,13,3 71.05 (6) (a) 15. (title) `Credits of pass-through entities.'

SB803,37 Section 37 . 71.05 (6) (a) 16. (title) of the statutes is created to read:

SB803,13,5 71.05 (6) (a) 16. (title) `Marital property exchange.'

SB803,38 Section 38. 71.05 (6) (a) 17. of the statutes is repealed.

Note: This Section repeals, from the list of additions for individual income tax, the amount received for the farmland tax relief credit or farmland preservation credit, or both, that is not included in the federal adjusted gross income.

SB803,39 Section 39 . 71.05 (6) (a) 18. (title) of the statutes is created to read:

SB803,13,8 71.05 (6) (a) 18. (title) `Moving expense deduction.'

SB803,40 Section 40 . 71.05 (6) (a) 20. (title) of the statutes is created to read:

SB803,13,10 71.05 (6) (a) 20. (title) `Excess distribution.'

SB803,41 Section 41 . 71.05 (6) (a) 21. of the statutes is repealed.

Note: Sections 41 and 42 repeal statutes that are obsolete because they apply to taxable years that begin before January 1, 2009.

SB803,42 Section 42 . 71.05 (6) (a) 22. of the statutes is repealed.

SB803,43 Section 43 . 71.05 (6) (a) 23. (title) of the statutes is created to read:

SB803,13,14 71.05 (6) (a) 23. (title) `Unlawful discrimination claim deduction.'

SB803,44 Section 44. 71.05 (6) (a) 24. (title) of the statutes is created to read:

SB803,13,16 71.05 (6) (a) 24. (title) `Related entities.'

SB803,45 Section 45. 71.05 (6) (a) 25. (title) of the statutes is created to read:

SB803,13,18 71.05 (6) (a) 25. (title) `Manufacturing and agriculture credit.'

SB803,46 Section 46. 71.05 (6) (a) 26. (title) of the statutes is created to read:

SB803,13,20 71.05 (6) (a) 26. (title) `College savings account distributions.'

SB803,47 Section 47. 71.05 (6) (a) 27. (title) of the statutes is created to read:

SB803,13,22 71.05 (6) (a) 27. (title) `ABLE account distributions.'

SB803,48 Section 48. 71.05 (6) (a) 28. (title) of the statutes is created to read:

SB803,14,2 71.05 (6) (a) 28. (title) `ABLE account terminations.'

SB803,49 Section 49 . 71.05 (6) (a) 29. (title) of the statutes is created to read:

SB803,14,4 71.05 (6) (a) 29. (title) `Business moving expense deduction.'

SB803,50 Section 50 . 71.05 (6) (b) 1. (title) of the statutes is created to read:

SB803,14,6 71.05 (6) (b) 1. (title) `Tax-exempt interest.'

Note: Sections 50 to 61 , 66, 68 to 81, 84 , 88, 89 , 91, 92 , and 95 to 101 create titles for subdivisions relating to subtractions for individual income tax.

SB803,51 Section 51. 71.05 (6) (b) 2. (title) of the statutes is created to read:

SB803,14,8 71.05 (6) (b) 2. (title) `Nonallocated and nonapportioned income.'

SB803,52 Section 52. 71.05 (6) (b) 3. (title) of the statutes is created to read:

SB803,14,10 71.05 (6) (b) 3. (title) `Other nontaxable income.'

SB803,53 Section 53. 71.05 (6) (b) 3m. (title) of the statutes is created to read:

SB803,14,12 71.05 (6) (b) 3m. (title) `Manufacturing sales tax credit.'

SB803,54 Section 54. 71.05 (6) (b) 4. (title) of the statutes is created to read:

SB803,14,14 71.05 (6) (b) 4. (title) `Disability payments.'

SB803,55 Section 55. 71.05 (6) (b) 5. (title) of the statutes is created to read: