February 13, 2024 - Introduced by Senators James and Spreitzer, cosponsored by Representatives Novak, Haywood, Allen, Baldeh, Bare, Emerson, Jacobson, Moore Omokunde, O’Connor, Sinicki and Subeck. Referred to Committee on Universities and Revenue.
SB1023,,22An Act to create 70.11 (38v) of the statutes; relating to: a property tax exemption for the Wisconsin Housing and Economic Development Authority headquarters. SB1023,,33Analysis by the Legislative Reference Bureau This bill exempts land and buildings owned by the Wisconsin Housing and Economic Development Authority and used as its corporate headquarters, including associated parking facilities, from the property tax.
Because this bill relates to an exemption from state or local taxes, it may be referred to the Joint Survey Committee on Tax Exemptions for a report to be printed as an appendix to the bill.
For further information see the state and local fiscal estimate, which will be printed as an appendix to this bill.
SB1023,,44The people of the state of Wisconsin, represented in senate and assembly, do enact as follows: SB1023,15Section 1. 70.11 (38v) of the statutes is created to read: SB1023,,6670.11 (38v) Wisconsin Housing and Economic Development Authority headquarters. Land and buildings on that land owned by the Wisconsin Housing and Economic Development Authority and used exclusively as either the corporate headquarters of the Wisconsin Housing and Economic Development Authority or the parking facilities associated with those headquarters. SB1023,27Section 2. Initial applicability. SB1023,,88(1) WHEDA headquarters. The treatment of s. 70.11 (38v) first applies to the property tax assessments as of January 1, 2024.
