The bill requires the Department of Revenue to prescribe a form listing the documents enumerated in the bill. Under the bill, the form and documents are confidential records of an assessor's office and must remain under seal before the board of review and on appeal. Finally, the bill provides that documents provided under the bill are not controlling and specifies that the bill does not limit an assessor's authority to seek additional evidence regarding a property's value.

SB97,1 Section 1 . 70.325 of the statutes is created to read:

SB97,2,13 70.325 Requirement to provide information for commercial property assessments. (1) To determine the value of property classified under s. 70.32 (2) (a) 2. for which a person should be assessed, an assessor may request, no later than January 15 of the current assessment year, the person to submit evidence of the property's fair market value. An assessor shall make a request by providing the person with a form prescribed by the department of revenue that the person shall complete. The form prescribed by the department shall list documents that evidence a commercial property's fair market value and shall require the person to declare whether a document exists for the property to be assessed and, if so, to attach a copy to the form. The assessor may request any of the listed documents that were executed, prepared, or submitted within the current assessment year or the 3 years prior to the current assessment year. The documents listed on the form shall include:

SB97,2,14 (a) All of the following relating to the rental of the property:

SB97,2,15 1. Itemized operating statements.

SB97,2,16 2. Vacancy losses.

SB97,2,17 3. Rent rolls.

SB97,2,18 4. Leases.

SB97,3,1 5. Lease abstracts.

SB97,3,2 6. Federal tax form 8825.

SB97,3,3 (b) All of the following relating to a sale or potential sale of the property:

SB97,3,4 1. Purchase agreements.

SB97,3,5 2. Listing contracts.

SB97,3,6 3. Offers to purchase.

SB97,3,7 4. Counteroffers to purchase.

SB97,3,8 5. Condition reports.

SB97,3,9 6. Option to purchase.

SB97,3,10 7. Rights of first refusal.

SB97,3,11 8. Letters of intent.

SB97,3,13 (c) All of the following provided to a purchaser of the property no later than the sale's closing date:

SB97,3,14 1. Closing statements.

SB97,3,15 2. Rent rolls.

SB97,3,16 3. Leases.

SB97,3,17 4. Operating statements.

SB97,3,18 5. Stacking plans.

SB97,3,19 6. Title commitments.

SB97,3,20 7. Documentation of tenant delinquencies.

SB97,3,21 8. Service contracts.

SB97,3,22 9. Warranties.