AB56,599,1614
70.32
(1d) (a)
To determine the value of property using generally accepted
15appraisal methods, the assessor shall consider all of the following as comparable to
16the property being assessed:
AB56,599,1917
1. Sales or rentals of properties exhibiting the same or a similar highest and
18best use, as defined in sub. (1), with placement in the same real estate market
19segment.
AB56,599,2420
2. Sales or rentals of properties that are similar to the property being assessed
21with regard to age, condition, use, type of construction, location, design, physical
22features, and economic characteristics, including similarities in occupancy and the
23potential to generate rental income. For purposes of this subdivision, such
24properties may be found locally, regionally, or nationally.
AB56,600,2
1(b) For purposes of par. (a), a property is not comparable if any of the following
2applies:
AB56,600,63
1. At or before the time of sale, the seller places any deed restriction on the
4property that changes the highest and best use, as defined in sub. (1), of the property,
5or prohibits competition, so that it no longer qualifies as a comparable property
6under par. (a) 1. or 2. and the property being assessed lacks such a restriction.
AB56,600,117
2. The property is dark property and the property being assessed is not dark
8property. In this subdivision, “dark property” means property that is vacant or
9unoccupied beyond the normal period for property in the same real estate market
10segment. For purposes of this subdivision, what is considered vacant or unoccupied
11beyond the normal period may vary depending on the property location.
AB56,600,1712
(c) For purposes of par. (a), “real estate market segment” means a pool of
13potential buyers and sellers that typically buy or sell properties similar to the
14property being assessed, including potential buyers who are investors or
15owner-occupants. For purposes of this paragraph, and depending on the type of
16property being assessed, the pool of potential buyers and sellers may be found locally,
17regionally, nationally, or internationally.
AB56,600,1918
(d) The department of revenue shall assist local assessors with implementing
19and applying this subsection.
AB56,832
20Section
832. 71.01 (1as) of the statutes is repealed.
AB56,833
21Section
833. 71.01 (6) (c) of the statutes is repealed.
AB56,834
22Section
834. 71.01 (6) (j) 3. m. of the statutes is created to read:
AB56,600,2423
71.01
(6) (j) 3. m. Sections 101 (m), (n), (o), (p), and (q) and 104 (a) of division
24U of P.L.
115-141.
AB56,835
25Section
835. 71.01 (6) (k) 3. of the statutes is amended to read:
AB56,601,4
171.01
(6) (k) 3. For purposes of this paragraph, “Internal Revenue Code" does
2not include amendments to the federal Internal Revenue Code enacted after
3December 31, 2016, except that “Internal Revenue Code” includes sections 11024,
411025, and 13543 of P.L.
115-97 and sections 40307 and 40413 of P.L. 115-123.
AB56,836
5Section
836. 71.01 (6) (L) 1. of the statutes is amended to read:
AB56,601,106
71.01
(6) (L) 1. For taxable years beginning after December 31, 2017,
and
7before January 1, 2019, for individuals and fiduciaries, except fiduciaries of nuclear
8decommissioning trust or reserve funds, “Internal Revenue Code" means the federal
9Internal Revenue Code as amended to December 31, 2017, except as provided in
10subds. 2. and 3. and s. 71.98 and subject to subd. 4.
AB56,837
11Section
837. 71.01 (6) (L) 4. of the statutes is amended to read:
AB56,601,1712
71.01
(6) (L) 4. For purposes of this paragraph, the provisions of federal public
13laws that directly or indirectly affect the Internal Revenue Code, as defined in this
14paragraph, apply for Wisconsin purposes at the same time as for federal purposes
,
15except that changes made by P.L. 115-63 and sections 11026, 11027, 11028, 13207,
1613306, 13307, 13308, 13311, 13312, 13501, 13705, 13821, and 13823 of P.L. 115-97
17first apply for taxable years beginning after December 31, 2017.
AB56,838
18Section
838. 71.01 (6) (m) of the statutes is created to read:
AB56,601,2319
71.01
(6) (m) 1. For taxable years beginning after December 31, 2018, for
20individuals and fiduciaries, except fiduciaries of nuclear decommissioning trust or
21reserve funds, “Internal Revenue Code" means the federal Internal Revenue Code
22as amended to December 31, 2018, except as provided in subds. 2. and 3. and s. 71.98
23and subject to subd. 4.
AB56,602,1924
2. For purposes of this paragraph, “Internal Revenue Code" does not include
25the following provisions of federal public laws for taxable years beginning after
1December 31, 2018: section 13113 of P.L.
103-66; sections 1, 3, 4, and 5 of P.L.
2106-519; sections 101, 102, and 422 of P.L.
108-357; sections 1310 and 1351 of P.L.
3109-58; section 11146 of P.L.
109-59; section 403 (q) of P.L.
109-135; section 513 of
4P.L.
109-222; sections 104 and 307 of P.L.
109-432; sections 8233 and 8235 of P.L.
5110-28; section 11 (e) and (g) of P.L.
110-172; section 301 of P.L.
110-245; section
615351 of P.L.
110-246; section 302 of division A, section 401 of division B, and sections
7312, 322, 502 (c), 707, and 801 of division C of P.L.
110-343; sections 1232, 1241, 1251,
81501, and 1502 of division B of P.L.
111-5; sections 211, 212, 213, 214, and 216 of P.L.
9111-226; sections 2011 and 2122 of P.L.
111-240; sections 753, 754, and 760 of P.L.
10111-312; section 1106 of P.L.
112-95; sections 104, 318, 322, 323, 324, 326, 327, and
11411 of P.L.
112-240; P.L.
114-7; section 1101 of P.L.
114-74; section 305 of division
12P of P.L.
114-113; sections 123, 125 to 128, 143, 144, 151 to 153, 165 to 167, 169 to
13171, 189, 191, 307, 326, and 411 of division Q of P.L.
114-113; sections 11011, 13201
14(a) to (e) and (g), 13801, 14101, 14102, 14103, 14201, 14202, 14211, 14212, 14213,
1514214, 14215, 14221, 14222, 14301, 14302, 14304, and 14401 of P.L.
115-97; sections
1640304, 40305, 40306, and 40412 of P.L.
115-123; section 101 (c) of division T of P.L.
17115-141; and sections 101 (d) and (e), 102, 201 to 207, 301, 302, and 401 (a) (47) and
18(195), (b) (13), (17), (22) and (30), and (d) (1) (D) (v), (vi), and (xiii) and (xvii) (II) of
19division U of P.L.
115-141.
AB56,602,2120
3. For purposes of this paragraph, “Internal Revenue Code" does not include
21amendments to the federal Internal Revenue Code enacted after December 31, 2018.
AB56,603,422
4. For purposes of this paragraph, the provisions of federal public laws that
23directly or indirectly affect the Internal Revenue Code, as defined in this paragraph,
24apply for Wisconsin purposes at the same time as for federal purposes, except that
25changes made by sections 11012, 13221, 13301, 13304 (a) and (b), 13531, and 13601
1of P.L.
115-97, 20101, 20102, 20104, 20201, 40201, 40202, 40203, 40308, 40309,
240311, 40414, 41101, 41107, 41115, and 41116 of PL.
115-123 and section 101 (a), (b),
3and (h) of division U of P.L.
115-141 apply for taxable years beginning after
4December 31, 2018.
AB56,839
5Section
839. 71.01 (7g) of the statutes is created to read:
AB56,603,76
71.01
(7g) For purposes of sub. (6) (b), 2013 stats., “
Internal Revenue Code”
7includes section 109 of division U of P.L.
115-141.
AB56,840
8Section 840
. 71.01 (8j) of the statutes is created to read:
AB56,603,119
71.01
(8j) For purposes of ss. 71.05 (6) (a) 30., 71.21 (7), 71.26 (3) (e) 4., 71.34
10(1k) (o), and 71.45 (2) (a) 20., “moving expenses” means expenses incurred to move
11the operation of a business, including all of the following:
AB56,603,1212
(a) Vehicle rentals.
AB56,603,1313
(b) Storage rentals.