AB1048,22,18 2470.84 Inequalities may be corrected in subsequent year. If any such
25reassessment cannot be completed in time to take the place of the original

1assessment made in such district for said year, the clerk of the district shall levy and
2apportion the taxes for that year upon the basis of the original assessment roll, and
3when the reassessment is completed the inequalities in the taxes levied under the
4original assessment shall be remedied and compensated in the levy and
5apportionment of taxes in such district next following the completion of said
6reassessment in the following manner: Each tract of real estate , and, as to personal
7property, each taxpayer, whose tax shall be determined by such reassessment to have
8been relatively too high,
shall be credited a sum equal to the amount of taxes charged
9on the original assessment in excess of the amount which would have been charged
10had such reassessment been made in time; and each tract of real estate , and, as to
11personal property, each taxpayer, whose tax shall be determined by such
12reassessment to have been relatively too low,
shall be charged, in addition to all other
13taxes, a sum equal to the difference between the amount of taxes charged upon such
14unequal original assessment and the amount which would have been charged had
15such reassessment been made in time. The department of revenue, or its authorized
16agent, shall at any time have access to all assessment and tax rolls herein referred
17to for the purpose of assisting the local clerk and in order that the results of the
18reassessment may be carried into effect.
AB1048,61 19Section 61. 70.855 (1) (intro.) of the statutes is amended to read:
AB1048,22,2220 70.855 (1) Applicability. (intro.) The department of revenue shall assess real
21and personal property assessed as commercial property under s. 70.32 (2) (a) 2. if all
22of the following apply:
AB1048,62 23Section 62. 70.855 (1) (a) of the statutes is amended to read:
AB1048,23,224 70.855 (1) (a) The property owner and the governing body of the municipality
25where the property is located submit a written request to the department on or before

1March 1 of the year of the assessment to have the department assess the property
2owner's real and personal commercial property located in the municipality.
AB1048,63 3Section 63. 70.855 (1) (b) of the statutes is amended to read:
AB1048,23,54 70.855 (1) (b) The written request submitted under par. (a) specifies the items
5of personal property and
parcels of real property for the department's assessment.
AB1048,64 6Section 64. 70.995 (1) (a) of the statutes is amended to read:
AB1048,23,217 70.995 (1) (a) In this section “manufacturing property" includes all lands,
8buildings, structures and other real property used in manufacturing, assembling,
9processing, fabricating, making, or milling tangible personal property for profit.
10Manufacturing property also includes warehouses, storage facilities , and office
11structures when the predominant use of the warehouses, storage facilities, or offices
12is in support of the manufacturing property, and all personal property owned or used
13by any person engaged in this state in any of the activities mentioned, and used in
14the activity, including raw materials, supplies, machinery, equipment, work in
15process and finished inventory when located at the site of the activity
.
16Establishments engaged in assembling component parts of manufactured products
17are considered manufacturing establishments if the new product is neither a
18structure nor other fixed improvement. Materials processed by a manufacturing
19establishment include products of agriculture, forestry, fishing, mining, and
20quarrying. For the purposes of this section, establishments which engage in mining
21metalliferous minerals are considered manufacturing establishments.
AB1048,65 22Section 65. 70.995 (1) (b) of the statutes is repealed.
AB1048,66 23Section 66. 70.995 (4) of the statutes is amended to read:
AB1048,24,1724 70.995 (4) Whenever real property or tangible personal property is used for
25one, or some combination, of the processes mentioned in sub. (3) and also for other

1purposes, the department of revenue, if satisfied that there is substantial use in one
2or some combination of such processes, may assess the property under this section.
3For all purposes of this section the department of revenue shall have sole discretion
4for the determination of what is substantial use and what description of real property
5or what unit of tangible personal property shall constitute “the property" to be
6included for assessment purposes, and, in connection herewith, the department may
7include in a real property unit, real property owned by different persons. Vacant
8property designed for use in manufacturing, assembling, processing, fabricating,
9making, or milling tangible property for profit may be assessed under this section or
10under s. 70.32 (1), and the period of vacancy may not be the sole ground for making
11that determination. In those specific instances where a portion of a description of
12real property includes manufacturing property rented or leased and operated by a
13separate person which does not satisfy the substantial use qualification for the entire
14property, the local assessor shall assess the entire real property description and all
15personal property not exempt under s. 70.11 (27). The applicable portions of the
16standard manufacturing property report form under sub. (12) as they relate to
17manufacturing machinery and equipment shall be submitted by such person
.
AB1048,67 18Section 67 . 70.995 (5n) of the statutes is created to read:
AB1048,25,219 70.995 (5n) (a) If the department of revenue determines that an establishment
20is engaged in manufacturing, as defined in subs. (1), (2), and (3), the department may
21classify the establishment as manufacturing. The establishment shall submit a
22written request on or before July 1 of the year for which classification is desired, as
23provided under s. 71.07 (5n) (a) 9. c. or 71.28 (5n) (a) 9. c. Any establishment
24classified as manufacturing prior to January 1, 2022, is presumed to engaged in
25manufacturing, as defined in subs. (1), (2), and (3), any the department shall classify

1such establishments as manufacturing regardless of whether the establishment
2submits a request as provided in this paragraph.
AB1048,25,83 (b) The department may at any time investigate or audit requests submitted
4under par. (a) and may revoke a classification. A revocation under this paragraph
5may not apply retroactively, but shall take effect on the first day of the
6establishment's taxable year following the year in which the department issues a
7revocation. An establishment that submits a request under par. (a) shall notify the
8department within 60 days of any termination of manufacturing activity.
AB1048,25,179 (c) On or before December 31 of the year in which a request is timely submitted
10under par. (a), the department shall issue a notice of determination responding to the
11timely request. The department may, in its sole discretion, issue a notice of
12determination by December 31 for requests received after July 1 of the year in which
13classification is desired. The notice shall be in writing and shall be sent by 1st class
14mail or electronic mail. In addition, the notice shall specify that objections to the
15decision shall be filed with the state board of assessors no later than 60 days after
16the date of the notice, that a fee of $200 shall be paid when the objection is filed, and
17that the objection is not filed until the fee is paid.
AB1048,25,2318 (d) For purposes of this subsection, an objection is considered timely filed if
19received by the state board of assessors no later than 60 days after the date of the
20notice or sent to the state board of assessors by U.S. postal service certified mail in
21a properly addressed envelope, with postage paid, that is postmarked before
22midnight of the last day for filing. Neither the board nor the tax appeals commission
23may waive the requirement that objections be in writing.
AB1048,26,224 (e) The state board of assessors shall investigate any timely objection filed
25under par. (d) if the fee specified under par. (c) is paid. The board shall notify the

1person objecting or the person's agent of its determination by 1st class mail or
2electronic mail.
AB1048,26,83 (f) If a determination of the state board of assessors under par. (e) results in an
4establishment not being classified as manufacturing, the person having been
5notified of the determination shall be deemed to have accepted the determination
6unless the person files a petition for review with the clerk of the tax appeals
7commission, as provided under s. 73.01 (5) and the rules of practice of the tax appeals
8commission.
AB1048,68 9Section 68. 70.995 (7) (b) of the statutes is amended to read:
AB1048,26,1310 70.995 (7) (b) Each 5 years, or more frequently if the department of revenue's
11workload permits and if in the department's judgment it is desirable, the department
12of revenue shall complete a field investigation or on-site appraisal at full value under
13ss. s. 70.32 (1) and 70.34 of all manufacturing property in this state.
AB1048,69 14Section 69. 70.995 (8) (b) 1. of the statutes is amended to read:
AB1048,27,815 70.995 (8) (b) 1. The department of revenue shall annually notify each
16manufacturer assessed under this section and the municipality in which the
17manufacturing property is located of the full value of all real and personal property
18owned by the manufacturer. The notice shall be in writing and shall be sent by 1st
19class mail or electronic mail. In addition, the notice shall specify that objections to
20valuation, amount, or taxability must be filed with the state board of assessors no
21later than 60 days after the date of the notice of assessment, that objections to a
22change from assessment under this section to assessment under s. 70.32 (1) must be
23filed no later than 60 days after the date of the notice, that the fee under par. (c) 1.
24or (d) must be paid and that the objection is not filed until the fee is paid. For
25purposes of this subdivision, an objection is considered timely filed if received by the

1state board of assessors no later than 60 days after the date of the notice or sent to
2the state board of assessors by certified mail in a properly addressed envelope, with
3postage paid, that is postmarked before midnight of the last day for filing. A
4statement shall be attached to the assessment roll indicating that the notices
5required by this section have been mailed and failure to receive the notice does not
6affect the validity of the assessments, the resulting tax on real or personal property,
7the procedures of the tax appeals commission or of the state board of assessors, or
8the enforcement of delinquent taxes by statutory means.
AB1048,70 9Section 70. 70.995 (12) (a) of the statutes is amended to read:
AB1048,28,610 70.995 (12) (a) The department of revenue shall prescribe a standard
11manufacturing property report form that shall be submitted annually for each real
12estate parcel and each personal property account on or before March 1 by all
13manufacturers whose property is assessed under this section. The report form shall
14contain all information considered necessary by the department and shall include,
15without limitation, income and operating statements, fixed asset schedules, and a
16report of new construction or demolition. Failure to submit the report shall result
17in denial of any right of redetermination by the state board of assessors or the tax
18appeals commission. If any property is omitted or understated in the assessment roll
19in any of the next 5 previous years, the assessor shall enter the value of the omitted
20or understated property once for each previous year of the omission or
21understatement. The assessor shall affix a just valuation to each entry for a former
22year as it should have been assessed according to the assessor's best judgment. Taxes
23shall be apportioned and collected on the tax roll for each entry, on the basis of the
24net tax rate for the year of the omission, taking into account credits under s. 79.10.
25In the case of omitted property, interest shall be added at the rate of 0.0267 percent

1per day for the period of time between the date when the form is required to be
2submitted and the date when the assessor affixes the just valuation. In the case of
3underpayments determined after an objection under s. 70.995 (8) (d), interest shall
4be added at the average annual discount interest rate determined by the last auction
5of 6-month U.S. treasury bills before the objection per day for the period of time
6between the date when the tax was due and the date when it is paid.
AB1048,71 7Section 71 . 70.995 (12r) of the statutes is repealed.
AB1048,72 8Section 72. 71.07 (5n) (a) 5. a. of the statutes is amended to read:
AB1048,28,159 71.07 (5n) (a) 5. a. “Manufacturing property factor" means a fraction, the
10numerator of which is the average value of the claimant's real and personal land and
11depreciable
property assessed under s. 70.995, owned or rented and used in this state
12by the claimant during the taxable year to manufacture qualified production
13property, and the denominator of which is the average value of all the claimant's real
14and personal
land and depreciable property owned or rented during the taxable year
15and used by the claimant to manufacture qualified production property.
AB1048,73 16Section 73 . 71.07 (5n) (a) 9. (intro.) of the statutes is amended to read: