AB641,87 22Section 87. 71.17 (2) of the statutes is amended to read:
AB641,38,523 71.17 (2) Lien on trust estate; income taxes levied against beneficiary. All
24income taxes levied against the income of beneficiaries shall be a lien on that portion
25of the trust estate or interest therein from which the income taxed is derived, and

1such taxes shall be paid by the fiduciary, if not paid by the distributee, before the
2same become delinquent. Every person who, as a fiduciary under the provisions of
3this subchapter, pays an income tax shall have all the rights and remedies of
4reimbursement for any taxes assessed against him or her or paid by him or her in
5such capacity, as provided in s. 70.19 (1) and (2), 2019 stats.
AB641,88 6Section 88. 71.28 (5n) (a) 5. a. of the statutes is amended to read:
AB641,38,137 71.28 (5n) (a) 5. a. “Manufacturing property factor" means a fraction, the
8numerator of which is the average value of the claimant's real and personal land and
9depreciable
property assessed under s. 70.995, owned or rented and used in this state
10by the claimant during the taxable year to manufacture qualified production
11property, and the denominator of which is the average value of all the claimant's real
12and personal
land and depreciable property owned or rented during the taxable year
13and used by the claimant to manufacture qualified production property.
AB641,89 14Section 89. 71.28 (5n) (a) 5. d. of the statutes is repealed.
AB641,90 15Section 90. 71.28 (5n) (a) 9. (intro.) of the statutes is amended to read:
AB641,38,1716 71.28 (5n) (a) 9. (intro.) “Qualified production property" means either any of
17the following:
AB641,91 18Section 91. 71.28 (5n) (a) 9. a. of the statutes is amended to read:
AB641,38,2519 71.28 (5n) (a) 9. a. Tangible personal property manufactured in whole or in part
20by the claimant on property that is located in this state and assessed as
21manufacturing property under s. 70.995. Tangible personal property manufactured
22in this state may only be qualified production property if it is manufactured on
23property approved to be classified as manufacturing real property for purposes of s.
2470.995, even if it is not eligible to be listed on the department's manufacturing roll
25until January 1 of the following year.
AB641,92
1Section 92. 71.28 (5n) (a) 9. c. of the statutes is created to read:
AB641,39,112 71.28 (5n) (a) 9. c. Tangible personal property manufactured in whole or in part
3by the claimant with an establishment that is located in this state and classified as
4manufacturing under s. 70.995 (5n). A person wishing to classify the person's
5establishment as manufacturing under this subd. 9. c. shall file an application in the
6form and manner prescribed by the department no later than July 1 of the taxable
7year for which the person wishes to claim the credit under this subsection, pursuant
8to s. 70.995 (5n). The department shall make a determination and provide written
9notice by December 31 of the year in which the application is filed. A determination
10on the classification under this subd. 9. c. may be appealed as provided under s.
1170.995 (5n).
AB641,93 12Section 93. 71.28 (5n) (d) 2. of the statutes is amended to read:
AB641,39,2113 71.28 (5n) (d) 2. Except as provided in subd. 3., for purposes of determining a
14claimant's eligible qualified production activities income under this subsection, the
15claimant shall multiply the claimant's qualified production activities income from
16property manufactured by the claimant by the manufacturing property factor and
17qualified production activities income from property produced, grown, or extracted
18by the claimant by the agriculture property factor. This subdivision does not apply
19if the claimant's entire qualified production activities income results from the sale
20of tangible personal property that was manufactured, produced, grown, or extracted
21wholly in this state by the claimant.
AB641,94 22Section 94. 71.52 (7) of the statutes is amended to read:
AB641,41,2023 71.52 (7) “Property taxes accrued" means real or personal property taxes or
24monthly municipal permit fees under s. 66.0435 (3) (c), exclusive of special
25assessments, delinquent interest and charges for service, levied on a homestead

1owned by the claimant or a member of the claimant's household. “ Real or personal
2property taxes" means those levied under ch. 70, less the tax credit, if any, afforded
3in respect of such property by s. 79.10. If a homestead is owned by 2 or more persons
4or entities as joint tenants or tenants in common or is owned as marital property or
5survivorship marital property and one or more such persons, entities or owners is not
6a member of the claimant's household, property taxes accrued is that part of property
7taxes accrued levied on such homestead, reduced by the tax credit under s. 79.10,
8that reflects the ownership percentage of the claimant and the claimant's household,
9except that if a homestead is owned by 2 or more natural persons or if 2 or more
10natural persons have an interest in a homestead, one or more of whom is not a
11member of the claimant's household, and the claimant has a present interest, as that
12term is used in s. 700.03 (1), in the homestead and is required by the terms of a will
13that transferred the homestead or interest in the homestead to the claimant to pay
14the entire amount of property taxes levied on the homestead, property taxes accrued
15is property taxes accrued levied on such homestead, reduced by the tax credit under
16s. 79.10. A marital property agreement or unilateral statement under ch. 766 has
17no effect in computing property taxes accrued for a person whose homestead is not
18the same as the homestead of that person's spouse. For purposes of this subsection,
19property taxes are “levied" when the tax roll is delivered to the local treasurer for
20collection. If a homestead is sold or purchased during the calendar year of the levy,
21the property taxes accrued for the seller and the buyer are the amount of the tax levy
22prorated to each in proportion to the periods of time each both owned and occupied
23the homestead during the year to which the claim relates. The seller may use the
24closing agreement pertaining to the sale of the homestead, the property tax bill for
25the year before the year to which the claim relates or the property tax bill for the year

1to which the claim relates as the basis for computing property taxes accrued, but
2those taxes are allowable only for the portion of the year during which the seller
3owned and occupied the sold homestead. If a household owns and occupies 2 or more
4homesteads in the same calendar year, property taxes accrued is the sum of the
5prorated property taxes accrued attributable to the household for each of such
6homesteads. If the household owns and occupies the homestead for part of the
7calendar year and rents a homestead for part of the calendar year, it may include both
8the proration of taxes on the homestead owned and rent constituting property taxes
9accrued with respect to the months the homestead is rented in computing the amount
10of the claim under s. 71.54 (1). If a homestead is an integral part of a multipurpose
11or multidwelling building, property taxes accrued are the percentage of the property
12taxes accrued on that part of the multipurpose or multidwelling building occupied
13by the household as a principal residence plus that same percentage of the property
14taxes accrued on the land surrounding it, not exceeding one acre, that is reasonably
15necessary for use of the multipurpose or multidwelling building as a principal
16residence, except as the limitations of s. 71.54 (2) (b) apply. If the homestead is part
17of a farm, property taxes accrued are the property taxes accrued on up to 120 acres
18of the land contiguous to the claimant's principal residence and include the property
19taxes accrued on all improvements to real property located on such land, except as
20the limitations of s. 71.54 (2) (b) apply.
AB641,95 21Section 95. 73.01 (5) (a) of the statutes is amended to read:
AB641,43,622 73.01 (5) (a) Any person who is aggrieved by a determination of the state board
23of assessors under s. 70.995 (5n) or (8) or who has filed a petition for redetermination
24with the department of revenue and who is aggrieved by the redetermination of the
25department of revenue may, within 60 days of the determination of the state board

1of assessors or of the department of revenue or, in all other cases, within 60 days after
2the redetermination but not thereafter, file with the clerk of the commission a
3petition for review of the action of the department of revenue and the number of
4copies of the petition required by rule adopted by the commission. Any person who
5is aggrieved by a determination of the department of transportation under s. 341.405
6or 341.45 may, within 30 days after the determination of the department of
7transportation, file with the clerk of the commission a petition for review of the action
8of the department of transportation and the number of copies of the petition required
9by rule adopted by the commission. If a municipality appeals, its appeal shall set
10forth that the appeal has been authorized by an order or resolution of its governing
11body and the appeal shall be verified by a member of that governing body as
12pleadings in courts of record are verified. The clerk of the commission shall transmit
13one copy to the department of revenue, or to the department of transportation, and
14to each party. In the case of appeals from manufacturing property assessments, the
15person assessed shall be a party to a proceeding initiated by a municipality. At the
16time of filing the petition, the petitioner shall pay to the commission a $25 filing fee.
17The commission shall deposit the fee in the general fund. Within 30 days after such
18transmission the department of revenue, except for petitions objecting to
19manufacturing property assessments, or the department of transportation, shall file
20with the clerk of the commission an original and the number of copies of an answer
21to the petition required by rule adopted by the commission and shall serve one copy
22on the petitioner or the petitioner's attorney or agent. Within 30 days after service
23of the answer, the petitioner may file and serve a reply in the same manner as the
24petition is filed. Any person entitled to be heard by the commission under s. 76.38
25(12) (a), 1993 stats., or s. 76.39 (4) (c) or 76.48 may file a petition with the commission

1within the time and in the manner provided for the filing of petitions in income or
2franchise tax cases. Such papers may be served as a circuit court summons is served
3or by certified mail. For the purposes of this subsection, a petition for review is
4considered timely filed if mailed by certified mail in a properly addressed envelope,
5with postage duly prepaid, which envelope is postmarked before midnight of the last
6day for filing.
AB641,96 7Section 96. 73.06 (3) of the statutes is amended to read:
AB641,43,198 73.06 (3) The department of revenue, through its supervisors of equalization,
9shall examine and test the work of assessors during the progress of their assessments
10and ascertain whether any of them is assessing property at other than full value or
11is omitting property subject to taxation from the roll. The department and such
12supervisors shall have the rights and powers of a local assessor for the examination
13of persons and property and for the discovery of property subject to taxation. If any
14property has been omitted or not assessed according to law, they shall bring the same
15to the attention of the local assessor of the proper district and if such local assessor
16shall neglect or refuse to correct the assessment they shall report the fact to the board
17of review. All disputes between the department, municipalities, and property owners
18about the taxability or value of the property under s. 70.995 (12r) shall be resolved
19by using the procedures under s. 70.995 (8).
AB641,97 20Section 97. 76.02 (1) of the statutes is amended to read:
AB641,44,221 76.02 (1) “Air carrier company" means any person engaged in the business of
22transportation in aircraft of persons or property for hire on regularly scheduled
23flights, except an air carrier company whose property is exempt from taxation under
24s. 70.11 (42) (b) 76.074 (2). In this subsection, “aircraft" means a completely equipped

1operating unit, including spare flight equipment, used as a means of conveyance in
2air commerce.
AB641,98 3Section 98. 76.02 (4m) of the statutes is created to read:
AB641,44,84 76.02 (4m) “Inflation factor” means a percentage equal to the average annual
5percentage change in the U.S. consumer price index for all urban consumers, U.S.
6city average, as determined by the U.S. department of labor, for the 12 months
7ending on December 31 of the year before the year of assessment, except that the
8percentage under this subsection shall not be less than zero.
AB641,99 9Section 99. 76.025 (2) of the statutes is amended to read:
AB641,44,1310 76.025 (2) If the property of any company defined in s. 76.28 (1), except a
11qualified wholesale electric company as defined in s. 76.28 (1) (gm), is located entirely
12within a single town, village, or city, it shall be subject to local assessment and
13taxation under ch. 70, 2019 stats.
AB641,100 14Section 100. 76.025 (5) of the statutes is created to read:
AB641,44,1815 76.025 (5) Nothing in this chapter or ch. 70 shall be construed as providing an
16exemption for personal property for entities regulated under this chapter, except for
17the exemptions under ss. 70.11 (21), (39), and (39m), 70.112 (4) (b) and (5), and
1876.074, and for such motor vehicles as are exempt under s. 70.112 (5).
AB641,101 19Section 101. 76.03 (1) of the statutes is amended to read:
AB641,44,2320 76.03 (1) The property, both real and personal, including all rights, franchises
21and privileges used in and necessary to the prosecution of the business of any
22company enumerated in s. 76.02 shall be deemed personal property for the purposes
23of taxation, and
shall be valued and assessed together as a unit.