AB100-ASA1-AA2,3,138 79.10 (5m) Homeowner's tax credit. Each municipality shall receive, from the
9appropriation under s. 20.835 (3) (bm), an amount determined by multiplying the
10school tax rate by the estimated fair market value, determined under sub. (11), but
11not to exceed $60,000, of every principal dwelling that is located in the municipality
12and for which a claim for the credit under sub. (9) (bn) is made by the owner of the
13principal dwelling.
AB100-ASA1-AA2, s. 1710f 14Section 1710f. 79.10 (6m) (a) of the statutes is amended to read:
AB100-ASA1-AA2,4,315 79.10 (6m) (a) Except as provided in pars. (b) and (c), if the department of
16administration or the department of revenue determines by October 1 of the year of
17any distribution under subs. (4) and, (5), and (5m) that there was an overpayment
18or underpayment made in that year's distribution by the department of
19administration to municipalities, as determined under subs. (4) and, (5), and (5m),
20because of an error by the department of administration, the department of revenue,
21or any municipality, the overpayment or underpayment shall be corrected as
22provided in this paragraph. Any overpayment shall be corrected by reducing the
23subsequent year's distribution, as determined under subs. (4) and, (5), and (5m), by
24an amount equal to the amount of the overpayment. Any underpayment shall be
25corrected by increasing the subsequent year's distribution, as determined under

1subs. (4) and, (5), and (5m), by an amount equal to the amount of the underpayment.
2Corrections shall be made in the distributions to all municipalities affected by the
3error. Corrections shall be without interest.
AB100-ASA1-AA2, s. 1710g 4Section 1710g. 79.10 (7m) (c) of the statutes is created to read:
AB100-ASA1-AA2,4,85 79.10 (7m) (c) Homeowner's tax credit. 1. The amount determined under sub.
6(5m) with respect to claims filed for which the town, village, or city has furnished
7notice under sub. (1m) by March 1 shall be distributed from the appropriation under
8s. 20.835 (3) (bm) by the department of administration on the 4th Monday in March.
AB100-ASA1-AA2,4,159 2. The town, village, or city treasurer shall settle for the amounts distributed
10on the 4th Monday in March under this paragraph with each taxing jurisdiction
11within the taxation district or provide the amounts distributed to the appropriate
12county treasurer for settlement not later than April 15. Failure to settle timely under
13this subdivision subjects the town, village, or city treasurer to the penalties under
14s. 74.31. On or before August 20, the county treasurer shall settle with each taxing
15jurisdiction, including towns, villages, and cities except 1st class cities, in the county.
AB100-ASA1-AA2, s. 1710h 16Section 1710h. 79.10 (9) (bn) of the statutes is created to read:
AB100-ASA1-AA2,4,2117 79.10 (9) (bn) Homeowner's tax credit. Except as provided in ss. 79.175 and
1879.18, a homeowner's tax credit shall be allocated to every principal dwelling for
19which a credit is claimed under sub. (10) in an amount determined by multiplying
20the estimated fair market value of the principal dwelling, as determined under sub.
21(11), but not to exceed $60,000, by the school tax rate.
AB100-ASA1-AA2, s. 1710i 22Section 1710i. 79.10 (9) (c) 1. of the statutes is amended to read:
AB100-ASA1-AA2,5,223 79.10 (9) (c) 1. The lottery and gaming credit under par. (bm) and the
24homeowner's tax credit under par. (bn)
shall reduce the property taxes otherwise

1payable on property that is eligible for that credit and if the property owner
2completes the information required under sub. (10) (a) or (b).
AB100-ASA1-AA2, s. 1710j 3Section 1710j. 79.10 (10) (title) of the statutes is amended to read:
AB100-ASA1-AA2,5,54 79.10 (10) (title) Claiming the lottery and gaming credit and the
5homeowner's tax credit
.
AB100-ASA1-AA2, s. 1710k 6Section 1710k. 79.10 (10) (a) of the statutes is amended to read:
AB100-ASA1-AA2,5,217 79.10 (10) (a) Beginning with property taxes levied in 1999, the The owner of
8a principal dwelling may claim the credit credits under sub. (9) (bm) and (bn) by
9applying for the credit credits on a form prescribed by the department of revenue.
10A claimant shall attest that, as of the certification date, the claimant is an owner of
11property and that such property is used by the owner in the manner specified under
12sub. (1) (dm). The certification date is January 1 of the year in which the property
13taxes are levied. The claimant shall file the application for the lottery and gaming
14credit
credits with the treasurer of the county in which the property is located or, if
15the property is located in a city that collects taxes under s. 74.87, with the treasurer
16of the city in which the property is located. Subject to review by the department of
17revenue, a treasurer who receives a completed application shall direct that the
18property described in the application be identified on the next tax roll as property for
19which the owner is entitled to receive a lottery and gaming credit credits. A claim
20that is made under this paragraph is valid for as long as the property is eligible for
21the credit credits under sub. (9) (bm) and (bn).
AB100-ASA1-AA2, s. 1710L 22Section 1710L. 79.10 (10) (b) of the statutes is amended to read:
AB100-ASA1-AA2,6,423 79.10 (10) (b) A person who becomes eligible for a credit credits under sub. (9)
24(bm) and (bn) may claim the credit credits by filing an application, on a form
25prescribed by the department of revenue, with the treasurer of the county in which

1the property is located or, if the property is located in a city that collects taxes under
2s. 74.87, with the treasurer of the city in which the property is located. Claims made
3under this paragraph are valid for as long as the property is eligible for the credit
4credits under sub. (9) (bm) and (bn).
AB100-ASA1-AA2, s. 1710m 5Section 1710m. 79.10 (10) (bm) of the statutes is amended to read:
AB100-ASA1-AA2,6,176 79.10 (10) (bm) 1. A person who is eligible for a credit credits under sub. (9) (bm)
7and (bn) but whose property tax bill does not reflect the credit credits may claim the
8credit credits by applying to the treasurer of the taxation district in which the
9property is located for the credit credits under par. (a) by January 31 following the
10issuance of the person's property tax bill. The treasurer shall compute the amount
11of the credit credits; subtract the amount of the credit credits from the person's
12property tax bill; notify the person of the reduced amount of the property taxes due;
13issue a refund to the person if the person has paid the property taxes in full; and enter
14the person's property on the next tax roll as property that qualifies for a lottery and
15gaming credit and a homeowner's tax credit. Claims made under this subdivision
16are valid for as long as the property is eligible for the credit credits under sub. (9) (bm)
17and (bn).
AB100-ASA1-AA2,7,318 2. A person who may apply for a credit credits under subd. 1. but who does not
19timely apply for the credit credits under subd. 1. may apply to the department of
20revenue no later than October 1 following the issuance of the person's property tax
21bill. Subject to review by the department, the department shall compute the amount
22of the credit credits; issue a check to the person in the amount of the credit credits;
23and notify the treasurer of the county in which the person's property is located or the
24treasurer of the taxation district in which the person's property is located, if the
25taxation district collects taxes under s. 74.87. The treasurer shall enter the person's

1property on the next tax roll as property that qualifies for a lottery and gaming credit
2and a homeowner's tax credit. Claims made under this subdivision are valid for as
3long as the property is eligible for the credit credits under sub. (9) (bm) and (bn).
AB100-ASA1-AA2, s. 1710n 4Section 1710n. 79.10 (10) (bn) of the statutes is amended to read:
AB100-ASA1-AA2,7,145 79.10 (10) (bn) 1. If a person who owns and uses property as specified under
6sub. (1) (dm), as of the certification date under par. (a), transfers the property after
7the certification date, the transferee may apply to the treasurer of the county in
8which the property is located or, if the property is located in a city that collects taxes
9under s. 74.87, to the treasurer of the city in which the property is located for the
10credit credits under sub. (9) (bm) and (bn) on a form prescribed by the department
11of revenue. The transferee shall attest that, to the transferee's knowledge, the
12transferor used the property in the manner specified under sub. (1) (dm) as of the
13certification date under par. (a). A claim that is made under this subdivision is valid
14for as long as the property is eligible for the credit credits under sub. (9) (bm) and (bn).
AB100-ASA1-AA2,7,2215 2. A person who is eligible for a credit credits under subd. 1. but whose property
16tax bill does not reflect the credit credits may claim the credit credits by applying to
17the treasurer of the taxation district in which the property is located for the credit
18credits by January 31 following the issuance of the person's property tax bill. Claims
19made after January 31, but no later than October 1 following the issuance of the
20person's property tax bill, shall be made to the department of revenue. Paragraph
21(bm), as it applies to processing claims made under that paragraph, applies to
22processing claims made under this subdivision.
AB100-ASA1-AA2, s. 1710p 23Section 1710p. 79.10 (10) (c) of the statutes is amended to read:
AB100-ASA1-AA2,8,424 79.10 (10) (c) If a person who is certified under par. (a) to claim the credit credits
25under sub. (9) (bm) and (bn) becomes ineligible for the credit credits under sub. (9)

1(bm) and (bn), that person shall, within 30 days of becoming ineligible, notify the
2treasurer of the county in which the property is located or, if the property is located
3in a city that collects taxes under s. 74.87, the treasurer of the city in which the
4property is located.
AB100-ASA1-AA2, s. 1710q 5Section 1710q. 79.10 (10) (e) 2. of the statutes is amended to read:
AB100-ASA1-AA2,8,76 79.10 (10) (e) 2. The certification procedure includes a procedure that is similar
7in effect to the procedure described in par. pars. (bm) and (bn).
AB100-ASA1-AA2, s. 1710r 8Section 1710r. 79.10 (10) (f) of the statutes is amended to read:
AB100-ASA1-AA2,8,169 79.10 (10) (f) Each county and city that administers the credit credits under
10sub. (9) (bm) and (bn) shall implement a procedure to periodically verify the
11eligibility of properties for which a credit is claimed. In 2004, and every 5th year
12thereafter, each county and city that administers the credit credits under sub. (9)
13(bm) and (bn) shall file a report with the department of revenue, in the manner and
14at the time prescribed by the department of revenue, that describes the procedures
15that the county or city uses to verify the credits claimed under this subsection and
16evaluates the efficacy of such procedures.".
AB100-ASA1-AA2,8,17 176. Page 990, line 6: after that line insert:
AB100-ASA1-AA2,8,23 18"(1k) Homeowner's tax credit. An application for the lottery and gaming credit
19under section 79.10 (10), 2003 stats., shall be considered to be an application for the
20homeowner's tax credit under section 79.10 (10) of the statutes, as affected by this
21act, and any valid claim for the lottery and gaming credit under section 79.10 (10),
222003 stats., shall be considered to be a valid claim for the homeowner's tax credit
23under section 79.10 (10) of the statutes, as affected by this act.
AB100-ASA1-AA2,9,8
1(1mp) Report. Notwithstanding section 13.52 (5) and (6) of the statutes, the
2joint survey committee on tax exemptions shall prepare a report that, to provide
3funding for the homeowner's tax credit under section 79.10 (5) of the statutes, as
4affected by this act, recommends changes to the corporate income and franchise
5taxes imposed by this state, not including any increase in corporate income or
6franchise tax rates, and repealing certain sales and use tax exemptions that
7primarily affect corporations. The committee shall submit the report to the
8legislature no later than 60 days after the effective date of this subsection.".
AB100-ASA1-AA2,9,9 97. Page 1037, line 5: after that line insert:
AB100-ASA1-AA2,9,13 10"(6mp) Homeowner's tax credit. The treatment of sections 20.835 (3) (bm),
1174.09 (3) (b) 6., and 79.10 (1) (dm), (1m), (2), (5m), (6m) (a), (7m) (c), (9) (bn) and (c)
121., and (10) (title), (a), (b), (bm), (bn), (c), (e) 2., and (f) of the statutes first applies to
13property taxes levied in 2005.
AB100-ASA1-AA2,9,1514 (6np) School property income tax credit. The treatment of section 71.07 (9)
15(b) 5. of the statutes first applies to taxable years beginning on January 1, 2006.".
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