LRB-3003/1
JK:kjf:rs
2003 - 2004 LEGISLATURE
October 27, 2003 - Introduced by Representatives Bies, F. Lasee, Hahn and
McCormick, cosponsored by Senator A. Lasee. Referred to Committee on
Ways and Means.
AB628,1,2
1An Act to create 70.11 (29p) of the statutes;
relating to: creating a property tax
2exemption for outdoor theaters.
Analysis by the Legislative Reference Bureau
Under current law, the property owned by a nonprofit organization that
operates a theater is exempt from the property tax, if the property includes one or
more buildings that are listed on the National Register of Historic Places and one or
more theaters that have a total seating capacity of at least 800 persons.
Under this bill, the property owned by a nonprofit organization that operates
an outdoor theater is exempt from the property tax, if the organization's federal
income tax-exempt status is confirmed by a determination letter issued by the
Internal Revenue Service no later than July 31, 1969 and the property includes one
or more outdoor theaters that have a total seating capacity of at least 400 persons.
This bill will be referred to the Joint Survey Committee on Tax Exemptions for
a detailed analysis, which will be printed as an appendix to this bill.
For further information see the state and local fiscal estimate, which will be
printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB628, s. 1
3Section
1. 70.11 (29p) of the statutes is created to read:
AB628,2,7
170.11
(29p) Nonprofit outdoor theaters. All the property owned or leased by
2an organization that is exempt from taxation under section
501 (c) (3) of the Internal
3Revenue Code, as confirmed by a determination letter issued by the Internal
4Revenue Service no later than July 31, 1969, if all of the property is used for the
5purposes for which the exemption was granted, the property includes one or more
6outdoor theaters for performing theater arts which have a total seating capacity of
7not less than 400 persons, and the organization operates the theater or theaters.
AB628,2,99
(1) This act first applies to the property tax assessments as of January 1, 2004.
