LRB-1945/1
JK&MES:kjf:rs
2011 - 2012 LEGISLATURE
May 5, 2011 - Introduced by Representatives Ziegelbauer, Spanbauer and
LeMahieu, cosponsored by Senators Leibham and Schultz. Referred to
Committee on Jobs, Economy and Small Business.
AB115,1,2 1An Act to create 70.11 (12) (c) of the statutes; relating to: a property tax
2exemption for a nonprofit resale store.
Analysis by the Legislative Reference Bureau
Under current law, the property of certain charitable organizations is exempt
from property taxes, including property owned by the Salvation Army, Goodwill
Industries, the Boy Scouts of America, and the Young Men's Christian Association.
Under this bill, the property of a resale store that is owned by a nonprofit
organization is exempt from property taxes.
Because this bill relates to an exemption from state or local taxes, it may be
referred to the Joint Survey Committee on Tax Exemptions for a report to be printed
as an appendix to the 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:
AB115, s. 1 3Section 1. 70.11 (12) (c) of the statutes is created to read:
AB115,1,54 70.11 (12) (c) All property of a resale store that is owned by a nonprofit
5organization.
AB115, s. 2
1Section 2. Initial applicability.
AB115,2,22 (1) This act first applies to the property tax assessments as of January 1, 2011.
AB115,2,33 (End)
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