AB1048,34 24Section 34 . 70.21 (2) of the statutes is amended to read:
AB1048,14,4
170.21 (2) The For assessments made before January 1, 2022, the personal
2property of a limited liability partnership shall be assessed in the name of the
3partnership, and each partner shall be liable for the taxes levied thereon only to the
4extent permitted under s. 178.0306.
AB1048,35 5Section 35 . 70.22 (1) of the statutes is amended to read:
AB1048,14,176 70.22 (1) In For assessments made before January 1, 2022, in case one or more
7of 2 or more personal representatives or trustees of the estate of a decedent who died
8domiciled in this state are not residents of the state, the taxable personal property
9belonging to the estate shall be assessed to the personal representatives or trustees
10residing in this state. In case there are 2 or more personal representatives or trustees
11of the same estate residing in this state, but in different taxation districts, the
12assessment of the taxable personal property belonging to the estate shall be in the
13names of all of the personal representatives or trustees of the estate residing in this
14state. In case no personal representative or trustee resides in this state, the taxable
15personal property belonging to the estate may be assessed in the name of the
16personal representative or trustee, or in the names of all of the personal
17representatives or trustees if there are more than one, or in the name of the estate.
AB1048,36 18Section 36 . 70.22 (2) (a) of the statutes is amended to read:
AB1048,14,2319 70.22 (2) (a) The For taxes levied before January 1, 2022, the taxes imposed
20pursuant to an assessment under sub. (1) may be enforced as a claim against the
21estate, upon presentation of a claim for the taxes by the treasurer of the taxation
22district to the court in which the proceedings for the probate of the estate are
23pending. Upon due proof, the court shall allow and order the claim to be paid.
AB1048,37 24Section 37 . 70.29 of the statutes is amended to read:
AB1048,15,9
170.29 Personalty, how entered. The For assessments made before January
21, 2022, the
assessor shall place in one distinct and continuous part of the assessment
3roll all the names of persons assessed for personal property, with a statement of such
4property in each village in the assessor's assessment district, and foot up the
5valuation thereof separately; otherwise the assessor shall arrange all names of
6persons assessed for personal property on the roll alphabetically so far as convenient.
7The assessor shall also place upon the assessment roll, in a separate column and
8opposite the name of each person assessed for personal property, the number of the
9school district in which such personal property is subject to taxation.
AB1048,38 10Section 38 . 70.30 (intro.) of the statutes is amended to read:
AB1048,15,16 1170.30 Aggregate values. (intro.) Every For assessments made before
12January 1, 2022, every
assessor shall ascertain and set down in separate columns
13prepared for that purpose on the assessment roll and opposite to the names of all
14persons assessed for personal property the number and value of the following named
15items of personal property assessed to such person, which shall constitute the
16assessed valuation of the several items of property therein described, to wit:
AB1048,39 17Section 39 . 70.34 of the statutes is amended to read:
AB1048,16,4 1870.34 Personalty. All For assessments made before January 1, 2022, all
19articles of personal property shall, as far as practicable, be valued by the assessor
20upon actual view at their true cash value; and after arriving at the total valuation
21of all articles of personal property which the assessor shall be able to discover as
22belonging to any person, if the assessor has reason to believe that such person has
23other personal property or any other thing of value liable to taxation, the assessor
24shall add to such aggregate valuation of personal property an amount which, in the
25assessor's judgment, will render such aggregate valuation a just and equitable

1valuation of all the personal property liable to taxation belonging to such person. In
2carrying out the duties imposed on the assessor by this section, the assessor shall act
3in the manner specified in the Wisconsin property assessment manual provided
4under s. 73.03 (2a).
AB1048,40 5Section 40 . 70.345 of the statutes is amended to read:
AB1048,16,13 670.345 Legislative intent; department of revenue to supply
7information.
The For assessments made before January 1, 2022, the assessor shall
8exercise particular care so that personal property as a class on the assessment rolls
9bears the same relation to statutory value as real property as a class. To assist the
10assessor in determining the true relationship between real estate and personal
11property the department of revenue shall make available to local assessors
12information including figures indicating the relationship between personal property
13and real property on the last assessment rolls.
AB1048,41 14Section 41 . 70.35 (1) of the statutes is amended to read:
AB1048,16,2415 70.35 (1) To For assessments made before January 1, 2022, to determine the
16amount and value of any personal property for which any person, firm, or corporation
17should be assessed, any assessor may examine such person or the managing agent
18or officer of any firm or corporation under oath as to all such items of personal
19property, the taxable value thereof as defined in s. 70.34 if the property is taxable.
20In the alternative the assessor may require such person, firm, or corporation to
21submit a return of such personal property and of the taxable value thereof. There
22shall be annexed to such return the declaration of such person or of the managing
23agent or officer of such firm or corporation that the statements therein contained are
24true.
AB1048,42 25Section 42 . 70.35 (2) of the statutes is amended to read:
AB1048,17,11
170.35 (2) The For assessments made before January 1, 2022, the return shall
2be made and all the information therein requested given by such person on a form
3prescribed by the assessor with the approval of the department of revenue which
4shall provide suitable schedules for such information bearing on value as the
5department deems necessary to enable the assessor to determine the true cash value
6of the taxable personal property that is owned or in the possession of such person on
7January 1 as provided in s. 70.10. The return may contain methods of deriving
8assessable values from book values and for the conversion of book values to present
9values, and a statement as to the accounting method used. No person shall be
10required to take detailed physical inventory for the purpose of making the return
11required by this section.
AB1048,43 12Section 43 . 70.35 (3) of the statutes is amended to read:
AB1048,17,2013 70.35 (3) Each For assessments made before January 1, 2022, each return shall
14be filed with the assessor on or before March 1 of the year in which the assessment
15provided by s. 70.10 is made. The assessor, for good cause, may allow a reasonable
16extension of time for filing the return. All returns filed under this section shall be
17the confidential records of the assessor's office, except that the returns shall be
18available for use before the board of review as provided in this chapter. No return
19required under this section is controlling on the assessor in any respect in the
20assessment of any property.
AB1048,44 21Section 44 . 70.35 (4) of the statutes is amended to read:
AB1048,18,322 70.35 (4) Any For assessments made before January 1, 2022, any person, firm
23or corporation who refuses to so testify or who fails, neglects or refuses to make and
24file the return of personal property required by this section shall be denied any right
25of abatement by the board of review on account of the assessment of such personal

1property unless such person, firm, or corporation shall make such return to such
2board of review together with a statement of the reasons for the failure to make and
3file the return in the manner and form required by this section.
AB1048,45 4Section 45 . 70.35 (5) of the statutes is amended to read:
AB1048,18,85 70.35 (5) In For assessments made before January 1, 2022, in the event that
6the assessor or the board of review should desire further evidence they may call upon
7other persons as witnesses to give evidence under oath as to the items and value of
8the personal property of any such person, firm or corporation.
AB1048,46 9Section 46 . 70.36 (1) of the statutes is amended to read:
AB1048,18,1910 70.36 (1) Any For assessments made before January 1, 2022, any person in this
11state owning or holding any personal property that is subject to assessment,
12individually or as agent, trustee, guardian, personal representative, assignee, or
13receiver or in some other representative capacity, who intentionally makes a false
14statement to the assessor of that person's assessment district or to the board of
15review of the assessment district with respect to the property, or who omits any
16property from any return required to be made under s. 70.35, with the intent of
17avoiding the payment of the just and proportionate taxes on the property, shall forfeit
18the sum of $10 for every $100 or major fraction of $100 so withheld from the
19knowledge of the assessor or board of review.
AB1048,47 20Section 47 . 70.36 (2) of the statutes is amended to read:
AB1048,19,421 70.36 (2) It For assessments made before January 1, 2022, it is hereby made
22the duty of the district attorney of any county, upon complaint made to the district
23attorney by the assessor or by a member of the board of review of the assessment
24district in which it is alleged that property has been so withheld from the knowledge
25of such assessor or board of review, or not included in any return required by s. 70.35,

1to investigate the case forthwith and bring an action in the name of the state against
2the person, firm or corporation so complained of. All forfeitures collected under the
3provisions of this section shall be paid into the treasury of the taxation district in
4which such property had its situs for taxation.
AB1048,48 5Section 48. 70.44 (1) of the statutes is amended to read:
AB1048,19,146 70.44 (1) Real or personal property omitted from assessment in any of the 2
7next previous years, unless previously reassessed for the same year or years, shall
8be entered once additionally for each previous year of such omission, designating
9each such additional entry as omitted for the year of omission and affixing a just
10valuation to each entry for a former year as the same should then have been assessed
11according to the assessor's best judgment, and taxes shall be apportioned, using the
12net tax rate as provided in s. 70.43, and collected on the tax roll for such entry. This
13section shall not apply to manufacturing property assessed by the department of
14revenue under s. 70.995.
AB1048,49 15Section 49 . 70.47 (15) of the statutes is repealed.
AB1048,50 16Section 50. 70.49 (2) of the statutes is amended to read:
AB1048,19,2117 70.49 (2) The value of all real and personal property entered into the
18assessment roll to which such affidavit is attached by the assessor shall, in all actions
19and proceedings involving such values, be presumptive evidence that all such
20properties have been justly and equitably assessed in proper relationship to each
21other.
AB1048,51 22Section 51. 70.52 of the statutes is amended to read:
AB1048,20,9 2370.52 Clerks to examine and correct rolls. Each city, village, and town
24clerk upon receipt of the assessment roll shall carefully examine the roll. The clerk
25shall correct all double assessments, imperfect descriptions, and other errors

1apparent on the roll, and correct the value of parcels of real property not liable to
2taxation. The clerk shall add to the roll any parcel of real property not listed on the
3assessment roll or item of personal property omitted from the roll and immediately
4notify the assessors of the additions and omissions. The assessors shall immediately
5view and value the omitted property and certify the valuation to the clerk
. The clerk
6shall enter the valuation and property classification on the roll, and the valuation
7shall be final. To enable the clerk to properly correct defective descriptions, the clerk
8may request aid, when necessary, from the county surveyor, whose fees for the
9services rendered shall be paid by the city, village, or town.
AB1048,52 10Section 52. 70.53 (1) (a) of the statutes is repealed.
AB1048,53 11Section 53. 70.65 (2) (a) (intro.) and 1. of the statutes are consolidated,
12renumbered 70.65 (2) (a) and amended to read:
AB1048,20,1513 70.65 (2) (a) As shown on the assessment roll: 1. Identify, identify all the real
14property within the taxation district and, with respect to each description of real
15property, the name and address of the owner and the assessed value.
AB1048,54 16Section 54. 70.65 (2) (a) 2. of the statutes is repealed.
AB1048,55 17Section 55. 70.65 (2) (b) (intro.) of the statutes is amended to read:
AB1048,20,1918 70.65 (2) (b) (intro.) With respect to each description of real property and each
19owner of taxable personal property
:
AB1048,56 20Section 56 . 70.68 (1) of the statutes is amended to read:
AB1048,21,221 70.68 (1) Collection in certain cities. In For taxes levied before January 1,
222022, in
cities authorized to act under s. 74.87, the chief of police shall collect all state,
23county, city, school, and other taxes due on personal property as shall then remain
24unpaid, and the chief of police shall possess all the powers given by law to town
25treasurers for the collection of such taxes, and be subject to the liabilities and entitled

1to the same fees as town treasurers in such cases, but such fees shall be turned over
2to the city treasurer and become a part of the general fund.
AB1048,57 3Section 57. 70.73 (1) (b) of the statutes is amended to read:
AB1048,21,94 70.73 (1) (b) If a town, village or city clerk or treasurer discovers that personal
5property has been assessed to the wrong person, or
2 or more parcels of land
6belonging to different persons have been erroneously assessed together on the tax
7roll, the clerk or treasurer shall notify the assessor and all parties interested, if the
8parties are residents of the county, by notice in writing to appear at the clerk's office
9at some time, not less than 5 days thereafter, to correct the assessment roll.
AB1048,58 10Section 58. 70.73 (1) (c) of the statutes is amended to read:
AB1048,21,1611 70.73 (1) (c) At the time and place designated in the notice given under par. (b),
12the assessment roll shall be corrected by entering the correct names of the persons
13liable to assessment, both as to real and personal property, describing each parcel of
14land and giving the proper valuation to each parcel separately owned. The total
15valuation given to the separate tracts of real estate shall be equal to the valuation
16given to the same property when the several parcels were assessed together.
AB1048,59 17Section 59. 70.73 (1) (d) of the statutes is amended to read:
AB1048,21,2218 70.73 (1) (d) The valuation of parcels of land or correction of names of persons
19whose personal property is assessed under this subsection
may be made at any time
20before the tax roll is returned to the county treasurer for the year in which the tax
21is levied. The valuation or correction of names, when made under this subsection,
22shall be held just and correct and be final and conclusive.
AB1048,60 23Section 60. 70.84 of the statutes is amended to read:
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:
AB1048,28,1817 71.07 (5n) (a) 9. (intro.) “Qualified production property" means either any of
18the following:
AB1048,74 19Section 74 . 71.07 (5n) (a) 9. a. of the statutes is amended to read:
AB1048,29,220 71.07 (5n) (a) 9. a. Tangible personal property manufactured in whole or in part
21by the claimant on property that is located in this state and assessed as
22manufacturing property under s. 70.995. Tangible personal property manufactured
23in this state may only be qualified production property if it is manufactured on
24property approved to be classified as manufacturing real property for purposes of s.

170.995, even if it is not eligible to be listed on the department's manufacturing roll
2until January 1 of the following year.
AB1048,75 3Section 75 . 71.07 (5n) (a) 9. c. of the statutes is created to read:
AB1048,29,134 71.07 (5n) (a) 9. c. Tangible personal property manufactured in whole or in part
5by the claimant at an establishment that is located in this state and classified as
6manufacturing under s. 70.995 (5n). A person wishing to classify the person's
7establishment as manufacturing under this subd. 9. c. shall file an application in the
8form and manner prescribed by the department no later than July 1 of the taxable
9year for which the person wishes to claim the credit under this subsection, pursuant
10to s. 70.995 (5n). The department shall make a determination and provide written
11notice by December 31 of the year in which the application is filed. A determination
12on the classification under this subd. 9. c. may be appealed as provided under s.
1370.995 (5n).
AB1048,76 14Section 76 . 71.07 (5n) (d) 2. of the statutes is amended to read:
AB1048,29,2315 71.07 (5n) (d) 2. For purposes of determining a claimant's eligible qualified
16production activities income under this subsection, the claimant shall multiply the
17claimant's qualified production activities income from property manufactured by the
18claimant by the manufacturing property factor and qualified production activities
19income from property produced, grown, or extracted by the claimant by the
20agriculture property factor. This subdivision does not apply if the claimant's entire
21qualified production activities income results from the sale of tangible personal
22property that was manufactured, produced, grown, or extracted wholly in this state
23by the claimant.
AB1048,77 24Section 77 . 71.07 (6e) (a) 5. of the statutes is amended to read:
AB1048,30,17
171.07 (6e) (a) 5. “Property taxes" means real and personal property taxes,
2exclusive of special assessments, delinquent interest, and charges for service, paid
3by a claimant, and the claimant's spouse if filing a joint return, on the eligible
4veteran's or unremarried surviving spouse's principal dwelling in this state during
5the taxable year for which credit under this subsection is claimed, less any property
6taxes paid which are properly includable as a trade or business expense under
7section 162 of the Internal Revenue Code. If the principal dwelling on which the
8taxes were paid is owned by 2 or more persons or entities as joint tenants or tenants
9in common or is owned by spouses as marital property, “property taxes" is that part
10of property taxes paid that reflects the ownership percentage of the claimant, except
11that this limitation does not apply to spouses who file a joint return. If the principal
12dwelling is sold during the taxable year, the “property taxes" for the seller and buyer
13shall be the amount of the tax prorated to each in the closing agreement pertaining
14to the sale or, if not so provided for in the closing agreement, the tax shall be prorated
15between the seller and buyer in proportion to months of their respective ownership.
16“Property taxes" includes monthly municipal permit fees in respect to a principal
17dwelling collected under s. 66.0435 (3) (c).
AB1048,78 18Section 78. 71.07 (9) (a) 3. of the statutes is amended to read:
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