AB756,13,72 79.10 (9) (bm) Lottery and gaming Homeowner's tax credit. Except as provided
3in ss. 79.175 and 79.18, a lottery and gaming homeowner's tax credit shall be
4allocated to every principal dwelling for which a credit is claimed under sub. (10) in
5an amount determined by multiplying the estimated fair market value of the
6principal dwelling, not exceeding the value as determined under sub. (11), but not
7to exceed $60,000
, by the school tax rate.
AB756, s. 36 8Section 36. 79.10 (9) (c) 1. of the statutes is renumbered 79.10 (9) (c) and
9amended to read:
AB756,13,1310 79.10 (9) (c) The lottery and gaming homeowner's tax credit under par. (bm)
11shall reduce the property taxes otherwise payable on property that is eligible for that
12credit and if the property owner completes the information required under sub. (10)
13(a) or (b).
AB756, s. 37 14Section 37. 79.10 (9) (c) 2. of the statutes is repealed.
AB756, s. 38 15Section 38. 79.10 (10) (title) of the statutes is amended to read:
AB756,13,1616 79.10 (10) (title) Claiming the lottery and gaming homeowner's tax credit.
AB756, s. 39 17Section 39. 79.10 (10) (a) of the statutes, as affected by 2003 Wisconsin Act 33,
18is amended to read:
AB756,14,819 79.10 (10) (a) Beginning with property taxes levied in 1999 2004, the owner of
20a principal dwelling may claim the credit under sub. (9) (bm) by applying for the
21credit on a form prescribed by the department of revenue. A claimant shall attest
22that, as of the certification date, the claimant is an owner of property and that such
23property is used by the owner in the manner specified under sub. (1) (dm). The
24certification date is January 1 of the year in which the property taxes are levied. The
25claimant shall file the application for the lottery and gaming homeowner's tax credit

1with the treasurer of the county in which the property is located or, if the property
2is located in a city that collects taxes under s. 74.87, with the treasurer of the city in
3which the property is located. Subject to review by the department of revenue, a
4treasurer who receives a completed application shall direct that the property
5described in the application be identified on the next tax roll as property for which
6the owner is entitled to receive a lottery and gaming homeowner's tax credit. A claim
7that is made under this paragraph is valid for as long as the property is eligible for
8the credit under sub. (9) (bm).
AB756, s. 40 9Section 40. 79.10 (10) (bm) 1. of the statutes, as affected by 2003 Wisconsin
10Act 33
, is amended to read:
AB756,14,2111 79.10 (10) (bm) 1. A person who is eligible for a credit under sub. (9) (bm) but
12whose property tax bill does not reflect the credit may claim the credit by applying
13to the treasurer of the taxation district in which the property is located for the credit
14under par. (a) by January 31 following the issuance of the person's property tax bill.
15The treasurer shall compute the amount of the credit; subtract the amount of the
16credit from the person's property tax bill; notify the person of the reduced amount of
17the property taxes due; issue a refund to the person if the person has paid the
18property taxes in full; and enter the person's property on the next tax roll as property
19that qualifies for a lottery and gaming homeowner's tax credit. Claims made under
20this subdivision are valid for as long as the property is eligible for the credit under
21sub. (9) (bm).
AB756, s. 41 22Section 41. 79.10 (10) (bm) 2. of the statutes, as affected by 2003 Wisconsin
23Act 33
, is amended to read:
AB756,15,924 79.10 (10) (bm) 2. A person who may apply for a credit under subd. 1. but who
25does not timely apply for the credit under subd. 1. may apply to the department of

1revenue no later than October 1 following the issuance of the person's property tax
2bill. Subject to review by the department, the department shall compute the amount
3of the credit; issue a check to the person in the amount of the credit; and notify the
4treasurer of the county in which the person's property is located or the treasurer of
5the taxation district in which the person's property is located, if the taxation district
6collects taxes under s. 74.87. The treasurer shall enter the person's property on the
7next tax roll as property that qualifies for a lottery and gaming homeowner's tax
8credit. Claims made under this subdivision are valid for as long as the property is
9eligible for the credit under sub. (9) (bm).
AB756, s. 42 10Section 42. 79.10 (11) (title) of the statutes is amended to read:
AB756,15,1211 79.10 (11) (title) Lottery and gaming Homeowner's tax credit estimated fair
12market value.
AB756, s. 43 13Section 43. 79.10 (11) (b) of the statutes, as affected by 2003 Wisconsin Act 33,
14is amended to read:
AB756,16,315 79.10 (11) (b) Before October 16, the department of administration shall
16determine the total funds available for distribution under the lottery and gaming
17homeowner's tax credit in the following year and shall inform the joint committee on
18finance of that total. Total funds available for distribution shall be $469,305,000
19from s. 20.835 (3) (bm) plus
all moneys projected to be transferred to the lottery fund
20under ss. 20.455 (2) (g) and 20.505 (8) (am), (g) and (jm) and all existing and projected
21lottery proceeds and interest for the fiscal year of the distribution, less the amount
22estimated to be expended under ss. 20.455 (2) (r), 20.566 (2) (r), and 20.835 (2) (q) and
23less the required reserve under s. 20.003 (5). The joint committee on finance may
24revise the total amount to be distributed if it does so at a meeting that takes place
25before November 1. If the joint committee on finance does not schedule a meeting

1to take place before November 1, the total determined by the department of
2administration shall be the total amount estimated to be distributed under the
3lottery and gaming homeowner's tax credit in the following year.
AB756, s. 44 4Section 44. 79.10 (11) (c) of the statutes is amended to read:
AB756,16,115 79.10 (11) (c) Before November 1, the department of administration shall
6inform the department of revenue of the total amount available for distribution
7under the lottery and gaming homeowner's tax credit in the following year. Before
8December 1, the department of revenue shall calculate, to the nearest $100, the
9estimated fair market value necessary to distribute the total amount available for
10distribution under the lottery and gaming homeowner's tax credit in the following
11year.
AB756, s. 45 12Section 45. 79.11 (3) (b) of the statutes is amended to read:
AB756,16,1613 79.11 (3) (b) Notwithstanding ss. 74.11 (2) (b) and 74.12 (2) (b), the lottery and
14gaming
homeowner's tax credit shall be deducted in its entirety from the first
15installment. This paragraph does not apply to the payment of taxes in installments
16under s. 74.87.
AB756, s. 46 17Section 46. 79.14 of the statutes is repealed.
AB756, s. 47 18Section 47. 565.02 (7) of the statutes is amended to read:
AB756,17,1019 565.02 (7) Not later than March 1 of each year, the department shall submit
20to the joint committee on finance a report that includes an estimate for that fiscal
21year and for the subsequent fiscal year of the gross revenues from the sale of lottery
22tickets and lottery shares, the total amount paid as prizes and the prize payout ratio
23for each type of lottery game offered, and an evaluation of the effect of prize payout
24ratios of lottery games on lottery sales, lottery operating costs and on maximizing the
25revenue available for the lottery and gaming property homeowner's tax credit. If,

1within 14 working days after the date on which the committee receives the report,
2the cochairpersons of the committee notify the department that the committee has
3scheduled a meeting for the purpose of reviewing the department's proposed prize
4payouts, the department may proceed with its plans for the prize payouts for the
5subsequent fiscal year only upon approval of the plans by the committee. If the
6cochairpersons of the committee do not notify the department within 14 working
7days after the date on which the committee receives the report that the committee
8has scheduled a meeting for the purpose of reviewing the department's proposed
9prize payouts, the department's plans for the prize payouts for the subsequent fiscal
10year are considered approved by the committee.
AB756, s. 48 11Section 48. Nonstatutory provisions.
AB756,17,1812 (1) Homeowner's tax credit. An application for the lottery and gaming credit
13under section 79.10 (10) of the statutes, 2001 stats., shall be considered to be an
14application for the homeowner's tax credit under section 79.10 (10) of the statutes,
15as affected by this act, and any valid claim for the lottery and gaming credit under
16section 79.10 (10) of the statutes, 2001 stats., shall be considered to be a valid claim
17for the homeowner's tax credit under section 79.10 (10) of the statutes, as affected
18by this act.
AB756, s. 49 19Section 49. Initial applicability.
AB756,17,2420 (1) Homeowner's tax credit. The treatment of sections 20.566 (2) (am) and (r),
2120.835 (3) (b), (bm), (q), and (s), 74.09 (3) (b) 3., 79.10 (1) (b) and (e), (1m) (b), (2), (4),
22(5), (6m) (a), (7m) (a) and (b) (title) and 1., (9) (b), (bm), and (c) 1. and 2., (10) (title)
23and (a), (bm) 1. and 2., and (11) (title), (b), and (c), 79.11 (3) (b), 79.14, and 565.02 (7)
24of the statutes first applies to property taxes levied in 2004.
AB756,18,2
1(2) Computers. The treatment of sections 70.11 (39) of the statutes first applies
2to the property tax assessments as of January 1, 2004.
AB756,18,43 (3) School property income tax credit. The treatment of section 71.07 (9) (b)
45. of the statutes first applies to taxable years beginning on January 1,, 2004.
AB756,18,85 (4) Related entities. The treatment of sections 71.01 (5p) and (9b), 71.05 (6)
6(a) 21., 71.22 (3m) and (9b), 71.26 (2) (a) (intro.) and 6., 71.34 (1) (j), 71.42 (1p) and
7(4m), 71.45 (2) (a) 16., 71.738 (3m), and 71.80 (23) of the statutes first applies to
8taxable years beginning on January 1, 2004.
AB756, s. 50 9Section 50. Effective date.
AB756,18,1110 (1) Luxury boxes. The treatment of sections 77.52 (2) (a) 13. of the statutes
11takes effect on the first day of the 2nd month beginning after publication.
AB756,18,1212 (End)
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