SB1-SA1,2,9
9"
Section 1997m. 71.22 (1f) of the statutes is created to read:
SB1-SA1,2,1510
71.22
(1f) "Captive real estate investment trust" means a real estate
11investment trust of which more than 50 percent of the voting power or value of the
12beneficial interests or shares is owned or controlled, directly or indirectly, by a single
13entity that is subject to sections
301 to
385 of the Internal Revenue Code, that is not
14exempt under s. 71.26 (1), and that is not a real estate investment trust or a qualified
15real estate subsidiary under section
856 (i) of the Internal Revenue Code.".
SB1-SA1,3,6
6"
Section 2023e. 71.26 (3) e) 4. of the statutes is created to read:
SB1-SA1,3,97
71.26
(3) e) 4. So that rent payments made to a captive real estate investment
8trust may not be deducted by the entity that either directly or indirectly owns a 50
9percent by vote or value interest in the captive real estate investment trust.".
SB1-SA1,3,12
11"758.19
(5) (a) (intro.) In this subsection, "
circuit court costs" means one or more
12of the following costs".
SB1-SA1,3,16
16"
Section 3710n. 758.19 (5) (a) 3. of the statutes is amended to read:
SB1-SA1,3,1717
758.19
(5) (a) 3. Witness fees set under s. 814.67 (1) (b) 1. and (c) for".
SB1-SA1,3,19
19"
Section 3711n. 758.19 (5) (a) 4m. of the statutes is amended to read:
SB1-SA1,3,2020
758.19
(5) (a) 4m. Fees for expert witnesses appointed under s. 907.06 by the".
SB1-SA1,3,22
22"
Section 3712n. 758.19 (5) (a) 5. of the statutes is amended to read:
SB1-SA1,3,2323
758.19
(5) (a) 5. Fees for witnesses or expert witnesses subpoenaed by the".
SB1-SA1,4,3
3"
Section 3713n. 758.19 (5) (a) 8. of the statutes is amended to read:
SB1-SA1,4,44
758.19
(5) (a) 8. Any other
circuit court costs, except costs related to".
SB1-SA1,4,13
6"
(10k) Notwithstanding section 560.61 of the statutes, as affected by this act,
7the department of commerce shall award grants in the 2007-08 fiscal year from the
8appropriation account under section 20.143 (1) (c) of the statutes, as affected by this
9act, to municipalities that have experienced manufacturing devaluation property
10tax loss in the counties of Wood, Adams, and Portage. The total amount of all grants
11awarded under this subsection may not exceed $360,000. The department shall
12enter into an agreement with each municipality that specifies the uses for the grant
13proceeds and reporting auditing requirements.".