LRB-4101/1
JK:jld:jm
2011 - 2012 LEGISLATURE
February 16, 2012 - Introduced by Senators Schultz and Erpenbach, cosponsored
by Representatives Vos, Berceau, Endsley, C. Taylor, Thiesfeldt, Wynn,
Pocan and Nygren. Referred to Committee on Insurance and Housing.
SB484,1,2
1An Act to amend 70.11 (3m) (a) (intro.) of the statutes;
relating to: the property
2tax exemption for certain housing facilities.
Analysis by the Legislative Reference Bureau
Under current law, all real and personal property of a housing facility is exempt
from the property tax if all of the following apply:
1. The facility is owned by a nonprofit organization.
2. At least 90 percent of the facility's residents are students enrolled at the
University of Wisconsin-Madison and the facility houses no more than 300 such
students.
3. The facility offers support services and outreach programs to its residents,
the public or private institution of higher education at which the student residents
are enrolled, and the public.
Under this bill, the property tax exemption does not apply to housing facilities
owned by fraternities and sororities.
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:
SB484, s. 1
1Section
1. 70.11 (3m) (a) (intro.) of the statutes is amended to read:
SB484,2,52
70.11
(3m) (a) (intro.) All real and personal property of a housing facility
, not
3including a housing facility owned or used by a university fraternity or sorority,
4college fraternity or sorority, or high school fraternity or sorority, for which all of the
5following applies:
SB484,2,77
(1) This act first applies to the property tax assessments as of January 1, 2012.
