LRB-1645/P1
KP:skw
2023 - 2024 LEGISLATURE
DOA:......Quinn, BB0446 - Cranberry research station property tax exemption
For 2023-2025 Budget -- Not Ready For Introduction
An Act ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
taxation
Property taxation
Property tax exemption for cranberry research station
This bill exempts from the property tax all property, not exceeding 50 acres of land, owned or leased by a tax-exempt entity that is used primarily for research and educational activities associated with commercial cranberry production.
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:
Section
1. 70.11 (47) of the statutes is created to read:
70.11
(47) Cranberry research and educational station. All property, but not exceeding 50 acres of land, owned or leased by an entity that is exempt from taxation under section
501 (c) (3) of the Internal Revenue Code and that is used primarily for research and educational activities associated with commercial cranberry production.
Section 9337.
Initial applicability; Revenue.
(1) Cranberry research and education station. The treatment of s. 70.11 (47) first applies to the property tax assessments as of January 1, 2024.
(End)
