AB245-engrossed,103 5Section 103 . 70.345 of the statutes is amended to read:
AB245-engrossed,68,13 670.345 Legislative intent; department of revenue to supply
7information.
The For assessments made before January 1, 2024, 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.
AB245-engrossed,104 14Section 104 . 70.35 (1) of the statutes is amended to read:
AB245-engrossed,68,2415 70.35 (1) To For assessments made before January 1, 2024, 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.
AB245-engrossed,105 25Section 105 . 70.35 (2) of the statutes is amended to read:
AB245-engrossed,69,11
170.35 (2) The For assessments made before January 1, 2024, 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.
AB245-engrossed,106 12Section 106 . 70.35 (3) of the statutes is amended to read:
AB245-engrossed,69,2013 70.35 (3) Each For assessments made before January 1, 2024, 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.
AB245-engrossed,107 21Section 107 . 70.35 (4) of the statutes is amended to read:
AB245-engrossed,70,322 70.35 (4) Any For assessments made before January 1, 2024, 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.
AB245-engrossed,108 4Section 108 . 70.35 (5) of the statutes is amended to read:
AB245-engrossed,70,85 70.35 (5) In For assessments made before January 1, 2024, 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.
AB245-engrossed,109 9Section 109 . 70.36 (1) of the statutes is amended to read:
AB245-engrossed,70,1910 70.36 (1) Any For assessments made before January 1, 2024, 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.
AB245-engrossed,110 20Section 110 . 70.36 (2) of the statutes is amended to read:
AB245-engrossed,71,421 70.36 (2) It For assessments made before January 1, 2024, 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.
AB245-engrossed,111 5Section 111 . 70.43 (2) of the statutes is amended to read:
AB245-engrossed,71,126 70.43 (2) If the assessor discovers a palpable error in the assessment of a tract
7of real estate or an item of personal property, for personal property assessments
8made before January 1, 2024,
that results in the tract or property having an
9inaccurate assessment for the preceding year, the assessor shall correct that error
10by adding to or subtracting from the assessment for the preceding year. The result
11shall be the true assessed value of the property for the preceding year. The assessor
12shall make a marginal note of the correction on that year's assessment roll.
AB245-engrossed,112 13Section 112 . 70.44 (1) of the statutes is amended to read:
AB245-engrossed,71,2314 70.44 (1) Real or personal property omitted from assessment in any of the 2
15next previous years or personal property assessments made before January 1, 2024,
16and omitted from any of the 2 next previous years
, unless previously reassessed for
17the same year or years, shall be entered once additionally for each previous year of
18such omission, designating each such additional entry as omitted for the year of
19omission and affixing a just valuation to each entry for a former year as the same
20should then have been assessed according to the assessor's best judgment, and taxes
21shall be apportioned, using the net tax rate as provided in s. 70.43, and collected on
22the tax roll for such entry. This section shall not apply to manufacturing property
23assessed by the department of revenue under s. 70.995.
AB245-engrossed,113 24Section 113 . 70.47 (7) (aa) of the statutes is amended to read:
AB245-engrossed,72,5
170.47 (7) (aa) No person shall be allowed to appear before the board of review,
2to testify to the board by telephone or to contest the amount of any assessment of real
3or personal property
if the person has refused a reasonable written request by
4certified mail of the assessor to enter onto property to conduct an exterior view of the
5real or personal property being assessed.
AB245-engrossed,114 6Section 114 . 70.47 (15) of the statutes is repealed.
AB245-engrossed,115 7Section 115 . 70.49 (2) of the statutes is amended to read:
AB245-engrossed,72,128 70.49 (2) The value of all real and personal property entered into the
9assessment roll to which such affidavit is attached by the assessor shall, in all actions
10and proceedings involving such values, be presumptive evidence that all such
11properties have been justly and equitably assessed in proper relationship to each
12other.
AB245-engrossed,116 13Section 116 . 70.50 of the statutes is amended to read:
AB245-engrossed,72,22 1470.50 Delivery of roll. Except in counties that have a county assessment
15system under s. 70.99 and in cities of the 1st class and in 2nd class cities that have
16a board of assessors under s. 70.075 the assessor shall, on or before the first Monday
17in May, deliver the completed assessment roll and all the sworn statements and
18valuations of personal property
to the clerk of the town, city , or village, who shall file
19and preserve them in the clerk's office. On or before the first Monday in April, a
20county assessor under s. 70.99 shall deliver the completed assessment roll and all
21sworn statements and valuations of personal property to the clerks of the towns,
22cities, and villages in the county, who shall file and preserve them in the clerk's office.
AB245-engrossed,117 23Section 117 . 70.52 of the statutes is amended to read:
AB245-engrossed,73,10 2470.52 Clerks to examine and correct rolls. Each city, village, and town
25clerk upon receipt of the assessment roll shall carefully examine the roll. The clerk

1shall correct all double assessments, imperfect descriptions, and other errors
2apparent on the roll, and correct the value of parcels of real property not liable to
3taxation. The clerk shall add to the roll any parcel of real property not listed on the
4assessment roll or item of personal property omitted from the roll and immediately
5notify the assessors of the additions and omissions. The assessors shall immediately
6view and value the omitted property and certify the valuation to the clerk. The clerk
7shall enter the valuation and property classification on the roll, and the valuation
8shall be final. To enable the clerk to properly correct defective descriptions, the clerk
9may request aid, when necessary, from the county surveyor, whose fees for the
10services rendered shall be paid by the city, village, or town.
AB245-engrossed,118 11Section 118 . 70.53 (1) (a) of the statutes is repealed.
AB245-engrossed,119 12Section 119 . 70.65 (2) (a) 2. of the statutes is amended to read:
AB245-engrossed,73,1513 70.65 (2) (a) 2. Identify For assessments made before January 1, 2024, identify
14the name and address of the owners of all taxable personal property within the
15taxation district and the assessed value of each owner's taxable personal property.
AB245-engrossed,120 16Section 120 . 70.65 (2) (b) (intro.) of the statutes is amended to read:
AB245-engrossed,73,1917 70.65 (2) (b) (intro.) With respect to each description of real property and each
18owner of taxable personal property and the personal property assessments made
19before January 1, 2024
:
AB245-engrossed,121 20Section 121 . 70.68 (1) of the statutes is amended to read:
AB245-engrossed,74,221 70.68 (1) Collection in certain cities. In For taxes levied before January 1,
222024, 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.
AB245-engrossed,122 3Section 122 . 70.73 (1) (b) of the statutes is amended to read:
AB245-engrossed,74,104 70.73 (1) (b) If a town, village, or city clerk or treasurer discovers that personal
5property has been assessed to the wrong person for assessments made before
6January 1, 2024
, or 2 or more parcels of land belonging to different persons have been
7erroneously assessed together on the tax roll, the clerk or treasurer shall notify the
8assessor and all parties interested, if the parties are residents of the county, by notice
9in writing to appear at the clerk's office at some time, not less than 5 days thereafter,
10to correct the assessment roll.
AB245-engrossed,123 11Section 123 . 70.73 (1) (c) of the statutes is amended to read:
AB245-engrossed,74,1712 70.73 (1) (c) At the time and place designated in the notice given under par. (b),
13the assessment roll shall be corrected by entering the correct names of the persons
14liable to assessment, both as to real and personal property, describing each parcel of
15land and giving the proper valuation to each parcel separately owned. The total
16valuation given to the separate tracts of real estate shall be equal to the valuation
17given to the same property when the several parcels were assessed together.
AB245-engrossed,124 18Section 124 . 70.73 (1) (d) of the statutes is amended to read:
AB245-engrossed,74,2319 70.73 (1) (d) The valuation of parcels of land or correction of names of persons
20whose personal property is assessed under this subsection
may be made at any time
21before the tax roll is returned to the county treasurer for the year in which the tax
22is levied. The valuation or correction of names, when made under this subsection,
23shall be held just and correct and be final and conclusive.
AB245-engrossed,125 24Section 125 . 70.84 of the statutes is amended to read:
AB245-engrossed,75,21
170.84 Inequalities may be corrected in subsequent year. If any such
2reassessment cannot be completed in time to take the place of the original
3assessment made in such district for said year, the clerk of the district shall levy and
4apportion the taxes for that year upon the basis of the original assessment roll, and
5when the reassessment is completed the inequalities in the taxes levied under the
6original assessment shall be remedied and compensated in the levy and
7apportionment of taxes in such district next following the completion of said
8reassessment in the following manner: Each tract of real estate, and, as to personal
9property assessments made before January 1, 2024, each taxpayer, whose tax shall
10be determined by such reassessment to have been relatively too high, shall be
11credited a sum equal to the amount of taxes charged on the original assessment in
12excess of the amount which would have been charged had such reassessment been
13made in time; and each tract of real estate, and, as to personal property assessments
14made before January 1, 2024
, each taxpayer, whose tax shall be determined by such
15reassessment to have been relatively too low, shall be charged, in addition to all other
16taxes, a sum equal to the difference between the amount of taxes charged upon such
17unequal original assessment and the amount which would have been charged had
18such reassessment been made in time. The department of revenue, or its authorized
19agent, shall at any time have access to all assessment and tax rolls herein referred
20to for the purpose of assisting the local clerk and in order that the results of the
21reassessment may be carried into effect.
AB245-engrossed,126 22Section 126 . 70.855 (1) (intro.) of the statutes is amended to read:
AB245-engrossed,75,2523 70.855 (1) Applicability. (intro.) The department of revenue shall assess real
24and personal property assessed as commercial property under s. 70.32 (2) (a) 2. if all
25of the following apply:
AB245-engrossed,127
1Section 127. 70.855 (1) (a) of the statutes is amended to read:
AB245-engrossed,76,52 70.855 (1) (a) The property owner and the governing body of the municipality
3where the property is located submit a written request to the department on or before
4March 1 of the year of the assessment to have the department assess the property
5owner's real and personal commercial property located in the municipality.
AB245-engrossed,128 6Section 128 . 70.855 (1) (b) of the statutes is amended to read:
AB245-engrossed,76,87 70.855 (1) (b) The written request submitted under par. (a) specifies the items
8of personal property and
parcels of real property for the department's assessment.
AB245-engrossed,129 9Section 129 . 70.995 (1) (a) of the statutes is amended to read:
AB245-engrossed,76,2510 70.995 (1) (a) In this section “manufacturing property" includes all lands,
11buildings, structures and other
real property, as defined in s. 70.03, in this state, used
12in manufacturing, assembling, processing, fabricating, making, or milling tangible
13personal property for profit. Manufacturing property also includes warehouses,
14storage facilities, and office structures in this state when the predominant use of the
15warehouses, storage facilities, or offices is in support of the manufacturing property,
16and all personal property owned or used by any person engaged in this state in any
17of the activities mentioned, and used in the activity, including raw materials,
18supplies, machinery, equipment, work in
process and finished inventory when
19located at the site of the activity
. Establishments engaged in assembling component
20parts of manufactured products are considered manufacturing establishments if the
21new product is neither a structure nor other fixed improvement. Materials processed
22by a manufacturing establishment include products of agriculture, forestry, fishing,
23mining, and quarrying. For the purposes of this section, establishments which
24engage in mining metalliferous minerals are considered manufacturing
25establishments.
AB245-engrossed,130
1Section 130. 70.995 (4) of the statutes is amended to read:
AB245-engrossed,77,202 70.995 (4) Whenever real property or tangible personal property is used for
3one, or some combination, of the processes mentioned in sub. (3) and also for other
4purposes, the department of revenue, if satisfied that there is substantial use in one
5or some combination of such processes, may assess the property under this section.
6For all purposes of this section the department of revenue shall have sole discretion
7for the determination of what is substantial use and what description of real property
8or what unit of tangible personal property shall constitute “the property" to be
9included for assessment purposes, and, in connection herewith, the department may
10include in a real property unit, real property owned by different persons. Vacant
11property designed for use in manufacturing, assembling, processing, fabricating,
12making, or milling tangible property for profit may be assessed under this section or
13under s. 70.32 (1), and the period of vacancy may not be the sole ground for making
14that determination. In those specific instances where a portion of a description of
15real property includes manufacturing property rented or leased and operated by a
16separate person which does not satisfy the substantial use qualification for the entire
17property, the local assessor shall assess the entire real property description and all
18personal property not exempt under s. 70.11 (27
). The applicable portions of the
19standard manufacturing property report form under sub. (12) as they relate to
20manufacturing machinery and equipment shall be submitted by such person
.
AB245-engrossed,131 21Section 131 . 70.995 (5) of the statutes is amended to read:
AB245-engrossed,78,722 70.995 (5) The department of revenue shall assess all property of
23manufacturing establishments included under subs. (1) and (2), except property not
24contiguous with or located within 1,000 feet of the parcel on which the production
25process, as defined in s. 70.11 (27) (a) 5., occurs,
as of the close of January 1 of each

1year, if on or before March 1 of that year the department has classified the property
2as manufacturing or the owner of the property has requested, in writing, that the
3department make such a classification and the department later does so. A change
4in ownership, location, or name of the manufacturing establishment does not
5necessitate a new request. In assessing lands from which metalliferous minerals are
6being extracted and valued for purposes of the tax under s. 70.375, the value of the
7metalliferous mineral content of such lands shall be excluded.
AB245-engrossed,132 8Section 132 . 70.995 (5n) of the statutes is created to read:
AB245-engrossed,78,169 70.995 (5n) (a) If the department of revenue determines that an establishment
10is engaged in manufacturing, as described in subs. (1), (2), and (3), the department
11may classify the establishment as manufacturing. The establishment shall submit
12a written request on or before July 1 of the year for which classification is desired,
13as provided under s. 71.07 (5n) (a) 9. c. or 71.28 (5n) (a) 9. c. Any establishment
14classified as manufacturing prior to January 1, 2024, is presumed to be engaged in
15manufacturing, as described in subs. (1), (2), and (3), and need not submit a request
16as provided in this paragraph.
AB245-engrossed,78,2217 (b) The department may at any time investigate or audit requests submitted
18under par. (a) and may revoke a classification. A revocation under this paragraph
19may not apply retroactively, but shall take effect on the first day of the
20establishment's taxable year following the year in which the department issues a
21revocation. An establishment that submits a request under par. (a) shall notify the
22department within 60 days of any termination of manufacturing activity.
AB245-engrossed,79,623 (c) On or before December 31 of the year in which a request is timely submitted
24under par. (a), the department shall issue a notice of determination responding to the
25timely request. The department may, in its sole discretion, issue a notice of

1determination by December 31 for requests received after July 1 of the year in which
2classification is desired. The notice shall be in writing and shall be sent by 1st class
3mail or electronic mail. In addition, the notice shall specify that objections to the
4decision shall be filed with the state board of assessors no later than 60 days after
5the date of the notice, that a fee of $200 shall be paid when the objection is filed, and
6that the objection is not filed until the fee is paid.
AB245-engrossed,79,127 (d) For purposes of this subsection, an objection is considered timely filed if
8received by the state board of assessors no later than 60 days after the date of the
9notice or sent to the state board of assessors by U.S. postal service certified mail in
10a properly addressed envelope, with postage paid, that is postmarked before
11midnight of the last day for filing. Neither the board nor the tax appeals commission
12may waive the requirement that objections be in writing.
AB245-engrossed,79,1613 (e) The state board of assessors shall investigate any objection timely filed
14under par. (d) if the fee specified under par. (c) is paid. The board shall notify the
15person objecting or the person's agent of its determination by 1st class mail or
16electronic mail.
AB245-engrossed,79,2217 (f) If a determination of the state board of assessors under par. (e) results in an
18establishment not being classified as manufacturing, the person having been
19notified of the determination shall be deemed to have accepted the determination
20unless the person files a petition for review with the clerk of the tax appeals
21commission, as provided under s. 73.01 (5) and the rules of practice of the tax appeals
22commission.
AB245-engrossed,133 23Section 133 . 70.995 (7) (b) of the statutes is amended to read:
AB245-engrossed,80,224 70.995 (7) (b) Each 5 years, or more frequently if the department of revenue's
25workload permits and if in the department's judgment it is desirable, the department

1of revenue shall complete a field investigation or on-site appraisal at full value under
2ss. s. 70.32 (1) and 70.34 of all manufacturing real property in this state.
AB245-engrossed,134 3Section 134 . 70.995 (8) (b) 1. of the statutes is amended to read:
AB245-engrossed,80,224 70.995 (8) (b) 1. The department of revenue shall annually notify each
5manufacturer assessed under this section and the municipality in which the
6manufacturing property is located of the full value of all real and personal property
7owned by the manufacturer. The notice shall be in writing and shall be sent by 1st
8class mail or electronic mail. In addition, the notice shall specify that objections to
9valuation, amount, or taxability must be filed with the state board of assessors no
10later than 60 days after the date of the notice of assessment, that objections to a
11change from assessment under this section to assessment under s. 70.32 (1) must be
12filed no later than 60 days after the date of the notice, that the fee under par. (c) 1.
13or (d) must be paid and that the objection is not filed until the fee is paid. For
14purposes of this subdivision, an objection is considered timely filed if received by the
15state board of assessors no later than 60 days after the date of the notice or sent to
16the state board of assessors by certified mail in a properly addressed envelope, with
17postage paid, that is postmarked before midnight of the last day for filing. A
18statement shall be attached to the assessment roll indicating that the notices
19required by this section have been mailed and failure to receive the notice does not
20affect the validity of the assessments, the resulting tax on real or personal property,
21the procedures of the tax appeals commission or of the state board of assessors, or
22the enforcement of delinquent taxes by statutory means.
AB245-engrossed,135 23Section 135 . 70.995 (12) (a) of the statutes is amended to read:
AB245-engrossed,81,2124 70.995 (12) (a) The department of revenue shall prescribe a standard
25manufacturing property report form that shall be submitted annually for each real

1estate parcel and each personal property account on or before March 1 by all
2manufacturers whose property is assessed under this section. The report form shall
3contain all information considered necessary by the department and shall include,
4without limitation, income and operating statements, fixed asset schedules, and a
5report of new construction or demolition. Failure to submit the report shall result
6in denial of any right of redetermination by the state board of assessors or the tax
7appeals commission. If any property is omitted or understated in the manufacturing
8real estate
assessment roll in any of the next 5 previous years, or in a manufacturing
9personal property assessment roll made before January 1, 2024,
the assessor shall
10enter the value of the omitted or understated property once for each previous year
11of the omission or understatement. The assessor shall affix a just valuation to each
12entry for a former year as it should have been assessed according to the assessor's
13best judgment. Taxes shall be apportioned and collected on the tax roll for each entry,
14on the basis of the net tax rate for the year of the omission, taking into account credits
15under s. 79.10. In the case of omitted property, interest shall be added at the rate of
160.0267 percent per day for the period of time between the date when the form is
17required to be submitted and the date when the assessor affixes the just valuation.
18In the case of underpayments determined after an objection under sub. (8) (d),
19interest shall be added at the average annual discount interest rate determined by
20the last auction of 6-month U.S. treasury bills before the objection per day for the
21period of time between the date when the tax was due and the date when it is paid.
AB245-engrossed,136 22Section 136 . 71.07 (5n) (a) 5. a. of the statutes is amended to read:
AB245-engrossed,82,523 71.07 (5n) (a) 5. a. “Manufacturing property factor" means a fraction, the
24numerator of which is the average value of the claimant's real and personal property
25assessed under s. 70.995
land and depreciable property, owned or rented and used

1in this state by the claimant during the taxable year to manufacture qualified
2production property, and the denominator of which is the average value of all the
3claimant's real and personal land and depreciable property owned or rented during
4the taxable year and used by the claimant to manufacture qualified production
5property.
AB245-engrossed,137 6Section 137 . 71.07 (5n) (a) 5. d. of the statutes is repealed.
AB245-engrossed,138 7Section 138 . 71.07 (5n) (a) 9. (intro.) of the statutes is amended to read:
AB245-engrossed,82,98 71.07 (5n) (a) 9. (intro.) “Qualified production property" means either any of
9the following:
AB245-engrossed,139 10Section 139 . 71.07 (5n) (a) 9. a. of the statutes is amended to read:
AB245-engrossed,82,1711 71.07 (5n) (a) 9. a. Tangible personal property manufactured in whole or in part
12by the claimant on property that is located in this state and assessed as
13manufacturing property under s. 70.995. Tangible personal property manufactured
14in this state may only be qualified production property if it is manufactured on
15property approved to be classified as manufacturing real property for purposes of s.
1670.995, even if it is not eligible to be listed on the department's manufacturing roll
17until January 1 of the following year.
AB245-engrossed,140 18Section 140 . 71.07 (5n) (a) 9. c. of the statutes is created to read:
AB245-engrossed,83,319 71.07 (5n) (a) 9. c. Tangible personal property manufactured in whole or in part
20by the claimant at an establishment that is located in this state and classified as
21manufacturing under s. 70.995 (5n). A person wishing to classify the person's
22establishment as manufacturing under this subd. 9. c. shall file an application in the
23form and manner prescribed by the department no later than July 1 of the taxable
24year for which the person wishes to claim the credit under this subsection, pursuant
25to s. 70.995 (5n). The department shall make a determination and provide written

1notice by December 31 of the year in which the application is filed. A determination
2on the classification under this subd. 9. c. may be appealed as provided under s.
370.995 (5n).
AB245-engrossed,141 4Section 141 . 71.07 (5n) (d) 2. of the statutes is amended to read:
AB245-engrossed,83,135 71.07 (5n) (d) 2. For purposes of determining a claimant's eligible qualified
6production activities income under this subsection, the claimant shall multiply the
7claimant's qualified production activities income from property manufactured by the
8claimant by the manufacturing property factor and qualified production activities
9income from property produced, grown, or extracted by the claimant by the
10agriculture property factor. This subdivision does not apply if the claimant's entire
11qualified production activities income results from the sale of tangible personal
12property that was manufactured, produced, grown, or extracted wholly in this state
13by the claimant.
AB245-engrossed,142 14Section 142 . 71.07 (6e) (a) 5. of the statutes is amended to read:
AB245-engrossed,84,615 71.07 (6e) (a) 5. “Property taxes" means real and personal property taxes,
16exclusive of special assessments, delinquent interest, and charges for service, paid
17by a claimant, and the claimant's spouse if filing a joint return, on the eligible
18veteran's or unremarried surviving spouse's principal dwelling in this state during
19the taxable year for which credit under this subsection is claimed, less any property
20taxes paid which are properly includable as a trade or business expense under
21section 162 of the Internal Revenue Code. If the principal dwelling on which the
22taxes were paid is owned by 2 or more persons or entities as joint tenants or tenants
23in common or is owned by spouses as marital property, “property taxes" is that part
24of property taxes paid that reflects the ownership percentage of the claimant, except
25that this limitation does not apply to spouses who file a joint return. If the principal

1dwelling is sold during the taxable year, the “property taxes" for the seller and buyer
2shall be the amount of the tax prorated to each in the closing agreement pertaining
3to the sale or, if not so provided for in the closing agreement, the tax shall be prorated
4between the seller and buyer in proportion to months of their respective ownership.
5“Property taxes" includes monthly municipal permit fees in respect to a principal
6dwelling collected under s. 66.0435 (3) (c).
AB245-engrossed,143 7Section 143 . 71.07 (9) (a) 3. of the statutes is amended to read:
AB245-engrossed,84,228 71.07 (9) (a) 3. “Property taxes" means real and personal property taxes,
9exclusive of special assessments, delinquent interest and charges for service, paid by
10a claimant on the claimant's principal dwelling during the taxable year for which
11credit under this subsection is claimed, less any property taxes paid which are
12properly includable as a trade or business expense under section 162 of the Internal
13Revenue Code. If the principal dwelling on which the taxes were paid is owned by
142 or more persons or entities as joint tenants or tenants in common or is owned by
15spouses as marital property, “property taxes" is that part of property taxes paid that
16reflects the ownership percentage of the claimant. If the principal dwelling is sold
17during the taxable year the “property taxes" for the seller and buyer shall be the
18amount of the tax prorated to each in the closing agreement pertaining to the sale
19or, if not so provided for in the closing agreement, the tax shall be prorated between
20the seller and buyer in proportion to months of their respective ownership. “ Property
21taxes" includes monthly municipal permit fees in respect to a principal dwelling
22collected under s. 66.0435 (3) (c).
AB245-engrossed,144 23Section 144 . 71.17 (2) of the statutes is amended to read:
AB245-engrossed,85,624 71.17 (2) Lien on trust estate; income taxes levied against beneficiary. All
25income taxes levied against the income of beneficiaries shall be a lien on that portion

1of the trust estate or interest therein from which the income taxed is derived, and
2such taxes shall be paid by the fiduciary, if not paid by the distributee, before the
3same become delinquent. Every person who, as a fiduciary under the provisions of
4this subchapter, pays an income tax shall have all the rights and remedies of
5reimbursement for any taxes assessed against him or her or paid by him or her in
6such capacity, as provided in s. 70.19 (1), 2021 stats., and s. 70.19 (2), 2021 stats.
AB245-engrossed,145 7Section 145 . 71.28 (5n) (a) 5. a. of the statutes is amended to read:
AB245-engrossed,85,158 71.28 (5n) (a) 5. a. “Manufacturing property factor" means a fraction, the
9numerator of which is the average value of the claimant's real and personal property
10assessed under s. 70.995
land and depreciable property, owned or rented and used
11in this state by the claimant during the taxable year to manufacture qualified
12production property, and the denominator of which is the average value of all the
13claimant's real and personal land and depreciable property owned or rented during
14the taxable year and used by the claimant to manufacture qualified production
15property.
AB245-engrossed,146 16Section 146 . 71.28 (5n) (a) 5. d. of the statutes is repealed.
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