Amendment AA16-ASA4-AB892

LRBa2047/1

JK:cjs:jf

1999 - 2000 LEGISLATURE

ASSEMBLY AMENDMENT 16, TO ASSEMBLY SUBSTITUTE AMENDMENT 4, TO 1999 ASSEMBLY BILL 892

March 24, 2000 - Offered by Representatives Ziegelbauer and Krug.

AB892-ASA4-AA16,1,1 At the locations indicated, amend the substitute amendment as follows:

AB892-ASA4-AA16,1,3 1. Page 2, line 6: after "district;" insert "the property tax exemption for a professional football stadium;".

AB892-ASA4-AA16,1,4 2. Page 10, line 7: after that line insert:

AB892-ASA4-AA16,1,6 " Section 25m. 70.11 (36) of the statutes is renumbered 70.11 (36) (a) and amended to read:

AB892-ASA4-AA16,2,5 70.11 (36) (a) Professional sports and entertainment home stadiums. Property consisting of or contained in a sports and entertainment home stadium, except a football stadium as defined in s. 229.821 (6); including but not limited to parking lots, garages, restaurants, parks, concession facilities, entertainment facilities, transportation facilities, and other functionally related or auxiliary facilities and structures; including those facilities and structures while they are being built; constructed by, leased to or primarily used by a professional athletic team that is a member of a league that includes teams that have home stadiums in other states, and the land on which that stadium and those structures and facilities are located. Leasing or subleasing the property; regardless of the lessee, the sublessee and the use of the leasehold income; does not render the property taxable.

AB892-ASA4-AA16, s. 25n Section 25n. 70.11 (36) (b) of the statutes is created to read:

AB892-ASA4-AA16,2,18 70.11 (36) (b) Property consisting of or contained in a football stadium, as defined in s. 229.821 (6), and related facilities and structures, including those facilities and structures while they are being built or constructed, primarily used by a professional football team described in s. 229.823, and the land, including parking lots, on which that stadium and those facilities and structures are located. Related facilities and structures are limited to improvements that share common structural supports with the stadium or are physically attached to the stadium. Using the property for garages, restaurants, parks, concession facilities, entertainment facilities, transportation facilities, or other functionally related or auxiliary facilities does not render the property taxable. Leasing or subleasing the property; regardless of the lessee, the sublessee and the use of the leasehold income; does not render the property taxable.".

AB892-ASA4-AA16,2,19 3. Page 48, line 16: after that line insert:

AB892-ASA4-AA16,2,22 "(3q) Property tax. The renumbering and amendment of section 70.11 (36) of the statutes and the creation of 70.11 (36) (b) of the statutes first apply to the property tax assessments as of January 1, 2001.".

AB892-ASA4-AA16,2,23 (End)