Amendment AA1-ASA1-SB55

SB55-ASA1-AA1, s. 2041z Section 2041z. 66.1106 (7) (d) of the statutes is amended to read:

SB55-ASA1-AA1,559,18 66.1106 (7) (d) 1. The department may not authorize a positive environmental remediation tax increment under par. (a) to pay otherwise eligible costs that are incurred by the political subdivision after the department of natural resources environmental management certifies to the department of revenue that environmental pollution on the parcel of property has been remediated unless the costs are associated with activities, as determined by the department of natural resources environmental management, that are necessary to close the site described in the site investigation report.

SB55-ASA1-AA1,559,21 2. The department of natural resources environmental management shall certify to the department of revenue the completion of the remediation of environmental pollution at the site described in the site investigation report.".

SB55-ASA1-AA1,559,22 897. Page 682, line 23: before that line insert:

SB55-ASA1-AA1,559,23 " Section 2028x. 66.1103 (10) (d) of the statutes is amended to read:

SB55-ASA1-AA1,560,13 66.1103 (10) (d) The governing body may issue bonds under this section without submitting the proposition to the electors of the municipality for approval unless within 30 days from the date of publication of notice of adoption of the initial resolution for the bonds, a petition conforming to the requirements of s. 8.40, and signed by a number of electors of the municipality equal to not less than 5% of the registered electors of the municipality, or, if there is no registration of electors in the municipality, by 10% of the number of electors of the municipality voting for the office of governor at the last general election as determined under s. 115.01 (13), is filed with the clerk of the municipality and as provided in s. 8.37 requesting a referendum upon the question of the issuance of the bonds. If such a petition is filed, the bonds may not be issued until approved by a majority of the electors of the municipality voting on the referendum at a general or special election referendum called in accordance with s. 8.065.".

SB55-ASA1-AA1,560,14 898. Page 684, line 8: after that line insert:

SB55-ASA1-AA1,560,15 " Section 2055m. 67.05 (3) (f) of the statutes is amended to read:

SB55-ASA1-AA1,561,9 67.05 (3) (f) If a special purpose district calls a referendum to be held in conjunction with a state, county, municipal or judicial election, the polling places for the state, county, municipal or judicial election shall be the polling places for the special purpose district referendum and the municipal election hours shall apply. If no state, county, municipal or judicial election is held on the day of the special purpose district referendum, the governing body of the special purpose district may set the election hours and select the polling places to be used, except as otherwise provided in s. 120.06 (9) (b) in the case of a school district. If a polling place located in the special purpose district that was utilized at the most recent spring or general election is not utilized by the special purpose district, the governing body of the special purpose district shall post a notice on the door of the polling place indicating all polling places open for voting. Election hours set by the governing body of the special purpose district for each polling place shall be the same as those provided by the governing body of the municipality in which the polling place is located, except that if the opening hour is later than 7 a.m., the governing body of the special purpose district may extend the opening hour to not earlier than 7 a.m. The municipal clerk of each municipality in which a polling place is located shall provide the necessary equipment to operate the polling place.".

SB55-ASA1-AA1,561,10 899. Page 684, line 8: after that line insert:

SB55-ASA1-AA1,561,11 " Section 2055m. 67.05 (4) and (5) of the statutes are amended to read:

SB55-ASA1-AA1,562,2 67.05 (4) Permissive referendum in counties. If a county board adopts an initial resolution for an issue of county bonds to provide for the original construction or for the improvement and maintenance of highways, to provide railroad aid, or to construct, acquire or maintain, or to aid in constructing, acquiring or maintaining a bridge over or across any stream or other body of water bordering upon or intersecting any part of the county, the county clerk is not required to submit the resolution for approval to the electors of the county at a special election referendum unless within 30 days after the adoption thereof there is filed with the clerk a petition conforming to the requirements of s. 8.40 and requesting such submission, signed by electors numbering at least 10% of the votes cast in the county for governor at the last general election. If a petition is filed, the question submitted shall be whether the resolution shall be or shall not be approved. No such resolution of a county board other than those specified in this subsection need be submitted to county electors, except as provided otherwise in sub. (7).

SB55-ASA1-AA1,562,15 (5) Referendum in towns, villages and cities. (a) Whenever an initial resolution has been so adopted by the governing body of a town, the clerk of the municipality shall immediately record the resolution and call a special election referendum in accordance with s. 8.065 for the purpose of submitting the resolution to the electors of the municipality for approval. This paragraph does not apply to bonds issued to finance low-interest mortgage loans under s. 62.237, unless a number of electors equal to at least 15% of the votes cast for governor at the last general election in their town sign and file a petition conforming to the requirements of s. 8.40 with the town clerk requesting submission of the resolution. Whenever a number of electors cannot be determined on the basis of reported statistics, the number shall be determined in accordance with s. 60.74 (6). If a petition is filed, the question submitted shall be whether the resolution shall or shall not be approved. This paragraph is limited in its scope by sub. (7).

SB55-ASA1-AA1,563,24 (b) No city or village may issue bonds for any purposes other than for water systems, lighting works, gas works, bridges, street lighting, street improvements, street improvement funding, hospitals, airports, harbor improvements, river improvements, breakwaters and protection piers, sewerage, garbage disposal, rubbish or refuse disposal, any combination of sewage, garbage or refuse or rubbish disposal, parks and public grounds, swimming pools and band shells, veterans housing projects, paying the municipality's portion of the cost of abolishing grade crossings, for the construction of police facilities and combined fire and police safety buildings, for the purchase of sites for engine houses, for fire engines and other equipment of the fire department, for construction of engine houses, and for pumps, water mains, reservoirs and all other reasonable facilities for fire protection apparatus or equipment for fire protection, for parking lots or other parking facilities, for school purposes, for libraries, for buildings for the housing of machinery and equipment, for acquiring and developing sites for industry and commerce as will expand the municipal tax base, for financing the cost of low-interest mortgage loans under s. 62.237, for providing financial assistance to blight elimination, slum clearance, community development, redevelopment and urban renewal programs and projects under ss. 66.1105, 66.1301 to 66.1329 and 66.1331 to 66.1337 or for University of Wisconsin System college campuses, as defined in s. 36.05 (6m), until the proposition for their issue for the special purpose has been submitted to the electors of the city or village and adopted by a majority vote. Except as provided under sub. (15), if the common council of any city or the village board of a village declares its purpose to raise money by issuing bonds for any purpose other than those specified in this subsection, it shall direct by resolution, which shall be recorded at length in the record of its proceedings, the clerk to call a special election referendum in accordance with s. 8.065 for the purpose of submitting the question of bonding to the city or village electors. If a number of electors of a city or village equal to at least 15% of the votes cast for governor at the last general election in their city or village sign and file a petition conforming to the requirements of s. 8.40 with the city or village clerk requesting submission of the resolution, the city or village may not issue bonds for financing the cost of low-interest mortgage loans under s. 62.237 without calling a special election to submit the question of bonding to unless the issuance is approved by the city or village electors for their approval at a referendum called in accordance with s. 8.065.".

SB55-ASA1-AA1,564,1 900. Page 684, line 10: delete lines 10 to 18 and substitute:

SB55-ASA1-AA1,564,9 "67.05 (6a) (a) 2. a. Direct the school district clerk to call a special election referendum in accordance with s. 8.065 (2) or an election authorized under s. 8.065 (3) for the purpose of submitting the resolution to the electors for approval or rejection, or direct that the resolution be submitted at the next regularly scheduled primary or election permitted under s. 8.065 (2) or an election authorized under s. 8.065 (3) to be held not earlier than 45 days after the adoption of the resolution. The resolution shall not be effective unless adopted by a majority of the school district electors voting at the referendum.".

SB55-ASA1-AA1,564,11 901. Page 685, line 14: delete the material beginning with that line and ending with page 686, line 21, and substitute:

SB55-ASA1-AA1,564,12 " Section 2056m. 67.05 (6m) (b) of the statutes is amended to read:

SB55-ASA1-AA1,564,18 67.05 (6m) (b) If a referendum is to be held on an initial resolution, the district board shall direct the technical college district secretary to call a special election referendum in accordance with s. 8.065 for the purpose of submitting the initial resolution to the electors for a referendum on approval or rejection. In lieu of a special election, the district board may specify that the election be held at the next succeeding spring primary or election or September primary or general election.

SB55-ASA1-AA1, s. 2056p Section 2056p. 67.10 (5) (b) of the statutes is amended to read:

SB55-ASA1-AA1,564,23 67.10 (5) (b) Any city having voted approved the issuance of bonds at a special referendum election held in accordance with s. 8.065 and having sold a portion thereof may negotiate, sell or otherwise dispose of the same in the manner provided by statute within 9 years of the date of the election voting the same.

SB55-ASA1-AA1, s. 2056s Section 2056s. 67.12 (12) (e) 5. of the statutes is amended to read:

SB55-ASA1-AA1,566,10 67.12 (12) (e) 5. Within 10 days of the adoption by a technical college district board of a resolution under subd. 1. to issue a promissory note for a purpose under s. 38.16 (2), the secretary of the district board shall publish a notice of such adoption as a class 1 notice, under ch. 985. The notice need not set forth the full contents of the resolution, but shall state the amount proposed to be borrowed, the method of borrowing, the purpose thereof, that the resolution was adopted under this subsection and the place where and the hours during which the resolution is available for public inspection. If the amount proposed to be borrowed is for building remodeling or improvement and does not exceed $500,000 $1,000,000 or is for movable equipment, the district board need not submit the resolution to the electors for approval unless, within 30 days after the publication or posting, a petition conforming to the requirements of s. 8.40 is filed with the secretary of the district board requesting a referendum at a special election to be called for that purpose. Such petition shall be signed by electors from each county lying wholly or partially within the district. The number of electors from each county shall equal at least 1.5% of the population of the county as determined under s. 16.96 (2) (c). If a county lies in more than one district, the technical college system board shall apportion the county's population as determined under s. 16.96 (2) (c) to the districts involved and the petition shall be signed by electors equal to the appropriate percentage of the apportioned population. In lieu of a special election, the district board may specify that the referendum shall be held at the next succeeding spring primary or election or September primary or general election. Any resolution to borrow amounts of money in excess of $500,000 $1,000,000 for building remodeling or improvement shall be submitted to the electors of the district for approval. Any referendum under this subdivision shall be called at the next election authorized under s. 8.065 (2) or an election authorized under s. 8.065 (3) occurring not sooner than 45 days after filing of a petition or adoption of a resolution requiring the referendum. If a referendum is held or required under this subdivision, no promissory note may be issued until the issuance is approved by a majority of the district electors voting at such referendum. The referendum shall be noticed, called and conducted under s. 67.05 (6a) insofar as applicable, except that the notice of special election referendum and ballot need not embody a copy of the resolution and the question which shall appear on the ballot shall be "Shall .... (name of district) be authorized to borrow the sum of $.... for (state purpose) by issuing its general obligation promissory note (or notes) under section 67.12 (12) of the Wisconsin Statutes?".".

SB55-ASA1-AA1,566,11 902. Page 699, line 18: after that line insert:

SB55-ASA1-AA1,566,12 " Section 2004g. 64.12 (4) of the statutes is amended to read:

SB55-ASA1-AA1,566,18 64.12 (4) At the end of each fiscal year the council shall cause a full and complete examination of all the books and accounts of the city to be made by competent certified public accountants licensed or certified under ch. 442 who shall report in full to the council. The summaries of such audits shall be presented and furnished to all newspapers and libraries of the city and to such other persons as shall apply therefor.

SB55-ASA1-AA1, s. 2004j Section 2004j. 64.34 (2) of the statutes is amended to read:

SB55-ASA1-AA1,566,24 64.34 (2) At the end of each year the council shall cause a full and complete examination of all of the books and accounts of the city to be made by competent certified public accountants licensed or certified under ch. 442, who shall report in full thereon to the council. Copies of such reports shall be furnished by the council to all newspapers of the city and to all persons who shall apply therefor.".

SB55-ASA1-AA1,567,1 903. Page 700, line 10: after that line insert:

SB55-ASA1-AA1,567,2 " Section 2102. 70.11 (2) of the statutes is amended to read:

SB55-ASA1-AA1,567,17 70.11 (2) Municipal property and property of certain districts, exception. Property owned by any county, city, village, town, school district, technical college district, public inland lake protection and rehabilitation district, metropolitan sewerage district, municipal water district created under s. 198.22, joint local water authority created under s. 66.0823, regional planning commission created under s. 66.0309, family care district under s. 46.2895, or town sanitary district; lands belonging to cities of any other state used for public parks; land tax-deeded to any county or city before January 2; but any residence located upon property owned by the county for park purposes that is rented out by the county for a nonpark purpose shall not be exempt from taxation. Except as to land acquired under s. 59.84 (2) (d), this exemption shall not apply to land conveyed after August 17, 1961, to any such governmental unit or for its benefit while the grantor or others for his or her benefit are permitted to occupy the land or part thereof in consideration for the conveyance. Leasing the property exempt under this subsection, regardless of the lessee and the use of the leasehold income, does not render that property taxable.".

SB55-ASA1-AA1,567,18 904. Page 701, line 12: after that line insert:

SB55-ASA1-AA1,567,19 " Section 2103r. 70.11 (20) (a) of the statutes is amended to read:

SB55-ASA1-AA1,567,23 70.11 (20) (a) The property is used to preserve native wild plant or native wild animal life, Indian mounds or other works of ancient persons or geological or geographical formations of scientific interest; or the property is used for community parks and is open to the public, at no charge to the public.".

SB55-ASA1-AA1,567,24 905. Page 702, line 2: after that line insert:

SB55-ASA1-AA1,568,2 " Section 2104b. 70.11 (21) (a) of the statutes, as affected by 2001 Wisconsin Act .... (this act), is amended to read:

SB55-ASA1-AA1,568,16 70.11 (21) (a) All property purchased or constructed as a waste treatment facility used for the treatment of industrial wastes, as defined in s. 281.01 (5), or air contaminants, as defined in s. 285.01 (1), but not for other wastes, as defined in s 281.01 (7) for the purpose of abating or eliminating pollution of surface waters, the air, or waters of the state if that property is not used to grow agricultural products for sale and, if the property's owner is taxed under ch. 76, if the property is approved by the department of revenue. For the purposes of this subsection, "industrial waste" also includes wood chips, sawdust, and other wood residue from the paper and wood products manufacturing process that can be used as fuel and would otherwise be considered superfluous, discarded, or fugitive material. The department of natural resources environmental management and department of health and family services shall make recommendations upon request to the department of revenue regarding such property. All property purchased or upon which construction began prior to July 31, 1975, shall be subject to s. 70.11 (21), 1973 stats.

SB55-ASA1-AA1, s. 2104n Section 2104n. 70.11 (21) (b) of the statutes is amended to read:

SB55-ASA1-AA1,568,21 70.11 (21) (b) The books and records of owners of property covered by this subsection shall be open to examination by representatives of the department of natural resources environmental management, department of health and family services and department of revenue.".

SB55-ASA1-AA1,568,22 906. Page 702, line 22: after that line insert:

SB55-ASA1-AA1,568,23 " Section 2108d. 70.11 (27m) of the statutes is created to read:

SB55-ASA1-AA1,569,2 70.11 (27m) Restaurant kitchen equipment. (a) In this subsection, "machinery" has the meaning given in sub. (27) (a) 2.

SB55-ASA1-AA1,569,5 (b) Machinery and equipment used primarily in the operation of a restaurant's kitchen to prepare or serve food or beverages, regardless of whether the machinery or equipment is attached to real property.".

SB55-ASA1-AA1,569,6 907. Page 704, line 22: after that line insert:

SB55-ASA1-AA1,569,7 " Section 2112m. 70.111 (25) of the statutes is amended to read:

SB55-ASA1-AA1,569,11 70.111 (25) Digital broadcasting equipment. Digital broadcasting equipment owned and used by a radio station or, a television station, except that this subsection does not apply to digital broadcasting equipment that is owned and used by or a cable television system, as defined in s. 66.082 66.0419 (2) (d).".

SB55-ASA1-AA1,569,12 908. Page 705, line 24: after that line insert:

SB55-ASA1-AA1,569,13 " Section 2114c. 70.113 (1) (intro.) of the statutes is amended to read:

SB55-ASA1-AA1,569,23 70.113 (1) (intro.) As soon after April 20 of each year as is feasible the department of natural resources fish, wildlife, parks, and forestry shall pay to the city, village, or town treasurer all of the following amounts from the following appropriations for each acre situated in the municipality of state forest lands, as defined in s. 28.02 (1), state parks under s. 27.01 and state public shooting, trapping or fishing grounds and reserves or refuges operated thereon, acquired at any time under s. 29.10, 1943 stats., s. 23.09 (2) (d) or 29.749 (1) or from the appropriations made by s. 20.866 (2) (tp) by the department of natural resources fish, wildlife, parks, and forestry or leased from the federal government by the department of natural resources fish, wildlife, parks, and forestry:

SB55-ASA1-AA1, s. 2114e Section 2114e. 70.113 (2) (a) of the statutes is amended to read:

SB55-ASA1-AA1,570,7 70.113 (2) (a) Towns, cities or villages shall be paid for forest lands as defined in s. 28.02 (1), state parks under s. 27.01 and other lands acquired under s. 23.09 (2) (d), 23.27, 23.29, 23.293, 23.31 or 29.749 (1) located within such municipality and acquired after June 30, 1969. Such payments shall be made from the appropriation under s. 20.370 (5) (da) or (dq) and remitted by the department of natural resources fish, wildlife, parks, and forestry in the amounts certified by the department of revenue according to par. (b).

SB55-ASA1-AA1, s. 2114g Section 2114g. 70.114 (1) (a) of the statutes is amended to read:

SB55-ASA1-AA1,570,10 70.114 (1) (a) "Department" means the department of natural resources fish, wildlife, parks, and forestry.".

SB55-ASA1-AA1,570,11 909. Page 705, line 24: after that line insert:

SB55-ASA1-AA1,570,12 " Section 2114j. 70.112 (5) of the statutes is amended to read:

SB55-ASA1-AA1,570,16 70.112 (5) Motor vehicles, bicycles, snowmobiles. Every automobile, low-speed vehicle, motor bicycle, motor bus, motorcycle, motor truck, moped, road tractor, school bus, snowmobile, truck tractor, or other similar motor vehicle, or trailer or semitrailer used in connection therewith.".

SB55-ASA1-AA1,570,17 910. Page 705, line 24: after that line insert:

SB55-ASA1-AA1,570,19 " Section 2114d. 70.32 (2) (c) 1. of the statutes is renumbered 70.32 (2) (c) 1. (intro.) and amended to read:

SB55-ASA1-AA1,570,20 70.32 (2) (c) 1. (intro.) "Agricultural land" means land, all of the following:

SB55-ASA1-AA1,570,22 a. Land, exclusive of buildings and improvements, that is devoted primarily to agricultural use, as defined by rule.

SB55-ASA1-AA1, s. 2114f Section 2114f. 70.32 (2) (c) 1. b. of the statutes is created to read:

SB55-ASA1-AA1,571,6 70.32 (2) (c) 1. b. For every acre of agricultural land under subd. 1. a. that a person owns, nine-tenths of an acre of land, exclusive of buildings and improvements, that is classified under par. (a) 5. or 6.; that is contiguous to agricultural land under subd. 1. a., including land that is separated from agricultural land under subd. 1. a. only by a road; and that is owned by the person that owns the contiguous agricultural land under subd. 1. a.

SB55-ASA1-AA1, s. 2114h Section 2114h. 70.32 (2r) (c) of the statutes is amended to read:

SB55-ASA1-AA1,571,13 70.32 (2r) (c) For the assessment as of the January 1 after the valuation method under par. (b) no longer applies and for each assessment thereafter, agricultural land shall be assessed according to the income that could be generated from its rental for agricultural use, except that the agricultural land under sub. (2) (c) 1. b. shall be assessed as pasture land, as provided in the assessment manual published under s. 73.03 (2a).".

SB55-ASA1-AA1,571,15 911. Page 705, line 25: delete the material beginning with that line and ending with page 706, line 6.

SB55-ASA1-AA1,571,16 912. Page 706, line 6: after that line insert:

SB55-ASA1-AA1,571,17 " Section 2114mb. 70.32 (2) (c) 4. of the statutes is amended to read:

SB55-ASA1-AA1,571,23 70.32 (2) (c) 4. "Swampland or wasteland" means bog,; marsh,; lowland brush,; uncultivated land zoned as shoreland under s. 59.692 and shown as a wetland on a final map under s. 23.32 278.32; undeveloped land that is not classified under this subsection as agricultural or as productive forest land and that is part of a parcel that is designated as managed forest land under subch. VI of ch. 77; or other nonproductive lands not otherwise classified under this subsection.

SB55-ASA1-AA1, s. 2114mg Section 2114mg. 70.375 (4) (o) of the statutes is amended to read:

SB55-ASA1-AA1,572,8 70.375 (4) (o) Actual and necessary reclamation and restoration costs associated with a mine in this state, including payments for future reclamation and postmining costs which are required by law or by department of natural resources environmental management order and fees and charges under chs. 281, 285 or 289 to 299, except s. 281.48, not otherwise deductible under this section. Any refunds of escrowed or reserve fund payments allowed as a deduction under this paragraph shall be taxed as net proceeds at the average effective tax rate for the years the deduction was taken.

SB55-ASA1-AA1, s. 2114mj Section 2114mj. 70.395 (2) (dc) 1. of the statutes is amended to read:

SB55-ASA1-AA1,572,13 70.395 (2) (dc) 1. Each person intending to submit an application for a mining permit shall pay $50,000 to the department of revenue for deposit in the investment and local impact fund at the time that the person notifies the department of natural resources environmental management under s. 293.31 (1) of that intent.

SB55-ASA1-AA1, s. 2114mn Section 2114mn. 70.395 (2) (j) of the statutes is amended to read:

SB55-ASA1-AA1,572,23 70.395 (2) (j) Prior to the beginning of a fiscal year, the board shall certify to the department of administration for payment from the investment and local impact fund any sum necessary for the department of natural resources environmental management to make payments under s. 289.68 (3) for the long-term care of mining waste sites, if moneys in the waste management fund are insufficient to make complete payments during that fiscal year, but this sum may not exceed the balance in the waste management fund at the beginning of that fiscal year or 50% of the balance in the investment and local impact fund at the beginning of that fiscal year, whichever amount is greater.

SB55-ASA1-AA1, s. 2114mq Section 2114mq. 70.395 (2) (k) of the statutes is amended to read:

SB55-ASA1-AA1,573,10 70.395 (2) (k) Prior to the beginning of each fiscal year, the board shall certify to the department of administration for payment from the investment and local impact fund any sum necessary for the department of natural resources environmental management to make payments under s. 292.31 for the environmental repair of mining waste sites, if moneys in the environmental fund that are available for environmental repair are insufficient to make complete payments during that fiscal year. This sum may not exceed the balance in the environmental fund at the beginning of that fiscal year or 50% of the balance in the investment and local impact fund at the beginning of that fiscal year, whichever amount is greater.".

SB55-ASA1-AA1,573,11 913. Page 706, line 6: after that line insert:

SB55-ASA1-AA1,573,12 " Section 2114n. 70.35 (1) of the statutes is amended to read:

SB55-ASA1-AA1,573,22 70.35 (1) To determine the amount and value of any personal property for which any person, firm or corporation should be assessed, any assessor may examine such person or the managing agent or officer of any firm or corporation under oath as to all such items of personal property, the taxable value thereof as defined in s. 70.34 if the property is taxable and the fair full market value, as determined under s. 79.095 (3) (b), if the property is exempt under s. 70.11 (39). In the alternative the assessor may require such person, firm or corporation to submit a return of such personal property and of the taxable value thereof. There shall be annexed to such return the declaration of such person or of the managing agent or officer of such firm or corporation that the statements therein contained are true.

SB55-ASA1-AA1, s. 2114p Section 2114p. 70.35 (2) of the statutes is amended to read:

SB55-ASA1-AA1,574,12 70.35 (2) The return shall be made and all the information therein requested given by such person on a form prescribed by the assessor with the approval of the department of revenue which shall provide suitable schedules for such information bearing on value as the department deems necessary to enable the assessor to determine the true cash value of the taxable personal property,; and the full value of the personal property that is exempt under s. 70.11 (39), as determined under s. 79.095 (3) (b); that is owned or in the possession of such person on January 1 as provided in s. 70.10. The return may contain methods of deriving assessable values from book values and for the conversion of book values to present values, and a statement as to the accounting method used. No person shall be required to take detailed physical inventory for the purpose of making the return required by this section.".

SB55-ASA1-AA1,574,13 914. Page 706, line 7: after that line insert:

SB55-ASA1-AA1,574,14 " Section 2116. 70.511 (2) (b) of the statutes is amended to read:

SB55-ASA1-AA1,575,15 70.511 (2) (b) If the reviewing authority reduces the value of the property in question, or determines that manufacturing property is exempt, the taxpayer may file a claim for refund of taxes resulting from the reduction in value or determination that the property is exempt. If Except as provided in par. (bm), if a claim for refund is filed with the clerk of the municipality on or before the November 1 following the decision of the reviewing authority, the claim shall be payable to the taxpayer from the municipality no later than January 31 of the succeeding year. A Except as provided in par. (bm), a claim filed after November 1 shall be paid to the taxpayer by the municipality no later than the 2nd January 31 after the claim is filed. Interest Except for claims related to property assessed under s. 70.995, interest on the claim at the rate of 0.8% per month shall be paid to the taxpayer when the claim is paid. Interest on claims related to property assessed under s. 70.995 shall be paid when the claim is made at the average annual discount interest rate determined by the last auction of 6-month U.S. treasury bills before an appeal or objection is filed under s. 70.995 (8) or 10% per year, whichever is less. If the taxpayer requests a postponement of proceedings before the reviewing authority, interest on the claim shall permanently stop accruing at the date of the request. If the hearing is postponed at the request of the taxpayer, the reviewing authority shall hold a hearing on the appeal within 30 days after the postponement is requested unless the taxpayer agrees to a longer delay. If the reviewing authority postpones the hearing without a request by the taxpayer, interest on the claim shall continue to accrue. No interest may be paid if the reviewing authority determines under s. 70.995 (8) (a) that the value of the property was reduced because the taxpayer supplied false or incomplete information. If taxes are refunded, the municipality may proceed under s. 74.41.

SB55-ASA1-AA1, s. 2117 Section 2117. 70.511 (2) (bm) of the statutes is created to read:

SB55-ASA1-AA1,575,21 70.511 (2) (bm) A municipality may pay a refund under par. (b) of the taxes on property that is assessed under s. 70.995 in 5 annual installments, each of which except the last is equal to at least 20% of the sum of the refund and the interest on the refund that is due, beginning on the date under par. (b), if all of the following conditions exist:

SB55-ASA1-AA1,575,23 1. The municipality's property tax levy for its general operations for the year for which the taxes to be refunded are due is less than $100,000,000.

SB55-ASA1-AA1,575,25 2. The refund is at least 0.0025% of the municipality's levy for its general operations for the year for which the taxes to be refunded are due.

SB55-ASA1-AA1,576,1 3. The refund is more than $10,000.