SB55-ASA1-AA1,571,138
70.32
(2r) (c) For the assessment as of the January 1 after the valuation method
9under par. (b) no longer applies and for each assessment thereafter, agricultural land
10shall be assessed according to the income that could be generated from its rental for
11agricultural use
, except that the agricultural land under sub. (2) (c) 1. b. shall be
12assessed as pasture land, as provided in the assessment manual published under s.
1373.03 (2a).".
SB55-ASA1-AA1,571,2318
70.32
(2) (c) 4. "Swampland or wasteland" means bog
,; marsh
,; lowland brush
,; 19uncultivated land zoned as shoreland under s. 59.692 and shown as a wetland on a
20final map under s.
23.32 278.32; undeveloped land that is not classified under this
21subsection as agricultural or as productive forest land and that is part of a parcel that
22is designated as managed forest land under subch. VI of ch. 77; or other
23nonproductive lands not otherwise classified under this subsection.
SB55-ASA1-AA1,572,8
170.375
(4) (o) Actual and necessary reclamation and restoration costs
2associated with a mine in this state, including payments for future reclamation and
3postmining costs which are required by law or by department of
natural resources 4environmental management order and fees and charges under chs. 281, 285 or 289
5to 299, except s. 281.48, not otherwise deductible under this section. Any refunds of
6escrowed or reserve fund payments allowed as a deduction under this paragraph
7shall be taxed as net proceeds at the average effective tax rate for the years the
8deduction was taken.
SB55-ASA1-AA1,572,1310
70.395
(2) (dc) 1. Each person intending to submit an application for a mining
11permit shall pay $50,000 to the department of revenue for deposit in the investment
12and local impact fund at the time that the person notifies the department of
natural
13resources environmental management under s. 293.31 (1) of that intent.
SB55-ASA1-AA1,572,2315
70.395
(2) (j) Prior to the beginning of a fiscal year, the board shall certify to
16the department of administration for payment from the investment and local impact
17fund any sum necessary for the department of
natural resources environmental
18management to make payments under s. 289.68 (3) for the long-term care of mining
19waste sites, if moneys in the waste management fund are insufficient to make
20complete payments during that fiscal year, but this sum may not exceed the balance
21in the waste management fund at the beginning of that fiscal year or 50% of the
22balance in the investment and local impact fund at the beginning of that fiscal year,
23whichever amount is greater.
SB55-ASA1-AA1,573,10
170.395
(2) (k) Prior to the beginning of each fiscal year, the board shall certify
2to the department of administration for payment from the investment and local
3impact fund any sum necessary for the department of
natural resources 4environmental management to make payments under s. 292.31 for the
5environmental repair of mining waste sites, if moneys in the environmental fund
6that are available for environmental repair are insufficient to make complete
7payments during that fiscal year. This sum may not exceed the balance in the
8environmental fund at the beginning of that fiscal year or 50% of the balance in the
9investment and local impact fund at the beginning of that fiscal year, whichever
10amount is greater.".
SB55-ASA1-AA1,573,2213
70.35
(1) To determine the amount and value of any personal property for
14which any person, firm or corporation should be assessed, any assessor may examine
15such person or the managing agent or officer of any firm or corporation under oath
16as to all such items of personal property, the taxable value thereof as defined in s.
1770.34 if the property is taxable and the
fair full market value
, as determined under
18s. 79.095 (3) (b), if the property is exempt under s. 70.11 (39). In the alternative the
19assessor may require such person, firm or corporation to submit a return of such
20personal property and of the taxable value thereof. There shall be annexed to such
21return the declaration of such person or of the managing agent or officer of such firm
22or corporation that the statements therein contained are true.
SB55-ASA1-AA1,574,12
170.35
(2) The return shall be made and all the information therein requested
2given by such person on a form prescribed by the assessor with the approval of the
3department of revenue which shall provide suitable schedules for such information
4bearing on value as the department deems necessary to enable the assessor to
5determine the true cash value of the taxable personal property
,; and
the full value 6of the personal property that is exempt under s. 70.11 (39),
as determined under s.
779.095 (3) (b); that is owned or in the possession of such person on January 1 as
8provided in s. 70.10. The return may contain methods of deriving assessable values
9from book values and for the conversion of book values to present values, and a
10statement as to the accounting method used. No person shall be required to take
11detailed physical inventory for the purpose of making the return required by this
12section.".
SB55-ASA1-AA1,575,1515
70.511
(2) (b) If the reviewing authority reduces the value of the property in
16question, or determines that manufacturing property is exempt, the taxpayer may
17file a claim for refund of taxes resulting from the reduction in value or determination
18that the property is exempt.
If Except as provided in par. (bm), if a claim for refund
19is filed with the clerk of the municipality on or before the November 1 following the
20decision of the reviewing authority, the claim shall be payable to the taxpayer from
21the municipality no later than January 31 of the succeeding year.
A Except as
22provided in par. (bm), a claim filed after November 1 shall be paid to the taxpayer by
23the municipality no later than the 2nd January 31 after the claim is filed.
Interest 24Except for claims related to property assessed under s. 70.995, interest on the claim
1at the rate of 0.8% per month shall be paid to the taxpayer when the claim is paid.
2Interest on claims related to property assessed under s. 70.995 shall be paid when
3the claim is made at the average annual discount interest rate determined by the last
4auction of 6-month U.S. treasury bills before an appeal or objection is filed under s.
570.995 (8) or 10% per year, whichever is less. If the taxpayer requests a
6postponement of proceedings before the reviewing authority, interest on the claim
7shall permanently stop accruing at the date of the request. If the hearing is
8postponed at the request of the taxpayer, the reviewing authority shall hold a
9hearing on the appeal within 30 days after the postponement is requested unless the
10taxpayer agrees to a longer delay. If the reviewing authority postpones the hearing
11without a request by the taxpayer, interest on the claim shall continue to accrue. No
12interest may be paid if the reviewing authority determines under s. 70.995 (8) (a) that
13the value of the property was reduced because the taxpayer supplied false or
14incomplete information. If taxes are refunded, the municipality may proceed under
15s. 74.41.
SB55-ASA1-AA1,575,2117
70.511
(2) (bm) A municipality may pay a refund under par. (b) of the taxes on
18property that is assessed under s. 70.995 in 5 annual installments, each of which
19except the last is equal to at least 20% of the sum of the refund and the interest on
20the refund that is due, beginning on the date under par. (b), if all of the following
21conditions exist:
SB55-ASA1-AA1,575,2322
1. The municipality's property tax levy for its general operations for the year
23for which the taxes to be refunded are due is less than $100,000,000.
SB55-ASA1-AA1,575,2524
2. The refund is at least 0.0025% of the municipality's levy for its general
25operations for the year for which the taxes to be refunded are due.
SB55-ASA1-AA1,576,1
13. The refund is more than $10,000.
SB55-ASA1-AA1,576,83
70.511
(2) (br) From the appropriation under s. 20.835 (2) (bm), the department
4of administration shall pay to each municipality that pays a refund under par. (b) for
5property that is assessed under s. 70.995 or that pays a refund under par. (bm) an
6amount equal to the interest that is paid by the municipality in the previous
7biennium and that has accrued up to the date of the determination by the tax appeals
8commission of the municipality's obligation.".
SB55-ASA1-AA1,576,1311
70.995
(12r) The department of revenue shall calculate the value of property
12that is used in manufacturing, as defined in this section, and that is exempt under
13s. 70.11 (39)
, as provided under s. 79.095 (3) (b).".
SB55-ASA1-AA1,580,189
71.01
(6) (pm) For taxable years beginning after December 31, 2000, and before
10January 1, 2002, for natural persons, fiduciaries, except fiduciaries of nuclear
11decommissioning trust or reserve funds, "Internal Revenue Code" means the federal
12Internal Revenue Code as amended by sections 411, 412 (a), 611 (a), 635, 636 (b), 641
13to 646, 655, 658, and 701 of P.L.
107-16 and as indirectly affected by sections 411,
14412 (a), 611 (a), 635, 636 (b), 641 to 646, 655, 658, and 701 of P.L.
107-16. The Internal
15Revenue Code applies for Wisconsin purposes at the same time as for federal
16purposes. Amendments to the federal Internal Revenue Code enacted after June 30,
172001, do not apply to this paragraph with respect to taxable years beginning after
18December 31, 2000, and before January 1, 2002.".
SB55-ASA1-AA1,580,2321
71.05
(1) (am)
Military retirement systems. All retirement payments, other
22than surviving spouse benefits, received from the U.S. military employee retirement
23system, to the extent that such payments are not exempt under par. (a).
