LRB-2561/1
JS:mfd:km
1997 - 1998 LEGISLATURE
March 20, 1997 - Introduced by Senators Grobschmidt, Plache, Farrow and
Burke, cosponsored by Representatives
Plale, Bock, Riley, La Fave,
Notestein, Boyle, Hahn, Kelso, Huber, Nass, Olsen and Turner. Referred to
Committee on Economic Development, Housing and Government Operations.
SB132,1,3
1An Act to repeal and recreate 75.36 (3) (a) 1. of the statutes;
relating to:
2deductions from the sales price of property that is sold because of delinquent
3property taxes.
Analysis by the Legislative Reference Bureau
Under current law, when a county or the city of Milwaukee sells property
because the taxes on it are delinquent, the county or city may deduct from the sales
price and retain for itself the expenses that it incurs to obtain marketable title
(except personnel costs); real estate agent and broker fees; and unpaid taxes, special
assessments, special charges and special taxes, including interest and penalties on
those unpaid amounts.
This bill allows a deduction for a number of additional costs incurred to prepare
the property for sale and to sell it, including personnel costs associated with those
additional costs.
For further information see the 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:
SB132, s. 1
4Section
1. 75.36 (3) (a) 1. of the statutes is repealed and recreated to read:
SB132,2,5
175.36
(3) (a) 1. The following costs, including personnel costs associated with
2them: foreclosure costs, maintenance costs, record keeping costs, legal costs,
3board-up costs, clean-up costs, landscaping costs, demolition costs, advertising
4costs, title insurance costs and all other costs of the sale except the costs under subd.
53.
SB132,2,87
(1) This act first applies to sales of property the taxes on which become
8delinquent on the effective date of this subsection.
