LRB-2399/2
JS:mfd:jf
1997 - 1998 LEGISLATURE
February 25, 1997 - Introduced by Senators Ellis, Panzer, Wineke, Rude, Cowles,
Farrow, Plache, Moen, Drzewiecki, A. Lasee, Shibilski, Clausing, Wirch and
Risser, cosponsored by Representatives
Freese, R. Young, Urban, Black,
Ziegelbauer, Skindrud, Morris-Tatum, Musser, Springer, Goetsch, Lazich,
Hahn, Murat, La Fave, Schafer, Gronemus, Otte, Green, Baldwin, Dobyns
and F. Lasee. Referred to Joint survey committee on Tax Exemptions.
SB93,1,2
1An Act to amend 70.11 (36) of the statutes;
relating to: the property tax
2exemption for professional sports home stadiums.
Analysis by the Legislative Reference Bureau
This bill narrows the property tax exemption for professional home stadiums
so that it includes only stadiums and parking lots.
This bill will be referred to the joint survey committee on tax exemptions for a
detailed analysis, which will be printed as an appendix to this bill.
For further information see the state and 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:
SB93, s. 1
3Section
1. 70.11 (36) of the statutes is amended to read:
SB93,2,84
70.11
(36) (title)
Professional sports
and entertainment home stadiums. 5Property consisting of or contained in a sports and entertainment Sports home
6stadium; stadiums, including
but not limited to parking lots,
garages, restaurants,
7parks, concession facilities, entertainment facilities, transportation facilities, and
1other functionally related or auxiliary facilities and structures; and including
those
2facilities and structures parking lots and stadiums while they are being built
;
3constructed by, leased to or, if the property is being built for use by or is primarily
4used by a professional athletic team that is a member of a league that includes teams
5that have home stadiums in other states, and the land on which that stadium and
6those
structures and facilities parking lots are located. Leasing or subleasing the
7property; regardless of the lessee, the sublessee and the use of the leasehold income;
8does not render the property taxable.
SB93,2,1010
(1)
This act takes effect on the January 1 after publication.
