LRB-5818/1
KP:wlj
2023 - 2024 LEGISLATURE
February 13, 2024 - Introduced by Senators James and Spreitzer, cosponsored by
Representatives Novak, Haywood, Allen, Baldeh, Bare, Emerson, Jacobson,
Moore Omokunde, O'Connor, Sinicki and Subeck. Referred to Committee on
Universities and Revenue.
SB1023,1,3
1An Act to create 70.11 (38v) of the statutes;
relating to: a property tax
2exemption for the Wisconsin Housing and Economic Development Authority
3headquarters.
Analysis by the Legislative Reference Bureau
This bill exempts land and buildings owned by the Wisconsin Housing and
Economic Development Authority and used as its corporate headquarters, including
associated parking facilities, from the property tax.
Because this bill relates to an exemption from state or local taxes, it may be
referred to the Joint Survey Committee on Tax Exemptions for a report to be printed
as an appendix to the 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:
SB1023,1
4Section
1. 70.11 (38v) of the statutes is created to read:
SB1023,2,35
70.11
(38v) Wisconsin Housing and Economic Development Authority
6headquarters. Land and buildings on that land owned by the Wisconsin Housing
1and Economic Development Authority and used exclusively as either the corporate
2headquarters of the Wisconsin Housing and Economic Development Authority or the
3parking facilities associated with those headquarters.
SB1023,2
4Section
2.
Initial applicability.
SB1023,2,65
(1)
WHEDA headquarters. The treatment of s. 70.11 (38v) first applies to the
6property tax assessments as of January 1, 2024.
