76.05(2)(2) Upon a showing by the department under s. 73.16 (4), no company shall be allowed in any action or proceeding to question the amount or valuation of its property as assessed by the department unless such company shall have made and filed with the department a full and complete report of the facts and information prescribed by s. 76.04 and called for by the department thereunder. If the department has not made a showing under s. 73.16 (4), the company shall make a full and complete report of all facts and information mentioned in said s. 76.04 within 15 days after notice by mail of the amount of the assessment of the property of such company, and shall appear before the department at a time designated by it and make a full disclosure of all property liable to assessment and taxation under this subchapter and show the full value of such property to the satisfaction of the department. 76.0676.06 General powers of investigation. In any matter material to the valuation, assessment or taxation of property under this subchapter, the department may, in its discretion, exercise any and all of the powers conferred upon it by ss. 73.03 and 73.04 (1); and every state, county, city, village, town and other public officer shall make return to the department in such form as it shall prescribe, of all information it shall call for. Persons serving the process of the department shall receive the same compensation allowed by law to sheriffs for similar service; and persons appearing before the department in obedience to its summons shall, in the discretion of the department, receive the same compensation as a witness in the circuit court; such fees and compensation to be audited by the department of administration on the certificate of the department, and charged to the proper appropriation for the department of revenue. The records, books, accounts and papers of any company defined in s. 76.02 to be assessed under this subchapter, except as otherwise provided, shall be subject to the visitation, inspection and examination by said department or by such person as it may designate for that purpose. 76.06 HistoryHistory: 1979 c. 102 s. 236 (1). 76.07(1)(1) Duty of department. The department on or before September 15 in each year shall, according to its best knowledge and judgment, ascertain and determine the full market value of the property of each company within the state. 76.07(2)(2) Relation to state valuation; description. The value of the property of each company for assessment shall be made on the same basis and for the same period of time, as near as may be, as the value of the general property of the state is ascertained and determined. The department shall prepare an assessment roll and place thereon after the name of each company assessed, the following general description of the property of such company, which the department shall deem and hold to include the entire property and franchises of the company specified and all title and interest therein: “Real estate, right-of-way, tracks, stations, terminals, appurtenances, franchises, and all other real estate and personal property of the company,” in the case of railroads, and “Real estate, right-of-way, poles, wires, conduits, cables, devices, appliances, instruments, franchises, and all other real and personal property of the company,” in the case of conservation and regulation companies, and “Real estate, appurtenances, rolling stock, equipment, franchises, and all other real estate and personal property of the company,” in the case of air carrier companies, and “Land and land rights, structures, improvements, mains, pumping and regulation equipment, services, appliances, instruments, franchises, and all other real and personal property of the company,” in the case of pipeline companies. 76.07(3)(3) Assessment. For the purpose of determining the full market value of the property of each company appearing on the assessment roll, the department may view and inspect the property of such company and shall consider the reports filed in compliance with s. 76.04 and the reports and returns of the company filed in the office of any officer of this state, and other evidence or information bearing upon the full market value of the property of the company assessed. In case of companies which own or use property lying partly within and partly without the state, the department shall value and assess only the property within this state, using the methods under subs. (4g) and (4r). When the full market value of the property of a company within this state has been determined, the amount shall be entered upon the assessment roll opposite the name of the company and shall be the assessment of the entire property of such company within this state for the levy of taxes thereon, subject to review and correction. The department shall thereupon give notice by certified mail to each company assessed of the amount of its assessment as entered upon such roll. 76.07(4g)(4g) Determining the property in this state. The department shall determine the property in this state of railroad companies, air carrier companies, pipeline companies and telephone companies in the following manner: 76.07(4g)(a)1.1. Determine the ton miles of revenue freight handled in this state. 76.07(4g)(a)2.2. Divide the amount under subd. 1. by the ton miles of revenue freight handled everywhere. 76.07(4g)(a)4.4. Determine the number of cars originated, terminated, received at connections, delivered at connections or otherwise handled in this state. 76.07(4g)(a)5.5. Divide the amount under subd. 4. by the number of cars originated, terminated, received at connections, delivered at connections or otherwise handled everywhere. 76.07(4g)(a)7.7. Determine the tons of revenue freight on line, both originated and terminated, and at connections, both received and delivered, in this state. 76.07(4g)(a)8.8. Divide the amount under subd. 7. by the tons of revenue freight on line, both originated and terminated, and at connections, both received and delivered, everywhere. 76.07(4g)(a)10.10. Determine the depreciated cost of real property owned or rented by the company and used in the operation of the company’s business in this state. 76.07(4g)(a)13.13. Divide the amount under subd. 10. by the depreciated cost of real property everywhere. 76.07(4g)(a)16.16. Multiply the fraction under subd. 15. by the full market value of the company’s property everywhere. 76.07(4g)(b)(b) Air carrier companies. For air carrier companies: 76.07(4g)(b)1.1. Determine the depreciated original cost of the real and tangible personal property owned or rented by the company in this state and used in the operation of the company’s business. 76.07(4g)(b)2.2. Determine the depreciated original cost of the company’s migratory tangible personal property owned or rented by the company and used in the operation of the company’s business. 76.07(4g)(b)3.3. Multiply the amount under subd. 2. by a fraction the numerator of which is the total of flight hours in this state and the denominator of which is the flight hours everywhere. 76.07(4g)(b)5.5. Divide the amount under subd. 4. by the depreciated original cost of the real and tangible personal property owned or rented by the company everywhere and used in the operation of the company’s business. 76.07(4g)(b)7.7. Determine transport revenue by adding revenue received for transporting passengers and property on flights either originating at, or connecting at, airports in this state. 76.07(4g)(b)8.8. Determine transport-related revenue by adding public service revenue allocated to this state on the basis of routes for which the company is authorized to receive subsidy payments, mutual aid allocated to this state on the basis of the ratio of transport revenues allocated to this state to transport revenues everywhere in the previous year, in-flight sales allocated to this state as they are allocated under s. 77.522 and all other transport-related revenues from sales made in this state. 76.07(4g)(b)9.9. Divide the sum of the amounts under subds. 7. and 8. by the transport and transport-related revenues everywhere. 76.07(4g)(b)11.11. Determine the tons of revenue passengers and revenue cargo first received either as originating traffic or as connecting traffic in this state or finally discharged by the company in this state. 76.07(4g)(b)12.12. Determine the tons of revenue passengers and revenue cargo received or finally discharged at airports everywhere. 76.07(4g)(b)16.16. Multiply the fraction under subd. 15. by the full market value of the company’s property everywhere. 76.07(4g)(c)(c) Natural gas pipelines. For natural gas pipelines, except liquefied gas pipelines: 76.07(4g)(c)1.1. Determine the gross cost of gas plant in service in this state, except motor vehicles exempt from the property tax under s. 70.112 (5), and of all other property owned or rented by the company and used in the operation of the company’s business in this state and included in the base for purposes of rate regulation by the federal energy regulatory commission. 76.07(4g)(c)2.2. Determine the gross cost of gas plant in service everywhere, except motor vehicles specified under s. 70.112 (5), and of all other property owned or rented by the company and used in the operation of the company’s business everywhere and included in the base for purposes of rate regulation by the federal energy regulatory commission. 76.07(4g)(c)4.4. Multiply the fraction under subd. 3. by the full market value of the company’s property everywhere. 76.07(4g)(d)(d) Other pipeline companies. For pipeline companies except those under par. (c): 76.07(4g)(d)1.1. Determine the gross cost of line of pipe owned or rented by the company and used in the operation of the company’s business in this state. 76.07(4g)(d)2.2. Determine the gross cost of line of pipe owned or rented by the company and used in the operation of the company’s business everywhere. 76.07(4g)(d)6.6. Determine the barrel miles transported in this state. 76.07(4g)(d)10.10. Determine the number of barrels received and delivered in this state. 76.07(4g)(d)11.11. Determine the number of barrels received and delivered everywhere. 76.07(4g)(d)15.15. Determine the gross cost of all property owned or rented by the company and used in the company’s business everywhere. 76.07(4g)(d)18.18. Determine the gross cost of property owned or rented by the company and used in the operation of the company’s business other than pipe in this state. 76.07(4g)(d)19.19. Determine the gross cost of all property owned or rented by the company and used in the operation of the company’s business everywhere. 76.07(4g)(d)22.22. Multiply the fraction under subd. 21. by the full market value of the company’s property everywhere. 76.07(4r)(4r) Adjustment of factors. In making the determinations under sub. (4g), the department may adjust any factor or use any other factor in order to reflect more accurately the company’s property in this state if in the department’s judgment the factor or combination of factors does not produce a substantially just and correct determination or if during the 12 months preceding the assessment date any of the following conditions applies: 76.07(4r)(a)(a) The company began operating in this state and the results of its operations during the first year materially distort the allocation of property to this state. 76.07(4r)(b)(b) The company’s service was interrupted so that the allocation of property to this state is materially distorted. 76.07(4r)(c)(c) The company acquired or disposed of assets having a substantial value that are situated so as materially to distort the allocation of property to this state. 76.07(4r)(d)(d) Another event occurred which materially distorted the allocation of property to this state. 76.07(5)(a)(a) The full market value of the operating property of a company listed in s. 76.01 shall be determined by applying recognized appraisal methods, which may include, but are not limited to, the capitalized income, cost, and stock and debt indicators of value, regardless of the method of accounting for legitimate business purposes used by the taxpayer. The department shall give due consideration to generally accepted accounting principles and regulated accounting practices. 76.07(5)(b)(b) The department shall promulgate rules relating to the general principles of the indicators of value under par. (a). 76.07 Cross-referenceCross-reference: See also s. Tax 6.50, Wis. adm. code. 76.07 AnnotationA railroad’s working capital was properly assessed as operating property. The valuation of railroads is discussed. Soo Line Railroad Co. v. DOR, 97 Wis. 2d 56, 292 N.W.2d 869 (1980). 76.07476.074 Property exempt from assessment. 76.074(1)(a)(a) Notwithstanding s. 76.02, “air carrier company” means any person engaged in the business of transportation in aircraft of persons or property for hire on regularly scheduled flights. In this paragraph, “aircraft” has the meaning given in s. 76.02 (1). 76.074(1)(b)1.1. A facility at an airport from which an air carrier company operated at least 45 common carrier departing flights each weekday in the prior year and from which it transported passengers to at least 15 nonstop destinations, as defined by rule by the department, or transported cargo to nonstop destinations, as defined by rule by the department. 76.074(1)(b)2.2. An airport or any combination of airports in this state from which an air carrier company cumulatively operated at least 20 common carrier departing flights each weekday in the prior year, if the air carrier company’s headquarters, as defined by rule by the department, is in this state. 76.074(2)(2) Property owned by an air carrier company that operates a hub facility in this state, if the property is used in the operation of the air carrier company, is exempt from taxation under this subchapter and from local assessment and taxation. 76.074(3)(3) For assessments after January 1, 2024, the personal property, as defined in s. 70.04, of a railroad company is exempt from taxation under this subchapter and from local assessment and taxation.
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