Wisconsin 2023-2024 Regular Session

Wisconsin Assembly Bill AB1089 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	Date of enactment:
2		-	2023 Assembly Bill 1089 Date of publication*:
3		-	2023 WISCONSIN ACT
4		-	AN ACT to renumber and amend 77.60 (1) (a) and 77.60 (1) (b); to amend 70.38 (1m), 71.03 (7) (intro.), 71.24
5		-	(7) (a), 71.44 (3) (a), 71.775 (4) (bm) 1., 71.775 (4) (bm) 2., 71.775 (4) (em), 71.82 (1), 71.82 (2) (b), 71.82 (2) (d),
6		-	71.84 (1), 71.84 (2) (a), 71.84 (2) (b), 71.84 (2) (c), 71.90 (1), 71.91 (6) (e) 3., 71.91 (6) (f) 5., 73.03 (6), 76.075, 76.13
7		-	(2), 76.13 (2a), 76.13 (3), 76.22 (2), 76.28 (4) (a), 76.28 (4) (b), 76.28 (11), 76.39 (4) (d), 76.48 (5), 77.59 (6) (c),
8		-	77.96 (5), 78.68 (1), 139.25 (1), 139.44 (9), 168.12 (6) (c), 168.12 (6) (d) 2., 168.12 (6) (e) 1. and 168.12 (6) (e) 3.;
9		-	and to create 77.60 (1) (b) 2. of the statutes; relating to: interest rates on late, nondelinquent taxes and on overpay-
10		-	ments.
11		-	The people of the state of Wisconsin, represented in
12		-	senate and assembly, do enact as follows:
13		-	SECTION 1. 70.38 (1m) of the statutes is amended to
14		-	read:
15		-	70.38 (1m) ESTIMATED LIABILITY. Upon written
16		-	request and for sufficient reason shown, the department
17		-	shall allow a person subject to the tax under s. 70.375 to
18		-	file, on or before June 15, a net proceeds tax return and
19		-	to pay that tax based upon estimated tax liability. On or
20		-	before September 15, that person shall file a final report
21		-	and pay any additional tax due along with interest at the
22		-	rate of 1 0.5 percent per month from June 15 until the
23		-	date of payment. If the additional tax exceeds 10 percent
24		-	of the person’s tax under s. 70.375 for the previous year,
25		-	the penalty and interest under s. 70.39 (1) apply. If the
26		-	final report indicates that the person overpaid the per-
27		-	son’s liability, the department shall refund the overpay-
28		-	ment.
29		-	SECTION 2. 71.03 (7) (intro.) of the statutes is
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	3	+	2023 - 2024 LEGISLATURE
	4	+	2023 ASSEMBLY BILL 1089
	5	+	February 13, 2024 - Introduced by Representative WITTKE, cosponsored by Senator
	6	+	MARKLEIN. Referred to Committee on State Affairs.
	7	+	*AUTHORS SUBJECT TO CHANGE*
	8	+	AN ACT to renumber and amend 77.60 (1) (a) and 77.60 (1) (b); to amend 70.38
	9	+	(1m), 71.03 (7) (intro.), 71.24 (7) (a), 71.44 (3) (a), 71.775 (4) (bm) 1., 71.775 (4)
	10	+	(bm) 2., 71.775 (4) (em), 71.82 (1), 71.82 (2) (b), 71.82 (2) (d), 71.84 (1), 71.84 (2)
	11	+	(a), 71.84 (2) (b), 71.84 (2) (c), 71.90 (1), 71.91 (6) (e) 3., 71.91 (6) (f) 5., 73.03 (6),
	12	+	76.075, 76.13 (2), 76.13 (2a), 76.13 (3), 76.22 (2), 76.28 (4) (a), 76.28 (4) (b), 76.28
	13	+	(11), 76.39 (4) (d), 76.48 (5), 77.59 (6) (c), 77.96 (5), 78.68 (1), 139.25 (1), 139.44
	14	+	(9), 168.12 (6) (c), 168.12 (6) (d) 2., 168.12 (6) (e) 1. and 168.12 (6) (e) 3.; and to
	15	+	create 77.60 (1) (b) 2. of the statutes; relating to: interest rates on late,
	16	+	nondelinquent taxes and on overpayments.
	17	+	Analysis by the Legislative Reference Bureau
	18	+	This bill modifies the interest rates applicable to various late, nondelinquent
	19	+	taxes and fees owed to the Department of Revenue and to overpayments for those
	20	+	taxes and fees that are refunded by DOR. Under current law, generally, late,
	21	+	nondelinquent taxes or fees administered by DOR are subject to an interest rate of
	22	+	12 percent per year, and DOR must pay interest at the rate of 3 percent per year on
	23	+	refunds of overpayments of those taxes or fees. Under the bill, the interest rate for
	24	+	late, nondelinquent taxes or fees administered by DOR is 6 percent per year, and
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	35	+	ASSEMBLY BILL 1089
	36	+	DOR must pay interest at the rate of 6 percent per year on refunds of overpayments.
	37	+	The bill applies to the following taxes and fees: 1) the individual income and
	38	+	corporate income and franchise tax; 2) the withholding; 3) the sales and use tax; 4)
	39	+	taxes paid by utilities and insurers; 5) excises taxes on motor vehicle fuel, alcohol
	40	+	beverages, and cigarettes, tobacco, and vapor products; 6) the economic development
	41	+	surcharge; 7) the petroleum inspection fee; 8) the metalliferous mining tax; and 9)
	42	+	the charge imposed by DOR on a city, village, town, or county for the expenses
	43	+	incurred by DOR in examining city, village, town, or county records regarding the
	44	+	assessment of property upon failure to return information requested by DOR.
	45	+	Also, current law requires that an interest rate of 12 percent per year apply to
	46	+	delinquent individual income and corporate income and franchise taxes in instances
	47	+	in which the secretary of DOR determines that reduction from an interest rate of 1.5
	48	+	percent per month for such delinquent taxes is fair and equitable. The bill requires
	49	+	that an interest rate of 6 percent per year apply to such delinquent taxes in instances
	50	+	in which the DOR secretary determines that the reduction is fair and equitable.
	51	+	For further information see the state fiscal estimate, which will be printed as
	52	+	an appendix to this bill.
	53	+	The people of the state of Wisconsin, represented in senate and assembly, do
	54	+	enact as follows:
	55	+	SECTION 1. 70.38 (1m) of the statutes is amended to read:
	56	+	70.38 (1m) ESTIMATED LIABILITY. Upon written request and for sufficient reason
	57	+	shown, the department shall allow a person subject to the tax under s. 70.375 to file,
	58	+	on or before June 15, a net proceeds tax return and to pay that tax based upon
	59	+	estimated tax liability. On or before September 15, that person shall file a final report
	60	+	and pay any additional tax due along with interest at the rate of 1 0.5 percent per
	61	+	month from June 15 until the date of payment. If the additional tax exceeds 10
	62	+	percent of the person's tax under s. 70.375 for the previous year, the penalty and
	63	+	interest under s. 70.39 (1) apply. If the final report indicates that the person overpaid
	64	+	the person's liability, the department shall refund the overpayment.
	65	+	SECTION 2. 71.03 (7) (intro.) of the statutes is amended to read:
	66	+	71.03 (7) EXTENSION OF TIME TO FILE. (intro.) Returns of natural persons and
	67	+	fiduciaries that require a statement of amounts or information contained or entered
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	83	+	SECTION 2
	84	+	ASSEMBLY BILL 1089
	85	+	on a corresponding return under the internal revenue code shall be filed within the
	86	+	time fixed under that code for filing of the corresponding federal return. Any
	87	+	extension of time granted by law or by the internal revenue service for the filing of
	88	+	that corresponding federal return extends the time for filing under this chapter if a
	89	+	copy of the taxpayer's application to the internal revenue service requesting the
	90	+	extension is filed with the return under this chapter or if a copy of any request for
	91	+	an extension required by the internal revenue service is filed with the return under
	92	+	this chapter or at an earlier date that the department prescribes by rule and if the
	93	+	taxpayer pays the Wisconsin tax in the manner applicable to federal income taxes
	94	+	under the internal revenue code. Taxes payable upon the filing of the return do not
	95	+	become delinquent during the period of an extension but are subject to interest at the
	96	+	rate of 12 6 percent per year during such period except as follows:
	97	+	SECTION 3. 71.24 (7) (a) of the statutes is amended to read:
	98	+	71.24 (7) (a) In the case of a corporation required to file a return, the
	99	+	department of revenue shall allow an automatic extension of 7 months or until the
	100	+	original due date of the corporation's corresponding federal return, whichever is
	101	+	later. Any extension of time granted by law or by the internal revenue service for the
	102	+	filing of corresponding federal returns shall extend the time for filing under this
	103	+	subchapter to 30 days after the federal due date if the corporation reports the
	104	+	extension in the manner specified by the department on the return. Except for
	105	+	payments of estimated taxes, income or franchise taxes payable upon the filing of the
	106	+	tax return shall not become delinquent during such extension period, but shall,
	107	+	except as provided in par. (b), be subject to interest at the rate of 12 6 percent per year
	108	+	during such period.
	109	+	SECTION 4. 71.44 (3) (a) of the statutes is amended to read:
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	136	+	SECTION 4 ASSEMBLY BILL 1089
	137	+	71.44 (3) (a) In the case of a corporation required to file a return, the
	138	+	department of revenue shall allow an automatic extension of 7 months or until the
	139	+	original due date of the corporation's corresponding federal return, whichever is
	140	+	later. Any extension of time granted by law or by the internal revenue service for the
	141	+	filing of corresponding federal returns shall extend the time for filing under this
	142	+	subchapter to 30 days after the federal due date if the corporation reports the
	143	+	extension in the manner specified by the department on the return. Except for
	144	+	payments of estimated taxes, income or franchise taxes payable upon the filing of the
	145	+	tax return shall not become delinquent during such extension period, but shall,
	146	+	except as provided in par. (b), be subject to interest at the rate of 12 6 percent per year
	147	+	during such period.
	148	+	SECTION 5. 71.775 (4) (bm) 1. of the statutes is amended to read:
	149	+	71.775 (4) (bm) 1. For the return under par. (a), the department shall allow an
	150	+	automatic extension of 7 months or until the corresponding due date of the
	151	+	pass-through entity's federal income tax return or return of partnership income,
	152	+	whichever is later. Except for payments of estimated taxes, and except as provided
	153	+	in subd. 2., withholding taxes payable upon filing the return are not delinquent
	154	+	during the extension period but shall be subject to interest at the rate of 12 6 percent
	155	+	per year during that period.
	156	+	SECTION 6. 71.775 (4) (bm) 2. of the statutes is amended to read:
	157	+	71.775 (4) (bm) 2. For taxable years beginning after December 31, 2008, for
	158	+	persons who qualify for a federal extension of time to file under 26 USC 7508A due
	159	+	to a presidentially declared disaster or terroristic or military action, withholding
	160	+	taxes that are otherwise due from a pass-through entity under sub. (2) are not
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	187	+	SECTION 6
	188	+	ASSEMBLY BILL 1089
	189	+	subject to 12 6 percent interest as otherwise provided under subd. 1. during the
	190	+	extension period and for 30 days after the end of the federal extension period.
	191	+	SECTION 7. 71.775 (4) (em) of the statutes is amended to read:
	192	+	71.775 (4) (em) Except as provided in par. (fm), in the case of any underpayment
	193	+	of estimated withholding taxes under par. (cm), interest shall be added to the
	194	+	aggregate withholding tax for the taxable year at the rate of 12 6 percent per year
	195	+	on the amount of the underpayment for the period of the underpayment. In this
	196	+	paragraph, “period of the underpayment" means the time period beginning with the
	197	+	due date of the installment and ending on either the unextended due date of the
	198	+	return under par. (a) or the date of payment, whichever is earlier. If 90 percent of
	199	+	the tax due under sub. (2) for the taxable year is not paid by the unextended due date
	200	+	of the return under par. (a), the difference between that amount and the estimated
	201	+	taxes paid, along with any interest due, shall accrue delinquent interest in the same
	202	+	manner as income and franchise taxes under s. 71.82 (2) (a).
	203	+	SECTION 8. 71.82 (1) of the statutes is amended to read:
	204	+	71.82 (1) NORMAL. (a) In assessing taxes interest shall be added to such taxes
	205	+	at 12 6 percent per year from the date on which such taxes if originally assessed
	206	+	would have become delinquent if unpaid, to the date on which such taxes when
	207	+	subsequently assessed will become delinquent if unpaid.
	208	+	(b) Except as otherwise specifically provided, in crediting overpayments of
	209	+	income and surtaxes against underpayments or against taxes to be subsequently
	210	+	collected and in certifying refunds of such taxes interest shall be added at the rate
	211	+	of 3 6 percent per year from the date on which such taxes when assessed would have
	212	+	become delinquent if unpaid to the date on which such overpayment was certified for
	213	+	refund except that if any overpayment of tax is certified for refund within 90 days
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	240	+	SECTION 8 ASSEMBLY BILL 1089
	241	+	after the last date prescribed for filing the return of such tax or 90 days after the date
	242	+	of actual filing of the return of such tax, whichever occurs later, no interest shall be
	243	+	allowed on such overpayment. For purposes of this section the return of such tax
	244	+	shall not be deemed actually filed by an employee unless and until the employee has
	245	+	included the written statement required to be filed under s. 71.65 (1). However when
	246	+	any part of a tax paid on an estimate of income, whether paid in connection with a
	247	+	tentative return or not, is refunded or credited to a taxpayer, such refund or credit
	248	+	shall not draw interest.
	249	+	(c) Any assessment made as a result of the adjustment or disallowance of a
	250	+	claim for credit under s. 71.07, 71.28 or 71.47 or subch. VIII or IX, except as provided
	251	+	in sub. (2) (c), shall bear interest at 12 6 percent per year from the due date of the
	252	+	claim.
	253	+	SECTION 9. 71.82 (2) (b) of the statutes is amended to read:
	254	+	71.82 (2) (b) Department may reduce delinquent interest. The department shall
	255	+	provide by rule for reduction of interest under par. (a) to 12 6 percent per year in
	256	+	stated instances wherein the secretary of revenue determines that reduction is fair
	257	+	and equitable.
	258	+	SECTION 10. 71.82 (2) (d) of the statutes is amended to read:
	259	+	71.82 (2) (d) Withholding tax. Of the amounts required to be withheld any
	260	+	amount not deposited or paid over to the department within the time required shall
	261	+	be deemed delinquent and deposit reports or withholding reports filed after the due
	262	+	date shall be deemed late. Delinquent deposits or payments shall bear interest at
	263	+	the rate of 1.5 percent per month from the date deposits or payments are required
	264	+	under this section until deposited or paid over to the department. The department
	265	+	shall provide by rule for reduction of interest on delinquent deposits to 12 6 percent
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	293	+	SECTION 10
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	295	+	per year in stated instances wherein the secretary of revenue determines reduction
	296	+	fair and equitable. In the case of a timely filed deposit or withholding report,
	297	+	withheld taxes shall become delinquent if not deposited or paid over on or before the
	298	+	due date of the report. In the case of no report filed or a report filed late, withheld
	299	+	taxes shall become delinquent if not deposited or paid over by the due date of the
	300	+	report. In the case of an assessment under s. 71.83 (1) (b) 2., the amount assessed
	301	+	shall become delinquent if not paid on or before the first day of the calendar month
	302	+	following the calendar month in which the assessment becomes final, but if the
	303	+	assessment is contested before the tax appeals commission or in the courts, it shall
	304	+	become delinquent on the 30th day following the date on which the order or judgment
	305	+	representing final determination becomes final.
	306	+	SECTION 11. 71.84 (1) of the statutes is amended to read:
	307	+	71.84 (1) INDIVIDUALS AND FIDUCIARIES. Except as provided in s. 71.09 (11), in
	308	+	the case of any underpayment of estimated tax by an individual, estate or trust,
	309	+	except as provided under s. 71.09, there shall be added to the aggregate tax for the
	310	+	taxable year interest at the rate of 12 6 percent per year on the amount of the
	311	+	underpayment for the period of the underpayment. In this subsection, “the period
	312	+	of the underpayment" means the time period from the due date of the installment
	313	+	until either the 15th day of the 4th month beginning after the end of the taxable year
	314	+	or the date of payment, whichever is earlier.
	315	+	SECTION 12. 71.84 (2) (a) of the statutes is amended to read:
	316	+	71.84 (2) (a) Except as provided in s. 71.29 (7), in the case of any underpayment
	317	+	of estimated tax by a corporation under s. 71.29 or 71.48, there shall be added to the
	318	+	aggregate tax for the taxable year interest at the rate of 12 6 percent per year on the
	319	+	amount of the underpayment for the period of the underpayment. In this paragraph,
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	346	+	SECTION 12 ASSEMBLY BILL 1089
	347	+	“period of the underpayment" means the time period from the due date of the
	348	+	installment until either the date on which the corporation is required to file for
	349	+	federal income tax purposes, not including any extension, under the Internal
	350	+	Revenue Code or the date of payment, whichever is earlier. If 90 percent of the tax
	351	+	shown on the return is not paid by the date on which the corporation is required to
	352	+	file for federal income tax purposes, not including any extension, under the Internal
	353	+	Revenue Code, the difference between that amount and the estimated taxes paid,
	354	+	along with any interest due, shall accrue delinquent interest under s. 71.91 (1) (a).
	355	+	SECTION 13. 71.84 (2) (b) of the statutes is amended to read:
	356	+	71.84 (2) (b) For corporations that are subject to a tax under this chapter on
	357	+	unrelated business taxable income, as defined under section 512 of the internal
	358	+	revenue code, and virtually exempt entities, “period of the underpayment" means the
	359	+	time period from the due date of the installment until either the 15th day of the 5th
	360	+	month beginning after the end of the taxable year or the date of payment, whichever
	361	+	is earlier. If 90 percent of the tax shown on the return is not paid by the 15th day of
	362	+	the 5th month following the close of the taxable year, the difference between that
	363	+	amount and the estimated taxes paid along with any interest due, shall accrue
	364	+	delinquent interest under s. 71.91 (1) (a).
	365	+	SECTION 14. 71.84 (2) (c) of the statutes is amended to read:
	366	+	71.84 (2) (c) If a refund under s. 71.29 (3m) results in an income or franchise
	367	+	tax liability that is greater than the amount of estimated taxes paid when reduced
	368	+	by the amount of the refund, the taxpayer shall add to the aggregate tax for the
	369	+	taxable year interest at an annual rate of 12 6 percent on the amount of the unpaid
	370	+	tax liability for the period beginning on the date the refund is issued and ending on
	371	+	either the date on which the taxpayer is required to file for federal income tax
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	401	+	purposes, not including any extension, under the Internal Revenue Code or the date
	402	+	the tax liability is paid, whichever is earlier.
	403	+	SECTION 15. 71.90 (1) of the statutes is amended to read:
	404	+	71.90 (1) DEPOSIT. The department shall notify any person who files a petition
	405	+	for redetermination that the person may deposit the amount of an additional
	406	+	assessment, including any interest or penalty, with the department, or with a person
	407	+	that the department prescribes, at any time before the department makes its
	408	+	redetermination. The department shall notify spouses jointly except that, if the
	409	+	spouses have different addresses and if either spouse notifies the department in
	410	+	writing of those addresses, the department shall serve a duplicate of the original
	411	+	notice on the spouse who has the address other than the address to which the original
	412	+	notice was sent. Amounts deposited under this subsection shall be subject to the
	413	+	interest provided by s. 71.82 only to the extent of the interest accrued prior to the first
	414	+	day of the month succeeding the date of deposit. Any deposited amount which is
	415	+	refunded shall bear interest at the rate of 3 6 percent per year during the time the
	416	+	funds were on deposit. A person may also pay any portion of an assessment which
	417	+	is admitted to be correct and the payment shall be considered an admission of the
	418	+	validity of that portion of the assessment and may not be recovered in an appeal or
	419	+	in any other action or proceeding.
	420	+	SECTION 16. 71.91 (6) (e) 3. of the statutes is amended to read:
	421	+	71.91 (6) (e) 3. For purposes of an adjudication under this paragraph, the
	422	+	assessment of the tax upon which the interest or lien of the department is based is
	423	+	conclusively presumed to be valid. Interest shall be allowed for judgments under this
	424	+	paragraph at the rate of 12 6 percent per year from the date the department receives
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	449	+	KP:skw
	450	+	SECTION 16 ASSEMBLY BILL 1089
	451	+	the money wrongfully levied upon to the date of payment of the judgment or from the
	452	+	date of sale to the date of payment.
	453	+	SECTION 17. 71.91 (6) (f) 5. of the statutes is amended to read:
	454	+	71.91 (6) (f) 5. Before the sale, the department shall determine a minimum
	455	+	price for which the property shall be sold. If no person offers for that property at the
	456	+	sale at least the amount of the minimum price, the state shall purchase the property
	457	+	for the minimum price; otherwise, the property shall be sold to the highest bidder.
	458	+	In determining the minimum price, the department shall take into account the
	459	+	expense of making the levy and sale in addition to the value of the property. If
	460	+	payment in full is required at the time of acceptance of a bid and is not paid then, the
	461	+	department shall sell the property in the manner provided under this paragraph.
	462	+	If the conditions of the sale permit part of the payment to be deferred and if that part
	463	+	is not paid within the prescribed period, the department may sue the purchaser in
	464	+	the circuit court for Dane County for the unpaid part of the purchase price and
	465	+	interest at the rate of 12 6 percent per year from the date of the sale or the department
	466	+	may declare the sale void and may sell the property again under this paragraph. If
	467	+	the property is sold again, the 2nd purchaser shall receive it free of any claim of the
	468	+	defaulting purchaser and the amount paid upon the bid price by the defaulting
	469	+	purchaser is forfeited.
	470	+	SECTION 18. 73.03 (6) of the statutes is amended to read:
	471	+	73.03 (6) In its discretion to inspect and examine or cause an inspection and
	472	+	examination of the records of any town, city, village, or county officer whenever such
	473	+	officer shall have failed or neglected to return properly the information as required
	474	+	by sub. (5), within the time set by the department of revenue. Upon the completion
	475	+	of such inspection and examination the department of revenue shall transmit to the
	476	+	1
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	501	+	LRB-5872/1
	502	+	KP:skw
	503	+	SECTION 18
	504	+	ASSEMBLY BILL 1089
	505	+	clerk of the town, city, village, or county a statement of the expenses incurred by the
	506	+	department of revenue to secure the necessary information. Duplicates of such
	507	+	statements shall be filed in the office of the secretary of administration. Within 60
	508	+	days after the receipt of the above statement, the same shall be audited, as other
	509	+	claims of towns, cities, villages, and counties are audited, and shall be paid into the
	510	+	state treasury, in default of which the same shall become a special charge against
	511	+	such town, city, village, or county and be included in the next apportionment or
	512	+	certification of state taxes and charges, and collected with interest at the rate of 10
	513	+	6 percent per year from the date such statements were certified by the department,
	514	+	as other special charges are certified and collected.
	515	+	SECTION 19. 76.075 of the statutes is amended to read:
	516	+	76.075 Adjustments of assessments. Within 4 years after the due date, or
	517	+	extended due date, of the report under s. 76.04, any person subject to taxation under
	518	+	this subchapter may request the department to make, or the department may make,
	519	+	an adjustment to the data under s. 76.07 (4g) or (4r) submitted by the person. If an
	520	+	adjustment under this section results in an increase in the tax due under this
	521	+	subchapter, the person shall pay the amount of the tax increase plus interest on that
	522	+	amount at the rate of 1 0.5 percent per month from the due date or extended due
	523	+	date of the report under s. 76.04 until the date of final determination and interest
	524	+	at the rate of 1.5 percent per month from the date of final determination until the
	525	+	date of payment. If an adjustment under this section results in a decrease in the tax
	526	+	due under this subchapter, the department shall refund the appropriate amount plus
	527	+	interest at the rate of 0.25 0.5 percent per month from the due date or extended due
	528	+	date under s. 76.04 until the date of refund. Sections 71.74 (1) and (2) and 71.75 (6)
	529	+	1
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	553	+	KP:skw
	554	+	SECTION 19 ASSEMBLY BILL 1089
	555	+	and (7), as they apply to income and franchise tax adjustments, apply to adjustments
	556	+	under this section. Review of the adjustments is as stated in s. 76.08.
	557	+	SECTION 20. 76.13 (2) of the statutes is amended to read:
	558	+	76.13 (2) Every tax roll upon completion shall be delivered to the secretary of
	559	+	administration. The department shall notify, by certified mail, all companies listed
	560	+	on the tax roll of the amount of tax due, which shall be paid to the department. The
	561	+	payment dates provided for in sub. (2a) shall apply. The payment of one-fourth of
	562	+	the tax of any company may, if the company has brought an action in the Dane
	563	+	County circuit court under s. 76.08, be made without delinquent interest as provided
	564	+	in s. 76.14 any time prior to the date upon which the appeal becomes final, but any
	565	+	part of the tax ultimately required to be paid shall bear interest from the original due
	566	+	date to the date the appeal became final at the rate of 12 6 percent per year and at
	567	+	1.5 percent per month thereafter until paid. The taxes extended against any
	568	+	company after the same become due, with interest, shall be a lien upon all the
	569	+	property of the company prior to all other liens, claims, and demands whatsoever,
	570	+	except as provided in ss. 292.31 (8) (i) and 292.81, which lien may be enforced in an
	571	+	action in the name of the state in any court of competent jurisdiction against the
	572	+	property of the company within the state as an entirety.
	573	+	SECTION 21. 76.13 (2a) of the statutes is amended to read:
	574	+	76.13 (2a) Taxes levied under this section shall be paid to the department in
	575	+	semiannual installments, on May 10 and November 10, on a partially estimated
	576	+	basis. The May 10 payment shall be at least 50 percent of the total tax assessed for
	577	+	the previous calendar year or 40 percent of the tax assessed for the current calendar
	578	+	year. Any amounts not paid when due shall become delinquent and shall be subject
	579	+	to interest under s. 76.14. The payment of 25 percent of the tax of any company may,
	580	+	1
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	605	+	LRB-5872/1
	606	+	KP:skw
	607	+	SECTION 21
	608	+	ASSEMBLY BILL 1089
	609	+	if the company has brought an action in the Dane County circuit court under s. 76.08,
	610	+	be made without delinquent interest as provided in s. 76.14 any time prior to the date
	611	+	upon which the appeal becomes final, but any part thereof ultimately required to be
	612	+	paid shall bear interest from the original due date to the date the appeal becomes
	613	+	final at the rate of 12 6 percent per year and at 1.5 percent per month thereafter until
	614	+	paid. Companies with a tax liability under this section of less than $2,000 are not
	615	+	required to make semiannual payments but shall pay the full amount of taxes due
	616	+	on or before November 10.
	617	+	SECTION 22. 76.13 (3) of the statutes is amended to read:
	618	+	76.13 (3) If the Dane County circuit court, after such roll is delivered to the
	619	+	secretary of administration, increases or decreases the assessment of any company,
	620	+	the department shall immediately redetermine the tax of the company on the basis
	621	+	of the revised assessment, and shall certify and deliver the revised assessment to the
	622	+	secretary of administration as a revision of the tax roll. If the amount of tax upon
	623	+	the assessment as determined by the court is less than the amount paid by the
	624	+	company, the secretary of administration shall refund the excess to the company with
	625	+	interest at the rate of 3 6 percent per year. If the amount of the tax upon the
	626	+	assessment as determined by the court is in excess of the amount of the tax as
	627	+	determined by the department, interest shall be paid on the additional amount at the
	628	+	rate of 12 6 percent per year from the date of entry of judgment to the date the
	629	+	judgment becomes final, and at 1.5 percent per month thereafter until paid.
	630	+	SECTION 23. 76.22 (2) of the statutes is amended to read:
	631	+	76.22 (2) The action to recover taxes and interest and to enforce the same as
	632	+	a lien shall be an action in equity and shall be commenced and carried on and
	633	+	judgment entered according to the laws of the state and the rules and practice of
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	659	+	KP:skw
	660	+	SECTION 23 ASSEMBLY BILL 1089
	661	+	courts of equity so far as applicable. No reference shall be made to take testimony
	662	+	or to hear, try and determine the issues of fact in the action. The judgment shall fix
	663	+	the amount of taxes and interest, adjudge the same a lien on the property of the
	664	+	company and provide for the sale of such property in 90 days after the entry of
	665	+	judgment upon publication of the notice of sale as a class 3 notice, under ch. 985. The
	666	+	judgment shall bear interest at the rate of 10 6 percent per year from the date of entry
	667	+	until finally paid.
	668	+	SECTION 24. 76.28 (4) (a) of the statutes is amended to read:
	669	+	76.28 (4) (a) If after filing the reports specified in sub. (7) and after the
	670	+	department's computation and assessment of license fees under sub. (2) it is
	671	+	determined that the amount of gross revenues reported is in error, the department
	672	+	shall compute the additional license fee to be paid or the amount of the overpayment
	673	+	of license fee to be refunded, as the case may be. If an additional license fee is due,
	674	+	the department shall give notice to the light, heat and power company against whom
	675	+	the license fee is to be levied. All such additional assessments and claims for refunds
	676	+	for excess license fees paid are subject to the same procedure for review and final
	677	+	determination as additional income or franchise tax assessments and claims for
	678	+	refunds under ch. 71 as far as the same may be applicable, except that appeals of
	679	+	denials of claims for refunds shall be made directly to the tax appeals commission
	680	+	and except that the additional license fees shall become delinquent 60 days after
	681	+	notice provided in this subsection or, if review proceedings are held, 60 days following
	682	+	final determination of the review proceedings. All additional license fees shall bear
	683	+	interest at the rate of 12 6 percent per year from the time they should have been paid
	684	+	to the date on which the additional fees shall become delinquent if unpaid.
	685	+	SECTION 25. 76.28 (4) (b) of the statutes is amended to read:
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	711	+	LRB-5872/1
	712	+	KP:skw
	713	+	SECTION 25
	714	+	ASSEMBLY BILL 1089
	715	+	76.28 (4) (b) In the case of overpayments of license fees by any light, heat and
	716	+	power company under par. (a), the department shall certify the overpayments to the
	717	+	department of administration, which shall audit the amount of the overpayments
	718	+	and the secretary of administration shall pay the amounts determined by means of
	719	+	the audit. All refunds of license fees under this subsection shall bear interest at the
	720	+	annual rate of 3 6 percent from the date of the original payment to the date when
	721	+	the refund is made. The time for making additional levies of license fees or claims
	722	+	for refunds of excess license fees paid, in respect to any year, shall be limited to 4
	723	+	years after the time the report for such year was filed.
	724	+	SECTION 26. 76.28 (11) of the statutes is amended to read:
	725	+	76.28 (11) PAYMENT BEFORE CONTESTING. No action or proceeding, except a
	726	+	petition for redetermination under sub. (4), may be brought by a light, heat or power
	727	+	company against this state to contest any assessment of a tax under this section
	728	+	unless the taxpayer first pays to this state the amount of tax assessed. If the
	729	+	taxpayer prevails in an action or proceeding, this state shall settle with the taxpayer,
	730	+	including payment of interest at 3 6 percent per year on the amount of the money
	731	+	paid from the date of payment until the date of judgment.
	732	+	SECTION 27. 76.39 (4) (d) of the statutes is amended to read:
	733	+	76.39 (4) (d) All refunds shall be certified by the department to the department
	734	+	of administration which shall audit the amount of the refunds and the secretary of
	735	+	administration shall pay the amount, together with interest at the rate of 3 6 percent
	736	+	per year from the date payment was made. All additional taxes shall bear interest
	737	+	at the rate of 12 6 percent per year from the time they should have been paid to the
	738	+	date upon which the additional taxes shall become delinquent if unpaid.
	739	+	SECTION 28. 76.48 (5) of the statutes is amended to read:
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	765	+	KP:skw
	766	+	SECTION 28 ASSEMBLY BILL 1089
	767	+	76.48 (5) Additional assessments may be made, if notice of such assessment is
	768	+	given, within 4 years of the date the annual return was filed, but if no return was
	769	+	filed, or if the return filed was incorrect and was filed with intent to defeat or evade
	770	+	the tax, an additional assessment may be made at any time upon the discovery of
	771	+	gross revenues by the department. Refunds may be made if a claim for the refund
	772	+	is filed in writing with the department within 4 years of the date the annual return
	773	+	was filed. Refunds shall bear interest at the rate of 3 6 percent per year and shall
	774	+	be certified by the department to the secretary of administration who shall audit the
	775	+	amounts of such overpayments and pay the amount audited. Additional
	776	+	assessments shall bear interest at the rate of 12 6 percent per year from the time they
	777	+	should have been paid to the date upon which they shall become delinquent if unpaid.
	778	+	SECTION 29. 77.59 (6) (c) of the statutes is amended to read:
	779	+	77.59 (6) (c) The department shall notify any person who files a petition for
	780	+	redetermination that the person may deposit the entire deficiency determination,
	781	+	including any penalty or interest, with the department when the petition is filed or
	782	+	at any time before the department makes its redetermination. Any deposited
	783	+	amount which is refunded shall bear interest at the rate of 3 6 percent per year
	784	+	during the time the funds were on deposit. A person may also pay any portion of a
	785	+	deficiency determination admitted to be correct and the payment shall be considered
	786	+	an admission of the validity of that portion of the deficiency determination and may
	787	+	not be recovered in an appeal or in any other action or proceeding.
	788	+	SECTION 30. 77.60 (1) (a) of the statutes is renumbered 77.60 (1) (a) (intro.) and
30	789		amended to read:
31		-	71.03 (7) EXTENSION OF TIME TO FILE. (intro.) Returns
32		-	of natural persons and fiduciaries that require a statement
33		-	of amounts or information contained or entered on a cor-
34		-	responding return under the internal revenue code shall
35		-	be filed within the time fixed under that code for filing of
36		-	the corresponding federal return. Any extension of time
37		-	granted by law or by the internal revenue service for the
38		-	filing of that corresponding federal return extends the
39		-	time for filing under this chapter if a copy of the taxpay-
40		-	er’s application to the internal revenue service requesting
41		-	the extension is filed with the return under this chapter or
42		-	if a copy of any request for an extension required by the
43		-	internal revenue service is filed with the return under this
44		-	chapter or at an earlier date that the department prescribes
45		-	by rule and if the taxpayer pays the Wisconsin tax in the
46		-	manner applicable to federal income taxes under the
47		-	internal revenue code. Taxes payable upon the filing of
48		-	the return do not become delinquent during the period of
49		-	an extension but are subject to interest at the rate of 12 6
50		-	percent per year during such period except as follows:
51		-	SECTION 3. 71.24 (7) (a) of the statutes is amended
52		-	to read:
53		-	71.24 (7) (a) In the case of a corporation required to
54		-	file a return, the department of revenue shall allow an
55		-	* Section 991.11, WISCONSIN STATUTES: Effective date of acts. “Every act and every portion of an act enacted by the legislature over the governor’s
56		-	partial veto which does not expressly prescribe the time when it takes effect shall take effect on the day after its date of publication.” − 2 −2023 Wisconsin Act 2023 Assembly Bill 1089
57		-	automatic extension of 7 months or until the original due
58		-	date of the corporation’s corresponding federal return,
59		-	whichever is later. Any extension of time granted by law
60		-	or by the internal revenue service for the filing of corre-
61		-	sponding federal returns shall extend the time for filing
62		-	under this subchapter to 30 days after the federal due date
63		-	if the corporation reports the extension in the manner
64		-	specified by the department on the return. Except for
65		-	payments of estimated taxes, income or franchise taxes
66		-	payable upon the filing of the tax return shall not become
67		-	delinquent during such extension period, but shall,
68		-	except as provided in par. (b), be subject to interest at the
69		-	rate of 12 6 percent per year during such period.
70		-	SECTION 4. 71.44 (3) (a) of the statutes is amended
71		-	to read:
72		-	71.44 (3) (a) In the case of a corporation required to
73		-	file a return, the department of revenue shall allow an
74		-	automatic extension of 7 months or until the original due
75		-	date of the corporation’s corresponding federal return,
76		-	whichever is later. Any extension of time granted by law
77		-	or by the internal revenue service for the filing of corre-
78		-	sponding federal returns shall extend the time for filing
79		-	under this subchapter to 30 days after the federal due date
80		-	if the corporation reports the extension in the manner
81		-	specified by the department on the return. Except for
82		-	payments of estimated taxes, income or franchise taxes
83		-	payable upon the filing of the tax return shall not become
84		-	delinquent during such extension period, but shall,
85		-	except as provided in par. (b), be subject to interest at the
86		-	rate of 12 6 percent per year during such period.
87		-	SECTION 5. 71.775 (4) (bm) 1. of the statutes is
	790	+	77.60 (1) (a) (intro.) Except as provided in par. (b), unpaid the following interest
	791	+	rates apply:
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	817	+	LRB-5872/1
	818	+	KP:skw
	819	+	SECTION 30
	820	+	ASSEMBLY BILL 1089
	821	+	1. Unpaid taxes shall bear interest at the rate of 12 6 percent per year from the
	822	+	unextended due date of the return until paid or deposited with the department.
	823	+	2. Taxes refunded to the seller shall bear interest at 3 6 percent per year from
	824	+	the due date of the return to the date on which the refund is certified on the refund
	825	+	rolls. An extension of time within which to file a return shall not extend the due date
	826	+	of the return for purposes of interest computation.
	827	+	3. Taxes refunded to the buyer shall bear interest at 3 6 percent per year from
	828	+	the last day of the month following the month during which the buyer paid the tax
	829	+	to the date on which the refund is certified on the refund rolls.
	830	+	SECTION 31. 77.60 (1) (b) of the statutes is renumbered 77.60 (1) (b) 1. and
88	831		amended to read:
89		-	71.775 (4) (bm) 1. For the return under par. (a), the
90		-	department shall allow an automatic extension of 7
91		-	months or until the corresponding due date of the pass−
92		-	through entity’s federal income tax return or return of
93		-	partnership income, whichever is later. Except for pay-
94		-	ments of estimated taxes, and except as provided in subd.
95		-	2., withholding taxes payable upon filing the return are
96		-	not delinquent during the extension period but shall be
97		-	subject to interest at the rate of 12 6 percent per year dur-
98		-	ing that period.
99		-	SECTION 6. 71.775 (4) (bm) 2. of the statutes is
100		-	amended to read:
101		-	71.775 (4) (bm) 2. For taxable years beginning after
102		-	December 31, 2008, for persons who qualify for a federal
103		-	extension of time to file under 26 USC 7508A due to a
104		-	presidentially declared disaster or terroristic or military
105		-	action, withholding taxes that are otherwise due from a
106		-	pass−through entity under sub. (2) are not subject to 12
107		-	6 percent interest as otherwise provided under subd. 1.
108		-	during the extension period and for 30 days after the end
109		-	of the federal extension period.
110		-	SECTION 7. 71.775 (4) (em) of the statutes is amended
111		-	to read:
112		-	71.775 (4) (em) Except as provided in par. (fm), in the
113		-	case of any underpayment of estimated withholding taxes
114		-	under par. (cm), interest shall be added to the aggregate
115		-	withholding tax for the taxable year at the rate of 12 6 per-
116		-	cent per year on the amount of the underpayment for the
117		-	period of the underpayment. In this paragraph, “period
118		-	of the underpayment” means the time period beginning
119		-	with the due date of the installment and ending on either
120		-	the unextended due date of the return under par. (a) or the
121		-	date of payment, whichever is earlier. If 90 percent of the
122		-	tax due under sub. (2) for the taxable year is not paid by
123		-	the unextended due date of the return under par. (a), the
124		-	difference between that amount and the estimated taxes
125		-	paid, along with any interest due, shall accrue delinquent
126		-	interest in the same manner as income and franchise taxes
127		-	under s. 71.82 (2) (a).
128		-	SECTION 8. 71.82 (1) of the statutes is amended to
129		-	read:
130		-	71.82 (1) NORMAL. (a) In assessing taxes interest
131		-	shall be added to such taxes at 12 6 percent per year from
132		-	the date on which such taxes if originally assessed would
133		-	have become delinquent if unpaid, to the date on which
134		-	such taxes when subsequently assessed will become
135		-	delinquent if unpaid.
136		-	(b) Except as otherwise specifically provided, in
137		-	crediting overpayments of income and surtaxes against
138		-	underpayments or against taxes to be subsequently col-
139		-	lected and in certifying refunds of such taxes interest
140		-	shall be added at the rate of 3 6 percent per year from the
141		-	date on which such taxes when assessed would have
142		-	become delinquent if unpaid to the date on which such
143		-	overpayment was certified for refund except that if any
144		-	overpayment of tax is certified for refund within 90 days
145		-	after the last date prescribed for filing the return of such
146		-	tax or 90 days after the date of actual filing of the return
147		-	of such tax, whichever occurs later, no interest shall be
148		-	allowed on such overpayment. For purposes of this sec-
149		-	tion the return of such tax shall not be deemed actually
150		-	filed by an employee unless and until the employee has
151		-	included the written statement required to be filed under
152		-	s. 71.65 (1). However when any part of a tax paid on an
153		-	estimate of income, whether paid in connection with a
154		-	tentative return or not, is refunded or credited to a tax-
155		-	payer, such refund or credit shall not draw interest.
156		-	(c) Any assessment made as a result of the adjustment
157		-	or disallowance of a claim for credit under s. 71.07, 71.28
158		-	or 71.47 or subch. VIII or IX, except as provided in sub.
159		-	(2) (c), shall bear interest at 12 6 percent per year from the
160		-	due date of the claim.
161		-	SECTION 9. 71.82 (2) (b) of the statutes is amended
162		-	to read:
163		-	71.82 (2) (b) Department may reduce delinquent
164		-	interest. The department shall provide by rule for reduc-
165		-	tion of interest under par. (a) to 12 6 percent per year in − 3 − 2023 Wisconsin Act 2023 Assembly Bill 1089
166		-	stated instances wherein the secretary of revenue deter-
167		-	mines that reduction is fair and equitable.
168		-	SECTION 10. 71.82 (2) (d) of the statutes is amended
169		-	to read:
170		-	71.82 (2) (d) Withholding tax. Of the amounts
171		-	required to be withheld any amount not deposited or paid
172		-	over to the department within the time required shall be
173		-	deemed delinquent and deposit reports or withholding
174		-	reports filed after the due date shall be deemed late.
175		-	Delinquent deposits or payments shall bear interest at the
176		-	rate of 1.5 percent per month from the date deposits or
177		-	payments are required under this section until deposited
178		-	or paid over to the department. The department shall pro-
179		-	vide by rule for reduction of interest on delinquent
180		-	deposits to 12 6 percent per year in stated instances
181		-	wherein the secretary of revenue determines reduction
182		-	fair and equitable. In the case of a timely filed deposit or
183		-	withholding report, withheld taxes shall become delin-
184		-	quent if not deposited or paid over on or before the due
185		-	date of the report. In the case of no report filed or a report
186		-	filed late, withheld taxes shall become delinquent if not
187		-	deposited or paid over by the due date of the report. In
188		-	the case of an assessment under s. 71.83 (1) (b) 2., the
189		-	amount assessed shall become delinquent if not paid on
190		-	or before the first day of the calendar month following the
191		-	calendar month in which the assessment becomes final,
192		-	but if the assessment is contested before the tax appeals
193		-	commission or in the courts, it shall become delinquent
194		-	on the 30th day following the date on which the order or
195		-	judgment representing final determination becomes
196		-	final.
197		-	SECTION 11. 71.84 (1) of the statutes is amended to
198		-	read:
199		-	71.84 (1) INDIVIDUALS AND FIDUCIARIES. Except as
200		-	provided in s. 71.09 (11), in the case of any underpayment
201		-	of estimated tax by an individual, estate or trust, except
202		-	as provided under s. 71.09, there shall be added to the
203		-	aggregate tax for the taxable year interest at the rate of 12
204		-	6 percent per year on the amount of the underpayment for
205		-	the period of the underpayment. In this subsection, “the
206		-	period of the underpayment” means the time period from
207		-	the due date of the installment until either the 15th day of
208		-	the 4th month beginning after the end of the taxable year
209		-	or the date of payment, whichever is earlier.
210		-	SECTION 12. 71.84 (2) (a) of the statutes is amended
211		-	to read:
212		-	71.84 (2) (a) Except as provided in s. 71.29 (7), in the
213		-	case of any underpayment of estimated tax by a corpora-
214		-	tion under s. 71.29 or 71.48, there shall be added to the
215		-	aggregate tax for the taxable year interest at the rate of 12
216		-	6 percent per year on the amount of the underpayment for
217		-	the period of the underpayment. In this paragraph,
218		-	“period of the underpayment” means the time period
219		-	from the due date of the installment until either the date
220		-	on which the corporation is required to file for federal
221		-	income tax purposes, not including any extension, under
222		-	the Internal Revenue Code or the date of payment, which-
223		-	ever is earlier. If 90 percent of the tax shown on the return
224		-	is not paid by the date on which the corporation is
225		-	required to file for federal income tax purposes, not
226		-	including any extension, under the Internal Revenue
227		-	Code, the difference between that amount and the esti-
228		-	mated taxes paid, along with any interest due, shall
229		-	accrue delinquent interest under s. 71.91 (1) (a).
230		-	SECTION 13. 71.84 (2) (b) of the statutes is amended
231		-	to read:
232		-	71.84 (2) (b) For corporations that are subject to a tax
233		-	under this chapter on unrelated business taxable income,
234		-	as defined under section 512 of the internal revenue code,
235		-	and virtually exempt entities, “period of the underpay-
236		-	ment” means the time period from the due date of the
237		-	installment until either the 15th day of the 5th month
238		-	beginning after the end of the taxable year or the date of
239		-	payment, whichever is earlier. If 90 percent of the tax
240		-	shown on the return is not paid by the 15th day of the 5th
241		-	month following the close of the taxable year, the differ-
242		-	ence between that amount and the estimated taxes paid
243		-	along with any interest due, shall accrue delinquent inter-
244		-	est under s. 71.91 (1) (a).
245		-	SECTION 14. 71.84 (2) (c) of the statutes is amended
246		-	to read:
247		-	71.84 (2) (c) If a refund under s. 71.29 (3m) results
248		-	in an income or franchise tax liability that is greater than
249		-	the amount of estimated taxes paid when reduced by the
250		-	amount of the refund, the taxpayer shall add to the aggre-
251		-	gate tax for the taxable year interest at an annual rate of
252		-	12 6 percent on the amount of the unpaid tax liability for
253		-	the period beginning on the date the refund is issued and
254		-	ending on either the date on which the taxpayer is
255		-	required to file for federal income tax purposes, not
256		-	including any extension, under the Internal Revenue
257		-	Code or the date the tax liability is paid, whichever is ear-
258		-	lier.
259		-	SECTION 15. 71.90 (1) of the statutes is amended to
260		-	read:
261		-	71.90 (1) DEPOSIT. The department shall notify any
262		-	person who files a petition for redetermination that the
263		-	person may deposit the amount of an additional assess-
264		-	ment, including any interest or penalty, with the depart-
265		-	ment, or with a person that the department prescribes, at
266		-	any time before the department makes its redetermina-
267		-	tion. The department shall notify spouses jointly except
268		-	that, if the spouses have different addresses and if either
269		-	spouse notifies the department in writing of those
270		-	addresses, the department shall serve a duplicate of the
271		-	original notice on the spouse who has the address other
272		-	than the address to which the original notice was sent.
273		-	Amounts deposited under this subsection shall be subject
274		-	to the interest provided by s. 71.82 only to the extent of
275		-	the interest accrued prior to the first day of the month suc-
276		-	ceeding the date of deposit. Any deposited amount which
277		-	is refunded shall bear interest at the rate of 3 6 percent − 4 −2023 Wisconsin Act 2023 Assembly Bill 1089
278		-	per year during the time the funds were on deposit. A per-
279		-	son may also pay any portion of an assessment which is
280		-	admitted to be correct and the payment shall be consid-
281		-	ered an admission of the validity of that portion of the
282		-	assessment and may not be recovered in an appeal or in
283		-	any other action or proceeding.
284		-	SECTION 16. 71.91 (6) (e) 3. of the statutes is
285		-	amended to read:
286		-	71.91 (6) (e) 3. For purposes of an adjudication under
287		-	this paragraph, the assessment of the tax upon which the
288		-	interest or lien of the department is based is conclusively
289		-	presumed to be valid. Interest shall be allowed for judg-
290		-	ments under this paragraph at the rate of 12 6 percent per
291		-	year from the date the department receives the money
292		-	wrongfully levied upon to the date of payment of the
293		-	judgment or from the date of sale to the date of payment.
294		-	SECTION 17. 71.91 (6) (f) 5. of the statutes is amended
295		-	to read:
296		-	71.91 (6) (f) 5. Before the sale, the department shall
297		-	determine a minimum price for which the property shall
298		-	be sold. If no person offers for that property at the sale
299		-	at least the amount of the minimum price, the state shall
300		-	purchase the property for the minimum price; other-
301		-	wise, the property shall be sold to the highest bidder. In
302		-	determining the minimum price, the department shall
303		-	take into account the expense of making the levy and
304		-	sale in addition to the value of the property. If payment
305		-	in full is required at the time of acceptance of a bid and
306		-	is not paid then, the department shall sell the property in
307		-	the manner provided under this paragraph. If the condi-
308		-	tions of the sale permit part of the payment to be deferred
309		-	and if that part is not paid within the prescribed period,
310		-	the department may sue the purchaser in the circuit court
311		-	for Dane County for the unpaid part of the purchase
312		-	price and interest at the rate of 12 6 percent per year from
313		-	the date of the sale or the department may declare the
314		-	sale void and may sell the property again under this para-
315		-	graph. If the property is sold again, the 2nd purchaser
316		-	shall receive it free of any claim of the defaulting pur-
317		-	chaser and the amount paid upon the bid price by the
318		-	defaulting purchaser is forfeited.
319		-	SECTION 18. 73.03 (6) of the statutes is amended to
320		-	read:
321		-	73.03 (6) In its discretion to inspect and examine or
322		-	cause an inspection and examination of the records of any
323		-	town, city, village, or county officer whenever such offi-
324		-	cer shall have failed or neglected to return properly the
325		-	information as required by sub. (5), within the time set by
326		-	the department of revenue. Upon the completion of such
327		-	inspection and examination the department of revenue
328		-	shall transmit to the clerk of the town, city, village, or
329		-	county a statement of the expenses incurred by the
330		-	department of revenue to secure the necessary informa-
331		-	tion. Duplicates of such statements shall be filed in the
332		-	office of the secretary of administration. Within 60 days
333		-	after the receipt of the above statement, the same shall be
334		-	audited, as other claims of towns, cities, villages, and
335		-	counties are audited, and shall be paid into the state trea-
336		-	sury, in default of which the same shall become a special
337		-	charge against such town, city, village, or county and be
338		-	included in the next apportionment or certification of
339		-	state taxes and charges, and collected with interest at the
340		-	rate of 10 6 percent per year from the date such statements
341		-	were certified by the department, as other special charges
342		-	are certified and collected.
343		-	SECTION 19. 76.075 of the statutes is amended to
344		-	read:
345		-	76.075 Adjustments of assessments. Within 4 years
346		-	after the due date, or extended due date, of the report
347		-	under s. 76.04, any person subject to taxation under this
348		-	subchapter may request the department to make, or the
349		-	department may make, an adjustment to the data under s.
350		-	76.07 (4g) or (4r) submitted by the person. If an adjust-
351		-	ment under this section results in an increase in the tax
352		-	due under this subchapter, the person shall pay the
353		-	amount of the tax increase plus interest on that amount at
354		-	the rate of 1 0.5 percent per month from the due date or
355		-	extended due date of the report under s. 76.04 until the
356		-	date of final determination and interest at the rate of 1.5
357		-	percent per month from the date of final determination
358		-	until the date of payment. If an adjustment under this sec-
359		-	tion results in a decrease in the tax due under this sub-
360		-	chapter, the department shall refund the appropriate
361		-	amount plus interest at the rate of 0.25 0.5 percent per
362		-	month from the due date or extended due date under s.
363		-	76.04 until the date of refund. Sections 71.74 (1) and (2)
364		-	and 71.75 (6) and (7), as they apply to income and fran-
365		-	chise tax adjustments, apply to adjustments under this
366		-	section. Review of the adjustments is as stated in s. 76.08.
367		-	SECTION 20. 76.13 (2) of the statutes is amended to
368		-	read:
369		-	76.13 (2) Every tax roll upon completion shall be
370		-	delivered to the secretary of administration. The depart-
371		-	ment shall notify, by certified mail, all companies listed
372		-	on the tax roll of the amount of tax due, which shall be
373		-	paid to the department. The payment dates provided for
374		-	in sub. (2a) shall apply. The payment of one−fourth of the
375		-	tax of any company may, if the company has brought an
376		-	action in the Dane County circuit court under s. 76.08, be
377		-	made without delinquent interest as provided in s. 76.14
378		-	any time prior to the date upon which the appeal becomes
379		-	final, but any part of the tax ultimately required to be paid
380		-	shall bear interest from the original due date to the date
381		-	the appeal became final at the rate of 12 6 percent per year
382		-	and at 1.5 percent per month thereafter until paid. The
383		-	taxes extended against any company after the same
384		-	become due, with interest, shall be a lien upon all the
385		-	property of the company prior to all other liens, claims,
386		-	and demands whatsoever, except as provided in ss.
387		-	292.31 (8) (i) and 292.81, which lien may be enforced in
388		-	an action in the name of the state in any court of compe- − 5 − 2023 Wisconsin Act 2023 Assembly Bill 1089
389		-	tent jurisdiction against the property of the company
390		-	within the state as an entirety.
391		-	SECTION 21. 76.13 (2a) of the statutes is amended to
392		-	read:
393		-	76.13 (2a) Taxes levied under this section shall be
394		-	paid to the department in semiannual installments, on
395		-	May 10 and November 10, on a partially estimated basis.
396		-	The May 10 payment shall be at least 50 percent of the
397		-	total tax assessed for the previous calendar year or 40 per-
398		-	cent of the tax assessed for the current calendar year. Any
399		-	amounts not paid when due shall become delinquent and
400		-	shall be subject to interest under s. 76.14. The payment
401		-	of 25 percent of the tax of any company may, if the com-
402		-	pany has brought an action in the Dane County circuit
403		-	court under s. 76.08, be made without delinquent interest
404		-	as provided in s. 76.14 any time prior to the date upon
405		-	which the appeal becomes final, but any part thereof ulti-
406		-	mately required to be paid shall bear interest from the
407		-	original due date to the date the appeal becomes final at
408		-	the rate of 12 6 percent per year and at 1.5 percent per
409		-	month thereafter until paid. Companies with a tax liabil-
410		-	ity under this section of less than $2,000 are not required
411		-	to make semiannual payments but shall pay the full
412		-	amount of taxes due on or before November 10.
413		-	SECTION 22. 76.13 (3) of the statutes is amended to
414		-	read:
415		-	76.13 (3) If the Dane County circuit court, after such
416		-	roll is delivered to the secretary of administration,
417		-	increases or decreases the assessment of any company,
418		-	the department shall immediately redetermine the tax of
419		-	the company on the basis of the revised assessment, and
420		-	shall certify and deliver the revised assessment to the sec-
421		-	retary of administration as a revision of the tax roll. If the
422		-	amount of tax upon the assessment as determined by the
423		-	court is less than the amount paid by the company, the
424		-	secretary of administration shall refund the excess to the
425		-	company with interest at the rate of 3 6 percent per year.
426		-	If the amount of the tax upon the assessment as deter-
427		-	mined by the court is in excess of the amount of the tax
428		-	as determined by the department, interest shall be paid on
429		-	the additional amount at the rate of 12 6 percent per year
430		-	from the date of entry of judgment to the date the judg-
431		-	ment becomes final, and at 1.5 percent per month there-
432		-	after until paid.
433		-	SECTION 23. 76.22 (2) of the statutes is amended to
434		-	read:
435		-	76.22 (2) The action to recover taxes and interest and
436		-	to enforce the same as a lien shall be an action in equity
437		-	and shall be commenced and carried on and judgment
438		-	entered according to the laws of the state and the rules and
439		-	practice of courts of equity so far as applicable. No refer-
440		-	ence shall be made to take testimony or to hear, try and
441		-	determine the issues of fact in the action. The judgment
442		-	shall fix the amount of taxes and interest, adjudge the
443		-	same a lien on the property of the company and provide
444		-	for the sale of such property in 90 days after the entry of
445		-	judgment upon publication of the notice of sale as a class
446		-	3 notice, under ch. 985. The judgment shall bear interest
447		-	at the rate of 10 6 percent per year from the date of entry
448		-	until finally paid.
449		-	SECTION 24. 76.28 (4) (a) of the statutes is amended
450		-	to read:
451		-	76.28 (4) (a) If after filing the reports specified in sub.
452		-	(7) and after the department’s computation and assess-
453		-	ment of license fees under sub. (2) it is determined that
454		-	the amount of gross revenues reported is in error, the
455		-	department shall compute the additional license fee to be
456		-	paid or the amount of the overpayment of license fee to
457		-	be refunded, as the case may be. If an additional license
458		-	fee is due, the department shall give notice to the light,
459		-	heat and power company against whom the license fee is
460		-	to be levied. All such additional assessments and claims
461		-	for refunds for excess license fees paid are subject to the
462		-	same procedure for review and final determination as
463		-	additional income or franchise tax assessments and
464		-	claims for refunds under ch. 71 as far as the same may be
465		-	applicable, except that appeals of denials of claims for
466		-	refunds shall be made directly to the tax appeals commis-
467		-	sion and except that the additional license fees shall
468		-	become delinquent 60 days after notice provided in this
469		-	subsection or, if review proceedings are held, 60 days fol-
470		-	lowing final determination of the review proceedings.
471		-	All additional license fees shall bear interest at the rate of
472		-	12 6 percent per year from the time they should have been
473		-	paid to the date on which the additional fees shall become
474		-	delinquent if unpaid.
475		-	SECTION 25. 76.28 (4) (b) of the statutes is amended
476		-	to read:
477		-	76.28 (4) (b) In the case of overpayments of license
478		-	fees by any light, heat and power company under par. (a),
479		-	the department shall certify the overpayments to the
480		-	department of administration, which shall audit the
481		-	amount of the overpayments and the secretary of admin-
482		-	istration shall pay the amounts determined by means of
483		-	the audit. All refunds of license fees under this subsec-
484		-	tion shall bear interest at the annual rate of 3 6 percent
485		-	from the date of the original payment to the date when the
486		-	refund is made. The time for making additional levies of
487		-	license fees or claims for refunds of excess license fees
488		-	paid, in respect to any year, shall be limited to 4 years
489		-	after the time the report for such year was filed.
490		-	SECTION 26. 76.28 (11) of the statutes is amended to
491		-	read:
492		-	76.28 (11) PAYMENT BEFORE CONTESTING. No action
493		-	or proceeding, except a petition for redetermination
494		-	under sub. (4), may be brought by a light, heat or power
495		-	company against this state to contest any assessment of
496		-	a tax under this section unless the taxpayer first pays to
497		-	this state the amount of tax assessed. If the taxpayer pre-
498		-	vails in an action or proceeding, this state shall settle with
499		-	the taxpayer, including payment of interest at 3 6 percent − 6 −2023 Wisconsin Act 2023 Assembly Bill 1089
500		-	per year on the amount of the money paid from the date
501		-	of payment until the date of judgment.
502		-	SECTION 27. 76.39 (4) (d) of the statutes is amended
503		-	to read:
504		-	76.39 (4) (d) All refunds shall be certified by the
505		-	department to the department of administration which
506		-	shall audit the amount of the refunds and the secretary of
507		-	administration shall pay the amount, together with inter-
508		-	est at the rate of 3 6 percent per year from the date pay-
509		-	ment was made. All additional taxes shall bear interest
510		-	at the rate of 12 6 percent per year from the time they
511		-	should have been paid to the date upon which the addi-
512		-	tional taxes shall become delinquent if unpaid.
513		-	SECTION 28. 76.48 (5) of the statutes is amended to
514		-	read:
515		-	76.48 (5) Additional assessments may be made, if
516		-	notice of such assessment is given, within 4 years of the
517		-	date the annual return was filed, but if no return was filed,
518		-	or if the return filed was incorrect and was filed with
519		-	intent to defeat or evade the tax, an additional assessment
520		-	may be made at any time upon the discovery of gross rev-
521		-	enues by the department. Refunds may be made if a claim
522		-	for the refund is filed in writing with the department
523		-	within 4 years of the date the annual return was filed.
524		-	Refunds shall bear interest at the rate of 3 6 percent per
525		-	year and shall be certified by the department to the secre-
526		-	tary of administration who shall audit the amounts of
527		-	such overpayments and pay the amount audited. Addi-
528		-	tional assessments shall bear interest at the rate of 12 6
529		-	percent per year from the time they should have been paid
530		-	to the date upon which they shall become delinquent if
531		-	unpaid.
532		-	SECTION 29. 77.59 (6) (c) of the statutes is amended
533		-	to read:
534		-	77.59 (6) (c) The department shall notify any person
535		-	who files a petition for redetermination that the person
536		-	may deposit the entire deficiency determination, includ-
537		-	ing any penalty or interest, with the department when the
538		-	petition is filed or at any time before the department
539		-	makes its redetermination. Any deposited amount which
540		-	is refunded shall bear interest at the rate of 3 6 percent
541		-	per year during the time the funds were on deposit. A per-
542		-	son may also pay any portion of a deficiency determina-
543		-	tion admitted to be correct and the payment shall be con-
544		-	sidered an admission of the validity of that portion of the
545		-	deficiency determination and may not be recovered in an
546		-	appeal or in any other action or proceeding.
547		-	SECTION 30. 77.60 (1) (a) of the statutes is renum-
548		-	bered 77.60 (1) (a) (intro.) and amended to read:
549		-	77.60 (1) (a) (intro.) Except as provided in par. (b),
550		-	unpaid the following interest rates apply:
551		-	1. Unpaid taxes shall bear interest at the rate of 12 6
552		-	percent per year from the unextended due date of the
553		-	return until paid or deposited with the department.
554		-	2. Taxes refunded to the seller shall bear interest at
555		-	3 6 percent per year from the due date of the return to the
556		-	date on which the refund is certified on the refund rolls.
557		-	An extension of time within which to file a return shall
558		-	not extend the due date of the return for purposes of inter-
559		-	est computation.
560		-	3. Taxes refunded to the buyer shall bear interest at
561		-	3 6 percent per year from the last day of the month fol-
562		-	lowing the month during which the buyer paid the tax to
563		-	the date on which the refund is certified on the refund
564		-	rolls.
565		-	SECTION 31. 77.60 (1) (b) of the statutes is renum-
566		-	bered 77.60 (1) (b) 1. and amended to read:
567		-	77.60 (1) (b) 1. Any unpaid taxes for a calendar year
568		-	or a fiscal year resulting from a field audit shall bear inter-
569		-	est at the rate of 12 6 percent per year from the unex-
570		-	tended due date of the taxpayer’s Wisconsin income or
571		-	franchise tax return for that calendar or fiscal year or, if
572		-	exempt the filing of an income or franchise tax return
573		-	under ch. 71 is not required, from the 15th day of the 4th
574		-	month of the year after the close of the calendar or fiscal
575		-	year for which the taxes are due to the date on which the
576		-	taxes are paid or, if unpaid, become delinquent, which-
577		-	ever is earlier.
578		-	SECTION 32. 77.60 (1) (b) 2. of the statutes is created
579		-	to read:
580		-	77.60 (1) (b) 2. Taxes refunded as a result of a field
581		-	audit shall bear interest at the rate of 6 percent per year
582		-	from the unextended due date of the taxpayer’s income
583		-	or franchise tax return for that calendar or fiscal year or,
584		-	if the filing of an income or franchise tax return under ch.
585		-	71 is not required, from the 15th day of the 4th month of
586		-	the year after the close of the calendar or fiscal year to the
587		-	date on which the refund is certified on the refund rolls.
588		-	SECTION 33. 77.96 (5) of the statutes is amended to
589		-	read:
590		-	77.96 (5) Each person subject to a surcharge under s.
591		-	77.93 shall, on or before the due date, including exten-
592		-	sions, for filing under ch. 71, file an accurate statement
593		-	of its gross tax liability. Payments made after the due date
594		-	under sub. (2) and on or before the due date under this
595		-	subsection are not delinquent but are subject to interest at
596		-	the rate of 12 6 percent per year.
597		-	SECTION 34. 78.68 (1) of the statutes is amended to
598		-	read:
599		-	78.68 (1) Unpaid taxes shall bear interest at the rate
600		-	of 12 6 percent per year from the due date of the tax until
601		-	paid or deposited with the department, and all refunded
602		-	taxes bear interest at the rate of 3 6 percent per year from
603		-	the due date of the return to the date on which the refund
604		-	is certified on the refund rolls.
605		-	SECTION 35. 139.25 (1) of the statutes is amended to
606		-	read:
607		-	139.25 (1) INTEREST AND PENALTIES. Unpaid taxes
608		-	bear interest at the rate of 12 6 percent per year from the
609		-	due date of the return until paid or deposited with the
610		-	department, and all refunded taxes bear interest at the rate
611		-	of 3 6 percent per year from the due date of the return − 7 − 2023 Wisconsin Act 2023 Assembly Bill 1089
612		-	to the date on which the refund is certified on the refund
613		-	rolls.
614		-	SECTION 36. 139.44 (9) of the statutes is amended to
615		-	read:
616		-	139.44 (9) Unpaid taxes bear interest at the rate of 12
617		-	6 percent per year from the due date of the return until
618		-	paid or deposited with the department, and all refunded
619		-	taxes bear interest at the rate of 3 6 percent per year from
620		-	the due date of the return to the date on which the refund
621		-	is certified on the refund rolls.
622		-	SECTION 37. 168.12 (6) (c) of the statutes is amended
623		-	to read:
624		-	168.12 (6) (c) The department of revenue shall inves-
625		-	tigate the correctness and veracity of the representations
626		-	in the claim and may require a claimant to submit records
627		-	to substantiate the claim. The department of revenue
628		-	shall either allow or deny a claim under this subsection
629		-	not later than 60 days after the filing of the claim. If the
630		-	department of revenue allows the claim, it shall pay the
631		-	claimant the amount allowed from the moneys appropri-
632		-	ated under s. 20.855 (4) (r). If the department of revenue
633		-	does not pay the allowance by the 90th day after the date
634		-	on which the purchaser files the claim, the department of
635		-	revenue shall also pay interest on the unpaid claim begin-
636		-	ning on that day, at the rate of 3 6 percent per year, from
637		-	the moneys appropriated under s. 20.855 (4) (r).
638		-	SECTION 38. 168.12 (6) (d) 2. of the statutes is
639		-	amended to read:
640		-	168.12 (6) (d) 2. If the department of revenue has
641		-	paid the claim, require the purchaser to refund to the
642		-	department of revenue that portion of the amount paid
643		-	under par. (c) to which the purchaser is not entitled and
644		-	impose a penalty on the purchaser equal to 25 percent of
645		-	the allowance, plus interest on the sum of the unpaid
646		-	penalty and the amount required to be refunded, accruing
647		-	from the date that the penalty is imposed, at the rate of 12
648		-	6 percent per year.
649		-	SECTION 39. 168.12 (6) (e) 1. of the statutes is
650		-	amended to read:
651		-	168.12 (6) (e) 1. If the claim has not been paid and the
652		-	department of revenue allows no portion of the claim,
653		-	impose a penalty on the purchaser equal to 50 percent of
654		-	the amount claimed by the purchaser, plus interest on the
655		-	unpaid penalty, accruing from the date that the penalty is
656		-	imposed, at the rate of 12 6 percent per year.
657		-	SECTION 40. 168.12 (6) (e) 3. of the statutes is
658		-	amended to read:
659		-	168.12 (6) (e) 3. If the claim has been paid, require
660		-	the purchaser to refund to the department of revenue that
661		-	portion of the amount paid under par. (c) that the depart-
662		-	ment of revenue determines was fraudulently obtained
663		-	and impose a penalty on the purchaser equal to 50 percent
664		-	of the amount claimed by the purchaser, plus interest on
665		-	the sum of the unpaid penalty and the amount required to
666		-	be refunded, accruing from the date that the penalty is
667		-	imposed, at the rate of 12 6 percent per year.
	832	+	77.60 (1) (b) 1. Any unpaid taxes for a calendar year or a fiscal year resulting
	833	+	from a field audit shall bear interest at the rate of 12 6 percent per year from the
	834	+	unextended due date of the taxpayer's Wisconsin income or franchise tax return for
	835	+	that calendar or fiscal year or, if exempt the filing of an income or franchise tax return
	836	+	under ch. 71 is not required, from the 15th day of the 4th month of the year after the
	837	+	close of the calendar or fiscal year for which the taxes are due to the date on which
	838	+	the taxes are paid or, if unpaid, become delinquent, whichever is earlier.
	839	+	SECTION 32. 77.60 (1) (b) 2. of the statutes is created to read:
	840	+	77.60 (1) (b) 2. Taxes refunded as a result of a field audit shall bear interest at
	841	+	the rate of 6 percent per year from the unextended due date of the taxpayer's income
	842	+	or franchise tax return for that calendar or fiscal year or, if the filing of an income
	843	+	or franchise tax return under ch. 71 is not required, from the 15th day of the 4th
	844	+	month of the year after the close of the calendar or fiscal year to the date on which
	845	+	the refund is certified on the refund rolls.
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	872	+	SECTION 33 ASSEMBLY BILL 1089
	873	+	SECTION 33. 77.96 (5) of the statutes is amended to read:
	874	+	77.96 (5) Each person subject to a surcharge under s. 77.93 shall, on or before
	875	+	the due date, including extensions, for filing under ch. 71, file an accurate statement
	876	+	of its gross tax liability. Payments made after the due date under sub. (2) and on or
	877	+	before the due date under this subsection are not delinquent but are subject to
	878	+	interest at the rate of 12 6 percent per year.
	879	+	SECTION 34. 78.68 (1) of the statutes is amended to read:
	880	+	78.68 (1) Unpaid taxes shall bear interest at the rate of 12 6 percent per year
	881	+	from the due date of the tax until paid or deposited with the department, and all
	882	+	refunded taxes bear interest at the rate of 3 6 percent per year from the due date
	883	+	of the return to the date on which the refund is certified on the refund rolls.
	884	+	SECTION 35. 139.25 (1) of the statutes is amended to read:
	885	+	139.25 (1) INTEREST AND PENALTIES. Unpaid taxes bear interest at the rate of
	886	+	12 6 percent per year from the due date of the return until paid or deposited with the
	887	+	department, and all refunded taxes bear interest at the rate of 3 6 percent per year
	888	+	from the due date of the return to the date on which the refund is certified on the
	889	+	refund rolls.
	890	+	SECTION 36. 139.44 (9) of the statutes is amended to read:
	891	+	139.44 (9) Unpaid taxes bear interest at the rate of 12 6 percent per year from
	892	+	the due date of the return until paid or deposited with the department, and all
	893	+	refunded taxes bear interest at the rate of 3 6 percent per year from the due date
	894	+	of the return to the date on which the refund is certified on the refund rolls.
	895	+	SECTION 37. 168.12 (6) (c) of the statutes is amended to read:
	896	+	168.12 (6) (c) The department of revenue shall investigate the correctness and
	897	+	veracity of the representations in the claim and may require a claimant to submit
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	925	+	SECTION 37
	926	+	ASSEMBLY BILL 1089
	927	+	records to substantiate the claim. The department of revenue shall either allow or
	928	+	deny a claim under this subsection not later than 60 days after the filing of the claim.
	929	+	If the department of revenue allows the claim, it shall pay the claimant the amount
	930	+	allowed from the moneys appropriated under s. 20.855 (4) (r). If the department of
	931	+	revenue does not pay the allowance by the 90th day after the date on which the
	932	+	purchaser files the claim, the department of revenue shall also pay interest on the
	933	+	unpaid claim beginning on that day, at the rate of 3 6 percent per year, from the
	934	+	moneys appropriated under s. 20.855 (4) (r).
	935	+	SECTION 38. 168.12 (6) (d) 2. of the statutes is amended to read:
	936	+	168.12 (6) (d) 2. If the department of revenue has paid the claim, require the
	937	+	purchaser to refund to the department of revenue that portion of the amount paid
	938	+	under par. (c) to which the purchaser is not entitled and impose a penalty on the
	939	+	purchaser equal to 25 percent of the allowance, plus interest on the sum of the unpaid
	940	+	penalty and the amount required to be refunded, accruing from the date that the
	941	+	penalty is imposed, at the rate of 12 6 percent per year.
	942	+	SECTION 39. 168.12 (6) (e) 1. of the statutes is amended to read:
	943	+	168.12 (6) (e) 1. If the claim has not been paid and the department of revenue
	944	+	allows no portion of the claim, impose a penalty on the purchaser equal to 50 percent
	945	+	of the amount claimed by the purchaser, plus interest on the unpaid penalty, accruing
	946	+	from the date that the penalty is imposed, at the rate of 12 6 percent per year.
	947	+	SECTION 40. 168.12 (6) (e) 3. of the statutes is amended to read:
	948	+	168.12 (6) (e) 3. If the claim has been paid, require the purchaser to refund to
	949	+	the department of revenue that portion of the amount paid under par. (c) that the
	950	+	department of revenue determines was fraudulently obtained and impose a penalty
	951	+	on the purchaser equal to 50 percent of the amount claimed by the purchaser, plus
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	978	+	SECTION 40 ASSEMBLY BILL 1089
	979	+	interest on the sum of the unpaid penalty and the amount required to be refunded,
	980	+	accruing from the date that the penalty is imposed, at the rate of 12 6 percent per
	981	+	year.
668	982		SECTION 41.0Initial applicability.
669		-	(1) INTEREST ON UNDERPAYMENTS AND OVERPAYMENTS.
670		-	This act first applies to assessments issued and refunds
671		-	paid on December 31, 2024, regardless of the taxable peri-
672		-	ods to which the assessments or refunds pertain.
	983	+	(1) INTEREST ON UNDERPAYMENTS AND OVERPAYMENTS. This act first applies to
	984	+	assessments issued and refunds paid on December 31, 2024, regardless of the taxable
	985	+	periods to which the assessments or refunds pertain.
	986	+	(END)
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