| 1 | 1 | | LRB-5825/1 |
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| 2 | 2 | | KP:wlj |
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| 3 | 3 | | 2023 - 2024 LEGISLATURE |
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| 4 | 4 | | 2023 ASSEMBLY BILL 1126 |
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| 5 | 5 | | March 6, 2024 - Introduced by Representatives NOVAK, HAYWOOD, ALLEN, BALDEH, |
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| 6 | 6 | | BARE, EMERSON, JACOBSON, MOORE OMOKUNDE, O'CONNOR, SINICKI, SUBECK and |
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| 7 | 7 | | OHNSTAD, cosponsored by Senators JAMES and SPREITZER. Referred to |
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| 8 | 8 | | Committee on Ways and Means. |
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| 9 | 9 | | ***AUTHORS SUBJECT TO CHANGE*** |
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| 10 | 10 | | AN ACT to create 70.11 (38v) of the statutes; relating to: a property tax |
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| 11 | 11 | | exemption for the Wisconsin Housing and Economic Development Authority |
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| 12 | 12 | | headquarters. |
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| 13 | 13 | | Analysis by the Legislative Reference Bureau |
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| 14 | 14 | | This bill exempts land and buildings owned by the Wisconsin Housing and |
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| 15 | 15 | | Economic Development Authority and used as its corporate headquarters, including |
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| 16 | 16 | | associated parking facilities, from the property tax. |
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| 17 | 17 | | Because this bill relates to an exemption from state or local taxes, it may be |
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| 18 | 18 | | referred to the Joint Survey Committee on Tax Exemptions for a report to be printed |
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| 19 | 19 | | as an appendix to the bill. |
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| 20 | 20 | | For further information see the state and local fiscal estimate, which will be |
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| 21 | 21 | | printed as an appendix to this bill. |
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| 22 | 22 | | The people of the state of Wisconsin, represented in senate and assembly, do |
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| 23 | 23 | | enact as follows: |
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| 24 | 24 | | SECTION 1. 70.11 (38v) of the statutes is created to read: |
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| 25 | 25 | | 70.11 (38v) WISCONSIN HOUSING AND ECONOMIC DEVELOPMENT AUTHORITY |
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| 26 | 26 | | HEADQUARTERS. Land and buildings on that land owned by the Wisconsin Housing |
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| 32 | 32 | | 6 - 2 -2023 - 2024 Legislature LRB-5825/1 |
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| 33 | 33 | | KP:wlj |
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| 34 | 34 | | SECTION 1 ASSEMBLY BILL 1126 |
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| 35 | 35 | | and Economic Development Authority and used exclusively as either the corporate |
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| 36 | 36 | | headquarters of the Wisconsin Housing and Economic Development Authority or the |
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| 37 | 37 | | parking facilities associated with those headquarters. |
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| 38 | 38 | | SECTION 2.0Initial applicability. |
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| 39 | 39 | | (1) WHEDA HEADQUARTERS. The treatment of s. 70.11 (38v) first applies to the |
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| 40 | 40 | | property tax assessments as of January 1, 2024. |
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| 41 | 41 | | (END) |
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