Wisconsin 2023-2024 Regular Session

Wisconsin Assembly Bill AB371 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	LRB-3879/1
2	2	JK:amn
3	3	2023 - 2024 LEGISLATURE
4	4	2023 ASSEMBLY BILL 371
5	5	July 27, 2023 - Introduced by Representatives STEFFEN, BROOKS, RETTINGER and
6	6	WICHGERS, cosponsored by Senators BRADLEY, NASS and QUINN. Referred to
7	7	Committee on Ways and Means. Referred to Joint Survey Committee on Tax
8	8	Exemptions.
9	9	*AUTHORS SUBJECT TO CHANGE*
10	10	AN ACT to renumber and amend 76.81; and to create 76.81 (2) of the statutes;
11	11	relating to: exempting personal property from the tax imposed on telephone
12	12	companies.
13	13	Analysis by the Legislative Reference Bureau
14	14	Current law imposes a tax on the real and tangible personal property of a
15	15	telephone company, not including computers, cash registers, fax machines, motor
16	16	vehicles, treatment plant and pollution abatement equipment, qualified broadband
17	17	service property, and property used less than 50 percent in the operation of the
18	18	telephone company. Current law defines a “telephone company” as any person that
19	19	provides to another person telecommunications services, including the resale of
20	20	services provided by another telephone company.
21	21	This bill exempts from the tax on a telephone company the company's tangible
22	22	personal property, beginning with assessments in 2023.
23	23	Because this bill relates to an exemption from state or local taxes, it may be
24	24	referred to the Joint Survey Committee on Tax Exemptions for a report to be printed
25	25	as an appendix to the bill.
26	26	For further information see the state fiscal estimate, which will be printed as
27	27	an appendix to this bill.
28	28	The people of the state of Wisconsin, represented in senate and assembly, do
29	29	enact as follows:
30	30	1
31	31	2
32	32	3 - 2 -2023 - 2024 Legislature LRB-3879/1
33	33	JK:amn
34	34	SECTION 1 ASSEMBLY BILL 371
35	35	SECTION 1. 76.81 of the statutes is renumbered 76.81 (1) and amended to read:
36	36	76.81 (1) There Except as provided in sub. (2), there is imposed a tax on the real
37	37	property of, and the tangible personal property of, every telephone company,
38	38	excluding property that is exempt from the property tax under s. 70.11 (39) and
39	39	(39m), motor vehicles that are exempt under s. 70.112 (5), property that is used less
40	40	than 50 percent in the operation of a telephone company, as provided under s. 70.112
41	41	(4) (b), treatment plant and pollution abatement equipment that is exempt under s.
42	42	70.11 (21), and qualified broadband service property. Except as provided in s. 76.815,
43	43	the rate for the tax imposed on each description of real property and on each item of
44	44	tangible personal property is the net rate for the prior year for the tax under ch. 70
45	45	in the taxing jurisdictions where the description or item is located. The real and
46	46	tangible personal property of a telephone company shall be assessed as provided
47	47	under s. 70.112 (4) (b).
48	48	SECTION 2. 76.81 (2) of the statutes is created to read:
49	49	76.81 (2) Beginning with the assessments as of January 1, 2023, the tangible
50	50	personal property of a telephone company is exempt from taxation under this
51	51	subchapter.
52	52	(END)
53	53	1
54	54	2
55	55	3
56	56	4
57	57	5
58	58	6
59	59	7
60	60	8
61	61	9
62	62	10
63	63	11
64	64	12
65	65	13
66	66	14
67	67	15
68	68	16
69	69	17
70	70	18