| 1 | | - | Date of enactment: March 21, 2024 |
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| 2 | | - | 2023 Senate Bill 323 Date of publication*: March 22, 2024 |
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| 3 | | - | 2023 WISCONSIN ACT 140 |
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| 4 | | - | AN ACT to renumber and amend 76.81; and to create 76.81 (2) of the statutes; relating to: exempting personal |
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| 5 | | - | property from the tax imposed on telephone companies. |
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| 6 | | - | The people of the state of Wisconsin, represented in |
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| 7 | | - | senate and assembly, do enact as follows: |
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| 8 | | - | SECTION 1. 76.81 of the statutes is renumbered 76.81 |
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| 9 | | - | (1) and amended to read: |
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| 10 | | - | 76.81 (1) There Except as provided in sub. (2), there |
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| 11 | | - | is imposed a tax on the real property of, and the tangible |
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| 12 | | - | personal property of, every telephone company, exclud- |
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| 13 | | - | ing property that is exempt from the property tax under |
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| 14 | | - | s. 70.11 (39) and (39m), motor vehicles that are exempt |
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| 15 | | - | under s. 70.112 (5), property that is used less than 50 per- |
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| 16 | | - | cent in the operation of a telephone company, as provided |
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| 17 | | - | under s. 70.112 (4) (b), treatment plant and pollution |
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| 18 | | - | abatement equipment that is exempt under s. 70.11 (21), |
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| 19 | | - | and qualified broadband service property. Except as pro- |
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| 20 | | - | vided in s. 76.815, the rate for the tax imposed on each |
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| 21 | | - | description of real property and on each item of tangible |
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| 22 | | - | personal property is the net rate for the prior year for the |
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| 23 | | - | tax under ch. 70 in the taxing jurisdictions where the |
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| 24 | | - | description or item is located. The real and tangible per- |
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| 25 | | - | sonal property of a telephone company shall be assessed |
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| 26 | | - | as provided under s. 70.112 (4) (b). |
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| 1 | + | LRB-3089/1 |
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| 2 | + | JK:amn |
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| 3 | + | 2023 - 2024 LEGISLATURE |
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| 4 | + | 2023 SENATE BILL 323 |
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| 5 | + | June 7, 2023 - Introduced by Senators BRADLEY, NASS and QUINN, cosponsored by |
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| 6 | + | Representatives STEFFEN, BROOKS, RETTINGER and WICHGERS. Referred to |
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| 7 | + | Committee on Utilities and Technology. |
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| 8 | + | ***AUTHORS SUBJECT TO CHANGE*** |
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| 9 | + | AN ACT to renumber and amend 76.81; and to create 76.81 (2) of the statutes; |
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| 10 | + | relating to: exempting personal property from the tax imposed on telephone |
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| 11 | + | companies. |
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| 12 | + | Analysis by the Legislative Reference Bureau |
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| 13 | + | Current law imposes a tax on the real and tangible personal property of a |
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| 14 | + | telephone company, not including computers, cash registers, fax machines, motor |
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| 15 | + | vehicles, treatment plant and pollution abatement equipment, qualified broadband |
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| 16 | + | service property, and property used less than 50 percent in the operation of the |
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| 17 | + | telephone company. Current law defines a “telephone company” as any person that |
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| 18 | + | provides to another person telecommunications services, including the resale of |
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| 19 | + | services provided by another telephone company. |
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| 20 | + | This bill exempts from the tax on a telephone company the company's tangible |
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| 21 | + | personal property, beginning with assessments in 2023. |
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| 22 | + | Because this bill relates to an exemption from state or local taxes, it may be |
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| 23 | + | referred to the Joint Survey Committee on Tax Exemptions for a report to be printed |
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| 24 | + | as an appendix to the bill. |
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| 25 | + | For further information see the state fiscal estimate, which will be printed as |
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| 26 | + | an appendix to this bill. |
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| 27 | + | The people of the state of Wisconsin, represented in senate and assembly, do |
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| 28 | + | enact as follows: |
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| 29 | + | 1 |
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| 30 | + | 2 |
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| 31 | + | 3 - 2 -2023 - 2024 Legislature LRB-3089/1 |
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| 32 | + | JK:amn |
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| 33 | + | SECTION 1 SENATE BILL 323 |
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| 34 | + | SECTION 1. 76.81 of the statutes is renumbered 76.81 (1) and amended to read: |
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| 35 | + | 76.81 (1) There Except as provided in sub. (2), there is imposed a tax on the real |
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| 36 | + | property of, and the tangible personal property of, every telephone company, |
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| 37 | + | excluding property that is exempt from the property tax under s. 70.11 (39) and |
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| 38 | + | (39m), motor vehicles that are exempt under s. 70.112 (5), property that is used less |
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| 39 | + | than 50 percent in the operation of a telephone company, as provided under s. 70.112 |
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| 40 | + | (4) (b), treatment plant and pollution abatement equipment that is exempt under s. |
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| 41 | + | 70.11 (21), and qualified broadband service property. Except as provided in s. 76.815, |
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| 42 | + | the rate for the tax imposed on each description of real property and on each item of |
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| 43 | + | tangible personal property is the net rate for the prior year for the tax under ch. 70 |
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| 44 | + | in the taxing jurisdictions where the description or item is located. The real and |
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| 45 | + | tangible personal property of a telephone company shall be assessed as provided |
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| 46 | + | under s. 70.112 (4) (b). |
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