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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) By March 15 each person that owns property that is exempt under s. 70.11, except s. 70.11(1) and (2), and that was used in the most recently ended taxable year in a trade or business for which the owner of the property was subject to taxation under sections 511 to 515 of the internal revenue code, as defined in s. 71.22(4m), shall file with the clerk of the taxation district in which the property is located a statement containing the following information:
(a) The name, address and telephone number of the owner of the property.
(b) The name, address and telephone number of a person who can be contacted concerning the use of the property in a trade or business.
(c) A general description of the activities engaged in to conduct the trade or business.
(d) The location and a description of the property that is used in the trade or business including, if applicable, the specific portion of a building that is used to conduct the trade or business.
(2) The format and distribution of statements under this section shall be governed by s. 70.09(3).
(3) If the statement required under this section is not received by the due date, the taxation district clerk shall send the owner of the property a notice, by certified mail, stating that failure to file a statement is subject to the penalties under sub. (4).
(4) A person who fails to file a statement within 30 days after notification under sub. (3) shall forfeit $10 for each succeeding day on which the form is not received by the taxation district clerk, but not more than $500.
Cite this article: FindLaw.com - Wisconsin Statutes Taxation (Ch. 70 to 79) § 70.339. Reporting requirements - last updated January 01, 2025 | https://codes.findlaw.com/wi/taxation-ch-70-to-79/wi-st-70-339/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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