Wisconsin Administrative Code › Department of Revenue › Chapter Tax 20 - Lottery And Gaming Credit › Subchapter II - Lottery and Gaming Credit › Section Tax 20.05 - Definitions

Current through June 24, 2024
In this chapter:
(1)"Application" means the form used to claim
				the lottery and gaming credit.
(2)"Approved property" means taxable real
				estate or an item of personal property that contains the primary residence of
				an owner whose application for a lottery and gaming credit has been timely
				filed under s.
				Tax
				20.07 or 20.11, and has not been disqualified by the
				department.
(3)"Certification date"
				means January 1 of the year the tax is levied. For manufactured and mobile
				homes placed in a manufactured or mobile home community after January 1, the
				certification date is determined under s.
				66.0435(3)
				(c) 2, Stats.
(4)"Credit" means the lottery and gaming
				credit under ss.
				66.0435(3)
				(c) 8 and
				79.10,
				Stats.
(5)"Department" means the
				department of revenue.
(6)"Dwelling" means a structure or that part
				of a multidwelling or multipurpose structure occupied as separate living
				quarters. Separate living quarters are those in which the occupants live and
				eat separately from any other persons in the building and which have direct
				access from outside the building or through a common hall. "Dwelling" does not
				include a structure which is exempt from property taxes under s.
				70.111(19)
				or
				70.112(5),
				Stats., in the year of the credit.
(7)"Manufactured home" has the meaning given
				in s.
				66.0435(1)
				(cm), Stats.
(8)"Maximum credit value" or "MCV" means the
				value of property calculated by the department as provided in s.
				79.10(11)
				(c), Stats., for purposes of computing the
				lottery and gaming credit.
(9)"Mobile home" has the meaning given in s.
				66.0435(1)
				(d), Stats.
(10)"Monthly municipal permit fee" means the
				fee calculated under s.
				66.0435(3)
				(c), Stats., collected by the local taxing
				authority or community operator, as defined in s.
				66.0435(1)
				(c), Stats., from each occupied space or lot
				in a manufactured or mobile home community located in the licensing authority's
				boundaries.
(11)"Municipality"
				means any town, village, or city.
(12)"Owner" means:
(a) A person named as an owner on the title
				instrument for that person's primary residence which is recorded in the records
				of the register of deeds for the county in which that person's primary
				residence is located.
(b) A person
				related as husband or wife to a person under par. (a), (d), (f), (g), or
				(h).
(c) A partner of a partnership
				under s.
				178.0102(11),
				Stats., or shareholder of a tax-option corporation as defined in s.
				71.34(2),
				Stats., or a shareholder of a small business corporation as defined in s. 1361
				(b) of the Internal Revenue Code, if that partnership or corporation owns
				property that is the primary residence of the partner or shareholder.
(d) A buyer in possession under a land
				contract of property which is the primary residence of the buyer, provided that
				the land contract or the instrument evidencing the existence of a land contract
				is notarized no later than 6 months after the certification date.
(e) A trustee, as defined in s.
				701.0103(28),
				Stats., of a trust in property, as defined in s.
				701.0103(20),
				Stats., where a beneficiary of that trust, as defined in s.
				701.0103(3),
				Stats., uses the property as his or her primary residence.
(f) A member, as defined in s.
				185.01(5),
				Stats., of a cooperation as defined in s.
				185.01(2),
				Stats., that owns property that is the primary residence of the
				member.
(g) A person holding a
				property interest for life under s.
				700.02(3),
				Stats., in property on which that person's primary residence is located,
				provided that the life interest is notarized no later than 6 months after the
				certification date.
(h) An owner of
				a manufactured or mobile home.
(i)
				A lawfully authorized agent of an owner described under pars. (a) to (h) acting
				on behalf of that owner.