AB 496

Under current law, all real and personal property of a housing facility is exempt

from the property tax if all of the following apply:

1. The facility is owned by a nonprofit organization.

2. At least 90 percent of the facility's residents are students enrolled at the

University of Wisconsin-Madison and the facility houses no more than 300 such

students.

3. The facility offers support services and outreach programs to its residents,

the public or private institution of higher education at which the student residents

are enrolled, and the public.

Under this bill, the property tax exemption does not apply to housing facilities

owned by fraternities and sororities.

Because this bill relates to an exemption from state or local taxes, it may be

referred to the Joint Survey Committee on Tax Exemptions for a report to be printed

as an appendix to the bill.