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Can you summarize WIAC Tax Chapter 20?
Department of Revenue > Lottery And Gaming Credit
Short Summary
The legal document pertains to the lottery and gaming credit program in Wisconsin. It defines various terms related to the credit and establishes procedures for its management at the state, county, town, village, and city level. The credit is available for owners of taxable real estate or personal property that contains their primary residence, as long as their application is timely filed and not disqualified by the department. The document specifies that certain structures exempt from property taxes are not eligible for the credit. It outlines the claiming process, including the requirement to complete an application form prescribed by the Department of Revenue and file it with the county or city treasurer. The document also provides information on late claims and the process for withdrawing a claim. It further discusses the settlement of credit amounts received by the municipal treasurer with each taxing jurisdiction within the taxation district. The document also addresses the audit procedures for the lottery and gaming credit, including the authority of the Department of Revenue to audit claims and deny the credit if it does not qualify. It outlines the handling of denied credits and the penalties for theft or fraudulent use of lottery and gaming credit special charge payments. Individuals adversely affected by a determination made by the department can petition for a contested case hearing. Overall, the document provides comprehensive information on the eligibility, claiming, and audit processes for the lottery and gaming credit program in Wisconsin.
Whom does it apply to?
The document applies to owners of taxable real estate or personal property in Wisconsin who qualify for the lottery and gaming credit.
What does it govern?
The legal document governs the lottery and gaming credit program in Wisconsin, including the eligibility criteria, claiming process, and audit procedures.
What are exemptions?
Certain structures exempt from property taxes are not eligible for the credit.
What are the Penalties?
No penalties are mentioned in this document.
Jurisdiction
Wisconsin