HomeMy WebLinkAbout09-372SEPTEMBER 22, 2009 09 -372 RESOLUTION
(CARRIED 7 -0 LOST LAID OVER WITHDRAWN )
PURPOSE: RESCIND PERSONAL PROPERTY TAXES FOR VERIZON
WIRELESS ($1,946.89)
INITIATED BY: DEPARTMENT OF FINANCE
WHEREAS, the following property taxes were assessed improperly, per Wisconsin
State Statutes 74.33 (1) (e), and rescission of the tax due is appropriate:
Verizon Wireless
550 S Koeller Street
Oshkosh, WI 54904
(Personal Property ID #200304000) $1,946.89
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Oshkosh that the proper City Officials are hereby authorized and directed to rescind the
sum of $1,946.89.
BE IT FURTHER RESOLVED that the proper City Officials are authorized and
directed to seek compensation from the other taxing entities per Wisconsin State Statutes
74.41.
Funds for this purpose are appropriated from:
Account No. 100- 0908 - 6469 -00000 — Tax Refund Account
City of Oshkosh
Finance Department
215 Church Ave., PO Box 1130
Oshkosh, W1
HK�f 20) 236-5080 5
36- 80
O.f H 9 0
(920) 236 -5039 FAX
ON THE WATER
I\% I D) UT [I] .7�►11�11/ I
TO: Honorable Mayor and Members of the Common Council
FROM: Peggy Steeno, Finance Director
DATE: September 15, 2009
RE: Authorize Rescission of Personal Property Taxes
BACKGROUND
Per Wisconsin State Statutes, the removal of Property Taxes needs to be authorized by the Common
Council. Statues enumerate six specific conditions under which a rescission is appropriate / necessary.
There is currently one business that has been incorrectly charged personal property taxes, and, therefore,
the amount charged needs to be rescinded. The Assessor's staff verified that this business should not
have been charged for personal property by the City of Oshkosh.
ANALYSTS
Below are the details and reason that this is being presented for rescission. In addition, the specific
condition as outlined by State Statues is included:
Personal Property 200304000 / Verizon Wireless / 550 S Koeller Street - $1,946.89 — (State Statute
74.33 (e) - A double assessment has been made) — This business is a `teleco' business that reports
directly to the Department of Revenue and is not required to file personal property with the City of
Oshkosh. Therefore, our records were not accurate. This has been verified by the Assessor's office and
the correction has been made.
FISCAL IMPACT
The impact of the above rescissions is short term only, since, in the year that the taxes are rescinded, the
City notifies the Department of Revenue (DOR) of the rescissions, and the DOR adjusts the equalized
value for the following year to account for the difference. These adjustments are built into the tax rate
for all taxing authorities for the following year.
RECOMMENDATION
Staff recommends that Council authorize this resolution to rescind and refund the above noted taxes as
outlined.
Res ectfully Submitted, Approved:
'ge",
Peggy Steeno Mark Rohloff
Finance Director City Manager