2015 WISCONSIN ACT
145
An Act
to amend
77.255; and
to create
77.256 of the statutes;
relating to:
real estate transfer fee returns for conveyances exempt from the fee.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
Section
1
.
77.255 of the statutes is amended to read:
77.255
Exemptions from return.
No return is required with respect to
conveyances
a conveyance
exempt under s. 77.25 (1)
, (2r), (4) or (11) from the fee imposed under s. 77.22. No return is required with respect to conveyances exempt under s. 77.25 (2) unless the transferor is also a lender for the transaction
.
Section
1d
.
77.256 of the statutes is created to read:
77.256 Local fees prohibited. (1)
No city, village, town, or county may impose a fee on a conveyance that is exempt from the real estate transfer fee under s. 77.25.
(2)
If a city, village, town, or county has an ordinance in effect on the effective date of this subsection .... [LRB inserts date], that is inconsistent with the prohibition under sub. (1), the city, village, town, or county may not enforce the ordinance.
Section
2
.
Initial applicability.
(1) This act first applies to property conveyed on the effective date of this subsection.