Section 76.31. Determination of ad valorem tax receipts for hub facility exemptions.

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By July 1, 2004, and every July 1 thereafter, the department shall determine the total amount of the tax imposed under subch. I of ch. 76 that was paid by each air carrier company, as defined in s. 70.11 (42) (a) 1. , whose property is exempt from taxation under s. 70.11 (42) (b) for the most recent taxable year that the air carrier company paid the tax imposed under subch. I of ch. 76 . The total amount determined under this section shall be transferred under s. 20.855 (4) (fm) to the transportation fund.

2001 a. 16 .

                    
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