WI AB185

Expands property tax exemption for nonprofit theater organizations to include both indoor and outdoor theaters, removing the previous outdoor-only restriction

Reduces minimum seating capacity requirement from 400 persons to 240 persons for qualifying theaters

Extends eligibility deadline for IRS 501(c)(3) determination letters from July 31, 1969 to October 1, 1990, allowing more organizations to qualify

Requires that all property be used for the purposes for which the exemption was granted and that the organization operates the theater(s)

Applies retroactively to property tax assessments as of January 1, 2025