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LRBs0219/1
SWB:skw
2023 - 2024 LEGISLATURE
ASSEMBLY SUBSTITUTE AMENDMENT 1,
TO ASSEMBLY BILL 834
January 5, 2024 - Offered by Representative Novak.
AB834-ASA1,1,3 1An Act to create 66.1105 (17) (g) of the statutes; relating to: limitations on the
2total value of taxable property that may be included in a tax incremental
3financing district created in the city of Evansville.
Analysis by the Legislative Reference Bureau
Under current law, the equalized value of taxable property of a new or amended
tax incremental district (TID) plus the value increment of all existing TIDs in a city
or village may not exceed 12 percent of the total equalized value of taxable property
in the city or village. Under this bill, the 12 percent rule does not apply for the
creation of TID Number 10 by the city of Evansville.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB834-ASA1,1 4Section 1. 66.1105 (17) (g) of the statutes is created to read:
AB834-ASA1,2,3
166.1105 (17) (g) City of Evansville exception. The 12 percent limit described
2under sub. (4) (gm) 4. c. does not apply for the creation of Tax Incremental District
3Number 10 by the common council of the city of Evansville.
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