This is the preview version of the Wisconsin State Legislature site.
Please see http://docs.legis.wisconsin.gov for the production version.
LRB-4336/1
MES:ahe
2019 - 2020 LEGISLATURE
January 30, 2020 - Introduced by Representatives Tusler, Steineke and
Petersen, cosponsored by Senators Cowles and Roth. Referred to Committee
on Ways and Means.
AB821,1,4 1An Act to create 66.1105 (17) (g) of the statutes; relating to: changing the 12
2percent rule regarding the total value of taxable property included in the
3creation of, or amendment to, a tax incremental financing district in the village
4of Little Chute.
Analysis by the Legislative Reference Bureau
With regard to the village of Little Chute, this bill changes the rule that the
equalized value of taxable property of a new or amended tax incremental district
(TID) plus the value increment of all existing TIDs does not exceed 12 percent of the
total equalized value of taxable property in the city or village. Under the bill, the 12
percent rule becomes a 15 percent rule for the village of Little Chute, with regard to
the creation of TID Number 9 by the village. Upon the termination of that TID, the
limit will return to 12 percent.
For further information see the local fiscal estimate, which will be printed as
an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB821,1 5Section 1. 66.1105 (17) (g) of the statutes is created to read:
AB821,2,5
166.1105 (17) (g) Village of Little Chute exception. The 12 percent limit described
2under sub. (4) (gm) 4. c. shall be 15 percent with regard to Tax Incremental District
3Number 9 that is created by the village board of the village of Little Chute, except
4that this paragraph does not apply upon the termination of that Tax Incremental
5District Number 9.
AB821,2,66 (End)
Loading...
Loading...