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AB489-ASA1,6 13Section 6. 79.04 (8) of the statutes is created to read:
AB489-ASA1,4,1714 79.04 (8) All of the following apply to the payments for property of a production
15plant that includes multiple power generation units, except that this subsection
16applies only if the production plant's first power generation unit is no longer
17generating electricity after the effective date of this subsection .... [LRB inserts date]:
AB489-ASA1,4,2218 (a) No payment received by a municipality or county under sub. (1), (2), (6), or
19(7) shall be reduced on the basis that one or more, but not all, of the power generation
20units are no longer generating electricity, and the amount of the payment shall be
21the amount that the municipality or county received in the year before the year in
22which the first power generation unit is no longer generating electricity.
AB489-ASA1,5,223 (b) The payments under subs. (5) (a) or (b) or (9) shall not be made until the
24production plant is decommissioned, and then the payments shall be determined on
25the basis of the amount of the payment received by the municipality or county under
1sub. (1), (2), (6), or (7) in the year before the year in which the first power generation
2unit is no longer generating electricity.
AB489-ASA1,7 3Section 7. 79.04 (9) of the statutes is created to read:
AB489-ASA1,5,104 79.04 (9) (a) For a production plant that is decommissioned as provided under
5s. 79.005 (1h) (b) as a result of the plant being transferred within the first year that
6all power generation units of the plant are no longer generating electricity, each
7municipality and county shall be paid, from the public utility account, an amount
8equal to the following percentages of the payment the municipality and county
9received under this section during the last year that the property was exempt from
10the property tax:
AB489-ASA1,5,1111 1. In the first year that the property is taxable, 100 percent.
AB489-ASA1,5,1212 2. In the 2nd year that the property is taxable, 90 percent.
AB489-ASA1,5,1313 3. In the 3rd year that the property is taxable, 80 percent.
AB489-ASA1,5,1414 4. In the 4th year that the property is taxable, 70 percent.
AB489-ASA1,5,1515 5. In the 5th year that the property is taxable, 60 percent.
AB489-ASA1,5,1616 6. In the 6th year that the property is taxable, 50 percent.
AB489-ASA1,5,1717 7. In the 7th year that the property is taxable, 40 percent.
AB489-ASA1,5,1818 8. In the 8th year that the property is taxable, 30 percent.
AB489-ASA1,5,1919 9. In the 9th year that the property is taxable, 20 percent.
AB489-ASA1,5,2020 10. In the 10th year that the property is taxable, 10 percent.
AB489-ASA1,6,221 (b) For a production plant that is decommissioned as provided under s. 79.005
22(1h) (b) as a result of the plant being transferred in the 2nd year that all power
23generation units of the plant are no longer generating electricity, each municipality
24and county shall be paid, from the public utility account, an amount equal to the
1following percentages of the payment the municipality and county received under
2this section during the last year that the property was exempt from the property tax:
AB489-ASA1,6,33 1. In the first year that the property is taxable, 100 percent.
AB489-ASA1,6,44 2. In the 2nd year that the property is taxable, 89 percent.
AB489-ASA1,6,55 3. In the 3rd year that the property is taxable, 78 percent.
AB489-ASA1,6,66 4. In the 4th year that the property is taxable, 67 percent.
AB489-ASA1,6,77 5. In the 5th year that the property is taxable, 56 percent.
AB489-ASA1,6,88 6. In the 6th year that the property is taxable, 45 percent.
AB489-ASA1,6,99 7. In the 7th year that the property is taxable, 34 percent.
AB489-ASA1,6,1010 8. In the 8th year that the property is taxable, 23 percent.
AB489-ASA1,6,1111 9. In the 9th year that the property is taxable, 12 percent.
AB489-ASA1,6,1712 (c) For a production plant that is decommissioned as provided under s. 79.005
13(1h) (b) as a result of the plant being transferred in the 3nd year that all power
14generation units of the plant are no longer generating electricity, each municipality
15and county shall be paid, from the public utility account, an amount equal to the
16following percentages of the payment the municipality and county received under
17this section during the last year that the property was exempt from the property tax:
AB489-ASA1,6,1818 1. In the first year that the property is taxable, 100 percent.
AB489-ASA1,6,1919 2. In the 2nd year that the property is taxable, 87.5 percent.
AB489-ASA1,6,2020 3. In the 3rd year that the property is taxable, 75 percent.
AB489-ASA1,6,2121 4. In the 4th year that the property is taxable, 62.5 percent.
AB489-ASA1,6,2222 5. In the 5th year that the property is taxable, 50 percent.
AB489-ASA1,6,2323 6. In the 6th year that the property is taxable, 37.5 percent.
AB489-ASA1,6,2424 7. In the 7th year that the property is taxable, 25 percent.
AB489-ASA1,6,2525 8. In the 8th year that the property is taxable, 12.5 percent.
AB489-ASA1,7,6
1(d) For a production plant that is decommissioned as provided under s. 79.005
2(1h) (b) as a result of the plant being transferred in the 4th year that all power
3generation units of the plant are no longer generating electricity, each municipality
4and county shall be paid, from the public utility account, an amount equal to the
5following percentages of the payment the municipality and county received under
6this section during the last year that the property was exempt from the property tax:
AB489-ASA1,7,77 1. In the first year that the property is taxable, 100 percent.
AB489-ASA1,7,88 2. In the 2nd year that the property is taxable, 86 percent.
AB489-ASA1,7,99 3. In the 3rd year that the property is taxable, 72 percent.
AB489-ASA1,7,1010 4. In the 4th year that the property is taxable, 58 percent.
AB489-ASA1,7,1111 5. In the 5th year that the property is taxable, 44 percent.
AB489-ASA1,7,1212 6. In the 6th year that the property is taxable, 30 percent.
AB489-ASA1,7,1313 7. In the 7th year that the property is taxable, 16 percent.
AB489-ASA1,7,1914 (e) For a production plant that is decommissioned as provided under s. 79.005
15(1h) (b) as a result of the plant being transferred in the 5th year that all power
16generation units of the plant are no longer generating electricity, each municipality
17and county shall be paid, from the public utility account, an amount equal to the
18following percentages of the payment the municipality and county received under
19this section during the last year that the property was exempt from the property tax:
AB489-ASA1,7,2020 1. In the first year that the property is taxable, 100 percent.
AB489-ASA1,7,2121 2. In the 2nd year that the property is taxable, 83 percent.
AB489-ASA1,7,2222 3. In the 3rd year that the property is taxable, 66 percent.
AB489-ASA1,7,2323 4. In the 4th year that the property is taxable, 49 percent.
AB489-ASA1,7,2424 5. In the 5th year that the property is taxable, 32 percent.
AB489-ASA1,7,2525 6. In the 6th year that the property is taxable, 16 percent.
AB489-ASA1,8,5
1(f) For a production plant that is decommissioned as provided under s. 79.005
2(1h) (b) as a result of the plant being transferred after the 5th year that all power
3generation units of the plant are no longer generating electricity, each municipality
4and county shall be paid, from the public utility account, an amount equal to the
5amounts determined under sub. (5).
AB489-ASA1,8,66 (End)
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